THE GLOBAL FINANCIAL CRISIS: DECEIT, DECEPTION & DISTORTION
By Joan Veon
April 9, 2008
While there are many examples of treachery in human history: those against innocent people, against those who invented something that the more powerful interests did not want to compete with, those against rulers by those who wanted their kingdom, and those against government so they could distort a country’s monetary system for their own financial gain and empowerment. In light of the expanding and evolving global financial crisis, this is where we find ourselves. In reality, we are seeing the global empowerment of a central banking system which is now global. They are now creating the conditions to give them the rest of the regulatory powers they still lack.
If one looks at the financial history of America, they will see from the beginning there was a political and financial tug of war over whether a private corporation, like the Bank of England, would control our monetary system. Alexander Hamilton favored the aristocratic tradition of central banking versus that of Thomas Jefferson who was for limited government that controlled our monetary system.
According to The Federal Reserve Conspiracy by Antony C. Sutton, Alexander Hamilton introduced a bill into the House to “grant a charter for the privately owned Bank of the United States, creating the first private money monopoly in the U.S. and which was a predecessor to the Federal Reserve in 1913. The charter of the First Bank of the United States expired in 1811. The War of 1812 presented bank supporters with a new argument—financial distress brought about by the war required financial relief in the form of a new national bank. The Second Bank of the United States was signed into law in 1816” with a term of 20 years. [Read the "The Coming Battle" originally published in 1899]
It was Andrew Jackson who not only routed out the British in the War of 1812, but refused to renew the charter of the Second Bank. The goal of the international bankers from 1836 until 1913 was to get the U.S. to set up a central bank!
In the book, Captains and The Kings by Taylor Caldwell, she writes about a group of powerful insiders who run the world and control history, “They talked only of money, the greatest of powers, the most pragmatic of common denominators. It was accepted that all other things besides money and the power of money were outside the consideration of intelligent men.”
One of the main characters says to a younger man whom he is educating in the ways of the world, “You will recall a discussion today concerning the dissatisfaction the [foreign] gentlemen feel for our absurd Constitutional Amendment that only Congress has the power to coin money. They are now trying to influence our government to permit a private Federal Reserve System to coin and issue and control currency, without the consent of Congress or any other governmental agency” (pp.301-302).
Only a few people today know that the Federal Reserve, our central bank, is not federal nor does it have any reserves. Its beginnings are vested in a deep cloak of secrecy by a group of bankers comprised of Senator Nelson Aldrich, father-in-law of John D. Rockefeller, Jr., German banker Paul Warburg, Henry P. Davison, partner in J.P. Morgan and National City Bank (today Citigroup), Frank Vanderlip, Benjamin Strong, and Charles D. Norton. A number of them represented J.P. Morgan while others represented Kuhn-Loeb and the Rockefeller interests.
They met on Jekyll Island in 1910 where they planned exactly how the Federal Reserve would be established. The need for the central bank, they said, was precipitated by the 1907 panic. Back then, a number of money trusts banks began to call their loans which precipitated a run on the Heinze-Morse Mercantile National Bank. The owners of this bank were concerned citizens who were trying to oppose the Wall Street money trust. Guess who won? J. P. Morgan along with Rockefeller, Harriman and Kuhn Loeb.
The Federal Reserve Act passed “with almost unprecedented speed” according to the New York Times and the House voted 298 to 60 to pass it at 11:00 p.m., Monday, December 22, 1913. The whole process of democratically controlled Congress gave the Federal Reserve the power to control the entire monetary system of the United States. Those involved with the creation of the Federal Reserve included Kuhn-Loeb, National City Bank, First National Bank, Bankers Trust, Guaranty Trust and J. P. Morgan. If the British Royal Family was one of the largest investors in the Bank of England, I would imagine that they are also an investor in other central banks, including the Federal Reserve. It should be noted that many of these same banks are involved in today’s credit crunch. Surprise. Surprise.
According to G. Edward Griffin in The Creature from Jekyll Island, the goals of the international bankers, i.e. the banking cartel was to “involve the federal government as an agent shifting the inevitable losses from the owners of those banks to the taxpayers.” Griffin goes on to write, “The Game-Called-Bailout as it actually has been applied to specific cases including Penn Central, Lockheed, New York City, Chrysler, Commonwealth Bank of Detroit, First Pennsylvania Bank, Continental Illinois, and others (25).” Let us add Long Term Capital Management, BCCI, and now Bear Stearns. All of these owed money to the same banks which financed the Federal Reserve in the first place. Griffin goes on to write, “The history of increasing government intervention in the housing industry; the stifling of free-market forces in residential real estate; the resulting crisis S&L industry; the bailout of that industry with money taken from the taxpayer (67).”
In September, 2007, NewsWithViews.com carried an article that I did on the fact that the sub prime credit crunch is a ruse. I basically said that all of the banks involved both in Europe and the U.S. are inter-related with interlocking Boards of Directors. In fact, former British Prime Minister Tony Blair just joined JP Morgan as senior advisor! Should I also mention that JP Morgan is closely associated with the Rothschild’s who are investors in various central banks?
What we have to understand is that in order to integrate the world economically, all that remains are the structural changes: from national accounting rules to global accounting rules, from national clearing and settlement to a global system of clearing and settlement; from national regulatory laws to a global system of regulatory laws; and to bring the U.S. into a 21st century global regulatory system by tearing down the current system and globalizing all our financial and securities laws. In other words, the very last vestiges of our economic sovereignty are being changed before our very eyes because of another trumped up credit crisis.
Global crises are only possible because the barriers between all the nation-states have been torn down: the economic, financial, political, trade, legal, and intelligence. Because of this “flat landscape,” it is now possible to bring down the value of all the stock exchanges at once instead of one at a time because of the barriers! Think how expedient that is for those who are in positions of this kind of power? No longer will any government official have any type of power!
Let me also point out that we now see treasury officials and central bank ministers acting in concert. Before 1998, they acted independently; today they act and think as one.
The Game Called Bailout has just gone global. No longer will they have to worry about what country they are using for personal gain. While the Federal Reserve expanded their powers by bailing out Bear Stearns, an international bank, which is not part of their 1913 powers, it will be the same kind of Congress that will globalize The Bailout Game and now allow you and me to become the true lender of last resort as we foot the bill for derivatives, futures, options, and any other problem they can contrive.
© 2008 Joan Veon - All Rights Reserved