THE UNDERGROUND ECONOMY IS THE ENTIRE ECONOMY

What is really going on in our World Today! What on earth will it take?

  Global Economic Meltdown 2012  600 page document forecasting inflation, banking collapse, oil prices denominated in Rubles and Yuan instead of dollars, new gold back currencies issued, large changes in currency exchange rates, New World Order, Congress abolishes Federal Reserve system. 

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31,000,000 Americans became age 65 in 2011. That has  added $310 billion dollars to the annual budget of the United States not including the cost of Medicare and Medicaid benefits, which young American will have to pay for. It took 198 years for the U.S. Government to borrow the first trillion dollars. Then, in just another 12 years, mostly under the Reagan ministration, it borrowed another three trillion. By the first year of the George W. Bush Administration, even before the terrorist attack on September 11, the federal debt had risen to over $5.8 trillion. By 2010 it had risen to $202 trillion, when all liabilities are included.

  It is difficult to comprehend such numbers. If you had a stack of $100 bills 40 inches high, you would be a millionaire. $202 trillion would rise over 127 thousand miles into space. By the time you read this, after the expenditures of subsequent administrations that stack has reached the moon.

  By 2006, gross interest payments on the national debt were running $406 billion per year. That consumed 17% of all federal revenue. It now represents the governments largest single expense; greater than defense; larger than the combined cost of the departments of Agriculture, Education, Energy, Housing, and Urban Development, Interior, Justice, Labor, State, Transportation and Veteran’ affairs

  These charges are not paid by the government; they are paid by you. You provide the money through taxes and inflation. The cost currently is about $5,000 for each family of four. All families pay through inflation but not all pay taxes. The cost of each taxpaying family therefore is higher. On average over $5,000 is extracted from your family each year, not to provide government services or even to pay off previous debt. Nothing is produced by it, not even roads or government buildings. No welfare or medical benefits come out of it. No salaries are paid by it. The nation’s standard of living is not raised by it. It does nothing but pay interest.

Furthermore the interest is compounded, which means, even if the government were to completely halt its deficit spending, the total debt would continue to grow as a result of interest on that portion which already exists. In 2006 interest on the national debt was already consuming 39% of all the revenue collected by personal income taxes.

  Amazing, isn’t it? Without interest on the national debt we could save enough to cut our personal income taxes by a third and we could reduce corporate taxes as well. Unfortunately, under present policies and programs, that is not going to happen, because Congress does not live within its income. Many expenses are paid, not from taxes, but from selling government bonds and going deeper into debt each year. So, even if we could save enough to slash personal income taxes, it would not be enough. The government would still go into the red to keep its present life style. However if a reduction in the size and scope of the bureaucracy were accomplished at the same time, personal and corporate income taxes could be eliminated and the government would have an annual surplus.

  By 2008, outlays of the federal government were one-fourth of the nation’s economy. More people now work for government than for all manufacturing companies in the private sector. There are more bank regulators than bankers, more farm-bureau workers than farmers, more welfare administrators than recipients. More citizens receive government checks than those who pay income taxes.

  By 2010 the average federal worker was earning 60% more than the average worker in the private sector. By 1992 more than half of all federal outlays went for entitlements

  Normally with contracts for future obligations like private insurance company pension plans, annuities, life insurance, the issuer is required by law to accumulate money into a fund to make sure that there will be enough available to make the payments when future payments become due. The federal government does not does not abide by those laws. The funds exist on paper only. The money that comes in for future obligations is immediately spent and replaced by government IOU. So as those future payments become due, all the money must come from revenue being collected at that time.

  (600 additional pages and 210 items of bibliography available about oil prices, hyper inflation, Economic meltdown of 2011, collapse of banking industry, oil prices denominated in other than dollars,  new gold backed currencies (not the dollar) of two other nations ,  gold prices to $5,000. and describes how the Federal reserve system and fractional banking is the cause of this.

  1/6^th of 1% of the American public now earns more than 50% of the total income of the nations. One in every 2000 people earns as much as the remaining 1999 earn. 7% of the world's populaiton now owns more than half of the earth.

Only corruption can accomplish that.  It has nothing to do with capitalism or democracy, which we do not have. Our Government is a republic. The one’s the people elect to make the laws make the laws. The people do not. The ones the people elected, represent the 1% that paid the campaign funds for their election costs. Those who pay the election costs pay them for both parties.

