The American credit system

Be careful to whom you swear allegiance too.

The American Credit System verses- The British Debt System

After the defeat of the British at Yorktown in October 1781, Aide-de-camp to General George Washington, Alexander Hamilton was the crucial intellectual author of the U.S. Constitution. In 1776, at the age of 21 he was a signatory to the Declaration of Independence, and he became America’s first Secretary to the Treasury on September 11th, 1789. Hamilton wrote 5 reports to the Congress. It was his second report on Public Credit and a National Bank on December 14th, 1790, and its unique principle of using a credit system based on national sovereignty to foster capital formation for technological progress as opposed to the British tradition of monetarism.

Only for brief periods, in 1789-1801, 1823-1830, 1861-1869, 1897-1901, 1933-1944, when it was operating under the guidance of a credit system policy, has the U.S. economy been properly conducted in accordance with the design of the Constitution. In all other periods nation-building was internally and externally attacked, and U.S. policy was subverted by monetarism. In each mentioned period the credit system of the U.S. has been used as a means to break free from that control, and to expand and develop. It has been the success and the effectiveness of the U.S. credit system that has made it the object of attack and obfuscation.

Monetarism measures all value by capital and labour and gives to money a self-evident value. In a credit system, the measure of value is not capital or money, but the mental powers which increase the productive powers of labour, which in turn increases productive output, thereby increasing the value of goods, labour, and capital. Productivity is therefore the measure of capital. With increases of productivity, the cost of production decreases, and the value of currency increases. Monetarism views debts as a burden to be immediately dissolved, and demands their payment in the present, at whatever expense to the future.

From David Allen Rivera “Final Warning”, The History of the New World Order.

The American Federal Reserve

In the mid 1700’s the colonies were prospering because they were issuing their own money, called colonial script, which was strictly regulated and didn’t require the payment of any interest, when the Bankers of Great Britain heard this, the British Parliament passed a law prohibiting the currency, forcing them to accept the debt money issued by them. Contrary to what history teaches, the American Revolution was not started by a tax on tea.

Benjamin Franklin said, “The conditions were so reversed that the era of prosperity ended. The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction, which caused the colonies hatred of England and the Revolutionary war.”

In 1781, Alexander Hamilton established the Bank of North America which was similar to the Bank of England at the time America had a debt of $12,000 in borrowed money from Spain, France, Holland and private interest in Germany and a domestic debt of $42,000. In 1790, Hamilton urged congress for a central banking system to have sole responsibility of issuing money in order to handle the Country’s financial situation.

It would be used to deposit Government funds and tax collections, and issue bank notes to increase the money supply needed to finance the Country’s growth.

Thomas Jefferson and James Madison (who would both become Presidents) opposed the bill but George Washington signed it into law on February 25, 1791. Aaron Burr helped establish the Manhattan Co in New York City, which developed into a prosperous banking institution. It would later be controlled by the Warburg- Kuhn- Loeb interests and in 1955 it merged with Rockefeller’s Chase Bank to create Chase Manhattan Bank.

When Thomas Jefferson became President, he opposed the Bank as being unconstitutional and when the 20-year charter came up for renewal in 1811 it was denied. Nathan Rothschild, head of the family Bank in England recognized America’s potential and made loans to a few states and in fact became of official European Banker for the US Government. He supported the Bank of the United States, he threatens “Either the application for the renewal of the charter is granted, or the United States will find itself in a most disastrous war.” He then ordered the British troops to “teach these impudent Americans a lesson. Bring them back to colonial status.” This brought the war of 1812, the second war with England, which facilitated the re-chartering of the Bank of the United States and raised the National debt of America from $45 million to $127 million. In 1816, Jefferson wrote to John Tyler who became the 10th president “If the American people ever allow private Banks to control the issuance of their currency, first by inflation and then by deflation, the Banks and corporation that will grow up around them will deprive the people of all property until their children wake up homeless on a continent their fathers’ conquered. I believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken away from the Banks and restored to the Government to whom it properly belongs.”

On the 10th of May 1816, President James Madison signed a bill, which created the second Bank of the United States. A new charter allowed it to operate for another twenty years and raised its capital stock to 35 million authorised, the creation of Bank branches and the issuing of notes in denominations no smaller than $5.00. The new Bank now had the power to control the entire fiscal structure of the Country. In 1819, the Bank was declared constitutional by Supreme Court justice John Marshall.

In 1832, President Andrew Jackson vetoed the charter of the Bank and abolished it he ordered the Secretary of the Treasury to remove all Government deposits from the US Banks and deposit them in State Bank. On January 8th, 1835, Jackson paid off the final instalment on the US National Debt for the first time in Americans’ history. It accumulated a surplus of 35 million which was distributed amongst the States. Jackson became the first President to the US to be censured in March 1834 for removing the Governments deposits from the Bank of the United States without the express authorization of the United States congress the censure was later reversed by the senate in 1837. In 1841, President John Tyler vetoed two Bills which would have recharted the Bank of the United States.

In 1837, August Belmont (real name August Schon Berg) a Rothschilds’ agent, came to America from Frankfurt Germany and later became a financial advisor to the President.

In 1857, the Illuminati group meet in England to decide Americas’ fate they had to create an incident that would allow the establishment of a central bank which meant a war and since wars are expensive and Governments have to borrow to pay for them by fomenting a conflict between North and South. The north was to become a British Colony annexed to Canada and controlled by Lionel Rothschild while the south was to be given to Napoleon 111 of France and controlled by James Rothschild.

In 1854, George W.L Bickley formed the knights of the Golden Circle. In 1867, the Ku Klux Klan was formed to be the military arm of knights. The states which seceded united into the confederate states of America which meant that if the south won each state, it would be like an Independent Country. Rothschild’s financed the North through emissaries August Belmont and Jay Cooke who were commissioned to sell union bond issues in Europe through J and W Seligman and company and Speyer & Co. Judah. P Benjamin 1811-84 of the law firm of Slidell, Benjamin and Conrad in Louisiana, was a Rothschilds’ agent, who later became Secretary of state for the confederacy in 1862. His law partner, John Slidell (August Belmont’s’ wife’s uncle) was the Confederate envoy to France.

Slidell’s daughter was married to Baron Frederick D’Erlanger, in Frankfurt, who were related to the Rothschilds and acted on their behalf. Slidell was the representative of the South who borrowed money from the D’Erlangers to finance the Confederacy and on September 8th, 1863, at the request of President Abraham Lincoln and secretary of state William H Seward. Czar Alexander 11 of Russia sent the Russian Fleet to San Francisco and New York and ordered them “to be ready to fight any power and to take their orders only from Abraham Lincoln.” Thus, ending the civil war Lincoln said, “The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the governments greatest creative opportunity.” In March 1863 Lincoln received congressional approval to borrow $450 million form the people by selling them bonds, or “green backs” to pay for the civil war they were not redeemable until 1865, when three could be exchanged for one in silver. They were made full legal in 1879. Lincoln solved Americas’ monetary crisis without the help of International Bankers. The Government furnished its own money without cost and paid off its debts.

On April 14th, 1865, Abraham Lincoln was assassinated that same evening an unsuccessful attempt on the life of William H Seward was also made and in 1881. The Czar Alexander 11 of Russia was assassinated by an exploding bomb. James A. Garfield the 20th president of the United States said, “Whoever controls the money of a nation, controls that nation.” He was assassinated in 1881, during the first year of his presidency.

In 1877, in Lampasas Country, Texas, a group of farmers formed a group called the knights of reliance, who were concerned that financial power was being concentrated into the hands of a few. They were later renamed the Farmers Alliance which spread with 120 chapters throughout Texas and in 1887 the movement had spread form the Dakotas to the Carolina’s. They were impressed with Lincolns’ Green backs because of its ability to adapt in order to meet the credit needs of the economy. They wanted the money supply to be controlled by their elected representatives and not the money interests of Wall Street Bankers.

Paul Moritz Warburg 1868-1932 and his brother Felix 1821- 1937 immigrated to the United States in 1902 from Frankfurt, Germany, buying into the partnership of Kuhn, Loeb and Co. with the financial backing of the Rothschilds. They had been trained at the family banking house M.M. Warburg 1838-1910 a Rothschild-allied bank in Frankfurt, Hamburg and Amsterdam which was founded in 1798 by their great grandfather Paul Warburg.

Their brother Max 1867-1946 was the chief of Intelligence in Germanys’ Secret Service and ran the Hamburg bank. In 1938, Hitler changed the Banks’ name to Brinckmann Wirtz and Co. After World War 11, a cousin, Eric Warburg returned to head it and in 1970 its name was changed to M.M Warburg, Brinckmann, Wirtz & Co. Sigmund Warburg, Eric’s brother, established the banking firm of S.G Warburg & Co. in London and in 1956 it had taken over the Seligman Brothers Bank. By the start of World War 1, Paul Warburg’s firm of Kuhn, Loeb and Co. had five representatives on the U.S. Treasury Department and was in charge of Liberty Loans, which helped finance World War 1 for the United States, his brother Max helped Germany by M.M Warburg and Co.

In 1886, Paul Warburg graduated from the University of Hamburg. He had studied central banking methods in England and France, which he was considered to be the worlds’ foremost authority on central Banking and in 1903 produced a paper on the European Central Banking system to be used as a plan for Americas’ monetary system. On January 6th, 1907, the New York Times published an article by Paul Warburg called “Defects and needs of our Banking system,” after which he became the leading exponent of monetary reform. Later that same year, Jacob Schiff told the New York Chamber of Commerce that “unless we have a Central Bank with adequate control of credit resources this Country is going to undergo the most severe and far-reaching money panic in history.” The House of Morgan initiated financial panics in 1873, 1884, 1893, 1907 and later in 1920. In 1907 by circulating rumours that the knickerbockers back of America and Trust Co. was going broke created runs on banks and financial crisis. In 1908, Senator Nelson W Aldrich father in-law of John D Rockefeller Jr. and grandfather of Nelson and David Rockefeller proposed a bill in which the banks in emergency situations would issue currency backed by federal state and local government bonds and railway bonds which would be equal to 75% of the cash value of the bonds it was criticized because it didn’t allow a monetary system that would respond to seasonal demand and fluctuate with the volume of trade. In the House of Representatives Rep E B Vreeland of New York proposed the Vreeland Bill it called for the acceptance of asset currency, but not only in cases of emergency and the currency would be based on commercial paper rather than bonds it passed the house 184-145. The Aldrich- Vreeland Bill, called the Emergency Currency Act was made law on May 30th, 1908, and led to the creation of the National Monetary Commission which formed the legislative base for the Federal Reserve Act. In 1910 Paul Warburg gave a speech entitled “A United Reserve Bank of the United States,” which called for a Reserve Bank to be located in Washington D.C. having capital of 100 million with 20 districts. Warburg said “that the US Monetary system wasn’t flexible, and it was unable to compensate for the rise and fall of Business demand. As an example, he said that when wheat was harvested and merchants didn’t have the cash on hand to buy and store a large supply of grain, the farmers would sell the grain for whatever they could get. This would cause the price of wheat to greatly fluctuate, forcing the farmer to take a loss. Warburg called for the development of commercial paper (paper money) to circulate as currency, which would be issued in standard denominations of uniformed sizes. They would be declared by law to be legal tender for payment of debts and taxes. On November 22nd, 1910, Senator Nelson Aldrich called a meeting of the Banking establishment and members of the National Monetary Commission to an Island resort of the coast of Georgia known Jekyll Island. It was purchased in 1888 by J.P Morgan, Henry Goodyear, Joseph Pulitzer, Edward and George Gould, Cyrus McCormack, William Rockefeller, William K. Vanderbilt and George F. Baker who founded the Harvard Business School.

Those present at this meeting included Sen Aldrich, Frank A Vanderlip Vice President of the Rockefeller owned National city Bank, Henry P Davison of J P Morgan and Co. Abraham Piatt Andrew (Assistant Secretary of the Treasury and Assistant Professor at Harvard and Special Assistant to the National Monetary Commission during their European tour) Paul Moritz Warburg (Kuhn, Loeb and Co.) Benjamin Strong (Vice president of Morgan’s’ Bankers Trust Co.) Eugene Meyer (a former partner of Bernard Baruch and the son of a partner in the Rothschild’s owned Lazard Freres, who was head of the war Finances Corporations and later gained control of the Washington Post) J. P Morgan, John D Rockefeller, Col House, Jacob Schiff, Herbert Lehman (of Lehman Brothers) Bernard Barach (appointed by president Wilson to be the Chairman of the War Industries Board which gave him control of all domestic contracts for Allied war materials which working for the government) Joseph Seligman who founded J & W Seligman and Co., who had helped to float bonds during the civil war and were known as ‘World Bankers’ then later declined to serve as President’s Grants Secretary of treasury and Charles D Norton, President of the First National Bank of New York. It was said at the time of this meeting that the owners of this Island and the men present represented 1/6 of the worlds’ wealth in the hands of no more than 100 men.

On June 23rd, 1913, President Woodrow Wilson addressed the 63rd congress of the United States on the subject of the Federal Reserve threatening to keep them in session until they passed it. Democratic Presidential candidate William Jennings Bryan opposed the bill. Then on the 26th of June 1913, the Glass Bill (HR7837) was introduced in the House of Representatives and was referred back to the Senate. It came back as the Glass- Owen Bill and on the 23rd of December 1913, two days before Christmas when some senators and many congressman on their way home for Christmas the Bill was sent to the House of Representatives where it was passed 298-60 then sent to the Senate where it passed with a vote 43-25 (with 27 absent or abstaining.) Within one hour of the vote, President Wilson signed the Federal Reserve Act into law. Congressman William Jennings Bryan would later write, “That is the one thing in my public career that I regret my work to secure the enactment of the Federal Reserve Law. I never thought that the Federal Bank system would prove such a failure. The Country is in a state of irreversible bankruptcy.” The Banking act of 1935 amended the Federal Reserve Act, changing its name to the Federal Reserve System. Today, there are 12 Federal Reserve Banks in twelve districts such as Boston (MA,) Cleveland (OH,) New York (NY,) Philadelphia (PA,) Richmond (VA,) Atlanta (GA,) Chicago (IL,) St Louis (MO,) Minneapolis (MN,) Kansas City (KS,) San Francisco (CA) and Dallas (TX.)

