The Beginning of Our Ruin!
“All the perplexities, confusion and distresses
in America arise not from defects in the
constitution or confederation, nor from want
of honor or virtue, as much as downright
ignorance of the nature of coin, credit, and
- John Adams in a letter to Thomas Jefferson.
At the beginning of the 1900s, the American economy had grown so dynamic that the International Bankers were having great difficulty in maintaining control of its development. Their power and authority was being challenged. Some way had to be found to consolidate their position and to ensure that their power would never be taken from them. They decided that the way was the establishment of a Central Bank, owned and operated by themselves. It should be noted that for more than two hundred years, these International Banking families had dominated the European scene after they had succeeded in establishing the Bank of England and other Central Banks in Germany, France, Italy and Switzerland. Since the coup of coups in 1815, when they literally bought control of England for a couple of cents on the dollar, the Rothschilds dominated the banking scene (Rothschilds, A Family Portrait, by Frederic Morton). All their efforts to foist a permanent Central Bank on the United States had met with failure. Our Constitution gave the Congress alone the authority to coin money, [and] regulate the value thereof.
Using the CREATED panic of 1907 as an example of America’s great need for a centralized banking authority, a vast propaganda campaign was launched to sell the idea to the American public. The Federal Reserve System [a Central Bank] came into being when the Federal Reserve Act passed the House of Representatives and the Senate late in December, 1913. Under the Act, the private bankers were granted the privilege of creating money OUT OF NOTHING and loaning it to the U.S. Government AT INTEREST!!! The way had now been prepared for the looting of the American nation by the International vultures. Colonel House Around this time, the mysterious Colonel Edward Mandell House came to the fore on the political scene. He was a front for the Internationalists. President Woodrow Wilson said: Mr. House is my second personality. He is my independent self. His thoughts and mine are one. If I were in his place, I would do just as he suggested (Intimate Papers of Colonel House, edited by Charles Seymour, Vol. 1, p. 114).