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TESTIMONY OF JONATHAN MAY
Jonathan May formerly worked for the International Monetary Fund in
England. In the early 1980s he came to America with a plan to release
Americans from debt to the banking system by employing the same
"credit creating" system used by international banking. The law
governing this system is the Uniform Commercial Code (UCC). May was
initially successful. Eventually, however, he was targeted and
imprisoned by the banking system. He is now in a Federal prison in the
midwest. While in prison he was interviewed by Lindsey Williams via
phone. The following is the text of that interview.
"There are thirteen families which effectively control the central
banks of the hard currency countries of the world. The hard currency
countries are those whose currency is not allowed to fluctuate as much
as the other countries' currency fluctuates. These thirteen families
have the control of the policy-making and decision-making of the
central banks of
those countries. They all practice fractional reserve banking.
Fractional reserve banking has allowed the central banks to permit the
prime banks to lend up to twenty-six units of currency for every one
unit of currency they have on deposit. The owners andcontrollers of
the prime banks are the same people who own and control the central
banks.The initial final stage of System 2000 was put into effect in
the mid-seventies. System 2000 is the global creditors unilateral
totalitarian plan for the control of the world.
A Pentagon official and three other U.S. government officials went to
the Prime Minister of Nigeria. They paid him $50,000,000 to more than
double the price of body light crude oil. This is the crude oil of
Nigeria which is some of the most valuable crude oil in the world. At
the same time that the Prime Minister of Nigeria was being persuaded,
other Trilateral Commission members were in the Middle East persuading
the Middle East nations and England to consolidate OPEC. The deal cut
with the Middle East oil producers was that the oil buyers were
to pay significantly higher prices for oil if the Middle East nations
would invest the revenues in the big banks in America.
Sheik Yamani's nephew assured us that Sheik Yamani and other oil
min-isters did not know until late in the seventies or in the eighties
that the controlling interest of the prime banks is held by the same
people who have the controlling interest in the major oil companies.
They control through a joint stock trust which was set up by the
original Rockefellers here in America in 1870. This was three years
before the United States government declared joint stock trusts
illegal in 1873. It is this entity which is the ultimate controlling
factor in America of the prime banks, the Federal Reserve, the major
oil companies, and many other multi-nationals. This trust is in joint
control of the Rockefeller Foundation and their European interest.
The deal cut with the Saudis, the Kuwaitis, and the middle eastern
peoples was that they were to put their money in the prime banks in
America. They did not know that the prime banks were able to lend
twenty to one. All they were to receive was the interest on the money
they deposited for between ten to thirty years. They were to receive
the principal at the end of the term.
Because they had locked-in deposits from the Middle Eastern nations,
the banks were able to make loans to the Third World nations. The
banks relied on the greed of those ministers of those Third World
nations to mis-handle the money. Over the years, that manipulated
greed has caused those countries to be in the bankrupt position they
are in today.
In 1981, I found out that the Hunt brothers of Texas and John
Conley,the Governor of Texas, who was also the Under Secretary of the
Treasury, hadsecretly tried to implement a new currency for Texas.
They could legally dothis because Texas is only a part of the United
States by treaty. Thistreaty is automatically renewed every year. It
has become a tradition, obviously, that it is renewed every year
because it is not actually, physically, renewed every year. This made
it possible for Texas to create its own money.
The Hunts were in partnership with the Shah of Iran, a German bank,
and an Austrian bank. The Hunts made one mistake. They were buying and
sell-ing silver irresponsibly. They had one man doing both buying and
selling on the same floors in all the exchanges. Wor got out and the
result was that the German banker was murdered, the Ausrtrian banker
was so badly beaten that he will never get out of a mental
institution, and the Hunts are virtually bank-rupt today. The Hunts
had sixteen billions
in worth at the time. The Shah was perfectly healthy when he left
Iran. He was only declared sick when he arrived in America. He was
held in "protective custody" in military bases where he was treated
and became progressively worse and ultimately was shipped off to die.
In 1983, we became aware of the fact that a group of very, very quiet
bank holding companies were extending credit wherever they felt like
it, under whatever terms they felt like. They are authorized under
Regulation Y, Section 225.4 of the United States Code to extend this
credit. Those companies were receiving loans from the prime banks.