In 1914, Benjamin Strong became the first Chairman of the Board of the Federal Reserve Bank and Paul M Warburg left his position at Kuhn, Loeb and Co to be on the board later resigning in 1918 because of his German connections namely his brother Max (1867- 1946) a major financier of the Russian Revolution who in his role as Chief of Intelligence in Germany’s Secret Service, helped Lenin cross over from Germany in Russia in what has now become known as “The Sealed Train.”

Three years after the creation of the Federal Reserve, Woodrow Wilson said, “The Growth of the nation and all our activities are in the hands of a few men. We have come to be one of the most ruled, one of the most completely controlled and dominated governments in the civilized world; no longer a government of free opinion, no longer a government by conviction and the free vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

On June 10th, 1932, Rep Louis T McFadden who had served for more than ten years as Chairman of the Banking and Currency Committee in the House of Representatives said in an address to congress, “We have in this Country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. Some people think that the Federal Reserve Banks are United States Government institutions. They are not Government Institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers. The Federal Reserve Banks are the Agents of the foreign central banks, in that dark crew of financial pirates, there are those that would cut a man’s throat to get a dollar out of his pocket. Every effort has been made by the Federal Reserve Board to conceal its power, but the truth is the FED has usurped the Government. It controls everything here (in Congress) and controls all our foreign relations. It makes and breaks governments at will. When the FED was passed, the people of the United States did not perceive that a world system was being set up here. A super state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure!” Louis T McFadden 1932.

On May 23rd, 1933, Mc Fadden brought impeachment charges against the members of the Federal Reserve.

“Whereas I charge them jointly and severally with having brought about a repudiation of the National Currency of the United States in order that the gold value of the said currency might be given to private interests. I charge them with having arbitrarily and unlawfully taken over $80,000,000,000 from the United States Government in the year 1928. I charge them with having arbitrarily and unlawfully raised and lowered rates on money increased and diminished the volume of currency in circulation for the benefit of private interest. I charge them with having brought about the decline of prices on the New York Stock Exchange. I charge them with having conspired to transfer to foreigners and international money lenders, title to and control of the financial resources of the United States. I charge them with having published false and misleading propaganda intended to deceive the American people and to cause the United States to lose its Independence. I charge them with the crime of having treasonably conspired and acted against the peace and security of the United States and having treasonably conspired to destroy the constitutional government of the United States.” Senator Barry Gold-water wrote in his book (With no Apologies.) Does it not seem strange to you that these men just happen to be the Council for Foreign Relations; and just happen to be on the Board of Governors of the Federal Reserve, that absolutely controls the money and the interest rates of this Country and a privately owned organisation which has absolutely nothing to do with the United States of America.

The Federal Reserve Bank of New York and other Banks are listed in Dun and Brad Street reference book of “America Business (Northeast/ Region 1/ Manhattan/ Bronx.) According to Article 1, section 8 of the U.S Constitution, only congress has the right to issue money and regulate its valve. According to the U.S National Debt Clock 23/06/06 an estimated 298,962,495 Americans owe an estimated $8,394,496,253,239.19 and the national debt of the United States has continued to rise on average $1.74 billion per day since September 30th, 2005. Today 29/5/2022 America’s debt is $28,538,576,900 Trillion This is not a debt clock ticking; it is a debt time bomb ticking and it will reverberate around the World in the not-too-distant future.

King O’Malley an American immigrant the man responsible for the creation of Australia’s Commonwealth Bank which operated from 1912-1927 based on the American credit system until it was attacked and destroyed, described Hamilton in 1909 in the Australian Federal Parliament as “ The greatest financial man who ever walked this earth”. Except for 1942-1949 when John Curtin and Treasurer Ben Chifley assumed control of the national credit and directed it towards the war effort through the Commonwealth Bank. There have only been two times when the Commonwealth Bank was used in the way that King O’Malley intended it to be used as a credit system for nation building. Abraham Lincoln described the American System as “the internal improvement system”. It was Lincolns’ Financial adviser Henry Carey who revised the American system and turned a backward cotton producing nation into a powerhouse in just 25 years.

The following is the bank of NSW review 1978 and gives an outline on how the British system creates money as unpayable debt. The graphs give a clear indication of what the British debt system and British free trade has done to Australia in particular rural Australia.

Economics--Sources of Money.

Despite its universal acceptance and use, money remains a rather mysterious element in the economy. Most people realize that banks and government have something to do with the process of collecting and dispensing money, but few would have a clear notion of where it comes from and what forces regulate and influence its creation.

What is Money?

Before looking at where money comes from it is necessary to clarify what money is? Money has taken many forms. Before the development of the banking system and the circulation of banknotes and coins with a minimal intrinsic value, a wide range of commodities, such as shells, oxen, gold and silver bars, provided the means to purchase goods, measure values between goods, settle debts, and store wealth.

A necessary prerequisite for any commodity functioning satisfactorily, as money is that its supply can be controlled fairly easily. In primitive monetary systems this requirement naturally led to the choice of items which were relatively scarce. The most satisfactory forms of money were those which were durable, easy to move about and readily divisible without loss of value. As economies evolved, the less efficient forms of money were gradually discarded to facilitate economic development.

Nevertheless, the general criterion for transforming a particular commodity into money, irrespective of its efficiency, remained its general acceptability by people in exchange for other goods. For example, in Australia it is possible to pay the grocer with paper notes issued by the Reserve Bank; but if, say, New Zealand dollar notes were tendered, the offer of payment in this form would probably be rejected. Consequently, the New Zealand dollar is not money in Australia because it is generally not an acceptable form of payment.

Gold and silver coins were the first widely - recognized metallic currency. A

By - product of this usage was the genesis of the banking industry. People deposited surplus coin with goldsmiths, the owners of strong-room facilities. By the 17th century it had become accepted practice for goldsmiths to issue receipts for the deposits and for a receipt to be treated as a negotiable asset which ultimately could be presented to the goldsmith to be converted back into gold. In principle this procedure was the same as banks issuing banknotes. The early notes were pieces of paper issued by a bank which could be exchanged, when demanded by the holder, for a fixed amount of gold. This system of guaranteeing the convertibility of the note issue into gold was called the Gold Standard and it had its heyday in the nineteenth century.

The arrangement was finally abandoned in the 1930’s under pressure of the Great Depression. Despite the intense debate which took place in the early part of this century on the pros and cons of the Gold Standard, the acceptability of paper currency is not a special problem today. Banknotes are no longer convertible into gold, or any other precious metal, but they remain currency because people know that others will readily accept them in payment.

Today in Australia, as in most other modern economies, all money is a debt of the banking system.

Banknotes held by the public are liabilities of the Reserve Bank while bank deposits are claims on the trading banks and savings banks. In a strict sense, only bank cheques along with notes and coins are acceptable as money, but since all other categories of trading and savings bank deposits can be readily converted into cash or current account deposits, they are included in the official volume of money statistics. In Australia, notes and coins currently represent less than 9% of the total volume of money. Much more important are trading and saving bank deposits which each accounted for about 45% of total money supply of $39 billion in June 1978.

The composition of the volume of money has altered with changing commercial practices. The wider use of cheques to settle payments has resulted in a decline in the importance of currency. Moreover, in the post – war era savings bank deposits have grown strongly as a form of money. Other items such as credit card, undrawn overdraft limits building society shares, finance company notes and debentures, and short – term government securities, too, are important sources of liquidity (i.e., assets which can be converted readily into money) in the Australian economy. But so far, they have not been incorporated into official statistics of the volume of money (see Definitions) and other liquid assets.

Definitions of Volume of Money in Australia:

M1 Notes and coin held by public plus demand deposits of trading banks but excluding Commonwealth and State Government and inter – bank deposits.

M2 M1, plus interest bearing deposits of trading banks.

M3 M2 plus savings bank deposits.

The government as a Source of Money

The first and most obvious source of money is the Commonwealth Government. It has exclusive rights over the printing of banknotes and the minting of coin. The quantity of currency in existence, however, is attuned to the community’s need for cash which, apart from a short boost in December for Christmas spending, is relatively constant and in any case is an insignificant cause of variation in the money supply. It is only in exceptional circumstances, for example, the conversion to decimal currency in Australia, in February 1966, that a surge takes place in the production of new coins and bank notes. The expansion or contraction in the volume of money by government depends on the amount of domestic expenditure it has to finance for which no tax revenue or loan funds from the non – bank public are available. In the case of a revenue deficit, the money supply will expand, and in the case of a surplus, it will contract. It is not normal for a government to meet a revenue shortfall by the excessive printing of new banknotes, though there have been occasions in the past where this has occurred: for example, in Germany after the First World War and in Hungary after in Second. In both cases the rapid expansion in notes in circulation led to the complete destruction of the existing monetary system, economic and social chaos ensued. In the Australian economy today, the so - called “printing press” operations necessary to cover the Government’s revenue shortfalls are actually achieved by the Reserve Bank as the banker extending credit to the Commonwealth Government. When government cheques are presented through the banking system for settlement, the Reserve Bank effects payment, which increases bank deposits and consequently the volume of money. To cover the Government’s indebtedness the Reserve Bank normally agrees to purchase low – yielding treasury bills. The money supply rises as if the note issue had increased, except that people have larger holdings of bank rather than cash money. This increase in the money supply, however, can be offset by government borrowing from the non – bank public which would reduce bank deposits. The accompanying table indicates that the Government has become a much more important source of money growth in Australia since 1973/74, after acting as a damper on monetary expansion in the early part of the decade. Budgetary considerations, however, are not the only way the monetary authorities are able to influence the volume of money. Changes can also be affected by the Reserve Bank selling or buying government securities on the open market. By altering the price or interest rate expectation on government securities, excess liquidity can be drained from the capital market or, conversely, a tight money situation can be alleviated. For example, the Commonwealth Government’s announcement last year that it hoped to have official interest rates cut by two percentage points during 1978 induced strong buying of government securities by individuals and institutions in the expectation of the capital gains to be made yields were reduced in the year ahead. These purchases of bonds mopped up excess liquidity from the capital market left idle by the low rate of economic activity. Large increases in the non – bank private sector’s holdings of government securities of $1.5 billion in 1975/76 and $1.1 billion in 1976 / 77 were sustained at $1.3 billion in the following year and reduced the expansionary impact on the money supply of the Government’s large domestic deficit. In the latest June quarter during the customary seasonal drain on liquidity caused by collection of provisional personal and company taxes, the Reserve Bank was able to prevent the money supply from becoming unduly tight by, among other things, purchasing government securities from the private sector. By encouraging the non – bank private sector, as opposed to the banking system, to hold national debt, the Government has been able to dampen the monetary impact of the budget deficit. The Government has been able to find willing buyers for its bonds with the prospect of capital gain and because of the low activity in the private sector which has resulted in a diminution of alternative investment opportunities. And in part the slow growth of production, accompanied by high rates of unemployment and sharply rising costs, has held back the elimination of the recent large budget deficits. Should the pace of economic activity quicken, the deficit can be expected to shrink gradually as tax receipts rise and welfare payments fall with rising income and employment. But increased demands on the capital market for finance from the private sector could force the Government to revert to financing a larger banking system in order to prevent interest rates from rising. The consequence of the alteration in the holding of the national debt, however, would be an increase in the volume of money, unless the deficit could be reduced at a similar rate. Banks Create Money--Another important source of money creation is by the banks. A deposit, or claim on a bank, can be formed in two ways. The first is by a customer taking coins and banknotes to his banker. The depositing of cash in a bank, however, is a substitution of one type of money for another. Cash has disappeared out of circulation and has been replaced by and equal amount of bank money, so that the total quantity of money has remained unchanged. This method of deposit formation is relatively insignificant.

Bankers, however, do not only lend out money they have received from others. They have the capacity to create money because their liabilities (deposits) are accepted as money. Consequently, the second and more important method by which a claim on a bank can come into existence is for a bank to acquire and asset. For example, if a bank wishes to purchase a government bond in the market, it makes payment for it by crediting the seller’s bank, thus increasing total bank deposits.

The largest proportion of bank assets is in overdrafts and loans. When a banker grants a customer credit by overdraft, the bank “opens an account” in its books and gives the client the right to draw funds without first having to put money into the account. But bank deposits only increase when the customer actually draws on the account to pay his creditors. In the case of loans, funds are deposited directly to the customer’s credit and result in an immediate increase in the volume of money. In either case the money supply increases as a result of the bank’s lending activities. As long as the debt remains outstanding the community’s quantity of money is increased.

Money created by bank lending increased in importance in Australia during the 1970’s. This growth partly reflected the increased dependence of the corporate sector on external sources of finance following a sharp erosion in business profits. Banks also attempted to meet the stronger demand for personal finance, and savings bank housing loans in particular increased markedly during the decade.

Unlike the Government, the banks’ have ability to create money indefinitely.

The Reserve Bank of Australia defines monetary aggregates as.

M1: currency bank + current deposits of the private non-bank sector
M3: M1 + all other bank deposits of the private non-bank sector
Broad Money: M3 + borrowings from the private sector by NBFIs, less the latter's holdings of currency and bank deposits
Money Base: holdings of notes and coins by the private sector plus deposits of banks with the Reserve Bank of Australia (RBA) and other RBA liabilities to the private non-bank sector
The top line is what is borrowed from banks and the middle line is what is available to pay the top line off with.

The financial system above with its inherent inflation is known as the “British debt finance system.” Where private banks create the credit of the nation, it was forced upon Australia in 1927 through international pressure from the Bank of England and The City of London the financial arm of the British Empire. Before that time from 1912-1927. Australia operated under another financial system known as the “American Credit system”. This system was devised by America’s first Treasury Secretary Alexander Hamilton after the defeat and surrender of the British at Yorktown in 1781.

A government owned and controlled bank which issues credit for major infrastructure and construction projects etc. Dams, Railways including (The Trans-Continental Railway) Hospitals, Schools, Primary production and small business loans which is what Australia had.

In 1927 the Bruce Government on the Advice of Sir Ernest Harvey, Bank of England, separated the general bank from the savings bank. In September 1927 Dr Earl Page, Commonwealth Treasurer, introduced a Bill in the Commonwealth Parliament to separate the savings bank business from the Commonwealth general bank. On July 19, 1930, Sir Otto Niemeyer, second in charge of the Bank of England under Sir Montague Norman, arrived in Australia to place austerity programs on Federal and State governments and to make sure no credit was issued for the public works to alleviate the suffering of and during the Great Depression.

