henrymakow.com – Jan 13, 2022
The Great Depression was an early example of a contrived breakdown of society much like the covid hoax. See Covid in the context of World Wars & Great Depressions, subterfuges designed to enslave and destroy.
Curiously, Churchill managed to be in the Gallery of the New York Stock Exchange on October 24, “Black Thursday,” with his friend Bernard Baruch, to personally watch the panic below on the exchange floor. Already in early September, when the market was near its highest peak, Baruch had sold his shares and advised Churchill to do the same. Baruch later advertised the fact that he had avoided the disaster, as proof of his investment acumen. It was more likely proof of his well-placed friends in London who had tipped him to the plans of (Bank of England Gov) Montagu Norman, who also financed Adolf Hitler.
Illuminati insider Chaim Rakovsky refers to the 1929 Crash and Great Depression as an “American revolution.” It was deliberately precipitated by the Illuminati for profit, to break the “classical American” character and to take political power.
GODS of MONEY — Ch. 5–Upending the World’s Chess Board
By F. William Engdahl – Summary by EG
EG’s Comments are in Italics — (henrymakow.com)
Prelude:
1861 – U.S.A. became bankrupt = Lincoln suspended the constitution. All fell under Maritime Admiralty Law
1871 – The ‘Corporation of Washington’ was setup
1878 – U.S.A. Corporation was setup in the district of Washington that made it it’s own State.
1929 – Roosevelt rewrote and reorganized a plan given that the USA was bankrupt and again constitution was suspended whereby he pledged US land and people for the debt.
1933 – The start of using Certificate of Birth (from Maritime Law, birth). It became the pledge of chattel against the fiat currency.
Corporation of the City of London Inc. and the Bank of England again in the nerve center of the world banking system.
1925 decision by Chancellor of Exchequer, Winston Churchill a crypto-jew.
London, they argued, would become the entrepôt for such American loans to Germany, Italy, Poland, Romania and the rest of Europe. Montagu Norman was able to persuade Benjamin Strong, (Fed Gov. 1914-1928) after Britain had come back on the Gold Standard, to lower U.S. interest rates. This allowed gold to go out of New York into London, and thus benefit the role of Sterling as a center of the re-established Gold Standard.
Food for thought, but a lot to unpick with regard to “corporations” and “maritime” law. This is the lingo of common law that I’m sure befuddles many of us despite having perhaps seen a various videos on the subject. And I admit, I’m no wiser. Are there documents declaring the USA, UK etc are thereby made “corporations” or is it just an inference based on what has happened?
I mean, it sound pretty evocative that “we are not nations but corporations”. Does asserting a nation is now merely a “corporation” have any heuristic value though – so what ? Were we ever in the last thousand years “not corporations” ?
I would like to start to digress a little since it touches upon something I would value input on:
I find the idea of a corporation as a way if trying to deflect individual liability – perhaps a common law concept – interesting. I would like to see more debate of how to hold individuals to account and how to remove their corporate shield. I do find the plethora of various groups dedicated to “common law” as broad as the probable number of various cults and religions in Rome circa 33 AD. It seems to me the current fashion for common law is often no more than a soapbox for various talking heads to set up their own group whereby they are the big fish in the pool…
This business of personal liability is certainly of current interest. But there are so many seeming to claim they have grasped the golden cord of what common law is to the exclusion of others…
***
Going back to William Engdahl’s article and the lengthier version on Henry Makow’s site, the assertion of manufactured crisis – financial terrorism – is something I recently came across in Michael Oswald’s adaption of Richard Werner’s “Princes of Yen” : https://www.youtube.com/watch?v=p5Ac7ap_MAY
It is a fantastic film. Werner is quite an intellect. A German who speaks Japanese, and English better than most of us, and is often credited with demonstrating that banks create money out of thin air irrespective of notions of “bank reserves”. The film based on world banking’s machination in the Far East, and finishing – from the transcript – with this conclusion touching upon the 1929 crash et al:
“Whether it is the Bank of Japan, the Federal Reserve, the Bank of England or the European Central Bank, examples of central bank deception abound. In the United States in the 1920s, banks were encouraged to create money and give it to speculators. The resulting depression persuaded the freedom-loving Americans that a decentralised federal system without strong national controls, could not work.
