The Secret Combination
“There is no conspiracy theory in the Book of Mormon — it is a conspiracy fact.”
–Ezra Taft Benson
Conference Report, Apr. 1972
Written By Ryan Nilsson
Voices of Warning
Franklin D. Roosevelt
Dwight D. Eisenhower
John F. Kennedy
Anthony C. Sutton
Ezra Taft Benson
A Crash Course on Economics
Austrian Economics and the Free Market
The Story of the Financial Elites
The Rise of the Rothschilds
The Rothschilds and the Napoleonic War
Masters of the Global Conspiracy
The Rothschilds Fulfill Prophecy
What is a Central Bank?
A Banking Cartel
Lender of Last Resort
Fractional Reserve Banking
Creating the Booms and Busts
Masters of this Great Secret
The History of the Central Bank in America
From Colonization to Revolution
The Bank of North America
The First Bank of the United States
The Second Bank of the United States
The Assassination Attempt on Andrew Jackson
An Era of Prosperity in America
Lincoln and the Civil War
The Assassination of Abraham Lincoln
The Assassination of James A. Garfield
The Pattern is Clear
The Origin, History and Influence of the Federal Reserve
The Financial Powers in America
The Progressive Movement
Attempting to Sway Public Opinion
Under the Guise of Deceit
Establishing Communism in Russia
The First World War
The Cause of the Great Depression
Franklin D. Roosevelt Primes America for Socialist Dependency
From the League of Nations to the United Nations
The Assassination of John F. Kennedy
The Fed Continues Its Stranglehold on America
The Secret Combination Consolidating Its Power over the World
The Endgame: A New World Order
The Bilderberg Group
The Council on Foreign Relations (CFR) and the Trilateral Commission (TLC)
The IMF and World Bank
The Trade Agreements
War for the Love of Money
Trust Not in the Parties
The Georgia Guidestones
The Financial War on the Family
The Darwin Connection
The Mark of the Beast?
The Book of Mormon teaches us to be aware and warned of conspiracies in government. Unfortunately, there are many even within the Church who scoff at the notion of conspiracy theories. But the Book of Mormon tells us that secret conspiracies in government are exactly what we should expect. “Secret combinations” are mentioned many times in the Book of Mormon, and the Book is meant as a parallel to our day. Surely there are many secret conspiracies in government all the time, just as the Book of Mormon warns.
The Book of Mormon teaches us to be aware and warned of conspiracies in government. Unfortunately, there are many even within the Church who scoff at the notion of conspiracy theories. But the Book of Mormon tells us that secret conspiracies in government are exactly what we should expect. “Secret combinations” are mentioned many times in the Book of Mormon, and the Book is meant as a parallel to our day. Surely there are many secret conspiracies in government all the time, just as the Book of Mormon warns.
But the Book of Mormon also contains a direct and solemn warning about one specific secret combination in particular that would arise in the last days and threaten the freedom of the entire world. It reads:
“Wherefore, O ye Gentiles, it is wisdom in God that these things should be shown unto you, that thereby ye may repent of your sins, and suffer not that these murderous combinations shall get above you, which are built up to get power and gain—and the work, yea, even the work of destruction come upon you, yea, even the sword of the justice of the Eternal God shall fall upon you, to your overthrow and destruction if ye shall suffer these things to be. Wherefore, the Lord commandeth you, when ye shall see these things come among you that ye shall awake to a sense of your awful situation, because of this secret combination which shall be among you; or wo be unto it, because of the blood of them who have been slain; for they cry from the dust for vengeance upon it, and also upon those who built it up. For it cometh to pass that whoso buildeth it up seeketh to overthrow the freedom of all lands, nations, and countries; and it bringeth to pass the destruction of all people, for it is built up by the devil, who is the father of all lies; even that same liar who beguiled our first parents, yea, even that same liar who hath caused man to commit murder from the beginning; who hath hardened the hearts of men that they have murdered the prophets, and stoned them, and cast them out from the beginning.”
This grave warning is extremely serious, yet it often goes completely overlooked by most readers of the Book of Mormon. Most people everywhere have developed tunnel vision in being overly concerned about party politics and their policies. Most of the concerns for partisan politics, though important in and of themselves, are distractions from the greatest problem and danger America faces – the secret combinations of the international money lenders who are at the heart of the conspiracy. This article will discuss the secret combination that has taken control in these last days and is seeking to dominate the entire world.
Voices of Warning
“it becometh every man who hath been warned to warn his neighbour.”
There is a great and secret conspiracy which threatens the freedom of all the world. It is today at work, seeking to overthrow the conditions for freedom and prosperity that the Founding Fathers put in place as a model for all nations. The end goal of this secret combination is “to overthrow the freedom of all lands, nations, and countries” (Ether 8:25). That is why the world’s nations are abandoning national sovereignty in favour of world union, and the free market in favour of wealth redistribution. It is part of a deliberate plan. The end goal is an oppressive, socialistic world government ruled by the super-rich.
Skeptics will surely say that this is baseless speculation, borne of a paranoid mind. Yet throughout history, credible people in credible positions of authority and trust have tried to communicate this very truth. Why should it be so far-fetched when officials in the highest echelons of government have warned of the existence of a secret conspiracy? We will here examine some of the voices of warning from such officials and people of intellectual trust about the great conspiracy:
Abraham Lincoln was President of the United States from 1861 to 1865, during what was undoubtedly its most trying time in history - the days leading up to and including the Civil War. As will be discussed briefly later, the cause of the Civil War was primarily financial, though slavery was a factor. It was in this environment of fighting against the financial powers that sought permanent control, that Lincoln expressed in a private letter his understanding of the threat which the secret combination posed to the country:
“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 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 destroyed.”
Woodrow Wilson, who was President of the United States from 1913 to 1921, was without a doubt one of the worst Presidents the nation has ever had. He was instrumental, as we shall see later, in some of the gravest departures from freedom America has ever made. Wilson was a useful pawn in the hands of the great conspirators, and served well to implement their plans for the world. But even from Woodrow Wilson can be drawn very shocking admissions of the conspiracy to which he was so obedient:
“Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.”
In an attempt to win over the trust and confidence of the populace that was skeptical of Wall Street machinations during election time, Woodrow Wilson made this astonishing admission:
“There has come about an extraordinary and very sinister concentration in the control of business
in the country…. The growth of our nation, therefore, and all our activities, are in the hands of
a few men…. This money trust, or as it should be more properly called, this credit trust … is no
(Woodrow Wilson as quoted in G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 456).
It is significant, however, that at no time was President Wilson actually opposed to the Money Trust, but in fact was its valuable servant and a beneficiary of it.
Franklin D. Roosevelt
Franklin D. Roosevelt, who was President of the United States from 1933 to 1945, was no doubt the most socialistic President to serve in that office during the entire 20th century. It was he who ushered in landmark socialistic programs, such as the New Deal and Social Security, which served to further alienate America from its free market roots. An astonishing admission through the pen of Roosevelt himself reveals that the government has been either in a struggle with or a puppet to the secret Money Power for many years. In a private letter to “Colonel” Edward Mandell House, his close advisor and a link to the Money Power, Roosevelt made this astonishing admission:
“The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson — and I am not wholly excepting the Administration of W. W. [Woodrow Wilson]. The country is going through a repetition of Jackson's fight with the Bank of the United States — only on a far bigger and broader basis.”
President Andrew Jackson, as we shall see later, was a great opponent to the Money Power and fought diligently against it at a dire time in American History. More will be discussed about Jackson’s fight against the Money Power behind the Second Bank of the United States later in this article. Suffice it to say that this Money Power’s insidious influence has managed to persist despite Jackson’s valiant efforts and presently has control over the government even today.
Dwight D. Eisenhower
President Dwight D. Eisenhower, President of the United States from 1953 to 1961, gave at his farewell address to the nation at the end of his tenure as President, a subtle warning of the threat that existed to freedom by powerful influences:
“This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence – economic, political, even spiritual – is felt in every city, every State house, every office of the Federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our toil, resources and livelihood are all involved; so is the very structure of our society. In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes.”
What President Eisenhower was here warning the American people of was the potential for abuse of America’s war machine from those who make money by financing conflicts. This, according to Eisenhower, was and continues to be a very real and serious threat to “Our toil, resources…livelihood…[and] the very structure of our society.” The Military-Industrial Complex, in short, is that power behind the scenes that creates a perceived need for war, and then creates for sale the products for war, all at great financial gain. War is incredibly expensive, and those who have financed it throughout history have made astronomical fortunes. More on the financiers of war and the motivations for the elite powers to push the country into war will be discussed later on in this article.
John F. Kennedy
John F. Kennedy, President of the United States from 1961 to 1963, was among the most profound witnesses against the secret combination, and as we shall discover further on in this article, he later lost his life to it. Shortly after the Eisenhower farewell address, and soon after taking office as President of the United States, John F. Kennedy gave a shocking admission to a gathering of media correspondents, confirming the existence of a secretive, scheming conspiracy that opposes the freedom of all around the world:
“The very word ‘secrecy’ is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and to secret proceedings. We decided long ago that the dangers of excessive and unwarranted concealment of pertinent facts far outweighed the dangers which are cited to justify it.... 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 guerrillas by night instead of armies by day. It is a system which has conscripted vast 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 questioned, no rumour 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.”
More information about President Kennedy and the reason for his assassination will be given later on in this article. But next let us turn our attention to the docile statement of Carroll Quigley, a Georgetown University Historian (and mentor to Bill Clinton) who was given an insider’s glimpse into this secret conspiracy. In 1966, Quigley published his greatest work, Tragedy and Hope, about the rise and fall of nations, which took him 20 years to compose. Quigley was a long-time associate in the inner world of the elites, and his book was meant to be circulated among intellectuals who fancied themselves as elitists; however it soon garnered attention from the John Birch Society, an anti-Communist organization. In the work, Quigley wrote:
“There does exist, and has existed for a generation, an international Anglophile network which operates, to some extent, in the way the radical Right believes the Communists act. In fact, this network, which we may identify as the Round Table Groups, has no aversion to cooperating with the Communists, or any other groups, and frequently does so. I know of the operations of this network because I have studied it for twenty years and was permitted for two years, in the early 1960s, to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of its instruments....In general my chief difference of opinion is that it wishes to remain unknown, and I believe its role in history is significant enough to be known.”
“The powers of financial capitalism had [a] far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences….The apex of the system was the Bank of International Settlements in Basel, Switzerland….Each central bank… sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent rewards in the business world.”
As we see from these very important admissions, there are financial powers that are seeking to control the world economy through the Central Banks. Control of the Central Banks, as we shall see, is to control the society. These financial conspirators, as we shall examine, are also linked to the interests of Communism and have funded the Communists.
Anthony C. Sutton
Another interesting witness from the academic world was Anthony Sutton. He was a research Fellow at the Hoover Institution of Stanford University from 1968 to 1973, and a former economics professor at California State University. During Sutton’s time at Stanford, he wrote a three volume work describing how American technology built the Soviet Union, entitled Western Technology and Soviet Economic Development, and afterward wrote books of likewise interesting themes: Wall Street and the Bolshevik Revolution, Wall Street and the Rise of Hitler, and Wall Street and FDR. At some point Sutton received from an anonymous person a list of members of the clandestine society at Yale University known as “Skull and Bones,” which is an apparent recruiting ground for young talent to be groomed for work within the secret combination, with its membership including high profile individuals such as Tafts, Rockefellers, Pillsburys, and Bushes. Through this information, Sutton was able to inspect the lives of these individuals and connect the dots of world events, the meanings of which had formerly eluded him. He relates in the introduction to his book:
“After 16 books and 25 years in basic research I thought I’d heard it all…the world was a confused mess, probably beyond understanding and certainly beyond salvation—and there was little I could do about it…. Then a year or so ago I received an eight-inch batch of documents—nothing less than the membership lists of an American secret society. Glancing through the sheets it was more than obvious—this was no ordinary group. The names spelled Power, with a capital P. As I probed each individual a pattern emerged…and a formerly fuzzy world become crystal clear…. These volumes will explain why the West built the Soviets and Hitler; why we go to war, to lose; why Wall Street loves Marxists and Nazis; why the kids can’t read; why the Churches have become propaganda founts; why historical facts are suppressed, why politicians lie and a hundred other whys. This series is infinitely more important than the original Western Technology series on technological transfers. If I have a magnum opus, this is it.”
David Rockefeller (born 1915), member of the Rockefeller oil and banking dynasty and its long-time family head, is included among the voices of warning, though like Carroll Quigley, he did not really wish to alert anyone to danger. Quite to the contrary, Rockefeller has been a dominant player in the elite’s secret conspiracy. Yet Rockefeller’s own startling admissions serve as the warning to all lovers of freedom. Rockefeller, a former director of the Council on Foreign Relations, founder of the Trilateral Commission, and member of the secret Bilderberg Group, sought to paint those suspicious of his agenda as crazy “extremists,” yet brazenly admitted that he was indeed “part of a secret cabal...conspiring with others...to build a more integrated global political and economic structure — one world, if you will.” The full quote, taken straight from Rockefeller’s Memoirs published in 2002, reads as:
“For more than a century, ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure — one world, if you will. If that is the charge, I stand guilty, and I am proud of it.”
In case the reader thinks that the intentions which David Rockefeller had behind this quote were benign or altruistic, keep in mind the sort of regimes that he holds in high esteem. In 1973, after visiting Communist China under Mao’s rule, in which millions of Chinese were slaughtered and the rest forced into serfdom, Rockefeller had these admiring words to say:
“Whatever the price of the Chinese Revolution, it has obviously succeeded, not only in producing
more efficient and dedicated administration, but also in fostering a high morale and community
propose….The social experiment in China under Chairman Mao's leadership is one of the most important
and successful in human history.”
(David Rockefeller, “From a China Traveler,” New York Times, Aug. 10, 1973).
How could the globalist David Rockefeller hold Mao’s murderous regime in Communist China in such high regard? It is because Mao achieved in China what the secret combination, of which Rockefeller has been an integral part, wishes to achieve on a global scale. This also serves to show very clearly that the elites are social planners who do not care about the suffering of mankind. They only wish to create a society of serfs to serve them absolutely.
Aaron Russo was an award-winning film-maker and candidate for political offices. He made the documentary America: Freedom to Fascism prior to his death from cancer in 2007. At a certain point in his life, Russo was introduced to Nick Rockefeller of the famed family, and because of personality dynamics the two developed a close friendship. It was from Nick Rockefeller that Russo was personally told about the reality of the dark conspiracy, as Rockefeller was apparently attempting to recruit Russo into the society of the elites. Aaron Russo eventually cut off his ties with Rockefeller completely, being morally unable to continue associations with him after absorbing the full extent of the evil plans of the secret conspiracy. In an interview about the matter, Russo explained what the plans of the secret conspiracy are as related to him by that member of the Rockefeller family:
“The ultimate goal that these people have in mind is the goal to create a one-world government run by the banking industry, run by the bankers. And they’re doing it in sections. The European currency, the Euro, and the European Constitution is one part of it. And now they’re trying to do it in America with the North American Union, and they want to create a new currency called the Amero....And so they want a one-world government, controlled by them [i.e. the bankers]...”
Ezra Taft Benson
Now we come to the most important warning of all: That of Ezra Taft Benson, a prophet, seer, and revelator, as well as the Secretary of Agriculture in the Eisenhower Presidential cabinet; a prophet and statesman both, involved in the highest echelons of government - a man who was in a position to know, if anyone ever was, because of both his high governmental position and his prophetic insight - warned repeatedly of what he termed a “socialist-communist conspiracy.” Ezra Taft Benson warned of these things so often and so consistently that it became one of the great hallmarks of his ministry. Surely God raised up this stirring prophet, having the requisite expertise in these matters, specially for the purpose of warning the people of them. The legitimacy of his life ministry was solidified undeniably when Ezra Taft Benson became President of the Church in 1985. The apostolic warnings of Elder Benson were given even greater weight as a result of this.
Elder Benson was clear that the conspiracy wasn’t a matter of party affiliation. He said, “Why is it that men in high places in government, regardless of party, have been deceived? I am convinced that a major part of the cause can be justly laid at the door of the Socialist-Communist Conspiracy, which is led by masters of deceit, who deceive the very elect” (Ezra Taft Benson, “Stand Up For Freedom,” 1966). He also warned of the world plot of the secret conspiracy in General Conference of the Church:
“Joseph Smith said that the Book of Mormon was the ‘keystone of our religion’ and the ‘most correct’ book on earth. [DHC, vol. 6, p. 56.] This most correct book on earth states that the downfall of two great American civilizations came as a result of secret conspiracies whose desire was to overthrow the freedom of the people. ‘And they have caused the destruction of this people of whom I am now speaking,’ says Moroni, ‘and also the destruction of the people of Nephi.’ [Ether 8:21.]
“Now undoubtedly Moroni could have pointed out many factors that led to the destruction of the people, but notice how he singled out the secret combinations, just as the Church today could point out many threats to peace, prosperity, and the spread of God’s work, but it has singled out the greatest threat as the great conspiracy. There is no conspiracy theory in the Book of Mormon —it is a conspiracy fact. And along this line, I would highly recommend to you a new book entitled None Dare Call It Conspiracy by Gary Allen.
“Then Moroni speaks to us in this day and says, ‘Wherefore, the Lord commandeth you, when ye shall see these things come among you that ye shall awake to a sense of your awful situation, because of this secret combination which shall be among you’ [Ether 8:14.]
“The Book of Mormon further warns that ‘whatsoever nation shall uphold such secret combinations, to get power and gain, until they shall spread over the nation, behold they shall be destroyed. …’ [Ether 8:22.]”
Elder Benson’s endorsement of Gary Allen’s None Dare Call It Conspiracy is significant, because it was one of the earliest books discussing the existence of a New World Order conspiracy, and which had linked the socialist/communist plots to this larger world conspiracy. Even after he became President of the Church, President Benson continued to warn of the great conspiracy, the secret combination that sought to overthrow the freedom of the entire world. He said:
“I testify that wickedness is rapidly expanding in every segment of our society. (See D&C 1:14–16; D&C 84:49–53.) It is more highly organized, more cleverly disguised, and more powerfully promoted than ever before. Secret combinations lusting for power, gain, and glory are flourishing. A secret combination that seeks to overthrow the freedom of all lands, nations, and countries is increasing its evil influence and control over America and the entire world. (See Ether 8:18–25.)”
Of course, President Benson is not the only prophet to have warned us of the evil secret combination. Other prophets have also done so, though not always so specifically, as it was President Benson who was the prophet with the special expertise on the subject of the great conspiracy. The First Presidency and other prophets have also warned of Satan’s conspiratorial workings within government:
“[Satan] is seeking to overturn and destroy the very foundations upon which society, government, and religion rest. He aims to have men adopt theories and practices which he induced their forefathers, over the ages, to adopt and try, only to be discarded by them when found unsound, impractical, and ruinous. He plans to destroy liberty and freedom—economic, political, and religious, and to set up in place thereof the greatest, most widespread, and most complete tyranny that has ever oppressed men. He is working under such perfect disguise that many do not recognize either him or his methods.”
“[T]he combination of wealth, through great corporate organizations, for the purpose of exercising control over the law-making bodies of our country, and the courts by which the law is administered, are among the dangers which menace the world and threaten us.”
“Satan has control now. No matter where you look, he is in control, even in our own land. He is guiding the governments as far as the Lord will permit him. That is why there is so much strife, turmoil, confusion all over the earth. One master mind is governing the nations. It is not the President of the United States...it is not the king or government of England or any other land; it is Satan himself.”
“Gadianton robbers fill the judgment seats in many nations. An evil power seeks to overthrow the freedom of all nations and countries. Satan reigns in the hearts of men; it is the great day of his power.”
The reader should bear in mind that it is not capitalism per se which is the enemy. Not at all, in fact. On the contrary, capitalism and free market enterprise are the great boons to mankind, given to us through the wisdom of God as a part of His inspired Constitution. No, we should not interpret capitalism as the enemy. Capitalism and a true free market is in reality the hero, the last hope of humanity. The threat is where the powers that have grown up around government manipulate the market to their benefit, to where it is no longer free, and thereby line their own pockets. These great, super-rich conspirators then seek to advance socialism to put the power of wealth and its (re)distribution into their hands.
It is clear from these warnings that the idea that there is a worldwide despotic socialist conspiracy is not mere suspicion – it is confirmed as truth from several different witnesses. There is no room anymore for doubt or naysayers. The global conspiracy, the secret combination, is terribly real. And it affects the daily lives of each and every reader of this written work.
A Crash Course on Economics
“[P]eople going their own ways jeopardize neither the preservation of society nor the concerns of other people. A realm of freedom and individual initiative emerges, a realm in which man is allowed to choose and to act of his own accord. This sphere of freedom, by the socialists and interventionists contemptuously dubbed “economic freedom,” is alone what makes any of those conditions possible that are commonly called freedoms within a system of social cooperation under the division of labor. It is the market economy or capitalism with its political corollary … representative government.”
“The Roman Empire crumbled to dust because it lacked the spirit of liberalism and free enterprise. The policy of interventionism and its political corollary, the Fuhrer principle, decomposed the mighty empire as they will by necessity always disintegrate and destroy any social entity.”
–Ludwig von Mises
Human Action, 1966 ed., p. 729, 769
This entire article will deal heavily with the subjects of politics, money and banking, and economics. Money and banking will be discussed in due course. But before we dive into the content of this article, it will be helpful to discuss a few economic basics for purposes of background. There are three concepts of economic theory that we will here consider.
The first economic theory we will discuss is socialism. Most readers of this article hopefully have a basic idea of what socialism is. To truly understand socialism is, for the reasonable person, to dread it. Socialism is the philosophy of total government control over society, with the means of production and all property under the ownership of the government. Private ownership and private enterprise are outlawed, and all activity is closely monitored and scrutinized by the state. Socialism and its twin, communism, were introduced to the world through the convoluted philosophy of Karl Marx. It was his desire to pit economic class against economic class until the friction erupted into a revolution of the proletariat, or the working lower class, against the bourgeoisie, or the wealthier people. It was Marx’s idea to eliminate the economic differences between the classes by forcefully pillaging the wealthy and redistributing their wealth to those of the lower class who did nothing to merit it. A system such as this, where success is not based on merit but by arbitrary decision of the government, is destructive to all of the natural and inherent human desires for progress which have made life so comfortable for so many. Without incentive to work for success or the ability to fulfill needs through private business ventures, progress is sure to stifle, and as communism has proven over the years, people starve. Really, what Karl Marx did was simply re-invent the feudal system, in which all property belongs to governing lords, and the masses of people are serfs which beg and grovel at the feet of the governors to scratch out their living.
Like any popular movement, there are many variations and shades of socialism, and many systems that compromise with the principles of socialism to varying degrees. It has already been noted that communism is nearly synonymous with socialism. What will no doubt surprise many readers is the fact that fascism, the hateful philosophy of the Nazis and others, is actually another form of socialism. Popular opinion would have people believe that fascism is a right wing ideology, and is associated with extreme conservatism. But this is false. As Ezra Taft Benson observed correctly, “For Communism is just another form of Socialism, as is Fascism” (Ezra Taft Benson, “Stand Up For Freedom,” 1966, emphasis added). The First Presidency confirmed this truth in a letter to the U.S. Treasury when they warned, “We believe that our real threat comes from within and not from without, and it comes from the underlying spirit common to Naziism, Fascism, and Communism, namely, the spirit which would array class against class, which would set up a socialistic state of some sort” (Heber J. Grant, J. Reuben Clark, Jr., David O. McKay, Letter from the First Presidency to the U.S. Treasury, Sept. 30, 1941, emphasis added).
The fact that fascism is a form of socialism is readily seen when one considers that it truthfully has nothing to do with conservatism, but has astonishing similarities with communism. Both fascism and communism are characterized by militaristic one-party rule, a police state of total government control, government usurpation over the economy, the destruction of normal families, death camps, a class or group of people targeted as scapegoats, and propaganda. The fact that fascism is a form of socialism becomes even more obvious when one considers that the proper name for the Nazi party was The National Socialist German Worker’s Party. And in fact, even Adolf Hitler as late as 1941 admitted publicly that, “basically National Socialism [i.e. Naziism] and Marxism are the same” (as quoted in F.A. Hayek, The Road to Serfdom, The Definitive Edition, p. 81 in footnote).
Why would the secret combination be attracted to a philosophy such as socialism when its stated agenda is to take the wealth away from the wealthy? Would that not put the financial elites themselves in jeopardy? In answer to this, the reader should remember two things: 1) The plan of the super-rich elites is to use the redistribution of wealth and total government principles of socialism to put the money of the people into their hands. The principles of socialism would govern the masses, and the secret combination plans to live like feudal kings upon the exploitation of them. 2) The elites are collectivists. Collectivism is the fundamental idea that the will of the individual should be subordinated to the interests of the group at large, meaning that the inalienable rights of the individual take a backseat to the interests of a particular group. This mentality is the mindset that drives all of the plans and ambitions of the elites. It is the opposite of the correct and Constitutional notion of individualism, which is the idea the rights and will of the individual takes precedence over whatever the group at large would like to force them to do. The elites detest the idea that the common man should be free to decide his own destiny and operate in a free market. “The concept that a ruling party or class is the ideal structure for society is at the heart of all collectivist schemes, regardless of whether they are called Socialism, Communism, Nazism, Fascism, or any other ‘ism’ which may yet be invented to disguise it. It is easy, therefore, for adherents of this elitist mentality to be comfortable in almost any of these collectivist camps” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 270).