The Changing Definition of Inflation: Webster’s 1957, New Century Unabridged Dictionary of English Language; Inflation---an increase in the amount of currency in circulation, resulting in a relatively sharp and sudden fall in its value and rise in prices.

Webster’s New Collegiate Dictionary 1979.

Inflation---an increase in the volume of money and credit relative to available goods resulting in a substantial and continuing rise in general price level.

This subtle change in definitions shows how the persons inflating, control things. They have conned the public into thinking that inflation is part of the economy, caused by the market. It is not a natural process. It is caused by the current expanding and confiscatory monetary system.

*John Maynard Keynes---1945.” By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer, means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction and does it in a manner which not one man in a million is able to diagnose. If, however, a government refrains from regulations and allows matters to take their own course, essential commodities soon attain a price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer.”

*Alan Greenspan---Federal Reserve Chairman-- In the absence of the gold standard, there is no way to protect savings from confiscation through inflation…. This shabby secret of the welfare statist’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.

*G. Edward Griffen--- Inflation has now been institutionalized at a fairly constant 5% per year. This has been determined to be the optimum level for generating the most revenue without causing public alarm. A 5% devaluation applies, not only to the money earned this year, but to all that is left over from the previous years. At the end of the first year, a dollar is worth 95 cents. At the end of the second year, the 95 cents are reduced again by 5%, leaving its worth at 91.25 cents, and so on. By the time a person has worked 20 years, the government will have confiscated 64% of every dollar he saved over those years. By the time he has worked 45 years, the hidden tax will be 90%. The government will take virtually everything a person saves over a lifetime.

*Rt. Hon. Reginald McKenna, British Chancellor of the Exchequer, and Chairman of the Midland Bank--- “I am afraid the ordinary citizen would not like to be told that the banks can and do create and destroy money. The amount of finance in existence varies only with the action of the banks increasing or decreasing deposits and bank purchases. We know how this is affected. Every loan, overdraft or bank purchase creates a deposit, every repayment of a loan, overdraft or bank sale destroys a deposit. And they who control the credit of a nation direct the policy of governments and hold in the hollow of their hands the destiny of the people.”

*William Lyon Mackenzie King--- “Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to the government and recognized as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile.”

*Thomas Jefferson wrote to John Tyler the 10th United States President.

“If ever the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children wake up homeless on a continent their fathers’ conquered. I believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken away from the banks and restored to the Government to whom it properly belongs.”

*Sir Josiah Stamp---Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them in power to create deposits, and with the flick of the pen they will create enough deposits, to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.

Lord Acton--- 1834-1902 “Power corrupts Absolute power corrupts absolutely

The issue which has drifted down through the centuries and one which will have to be fought sooner than later is the people verses the banks.”

*James Madison---“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 the money and its issuance.”

*Louis McFadden--- 1932“Open the books….and you will be staggered to see how much American money has been taken from the United States Treasury for the Benefit of Russia. Find out what business has been transacted for the State Bank of Soviet Russia, by its correspondent, the Chase Bank of New York.”

“Mr. Chairman, I see no reason why the citizens of the United States should be terrorized into surrendering their property to the International Bankers who own and control the Federal Reserve.”

“The Great Depression resulting from the Stock Market crash was not accidental. It was a carefully contrived occurrence…. The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all.”

“What is needed here is a return to the Constitution of the United States. We need to have a complete divorce of Bank and State. The old struggle that was fought out here in Jackson’s day must be fought over again…. The Federal Reserve Act should be repealed and the Federal Reserve Bank’s, having violated their charters, should be liquidated immediately. Faithless Government officers who have violated their oaths of office should be impeached and brought to trial. Unless this is done by us, I predict that the American people, outraged, robbed, pillaged, insulted and betrayed as they are in their own land, will rise in their wrath and send a President here who will sweep the money changers out of the temple.”

* Dr. Oscar Levy Jewish Writer---“The question of the Jews and their influence on the world, past and present, cuts to the root of all things and should be discussed by every honest thinker.”

* Rev. D. Kennedy-Bell, Vicar of St John’s, London, The Daily Mail,1925. “The only real experiment in setting up of Communism had resulted in tyranny being replaced by a tyranny ten thousand times more hideous.”

As the former British Prime Minister of England during the late 1800’s Benjamin Disraeli wrote “So you see the world is governed by very different personages from what is imagined by those who are behind the scenes”. (Coningsby, The Century Co, N.Y. 1907, p. 233).

*Lloyd George one time solicitor to the Zionist Movement; “In the States too, today there is a great force that creates the movement of thought in the people, and that is The Press.”

*Franklin Delano Roosevelt-United States President 1933 “The real truth of the matter is that a financial element in the large centers has owned the Government since the days of Andrew Jackson.”

*Charles A. Lindbergh.---“This Act ( the Federal Reserve Act, Dec 23rd, 1913) establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs the bill, the invisible government of Monetary Power will be legalized…. The worst legislative crime of the ages is perpetrated by this banking and currency Bill.”

*G.D. McDaniel---“If, as it appears, the experiment that was called ’America’ is at an end… then perhaps a fitting epitaph would be…’ here lies America the greatest nation that might have been had it been for the Edomite bankers who first stole their money, used their stolen money to buy their politicians and press and lastly deprived them of their constitutional freedom by the most evil device yet created--- The Federal Reserve Banking System.”

*William R. Mattox.---“In 1950, the average family of four paid 2% of its earnings to federal taxes. Today it pays 24%.

* Carroll Quigley---For the first time in its history, Western Civilization is in danger of being destroyed internally by a corrupt, criminal ruling cabal which is centered around the Rockefeller interests, which include elements from the Morgan, Brown, Rothschild, Du Pont, Harriman, Kuhn-Loeb, and other groupings as well. This Junta took control of the political, financial, and cultural life of America in the first two decades of the twentieth century.

*President Andrew Jackson---“Gentlemen, I have been watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.

*Thomas Jefferson wrote to John Tyler the 10th United States President.

disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.

.John Adams 1735-1826---“There are two ways to conquer and enslave a nation, one is by the sword, the other is by debt.”

Extract from the article by Professor Cassel in the London “Financial Times” in 1929.

“Practically absolute power over the welfare of the world has been placed in the hands of the Federal Reserve Board. And one is appalled to see the apparently haphazard manner in which the Board uses this power.”

*David Rockefeller-Council of Foreign Relations---We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretions for almost 40 years it would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But the world is more sophisticated and prepared to march towards World Government. The Supranational Sovereignty of an Intellectual elite and World Bankers is surely preferable to the national auto-determination practiced in past centuries.

*Paul Warburg-Council of Foreign Relations/Architect of the Federal Reserve System. “We shall have World Government whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.”

*Mel Gibson---Vanity Fair, 1997, “ Why go in and take a country with a bayonet when you can use the banking system.”

As of the March quarter 2018, Australia’s net foreign debt for the first time was more than a trillion dollars, at $1.03 trillion. Gross or total foreign debt is, $2.17 trillion, but economists offset what is owed to Australia from overseas to reach a net figure that is 57 per cent of Australia’s GDP. Offsetting debt in this way assumes that overseas debtors won’t default on their obligations to Australia, which recent history proves, can be a false assumption. The relevance of the net figure is therefore doubtful.

At the end of the day, Australia owes and must pay interest on $2.17 trillion dollars, more than 100 per cent of GDP. Who are the banking institutions that this money is owed too? Foreign debt was started by Bob Hawke and Paul Keating in 1983 when the then treasurer Keating deregulated the banks. And it has grown under every government since.

The political parties who have taken Australia down this path of irreversible bankruptcy are of course Liberal, Labor, Nationals and the Greens. So why would anyone being of sound mind and slight intelligence ever vote or even support these political parties.

With most Australians ignorant of their own history.

The Commonwealth Bank

The People’s Bank

In 1891, after the labor movement was crushed in the great shearers and maritime strikes of 1890, it turned to politics. The issue of the General Welfare or Common Good, as it was called in Australia back then, was paramount to the early founders of the Australian Labor Party who desired, what they called “National Federation” of Australian colonies as opposed to the “Imperial Federation under the Crown.”

They, like the Americans, made the adoption of a National Bank, a corner stone for the fight for our sovereignty. They embedded such a bank in the platform of the Labor Electoral League, a forerunner of the ALP in the NSW election in 1891. In that election, 37 Labor members for the first time representing an actual Labor Party, were elected anywhere in the country.

With the adoption of “Imperial Federation” under the Crown in 1901, the struggle to adopt and maintain a national bank was Labor’s outlook, which was captured in an editorial of January 5th, 1907, in The Brisbane Worker, one of the papers owned by The Australian Workers Union, under the leadership of its founder and organizer W.G Spence.

“The Money power! It is the greatest power on earth; and it is arrayed against Labor. No other power that is or ever was can be named with it. … It attacks us through the press--a monster of a thousand lying tongues, a beast surpassing in foulness any conceived by the mythology that invented dragons, werewolves, harpies, ghouls and vampires. It thunders against us from innumerable platforms and pulpits. The mystic machinery of the churches it turns into an engine of wrath for our destruction.

“Yes, so far as we are concerned, the head- quarters of the money power is in Britain. But the money power is not a British institution; it is cosmopolitan. It is of no nationality, but all nationalities. It dominates the world. The money power has corrupted the faculties of the human soul and tampered with the sanity of the human intellect…

“And that is why labor men and women should stand religiously to their principals and refuse the baits of compromise and expediency. The labor party represents the only movement able to cope successfully with the money power, the only force not vitiated by it”.

From the time of his arrival in the late 1890’s a man by the name of King O’Malley (1885 – 1953) who had emigrated from America, campaigned ceaselessly for a National Bank. In 1896 he was elected to the South Australian House of Assembly as the member for Encounter Bay. In 1901 O’Malley entered the first House of Representatives as the independent member for Tasmania, advocating, amongst other things, the establishment of a National Banking System. His detailed proposals for one became part of Labor’s “Fighting platform” in Its non-negotiable principals at the party’s Brisbane conference in 1908. He then gave his allegiance to the Labor Party.

On September 30, 1909, in a five-hour speech on the subject to the Federal parliament, O’Malley emphasized:

“The private Banking System of the Commonwealth is only legalized monopoly for gathering of wealth from the many, and its concentration in the hands of a privileged few. The system established by America’s first Treasurer, Alexander Hamilton, should be adopted instead,” he argued adding “I am the Hamilton of Australia. He was the greatest financial man who ever walked this earth, and his plans have been improved upon. The American experience should determine us to establish a national banking system which cannot be attacked. We are legislating here for the countless multitudes of future generations, who may bless or curse us…. We are in favor of protecting not only the manufacturer but also the man who works for him. We wish to protect the oppressed and downtrodden of the earth. However great the natural resources of the nation, however genial it’s climate, fertile its soil, ingenious and enterprising it’s citizens or free it’s institutions, if the money volume is manipulated by private capitalists for selfish ends, its credit shrinks, and prices fall. Its producers and businesspeople must be overwhelmed with bankruptcy, its industries will be paralyzed, and destitution and poverty will prevail. If Australia implements a national bank” O’Malley said “a glorious future will open up for it. In the commonwealth, the national banking system will greatly reduce interest rates that useful productions will increase in leaps and bounds. Wealth, instead of accumulation in the hands of a few will be distributed amongst the producers. A large proportion employed on relief works, building up cities, will be expanded in cultivating and beautifying the country. Natural improvements will be made to an extent, and in perfection unexampled in the history of the world. Agriculture, Manufacturers, inventions, science and the arts will flourish in every part of the nation. Those who are now non producers will naturally become producers. Products will be owned by those who perform the labor, because the standard of distribution will be neatly to the rights of humanity.”

On October 5, 1911, over opposition from his own party’s leadership, including Prime Minister Andrew Fisher and the then Attorney General Billy Hughes, King O’Malley with James Scullin and other members known as the “Torpedo Brigade,” decided that at a meeting of the caucus, whoever was called upon by the Prime Minister for new business, would move the adoption of a bank bill by the government. The honor fell on Hon. J.M Chatner, and Dr. William Maloney, Chairman of the “Torpedo Brigade” seconded the motion.

After vigorous debate, advocates of the bank defeated leaders of the government and forced them to bring down the bill for the bank. A few favored the establishment of a Commonwealth bank facilities. It would give a means for taking over state debts. Since federation the question of the Commonwealth Government taking over state debts had been under consideration. The following men supported King O’Malley in the caucus: W.G. Higgs, J.K. McDougall, G. Can, T. Brown, Dr W. Maloney, J. M. Chanter, W.F. Finlayson, J.M. Fowler, F. Brennan, J. Matthews, F.J. Foster, J.A. Jensen, A.T. Ozane, W. Webster, E. Riley, P. Maloney, J.H. Scullin, W.G. Spence, F.W. Banford, F. Anstey, J.E. Fenton, L. Smith, H. DeLargie, A. Rae, R.K. Ready, A. McDougall, D.J. O’Keefe and S. Barker.

One fact of the campaign for a Commonwealth Bank merits attention. If King O’Malley had continued publicly advocating a National Bank, the private banks would have naturally prepared to block the proposal from going into effect. As it was, however, bankers, after the conference with Government leaders in 1910, thought the matter settled. The prolonged silence of King O’Malley seemed to confirm this view.

Consequently, when Caucus, on October 5th, 1911, voted for the bank, leaders of the private banks were caught unprepared. It is very doubtful if King O’Malley would have succeeded if he had not been silent.

From Dr L.C. Jauncey’s (Harvard University) Australia’s Government Bank Book, and quoted in the House of Representatives on October 19, 1927, by Sir Earl Page. The Bill establishing the Commonwealth Bank was passed in a more limited form than the issue, reserve, exchange and deposit which O’Malley desired.

The new Commonwealth Bank opened for business on July 15th, 1912, and rapidly accomplished several things. It stopped the bank crash on the eve of World War one. It financed at much lower interest rates than prevailed in London, much of Australia’s involvement in that war. It provided the capital for infrastructure and other projects including the Transcontinental Railway whose construction O’Malley personally oversaw and directed as Home Minister in Andrew Fisher’s cabinet from 1910 -1913.

