This page has been archived and commenting is disabled.
103 Years Later, Wall Street Turned Out Just As One Man Predicted
In 1910, three years before the US Federal Reserve was founded, Senator Nelson Aldrich, Frank Vanderlip of National City (Citibank), Henry Davison of Morgan Bank, and Paul Warburg of the Kuhn, Loeb Investment House met secretly at Jekyll Island in Georgia to formulate a plan for a US central bank just years ahead of World War I.
The result of their work was the so-called Aldrich Plan which called for a system of fifteen regional central banks, i.e., National Reserve Associations, whose actions would be coordinated by a national board of commercial bankers. The Reserve Association would make emergency loans to member banks, and would create money to provide an elastic currency that could be exchanged equally for demand deposits, and would act as a fiscal agent for the federal government.
In other words, the Aldrich Plan proposed a "central bank" that would be openly and directly controlled by Wall Street commercial banks on whose behalf it would solely operate, instead of doing so indirectly, behind closed doors and the need for criminal probe of Yellen's Fed seeking to find who leaked what to whom.
The Aldrich Plan was defeated in the House in 1912 but its outline became the model for the bill that eventually was adopted as the Federal Reserve Act of 1913 whose passage not only unleashed the Fed as we know it now, but the entire shape of modern finance.
In 1912, one person who warned against the passage of the Aldrich Plan, was Alfred Owen Crozier: a man who saw how it would all play out, and even wrote a book titled "U.S. Money vs Corporation Currency" (costing 25 cents) explaining and predicting everything that would ultimately happen, even adding some 30 illustrations for those readers who were visual learners.
The book, which is attached at the end of this post, is a must read, but even those pressed for time are urged to skim the following illustrations all of which were created in 1912, and all of which predicted just what the current financial system would look like.
Or, in the words of Overstock's CEO Patrick Byrne, "that's uncanny"
@zerohedge that's uncanny.
— Patrick Byrne (@OverstockCEO) June 5, 2015
From "U.S. Money vs Corporation Currency" (which can and should be read for free on Google), here are the selected illustrations:
None of this was rocket science: should the power to create money fall into the hands of a private few, or an entity working purely on their behalf (and lest there is any confusion, a multi-trillion bailout of the US financial system and the ongoing ZIRP/QE regime has benefited almost entirely that handful of people who stood to lose trillions in paper wealth should US banking as we know it end), it would "inaugurate a financial and industrial reign of terror." It was clear as day 103 years ago.
Fast forward 103 years when who should end up with that power? A group of central banking career academics, currently in the midst of a criminal probe what and how much information they leaked to a select group of private Wall Street interests and commercial bankers.
Why? Simple.
The country now knows: "Democracy" forgot.

* * *
Full book below (link for free ebook):
- 191715 reads
- Printer-friendly version
- Send to friend
- advertisements -



















Shockingly accurate and visionary.
You might expect a blog that takes itself so seriously to spell out how the Fed works and what to do about it. But no. Just take any government protections away so the banks & corporations can rape you harder.
https://youtu.be/kgoFcyttk-s
Surely Zero Hedge isn't advocating we manage the money as a utility like Andrew Jackson and the Founding Fathers proclaimed. That would be big government central planning right?
Surely you're not talking to yourself, right?
Cozier called it “White Man’s Burden.
Today it’s called “White Priviledge”.
And don't call me Shirley!
Bra ha ha ha
That's Hedley!
the author probably hopped on the ponzi at ground zero. if so, he was the smartest man.
U.S. FEDERAL RESERVE BANK.....NON CHOSENITES NEED NOT APPLY
And another excellent book on the history of these scumbag banksters:
The Creature From Jekyll Island, By G.Edward Griffin
Aldrich Plan... or is it for the AllRich Plan?
No, just a select few.
Now substitute McConnel/Boehner for Aldrich, Banking Cartel/Transnational Corporations for Banks, and TISA/TPP/TTIP for Aldrich Plan/Federal Reserve Act then re-publish the book at $24.99
Interesting to note that the inflation of the book price would be the near to the inverse of the Fed policy impact on the FRN since 1913.
I couldn't download free e-book or Scribd link. Anyone else have this problem?
go to the link above the Scribd frame.. the book is a Google scan.. you can download it in a variety of formats.
anybody else notice that he also drew the illustrations?
and that all you can find on the first few pages of Google is his Millerite associations?
the evil of the fed manifests itself in several ways the most
insidious is the brutally punishing way it devalues savings
through money printing at a rate far exceeding any rate of
return possible. the fed steals silently.
the system called federal:
to enslave a free people to dept, and capture all assets through
boom and bust, with money printed out of thin air.
100 years, truly mission accomplished.
I don't have the cajones to invest. I'd rather be a bull-fighter. I bet they get a lot of women.
The fact that nothing has changed in 103 years speak volumes of our failing government who has allowed these british bankers to continue to walk all over the people through extensive financial terrorism & also allowed corporate bribery to pass corporate law, indeed nothing has changed, and still the people with all of their knowledge of the truth do nothing.
Institute for Historical Review
The Warburgs: The Twentieth-Century Odyssey of a Remarkable Jewish Family, by Ron Chernow. New York: Random House, 1993. Hardcover. 820 pages. Photographs. Bibliography. Reference notes. Index.
In November 1910, [Senator] Aldrich [of Rhode Island], Paul [Warburg], and four other experts sneaked off to discuss bank reform at a secret hideaway on Jekyll Island off the Georgia coast.
With Democrats now in control of Congress and Progressives railing against Wall Street, the bankers had to travel incognito, lest they be accused of hatching a cabal.
As part of the elaborate charade, the conference participants pretended to be sportsmen, outfitting themselves as duck hunters. What Chernow does not adequately explain is why such secrecy was necessary if a central bank was really such a great idea.
We are told, in effect, that Warburg and others hatched a cabal to avoid being accused of hatching a cabal.
Because it was the product of a furtive conclave, and secrecy still surrounds many central bank decision-making activities, it is hardly surprising that there are so many dark suspicions and “banking conspiracy” theories involving the Federal Reserve Bank.