There are many ignorant members of The Church of Jesus Christ of Latter-day Saints who feel that the economic system called the United Order, which Joseph Smith revealed from heaven, is simply socialism. This is a terrible mistake. First of all, the Church is opposed to socialism and has taught repeatedly that the United Order is not communism or socialism. In 1942 the First Presidency stated: “Communism and all other similar isms [i.e. socialism and fascism] bear no relationship whatever to the United Order. They are merely the clumsy counterfeits which Satan always devises of the gospel plan.... Latter-day Saints cannot be true to their faith and lend aid, encouragement, or sympathy to any of these false philosophies” (Heber J. Grant, J. Reuben Clark, Jr., David O. McKay, Messages of the First Presidency 6:151). As Harold B. Lee, then an apostle and head of the Church’s welfare organization, taught the membership of the Church: “contrary to the belief and mistaken ideas of some of our people, the United Order will not be a socialistic or communistic set-up: it will be something distinctive and yet will be more capitalistic in its nature than either socialism or communism, in that private ownership and individual responsibility will be maintained” (Elder Harold B. Lee, Conference Report, October 1941). There are several fundamental economic differences between socialism and the United Order that the reader should consider carefully:
- The United Order is completely voluntary, while socialism requires the use of force to confiscate (i.e. steal) the property of others in order to redistribute it. It is Satan’s method to operate by force, destroying free will and forcing the masses to bend to the will of a dictator (see Moses 4:1-3).
- The United Order retains the private ownership of property. Each individual’s consecrated property is considered private property once it is placed in new hands. In Mormonism, “the right and control of property” is a sacred and undeniable right (D&C 134:2). Those who participate in the United Order have absolute control over their property, while socialism seeks to abolish private ownership and give the sole power of property ownership and control into the hands of the state.
- The United Order encourages private competition, as competition is the means by which services are rendered better and more efficiently. Socialism seeks to eradicate competition and give the consumers only one choice - the state.
- The United Order is administered at the local level, with the Bishop of each ward being the Lord’s judge in the matter. Socialism, on the other hand, is administered at the federal level of government, the most inefficient and faceless and removed entity imaginable.
- The family is the center of the United Order and the focus for which men work for economic prosperity. In socialism, the government seeks to replace the institution of the family.
- The United Order holds respect and value for the Constitution of the United States, which is based on the premise of a free market capitalist system. Socialism is at its core completely opposite to the principles of the Constitution.
- The United Order is a private, voluntary system administered by a private Church among its members. Socialism is administered by the government with the aim to usurp authority over all people.
The reader should understand that socialism, though it claims to help the working class, is insufficient to meet the needs of the masses and leaves them instead in poverty. No method of planning could ever be effective enough to replace the natural forces of the free market. Socialism is also economically unsustainable and leads governments into unmanageable debt, requiring socialist countries to receive aid from others. Its bureaucratic inefficiency is legendary. Also, at the heart of socialism and socialistic programs is blatant theft - stealing from the haves to give to the have nots. It is entirely unjustifiable to suggest that others have the right to steal the property of another, even if the great majority of people would like to see the property taken. It is no wonder that both David O. McKay and Ezra Taft Benson referred to socialism as “soul-destroying” (see David O. McKay, “Message For LDS College Youth”, BYU Speeches of the Year, 1952, and Ezra Taft Benson, “Stand Up For Freedom,” 1966). Socialism is Satan’s insidious method of control over the children of men. It is evil and nefarious to its core. It is also the ultimate goal of the secret combination, who are Satan’s minions. This article will go on to discuss more about how the secret combination is seeking to transition all countries into a one-world socialistic regime, with the power to redistribute wealth from the common person to the pockets of the financial elite.
Secondly, there is Keynesian economics, articulated to the world by the Nobel Prize-winning economist John Maynard Keynes (pronounced “Kanes”). Keynes, a bisexual and a Fabian socialist (Fabian socialists wish to introduce socialism by increments rather than revolution), advocated an interventionist style of economics, that is, that the government should step in and arbitrarily try to fix the economy to suit their goals. Keynesians view the economy like a machine, and the idea is to tinker with the economy as a mechanic would tinker with an automobile engine. Through manipulation of the interest rate and government expenditure, Keynesians think they can manually engineer economic prosperity. This requires wealth redistribution and the infusion of funds into select parts of the economy. Keynesianism assumes at its very foundation that the freedom of a free market economy is too reckless, and that there is a class of intellectuals who, through careful planning, can usurp authority over the economy and individual freedom in order to fix the economy’s problems. This of course necessitates government restraint and control over the economy. Individual freedom is ignored while the wisdom of the dominant is revered. Just as Satan’s plan in the pre-existence was preoccupied with control and coercion (see Moses 4:1-3), so Keynesianism has these aspects at its foundation, using government force to redistribute wealth and manipulate markets. Keynesian economics is a gradual and deliberate road to socialism.
It was socialistic Keynesian interventionism that President Franklin D. Roosevelt advocated in response to America’s Great Depression, it was Keynesian economics that was employed by both George W. Bush and Barack Obama in response to the financial meltdown of 2008, and it is Keynesian thought that predominates today with an unbridled arrogance. It is an unfortunate fact of history that a true free market economy has not existed in America at least since the days of President Franklin D. Roosevelt in the 1930s, and arguably since before that, when the Federal Reserve System was established in 1913. Rather than fixing the system, the tinkering of Keynesian interventionism has proven to have the disastrous effects of actually prolonging economic depression and suffering, and stifling recovery. A look at the effects of Franklin D. Roosevelt’s New Deal on the economy after the commencement of the Great Depression, and the effects of Barack Obama’s Stimulus Package after the financial meltdown of 2008, is sufficient to see the failure of Keynesian economics. Keynesianism also advocates the easy credit of fiat (i.e. simply paper) currency printed at the whim of the Central Bank, a destructive power that plays right into the hands of the secret conspiracy.
Part of the reason for the popularity of Keynesianism is the fact that it fits so incredibly well into the plans of the secret combination, to redistribute wealth and control society. And so it is incessantly advocated in the media and academia, all of which fall under the influence of the secret combination. And indeed, John Maynard Keynes himself had his part in constructing some of the modern framework for the secret combination with his deep involvement in the creation of the International Monetary Fund and the World Bank (to be discussed at the latter part of this article).
Austrian Economics and the Free Market
Thirdly, there is the Austrian school of economic thought, led by brilliant economists such as Ludwig von Mises, Friedrich Hayek (a Nobel Prize-winner), and Murray N. Rothbard. This school of thought is organized in the Ludwig von Mises Institute. The Austrian school advocates principles that are precisely in line with the principles of the Constitution of the United States, which God “suffered to be established, and should be maintained for the rights and protection of all flesh, according to just and holy principles” (D&C 101:77). These principles glorify the freedom of the individual to act in his economic interests as he sees fit. Austrian economics therefore advocates a laissez faire free market economy, a gold standard currency, and is opposed to having a Central Bank over the economy (more about the Central Bank will follow shortly). These free market concepts are the principles of classical liberalism (not to be confused with today’s modern “liberalism,” which advocates the opposite – government control), and are to be found in Adam Smith’s seminal masterpiece on free market economics, The Wealth of Nations. It was the practice of these economic principles that made America the wealthiest, most propserous nation under heaven.
This freedom element inherent in Austrian Economics is the grand key of heaven. It is impossible for mankind to progress without the free exercise of agency and choice. Force will never bring this about. God established the Constitution so “That every man may act in doctrine and principle pertaining to futurity, according to the moral agency which I have given unto him” (D&C 101:78). Man is glorified by his use of free agency. There is no glory in forcing others and foregoing freedom of action. The scriptures are clear that “he that is compelled in all things... receiveth no reward” (D&C 26). Man also has a God-ordained right to property (see the 5th Amendment of the Constitution and D&C 134:2). To confiscate a man’s property or earnings and funnel it, against his free choice, into government welfare programs disregards and bypasses his agency and is Satan’s method of control and coercion (see Moses 4:3). All charitable action should be done on a voluntary basis only, respecting the individual’s God-given free agency. Persuasion, not force, is the right way.
Some reject laissez faire free market capitalism because they perceive it to be only self-serving and not charitable toward others. But free market capitalism meets the needs of the poor far better than socialism ever could. It is under these conditions of freedom which the Founding Fathers wished to bestow upon the nation that mankind is most materially benefited. No other economic system has even approached the success of free market capitalism in raising the standard of living for all people in society - the rich and the poor. As Nobel Prize-winning free market economist Milton Friedman remarked,
“The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn’t conduct his theory under order from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way. In the only cases in which the masses have escaped from the...grinding poverty...the only cases in recorded history, are where they have had capitalism and, largely, free trade. If you want to know where the masses are worst off, it is exactly in the kinds of societies that depart from that. So that the record of history is absolutely crystal clear that there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.”
With reference to charity and free market capitalism, and the effect that government interventionism has had, Milton Friedman also said:
“The capitalist system – the private enterprise system – in the nineteenth century did a far better
job of expressing that sense of compassion than the governmental welfare programs are today. The
nineteenth century, the period which people denigrate as the high tide of capitalism, was a period of
the greatest outpouring of alimony and charitable activity the world has ever known. And one of the
things that I hold against the welfare system most seriously is that it has destroyed private
charitable arrangements which are far more effective, far more compassionate, and far more person-to-
person in helping people who are really, through no fault of their own, in disadvantaged situations.”
(Milton Friedman in “Free to Choose Part IV: From Cradle to Grave,” 1980).
If there were still any doubt as to whether the Austrian view of economics is really actually superior, or whether Marxist socialism and Keynesianism are actually dangerous, let us appeal to the inspired warning and counsel of Ezra Taft Benson:
“As a watchman on the tower, I feel to warn you that one of the chief means of misleading our youth and destroying the family unit is our educational institutions. President Joseph F. Smith referred to false educational ideas as one of the three threatening dangers among our Church members. There is more than one reason why the Church is advising our youth to attend colleges close to their homes where institutes of religion are available. It gives the parents the opportunity to stay close to their children; and if they have become alert and informed as President McKay admonished us last year, these parents can help expose some of the deceptions of men like Sigmund Freud, Charles Darwin, John Dewey, Karl Marx, John Keynes, and others.”
On another occasion, then Elder Benson remarked the following about the von Mises Institute of Austrian economics: “Our present middle of the road policy [i.e. Keynesianism] is as von Mises, whom I class as the greatest economy unit that we have ever known, suggested –socialism by the installment plan.” (Ezra Taft Benson, “Freedom and Free Enterprise,” 1965).
The Story of the Financial Elites
“Let me issue and control a nation’s money, and I care not who writes the laws.”
-Mayer Amschel Rothschild
Chances are that the reader of this article has never heard of the Rothschild family. And yet they are by far and away the wealthiest family in the world. Their influence has guided world events for the last 200 years. Frederic Morton, a biographer, chronicled that the Rothschild family “conquered the world more thoroughly, more cunningly, and much more lastingly than all the Caesars before and all the Hitlers after them” (As quoted in G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 218). Another biographer, Derek Wilson, wrote:
“Those who lampooned or vilified the Rothschilds for their ‘sinister’ influence had a considerable
amount of justification for their anger and anxiety. The banking community had always constituted a
‘fifth estate’ whose members were able, by their control of royal purse strings, to affect important
events. But the house of Rothschild was immensely more powerful than any financial empire that had
ever preceded it. It commanded vast wealth. It was international. It was independent. Royal
governments were nervous of it because they could not control it. Popular movements hated it because
it was not answerable to the people. Constitutionalists resented it because its influence was
exercised behind the scenes – secretly.”
(Derek Wilson as quoted in G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 219).
The same historian wrote:
“Clandestinity was and remained a feature of Rothschild political activity. Seldom were they seen to
be engaging in open public debate on important issues. Never did they seek government office. Even
when, in later years, some of them entered parliament, they did not feature prominently in the
assembly chambers of London, Paris, or Berlin. Yet all the while they were helping to shape the major
events of the day: by granting or withholding funds; by providing statesmen with an official
diplomatic service; by influencing appointments to high office; and by an almost daily intercourse
with the great decision makers.”
(Derek Wilson as quoted in G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 220).
It was recognized that the Rothschilds had such great control over events that they controlled war and conflicts, and profited from them by financing them. As apostle Abraham H. Cannon noted,
“The Rothschild family, who now hold the purse strings of the world… already control the nations of the earth because of the wealth they possess. It is claimed that they can prevent war at any time if they will but shut up their coffers and prevent the outflow of gold, which is necessary to the carrying on of war.”
The Rise of the Rothschilds
Who are the Rothschilds and how did they rise to their position of prominence in the world? They story begins in eighteenth century Germany. Mayer Amschel Bauer was born the son of a Jewish goldsmith living in Frankfurt, Germany in 1744. He went into banking but eventually inherited his father’s business. Above the store of the coin shop was a sign of an eagle upon a red shield, and the establishment became known as the red shield firm, or “roth schild” in German. Mayer Amschel Bauer later changed his name to Mayer Amschel Rothschild because of the familiarity of his establishment.
In 1785, Mayer Rothschild and his family moved into a large dwelling that they shared with the Schiff family. (This is notable because later we will see how the Schiff family was yet to play a role in the secret combination). Mayer Rothschild had five sons whom he trained in the shrewd ways of banking. When his children were grown, he dispersed them across Europe to establish family branches of the business in key cities across the continent. From oldest to youngest, the dispersion of sons was: 1) Amschel Rothschild was posted in Frankfurt, Germany, 2) Salomon Rothschild was posted in Vienna, Austria, 3) Nathan Rothschild, by far the most cunning of all the brothers, was posted in London, England, 4) Carl Rothschild was posted in Naples, Italy, and 5) Jakob (James) Rothschild was posted in Paris, France. (William Still’s The Money Masters documentary).
The Rothschilds developed the brilliant idea of lending money to kings and governments, which was far more lucrative than lending to the common man, and the interest payments and repayment of the principal could be guaranteed through forceful taxation. This created an unholy alliance of government and bankers, with the government dependent on bankers to fight their wars and conquests and fund their spending projects, and the bankers – principally the Rothschilds – becoming very wealthy (William Still’s The Money Masters documentary). “By cooperating within the family, the Rothschilds soon grew unbelievably wealthy. By the mid 1800s they dominated all European banking, and were certainly the wealthiest family in the world” (ibid.).
The Rothschilds became famous for their vast wealth after overtaking the financial world. Wilhelm I of Germany, upon observing the spectacular palace of James Rothschild in Paris, exclaimed, “Kings couldn’t afford this! It could only belong to a Rothschild” (ibid.).
The Rothschilds and the Napoleonic War
The most fateful and decisive triumph of the Rothschild banking dynasty was effected by the cunning Nathan Rothschild during the Napoleonic War. This was the crucial event that solidified the Rothschilds as hidden rulers of Europe and, by extension, eventually the world. Prior to the Napoleonic War, the Rothschilds did not yet have control of the British Central Bank – the Bank of England, which had been established earlier in 1694.
In 1804, Napoleon Bonaparte had arisen as the new dictator of France. Napoleon was opposed to control by the Central Banks, as he saw it as competition and usurpation of his own absolute political power. Therefore, he founded the Banque de France and established himself as its president. Napoleon remarked of the bankers from whom he wrestled control: “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” (Napoleon Bonaparte as quoted in William Still’s The Money Masters documentary).
Napoleon did not want war, but his rejection of the bankers’ control guaranteed that conflict would arise between France and the other nations that were under control of the bankers, such as Britain. The bankers knew that without the endless supply of money manufactured by the bankers out of thin air, Napoleon would scarcely be able to fund an army in his defense, while the banker-controlled nations such as Britain had access to the bankers’ loans, and therefore capital with which to raise vast armies. Napoleon solved this cash flow problem by selling land to the Americans – a transaction known as the Louisiana Purchase (G. Edward Griffin, The Creature from Jekyll Island, 2010, p.220-222).
Napoleon then raised up an army and set about conquering Europe in order to take power from those who would seek to control him. The Bank of England “financed every nation in his [Napoleon’s] path, reaping the enormous profits of war” (William Still’s The Money Masters documentary). Each country went into large debt to stop Napoleon’s advances. It was at this time that Nathan Rothschild hatched a daring plan to smuggle a shipment of gold to the Duke of Wellington, Napoleon’s rival, straight through France under the nose of Napoleon.
The final battle between Napoleon and the Duke of Wellington at Waterloo was to be a critical one for all of Europe. A victory for Napoleon would have spelled disastrous economic effects for England. The Rothschilds’ private couriers were present surveying the battlefield at Waterloo, anxious to witness the conclusion of the battle and bring news to Nathan Rothschild in England. The battle was waged and Napoleon was defeated. Like lightning, the Rothschild agents spirited back to England to deliver the news to Nathan Rothschild a full 24 hours before Wellington’s official news bearers returned with the report of their victory. Nathan Rothschild, being the shrewd businessman that he was, appeared at a prominent spot in front of the England stock exchange (which “stocks” at the time were government bonds – IOUs to raise money for the government). It was here that Rothschild tricked the other investors into thinking that Napoleon had won the war, leading all the investors to sell their investments at a furious rate. At this point, Rothschild bought up all the stock at absolute rock bottom prices. Prices of course went back to normal when the true news of Napoleon’s defeat emerged later on, but it was too late. By the end of that day, through cunning and deceit, the Rothschild family had ownership of virtually the entire British Empire (G. Edward Griffin, The Creature from Jekyll Island, 2010, p.226-227). And Britain, of course, controlled a vast portion of the world. The Rothschilds would also later usurp unrivaled control of the British Central Bank, the Bank of England.
Masters of the Global Conspiracy
What the reader needs to take away from this history lesson is that the Rothschilds are the head of the global conspiracy. They are the nucleus around which other rich financial powers are subservient to. Though the Rothschilds often try to portray themselves as having diminished in their family wealth and influence, “There is no evidence that their [the Rothschilds’] predominant standing in European or world finance has changed” since the nineteenth century (William Still’s The Money Masters documentary). The Rothschilds are still dominant over the world and are the power behind the Central Banks of the world’s nations.
The name Rothschild was in past times more recognizable among the common person, as people used to understand well their dominance over the world, but not so anymore. The reason that this family is not prominent in the news as you would think that they should be is because they either own the media or own those who own the media. They do not want to be discussed by the public. Why should the Rothschilds care to be scrutinized by the world when they could quietly live out their lives of unimaginable filthy lucre in discretion? If people start discussing the Rothschilds and their fortune, they may enquire about how the family amassed this great fortune. Then they may further enquire into how the family is manipulating events today on the world scene, just as they were known to do in times past. All of this is better to be avoided for the Rothschilds. They prefer to be hidden in the shadows rather than exposed to the public, and so very few are at all aware of their presence, let alone their position over the world.
Though the Rothschilds are at the head of the global conspiracy, they are not alone in their work. Other wealthy elites are also in on the plans. Over the years the Rothschilds have directly or indirectly funded men who became wealthy billionaires like Andrew Carnegie of the steel industry, the Vanderbilts and Harrimans of the railroad industry, John D. Rockefeller the oil tycoon, Cecil Rhodes the diamond magnate, and J.P. Morgan the wealthy American banker. “In fact, during World War I, J.P. Morgan was thought to be the richest man in America. But after his death it was discovered that he was actually only a lieutenant of the Rothschilds. Once Morgan’s will was made public, it was discovered that he owned only 19% of J.P. Morgan companies” (William Still’s The Money Masters documentary). In addition to this, the Rothschilds have been the ultimate beneficiaries of the wars and other money-making schemes in modern times. They control politicians and governments by the power of their money. What was perhaps the Rothschilds’ greatest triumph in the modern era was what has been described as a “silent coup d’état” – an imperceptible takeover of the United States (see Aaron Russo’s America: Freedom to Fascism documentary). This was accomplished in 1913 with the creation of the Federal Reserve, which ultimately put the Rothschilds in control of America.
It is very important for the reader to clearly understand that with all of the vilification of the Rothschilds and their underlings in this article, none of it should be interpreted as criticism of wealth, prosperity, capitalism, or profits. Wealth and prosperity, which is the result of capitalism and profits, is in no way inherently evil. In fact, these things when coupled with industrious labour are pleasing to God and are crucial for the welfare of mankind. The Rothschilds are not being criticized in this article because they are rich. They are being criticized because of the nefarious ways that they obtain their wealth, and their ultimate plans for the world at large.
It is also important to note that just because a politician, activist, or Wall Street tycoon may be working toward the ends of the Rothschild conspiracy, does not necessarily mean that they are fully or even partially aware of its actual power structure. Many are foolish idealists. Aaron Russo reported that his friend Nick Rockefeller explained of the participants in the Council on Foreign Relations and other groups, “Most of them believe they’re doing the right thing. A lot of them believe it’s better off being socialistic” (Reflections and Warnings: An Interview with Aaron Russo by Alex Jones). Others are only participating to get whatever kickbacks and rewards might be available to them. Recall that Carroll Quigley reported that the Financial Powers behind the Central Banks sought to “influence cooperative politicians by subsequent rewards in the business world.” (Carroll Quigley, Tragedy and Hope, p. 324). As G. Edward Griffin, renowned author and researcher on the subject explained:
“In time, as these conspiracies are built from the center out, they form additional rings of
organization. Those in the outer echelons usually are idealists with an honest desire to improve the
world. They never suspect an inner control for other purposes, and only those few who demonstrate a
ruthless capacity for higher leadership are ever allowed to see it.”
(G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 272).
The Rothschilds Fulfill Prophecy
What will no doubt be thought a very interesting fact by readers of this article is the encounter that John Taylor had with Baron Rothschild (i.e. Nathan M. Rothschild), the grandson of the Nathan Rothschild who secured the family fortune through deception upon the end of the Napoleonic War. Baron Rothschild was at the time the wealthiest man in the world. “One time Rothschild was traveling around the world and he came to Salt Lake City…Finally Baron Rothschild called on [John Taylor],” who at the time was President of the Church (Moses W. Taylor, Conference Report, Apr. 1913, p. 36). John Taylor discussed with Rothschild the purpose of the temple and the role of the Jews in Palestine. John Taylor then predicted that the Rothschilds would have the role of gathering the Jews back to Palestine in modern times. The story as related by President Taylor is as follows:
“I remember talking with Baron Rothschild when showing him our Temple. He asked what was the meaning of it. Said I, ‘Baron, your Prophets centuries ago, when under the inspiration of the Almighty, said that the Lord whom you seek shall suddenly come to his temple.’ ‘Yes,’ he said, ‘I know they said that.’ ‘Will you show me a place upon the face of the earth where God has got a temple to come to?’ Said he, ‘I do not know of any such place.’ ‘But if your Prophets told the truth, then there must be a Temple built before your Messiah can come.’ Said he, ‘Is this that Temple?’ ‘No, sir.’ ‘What is this then?’ ‘It is a Temple but not the Temple your fathers spoke of. But you will yet build a Temple in Jerusalem, and the Lord whom you seek will come to that Temple.’ ‘What is this for?’ he enquired. ‘Among other things that we may perform the sacred ordinances about which we are so much maligned…’”
When talking to some other Jews at a later time, John Taylor reported, “I talked about our temples, and said that they [the Jews] would have to build one at Jerusalem, and I told them that I had spoken to Baron Rothschild on this same subject some few years ago, and that he would assist in gathering the people.” (John Taylor, Journal of Discourses, 25:265, emphasis added) Though the Rothschilds have a sinister plan and selfishly work toward their own ends, they nevertheless have served a major role in fulfilling Bible prophecy, having affected the return of the Jews to the Holy Land upon the creation of the nefarious United Nations. As apostle Abraham H. Cannon remarked, “The Rothschild family, who now hold the purse strings of the world, might be the instrument in the hands of God for the accomplishment of wonderful things in regard to Jerusalem,” (Abraham H. Cannon, Collected Discourses, Vol. 5, October 6, 1895). Just as King Cyrus in ancient times, the Rothschilds were destined to fulfill prophecy. And like King Cyrus of Persia, the Rothschilds caused the return of the Jews to Jerusalem, and are the undisputed conquerors of the known world, and perhaps saw their potential place in the prophecy, despite being unbelieving (Ezra 1:1-5, Isaiah 44:28).
Truman G. Madsen, in his book Presidents of the Church, remarked about the fulfillment of John Taylor’s prophecy that the Rothschilds would be the means by which the Jews would return to Jerusalem. He wrote:
“Baron Rothschild became a major factor in preparing the way for what is known as the Zionist
movement in the Holy Land….He became a major contributor to further development over there, and his
descendants and heirs have continued the work to our time. How much influence did President Taylor
have on Baron Rothschild to do those things? We cannot know. But it is clear that in some ways John
Taylor understood the future of the Jewish people better than the Jewish people themselves.”
(Truman G. Madsen, Presidents of the Church).
