Eustace-Mullins/442pg-the-sydicate-excellent-must-read - JokeBook

The Genesis of the Syndicate 13
take money from US farmers and make them more dependent on the
government (which the bankers controlled). Small country banks in
the Middle West and West, which had refused to be part of the Federal
Reserve System, were broken. Large banks began calling in loans, and
stocks dropped from 138.12 in 1919 to 66.24 in 1921. Government bonds
plummeted, and banks called in more loans and, when customers could
not pay, seized their assets.
After 1922 the Federal Reserve's profits rose and it was able to lend
ten times more than its reserves. Credit was easily obtained, and between
1923 and 1929 the Federal Reserve expanded money supply by 62%.
Following a bankers' meeting in 1926, the press reported that there were
large profits to be made from the stock market. In July 1927 the New York
Federal Reserve Board met the heads of European central banks at a secret
luncheon. 33 The Federal Reserve Board introduced a cheap-money policy;
it doubled its holdings of government securities, and as a result nearly
$500 million worth of gold moved out of the US to Europe, notably France.
This helped trigger the Depression. Details of the meeting were revealed
in 1928 in the House hearings on the Stabilizing of the Purchasing Power
of the Dollar. On February 6, 1929 Montagu Norman, Governor of the
Bank of England and a close friend of Lord Rothschild who controlled the
Bank of England, visited the US and met Andrew Mellon, the Secretary of
Treasury.
The Federal Reserve Board then reversed its cheap money policy again
and raised the discount rate. In March 1929 Paul Warburg tipped off the
group of families around "Rothschilds." They took their money out of
the stock market and put it into gold and silver. 34 Between 1929 and 1933
the Reserve reduced the money flow by a third. On October 24, 1929 the
New York banking Establishment began calling in loans. Customers had
to sell stock at low prices to pay off loans. Stock prices fell by 90%, US
Securities lost $26b. Thousands of small banks and insurance companies
went bankrupt; many millionaires found they were broke.
At home citizens now depended on the government. Unemployment
was high, there were few job opportunities, and people looked to the
government for handouts. The network of families finally brought
Roosevelt to power in 1932, and people were dependent on Roosevelt's
New Deal program. The Federal Reserve Board - "Rothschilds" - now
ruled America.