Extraordinary Times, Intentional Collapse, and Takedown of the U.S.A – How It Was Done – Part 2 of 3

Extraordinary Times, Intentional Collapse, and Takedown of the U.S.A - How It Was Done - Part 2 of 3

Richard C. Cook


 

While World War I and the Russian Revolution still lay a few years in the future, international financiers quietly took control of the U.S. economic system in 1913 through the Federal Reserve Act and the 16th Amendment to the Constitution which provided for the federal income tax.

The purpose of this tax was to use citizens’ earnings to pay the interest on the "funded" national debt. As with the debt owed by the British people to the Bank of England, this would be one so large the principle could never be paid off.

Russia was allied with Britain and France during World War I (1914-18). But the war against Germany and Austria-Hungary had reached a stalemate until the tide was turned by entry of the U.S. on the side of the Allies. Fighting on the eastern front between Germany and Russia was savage. By the end of the war the Russian Revolution broke out, and, after a terrible Civil War, the Soviet Union came into being.

It was the financier-controlled press which goaded President Woodrow Wilson into taking the nation into World War Ion the side of England and France. But it was also part of the financiers’ plan to shift the apparent focal point of their financial power from London to New York. This was done through the financing of the war by loans made to the European combatants by the New York banks.

It seemed to be in accord with a plan spelled out decades earlier by Cecil Rhodes, whereby the U.S. would not only be "recovered" for the British Empire, but would appear to become the senior partner in the enterprise. By the start of the 1920s, this objective had been accomplished. German, English, French, and other European taxpayers were all deeply in debt to the U.S. banks for the costs of the war. Also during the war years the financiers had secured the issuance of the Balfour Declaration signaling British support for the establishment of a Zionist state in Palestine. The 1917 Declaration was made in a letter from Arthur James Balfour, British Foreign Secretary, to Walter Rothschild, Second Baron Rothschild, for transmission to the Zionist Federation.

During and after World War I, world financial power shifted to the New York banks through which, however, it would be the London-based elite exerting de facto control. It might also be said that starting with U.S. entry into World War I, once you look past the patriotic slogans, the U.S., its vast productivity, and the blood of its population have been used in making this country the worldwide military enforcer of international financier domination.

World War II became the means of consolidating financier control. Prior to that, during the years of the Great Depression, both Russia —aka the Soviet Union—and the U.S. were slipping away from the fold. Stalin had shown his "Bonapartist" tendencies by favouring "Socialism in one country," as well as by his deadly purges of the financier-controlled Trotskyite faction and his shocking rapprochement with Hitler in 1939 that seemed to foil the financiers’ intent to play off Nazi Germany and the Soviets against each other.

In the U.S., President Franklin Roosevelt had taken steps during the Great Depression to rebuild the U.S. economy by exerting an unaccustomed degree of control over the Federal Reserve System and providing credit at low rates of interest to homeowners, farmers, and businessmen. This made Roosevelt seem to many wealthy Americans "a traitor to his class." Roosevelt saw that a healthy and self-sustaining domestic economy is essential for the well-being of a sovereign nation.

But instead of looking for ways to create a monetary system based on the productivity of the economy, as Lincoln had done with the Greenbacks during the Civil War, Roosevelt left intact the debt-based system overseen by the Federal Reserve. He added to this system the Keynesian idea of government deficit spending for public works to create employment. This was essentially a system whereby government would try to pay its debts by engendering inflation, a policy that has continued until today. But World War II thwarted even these stirrings of nationalism in both countries. In both the Soviet Union and the U.S., the financiers worked the levers of debt to build massive war machines. They were also working through the Western banks, including Brown Brothers Harriman in New York, to achieve the same ends in Nazi Germany. Eventually Hitler invaded the Soviet Union, and the U.S. entered the war. Both during and after the war, operatives from the international financial elite centered in London were the linchpins of a world wide matrix of spying, assassination, terrorism, industrial espionage, psy ops, media manipulation, and monetary control. This included financing the founding of Israel as the Western bridgehead in the Middle East in 1948.

Despite the creation of an appearance of conflict between the West and the Soviet Union through the Cold War, the financiers continued to work both sides of the fence through their London-based operatives. In the U.S. they created the modern national security state with both the National Security Agency and the CIA firmly under their control. Then, after President John F. Kennedy moved to forestall the neocolonialist Vietnam conflict and replace the Federal Reserve with a U.S. system of silver-backed Treasury currency, he was shotdead in Dallas’s Dealey Plaza on November 22, 1963.

