Posted by truther on July 27, 2012
“The Weimar government introduced a program of crippling austerity measures. This all fed into the hands of Nazis.“
Deja Vu all over again?
by David Richards
The Bank of England was the hub of Illuminati operations. The other major central bank chiefs took orders from BoE Chairman Montague Norman, who ‘was built up by the private bankers to such a position where he was regarded as an oracle in all matters of government and business.’ (Tragedy and Hope, Carroll Quigley, pg. 325)
The Wall Street Crash of 1929
Britain returned to the gold standard in 1925. As the pound sterling was the only world currency, this meant that world trade was put back on the gold standard.
The pound was purposely brought back at a grotesquely over-valued rate of £1 equaling $4.86. For a world gold standard to operate around an over-valued pound sterling, the dollar had to be devalued. This was the pretext the Illuminati used to launch a bubble economy in the US.
Webster Tarpley records how the central bank chiefs conspired to create inflation in the US:
‘In 1925, as the pound was returning to gold, Montague Norman, Hjalmar Schacht and Charles Rist, the deputy governor of the Banque de France visited Benjamin Strong in New York to mobilize his network of influential insiders for easy money and low interest rates in the US.
Strong was able to guarantee these policies. Norman & Co. made a second pilgrimage to Wall Street between 28 June and 1 July 1927 to promote American speculation and inflation.’
The easy money was used to feed the stock market bubble and provide loans for indebted countries, particularly Germany.
The Wall Street bubble was burst by raising the central bank discount rate. They raised the BoE Bank Rate to a whopping 6.5%, a full point above the Fed. This move was imitated immediately by British satellites such as India, Denmark, the Irish Republic and Norway. This generated a giant sucking sound as money was pulled out of New York across the Atlantic.
This was the start of the Great Depression that would be worsened by the withdrawal of money from circulation. Milton Friedman has said, “The Federal Reserve caused the Great Depression by contracting the amount of currency in circulation by one-third from 1929 to 1933.”
The Great Depression allowed the Illuminati to bring in Franklin D Roosevelt with his ‘New Deal’, greatly expanding the power of the American government, and by extension the Fed and the Illuminati.
The ‘New Deal’ was a resounding failure. In 1938, unemployment was still at 20%. The depression was only relieved after World War 2. I.e. America was not allowed to recover until it had fulfilled its role in the war.
The Wall Street crash had another purpose: bring Hitler to power.
Plunging Germany into Crisis
The German economy had been dependent on short-term loans from US banks to pay their WW1 debts and fund industrial activity.
After the crash, struggling US banks started calling loans in. German firms cut back production dramatically, creating huge unemployment. The Weimar government introduced a program of crippling austerity measures. This all fed into the hands of the Nazis.
Then in 1931, the Rothschild’s purposely destroyed the German banking system by allowing their Austrian mega bank Kreditanstalt to declare bankruptcy in 1931. The bankruptcy of Kreditanstalt is widely credited with crashing the central European banking system.
Kreditanstalt defaulted on debts of $76m. Do we really believe that the Rothschild’s couldn’t stump up $76m? International efforts to save the bank were suspiciously weak. The Berlin correspondent for The Economist reported at time:
“It was clear from the beginning… that such an institution [as the Kreditanstalt] could not collapse without the most serious consequences, but the fire might have been localized if the fire brigade had arrived quickly enough on the scene. It was the delay of several weeks in rendering effective international assistance to the Kreditanstalt which allowed the fire to spread so widely.”
Shortly after the failure of Kreditanstalt Germany’s 2nd biggest bank Danatbank failed, and the rest followed like dominos.
The Bank of England goes off the Gold Standard – 1931
The Illuminati put the world back on the gold standard in 1925 with the intention of destroying the gold backing at a later date. This took place 21st September 1931, when Britain left the gold standard.
The British gold default destroyed orderly world trade. The ‘world monetary system’ of that time was a pound sterling system based on the gold standard.
Jackson E. Reynolds, then President of the First National Bank of New York, has said, “When England went off Gold it was like the end of the world.”
The world fractured into competing currency blocs, including the British pound sterling bloc, the US dollar bloc, the Franc bloc, the Soviet ruble area and the Japanese yen zone.
Webster Tarpley explains how this trade war would lead to a world war:
“The currency chaos meant that there was no reliable means of settling commercial payments among these blocs. World trade atrophied. The situation was difficult for everyone, but it was worst for those blocs which had the greatest dependency on exports and on importing oil, metals, rubber, and strategic raw materials.
The pound sterling, dollar, franc and ruble each had some raw materials backing. But the German mark, Japanese yen and Italian lira had virtually none. Each of these states embarked on an economic regime of autarky so as to conserve foreign exchange. For Germany, Italy, and Japan, aggressive territorial expansion towards possible sources of oil and metals became the only available surrogate for foreign trade.”
The Illuminati effectively started WW2 in 1931.
American congressman Louis McFadden clocked on to what had happened. In 1932 he made a speech in the House of Representatives, in which he accused the Federal Reserve of deliberately causing the Great Depression, “It was a carefully contrived occurrence. International bankers sought to bring about a condition of despair, so that they might emerge the rulers of us all”.
For this and other similar tirades, McFadden received numerous death threats. He died in 1936 after being poisoned at a banquet.
In the “Red Symphony,” (1937) Illuminati insider Christian Rakovsky describes how the Illuminati useeconomic turmoil to achieve political control.
He says Oct 24, 1929, the date of the New York Stock Exchange crash ( “the beginning of the so-called ‘depression’”) was more important than the 1918 Bolshevik revolution. It broke the “classical American” individualism and resulted in “a flourishing of parasitism, and capital is a large parasite.” It began “a real revolution.”
“Although the power of money is political power; before, it had only been used indirectly, but now the power of money was to be transformed into direct power. The man through whom they made use of such power was Franklin Roosevelt. Have you understood? Take note of the following: In that year 1929 the first year of theAmerican revolution, in February Trotsky leaves Russia; the crash takes place in October…the financing of Hitler is agreed to in July 1929.
You think that all this was by chance? The four years of the rule of Hoover was used for the preparation for the seizure of power in the United States and USSR; there by means of a financial revolution, and here [Russia] with the help of war and the defeat [of Stalin] which was to follow.” (Full text in Des Griffin, “Fourth Reich of the Rich,” p.273)
The Illuminati used economic crises for political purposes in the thirties and they are doing it again. This time they are debasing and destroying faith in currency, first the Euro and later the $US Dollar. Since they are all based on unpayable debt, economic collapse is a constant threat. And with collapse comes war…