In our last post, I covered the creation of The Bank of England. Like any other privately owned corporation The Bank of England sold shares to get off the ground. However, conveniently enough, the names of the original investors has never been disclosed. These investors were supposed to pay £1.25M in coins, however as we already know tally sticks were used for some portion of the payment. Speaking of the payment, historically only £750,000 was ever received. Despite this, the bank was chartered in 1694. So what did the afmorentioned politicians receive for this great cost? The right to borrow as much of the new currency as they needed as long as they secured the debt through the collection of taxes. This is tantamount to legal counterfeiting for private gain.
Ever major country in the world now has a privately owned central bank based on The Bank of England model. It is nothing more than a plutocracy-- rule by the rich. As is the nature of the central banks, they take total control over the society. Imagine putting the army in the hands of criminals and gangsters. Corruption would abound, totalitarianism would flourish.
So back to my question from earlier, do we need central banks? Yes, we need central banks. No, they do not need to be in private hands. This scam is nothing more than a hidden tax. The government sells bonds to the central bank to get funds to pay for things it does not have the political capital to raise taxes for. However the bonds are paid for with money that the banks just create via accounting bookkeeping entries, thus the total amount of money in circulation goes up. The more money in circulation, the less valuable it becomes. The government “gets” the money it needs, and the people pay for it in inflation. The beauty of their plan is that most people can’t figure it out. They hide behind contrived economic jargon, which is confusing to most people.
Shortly after the formation of the Bank, Great Britain found itself abound in money; the price of goods doubled, and massive loans were given out for any scheme, no matter how ridiculous. Ring a bell, anyone? One such proposal was to drain the Red Sea to recover gold and other artifacts lost by the Egyptians when Moses parted the Red Sea. Really!? I mean, really?!
Government debt grew, and taxes were increased, and then increased again. With their grip now firm, the vile power-hungry magnates set to embark Great Britain on a serious of retractions of the and increases in the supply of money. The so-called business cycle would again wreak havoc. Central Banks claim they are determined to prevent such booms and depressions, but the reality is they are the creators of these. It would be one thing if these situations were created by mistake. It would be reassuring to have comfort in the reality of human error. However the sad truth of it is that these cycles are PURPOSELY created to rob the people of their wealth, property, and eventually their rights. But we’ll discuss the whole “rights” thing much later. For now, let’s just say that these psychopathic fear-loving, torturing, power-hungry demagogues artificially manufacture “bubbles” to deprive humanity of their dignity. Why? Because they are sick as fuck.
In 1743 in Frankfurt, Germany, a gold smith named Amschel Moses Bauer opened up a coin shop. Over the door, he placed a symbol of a red shield and a Roman eagle. The shop would colloquially be known as “The Red Shield Firm” or Rothschild in German. Upon his passing, Bauer bequeathed his beloved firm to his son, Mayer Amschel Bauer, who changed his name to Rothschild. He soon learned that loaning money to the governments of the world was more profitable than loaning to private individuals. The loans were bigger and were secured by taxes.
Rothschild had five sons, Amschel Mayer, Solomon, Nathan, Carl and Jacob. He trained them all in the “family business” and sent them to major capitals all over Europe. Amschel Mayer stayed in Frankfurt, Solomon was sent to Vienna, Carl went to Naples and Jacob went to Paris. His third son, Nathan, who was deemed to be the smartest went to London at only age 21. He would later become the governor of the Bank of England, approximately 100 years after its creation.
One of Rothschild’s most lucrative dealings with royalty was at William’s Hall, which was the palace of the wealthiest monarch in all of Europe (Germany). Prince William of Hesse-Kassel. At first, their arrangement was regarding the speculation of precious coins, however, when Napoleon chased Prince William into exile he sent £550,000 to Nathan in London with explicit instructions to purchase British government stock, instead, Nathan used the funds for his own purposes. Nathan knew that with war drums beating the climate for profits was limitless. Prior to the Battle of Waterloo, William returned from his exile in 1815. He demanded to see Nathan and wanted his money back. Nathan returned the initial investment plus the interest that the British stock would have accumulated had he actually made that investment, however the Rothschild’s kept all the profits made from using William’s money. Nathan later bragged that while in England he increased his original purse by 2500 times.
By co-operating within the family, the Rothschild’s easily became unbelievably wealthy. By the mid-1800’s they dominated all of European banking and rose to become the wealthiest family on earth. They were the financial backers of Cecil Rhodes, who established a monopoly over the gold and diamond mines of South Africa. In the U.S., they financed the Vanderbilt’s, Carnegie and many other industrial leaders. In fact during World War 1, financial mogul J.P. Morgan was thought to be the richest man in America, however it was only upon his death and the making public of his will, when it was revealed that in reality he was only a lieutenant of the Rothschilds. He only owned 19% of his own companies, the majority stakeholder were the Rothschilds.
By 1850, James Rothschild, the heir to the French wing of the family was said to be worth 600 million French Franks, which is 150 million more than all of the other bankers in France put together.
(Part 4 HERE)