TIME EXPIRED, The Biggest Moment in History - The Pure ...

Good News Broadcast Number 010 – TIME EXPIRED – THE BIGGEST MOMENT IN HISTORYagent, J.P. Morgan, had only $19 million in securities in his estate when he died in 1913, and securitieshandled by Morgan were actually owned by his employer, Rothschild."47. Richard Lewinsohn, The Profits of War, E.P. Dutton, 1937After the success of his Waterloo exploit, Nathan Mayer Rothschild gained control of the Bank of Englandthrough his near monopoly of "Consols" and other shares. Several "central" banks, or banks which had thepower to issue currency, had been started in Europe: The Bank of Sweden, in 1656, which began to issuenotes in 1661, the earliest being the Bank of Amsterdam, which financed Oliver Cromwell’s seizure ofpower in England in 1649, ostensibly because of religious differences. Cromwell died in 1657 and the throneof England was re-established when Charles II was crowned in 1660. He died in 1685. In 1689, the samegroup of bankers regained power in England by putting King William of Orange on the throne. He soonrepaid his backers by ordering the British Treasury to borrow 1,250,000 pounds from these bankers. He alsoissued them a Royal Charter for the Bank of England, which permitted them to consolidate the National debt(which had just been created by this loan) and to secure payments of interest and principal by direct taxationof the people. The Charter forbade private goldsmiths to store gold and to issue receipts, which gave thestockholders of the Bank of England a money monopoly. The goldsmiths also were required to store theirgold in the Bank of England vaults. Not only had their privilege of issuing circulating medium been takenaway by government decree, but their fortunes were now turned over to those who had supplanted them. *In his "Cantos", 46; 27, Ezra Pound refers to the unique privileges which William Paterson advertised in hisprospectus for the Charter of the Bank of England:"Said Paterson hath benefit of interest on all the moneys which it, the bank, creates out of nothing."The "nothing" which is referred to, of course, is the bookkeeping operation of the bank, which "creates"money by entering a notation that it has "lent" you one thousand dollars, money which did not exist until thebank made the entry.By 1698, the British Treasury owed 16 million pounds sterling to the Bank of England. By 1815, principallydue to the compounding of interest, the debt had risen to 885 million pounds sterling. Some of this increasewas due to the wars which had flourished during that period, including the Napoleonic Wars and the warswhich England had fought to retain its American Colony.[Footnotes]* NOTE: In the United States, after the stockholders of the Federal Reserve System had consolidated theirpower in 1934, our government also issued orders that private citizens could not store or hold gold.Written By Floyd E. Taylor Page 255