According to Chernow, Paul Warburg was the only person in America who understood how a central bank works. In 1912 and 1913, he drew up the basic plan for the Federal Reserve banking system, and he drafted the Federal Reserve Act. In December 1913 President Wilson signed the Act establishing the new central bank.
If anyone can be called the father of the Federal Reserve Bank, the New York Times has rightly noted, it is Paul Warburg.
The new central bank’s board of governors — which for several years included Paul Warburg — became top-heavy with political appointees whose policy of loose credit set the stage for the Great Depression.
America’s economic collapse of the 1930s can be traced to the Federal Reserve’s operation by incompetents and self-serving hacks.
http://www.ihr.org/jhr/v15/v15n5p33_Weir.html
A learned read about WW1 and the FRB is Rep. Lindbergh read on "why your country is at war, what happens to you afterward". Although all copies where destroyed by Wilson at the time, you can read a copy here...
http://www.hourofthetime.com/1-LF/Dec%2014/Your_Country_At_War.pdf
Chapter 6, the Wall Street speculator, the politician and the farmer is spot on. And the chapter on emergency currency.
Later years they would kidnap his grandchild to terrorize him.
"It is the Federal Reserve Banks that have been the clearing agency for all the work of “the big financiers.” They have been used as the spur where spur has been required. The Federal Reserve Banks are owned by the member banks, and the millionaires who own the big city banks control the Federal Reserve Banks." 1917 Charles Lindbergh.
Indeed shockingly accurate, but at the same time it unfortunately toally undermines the goldbug's case. Yes, there obviously have been stockmarket crashes and currency shocks, but if this has been going on for 103 years, wouldn't it be better as a simple man to also join the corrupt casino instead of betting against it with gold?
The obvious lesson here is even when, not if, the current fraudulent system collapses, they (the West, China, Russia, anyone) will NOT replace it with a gold standard, but instead come up with a new sort of 1944 Bretton Woods or 1971 Nixon Gold Window style 'solution' to stretch the current system for another 30-50 years.
I have bought quite a bit of gold and silver and as much as I want that to pay off, I fear more and more that a digital/cashless cryptocurrency will be the next totalitarian step in this saga and NOT honest gold backed money.
"Indeed shockingly accurate, but at the same time it unfortunately toally undermines the goldbug's case."
1) Yes, accurate. No, actually it doesn't, its a moral/ethical lesson of not climbing into bed with evil/criminals.
"Yes, there obviously have been stockmarket crashes and currency shocks, but if this has been going on for 103 years, wouldn't it be better as a simple man to also join the corrupt casino instead of betting against it with gold?"
2) See number one and not allowing yourself to "feed into it".
"The obvious lesson here is even when, not if, the current fraudulent system collapses, they (the West, China, Russia, anyone) will NOT replace it with a gold standard, but instead come up with a new sort of 1944 Bretton Woods or 1971 Nixon Gold Window style 'solution' to stretch the current system for another 30-50 years."
3) They can extend but they cannot pretend, the debt never goes away unless they renounce it but they can't because the ponzi is completely intertwined with funding goverments war & welfare schemes.
"I have bought quite a bit of gold and silver and as much as I want that to pay off, I fear more and more that a digital/cashless cryptocurrency will be the next totalitarian step in this saga and NOT honest gold backed money."
4) Correct. Which reveals what is really contemplated, complete control. Real money used in private transactions always has the ability to be anonymous, they don't want that.
//////
4a) You're not "buying" gold, you are exchanging currencies, debt fiat for honest currency.
/////
For my Keynesian, monetarist, statist junker(s) ;-)
http://www.usdebtclock.org/world-debt-clock.html
Your assertion that fiat money is the handiwork of criminals and/or immoral is utterly ridiculous. in 1775, the Continental Congress issued the Continental currency to fund the Revolutionary War. And yes, the Continental was a fiat currency. Without the Continental, the US would not have had the funds necessary to finance the war and win its independence from the British crown. The freedom that defines this country was ROOTED in FIAT MONEY. To suggest that fiat money is evil is to imply American independence and freedom was rooted in evil, as well.
And yes, the Continental eventually hyper-inflated into worthlessness, but only because the anti-counterfeiting measures in the 1700's were primitive, at best. The British easily counterfeited the Continental and eventually drove its value into the ditch. But, the fact still remains: the American Flag and all the freedom it represents was birthed from fiat money. Is that evil and immoral?
They also used tomahawks, muskets, cannon, bludgeons, bayonets, pitchforks, and their very own hands soaked in blood to win the war.
However, this does not mean that any of the above should have been made a permanent part of the every day interactions in a peaceful Republic. A good portion of the men who wrote the documents this country is based on were financially destroyed by this fiat money that had "helped them" win the war.
Thomas Jefferson's finances are an illustrative story about the dangers of non-redeemable paper ticket currencies. You may want to check out "Principle & Interest" by Herbert Sloan.
Jefferson's Father-in Law was one of the richest men in the Americas. When he died, Jefferson was made the executor of his father-in-law's estate. Meaning he was put in charge of discharging both the assets and liabilities of the estate. The assets were 30,000 pounds and the liabilities were 20,000 pounds owed to financiers in London. As is the case today, when someone agrees to be an executor of an estate, they are personally liable if the debts are not discharged with the proceeds from the asset sales.
Jefferson sold all the assets (land/slaves/etc) however, back in those days there were no "mortgages" and most financing was done as what we would today call, "Seller/Vendor Financing" where a buyer would issue a bond to the seller and the seller would slowly pay it off over time.
Then the Revolution came along.
Virginia issued it's own paper currency and made it legal tender. Inevitably, the currency became worthless, but Jefferson was forced by Virginia Law to accept it as payment on the bonds from the asset sales.
He was paid back with worthless pieces of paper.
Unfortunately, the creditors in London would accept only Gold and silver. He remained in debt until the day he died.
In fact the reason there exists The Library of Congress is because Jefferson was so in need of money, the Congress agreed to buy his immense library of books to help him out and this is what started The Library of Congress.
There was a reason the Founding Fathers found paper currency to be abhorrent.
It was real to them, and fresh in their minds.
We ignore this at our peril.