With this money they were buying foreclosed real property and
businesses with bricks and mortar from liquidations, foreclosures and
These were bussinesses which were affected by FDIC and FSLIC
foreclosures. We could not understand this, and between 1983 and 1985
we researched it and still could not understand it.
Then we found the answer in 1985 when we were approached by an
emissary from President Marcos of the Philippines and President
Saharte and others from Indonesia. They had a severe problem. Their
problem was that, having borrowed all the money that they had
borrowed, they now needed more money. The only way that the
International Monetary Fund was prepared to lend them more money was
if they would do three things:
1. Eliminate their own currencies and become Dollar denominated. This
would eliminate cash altogether.
2. If they would go to a unilateral centralized credit card system.
This was to be a part of their Social Security system, part of their
identity system whereby everybody in the country would have a Social
Security number which would be synonymous with a credit card number.
Their Central Bank was to act as the wholesaler for credit which was
extended to it by the new super bank. This was announced by Paul
Volker on the 27th of October, 1985.
3. In order to help the economies of those countries, the
International Monetary Fund was going to nominate external non-
domestic corporations to properly engineer, exploit and excavate the
minerals from those countries in return for PERPETUAL ROYALTIES.
This excavation would bring prosperity to the nation. Marcos was sharp
enough to pick up on the word PERPETUAL, and realized he would be
signing away the sovereignty of his nation. He was not prepared to do
this. Marcos approached us through his emissary, Colonel Christopher
Banis. We were aware of this offer made by
the International Monetary Fund through our connections in London who
are close to Sir Jeffrey Howe. If they agreed to the International
Monetary Fund's terms and conditions, they were to have their existing
debts forgiven, absolutely. New lines of credit were to be extended to
them and the new lines of credit were to be under better terms and
When we heard the term PERPETUAL, and when we heard the words "Totally
forgiven", we immediately began to recognize what was
happening.Another group of holding companies was operating with the
previous group of holding companies. The second group of holding
companies was receiving credit from the first group to purchase assets
and liabilities from the prime banks. The only liabilities they were
purchasing were the liabilities represented by the deposits of the
Arab nations. The only
assets they were buying were the assets represented by the loans made
to some of the debtor nations.
It then became clear, through our own people in the Trilateral
Com-mission, that the forgiveness of the Third World debts would
eliminate the assets which were being purchased by this second group
of holding companies. This left them only with the liabilities that
were owed to the Middle East nations and being serviced by the prime
banks.The Arab nations had no idea that these liabilities were now
owed by the holding companies and that the debtor nations had stopped
paying the prime banks. The prime banks' and holding companies'
arrangements were that the prime banks were to act as servicing agents
for the holding
companies so that the Third World nations would not know that the
holding companies were owed the money.
The effect of the elimination of the assets of the second group of
holding companies is threefold:
1. The holding companies would be insolvent and would legally be able
to declare themselves insolvent.
2. They could legally and legitimately avoid payment to the Middle
3. The Middle Eastern Arab nations will have to liquidate all their
These assets are represented by U.S. corporate ownership
and many billions of dollars worth of U.S. stock. The effect of the
Saudis and Kuwaitis and the Middle Eastern people's sale of even 25%
of their total holdings on the U.S. market would be absolutely chaotic
in terms of the stock market, real estate and everything else.The
catastrophic effect has been designed to throw the American stock
market, the American corporations, the American real estate, and
people in general into a state of confusion. The plan is that this
state of con-fusion will begreated with the salvation of the
benevolent bankers on three fronts:
1. They propose to eliminate cash because of the collapse.
2. Stop drug trafficking because the drug traffickers would now have
no money to use.
3. Stop tax cheating.
NOBODY CAN ARGUE WITH ANY OF THESE REASONS. It is at this point that
they intend to implement a mandatory credit card identity Social
Security government. There will be an I.D. card
which will be satellite linked through the "Star Wars program".
Only 40% of "Star Wars" has anything to do with defense. 60% is
designed for transmission of banking information instantaneously to
the central banks which will be the super banks into which all the
major banks of the world will be linked. The super bank is to be the
wholesaler and the prime banks are to be the retailers in the foreign
countries that have capitulated to the International Monetary Fund's
It inly takes 5% of the total debtor nations to equal all of the
deposits of the Saudis that are in the banks. The reason for this is
the twenty-to-one ratio of fractional reserve banking. In works in
contrary reverse. It doesn't take many nations to agree to the
International Mon-etary Fund's proposal for the total volume of money
owed to equal the total volume of money on deposit from the Saudis.
