Money Changer$ Part 4

Yes, we need central banks. No, we do not need them in private hands. The central bank
scam is really a hidden tax. The nation sells bonds in central bank to pay for things that
do not have the political will to raise taxes to pay for. But the bonds are purchased with
money the central bank creates out of nothing. More money in circulation makes your money
worth less. The government gets as much money as it needs, and the people pay for it in
inflation. The beauty of the plan is that not one person in the thousand can figure
it out, because it is usually hidden behind complex sounding economics gibberish. With
the formation of the bank of England the nation was soon a wash in money. Prices though out
the country doubled.  Massive loans were granted for just about any wild scheme. One
venture proposed to drain the red sea, to recover gold that was supposedly lost when
the Egyptian army drowned pursuing Mosses and the Israelites. In 1698 the government
debt grew from the initial one and a quarter million pounds to 16 million pounds. Naturally
taxes were increased and then increased again to pay for all of this.  With the British
money supply firmly in their grip, the British economy began a wild roller coaster series
of booms and depressions, exactly the sort of thing the central banks claims it is determined
to prevent. There are two things which I think that are intrinsic not just to the bank of
England but to central banks generally. The first is an involvement in the formulation
of military policy, with the specific objective of retrieving military stability. However,
since the bank of England took control the British pound has rarely been stable. Now
let’s take a look at the role of the Rothschild family, the family that was said to be the
wealthiest in the world. This is Frankford, Germany.  50 years after the bank of England
opened its doors a goldsmith named Amshel Mosses Bower opened a coin shop, counting
house in 1743. Over the door he placed a sign depicting a roman eagle on a red shield. The
shop became known as the red shield firm or in German Rothschild. When his son Amshel
Mayer bower inherited the business he decided to change his name to Rothschild. Amshel soon
learned that loaning money to governments and kings was more profitable than loaning
to private individuals. Not only were the loan bigger but they were secured by the nations
taxes. Myer Rothschild had five sons; he trained them all in the skills of money creation,
and then sent them out to the major capitals of Europe to open branch offices of the family
banking business. His first son Amshel Mayor stayed in Frankford to mind the home town
bank. His second son Salmon was sent to Vienna, his third son Franklin was clearly most clever,
he was sent to London at age 21 in 1798, one hundred years after the founding of the bank
of England. His forth son Carl went to Naples and his fifth son Jacob went to Paris. In
1785 Mayer Amshel moved his entire family to this larger house. A five story dwelling
he shared with the Shift family. This house was known as the green shield. The Rothschild’s
and the Shifts would play a central role in the rest of European financial history, and
of that of the United States. The Rothschild’s broke into dealings with the European royalty
here at William’s hall, the palace of the wealthiest man in Germany, in fact the wealthiest
monarch in all Europe, Prince William Cassel. At first the Rothschild’s were only helping
Williams in speculate precious coins. But when Napoleon chased prince Williams into
exile, he sent five hundred and fifty thousand pounds, a gigantic sum at that time, to Nathan
Rothschild in London with instructions for him to buy consoles, British government bonds
also called government stocks. But Rothschild used that money for his own purposes, with
Napoleon on the loose the opportunity of war time investments were nearly limitless.  William
returned here sometime prior to the battle of waterloo in 1815. He summoned Rothschild
and demanded his money back. The Rothschild’s returned Williams money with the interest
the British consoles would have payed him had the investment actually been made. But
the Rothschild’s kept all the past profits they had made using Williams money. Nathan
Rothschild later bragged that in the 17 years he had been in England he had increased his
original 20 thousand pound steak given to him by his father by 25 hundred times. By
cooperating in the family the Rothschild’s soon grew unbelievably wealthy. By the mid
1800’s they dominated all European banking, and were certainly the wealthiest family in
the world. They finances Cecil Roads, making it possible for him to establish a monopoly
over the diamond and gold field s of South Africa. In America they finance the Heromins
and railroads, the Vanderbilts in the railroads and the press, and Carnegie and the steel
industry, among many others. In fact in World War I JP 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 Rothschild’s. Once Morgan’s will was made public it was discovered that he
owned only 19% of JPMorgan companies. By 1850 James Rothschild, the air of the French branch
of the family was said to worth 600 million French francs, 150 million more than all the
other bankers in France put together. He built this mansion called fairiee, just east of
Paris. Bill helm I on scene exclaimed kings can’t afford this it could only belong to
a Rothschild. Another 19th century French commentator put it this way, there is but
one power in Europe and that is Rothschild. There is no evidence that their predominate
standing in European or world finance has changed. Now let’s take a look at the results
the bank of England had produce on the British economy, and how that was later the root cause
of the American Revolution. By the mid 1700’s the British Empire was nearing its height
of power around the world. But Britain had fought four costly wars in Europe since the
creation of their privately owned central bank, the bank of England.   The cost had
been high to finance theses wars the British parliament here had borrowed heavily from
the bank. By the med 1700’s the government debt here in Britain was 140 million pounds
a staggering sum for those days. Consequently, the British government embarked on a program
trying to raise revenues from their American colonies in order to make interest payments
to the bank. But in America it was a different story. The scourge of the privately owned
banks had not yet hit. This is independence hall in Philadelphia, were the declaration
of independence and the constitution were signed. In the mid 1700’s prerevolutionary
America were still relatively poor. There was a severe shortage of precious metal coins
to trade for goods. So the early colonists were forced to experiment with printing their
own home grown paper money. Some if these experiments were successful. Franklin was
a big supporter of the colonies printing their own paper money. In 1757 Franklin was sent
to London. He ended up staying nearly 18 years here, nearly until the start of the American
Revolution. During this period the American colonies began to issue their own money. Called
colonial script the endeavor was really successful. it provided a reliable medium of exchange,
and it also helped to provide a feeling of unity between the colonies. Remember colonial
script was just paper money. Debt free money, printed in the public interest, and not backed
by gold or silver coins. In other words it was a totally fiat currency.