Another prophetic utterance relative to the Rothschilds and the end times comes from the mouth of the notable apostle Orson Pratt. He tied them into the events of Armageddon in this way:
“For you know when the Rothschilds and the great bankers among the Jewish nation shall return back to their own land to rebuild the city of Jerusalem, carrying their capital with them, it will almost ruin some of the nations, and the latter will go up against Jerusalem to take a spoil. And they will succeed in taking half the city captive; and when they are in the act of destroying that city, behold the Lord will come with all his Saints, and he shall stand his feet on the Mount of Olives, ‘And in that day’ says the Prophet Zachariah ‘shall the Lord go forth and fight against all those nations that have fought against Jerusalem, and their flesh shall consume away upon their bones, their eyes in their sockets.’ [see Zech. 14:12; D&C 29:19] This great calamity comes upon the Jewish nation in consequence of their unbelief in the true Messiah.”
What is a Central Bank?
“This institution [the Central Bank] is one of the most deadly hostility existing, against the principle and form of our Constitution.”
“I sincerely believe...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.”
“We are completely saddled and bridled [by the Central Bank], and the bank is so firmly mounted on us that we must go where they will guide.”
Andrew Allison, The Real Thomas Jefferson, p. 354, 356, 354
Fundamental to our discussion of how the financial elites are accomplishing their takeover of the world is the role and function of the Central Banks of the several nations, which are under their control. Recall that Carroll Quigley revealed that the elites planned “to create a world system of financial control in private hands…to be controlled in a feudalist fashion by the central banks of the world acting in concert” (Carroll Quigley, Tragedy and Hope, p. 324, emphasis added). What is a Central Bank? How does it work, and why are they important strategically for the financial conspirators? This section will answer these important fundamentals in plain language, and serve as a basic groundwork on which to build our knowledge of the secret combination.
Most nations have a Central Bank. In the United States of America, the Central Bank has the deceptive name of the Federal Reserve. But in other nations the Central Banks are simply called the Bank of England, the Bank of Canada, the Bank of Japan, etc. The names are not that important. What is important is what these Central Banks do and who is in charge of them. In essence, the Central Bank is like the banker to the government and the banks, financing both. The Central Banks have complete control over the money supply of a nation by 1) having exclusive power to print money and therefore regulate the supply of money and, 2) controlling the interest rate by which commercial banks borrow funds from the Central Bank, which affects the interest rate individuals pay on their bank loans from commercial banks. The interest rate for borrowing, rather than being set naturally by the free market as should happen, is arbitrarily set at rates that suit the purposes of the Central Bank. Also, 3) Controlling the reserve requirement, or the amount of cash which the commercial banks must keep on hand or in reserve in proportion to their loans. With these three powers vested in the hands of the Central Bank, they have complete control over the economy.
Who are these Central Bankers that they have such awesome power over the countries in which they are established? It may come as a great surprise to learn that the Central Bank is NOT a government institution. The Central Bank of a respective country is a private company with private shareholders – that is, the Central Bank, or the Federal Reserve System, is owned by private bankers, not the government. That is why the name Federal Reserve is so deceptive – it is not federal at all, and its actual reserves are in question. That is not to say that the Central Bank does not work with the government – it does. And that is also not to say that the government is resentful of the Central Bank – they are not. In fact, government and the Central Bank work in a close partnership to serve each other’s interests (but not the interests of the citizens).
What happens is when the government needs money, it doesn’t print its own but it borrows money from the Central Bank. The government will sell bonds (i.e. make out an IOU) to the Central Bank, a debt that is payable to the Central Bankers plus the cost of interest tacked on top of that, and in exchange the Central Bank will print up money for the government (although today it is largely simply through the means of an electronic transaction – the stroke of a computer key). This process is called “monetizing the debt,” that is, turning the government’s debt into money. Of course, the money loaned to the government, and on which the government must pay back with interest, never really belonged to the Central Bank. They did not really work for it through investing or raising capital. No, they simply created it. They made it out of thin air – out of nothing, then loaned it to the government, and charged interest for it. Most of these interest payments are remitted back to the U.S. Treasury (i.e. back to the government), but the Federal Reserve does keep what it wants for “administrative costs.” It is not simply the charging of interest that gives the Central Bank the power it wields, and the interest is rather inconsequential in the larger picture. But it is bizarre that such a system is set up, wherein the government receives the majority of its money from private bankers who simply printed it up and then charged for it. This absurd system has not always been how governments raised funds, but today it is the principal way besides taxation. There is an alternative to this system, and it is certainly a better way, as will become clear to the reader shortly.
The commercial banks are the banks with which the average citizen deals with, takes loans from, and makes deposits with. They are underneath the Central Bank in this peculiar banking hierarchy. The Central Bank will also loan money to these commercial banks, and that is where the commercial banks get their capital – the cash that they have on hand. The commercial banks with which we do our banking must accept direction from the Central Bank of the nation as far as how much capital to have on hand in proportion to loans, and largely what their interest rates will be.
The point of a Central Bank is to acquire a monopoly on the printing of money, and therefore all of the money in use has been manufactured by the Central Bank with laws passed enforcing it as “legal tender.” The people are required by law to accept the Central Bank’s notes (i.e. the paper money it prints) as money, and that is quite actually the only reason people do. Money in its fundamental form is a commodity of intrinsic universal value, such as gold, and not simply paper that we are supposed accept instead of a valuable commodity (we will discuss more about this below under the heading “Funny Money”).
The system of a privately-owned Central Bank is unconstitutional according to the glorious standard of the inspired Constitution of the United States. Article 1 Section 8 of the Constitution declares that Congress is charged with the responsibility to “coin money, [and] regulate the value thereof...” For Congress to give up this authority to a privately-owned and unaccountable Central Bank as it did in 1913 with the fateful Federal Reserve Act, is completely and utterly unconstitutional. Another reason a Central Bank is unconstitutional is that it seeks to override Article 1 Section 10, in which nothing but “gold and silver coin [shall be] a tender in payment of debts.” This will also be discussed below in this section under the heading “Funny Money.” And a third reason that a Central Bank is unconstitutional is that the Constitution, again in Article 1 Section 10, expressly forbids the emission of “bills of credit,” or fiat currency, which is exactly what the Federal Reserve Notes are (i.e. the present American Dollar Bill). More about fiat currency will be discussed later on as well.
Much emphasis will be made in this article about the role and function of the Central Banks because they are vital to the story of the secret combination. But the reader should bear in mind that it is not the Federal Reserve or the Bank of England or any other Central Bank that stands at the head of the great conspiracy. These institutions are merely a means for control exercised by the world’s financial elite – the Rothschild dynasty. This is made clear in the following admission from Carroll Quigley:
“It must not be felt that these heads of the world’s chief central banks were themselves substantive
powers in world finance. They were not. Rather, they were the technicians and agents of the dominant
investment bankers of their own countries, who had raised them up and were perfectly capable of
throwing them down. The substantive financial powers of the world were in the hands of these
investment bankers (also called “international” or “merchant” bankers) who remained largely behind
the scenes in their own unincorporated private banks. These formed a system of international
cooperation and national dominance which was more private, more powerful, and more secret than that
of their agents in the central banks.”
(Carroll Quigley, Tragedy and Hope, p. 326-327).
A Banking Cartel
The Federal Reserve System, as well as any Central Banking system, is fundamentally a banking cartel. This is important to understand. The goal of a cartel is to “maximize profits by minimizing competition between members, to make it difficult for new competitors to enter the field, and utilize the police power of the government to enforce the cartel agreement” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 8). In other words, by working together and using the strong arm of the government, the bankers who are party to the Federal Reserve or the Central Bank of a country can make much more money by eliminating excess competition. A cartel arrangement runs counter to the competitive environment that should prevail in a free market economy. The reader should not blame cartels on free market capitalism. Cartels are by definition government-enforced, and therefore not the effect of a free market. In fact, the function of government in a free market is to prevent against such arrangements to ensure that competition is lively. Banks should be able to prosper or perish based solely on their behaviour in the market place, regulated not by government agreement but by whether its customers wish to do business with it.
Lender of Last Resort
The cartelization effect of the Central Bank destroys the free market checks on the banks’ risky business practices, protecting them as their “lender of last resort.” (Murray N. Rothbard, The Case Against the Fed, p. 62-64). “Lender of last resort” means that the Central Bank is standing by to give newly printed money to banks of its choosing should they be in need of it. This means that the banks that know they are in with the cartel system are free to make whatever risky business decisions they would like with relative impunity, because the Central Bank will be there to print up the money they need to continue onward when they get in trouble. Other banks that are not part of the cartel must follow suit with the risky business practices in order to compete with the cartel. When these practices inevitably fail and make the banks insolvent (i.e. without enough money to pay their debts – bankrupt) the Central Bank will create money from nothing, out of thin air as it were, to give as a bailout to failing banks that are “too big to fail.” All of this is at the expense of the consumers, who eventually pay the cost for this in the inflation of the currency, which generates higher prices of consumer goods. Of course, having a lender of last resort to bailout the banks when they make poor business decisions – and all at the expense of the citizens – is ludicrous and completely counter to the justice of a free market economy.
But there is no reason to expect anything different under the current system. Why wouldn’t these large banks that are part of the Central Bank cartel engage in risky business? After all, risky business can have huge payoffs, and if there is an organization (the Central Bank) with a money machine that will print for you whatever amount you need should you go bankrupt, there is nothing stopping these commercial banks from risky business practices all for the sake of maximum profits. And rather than stop at bailing out select American banks, the Federal Reserve has become a de facto lender of last resort to foreign countries and corporations, printing the American peoples’ money and giving it to whom they choose without any accountability.
This situation also presents the problem of moral hazard in the banking industry (Murray N. Rothbard, The Case Against the Fed, p. 134-137). Consider that the role of the Central Bank is to bailout commercial banks of its choosing if they get into trouble. If there exists a tendency among these commercial banks to want to engage in risky behaviour that might cause them to require the assistance of their insurance provider (the Central Bank), then this makes for a faulty system in the first place, because it encourages exactly what it is supposed to be trying to protect against. Of course, the reason for this strange circumstance becomes clear when we realize that the entire system is simply for the purpose of making the bankers as much money as possible. The big banks that know they will be bailed out have no incentive to abstain from risky business practices that might make them go insolvent (i.e. bankrupt). When they do go bankrupt and the Central Bank bails them out, it is the citizens who must suffer the ill consequences, and not the banks, because of the ravages of inflation that will result. All of this bailing out of unscrupulous Wall Street businessmen – at the taxpayers’ expense – when it was the fat cats themselves that caused the problems in the first place, is reminiscent of the secret combinations that caused the destruction of the Nephite nation, which were “letting the guilty and the wicked go unpunished because of their money” (Hel. 7:5).
Fractional Reserve Banking
If there are two concepts that are important to understand in our discussion of the Central Bank, they are 1) the nature of money and 2) fractional reserve banking. Fractional reserve banking is a practice employed by banks now for centuries in which the banks have insufficient assets to cover the demand for deposits. In other words, they don’t have enough actual money in their vaults to cover their loans, and they loan out more money than they actually have. Fractional reserve banking is a fraudulent business practice, tolerated only in the banking industry (Murray N. Rothbard, The Case Against the Fed, p. 37-54).
Banks started out as warehouses to store depositors’ caches of gold or other precious metal coins. Receipts, or notes, which we would now consider “paper money,” were then issued to the depositor as proof of his ownership of the gold in deposit. The gold held in storage was redeemable upon demand of anyone in possession of such receipts. The receipts then became a legitimate form of money and useful for exchange, as they were easy to transport and, best of all, represented real wealth in gold. As time progressed, these shrewd bankers realized that if they issued more notes than they had gold in reserve, they could make more money through lending practices than with simple warehouse services. And so the fraudulent practice upon which our present banking system is based, fractional reserve banking, was born.
Banks make a lot more money when they employ this fraudulent practice, and that is why there is such a temptation for all banks to follow this method. The Federal Reserve banking cartel exists to see that this fraudulent practice can persist without jeopardizing the major players of the cartel.
The obvious effect of this fractional reserve practice is that there is never enough capital (i.e. gold, cash, or whatever the asset is in the vault) to pay out to the investors should they all demand their deposits at the same time. The theory behind fractional reserve banking, however, is that a large number of depositors will never demand their deposits at any one time, thus making it safe for the banks to not have enough in reserve to cover the deposits. This theory has been proven false many times throughout history, however. “The financial panics of 1873, 1884, 1893, and 1907 were in large part an outgrowth of ...reserve pyramiding and excessive deposit creation by reserve city...banks [i.e. they were caused by fractional reserve banking]” (Historian John Klein as quoted in G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 15). Fractional reserve banking makes banks susceptible to bankruptcy when depositors all come to withdraw their deposits at once. The reason for such frenzy is that the depositors know that if the banks are in trouble the bank will only be able to pay out the first few customers who come to claim their deposit. All others will receive nothing and the bank will go under, causing those who got there late to lose their savings. This sort of panic is called a “run on the bank” or a “bank run.”
What should happen when depositors demand their money and the bank is not able to honour the debts because of this fractional reserve fraud, is for the bank to simply go out of business. In time, people would no longer trust banks that did not adhere strictly to 100% reserve policies. But the entire point of a Central Bank is to create a cartel, with the government’s support, to prevent the banks from going out of business when their fraudulent practice should have done so. The Banking Cartel, the Fed, has as one of its primary purposes to bail out the larger banks when their fraudulent fractional reserve banking practices make them insolvent (i.e. bankrupt) , but also lets the smaller banks sink or become assimilated by larger banks when they run into trouble. The whole point is to reduce competition for the cartel member banks. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 60-61).
Another ill effect of fractional reserve banking is that it increases the money supply and thereby causes inflation. Fractional reserve banking is in every respect like counterfeiting. Counterfeiters seek to capitalize on the purchasing power of money by creating their own which has no actual value. This money is then used first by the counterfeiters and subsequently passed on to the unsuspecting dupes in society who will take the fake currency. This process creates an excess of currency that did not belong in circulation. This excess of currency leads to the devastating effects of inflation as we shall examine shortly. The only difference between fractional reserve banking and counterfeiting is that when the Central Bank or commercial banks engage in this form of counterfeiting, it is government-sanctioned counterfeiting. Let us return to the simplistic example of how banking used to work in which the bank holds gold in reserve and issues notes for the gold. These receipts are, in effect, money because they are treated as the equivalent of the gold in storage. When there are more receipts than pieces of gold, the money supply has increased artificially. Now when we consider in practical application, the Federal Reserve creates money out of nothing, and then it will set the reserve rate or the amount of capital which commercial banks must have on hand. Rather than only loaning what the banks have received in deposit, they will multiply the amount of money they loan according to the reserve requirement ratio. If the reserve requirement ratio is set by the Central Bank at 10%, we’ll say, and it has $100 worth of gold or capital deposited, then the Central Bank can loan out $1,000 of printed cash to the commercial banks. The commercial banks can take this $1,000 held in reserve and loan out $10,000 (“Money, Banking, and the Federal Reserve” documentary produced by the Ludwig von Mises Institute). And so the commercial banks, when they make loans, expand the money supply further by creating more “check book” money out of thin air each time a loan is made. The ill effects of inflation will be covered more thoroughly in this section under the heading, “Inflation Hawks?”
There is no question that fractional reserve banking is dishonest and completely fraudulent in nature. Those who would seek to defend the principle of fractional reserve banking are denying the obvious truth. It is very telling that the only honest 100% backed deposits are those that the Federal Reserve has with the United States Treasury (Murray N. Rothbard, The Case Against the Fed, p. 138). Fractional Reserve Banking is supposed to be good enough for us citizens, but when it comes to the Federal Reserve banking cartel, they demand authentic deposits in their behalf.
It is very important to understand the principle of fractional reserve banking. Fractional reserve banking is the fundamental problem plaguing our economy and the leverage that gives the financial banking elites their incredible power. If fractional reserve banking were strictly outlawed, prosperity would abound for the common man and the powers and plans of the elites would likely crumble.
This next segment will discuss the nature of money and the tricks that the Central Bank plays to undermine real money and make the people accept its paper counterfeits. First, a few definitions are in order: Hard money, fractional money, and fiat money. Hard money is paper money that is 100% redeemable in gold (or whatever the precious metal currency happens to be – usually gold or silver). It is a very safe and stable currency, because at any time, the bearer can present it at the bank and receive the full amount of gold of which the paper currency represents. There is no fear of the bank not having enough money to cover all of the depositors’ demands, because the bank has 100% of the deposits in reserve (i.e. in the vault). Fractional money is money that is only partially redeemable in gold or precious metal coin. That is, there is some gold backing the paper notes, but the notes are not 100% backed, rather only a fraction of that is actually available to be redeemed in gold, hence the name. This sort of currency is very unsound, as the possibility of bank runs exists, making the possession of the paper currency note not necessarily indicative of ownership of the valuable gold commodity. Fractional money is a transitional currency toward a total surrender to fiat currency. Fiat money is simply paper money – it has no gold or precious metal backing whatsoever. In other words, this paper currency is not redeemable in gold and does not represent ownership of gold at all. It is the most volatile and dangerous of all currencies.
As discussed above, the institution of a Central Bank is unconstitutional since Article 1 Section 10 of the Constitution mandates that only gold or silver may be legal tender for debts. Paper money is acceptable if it is 100% redeemable for gold at a bank, thereby making it the equivalent of gold (i.e. hard money). Article 1 Section 10 of the Constitution also declares that “no state shall...emit bills of credit.” Bills of credit are simply fiat paper money, money without precious metal backing. The Founders had a vision of sound money for the nation, borne out of their bitter experience with valueless fiat currency. And yet, presently under the system in America, which is lorded over by the Federal Reserve, Americans are forced to accept intrinsically valueless paper currency. The present monetary system of fiat currency is totally unconstitutional and illegal.
Before we discuss why the Federal Reserve (or any Central Bank) would want to do away with a gold standard and force the people to accept fiat currency, we should discuss the merits of gold currency. After all the money experiments throughout the ages, it has been determined that gold is the most desirable form of currency (and that silver is a close second). (Murray N. Rothbard, The Case Against the Fed, p. 16-17). Gold has an intrinsic value – it can be used for things other than money, for example, the making of jewellery. And so gold is a commodity that is desired universally. Everyone would accept gold in a transaction because they know that they could turn around and use it to purchase other goods because others would accept it as money, too. This is known in economics as a coincidence of wants. In other words, gold has the advantage of being desired by everyone, thus it makes for an excellent medium of exchange in which to effect transactions in everyday business. Gold is also easily divisible, that is, it can be divided into smaller sections without losing all of its value. Imagine for instance trying to use a washing machine for money. What would you do if you only wanted to purchase an item worth a fraction of the entire washing machine? Would you rip off the lid and try to exchange that? What would the other person do with only a piece of a washing machine? It would be worthless to them. But with gold, it can be melted down into smaller quantities and retain all of its attractive features – thus it is easily divisible. In addition to this, gold is actually in ideal supply for a medium of exchange (although virtually any amount would suffice for a medium of exchange – it would only change the value of the gold). Gold is also a stable currency, because it is not a simple thing to increase the supply of gold. In order to increase its supply it requires labour and toil (as opposed to just turning on a printing press and, as if by magic, there’s more money!).
It was just mentioned that gold is in an ideal supply to serve as a medium of exchange. This is because there is enough to go around but not so much that the gold becomes valueless. How crucial is the quantity of money? Many who ascribe to the false Keynesian theories of economics often argue that the money supply must be able to continually grow at a predetermined rate. This is false and misleading. As G. Edward Griffin, author and researcher, explained, “It is often argued that gold is inappropriate as money because it is too limited in supply to satisfy the needs of modern commerce....upon examination, this turns out to be one of the most childish ideas imaginable....The amount of gold in the world does not affect its ability to serve as money, it only affects the quantity that will be used to measure any given transaction” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 141). In other words, it makes no difference if we must use small fractions of gold ounces for transactions. This does not destroy gold’s ability to function as currency – it only makes the currency more valuable to its holder. Imagine a world where the buying power of your savings did not dwindle over time, but actually increased! This would be the fortunate and perfectly workable scenario under a system of gold currency.
Another very important aspect of gold as currency is that it puts very definite limits on government spending. The reason that government can spend so many billions of dollars on its pet programs is because they have an endless reservoir of cash from which to pay for their spending. They simply ask the Federal Reserve to turn on their money machine and spending projects are launched and wars are fought. It is a very interesting and important fact that if government was constrained by a gold currency it would not be able to easily redistribute wealth or to continue to fight needless wars for extended periods. Economist Joseph Salerno remarked about gold currency and its effects on government spending, “The gold standard was understood by the Founding Fathers, by Andrew Jackson and others, as being a money of the people. That is, it was a hard money, a money that could not be tampered with, that could not be inflated to permit government expenditures [to skyrocket].” He also stated, “Almost...every major war has involved a departure from the gold standard, because the gold standard puts strict limits on government financing” (“Money, Banking, and the Federal Reserve” Documentary produced by the Ludwig von Mises Institute).
Why do Central banks desire to eliminate gold standard currency and issue strictly fiat money? First, consider that governments also desire this very same thing – the elimination of gold currency for fiat currency. Governments want this very badly because it provides a way for their spending to increase without the unpopularity of raising taxes. It is the perfect solution for them; government gets to have its cake and eat it too. Instead of taking the very visible and unpopular route of increasing taxation, governments can quietly go to their Central Banks for money from the printing press. Then they can have their money to spend on their pet projects and wars, and hardly anyone in the country realizes how the government got its money, what is going on, and the unfavourable repercussions that will follow. As for the Central Banks themselves, when we consider that the world financial conspirators are behind the curtains, we can understand that among their motivations to eliminate the gold standard are:
- Governments can plunge their nations into perpetual war and pay for the wars from the money which flows from the Central Banks. This creates huge profits for the bankers financing the conflicts.
- Societies can be kept under control when money is not an accessible commodity like gold, but it comes from one place only – the printing press of the Central Bank.
- In a system where the money simply comes off a printing press that the bankers administer, wealth is easier for the elites to control and redistribute – they simply have to print more money and see to it that it makes its way to their banker friends.
- When a great amount of new money can be printed out of nothing, this creates a short-term increase in buying power for whoever has the new money first. Of course, this newly printed money always goes first to the banks and governments.
- At the right time, societies can be overthrown by corrupting their currencies through inflation and destroying the fortunes of the middle class. It is at this point that the people will be shackled with a socialistic system of government. Such was the case with hyperinflation in Germany after World War I, and Hitler came to power with his National Socialism solution.
It is very dangerous to allow the currency of a nation to be corrupted. It will ultimately lead to the destruction of society, and the financial elites know this. As author and researcher G. Edward Griffin noted, “[I]t is sobering to realize that every previous nation in history that has adopted [fiat] money eventually was economically destroyed by it” (G. Edward Griffin, The Creature From Jekyll Island, 2010, p. 206-207). Not only is this the lesson of history, but it is also the subject of prophetic warning. Ezra Taft Benson has cautioned, “Few policies are more capable of destroying the moral, political, and social basis of a free society than the debauching of its currency” (Ezra Taft Benson, An Enemy Hath Done This, p. 211). Even John Maynard Keynes, the morally bankrupt creator of a branch of economics that advocates government interventionism, admitted to this truth. Keynes said:
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch
the currency….Lenin was right. 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
(John Maynard Keynes as quoted in G. Edward Griffin, The Creature From Jekyll Island, 2010, p. 183).
What should be done to avoid the pitfalls of a corrupted currency? The answer is to have a currency that is on a gold standard, and is redeemable in, and 100% backed by, gold – a hard money currency. This was the prophetic counsel of the Prophet Joseph Smith, who taught the following concerning the issue of money:
“I consider that it is not only prudential, but absolutely necessary to protect the inhabitants of this city [Nauvoo] from being imposed upon by a spurious currency. Many of our eastern and old country friends are altogether unacquainted with the situation of the banks in this region of country; and as they generally bring specie [coins of precious metal] with them, they are perpetually in danger of being gulled by speculators. Besides there is so much uncertainty in the solvency of the best of banks, that I think it much safer to go upon the hard money system altogether. I have examined the Constitution upon this subject and find my doubts removed.…The Constitution tells us what shall not be a lawful tender. Art. I, Section 10 declares that nothing else except gold and silver shall be lawful tender….The different states, and even Congress itself, have passed many laws diametrically contrary to the Constitution of the United States.”
The unfortunate curse of inflation already been mentioned. What is inflation? Inflation is often defined as an increase in prices, but it is really an increase of the money supply which causes an increase in prices. Therefore inflation is simply an increase in the money supply. Inflation reduces the value of money, decreasing its purchasing power. This is because the real price of goods remains constant but the medium of exchange, the supply of money, has increased relative to the amount of goods. If the supply of money is doubled, for instance, then it takes twice as much money to buy the same good. Inflation punishes those who save their money because the longer they hold onto it the less it will buy for them. It also punishes those who are on a fixed income, such as retirees, for while their monthly stipend never increases in size the prices of goods and cost of living increases perpetually. Of course, even people in the regular workforce suffer because of inflation, as their salaries and wages never seem to increase as fast as the inflation. Inflation is a destructive thief. There is really no such thing as “healthy inflation.” The only people who are able to weather the inflationary storm are the rich who own significant tangible assets such as land and other capital, which can then be valued at the new higher prices. But the rest of society are clear losers in the inflation game, which acts as a means to redistribute wealth to those who already have it.
