When one reads the writings of the elite themselves, one is often surprised by how remarkably straightforward they can be about their plans. These works tend to be rather dry reading for the average person and are generally not intended for anyone other than the elitists and their subordinates. For those of us who study politics behind the scenes, however, they are worth their weight in gold, as they sometimes provide some of the clearest evidence that a relatively small group of power-hungry and greedy elites has governed—and continues to govern—the world.
In his 1913 book The New Freedom, President Woodrow Wilson wrote a number of interesting observations about politics, economics, and society. He also spoke candidly about who really held power, and it was certainly not the elected politicians. This may seem ironic, considering that Wilson himself was the president who, on December 23 of that same year, signed the Federal Reserve Act, which would later become one of the elite’s most important tools in their exploitation of the world’s people.
Let us now take a closer look at some of the revelations Wilson made in The New Freedom. In the very first chapter, he states:
”Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive that they had better not speak above their breath when they speak in condemnation of it.”
He further wrote:
”Our government has, in recent years, come to be controlled by the special interests of leading and allied corporations.”
In Chapter Two, Wilson explained:
”The system established by our legislation does not work, or at least cannot be relied upon, because it has been constructed so that it can operate only at an unreasonable cost in labor and suffering. The government, which was designed for the people, has fallen into the hands of political bosses and the interests they serve. An invisible empire has been set up above democracy.”
In Chapter Three, Wilson wrote that the rulers of the United States government were an alliance of powerful capitalists. In Chapter Nine, he discussed the many established monopolies in the United States and then delivered the following striking statement:
”We have come to be one of the worst governed, one of the most completely controlled and dominated governments in the civilized world—no longer a government by free opinion, by individual conviction, and by the vote of the majority, but a government by the opinion and duress of small groups of dominant men.”
[http://www.gutenberg.org/files/14811/14811-h/14811-h.htm#II]
In February 1917, Democratic politician Oscar Callaway wrote in The Congressional Record regarding the elite’s control of the press:
”In March 1915, J.P. Morgan gathered together twelve high-ranking men from the newspaper industry and employed them to select the most influential newspapers in the United States in order to control the policies that would be presented in the daily press. The editor of each newspaper was to supervise and edit information relating to financial policy, military affairs, and other matters of national and international importance.”
And further:
”That policy also included suppressing anything that stood in opposition to the interests they served.”
After Lenin and his associates had taken power in Russia, President Wilson’s closest adviser, Colonel House—a member of the American branch of the Milner Group—telegraphed the President that statements had appeared in American newspapers suggesting that Russia should be treated as an enemy, and that it was of the utmost importance that such criticism be silenced.
This may seem strange, considering that one of the stated goals of communism is to destroy capitalism. However, it becomes entirely logical when one realizes that the communists were financed and helped into power by major capitalists in the West, and that these same capitalists subsequently supplied them with industrial and military technology throughout the twentieth century—a claim that Professor Antony Sutton argued and documented in his book The Best Enemy Money Can Buy:
[http://www.reformed-theology.org/html/books/best_enemy/index.html]
The point, of course, was to control both sides and, through a dialectical system, create conflicts that could be exploited for profit, while also making it easier to exercise power and manipulate people. Fear makes people more controllable, allowing them to be guided in ways that serve the interests of the elite. For the elite, power is always the primary objective, while money is the means by which those objectives are achieved.
Few things are more profitable for bankers than war, and nothing facilitates drastic social transformation more effectively than the trauma that war brings. This idea was by no means new and had been applied before; the difference was that during the twentieth century the consequences would become more grotesque than ever before in world history.
The Federal Reserve Bank was not federal, nor did it possess reserves in the conventional sense. The system was based on the government obtaining money from the Federal Reserve, which in turn received government bonds. As collateral, income tax was imposed on citizens. When people needed money, they went to the banks, which then lent out money they did not actually possess and charged interest on it—in other words, the same system that exists today.
Josiah Stamp, former director of the Bank of England, put it bluntly in a speech at the University of Texas in 1920:
”The modern banking system manufactures money out of nothing. The process is perhaps the most astonishing sleight of hand ever invented. The bankers own the earth. If you wish to remain their slaves and pay the cost of your own slavery, then let them continue to create money and control credit.”
