CTM Forum Board -> HISTORY AND NATURE OF MODERN "CENTRAL BANKING"
The people of every nation therefore would be made both the instruments and objects of a predominate world power, imposed by what we now call, by his preference, "central banking." Every organization today which advocates government about a nucleus of "central banking" is either by intention or inadvertent misconception, an organization compliant with
Rothschild's prescription for usurped power, confiscation of wealth, and extinguishing of individuality, freedom and justice necessary to his graft.
"Central banking" is creation and ownership of every nation's currency by private bankers of this very same, persistent discipline, for the sake of unlimited profit by inherent, irreversible multiplication of debt, necessarily wrought in every nation of the world necessarily maintaining its vital circulation, by the mere act of re-borrowing what we pay in interest and principal as subsequent debts, increased so much as period "interest"
(usury).
Every such system inherently and irreversibly multiplies debt in proportion to a circulation, or the commerce which can be sustained by it,
until, with all wealth distributed from the producers of the wealth to the "central banking" system itself, the nation, and every other such marginalized nation, ultimately collapses under insoluble debt — whereupon, should it please the usurpers of all wealth, once the subjects of the system are stripped of all meaningful possession, the graft may be begun anew, to manifest in yet another such, successive, inevitable end.
The righteous, anti-central-banking principles of the founding fathers, which many had given their lives for in the revolution, comprised a formidable threat to the world's new breed of usurer. The central bankers could not afford for the colonists' experiments in usury-free taxation and circulation to survive, or especially to evolve as an example of the prosperity possible by a circulation not subject to unearned profit.
Much as would result "for instance" of Enron purchasing the favor of both purportedly vying political parties, the Republicans of the 1912 presidential election proposed, as solution, the audacity of uniting the very culpable banks into one central bank.
The Democrats promised not to create a central bank, and were elected on that very platform.
A year later, in violation of that promise, at the "guidance" of these same bankers, Democrat President Woodrow Wilson established the proposed banking coalition under the purposed guise, "Federal Reserve System."
Fifteen years later, multiplication of debt precipitated the Great Depression.