Economics, was President Garfield right about inflation and depression?

1881: President James A. Garfield (The 20th President of the United States who lasted only 100 Days) states two weeks before he is assassinated,

“Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

Update 2:

1891: The British Labour Leader makes the following statement on the subject of the Rothschilds,

"This blood-sucking crew has been the cause of untold mischief and misery in Europe during the present century, and has piled up its prodigious wealth chiefly through fomenting wars between States which ought never to have quarrelled.

Whenever there is trouble in Europe, wherever rumours of war circulate and men’s minds are distraught with fear of change and calamity you may be sure that a hook-nosed Rothschild is at his games somewhere near the region of the disturbance."

Comments like this worry the Rothschilds and towards the end of the 1800’s they purchase Reuters news agency so they can have some control of the media.

Update 3:

1907: Rothschild, Jacob Schiff, the head of Kuhn, Loeb and Co., in a speech to the New York Chamber of Commerce, warns that,

"Unless we have a Central Bank with adequate control of credit resources, this country is going to undergo the most severe and far reaching money panic in its history."

Suddenly America finds itself in the middle of another typical run of the mill Rothschild engineered financial crisis, which ruins as usual ruins the lives of millions of innocent people throughout America and makes billions for the Rothschilds.

Update 4:

Congressman Charles Lindbergh stated following the passing of the Federal Reserve Act on December 23,

"The Act establishes the most gigantic trust on earth. When the President signs this Bill, the invisible government of the monetary power will be legalized.......The greatest crime of the ages is perpetrated by this banking and currency bill."

It is important to note that the Federal Reserve is a private company, it is neither Federal nor does it have any Reserve. It is conservatively estimated that profits exceed $150 billion per year and the Federal Reserve has never once in its history published accounts.

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  • Anonymous
    1 decade ago
    Favorite Answer

    YYYYYYYYYYes

    good question, here's some related quotes...

    "Give me control of a nation's money supply, and I care not who makes its laws."

    -Mayer Amschel Rothschild

    “Who controls the food supply controls the people; who controls energy can control whole continents; who controls money controls the world.”

    -Dr. Henry kissinger - CFR

    “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.” -Woodrow Wilson (after signing the 1913 Federal Reserve Act).

    “From now on, depressions will be scientifically created.” — Congressman Charles A. Lindbergh Sr. , 1913.

    “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” — Henry Ford

    “The Federal Reserve bank buys government bonds without one penny…”

    — Congressman Wright Patman, Congressional Record, Sept 30, 1941

    “We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system…. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.” –Robert H. Hamphill

    “Whoever controls the volume of money in any country is absolute master of all industry and commerce.” — James A. Garfield

    “[Every circulating Federal Reserve Note] represents a one dollar debt to the Federal Reserve system.” — Money Facts, House Banking and Currency Committee

    “The modern Banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and unmint the modern ledger-entry currency”.- MAJOR L .L. B. ANGUS.

    “While boasting of our noble deeds were careful to conceal the ugly fact that by an iniquitous money system we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery.” - Horace Greeley

    “By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.”–John Maynard Keynes

    “…the increase in the assets of the Federal Reserve banks from 143 million dollars in 1913 to 45 billion dollars in 1949 went directly to the private stockholders of the [federal reserve] banks.” — Eustace Mullins.

  • 1 decade ago

    My fave website covers this as well in the section marked The Esoteric Agenda or Zeitgeist - The Movie. Both videos deal with the banks and quote many warnings through the years from presidents and kings.

    The Rothchild's invented the French REvolution with Ben Franklin's help. I'm not sure of which family so if the regions are off a tad please excuse but it was the British Rothchilds who chose ONE side and the German Rothchilds who chose the OTHER side and then it was the French Rothchild's who offered to REBUILD France in the end. EVERY branch of the family prospered greatly while the French suffered the brunt of it all.

    I'm told that the London Rothchild's are behind this latest debacle in the USA although there are MANY players in this one including the Rockefellers and I'm sure the Bush family is doing well with it as well. GW would not push it so highly unless Daddy, or someone of like ilk asked him.

    That website is listed below. The Esoteric Agenda even has some notes about Grandad Bush and Hitler.

    Me thinks we are being acted upon and smitten dearly.

    :-)

    Peace, Love, Light!

    I AM DARTAGNON

  • Anonymous
    1 decade ago

    I suspect that this is one of those SELF EVIDENT TRUTHS which no sane,intelligent person would contest.

    As it' s role is pivotal in all this ,one must understand what the Federal Reserve is and what is it's powers and what they ARE NOT .

    http://en.wikipedia.org/wiki/Federal_Reserve_Syste...

    Although uniquely independent in many ways and is referred to as a "quasi public making system" ,the Reserve is ultimately a Federal Government agency and derives what ever powers it has (which are mostly "bully pulpit powers") from the Federal Government .

    Here are a few more memmorable quotes from the famous/infamous :

    Thomas Jefferson to

    John Taylor, 1816 : “I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”

    Daniel Webster,

    speech in the Senate, 1833 “We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.”

    John Kenneth Galbraith “The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.” Money: Whence it came, where it went - 1975, p15

  • Anonymous
    1 decade ago

    Lincoln was assassinated after taking control of the money back, using silver based dollars post civil war.

    Kennedy was assassinated as he was trying to repeal the federal reserve act and give the government back the authority to print value-based money.

    And Garfield was killed for fighting the Bankers.

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