While it portrays itself as a guardian against damaging inflation, the Federal Reserve (and each respective Central Bank of any given country) is actually the very cause of inflation. Although the image is often portrayed to the public of the Central Bank leading a noble crusade against inflation, this common notion is completely fallacious. With absolute power over the money supply and a monopoly on printing notes that are legal tender, the Central Bank is in fact the only cause of inflation. It very deliberately causes “chronic inflation that has wrecked our savings, distorted our currency, levied hidden redistribution of income and wealth, and brought us devastating booms and busts” (Murray N. Rothbard, The Case Against the Fed, p. 145). The Central Bank does this because the first people to receive the newly printed money benefit enormously. This is because they are able to spend the new money before the market realizes and adjusts to the influx of additional money, causing a raise in prices. Who are those that receive the newly printed money first? Why, it’s the government and the banks.
Of course, as has already been mentioned, politicians are in bed with the Central Bank, because they prefer to fund their programs by creating new money (inflation), rather than by taxation, which would surely anger their constituents. The effects of inflation, which are a rising cost of goods and a rising cost of living, appears later on down the road and at that point can be blamed on other factors. As Ezra Taft Benson said, “The most common method of increasing the money supply today is by spending more than is in the treasury, and then merely printing extra money to make up the difference. Technically this is called ‘deficit spending.’ Ethically, it is counterfeiting. Morally, it is wrong” (Ezra Taft Benson, An Enemy Hath Done This, p. 209-210).
Recall that when the Central Bank bails out a failed commercial bank that has gotten itself into trouble, the Central Bank will simply print new money and give it to the commercial bank so it can pay its debts. Ultimately it is the citizen that pays for the bailouts of the Central Bank, because the increase in the monetary supply and subsequent reduction in buying power - the inflation - acts in effect as a burdensome and very real tax on the people.
Creating the Booms and Busts
What will no doubt be an amazing fact to many is that the Federal Reserve creates the booms and busts of the business cycle that are so often blamed on capitalism, by artificially manipulating the interest rate and inflation (Murray N. Rothbard, The Case Against the Fed, p. 54-55). It is not capitalism that creates the booms and busts, the cycles of prosperity and recession/depression, as popular opinion would have people accept. “[I]t is clear that the credit-creation process by the banks habitually generates destructive boom-bust cycles” (ibid., p. 55). If the Central Bank did not have its claws in the economy, and the practice of fractional reserve banking was strictly outlawed, there would not be a cyclic occurrence of booms and busts as occurs presently. Although the Federal Reserve was officially put forward to the public as a means to make sure that destructive depressions did not ever occur again, “it is undeniable that, ever since the Fed was visited upon us in 1914, our inflations have been more intense, and our depressions far deeper, than ever before” (Murray N. Rothbard, The Case Against the Fed, p. 146).
This power over the economy to create prosperity or despair as it pleases the financial elite is astonishing. What most people might dismiss as a benign government agency is actually a privately-owned banking cartel that really runs the country. It is not the President that runs the country; it is not Congress. The bankers are in charge, and they exercise their will on the nation by controlling the interest rate, the money supply, and inflation, all for their own profit, through their Central Banks. There have been a few politicians that have recognized these facts. Among them was Republican Congressman Charles Lindbergh, the father of the famous pilot “Lucky Lindy.” He was a bold opponent to the Federal Reserve System, and in reference to the Federal Reserve Act was quoted as saying:
“This act establishes the most gigantic trust on earth.…When the President signs this act, the invisible government by the money power, proven to exist by the Money Trust Investigation, will be legalized.…The new law will create inflation whenever the trusts want inflation... From now on depression will be scientifically created. The worst legislative crime of the ages is perpetrated by this banking and currency bill.”
Congressman Lindbergh also said on another occasion:
“Under the Federal Reserve Act, panics are scientifically created; the present panic [of 1920-1921]
is the first scientifically created one, worked out as we figure a mathematical problem.”
(Congressman Charles A. Lindbergh as quoted in G. Edward Griffin, The Creature from Jekyll Island,
2010, p. 476).
Another courageous politician who stood up to the bankers and their plans was Republican Congressman Louis T. McFadden. In reference to the Federal Reserve Act, McFadden wrote:
“When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and industrialists … acting together to enslave the world for their own pleasure. Every effort has been made by the Fed to conceal its powers but the truth is—the Fed has usurped the government.”
When it comes to economic collapses, Congressman McFadden knew who to blame. In reference to the infamous Great Depression, McFadden said:
“It was not accidental. It was a carefully contrived occurrence.… The international bankers sought
to bring about a condition of despair here so that they might emerge as rulers of us all.”
(Congressman Louis McFadden as quoted in John R. Krismer, Our Puppet Government, p. 19).
More will be discussed on the causes of the Great Depression, and that fact that it was deliberate and not accidental, later on in this article.
Much is said in the political arena about the national debt. Often plans are made to rein it in and keep it under control. But seemingly no matter what, the national debt is perpetually spiralling out of control. Why is this? What most politicians either do not understand or will not acknowledge is the fact that under the present Central Banking System, debt is absolutely inescapable and exponential. It is impossible to pay off the debt to the Central Bank, since most of the government’s funding comes from it. What happens is that the government borrows its money from the Federal Reserve and thereby becomes indebted to the Central Bank.
Much of the problem is from the mere fact that the government has eliminated the restrictions on spending placed on it by the gold standard. As it has been noted already, it is the ultimate desire of Central Banks to eliminate precious metal backing of paper currency. This allows them to print as much money as public pressure will permit them. In 1933, Franklin D. Roosevelt took the dollar off of the gold standard, making the Federal Reserve Notes (dollar bills) no longer redeemable in gold. And later, President Richard Nixon killed off all semblance of the gold standard in 1971 by making the dollar no longer redeemable in gold to foreign institutions. “No U.S. Federal Budget has been balanced since it [the United States] abandoned the gold standard” (“Money, Banking, and the Federal Reserve” documentary produced by the Ludwig von Mises Institute). This loss of gold as currency is part of the perpetual debt problem, but not its only facet.
It is interesting that the elimination of the debt under a Central Bank fiat money system would actually eliminate the money supply, since such a system makes the entire money supply created out of and based on debt (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 187-189). Recall that the government must sell bonds (make out an IOU) to the Central Bank, and thereby indebt itself to it, in order for the Central Bank to print money for the government (called “monetizing the debt”). If the debt was eliminated, so too would be the money. It is an endless downward debt spiral, and it makes it utterly impossible for a government to pay off the national debt.
Thomas Jefferson, the great philosopher of freedom and an opponent of the Central Bank, warned that, “At the time we were funding our national debt, we heard much about ‘a public debt being a public blessing’; that the stock representing it was a creation of active capital for the aliment of commerce, manufactures and agriculture. This paradox was well adapted to the minds of believers in dreams...” (Thomas Jefferson, Writings of Thomas Jefferson, 13:420). And Jefferson also said, “I place economy among the first and most important of republican virtues, and public debt as the greatest of dangers to be feared” (ibid., 15:47). This discussion makes it very clear that elimination of the national debt is only possible when the nation is free from the clutches of a Central Bank, as was the case in the later days of Andrew Jackson, the only American President to ever completely pay off the national debt. Jackson, as we shall later see, was able to rid the country of the bankers’ control. What followed later in the century was the most prosperous era the United States has perhaps ever enjoyed.
The only way to end this tailspin of serfdom is to abolish the Federal Reserve and similar Central Banks, abolish the fractional reserve banking practices that are at their foundation, requiring banks to have 100% of their deposits on hand, and return to the Constitutional gold standard, in which gold, or notes redeemable in gold, are legal tender in payment for debts (see United States Constitution, Article 1, Section 10).
Masters of this Great Secret
When Cain realized the advantages he could attain through the hidden mysteries of evil taught to him by Satan, he boasted, “Truly I am Mahan, the master of this great secret, that I may murder and get gain” (Moses 5:31). This pattern of secret dealings has since been perpetuated throughout the ages by all those who sought for gain unlawfully. The Central Banks, true to this pattern, are extremely secretive for all the power that they possess. They have more power and authority than the government itself, yet their decisions are not subject to review by a nation’s legislature or its people.
Much of this is vested in the Central Banks’ clever-sounding quality of staying “independent of politics.” In other words, the Central Banks, in a sanctimonious effort to appear uninfluenced by partisan political pressures, are basically totally unaccountable to elected representatives! But any person with average intelligence who stops to think about this circumstance, with all the power in the hands of these bankers and no supervision by elected representatives of the people, will realize it is a recipe for disaster. It is very clear to see that these conditions would cause the Central Banks to serve their own interests, and not the interests of the people they lord over. As Murray Rothbard, economist and historian, wrote about the Federal Reserve,
“By far the most secret and least accountable operation of the federal government [i.e. associated
with the federal government] is not, as one might expect, the CIA, the DIA, or some other super-
secret intelligence operations agency. The CIA and other intelligence operations are under the
control of Congress. They are accountable: A Congressional committee supervises these operations,
controls their budgets, and is informed of their covert activities.... It is little known, however,
that there is a federal agency that tops others in secrecy by a country mile. The Federal Reserve
System is accountable to no one; it has no budget; it is subject to no audit; and no Congressional
Committee knows of, or can truly supervise, its operations.”
(Murray N. Rothbard, The Case Against the Fed, p. 3).
“these are [quasi] government agencies and operations we are talking about, and to say that
government should be ‘independent of politics’ conveys very different implications [than in normal
private industry]….Government can only be accountable to the public and to its representatives in
the legislature; and if government becomes ‘independent of politics’ it can only mean that that
sphere of government becomes an absolute self-perpetuating oligarchy, accountable to no one and
never subject to the public’s ability to change its personnel or ‘throw the rascals out.’”
(Murray N. Rothbard, The Case Against the Fed, p. 5).
As Congressman Wright Patman (member of the House from 1929 to 1976), a Democrat from Texas, observed:
“In the United States today we have in effect two governments…. We have the duly constituted Government…. Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.”
The Federal Reserve is notorious for its secrecy. As it has been stated above, this unit that has absolute control of the economy is less supervised and less accountable than the CIA (Murray N. Rothbard, The Case Against the Fed, p. 3). The Federal Reserve does not consult the representatives of the people in making its decisions for the economy, even though the consequences of its decisions will ultimately be borne fully upon the people of the republic. To the time of this article’s writing the Federal Reserve has never once been subject to a full and proper audit of all its relevant functions.
The History of the Central Bank in America
“You are a den of vipers! I intend to rout you out and by the Eternal God I will rout you out!”
-Andrew Jackson to delegates from the Second Bank of the United States
Today little mention is ever made in the media about the role of the Central Bank, much less a debate regarding its necessity. Prior to the establishment of the Federal Reserve in the United States, the concept of a Central Bank was very hotly debated and at the very forefront of political issues. Even the common man knew about the issue. Now, except for tacit acknowledgement of the Federal Reserve’s seeming sacred and indispensible dominance over the economy, nothing is said or debated about regarding the propriety of having a privately-owned Central Banking system, despite suffering the worst economic crises in history. Why is this so? Why did the issue of a Central Bank receive widespread attention in the 19th century but is totally glossed over today? The reason is that the elites, who for long years now have owned and controlled the media, do not want the issue to be thought about. But of course, it was not always so. A look at history will be helpful to learn how the bankers have operated and affected the United States.
From Colonization to Revolution
Although a Central Bank was not established in America until 1781, it is nevertheless instructive to discuss the events prior to and including the American Revolution because it illustrates the unfortunate history of fiat money in America. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 310-313). The Colonies had been experimenting with fiat money from 1690 to 1764, beginning in Massachusetts. True to form, the effects of inflation caused prices to skyrocket, and in response the government sought to enforce “legal tender” laws, forcing the Colonists to accept the paper money. “By the late 1750s, Connecticut had price inflated by 800%, the Carolinas had inflated by 900%, Massachusetts 1000%, Rhode Island 2300%” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 311). Eventually the English government stepped in to stop the madness in the Colonies and forced them to cease production of fiat money. Colonists then reverted back to using gold coin, and “prices rapidly adjusted to reality, and commerce returned to a solid footing....Here was a perfect example of how an economic system in distress can recover if government does not interfere with the healing process” (ibid.).
With the onset of the American Revolution in 1776, the Congress of the newly formed United States began printing fiat money, called the “Continental,” to finance the war. In five years $650 million dollars was created out of thin air, increasing the money supply 5,000% (ibid., p. 312). Predictably, the value of the Continental plummeted. It was of this Continental currency that George Washington said, “A wagon-load of money will scarcely purchase a wagon-load of provisions” (ibid.). It was out of this bitter experience for America that the phrase, “not worth a Continental” had arisen.
In reaction to these bitter experiences with fiat currency, the Founders drafted into the Constitution provisions that specifically prohibited the operation of a fiat currency Central Banking system. The Constitution mandated: 1) The representatives in Congress shall have power to coin money & regulate its value, not a cartel of private bankers (Article 1 Section 8), 2) Only gold or silver shall be legal tender in payment for debts (Article 1 Section 10), and 3) The states were forbidden to “emit bills of credit,” that is, fiat money (Article 1 Section 8).
Congress established the principle of “free coinage” where a person could take their gold or silver metal to a metal smith and for a small fee have them stamped into legal coinage (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 321-322). These conditions of sound money grounded America on firm economic footing, and what followed was a miracle of prosperity. The years 1793-1808 have been described as “years of unparalleled prosperity” in the nation’s history, made possible by the Constitution drafted just short years earlier in 1787 and put into operation in 1789 (Historian Douglas North as quoted in G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 322).
The Bank of North America
Even before the Founders had established a system of sound money which allowed for unparalleled prosperity, the money lenders were at work with their subversive methods. Before the Constitution was drafted in 1787, a Central Bank had already been established in America in 1781, chartered by the pre-Constitutional Continental Congress (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 325). This Central Bank would have a brief history.
The Bank of North America, so named for the anticipation then existing that Canada might join with the United States into one nation, was this first Central Bank in America. It was organized by Robert Morris, a prominent member of Congress that wished to see America imitate the financial systems of England. Robert Morris sought “to have a strong central government, particularly a strong president or king as chief executive, built up by high taxes and heavy public debt…. In short, the United States was to have a British system without Great Britain” (Murray N. Rothbard, The Mystery of Banking, p. 192).
The Bank of North America was designed closely after the Bank of England, England’s Central Bank. The Bank of North America, through fractional reserve banking, issued promissory paper notes in greater quantity than gold on hand in its vault. The government accepted these notes in payment of taxes, essentially ratifying them as money. The Bank of North America however, unlike a modern Central Bank, was not given power to issue the nation’s currency, though it was the only bank in the country permitted to issue promissory notes (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 325-326).
When Robert Morris couldn’t raise the necessary capital to give the Bank its start, he resorted to fraud by commandeering gold that had been lent to the United States from France and using that as the Bank’s gold reserve. Then through the fraudulent principle of fractional reserve banking, Robert Morris created funds in excess of the gold in reserve, and lent those fraudulent funds out to himself and his associates as the capital to be used for the founding of the bank! (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 326). Eventually Americans lost confidence in the notes issued by the Bank of North America, and by 1783 Robert Morris’ political clout was waning and this Bank converted to a commercial bank instead of a Central Bank (Murray N. Rothbard, The Mystery of Banking, p. 193).
The First Bank of the United States
Although America was to undergo an unparalleled prosperity in the years of 1793-1808 as a result of the sound money policies that the Founders had established in the Constitution, the money lenders were again hard at work to subvert this Constitutional system. After the failure of the Bank of North America, Alexander Hamilton, who had been one of the Founding Fathers present at the Constitutional Convention and was now the Secretary of the Treasury, proposed to Congress in 1790-1791 the creation of a new Central Bank – the “First Bank of the United States.” Hamilton, a former aide to Robert Morris at the Bank of North America, had come under Morris’ influence and, despite standing for sound money during the Constitutional Convention, Hamilton now sought to subvert it as a result of a misguided ideology. In the all too familiar notion popularized today, Hamilton argued that because of the “scarcity” of gold, paper money had to be manufactured and infused into the economy to meet the needs of commerce (Murray N. Rothbard, The Mystery of Banking, p. 194).
This led to a bitter and ongoing debate between Alexander Hamilton and Thomas Jefferson, then the Secretary of State. Jefferson, the great philosopher of freedom and a natural genius, recognized well the insidiousness of a Central Bank and the vice of its money creation powers. In fact, it was the beginning of a feud that would divide America throughout the 19th Century – the issue of whether America should have a privately owned Central Bank providing the government with funds. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 328-329).
While Alexander Hamilton lost his way and championed the mischief of Central Banking and unsound currency, Gouverneur Morris, another of the Founding Fathers who was associated with the Bank of North America, had a change of heart. Gouverneur Morris said of the Central Bankers, “The rich will strive to establish their dominion and enslave the rest. They always did. They always will....They will have the same effect here as elsewhere, if we do not, by such a government, keep them within their proper spheres” (as quoted in William Still’s The Money Masters Documentary. See also G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 335).
Hamilton’s views won out in Congress and the First Bank of the United States received a 20 year charter. This new Central Bank was just like the previous one, with many of the same people holding key positions within its governance. The government gave the First Bank of the United States exclusive power to issue bank notes and accepted its notes for payment of taxes. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 330).
Like the Bank of North America, the First Bank of the United States also fulfilled its capital requirement (as established in its charter) through fraudulent means. Private investors were supposed to supply 80% of its paid-in capital, with the government supplying the remaining 20%. However, the private investors only put forth nominal investments and had the government give them the rest of the money with which they would make their private investment in the Bank! (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 330).
The First Bank of the United States operated on a fractional reserve system, with a small amount of gold capital backing the paper notes. Within five years, the Bank had inflated the currency by 72%, primarily so that it could provide funds for the federal government (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 332).
The real force behind the First Bank of the United States was none other than the Rothschild banking dynasty. This cabal of European bankers had great influence even in America. According to Historian Derek Wilson, the Rothschild dynasty was at this time “the official European banker for the U.S. government and was a pledged supporter of the Bank of the United States” (as quoted in G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 331). Another Historian, Gustavus Myers, wrote, “Under the surface, the Rothschilds long had a powerful influence in dictating American financial laws. The law records show that they were the power in the old Bank of the United States” (ibid.).
The reign of the First Bank of the United States did not last, thankfully. On January 24, 1811, after the 20 year charter for the First Bank of the United States was up, Congress voted to not renew its charter by the narrow margin of one vote in both the House and the Senate (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 336). However, the international bankers were not about to give up so easily. They would soon be back to their same old tricks of pushing for another Central Bank.
The Second Bank of the United States
After the war of 1812, economic chaos prevailed in the United States because of inflation of the currency and bank runs, caused by the commercial bankers’ use of fractional reserve banking. Rather than allowing the free market to fix the situation naturally by letting the dishonest bankers go out of business for not having enough capital on hand to cover deposits, Congress stepped in to try to fix things with another Central Bank in 1816, the Second Bank of the United States (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 341-342).
As with the previous Central Banks, so again with the new. The same old pattern of not requiring the Bank investors to raise the requisite amount of capital was again resorted to, with the government (and therefore the taxpayer), supplying the majority of the capital investment for a Central Bank, notwithstanding that its ownership would remain in private hands (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 342). This is as blatant of redistribution of wealth from the common man to the power elite as one can find. Another suspicious circumstance with this Central Bank was the fact that, again, a large amount of its influence was from the financial interests in Europe. The largest amount of stock for the Second Bank of the United States was actually held by foreigners, with British ownership accounting for about a third of the ownership of stock (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 342).
Through the Second Bank of the United States’ monetary practices, America experienced its first “boom-bust cycle,” a phenomenon so often blamed on free market capitalism but is actually due to the regulation and meddling of the Central Bank. What happened was the same as what happens today: the Central Bank created a rash of new money, inflating the currency beyond control, and then in an attempt to tame it, called in loans and contracted the money supply through deflation. As G. Edward Griffin explained about this point in history, “The expansion and then deliberate contraction of the money supply [by the Second Bank of the United States] literally threw the nation into economic convulsions” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 344).
Public sentiment against a Central Bank was strong in the 1820s, and a government coalition was formed by Martin Van Buren and Andrew Jackson, called the Democratic Party, in the spirit of Thomas Jefferson’s patriotic views. The Jacksonian Democratic Party was against having a Central Bank, against a strong federal government, in favour of a free market and a hard money system (a stark contrast to today’s Democratic Party). It is worthy of note here that as far as members of the Lord’s Church were concerned, their party allegiance shifted back and forth between parties during the Joseph Smith days, depending on how the parties’ showed favor towards them, but their “natural home,” the party to which they were aligned en masse, was the pro-free market Jacksonian Democratic Party (Richard L. Bushman, Joseph Smith: Rough Stone Rolling, p. 426). When Andrew Jackson was elected President of the United States in 1828, he set to work immediately to garner support in Congress for the abolition of the Second Bank of the United States. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 347).
At the head of the Bank was a formidable opponent to President Jackson, named Nicholas Biddle, a brilliant and shrewd businessman. “With the ability to control the flow of the nation’s credit, Biddle soon became one of the most powerful men in America” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 348). In the year 1832, just before Jackson was up for re-election, Biddle strategically requested Congress for a renewal of the Bank’s charter, even though its charter was still in effect for another 4 years. This was done by Biddle to have the pressure of a controversial issue bearing on Jackson during election time, with the hope that it would soften Jackson’s stance against the Bank. However, Biddle underestimated Jackson’s determination and righteous indignation. Jackson would risk everything in his political career over this one issue, and in what was perhaps the most passionate message ever delivered to Congress by a President, Jackson vetoed the renewal of the Bank’s charter. President Jackson vetoed the Bank’s renewal on the grounds that 1) it was an injustice to grant a government-sponsored monopoly to the Bank, 2) Central Banks are unconstitutional, and 3) the Bank was heavily owned by foreigners or by the rich, bringing with it dangerous conflicts of interest and excluding the average American from holding stock (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 348-349). President Jackson said in his veto speech:
“Is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? ... [Is there not] cause to tremble for the purity of our elections in peace and for the independence of our country in war? ... Of the course which would be pursued by a bank almost wholly owned by the subjects of a foreign power, and managed by those whose interests, if not affections, would run in the same direction there can be no doubt.... Controlling our currency, receiving our public monies, and holding thousands of our citizens in dependence, it would be more formidable and dangerous than a naval and military power of the enemy.... It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes.... Equality of talents, of education, or of wealth cannot be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society – the farmers, mechanics, and laborers – who have neither the time or the means of securing like favors to themselves, have a right to complain of the injustice of their Government.... If [Government] would confine itself to equal protection, and, as Heaven does its rains, shower its favor alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me there seems to be a wide and unnecessary departure from these just principles.”
Unfortunately, Biddle had powerful leverage because he had paid off many in Congress. “For all practical purposes, Congress was in his pocket. Or, more accurately, the product of his generosity [paper money] was in the pockets of Congressmen” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 351). In order to combat Biddle’s influence in high places, Jackson relied on the strength of numbers – the numbers of the American people – by taking his anti-Bank message on his campaign trail and appealing directly to the American voters. His campaign slogan was “Jackson and No Bank” (William Still’s The Money Masters documentary). In taking his plea directly to the people, Jackson succeeded and was re-elected by a wide margin.
Jackson’s plan to destroy the Bank was “to place all new deposits of the federal government into various state banks around the country and to pay current expenses out of the funds still held by the Bank of the United States until the account was drained to zero. Without the use of federal money, surely the monster would perish” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 353). But President Jackson encountered resistance. First, his Secretary of the Treasury, William Duane, obstinately refused to follow direction and enact the plan. He was dismissed by Jackson. Then Nicholas Biddle did the unthinkable – he unleashed a depression upon the economy through his power to control the money supply, by rapidly contracting the amount of money available. The idea was to tarnish President Jackson’s public image, being the one the people would likely blame for the depression, and to put a gun to Jackson’s head, figuratively, and to cause him to relent his crusade against the Bank. In his arrogance, Biddle proclaimed,
“Nothing but widespread suffering will produce any effect on Congress [to override Jackson].... Our only safety is in pursuing a steady course of firm restriction [of the money supply] – and I have no doubt that such a course will ultimately lead to restoration of the currency and the recharter of the bank. ...My own course is decided. All the banks and all the merchants may break, but the Bank of the United States shall not break.”
All of the pressure on President Jackson caused by Biddle’s machinations ultimately led to an attempt to publicly censure Andrew Jackson before the Senate, the first time a censure of an American President had ever been attempted in American history. Biddle’s counter-plan to destroy Jackson nearly succeeded. It was around this time that President Jackson famously declared to a delegation of supporters from the Bank who had come to the White House, “You are a den of vipers! I intend to route you out and by the Eternal God I will rout you out.” (as quoted in G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 355).
The thing that ultimately caused the unravelling of Biddle’s shrewd plans was his own ego. He would not refrain from boasting in public that he had deliberately by command caused the depression. People heard what he was saying and the news spread through the populace, bolstering support for anti-Bank sentiment and Andrew Jackson. Overwhelming distaste for the Bank and support for Jackson soon changed the tune of Congress, which voted by wide margins to not recharter the Bank and to investigate Biddle’s role in the depression.
It was around this time in history, in 1835, that Andrew Jackson had paid off the entire national debt. Andrew Jackson was the only American President to have ever completely paid off the National Debt. This is significant because under the grip of a Central Bank, there is no escape from what becomes endless debt for the nation.
