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Central Banking and the Private Control of Money
Continued from page 16 ates out of nothing. The government then about any wild scheme. One venture pro-
spends this new money. Once deposited, posed draining the Red Sea to recover gold
In 1770, Sir William Pitt, speaking to the _ private banks use these new deposits to cre- supposedly lost when the Egyptian Army
House of Lords, said: ate ten times as much in new fractional drowned pursuing Moses and the Israelites.
There is something behind the throne reserve loans. This provides the economy By 1698, just four years later, govern-
greater than the king himself. with the additional money needed to pur- ment debt had grown from the initial one-
This reference to the Money Changers _ chase the other 90 per cent of the new _and-a-quarter-million pounds to £16 mil-
behind the Bank of England gave birth to bonds without drying up capital markets lion. Naturally, taxes were increased and
the expression, ‘the power behind the and forcing up interest rates. By borrowing _ then increased again to pay for all this.
throne’. In 1844, Benjamin Disraeli, ina the money (i.e., selling new bonds), the With the British money supply firmly in
veiled allusion to this same power, wrote: government spreads out the inflationary __ the grip of the Money Changers, the British
The world is governed by very different effects over the term of the bonds. Thus economy began a wild roller-coaster series
personages from what is imagined by there is little to no immediate inflation. of booms and depressions—exactly the sort
those who are not behind the scenes. More money in circulation makes your _ of thing a central bank claims it is designed
On 21 November 1933, US President money worth less. The politicians get as _ to prevent.
Franklin D. Roosevelt wrote in a letter to a much money as they want, and the people gntinued in the next issue of NEXUS...
confidant: pay for it in inflation—which erodes the oo ; ;
The real truth of the matter is, as you purchasing power of their savings, fixed Note: This article was extracted and edited, with
d lk th i . ‘ial ell at . ra and wages. Th se beauty of Permission, from the revised and updated book
an now, that a financial element in income and wages. The perverse beauty of of the video, The Money Masters: How
the large centers has owned government the plan is that not one person in a thou- International Bankers Gained Control of America,
ever since the days of Andrew Jackson... sand can figure it out because it's deliber- produced by Patrick S. J. Carmack for Royalty
The central bank scam is really a hidden ately hidden behind complex-sounding ene oan: Piedmont, Oklahoma,
tax, but one that benefits private banks economics gibberish. The full effects of The Money Masters book and video are avail-
more than the government. The govern- the inflation are only experienced much _ able from: PO Box 4005, Joplin, MO 64803-
ment sells bonds to pay for things for — later—too late to stop. 4005; tel 1888-THE-PLOT ext. 60 (USA only), or
. . : " : - . (417) 626 0402 if outside the USA; fax (417) 626
which the government does not have the With the formation of the Bank of 9403. The book costs USD$14.95 + p&h; the 2-
political wisdom or will to raise taxes to England, the nation was soon awash in __ videotape set costs USD$39.95 + $5.95 p&h for
pay. But about 10 per cent of the bonds are money. Prices throughout the country dou- NTSC, USD$44.95 + p&h for PAL. See also their
. ann websit' ‘www.themoneymasters.com> for
purchased with money the central bank cre- bled. Massive loans were granted for just wore ordering and contents pymaste’s-co to
about any wild scheme. One venture pro-
posed draining the Red Sea to recover gold
supposedly lost when the Egyptian Army
drowned pursuing Moses and the Israelites.
By 1698, just four years later, govern-
ment debt had grown from the initial one-
and-a-quarter-million pounds to £16 mil-
lion. Naturally, taxes were increased and
then increased again to pay for all this.
With the British money supply firmly in
the grip of the Money Changers, the British
economy began a wild roller-coaster series
of booms and depressions—exactly the sort
of thing a central bank claims it is designed
to prevent.
In 1770, Sir William Pitt, speaking to the
House of Lords, said:
There is something behind the throne
greater than the king himself.
This reference to the Money Changers
behind the Bank of England gave birth to
the expression, ‘the power behind the
throne’. In 1844, Benjamin Disraeli, in a
veiled allusion to this same power, wrote:
The world is governed by very different
personages from what is imagined by
those who are not behind the scenes.
On 21 November 1933, US President
Franklin D. Roosevelt wrote in a letter to a
confidant:
The real truth of the matter is, as you
and I know, that a financial element in
the large centers has owned government
ever since the days of Andrew Jackson...
The central bank scam is really a hidden
tax, but one that benefits private banks
more than the government. The govern-
ment sells bonds to pay for things for
which the government does not have the
political wisdom or will to raise taxes to
pay. But about 10 per cent of the bonds are
purchased with money the central bank cre-
Note: This article was extracted and edited, with
permission, from the revised and updated book
of the video, The Money Masters: How
International Bankers Gained Control of America,
produced by Patrick S. J. Carmack for Royalty
Production Company, Piedmont, Oklahoma,
USA © 1998.
The Money Masters book and video are avail-
able from: PO Box 4005, Joplin, MO 64803-
4005; tel 1888-THE-PLOT ext. 60 (USA only), or
(417) 626 0402 if outside the USA; fax (417) 626
0403. The book costs USD$14.95 + p&h; the 2-
videotape set costs USD$39.95 + $5.95 p&h for
NTSC, USD$44.95 + p&h for PAL. See also their
website at