So you admit it was hyper-inflated into worthlessness?
surprise, surprise
<removed by us:gov1577910784>
Pretty sure I said DEBT fiat. As long as there are governments there will be fiat currencies, that is to say, currencies deemed by "the authorities" to be the one true currency to be used in exchange for goods & services.
The issue of course is why any currency needs to be backed by debt at all, it doesn't. Debt automatically encumber's it.
after all examples i given to explain that a cashless society is at best in a long futur, cashless mean also electricity.
what humanity do not realize yet is any long term black out, whatever the cause, will lead to chaos because every structures of our MODERN worldwide society is based on electricity.
if world take +20% world population within 25 years, you will have to produce at least +10% more electricity, and with the amount of growth of internet size and using, the web structures itself is condamned to be saturated by 2023 ( source : Andrew Lord ) , and will not be able to make another fiber optical cabling because of electrical issue.
morality : cashless is not possible technically because of the over consuming it generates to transform every paper/coin transaction into electrical operation.
"4a) You're not "buying" gold, you are exchanging currencies, debt fiat for honest currency."
But what good is it when you can not exchange this gold back into anything else anymore, in a cashless/digital currency society?
There is nowhere on the planet that this is the case.
Just because Keynesian authoritarians have finally spoken out loud of their long term dream world of cashless/digital societies to more easily control them doesn't make it a reality. It just exposes them for who & what they really are.
Digital wheat sounds like a novel idea too until one decides to eat it ;-)
The problem is that no one really knows for sure how all of this will shake out. What will the Eastern nations, not under the dollars' spell do as the USD is inflated into oblivion? Will they continue to be screwed? I think not. International trade may become unstable. If not gold then what? Written trusts of all kinds may become unacceptalble as exchange collatoral. Nations with gold or commodities, oil, copper, plutonium large standing armies etc. may have currencys more acceptable betweeen willing trading partners. Will the dollar die with a bang or a wimper? The dollar is being killed right now. European welfare states are all in serious finacial difficulty. Washingtons' answer to all these problems is war, war, war!
Let me think about that for a moment. Hmmmm..... bug out plan, southern hemisphere where the fall out will be less. Check. Gold coins out of country, check. Personel protection weaponry, check, and so on, it's a long list. Good forrtune to all!
Cheers.
Then why did you buy gold and silver?
indeed. the powerful look strongest just before they fall.
"The great oak tree had stood on a hill over the Hudson, in a lonely spot of the Taggart estate. Eddie Willers, aged seven, liked to come and look at that tree. It had stood there for hundreds of years, and he thought it would always stand there. Its roots clutched the hill like a fist with fingers sunk into the soil, and he thought that if a giant were to seize it by the top, he would not be able to uproot it, but would swing the hill and the whole of the earth with it, like a ball at the end of a string. He felt safe in the oak tree’s presence; it was a thing that nothing could change or threaten; it was his greatest symbol of strength.
One night, lightning struck the oak tree. Eddie saw it the next morning. It lay broken in half, and he looked into its trunk as into the mouth of a black tunnel. The trunk was only an empty shell; its heart had rotted away long ago; there was nothing inside – just a thin gray dust that was being dispersed by the whim of the faintest wind. The living power had gone, and the shape it left had not be able to stand without it.
“It was an immense betrayal – the more terrible because he could not grasp what it was that had been betrayed. It was not himself, he knew, nor his trust; it was something else. He stood there for a while, making no sound, then he walked back to the house. He never spoke about it to anyone, then or since.” A. Rand
I have always loved this little story. This idea.
P.S.
Detroit's industrial ruins are picturesque, like crumbling Rome in an 18th-century etching.
P. J. O'RourkeTo Greensheen. Without 'government protections' there would be no corporations. Idiot.
Green Sheen, Greenbacker extraordinaire, strikes again.
"Without 'government protections' there would be no corporations. Idiot."
ah, this myth persists. it has zero historical facts, but it still populates the imagination of the anarcho-liberal mythology addict
explain the "syndacalist", freedom-worshipping Buccaneers, then.
"A hundred years before the French Revolution, the buccaneer companies were run on lines in which liberty, equality and fraternity were the rule. In a buccaneer camp, the captain was elected and could be deposed by the votes of the crew. The crew, and not the captain, decided whether to attack a particular ship, or a fleet of ships. Spoils were evenly divided into shares; the captain received an agreed amount for the ship, plus a portion of the share of the prize money, usually five or six shares.
Crews generally had no regular wages, being paid only from their shares of the plunder, a system called "no purchase, no pay" by Modyford or "no prey, no pay" by Exquemelin. There was a strong esprit among buccaneers. This, combined with overwhelming numbers, allowed them to win battles and raids. There was also, for some time, a social insurance system guaranteeing compensation for battle wounds at a worked-out scale."
without state, companies and corporations do exist. and they can look like the buccaneers of old, self-organized pirates with a shares system, a social insurance system and even elections and recalls of the captain/CEO, or have less predatory attitudes.
of course there is the question why anarcho-liberals disown their buccaneer forefathers. too organized? too... embarassing? or just no clue about history in general, and a huge propaganda machine that prefers to use anarcho-liberalism in order to paralyze people in mythical utopias?
You fail to grasp the difference between voluntary association and coercion by a centralized authority that claims to have a monopoly on violence. Open your eyes...
yes, tell me the difference between an organized voluntary association of pirates bent to predate, rob and disposses the peaceful colonists and merchants of a Spanish settlement that is under the centralized authority of the Spanish King, who claims to have a monopoly on violence (and using that violence on natives, of course)
who is supposed to open his eyes? no government means buccaneers, pirates and warlords. all voluntary associations, at least in their beginnings
Buccaneers, pirates and warlords die, with age. Does that company, government or centralized authority die in the span of a human life. I think not. These organisations endure falsely as law. It is your consent that allows for those cut of the same cloth to rule over you, far worse then any warlord or angry pirate.
The ability to steal with the pen is mighier then the sword. But this you knew.
Because pirates using force has nothing to do with voluntary association. No government does NOT mean bucaneers and pirates and warlords. Bucaneers and warlords and pirates are identical to governments.