  A banking crisis and massive bailouts have already come to pass. The still unfolding scenario includes hyperinflation. collapse of the economy, a new global currency, domestic violence, U.N. "Peacekeeping" forces in the U.S. , and the arrival of high-tech feudalism. Details at page 537 to 564.

There is no optimistic scenario. Events have progressed too far for that. Even if we begin to turn things around by forcing Congress to cut spending and reduce the debt and disentangle from UN treaties, The Cabal will not let go without a ferocious fight. When the Second Bank of the United States was struggling for its life in 1834 Nicholas Biddle, who controlled it, set about to cause as much havoc in the economy as possible and then to blame it on President Jackson's anti-bank policies. By suddenly tightening credit and withdrawing money from circulation, he triggered a full scale national depression. At the height of his attack, he declared; "All other banks and all the merchants may break, but the Bank of the United States shall not break." The amount of devastation that could be caused by today's Federal reserve is infinitely greater than what Biddle as able to unleash. It would be pure self-deception to think that the Cabal would give up its power without exercising that option. We must conclude that no one is going to get out of this unscathed. There is hell to pay, and it is we who are going to pay it.

What has this go to do with the Federal Reserve System? The answer is that the Federal Reserve is the starting point of the pessimistic scenario. The chain of events starts with fiat money created by the central bank which leads to government debt, which causes inflation, which destroys the economy, which impoverishes the people, which provides an excuse for increasing government power, which is an on going process culminating in totalitarianism. Eliminate the Federal Reserve from this equation and the pessimistic scenario ceases to exist. That is the seventh and final reason to abolish the Fed. It is an instrument of totalitarianism.

Is it realistic to realistic to believe that the current trends can actually be reversed ? Isn't it just fantasy to think that anything can be done at the late date to break the CFR 's hold over government, media, and education? Do we really expect the gum chewing public to go upstream against the indoctrination of newspapers, magazines, television and movies? The battle has progressed far and our position is not good. if we are to reverse the present trends we must be prepared to make a Herculean effort. If you want to know what must be done, first read pages 567 to 572. So much for things not to do. There are certain things that must precede abandonment of the Fed if we are to have a safe passage. Read pages 573 to 588 

Additional viewing on your computer of a two hour and 8 minute video with a synopsis of this materials, will be provided free.

THRIVE is an unconventional documentary that lifts the veil on what's REALLY going on in our world by following the money upstream -- uncovering the global consolidation of power in nearly every aspect of our lives. Weaving together breakthroughs in science, consciousness and activism, THRIVE offers real solutions, empowering us with unprecedented and bold strategies for reclaiming our lives and our future. 

Funded at a cost of three million dollars

  Describes the Global Economic meltdown of 2012

INTERVIEWS in THRIVE

Duane Elgin, Nassim Haramein, Steven Greer, Jack Kasher, Daniel Sheehan, Adam Trombly, Brian O'Leary, Vandana Shiva, John Gatto, John Robbins, Deepak Chopra, David Icke, Catherine Austin Fitts, G. Edward Griffin, Bill Still, John Perkins, Paul Hawken, Aqeela Sherrills, Evon Peter, Angel Kyodo Williams, Elisabet Sahtouris, Amy Goodman, and Barbara Marx Hubbard.

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Describes the Global Economic Meltdown of 2012

For additional free video programs on this subject visit http://PeterPalms.com
Proceed to BENEATH THE TEXT:  “MATTERS OF GREAT PUBLIC INTEREST

  * Cyber War , for which there is no Defense, Replaces Nuclear War
By Richard Clarke, White House Counter-terrorist staff (for 4 years)
http://www.c-spanvideo.org/program/293380-1

 * Interplanetary Internet Network
Vice President of Google, Vince Serf addressing
National Aeronautical & Space Administration Information Summit Meeting
http://www.c-spanvideo.org/program/295077-1

 Who now owns United States Government
1/6 of 1% of American Population now receives 50% of total annual income of the United States
http://www.c-spanvideo.org/program/295077-1

  * 10,000,000 Americans loose their homes through foreclosures, unable to pay deliberately exaggerated overvalued mortgages. 10,000,000 Americans loose their homes through foreclosures. Bond Rating agencies over value them by changing the formula for appraisal valuation increases equivalent to perpetual annual  5% valuation increases in the economic values without further requirement of increasing incomes within the economy; add home owners credit card bills and home improvements to the mortgage to induce home owners to refinance; encourage home owners to overstate income earnings, without verification, to qualify the home owner; then combine parts of each mortgage with hundreds of others and sell them as a CDO (Collateral Debt Obligation) rated triple A, by the largest financial firms in America, to city governments world wide who did not understand what they were buying, and you create a Global Economic Meltdown and bankrupt cities. No one can identify who owns the mortgage, prevents foreclosures  1 hour video by CNBC 's David Faber
http://www.cnbc.com/id/15840232/?video=1145392808&play=1