In the 1990s, the Japanese were persuaded that their economic system, which had brought considerable prosperity and equality, needed to be changed into a so-called free market system. And while Japan’s transformation was not yet complete, the central bankers struck again, with an IMF-led raid on the Asian Tiger economies.
The present European debt crisis is yet another example of central bank deception. To create a public consensus for the need for structural reform by purposefully creating a recession and then needlessly prolonging it, must constitute an abuse of power.
Do citizens really want to be manipulated in such a costly and dishonest manner? “
The jews, the owners of the most banks at this time, created this
Financal Crash.
They started to not give any new credits and to terminate existing ones
and to pay back the credits with interest.
People were not able to pay back the credit mortage and lost their
houses, villas, Hotels and business dealing, stores, tenement blocks
factorys, land for building, farms and farm land.
So the jews and their banks made a huge profit by keeping all this for
year and selling it all after years and slowly for very high profit.
This can repeat today anytime again, happend various times in the
last decades and this only because the system of jewish central banks
and other banks with producing money out of nothing is absolutly wrong
and to the disadvantage of the people, but not the jews.
Also something we have to talk about and stop it :
https://thegreatwork208716197.wordpress.com/2019/02/20/%E2%9E%9D-maritime-admiralty-law-how-they-got-you/
It’s the Illuminati, it’s the Bildebergers, it’s the Masons, it’s the Mickey Mouse club, yada,yada. No!! It’s the f&$&@#king Jews!!! Period!
Remember, its just one small step from believing in some ‘Rabbi Messiah’ for centuries, to Jews dominating the whole politico-economic structure of your nation-state..
“This can repeat today anytime again, happened various times in the last decades and this only because the system of Jewish central banks and other banks with producing money out of nothing is absolutely wrong”
No.
The problem with fiat money is not that it can be produced but on what terms it is created, by whom, and for what purposes. Assuming a statist system of government the only alternative is a precious metal standard. (A system of user issued credit is another system that can incorporate both systems.)
The problem with gold is that who owns the gold owns the money. Not only that but the gold system itself still allows for the development of fractional reserve banking and fiat money. When the Spanish brought precious metals back from the New World all it did was create inflation. Precious metal is useful, but not as money because the amount available is completely arbitrary. Responsible government can however issue money without this constraint.
Would I want to own gold or silver personally ? You bet, it will always have a value in use and therefore valuable.
Edward G Griffin is a champion of the gold standard and the Austrian economics that serves as Tweedledum to Keynesian Tweedledee monetary policy; another one of those dialectics obviating third positions. There has been recent comment of Griffin’s plagiarism of Eustace Mullins on this site. In any case, Bill Still’s assertion that it “is not what money is used that is important, it is who issues it….” And once again, his “Moneymasters” film is outstanding:
https://www.youtube.com/watch?v=cw_Dm_9H8kg
@ SIMON SMITH
the european debtcrisis is rothschild+
soros made blackmailing european
politicans to flood europa with millions
of social wellfare parasites not working
but housing + accomodating, schooling +
prisoncosts for adicional criminal parasites.
its for rothschilds “asyl”industry . so he
speculates he one day can expropiate whole
europa against its debt to him . it goes all
hand in hand with covidfraud + 5Gnanochip
enslavement. rothschild is the greatest political
chessgamer !
Simon Smith the reference is to an Act of Congress in 1878. Which follows from an Act in 1871, concerning Washington DC.
@antisemite
You assume that I am contradicting this but I’m not. I’m talking about the “murder weapon” and you are talking about the “murderers”. By all means be angry but let’s try to be rational.
