The Bankers' Manifesto of 1892 - MUST READ!

BANKERS MANIFESTO

We (the bankers) must proceed with caution and guard every move made, for the lower order of people are already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance.

Organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to control these organizations in our interest or disrupt them.

At the coming Omaha convention to be held July 4, 1892, our men must attend and direct its movement or else there will be set on foot such antagonism to our designs as may require force to overcome.

This at the present time would be premature. We are not yet ready for such a crisis. Capital must protect itself in every possible manner through combination (conspiracy) and legislation.

The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible.

When, through the process of law, the common people have lost their homes,
they will be more tractable and easily governed through the influence of the strong arm
of the government applied to a central power of imperial wealth under the control of the leading financiers.

People without homes will not quarrel with their leaders. History repeats itself in regular cycles. This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism.

The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party.

By thus dividing voters, we can get them to expend their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete actions, we can secure all that has been so generously planned and successfully accomplished.

THE BANKERS’ MANIFESTO OF 1934

Capital must protect itself in every way, through combination and through legislation. Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law, the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of wealth, under control of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an IMPERIALISM of capital to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd. Thus by discrete action we can secure for ourselves what has been generally planned and successfully accomplished.

Originally posted by Cythraul

By thus dividing voters, we can get them to expend their energies in fighting over questions of no importance to us

Originally posted by davion
...

"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill."[4]

Also quoted as: * "This Act establishes the most gigantic trust on Earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized, the people may not know it immediately but the day of reckoning is only a few years removed.... The worst legislative crime of the ages is perpetrated by this banking bill." *

"A radical is one who speaks the truth."[4] * "The Aldrich Plan is the Wall Street Plan. It means another panic, if necessary, to intimidate the people. Aldrich, paid by the government to represent the people, proposes a plan for the trusts instead." - The Aldrich Plan (History of central banking in the United States) was a forerunner to that which spawned the Federal Reserve. *

"To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate..., producing an expansion of credit and a rising stock market; then when ... business men are adjusted to these conditions, it can check ... prosperity in mid career by arbitrarily raising the rate of interest.
It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down.
This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed.
The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage, They also know when to stop panic. Inflation and deflation work equally well for them when they control finance."*

"The financial system [...] has been turned over to the Federal Reserve Board. That board administers the finance system by authority of [...] a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money."

If you were a banker, at the top of the heap, understanding universal directives of mankind, in a world full of vastly uneducated barbarians..

The Bank Meets Its First Crisis

If the economic shocks of World War I brought business and elements of prosperity to the Atlanta Fed, the postwar consequences brought worries and one dramatic test of the Bank’s ability to break the boom-and-bust cycles that had played havoc with the region’s agrarian economy. The disputes between Wellborn and McCord had been settled just in time to leave Wellborn completely in control when the “bubble” of postwar inflation sent prices soaring and then crashing. Wellborn’s daring leadership guided the Bank to one of its finest hours.

The bubble burst spectacularly in the summer of 1920, when cotton dropped from 40 cents a pound to 9 cents in just 60 days. Other commodities followed the same pattern. Cotton growers were caught with their crops in the fields and their market wiped out. It was for just such situations that the Federal Reserve Banks had been created, Wellborn believed, but he never had expected to confront the problem in such proportions. He did not hesitate, however, to put the full resources of the Bank behind the cotton crop of the South and the farmers and bankers who would fail if the crop did. Loans to member banks shot up from an already substantial $88 million earlier in the year to more than $182 million by November. In fact, Wellborn went well beyond the financial resources of the Atlanta Fed in his effort to supply credit...

When Harding continued to criticize the “too lenient” lending policy of the Atlanta Fed, an unrepentant Wellborn replied on December 23: “Your Board, it seems to me, is laboring under an error in thinking that it is our policy ‘to carry loans indefinitely for member banks until cotton reaches a price that is satisfactory to the producers’. . . . [O]ur policy is merely to give them reasonable time to find a market in these disturbed times, in order to keep them from ‘dumping’ their products on the market at one time. To do otherwise at this critical time would force a disaster upon our agricultural and business interests that might perhaps have the effect of bringing on a state of panic and bankruptcy.”


Wellborn’s strategy worked. The price of cotton rebounded to 20 cents a pound by September 1921, and the Atlanta Bank retired its borrowings from Cleveland by April of that year. The crisis passed. The prestige of both Wellborn and the Bank increased greatly as a result of such strong support for District enterprises. There was now a growing, grateful group of member banks, convinced of the value of membership. Nationwide, there were about 30,000 commercial banks in 1921, one-third of which were members. Of the 505 failures that year, though, 71, or only 14 percent, were member banks. Thus, in the eyes of many, the System was vindicated.

Originally posted by Loki
Compare this to a real legal document from the 1890s and you will find that it does not mesh either in language or composition.

Sorry but I call hoax.

"This Act establishes the most gigantic trust on Earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized, the people may not know it immediately but the day of reckoning is only a few years removed.... The worst legislative crime of the ages is perpetrated by this banking bill."

Originally posted by HunkaHunka
I mean.. it's logical! So it must be true!

Originally posted by counterterrorist
great post! keep up the great work! -- and watch out for the disinfo folks who will try to disrupt and distract, thanks again.

Originally posted by tyranny22
WOW. Sounds a lot like what's going on today.

Do you think this could have been in the works for this long?