 Anti Counterfeiting Trade Agreement

I. WHAT CREATURE IS THIS

 What is the Federal Reserve System? The answer may surprise you

It is not federal and there are no reserves. Furthermore the Federal Reserve Banks are not even banks. The key to this riddle is to be found, not at the beginning of the story, but in the middle. Since this is not a textbook, we are not confined to a chronological structure. The subject matter is not a curriculum to be mastered, but a Mystery to be solved. So let us start where the action is.

1. THE JOURNEY TO JEKYLL ISLAND                                                                   page 3

The secret meeting on Jekyll Island in Georgia at which the Federal 
Reserve was conceived; the birth of a banking cartel to protect its 
members from competition; the strategy of how to convince Congress 
and the public that this cartel was an agency of the United States 
government Chapter content:

            Concentration of Wealth

            Destination Jekyll Island

            The Story Is Confirmed

            The Structure was Pure Cartel

            The Specter of Bank failure

            Currency Drains

            A  Bankers’ Utopia

            The Cartel Adopts a Name

            The Message Was Plain for Those Who Understood

            Myth Accepted as History

            First Reason to Abolish the System

            Summary

2. THE NAME OF THE GAME IS BAILOUT                                                    page 25

The analogy of a spectator sporting event as a means of explaining the rules by which taxpayers are required to pick up the cost of bailing out the banks when their loans go sour Chapter content

                        Rules of The Game

                        The Perpetual-Debt Play

                        The Debt Roll-over Play                      

                        The Up-The-Ante Play

                        The Rescheduling Play

                        The Protect-The-Public Play

                        The Guaranteed-Payment-Play

                        Prosperity through Insolvency

                        The FDIC Play

                        Real Insurance Would Be A Blessing

                        The FDIC Will Never Be Adequately Funded

                        Summary

3. PROTECTORS OF THE PUBLIC                                                                  Page 41

The Bailout game as applied to real life in Penn Central, Lockheed, New York City, Chrysler, Commonwealth Bank of Detroit, First Pennsylvania Bank, Continental Illinois, ; and beginning in 2004 literally all major banks, AIG , automobile companies, and even banks in other nations. Chapter content examples of previous bailouts

                        Penn Central

                        The Public Be Damned

                        Lockheed

                        New York City

                        Chrysler

                        Commonwealth Bank of New York

                        First Pennsylvania Bank

                        Continental Illinois

                        World’s First Electronic Bank Run

                        The Final Bailout Package

                        Small Banks Be Damned

                        The Sub Prime Meltdown

                        Collapse of the House Of Cards

                        $799 Billion Bank bailout (Or Was It $5 trillion ?)

                        Billions for the Auto Makers

                        Taxpayers Pay To Send Their Jobs Overseas

                        Merrill Lynch: A Gift to Bank of America

                        An Icon for Conflict of Interest

                        Bonuses become a Distraction

                        The Repayment Scam

                        Nationalization becomes A Reality

                        The System Already Is Global                

The Saga Continues

                        Second Reason to Abolish the Federal reserve system

                        Summary

4. HOME SWEET HOME                                                                                      page  67

The history of increasing government intervention in the housing industry; the stifling of free-market forces in residential real estate; the resulting crisis in the S&L industry; the bailout of that industry with money taken from the taxpayer.

                        Socialism Takes Root in America

                        A House on Every Lot

                        Abandonment of the Free Market

                        Insurance for the Common Market

                        Full faith and Credit

                        An Invitation to Fraud

                        The Fallout Begins

                    The FED Usurps the Role of Congress

                        The Estimates Are Slightly Wrong

                        Bookkeeping Slight of hand

                        Accounting Gimmicks are not Fraud

                        Junk Bonds Are Not Junk

                        Capital Growth without Bank Loans or Inflation

                        Real Problem is Government regulation

                        Congress Is Paralyzed With Good reason

                        A Cartel Within A Cartel

                        Summary

5. NEARER TO HEART’S DESIRE                                                                        page 85

The 1944 meeting in Bretton Woods, New Hampshire, at which the worlds most prominent socialists established the International Monetary Fund and the World bank as mechanisms for eliminating gold from world finance; the hidden agenda behind the IMF/World Bank revealed as the building of world socialism; the role of the Federal reserve in bringing that about

