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BANK OF CREDIT AND
COMMERCE INTERNATIONAL (BCCI)
"The Bank of Credit and
Commerce International (BCCI) was set up in 1972 by an Indian-born
banker, Agha Hassan Abedi, who got backing for his venture from
members of the Saudi royal family and from Sheikh Zayed Bin Sultan
Al-Nahayan, the ruler of Abu Dhabi. BCCI grew super-fast under
a simple business model: create the appearance of a reputable
business, make powerful friends, then agree to do anything, anywhere,
on behalf of anyone, for any reason. BCCI loaded politicians with
bribes and served some of the twentieth century's greatest villains:
Saddam Hussein, terrorist leader Abu Nidal, the Colombian MedellIn
drug cartel and Asian heroin warlord Khun Sa. It got involved
in trafficking nuclear materials via sales of Chinese Silkworm
missiles to Saudi Arabia and in peddling North Korean Scud-B missiles
to Syria. Its branches in the Caribbean and Panama serviced the
Latin American drug trade; its divisions in the United Arab Emirates,
then enjoying an oil boom and an offshore banking bonanza, serviced
the heroin trades in Pakistan, Iran and Afghanistan; and it used
Hong Kong to cater to drug traffickers in Laos, Thailand and Burma.
BCCI also penetrated the US banking system, getting around the
concerns of American regulators by using offshore secrecy structures
to make its ownership invisible. It paid off Washington insiders
and built up a solid partnership with the CIA."
Nicholas Shaxson
"BCCI [Bank of Credit and
Commerce International] consisted of a complex alliance of intelligence
agencies, multinational corporations, weapons dealers, drug traffickers,
terrorists, global bankers and high-ranking government officials.
It involved leaders from 73 countries.
... In the 1980s it was used to launder drug money, harbor terrorist
funds and buy illegal weapons."
David Degraw
"BCCI's [Bank of Credit
and Commerce International] criminality included fraud by BCCI
and BCCI customers involving billions of dollars; money laundering
in Europe, Africa, Asia, and the Americas; BCCI's bribery of officials
in most of those locations; support of terrorism, arms trafficking,
and the sale of nuclear technologies; management of prostitution;
the commission and facilitation of income tax evasion, smuggling,
and illegal immigration; illicit purchases of banks and real estate;
and a panoply of financial crimes limited only by the imagination
of its officers and customers."
US Senate Foreign Relations 'Committee
on Terrorism, Narcotics and International Operations' report "The
BCCI Affair", December 1992
"The U.S.-Saudi [oil] deals
increased U.S. dependence on oil- and drug-funded Arab assets
such as BCCI - the Bank of Credit and Commerce International -
which in the 1980s became a chief paymaster for the anti-Soviet
Afghan mujahedin and even ran arms directly to them from Karachi.
The failure of the U.S. government to investigate and prosecute
BCCI reflected not only the extent of BCCI penetration of U.S.
ruling circles but also U.S. economic dependence on the continued
influx of petrodollars and narco-dollars."
Peter Dale Scott
"During the 1980s and early
'90s, the CIA worked in partnership with BCCI [Bank of Credit
and Commerce International] in what was, at the time, the agency's
largest covert operation ever, pumping an estimated $10 billion
into funding the Afghan Mujahideen. Through this operation, Osama
bin Laden's al Qaeda network was formed. Bin Laden had accounts
in BCCI and ran CIA/BCCI-funded camps."
David Degraw
"BCCI [Bank of Credit and
Commerce International] would become the mixing bowl into which
Persian Gulf petrodollars were stirred with generous helpings
of drug money to finance worldwide covert operations for the CIA
and its Israeli Mossad and British MI6 partners.
BCCI was the bank of choice for the world's most notorious dictators,
including the Somoza family, Saddam Hussein, Philippine strongman
Ferdinand Marcos and Haiti's Jean-Claude "Papa Doc"
Duvalier. The South African apartheid regime used BCCI, as did
Manuel Noriega.
... With branches in 76 countries, BCCI dealt in conventional
and nuclear weapons, gold, drugs, mercenary armies, intelligence
and counterintelligence... The bank had close relations with the
CIA, Pakistan's ISI intelligence service, the Israeli Mossad and
Saudi intelligence agencies... BCCI's main stockholders were monarchs
and wealthy oil sheiks from the GCC [Gulf Cooperation Council]
nations.
... BCCI was founded 1972 in Pakistan by Agha Hasan Abedi, a close
friend of Pakistani military dictator Zia ul-Huq... BCCI took
its wings when Bank of America put up $2.5 million for a 30% stake
in BCCI. At that time Bank of America was the largest bank in
the world, controlled by N.M. Rothschild & Sons. "
Dean Henderson in his book "Big
Oil & Their Bankers In The Persian Gulf"
"Nothing in the history
of modern financial scandals rivals the unfolding saga of the
Bank of Credit & Commerce International [BCCI], the $20 billion
rogue empire... Never has a single scandal involved so much money,
so many nations or so many prominent people.
... This is the story of how the wealthy and corrupt in Latin
America managed to steal virtually every dollar lent to their
countries by Western banks, creating the debt crisis of the 1980s;
how heads of state skimmed billions from their national treasuries
and hid them in Swiss and Caymanian accounts forever free from
snooping regulators; how Pakistan and Iraq got materials for nuclear
weaponry and how Libya built poison-gas plants."
investigative journalists Jonathan
Beaty and S.C. Gwynne in a 1991 Time magazine article "The
Dirtiest Bank of All"
"Even though BCCI was a
Middle Eastern-based bank, investigations ... revealed that BCCI
was run by the CIA and top US officials. CIA covert operations
were run through BCCI's "black network." Former CIA
directors George Bush Sr., William Casey and Richard Helms, former
Defense Secretary Clark Clifford and former Secretary of State
Henry Kissinger were all key players and shielded the bank from
investigations throughout its reign... Many high-ranking Republicans
and Democrats were vital to the bank's operations, along with
top corporate executives...
The CIA, DIA, and NSC used BCCI as their own private bank, sending
billions of dollars in covert funding and weapons to organizations
and countries with which we are now in conflict - most notably
the Mujahideen in Afghanistan (which evolved into Al Qaeda and
the Taliban), Pakistan's ISI, Saddam Hussein in Iraq and the government
of Iran."
David Degraw
"The collaboration of the
CIA under William Casey with the drug-dealing Bank of Credit and
Commerce International (BCCI) fostered the creation of a huge
Afghan narco-economy... The BCCI was a huge global drug-laundering
bank. It was corrupting leading politicians, presidents, prime
ministers all over the world. And some of that money was reaching
politicians in the United States politicians of both parties,
which is one of the main reasons why we didn't get a congressional
investigation of BCCI."
Peter Dale Scott
"N.M. Rothschild &
Sons is implicated in some of the filthiest drugs-for-weapons
secret intelligence operations. Because it is well-connected to
the highest levels of the British Intelligence establishment,
Rothschilds managed to evade prominent mention of its complicity
in one of the more sordid covert intelligence networks, that of
BCCI (Bank of Commerce and Credit International).
Rothschilds was at the heart of the vast international web of
money-laundering banks used during the 1970s and 1980s, by Britain's
MI-6 and the network of Lt. Col. Oliver North and Vice President
George Bush, to finance such projects as the Nicaraguan Contras."
