Who is above governments? God, you will say. This is right, even though some people refuse Him the first place. However, there is also a human power to which no government seems to be able, or want, to refuse precedence: the power of the money creators. The most famous conquests grow dim in front of this silent, lasting and inexorable conquest of the few leaders of the Bank of England and of their henchmen, who hold influential posts in every civilized country. Underhanded tricks, base acts, hypocrisy, lies, threats, murders, blackmail, intimidation, mockery, bribery — these torturers of mankind will do anything to get what they want.
As early as 1694, the Bank of England was given the right to print paper money and lend it out at interest, thus quickly replacing the “tallies” of the English kings.
Napoleon himself, the military genius who conquered Europe, never fought the money creators. On the contrary, he flattered them to get their support. The foundation of the Bank of France (a private institution) in 1800 helped perhaps as much as his cannons to conquer Europe. If genius matters, one can also work wonders with money. Why did not he, who had overcome the French Revolution, try to issue government money? Whom did he obey?
Benjamin Franklin wrote that the determining cause of the War of Independence, which caused Great Britain to lose its colonies in North America, was the seizure of the colonial money by the Bank of England. The American colonies had issued their own paper money and were prosperous. The money creators in England could not suffer that their power be undermined, even by their own colonies. “Where a man’s fortune is, there is his country.” (Pope Pius XI, Encyclical Letter Quadragesimo Anno.)
The new Government of the United States of America made sure to include in its Constitution that “Congress shall have the power to coin money and regulate the value thereof.” But just like in England, the money powers managed to take the place of the government as regards the creation of money. As always, this is done thanks to the ignorance of the population; no government can resist the pressure of the money powers when there is no public opinion to support its resistance. As early as 1787, John Adams, the successor of George Washington (as President of the U.S.A.), wrote to Thomas Jefferson:
“All the perplexities, confusion and distress in America arise, not from defects in the Constitution, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation.”
Thomas Jefferson, who also became the President of the United States, wrote to George Logan in 1816:
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks... will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. I hope we shall crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our Government to a trial of strength, and bid defiance to the laws of our country... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
Jefferson was right on. The ancestor of the bankers had put it cynically, a quarter of a century before: “Permit me to issue and control the money of a nation and I care not who makes its laws.” But the money creators were already the masters in America, which led Jefferson to write the following to John Monroe:
“The Bank (the private banking system of the United States) is firmly in the saddle and keeps a tight rein on the nation; the Bank is firmly installed on our back and we are forced to go where it leads us.”
Don’t forget that it is the head of a democratic State who wrote these lines. President Madison, the successor of Jefferson, said:
“History records that the money changers have used every form of abuse, intrigue, deceit and violent means possible to maintain their control over governments by controlling money and its issuance.”
Later, another American President, Abraham Lincoln, with all his righteousness and moral strength, did not content himself with noticing this state of affairs. He wanted to dethrone the appalling usurpers and restore to the State its exclusive right to issue money. A bribed assassin reduced him to silence.
Later, President Garfield, who also came from the common people, stated that “the hand that controls the money supply of a nation controls that nation.” He too was assassinated (by Guiteau). Who gave orders to the killer? The international magicians of money will permit everything but constitutional and honest money.
More recently, U.S. President Woodrow Wilson said:
“A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities, are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world — no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”
Wilson was re-elected for a second term; he was for two years the star of international affairs, acclaimed as the greatest leader of the greatest nation. However, he was controlled by a greater power and changed nothing.
President Hoover acknowledged the existence of the same evil. He was asked: “Why then don’t you restore to Congress its powers?” He replied: “I would not be permitted to do so.”
In 1936, Macdonald, Prime Minister of Great Britain, said categorically: “We shall maintain the gold standard and the pound sterling at twenty shillings everywhere.” And soon after, Macdonald gave up the gold standard and put the pound sterling at fourteen shillings on foreign markets.
Also in 1936, French President Leon Blum said: “We shall never consent to devaluate the franc.” While he was saying this, he was negotiating the devaluation of the franc with the power that rules governments.
In Canada, on election night, following a landslide victory with an unprecedented majority in Parliament, Prime Minister elect Mackenzie King said:
“Today’s vote proves that the people want the Government to direct the issuance of money and the dispensation of credit.”
A few days later, Canadians learned that Charles Dunning, chairman of the Barcklay International Bank, was appointed Finance Minister. Dunning was not even a Member of Parliament — he had already been a Liberal MP in 1930, but King did not want him to run again in 1935. Who imposed Dunning on King?
Notice that there was no further mention of dispensation of credit by the Government. Many newspapers even wrote that King had chosen the best Finance Minister Canada could have had under the present critical circumstances.
Governments seem to have two mandates to carry out: the mandate of the people, and that of High Finance. They carry out the first mandate with soporific speeches and the second mandate with silent acts. The news media shower praises on statesmen for this betrayal and complete the job of putting the population to sleep.
So everyone can see the loss of the sovereign rights of governments. It is Pope Pius XI who wrote in Quadragesimo Anno:
“The state, which should be the supreme arbiter, ruling in kingly fashion far above all party contention, intent only upon justice and the common good, has become instead a slave, a docile instrument at the service of all passions and ambitions of interest.”