                        BRETTON WOODS: An Attack on Gold

                        The Fabian Society

                        Communist Moles

                        IMF Structure And Funding

                        Paper Gold

                        Gold Is Finally Abandoned

                        Trade Deficits

                        Counterfeit options

                        IMF Loans: Doomed But Sweet

                        The Hidden Agenda: World Socialism

                        Austerity Measures and Scapegoats

                        Financing Corruption and Despotism

                        Financing Famine and Genocide

                        Reason To Abolish The Federal Reserve

                        Getting Rich Fighting Poverty

                        Converting Money into failure

                        Summary

6. BUILDING THE NEW WORLD ORDER,                                                     page  107

The Game-Called-Bailout reexamined and shown to be far more than merely a means of getting taxpayers to foot the cost of bad loans; the final play revealed as the merger of all nations into world government; the unfolding of that strategy as applied in Panama , Mexico , Brazil , Argentina , China , Eastern Europe , and Russia

                        The Final Play

                        Council on Foreign relations Sets Strategy

                        A Rare Glance at the Inner Workings

                        Panama

                        Mexico

                        Currency Swap

                        Debt Swap

                        IMF becomes Final Guarantor

                        Brazil

                        Argentina

                        The Need for Convergence

                        The Great Deception

                        Communists Become Social Democrats

                        Eastern Europe

                        Russia

                        Business ventures in Russia Insured by U. S.

                        The Conspiracy Theory

                        Summary

II A CRASH COURSE ON MONEY                                                                 page   133

The eight chapters contained in this and the following section deal with material that is organized by topic , not chronology. Several of them will jump ahead of events that are not covered until later. Furthermore, the scope is such the reader may wonder what, if any, is the connection with the Federal reserve System. Please be patient. The importance will eventually become clear. It is the author’s intent to cover concepts and principles before looking at events. Without this background, the history of the Federal Reserve is boring, with it, the story emerges as an exciting drama which profoundly affects our lives today. So let us begin this adventure with a few discoveries about the nature of money

            7. THE BARBARIC METAL                                                               Page     135

The history and evolution of money; the emergence of gold as the universal money supply; the attempts by governments to cheat their subjects by chipping or debasing gold coins, the reality that any quantity of gold will suffice for a monetary system and that “more money” does not require more gold.

                        What is Money?

                        A Working Definition

                        Barter (Pre-Money)

                        Commodity Money

                        Metals as Money

                        The Supremacy of Gold

                        The Misleading Theory of Quantity

                        Gold guarantees Price Stability

                        Cigarettes as Money

                        Natural law No 1

                        Expanding the Money Supply by Coin Flipping

                        Gold is the enemy of the Welfare State

                        Real Commodity Money is History

                        Bad Commodity Money in History

                        Receipt Money

                        Natural Law No. 2

                        Summary

            8. FOOL’S GOLD – FRACTIONAL RESERVE BANKING             Page      155

The history of paper money without precious-metal forces on the public by government decree; the emergence of our present day fractional-reserve banking system based upon the issuance of a greater amount of receipts for gold than the bank has in gold to back them up

                        Fiat Money

                        The Colonial Experience

                        A Classic Pattern

                        The Printing Press and Inflation

                        A Blessing in Disguise

                        Tobacco Becomes Money

                        War brings a return of Fiat Money

                        And A Massive Inflation

                        Inflation is a Hidden tax

                        Enter Price Controls and Legal tender laws

                        Enter Economic Chaos and Insurrection

                        Natural law No. 3

                        Fractional Money

                        Deposits are not available for Lending

                        Fractional Reserve Banking

                       Creating Money Out of Debt

                       Natural economic Law No 4

                       Summary          

            9. THE SECRET SCIENCE                                                               Page        171

The condensed history of fractional reserve banking; the unbroken record of fraud, booms, busts ,and economic chaos; the formation of the Bank of England, the world’s first central bank, which became the model for the federal reserve System

                        The Bank of Venice

                        The bank of Amsterdam

                        The Bank of Hamburg

                        Early Banking in England

                        The Bank of England

                        The Secret Science of Money

                        From Inflation to bank Runs

                        The Pattern of Protection was set

                        Booms and Busts Now Guaranteed

                        In defense of the Gold Standard

                        Depression and Reform

                        The Roller Coaster Continues

                        The Mechanism Spreads to Other Countries

                        Summary

           10. THE MANDRAKE MECHANISM                                                Page     185

The method by which the Federal reserve creates money out of nothing; the concept of usury as the payment of interest on pretended loans; the true cause of the hidden tax called inflation; the way in which the Fed creates boom-bust cycles.