Sir Denison Samuel King Miller was born near Wollongong on the 8th of March 1860 and educated at Deniliquin public school where his father was headmaster. He joined the local branch of the Bank of New South Wales obtaining a transfer to the head office in Sydney in 1882. He became head accountant in 1896, Assistant to the General Manager, John Russell French, in 1900 and Chief Metropolitan inspector in 1909. Strongly recommended by French, he was handpicked by King O’Malley to be the first head of the Commonwealth Bank.

O’Malley was fully aware of the stakes involved and had told Miller, “You have a chance to make history, Brother Miller, Australian History, which will become World History. Think the matter over deeply and accept the job. Decide to make history. I am sure you’re the man to do it”.

Denison Miller was appointed the first Governor of the Commonwealth Bank on June 1st, 1912. The bank’s sole capital was 10,000 pounds advanced by the government. By January 1913 the Commonwealth Savings Bank operations extended throughout Australia and general banking business had begun. On March the 12th 1913 at an official ceremony to mark the commencement of building, Lady Denman, wife of the Governor General, named Canberra. And the foundation stone of the nation’s capital was laid by Lord Denman, Prime Minister Fisher and Home Affairs Minister King O’Malley. The Banks resources totaled 9,750,000 pounds by January 1914. On September 13th, 1915, the Commonwealth Government imposed income taxes for the first time in the Commonwealth, to pay for war expenditures. During World War I, Denison Miller created a succession of war loans that raised more than 190,000,000 pounds. Miller's seven-year term as governor of the bank was renewed in 1919 and the note issue was given to the bank in 1920.

In 1921 during an interview, Sir Denison Miller as Governor of the Commonwealth Bank, was asked if he, through the Commonwealth Bank, had financed Australia during the First World War for 700 million pounds. He replied, “Such was the case, and I could have financed the country for a further like sum had the war continued”. Asked if that amount was available for productive purposes in this time of peace he answered “Yes”.

Sir Denison Miller also said in the Australian press on July 7, 1921 “The whole of the resources of Australia are at the back of this bank, and so strong is the Commonwealth Bank, whatever the Australian people can intelligently conceive in their minds and will loyally support, that can be done. As long as the race that made Australia stands, so too will the Commonwealth Bank”.

On 6th June1923, Sir Denison Miller died suddenly.

In 1924 Prime Minister Stanley Melbourne Bruce arrived back from London with orders to do something about the Commonwealth Bank. Its powers were gutted under its new chairman Sir Robert Gibson. In 1929 with the world plunging into the Great Depression, a Labor government under Prime Minister James Scullin, a member of O’Malley’s Torpedo Brigade, came to power in October.

Scullin's Treasurer, Ted Theodore, introduces two Bills--the Central Reserve Bank Bill to establish a new reserve bank, which would control the paper note issue and the gold reserve and mandate all private banks to keep 10% of their current accounts and 3% of their reserves with it, and the Commonwealth Bank Act Amending Bill, to replace the six member big business dominated board with a single governor, such as it had under Sir Denison Miller. Both bills are killed by the Senate.

The Bank’s Chairman, Sir Robert Gibson, is asked to issue 18 million pounds in notes for public works to provide work for men whose families are beginning to starve. He adamantly refuses saying, “Prime Minister and members of the Cabinet. You asked me to inflate the currency. My answer is that I bloody well won’t”.

Inflating the currency was a lie: Australia’s money supply had dropped from 57 million pounds in 1924 to 42 million pounds in 1929.

Under enormous pressure, the federal Labor government and State Premiers sign on to Niemeyer’s demands by adopting the so-called Premiers Plan, which cuts jobs and relief payments. The same day however, a special conference of unions and the Australian Labor Party passes an emergency resolution calling for a five-year moratorium on overseas interest payments, and the cancellation of all war debts owed to the City of London, and the mobilization of the credit, for the community to work for sustenance for the revival of industry.

Author of the resolution is Victorian MP Frank Anstey, another member of O’Malley’s Torpedo Brigade and mentor of John Curtin.

On October 25, 1930John Thomas Lang (1876 -1975) i.e., Jack Lang sweeps to victory as New South Wales Premier, campaigning against “Niemeyerism”. One of his chief campaigners is future Prime Minister John Curtin. In 1931 Jack Lang formulates the “Lang Plan” supported by Frank Anstey, which has three main points: A partial moratorium on debts to the British, since much of the debt dated from World War One when Australia had lost 60,000 of her finest young men fighting to defend the British Empire; The lowering of all internal interest rates to 3%; And the adoption of a “Goods Standard” to replace the usurious, London-controlled “Gold Standard.”

Cabinet Minister Frank Anstey supports Lang: “If I have to make a choice between this government constantly belly crawling to the banking power and John Lang, then give me John Lang”. In a bitter faction fight, Anstey is dumped from cabinet.

His protégé, John Curtin, authors a pamphlet entitled Australia’s Economic Crisis and the 55,000,000-interest bill: How the years of Money Power Extortion have brought misery to the Nation. Curtin concluded his pamphlet with a ringing call for a National Bank.

On December 19, 1931, NSW Premier Jack Lang, threatens a debt moratorium against the British. He had implemented an Anti-Eviction Bill to stop the escalating tide of evictions along with a Moratorium Act, to stop bankrupt farmers from being driven off their land. Then, in March 1932, Lang refused to pay the next payment due to the British Bondholders. He would later explain “We were spending 3 million pounds a year from State Taxation on relief of distress. If we sent 3.5 million pounds overseas to meet interest payments, we would have to stop issuing dole tickets, and put men off public works being maintained for the relief of the unemployed. I had no intention of doing that. So, the Bond Holders would have to wait their turn. It was simply a question of whether the bond holders went unpaid.” During this time Jack Lang built the Sydney Harbor Bridge which provided employment for many unemployed and symbolized the hope of many Australians at the time of the Depression. On March 19th, 1932, at the official opening of the Sydney Harbor Bridge, New Guardsman Col. Francis de Groot preempted NSW Premier Jack Lang, by riding forward on his horse and cutting the ribbon with his sword.

On May 13th, 1932, the Queen’s representative in NSW, the Governor Sir Phillip Game, sacked Jack Lang as Premier. On June 5th, 1932, the largest crowd in the history of Australia, estimated between 400,000 and 500,000 of Australia’s total population of less than 7 million, turned out in a rally at Sydney’s Moore Park to support Lang.

New South Wales Premier Jack Lang, like King O’Malley, was a fierce enemy of the “Money Power.” He wrote in his 1962 book The Great Bust, of how the City of London-centred “Money Power” functioned.

“The City of London for more than two hundred years dominated the financial affairs of the world. It had mastered the technique of the management of money. London was the exchange hub of the world. With the Bank of England, Lloyds of London, the great investment brokers, the underwriters, the insurance combine, and its shipping trusts, it was able to gather together all the intricate strands of the world’s most efficient money machine. Most countries paid their tribute in the form of dividends, interest and premiums. The sun indeed never set on the far-flung dependencies of the City of London.

“From the time I first came into contact with the system, as Treasurer of the then sovereign State of New South Wales, I had many opportunities to study the machine in actual operation. One could not help but admire its expert handling of the smallest details of a deal. At the same time, it was impossible to ignore the inescapable conclusion that it was leech-like in its methods.

“It was the City of London that had established what was known as the Mercantile System out of the industrial revolution. The Victorian era had been one of great commercial expansion. With that rare genius for political invention, Gladstone, Disraeli and other British statesmen sought a substitute for the old system of Crown Colonies. They found it in the British Empire. The formula was to hand to the colonies the right to govern themselves providing they did not break the financial nexus with the City of London.”

Lang then described how this great octopus entirely dominated Australia:

“The City of London provided all the capital required for the development of the colonies. The City controlled the ships, the wool and wheat exchanges, the insurance houses and all the other machinery of trade and commerce… .

“The Old Lady of Threadneedle Street, as they called the Bank of England, presided over the financial dynasty of the Empire. It was supported by the Big Five, the major private banks. If a government in the Dominions or the colonies wanted to raise money, it had to go through approved channels. The financial world was divided into zones of influence. The Houses of Nivison, Rothschild, Barings, Morgan and Grenfell, all had their respective rights. If a government in the colonies wanted to raise money, it could only approach one firm. It had to meet a rigidly controlled scale of under writing fees. It had to accept the conditions and the interest rates dictated by its London agents who were actually agents for the British investors. There was no room for argument. It was a case of taking it or leaving it. It was useless to try another source.

“The city had its own underground communication system. It was left to the underwriters to divide up the spoil. They simply produced the clearing house. In addition, there were the big mortgage companies, who had invested in colonial estates, handled colonial primary produce and advanced money to colonial settlers. They were closely allied to the banks. They specialized in mortgages. As they invariably reserved the right to handle all the produce as well, they perfected a form of tied business that left no loopholes for the client. Usually, the banks and the mortgage companies had interlocking directorates, who specialized in colonial business. So, in Australia, the grazers, the farmers, as well as most of the import houses, the principal mining companies as well as the banks, insurance companies and shipping, all led directly back to the City of London.

“That had been the complete picture when Australia entered the First World War. All our railways, our power plants, our school buildings and even our police courts and goals had been built with money supplied by the City of London. We were a debtor nation. The bondholders never permitted us to forget it.”

In 1936 the Royal Commission on Banking, though appointed by the Lyon Government, finds that not only should the Commonwealth Bank have expanded credit in the late 1920’s and early 1930’s instead of restricting it, but that, in the case of conflict between the bank and the Government, “The views of the government should prevail”. Future Prime Minister Ben Chifley is a member of the Commission.

September 20th, 1937, John Curtin gives his policy speech in Fremantle. He refers to the findings of the 1936 Royal Commission saying, “These findings emphasize the degree in which the Royal Commission on Banking realizes that banking is more than mere finance, that it is in fact a great social function which should be controlled in the permanent interest of the people”.

To deal with unemployment and to make that industrial and economic preparedness, which is the essence of national defense and security, three related monetary measures are necessary:

National control of credit to ensure its adequacy to maintain and increase employment.
National control of interest rates, in order to keep to a minimum, the monetary and capital cost on production and industry.
National direction of investment with the object of assisting in the promotion of balanced economic development.

“The Commonwealth Bank is the logical instrument to function for the community in effecting monetary re-adjustment and economic reconstruction. The Labor Government will legislate so that the Commonwealth Bank would be able to completely control:

Credit of the nation.
Rates of interest.
Direction of general investment.
Currency relations with external markets.

The Labor Party points to the planks of its platform and insists that the Bank must have its original charter restored.

In 1939 on the eve of World War II, veteran campaigner King O’Malley raises his voice once again for a National Bank, in his pamphlet, “Big Battle”:

“Oh! Would that I possessed the power to arouse the Australian people to the imperative importance of revitalizing the Commonwealth Bank! In financial crisis they have suffered, but their minds seemed to be possessed with the fatalism of the Turks. But I say it is not the will of God which produces panics, but a want of an intelligent banking system. Banking is the fundamental function. The banks should be co-workers with the producers and traders. The Commonwealth Bank should possess the capacity to continue exercising the banking functions and thereby sustaining normal values during the fiercest commercial crisis. A system possessing potential financial power such a capacity in connection with the talent for production, trade and commerce possessed by the people of Australia and the boundless wealth of its natural resources may make Melbourne instead of London the principal exchange city of the world, and Australia instead of England the creator nation of the world”.

December 27, 1941, Prime Minister John Curtin assumes control over the deployment of credit, and Australia begins the greatest surge in production in its history, becoming self-sufficient in machine tools and even supplying Allied Forces abroad.

January 1945, Treasurer Ben Chifley tables legislation to make the wartime control of banking which directed credit to the benefit of the national interest, permanent. Chifley tells parliament, “The intention of this legislation is to ensure that the banking system of this country shall work in the interests of the people as a whole. It has been planned in such a way as to ensure that final authority over the monetary policy of the country shall rest with the government, which is responsible to the parliament, and to the people. No longer shall we leave control of the monetary system of this country in the hands of people with no special training, whose interest are personal and material and associated with ‘Big Business’.”

The bill becomes law but is bitterly opposed by the private banks. In 1947 the High Court overturns whole sections of Chipley’s banking bill. Prime Minister Chifley, as he now is, passes a new bill providing for the Commonwealth Bank to take over all private banks. Chifley tells parliament that the purpose of the bill is to develop the immense resources of Australia: “Essentially the task of the new (Banking) organization will provide a financial mechanism appropriate to the needs of our rapidly growing economy. Australia is destined to see great developments in the coming years and this process, which is already underway, must be promoted by every means possible. The basic services of transport, communications, water supply, power, housing, health and education must be enlarged to meet the needs of a larger economy, a banking system created to serve the welfare of the community”.

The private banks immediately launch an all-out assault on the Law in the High Court, employing Sydney K.C. (Kings Council) Garfield Barwick, in August 1948. The High Court finds in favor of the private banks, overturning Chifley’s legislation and in 1949 The Privy Council of London also finds in favor of the private banks. The banks launch a campaign to drive Chifley from office.

The Brisbane Mail of July 31, 1949, writes, “The decision of the Privy Council against the nationalization of banking in Australia has touched off an all-out campaign by the banks and bank officers to sink Chifley at the federal elections towards the end of this year”. The campaign was successful and Robert Menzies comes to power.

Sir Robert Gordon Menzies (1894 –1978) was the youngest-ever Kings Councilor in Victoria and was awarded the highest honorary British Office ever held by an Australian as Warden of the Cinque Ports. He first became Prime Minister in April 1939 upon the death of J.A Lyons. The opposition rejected his proposal for an all party wartime administration in September 1939 after making his pledge to support Britain “to the last man and the last shilling” following the outbreak of war on September the 3rd 1939.

In the years 1940 and 1941 Menzies had stripped Australia of virtually all of its trained manpower, by sending the 6th, 7th and 9th Inventory Divisions to North Africa and the Middle East. After party dissention in August 1941 he was compelled to resign.

