who-are-the-real-rulers-of-the-world

32 / 32

32 Free issue of MICHAEL
as well own three-fourths of the farms of the West
and the money of the country. Then the farmers will
become tenants as in England.”
Periodic blood-lettings are carried out still, as
well as crisis. The 1907 panic, had no other cause
than the contraction of credit. This is an excellent
example of the type of ploy continually repeated in
all financial crises through to the present.
In May of 1920, a secret meeting was held by the
members of the Chamber of the Federal Reserve,
its Council and 36 class A Federal Reserve Bank
directors. This is the American system of 12 cen-
tral banks privately owned by member banks, as
devised in London by intervention of Paul Warburg,
an international financier. After a one day discus-
sion, the assembly decided upon a contraction of
the money and credit of the Nation. And so it was
that the following July, all prices came tumbling
down, farm products fetched half their prices. The
1920-22 recession was on.
The banks issuing of money as debt, and the
reimbursement of these credits under conditions
determined by the bankers places the world at the
bankers’ discretion and this on an international
scale. Recessions are universal. All are concerned.
In 1929, the rapid recall of credits caused a 20
billion decrease in short term loans in the United
States. This bleeding caused a weakening of the
economic body; check transactions went down by
1200 billions: two thirds of all money available to
commerce and industry disappeared.
If the banker creates
credit that is used asmoney,
he also destroys it, and the
circulation of this credit in
the economic body, leaves
a cancer ridden debt. The
great Pope, Pius XI, was
right in saying: “Those who
control money and credit
have become the masters
of our lives.”
Conclusion
High Finance is orga-
nized in such a way as to
control legislation, to dic-
tate to the world its stan-
dard of living. What is
needed to strike down this
powerful foe is nothing
less than the coming
together of the whole
population, of the multitudes.
Some people blame us, the defenders of Social
Credit, for bringing money matters to the public
attention instead of discussing it only with eco-
nomists or with the proper authorities. We do this
because we want results. We want a sorely needed
change. If in Lincoln’s days, the American public
had understood the money question, the assas-
sination of this great man would not have caused
finance to strengthen its grip upon the American
continent. If the Canadian public of all provinces
had studied the monetary question since 1933
as was done generally in Alberta, the depres-
sion would have ended in 1935 and international
finance would no longer have any say in our des-
tinies. Lone individuals have always come forth,
they were often heroes; but because they did not
know how or were not able to pass on their vision
to the people, the people remained in servitude.
Jefferson, Lincoln, Greeley, Lindberg, and others in
the United States realized, denounced, but nothing
changed because the multitudes were unaware.
Academic discussions held in comfortable
chambers will not put an end to misery otherwise
they would have done so long ago.
The powerful and well educated who remain
passive or even disdainful in the great fight for eco-
nomic liberation, should only expect to lose their
crown when the public, at last enlightened and
freed, will ask where were our leaders when we
suffered in servitude.
Louis Even
Governments, instead of whipping the people, whip the bankers
Printed in Canada