William Engdahl
"When a few prosecutors
finally began targeting BCCI's [Bank of Credit and Commerce International]
operations in the late Eighties, President George Herbert Walker
Bush boldly moved in with a federal probe directed by Justice
Department investigator Robert Mueller. The U.S. Senate later
found that the probe had been unaccountably 'botched' - witnesses
went missing, CIA records got 'lost', lower-ranking prosecutors
told of heavy pressure from on high to 'lay off.' Most of the
big BCCI players went unpunished... Mueller, of course, wound
up as head of the FBI, appointed to the post in July 2001 - by
George W. Bush."
investigative reporter Chris Floyd
"George Bush Sr.'s role
in the BCCI I [Bank of Credit and Commerce International] Affair
cannot be overstated. Even George Bush Jr. had oil companies that
were funded by these same BCCI/Saudi/al Qaeda interests... the
same person who played a pivotal role in covering-up and derailing
investigations into BCCI at the Justice Department, was the person
who was put in charge of the FBI on September 4, 2001, Robert
Mueller - and he is still running the FBI under Obama."
David Degraw
"BCCI was financing Israeli
arms going into Afghanistan. There were Israeli arms, Israeli
planes, and CIA pilots. Arms were coming into Afghanistan and
BCCI was facilitating."
Sami Masri, a former insider in
the Bank of Credit and Commerce International (BCCI) to Time magazine
"Republican negotiations
with Muslim fundamentalists before the 1980 election were initiated
to stop President Carter from successfully negotiating the return
of the American hostages in Tehran. These illicit contacts generated
partnerships in secrecy that united at least two key Republican
politicians, William Casey and the elder George Bush, with unlikely
co-conspirators from Iran, Israel, and the scandal-ridden Bank
of Credit and Commerce International (BCCI).
The illicit liaison produced a flow of U.S. arms, brokered by
BCCI, from Israel to Iran. The arrangements, that could not be
acknowledged, continued unchecked until they were exposed in the
Iran-Contra scandal of 1986."
Peter Dale Scott
"George Bush Sr., Henry
Kissinger, James Baker, Robert Mueller, Robert Gates and Alan
Greenspan were all heavily involved in BCCI [Bank of Credit and
Commerce International] activities. Former President Bill Clinton
even played a crucial role in continuing the cover-up by killing
follow-up investigations upon taking office. More stunning than
the BCCI operations and the cover-up, was that even after the
BCCI Affair was finally exposed, all of these major players were
not held accountable. The fact that people like this not only
got to walk away, but remained in top positions of power for years
after the scandal was exposed."
David Degraw
BANK OF ENGLAND
"A cabal of English aristocrats
and bankers [created] the Bank of England in 1694. King William,
in need of money to fight a certain war, money which he couldn't
raise by taxing or borrowing, granted a charter to a favored group
of intriguers to form a bank which would be given a monopoly on
issuing English bank notes, i.e., English paper money, which would
be created out of nothing and credited to the government in return
for a government IOU, the only "backing" that would
be required. The government would pay interest on this "loan,"
making it look legitimate to the public, but the bank's even larger
payback was that it was empowered to make additional commercial
loans, at interest, using the same government IOU's as "backing,"
just as though the IOU's were hard, metallic gold. The banks,
by receiving interest on money they could create and lend out
at will, were thereby going to get rich, the king was going to
be able to raise any amount of "money" he wanted, and
the public, remaining ignorant of what was going on, was going
to pay for it all by having their savings devalued by the expansion
of the currency."
G. Edward Griffin in his book "The
Creature from Jekyll Island"
"The founding of the Bank
of England by William Paterson and his friends in 1694 is one
of the great dates in world history. For generations men had sought
to avoid the one drawback of gold, its heaviness, by using pieces
of paper to represent specific pieces of gold. Today we call such
pieces of paper gold certificates. Such a certificate entitles
its bearer to exchange it for its piece of gold on demand, but
in view of the convenience of paper, only a small fraction of
certificate holders ever did make such demands. It early became
clear that gold need be held on hand only to the amount needed
to cover the fraction of certificates likely to he presented for
payment; accordingly, the rest of the gold could be used for business
purposes, or, what amounts to the same thing, a volume of certificates
could be issued greater than the volume of gold reserved for payment
of demands against them. Such an excess volume of paper claims
against reserves we now call bank notes. In effect, this creation
of paper claims greater than the reserves available means that
bankers were creating money out of nothing."
Carroll Quigley, historian and
Georgetown University professor, in his book "Tragedy and
Hope"
"The Bank of England is
in effect a sovereign world power, for this privately owned institution
is not subject to regulation or control in the slightest degree
by the British Parliament. This privately owned and controlled
institution functions as the great balance wheel of the credit
of the world, able to expand or contract credit at will; and is
subject only to the orders of the City, the City dominated by
the fortune of the House of Rothschild and the policies of the
House of Rothschild."
Edwin Charles Knuth in his book
The Empire of the City, 1944
"In 1991 the Bank of England
directors decided to work out more explicitly what the bank is
for, and they came up with three main aims. Two were the usual
central bankers' goals: to protect the currency and to keep the
financial system stable. The third is to ensure the effectiveness
of the United Kingdom's financial services and advance a financial
system which enhances the international competitive position of
the City of London and other UK financial centres. In other words,
to protect and promote the City as an offshore centre."
Nicholas Shaxson in his book "Treasure
Islands"
"England is a financial
oligarchy run by the "Crown" which refers to the "City
of London" not the Queen. The City of London is run by the
Bank of England, a private corporation. The square-mile-large
City is a sovereign state located in the heart of greater London."
Henry Makow, 2004
"Montagu Norman, the arch
conservative governor of the Bank of England throughout the 1920s
... supported the aims of finance capitalism "to create a
world system of financial control in private hands, able to dominate
the political system of each country and the economy of the world
as a whole."
F. William Engdahl in his book
"Gods of Money"
"Benjamin Strong, Governor
of the Federal Reserve Bank of New York, and Montagu Norman, Governor
of the Bank of England, who worked closely together throughout
the 1920s, decided to use the financial power of Britain and the
United States to force all the major countries of the world to
go on the gold standard and to operate it through central banks
free from all political control, with all questions of international
finance to be settled by agreements by such central banks without
interference from governments. These men were not working for
the governments and nations of whom they purportedly represented,
but "were the technicians and agents of the dominant investment
bankers of their own countries, who had raised them up and were
perfectly capable of throwing them down."
Andrew Gavin Marshall in his book
"Global Power and Global Government"
"Democracy in this country
(Britain) has become a farce! The real governing power is not
at Westminster or at Downing Street, but rests partly in Threadneedle
Street (Bank of England) and partly in Wall Street, New York!
There sits every day in the Bank of England premises, during banking
hours, a representative of the Federal Reserve Board of New York
for the purpose of advising and even instructing the Governor
of the Bank regarding his policies."
Arthur Kitson, eminent British
engineer, scientist, author and inventor
"Eventually international
bankers owned as private corporations the central banks of the
various European nations. The Bank of England, Bank of France
and Bank of Germany were not owned by their respective governments,
as almost everyone imagines, but were privately owned monopolies
granted by the heads of state, usually in return for loans."
Gary Allen in his book "None
Dare Call It Conspiracy"
"In 1666, by means of An
Act for the Encouragement of Coinage, the British King Charles
II (1660-85) permitted private persons i.e. bankers and goldsmiths
to mint the coins of the realm at the Royal Mint and thereby acquire
the considerable benefits of the seigniorage (the difference between
the face value of coins and their production costs) income for
their own private account. Furthermore it enabled them to increase
or diminish the supply of money in circulation and to raise or
lower prices at will to the great detriment of the general population.