In charge of convincing the public that the Warren Commission was correct in concluding that Kennedy was killed by Lee Harvey Oswald, supposedly a lone deranged gunman, were figures associated with the financier elite from the New York Times, Washington Post, and Yale Law School. (See The Kennedy Assassination Cover-Up Revisited by Donald Gibson, 2005.) But in 1979, a report of the House Select Committee on Assassinations stated that Kennedy was killed by a "probable conspiracy." It has been thoroughly documented that since World War II the Western intelligence agencies, all with close ties to the financial world, particularly the New York and London investment banks, have been responsible for engendering wars, revolutions, and mayhem in countries around the world, causing the deaths of millions of people in Asia, Africa, Latin America, and southeastern Europe.

Meanwhile, the worldwide arms industry, also underfinancier control, have produced the greatest arsenal of weapons of mass destruction ever seen. After Kennedy was killed, the U.S. moved to arm Israel as the leading military power of the region. Today nuclear weapons have proliferated, with Israel, Pakistan and India becoming nuclear powers in addition to the U.S., Russia, Britain, China and France.

But warfare and weapons cost money and by the late 1960s the Vietnam War was sinking the U.S. deeper into debt. The U.S. war machine was to be the main tool for financier enforcement of their worldwide plan of domination, but the nation was going broke. The problem was made worse by heavy federal expenditures for the poor and elderly through such programs as Medicare and Medicaid.

But President Richard Nixon’s Secretary of State Henry Kissinger had a plan. The government worked out an arrangement whereby Saudi Arabia and the other OPEC nations would gradually increase the price of oil, with the profits to be used by the oil-producing nations to buy U.S. Treasury debt securities. By 1980 the cost of oil would be ratcheted up from about $3.50 a barrel to $39.50.

The drastic increase of the price of gasoline at the pump acted as a de facto tax on the U.S. economy. But the plan worked. The "petrodollar" and "dollar hegemony" were born, with the dollar becoming the world’s reserve currency. Dollars could flood the world only because in 1971 the Nixon administration had abandoned the dollar’s gold peg as a basis for international currency exchange. Now currencies floated freely in world markets with speculation and inflation rampant. The economies of the world were no longer based on production, but financial manipulation. It was also the start of the era of monetarism, where the Federal Reserve thought it could regulate the economy by the raising and lowering of interest rates.

The Kissinger plan also made the U.S. dependent on Middle Eastern oil and turned it into the muscle behind the financiers’ ambition for Israel to dominate the region. So nowAmericans, who had liberated Europe from the Nazis,had to fight and die for the financiers in the Middle East. The final conquest of Iraq, starting in 2003 and the planned war against Iran are the latest phases.Meanwhile, through the financiers’ control of the U.S. Federal Reserve System, the producing economy was shattered through the Fed-induced recession of 1979-83, where interest rates were raised to the highest in history to combat the inflation the financiers had themselves caused by the oil price shocks. By this time, as some allege, the controversial concept of "peak oil"—whether it really existed or not—was being used as a cover for financier manipulation of oil markets by limiting production in order to maintain prices.

By 1992, when Bill Clinton was elected president, the U.S. producing economy had been devastated by the shutdown of factories and the export of jobs. The work of wrecking the economy was completed by Clinton’s embrace of NAFTA, which has largely eliminated family farming in favour of financier-controlled agribusiness in the U.S., Canada and Mexico. Deregulation of the financial industry began in earnest during the Reagan years from 1981- 89 and accelerated under Clinton. By this time, the U.S. economy was being kept afloat only through financial bubbles that allowed the purchase of consumer goods to take place through more family and household debt. We had the merger-acquisition bubble of the 1980s, followed by the George H.W. Bush recession which led to Clinton’s election in 1992. During the 1990s we had the dot.com bubble fuelled by foreign investment. Capital gains taxes on stock price inflation and counting trust funds like Social Security as budgetary assets allowed Clinton to balance the federal budget the last three years of his presidency.