Iceland had no public government and had almost zero violence for 300 years mises.org/daily/1121
San Francisco only had private police forces for the first half of its existence. They were called the 'Police Specials' and outperformed government cops easily
Sharpe, Texas didn't renew their police forces contract and hire a private security company and crime is down dramatically, for only 60% of the cost.
FURTHERMORE, the dictionary definition of corporation starts out: "A group of individuals, created by law or under authority of law," so literally, without government there CAN NOT be corporations. Only private companies.
btw, some context about 1913: Britannia ruled the waves, all the european powers had already national banks, and the gold standard was embedded in a system centered around the global reserve currency of the times, the British Pound
The only two national banks that were of the typology of the Federal Reserve proposed and enacted in the US in 1913 were the Banque of France (though less so) and the Bank of England
All european powers regarded their national banks as integral part of their war capabilities. think like giant "war credit cards". the idea was that if Power A attacks Power B while keeping the gold standard in place, then Power B can beat it by dropping from the gold standard and flush the battlefield with soldiers and weapons paid on credit. this is what happened in WWI, on the monetary plane
The Bank of England was still a private bank, owned by the successors of those British merchants and financiers that reorganized the King's debt into a secondary market, centuries before (it was nationalized after WWII, though)
6'000 families based in or around London were the owners of 50% of the assets of the world. Liberalism was at it's peak, with capital, labour, wares and services flowing freely in the British Sphere of Influence, which was one third of the world (the official British Empire) plus another third of the world (the various "open markets", including China)
It was the time of the First Era of Globalization, and the news of the US setting up a central bank was greeted with a yawn. The Panic of 1907 was seen elsewhere as a small hiccup in a badly organized banking system centered on NY, and of marginal interest, globally
Later the FED was instrumental in the NY's bank's funding of the British effort in WWI. this was the moment the US entered the world stage in earnest, first with finance, then with production of armaments, and then with the first serious foreign deployment of troops. All of which would have been impossible without the FED, at least at those levels
From an european perspective, setting up the FED was a "me, too" move, Uncle Sam's request for a place among the Great Powers in a struggle among empires, with a particular choice for liberal empire, as a contender for the British hegemony, despite the help given to Britain. This after the US had successfully grabbed some parts of the Spanish Empire, chiefly Cuba, Panama, the Philippines and an informal hegemonship over the whole New World
Zip forward, and we have the Pax Americana, the sequel to the Pax Britannica.
Some similarities that might strike the eye:
Arabs? "Under the British Residency of the Persian Gulf, local Arab rulers agreed to a number of treaties that formalised Britain’s protection of the region. Britain imposed an anti-piracy treaty, known as the General Treaty of 1820, on all Arab rulers in the region. By signing the Perpetual Maritime Truce of 1853, Arab rulers gave up their right to wage war at sea in return for British protection against external threats."
Free Trade? "Britain traded goods and capital extensively with countries around the world, adopting a free trade policy after 1840. " (While the US was still protectionist, btw)
China? Sea Power? "The Royal Navy prosecuted the First Opium War (1839–1842) and Second Opium War (1856–1860) against Imperial China. The Royal Navy was superior to any other two navies in the world, combined."
Decline? Continental europeans? "The Pax Britannica was weakened by the breakdown of the continental order which had been established by the Congress of Vienna. Relations between the Great Powers of Europe were strained to breaking point by issues such as the decline of the Ottoman Empire, which led to the Crimean War, and later the emergence of new nation states in the form of Italy and Germany after the Franco-Prussian War. Both of these two wars involved Europe's largest states and armies. The industrialisation of Germany, the Empire of Japan, and the United States of America further contributed to the decline of British industrial supremacy following the late 19th century." (in this context, the Congress of Vienna could be seen as the predecessor of the EU, btw)
The Internet? "By 1902, the British Empire was linked together by a network of telegraph cables, the so-called All Red Line."
Cold War? have a look at The Great Game, if you never heard about that
"The only two national banks that were of the typology of the Federal Reserve proposed and enacted in the US in 1913 were the Banque of France (though less so) and the Bank of England"
Both Rothschilds banks. & whereby, the FIRST BANK OF THE UNITED STATES, & THE SECOND BANK OF THE UNITED STATES (both given 20 year charters, the 1st ushered in by Alexander Hamilton & his jewish connections), & the 2nd, after the War of 1812, coincidentally started upon expiry of the charter, started in 1816, and was finally ended by Andrew Jackson ~ whereby there were 2 attempts on his life.
Soon thereafter, the civil war broke out (urged on some may say). As they say, to the victor go the spoils. The 'spoils' in this case were 'carpetbaggers' picking through the ruins of a gutted Southern production bonanza. Lincoln, for his part, got shot in the head because he snubbed the moneylenders and used greenbacks' as currency.
1913 & beyond is almost an afterthought to over 100 years of attempts to get central banking, in America, into the hands of Rothschilds & his minions (of which Warburg was one).
Both Rothschilds banks, yes. But again, one more then the other, and with a different history, afterwards
btw, on continental europe, we had competition, in finance. From Medicis to Fuggers to Lombards (as in Lombard Loans) to monks to even the biggest bank of the time, the Knights Templar
There's Nothing To See Here.
Keep'r Movin'.
SO.... It's either going to be a global slave state brought to you by the people who gave us the Federal Reserve Association, OR all of us who oppose this get organized and do something about it.
At the moment of crisis use what you know about liberty and economy to rebuild in a way that makes it difficult for the parasites to reattach themselves.
I hear dueling worked for Jackson.
There is also shunning and the other forms of capital punishment. The people responsible for this mess are quite depraved. That is why they push this anti-shaming nonsense.
"To build a city at the bottom of the sea - insanity. But where else could we be free of the clutching hand of the parasites? Where else could we build an economy that they would not try to control, a society that they would not try to destroy? It was not impossible to build Rapture at the bottom of the sea...it was impossible to build it anywhere else."
-Andrew Ryan, Bioshock
It's those damned greedy Baptists! Am I right?
Dig up Andrew Jackson, stat.
Looks to me like there should have been a revolution in 1914. Maybe people weren't paying attention or enough of the right people paying attention? Or maybe they snuck it thru at midnight on x-mas eve when no one was watching...
