Money Masters Transcripts Part 19


Under the National Banking Act the Money Changers were gathering strength fast. They began a periodic fleecing of the flock by creating economic booms with easy money and loans, followed by busts caused by tight money and loans fewer, so they could buy up thousands of homes and farms for pennies on the dollar on forecolsure.

{p. 44} In 1891, the Money Changers prepared to take the American economy down again and their methods and motives were laid out with shocking clarity in a memo sent out by the American Bankers Association (ABA), an organization in which most bankers were members. Notice that this memo called for bankers to create a depression on a certain date three years in the future. Here is how it read in part (note the telling reference to England, home of the Mother Bank):

"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 April 29, 1913

These depressions could be controlled if the National Banks coordinated their contraction, and more easily because America was on the gold standard. Since gold is scarce, it's one of the easiest commodities to manipulate. People wanted silver money legalized again so they could escape the stranglehold the Money Changers had on gold-backed money. People wanted silver money reinstated, reversing Mr. Seyd'd Act of 1873, by then called the "Crime of '73."

By 1896, the issue of more silver money had become the central issue in the Presidential campaign. William Jennings Bryan, a Senator from Nebraska ran for President as a Democrat on the "Free Silver" issue. His father had been an ardent Greenbacker. At the Democratic National Convention in Chicago, he made an emotional speech which won him the nomination entitled, "Crown of Thorns and Cross of Gold." Though Bryan was only 36 years old at the time, this speech is widely regarded as the most famous oration ever made before a political convention. In the dramatic conclusion. Bryan aid:

"We will answer their demand for a gold standard by saying to them: You shall not press down upwn the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of old."

The bankers lavishly supported the Republican candidate, William McKinley, who favored the gold standard. The resulting contest was among the most fiercely contested Presidential races in American hictory.

Bryan made over 600 speeches in 27 states. Bryan stood with the Greenbackers:

"The right to coin and issue money is a function of Government. It is a part of sovereignty and cannot, with safety, be delegated to private individuals."

The McKinley campaign got manufacturers and industrialists to inform their employees that if Bryan were elected, all factories and plants would close and there would be no work. The ruse succeeded. McKinley beat Bryan by a small margin.

Some authors believe, and the course of history supports them, that under the bankers' President, McKinley, before the summer of 1897, the United States entered into a secret agreement (no papers of any sort were signed)

{p. 45} that the U.S. would support England in its inevitable conflict with Germany - the product of Bismarck's nation building.

This was, de facto, an agreement surrendering American independence into a worldwide alliance (France being a minor partner) to dominate the world, presided over by the Money Changers who dominated the Bank of England from he City, in London, and through it, the British government.

Almost immediately, in 1898, the Spanish-American War was begun. Later, the U.S. was dragged into two World Wars (and other minor ones) to secure the worldwide imperialistic designs of the Money Changers. The 1897 Agreement made the U.S. a principal in the British Empire, which has been succeeded by the international financial empire of the Money Changers, defended and expanded by U.S., and more recently, by U.S.-led U.N. armed forces.

Bryan ran for president again in 1900 and in 1908, but fell short each time. But the threat his presence presented to the National Bankers afforded the Republican alternatives, Roosevelt and Taft, a grating measure of independence from the bankers (Roosevelt mildly opposed their monopolies and Taft was unenthusiastic about their proposed central bank legislation), who therefore shifted support to Wilson in 1912.

During the 1912 Democratic Convention, Bryan was a powerful figure who stepped aside to help Woodrow Wilson win the nomination. When Wilson became President he appointed Bryan as Secretary of State. But Bryan soon became disenchanted with the Wilson administration.

Bryan served only two years in the Wilson administration before resigning in 1915 over the highly-suspicious sinking ofthe Lusitania, the event which was used to drive America into World War I.

Although Wllliam Jennings Bryan never gained the Presidency, his efforts delayed the Money Changers for seventeen years from attaining their next goal - a new, privately-owned central bank for America. But like Wilson, Bryan was deceived as to the true import of the Federal Reserve Act of 1913. Both initially supported it. Both later publically repented over their support of it. Bryan later wrote:

"That is the one thing in my public career that I regret - my work to secure the enactment of the Federal Resere Law."

Acknowledgement and credits

The Money Masters: How International Bankers Gained Control of America

Video Script
Produced by Patrick S. J. Carmack
Directed by Bill Still
Royalty Production Company 1998

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