coleman-the-rothschild-dynasty

The Rothschild Dynasty 165
national banks and trust companies, and through them controlled
the New York Federal System. . . It is essential in order to control
at will the expansion and contraction of credit that there be some
supreme authority with the power to increase or decrease at will
the volume of money in circulation.
Prior to the regime of the Rothschilds this power resided in the
kings and emperors of the world, for they were then the supreme
authority. In our country (the United States) our National
Constitution vested this power (solely) in the Congress of the
United States. . . Under the Rothschild influence the banking
systems of the world were all radically changed. The supreme
authority for the issue of money, as well as to extend credit, was
transferred by the various governments to the bankers of their
respective countries. The Bank of England became the model for
other central banks of the world. At the time of the establishment
of the Federal Reserve System, our government was the only one
of any consequence that even pretended to exercise its sovereign
right to issue and control the volume of money in circulation. The
establishment of the Federal Reserve System brought about a
complete surrender to the banking fraternity of the sovereign
power of the American people to regulate values through their
congressional representatives, as guaranteed to them by their
national Constitution.
The panic of 1907 was, like all our other panics, a manipulated
one. It was brought about by the refusal of the reserve bank of
New York to pay currency to their country bank depositors,
which in turn made it necessary for these banks to refuse to pay
their depositors in currency. It was therefore due primarily