I thought they DID sneak it through. And in 1914, World War I broke out in Europe, which I imagine left a lot of people unsure what to do about anything, and also scared people into supporting the government, as long as it was keeping the USA out of the War.
People are murdered over exposing this. Look into the Lindbergh baby. Lucky's dad, the Minnesota congressman was strongly opposed. It was a twofer. They sent a message to those who oppose and they got to do their child sacrifice thing.
There were also multiple attempts on the life of Louis McFadden, whose speeches re. the FED are kind of like this AMAZING book being read out aloud...
The CHOSENITE OVERREACH needed to reach these extreme levels I suppose before any meaningful reaction to kicked back.
Like they say though, nothing lasts forever but the earth and sky...
All we doooooooooooooooooooo..........
Intereesting times, no doubt...
Its a long list really if you look into it.
Sometimes it seems to me that, throughout human history, prior to every military invasion, there are vocal public opponents, and some of them die, or their children die, and when that happens, opposition to the proposed invasion crumbles.
In 2002, Minnesota Senator Paul Wellstone was running for President. Wellstone had voted in 1991 against funding George Bush's Iraq War. Wellstone had voted in 2002 against funding George "Dubya" Bush's Iraq War. The small plane Wellstone was in crashed and killed him AND his wife AND one of his three children. It seemed to me at that time that, right after Wellstone's death, opposition in the USA Senate to George "Dubya" Bush's Iraq War crumbled.
http://en.wikipedia.org/wiki/Paul_Wellstone
"OR all of us who oppose this get organized and do something about it."
Well that contingent sure as hell isn't gonna be led by the likes of you because you can't even bring yourself to put a finger on the identity of those responsible.
Liesman? Steve Liesman? Surely it must be...
Yes, backed by gold and silver.
Or, alternatively, banks and private citizens could issue scrip backed by anything they wanted.
It's called "Free Banking" and it fucking WORKS.
The mere fact you think "free banking" works is yet another display of your knee buckling stupidity on full display here for 5 years. The Free Banking era from the 1830's to the 1860's was an unmitigated failure, and ANYONE with ANY education of American history would know this. By 1860, there were nearly 10,000 different competing currencies, 99% of which became worthless not long after their creation. They were so risky, they were given the moniker "Wildcat banks" because they had ZERO reliability and stability. Just imagine a nation where all economic activity had to be converted between thousands of different currencies; economic activities within a very small radius might survive for awhile on their own currency, but we don't live in the "Gun Smoke" or "Little House on the Prairie" era anymore. Well, I suppose some of you backwater hillbillies do.
Besides... you want competing currencies? You got it - it's called the fx market. If you don't like the way the dollar is managed, go exchange your dollars for any currency you want. No one is standing in your way... it's a 24 hour market. Go buy some Yuan and bury it under your trailer with all your shiny bones/coins. But the notion that one country could have thousands of competing currencies.... you're still a fucking idiot, Cliff.
This is /sarc right? All markets are dead until the Fed fiat dollar dies.
- Penned by J.P Morgan and Lobbyists of the banking industry.
Bitcoin... backed by nothing, It's called "free banking" and it F@#king works (however Governments of all persuasions, being crooked, hate competition they can't control or own)
",,,advocating we manage the money,,,"
We? Are you a central banker?
Damn bro, did you bring your downvoters with you? Like Pilate, I find no fault with you. I'm sure I will, eventually, but for now I soldier on, perplexed.
No, they were just trying to invent the staircase to hell.
There are ten people and resources to feed only nine. What happens to the tenth and why? O’ Humanity, Why are you running and for what? Is anyone on this planet trying to solve this problem?
See this staircase economy for yourself.
http://just-a-thought-from-thinair.blogspot.com/
Go away
No, they were just trying to invent the staircase to hell.
There are ten people and resources to feed only nine. What happens to the tenth and why? O’ Humanity, Why are you running and for what? Is anyone on this planet trying to solve this problem?
See this staircase economy for yourself.
http://just-a-thought-from-thinair.blogspot.com/
Who is "we"?
Under Jackson, the government didn't "manage the money". There was what they erroneously call "Wildcat Banking", or, more specifically, "Free Banking".
"Vera Smith wrote The Rationale of Central Banking as a doctoral dissertation at the University of London School of Economics under the supervision of Friedrich A. Hayek. She received her Ph.D. degree there in 1935, having enrolled as an undergraduate in 1930. She studied with Hayek, Lionel Robbins, T. E. Gregory, J. R. Hicks, and Dennis Robertson; in 1933-34 she was Hugh Dalton's research assistant. "
http://www.econlib.org/library/LFBooks/SmithV/smvRCB0.html
"You might expect a blog that takes itself so seriously to spell out how the Fed works and what to do about it. But no. Just take any government protections away so the banks & corporations can rape you harder."
You might expect a moron to ask for government protection from banks and other cartels when it is government which purposely creates and fosters those cartels. And you did.
Billy, with all due respect- the bankers run the western governments, if not the whole world. The government are the well-paid slaves of the bankers.
There are a few exceptions, and of those, blackmail with false accusations is the preferred method of control.
Outside that, there are almost always cherished family members that can be threatened with harm.
The people, if you wanna call them that, who run this world are evil beyond your wildest dreams.
Sleep tight!
Government exists solely to give moral cover to the elite class as they herd and shear "the people." There is of course no such thing as "the people." That entity was created as a foil for millions of individuals which would give consent for crimes committed against those individuals. In other words, the "public good" or the "greater good" is the excuse employed for threatening and robbing each and every one of us.
Consent is an important word. Understand is another. Submit and Apply are others the lawyers wish to enslave you with.
You are not a person. A Person is a legal fiction. Are you fictional? I didn't think so.
Congratulations ... it has been some time since I last awarded the Shit All Stupid Award for the one of the dumbest comments on record. But since you've only been around for 11 weeks it seems both fitting in this case and yet totally unsurprising. How convenient.
Hear ye ... Hear ye ... we have another Shit All Stupid Commentor!
Here is your prize ... go buy yourself this book: http://www.amazon.com/The-Creature-Jekyll-Island-Federal/dp/0912986212
Bankers have ALWAYS been Merchants of Death, for all except their own...