... The Bank of England (was established in 1694) for the purpose
of lending money to the Crown."
Stephen Mitford Goodson, 2014
"The Bank of England was
nationalized in about 1946. However this did not change the ownership
of assets deposited in the bank such as the '" consorts"
owned by the Rothschilds. These bear interest at 12%, are transferred
by inheritance only and are not redeemable nor subject to tax.
These are the profits from the time of the Battle of Waterloo.
The interest gleaned from the consorts since 1808 is probably
near the sum of 4 quadrillion dollars. The Inner City of London
is allodial or freehold title land not subject to the King."
Edwin Charles Knuth in his book
The Empire of the City, 1944
"The reason why the British
abolished the right of the Colonies to create and issue their
own money is simple: the bankers did not want the Colonists to
be able to trade among themselves without paying tribute to them
on the promises of the Bank of England, which they were forcing
the Americans to borrow for use in trading among themselves. The
objective was clear: by forcing Americans to pay interest, the
European money changers wanted to enslave the Colonies in a mountain
of debt."
Des Griffin in his book "Fourth
Reich of the Rich"
"Great Britain, which was
firmly under the control of the banking dynasties. In 1694, the
Bank of England was formed as a private central bank, which would
issue the currency of the nation, lending it to the government
and industry at interest, which would be paid back to the Bank
of England's shareholders, made up of these private banking dynasties.
The 16th to the 19th centuries was the period in which both the
nation-state and capitalism emerged, soon followed by central
banking in the late 1600s. This is when the origins of what was
known as a "world economy" took place."
Andrew Gavin Marshall in his book
"Global Power and Global Government"
"In Great Britain, where
the Bank of England is owned by the government, 97% of the money
supply is issued privately by banks as loans."
Ellen Brown
"Nothing happens on Wall
Street that is not known to the Bank of England, whose instructions
are relayed through the Morgan Bank and then put into action through
key brokerage houses.
John Coleman in his book "The
Committee of 300"
BANK OF INTERNATIONAL
SETTLEMENTS (BIS)
"The BIS is where all of
the world's central banks meet to analyze the global economy and
determine what course of action they will take next to put more
money in their pockets, since they control the amount of money
in circulation and how much interest they are going to charge
governments and banks for borrowing from them.
... When you understand that the BIS pulls the strings of the
world's monetary system, you then understand that they have the
ability to create a financial boom or bust in a country. If that
country is not doing what the money lenders want, then all they
have to do is sell its currency. "
Joan Veon, in a 2003 article "The
Bank for International Settlements Calls for Global Currency"
"All international transactions
pass through the Bank of International Settlements (BIS) on their
way to somewhere else. This bank is probably the most influential
company in the entire world, it controls all of the money creation
in the world."
Charlie Robinson, in his book "The
Octopus of Global Control", 2017
"The Bank of International
Settlements (BIS) regulations serve only the single purpose of
strengthening the international private banking system, even at
the peril of national economies. The IMF and the international
banks regulated by the BIS are a team: the international banks
lend recklessly to borrowers in emerging economies to create a
foreign currency debt crisis, the IMF arrives as a carrier of
monetary virus in the name of sound monetary policy, then the
international banks come as vulture investors in the name of financial
rescue to acquire national banks deemed capital inadequate and
insolvent by the BIS."
economist Henry CK Lui
"The Federal Reserve Bank
of New York is eager to enter into close relationship with the
Bank for International Settlements.The conclusion is impossible
to escape that the State and Treasury Departments are willing
to pool the banking system of Europe and America, setting up a
world financial power independent of and above the Government
of the United States.The United States under present conditions
will be transformed from the most active of manufacturing nations
into a consuming and importing nation with a balance of trade
against it."
Rep. Louis T. McFadden (1876-1936),
US Congressman (R-PA) (1915-1935), Chairman of House Banking and
Currency Committee, quoted in the New York Times (June 1930),
June 10, 1932. He was poisoned in 1936
"The Bank of International
Settlements (BIS) guides and directs the centrally-planned global
financial system through the central banks of each country, of
which 60 are affiliated to it
The headquarters of the BIS are in Basel, Switzerland and they
are currently housed in an ugly 18 storey building, which looks
like the cooling tower of a power station. It is an unelected,
unaccountable central bank of the central bankers, which has complete
immunity from national laws and taxation and has its own private
police force. Furthermore in terms of rights granted by an agreement
with the Swiss Federal Council, all of the bank's archives, documents
and electronic data are inviolable at all times and in all places."
Stephen Mitford Goodson, 2014
"BIS [Bank for International
Settlements] is the most powerful bank in the world, a global
central bank, owned by the US Federal Reserve, Bank of England,
Bank of Italy, Bank of Canada, Swiss National Bank, Nederlandsche
Bank, Bundesbank, and Bank of France.
BIS holds at least 10% of monetary reserves for at least 80 of
the world's central banks, the IMF and other multilateral institutions.
It serves as financial agent for international agreements, collects
information on the global economy and serves as lender of last
resort to prevent global financial collapse."
Dean Henderson in his book "Big
Oil & Their Bankers In The Persian Gulf"
"[The Bank for International
Settlements (BIS) was part of a plan] to create a world system
of financial control in private hands able to dominate the political
system of each country and the economy of the world as a whole...to
be controlled in a feudalistic fashion by the central banks of
the world acting in concert by secret agreements."
Carroll Quigley, historian and
Georgetown University professor, in his book "Tragedy and
Hope"
"The Bank of International
Settlements (BIS) and the IMF ... are nothing more than bully-boy
clearing houses for the drug trade. The BIS undermines any country
that the IMF wants to sink by setting up ways and means for the
easy outflow of flight capital. Nor does BIS recognize nor make
any distinction when it comes down to what is flight capital and
what is laundered drug money.
The BIS operates on gangster lines. If a country will not submit
to asset-stripping by the IMF, then it says in effect, "Right,
then we will break you by means of the huge cache of narco-dollars
we are holding." It is easy to understand why gold was demonetized
and substituted with the paper "dollar" as the world's
reserve currency. It is not as easy to blackmail a country holding
gold reserves as it is one having its reserves in paper dollars."
John Coleman in his book "Conspirators'
Hierarchy: The Story of the Committee of 300"
"The BIS [Bank of International
Settlements] was established to remedy the decline of London as
the world's financial center by providing a mechanism by which
a world with three chief financial centers in London, New York,
and Paris could still operate as one.
The BIS [Bank of International Settlements] was founded by the
central banks of Belgium, France, Germany, Italy, the Netherlands,
Japan, and the United Kingdom along with three leading commercial
banks from the United States, including J.P. Morgan & Company,
First National Bank of New York, and First National Bank of Chicago."
Carroll Quigley in his book "Tragedy
and Hope"
"The ultimate aim of the
Bank of International Settlements (BIS) is a single world currency,
a one world economic system and a global government, where national
laws are no longer applicable or relevant. Control of the bank
lies with the House of Rothschild through its investments in various
central and private banks."
