A fellow forumer that doesn't have the required post count to post in this thread asked me to relay a question. KTK pointed me to an online version
of an old book that has been released into the public domain, None Dare Call it a Conspiracy
Have you ever heard of it Mr. Marrs?
It is a very intriguing book to say the least. The foreword was written by a former congressman.
The book seeks to expose an international conspiracy that exploits socialism to create a world in which a ruling elite have an absolute monopoly over
all money and industry.
KTK wanted to know your opinion, Jim, on a certain section of the book dealing with previous economic crashes that appeared to have been engineered,
such as the 1929 stock market crash. Do you agree with this info?
A few key excerpts, the first dealing with the engineered crash of 1907 as a means to bring about the Federal Reserve;
In order to show the hinterlands that they were going to need a central banking system, the international bankers created a series of panics as a
demonstration of their power a warning of what would happen unless the rest of the bankers got into line. The man in charge of conducting these
lessons was J. Pierpont-Morgan, American-born but educated in England and Germany. Morgan is referred to by many, including Congressman Louis
McFadden, (a banker who for ten years headed the House Banking and Currency Committee), as the top American agent of the English Rothschilds.
By the turn of the century J. P. Morgan was already an old hand at creating artificial panics. Such affairs were well co-ordinated. Senator Robert
Owen, a co-author of the Federal Reserve Act, (who later deeply regretted his role), testified before a Congressional Committee that the bank he owned
received from the National Bankers' Association what came to be known as the "Panic Circular of 1893." It stated: "You will at once retire
one-third of your circulation and call in one-half of your loans…
Historian Frederick Lewis Allen tells in Life magazine of April 25, 1949, of Morgan's role in spreading rumors about the insolvency of the
Knickerbocker Bank and The Trust Company of America, which rumors triggered the 1907 panic. In answer to the question: "Did Morgan precipitate the
panic?" Allen reports:
"Oakleigh Thorne, the president of that particular trust company, testified later before a congressional committee that his bank had been
subjected to only moderate withdrawals … that he had not applied for help, and that it was the [Morgan's] 'sore point' statement alone that had
caused the run on his bank. From this testimony, plus the disciplinary measures taken by the Clearing House against the Heinze, Morse and Thomas
banks, plus other fragments of supposedly pertinent evidence, certain chroniclers have arrived at the ingenious conclusion that the Morgan interests
took advantage of the unsettled conditions during the autumn of 1907 to precipitate the panic, guiding it shrewdly as it progressed so that it would
kill off rival banks and consolidate the preeminence of the banks within the Morgan orbit."
The "panic" which Morgan had created, he proceeded to end almost single-handedly. He had made his point. Frederick Allen explains:
"The lesson of the Panic of 1907 was clear, though not for some six years was it destined to be embodied in legislation: the United States
gravely needed a central banking system…"
And the second dealing with the mechanisms at work behind the 1929 stock crash;
When the Federal Reserve System was foisted on an unsuspecting American public, there were absolute guarantees that there would be no more boom
and bust economic cycles. The men who, behind the scenes, were pushing the central bank concept for the international bankers faithfully promised that
from then on there would be only steady growth and perpetual prosperity. However, Congressman Charies A. Lindberg Sr. accurately proclaimed:
"From now on depressions will be scientifically created."
Using a central bank to create alternate periods of inflation and deflation, and thus whipsawing the public for vast profits, had been worked out by
the international bankers to an exact science.
Having built the Federal Reserve as a tool to consolidate and control wealth, the international bankers were now ready to make a major killing.
Between 1923 and 1929, the Federal Reserve expanded (inflated) the money supply by sixty-two percent. Much of this new money was used to bid the stock
market up to dizzying heights.
At the same time that enormous amounts of credit money were being made available, the mass media began to ballyhoo tales of the instant riches to be
made in the stock market. According to Ferdinand Lundberg:
"For profits to be made on these funds the public had to be induced to speculate, and it was so induced by misleading newspaper accounts, many of
them bought and paid for by the brokers that operated the pools…"
The House Hearings on Stabilization of the Purchasing Power of the Dollar disclosed evidence in 1928 that the Federal Reserve Board was working
closely with the heads of European central banks. The Committee warned that a major crash had been planned in 1927. At a secret luncheon of the
Federal Reserve Board and heads of the European central banks, the committee warned, the international bankers were tightening the noose.
On October 24, the feathers hit the fan. Writing in The United States' Unresolved Monetary and Political Problems, William Bryan describes what
"When everything was ready, the New York financiers started calling 24 hour broker call loans. This meant that the stockbrokers and the customers
had to dump their stock on the market in order to pay the loans. This naturally collapsed the stock market and brought a banking collapse all over the
country because the banks not owned by the oligarchy were heavily involved in broker call claims at this time, and bank runs soon exhausted their coin
and currency and they had to close. The Federal Reserve System would not come to their aid, although they were instructed under the law to maintain an
The investing public, including most stock brokers and bankers, took a horrendous blow in the crash, but not the insiders. They were either out of the
market or had sold "short" so that they made enormous profits as the Dow Jones plummeted. For those who knew the score, a comment by Paul Warburg
had provided the warning to sell. That signal came on March 9, 1929, when the Financial Chronical quoted Warburg as giving this sound advice:
"If orgies of unrestricted speculation are permitted to spread too far . the ultimate collapse is certain … to bring about a general depression
involving the whole country."