Zeitgeist: The Movie Page #9

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Which means the central bank has to perpetually increase its money supply to temporarily cover the outstanding debt created,

which in turn, since that new money is loaned out at interest as well,

creates even more debt!

The end result of this system without fail is slavery.

For it is impossible for the government and thus the public, to ever come out of the self-generating debt.

The founding fathers of this country were well aware of this.

"I believe that banking institutions are more dangerous than standing armies..

If the American people ever allow private banks to control the issue of currency..

the banks and corporations that will grow up around them will deprive the people of their property

until their children wake up homeless on the continent their fathers conquered." -Thomas Jefferson, 1743-1826

"If you want to remain the slaves of the bankers and pay for the costs of your own slavery,

let them continue to create money and control the nation's credit." -Sir Josiah Stamp

By the early 20th century, the US had already implemented, and removed a few central banking systems,

which were swindled into place by ruthless banking interests.

At this time, the dominant families in the banking and business world were:

the Rockefellers, the Morgans, the Warburgs, the Rothschilds.

And in the early 1900's, they sought to push once again, legislation to create another central bank.

However, they knew the government and public were weary of such an institution.

So they needed to create an incident to affect public opinion.

So, J.P. Morgan, publicly considered a financial luminary at the time,

exploited his mass influence by publishing rumors that a prominent bank in New York was insolvent, or bankrupt.

Morgan knew this would cause mass hysteria which would affect other banks as well, and it did.

The public, in fear of losing their deposits, immediately began mass withdrawals.

Consequently the banks were forced to call in their loans, causing the recipients to sell their property,

and thus a spiral of bankruptcies, repossessions, and turmoil emerged.

Putting the pieces together a few years later, Fredrik Allen of LIFE Magazine wrote:

"The Morgan interests took advantage to precipitate the panic of 1907

guiding it shrewdly as it progressed."

Unaware of the fraud, the Panic of 1907 led to a Congressional investigation, headed by Senator Nelson Aldrich,

who had intimate ties to the banking cartels, and later became part of the Rockefeller family through marriage.

The Commission led by Aldrich recommended a Central Bank should be implemented,

so a panic like 1907 could never happen again.

This was the spark the international bankers needed to initiate their plan.

In 1910, a secret meeting was held at a J.P. Morgan estate on Jekyll Island off the coast of Georgia.

It was there that the central banking bill called the Federal Reserve Act was written.

This legislation was written by bankers, not law-makers.

This meeting was so secretive, so concealed from government and public knowledge,

that the 10 or so figures who attended disguised their names in addressing each other.

After this bill was constructed, it was then handed over to their political front-man, Senator Nelson Aldrich, to push through Congress.

And in 1913 with heavy political sponsorship by the bankers, Woodrow Wilson became President,

having already agreed to sign the Federal Reserve Act in exchange for campaign support.

And 2 days before Christmas when most of Congress was at home with their families, the Federal Reserve Act was voted in,

and Wilson in turn made it law.

Years later, Woodrow Wilson wrote, in regret:

"(Our) great industrial nation is controlled by its system of credit.

Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who,

even if their action be honest and intended for the public interest,

are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily,

by very reason of their own limitations, chill and check and destroy genuine economic freedom.

We have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world-

no longer a government by free opinion, no longer a government by conviction and the vote of the majority,

but a government by the opinion and the duress of small groups of dominant men. -Woodrow Wilson

Congressman Louis McFadden also expressed the truth after the passage of the bill:

"A world banking system was being set up here.. a superstate controlled by international bankers.

acting together to enslave the world for their own pleasure. The Fed has usurped the government."

Now, the public was told that the Federal Reserve system was an economic stabilizer.

And inflation and economic crises were a thing of the past.

Well, as history has shown, nothing is further from the truth.

The fact is the international bankers now had a streamlined machine to expand their personal ambitions.

For example, from 1914 to 1919, the Fed increased the money supply by nearly 100%.

Resulting in extensive loans to small banks.

Then in 1920, the Fed called in massive percentages of the outstanding money supply,

thus resulting in the supporting banks having to call in huge numbers of loans,

and just like in 1907: bank runs, bankruptcy, and collapse occurred.

Over 5400 competitive banks outside of the Federal Reserve System collapsed.

Further consolidating the monopoly to a small group of international bankers.

Privy to this crime, Congressman Lindbergh stepped up, and said in 1921:

"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 equation."

However, the panic of 1920 was just a warm-up.

From 1921 to 1929 the Fed again increased the money supply.

resulting once again in extensive loans to the public and banks.

There was also a fairly new type of loan called a margin loan in the stock market.

Very simply, a margin loan allowed an investor to put down only 10% of a stocks price,

with the other 90% being loaned through the broker.

In other words, a person could own $1000 worth of stock with only $100 down.

This method was very popular in the roaring 1920's,

as everyone seemed to be making money in the market.

However, there was a catch to this loan.

It could be called in at any time, and had to be paid within 24 hours.

This is termed a margin call,

and the typical result of a margin call is the selling of the stock purchased with the loan.

So, a few months before October of 1929, J.D. Rockefeller, Bernhard Barack, and other insiders quietly exited the market,

and on October 24th, 1929, the New York financiers who furnished the margin loans started calling them in, in mass.

This sparked an instantaneous massive sell-off in the market,

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