Creature From Jekyll Island by G. Edward полностью

After the Civil War, America experienced a series of expansionsand contractions of the money supply leading directly to economicbooms and busts. This was the result of the creation of fiat money bya banking system which, far from being free and competitive, was ahalf-way house to central banking. Throughout the chaos, one banking firm, the House of Morgan, was able to prosper out of the failureof others. Morgan had close ties with the financial structure and culture of England and was, in fact, more British than American.

Events suggest the possibility that Morgan and Company was inconcealed partnership with the House of Rothschild throughoutmost of this period.

Benjamin Strong was a Morgan man and was appointed as thefirst Governor of the Federal Reserve Bank of New York which rapidly assumed dominance over the System. Strong immediatelyentered into close alliance with Montagu Norman, Governor of theBank of England, to save the English economy from depression.

This was accomplished by deliberately creating inflation in the U.S.

which caused an outflow of gold, a loss of foreign markets, unemployment, and speculation in the stock market, all of which werefactors that propelled America into the crash of 1929 and the greatdepression of the 30s.

Although not covered in this chapter, it must be rememberedthat the same forces were responsible for American involvement inboth world wars to provide the economic and military resourcesEngland needed to survive. Furthermore, the key players in this 1- Andrew Carnegie, Triumphant Democracy (New York: Charles Scribner's Sons, 1893), pp. 530-49. This is a revised edition of the book which was originally written tfi 1886. Earlier editions do not contain these words.

430 THE CREATURE FROM JEKYLL ISLAND

action were men who were part of the network of a secret societyestablished by Cecil Rhodes for the expansion of the British empire.

Chapter Twenty-One

COMPETITION IS A SIN

The story of how the New York investment

bankers formed a cartel to avoid competition; the

drafting of proposed legislation to legalize that

cartel; the strategy to camouflage the true nature

of the legislation; the failure of the deception and

the defeat of the bill.

We have travelled to many points on a large circle of time andnow are reapproaching the journey to Jekyll Island where this bookbegan.