Stephen Mitford Goodson, 2014
"The Bank of International
Settlements (BIS) in Basel, Switzerland is exempt from taxes,
their buildings are defined as "inviolable", not subject
to Swiss law, and their employees don't pay income taxes on their
salaries. The assets of the BIS are not subject to civil claims
under Swiss law. When BIS senior managers travel they have diplomatic
status, they can't be searched, their bags can't be searched,
their documents can't be searched, and they are immune under Swiss
law for life for all of the acts that are carried out while working
there. "
Charlie Robinson, in his book "The
Octopus of Global Control", 2017
BANKING CONGLOMERATES
WORLD'S 25 LARGEST
BANKS - 2012
HSBC
BNP PARABIS
INDUSTRIAL AND COMMERCIAL BANK OF CHINA
MITUBISHI
CREDIT AGRICOLE
BARCLAYS GROUP
ROYAL BANK OF SCOTLAND
JPMORGAN CHASE
BANK OF AMERICA
CHINA CONSTRUCTION BANK
MIZUHO FINANCIAL GROUP
BANK OF CHINA
CITIGROUP
AGRICULTURAL BANK OF CHINA
ING GROUP
BANCO SANTANDER
SUMITOMO MITSUI FINANCIAL GROUP
SOCIETE GENERALE
UBS
LLOYDS BANKING GROUP
GROUP BCPE
WELLS FARGO
UNICREDIT
CREDIT SUISSE
DEUSTCHE BANK
BANKING DYNASTIES
Eight families own the majority
of stock in every private central bank in the world including
the Federal Reserve.
ROTHSCHILD
ROCKEFELLER
KUHN LOEB
WARBURG
LAZARD
GOLDMAN SACHS
ISRAEL MOSES SEIF
LEHMAN
The central banks of the world
are controlled by a global oligarchy which in turn controls the
major banks and transnational corporations, the major universities,
and through fiancial manipulation the currencies amd economies
of most countries.
BANK OF INTERNATIONAL SETTLEMENTS
(BIS)
(the central bank of central banks)
BANK OF ENGLAND
FEDERAL RESERVE
The private banks below own the
most shares of the Federal Reserve and therefore control it.
ROTHSCHILD BANK OF LONDON
ROTHSCHILD BANK OF BERLIN
WARBURG BANK OF HAMBURG
WARBURG BANK OF AMSTERDAM
LAZARD BROTHERS OF PARIS
ISRAEL MOSES SEIF BANK OF ITALY
KUHN LOEB BANK OF NEW YORK
GOLDMAN SACHS OF NEW YORK
J. P. MORGAN CHASE BANK OF NEW YORK
LEHMAN BROTHERS OF NEW YORK (filed for bankruptcy in 2008)
"We are ruled, though it
may be difficult to imagine, by a small dynastic power structure,
largely consisting of powerful banking families, such as the Rothschilds,
Rockefellers, and others. They emerged in controlling the financial
system, extended their influence over the political system, the
educational system, and, through the major foundations, have become
the dominant social powers of our world, creating think tanks
and other institutions which shape and change the course of society
and modern human history."
Andrew Gavin Marshall
"Powerful private families
decide who controls the Federal Reserve, the Bank of England,
the Bank of Japan and even the European Central Bank. Money is
in their hands to destroy or create. Their aim is the ultimate
control over future life on this planet, a supremacy earlier dictators
and despots only ever dreamt of."
F. William Engdahl
"Since America's inception
there has been a lingering notion that European Illuminati bankers
seek to bring America to its knees and return it to the fold of
the Crown of England, which centuries ago became the key political
vassal for the Eight Families who own majority stock in every
private central bank in the world- Rothschild, Rockefeller, Kuhn
Loeb, Lehman, Goldman Sachs, Warburg, Lazard and Israel Moses
Seif.
... The Eight Families own 52% of the New York Federal Reserve
Bank, far and away the most powerful Fed Bank. Their ownership
is disguised under names like JP Morgan Chase, Citigroup, Goldman
Sachs and Morgan Stanley.
... Do I exaggerate when I claim that there are Eight Families?
Well, yes, actually these oligarchs have interbred to the point
that they are now, for all practical purposes, one big family,
with the Rothschilds being the most powerful. Their net worth
alone is estimated at well over $100 trillion."
Dean Henderson
"[The most important international
banking families] include Baring, Lazard, Erlanger, Warburg, Schroder,
Seligman, the Speyers, Mirabaud, Mallet, Fould, and above all
Rothschild and Morgan."
Carroll Quigley, historian and
Georgetown University professor, in his book "Tragedy and
Hope"
"Here are the card-carrying
shareholders in the `Federal' Reserve Corporation: Rothschild
Banks of London and Berlin, Lazard Brothers Bank of Paris, Isreal,
Moses Sieff Banks Of Italy, Warburg Bank of Hamburg and Amsterdam,
Lehman Brothers Bank of new York, Kuhn Loeb Bank Of New York,
Chase Manhattan Bank Of New York, Goldman Sachs Bank Of New York."
Miles Franklin Newsletter
BANKING OLIGARCHY
MONEY TRUST / INTERNATIONAL
BANKING CARTEL
"During the past two centuries
when the peoples of the world were gradually winning their political
freedom from the dynastic monarchies, the major banking families
of Europe and America were actually reversing the trend by setting
up new dynasties of political control through the formation of
international financial combines. These banking dynasties had
learned that all governments must have sources of revenue from
which to borrow in times of emergency. They had also learned that
by providing such funds from their own private resources, they
could make both kings and democratic leaders tremendously subservient
to their will."
Carroll Quigley in his book "Tragedy
and Hope"
"The goal is control. They
[international banking cartel] want all of us enslaved to debt,
they want all of our governments enslaved to debt, and they want
all of our politicians addicted to the huge financial contributions
that they funnel into their campaigns. Since the elite also own
all of the big media companies, the mainstream media never lets
us in on the secret that there is something fundamentally wrong
with the way that our system works."
Karen Hudes was Senior Counsel
in the legal department of the World Bank for more than 20 years
"The powers of financial
capitalism had another far-reaching aim, nothing less than to
create a world system of financial control in private hands able
to dominate the political system of each country and the economy
of the world as a whole. This system was to be controlled in a
feudalist fashion by the central banks of the world acting in
concert, by secret agreements arrived at in frequent private meetings
and conferences. The apex of the system was to be the Bank for
International Settlements in Basle, Switzerland, a private bank
owned and controlled by the world's central banks which were themselves
private corporations."
Carroll Quigley in his book 'Tragedy
and Hope
"The eight largest U.S.
financial companies (JP Morgan, Wells Fargo, Bank of America,
Citigroup, Goldman Sachs, U.S. Bancorp, Bank of New York Mellon
and Morgan Stanley) are 100% controlled by ten shareholders and
we have four companies always present in all decisions:
BlackRock, State Street, Vanguard and Fidelity.
In addition, the Federal Reserve is comprised of 12 banks, represented
by a board of seven people, which comprises representatives of
the "big four," which in turn are present in all other
entities.
In short, the Federal Reserve is controlled by four large private
companies: BlackRock, State Street, Vanguard and Fidelity. These
companies control U.S. monetary policy (and world) without any
control or "democratic" choice.
www.theglobalelite.org, 2013
"States, most especially
the large hegemonic ones, such as the United States and Great
Britain, are controlled by the international central banking system,
working through secret agreements at the Bank for International
Settlements (BIS), and operating through national central banks
(such as the Bank of England and the Federal Reserve)... The same
international banking cartel that controls the United States today
previously controlled Great Britain and held it up as the international
hegemon. When the British order faded, and was replaced by the
United States, the US ran the global economy. However, the same
interests are served. States will be used and discarded at will
by the international banking cartel; they are simply tools."
Carroll Quigley in his book "Tragedy
and Hope"
"What is really going on
is that the world's resources are being dominated by this group
(international banking cartel)."