<Just take any government protections away so the banks & corporations can rape you harder>
WOW! It is something new that the Banking Mafia including FED are providing government protections so the banks & corporations could not rape US citizens harder. After all, the FED is a private banking monopoly.
The government functions must be limited to
put everything on an open free exchange .... that's the point of an exchange... there's no need for FED or anyone else to set interst rates, the market place is more intelligent than any insitution or individual
and he felt a need to enlighten the same kind of sleeping sheep we at ZH would like to reach every day. but alas, we can only preach to the choir.
All this evil banking empire insanity will eventually be sorted with a revolution, obviously this can not go on forever.
"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks." - Lord Acton
Hardly.
As the first central bank in the US is is a far cry from uncanny. OK, maybe to morons or people who live under a rock or were born yesterday...or any combination of the three.
Unfamiliar with US central banking? Howabout the practices of money over the past millinia. or two.
Ignorance Abounds
I find it odd that Banking institutions still use the 360 Day calendar...
good point ... actual/actual is their preferred method of usury, but actual/360 always comes with the pay off on any '360' based loan now ... makes it easier to skin the uninformed masses.
Nice to see you on the boards every now and then. You are lengendary.
correct me if i'm wrong, but a 'certain' faith/folk abide a lunar calendar with 360 days & 13 months -- and have coincidentally attained to notable prowess in the the banking/usury industry.
as for skinning the uninformed masses, it does not begin nor end with circumcision.
janus
Yeah, but Nostradamus nailed this too.
One thing not mentioned in the article... the Federal Reserve Act was supposedly an answer to the Aldritch Bill. it was going to regulate the banks and put Wall Street in its place...
It's the same absurd nonsense they run now. Today I read that the vote on
'Fast Track' would be a 'nail biter'. Don't know wether to laugh or cry...
A better (non-google based) PDF version, if anyone cares.
https://archive.org/details/usmoneyvscorpora00croz
well, I feel much better knowing they fucked everyone on purpose.
Yep, they say "trickle down" where in reality it's "trickle up (your @$$)"
Props to Alfred Crozier! Nailed it.
The occasional banker still gets nailed today.
Yeah. With a Nail Gun...and generally "self inflicted".
Only when they violate their employers, the Banks, will they be nailed.
Perhaps Banzai in a former life?
I loved Banzai's family foto .... reading Warren Buffet's book .... better than Ramirez .... that day ?
Damn, short 103 years too early!
THE SHINING: KUBRICK'S GOLD STORY film analysis by Rob Ager http://forum.prisonplanet.com/index.php?topic=159655.msg1512588#msg1512588
And yet, it happened anyway. Sort of sets the tone for our descendants servitude, doesn't it?
The one thing we learn from history is that we don't learn from history.
Just like we never learned that lession from the 1930's - Nazi government will never happen in the USA; nevermind the DHS, HLS, Border Patrol, NSA, FEMA, TSA and the militerizied police. It can never happen here, nope never.
I'm against totalitarianism, but I do think the jew needs to go.
Torn. I really am torn between the two.
The two things are not are not mutually exclusive in theory but I see your dilemma. I have had many fruitless discussions with people on this subject - my position being that lt is not the idea of a coming pogrom that gives the usurers nightmares (pogroms actually strengthen their gene pool) but the idea that Europeans will collectively awaken and peacefully distance themselves from all forms of Jewish corruption - from Television to processed food, from Borrowing fiat currency at interest to voting in sham democracies from mindless consumurism to ... well you get my drift.
Will it happen? No, not yet but the coming shitstorm will throw everything up in the air and there will be an opportunity for a more wholesome way of life to develop.
I do think more and more people are becoming aware. The Saxon is awakening and his wrath will be immense. Do I think your idea of non-participation will work? Yes. It may also give us the moral high ground and they will not have any murder weapons or mass graves to point at in order to claim their Special Victim Status, which is oh-so coveted in the Western World.
Non-Participation may work just as it did in the Pale of Settlement where the parasites were not able to extort anyone due to a sparse population and the frugality and semi-transience of various local ethnic groups. The locals just didn't buy into the Hebrew system the way Western Europeans, particularly the monarchs and landowning classes did, partly out of necessity, and partly out of a lack of trust and a peasant's penchant to shy away from all forms of tomfoolery.
Special Victim Status only works within a fiat currency(FED RES system). It's a tool to extract more booty from the Treasury. It won't be 'worth a Continental' if/when the dollar crashes.
They've been playing the tune far, far too long. 6 million Jews myth, 1915-1938, before the one we were all told about.
http://www.youtube.com/watch?v=Dda-0Q_XUhk
The Jews are an exceptionally able and talented people with the potential to greatly enrich any society. Unfortunately they seem incapable of having their 'fair share' but work ruthlessly and relentlessly to control all business, banking, media and academia, shamelessly favoring their own, until the goyim finally explode in resentment. With prodictable results for the Jews.
This has been going on non-stop, throughout the world, for more than 2,000 years. But they never learn.
It would be great for everyone, not least Jews themselves, were they to become like another cognitive elite, the Parsis.
Sinclair Lewis 1885-1951
you can certainly repeat that
He just did. It was Hegel who originally coined this aphorism.
How true. The old addage of those who ignore history are doomed to repeat it does not exist in the market. They all must have short term memory loss.
Um. I'll point out all you have to do is look at Europe, where central banks have existed for centuries to see the results. You didn't have to be a genius.
joint resolution:
1. the assets and liabilities of the Federal Feserve and its agencies are hereby transferred to the Treasury.
2. the Federal Feserve and its agencies are hereby abolished.
3. And all of the governors and regulators are perp-walked to stocks set up on the mall.
Don't interfere in any way with the Gay - Lesbian pride march.
-- Mall Cop
http://en.wikipedia.org/wiki/List_of_law_enforcement_agencies_in_the_Dis...
Incredible
ZH reincarnated
Preincarnated.
Trust is a facade for stupidity. There is no good king. There is no good banker. There is no free Central Bank. Power corrupts. Money corrupts. Government corrupts.