The Assassination Attempt on Andrew Jackson
On January 30, 1835, the Money Power finally resorted to an attempt at murder in order to remove Jackson and regain their control. It was the first assassination attempt made on an American President. However, in a miraculous intervention by Almighty God, both of the pistols that the assassin drew misfired, and Andrew Jackson survived unscathed.
Though the assassin, Richard Lawrence, feigned insanity and was found not guilty in court by reason of insanity, he later boasted to friends that he had connections to powerful people in Europe and was promised protection in the event that he should be detained as a result of assassinating President Jackson. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 357).
An Era of Prosperity in America
The Second Bank of the United States’ charter expired without renewal in 1836. The Bank had been defeated and Andrew Jackson had won. Though Jackson had his faults – he increased the power of the Presidential office beyond the intention of the Founding Fathers, and committed atrocities against the Native Indians – he nevertheless deserves a place in history as a great American President for his role in saving Americans from the clutches of the secret combination for a long season. When asked near the end of his life what his greatest accomplishment was, Andrew Jackson responded unequivocally, “I killed the Bank” (William Still’s The Money Masters Documentary). “In fact, [President Jackson] killed it so well, that it took money changers 77 years to undo the damage” (ibid.).
Due to the massive inflation of currency by the Second Bank of the United States, when the Bank was not renewed, the currency contracted back to an amount that more closely mirrored the availability of precious metals. It was this incident of deflation in 1837 that caused the nationwide bank failures, including the failure of the bank in Kirtland, Ohio, in Church History, which caused so many apostasies and culminated in the Prophet Joseph Smith having to abandon Kirtland. As Economist/Historian Murray N. Rothbard explained, “This healthy deflation brought about speedy recovery by 1838” (Murray N. Rothbard, The Mystery of Banking, p. 211). However, as public confidence in the banks was restoring, their implementation of fractional reserve banking ultimately caused a depression that lasted until 1844 (ibid.). Fractional reserve banking, which should have been outlawed as the fraudulent practice that it is, was a significant impediment to the success of the free market mechanism. But even despite this, the free market managed to build America into the wealthiest and most productive nation in the world during the 19th century.
“[Andrew] Jackson succeeded in abolishing the [Second Bank of the United States] in 1836. But by then, speculators had set up hundreds of new private banks with little or no gold to back the notes they issued. The nation’s monetary system became more stable when the United States introduced a gold standard in 1834” (“Money, Banking, and the Federal Reserve” documentary produced by the Ludwig von Mises Institute). Because Andrew Jackson “killed the bank,” America eventually (after dropping unhelpful government regulations and controls that hindered the effectiveness of market forces) underwent what was perhaps the most prosperous time in its history – the latter half of the 19th century – a time of almost unprecedented growth and prosperity, made possible because of a free market economy and the absence of a Central Bank.
Unfortunately, the practice of fractional reserve banking continued, and this was the major cause for the several brief economic depressions which did occur in the latter half of the 19th century. “The financial panics of 1873, 1884, 1893, and 1907 were in large part an outgrowth of ...reserve pyramiding and excessive deposit creation by reserve city...banks [i.e. they were caused by fractional reserve banking]” (Historian John Klein as quoted in G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 15). There were also obtrusive government regulations, which made the banking market anything but “free,” as some historians would describe it (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 449). Nevertheless, insofar that the free market was able to operate, the country prospered.
As the von Mises “Money, Banking and the Federal Reserve” Documentary states, “After the Civil War, the nation’s monetary system became sounder when the U.S. adopted a gold standard.” Lew Rockwell, former president of the Ludwig von Mises Institute, stated, “We went back on the gold standard in 1879 and had probably the greatest period of growth and prosperity ever in the country’s history” (as quoted in “Money, Banking, and the Federal Reserve” Documentary). Economist Joseph Salerno explained that this was because of having a gold standard, a free market, and an absence of a Central Bank controlling interest rates arbitrarily: “The reason [for this prosperity] being that with the sound money, and without the ability to manipulate the interest rate, we had a lot of genuine saving and investment which then led to more capital goods and higher labour productivity in the United States” (ibid.).
This free market prosperity continued to grow into the 20th century. It was only ever retarded when the Federal Reserve System, America’s current Central Bank, was formed in 1913. With the Federal Reserve controlling the economy, America has experienced some of its worst and deepest financial disasters ever in its history. Also, since the establishment of the Federal Reserve, the integrity of America’s free market has been whittled away as government has added social programs and schemes, beginning most notably with Franklin D. Roosevelt. More on these topics will appear later on in this article.
Lincoln and the Civil War
Students and the common person are under the general impression that the cause of the Civil War was primarily over the issue of slavery. While slavery was a factor, it was by no means the direct cause. Neither was the Civil War a spontaneous event, but it was carefully contrived by the financial powers of Europe. It was politically engineered in order to destroy America’s progress. Otto von Bismarck, Chancellor of Germany and resentful pawn of the financial elites, made this observation about the Civil War:
“The division of the United States into federations of equal force was decided long before the Civil War by the high financial powers of Europe. These bankers were afraid that the United States, if they remained in one block and as one nation, would attain economic and financial independence, which would upset their financial domination over Europe and the world. Of course, in the ‘inner circle’ of Finance, the voice of the Rothschilds prevailed.”
The European nations that combined with the Confederacy in the South against the Union in the North seemed poised to win the war, were it not for the intervention of Russia. Czar Alexander II, who would not allow the establishment of a Central Bank in Russia, came to the aid of Lincoln and the North. This was a slight against the Financial Powers that they would not soon forget, and they finally exacted their revenge on Alexander II many times over when he was assassinated, and again later when in the 20th century they obliterated his descendents and established Communism in Russia. What eventually doomed the Confederacy was the North’s PR campaign effort to transform the cause of the war from financial to a crusade against slavery. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 377-380).
While President Lincoln was a noble patriot when it came to preserving his country, he unfortunately sidestepped the Constitution as a misguided means to do that. During the Civil War, Abraham Lincoln perpetrated two crimes against the Constitution: 1) He suspended the right of habeas corpus, allowing civilians to be held in prison without charges or trial. This was done to control opposition to military conscription. 2) he printed fiat money, called the “Greenback” in order to fund the war effort. The “Greenback” was so called because it was printed with green ink on its back, whereas traditional monetary notes had been printed in black, and hence was a forerunner to our modern green-coloured currency. During the Civil War, the gold standard was abandoned and the money supply was drastically inflated through Lincoln’s own doing. It is said that Lincoln was approached by a Rothschild agent, offering a loan to finance his war at a gouging 27.5% interest (this would have culminated in the Rothschilds financing both sides of the war from Europe). It is also said that Lincoln, disgusted with the terms, threw the agent out of the White House and determined to print his own fiat currency without the cost of any interest. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 383). Hence the Greenback was created.
While the Greenback may have solved Lincoln’s difficulty in funding the war effort, it had devastating economic effects as fiat currency always does. “During the war, the purchasing power of the greenbacks fell by 65%. The money supply increased by 138%. Prices more than doubled while wages rose by less than half. By that mechanism, Americans surrendered to the government and to the banks more than half of all the money they earned or held during that period – in addition to taxes” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 388).
In spite of these failings, Lincoln had the very admirable quality of being in opposition to the Central Bankers. The financial powers hated the Greenback. That is because the Greenback was strictly a government-issued currency, which completely bypassed the private power network of a Central Bank. The government simply printed it, without borrowing it from the bankers. Lincoln’s brazen move to issue his own fiat currency in lieu of that which the banks would print was a direct affront to the powerful bankers, and earned him enemies in powerful places.
Although earlier in his political career, Lincoln was a supporter of the Central Bank, he later became bitterly opposed. With reference to the financial banking powers, Lincoln confided in a letter to an associate:
“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. 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 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 destroyed.”
The Assassination of Abraham Lincoln
On April 14, 1865, President Lincoln was shot in the back of the head by actor John Wilkes Booth while enjoying a performance at Ford’s Theatre in Washington, D.C. The money power, infuriated by Lincoln’s brazen attempt to carry on without their heavy interest-laden funds, were no doubt the force behind his assassination. Alexander II of Russia, who had come to Lincoln’s aid and turned the tide of the Civil War, was also assassinated shortly after Lincoln was killed. Regarding both of these men’s deaths, G. Edward Griffin writes:
“Lincoln was assassinated by a member of the Knights of the Golden Circle, a secret society with rumored ties to American politicians and British financiers. Tsar Alexander was assassinated a few years later by a member of the People’s Will, a Nihilist [i.e. revolutionary] secret society in Russia with rumored ties to financiers in New York City, specifically, Jacob Schiff and the firm of Kuhn, Loeb, & Company [which would later participate in the creation of the Federal Reserve].”
Although official reports indicated that John Wilkes Booth was killed in a barn on April 26, there is astonishing evidence that his death was indeed staged and a cover-up. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 393). The assassins responsible for the deaths of these two leaders had ties to the financial powers. Jacob Schiff mentioned in the quote above of course was a descendent of the Schiff family that resided with the Rothschilds in Frankfurt, Germany in 1785. At the death of Abraham Lincoln, Otto von Bismarck stated,
“The death of Lincoln was a disaster for Christendom....I fear that foreign bankers with their
craftiness and tortuous tricks will entirely control the exuberant riches of America, and use it
systematically to corrupt modern civilization. They will not hesitate to plunge the whole of
Christendom into wars and chaos in order that the earth should become their inheritance.”
(Otto von Bismarck as quoted in William Still’s The Money Masters Documentary).
The Assassination of James A. Garfield
James A. Garfield was elected President in 1880. As Chairman of the Appropriations Committee while a Congressman, and a member of Banking and Currency, President Garfield understood well how the financial elites were controlling the nation. President Garfield declared,
“Whosoever controls the volume of money in any country is absolute master of all industry and commerce.... And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
Within a few weeks of making this public denunciation, on July 2, 1881, while on his way to deliver a speech at a college, President Garfield was shot twice by Charles J. Guiteau. Doctors labored to restore the President to health, but to no avail. After serving just brief months in office, President James A. Garfield died as a result of an assassination plot. Guiteau, like Andrew Jackson’s would-be assassin Richard Lawrence, claimed insanity. However, this was not enough to save Guiteau from the indignation of the American people, and he was executed on June 30, 1882.
The Pattern is Clear
The reader of this article should readily see a pattern emerging regarding the activities of the Central Banks, the financial elites, and American Presidents. Those American Presidents who opposed the Central Banks in any fervent way were fought against with great vigour by the financial powers and were ultimately disposed of through assassination (or assassination attempts). Therefore any brave Executives who oppose the Central Banks’ power to control the currency are liable to be killed. This is Satan’s great plan of secret murder for gain: “therefore they began to set their hearts upon their riches; yea, they began to seek to get gain that they might be lifted up one above another; therefore they began to commit secret murders, and to rob and to plunder, that they might get gain” (Hel. 6:17).
These assassinations are often downplayed as the work of a few men. But this is not the reality of Satan’s secret murder plans with reference to these American Presidents. The assassins themselves were simply low-level contractors, who when they are caught, are painted as unstable individuals who acted on their own accord. But the assassination plots were hatched by powerful men who were looking to serve their interests.
All of the attempts to establish Central Banks and to take the money off of the gold standard and to issue fiat currency are part of the financial elite’s implementation of carefully contrived plans. So also is the increasing encroachment of government into the lives of private citizens and the dismantling of the free market system. Now that the past attempts of the financial powers have been discussed, we shall move on to our next topic of discussion – how the financial powers ultimately succeeded in gaining control.
The Origin, History and Influence of the Federal Reserve
“The Federal Reserve System is accountable to no one; it has no budget; it is subject to no audit; and no Congressional committee knows of, or can truly supervise, its operations. The Federal Reserve, virtually in total control of the nation’s vital monetary system, is accountable to nobody – and this strange situation, if acknowledged at all, is invariably trumpeted as a virtue”
-Murray N. Rothbard
“Competition is a sin.”
-John D. Rockefeller
At the beginning of the twentieth century, free market capitalism was working. The government was rapidly paying off its national debt and many companies were financing their expansion of operations from their own profits rather than loans. This tended to minimize the role of banks for corporations and government, making the banks nervous of losing money. In addition, the free market generated strong competition from non-national banks, which was cutting into the established bankers’ profits. These conditions created the climate for the major banking interests, such as Morgan, Rockefeller, and Kuhn- Loeb, to create a cartel and preserve their profits (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 12-13).
The creation of the Federal Reserve System in the early part of the 20th century marked a great shift of power in favour of the elite bankers. Finally they would have their Central Bank and the ability to print money and control the economy to their own ends. It has been referred to as a “silent coup d’etat” of the bankers over free America (See Aaron Russo’s America: Freedom to Fascism Documentary). Ezra Taft Benson wrote of the Federal Reserve’s role in the history of the nation. He lamented:
“The root of all evil is money, some say. But the root of our money evil is government. The very beginning of our troubles can be traced to the day when the federal government overstepped its proper defensive function and began to manipulate the monetary system to accomplish political objectives. The creation of the Federal Reserve Board made it possible in America for men arbitrarily to change the value of our money. Previously, that value had been determined solely by the natural interplay of the amount of precious metals held in reserve, the value men freely placed on those precious metals, and the amount of material goods which were available for sale or exchange.”
The Financial Powers in America
In the early 20th century, there were two major financial powers in America, a dichotomy of wealth: the J.P. Morgan power and the Rockefeller power. J.P. Morgan was an ultra-rich banker, and John D. Rockefeller gained his fortune in oil, but soon gravitated to banking. These two powers, though portrayed as bitter business rivals in the banking industry, actually worked in concert for their collective gain, under the subordination to the Rothschilds in Europe.
The power and influence of these two forces of wealth can hardly be overstated. In fact, their influence extended so far that these two financial powers owned all the major media outlets in America by the time of the First World War (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 244-245). And yet, with all their influence and sway in America, there was always a subordination to the will of the supreme head of the conspiracy – the Rothschilds.
Because people had begun to resent the name and influence of Rothschild by the 19th century, the Rothschilds found it expedient to enact their business dealings through bought-and-paid for agents in an attempt to disguise their dealings. Evidence indicates that J.P. Morgan was such an agent, as was his father and his father’s business partner, George Peabody. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 413-415). J.P. Morgan rose to power by virtue of his father, Junius Morgan partnering with and later inheriting the foreign bond exchange business of George Peabody, the two having met at a dinner party in 1850. Through Rothschild aid, the Morgan financial power was able to weather financial depressions and rise from the ashes as the owner of many other firms. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 415-417).
The Morgan-Peabody firm prospered greatly from sales of bonds during the Civil War, and young J.P. Morgan, though an American by birth, was groomed in the ways of the British Empire and aristocracy. A solid link between the Morgans and European interests was fastened in that family, however a great attempt was made to make the Morgan financial power appear American as apple pie. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 410-412). In order to facilitate the deception, J.P. Morgan’s son, J.P. (“Jack”) Morgan, Jr., even took on the role of a public anti-Semite in order to give the appearance of not having any dealings with the Rothschild dynasty (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 417).
There can be no doubt as to J.P. Morgan’s position as an agent of the Rothschild dynasty. “In fact, during World War I, J.P. Morgan was thought to be the richest man in America. But after his death it was discovered that he was actually only a lieutenant of the Rothschilds. Once Morgan’s will was made public, it was discovered that he owned only 19% of J.P. Morgan companies” (William Still’s The Money Masters documentary).
J.P. Morgan dominated the financial scene on Wall Street, and his aim, true to the secret combination of which he was a part, was to snuff out free market competition as much as possible. Biographer Ron Chernow explained very well the situation of the financial interests secretly conglomerating into cartels while carefully trying to maintain the appearance of free market competition and independence:
“Wall Street was snowballing into one big, Morgan-dominated institution. In December 1909,
Pierpont [a Morgan company] had bought a majority stake in the Equitable Life Insurance Society
from Thomas Fortune Ryan. This gave him strong influence over America’s three biggest insurance
companies – Mutual Life, Equitable, and New York Life.... His Bankers Trust had taken over three
other banks. In 1909, he had gained control of Guaranty Trust, which through a series of mergers
he converted into America’s largest trust.... The core Money Trust group included J.P. Morgan and
Company, First National Bank, and National City Bank....Wall Street bankers incestuously swapped
seats on each others boards. Some banks had so many overlapping directors it was hard to separate
them.... The banks also shared large equity stakes in each other.... Why didn’t banks just merge
instead of carrying out the charade of swapping shares and board members? Most were private
partnerships or closely held banks and could have done so. The answer harked back to traditional
American antipathy against concentrated financial power. The Morgan-First National-National City
trio feared public retribution if it openly declared its allegiance.”
(Ron Chernow as quoted in G. Edward Griffin, The Creature from Jekyll Island, p. 433).
John D. Rockefeller, who had made his fortune in oil, wanted his share of the banking pie as well, no doubt realizing its vast potential for profits. G. Edward Griffin explained:
“When John D. used his enormous profits from Standard Oil to take control of the Chase National
Bank, and his brother, William, bought the National City Bank of New York, Wall Street had yet
one more gladiator in the financial arena. Morgan found that he had no choice except to allow the
Rockefellers into the club but, now that they were in, they all agreed that the influx of
competitors had to be stopped. And that was to be the hidden purpose of federal legislation and
(G. Edward Griffin, The Creature from Jekyll Island, p. 435).
It was this Morgan-Rockefeller duality that dominated American finance. Although in the beginning of the 20th century and through the early history of the Federal Reserve System, it was Morgan financial interests that dominated between these two financial powers, eventually the Rockefellers gained ascendancy as the undisputed controllers of American society, second only to the Rothschild dynasty.
The Progressive Movement
Around this same time in history, the early part of the 20th century, was a time that was heavily influenced by the Progressive movement. Progressivism is the foundation of modern American liberalism. Just as modern liberalism, it was characterized by expansion of the state and excessive government intervention and control. The basic idea was that these self-styled intellectuals wished to “progress” beyond the principles of the Constitution, the very principles that made America great. Progressives are for the enlargement of the state and unjust government usurpation of power, and consider the inspired Constitution to be either an irrelevant document, or a dangerous document when it comes to establishing their globalist-statist plans.
Concerning the false ideas of Progressivism and its attitude toward the Constitution, President David O. McKay taught the following:
“If we would make the world better, let us foster a keener appreciation of the freedom and
liberty guaranteed by the government of the United States as framed by the founders of this
nation. Here again self-proclaimed progressives cry that such old-time adherence is out of date.
But there are some fundamental principles of this republic which, like eternal truths, never get
out of date, and which are applicable at all times to liberty-loving peoples. Such are the
underlying principles of the Constitution, a document framed by patriotic, freedom-loving men,
who Latter-day Saints declare were inspired by the Lord..”
(David O. McKay, Gospel Ideals, p. 319).
The deception inherent in the Progressive movement is a fascinating phenomenon. As modern American liberalism is portrayed today, the movement was trumpeted as a movement of the people and for the people. However, far from protecting the interests of the average person from the ravages of capitalism as it was portrayed, Progressivism was really about bypassing the free market and creating cartels to the advantage of big business interests, such as the Morgans and Rockefellers. It is a well documented fact that Progressivism was indeed inspired and engineered by the big business interests, with the aim to secure cartels. (Murray N. Rothbard, The Case Against the Fed, p. 90-93).
Congressman Ron Paul and author Lewis Lehrman wrote the following insight regarding Progressivism:
“After 1896 and 1900, then, America entered a progressive and predominantly Republican era.
Compulsory cartelization in the name of ‘progressivism’ began to invade every aspect of American
economic life. The railroads had begun the parade with the formation of the ICC in the 1880s, but
now field after field was being centralized and cartelized in the name of ‘efficiency,’
‘stability,’ ‘progress,’ and the general welfare.... In particular, various big business groups,
led by the J.P. Morgan interests, often gathered in the National Civic Federation and other think
tanks and pressure organizations, saw that the voluntary cartels and the industrial merger
movements of the late 1890s had failed to achieve monopoly prices in industry. Therefore, they
decided to turn to governments, state and federal, to curb the winds of competition and to
establish forms of compulsory cartels, in the name, of course, of ‘curbing big business monopoly’
and advancing the general welfare.”
(Ron Paul and Lewis Lehrman as quoted in G. Edward Griffin, The Creature from Jekyll Island, 2010,
This insidious philosophy of Progressivism had infected the American political scene and would remain to the present day. Many Presidents of the United States from both parties were unabashed progressives. Some of the notable progressives were Theodore Roosevelt, who extended the powers of the presidential office far beyond its constitutional bounds, Woodrow Wilson who signed the Federal Reserve into being, and Franklin D. Roosevelt who moved the country far from its free market roots with a myriad of social programs. As it has been stated in this article, the U.S. has not had a true free market economy for quite some time, and is more reminiscent of a mixed economy or even a command economy. This is due to the Progressives incrementally instituting socialistic government policies, and then in turn falsely blaming the country’s woes on the failure of capitalism! Progressives will then cry that the solution is more government regulation, when in fact government regulation was the thing that began the problems in the first place.
Attempting to Sway Public Opinion
The elites required a catalyst that would serve to set their nefarious plans for control in motion. This came in the form of the panic of 1907. In 1907 there was a severe nation-wide bank run, again caused by the bankers’ own underhanded practice of fractional reserve banking. It was this event more than any other that set the wheels in motion for the establishment of the Federal Reserve System. Banks and big business desired the flexibility or “elasticity” as they called it, of fiat currency, which would allow them to perpetuate their charade much easier. This time, the heavy hand of government was sought to enforce and solidify the banking cartel. Ill-advised legislation established a National Monetary Commission, led by Senator Nelson Aldrich, which was supposed to look into the issues of American banking. Rather than making recommendations to abolish fractional reserve banking, Senator Aldrich took over the Committee almost as a one man show, doing nothing but travelling to Europe and becoming better acquainted with their Central Banks. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 437).
The bankers formed commissions and committees of supposedly unbiased experts to help drive public opinion on the matter of a Central Bank. In reality, these committees were nothing more than a sounding board of pro-Central Bankers, stacked deliberately by the bankers to sway public opinion. (Murray N. Rothbard, The Case Against the Fed, p. 88-114). As G. Edward Griffin explained,
“To cover the fact that a central bank is merely a cartel which has been legalized, its
proponents had to lay down a thick smoke screen of technical jargon focusing always on how it
would supposedly benefit commerce, the public, and the nation; how it would lower interest rates,
provide funding for needed industrial projects, and prevent panics in the economy. There was not
the slightest glimmer that, underneath it all, was a master plan which was designed from top to
bottom to serve private interests at the expense of the public.”
(G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 19).
In order to persuade the American public opinion, which was generally opposed to a Central Bank and was pro-free market, the big business leaders and bankers deliberately formed an alliance with the “opinion-molders,” that is, the “media people, journalists, intellectuals, economists and other academics, professionals, educators as well as ministers” (Murray N. Rothbard, The Case Against the Fed, p. 86-87). “For that purpose [of enlisting intellectuals], the banks contributed a sum of $5 million to a special ‘educational’ fund, and much of that money found its way into the environs of three universities: Princeton, Harvard, and the University of Chicago, all of which had been recipients of large endowments from the captains of industry and finance” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 445). Congressman Charles A. Lindbergh stated, “the University of Chicago is an institution endowed by John D. Rockefeller with nearly fifty million dollars. It may truly be said to be the Rockefeller University” (as quoted in ibid., p. 446). Woodrow Wilson was president of Princeton University, an advocate for Central Banking, an admirer of J.P. Morgan, a friend to Rothschild-financed billionaire Andrew Carnegie, and receiver of financial grants from the Rockefeller-owned National City Bank. These same financial powers later propped him up for nomination to the Presidency of the United States. (ibid., p. 447-448). Wilson would be the one to seal America’s fate on the issue of a Central Bank.
The issue of a Central Bank was one that was hotly and publicly debated on the political scene of America from its establishment right up to the establishment of the Federal Reserve in 1913. This debate ensued over those years as several Central Banks were established in the nineteenth century and in their absence also. But today there is virtually complete silence on the issue. Never is the wisdom of having a Central Bank ever questioned in the popular media or academia. The reason for the silence is the Bankers’ control of the media outlets and influence over educational institutions. They do not want the people to be educated on the issue or entertain any notions of getting along without a Central Bank.
Carroll Quigley, Georgetown University Historian and secret combination insider who wrote at length and rather matter-of-factly about the secret combination, discussed their influence over public opinion:
“In addition to their power over government based on government financing and personal influence, bankers could steer governments in ways they wished them to go by other pressures. Since most government officials felt ignorant of finance, they sought advice from bankers whom they considered to be experts in the field. The history of the last century shows…that the advice given to governments by bankers, like the advice they gave to industrialists, was consistently good for bankers, but was often disastrous for governments, businessmen, and the people generally.”
Under the Guise of Deceit
Larry Bates, professor of economics, a bank president and member of the Tennessee House of Representatives and chair of the Committee on Banking and Commerce, said that “The Federal Reserve is neither federal and has doubtful reserves. It is a private bank that is owned by member banks, and it was chartered under the guise of deceit by an Act of Congress in 1913 – December 23rd, 1913 – when most members of Congress had gone home for the Holidays.” (As interviewed in William Still’s The Money Masters Documentary). This aptly describes the passage of the Federal Reserve Act in Congress.
