"A change of a fundamental kind has taken place in the economic structure of Europe whereby the old basis had ceased to be wealth and had become debt. In the old Europe wealth had been measured in lands, crops, herds and minerals; but a new standard had now been introduced, namely, a form of money to which the title 'credit' had been given." (Napoleon Bonaparte)
As the dust begins to settle after the seismic events of 2016 I thought it time to stop chasing the 24 hour news cycle and reveling in liberal tears and instead take the opportunity to investigate another subject, namely, money and banks. I've decided to explore this area a little, as the newcomer to the topic that I am, and opened up a new tag in the word cloud called ''The Money-Lenders'' which I'll add to over the next few weeks or months.
A recurring theme of the content of this blog is the idea that Marxists, liberals, the Left and SJW's are simply tools of the ''Money Power'' but what is the money power?. Nationalists and Alt-Rightists speak of the money power as the end of game bad guy in a computer game, the boss of bosses with the media and bought and paid for politicians acting as its capos.
Within the wider community there seems to be a reluctance to gaze for too long into the eyes of the beast and it's not difficult to understand why, to be blunt about it, economics can be a chore, it's dry and sterile, hard to understand and not nearly as much fun as creating content lambasting a feminist on Muslim rapes or a ''Nationalism for me but not for thee'' Jew in the media.
It first dawned on me that this area needed more attention when Donald Trump took a portrait of Andrew Jackson into the White House, when Trump gives press conferences from the Oval Office Andrew 'Old Hickory' Jackson stares back at us, but who was Andrew Jackson and what is the significance of Trump hanging his stern but earnest visage on the wall?. Come to think of it, what is a ''Central Bank''? and what is ''Fractional reserve lending''?.
Andrew Jackson was America's seventh president, an accomplished military man who ran on a populist ticket promising to drastically reduce the power and influence of central banks in America. As Jackson and others saw it, America was under siege by ''European Banking Houses'' who were, in truth, largely spearheaded by the Jewish Rothschild family who'd recently managed to lock-down the Bank of England. Like Trump, Jackson was relentlessly pilloried by a bought and paid for press and also like Trump, Jackson appealed to the working man. Jackson was a gentleman who spoke his mind, even by Donald Trump standards:
''[Speaking about international bankers] “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.” . . . “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.”– President Andrew Jackson, 1829-1837''
Jackson served two terms as President and, true to his word, routed the Money-Lenders, speaking after his retirement from his 'Hermitage' plantation in Tennessee, Andrew Jackson looked back on his life with the quip ''I killed the bank!''. Unfortunately Jackson did not entirely kill the bank, the bank came back. Indeed, a reading of 19th century American history could be viewed as a war between (((international financiers))) and the European men of America. Jackson survived one assassination attempt, Abraham Lincoln, who was equally distrustful of the money-lenders, did not:
“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.” – Abe Lincoln, 1864
When one looks back across the history of European man we see time and again ominous warnings from the most accomplished and cerebral of us, warning us of the danger of the money-lenders, quite often with an 'Anti-Semite' slur attached to his name, such as Charles Lindbergh or Henry Ford. But what precisely was it that these men were so terrified of? and how does it operate?.
A central bank is responsible for issuing funds to a government, a state owned central bank, the type favoured by nationalists, is run by and for the people, subject to the laws and moral codes of conduct decided upon by the people.
A central bank which is privately owned, such as the U.S Federal Reserve, is accountable to nobody yet has complete control over the finances of the nation.
And so let us imagine a scenario in which a government asks the privately owned central bank for money to build a bridge, the bridge costs £100,000 to construct. The central bank then prints the money out of nothing, literally nothing! and then adds interest onto what has become a ''loan''. The cost of the bridge plus interest might run to £110,000 and the entirety of the debt is then passed onto the public to be repaid via income tax, in America income tax was instituted the very same year as the Federal Reserve was established.
The Federal Reserve itself is neither a bank nor even ''Federal'' because it is not part of the state but privately owned. The vast sums of money earned via interest are then handed over to various secretive banks which constitute its membership. Perhaps unsurprisingly, when one looks at who has chaired the Fed we see that it has been run by Jewish people for 28 years straight, which, let's be honest, doesn't do much to dispel the 'Anti-Semitic' tropes of Jewish people being involved in financial cons and usury scams.
The banks which constitute the 'board' of central banks are infamous for various scams and outrages all of their own, one the oldest goes by the rather banal sounding ''Fractional reserve lending''.
Once again, we shall use a simple allegory to help us understand fractional reserve banking. Part of what we are told constitutes the greater bulk of European history is our annoying habit of running ''Shylocks'' out of our towns and or nations. Now, let us imagine a typical town or village in Germany or Italy during the middle ages. The local Shylock operates a primitive bank from a market stall, loaning money at eye watering rates of interest while also holding the citizens money in 'safety'.
One day a circus comes to town and all the impoverished men decide to splash out and take the wife to the circus for the day. However, upon visiting Shylock and asking for their money they discover he can't pay out, he hasn't got it, everything has been loaned and he's been collecting interest off everybody based upon money he never had!. What follows is a ''Bank Run'' and usually a swift run out of town for Shylock.
Fractional reserve banking is supposed to ensure that banks cannot lend over a certain percentage of the money they have available, but such laws are blind to the morality innate to Europeans, they are making money via interest on wealth they never had in the first place, it might be legal (just) but it isn't moral!.
America is now in debt to the tune of a mind boggling $20 Trillion! Since the Federal Reserve was established in 1913 the U.S dollar has lost 96% of its value. The graph below points out that the debt increases regardless of which political party holds power, the idea they could halt this astonishing scam without, like Andrew Jackson, routing the money changers, is preposterous.
We shall have to wait and see if Donald Trump is the next white man to make a stand against the money-lenders. As we shall see in future posts, they have moved on significantly from ripping off peasants in market towns or getting a kick-back from public services, they've gone Global, they're on the brink of complete world domination and the erasure of European man, and woman, is high on their agenda......