Twenty debtor nations have already agreed to the International
Monetary Fund's proposal.The resultant collapse of the second group of
holding companies will
precipitate the Saudis' and Kuwaitis' liquidation of assets.
When the second group of holding companies are unable to pay the
private group of bank holding companies the money they owe them from
the credit extended to them to buy the assets and liabilities, it will
precip-itate those bank holding companies inability to pay the loans
extended to them by the prime banks to buy the foreclosed land which
was used as collateral to secure those loans. Ultimately, the prime
banks will end up with all the properties.
President Garcia of Peru announced in February of this year that they
were absolutely not going to pay the International Monetary Fund.
Rockefeller himself went to Peru in February of 1986. Rockeffeler
personally made the offer to Garcia of the three-point proposal which
was mentioned earlier. Garcia told David that if he wasn't out of the
country in twenty-four hours that he would have him arrested for
You will see the foreclosures on real property in America stepped up
drastically by the FDIC and FSLIC. They are using gangsteristic
tactics to achieve their objective for their masters.
Since the advent of the manipulation of the oil producing countries to
sell all their oil in U.S. dollars, the entire world trade is now
denom-inated in U.S. dollars because of the volitility of all the
other currencies. The entire trading volume of the world will be
totally and absolutely beholden to the super banks. When System 2000
is put into effect, the super banks will be the only source of "U.S.
Dollars" credit. There will be no cash."
John Galt says 'FOLLOW THE HUNT FAMILY OF TEXAS'
thirteen families effectively control the central banks
by slave Monday, Apr. 10, 2006 at 8:52 PM
NEW WORLD ORDER
thirteen families effectively control the central banks of all the
hard-currency countries. These "control banks" all practice FRACTIONAL
RESERVE BANKING, which is perfectly legal in the US. Fractional
reserve banking means that the bank is only required to hold on hand
the small fraction of money (5%) that is needed to cover the fraction
of deposits likely to be drawn upon and cashed. Moneys deposited in
accounts go into a reserve upon which credit can be issued. In the US
credit can be issued to seven times the reserve, in international
banks (off shore establishments) twenty times the reserve can be
issued as credit. It is imp[ortant to understand this concept in order
to understand the larger picture.
In the mid 1970s, the final phase of System 2000, a "global creditors'
unilateral totalitarian plan" was put into effect. A Pentagon official
and three other US officials went to the Prime Minister of Nigeria and
offered him fifty million dollars in cash to double the price of light
crude oil. Nigeria is one of only two countries in the world that
produce light crude, which is an extremely pure form of oil whose
price sets the standard for all other forms of crude oil.
Armed with the knowledge that, because of their deal with Nigeria, the
price of Mid-east oil was about the skyrocket, the international
bankers went to the Arabs and said, "We will send the price of crude
oil as high as you want if you will promise to invest some of the
money you make in the United States."
Nigeria doubled the price of light crude, the price of oil from the
Mid-east went up and the price of a gallon of gasoline in the United
States jumped to $1.20. (My note: In Italy, where I was living at the
time, it was costing $1 a LITRE after the oil price was sent through
the roof.) Unwittingly, Americans began to finance System 2000 with
every tank of gas they bought.
As the money began to pour into the Arabian countries, the sheiks
fulfilled their promise to invest in the U.S. and began buying stocks,
bonds, and real estate. More importantly, they put their money into
thirty-year timed certificates (drawn up by the international
bankers). Remember that Arabs went from camel-riding nomads to wealthy
international investors in a very short period of time and they had no
grasp of how the banking system worked; in particular, they did not
know about the concept of fractional reserve banking.
The international bankers now had millions of dollars locked into
timed deposits, and they took that money and loaned out TWENTY TIMES
AS MUCH. In 1983, the international bankers created two groups of
holding companies to handle all this Arab money. One of the groups
took the funds coming in from the Arabs and loaned it out to Third
World countries. The purpose of the holding companies, as you will see
later, was to remove the responsibility for the money from the banks
to a less accountable entity.