As early as 1934 B.H.P. managing director Essington Lewis began to warn about the danger of an impending war, and the need to build up Australia’s defences following a trip he had taken to Japan. Lewis returned convinced of both the danger that Japan presented, and the urgency for Australia to build its own ships, but more importantly, its own air force and aircraft production capacity. His warnings were ignored, so in 1936, B.H.P and five partner companies formed the Commonwealth Aircraft Corporation and built a factory at Fishermen’s Bend in Melbourne and began the production of 40 Wirraway aero planes. When war broke out three years later, they represented Australia’s only aircraft production capability and a base from which to produce aircraft, thanks to Essington Lewis’ foresight.

Lewis and John Curtin went on to become the two most significant Australian figures in War World Two. When General Douglas Macarthur arrived in Australia on March 17, 1942, he was given a status report on March 20 on the defences available to Australia. There was less than one American division, virtually no planes, and most of Australia’s experienced troops were still abroad. After getting the report and having seen the devastation in Darwin, Macarthur could only say, “God have mercy on us”. In his biography, Macarthur would later say of the condition of Australia left by Menzies, “It was the greatest shock of the whole war”.

From David Allen Rivera “Final Warning”, The History of the New World Order

“American and British Intelligence have documented evidence that the House of Rothschild, and other International Bankers, have financed both sides of every war, since the American Revolution. Financier Haym Salomon, who supported the patriots during the American Revolution, then later made loans to James Madison, Thomas Jefferson, and James Monroe, was a Rothschild agent. During the Napoleonic Wars, one branch of the family funded Napoleon, while another financed Great Britain, Germany, and other nations. Their boldest maneuver came prior to the Civil War.

The Rothschild’s operate out of an area in the heart of London, England, the financial district, which is known as ‘The City’ or the ‘Square Mile.’ All major British banks have their main offices there, along with branch offices for 385 foreign banks, including 70 from the United States. It is there that you will find the Bank of England, the Stock Exchange, Lloyd’s of London, the Baltic Exchange (shipping contracts), Fleet Street (home of publishing and newspaper interests), the London Commodity Exchange (to trade coffee, rubber, sugar and wool), and the London Metal Exchange. It is virtually the financial hub of the world.

Positioned on the north bank of the Thames River, covering an area of 677 acres or one square mile (known as the “wealthiest square mile on earth”), it has enjoyed special rights and privileges that enabled them to achieve a certain level of independence since 1191. In 1215, its citizens received a Charter from King John, granting them the right to annually elect a mayor (known as the Lord Mayor), a tradition that continues today.

Both E. C. Knuth, in his book Empire of the City, and Des Griffin, in his book Descent into Slavery, stated their belief that ‘The City’ is actually a sovereign state (much like the Vatican), and that since the establishment of the privately owned Bank of England in 1694, ‘The City’ has actually become the last word in the country’s national affairs, with Prime Minister, Cabinet, and Parliament becoming only a front for the real power. According to Knuth, when the Queen enters ‘The City,’ she is subservient to the Lord Mayor (under him, is a committee of 12-14 men, known as ‘The Crown’), because this privately-owned corporation is not subject to the Queen, or the Parliament.

There seems to be little doubt that the Rothschild’s continue to influence the world economy, and it is known that they are squarely behind the movement to unite all the western European nations into a single political entity, which is just another step towards one-world government.”

On September 10th, 1984, the then-treasurer Paul Keating and the Federal Government invited the Foreign Banks to establish their business in Australia. Sunday Herald Sun July 14th, 2002 “Ray hits Keating Bank sell-off” Christine Jackman. “The Hawke-Keating Labor Government rushed through the sale of the Commonwealth Bank with no proper briefing of Cabinet. Labor power broker Robert Ray and several other senior Labor figures have admitted misgivings about the sale in private interviews for a PhD Thesis by Shadow Trade Minister Stephen Martin. And, in a possible indication of Telstra future under Labor, some admitted it was impossible to stop the full sale of the Commonwealth Bank once part of it was sold.

“The thing about the Commonwealth Bank was once you sold a third of it, you had buggered the lot”, former speaker Leo McLeay told Mr. Martin. “Once you sell a percentage of a public utility, you lose control”. At the time, the Government justified the partial sell off of the Commonwealth Bank as a means of funding a rescue takeover of the State Bank of Victoria, which was on the verge of collapse in 1990, but Senator Ray said the Victorian crisis “was just used as a lever to flog off the (Bank)”. “Cabinet made the decision without any briefing papers being given out in advance, just told ‘this is the decision we had to make’. He said “The Commonwealth Bank was sold for one reason only, to make money to put into the Budget”; Shadow Treasurer Bob McMullan admitted he had since questioned his own support for the sale. “I was pretty reluctant, but I thought it was necessary” Senator McMullen said. “In hindsight, I’m not so sure”. The Martin thesis was completed in July 2000 for a Doctorate in economics from the University of Wollongong and has just been released from a university embargo. On the 25th of August, 1986 in the West Australian newspaper, General Manager of the Commonwealth Development Bank, Mr. John Fletcher, warned that Australia’s money system was being sabotaged. “Foreign exchange dealers and multi-national banks are using dirty tactics deliberately to run down the Australian dollar. The multi-national bankers should never be underestimated in the lengths they will go to, and the dirty tactics they will employ in pursuing their profit objectives.”

When the Labor Party sold the Commonwealth Bank, they not only sold the Bank, but they also sold Australia’s sovereignty and put our children and grandchildren’s destiny directly into the hands of the Money Power, the very same power that King O’Malley, Denison Miller, James Scullin, Frank Anstey, John Fitzgerald, William Spence, John Curtin, Ben Chifley, Jack Lang and his brother-in-law Henry Lawson, had fought so hard against, to free Australia from.

Today the Money Power is centered in Rothschilds Inter-Alpha group. Lord Jacob Rothschild founded the Inter-Alpha Group of banks in 1971, at the exact time that Richard Nixon took the gold of the U.S dollar and ended the Bretton Woods system of protection with fixed exchange rate. Now comprised of 12 Banks- Royal Bank of Scotland Group, Ing Bank Netherlands, both prominent in Australia. Société General France, Santander Spain, Nordea Denmark, Finland and Sweden. A.I.B. Group Ireland. Banco Espirito Santo, Portugal. K.B.C. Bank Belgium. Commezbank Frankfurt am Main, Germany. Intesa Sanpaolo covering most nations in the E.U. But with a web of interlocking ties to all central banks in Europe and other private banks worldwide. Inter-Alpha today dominates the world monetary system (controlling 70 per cent of all global finance) through the flawed financial system and it is a direct descendant of the British East India Company. Most, of the $35 trillion dollars of tax-payer funded bail-out money world-wide has gone to Rothschild’s Inter-Alpha and private banks, The City of London, the EU and the IMF forced the Irish government to hand over its entire public pension fund of some 17.5 billion euros, to slash the minimum wage by 12 per cent, public service pensions by four per cent, the public service itself by 24,750, coupled with a increase in the VAT consumption tax from 21 to 23 per cent and a (100 per cent increase in the carbon tax to 30 euro per tone).

Rothschild’s at the time of its inception also made up the 7 private banks known as the Federal Reserve Bank of America formed in 1913,. Rothschild’s Banks of London and Berlin, Lazard Brothers Bank of Paris, Israel Moses Seif Bank of Italy, Warburg Bank of Hamburg and Amsterdam, Kuhn, Loeb Bank of New York, Chase Manhattan Bank of New York and Goldman, Sachs Bank of New York. These bank’s are a private credit monopoly which has preyed upon the people of the United States and now they intend to hold the world to ransom they have nothing to do with anything government or anything American These banks have created the $14.3 trillion Federal debt, this debt has more than doubled since 2000, 60% of the Worlds’ reserves are held in U.S. dollars. The GDP of the U.S. is $14.7 trillion the U.S. is headed for bankruptcy. (If you wanted to pay off a trillion dollars of debt at a dollar a second it would take 32,000 years.) When the U.S. dollar collapses it will take the rest of the world with it, Australia included. The last time the world faced a similar situation to this was in the fourteenth century when the Venetian bankers in St Mark’s square collapsed the world’s financial system and brought on a period in history known as “The Dark ages.”

Abraham Lincoln –

“The money power preys upon the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes.

Today N.M Rothschild & Sons Ltd of New Court is:

Key Bullion broker in the English Commonwealth. Owner and Operator of the Royal Mint Refinery. Gold agent to the Bank of England. And sets the price of gold bullion twice a day.

Rothschild’s’ have been among the principal dynamos powering the modern stress cycle. They are the arch demons of our Zeitgeist that is half the reason they are legend. The other half lies in their ability to transcend the very same Zeitgeist they have been spreading.

"Portrait of a Dynasty" Frederick Morton.

*Peter Kershaw ---“The Founding Fathers of this great land had no difficulty whatsoever understanding the agenda of bankers, and they frequently referred to them and their kind as, quote,’ friends of paper money.’ They hated the bank of England, in particular, and felt that even were we successful in winning our independence from England and King George, we could never truly be a nation of freemen, unless we had an honest money system. Though ignorance, but moreover, because of apathy, a small, but wealthy, clique of power brokers have robbed us of our Rights and Liberties, we are being raped of our wealth. We are paying the price for near-comatose levels of complacency by our citizens, and god only knows what might become of our children, should we not work diligently to shake this country from its slumber! Many a nation has lost its freedom at the end of a gun barrel, but here in America, we just decided to hand it over voluntarily. Worse yet, we paid for the tyranny and usurpation out of our own pockets with “voluntary” tax contributions and the use of a debt-laden fiat currency!”

Australia’s net foreign debt from 2007 Australian Bureau of Statistics year book. At the 30th of June 2006 was $493.8 billion, up $61.9 billion on 30th of June 2005. The increase during 2005 – 2006 resulted from a $118.1 billion increase in net foreign debt liabilities. Total foreign debt liabilities are $833.451 billion. Today in 2010 Foreign Debt is $1.2 Trillion and growing.

KING O'MALLEY, (1858-1953), Founder of the Commonwealth Bank. On September 30, 1909 in a five-hour speech on the subject to the Federal parliament, O’Malley emphasized:

In 1939 King O’Malley had vigorously entered the: Save the Commonwealth Bank Campaign”, by publishing a booklet, “Big Battle”. He wrote, “I trust that all good and patriotic Australians will swear by the altar of their gods, the tombs of their Ancestors and the cradles of their children, that they will never vote for Parliamentary candidates whose secret mission is to destroy The Commonwealth Bank… and whose brains, if extracted, dried and placed in the quill of a cockcrow and blown into the eye of a bee, would not even make him blink.”

Iinsurance salesman and politician, was by his own account born on 4 July 1858 at Stamford Farm, Quebec, Canada, but more probably at Valley Falls, Kansas, United States of America, son of Irish migrant William O'Malley and his wife Ellen, née King. By O'Malley's own account again, his father was killed in the Civil War and King was sent to live with an uncle and aunt in New York. His uncle owned a small bank where O'Malley started work at 14 after a very sketchy education. Banking fascinated him throughout his life.

O'Malley's interest in politics had been growing and in January 1896 he announced his candidature for the House of Assembly. To be eligible for election a candidate had to be a British citizen; this posed some difficulty, for O'Malley had been proclaiming that he was an American. He overcame this restriction by declaring that he had been born in Canada but brought up in the U.S.A. Although most of his views were in line with those of the United Labor Party, he was returned as an Independent in April 1896 as one of two members for Encounter Bay.

Australian National Encyclopedia

O’Malley, a picturesque and flamboyant figure, he told many colourful stories. At the same time, he was far-seeing, forceful and stubborn. By the exercising of these qualities he succeeded in the two great aims of his political career. The foremost being the founding of the Commonwealth Bank, the other was his desire to secure land for a Federal Capitol.

Frank Anstey 18/8/1865-31/10/1940. Member for Bourke 1910-1940 and mentor to John Curtin, In his book “The Kingdom of Shylock.” Anstey described the “Money Power” which he said controlled and manipulated capitalism from behind the scenes. Quote “London is, so far, the web centre of International finance”. He wrote! “In London are assembled the actual chiefs or representatives of the great financial houses of the world. “The Money Power,” is something more than capitalism. These men constitute a “Financial Oligarchy.” That no nation can really be free where this oligarchy is permitted to hold dominion, and no democracy can be aught but a name, that doesn’t shake it from its throne.”

These men constitute a financial oligarchy as a group of speculators properly designated and distinguished as ‘The Money Power.” They control the whole mechanism of exchange, and all the undertakings, underwritings are subject to its will and machinations. It wields an unseen sceptre over thrones and populations, and bloody slaughter is as profitable to its pockets as the most peaceful speculation.”

In 1975, Thirty- nine third world counties couldn’t pay their debts to the United Nation’s World Bank. So, at a meeting in Lima Peru, between March 12th-26th. Under U.N.I.D.O. (United Nations Industrial Development Organization). Out of which came the (Lima Declaration and Plan of Action). This meant that the developed countries like Australia, New Zealand, etc., would gradually close their Industries down, shift them across to the third world, then import the goods and food back that we used to make and produce here in Australia and the Third World would be given a means in which they could come up to the First Worlds standard of living and be able to pay their debts. At this time Gough Whitlam’s Labor party was in power. The Liberal-National government of Malcolm Fraser went ahead and accepted it. On July 20th, 1978, the then Minister for Foreign Affairs Andrew Peacock gave an address to the Victorian Branch of the Australian Institute of International Affairs. The following is a text from that speech Page 5. “The transfer of technology to developing countries is another basic concern. We are participating actively in the work in the United Nations system aimed at drawing up a code of conduct for the transfer of technology. I am convinced that the developing countries would make rapid strides if the technology appropriate to their needs was made much more freely available to them. It is clear that the research and development capacity of the developed countries could be readily and relatively cheaply directed to that objective. In the field of Industrialization Australia has broadly accepted the Lima Declaration and Plan of Action on Industrial development and co-operation. We will therefore assist in action designed to accelerate industrialization in developing countries and will be participating fully in the relevant international consultations on that objective.”

In 1979 Treasury Economic Paper Number 6 under the heading “NIEO An assessment of the proposals for a new international economic order”. Section 5 Implications for Australian policy, Quote “In this sense, the NIEO proposals as presented in the UN have serious adverse implications for Australia’s security and economic welfare. Moreover, an international economic system that involved the exercise of substantive economic or other powers by international institutions could impinge on Australia’s sovereignty in ways that could have serious implications for the nature of Australian society.”