                        The Federal Reserve is candid

                        Money would vanish without debt

                        What’s wrong with a Little Debt?

                        Third Reason to Abolish the System

                        Who Creates the Money to Pay the interest

                        Understanding the Illusion

                        The Mandrake Mechanism: An overview

                        The Discount Window

                        The Open market Operation

                         Reserve Ratios

                        National debt Not Necessary for Inflation

                        Taxes Not Even necessary

                        Fourth reason to Abolish the System

                        A Tool for Social Planning

                        Redistribution of wealth

                        Expansion leads to contraction

                        Summary                     

III . THE NEW ALCHEMY                                                                         Page           215

The ancient alchemists sought in vain to convert lead into gold. Modern alchemists have succeeded in that quest. The lead bullets of war have yielded endless sources of gold for those magicians who control the Mandrake mechanism. The startling fact emerges that , without the ability to create printed fiat money, most  modern wars simply would not have occurred. As long as the mechanism is allowed to function, future wars are inevitable. This is the story of how that came to pass.

            11. THE ROTHSCHILD FORMULA                                              Page         217

The rise of the House of Rothschild in Europe ; the tradition among financiers of profiting from both sides of the armed conflict; the formula by which war is converted into debt and debt converted back into war

                        The Profits of War

                        The Rothschild Dynasty

                        A Fortune in Smuggling

                        Napoleon VS The Bankers

                        A Plan to destroy The United States

                        Gold for the Duke of Wellington

                        The Battle of Waterloo

                        Sidonia

                        The Formula

                        Perpetual War in Eighteenth Century England

                        Summary

            12 SINK THE LUSITANIA                                                                                  Page    235

The role of J.P. Morgan in providing loans to England and France in World War I; the souring of these loans as it became apparent that Germany would win; the betrayal of a British ship and the sacrifice of American passengers as a stratagem to bring America into the war; the use of American taxes to pay off the loans

                        An investment in War

                        German U-Boats Almost Won the War

                        Colonel House

                        A Secret Agreement to get the U.S. into War

                        Selling war to the American people

                        Morgan control over Shipping

                        The Lusitania

                        Churchill Sets a trap

                        A Floating Munitions Depot

                        The Final Voyage

                        A Mighty Explosion, A watery Grave

                        A Hurried Cover-Up

                A Cry for War

                Summary

13. MASQUERADE IN MOSCOW                                                              Page      263

The secret society founded by Cecil Rhodes for the purpose of world domination; the establishment in America of a branch of that group called the Council on Foreign relations; the role played by financiers within these groups in financing the Russian revolution; the use of the red cross mission in Moscow as a cover for the maneuver.

                        Trotsky was a multiple Agent

                        The Secret Society

                        Ruskin, Rhodes, And Milner

                        The Pattern of Conspiracy

                        Round table Agents in Russia

                        An Object lesson in South Africa

                        Placing Bet on All Horses

                        British Agent of the Round table

                        American Agent of the Round Table

                        Summary

            14. THE BEST ENEMY MONEY CAN BUY                                 Page     295

The coup d’etat in Russia in which the Bolshevik  minority seized control from the revolutionary majority; the role played by New York financiers, masquerading as red cross officials, in supporting the Bolsheviks; the unbroken record since then of American assistance in building Russia’s war-making potential; the emergence of a “creditable enemy” in accordance with the Rothschild Formula

                        Russia ’s two Revolutions

                        Popular Support was not Necessary

                        Notes from Lincoln Steffen’s Diary

                        Wolves behind the Mask

                        Additional Background: The Deaf Mute Blindmen

                        Aside Trip Through World War II

                        The Transfusion Mechanism

                        The new Alchemy

                        The Fifth reason to Abolish the System

                        Summary

IV A TALE OF THREE BANKS                                                              Page      307

It has been said that those who are ignorant of history are doomed to repeat its mistakes. It may come as a surprise to learn that the Federal Reserve System is America ’s fourth central bank, not its first. We have been all through this before and, each time, the result has been the same. Interested in what happened? Then lets set the coordinates of our time machine to the colony of Massachusetts and the year 1690. To activate, turn to chapter fifteen

