Lessons not learned from banking history
The present global finacial crisis was created by bankers – called banksters by many today - who could care less about those that have brought them immense waelth and power. And sadly, this is nothing new. Consider the following reactions to the actions of bankers in the 19th century:
President Abraham Lincoln after the National Banking Act of 1863 was passed:
"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 in high places 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 is destroyed."
Placing monetary and currency power in the hands of the federal government (as opposed to the likes of the FED- a privately owned bank incorporated in 1913, made to look and sound like a federal institution) worked so well that Lincoln began considering the adoption of this emergency measure as a permanent policy. This policy was advantageous for everyone except the money power cabal who quickly expressed their views in an article in the London Times.
Lord Goschen, spokesman of the Financiers, Hazard Circular - London Times,
1865:
"If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe."
Otto von Bismarck, Chancellor of Germany, 1876:
"It is not to be doubted, I know of absolute certainty, that the division of the United States into two federations of equal power 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 as one block and were to develop as one nation, would attain economic and financial independence, which would upset the capitalist domination of Europe over the world."
(LT)
Banks could care less about common sense
Archived Articles | 18 Dec 2008 | EWR
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