But the dot.com bubble also burst with the loss of $7 trillion of wealth through the crash of 2000-2001. Next came the Bush bubbles—in housing, equity funds, commercial real estate, and hedge funds that have been deflating while threatening to destroy altogether the economic viability of what was once the world’s greatest industrial democracy. After this, the only bubble left for an economy that appears to be entering terminal depression may be the current fuel/food bubble that could result in the starvation of millions worldwide. Now the longstanding ambition of the financier elite for the destruction of the American republic may finally be realized—with a lot of help, of course, from their American friends.

"End Times" Can it be that the last stage of the U.S. takedown is "The Project for the New American Century"? Is this ambitious plan for "global leadership" through military might that was seemingly invented by the "neocons"— many with dual U.S. - Israeli citizenship — a Trojan Horse? It certainly appears that with 9/11 as a pretext, the neocons suckered the U.S. into the invasions of Afghanistan and Iraq as a means of military occupation of the Middle East. Certainly 9/11 and the Iraq invasion benefited Israel, as some Israeli politicians have frankly stated. Were the neocons also acting on behalf of the financial controllers in London and elsewhere? And was one reason the neocons were so eager to engage in a "clash of civilizations" against the Islamic world the Koranic prohibition of usury which states, "Those who charge Usury are in the same position as those controlled by the devil's influence. This is because they claim that Usury is the same as commerce. However, God permits commerce, and prohibits Usury." (Koran, Al-Baqarah 2:275)

Prior to 9/11, the Bush administration got Congress to cut taxes for the highest income brackets, reversing Bill Clinton’s budget surpluses. The tax cut remained in effect, even as the massive expenditures on the Middle Eastern wars mounted. The consequence has been to bring the federal government to the brink of bankruptcy. The last official act of this phase could well be the ultimate insanity of a U.S. attack on Iran. If successful, this would complete the Western conquest of the Middle East but may start a larger conflict that could eventually force the U.S. to withdraw its forces once the money runs out. Israel would then be at liberty to sweep in to dominate a region that U.S. military power had devastated.

Whatever may happen overseas, the U.S. economy at home is on the verge of collapse. It if does, we will have to retreat to our own shores and face here the edifice of a ruined nation with no manufacturing base, a crumbling infrastructure, an aging population, insufficient food, poorly developed resources, and the collapse of the dollar. Of course the prophets of doom who claim that overpopulation must inevitably lead to Malthusian scarcity will take all this as justification of their prejudices. The rumored North American Union, with its currency the amero, could then follow, both under the control of the financiers.

Meanwhile in Russia, things took a surprising turn when the Russian people threw out their communist controllers in 1991 and established a Russian republic. The financiers immediately took over through the government of Boris Yeltsin and began to divide up the nation’s resources through their local allies, the "oligarchs." But the Russian people refused to comply. Despite desperate poverty, they elected Vladimir Putin, a nationalist leader who moved quickly to establish a self-governing Russian state that the financiers and the Western press clearly intend to take down. Russia is now back on the world scene and a revival of the Orthodox Church is taking place. The drama in that country has not been entirely played out it seems.

As far as the U.S. is concerned, the financiers will have used us for a century and then thrown us in the trash. The U.S. may well be replaced by China, which the financiers seem to be grooming as the world’s next military enforcer. China has the advantage of an absolutist one-party system which has achieved remarkable success in terrorizing its huge population into obedience and passivity. The financiers would not hesitate to sacrifice hordes of Chinese to fight both Russia and what may remain of the U.S. By this time, the European Union will likely have its own unified nuclear deterrent to protect the financial centers. The time may come when there will be Chinese bases in the U.S. as occupiers and military police. The wisest and safest course for U.S. foreign policy could be a new alliance with Russia that would rekindle our affinity with that nation from over a century ago.

But how likely is this in a world ruled by the financiers where the destruction of the two nations is a long-term goal? One of the tools of financier domination in the meantime will likely be worldwide famine engineered by artificial shortages. This has already started and may cause hundreds of millions of people to die and their resources to be seized. The smokescreens for this will not only be peak oil but also global warming as a means of dealing with the world’s "surplus eaters." Numerous non-profits and NGOs are greasing the skids with their insistent lobbying against even responsible economic development. Now in the U.S. we will likely see riots, panic, martial law, plagues, epidemics, and prison camps, much of which has already begun with police crackdowns, anti-terrorist exercises, declining public health, erosion of civil liberties, and the world’s largest prison population.

Continued next month in part 3.