Since that time 1975 on, Australia has lost over 65% of its manufacturing base has either shutdown or gone over seas and 175,000 family farmers have left their farms while we import $8.9 billion of food a year into Australia. The Lima Declaration spelt the beginning of the end for farming and manufacturing in Australia and that is why I am standing at this federal election. I refuse to vote for political parties who have sold this country out, even though 99.9% of the population doesn’t even know.

The real solution to the national budget, instead of increasing income taxes and the GST.

More than $130 trillion per year is turned over by financial speculators who gamble in currencies, stocks, bonds and derivatives. None of this $130 trillion has anything to do with the real economy A 0.1% {that is $1.00 in every thousand} tax on the damaging financial speculation that drains the wealth out of the real economy, will raise

$130 Billion in one year and discourage reckless financial gambling and keep money in the real economy. It’s time to tax the speculators who have drained the real economy at the expense of every-day working Australian’s and families who have been told that they must carry more burden and work longer and longer because we can’t afford it.

*Benjamin Franklin---“The conditions were so reversed that the area of prosperity ended. The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction, which caused the colonies hatred of England and the Revolutionary War.”

*Abraham Lincoln---“I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country; corporations have been enthroned, an era of corruption in High Places will follow, and the Money Power of the Country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands, and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war. The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than 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.”

The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity. The financing of all public enterprise and the conduct of the treasury will become matters of practical administration.

By the adoption of these principles the taxpayers will be saved immense sums of interest. Money will cease to be the master and become the servant of humanity.

Since the 2007-08 global financial collapse the World trade in banking derivatives has risen to $1.5 quadrillion or 21 times the Worlds’ GDP. Over 450 banks in America alone have failed and been declared bankrupt. In Australia the big four banks derivative exposure has risen from$2 trillion in 1993 to $23 trillion in 2007-08 at the time of the Global financial collapse to $27 trillion now it is only a matter of time until the total collapse comes so confident is the Australian Treasury that the big four banks will fail, that in their 2010-2011 annual report is the costing of $15,000 “legal advice on bail-in mechanism in Australia”. From the Australian Government Solicitor The big four banks have already been classified as “Too big to fail”. What that means is they intend to use your money to bail themselves out of their gambling debts by using your money in bail in. Trouble is if you wanted to pay off a billion dollars of debt at a dollar a second it would take 32years. To pay back a trillion dollars at a dollar a second it will take you 31,688 years.

What sort of banking system has China got? China has a Post office bank and twenty--one government credit banks based on Hamilton’s American credit system.

Since 2009 China’s state banks have issued credit at the rate of $4 trillion dollars per year $20 trillion in total leveraging China’s huge currency reserves by five times. Between 2011-2013 three years China used as much cement as the United States used in the entire 20th century 4 billion tons. Two thirds of all construction cranes in the world are in use in China. From 2006- 2014 China built 16,000-km network of high speed rail lines –Larger than Europe’s entire high speed network, equal to all the rest of the world’s high speed network and is now building another 10,000 km.

Egypt has just completed a new Suez Canal the al Sisi government raised the equivalent of US $9billion in Egyptian money, from the Egyptian people in eight days by selling them bonds the exact same method that Abraham Lincoln used with his green-backs.

There is a bright new future for all of us and it’s just around the corner all we have to do is bloody wake up and grab it, I would have thought the idea of paying very little income tax might be appealing to Australians

Only the return of a “Glass-Steagall bill” will stop the banks from legally taking your money and a return to the American credit system of a national bank based on national sovereignty will return prosperity to Australia. Dump the British debt system and dump the politicians and political parties who support it.

“However great the natural resources of a nation, however genial its climate, fertile its soil, ingenious and enterprising its citizens, or free its institutions, if its money volume is manipulated by private capitalist for selfish ends, its credit shrinks and prices fall. Its producers and business people must be overwhelmed with bankruptcy, its industries will be paralysed, and destitution and poverty will prevail.” King O’Malley 1909.

“Those who stand for nothing fall for anything.” Alexander Hamilton 1776.

An absolutely must see documentary is “MONOPOLY” Who owns the world. By Tim Gielen.

This incredibly eye opening documentary reveals something astonishing; the majority of our world is owned by the same people. Because of this they can control the entire world and impose their wicked agenda onto all of humanity. This is the time to expose them and to rise up as one to defend our freedom. The name of the two companies who virtually owns the world are Vanguard and Blackrock. They are at the heart of The Deep State or Cabal. Their plan is the Great Reset where they want to enslave every human on earth. See more at Https;//www. Stopworldcontol.com.

Inside Job- Narrated by Matt Damon. A comprehensive, cogent detail about the pervasive and deep- rooted Wall Street corruption that lead to the 2008 global economic meltdown. Directed by Charles Ferguson.

Dirty Money—Cartel Bank. (HSBC) Hongkong and Shanghai Banking Corporation. Established 1865. This documentary covers the roll HSBC plays and its links to the Mexican drug cartels and HSBC’s criminal activities.

Australian Debt Clock---1/6/2022 Total Government Debt—$1,522,127,550,400Trillion.

If you wanted to pay off a trillion dollars of debt at a dollar a second it would take 32,000 years.

American Debt Clock---1/6/2022-- $28,538,127,550,800 Trillion

American Made--Tom Cruise plays Barry Seal the true story of a Commercial airline pilot smuggling drugs and arms while working for the CIA.

All Governments Lie, Truth, Deception and the Spirit of I F Stone. Available on SBS on demand

Planet of the Humans, Climate Hustle, Unlawful Killing Princess Diana. Zeitgeist, Unacknowledged,

Offical Secrets, The true story of Katherine Gun. The spy who tried to stop the Iraq war. How the United States and Britain gathered comprising information on U.N. Security Council members to blackmail them into voting in favor of an invasion of Iraq.

Recommended reading-- Wall Street and the Rise of Hitler Anthony C Sutton.

National Suicide; Military Aid to the Soviet Union. Anthony C Sutton.

In May,1964, when the Vietnamese War entered its full-scale ground stage, the U.S. Air Force lost 108 airman killed or missing from various hostile Soviet actions, in addition to 26 aircraft shot down. Between (1961-1964) the American casualty roll was relatively light.

1961--11 killed. 2--wounded./ 1962—31 Killed. 41 wounded./ 1963—78 killed. 218 wounded./ 1964—147 killed. 522 wounded. Then in 1964 the Soviets stepped up the flow of supplies to North Vietnam, President Johnson stepped up the flow of technology to the Soviets and the American toll mounted rapidly.

1965—1,369 killed. 3,308 wounded./ 1966—5,008 killed. 16,526 wounded./ 1967—9,378 killed. 32,371 wounded./ 1968—14,592 killed. 46,799 wounded./ After President Nixon took office in 1969 the toll was as follows—1969—9,414 killed. 32,940 wounded./

1970—4221 killed. 15,211wounded./ 1971—1,380 killed. 5,767 wounded./ 1972—300 killed. 587 wounded.

All casualty data are from the Directorate for Statistical Services, Office of the Secretary of Defense.

WHO CONTROLS THE WORLD’S OIL

In 1863 with partners Maurice Clark and Samuel Adams, John Davidson Rockefeller sr 1839-1937 formed the Standard Oil Company. In 1865 Rockefeller brought out Clark and later brought in Henry Flagler By 1870 their firm was running the largest oil refineries in Cleverland and it became incorporated as The Standard Oil Company and by 1880 controlled the refining of 90-95 percent of all oil produced in the United States. In 1899 The Standard Oil Company was incorporated in New Jersey as a holding company.

On May 15,1911 , Standard Oil was found to be in violation of the Sherman Anti- Trust Act of 1890. The US Supreme Court ordered in a 20,000 word decision that Standard Oil Company ( New Jersey) divest itself into 38 separate companies. The Court said that Standard Oil wanted to establish a monopoly in order “to drive others from the field and exclude them from their right to trade,” and that” seven men and a corporate machine have conspired against their fellow citizens. For the safety of the Republic, we now decree that this dangerous conspiracy must be ended.” .Rockefeller owned 25% of Standard Oil New Jersey, which meant he now owned 25% of all Standard Oil subsidiaries . In 1911 after the break up eight companies retained Standard Oil in their name. In 1931 through another merger Standard Oil of New York became Mobil Oil. In1939 Standard Oil (Indiana) Absorbed Standard Oil of Nebraska and Standard Oil of Kansas in 1948 became Amoco Corporation. In1961 Standard Oil of California acquired Standard Oil of Kentucky and become Chevron in 1984. In 1972 Standard Oil Company of New Jersey changed its name to Exxon which is one of the largest corporations in the world controlling 321 other companies. Standard Oil of Ohio became British Petroleum in 1987. Exxon controls Venezuela’s Creole Oil, Scony or Mobil, Continental Oil (Conoco), Atlantic Richfield (Arco), Gulf Oil, Phillips 66, Texaco Oil, Marathon Oil and Humble oil. Exxon is known as Esso out side the United States and was derived from Standard Oil SO. The 799 mile Alaskan pipe line is owned by British Petroleum and Exxon. The753 mile Trans Arabian pipe line from Qaisuma in Saudi Arabia to the Mediterranean Sea is owned by Exxon,Chevron,Texaco and Mobil. The 143 mile pipeline in Venezuela and the 100 mile Interprovincal pipe line in Canada are both owned by Exxon. These pipelines as well other vital arteries control 90% of all crude exports to world markets. By controlling these pipelines they can restrict the flow of oil, limiting supplies to refineries and increasing costs to consumers at will. In1984 Chevron brought and merged with Gulf Oil and then in 2001merged with Texaco to become Chevron Texaco, The 2nd largest oil company in the US. In 1998 Exxon merged with Mobil to become Exxon Mobil the largest oil company in the US. In 1987 British Petroleum purchased the remaining 45% of Sohio Oil {Standard oil of Ohio} then in 1998 merged with Amoco {Standard Oil of Indiana} and in 2000 merged with Arco (Atlantic Richfield}.In 2001 Conoco{Continental Oil} and Phillips petroleum merged to make ConocoPhillips the third largest oil company in the US. Who controls the World’s oil it was the cartel known as the “Seven Sisters”

Abotic Oil. The theory that oil is not solely of organic origin, but that there may be another origin as well, from deep within the earth’s crust, involving magma.

In 1970, the Russians started drilling the KOLA SG3, an exploration well which reached the world record depth of 40,230 ft. Russian oil company, Yukos has drilled more than 310 successful super-deep oil wells and put them into production. It would be a fairly safe bet to say that there has never been forests more than forty thousand feet below the earth’s surface. NASA scientists have published conclusive studies showing evidence of abundant methane of a non-biological nature that was found on Saturn’s giant moon Titan that validates the findings that oil is not a fossil fuel. (World Net Daily) 1/12/2005.

In their book “Black Gold Stranglehold” Jerome Corsi R.PHD. and Mr. Craig R. Smith expose the fraudulent science that has made the world vulnerable in the belief that oil is a fossil fuel and that it is a finite resource. The book reveals the conclusions reached by Dr. Thomas Gold, a professor at Cornwell University in his seminal book “The Deep Hot Biosphere”, The myth of fossil fuels; accepted by many in the scientific community that oil is not the product of fossil and pre-historic forests but rather the bio product of a continuing bio-chemical reaction below the earth’s surface that is brought to obtainable depths by the centrifugal forces of the earth’s rotation., replenished by process in earth’s mantle.

NO I.G. FARBEN NO HITLER

Hitler’s main source of economic power was from the I.G.Farben chemical cartel.

The I.G. Farben cartel was created by loans from Wall Street in what was called the Dawes plan. Carroll Quigley described the Dawes Plan as “largely a J.P. Morgan production.” The J.P. Morgan Group set up the loan to I.G.Farben, and administered by Paul Warburg and his brother Max Warburg which created Hitler.

Without the capital supplied by Wall Street, there would have been no I.G. Farben, no Hitler and probably no World War 11 under Adolph Hitler. Henry Ford merged his German assets with I.G. Farben in 1928. The cartel created the lethal Zyclon B gas that was used to exterminate Jews. It was also involved in the torture experimentations that led to mind control methods, such as Monarch Programming.

Germany was at a significant disadvantage if they were to embark on a second world war. The nation had a fuel shortage, I.G. Farben fixed this problem, So Germany was able to fight W.W.11 through the use of synthetic fuels that were created by the Hydrogenation process (turning coal into gasoline). This process was discovered by I.G. Farben. Hydrogenation technology was not fully developed by W.W.11. I.G. Farben made a deal with Rockefeller’s Standard Oil, who was able to complete the research, facilitating W.W.11. Surprisingly no I.G. Farben plants were targeted by Allied Bombing raids on Germany. By the end of the war the refineries had experienced only 15 % damage. The American Ambassador to Germany before W.W.11, William Dodd wrote to President Roosevelt: “At the present moment, more than a hundred American corporations have subsidiaries here or co-operative understandings, The Dupont’s have their allies in Germany that are aiding in the armament business. Their chief ally is the I.G. Farben Company….,, Standard Oil Company… sent $2,000,000 here in December, 1933 and has made $500,000 helping the Germans improve hydrogenation technology…, The International Harvester Company President, told me that their business here rose by 33% a year, but they could take nothing (earnings) out (except in goods). Even our airplanes people have secret arrangements with Krupps. General Motors Company (which was controlled by J.P. Morgan Group) and Ford do enormous business here through their subsidiaries and take no profits out”. Germany needed the capital of these and many more American companies in order to wage war. I.G. Farben had a holding company in the United States called American I.G. Farben. Paul Warburg, his brother Max (head of Germany’s Secret Service during W.W.1.), and Warburg agent Herman Metz were some of the members of the board of directors of the American I.G.Farben. Other directors included Rockefeller/International banking men Edsel Ford, Charles Mitchell and Walter Teagle. Three Germans on the board of Governors were convicted as war criminals after the war, but the elite Americans were not, even though they had participated in the same criminal decisions as those who were convicted. According to author Eustace Mullins, Hitler met with Allen Welch Dulles and John Foster Dulles in 1933. The Dulles brothers were acting as legal representatives of Schiff and Warburg’s Kuhn & Loeb Co, which was an integral part of the Rothschild network. Mullin’s claims Kuhn and Loeb had extended short term credits to Germany, and needed to ensure repayment of these loans. The Dulles assured Hitler he would receive the funds necessary to be installed as Chancellor of Germany, if he promised to repay the debts. One of the largest tank manufacturers for Germany was Opel, which was controlled by J.P.Morgan. Bendix Aviation, which supplied data to Germany on automatic pilots, aircraft instruments and aircraft and diesel engine starters was controlled by J. P. Morgan. I.G. Farben produced 84% of all Germany’s Bombs that were dropped during the Second World War. Professor Anthony C. Sutton in his book, “Wall Street and the Rise of Hitler” clearly points out that World War 11 was not only well planned, it was also extremely profitable-for a select group of financial insiders. Carefully tracing this secret through original documents and eyewitness accounts, Professor Sutton, documents the roles played by J.P. Morgan, T.W. Lamont, the Rockefeller interests, General Electric Company, Standard Oil, National City Bank, Chase and Manhattan banks, Kuhn, Loeb and Company, Union Banking Corporation of New York Director & Vice President Prescott Bush Father of George H. Bush and grand father of George W. Bush who worked with E,R. Harriman and W.A. Harriman and other business elitists to fund the rise of Hitler. The Second World War was created by the Illuminati, Rothschild, Morgan, Warburg and Schiff. “After the end of the war, the Tribunals that investigated Nazi war criminals censored any materials recording Western assistance to Hitler,” Anthony C. Sutton.