                 15. THE LOST TREASURE MAP                                                   Page   309

The bitter experience of the American colonies with fiat money; the resolve of the founding fathers to prohibit the new nation from resorting to paper money without backing; the drafting of the Constitution to that end; the creation of a true American dollar; the prosperity that followed

                        Paper Money in the Colonies

                        Wartime Inflation

                        Price Controls and Legal-Tender Laws

                        The Constitutional Convention

                        A Suggestion to your Congressman

                        The origin of the Dollar

                        Bimetallism

                        Free Coinage

                        Sound Money and Economic Prosperity

                        Summary

                 16. THE CREATURE COMES TO AMERICA                               Page   325

The first central bank of North America that was formed before the Constitution was drafted; the story of the First bank of the united states which as formed in 1791, the massive inflation caused by both banks; the causes of their demise

                        Functioned as a Central Bank

                        An End Run around the Constitution

                        The Hamilton Jefferson Conflict

                        America second Central Bank is Created

                        The Creature Comes from Europe

                        Inflation all over again

                        Wildcat banks

                        An instrument of Plutocracy

                        The War of 1812

                        Juggling Tricks and Banking Dreams

                        Summary

        17. THE DEN OF VIPERS                                                                           Page 341

The story of the Second Bank of The United States, the nation’s third central bank, the election of Andrew Jackson on an anti bank platform; the battle between President Jackson and the head of the bank, Nicholas Biddle; the deliberate creation of a depression to frighten the public into keeping the bank; Jackson’s ultimate victory

                  THE SECOND BANK OF THE UNITED STATES
                        THE FIRST BOOM-BUST CYCLE
                       THE CYCLE IS WORSENED BY GOVERNMENT INTERFERENCE
                       THE SUPREME COURT UPHOLDS THE BANK
                       NICHOLAS BIDDLE
                       JACKSON OVERRIDES CONGRESS
                       THE BANK CONTROLLED BY FOREIGN INVESTORS
                        BIDDLE'S CONTROL OVER CONGRESS
                        JACKSON APPEALS DIRECTLY TO THE VOTERS
                        JACKSON REMOVES FEDERAL DEPOSITS
                        BIDDLE DELIBERATELY CREATES MONETARY CHAOS
                        JACKSON IS CENSURED BY THE SENATE
                         BIDDLE DEFIES CONGRESS
                         SOME BAD MIXED IN WITH THE GOOD
                         SUMMARY

        18. LOAVES AND FISHES AND CIVIL WAR                                        Page  361

Attempts to stabilize the banking system by political measures, including regulation of fractional-reserve ratios and establishing bank-failure insurance funds; the failure of such schemes; the resulting economic conditions that led up to Civil War

                     PROPOSAL TO BASE MONEY ON BANK ASSETS
                            PROPOSAL TO PROTECT DEPOSITS WITH A SAFETY FUND
                                 PROPOSAL TO BASE MONEY ON SECURITIES
                       PROPOSAL TO BACK MONEY WITH STATE CREDIT
                       INDUSTRIAL EXPANSION IN SPITE OF DISHONEST BANKING
                             LEGAL PLUNDER, NOT SLAVERY, THE CAUSE OF WAR   
                       SUMMARY The Second Bank of the United States was dead,

         19 GREENBACKS AND OTHER CRIMES                                              Page 377

The causes of the Civil War shown to be economic and political, not the issue of freedom vs, slavery; the manner in which both sides used fiat money to finance the war; the important role played by foreign powers

                         RUSSIA ALIGNS WITH THE NORTH
                                        THE EMANCIPATION PROCLAMATION
                                        RAISING ARMIES ON BOTH SIDES
                                        REBELLION IN THE NORTH
                                        INCOME TAXES AND WAR BONDS
                                        THE GREENBACKS
                                        LINCOLN'S MIXED VIEW OF BANKING
                                        THE NATIONAL BANKING ACT
                                        THE HIDDEN COST OF WAR
                                        LINCOLN'S CONCERN FOR THE FUTURE
                                        WITH MALICE TOWARD NONE
                                         KNIGHTS OF THE GOLDEN CIRCLE
                                         JOHN WILKES BOOTH
                                         SUMMARY

V. THE HARVEST                                                                                     Page 405

Monetary and political scientists continue to expound that theoretical merits of the Federal reserve System. It has become a modern act of faith and economic life that economic life simply could not go on without it. But the time for theory is past. The Creature moved into its final lair in 1913 and has snorted and thrashed about the landscape ever since. If we wish to know if it is a creature of service or beast of prey, we merely have to look at what it has done. And, after the test of those years, we can be sure that what it has done, it will continue to do. Or, to use a biblical axiom, a tree shall be known by the fruit it bears. Let us now examine the harvest.