By 1910 the financial elites organized a clandestine meeting of their representatives to formulate a plan to establish a Central Bank in the United States. The secret meeting took place at Jekyll Island (a small resort island off the coast of Georgia), and was disguised as a duck hunting trip of friends to avoid questions from the media. Participants were forbidden to address each other by their full names to safeguard against eavesdroppers.
The participants at the Jekyll Island meeting included 1) Abraham Piatt Andrew, the Assistant Secretary of the United States Treasury under the Woodrow Wilson cabinet, 2) Benjamin Strong, the head of J.P. Morgan’s Banker’s Trust Company, and the man who would later become the Federal Reserve’s first chairman, 3) Charles D. Norton, president of the Morgan-owned First National Bank of New York, 4) Frank Vanderlip, president of the Rockefeller-owned National City Bank of New York, 5) Henry P. Davison, senior partner of J.P. Morgan Company, 6) Republican Senator Nelson Aldrich, who was also the father-in-law of John D. Rockefeller, Jr., and finally, 7) Paul M. Warburg, a partner in Kuhn, Loeb & Company, representing the Rothschild European financial interests (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 24).
Under the wing of experienced Central Banker Paul Warburg, the Jekyll Island group hatched a plan to draft out legislation for the establishment of a Central Bank, to be introduced to Congress. The objectives of the Jekyll Island group were to pass off a Central Bank upon the public without actually calling it such, and to make the people think that this privately-owned Central Bank was actually a government institution. Hence, the name Federal Reserve was decided upon.
The group also decided that regional branches would be created to make the appearance that the Bank was not centrally-controlled – this point was particularly important if the legislation had any chance of passing into law. The Bank would begin with conservative banking policies that would be quietly and incrementally discarded. Every effort was to be made, with the use of the media and academia, to ensure that the general population thought that the Bank was in the public’s best interest, not the bankers’. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 438). The American Central Bank was to mirror the Bank of England (England’s Central Bank) in virtually every particular.
The most important feature of this Bank was that it would have exclusive power to create official United States currency. “For the first time in our history, the paper notes of a banking institution would become legal tender, not only for public debts, but for private ones as well. Henceforth, anyone refusing to accept these notes would be sent to prison” (ibid., p. 442).
Senator Aldrich then took the legislation drafted at Jekyll Island and presented it to the Senate side of Congress, it being known as the Aldrich Bill. However, because of a political upset ousting the Republicans from Congress, the bill was never voted on. It would not be until 1913 that the legislation would resurface in Congress.
Upon the election of President Woodrow Wilson, there was a segment within his Democratic Party, led by William Jennings Bryan, that was viciously opposed to the Money Trust and its plans for a privately-owned Central Bank. The financial elites therefore placed Edward Mandell House as an advisor to President Wilson, in order to help pass off their plans for a Central Bank over the Bryan faction of the Democratic Party. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 456-457). House became Wilson’s shadow and closest confidant, and in effect was Wilson’s director and overseer, communicating to Wilson the whims of the financial elites (ibid., p. 457).
The secret combination reintroduced a new version of the Aldrich Bill which, though disguised, had all the elements of the original (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 460-464). Pretense was made by key bankers and public figures to pretend to be opposed to the legislation, in order to create the illusion that it would be bad for the bankers and Wall Street, and good for the common man (ibid., p. 462-464).
The final draft of the Federal Reserve Bill mandated that the Federal Reserve’s Chairman (its head) was to be selected by the President of the United States and approved by the Senate. This was a compromise that the secret combination had expected to make all along, and for which they knew they would be able to manipulate to their ends anyway. As author G. Edward Griffin noted,
“All of the deliberations and most of the decisions were to happen behind closed doors.
Furthermore, the division of power and responsibility between these groups was left deliberately
vague. Without a detailed line of command or even a clear concept of function, it was inevitable
that, as with the drafting of the bill itself, real power would gravitate into the hands of those
with the technical knowledge and Wall Street connections.”
(G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 460-464).
Also, there can be no doubt that the President, who is making the appointment, is himself directed by hidden powers higher than himself in his selection, in order to make sure that the interests of the secret combination will be served.
The legislation for the new Federal Reserve Act was pushed through Congress on December 22, 1913, during the Christmas holidays while much of Congress was away with their families, ignorant of what was transpiring, and those present had little desire for drawn-out debate. Immediately afterward, the very next day in fact, Woodrow Wilson, the progressive globalist President, whose Presidential campaign was funded by the bankers on the condition that he allowed Central Bank legislation, signed the bill into law. The Federal Reserve was born.
Ever since this time in America’s history, the bankers have had America in a stranglehold. Benjamin Strong, the first chairman of the Federal Reserve, was previously the head of Morgan’s Bankers Trust Company and was among the conspirators of the Jekyll Island meeting, and represented the Morgan money power in the Federal Reserve. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 423). Therefore, upon the passage of the Federal Reserve Act and the appointment of Strong, J.P. Morgan, the Rothschild agent, had domination over America.
Interestingly, Senator Nelson Aldrich, who helped orchestrate the creation and passage of the Federal Reserve Act, also vehemently pushed for the Income Tax Amendment to the Constitution (the 16th Amendment). “The two creations work together as a far more delicate mechanism for control over the economic and social life of society than either one alone” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 205).
Establishing Communism in Russia
Readers will no doubt be interested to know that the secret combination, through many of the same players that had engineered the Federal Reserve’s control in America, actually deliberately established communism in Russia. The Godless communism that destroyed so many lives, and the tyranny that kept so many in fear and poverty, was engineered by the secret combination for financial gain, and also for spite upon the Russian nation for insolence toward the financial elites. The reader will recall that the Russian Czar Alexander II refused to allow a Central Bank to be established in Russia, and also providentially came to the aid of Lincoln in the Civil War, turning the tide of the conflict. This was a direct affront to the Central Bankers. It was an offense that the international financial elites never forgot, and at the beginning of the 20th century they finally put into place a scheme that toppled the Romanov dynasty – the Communist revolution (William Still’s The Money Masters documentary).
The involvement of the secret combination was one of financial backing. The financial elites supported those idealists who arose in Europe, seeking to overthrow governments and force the populace to participate in their convoluted utopia. Jacob Schiff, senior partner of Kuhn, Loeb, & Company, and descendent of the Jewish Schiff family that shared a dwelling with the Rothschilds in Frankfurt, Germany in the 18th century, funded Leon Trotsky, the influential Russian Communist revolutionary (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 263-267).
Trotsky was trying to incite revolution in Russia, which was Britain’s ally in the First World War at the time. This made Trotsky an enemy to Britain and therefore a warrant for his arrest was issued. When Trotsky was arrested in Halifax, Nova Scotia, Canada, appeals were made on behalf of American President Woodrow Wilson to set him free (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 266). The decision to release Trotsky would prove to be a fateful decision, one which would establish a ruthless Communist world power for the greater part of the 20th century. Anthony C. Sutton, expert on the issue of how the West built Russian communism, wrote, “President Woodrow Wilson was the fairy godmother who provided Trotsky with a passport to return to Russia to ‘carry forward’ the revolution” at a time when the State Department was actually tightening up passport procedures (Anthony C. Sutton, Wall Street and the Bolshevik Revolution as quoted in G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 266).
The Russian Revolution happened in the course of time and the Russian Royal family, the Romanovs, were brutally murdered. Upon the fall of Nicholas II, the Russian Czar, Jacob Schiff addressed a celebrating gathering of socialists in New York City by telegram, saying that a Communist revolution was “what we had hoped and striven for these long years” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 264). Jacob Schiff was also a major contributor to Woodrow Wilson’s presidential campaign, and was an advocate for the Federal Reserve Act.
J.P. Morgan also funded both the Bolsheviks and anti-Bolshevik groups in Russia at the time, in an effort to hedge his bets (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 278-280). All of the pieces were carefully put into place by the secret combination. The financial elites put puppet ambassadors in place in the American and British government networks to facilitate the Communist seizure of power (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 280-284). Much of the transition of power was accomplished by Wall Street financiers who entered the country under the guise of a Red Cross humanitarian mission (ibid.).
Throughout the history of the Soviet Union, this Communist state was nursed and coddled by American financiers and American government, providing technology, food, and money where the country would certainly have collapsed very quickly if left to its own socialist devices. Loans and deals made to the Soviet Union, which it would inevitably default on, were backed by the American taxpayer’s money, making the American taxpayer an unwitting financier of the Soviet Union (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 285-306).
As an example to give an indication of the financial elites’ business power over Russia, after the Bolshevik revolution, all the banks in the country were nationalized except for the Rockefellers’ National City Bank (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 292). When the Soviets formed their first international bank in 1922, it was not government controlled as one would expect from a Communist nation, but owned privately by a banking syndicate. The Vice President of J.P. Morgan’s Guaranty Trust Company in New York was appointed as Director of the Foreign Division of this Soviet bank (ibid.). The West has likewise supported Communism directly and indirectly all around the world, including China and North Korea (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 305).
Why would this have occurred? Why would the great financial interests wish to set up a tyrannical communist state to threaten the West? Why would Wall Street and politicians see that this communist state would receive funding and technology to make it a powerful nation? The answers hearken back to the reality of the Military-Industrial Complex, that segment of the Money Trust that makes money from providing the machinery for armed conflict. In the war business, there needs to be an imminent threat for business to thrive. The spread of communism resulted in two major wars for the United States alone – the Korean and the Vietnam wars. It also hearkens back to the kind of society that the secret combination is working hard to bring about – a despotic socialist regime with the financial elites as rulers and everyone else as slaves. The same goal exists today, except instead of trying to implement it through revolution, the elites are taking the much more effective and less-alarming incremental approach.
The First World War
The true story of America’s entrance into the First World War is intriguing yet very tragic and discouraging. It showcases more machinations of the secret combination at work. The story begins in this way: After Europe had been plunged into war, J.P. Morgan financed the European Allied powers with massive amounts of loans. When it looked as though the Germans might win the war, and that Morgan might lose his investment, plans were made to pull the Americans into the war and turn the tides of the conflict. To salvage these investments was the real purpose that America was thrust into World War I.
“Colonel” Edward Mandell House was a close advisor to Woodrow Wilson mentioned earlier in this article. His father was a Confederate veteran of the Civil War but a loyalist to unidentified English banking interests (which was thought to be the Rothschilds). Edward Mandell House was apparently a sympathizer of the Fabian Socialists as he was surrounded by them later in his life, and he was also the one who secured Woodrow Wilson’s nomination to the presidency. Once in the White House, “Colonel” House (he was not an actual Colonel) was the constant shadow of Wilson, directing who to appoint to the cabinet, and making secret deals with foreign countries (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 239-241). It is a very interesting fact that this influential character, Colonel House, would later be a close advisor to another awful president, Franklin D. Roosevelt (ibid., p. 239). Colonel House negotiated with British and French officials to develop the means by which the United States might be brought into the War (ibid., p. 239-243).
The American people originally had a very strong desire to stay out of the European war. Woodrow Wilson actually ran his campaign on the promise that he would keep America out of the war. But he had actually already decided to enter the war prior to the campaign. The decision had already been made by the financial powers to draft America into the War, and Wilson was merely following these orders, first by placating the people, then by leading them directly into war.
In order to do this, the secret combination’s pawns set up a deliberate endangerment of a passenger-carrying war vessel called the Lusitania. The Lusitania was a ship that happened to belong to the single major competitor of J.P. Morgan’s ship cartel. Newspaper ads meant to be placed by the German Embassy that warned Americans not to travel aboard the Lusitania were suppressed. Knowledge of the danger that the Lusitania was in went as high as the President of the United States, Woodrow Wilson, who did nothing to stop the ship from sailing to its impending destruction (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 251-252). When the Lusitania was sunk by a German U-boat in May of 1915, 195 Americans died. This circumstance inflamed the American people sufficiently for the United States government to enter the war on April 16, 1917 (ibid., p. 247-255).
Only days after declaring war, Congress approved $1 billion in credit, the vast majority of which was simply created by the Federal Reserve, to be transferred to England and France to pay for their war debts. Literally several hundreds of millions of dollars of this money went directly into the pocket of J.P. Morgan, the creditor of the Allied powers (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 258). As author G. Edward Griffin explained, “by the end of the war, Congress had awakened to the fact that it could use the Federal Reserve System to obtain revenue without taxes [taxes being a very unpopular alternative for politicians]. From that point forward, deficit spending became institutionalized” (ibid., p. 486).
The Cause of the Great Depression
Most people today ignorantly blame the Great Depression as a failure of capitalism. How unfortunate, and how ill-informed, for it was no such thing. It was, in fact, a carefully contrived event by the Federal Reserve Bank. In short, the Federal Reserve caused the Great Depression by pumping money into the economy and then promptly contracting the money supply. We shall now discuss the events leading up to the Great Depression.
In 1920-1921, the Federal Reserve, having obtained its position of domination over America, sought to eliminate competition from smaller “country banks” that did not join themselves to the Federal Reserve System. The Fed extended easy credit to farmers in the form of loans and then a recession was created that decreased their income so that they could not repay. This caused the country banks that were lending them the money to fail across the country, while the banks involved with the Federal Reserve System were bailed out by the credit creation power of the Fed. (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 476). Republican Congressman Charles Lindbergh observed, “Under the Federal Reserve Act, panics are scientifically created; the present panic is the first scientifically created one, worked out as we figure a mathematical problem.” (as quoted in G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 476). Congressman Lindbergh was right – this event was only a primer for the devastation that the Federal Reserve was to bring upon the nation in the Great Depression.
Why did the Federal Reserve deliberately plunge its own nation into the greatest financial crisis of the modern era? It must be remembered that those who sit in power at the heads of the Central Banks of the several nations hold little allegiance to their countries. Such a thing as patriotism is quite meaningless to them. But they are loyal instead to those they are beholden to financially – the Rothschilds – the European banking elite.
Bearing that in mind, let us return to the events of history. England had suffered greatly from the ravages of inflation and the burden of its socialistic programs as a result of the government’s actions during the First World War. In order to remedy this situation, the heads of the Central Banks of Great Britain (Montagu Norman of the Bank of England) and the United States (Benjamin Strong of the Federal Reserve) met in secret to develop a plan to “deliberately create inflation in the U.S. so that American prices would rise, making U.S. goods less competitive in world markets and causing American gold to move to the Bank of England” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 425). As Murray N. Rothbard wrote, “In short, the American public was nominated to suffer the burdens of inflation and subsequent collapse [the crash of 1929] in order to maintain the British government and the British trade union movement in the style to which they insisted on becoming accustomed” (as quoted in G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 423).
How did the mechanism work? How was it that England was the beneficiary of America’s demise? Author G. Edward Griffin explains:
“Throughout this period, the demand by the [Federal Reserve] System for government bonds and
acceptances pushed interest rates down. As anticipated, people with gold then preferred to send
it to London where it could earn a higher yield, and America’s gold supply began to move abroad.
Furthermore, as inflation began to eat its way into the purchasing power of the dollar, the
prices of American-made goods began to rise in the world markets making them less competitive;
U.S. exports began to decline; unemployment began to rise; low interest rates and easy credit led
to speculation in the securities markets; and the system lunged full speed ahead toward the Great
Crash of 1929.”
(G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 427).
The inflation of the currency by the Federal Reserve created the boom of the Roaring 20s. These artificial booms are unsustainable, however, and just as inevitable was the coming Depression. It was all to come crashing down, deliberately, so that the British economy would be bolstered. This fact was even admitted by Alan Greenspan, prior to his appointment as Chairman of the Federal Reserve (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 474). After being appointed as head of the Federal Reserve, Greenspan was silent on the matter, however. But Ben Bernanke, the current Chairman of the Federal Reserve, also publicly admitted that the Federal Reserve caused the Great Depression (Conference at the University of Chicago, Nov. 8, 2002). Of course, we do not need to hear it from the Fed to know the truth. Rep. Louis T. McFadden, a Democrat from Pennsylvania in the earlier part of the 20th century, was astute enough to attribute the cause of the Great Depression to the Federal Reserve conspirators. He said, “[The Great Depression] was not accidental. It was a carefully contrived occurrence.... The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all.” (Rep. Louis T. McFadden as quoted in William Still’s The Money Masters Documentary). McFadden accused the financial powers of causing the crash in order to steal America’s gold (ibid.). He was right.
It is of course noteworthy to realize that the major financial players and their friends were given advanced warning to leave the market before the crash. Paul Warburg of Kuhn, Loeb & Co. and mastermind behind the Federal Reserve structure did this very thing with his preferred customers (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 496). As G. Edward Griffin explained,
“John D. Rockefeller, J.P. Morgan, Joseph P. Kennedy, Bernard Baruch, Henry Morganthau, Douglas
Dillon – the biographies of all the Wall Street giants at that time boast that these men were
‘wise’ enough to get out of the stock market just before the Crash. And it is true. Virtually all
of the inner club was rescued. There is no record of any member of the interlocking directorate
between the Federal Reserve, the major New York banks, and their prime customers having been
caught by surprise.”
(G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 497).
To add to all of this, Curtis Dall, son-in-law of Franklin D. Roosevelt, who was on the trading floor the day the stock market crashed later concluded, “Actually, it was the calculated ‘shearing’ of the public by the World-Money powers triggered by the planned sudden shortage of call money in the New York Money Market.” (Curtis Dall as quoted in William Still’s The Money Masters Documentary).
Franklin D. Roosevelt Primes America for Socialist Dependency
In coordination with the secret combination’s plan to bring America closer to a state of despotic socialism, in a time of great emergency (the Great Depression), they set up a charismatic leader that the people could put their faith in. He would lead the people to believe that he could fix the economy and give the people the security they desired. He was to be the hero to clean up the mess left by President Herbert Hoover (another Progressive and the secret combination’s “fall guy”). This charismatic front man for the secret combination was none other than Franklin Delano Roosevelt, a distant cousin of the former President Theodore Roosevelt, another Progressive pawn. Franklin D. Roosevelt deserves to be classed alongside with Woodrow Wilson as one of the most terrible Presidents of the United States. Roosevelt greatly reduced freedom and the free market with his socialist “New Deal” policies which initiated government programs and projects. He also introduced the dependency-building government social welfare program of Social Security which has led to a host of other such bureaucratic programs. Rather than saving the nation from the clutches of the Great Depression, Roosevelt’s socialistic policies actually prolonged the Depression (“Money, Banking, and the Federal Reserve” Documentary by the von Mises Institute). Disallowing the free market to operate and tampering with the economy in the Keynesian fashion always has this effect.
Just short years after Franklin D. Roosevelt’s disastrous terms in office, a prophet of God, President David O. McKay, publicly decried the state that the country had now found itself in:
“During the first half of the twentieth century we have traveled far into the soul - destroying land of socialism and made strange alliances through which we have become involved in almost continuous hot and cold wars over the whole of the earth. In this retreat from freedom the voices of protesting citizens have been drowned by raucous shouts of intolerance and abuse from those who led the retreat and their millions of gullible youth, who are marching merrily to their doom, carrying banners on which are emblazoned such intriguing and misapplied labels as social justice, equality, reform, patriotism, social welfare.”
Franklin D. Roosevelt committed some atrocious crimes against the American people relating to money and property: First, through the New Deal in 1933, Roosevelt took the dollar off the gold standard, making Federal Reserve Notes (i.e. dollar bills) no longer redeemable in gold coins (Murray N. Rothbard, The Case Against the Fed, p. 132). This allowed the government access to the large sums of money it would require to pay for its socialistic programs, without the spending restrictions of gold. Secondly, through the Gold Reserve Act of 1934, Roosevelt confiscated the people’s gold money and gold bullion and made it illegal to own gold as a money commodity (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 321). These acts were totally unconstitutional and therefore illegal, as Article 1 Section 10 of the Constitution mandates that only gold and silver shall be legal tender, and the 5th Amendment secures the right to private property, guaranteeing that, “nor shall private property be taken for public use, without just compensation.” But these unconstitutional crimes served the desires of the Money Powers behind the Federal Reserve, who, as noted before, wish to have the advantages of issuing their fiat currency (see “Funny Money” heading).
There are many who idolize Franklin D. Roosevelt for his charisma, or because they are under the misguided notion that his government programs were a benefit to the country. Such people might be uncomfortable or shocked to learn that the Roosevelt had been groomed and prepared by, and was always under the thumb of, the secret combination. The words of FDR’s own son-in-law confirm this:
“For a long time I felt that FDR had developed many thoughts and ideas that were his own to
benefit this country, the United States. But, he didn’t. Most of his thoughts, his political
ammunition, as it were, were carefully prepared for him in advance by the Council on Foreign
Relations One World Money group…Brilliantly, with great gusto, like a fine piece of artillery,
he exploded that prepared ‘ammunition’ in the middle of an unsuspecting target, the American
people, and thus paid off and returned his internationalist political support.”
(FDR: My Exploited Father-in-Law by Curtis Dall, FDR’s son-in-law, 1968, p. 185).
One of the most frightening innovations of FDR was near the end of his life and Presidency, when during his 1944 State of the Union Address he attempted to introduce a “second Bill of Rights” to American law, which included:
“The right to a useful and remunerative job. The right to earn enough to provide adequate food and clothing and recreation...”
“The right of every family to a decent home.”
“The right to adequate medical care.”
“The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment.”
“The right to a good education.”
This list of things sounds so benign, and even just, that many may wonder what could be so sinister about such a proposal to guarantee these things by force. The problems with trying to guarantee these things are:
They are not unalienable rights but are privileges that should only be merited through hard work. A person has no unalienable right to require the services or property of another against their will, because it infringes on the freedom of those thereby required to provide the service or property.
The real rights listed in the Constitution are limits on the power of government, thereby making the individual free of government’s control. This erroneous “second Bill of Rights” is a list of newly granted powers to the government that would cause it to encroach into the lives of the people and increase its power far beyond Constitutional limits.
The only way for government to attempt to actually secure such privileges would be to have an authoritarian Communist-style regime, and,
Even if that were the case, like in Soviet Russia, in the end the government would be unable to provide these promised privileges anyway.
Such a “second Bill of Rights” would necessitate total government and would completely destroy freedom and prosperity. Ezra Taft Benson wisely warned us against the false idea that it is government’s role to make sure that everyone lives comfortably and prosperously, regardless of individual effort . He said:
“...material gain and economic security simply cannot be guaranteed by any government. They are
the result and reward of hard work and industrious production.... Why then, do Americans bake
more bread, manufacture more shoes, and assemble more TV sets than Russians do? They do so
precisely because our government does not guarantee these things. If it did, there would be so
many accompanying taxes, controls, and regulations and political manipulations, that the
productive genius that is America’s would soon be reduced to the floundering level of waste and
inefficiency now found behind the Iron Curtain. And I’ve seen it with my own eyes in several
(Ezra Taft Benson, “The Proper Role of Government,” BYU Speeches of the Year, 1968).
It is by no means insignificant that the events of the past have been repeated today. Hebert Hoover, who contrary to popular thought was a Progressive and worked for the interests of the secret combination, is pinned with the blame for the greatest financial crisis of the generation. Then a charismatic leader is put in his place to give the people hope. But this new leader leads the country squarely down the road of socialism. This story, first told in the context of Herbert Hoover and Franklin D. Roosevelt, is being played out again in America with different names – George W. Bush and Barack Obama.
From the League of Nations to the United Nations
In the early part of the 20th century, in 1919 after the horror of World War I, the secret combination used the tragedy of the war to try and sell out the national sovereignty of the nations of the world. This was done to eliminate political rule by nations in preference for a world government run by unelected officials. The people of the several nations would have no voice, no real representation, but laws would be made by a world government by which they must abide. The secret combination, the money power, would be in charge of this world government. It was to be called the “League of Nations” and was to be trumpeted as the means of mankind obtaining world peace through negotiation rather than war. Reaction to the League of Nations among General Authorities of the Church was mixed, however the more politically aware and doctrinal experts among them decried the attempt to consolidate the governments of the world and put the rule of God’s inspired Constitution in jeopardy. Among the prophets and authorities that opposed the League of Nations were: Reed Smoot, an apostle and a senator both; Charles W. Nibley, presiding bishop of the Church; Joseph Fielding Smith, apostle, future President of the Church, and eminent doctrinal expert; David O. McKay, apostle, another future President of the Church, and tireless advocate for the Constitution and freedom; J. Reuben Clark, future member of the First Presidency, statesman and a Constitutional expert (see James B. Allen, “Personal Faith and Public Policy...” BYU Studies, Vol. 14, 1973-1974). “Highly respected as a scholar, Clark was probably better informed on all matters related to the League, as well as the history of American international relations, than any of the other characters in the drama of 1919” (ibid.). The League of Nations proved to be unpopular in America, however, despite the efforts of Woodrow Wilson to champion the idea, and its influence fizzled into the footnotes of history.
After World War II, the secret combination tried the same scheme and this time was successful. This time their puppet globalist cheerleader was Franklin D. Roosevelt, the ever-pliable stooge. Upon the creation of the United Nations in 1945, this phase in the secret combination’s plan was finally implemented. A global political structure had been put into place. All that was required was to slowly and incrementally, without causing alarm, shift power from the sovereign member nations to the international United Nations authority. Today, the United Nations makes decrees and laws that work against the institution of the family and the sovereignty of nations. The United Nations acts as a vehicle to enact world government and pass world legislation, including legislation that deliberately undermines the structure of the family. It is a structure for global governance, completely without elected representatives.
