Are Central Banks Really Evil? – Gold Goliath

Posted on :Mar 28, 2015

Throughout history, central banking institutions have left a visible track record showing uncanny similarities. Their core strategies have resulted in bankrupting governments and destroying the purchasing power of their respective currencies. Either this is an intentional process or just some miraculous blind coincidence.

Unfortunately, most individuals have no understanding of central bank practices due primarily to today’s prevalent thinking that it’s an unimportant and boring subject. The most powerful central bank in the world today is our own Federal Reserve. The fact that the bank is not a “federal” institution is rarely ever noticed. The Federal Reserve is actually America’s 4th privately owned central bank.

Though our Founding Fathers were initially opposed to central banks, they often times found themselves in the position of begging these very institutions for help. The bankers in turn were more than happy to cripple our new government with debt. The Bank of North America and the First and Second Banks of the United States were all predecessors to the Fed.

All of these institutions with the exception of the Federal Reserve eventually lost their charters but the individuals behind the scenes still owned the typical politician of their day. Have you ever met a politician that didn’t love fame and fortune? Behind most successful high ranking politicians, is his best friend, the banker. If the small town local banker wields clout in his community, why wouldn’t a central banker?

Much discussion is spent today either arguing for or against these mysterious institutions. Individuals opposed to central banks are labeled conspiracy nuts and written off by mainstream pundits. We wanted to offer a few thoughts concerning central bankers and their institutions from past American presidents, congressmen, a central banker and a French emperor.

*“But if in the pursuit of the means we should unfortunately stumble again on unfunded paper money or any similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy. Paper money will invariably operate in the body of politics as spirit liquors on the human body. They prey on the vitals and ultimately destroy them. Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.” – George Washington (President 1789-1797) in a letter to J. Bowen, Rhode Island, Jan. 9, 1787 .

*“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson (President 1801-1809) in the debate over the Re-charter of the Bank Bill (1809)

*“Bank-paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs.” – Thomas Jefferson

*“And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.” – Thomas Jefferson

*“The dominion which the banking institutions have obtained over the minds of our citizens…must be broken, or it will break us.” – Thomas Jefferson

*“We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.” – Daniel Webster” (Elected to congress 1813)

*”You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.” – Andrew Jackson, (1828 Presidential campaign)

*“Mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges… which are employed altogether for their benefit.” – Andrew Jackson (President 1829-1837)

*“If Congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations.” – Andrew Jackson

*“The bold effort the present (central) bank had made to control the government … are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.” – Andrew Jackson

*“A power has risen up in the government greater than the people themselves, consisting of many and various powerful interests, combined in one mass, and held together by the cohesive power of the vast surplus in banks.” – John C. Calhoun, (Vice President June 27, 1836)

*“The government should create, issue and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.” – Abraham Lincoln (President 1861-1865)

*“The money power preys upon the nation in time of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. They denounce as public enemies all who question their methods or throw light upon their crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe. I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption 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.” – Abraham Lincoln – speaking after passage of Legal Tender Act 1862

*“Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands.” – Theodore Roosevelt (President 1901-1909)

*“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 the Monetary Power will be legalized… The worst legislative crime of the ages is perpetrated by this banking and currency Bill.” – Congressman Charles A. Lindbergh Sr. (Congressman 1907-1917)

*“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.” – Woodrow Wilson, reflecting on passage of the Federal Reserve Act (President 1913-1921)

*“A little group of willful men, representing no opinion but their own, have rendered the great government of the United States helpless and contemptible.” – Woodrow Wilson

*“The Federal Reserve Banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the international bankers.” – Louis T. McFadden (Congressman 1923-1935) speaking to Congress 1933

*“The real truth of the matter is, as you and I know, that a financial
element in the large centers has owned the government ever since
the days of Andrew Jackson”… -Franklin D. Roosevelt (President 1933-1945) in a letter to Colonel House, dated November 23, 1933

*John F. Kennedy issued executive order 11110 on June 4, 1963 stripping the Federal Reserve of its power to loan money to the U.S. Government at interest. As Andrew Jackson had done 135 years earlier, President Kennedy declared that America’s privately owned central bank would soon be out of business. This order restored constitutional power to the federal government to create and issue silver notes against any silver bullion, silver or standard silver dollars in the Treasury. As a result, 4,292,893,815  of new “Kennedy bills” were created through the U.S. Treasury instead of the Federal Reserve. No interest was to be paid on these bills by the tax payer to the Federal Reserve. President Kennedy was assassinated November 22, 1963 and in 1964 his successor Lyndon B. Johnson stated, “silver has become too valuable to use as money.” The bills were removed from circulation. (President 1961-1963)

*“The few who understand the system will either be so interested in its profits or be so dependent upon its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.

*Napoleon Bonaparte, Emperor of France 1815, summed it up this way: “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland, financiers are without patriotism and without decency; their sole object is gain.”

UPDATED 10-18-2016

Documents released by the FBI concerning the Hillary Clinton email probe where the FBI refers to a very powerful group called “The Shadow Government.”

The last 100-page release is the fourth installment of documents related to the Clinton email probe recently released by the FBI. The most recent release also contains allegations regarding a “quid pro quo” request from Patrick F. Kennedy, the undersecretary of state for management, among other claims.

According to the FBI document, Kennedy “pressured FBI agents to change the classification on sensitive documents found on Hillary Clinton’s private email server” in “exchange for a ‘quid pro quo.’” Promptly after the document’s release, both the FBI and State Department denied such an arrangement took place — but that didn’t stop the U.S. House Committee on Oversight and Government Reform from demanding more information on the exchange.

In a letter addressed to Secretary of State John Kerry, the committee chair, Rep. Jason Chaffetz (R-CA), along with Rep. Devin Nunes (R-CA), the chair of the U.S. House Permanent Select Committee on Intelligence, claimed to have reasons to believe Kennedy “inappropriately influenced the review of Secretary Clinton’s emails.

Despite the uproar the release sparked due to the bribery allegations, some news organizations took particular interest in the FBI document’s mention of “the Shadow Government,” a group of “very high-ranking STATE officials that some referred to as ‘The 7th Floor Group’ or ‘The Shadow Government.’

According to the FBI probe, “[t]his group met every Wednesday afternoon to discuss the FOIA process, Congressional records, and everything CLINTON-related to FOIA/Congressional inquiries.”

"The Octopus" - Aldrich Plan, Cartoon from 1912

Cartoon from 1912.

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