            20 THE LONDON CONNECTION                                     Page          407

The rise of the House of Morgan; Morgan's ties with England and the House of Rothschild; the connection between the Federal reserve System and the Bank of England; The Fed's decision to inflate American dollars to assist the ailing British economy.

                         AND STILL MORE BOOMS AND BUSTS
                                MORGAN PROSPERS WHEN OTHERS FAIL
                               JUNIUS MORGAN SELECTED BY PEABODY
                               AMERICANIZING THE NEW YORK BRANCH
                                CONCEALED ALLIANCE WITH ROTHSCHILD?
                                RISE OF THE HOUSE OF MORGAN
                                MORGAN AND THE PANIC OF 1857
                                ANTI-SEMITISM WAS PROFITABLE
                                ENGLAND FACES A DILEMMA
                                ENGLAND IN DEPRESSION
                                PROBLEM OF AMERICAN PROSPERITY
                                SECRET MEETING OF 1927
                                BRINGING DOWN THE DOLLAR
                                THE BRITISH-AMERICAN UNION
                                SUMMARY

            21 COMPETITION IS A SIN                                                   Page          431

The story of how the New York investment bankers formed a cartel to avoid competition; the drafting of proposed legislation to legalize that cartel; the strategy to camouflage the true nature of the legislation; the failure of the deception and the defeat of the bell.

                                HALF-WAY HOUSE TO CENTRAL BANKING
                                               TRUSTS AND CARTELS REPLACE COMPETITION
                                               THE ALDRICH-VREELAND ACT
                                               THE JEKYLL ISLAND PLAN
                                               A CENTRAL BANK BY ANY OTHER NAME
                                               THE ALDRICH BILL
                                               TURNING THE OPPOSITION AGAINST ITSELF
                                               THE PUJO COMMITTEE
                                               ENLISTING THE HELP OF ACADEMIA
                                               WILSON AND WALL STREET
                                               OPPOSITION TO THE ALDRICH BILL
                                               SUMMARY

         22 THE CREATURE SWALLOWS CONGRESS                            Page         451

The second attempt to pass legislation to legalize the banking cartel; the bankers' selection of Woodrow Wilson as a Presidential candidate, their strategy to get him elected; the role played by Wilson to promote the cartel's legislation; the final passage of the Federal reserve Act.

    THE BULL MOOSE CANDIDATE
      THE MONEY TRUST THEY LOVE TO HATE
       THE ROLE OF COLONEL HOUSE
       DEATH OF THE ALDRICH PLAN
         THE GLASS—OWEN BILL EMERGES
      BANKERS BECOME DIVIDED
       THE PRETENSE IS DROPPED
        BRYAN MAKES AN ULTIMATUM
        AN AMAZING REVELATION
        BRYAN ENDORSES THE BILL
        SUMMARY

 

            23 THE GREAT DUCK DINNER                                                    Page         471

How Federal Reserve policies led to the crash of 1929; the expansion of the money supply as a means of helping the economy of England; the resulting wave of speculation in stocks and real estate; evidence that the Federal Reserve

                         CONSOLIDATION OF POWER
                                      RETURN OF THE NEW YORK "MONEY TRUST'
                              BAILING OUT EUROPE
                          AGENTS OF A HIGHER POWER
                               FARMERS BECOME DUCK DINNER
                               BUILDING THE MANDRAKE MECHANISM
                               WHEN BANKS BORROW FROM THE FED
                               BANKER'S ACCEPTANCES
                               WARBURG AND FRIENDS MAKE A LITTLE PROFIT
                               CONGRESS SUSPICIOUS BUT AFRAID TO TINKER
                               PAYING FOR WORLD WAR I
                               THE EMERGENCE OF GOVERNMENT DEBT
                               THE "DISCOVERY" OF THE OPEN MARKET
                               DROWNING IN CREDIT
                               BOOMS AND BUSTS MADE WORSE
                               THE ROLLER COASTER
                               SIXTH REASON TO ABOLISH THE FED
                          TULIPOMANIA
                                TULIPS IN THE STOCK MARKET
                           BANKS BECOME SPECULATORS
                                THE FINAL BUBBLE
                                ADVANCE WARNING FOR MEMBERS ONLY
                                A MESSAGE OF COMFORT TO THE PUBLIC
                                THE DUCK DINNER BEGINS
                                NATURAL LAW NO. 5
                                FROM CRASH TO DEPRESSION
                                SUMMARY

VI TIME TRAVEL INTO THE FUTURE                                             Page       505

In the previous sections of this book, we have traveled through time. We began our journey by stepping into the past. As we crisscrossed the centuries, we observed wars, treachery, profiteering, and political deception. That has brought us to the present. Now we are prepared to ride our time machine into the future. It will be a hair-raising trip, as much of what lies ahead will be unpleasant. But it has not yet come to pass. It is merely the projection of present forces. If we do not like what we see, we still have an opportunity to change these forces. The future will be what we choose to make of it.