The financial elites fund and foster perpetual war and, with the help of the U.S. government, build up credible threats from other nations by trading with them and selling them weapons and resources, either directly or indirectly. The existence of credible threats to the United States is then used to create the perceived need for the United Nations as a peacemaker (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 303-305).
Apostle, Constitutional expert, experienced statesman, and future President of the Church, Ezra Taft Benson, gave the following warning regarding the United Nations:
“With reference to the United Nations and spurious appendages, I would like to quote the
Internal Security Annual Report for 1956, p. 213, as made by the Senate Internal Security Sub-
Committee, as follows: ‘What appears, on the surface at least, to be by far the worst danger
spot, from the standpoint of disloyalty and subversive activity among Americans employed by
international organizations, is UNESCO-the United Nations Educational, Scientific and Cultural
Organization. Among less than ninety Americans employed by UNESCO the International Organizations
Employees Loyalty Board found fourteen cases of doubtful loyalty.’ Then, in the footnote, we see
this: ‘Information in the possession of the sub-committee, indicating a great deal of evidence
not yet publicly adduced, points to the possibility that the parent body, the U.N., may be the
worst “spot” of all.’ There is no indication that there has been the slightest improvement in the
United Nations or its satellites since that time….let us have no further blind devotion to the
communist - dominated United Nations.”
(Ezra Taft Benson, “A Race Against Time,” BYU Speeches, 1963).
Apostle and future President of the Church Harold B. Lee, at the time in which the United Nations was being established, made the following remark respecting the institution: “Except the spirit of the Gospel of Jesus Christ and principles contained within the Constitution of the United States are inherent in world plans now being formulated, they are but building on sand and the Lord is not in that building” (“Youth and the Church” by Harold B. Lee, Deseret Book Company, 1970, p. 220). Likewise President David O. McKay made the following statement regarding the future that likely awaits the children of God because of the institution of the United Nations: “Unless the spirit of Christianity permeate the deliberations of the United Nations, dire tragedies await humanity” (David O. McKay, Gospel Ideals, p. 275). President McKay also taught that we should protect the inspired Constitution from threats to its authority, which the United Nations represents. He taught, “I repeat that no greater immediate responsibility rests upon members of the Church, upon all citizens of this republic and of neighboring republics than to protect the freedom vouchsafed by the Constitution of the United States” (ibid., p. 320).
The Assassination of John F. Kennedy
It will be recalled that at the beginning of this article, a powerful speech by John F. Kennedy was given in 1961 confirming the existence of and denouncing “secret societies” which were controlling the country. Kennedy’s willingness to give this speech and openly defy the secret combination showed his opposition to the powers that were undoubtedly trying to intimidate him. In an effort to strike back against the conspiracy, President Kennedy signed Executive Order #11110 to limit the powers of the Federal Reserve by allowing the issuance of silver coinage directly from the Treasury of the United States. It was this Presidential act, and Kennedy’s attempt to pull the troops out of the Vietnam War, that ultimately led to Kennedy’s assassination. The withdrawal of troops from the war displeased the war profiteers who were heading the Military-Industrial Complex, and making money from war. That old pattern of assassination, just like the attempt on Andrew Jackson, the murder of Abraham Lincoln, and likely James A. Garfield, was resorted to by the secret combination. On November 22, 1963, John F. Kennedy was brutally assassinated by gunfire while riding in his motorcade through the streets of Dallas, Texas. After Kennedy’s assassination, Lyndon B. Johnson took the reigns of the Presidency and promptly plunged America full-scale into the war in Vietnam and greatly expanded government bureaucracy.
Author and historian Webster G. Tarpley discussed John F. Kennedy’s resistance to the financial conspirators:
“Now Kennedy was brought in as someone who was expected to be a puppet. It was thought that his pro-Nazi father Joseph P. Kennedy, the bootlegger, the speculator, would guarantee that Kennedy would be obedient to the establishment. They thought that Kennedy was a sex maniac who could be manipulated…. But it turned out that through his personal suffering, Kennedy had discovered a personal sense of himself which went beyond just being a puppet. And he began to think about thinks like economic recovery, world peace, having a space program, making deals with the Soviets, cutting the Federal Reserve down to size, and a whole series of other things…. The last time [America] had an actual President was Kennedy.”
As radio personality and researcher Alex Jones explained in one of his Documentaries, the assassination of John F. Kennedy was in the interests of the secret combination:
“Executive Order #11110 signed by President Kennedy began the process of abolishing the private
Federal Reserve. Kennedy was also pushing for real civil rights reform, and had begun the
process of pulling the troops out of Vietnam....The Oligarchs took swift and decisive action.
When John Kennedy attempted to take the government back from the Robber Barons, he was brutally
murdered. The message to future U.S. Presidents and leaders across the world was clear: do as
you’re told, or die. John Fitzgerald Kennedy was the last true President of the United States,
and until the globalists are removed from power, we will never have another real one.”
(Alex Jones in The Obama Deception Documentary).
The Fed Continues Its Stranglehold on America
The financial elites to varying degrees have been in control of America for generations. Probably nothing, however, signifies their “silent coup d’état,” their secret take-over, more than the establishment of the Federal Reserve System, with its ties to the high financial interests of the Rockefellers and Rothschilds. The power that the secret combination now wields over the economy through this System is virtually limitless. And we have already witnessed for several generations the sad economic effects of their control. The situation is aptly described by economist and historian Murray N. Rothbard:
“Over the years, all early restraints on the Fed activities or its issuing of credit have been
lifted; indeed, since 1980, the Federal Reserve has enjoyed the absolute power to do literally
anything it wants: to buy not only U.S. government securities but any asset whatever, and to
buy as many assets and to inflate credit as much as it pleases. There are no restraints left on
the Federal Reserve. The Fed is the master of all it surveys”
(Murray N. Rothbard, The Case Against the Fed, p. 132).
The Secret Combination Consolidating Its Power over the World
“And seeing the people in a state of such awful wickedness, and those Gadianton robbers filling the judgment-seats—having usurped the power and authority of the land…and moreover to be held in office at the head of government, to rule and do according to their wills, that they might get gain and glory of the world”
– Helaman 7:4-5
“For the love of money is the root of all evil”
– 1 Timothy 6:10
The Endgame: A New World Order
The ultimate goal of the financial elites and their secret combination is to at last create despotic global socialism, with the power, control, and wealth in the hands of a few, and the masses as serfs. This is their endgame. The elites have referred to this new global society many times as the “New World Order.” The name is of course deliberately very benign, so as to cause the least amount of alarm as possible. It is meant to bring to the mind an era of peace and happiness. But that is not the intent.
Some may wonder what motivates the secret combination to do what they are doing. The great motivator of the secret combination is money. But it is also apparent that being unimaginably rich is not enough for the elites. Their goal of world domination is motivated by a lust for absolute power and control. Aaron Russo, who was referred to at the beginning of this article, had a personal friendship with Nick Rockefeller, one of the elites. Rockefeller divulged much of the plans the secret combination had in store to Aaron Russo, because of their close friendship and as an attempt to recruit Russo. Russo related the following regarding the goals of the secret combination:
“The ultimate goal that these people have in mind is the goal to create a one-world government run by the banking industry, run by the bankers. And they’re doing it in sections. The European currency, the Euro, and the European Constitution is one part of it. And now they’re trying to do it in America with the North American Union, and they want to create a new currency called the Amero....And so they want a one-world government, controlled by them, everybody being chipped [i.e. with computer chip implants], all your money in those chips, and they control the chips and they control the people, and you become a slave. You become a serf to these people. That’s their goal, that’s their intentions.”
The elites have an evil, selfish attitude towards their fellow man. When Aaron Russo protested his friend’s proposals, saying, “I don’t believe in enslaving people,” Nick Rockefeller responded quizzically, “What do you care about them? What do you care about those people? What difference does it make to you? Take care of your own life, do the best you can for you and your family. What do the rest of the people mean? They don’t mean anything to you. They’re just serfs, they’re just people.” Russo described the attitude as a complete and utter “lack of caring.” (Reflections and Warnings: An Interview with Aaron Russo by Alex Jones).
Author and researcher G. Edward Griffin explained the strategy the secret combination is using to create their New World Order:
“It is one of the least understood realities of modern history that many of America’s most
prominent political and financial figures – then as now – have been willing to sacrifice the
best interests of the United States in order to further their goal of creating a one-world
government. The strategy has remained unchanged since the formation of the Cecil Rhodes society
and its offspring, the Round Table Groups. It is to merge the English-speaking nations into a
single political entity, while at the same time creating similar groupings for other
geopolitical regions. After this is accomplished, all of these groupings are to be amalgamated
into a global government, the so-called Parliament of Man.”
(G. Edward Griffin, The Creature from Jekyll Island, p. 428).
The Bilderberg Group
In 1954, the elites began arranging formal meetings together to discuss their plans for the world. The first such meeting took place at the Hotel de Bilderberg in the Netherlands. One of the founders of the Bilderberg group was Prince Bernhard of the Netherlands, a former Nazi (Webster G. Tarpley in Alex Jones’ The Obama Deception Documentary). Although the location has varied throughout time, forever after the participants of these meetings have been called the Bilderberg Group.
What makes the Bilderberg Group so incredibly interesting and important for our discussion is its roster of attendees and the super-secretive nature of the meetings. Among those who attend the Bilderberg Group are notable government leaders of the past and present, members of Royalty, wealthy businessmen, and media moguls. Nothing of what they discuss is open for the public, or even alluded to by the present government. It is simply not open for discussion. What could they possibly be discussing that we can’t know about? What are these powerful world planners up to? The answer is that they are the architects of a “New World Order,” the few elite of society that expect to be on top when their plans are fully realized. And in the Bilderberg meetings they are discussing policy and strategy to best bring about their ends.
All of this is reminiscent of the words of David Rockefeller, one of the Bilderbergers, quoted at the beginning of this article, in which he frankly admits being a secret internationalist group seeking world government. It is appropriate to quote him again:
“For more than a century ideological extremists at either end of the political spectrum have seized
upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family
for the inordinate influence they claim we wield over American political and economic institutions.
Some even believe we are part of a secret cabal working against the best interests of the United
States, characterizing my family and me as ‘internationalists’ and of conspiring with others around
the world to build a more integrated global political and economic structure - one world, if you
will. If that's the charge, I stand guilty, and I am proud of it.”
(David Rockefeller, Memoirs, p. 405).
The Council on Foreign Relations (CFR) and the Trilateral Commission (TLC)
In addition to the Bilderberg Group, the are many subgroups organized to implement the plans and policies of the secret combination. Two of these organizations that are very notable are the Council on Foreign Relations (or the “CFR”), and the Trilateral Commission (or the “TLC”). It is helpful to take a look at how these groups came about and what their agenda is.
The CFR is the organization that implements the incremental socialism of the Fabian Socialist variety. As G. Edward Griffin wrote, “The Council on Foreign Relations was a spin-off from the failure of the world’s leaders at the end of World War I to embrace the League of Nations as a true world government” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 273). It was an extension of secret “Round Table” groups initiated by Cecil Rhodes, the South Africa diamond and gold magnate who was funded by the Rothschilds (ibid., p.272-273), and for whom the country of Rhodesia was named. Rhodes himself was highly influenced by the tenets of socialism while in his youthful college days (ibid., p. 270-271). The purpose of these Round Table Groups was to expand the dominion of the British Empire, a consuming priority of Cecil Rhodes’.
The “driving force” behind the Council on Foreign Relations was J.P. Morgan’s son, J.P. (Jack) Morgan, Jr. The Morgan family, though Americans, actually had stronger ties to England than America. It was for this reason that America suffered the Great Depression and the damaging effects of the Roaring 20s inflation, being in Jack Morgan’s words, “the price we must pay for helping Europe” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 427-428). In other words, America was chosen to suffer financially to keep England afloat, all in congruence with Cecil Rhodes’ and the Morgans’ loyalties to Britain and the European elite.
G. Edward Griffin further explained the worldwide structure of Cecil Rhodes’ Round Table creation:
“Headquartered in England, the Rhodes inner-most directorate was called the Round Table. In other countries, there were established subordinate structures called Round-Table Groups. The Round-Table Group in the United States became known as the Council on Foreign Relations. The CFR, which was initially dominated by J.P. Morgan and later by the Rockefellers, is the most powerful group in America today. It is even more powerful than the federal government, because almost all of the key positions in government are held by its members. In other words, it is the United States government.”
G. Edward Griffin also explained that “almost all of America’s leadership has come from this small group,” including “presidents and their advisors, cabinet members, ambassadors, board members of the Federal Reserve System, directors of the largest banks and investment houses, presidents of universities, and heads of metropolitan newspapers, news services, and TV networks” (G. Edward Griffin, The Creature from Jekyll Island, p. 110).
Carroll Quigley, the intellectual and unabashed insider to the secret combination, wrote the following about its Round Table structure:
“At the end of the war in 1914, it became clear that this system (Round Table) had to be greatly
extended…the task was entrusted to Lionel Curtis who established, in England and each dominion, a
front organization to the existing local Round Table Group. This front organization, called the
Royal Institute of International Affairs, had as its nucleus in each area the existing submerged
Round Table Group. In New York it was known as the Council on Foreign Relations and was a front
for J.P. Morgan and Company in association with the very small American Round Table Group.”
(Carroll Quigley, Tragedy and Hope, pp. 951‑952).
Curtis Dall, son-in-law to Franklin D. Roosevelt and author of FDR: My Exploited Father-in-Law, wrote about how his father-in-law received very planned and deliberate direction from the Council on Foreign Relations in all of his political movements:
“For a long time I felt that FDR had developed many thoughts and ideas that were his own to benefit
this country, the United States. But, he didn’t. Most of his thoughts, his political ammunition,
as it were, were carefully prepared for him in advance by the Council on Foreign Relations One
World Money group…Brilliantly, with great gusto, like a fine piece of artillery, he exploded that
prepared ‘ammunition’ in the middle of an unsuspecting target, the American people, and thus paid
off and returned his internationalist political support.”
(FDR: My Exploited Father-in-Law by Curtis Dall, FDR’s son-in-law, 1968, p. 185).
It is important to note that just because someone is a member of the Council on Foreign relations, it does not follow that they have bad intentions for the United States. Some members are misguided idealists and others no doubt joined to make political connections. But the true purpose of the group is sinister, and as we have just seen, it does exercise undue influence over key political authorites. Aaron Russo explained about the CFR from what he learned from Nick Rockefeller:
“I asked him [Nick Rockefeller], ‘Do all the people in the Council on Foreign Relations feel the
same way you feel [about enslaving humanity]?’ He said, ‘No, a lot of them think they’re doing the
right thing. They think that socialism is the best way to go. But the people are tough, they don’t
know the truth about what’s happening.’ …. [many of] the people that belong to the CFR … they don’t
know what’s going on. They joined the CFR because it’s prestigious.”
(Reflections and Warnings: An Interview with Aaron Russo by Alex Jones).
As for the other organization, the Trilateral Commission or the TLC was created by David Rockefeller, powerful banker and head of the Rockefeller family (and the one overseeing the American branch of the international bankers’ world takeover). The purpose of this organization is to gradually erode national sovereignty. In 1993, Rockefeller put Paul Volcker, former Chairman of the Federal Reserve, in place as Chairman of the Trilateral Commission. (G. Edward Griffin, The Creature from Jekyll Island, p. 112).
Republican Senator Barry Goldwater, who was serving in the Senate from 1953 to 1965 and 1969 to 1987, and was an unsuccessful Presidential candidate against Democrat Lyndon B. Johnson, said frankly of the Trilateral Commission in his 1964 book:
“The Trilateral Commission is intended to be the vehicle for multinational consolidation of the commercial and banking interests by seizing control of the political government of the United States. The Trilateral Commission represents a skilful, coordinated effort to seize control and consolidate the four centers of power: political, monetary, intellectual, and ecclesiastical. What the Trilateral Commission intends is to create a worldwide economic power superior to the political governments of the nation-states involved. As managers and creators of the system, they will rule the future.”
In short, the relationship and hierarchy between these groups is as follows:
“Bilderberg issues executive decisions and prime directives to its subdirectors for implementation
– the Trilateral Commission takes the Bilderberg group agenda and executes it through regional
Round Table Groups throughout Europe, Asia, and the Americas. The Council on Foreign Relations
serves as the managing Round Table Group in the United States sector. The Council on Foreign
Relations has nominated every Administration since the days of FDR [i.e. Franklin D. Roosevelt
(Alex Jones in The Obama Deception Documentary).
The IMF and World Bank
Close to the end of World War II in 1944, delegates from several nations met in Bretton Woods, New Hampshire to erect an organization that would regulate global finance. During this Bretton Woods Conference, leading socialists gathered at the United Nations and created two organizations for the purpose of advancing world socialism: the IMF (International Monetary Fund), and the World Bank. The original stated purpose of these organizations were, for the IMF, to maintain fixed exchange rates between the currencies of nations, and for the World Bank, to build the economies of underdeveloped or war-torn nations by providing loans (G. Edward Griffin, The Creature from Jekyll Island, p. 86).
The unscrupulous method undertaken by these international organizations was to eliminate gold as currency, and replace it with fiat money only, “In other words, it was to allow governments to escape the discipline of gold so they could create money out of nothing without paying the penalty of having their currencies drop in value on world markets” (G. Edward Griffin, The Creature from Jekyll Island, p. 86).
From its very foundation, these organizations, the IMF and the World Bank, were communistic. This is evident from the nature of their founders. They were the creation of the bisexual Fabian Socialist and economist John Maynard Keynes, Assistant Secretary of the United States Treasury and Communist spy Harry Dexter White, and Virginius Frank Coe, a member of the same Communist spy ring as White.
These organizations, particularly the IMF, act as a world Central Bank, a lender of last resort bailing out failing socialist governments when their policies lead them to ruin. In these organizations’ giving of money to governments around the world, there is no encouragement of free market capitalism, or infusing the money into the private sector. Instead, the money is specifically meant to grow government bureaucratic projects and programs (G. Edward Griffin, The Creature from Jekyll Island, p. 96). Any token attempts for the World Bank to see that money goes to the private sector are ignored without consequence – the money just keeps coming anyway (ibid. p. 97).
The World Bank has funded murderous dictators the world over, who have used to funds to pay for their regimes while their people starve or are massacred, and their property nationalized (G. Edward Griffin, The Creature from Jekyll Island, p. 98-101). The suffering of the people is inconsequential to the World Bank and the IMF, the only important thing to their leaders being that the goal of socialism is advanced.
The Trade Agreements
There have arisen many trade agreements in recent political history. These trade agreements play a deceptive role in advancing the interests of the secret combination. What could be more benign than a simple trade agreement? If anything, it would be perceived as helpful. This is what is so dangerous about this technique of the global conspiracy.
NAFTA (North American Free Trade Agreement), EU (European Union), APEC (Asia-Pacific Economic Cooperation), and GATT (General Agreement on Tariffs and Trade), and the WTO (World Trade Organization) have trade as their secondary purpose. Their real purpose is to consolidate nations into regions in a step to create the one world government. This has been admitted by some of the elites such as David Rockefeller and Henry Kissinger (G. Edward Griffin, The Creature from Jekyll Island, p. 112-114).
David Rockefeller said he didn't “think that ‘criminal’ would be too strong a word to describe ... rejecting NAFTA.” Rockefeller said: “Everything is in place -- after 500 years -- to build a true ‘new world’ in the Western Hemisphere” (David Rockefeller, Wall Street Journal, Oct. 1, 1993). Kissinger admitted that the passage of NAFTA “will represent the most creative step toward a new world order taken by any group of countries since the end of the Cold War...” NAFTA “is not a conventional trade agreement, but the architecture of a new international system” (Henry Kissinger, Los Angeles Times, July 18, 1993).
The World Trade Organization is described by the elites as the “third pillar of the New World Order, along with the United Nations and the International Monetary Fund,” the other two pillars being the International Monetary Fund (IMF) & World Bank, and the United Nations (G. Edward Griffin, The Creature from Jekyll Island, p. 114).
War for the Love of Money
The Doctrine & Covenants states, “And the time will come that war will be poured out upon all nations, beginning at this place [meaning South Carolina, the place the Civil War commenced]” (D&C 87:2). Why is there seemingly perpetual war? The answer is simple once one considers the powers that are controlling the world, and their major motivation: money. It is as Dr. Michael Coffman stated in an Alex Jones Documentary:
“The Banking Cartel ... since about 1800 [has] funded both sides of almost every war. And of
course, they’re getting the interest off of the loans that they have given the various
governments and the wars that they have absolutely helped stimulate and create.”
(Dr. Michael Coffman as quoted in Alex Jones’ Endgame: Blueprint for Global Enslavement
Wars are fought so that the bankers and industrialists can make money financing both sides. This is the Military-Industrial Complex mentioned earlier in this article and of which President Eisenhower warned America. In order for the profiteers of war to make money, there must be some conflict someplace that will create huge demand for their wares or their loans. These wars are then purposely dragged on as long as possible for maximum profit. That is the reason for the constant turmoil of war and the fear that is created to lead into it.
Many of the great wars of recent history were started under a cunning deceit, to change the mind of the ordinary citizen, who has no stake or interest in leaving the comfort of their home to fight a needless conflict, into one of full support for war. The propaganda used to garner support for many of these wars are simply lies. The reader only needs to consider the deceit involved in America’s entrance into World War I, discussed above, to know that this is so. Other wars which were entered on a definite guise of deceit were the Vietnam War and the Iraq War. The states of emergency under the conditions of war can then be used by the elites as a means to take away Constitutional freedoms through fear. Once the conflict is decided, the government is sure to leave a military presence behind to maintain control and spread the influence of the secret combination, much in the same way that English Imperialism spread the reach of the Rothschilds.
It is important for the reader to understand that long term war would not be possible for governments to finance without the fiat money that the Federal Reserve creates. The Federal Reserve, and other Central Banks, actually encourage and enable the perpetual war throughout the world through their money creation. When the currency is finite, such as gold, the government can only have so much of it, and therefore can only spend so much of it. As economist Joseph Salerno said, “Almost...every major war has involved a departure from the gold standard, because the gold standard puts strict limits on government financing” (Economist Joseph Salerno as quoted in “Money, Banking, and the Federal Reserve” documentary produced by the Ludwig von Mises Institute ).
“Therefore, renounce war and proclaim peace,” the Lord has said (D&C 98:16). It is the duty of the Latter-day Saints, and every believer in free government, to stand up for peace and decry war. This is especially so when we realize that the true reasons for these wars are to fatten the pockets of the financial elites associated with the Military-Industrial Complex. Defence of the nation is one thing, but a crusade of war across the globe is nothing but tragedy. Enough blood of the brave and the innocent has been shed upon the ground in order to satisfy the secret combination’s love for money.
Why is there a pervasive trend towards socialism and away from free market capitalist principles, despite the overwhelming failure of socialism and the proven effectiveness of free market capitalism? The thrust for socialism across the world is not by happenstance, it is part of the plans of the secret combination. The elites have methodically, almost imperceptibly, pushed for socialism across the world. Socialism (including its variations, communism and fascism) are tools of the Financial Powers behind the great conspiracy. Having a mechanism of easily redistributing wealth suits the purposes of the elites, and they also get the control they require to implement their plans when government is swelled to the point that it is under socialist conditions. The elites have sought to accomplish the shift toward socialism “in the name of social justice or equality, but the real objective is to override the free market and to bring society under the control of the master planners” (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 205).
As it has been noted in this article already, America has not had a true free market economy at least since the Franklin D. Roosevelt era in the 30s, when government entitlements and social welfare programs began to be implemented. And actually, it has arguably been a command economy since the Federal Reserve System took control of the economy in 1913. The very existence of a group of private bankers arbitrarily controlling interest rates and the supply of money puts massive restraints upon the effectiveness of the free market. And a “Lender of Last Resort” that does not allow select businesses to fail is destructive to a free market capitalist system. Aaron Russo related that his friend Nick Rockefeller said the goal of the secret combination was this: “We have to convince people that socialism is really capitalism.” Russo concluded that that is exactly what is happening and that, “America is becoming socialist country” (Reflections and Warnings: An Interview with Aaron Russo by Alex Jones).
How terribly far has America gone down the destructive road of socialism! One need only to look at the principles America was founded on, and look where it is now, to see the truth of this. The Constitution, which God established by the hands of wise men (D&C 101:80) and which contains “just and holy principles” of freedom and liberty (D&C 101:77), laid down very strict limits to government, in order to avoid the very kind of oppression that always comes with a large socialistic government. The Founding Fathers intended for the federal government of the United States to be so small that it would subsist solely on the tax revenue from imposts and excise taxes (i.e. taxes on imports and sales taxes). An income tax was considered an unconstitutional and despotic burden on the people. This Constitutional system worked wonderfully for over 130 years, until the secret combination began to push the borders of government beyond Constitutional limits. Author G. Edward Griffin puts it into perspective:
“Federal taxes, including Social Security, now takes
It is clear that the federal government has become an awful monster. And for all of the government’s bigger size and ever-advancing over-reach of power, the people are not any better off. The only reason for improvement in standard of living today is due simply to technological innovation, certainly not because of government intervention.