The Melbourne “Age,” of September 26, 1940, published the following article “The New York Daily News states that $10,000,000. dollars worth of war materials are going to Germany and Italy from the U.S. every month via Spain, Portugal, Cuba, Russia and Mexico. Department of Commerce figures show for example compared with the first seven months of last year’s shipments across the pacific to Russia and hence to Germany, were leaping up.”

The Melbourne “Argus” of March 7th, 1941 contained the following; “Germany’s funds in the United States now total $300,000,000. Dollars, according to official data on international finance made available today. These funds are said to be increasing faster than they can be spent….. These funds reliable sources affirm that Germany’s financial position is so favorable that some dollar assets for which Germany finds no use are being transferred to ……Japan.”

On the 27th, April, 1961. The President of the United States of America.

John Fitzgerald Kennedy (29/5/1917----22/11/1963.)

Gave an address at the Waldorf-Astoria Hotel, New York City.

To the American Newspaper Publishers Association.

Entitled “ The President and the Press.”

(11) For we are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence—on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerillas by night instead of armies by day. It is system which has conscripted fast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations. Its preparations are concealed, not published. Its mistakes are buried, not headlined. Its dissenters are silenced, not praised. No expenditure is question, no rumor is printed, no secret is revealed it conducts the cold war, in short, with a war-time discipline no democracy would ever hope or wish to match……….

Today no war has been declared—however fierce the struggle may be, it may never be declared in the traditional fashion. Our way of life is under attack. Those who make themselves our enemy are advancing around the globe. The survival of our friends is in danger. And yet no war has been declared, no borders have been crossed by marching troops, no missiles have been fired.”---

(111) “It was early in the seventeenth century that Frances Bacon remarked on three recent inventions already transforming the world; the compass, gunpowder and the printing press. Now the links between the nations first forged by the compass have made us all citizens of the world, the hopes and threats of one becoming the hopes and threats of us all. In that one world’s efforts to live together, the evolution of gunpowder to its ultimate limit has warned mankind of the terrible consequences of failure, And so it is to the printing press—to the recorder of mans deeds, the keeper of his conscience, the courier of his news that we look for strength and assistance confident that with your help man will be what he was born to be: free and independent.

On June the 4th , 1963. (Five month’s before his assassination).

President John. F. Kennedy signed executive order 11110.Which gave the President the Authority to order the United States Treasury to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury. This meant that for every ounce of silver in the U.S. Treasury’s vault, the government could introduce a certificate receipt to be used as money. This followed the IMO constitution’s requirement that the Government could provide the medium of exchange and it followed the coinage act requirements. Basing the monetary system on silver and not gold was very important because silver is abundant and very difficult to control.

President Kennedy had issued nearly $4.3 billion in U.S. notes and was introducing them into circulation, with a plan to continue until sufficient currency was in circulation to manage the flow of goods and services. The ramifications of this bill where enormous, President Kennedy was on his way to putting the Federal Reserve Bank of New York out of business.

When enough of his United States Notes were in circulation he would eliminate the Federal Reserve.

Executive Order. 11,110 AMENDMENT OF EXECUTIVE ORDER NO 10289

AS AMENDED, RELATING TO CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY.

By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it

Section 1 . Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended- a. By adding at the end of paragraph 1 thereof the following subparagraph (j) ; (j) The authority vested in the President by paragraph (b) of section 43 of the act of May 12, 1933, as amended (31 U.S.C.821 (b),to issue silver certificates against any silver bullion , silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denomination of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption.

And –

By revoking subparagraphs (b) and (c) of paragraph 2 thereof.

Section 2. The amendments made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.

John F. Kennedy.

The White House, June 4, 1963.

*On the 11th October 1963, (one month before his assassination) President Kennedy signed National Security Action Memorandum 263, the President approved the plan to withdraw 1,000 military personal out of Vietnam by the end of 1963. With the view for the complete withdraw by the end of 1965. Source Pentagon Papers, Gravel edition, Volume 2.pp769-770.

*In 1961, Colonel L. Fletcher Prouty participated in drawing up National Security Action Memorandum’s 55, 56 and 57. In which President Kennedy had told General Lemnitzer Chairman of the Joint Chiefs of Staff that the Joint Chiefs of Staff would now be responsible for all covert paramilitary action in peacetime thus ending the reign of the CIA.

*The Saturday morning edition of the Melbourne Herald 23/11/1963 reads—

“Pres. Kennedy assassinated. Shot by sniper; Texan charged. Jackie cradles dying husband. A.A.P. Dallas, Texas, Fri.—President John Kennedy was assassinated today as he drove through Dallas beside his wife, Jacqueline, at 12.30 pm. A sniper shot him in the head and neck with a rifle from a window on the fifth storey of a building. Mrs. Kennedy sobbed “Oh no.” when the President slumped. She cradled her dying husband in her arms as their car raced to hospital. Police have charged a Texan, Lee Harvey Oswald, 24, with having murdered the President. Oswald had recently lived in Russia. He was questioned for 10 hours before he was charged. Police said he had not confessed. Police tipped off… Acting on a tip off, police cornered Oswald in a cinema. One of them, Patrolman Tippit, was shot dead as he ran in. The Governor of Texas, Mr. Connally, who was riding in the same car in front of the Kennedy’s was wounded. Mr. Connally’s wife was beside him. The President was shot in the right temple. He was waving to the people as the shots were fired… Thirty-five minutes after the shooting (in Melbourne, the time was 5 a.m. today) John Fitzgerald Kennedy,35th President of the United States, was dead. He was 46 years old… Police Captain Pat Ganaway said Oswald worked in the building where the rifle was found. United Press International said it was a German-made 7.65 Mauser. One cartridge was left and three spent shells were scattered around.”

There is something not quite right with this and it’s not that Oswald supposedly fired from the sixth floor with a Italian Mannlicher-Carcano 6.5. Or that officer Tippit was shot dead at Oak Cliff a suburb of Dallas and not the cinema.

You see, Eastern Standard Time Australia is exactly 15 hours ahead of Dallas time.

J.F.K. was shot at 12.30 p.m. Friday Dallas time--3.30 a.m. Saturday morning Australian time. Pronounced dead at 1.00 p.m. Fri. Dallas time—4.00 a.m. Sat. morning Australian time .Officer Tippet was shot dead at 1.08 p.m. Fri. Dallas time—4.08 am Sat. morning Australian time. Oswald was arrested at 1.55 p.m. Fri. Dallas time—4.55 a.m. Sat morning Australian time. Oswald was charged with the murder of Officer Tippit at 7.05 p.m. Fri. Dallas time—10.05 a.m. Saturday morning Australian time. Oswald was charged with the murder of President John F. Kennedy at 11.26 p.m. Fri. Dallas time—2.26 p.m. Sat. afternoon Australian time. Yet the Herald knew all this before the Dallas Police did. It would be interesting to find out what time the print run started for the Saturday 23rd , 1963, paper. The exact same cover story was printed in the New Zealand press ahead of time of the actual events, at the time Lee Harvey was arrested at the picture theatre the Christchurch newspaper had already run the entire story.

*To this day Jim Garrison’s investigation is the only official legal investigation into the murder of the United States President.

On November 26th 1963, the day after President Kennedy was buried, Lyndon Johnson signed National Security Memorandum 273 to restart the Vietnam war

“Quote. In my 33 years of military service, I served in all commissioned ranks from second lieutenant to Major General, during that time, I spent most of that time being a high-class muscle man for Big Business, for Wall Street and for Bankers in short, I was a racketeer for capitalism. “War is a racket”, It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious, It is the only one, International in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives. Major General Smedley. D. Butler. Two-time Congressional Medal of Honour winner from his 1935 book “War is a racket.”

On September, 14th 2014, the London Independent, published an article by investigative reporter Patrick Cockburn under the headline “U.S. failure to look into Saudi role in 9/11 has helped ISIS.” Cockburn based his article on information received from Bob Graham.

Mr. Graham is in the best position to know as a former member of the U.S. Senate for 18 years, he headed both the Senate Intelligence Committee and the Congressional investigation of the 9/11 attacks, which first uncovered the Saudi role in financing and supporting the terrorist hijackers. Graham said “I think it has emboldened Saudi Arabia to give even more support to the most extremist elements in Islam, such as ISIS now in Iraq and Syria”. He pointed out that both presidents Bush and Obama have refused to release the classified 28 pages of the 9/11 joint Inquiry, “For 13 years, that information has been denied to the American people.”

In 1985, Margaret Thatcher’s’ British government signed a long-term agreement with the Saudi Arabian monarchy, under which the British arms cartel, (BAE) British Aerospace Electronics systems, provided fighter jets and other military equipment and services, in return for vast quantities of Saudi oil. The barter agreement known as “Al-Yamamah” and has remained in force up to the present day. Under “Al-Yamamah” Saudi Arabia has provided BAE systems 600,000 barrels of crude oil per day since September 1985. A tightly interlocking consortium of Anglo-Dutch and Anglo-American cartels including BAE, BP, Royal Dutch Shell, Lazard Bank, HSBC (formerly the British East India Company’s Hong Kong and Shanghai Banking Corporation), and the Carlyle Group has amassed an estimated $100 billion in off-budget, hidden funds, utilized for covert operations and gun-running on a global scale totally outside the jurisdiction of any government, this Anglo-Dutch financial oligarchy has promoted globalization and perpetuated war for the last four decades.

William Simpson authorized biographer of Saudi Prince Bandar bin-Sultan described “Al Yamamah” as a “back door method of covertly buying U.S. arms and military purchases that would not be visible to the U.S. congress”.

The Bush’s are no strangers to funding war Prescott Bush, George Ws’ grandfather in 1924 as vice president of the largest investment bank in America at the time, A. Harriman @ Co plus Brown Brothers Harriman together with the Governor of the Bank of England were part of the Anglo-American oligarchy which financed the rise of Hitler.

Do you recognize this person second from the right front row? You should I’ll give you a few clues. He is attending the state funeral of his sister at Darmstadt, Germany in 1937.On both sides of him are his brother-in-law’s. On the left is Christoph in his SS uniform and on the right is Philipp in the brown shirt of the SA. The streets are lined with detachments of Nazi soldiers as the procession passed, many in the crowd extended their arms in the Hiel Hitler salute. Goering attended the funeral and Hitler and Goebbels sent messages of condolences to him.

He was born on the 10th June, 1921, he was baptized Phillip Battenberg. (House of Schlewig-Holstien-Soderberg-Glucksberg). On the 28th February, 1947 Abdicated as Prince of Greece and Denmark and changed his name and in March of that year and renounced his title.

On November 20th, 1947 he was married at Westminster Abbey, London after his father and Ernest Cassell a Rothschild’s agent and personal banker to the British royal family arranged his marriage. His wife is the largest individual shareholder in Rio-Tinto and most of the world’s 9000 hedge funds are registered in an island that she owns, the world headquarters for financial speculation is under her control. (Cayman Islands). Which without her consent the World’s Global Financial Collapse could not have taken place. The City of London operates with her permission and also the world’s drug trade operates through the Cayman Island based banks.

The British Empire and it’s financial arm. The City of London has controlled the world’s financial affairs for centuries by British Free Trade, The Opium Wars and the latter addition Wall st banks and the privately owned Federal Reserve Bank of America which took over America in 1912.

In 1961, he co-founded the World-Wildlife Fund with his cousin former Nazi Prince Bernhard of the Netherlands and British Eugenics Society President Sir Julian Huxley for one purpose only to raise funds for its parent organization, the International Union for Conservation of Nature (IUCN) which today operates in 140 countries, with over 200 governmental and more than 800 non-governmental organizations “many of global reach”. The (IUNC) has led the drive to sequester large tracts of land in sub-Saharan Africa, taking them out of the control of newly elected governments and independent nations under the pretext of establishing “national parks.”

In 1964, he founded the Australian Conservation Foundation (ACF) which he personally headed as its President from 1971-1976. The inaugural meeting of the ACF was held in Canberra on the 21st August 1964, over 80 delegates attended, including scientists from the CSIRO and the Australian Academy of Science, Business Leaders, and at least one Member of Parliament, and future Prime Minister and future Privy Councilor Malcolm Fraser. Prime Minister Menzies gave an initial grant of 1000 pounds to the ACF. In 1966, Prime Minister Harold Holt gave the ACF $60,000 over three years which amounted to over 45% of its funding.

In 1968, Prime Minister John Gorton gave the ACF $150,000 over three years. In 1972-73, federal government funding of the ACF jumped to $150,000 annually.

In 1988, in the Deutsch Presse-Agentur this man stated that “In the event that I am reincarnated, I would like to return as a deadly virus, in order to contribute something to solve overpopulation.”

He is only a small part in a much bigger conspiracy to shut down the Murray-Darling Basin/ Food-bowl and destroy the Australian family farm and Rural Australia.