Karen Hudes was Senior Counsel
in the legal department of the World Bank for more than 20 years
"The merchant bankers of
London had already at hand in 1810-1850 the Stock Exchange, the
Bank of England, and the London money market... In time they brought
into their financial network the provincial banking centers, organized
as commercial banks and savings banks, as well as insurance companies,
to form all of these into a single financial system on an international
scale which manipulated the quantity and flow of money so that
they were able to influence, if not control, governments on one
side and industries on the other."
Carroll Quigley in his book "Tragedy
and Hope"
"Hundreds of years ago,
bankers began to specialize, with the richer and more influential
ones associated increasingly with foreign trade and foreign-exchange
transactions. Since these were richer and more cosmopolitan and
increasingly concerned with questions of political significance,
such as stability and debasement of currencies, war and peace,
dynastic marriages, and worldwide trading monopolies, they became
the financiers and financial advisers of governments.
Moreover, since their relationships with governments were always
in monetary terms and not real terms, and since they were always
obsessed with the stability of monetary exchanges between one
country's money and another, they used their power and influence
to do two things: (1) to get all money and debts expressed in
terms of a strictly limited commodity-ultimately gold; and (2)
to get all monetary matters out of the control of governments
and political authority, on the ground that they would be handled
better by private banking interests."
Carroll Quigley, in his book "Tragedy
and Hope"
"The real menace of our
Republic is the invisible government, which like a giant octopus
sprawls its slimy legs over our cities, states and nation. To
depart from mere generalizations, let me say that at the head
of this octopus are the Rockefeller-Standard Oil interests and
a small group of powerful banking houses generally referred to
as the international bankers. The little coterie of powerful international
bankers virtually run the United States government for their own
selfish purposes.
They practically control both parties, write political platforms,
make catspaws of party leaders, use the leading men of private
organizations, and resort to every device to place in nomination
for high public office only such candidates as will be amenable
to the dictates of corrupt big business.
These international bankers and Rockefeller-Standard Oil interests
control the majority of the newspapers and magazines in this country.
They use the columns of these papers to club into submission or
drive out of office public officials who refuse to do the bidding
of the powerful corrupt cliques which compose the invisible government.
It operates under cover of a self-created screen [and] seizes
our executive officers, legislative bodies, schools, courts, newspapers
and every agency created for the public protection."
New York City Mayor John F. Hylan
during a speech, 1922
"The influence of financial
capitalism and of the international bankers who created it was
exercised both on business and on governments, but could have
done neither if it had not been able to persuade both these to
accept two "axioms" of its own ideology. Both of these
were based on the assumption that politicians were too weak and
too subject to temporary popular pressures to be trusted with
control of the money, system; accordingly, the sanctity of all
values and the soundness of money must be protected in two ways:
by basing the value of money on gold and by allowing bankers to
control the supply of money."
Carroll Quigley, in his book "Tragedy
and Hope"
"International bankers
created the central banks of the world (including the Federal
Reserve), and they use those central banks to get the governments
of the world ensnared in endless cycles of debt from which there
is no escape. Government debt is a way to "legitimately"
take money from all of us, transfer it to the government, and
then transfer it into the pockets of the ultra-wealthy."
Michael Snyder, 2013
"The substantive financial
powers of the world were in the hands of investment bankers (also
called "international" or "merchant" bankers)
who remained largely behind the scenes in their own unincorporated
private banks. These formed a system of international cooperation
and national dominance which was more private, more powerful,
and more secret than that of their agents in the central banks.
This dominance of investment bankers was based on their control
over the flows of credit and investment funds in their own countries
and throughout the world. They could dominate the financial and
industrial systems of their own countries by their influence over
the flow of current funds through bank loans, the discount rate,
and the re-discounting of commercial debts; they could dominate
governments by their control over current government loans and
the play of the international exchanges. Almost all of this power
was exercised by the personal influence and prestige of men who
had demonstrated their ability in the past to bring off successful
financial coupes to keep their word, to remain cool in a crisis,
and to share their winning opportunities with their associates.
In this system the Rothschilds had been preeminent during much
of the nineteenth century, but, at the end of that century, they
were being replaced by J. P. Morgan whose central office was in
New York, although it was always operated as if it were in London."
Carroll Quigley, in his book "Tragedy
and Hope"
"The merchant bankers of
London had already at hand in 1810-1850 the Stock Exchange, the
Bank of England, and the London money market when the needs of
advancing industrialism called all of these into the industrial
world which they had hitherto ignored. In time they brought into
their financial network the provincial banking centers, organized
as commercial banks and savings banks, as well as insurance companies,
to form all of these into a single financial system on an international
scale which manipulated the quantity and flow of money so that
they were able to influence, if not control, governments on one
side and industries on the other. The men who did this, looking
backward toward the period of dynastic monarchy in which they
had their own roots, aspired to establish dynasties of international
bankers and were at least as successful at this as were many of
the dynastic political rulers. The greatest of these dynasties,
of course, were the descendants of Meyer Amschel Rothschild (1743-1812)
of Frankfort, whose male descendants, for at least two generations,
generally married first cousins or even nieces. Rothschild's five
sons, established at branches in Vienna, London, Naples, and Paris,
as well as Frankfort, cooperated together in ways which other
international banking dynasties copied but rarely excelled."
Carroll Quigley, in his book "Tragedy
and Hope"
"In addition to their power
over government based on government financing and personal influence,
bankers could steer governments in ways they wished them to go
by other pressures. Since most government officials felt ignorant
of finance, they sought advice from bankers whom they considered
to be experts in the field. The history of the last century shows
that the advice given to governments by bankers, like the advice
they gave to industrialists, was consistently good for bankers,
but was often disastrous for governments, businessmen, and the
people generally. Such advice could be enforced if necessary by
manipulation of exchanges, gold flows, discount rates, and even
levels of business activity."
Carroll Quigley, in his book "Tragedy
and Hope"
"The structure of financial
controls created by the tycoons of 'Big Banking' and 'Big Business'...
was of extraordinary complexity, one business fief being built
on another, both being allied with semi-independent associates,
the whole rearing upward into two pinnacles of economic and political
power, of which one, centered in New York, was headed by J. P.
Morgan and Company and the other, in Ohio, was headed by the Rockefeller
family. When the two cooperated, as they generally did, they could
influence the economic life of the country to a large degree and
could almost control its political life, at least at the Federal
level. They caused the "panic of 1907" and the collapse
of two railroads, one in 1914 and the other in 1929."
Carroll Quigley, in his book "Tragedy
and Hope"
"In the period up to 1931,
bankers, especially the Money Power controlled by the international
investment bankers, were able to dominate both business and government.
They could dominate business, especially in activities and in
areas where industry could not finance its own needs for capital,
because investment bankers had the ability to supply or refuse
to supply such capital."
Carroll Quigley, historian and
Georgetown University professor, in his book "Tragedy and
Hope"
"The power of investment
bankers over governments rests on a number of factors, of which
the most significant, perhaps, is the need of governments to issue
short-term treasury bills as well as long-term government bonds.
Just as businessmen go to commercial banks for current capital
advances to smooth over the discrepancies between their irregular
and intermittent incomes and their periodic and persistent outgoes
(such as monthly rents, annual mortgage payments, and weekly wages),
so a government has to go to merchant bankers (or institutions
controlled by them) to tide over the shallow places caused by
irregular tax receipts."
