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"

Taking Worthless Securites from Banks and Putting Them on the Backs of American Workers!

"...moving that heavy load of dubious and worthless paper --out of the banks and putting it on the back of American labor.

That is what the Reconstruction Finance Corporation is doing now. They talk about loans to banks... but they say very little about that other business of theirs which consists in relieving the swindlers who promoted investment trusts in this country and dumped worthless foreign securities into them and then resold that mess of pottage to American investors under cover of their own corporate titles.

The Reconstruction Finance Corporation is taking over those worthless securities from those investment trusts with United States Treasury money at the expense of the American taxpayer and the wage earner."

These excerpts are from Congressional testimony by Congressman Louis T. McFadden during the the First Great Depression. Has sort of a familiar ring to it, doesn't it? Make certain substitutions, such as mortgage derivatives instead of "investment trusts, " and mortgage securities for "foreign securities" and you realize that this has happened before!

The Federal Reserve Bank was neck deep in producing the First Great Depression and it and its minions are equally involved in this evolving, 2nd Great Depression! Substitute the Reconstruction Finance Corporation for the "Bad Bank" being dredged up by Wall st and you will see they want to do the same thing this time that they did last.

Ron Paul Calls for End of Federal Reserve Bank!

Ron Paul, Texas Congressman, Calls for abolishing the Federal Reserve Bank!

"Madame Speaker, I rise to introduce legislation to restore financial stability to America's economy by abolishing the Federal Reserve. Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy."

You can read the rest of Paul's statement before Congress here:
http://news.goldseek.com/RonPaul/1233818100.php

Apparently, the news was not significant enough to be carried on the Main Stream Media.

This is Explosive! The last Congressman who called for the end of the Federal Reserve, after 3 attempts, was killed! His name is Louis T. McFadden, a Republican from Pennsylvania. He was actually not only a Congressman, he was also the Chairman House Banking and Currency Committee.

You can read his 25 minute Congressional tirade against the Fed in the Congressional Record, pages 12595-12603 or Google it.

As you have seen throughout my writings on this Blog and elsewhere, The Fed, which is as Federal as FedEx, is a Private Bank and was behind the various booms and busts we have suffered through since it was created on the night before Christmas eve, 1913 when only the conspirators were present in Congress. They had sent everyone else home for the holidays, assuring them that a vote would not be taken before 1914.

The owners of the Fed are the richest and most powerful men on the planet, International Bankers, led by the Rothschilds.

The Patriarch of the clan is now Lord Alfred Rothschild of the UK. Look up "The Creature From Jekyl Island" the story of the "Hatching" of the Federal Reserve Plot. It is scarier than anything that Steven King ever imagined, because it it TRUE!

I know it is hard to believe and I am not going to go into detail in this posting, but these people own the banks that own the Fed. Look at this, courtesy of Eustace Mullins, "Secrets of the Federal Reserve" which every American needs to read:

The shareholders of these banks which own the stock of the Federal Reserve Bank of New York are the people who have controlled our political and economic destinies since 1914. They are the Rothschilds, of Europe, Lazard Freres (Eugene Meyer), Kuhn Loeb Company, Warburg Company, Lehman Brothers, ^{Goldman Sachs, the Rockefeller family, and the J.P. Morgan interests. These interests have merged and consolidated in recent years, so that the control is much more concentrated. National Bank of Commerce is now Morgan Guaranty Trust Company. Lehman Brothers has merged with Kuhn, Loeb Company, First National Bank has merged with the National City Bank, and in the other eleven Federal Reserve Districts, these same shareholders indirectly own or control shares in those banks, with the other shares owned by the leading families in those areas who own or control the principal industries in these regions.}

The Kingpin of this group is the Rothschilds, who own or control an empire, including until recently, The Bank of England; Reuters and the Associated Press, of over a reputed $500 Trillion Dollars. Although the Rothschilds are not now a household word, having successfully replaced the Fat, Greedy Banker icon with the Fat Black Welfare Queen as the cause of America's ecomomic woes, their ownership or control of most of the other shareholders, (JP Morgan was Rothschilds direct representative, they are allied with Kuhn Loeb through marriage, etc.) gives them effective control of the Fed and therefore control of everything and everyone in the US that depends on money to survive!

Among the Feds biggest depredations, prior to the current one, was the stealing of the entire gold stores of the US in 1933, when they "Bought" over 200 Million oz of gold, which had been confiscated by Roosevelt, for $11 Billion, which they "created" out of thin air, just for this purpose: "Roosevelt ordered the people to give their gold to private interests- that is, to banks, and he took control of the banks so that all the gold and gold values in them, or given into them, might be handed over to the predatory International Bankers who own and control the Fed. "

Of course, the First Great Depression was their handiwork also, as Ron Paul alludes to above.

I urge you, for the good of yourself and the Nation to follow up on this information. Google Louis T McFadden and Eustace Mullins. If we are to take back our country, it is going to have to be a massive grassroots effort and time is of the essence!