The international bankers were aware of the fact that most of the
Third World countries knew nothing about running a country or
allocating funds. Most had been colonies of some other nation and had
only recently begun to govern themselves. The bankers were counting on
the Third World countries to squander their money in a short time.
They fully intended for these countries to go bankrupt and to be
unable to pay back their loans.
The Phillipines is one example of what happened to Third World
countries in the next stage of the plan. The international bankers
went to President Marcos and presented him with a way out of the
enormous debt his country faced. They said, "We will forgive your
loans - you'll have to pay none of the principal, none of the interest
- if you will just sign this agreement: 1) do away with its national
currency, 2) go to a debit-card system where each person is assigned a
number and his purchases are debited from his account on a
computerised system and 3) sign over perpetual rights to all natural
resources in the country.
The offer was tempting since it would put much of the labor force back
to work and solve many of the country's economic problems. But Marcos
realised that becasue of the word "perpetual", he was virtually giving
away the sovereignty of his country. He refused to sign the agreement.
Weeks later he wass deposed and his country was torn apart by riots
which Jonathon May says were incited by the internal bankers.
Other countries decided to accept the agreement when it was offered to
them. Recently Brasil, Argentina and other nations have announced that
they do not plan to pay back their loans. They failed to mention that
the loans had been excused in exchange for the rights to their natural
At this point all the dominoes are in place and the international
bankers are ready and waiting for their opportunity to topple them.
HERE IS THE PLAN. When enough of the Third World nations sign the
agreement, saying they are not going to repay the loans they received
from the holding company, the international bankers can declare the
holding company insolvent. (This is where it becomes apparent why the
money was put in holding companies instead of in banks. The holding
companies were designed to go bankrupt.! Chase Manhattan or Chemical
Bank would not have to be sacrified since there were not responsible
for the loans.)
Once the holding companie is declared bankrupt, they can legally avoid
payment to the Arab nations. The international bankers will say,
"Sorry, Arabs. We lost your money. You are broke!" When the Arab
nations realise that all their money is gone, they will immediately
liquidate all of their other assets. They will dump billions and
billions of stocks and Wall Street will collapse. They will put all of
their farmland and real estate on the market and land values will
plummet. Farmers will have no collateral to borrow against to plant
next year's crops and food will become scarce in the grocery stores.
The effect this will have on the American economy will be chaotic.
This catastrophic collapse has been purposely designed to throw the
American people into a state of confusion. Then the benevolent bankers
will step forward saying, "Look what these dirty Arabs have done to
you!" and offer a solution to our problems.
Their solution will be to abolish our currency and institute a new
form of money. Each person then would be issued a government ID number
and would need a debit card to do any business transactions.
Perhaps the biggest shock in May's story is that the "Star Wars"
system is only 40% concerned with defense and 60% concerned with
banking! These "Star Wars" satellites would link the debit system to a
central computer base - a superbank. Transfer of funds between
accounts would be instantaneous and the internal bankers would finally
have complete financial control. May says the debate over "Star Wars"
is all show because the satellites are already in place!
Perhaps the best defense the international bankers have against
protesters is influencing the publics' opinion through the media!!! In
his book, "The Naked Capitalist" Cleon Skousen says that, "Nothing
panics the international establishment like the possibility of a
threatened exposure. Whenever the public has become dangerously aware
of the conspiratorial processes operating around them, the vast inter-
locking power structure of the entire London-Wall Street combine has
immediately shifted into high gear and raced to the rescue. Radio, TV,
newspaper, magazines, government policy makers, college officials and
other opinion molders in high places have all commenced a recitation
of a carefully prepared line designed to pacify the public and put
them back to sleep".
Who actually controls the Federal Reserve? Who are the stockholders of
this private corporation? In a legislative session regarding
abolishing the Fed, the following eight family banks were named as the
owners of the Federal Reserve:
Rothschild Banks of London and Berlin
Lazares Brothers Banks of Paris
Israel Moses Seif Bank of Italy
Warburg Bank of Hamburg and Amsterdam
Lehman Brothers Bank of New York
Chase Manhattan Bank of New York
Kuhn, Loeb Bank of New York
Goldman, Sachs Bank of New York.
In his book, "To Seduce a Nation" Lindsey Williams lists the same 8