And now another issue associated with this topic: Where have all the Communists gone? Up until the closing decade of the 20th century, communism was a growing force across the world, a sincere world threat. Now it seems to have faded into irrelevance. Why? It seems that to disrupt the stalemate that was occurring as a result of the Cold War, the elites allowed the collapse of communism in the Soviet Union and the opening up of other communist countries such as China, to give the perception of victory for the free world. Socialism has persisted, however, in the seemingly benign form of “social democracies” across Europe, which while making some concessions to freedom, ultimately has the same end goal as communism once the elites have all the pieces in place. Social democracy is really only the road to despotic socialism/communism of the Fabian Socialist variety, that is, by increments. The threat of communism has not disappeared - it is only more subtle.
People who choose to support the modern Democratic Party often do so because they feel that it sticks up for the underdog, the working man. President Barack Obama was elected on the premise that he was going to stand up for the interests of the little person in the midst of a crushing recession. Obama, however, has been groomed for years by the financial elites, like many others, to be used as a tool. He was given his first job out of college by Henry Kissinger, former Secretary of State in the Nixon and Ford Administrations, and an unapologetic globalist and participant in the clandestine Bilderberg Group (Alex Jones’ The Obama Deception Documentary). Furthermore, Obama’s advisors and appointees have been described by historian Webster G. Tarpley as, “all Wall Street. It’s government of Wall Street, by Wall Street, and for Wall Street…. The only people who have a voice in Obama’s councils are Wall Street finance oligarchs…. It’s the most extreme Wall Street Administration we’ve ever had” (Webster Tarpley in ibid.).
What caused the financial collapse of 2008? The thing that caused it was that bankers were selling complex financial instruments called asset-backed securities or mortgage-backed securities. These mortgage-back securities were sold on the open market like other financial instruments and were highly profitable but were inherently dangerous. They were dangerous because the assets that were supposed to be backing the securities and giving them value were mortgages. But these mortgages had been riskily extended by the banks to basically anyone who would ask for them, regardless of their ability to pay. Therefore these securities were a house of cards, and when homeowners began defaulting on their mortgages, it all came crashing down. The bankers had engineered a time bomb collapse of the market, earning loads of money as they went. And why wouldn’t they take such profitable risks, considering that there was a “Lender of Last Resort,” the Federal Reserve, that exists to bail them out if they get in trouble? This puts the Federal Reserve System squarely at the root of the problem when discussing the financial crisis of 2008.
The first round of pillaging of the American people began under President Bush, a Republican, but his Keynesian measures had appeal to internationalist progressives of both parties. President Bush, then-Senator Barack Obama of the Democrats, and others frightened Congress and the public into bailing out the banks and large corporations. The people were frightened into thinking that unless this was done, the fallout would be catastrophic to the economy. The TARP (Troubled Asset Relief Program) bill to save the banks and corporations was rubber stamped through Congress without even allowing enough time for representatives to read it, and then signed by President Bush. “The bill was really a financial coup d’état by Wall Street. The bill didn’t just give $700 billion to the banks, it was a blank check. And as of February 2009, $9.7 trillion has disappeared into a black hole.... [Bush’s Treasury Secretary Henry Paulson] went on to say that where the money was going was a secret” (Alex Jones in The Obama Deception Documentary). And so the greatest theft of the American public was carried out with their consent in an emergency situation. And the very people who engineered the collapse of the market – the bankers – were bolstered up by the very people who lost the most – the American taxpayers.
Next, President Barack Obama was elected to the Presidency in November of 2008 and entered office in January 2009, and the second round of pillaging of the American people commenced. Obama’s “Stimulus Package,” which Americans were told was supposed to create jobs and prop up the economy, was essentially a bailout to large corporations at the expense of the common taxpayer. In true Keynesian fashion, the market had been manipulated by the government to suit certain objectives, but these objectives just happened to not be in the interest of the American public. This was another bill that was pushed through Congress with a great sense of urgency, notably from President Obama, and without adequate time to discuss its ramifications. Fear tactics were used, with President Obama declaring that unless the measure was taken, unemployment would reach 8%. Once it was passed through Congress, Barack Obama waited a full four days to sign this “urgent” bill into law. After its passage, true to the counterproductive nature of Keynesian economics, unemployment soared above the much-feared 8%, reaching about 10% and staying at that level consistently for about a year. The situation had gotten worse with the tampering of the economy. The corporations that received the money from Obama’s bailouts then used it to buy up other smaller businesses that were not privileged to receive funds, allowing them to consolidate their power and ownership (Alex Jones in The Obama Deception Documentary). Small businesses, which create the vast majority of new jobs, were largely passed over by these government measures. The American Small Business League (ASBL) estimated that “small businesses in America received less than three percent of the Obama Administration’s economic stimulus in 2009.”  This indicates that greater than 97% of the money that was supposed to “stimulate” the economy went to larger businesses, a segment of the economy which creates far fewer new net jobs, and which needed the capital infusion far less than smaller businesses. Most of the Obama Stimulus found its way, one way or another, into the hands of Fortune 500 Companies, many of which had contributed to political campaigns.
There can be no doubt that, like Franklin D. Roosevelt’s government intervention during the Great Depression, Obama’s “stimulus” measures have had the effect of prolonging the economic suffering, while Wall Street gets off scot-free with the American people’s money simply handed to them. Had the free market been operating and allowed to function after the crisis hit, no doubt there would have been a period of great economic hardship, as the bankers had manipulated the economy into an impossible situation, but recovery, true recovery, would have come much sooner and the American public would have been better off with the crooks having gone out of business.
Ezra Taft Benson wrote, “A nation cannot spend itself into prosperity. Nor can we preserve our prosperity and our free-enterprise system by following a reckless policy of spending beyond our income...” (Ezra Taft Benson, The Red Carpet, p. 167). While though Obama presented himself as a man of the people with his socialistic leanings and his “Let’s spread the wealth around” comments, he very clearly works for the international bankers’ interests. The Bush/Obama bailouts were a fantastic fraud. Bush and Obama stole huge sums of money from the American people and put it directly into the hands of the financial elites and their friends in the business world who had helped caused the economic crisis.
Trust Not in the Parties
While the merits of a conservative political party can be successfully argued to be superior to a liberal political party, we should not get caught up in allegiance to a particular political party nor ever actually become at ease enough to trust any of them. The secret combination from the beginning of the 20th century has had its claws deep in both American political parties. Progressives have and will exist in both parties. Blind allegiance to a party – any party – will only make a fool out of you. For instance, George W. Bush, who claimed to be conservative and was elected on that premise, tripled the size of government while in office and signed into law the terrible Patriot Act, which squashes 4th Amendment freedoms to security and privacy in a person’s own home, papers, and effects (see Alex Jones’ The Obama Deception Documentary).
As Carroll Quigley revealed, the elites of the secret combination want us to focus narrowly on the parties, and to bicker over them, and to waste our time arguing about the details of policies. It serves as a distraction from our greatest problem – the conspiracy. And the secret combination will advance its agenda under the banner of either party. Quigley wrote:
“The argument that the two parties should represent opposed ideals and policies…is a foolish idea…Instead, the two parties should be almost identical, so that the American people can ‘throw the rascals out’ at any election without leading to any profound or extensive shifts in policy. The policies that are vital and necessary for America are no longer subjects of significant disagreement, but are disputable only in details…But either party in office becomes in time corrupt, tired, and…vigorless. Then it should be possible to replace it, every four years if necessary, by the other party…[which] will still pursue, with new vigor, approximately the same basic policies.”
The truth of this statement is readily seen. Which political party wants to abolish the Federal Reserve? Neither. Which political party wants to reestablish a true free market economy? Neither. Which political party actually observes the Constitution? Neither. Which political party actually protects the interests of the little person in society by preserving freedom and individual rights? Neither. Despite lip service, it is apparent that both parties are nearly exactly the same in the matters that concern the financial elites: Both ultimately work to increase the role of government, to see that the state is in an almost perpetual state of war, and to see that Wall Street and the bankers are well served.
The politicians and leaders who serve the secret combination to one degree or another are simply the front men. They are not themselves the planners of the great conspiracy. If the people become aware of the shadiness and corruption of their leaders, as was the case with George W. Bush, and throw him out of office, the secret combination will promptly try to put in place an acceptable replacement. Documentary film-maker Alex Jones stated,
“In the real Executive power structure, the President serves the Military-Industrial Complex,
[which is controlled] by the international bankers. If there’s a revolution, the population
just throws out the Prime Minister or President. The elite stays in power, because the public
is never aware of who the real enemy is.”
(Alex Jones in The Obama Deception Documentary).
Some leaders, of course, make better and more obedient servants to the secret combination than others do. The most pliable of servants are generally the big government left-leaning politicians, as big government is integral to the secret combination’s plans for control. Since Kennedy there has been elected a generally well-meaning, freedom-loving President of the United States – Ronald Reagan – and there may yet still be more. But such well-meaning men are constrained to work within the framework of pressure groups and overlords that the secret combination has established. And thus they are still puppets, and the positive change back to the principles of freedom will not be sufficiently realized under their Administration while the secrect combination still has control, unless the minds of the people can band together to support freedom.
The secret combination has mastered the ability to use fear to make the populace submit to their plans. For instance, it was the fear that the economy would implode which allowed for the establishment of the Federal Reserve, which then in turn brought the economy into the greatest financial crises the nation has ever seen. The secret combination simply repeats this tactic of fear, and then enslaves the people into the very circumstances they wish to avoid – a loss of liberty and prosperity.
This is the pattern: the use of fear. Threats of international terrorism, though real, are exploited by the elites in a conscious endeavour to create a climate of fear and erode the people’s liberty, make them voluntarily give up their freedoms and make them clay in the hands of the elites. But all the while, the threats that are the object of the fear are themselves created by the secret combination. Like communism, radical Islamic groups have also been armed and funded by the West and Wall Street (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 304).
The global warming hysteria (now rebranded as “climate change”) follows this pattern as well. The global warming/climate change scare is a hoax orchestrated by the elites as an ingenious way to get the people to submit to carbon taxes and a global redistribution of wealth, with the hidden purpose to stifle what is left of industry and equalize powerful nations like the United States with less prosperous ones, and to keep down the third world from becoming too prosperous and independent. That would make America much more manageable for the elites to control, and put it in a position where there would be a perceived need for aid and guidance from a governing world body. In fact, a secret report compiled by members of the Council on Foreign Relations in the 60s, which was later leaked, entitled “The Report from Iron Mountain,” examines ways in which to keep the populace under the control of the government. The recommendations included the exploitation of group psychology phenomena during an emergency atmosphere of war, to take away the people’s freedoms with the minimum amount of alarm or complaint, and to maximize allegiance and devotion to government leaders. Also, strongly recommended was raising the alarm of an environmental threat, either real or fabricated, to get the people to comply with the will of the government in order to save the planet (G. Edward Griffin, The Creature from Jekyll Island, 2010, p. 516-526). All the while people are afraid to not comply for fear that the world will literally end.
The Georgia Guidestones
A curious artefact of the secret combination’s New World Order conspiracy is the existence of the Georgia Guidestones in Elbert County, Georgia, U.S.A. The monument is a modern Stonehenge-like structure with what are referred to as the “10 Commandments of the New World Order” written on them in several world languages. The monument itself was erected by an unknown financier under the pseudonym of “R.C. Christian.”
There are many mysterious things about the Georgia Guidestones, such as: Who was “R.C. Christian”? Why, if attempting to establish a secret conspiracy, would they announce themselves so plainly and brazenly? The answers to these questions cannot be known with certainty, but we may suppose that it is possible that either the secret combination is incredibly confident that such an act will not subvert their plans, or a member and believer in the secret combination’s society erected the monument in a lone and rogue gesture of allegiance to the cause.
What is not mysterious about the Georgia Guidestones is the most frightening thing of all, and that is what they actually declare, written in stone. The 10 planks of the New World Order are as follows:
We will now decode the Georgia stone Decalogue and interpret its frightening message in plain English:
Point #1 advocates mass murder of the world population and total control over family relations. The plan to maintain the world population under 500,000,000 is done for easier control of the masses. This reduction in population could only mean eliminating a significant portion of the population through the means of mass murder. This murderous plan is a literal fulfillment of the scripture: “For it cometh to pass that whoso buildeth it [the secret combination] up seeketh to overthrow the freedom of all lands, nations, and countries; and it [the secret combination] bringeth to pass the destruction of all people” (Ether 8:25, emphasis added). This could possibly be brought about by biologically engineered contagion, for the revelations of Joseph Smith foretell of devastating disease to come: “And there shall be men standing in that generation, that shall not pass until they shall see an overflowing scourge; for a desolating sickness shall cover the land” (D&C 45:31).
Point #2 advocates eugenics, which is the forceful government planning of who is allowed to breed children in society. This also constitutes complete control over the family institution.
Point #3 is an attempt to destroy cultural identity and individualism.
Point #4 is the destruction of religion, replacing it with a secular humanist rationalism of the Darwinian influence.
Point #6 advocates the consolidation of political power into the hands of a few – a world government compartmentalized at the convenience of the ruling elites. In the plan of the secret combination, nations will be consolidated into regions as it suits the elites, all of which are to be subordinated to the central world government.
Point #7 disregards the rule of people’s law and Constitutional law in favour of the elites’ grand plans for society.
Point # 8 advocates the elimination of the concept of unalienable rights, seeking to “balance” these sacrosanct rights of the individual with the cause of chosen groups, when and where “social duties” to the collective might be seen by the government as taking precedence.
Point #9 hints at uniting humanity under the bondage of a state religion that worships nature in a vague way, leaving God out of the picture and the door wide open for secularism and government control. The point is to subjugate the individual to nature, as though man is inferior to the planet and must serve it and its masters. True religion, on the other hand, teaches that man is a child of God and the greatest of all God’s creations, and therefore endowed with unalienable rights.
Point #10 advocates either placing strict limits on property rights or eliminating them altogether, so that the government may care for nature. Man and his progress to individualistic prosperity is seen as a disease upon the earth.
The Financial War on the Family
When we see the effects of the secret conspiracy we can readily see that the Devil himself is guiding it carefully. Satan is leading a financial war on the family through his elite banker servants. The bankers cause inflation and a subsequent decline in quality of living for everyday people, often necessitating the mother to leave the home and supplement income just to make ends meet. If a family is financially obligated to breakdown in this way, and it is primarily a result of the Central Bank’s stranglehold on the nation, then Satan has met his objective through his unwitting servants.
Satan is using these globalist Bankers to carry out his ends, but it perhaps has not occurred to the reader just how intrinsically tied the secret combination is to the breakdown of the family. They financially support evil causes such as feminism and homosexuality in order to weaken the family and destabilize society, so that they might gain control easier. Those idealists involved in such causes, who actually believe in them, serve as “useful idiots” to bring about the nefarious ultimate purposes of the international elites. Why would the secret combination seek to break the family apart by putting the mother into the workforce? Aaron Russo explains the frightening reality as related to him by Nick Rockefeller:
“We were at the house one night and we were talking, and he [Nick Rockefeller] started laughing
and he said, ‘Aaron, what do you think women’s liberation was about?’ And I had pretty
conventional thinking about it at that point, and I said, ‘Things like women have the right to
work, get equal pay with men, just like they won the right to vote.’ And he [Rockefeller]
started to laugh and said, ‘You’re an idiot.’ And I said, ‘Why am I an idiot?’ And [Rockefeller]
said, ‘Let me tell you what that was about: We, the Rockefellers, funded that. We funded women’s
lib. We’re the ones who got it all over the newspapers, and television – the Rockefeller
Foundation. And do you want to know why? There were two primary reasons: One reason was we
couldn’t tax half the population before women’s lib, and the second reason was now we get the
kids in school at an early age. We can indoctrinate the kids in how to think. You see, it breaks
up their family. The kids start looking at the state as their family, at the school, at the
officials, as their family – not as the parents teaching them.”
(Reflections and Warnings: An Interview with Aaron Russo by Alex Jones).
The motivation for pushing homosexuality, which is also funded heavily by the elites, is to further weaken the institution of the family and make society morally weaker. Weak families make for a weaker and more easily controlled society.
The Darwin Connection
It is an interesting fact that the theory of evolution is not only a dreadful false doctrine; it is also a powerful tool of the secret combination. Darwinism has been latched onto by the elites because it serves as a rational basis for their plans. Instead of people believing that they were created in the image of God and therefore are endowed with certain inherent and unalienable rights, we are told that we are simply valueless animals and that the strongest have the right to dominate over the weak. This fits the paradigm of the elites perfectly. It is of significant note that Karl Marx dedicated the German edition of Das Kapital, his book of anti-capitalist rants and socialist ideals, to Charles Darwin, his idol, as Marx could clearly see evolution theory as a theoretical/intellectual basis for his proposed communism system. And it is a matter of fact that evolution has served as the philosophical underpinning to communism, socialism, and Nazi fascism, as well as initiatives such as eugenics, genocide, and population control. It is undeniable that autocrats like Adolf Hitler and Joseph Stalin were heavily influenced by Darwinism in their policies and philosophies. Evolution is even the philosophical basis for behavioural vices that manifest themselves spontaneously in society, such as promiscuity, teen pregnancy, abortion, and school shootings. It has a great effect on the minds of people, and hence is promoted by the godless conspiracy to prepare people for subjection.
B.H. Roberts of the First Council of the Seventy observed that it was the teachings of evolution that led Cecil Rhodes, the Rothschild underling and creator of the Round Table/Council on Foreign Relations networks, to the course he took in his life. As a result of evolution theory, Rhodes made it his life quest to see that the strong elites become rulers over the weak:
“[Rhodes] had been urged by his friends to follow the calling of a minister of the gospel. When he returned to Oxford, however, he found that the discussion of the Darwinian theory had upset pretty much the theology of the old institution. The philosophy of evolution was particularly attractive to Mr. Rhodes, but it made it impossible for him to accept the Bible theory of creation, as it was expounded at least in the theology of the schools. He therefore abandoned the career proposed for him by his friends; but fortunately, I think, while he accepted the doctrine of evolution, he believed that the evolutionary power, the power that was causing the evolution, was both intelligent and purposeful; that the whole evolutionary process could not be without some purpose since it was undoubtedly attaining noble ends, as he viewed it. In biology, for instance, he reasoned out the truth, or rather what he accepted as the truth, viz., evolution had produced man, and that was no small achievement; in sociology it had produced the Anglo-Saxon race; and in the field of civil government it had produced the British empire; and, apparently, as he viewed things, this power in the world producing evolution, was using the British empire for the achievement of its highest attainments—the building up and maintaining of civilization. So when Cecil Rhodes came to look for service in life, his logic led him to conclude that whatever the British empire and the Anglo-Saxon race and civilization were seeking to accomplish, that would be the thing that he ought to try to help…. He wanted to create for this evolutionary power that he served, he wanted to create agents who would go on with the mission to which he was devoted…”
It is further noteworthy that Aldous Huxley, grandson of T.H. Huxley, “Darwin’s Bulldog,” incidentally wrote A Brave New World, which was a fictional story that reflected what he thought the world could conceivably become like in the future. The main feature of the book is an oppressive world government that has control over all the aspects of people’s lives. All of this is an outgrowth of the conclusions of evolution theory.
The Mark of the Beast?
Let us recall the ultimate goal of the elites. According to Aaron Russo, “the end goal is to get everyone [micro]chipped, to control the whole society” (Russo interview with Alex Jones). He went on to explain,
“The whole agenda is to create a one-world government where everybody has an RFID chip implanted in them. All money is to be in those chips. There’ll be no more cash. And this is given to me straight from [Nick] Rockefeller himself; this is what they want to accomplish....Instead of having cash, anytime you have money in your chip, they can take out whatever they want to take out, whenever they want to. If they say, ‘You owe us this much money in taxes,’ they just deduct it out of your chip digitally.... [It is] total control. And if you’re like me...and you’re protesting what they’re doing, they can just turn off your chip and you have nothing – you can’t buy food, you can’t do anything. It’s total control of the people.”
The chips are to have all our personal information and purchasing records on them as well. As Aaron Russo said, “Everything, everything is in there [i.e. the chip implant].” This would make it possible for the elites to control every aspect of our lives. And if we are disobedient to their wishes, they can terrorize us by simply turning off our chips and removing our ability to purchase basic goods such as food. Students of the scriptures will notice that this concept bears a striking resemblance to the awful mark found in John’s Revelation of the last days. Could these microchips or RFID (Radio Frequency Identification) technology be the famous Mark of the Beast spoken of in the scriptures? Apostle John recorded:
“And he causeth all, both small and great, rich and poor, free and bond, to receive a mark
in their right hand, or in their foreheads: And that no man might buy or sell, save he
that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let
him that hath understanding count the number of the beast: for it is the number of a man;
and his number is Six hundred threescore and six”
John tells us that the number of the beast is the notorious 666. Barcodes are often used in conjunction with RFID technology. It is a very interesting fact that each barcode has in it a separator called a “guard bar” at the beginning, middle and end, which computers recognize as the digit 6. Thus, 6-6-6 appears in each barcode. Could barcode and/or RFID technology be what Apostle John was referring to as the mark of the beast? Some may find this notion too speculative. Admittedly, it is speculation. But consider the facts: 1) The secret combination wants to plant microchips in the population, 2) These chips will be the thing that gives people the power to buy and sell, 3) The mark of the beast also is the thing that gives people the power to buy and sell, 4) The mark of the beast has a number associated with it and is located in the likely places for such a microchip implant – the hand or forehead.
Why would receiving this barcode be such a destructive choice for the saints of God? It is conceivable that as a condition of receiving the “mark” or “microchip” and be able to purchase goods, the recipient must forsake religion and swear obedience to the New World Order regime. This forsaking of God in order to receive the mark would account for the damnation that will fall upon those who receive it (Rev. 14:9-10).
The powerful throughout history have almost without exception sought to exercise control and dominance over the masses. It is no different today, only that the powerful are successfully working in secret, and they have the resources to dominate the entire globe. It has been established both from secular and prophetic voices that a conspiracy exists to lead the world into global despotic socialism, ruled by the few. This is the “secret combination” we are gravely warned about in the scriptures, “which shall be among you.” And it truly is among us today. “For it cometh to pass that whoso buildeth it up seeketh to overthrow the freedom of all lands, nations, and countries; and it bringeth to pass the destruction of all people” (Ether 8:24-25). The secret combination has terrible long-term plans for this world: A socialistic totalitarian regime, lorded over by the elites themselves with total control over all aspects of life, including family, “economic, political, and religious” aspects (The First Presidency: Heber J. Grant, J. Reuben Clark, Jr., David O. McKay, Conference Report, Oct. 1942, p. 13, emphasis added).
There may still be some who after reading this article flatly deny the existence of a secret conspiracy, considering it to be foolishness. But this author would submit that it is more foolish and naïve to say that there are no such things as conspiracies in government; no backroom deals, or special interests driving policy – to simply trust that such things do not exist. And when we consider the warnings from the scriptures and notable figures, the evidence becomes undeniable to all but the most wishful of thinkers.
There are warning signs and things to look out for in order to be vigilant. Big government is always dangerous because it usurps more and more powers that do not rightfully belong to it. This circumstance of obtrusive, big government is exactly what the secret combination requires in order to complete its plans. The only safety for the people therefore, is in the limited government and free market economy advocated by the Constitution, where government powers are carefully kept in check. Also, the international bankers need to lose their power to perpetrate their charade. This means the strict outlawing of fractional reserve banking, the reestablishment of a gold-backed, hard money currency, and of course, the abolishment of the Federal Reserve and other similar Central Banking systems.
Many reading this article will be wondering what they, as an individual, can do against such a well-organized world power. It begins with education. Become informed about the scriptures, the Constitution, and the world events surrounding the conspiracy. Next is warning your neighbour. Once you have become sufficiently informed, communicate the truth to others in an appropriate way and time. We can fight these evil designs by standing up for freedom and Constitutional principles.
In closing, the following quotes from Ezra Taft Benson are appropriate:
“There are some who feel that the fight for freedom is separate from the gospel. They
express it in several ways, but it generally boils down to this: Just live the gospel;
there’s no need to get involved in trying to save freedom and the Constitution or to stop
communism. Of course, this is dangerous reasoning, because in reality you cannot fully live
the gospel without working to save freedom and the Constitution, and to stop communism
… our stand for freedom is a most basic part of our religion.”
(Ezra Taft Benson, General Conference, October 1966).
“Now, that divine duty to be a faithful fighter for freedom requires that those of us who
have been warned do our duty to warn our neighbor, for our neighbor's involvement in this
struggle can bless his soul, strengthen his family, and protect him from pitfalls while he
helps his country. The blessings far outweigh the burden when we stand up for freedom....
For amid the encircling gloom, the kindly light of the Lord can lead us on—can help expose
and stop evil in some places, slow it down in others, give the forces of freedom the chance
to become better entrenched, provide righteous alternatives, and develop faith and hope to
keep on keeping on in the divine assurance that in the brightness of the Lord's coming, the
darkness of Satan's conspiracy will eventually be fully exposed and destroyed.”
(Ezra Taft Benson, God, Family, Country: Our Three Great Loyalties, p. 404).