Carroll Quigley, in his book "Tragedy
and Hope"
"International investment
bankers took seats on the boards of directors of industrial firms,
as they had already done on commercial banks, savings banks, insurance
firms, and finance companies. From these lesser institutions they
funneled capital to enterprises which yielded control and away
from those who resisted. These firms were controlled through interlocking
directorships, holding companies, and lesser banks. They engineered
amalgamations and generally reduced competition, until by the
early twentieth century many activities were so monopolized that
they could raise their noncompetitive prices above costs to obtain
sufficient profits to become self-financing.
But before that stage was reached a relatively small number of
bankers were in positions of immense influence in European and
American economic life."
Carroll Quigley, in his book "Tragedy
and Hope"
"[The] period, 1884-1933,
was the period of financial capitalism in which investment bankers
moving into commercial banking and insurance on one side and into
railroading and heavy industry on the other were able to mobilize
enormous wealth and wield enormous economic, political, and social
power. Popularly known as "Society," or the "400,"
they lived a life of dazzling splendor.
... The influence of these business leaders was so great that
the Morgan and Rockefeller groups acting together, or even Morgan
acting alone, could have wrecked the economic system of the country
merely by throwing securities on the stock market for sale, and,
having precipitated a stock-market panic, could then have bought
back the securities they had sold but at a lower price. Naturally,
they were not so foolish as to do this, although Morgan came very
close to it in precipitating the "panic of 1907."
Carroll Quigley, in his book "Tragedy
and Hope"
"This world is not run
by the Presidents or the Prime Ministers. It is run by the global
corporations and the banks. For it is these entities that control
the money supply and it is these entities that decide which country
lives or falls."
the dailybell.com
"The bankers control the
world's major corporations, media, intelligence agencies, think
tanks, foundations and universities."
Henry Makow
"International financier
Paul Warburg masterminded establishment of the Federal Reserve
to put control over nation's economy in hands of international
bankers. The Federal Reserve controls the money supply, which
allows manipulators to create alternate cycles of boom and bust,
ie., a roller coaster economy. This allows those in the know to
make fabulous amounts of money, but even more important, allows
the insiders to control the economy and further centralize power
in the federal government."
Gary Allen in his book "None
Dare Call It Conspiracy"
"Eventually international
bankers actually owned as private corporations the central banks
of the various European nations. The Bank of England, Bank of
France and Bank of Germany were not owned by their respective
governments, as almost everyone imagines, but were privately owned
monopolies granted by the heads of state, usually in return for
loans."
Gary Allen in his book "None
Dare Call It Conspiracy"
"In the Bolshevik Revolution
we have some of the world's richest and most powerful men financing
a movement which claims its very existence is based on the concept
of stripping of their wealth, men like the Rothschids, Rockefellers,
Schiffs, Warburgs, Morgans, Harrimans, and Milners. But obviously
these men have no fear of international Communism. It is only
logical to assume that if they financed it and do not fear it,
it must be because they control it."
Gary Allen in his book "None
Dare Call It Conspiracy"
"While wars and revolutions
have been useful to international bankers in gaining or increasing
control over governments, the key to such control has always been
control of money. You can control a government if you have it
in your debt; a creditor is in a position to demand the privileges
of monopoly from the sovereign. Money-seeking governments have
granted monopolies in state banking, natural resources, oil concessions
and transportation. However, the monopoly which the international
financiers most covet is control over a nation's money."
Gary Allen in his book "None
Dare Call It Conspiracy"
"It is in the pecuniary
interests of the international bankers to centralize political
power - and this centralization can best be achieved within a
collectivist society, such as socialist Russia, national socialist
Germany, or a Fabian socialist United States.
There can be no full understanding and appreciation of twentieth-century
American politics and foreign policy without the realization that
this financial elite effectively monopolizes Washington policy."
Antony C. Sutton in his book "Wall
Street and the Rise of Hitler"
"In foreign affairs the
Council on Foreign Relations, superficially an innocent forum
for academics, businessmen, and politicians, contains within its
shell, perhaps unknown to many of its members, a power center
that unilaterally determines U.S. foreign policy. The major objective
of this submerged - and obviously subversive - foreign policy
is the acquisition of markets and economic power (profits, if
you will), for a small group of giant multi-nationals under the
virtual control of a few banking investment houses and controlling
families."
Antony C. Sutton in his book "Wall
Street and the Rise of Hitler"
"There is a special breed
of international financiers whose success typically is built upon
certain character traits. Those include cold objectivity, immunity
to patriotism, and indifference to the human condition. That profile
is the basis for proposing a theoretical strategy, called the
Rothschild Formula, which motivates such men to propel governments
into war for the profits they yield... As long as the mechanism
of central banking exists, it will be to such men an irresistible
temptation to convert debt into perpetual war and war into perpetual
debt."
G. Edward Griffin in his book "The
Creature from Jekyll Island"
"The Warburgs, Kuhn Loebs,
Goldman Sachs, Schiffs and Rothschilds have intermarried into
one big happy banking family. The Warburg family - which controls
Deutsche Bank and BNP- tied up with the Rothschilds in 1814 in
Hamburg, while Kuhn Loeb powerhouse Jacob Schiff shared quarters
with Rothschilds in 1785. Schiff immigrated to America in 1865.
He joined forces with Abraham Kuhn and married Solomon Loeb's
daughter. Loeb and Kuhn married each others sisters and the Kuhn
Loeb dynasty was consummated. Felix Warburg married Jacob Schiff's
daughter. Two Goldman daughters married two sons of the Sachs
family, creating Goldman Sachs. In 1806 Nathan Rothschild married
the oldest daughter of Levi Barent Cohen, a leading financier
in London."
Dean Henderson in his book "Big
Oil & Their Bankers In The Persian Gulf"
"CPA Thomas D. Schauf states
that ten banks control all twelve Federal Reserve Bank branches.
He names N.M. Rothschild of London, Rothschild Bank of Berlin,
Warburg Bank of Hamburg, Warburg Bank of Amsterdam, Lehman Brothers
of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York,
Israel Moses Seif Bank of Italy, Goldman Sachs of New York and
JP Morgan Chase Bank of New York."
Dean Henderson in his book "Big
Oil & Their Bankers In The Persian Gulf"
"Capital must protect itself
in every possible way, both by combination and legislation. Debts
must be collected, mortgages foreclosed as rapidly as possible.
When, through the process of law, the common people lose their
homes, they will become more docile and more easily governed through
the strong arm of government applied by a central power of wealth
under leading financiers. These truths are well known among our
principal men who are now engaged in forming an imperialism to
govern the world. By dividing the voter through the political
party system, we can get them to expend their energies in fighting
for questions of no importance. It is thus by discreet action
we can secure for ourselves that which has been so well planned
and so successfully accomplished."
American's Banker Association,
1924
"In the latter half of
the 1800s European financiers were in favor of an American Civil
War that would return the United States to its colonial status.
The Civil War, lasted from 1861 until 1865 ... during which, Congress
also set up a national bank, putting the government into partnership
with the banking interests, guaranteeing their profits."
Andrew Gavin Marshall, Global Research
"Our global banking system
is a global cartel, a "super-entity" in which the world's
major banks all own each other and own the controlling shares
in the world's largest multinational corporations.
... This is the real "free market," a highly profitable
global banking cartel, functioning as a worldwide financial Mafia."
Andrew Gavin Marshall, 2012
"The global banking cartel,
centered at the IMF, World Bank and Federal Reserve, have paid
off politicians and dictators the world over [Including Washington].
In country after country, they have looted national economies
at the expense of local populations, consolidating wealth in unprecedented
fashion the top economic one-tenth of one percent is currently
holding over $40 trillion in investible wealth, not counting an
equally significant amount of wealth hidden in offshore accounts."
