Demons & Dialog

Exposing hidden news, history, & the new world order

…AND THUS ENDETH FREEDOM IN AMERICA

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CHAPTER 20
…AND THUS ENDETH FREEDOM IN AMERICA


Towards the end of the 19th century the banks controlled by the Rothschilds started a big campaign to get the rich American economy under their control. Around 1900 the Rothschilds sent a further agent to the U.S., PAUL WARBURG, to collaborate with the banking firm of Kuhn Loeb & Co. Take note of this name: he was yet to interlink many more organizations! JACOB SCHIFF and PAUL WARBURG started a campaign for the creation of the FEDERAL RESERVE BANK as an established PRIVATE central bank in America.


In 1907 Jacob Schiff said before the New York Chamber of Commerce:

“If we don’t get a central bank with sufficient credit control this country will experience the most severe and far-reaching financial panic in its history.”

(Des Griffin: Descent Into Slavery).

No sooner said than done. They went on to hurl the U.S. into a monetary crisis the resulting panic at the financial market of which ruined the lives of tens of thousands of people all over the country. The panic at the New York stock exchange brought the Rothschilds – quite apart from a profit of several billion U.S.$ – the success they hoped for. Cunningly planned, the panic was used as an argument for the establishment of a central bank to stave off similar occurrences. Paul Warburg then told the bank and currency committee:

“In the Panic of 1907, the first suggestion was ‘let us have a national clearing house’ (Central Bank).”

(Gary Allen: None Dare Call It Conspiracy).

The final version of the decision to introduce the FEDERAL RESERVE SYSTEM (the private central bank of the U.S.) was conceived on J.P. Morgan’s estate on Jekyll Island, Georgia.


According to H.G. Dorsey the meeting was attended by A. Piatt Andrew, Senator Nelson Aldrich, Frank Vanderlip (president of Kuhn Loeb & Co.), Henry Davidson (senior partner in the J.P. Morgan Bank), Charles Norton (president of Morgan’s First National Bank), Paul Warburg and Benjamin Strong (president of Morgan’s Bankers Trust Co.). The introduction in 1913 of the Federal Reserve System enabled the international bankers to consolidate their financial powers in the U.S. Paul Warburg was the firs chairman of the Federal Reserve Bank of New York.


The Federal Reserve Act was soon followed by the 16th Amendment to the Constitution which enabled Congress to levy taxes on the personal income of U.S. citizens. This was the consequence of the fact that the U.S. government could no longer print its own money to finance its operations.


For the first time since the founding of the U.S., income tax was levied.


The foremost shareholders of the FEDERAL RESERVE (The FED) were: Read more

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Written by Michael Cooper

January 28, 2009 at 6:39 pm

Posted in Uncategorized

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