The Battle Against “The Banking Swindle”

Anthony Migchels — June 7, 2013

Kerry Bolton’s new book, “The Banking Swindle” begins by relating how the bankers conquered Europe via Holland and Britain and later the world through the US. He describes how the current financial system came to be and what problems it brings.
But where the book really takes off is the description of the public discourse in the thirties that arose in reaction to the Great Depression. Opposition to the financial system itself was universal throughout the industrialized nations. Social Credit activists were active throughout the West. But also other financial systems were both promoted and, what is more, even implemented.
New Zealand implemented financial policies that were very similar to Hitler’s Germany. A large scale social housing program financed with State Credit  relieved 75% of the unemployment during the Great Depression. This iconic project has disappeared in a memory hole. Canada also printed its own money from the mid thirties up to the early seventies. Here is an eye-opening account of the Canadian economy with Government money.
The level of public involvement seem to have been huge. They were talking banking and monetary reform in pubs and on street corners, all over the West.
In Britain itself there were the ‘Green Shirts for Social Credit’, started by John Hargrave.
The Green Shirts kicked off in 1930. Hargrave soon realized that nothing could be done through Parliament and that a mass agitation was necessary.
Bolton: “Hargrave advocated a militant campaign that would break the media blackout. The Green Shirts took to the streets on marches, behind drums and banners, held street corner meetings, and sold newspapers on the street, delivering the Social Credit message in a cogent manner. Facing the violent opposition of the Left, they were noted for their discipline in the face of provocation. They were also noted for throwing green painted bricks through the windows of banks and using the consequent court cases to publicize their views.”
Bolton analyzes the struggle for monetary reform in all major western nations, including the USA with Father Coughlin, who at his peak had 40 million followers.
I must say that this comprehensive overview was eye opening for me.  I never really realized what kind of trouble the Money Power faced back then.
It also shows that the system may not be quite so unassailable as it often looks. True, the consequences of today’s depression  have been much milder than 80 years ago. Millions of people actually starved or were close to starvation back then. However we feel about the welfare state, it has prevented that kind of mass suffering this time around. On the other hand: we can also be sure that this is a vital part of the Money Power’s calculations. Because hunger is a powerful motivator, the usurers have learned to sedate us to the nastiest side effects of our hidden slavery.


Continues …