David DeGraw, 2011
"The modern banking system
manufactures money out of nothing. The process is perhaps the
most astounding piece of sleight of hand that was ever invented.
Banking was conceived in inequity and born in sinBankers own the
earth. Take it away from them but leave them the power to create
money, and, with a flick of a pen, they will create enough money
to buy it back againTake this great power away from them and all
great fortunes like mine will disappear, for then this would be
a better and happier world to live inBut, if you want to continue
to be the slaves of bankers and pay the cost of your own slavery,
then let bankers continue to create money and control credit."
Sir Josiah Stamp (1880-1941), President
of the Bank of England in the 1920_s, the second richest man in
Britain, speaking at the Commencement Address of the University
of Texas in 1927
"The real menace of our
republic is the invisible government, which, like a giant octopus,
sprawls its slimy length over our city, state and nation. At the
head is a small group of banking houses generally referred to
as 'international bankers.' This little coterie of powerful international
bankers virtually run our government for their own selfish ends."
John F. Hylan, 1922, Mayor of New
York, in a speech
"The world's money-lenders
became experts at parasitic high finance and got rich through
the explosive growth of fractional reserve banking. These people
have dominated the economies of nations through such institutions
as the Bank of England, the Federal Reserve System, the Bank of
International Settlements (BIS), and other central and commercial
banks, currency and commodity exchanges, and stock and bond markets.
... The bankers on the one hand and the political racketeers on
the other merged over a century ago under the oversight of figures
associated with the creation of the Anglo-American Empire, such
as Cecil Rhodes, Lord Alfred Milner, Colonel Mandell House, Winston
Churchill, the House of Windsor, and the Rothschilds, Schiffs,
Morgans, Harrimans, Rockefellers, Myers, and Bushes."
Richard C. Cook, 2008
"The big bankers of the
world, who practice the terrorism of money, are more powerful
than kings and field marshals, even more than the Pope of Rome
himself. They never dirty their hands. They kill no one: they
limit themselves to applauding the show.
Their officials, international technocrats, rule our countries:
they are neither presidents nor ministers, they have not been
elected, but they decide the level of salaries and public expenditure,
investments and divestments, prices, taxes, interest rates, subsidies,
when the sun rises and how frequently it rains."
Eduardo Galeano
"On September 1, 1894,
we will not renew our loans under any consideration. On September
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."
American Bankers Association, 1891
"History records that the
money changers have used every form of abuse, intrigue, deceit,
and violent means possible to maintain their control over governments
by controlling money and it's issuance."
James Madison, 1820
"The money powers prey
upon the nation in times of peace and conspire against it in times
of adversity. It is more despotic than a monarchy, more insolent
than autocracy, and more selfish than bureaucracy. It denounces
as public enemies all who question its methods or throw light
upon its crimes. I have two great enemies, the Southern Army in
front of me and the bankers in the rear. Of the two, the one at
my rear is my greatest foe.
Abraham Lincoln
"If the American people
ever allow private banks to control the issue of their currency,
first by inflation, then by deflation, the banks...will deprive
the people of all property until their children wake-up homeless
on the continent their fathers conquered... The issuing power
should be taken from the banks and restored to the people, to
whom it properly belongs."
Thomas Jefferson
"We must keep the people
busy with political antagonisms... By dividing the electorate
... we'll be able to have them spend their energies at struggling
amongst themselves on questions that, for us, have no importance
whatsoever.
... Let us make use of the courts... When through the law's intervention,
the common people shall have lost their homes, they will be more
easy to control and more easy to govern, and they shall not be
able to resist the strong hand of the Government acting in accordance
with ... the control of the leaders of finance."
United States Bankers magazine,
1892
"I fear that foreign bankers
with their ... tortuous tricks will entirely control the exuberant
riches of America and use it systematically to corrupt modern
civilization. They will not hesitate to plunge the whole [world]
into wars and chaos in order that the earth should become their
inheritance."
Otto von Bismarck, Chancellor of
Germany, after the assassination of President Lincoln, 1863
"The banking cartel succeeds
in creating "false" prices for commodities such as oil,
gold and silver through their creation of bogus paper markets
(futures, ETFs, etc.), in which sometimes a hundred times or more
of the commodity is bought and sold in paper form than exists
in real physical form."
F. WIlliam Engdahl
"With the exception of
a few thousand very powerful people, the entire world's population,
all seven billion of us, are trapped ... trapped into a criminal
debt creating banking 'system' that has taken hundreds of years
to perfect and to come to fruition. This 'system' results in enslavement
and servitude. It creates dreadful unhappiness amongst ordinary
decent people and causes wars, debt, starvation, pollution and
environmental destruction. It feeds on greed, fear and division.
It forces people onto the corporate treadmills of mass mindless
production and mass mindless consumption. It uses lies, deception,
intimidation and entrapment at all times. It is a system that
is so clever and so cunning that most of the world is completely
oblivious to its existence. It is a system that allows a few winners
at the expense of a huge number of losers. It is a system that
considers itself to be unbeatable and indestructible and is now
so arrogant that it believes it can control everything and everyone
on its terms. It is a system where psychopaths and sociopaths
can flourish. And without question the center of this system,
the heart of this global corporate beast is the innocent sounding
Square Mile known as the City of London."
Justin Walker
"Here are the card-carrying
shareholders in the `Federal' Reserve Corporation: Rothschild
Banks of London and Berlin, Lazard Brothers Bank of Paris, Isreal,
Moses Sieff Banks Of Italy, Warburg Bank of Hamburg and Amsterdam,
Lehman Brothers Bank of new York, Kuhn Loeb Bank Of New York,
Chase Manhattan Bank Of New York, Goldman Sachs Bank Of New York."
Miles Franklin Newsletter
BANKS
"The world's money-lenders
became experts at parasitic high finance and got rich through
the explosive growth of fractional reserve banking. These people
have dominated the economies of nations through such institutions
as the Bank of England, the Federal Reserve System, the Bank of
International Settlements (BIS), and other central and commercial
banks, currency and commodity exchanges, and stock and bond markets.
... The bankers on the one hand and the political racketeers on
the other merged over a century ago under the oversight of figures
associated with the creation of the Anglo-American Empire, such
as Cecil Rhodes, Lord Alfred Milner, Colonel Mandell House, Winston
Churchill, the House of Windsor, and, as examples of families
involved, the Rothschilds, Schiffs, Morgans, Harrimans, Rockefellers,
Myers, and Bushes."
Richard C. Cook, 2008
When private bankers usurp control
of the money creation process, the inevitable results are recurring
cycles of prosperity and poverty, unemployment, embedded inflation
and an enormous and ever increasing transfer of wealth and political
power to this tiny clique, who control this exploitative monetary
system. Whenever these private and central bankers have been opposed
in the past by nations seeking restoration of an honest money
system, these parasitic bankers have invariably invoked a "patriotic"
war in order to defeat the much maligned "enemy". This
has been a feature of almost all wars during the past 300 plus
years.
Stephen Mitford Goodson, 2014
"Every country suspended
the gold standard at the outbreak of the war [WWI]... This removed
the automatic limitation on the supply of paper money. Then each
country proceeded to pay for the war by borrowing from the banks.
The banks created the money which they then lent by merely giving
the Government a deposit of any size against which the Government
could draw checks. The banks were no longer limited in the amount
of credit they could create because they no longer had to pay
out gold for checks on demand. Thus the creation of money in the
form of credit by the banks was limited only by the demands of
its borrowers."
