We Know The Secrets of The Federal Reserve How did the Rothschild family & & JP Morgan get so powerful during the Panic of 1907 that the government would provide them with funding to increase their power even more? The players are familiar: Rockefellers, Rothschilds, Morgans, Warburgs - and the Federal Reserve (whose part will be played by Ben Bernanke, a PhD economist) President Theodore Roosevelt provides J.P. Morgan with $25 million in government funds ... to control the panic. Morgan, acting as a one-man central bank, decides which firms will fail and which firms will survive. The Federal Reserve Bank of Minneapolis is not shy about attributing the causes of the Panic of 1907 to financial manipulation from the existing banking establishment. If Knickerbocker Trust would falter, then Congress and the public would lose faith in all trust companies and banks would stand to gain. In timing with natural economic cycles, major banks including J.P. Morgan and Chase launched an all-out assault on Heinzs Knickerbocker Trust. Financial institutions on the inside started silently selling off assets in the competitor, and headlines about a few bad loans started making top spots in the newspapers. The run on Knickerbocker turned into a general panic - and the Federal Government would come to the rescue of its privately owned National Banks. During the Panic of 1907, Depositors run on the Knickerbocker Bank. J.P. Morgan and James Stillman of First National City Bank (Citibank) act as a central bank, providing liquidity ... [to stop the bank run] President Theodore Roosevelt provides J.P. Morgan with $25 million in government funds ... to control the panic. Morgan, acting as a one-man central bank, decides which firms will fail and which firms will survive. Of all the EVILS that may come up in American political discourse, there is one that requires nothing that is supernatural, or even particularly out of the ordinary. The scope is nothing short of a total underground or shadow government that directs hundreds of billions of dollars a year. But the cost of funding the operation would only be a few pennies on the dollar (quite literally). Government interventionists got their wish in 1913 with the Federal Reserve (and income tax amendment). Just in time, too, because the nation needed a new source of unlimited cash to finance both sides of WW1 and eventually our own entry to the war. After the war, with both sides owing us debt through the federal reserve backed banks, the center of finance moved from London to New York. But did the Federal Reserve reign in the money trusts and interlocking directorates? Not by a long shot. If anything, the Federal Reserve granted new powers to the National Banks by permitting overseas branches and new types of banking services. The greatest gift to the bankers, was a virtually unlimited supply of loans when they experience liquidity problems. From the early 1920s to 1929, the monetary supply expanded at a rapid pace and the nation experienced wild economic growth. Curiously, however, the number of banks started to decline for the first time in American history. Toward the end of the period, speculation and loose money had propelled asset and equity prices to unreal levels. The stock market crashed, and as the banks struggled with liquidity problems, the Federal Reserve actually cut the money supply. Without a doubt, this is the greatest financial panic and economic collapse in American history - and it never could have happened on this scale without the Feds intervention. The number of banks crashed and a few of the old robber barons banks managed to swoop in and grab up thousands of competitors for pennies on the dollar.
Posted on: Wed, 18 Jun 2014 00:04:51 +0000
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