@Timothy Dunlap.
Thanks.
Milton Friedman (Jew) wrote some books I liked, he opposed the overbearing state and forced taxation. He also said the Fed caused the Great Depression. Whaaaaatttttttt? A Jew said what?
Yes Virginia, a Jew Nobel Prize winner said the Federal Reserve CAUSED the Great Depression. He implicated his own tribe in the biggest money crime of the last century. You have to understand the game, Jews control the Fed, they tricked the fool Woodrow Wilson into signing the Federal Reserve Act into law. When he left office WW said:
“I am a most unhappy man. I have unwittingly ruined my country. 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.”
—————–
Once the Fed was established it opened up the flood gates of credit, the nation had been on a gold standard since it’s inception, and the newly form Fed stimulated the economy and caused the Roaring Twenties and an epic stock bubble which burst in 1929. The bust in stock prices caused negative sentiment and a huge downwave – stocks lost 90% of their value almost overnight.
It was a classic pump and dump. The Fed provides credit, the markets explode higher, a mania ensues, everyone gets all in – and they borrow on the margin – then a pin finds the bubble, and the bubble implodes wiping out the speculators – and those on the inside, who sold out at the top – buy stocks and bonds back at 10 to 20 cents on the dollar.
The FDR got elected, Herbert Hoover wasn’t doing enough to stop the Depression so FDR confiscated gold coins and issued irredeemable fiat – Federal Reserve Notes – and inflation has been our legacy ever since. Inflation transfer wealth by invisible means, it robs the work value of the currency and transfers that wealth to those in debt. Jews have robbed the nation blind by this means, that is why a $500 auto in 1935 now costs $50,000.
Now see my charts on Unz: comment #75 and #80
https://www.unz.com/mhudson/what-is-causing-so-much-inflation/#comments
——————-
So today we have an even bigger bubble, the call it the everything bubble because it extends into real estate, bonds, and unicorn start ups. This new bubble, in which we are in the late phases of speculation.
——————–
https://fee.org/articles/the-great-depression-according-to-milton-friedman/
In 2002 Ben Bernanke (then a Federal Reserve governor, today the chairman of the Board of Governors) made this startling admission in a speech given in honor of Friedman’s 90th birthday: “I would like to say to Milton and Anna: Regarding the Great Depression, you’re right. We did it. We’re very sorry.”
—————
The Jew Bernanke says he’s sorry for the Fed CAUSING the Great Depression. He says Milton Friedman’s school of thought is correct.
The Fed caused the G.D. by tightening credit. But this is only partly true, all speculative bubbles come to an end, and all credit manias run out of suckers who borrow.
In today’s world – people have borrowed on everything, there’s 450 trillion in debt. There is a limit to debt, when the economies can no longer service debt the debt bubble will implode all on it’s own. The Fed can tighten, but what is more important is a shift in investor psychology, when people get scared or hold a negative future outlook, they refuse to borrow.
Huge amounts of debt is unstable all on it’s own. Every bubble comes to an end, the ‘pin’ will find the ‘bubble’ as a metaphysical law of the universe. So now that we are in the late stages of the current bubble, and the Fed saying 4 rate hikes in 2022, first one in March, well how long till the market finds itself in a panic?
How the panic starts is my favorite topic. Currently the world stock markets are ripe with massive speculation, margin debt is a 1000x greater than 1929, current borrowed money is almost a trillion!
https://www.advisorperspectives.com/dshort/updates/2021/12/14/margin-debt-down-1-8-in-november-still-near-record-highs
Everyone is convinced the Fed will prop up the stock market – but this is false, no where in the Fed act is that a requirement – the Fed targets full employment and inflation – it is not a stock propper upper. Jamie Dimon said today:
https://news.yahoo.com/jamie-dimon-takes-high-view-172241475.html
Jamie Dimon Takes High View of Fed Hikes: ‘It Could Be Six or Seven’
Hahahahahahaha LOL LOL LOL LOL LOL ROFL with my feet kicking
Only a fool is full in now, as the Fed hikes, the marginal borrowers will be the first to go under, then as the market drifts lower, technical violations will cause auto computer selling. Already there’s a death cross in the DJ internet index
A DEATH CROSS PEOPLE! The 50 day moving average has crossed the 200 DMA . Run for cover you fools!