Government is the system by which "the people" attempt to protect themselves from theft and violence by granting an elite class the exclusive right to use violence against them.
Mr. Crozier was clearly a conspiracy theorist.
Nutty as Ron Paul. And obviously a racist too.
RACIST! Ooooh! Hiss! Boo! Hate!
He was a Right-Wing TERRORIST! That's what he was...
Incorrect, if you look at his writings he can be described as being a hybrid of OWS and Ron Paul.
1. A cutting, often ironic remark intended to express contempt or ridicule. 2. A form of wit characterized by the use of such remarks: detected a hint of sarcasm in his voice. [Late Latin sarcasmus, from Greek sarkasmos, from sarkazein, to bite the lips in rage, from sarx, sark-, flesh.] http://www.thefreedictionary.com/sarcasm
I know what you wrote was intended as sarcasm.
My point being that his writing would today, most likely be labeled as radical, pinko left wing homo hippie writing, not as right wing.
Woodrow Wilson, the leader of the Progressive Movement, had to be the biggest idiot in the list of US presidents.
The first academic and perhaps the only academic to hold the office until Barry.
Barry was an academic? How do we know that? All his academic records are under lock and key. ANd he must be one hell of an academic if he thinks he reigns over 57 States and that Austrian is a language.
Sounds more than qualified.
Read up on how Woody Wilson signed the Fed into law. He came from Princeton which at the time was a devinical school so the image he rode to office on was squeaky clean. The Banksters got the goods on him as a pedophile and told him sign or they spill the beans. Banksters probably supplied the victim(s). Its how they roll.
Corruption?? Bah! They couldn't even spell corruption in the early 1900's compared to what goes on now.
He probably 'got it' from the get-go, but sold the country out anyway...
Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson
http://www.themoneymasters.com/the-money-masters/famous-quotations-on-banking/
Normalcy - Blackmail. Its how the mafia running things does business.
Why do you think the congress critters all jump to their feet to give Netanyahoo the standing-o?
Dennis Hastert must have sat down too quickly.
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson, after signing the Federal Reserve into existence
Bizarro: Canned Jalapeno Chiles .... no preservatives used !
The outcome was totally 100% predictable even before the Fed was created.
"None of this was rocket science."
Tiny groups of intellectuals had always been aware of that tragic trajectory, but they could never do anything effective to stop it from happening anyway. Although the groups of knowledgeable people are far greater now, they still can do nothing effective to prevent the established systems of ENFORCED FRAUDS DOUBLING DOWN!
The ONLY thing that has change is the exponential growth of the systems where governments ENFORCED FRAUDS by privately controlled banks have reached the levels of FLABBERGASTING DOUBLINGS! The successful application of the methods of organized crime to capture control over the powers of governments, and thereby to effectively private those powers, to be directed by the MONEY TRUST, indeed was "totally 100% predictable even before the Fed was created."
The problem is that nobody who becomes aware of that happening can do anything effective to prevent the applications of the methods of organized crime, such as bribery, intimidation and assassination, from continuing to work. The MONEY TRUST were the biggest gangsters, the banksters, who were able to apply the methods of organized crime to capture control over the public "money" supply, and then leverage that up to take more and more control over everything else.
Being able to predict the consequences of things like American becoming the victim of a home invasion is not difficult. However, being able to actually do anything to stop that from happening anyway was always practically impossible, and still is today. The established monetary system has become like a metastasized cancer that is killing its host. That has become much, much worse in the last Century of so ...
The only thing that was NOT predictable was the real progress in physical science, that has enabled the banksters to create globalized systems of electronic monkey money frauds, backed by the threat of force from weapons of mass destruction, in order to be able to amplify the systems of ENFORCED FRAUDS TO ASTRONOMICAL SIZES, MANY ORDERS OF MAGNITUDE GREATER THAN EVER BEFORE IN HUMAN HISTORY.
The tragic trajectory establishing systems of government ENFORCED FRAUDS by privately controlled banks was patently obvious to a few intellectuals long ago ... However, nobody imagined that would become runaway criminal insanities of the EXISTING MAGNITUDES. The ONLY things that happened during the last Century of so has been that things have gotten worse, faster, at an exponential rate, and are still doing that!
NOBODY CAN PREDICT WHAT THE FULL CONSEQUENCES OF THAT MAY BE ... But nevertheless, the same basic mechanisms continue to drive everything, which are the applications of the methods of organized crime, to control civilization through being able to back up lies with violence. The deeper problems are the reason how and why human civilizations end up being so totally controlled by the principles and methods of organized crime that there is nothing left in the public spaces which is significant than controlled opposition groups which provide layers surrounding the central core of organized crime in ways which continue to make it become political impossible to prevent that from continuing to automatically get worse, faster ...
There are no practical ways to prevent human civilization from continuing to be controlled by the principles and methods of organized crime, due to the degree to which the only significant opposition to that is controlled to promote bogus "solutions" based on the same old-fashioned false fundamental dichotomies and impossible ideals, which actually continue to cause the opposite to happen in the real world, because, after all, those groups ARE "controlled opposition."
Unless there emerged some series of political miracles, whereby some genuine opposition could become significant, without ending up becoming once again controlled opposition, then nothing else can actually happen than the continued runaway criminal insanities of society controlled by organized crime, in ways which the biggest gangsters, the banksters, are able to continue to get away with dominating everything in ways that are able to present themselves as being the "good guys."
My conclusions have become that our society is terminally sick and insane. There is nothing that can stop its MAD Money As Debt system from MADLY destroying itself. It is impossible to have any relatively rational political debates in the public spaces about these topics. Instead, it is only possible for the irreconcilable social polarizations to get worse, faster, until those are trumped by the irreparable destruction of the natural world, all of which is being driven into overdrive by the debt engines set up by the MONEY TRUST, as the result of civilization being "controlled" by fundamental fraudulent financial accounting systems.
It is surely correct to assert that it was "totally 100% predictable even before the Fed was created" that the American democratic republic and its rule of law would be destroyed by the legalization of private banks being able to counterfeit the public "money" supply ... HOWEVER, nobody was fully able to imagine what would eventually manifest as the full effects of the exponential growth of ENFORCING FRAUDS ...
