Ch. 8: Scarecrow with a Brain:Lincoln Foils the Bankers.
Advised byHenry Carey, Lincoln paid for the CivilWar with fiat paper money:“Greenbacks” (81-87).
Ch. 9: Lincoln Loses the Battle withthe Masters of European Finance.
Bismarck blamed the U.S. Civil War onfinanciers who believed the U.S. would beeasier to control as two weak states (89-90; apparently edited to disguise its anti-Semitism). Lincoln’s assassinationattributed to financial interests (90-91). The National Banking Act favored thebanks (91-93). The people demandedGreenbacks; the banks resisted (93-94).
Ch. 10: The Great Humbug: The GoldStandard and the Straw Man of Inflation.
The gold standard was justified on the basis of the quantitytheory of monetary inflation, but this ishumbug (95-100). Populism challengedcorporate dominance in the U.S. the1890s, but failed (100-02).
SECTION II: THE BANKERS CAPTURETHE MONEY MACHINECh. 11: No Place Like Home: Fightingfor the Family Farm.
Popular politicalresistance to the dominance of thefinancial class from Populism to TeddyRoosevelt (105-11).
Ch.1 2: Talking Heads and InvisibleHands: The Secret Government.
Bankers, esp. Morgan and Rothschild,were behind the Robber Barons; a rumorasserted that Morgan was a front toevade anti-Semitism (113-20).
Ch. 13: Witches’ Coven: The JekyllIsland Affair and the FederalReserve Act of 1913.
Achievement of the Federal Reserve Act was “a majorcoup for the international bankers” (124;121-25). The Federal Reserve (125-26). The “master spider” moved to America(127). The Bank of InternationalSettlements in Basel allows foreignbanking interests to control the U.S.Federal Reserve (128-29). TheBilderberg group controls media and themasses (universal education areelements of its design) (129-30).
Ch. 14: Harnessing the Lion: TheFederal Income Tax.
The income tax,whose proceeds go mostly to financingthe debt, is of dubious legality (131-37).
Ch. 15: Reaping the Whirlwind: TheGreat Depression.
The Fed “schemed”with the head of the Bank of England(Montagu Norman) to inflate the U.S.money supply so as to force all countriesonto the gold standard, politicalopposition notwithstanding (139-47).
Ch. 16: Oiling the Rusted Joints of the Economy: Roosevelt, Keynes andthe New Deal.
Roosevelt embraceddeficit spending out of desperation,restructured the Fed’s board of governors, took the U.S. off the goldstandard (inspiring an impeachmentmovement led by Rep. Louis McFadden),and survived a coup attempt by Morgan-backed interests (149-58).
Ch. 17: Wright Patman Exposes theMoney Machine.
Rep. Wright Patman,economic populist, exposed the nature of the Fed’s operations (159-61), whichwere the subject of a January 1993
article (161-62).“Virtually all money in circulation todaycan be traced to government debt thathas been ‘monetized’ by the FederalReserve and the banking system” (162). This money is then lent out multipletimes under the fractional reservelending, with the banks reaping theinterest (162-68). Thus banks cannot runout of money (168).
Ch. 18: A Look Inside the Fed’sPlaybook: “Modern MoneyMechanics.”
For the most part, bankreserves do not come from depositors’