You have to understand the Robinhood newbies are full in expecting another 50% gain this year in the SPY and tech stocks. There is so much greed right now there is Fear of Missing Out (FOMO) but what happens when FOMO goes FOLE fear of losing everything?
This is going to be epic.
One of our wise men said “Neither a lender nor a borrower be”. Borrowing is designed to make you a slave, as Israel is told in the Old Testament, and lending makes you the criminal on the other side of the equation. Our system, of course, is wildly off the rails, away from the good advice.
He should either loose the “Illuminati” which is just one of several investment sinks for the real criminals or get off entirely. Springmeyers’ book is cartoonish at best. We all know the law of the NWO will be out of Jerusalem and the Sanhedrin and those that support the Judaic Kabbalist and Babylonian Talmudic way of thought. Lies packed on lies expose themselves and as Carlin says, it is this BS that holds the world together as civilization would crumble with the truth. We are owned, we have owners, remember that countries, cities, towns are all owned by bondholders when they are incorporated. We all are birthed and dead in the water and our strawman determines what we are to the owners, the big financial interests and corporate entities including the greatest waste of all time, the War Whores and suppliers. None can exist without being financed.
@ Simon Smith
Your NO i disrespect and your arrgumentation !
Read the following Books and you will better understand and the Truth :
1) The Banking Swindle, Money Creation and the State, Kerry Bolton
2)Opposing the Money Lenders, The Struggle to Abolish Interest Slavery, Kerry Bolton
3) A History of Central Banking and the enslavement of Mankind, Stephen Mitford Goodson
4)The Hidden Tyranny of our Money, What most Economists dont’ know and few wish to tell, Victor Gomez-Enriquez
5)Inside the South African Reserve Bank, Its Origins and Secrets Exposed, Stephen Mitford Goodson
No, it was a stock market crash they told me so.
It only takes one functioning neuron to have the thought –
Maybe the entire country wasn’t invested in the snatch market, and maybe…just maybe since the tribe of usury printed the stuff from thin air…it coulda been avoided?
Illuminati? that’s what we’re calling the bolsheviks now?
Can American laws not be repealed?
@Heinrich
“Your NO i disrespect and your arrgumentation !”
Ok fair enough.
I have actually read the first Stephen Mitford Goodson’s book you listed along with over fifty or so books on economics and history over the last four years from which I’ve compiled copious notes for my own long time writing project. A list of books is no substitute for discussion though; it’s just vicarious argument based on authority.
@Simon Smith
Writting 50 books on economy is not necessary.
The title of the one book says it clearly :
4)The Hidden Tyranny of our Money, What M O S T E C O N O M I S T dont’ know and few wish to tell, Victor Gomez-Enriquez
Here two insteresting LINKS which might also interesst you. It goes very well alaong with Economy :
https://discover.hubpages.com/politics/International-Maritime-Admiralty-Law-The-Human-Race-is-Owned-Property
https://thegreatwork208716197.wordpress.com/2019/02/20/%E2%9E%9D-maritime-admiralty-law-how-they-got-you/
Maybe it might become a spark for new study and project for you.
Have a good time,
@Heinrich.
I thank you for the references.
OK. Straight question: how should we create/recognise money in a more ideal society ?
Should we have a precious metal standard or similar? Is this what you are arguing for ?
Money cannot work without a two-tier society, being a game that needs an umpire. You hope for an impartial umpire but do not get one.