[CTRL] THE MONEY POWERS
from:alt.conspiracy As, always, Caveat Lector Om K - Click Here: A HREF="aol://5863:126/alt.conspiracy:619788"THE MONEY POWERS/A - Subject: THE MONEY POWERS From: A HREF="mailto:[EMAIL PROTECTED] "[EMAIL PROTECTED] /A (Marsetco) Date: Wed, Jun 7, 2000 3:03 AM Message-id: [EMAIL PROTECTED] The Money Powers " I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands, and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war." ---Abraham Lincoln - In a letter written to William Elkin less than five months before he was assassinated. "The money power preys on the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes." ---Abraham Lincoln "A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the Nation 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 world - no longer a Government of free opinion no longer a Government by conviction and vote of the majority, but a Government by the opinion and duress of small groups of dominant men..." "Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the U.S., in the field of commerce and manufacturing, 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." ---Woodrow Wilson - In The New Freedom (1913) "The fact is that there is a serious danger of this country becoming a pluto-democracy; that is, a sham republic with the real government in the hands of a small clique of enormously wealth men, who speak through their money, and whose influence, even today, radiates to every corner of the United States." ---William McAdoo - President Wilson's national campaign vice-chairman, wrote in Crowded Years (1974) "If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." ---Thomas Jefferson "The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction... I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity... is but swindling futurity on a large scale." ---Thomas Jefferson "I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs." ---Thomas Jefferson "... To take a single step beyond the boundaries thus specially drawn around the powers of Congress is to take possession of a boundless field of power, no longer susceptible of any definition. The incorporation of a bank, and the powers assumed by this bill [chartering the first Bank of the United States], have not, been delegated to the United States by the Constitution." ---Thomas Jefferson - in opposition to the chartering of the first Bank of the United States (1791). "We have stricken the (slave) shackles from four million human beings and brought all laborers to a common level not so much by the elevation of former slaves as by practically reducing the whole working population, white and black, to a condition of serfdom. While boasting of our noble deeds, we are careful to conceal the ugly fact that by an iniquitous money system we have nationalized a system of oppression which,though more refined, is not less cruel than the old system of chattel slavery." ---Horace Greeley - (1811-1872) founder of the New York
[CTRL] [1] Money Powers of Europe in the 19th and 20th Centuries
-Caveat Lector- A HREF="http://www.ctrl.org/" /A -Cui Bono?- An excerpt from: Money Powers of Europe in the 19th and 20th Centuries Paul H. Emden - 1938 D. Appleton-Century Company, Incorporated New York London 428 pps. First Edition Out-of-print - MONEY POWERS OF EUROPE FINANCING THE NAPOLEONIC WARS "IT will be a short war and certainly ended in two or three campaigns," Pitt said, shewing thereby that he did not correctly appreciate the situation; Burke's prophecy, "It will be a long and dangerous war," was truer, as for two and twenty years, from 1793, war had been waged almost unceasingly on land and water against an enemy whose name was first the French Revolution and subsequently Bonaparte (in addition to which there had been from 1812 to 1814 the conflict with the United States). At last, on the 18th of June, 1815, Wellington had finally broken the power of Napoleon, the most powerful enemy England had yet known. Side by side with the war proper was organised a commercial struggle on a large scale. The blockade was exceedingly well calculated and directed at the very point where England was most vulnerable; Napoleon's intention was to exclude her from the European market, to destroy her credit, and by means of a social revolution to break up the State from withinattack was trained on the gold reserve of the Bank of England. Before mobilizing his enormous forces he had most carefully studied the foundations of British finance and commerce, and yet he made a grave mistake-perhaps his gravest-and his scheme miscarried utterly. The important question in a campaign is not who wins most often, but who wins last, and so England emerged triumphant. But before matters had proceeded thus far, the country had been compelled to accomplish in financial affairs deeds no less heroic than those performed on the battle-field and by the Fleet. It is true that the ease with which the gigantic burden was borne excited the admiration and envy of all Europe, but the results were not achieved quite so simply as appearances led onlookers to believe, and there were times when England's sufferings were almost overwhelming. The huge cost of the war, the enormous sums which had to be found for interest on the rapidly growing National Debt and the payment of subsidies to Foreign Allies, could not be met without the utmost exertions on the part of the working section of the population. From 1805 the country had to raise in taxes and for interest on loans never less and often more than a hundred million a year, and in 1813 the amount even rose to C'76,346,023 -a burden almost unthinkable for a country whose inhabitants then numbered under twenty million. Recourse was had to every kind of financial acrobatics in order to find the most urgently needed funds, and not infrequently it became necessary to resort to the youthful Sinking Fund. Everyone had to work much harder than ever before; by this means industrial production was increased, and as the British Fleet was the undisputed mistress of the seas, it was possible to extend markets farther and farther. By the introduction of power looms into the woollen and cotton mills, by the use of steam-driven machinery, technicians had rendered outstanding services, thanks to which it was possible to produce more efficiently. Nor did the whole of the amount raised by taxation and loans go up in the smoke of gunpowder, for vast sums were employed in industrial labour. Furthermore, in order to wage war Europe had to have money, and there was only one country which could supply it-England: the strongest of the powers allied against Napoleon was the power of British finance. But this country was very wise; she did not lend, she gave, and in place of loans granted subsidiesa much simpler transaction, which at the same time eliminated possible disappointments; and the very cautious Pitt paid his subsidies for the most part not in cash but in ammunition, clothing and other equipment. In this way, by a fortunate combination of prudence and luck, England managed to survive the war, Napoleon's blockade scheme and her own financial difficulties. But peace did not bring plenty; it sobered and disillusioned, and much wringing of hands accompanied the complaint that "a transition from a state of extensive warfare to a system of peace has occasioned a stagnation of employment and a revulsion of trade." With the cessation of hostilities the huge orders for military supplies dropped off, the armies were no longer vast consumers of the increased agricultural produce. The merchants who up to now had been able without fear of competition to dispose of all their goods of every kind both at home and abroad, suddenly found themselves with enormous stocks on their hands of which for the time being they could not dispose, and as the purchasing power of the Continental nations had decreased very considerably, it was impossible in the near future to count on them as potential buyers. At the