NOBODY can completely comprehend what the consequences of developing globalized systems of electronic monkey money frauds, backed by the threat of force from apes with atomic bombs ... But nevertheless, my expectations have become that will eventually result in the human species committing collective suicide. I wish that I could come to some better conclusions, however, I am not aware of any effective opposition to the established systems, since there is almost nothing but organized crime, surrounded by controlled opposition, while that controlled opposition is just as much a part of the problem as the core of organized crime.
The only realistic resolutions would require admitting and addressing how and why civilization is controlled by systems of backing up lies with violence, which have become the political economy based upon ENFORCED FRAUDS. As far as I can tell, there is almost nothing like that which appears anywhere, to any significant degree, and certainly not on Zero Hedge!
The deeper problems are not merely to understand the superficial ways that the established financial systems are based upon ENFORCING FRAUDS, the deeper problems are how to deal with that directly on its own terms. The only way that there could be better government is that would have to be based on better organized crime. Otherwise, the ways that organized crime is now able to control civilization why mostly remaining hidden will surely continue, and so, get worse, faster, at an exponential rate.
There has always been small groups of intellectuals providing penetrating analysis of the problems, and that continues to be the case on Zero Hedge. What there has never been, and perhaps can never be, is some better organized crime, which is the only real way that things could actually be changed. That barely exists at the present time, and certainly in no publicly significant ways. Rather, the only things that significantly exist are various controlled opposition groups, which are based on the same bullshit that the banksters originally promoted, because those groups ARE CONTROLLED. That problem makes any practical political resolutions of the real problems appear to be impossible. I REPEAT what the deeper problem actually is:
The vast majority are "controlled opposition."
"The absolute best controlled opposition is
one that doesn't know they are controlled."
The ONLY things that actually exist are the dynamic equilibria between different systems of organized lies operating robberies. Those system have become extremely unbalanced due to the ways that governments ENFORCE FRAUDS by privately controlled banks. Those systems' only publicly significant "opposition" is controlled to promote bogus, bullshit "solutions," that are impossible to ever actually implement. Meanwhile, there is barely any other real opposition that exists, to enable rebalancing of the dynamic equilibria between the different systems of organized lies operating robberies, because of the ways that about the only "opposition" is controlled to stay inside of the bullshit that the banksters originally promoted ...
In my view, there are more and more intellectuals who are beginning to understand the basic nature of the problems of the economy being controlled by ENFORCED FRAUDS. However, there is still virtually nobody who goes through enough deeper analysis of that problem enough to then arrive at realistic resolutions of those problems, which are consistent with that deeper analysis. Moreover, it is practically impossible to imagine any ways that could actually happen, given the degree to which the banksters can surely continue to effectively control their opposition, as they already do today.
No one can get stoned enough to read this garbage. Just destroy a bag of cheetohs and watch Comedy Central.
Clearly, your brain's electrical activity has flatlined.
I am now very depressed.
So it is not a great mystery at all. ZH delivers again!
They're all good, but the torch of Liberty and the Financial Bubble Factory are my favorites.
Yes, the lamp of Liberty has been extinguished for the sake of the Elite's financial bubble factory.
My favourite is the cartoon featuring Andrew Jackson, who was almost miraculously able to survive the attempts that the banksters made to assassinate him, in order to survive to "Kill the Bank." Unfortunately, it takes that kind of miracle to not become the victim of the biggest gangsters, applying the methods of organized crime to dominate the political processes.
In the longer term, the "bad guys" tend to win, and so, the banksters have prevailed to the degree that they are able to get away with presenting themselves in public as being the "good guys." I see no politically feasible solutions to those problems unless enough of the people could sort those paradoxes out. However, by definition, that would take a prodigious series of political miracles.
https://www.youtube.com/watch?v=Lin-a2lTelg
Everybody knows - Leonard Cohen... Nobody knows how to actually organize better crime, in order to actually have better government. However, there is no doubt that is the only realistic solution to the real problem.
God forbid we should ever be 20. years without such a rebellion. * --Jefferson
*This sentence has possibly been misquoted as "every generation needs a new revolution."
Either way he was probably right.
So The Tribe never learns. Arrogant Cunts. Kick them the fuck out into Space.
I you look closely at Crozier's drawings and statetments there are several points of interest that are different than the current anti banskter movement. In Crozier's time:
1. Uncle Sam and the U.S. government are seen in a positive light.
2. Uncle Sam and the U.S. government are seen as being starved by the bankster cartel.
3. Uncle Sam and the U.S. govenrment are seen as the protectors of the people.
In contrast, the current anti-bankster movement has a very negative view of the U.S. government, Uncle Sam and sometimes the U.S. constitution.
Why the change? I am not sure, but I think it is because the U.S. govt and uncle Sam are currently vassals to, and have been for a long time controlled by the Central Bank/Wall Street banksters that Crozier attacked.
At the time Crozier wrote his tract, the bankster had not yet acquired, owned and destroyed the U.S. constitution and the government. He wrote in a time where the America of Old Hickory was still somewhat alive.
Unfortunately, Andrew Jacksons America died in 1913.
Unfortunately and sadly, we now subconsciously realize that our government and our Uncle Sam are owned by the banksters and that they exist to extract monies from us and to make us their slaves.
Turned out that Uncle Sam was really Dennis Hastert. It's the sort of thing that once you've seen it you can't unsee it.
Billy - the fact that they had something so seedy and despicable on Hastert is what made him perfect for such a high position of power and influence. Now consider what they have on the rest of the low-lifes trolling the halls of power.
Quite likely.
My thoughts on Hastert is that he had something he was about to spill the beans on something bigso the bankster cabal decided to let his skeletons out of the closet. Now his only choice will be to keep his mouth shut since he will have zero credibility in the MSM with the pedophile label.
Government is the legalized use of force and it doesn't much matter who controls it.
It is a sad reflection on mankind that we only learn from our mistakes. And even that's not always the case.
Those who are wise and can see the flaws in some new swanky idea are treated as outcasts.
Schopehauer put it well:
"All truth passes through three stages.
First, it is ridiculed, second it is violently opposed,
and third, it is accepted as self-evident"
(Arthur Schopenhauer)