Professor Quigley revealed that by 1915 the Milner Group already had Round Table groups operating in seven countries, including Australia, Canada, and the United States, where the propagandist Walter Lippmann, like House, played an important role. During the Paris Peace Conference of 1919, where Britain’s delegation was dominated by Milner’s associates and the American delegation by J.P. Morgan’s representatives, plans were also drawn up for the Royal Institute of International Affairs.
This organization served as the legitimate public front of the Round Table movement and was directed by a small group that developed propaganda methods for promoting its ideas. Leading intellectuals were influenced through the Round Table groups, while broader audiences were reached through the Royal Institute of International Affairs. The principal architect behind the project was the imperialist and professor Lionel Curtis, who later assumed leadership following Milner’s death six years later.
In 1921, the American counterpart to the Royal Institute of International Affairs, the Council on Foreign Relations, was established. According to the author, these organizations remain the real centers of power in Britain and the United States to this day.
In 1925, then-Chancellor of the Exchequer Winston Churchill and Bank of England Governor Montagu Norman decided that Britain would return to the gold standard. In the spring of 1927, Norman traveled to the United States with his close friend, the German central banker and Hitler admirer Hjalmar Schacht, for a meeting with Benjamin Strong, head of the Federal Reserve Bank.
They agreed that the United States should lower interest rates and expand lending, and the Federal Reserve Bank of New York subsequently reduced its discount rate. Officially, the rationale was that lower interest rates would encourage borrowing, increase the money supply, and facilitate European exports to the United States.
The result was a period of frenzied stock-market speculation during 1927–1928. Rising share prices attracted millions of Americans to invest, and the strong demand drove both stock prices and expectations ever higher. Small investors, companies, and banks committed increasing amounts of capital and borrowed at high interest rates to finance their investments.
Interest payments and preferred-stock dividends absorbed part of the profits in the final company within the corporate chain, while the remainder flowed back through successive layers to the holding company, generating substantial dividends for shareholders.
The system functioned only as long as the last company in the chain could continue producing strong returns. Once profits declined at the bottom of the structure, bond interest and preferred-stock obligations consumed all earnings. On October 21, 1929, a total of 6,091,870 shares were traded on the stock exchange, and the bubble was nearing its breaking point because there was no longer enough money to sustain the system, as the Federal Reserve had reduced the money supply by one-third.
A wave of panic selling began on October 24, when 12,894,650 shares changed hands, and one week later the crash came. Millions of Americans were ruined and lost their homes and livelihoods.
The well-informed financial magnates, however, emerged largely unscathed. (See Ellen Brown’s Web of Debt).
Herbert Hoover, President of the United States from 1929 to 1933, revealed that Adolph Miller, a member of the Federal Reserve Board, had told him that Benjamin Strong and his allies in Europe had already, in 1925, ”planned more of the ’easy-money policy,'” which included manipulation of the discount rate, open-market operations, and further inflation.
In the book My Exploited Father-in-Law, Roosevelt’s son-in-law, stockbroker Curtis B. Dall, wrote that:
”It was the calculated fleecing of the public that the world’s money elite had set in motion through the planned shortage of loan capital in the New York market.”
Even the Nobel Prize-winning economist Milton Friedman acknowledged in a radio interview in January 1996:
”It was definitely the Federal Reserve that caused the Great Depression by reducing the quantity of money by one-third between 1929 and 1933.”
In 1930, the Bank for International Settlements was established by bankers in the United States and Europe to facilitate the financing of Hitler, according to the author. Professor Jacques Pauwels argued in the article ”Profits über Alles: American Corporations and Hitler” that twenty of the largest companies in the United States maintained German connections throughout the 1930s. Among them were Ford, Standard Oil, Gillette, Singer, IBM, General Electric, J.P. Morgan, Chase, Barclays, and Union Bank.
In Wall Street and the Rise of Hitler, Professor Sutton showed how bankers and corporations invested money in Germany and that some even continued doing business with the Nazis after the war had begun.
[http://www.reformed-theology.org/html/books/wall_street/]
Professor Charles Higham’s Trading with the Enemy, like Sutton’s works, was based on documents from the U.S. National Archives and also purported to demonstrate how the elite in the West financed Hitler.
After helping fanatics such as Lenin, Stalin, and Hitler come to power, it was now time for the oligarchs to assist the greatest mass murderer of them all.
Michael Delavante, How the Oligarchs Deceive the Masses – Part 8
Also read part 1, part 2, part 3, part 4, part 5, part 6 and part 7
