Bankers Caught Planning a Depression!

American Bankers Association memo, 1891

"We are authorizing our member banks from the Western States to loan on properties, monies repayable by September 1st, 1894. On Sept, 1, 1894, we will not renew our loans under any consideration.

On Sept. 1st we will demand our money. We will foreclose and become mortgagees in possession. We can take two-thirds of the farms west of the Mississippi, and thousands of them east of the Mississippi as well, at our own price... We may as well own three-fourths of the farms of the West and the money of the country. Then the farmers will become tenants as in England ..." -- 1891, American Bankers Association, as printed in the Congressional Record of the United States April 29, 1913

There's More:

As seen above, banksters have actually been caught boasting about their abilities to cause recessions and depressions and how they can steal property from borrower-citizens. This criminal racketeering has been going on for generations and is embodied today by the depredations of the privately owned US Federal Reserve Bank.

The private issuance of a nation’s money has given tremendous power to central bankers, a power so great that even democratically elected governments are subservient to them as the US government is today. The US Government is not in control of the economy; it is the all-powerful Federal Reserve Bank who create the money, determine interest rates, and decide who gets loans and who doesn’t. Republican Ron Paul says the Fed is more powerful than Congress and the President has no control over the Fed.

Thomas Jefferson, keenly aware of the dictatorial power of private central banks, was instrumental in having Congress decline to renew of the charter of the First Bank of the United States in 1811.

The Super Rich banker, Nathan Rothschild, operating from London in 1811, threatened the young United States with war and financial disaster if the bank’s charter were not renewed. The charter was not renewed and, sure enough, the United States soon found itself embroiled in the War of 1812, with all its attendant loss of life and financial difficulties.

Such is the alarming supremacy of rapacious international banksters. In fact, Nathan's father, the founder and patriarch of the Rothschild financial dynasty, said, "I care not who makes the laws of a nation, as long as I issue and control its money!" To this day, the Rothchilds continue to dominate the central banks of the world, including an ownership interest in the US Federal Reserve Bank.

Getting back to our history, to restore financial normality, President Madison granted a 20 year charter to a new central bank in 1816, the privately owned Second Bank of the United States. But then, in 1828, along came another president who shared Jefferson’s great distrust and opprobrium for central banks and banksters, one Andrew Jackson, a former army general known affectionately as ‘Old Hickory’, a national hero of the War of 1812.

Jackson refused to renew the charter of the Second Bank of the United States, even vetoing Congress who had approved its renewal. Nicholas Biddle, president of the bank, threatened Jackson that he would inflict a recession on the country if the president did not lift his veto on the charter renewal. Jackson still refused. Biddle, true to his word, called in bank loans and refused to issue new loans. The supply of money in the United States shrank dramatically, precipitating a recession.

Soon, Biddle’s engineered recession enveloped the whole country. Businesses failed and unemployment rose. But ‘Old Hickory’ would not surrender to the banksters, even after a would-be assassin, an Englishman called Richard Lawrence, attempted to murder him in January, 1835.

Both the assassin’s pistols misfired and legend has it that ‘Old Hickory’ then proceeded to thrash the man with his cane until restrained by his own aides. Jackson himself blamed the Rothschilds for the attempt on his life. In any case, the determined Jackson prevailed over the bank and its charter wasn’t renewed; it would be some 77 years before the central banksters could finagle another privately controlled central bank with the establishment of the Federal Reserve in 1913.

Later, in 1934, elements connected to the Federal Reserve had Congressman and Chairman of the Congressional Committee, Louis T. McFadden, (R-Pa) assassinated for his fierce and unyielding opposition to the Fed. He called the Fed, “one 
of 
the 
most 
corrupt
 institutions 
the 
world 
has 
ever 
known,” In 1933, McFadden introduced House Resolution No. 158, Articles of Impeachment for the Feds Board of Governors, the 12 Regional Federal Reserve Presidents among others. McFadden was a former bank president and knew how the rigged game was played.

"Whosoever controls the volume of money in any country is absolute master of all industry and commerce in that country. And when you realize that the entire system is very easily controlled one way or another by a very few powerful men at the top, you will not have to be told how periods of inflation and depression originate. President James Garfield, Assasinated, July 2, 1881
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For details on the formation and ownership of the Fed and the banker's plans to reduce American Citizens to serfs or peons, see Edward Griffin's "The Creature From Jekyl Island"