Carroll Quigley, historian and
Georgetown University professor, in his book "Tragedy and
Hope"
"Before World War I, two
opposing systems of political economy competed for dominance in
the United States. One operated out of Wall Street, the New York
financial district that came to be the symbol of American finance.
Its most important address was 23 Wall Street, known as the "House
of Morgan." J. P. Morgan was an agent of powerful British
banking interests. The Wizards of Wall Street and the Old World
bankers pulling their strings sought to establish a national currency
that was based on the "gold standard," one created privately
by the financial elite who controlled the gold. The other system
dated back to Benjamin Franklin and operated out of Philadelphia...
The Philadelphia faction favored a bank on the model established
in provincial Pennsylvania, where a state loan office issued and
lent money, collected the interest, and returned it to the provincial
government to he used in place of taxes. President Abraham Lincoln
returned to the colonial system of government-issued money during
the Civil War; but he was assassinated, and the bankers reclaimed
control of the money machine. The silent coup of the Wall Street
faction culminated with the passage of the Federal Reserve Act
in 1913."
Ellen Brown in her book "Web
of Debt"
"You can count the number
of banks that own half of all the wealth in the U.S. economy on
just one hand. There are just five of them: Goldman Sachs, JP
Morgan Chase, Wells Fargo, Bank of America, and Citigroup. Their
total assets equal 8.5 trillion, which is 56% of our entire economy."
Thom Hartmann
"Since 2008, bad debt from
banks, corporations, and private investors was in transferred
from the balance sheets of private banks to the balance sheets
of the central banks as a result of nine years of bailout via
QE (quantitative easing), zero interest rate free money, and other
policies of the central banks. The central banks bailed out the
capitalist system in 2008-09 by shifting the bad debts to themselves.
In the course of the last 9 years, the private system loaded itself
up on still more debt than it had in 2007. Can the central banks,
already bloated with $20 trillion bail out bankers and friends
once again? That's the question. Attempting to unload the $20
trillion to make room for the next bailout-as the central banks
now propose to do-may result, however, in precipitating the next
crisis.
... After eight years of treating symptoms and not the disease,
the global financial system has become addicted to super-low rates
and to continued central bank excess liquidity provisioning. What
started in 2008 as a massive, somewhat coordinated central bank
lender of last resort experiment - i.e. global bank bailout -
has over the past eight years evolved into a more or less permanent
subsidisation of the private banking and financial systems by
central banks. The system has become addicted to free money.
... What happened was an unprecedented acceleration in financial
asset markets as equity and bond prices surged for eight years,
high end real estate prices rose to prior levels, derivatives
boomed, gold and crypto-currencies escalated in value, and income
inequality soared to record levels - all fueled by the massive
$10 trillion central bank liquidity injections that drove interest
rates to zero or below."
Jack Rasmus , 2017
"Only low echelon drug
dealers get caught with drug money in their hands. The elite -
Drexel Burnham, Credite Suisse, Hong Kong and Shanghai Bank (HSBC)
- escape detection... American Express was and still is a conduit
for laundering drug money."
John Coleman in his book "Conspirators'
Hierarchy: The Story of the Committee of 300"
"Private bankers since
ancient times have abused monetary systems, whether they are based
on coin, bank notes, cheque or electronic money, by creating money
out of nothing as an interest bearing debt in order to arrogate
supreme power to themselves."
Stephen Mitford Goodson, 2014
"A competent war on drugs
must begin with a war against the banking institutions and bankers
who 'launder' Dope, Inc.'s ill-gotten gains...Shut down the drug
money-laundering by the major Anglo-American banks, and the dope
cartel would choke to death on its own profits... Dope, Inc.'s
vulnerable flank is the international network of banks and other
financial institutions that 'launder' the cartel's $558 billion
per year in gross revenue... Action by governments against the
drug bankers could rapidly shut down Dope, Inc."
from the book "Dope. Inc.",
Executive Intelligence Review,1978
"By 2000 four giant banks
emerged to rule the US financial roost. JP Morgan Chase and Citigroup
were kings of capital on the East Coast. Together they control
52.86% of the New York Federal Reserve Bank. Bank of America and
Wells Fargo reigned supreme on the West Coast.
During the 2008 banking crisis these firms got even bigger, taking
on distressed assets for pennies on the dollar. Barclays took
over Lehman Brothers. JP Morgan Chase got Washington Mutual. Bank
of America was handed Merrill Lynch and Countrywide, while Wells
Fargo got the nation's 5th biggest bank- Wachovia."
Dean Henderson in his book "Big
Oil & Their Bankers In The Persian Gulf"
"The Hong Kong and Shanghai
Bank (HSBC), remains the largest and least controlled clearinghouse
bank for the opium trade.
John Coleman in his book "Conspirators'
Hierarchy: The Story of the Committee of 300"
"While fiat money is much
criticised in some quarters, there is nothing wrong with it, as
long as it is issued by government, not by private bankers, and
is carefully protected against counterfeiters."
Stephen Mitford Goodson, 2014
"The Four Horsemen of Banking
[Bank of America, JP Morgan Chase, Wells Fargo, Citigroup] own
the Four Horsemen of Oil [Shell, Chevron, British Petroleum, Exxon]
, in tandem with Deusche Bank, Banque Paribas, Barclays and other
European old money behemoths... These same Four Horsemen of Banking
are also among the top 10 stock holders of virtually every Fortune
500 corporation. "
Dean Henderson in his book "Big
Oil & Their Bankers In The Persian Gulf"
"The institutional changes
which the 1999 Financial Services Modernization Act (FSMA) brought
about, including the concentration and centralization of power
in the hands of a small number of financial giants, largely contributed
to Wall Street's unswerving quest for global financial domination.
The tendency was towards a worldwide financial supermarket controlled
by a handful of global financial institutions which penetrate
and permeate the fabric of national economies. The sweeping deregulation
of U.S. banking imparted unprecedented powers to Wall Street's
financial conglomerates to acquire and take over banking institutions
all over the world."
Andrew Gavin Marshall, Global Research
"Capital must protect itself
in every possible way, both by combination and legislation. Debts
must be collected, mortgages foreclosed as rapidly as possible.
When, through the process of law, the common people lose their
homes, they will become more docile and more easily governed through
the strong arm of government applied by a central power of wealth
under leading financiers. These truths are well known among our
principal men who are now engaged in forming an imperialism to
govern the world. By dividing the voter through the political
party system, we can get them to expend their energies in fighting
for questions of no importance. It is thus by discreet action
we can secure for ourselves that which has been so well planned
and so successfully accomplished."
American's Banker Association,
1924
"The debt crisis of the
early 1980s unleashed a wave of corporate mergers, buyouts and
bankruptcies. These changes then paved the way for the consolidation
of a new generation of financiers clustered around the large merchant
banks, the institutional investors, stock brokerage firms and
large insurance companies. In this process, commercial banking
functions have coalesced with those of the investment banks and
stock brokers, leading to the consolidation of a handful of global
financial conglomerates."
Andrew Gavin Marshall, Global Research
"In the United States,
five banks control half the economy: JP Morgan Chase, Bank of
America, Citigroup, Wells Fargo, and Goldman Sachs Group collectively
held $8.5 trillion in assets at the end of 2011, which equals
roughly 56% of the U.S. economy. This data was according to central
bankers at the Federal Reserve. In 2007, the assets of the largest
banks amounted to 43% of the U.S. economy."
Andrew Gavin Marshall, 2012