            24. DOOMSDAY MECHANISMS                                              Page      507

The decline of American prosperity; the increase in the size of the government; the decrease in personal freedom; the growth of taxes; evidence that this is according to a plan by an elite ruling group which hopes to merge the United States into a world government on the basis of "equality" with less developed nations; the environmentalist movement shown to bean outgrowth of that plan.

                         MIRED IN DEBT
                                THE DOOMSDAY MECHANISM
                                WHO OWNS THE NATIONAL DEBT?
                                WHAT DIFFERENCE DOES IT MAKE?
                                THE NEW WORLD ORDER
                                THE REPORT FROM IRON MOUNTAIN
                                A NEW DEFINITION OF PEACE
                                A SOPHISTICATED FORM OF SLAVERY
                                FINDING A CREDIBLE GLOBAL THREAT
                                THE ENVIRONMENTAL-POLLUTION MODEL
                                AUTHENTICITY OF THE REPORT
                                HUMANITY ITSELF IS THE TARGET
                                GORBACHEV BECOMES AN ECOLOGY WARRIOR
                                 U.S. BRANDED AS ECOLOGICAL AGGRESSOR
                                A PLOT FOR ECONOMIC CRISIS
                                SUMMARY

            25. A PESSIMISTIC SCENARIO                                                  Page      537

A banking crisis and massive bailouts have already come to pass. The still unfolding scenario includes hyperinflation, collapse of the economy, a new global currency, domestic violence, U.N. "Peacekeeping" forces in the U.S. , and the arrival of high tech feudalism.

                             A BANKING CRISIS
                                             TO SAVE THE BANKS IS TO SAVE THE WORLD
                                             PANIC AVERTED
                                             A REAL RUN ON THE BANKS
                                             BANK BAILOUT AND MORE INFLATION
                                             NEW MONEY
                                    THE RISE OF REVOLUTIONARY MOVEMENTS
                                             HOMES ARE NATIONALIZED
                                             WAGE-PRICE CONTROLS AND WORK ARMIES
                                             NO TAXES OR INFLATION OR DEPRESSIONS
                                             EFFECT OF "MODEST" 5% INFLATION CONFISCATES 64% EACH GENERATION 1005 LIFETIME
                                             HIGH TECH FEUDALISM
                                             VOICES FROM THE PAST
                                             BACK TO THE FUTURE
                                             THE FUNCTION OF WASTE IN MODERN TOTALITARIANISM
                                             REGIONALISM AS A TRANSITION TO WORLD GOVERNMENT
                                             HOW FIXED IS THE FUTURE
                                             SUMMARY

            26. A REALISTIC SCENARIO                                                  Page      565

What must be done if we are to avert the pessimistic scenario; list of specific measures that must be taken to stop the monetary binge; an appraisal of how severe the economic hangover will be; a checklist for personal survival- and beyond.  
                     
                             SEVENTH REASON TO ABOLISH THE FED
                                    WHAT MUST NOT BE DONE 
                             THE JFK RUMOR 
                             MONETARISTS VS SUPPLY-SIDERS
                                    BALANCED-BUDGET AMENDMENT
                                   A PLAN FOR ELIMINATING THE FED
                                   MEASURING THE SIZE OF THE HANGOVER
                                   BAD, BUT NOT THAT BAD
                                   SOME BAD NEWS AND SOME GOOD
                                   HOW TO PREPARE
                             PROFITING FROM DISASTER
                             A PRO-ACTIVE CRUSADE
                                   WHAT WILL BE REQUIRED FOR VICTORY
                                   CONCLUSIONS AND SUMMARY

APPENDIX

            A. Structure and Function of the Federal Reserve                                         Page      590

            B. 5 Natural Laws of Human behavior in Economics                                     Page      592

            C.  Is M1 Subtractive or Accumulative                                                            Page       594     

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