Because it currently feeds some 60 million people world-wide, through the Ramsar convention on Wetlands (the return of irrigation water from farmers to wetlands) held in Ramsar Iran in February1971 and ratified in1975.

His current daughter In-law is now the Head of Australia’s Military Police. In the 2004, Australian Who’s Who lists this man as the Field Marshal of the Australian Military Forces, Admiral of the Fleet of the RAN and Marshal of the RAAF.

He is Phillip Mountbatten, Duke of Edinburgh, and HRH. Prince Phillip, KG,KT,PC,OM,GBE,AC,(Mil),FRS,FAA, consort to the Queen of England.

THE GERMAN HOUSE OF SAXE-COBURG-GOTHA

The Mountbatten’s (formerly the German Battenberg’s) are relatives to the Rothschilds. Princess Marie of Hesse married Tsarevich of Russia in 1841, her brother Prince Alexander of Hesse was invited to live in Russia where he met Julie Hauke, the two eloped to Breslau in 1851, and for this morganatic marriage they were banished from Russia and ostracized from the royal courts throughout Europe, but found their way back into royal society and the German Royal Family. Countess Julie Hauke- was the first Battenberg. Prince William 1X of Hesse-Hanau was one of the richest Houses in Europe hiring out Hessian soldiers to foreign counties for large profits. In 1769, Mayer Amschel Rothschild became court agent to Prince William 1X of Hesse-Cassel the grandson of George 11of England; cousin to George 111; nephew to the King of Demark, and Brother in-law to the King of Sweden.

During the 1st World War the name of the Royal House was changed from the German Saxe-Coburg-Gotha to the House of Windsor the German name, Battenberg was also changed to Mountbatten in 1917 when British and German soldiers were slaughtering each other in the trenches of Northern France in a war which also saw 60,000 of Australia’s finest young men slaughtered also. Rothschild’s have been close associates of The House of Windsor since Edward V11 son of Queen Victoria and German Prince Albert. Edward V11 closest financial advisor Jewish banker Ernest Cassel daughter Edwina married Lord Louis Mountbatten ( German Battenberg). It was Ernest Cassel and Jacob Schiff who floated the first two Imperial Japanese Government War Loans of 10 and 12 million pounds respectively, but a new feature arose during the floatation of the third loan. To quote Takahaski, “The opening of a channel for receiving subscriptions in Germany….the means of distributing our bonds in Germany, was arranged through the connection of Mr. Schiff with M.M.Warburg, of Hamburg, who acted as our agents of the issuing banks.” The Jewish Encyclopedia under the heading of “Schiff” the following appeared “Kuhn, Loeb and Co, subscribed for and floated the large war loans in 1904 and 1905, in recognition of which the Makado conferred on Schiff the Second Order of the Treasure of Japan.” Lord Louis Mountbatten arranged the marriage of Queen Elisabeth 11 to his grandson, Prince Phillip Mountbatten (Formerly German Battenberg)( Prince Phillip did not become a British subject until 1947 after the war).

In 1694, William 111,(Who came from Holland) ascended the throne of England.

In 1702 William of Orange died, his wife Mary left no heirs and so Mary’s sister Anne became Queen of England. Anne was the last of the Stuart Monarchs because although she had 17 children by her husband George of Denmark, she survived all of them. In 1714, the British crown was taken over by the German Hanover’s they were closely connected to the House of Hesse which would become the launching pad for the House of Rothschild. The first Hanoverian King was George 1 . He couldn’t even speak English and refused to learn. He began life as minor German nobility, a great grandson of James 1st ended it as King of Great Britain. George 11 became King in 1727 and died in 1760, his grandson George 111 (German born sovereign of England) Whom Rothschild’s brought 16,800 young Hessians soldiers to fight against France then later in the future United States, Outlawed the Colonial Script money that the colonies were using in the newly formed America’s at interest free, his rein spanned the American War of Independence. The massive expansion of British power under George 1V and William 1V followed before Queen Victoria who reined as Queen Empress of the Empire from 1837-1901 was due to Rothschild’s and The City of London Corporation. The Empire controlled 40% of the world’s mass and more than one-fifth of the world’s population. The first son of Victoria and Albert became Edward V11, Grand Master of English Free Masonry who reined until 1910. In 1936, Edward V111 abdicated the throne to marry American divorcee Wallis Simpson, he was replaced by George V1, the father of Queen Elisabeth 11 and husband to Elisabeth Bowes-Lyon Queen Mother. George died in 1952 and his eldest daughter was crowned Queen Elisabeth 11 at West Minister Abbey in 1953. Queen Elizabeth 11’s husband, Phillip Mountbatten (Formerly German Battenberg) is related to everyone. His father was Tsar Nicholas’s first cousin, as was George V, thus on his paternal side, Phillip is his wife’s second cousin once removed. In his maternal blood line, Phillip and Elizabeth share Victoria as a great-great Grandmother, which makes them third cousins. The tragic Tsarina was Phillip’s Great Aunt, Alix was Elizabeth’s first cousin twice removed. Phillip provided the D.N.A. evidence that identified her and her daughters desecrated and battered bones.

Who invented Global Warming/ Climate Change and Why?

In 1968, The Club of Rome was founded as an International agency to popularize the myth that population and economic growth inevitably must fall back, because of limited resources. Its founding document was titled “The Predicament of Mankind,” and in 1972 it published the scientifically flawed book “Limits to Growth” as a mass propaganda item

In 1970, Prince Bernhard and Anton Rupert launched the 1001 club. The purpose of the club was to generate a guaranteed financial base for the WWF,consisting of 1001 members contributing $10,000 each.

The 1001 club is a private organization, in the late 1980’s some members names where leaked these included Tibor Rosenbaum- Mossad money launderer, Adnan Khashoggi-arms dealer, Conrad Black-media mogul, Robert Vesco drug and arms dealer, Salem Bin Laden, half-brother of Osama Bin Laden and Maj.Louis Mortimer Bloomfield-linked to the assassination of President Kennedy.

In 1970, leading members of the WWF financial arm, launched Earth Day, an International celebration of the arrival of “ecology” as a new global cause.

Canadian Maurice Strong was one of the key architects of Earth Day. Two years later, Strong was also a driving figure behind the convening of a United Nations conference on the Human Environment Program. At that time Strong was named Executive Director of the newly created United Nations Environment Program. In effect, Strong inherited the UN mantle from Julian Huxley, who would die three years later.

With the launching of the UNEP, in 1974, the United Nations hosted the third World Population Conference in Bucharest, Romania, with 135 nations participating.

American cultural anthropologist Margaret Mead and advocate of population control was a key organizer at this conference which featured speaker John D. Rockefeller whose family had funded the pre WW11 eugenicist “population” movement.

In 1975, Mead as President of the American Association for the Advancement of Science organized a conference in Research Triangle Park, North Carolina where the hoaxes of “global warming” and “Climate Change” were launched.

Radical Malthusian Paul Ehrlich author of “The Population Bomb,” attended the conference calling for a total halt to population growth, on the grounds that man posed the greatest threat to the natural ecology of the Earth.

Among the Ehrlich-Mead proteges who attended the Research Triangle conference on “The Atmosphere Endangered and Endangering.” Was John Holdren who co-authored a number of books and articles with population fanatic Ehrlich.

Holdren was Barack Obama’s White House Science Advisor and was an architect of the call for carbon-dioxide caps and a concerted plan for population control.

On March 13th, 2009, Professor Hans Joachim Schellnhuber, Queen Elizabeth’s personal envoy on Climate Change at the Copenhagen Climate Change summit warned that “Unless all fossil fuel and nuclear power consumption weren’t shut down immediately, the Earth’s temperature would rise by 5 C,” Schellnhuber declared: “In a cynical way, it’s a triumph for science, because at least we have stabilized something-namely the estimates for the carrying capacity of the planet, namely below one billion people.”

For his services, the Queen inducted Schellnhuber as a Commander of the British Empire the highest award in the British Empire. It was Schellnbuber who convinced Pope Frances of “Global Warming” including that mankind is a pollution on the Earth.

Schellnhuber was German Chancellor Angela Merkel’s energy advisor and head of the German Government Advisory Council on Global Change (WGBU). Schellnhnuber bears the main responsibility for inducing Merkel to make the Climate- Change question the top agenda item during Germany’s presidency of the EU in 2007.

Today the WWF controls 10% of the World’s surface and 40% of Tanzania.

SILENT STORM_ How the British Empire used Australians as guinea pigs.

The front page headline from the Herald, Friday, September 28th, 1956, reads “Jet bombers track A-cloud all night.” “Remnants of a radio-active cloud from yesterday’s atom blast at Maralinga are drifting-apparently harmlessly-toward Queensland. Royal Air force Canberra jet bombers tracked the cloud throughout the night in a non-stop safety operation. All signs of radio activity are expected to pass from Australian territory by tomorrow evening. The Herald special correspondent at Maralinga says Britain’s atomic research director Sir William Penney waited sixteen days so that the civilian population would get all possible protection. Weather balloon and last minute aerial reconnaissance indicated that the winds would blow north-east long enough for the radio-active cloud to be carried out into the desert, were the fall-out would cause no damage.”

Against the back-drop of the Cold-War, Hedley Marston monitored six of Britain’s twelve atomic tests in Australia. Two of the tests he found resulted in radio-active contamination of Australian cities and grazing lands raising the question of long term health consequences for people living in the fallout area’s and long term health repercussions for generations of Australian’s through genetic mutation. Silent Storm is a documentary that tells the story of CSIRO scientist Hedley Marston and his battle to alert the Australian public about the radioactive contamination from the British atomic tests carried out in Australia in the 1950’s. Almost all of Australia was contaminated by radioactive fallout from the 12 nuclear tests. The more notorious incidents included the radioactive “black mist” which resulted from a test at Emu Field in South Australia in 1953, the 1956 tests at Monte Bello Island (off the coast of Western Australia) led to radioactive rain in Queensland, and the 1956 test at Maralinga in S.A. sent radioactive monitors in Adelaide to 5000 times more than their normal recordings. A cabal of corrupt British and Australian scientists did their best to prevent Marston publishing his research, which detailed his research of the contamination of Adelaide after the October 11, 1956, atomic blast. They were successful-Marston’s research was not published until after the 1956-57 series of seven atomic blasts at Maralinga. Moreover, even after the publication of Marston’s research in a scientific journal, the media ignored his explosive finding that, as he put it, a “very large amount of radioactivity… clearly indicated that the plume passed directly over Adelaide.” The cabal included Australia’s “nuclear knights”- Sir Leslie Martin, Sir Ernest Titterman and Sir Phillip Baxter. These and other scientists were included in the so called Atomic Weapons Tests Safety Committee, which worked in close alliance with the Menzies Liberal government and the British government to make sure that the Australian people knew as little as possible about the fallout from the atomic tests as they could. Their behavior was “wickedly misleading” and their “high handed bluff” was “sickening”, Marston wrote in a 1956 letter to Mark Oliphant. “I’m more worried than I can convey about the expensive, quasi-scientific pantomime that is being enacted at Maralinga under the cloak of security”, Marston told Oliphant. “And even more so about the evasive lying that is being indulged in by public authorities about the hazard of fall-out…I nearly blow a gasket every time I think of it.”

From 1957 to 1978 the Australian government secretly and illegally sanction the removal of body parts and bone samples from no less than 21,000 deceased Australians as scientists searched for evidence of the deadly poison Strontium 90, a byproduct of nuclear testing. Silent Storm reveals the story behind this astonishing case of officially sanctioned ‘body snatching’. The Safety Committee asked pathologists if they could supply samples of bone from autopsies from still-born, babies, infants, teenagers all the way up to 70 year old’s, one third of these samples still exist today and no permission was ever sought from the relatives for the removal of body parts. The Monte Bello island test was discovered rather than going over the Indian Ocean, had gone across the whole continent of Australia settling on pastures where cows would be eating the pasture contaminating the milk supply, this was in the days of free milk for school children.

When Hedley Marston attempted to blow the whistle on the radio-active contamination and challenge official claims that the British atomic tests posed no threat to the Australian people, Marston’s findings were not only disputed, he was then targeted by A.S.I.O. as a ‘scientist of counter espionage interest’ too silence Marston, which would later be proven false. There has never been a study on the impact of strontium 90 on the first generation in history to actually absorb it, now in the Australian baby boomer generation. Two time, American Nobel prize winner Linus Pauling has suggested that for every large bomb that was set off 100,000 children would die in all 12 tests. On October, 11th, 1956, the British detonated their third atomic test, the future British Prime Minister Tony Blair is three years old living in Adelaide with his mother Hazel, nineteen years later after the detonation his mother would die after a long illness of thyroid cancer. British medical researcher and toxicologist Dick Van Steenis told Bulletin Magazine in September, 1, 2004 that the death of Blair’s mother could have been from the radioactive fall-out exposure in Adelaide and that Blair himself maybe in danger of contracting bone cancer. The effects of strontium 90 like calcium and radium strontium 90 goes exclusively to the bone (99%). Like radium strontium 90 can kill bone cells, cause necrosis and other pathologic changes, and can induce tumor formation in bone principally osteogenic sarcoma (bone cancer).The Australian Leukemia foundation fact sheet states that there will be 8 people a day diagnosed with leukemia in Australia and that 4 of those a day will die, since 2002 to 2010 there has been a 21, 5% increase of people diagnosed with leukemia in Australia. For too long the British government has lied and used Australian’s as guinea pigs for too long the Australian government, scientists and the national media have lied and treated us like mushrooms, they have all been compliant in this lie against the Australian people since the time of the Robert Menzies government by not telling us the truth about the radio-active fallout, strontium 90 and the genetic consequences for Australians, one question that needs to be asked was Robert Menzies and the Liberal government negligent and did they fail in their duty of care to protect the Australian people? In 1943, Mark Oliphant had worked on the “Manhattan Project” Later in his life he became a harsh critic of nuclear weapons and their use he wrote of the Hiroshima and Nagasaki bombings “I am absolutely appalled at what it had done to human beings.”

Sources— Silent Storm, Review by Jim Green, Radiation and man, Bulletin of Atomic Scientists, Australian Leukemia Foundation, One Hundred and Fifty Years of News from The Herald Sun.

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Written and complied by Jeff Davy