July 2007

FINANCIAL MELTDOWN

Dear Friend of Radio Liberty,

"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 the duress of small groups of dominant men."
President Woodrow Wilson: 1918, "The New Freedom," p. 201 [1]

"I have recently read the article again, and I would not change a word."
Alan Greenspan, former Chairman of the Federal Reserve Board [2]

"I don't know whether change will come with a bang or a whimper, whether sooner or later. But as things stand, it is more likely than not that it will be financial crises rather than policy foresight that will force the change."
Paul Volcker, Washington Post, April 10, 2005 [3]

"The popular notion that inflation is the way politicians reduce public debt without formally abrogating it is not far from the truth . . . inflation is a manifestation of looming government insolvency."
David Ranson et al., Wall Street Journal, July 5, 2007 [4]

Have you ever wondered:

Sir Julian Hodge, a famous British investor, wrote:

"In no circumstances enter the derivatives trading market without first agreeing it in writing with me . . . at some time in the future it could bring the world's financial system to its knees." [7]

And Warren Buffett wrote that derivatives are:

". . . time bombs both for the parties that deal in them and the economic system . . . . In our view . . . derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal." [8]

If that is true, why did Alan Greenspan oppose the Congressional efforts to regulate derivatives, and diminish the severity of the coming economic crash?

Have you ever wondered why the Bush administration is considering a preemptive attack on Iran that could raise the price of oil, and precipitate a world-wide financial crisis?

If the public understood what lies ahead, they would be horrified because most people will lose their life savings, many people will lose their homes, and everyone will lose their freedom.

How could that happen? It's very simple. A small group of powerful men have controlled both political parties, most major media outlets, most major corporations, and most major banks for over 100 years. President Woodrow Wilson tried to warn the American people about the cabal almost a century ago when he wrote:

"Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it."
The New Freedom: page 13-14

"The control of credit . . . has become dangerously centralized. It is the mere truth to say that the financial resources of the country are not at the command of those who do not submit to the direction and domination of small groups of capitalists who wish to keep the economic development of the country under their own eye and guidance. The great monopoly in this country is the monopoly of big credits. So long as that exists, our old variety and freedom and individual energy of development are out of the question. A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom."
The New Freedom: pp. 184-85

"We have restricted credit, we have restricted opportunity, we have controlled development, and 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 the duress of small groups of dominant men."
The New Freedom: Page 201 [9]

How could a small group of men control the credit and commerce of our country for over a century, and conceal that fact from the vast majority of American citizens? It's very simple. Members of the cabal own 95% of the major media outlets, and are energized by a "powerful, spiritual force" that guides them, and blinds the public. If you would like to document the existence of the "spiritual force," I suggest you read my book, Brotherhood of Darkness, my three-pamphlet set, The Occult Hierarchy, listen to my talk, The Forbidden Secret, and watch Chris Pinto's DVDs, The Secret Mysteries of America's Beginnings and Riddles in Stone. [10] What is their goal? They want to undermine national sovereignty, destroy the financial system, and create a world government. Will they succeed? Everything is in place. They have a world army (NATO), a world police force (Interpol), a world bank, and the United Nations provides the executive, legislative, and judicial bodies needed to establish a world government. The next step is to establish regional trading blocs: the European Union, the North American Union, The African Union, the Arab Union and the EASEAN Union, and bring them under the administrative control of the UN. The last step will be a world currency. How will they accomplish that goal?

I will discuss that issue, and the coming destruction of the U.S. economy, in this and subsequent Radio Liberty letters. If you want additional information, I suggest you read my pamphlet, A History of Money: What you Should Know, Ed Griffin's book, The Creature From Jekyll Island, Professor Sutton's book, The Federal Reserve Conspiracy, Andrew Dickinson White's book, Fiat Money Inflation in France, and watch my DVD or video, The Financial Tsunami. [11]

The current American financial system is founded on two non-biblical precepts:

(1) Usury (interest), and
(2) Fiat money (paper money without gold backing).

(1) Very few modern-day theologians mention the fact that the Bible warns us that usury is a sin. Ezekiel, Chapter 18, verses 10 - 13 states:

10. If he beget a son that is a robber, a shedder of blood, and that doest the like to any one of these things,
11. And that doeth not any of those duties, but even hath eaten upon the mountains, and defiled his neighbor's wife,
12. Hath oppressed the poor and needy, hath spoiled by violence, hath not restored the pledge, and hath lifted up his eyes to the idols, hath committed abomination,
13. Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; he shall surely die; his blood shall be upon him.

On the other hand, a righteous son who hasn't oppressed the poor or committed the sins that are listed, and . . .

17. That hath not received usury nor increase, hath executed my judgments, hath walked in my statutes; he shall not die for the iniquity of his father, he shall surely live. [12]

The Christian Bible and the Koran condemn usury, but wealthy Jews have lent money to gentiles for three thousand years, and most Christian leaders accepted the practice of usury in the early 1600s because Sir Francis Bacon convinced them lending money at a "reasonable rate of interest" would encourage trade, and help the poor. [13] Why is that important? Because Sir Francis Bacon was a Rosicrucian, and the primary architect of the tragic events that are taking place today. [14] The widespread use of usury, credit, and fiat money allowed the men who were associated with "secret societies" (the cabal) to control the financial destiny of our nation, and control the world.

(2) Fiat money (currency without gold backing).

Sophocles (495-406 B.C.) wrote:

"Money: there's nothing in the world so demoralizing as money." [15]

Aristotle (384-322 B.C.) wrote:

"In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority, and god-like intelligence for kings." [16]

Gold and silver coinage has been used as a medium of exchange for thousands of years, but Timothy, who accompanied Saint Paul, wrote:

"The love of money is the root of all evil." [17]

Thomas Jefferson understood the fate that befell ancient Greece and ancient Rome when they abandoned the monetary disciple of gold. He understood what happened in France under John Law and following the French Revolution. He witnessed the disastrous result of printing paper money during the American Revolution. As a result, Thomas Jefferson wrote:

"Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by a deluge of bank paper, as we were formerly by the old Continental paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who instead of employing their capital, if any they have, in manufactures commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs. Prudent men must be on their guard in this game of Robin's alive, and take care that the spark does not extinguish in their hands. I am an enemy to all banks discounting bills or notes for anything but coin. But our whole country is so fascinated by this Jack o'lantern wealth, that they will not stop short of its total and fatal explosion." [18]

Thomas Jefferson recorded that warning in 1814. The following year the bankers contracted the money supply, and collapsed the American economy.

Daniel Webster witnessed the suffering that ensued, and wrote:

"Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money." [19]

President Woodrow Wilson recognized the danger of centralizing credit in the hands of a small group of powerful men, and wrote (1918):

"A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom." (italics added-ed) [20]

Twenty years later (November 21, 1933) President Roosevelt wrote a letter to Colonel House that stated:

"The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson." [21]

You can obtain a copy of President Roosevelt's letter from Radio Liberty. [22]

Alan Greenspan understood the danger of fiat money, and wrote (1966):

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold . . . The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth." [23]

Twenty years later, when Alan Greenspan was Chairman of the Federal Reserve System, he orchestrated the cabal's effort to destroy the U.S. economy. Alan Greenspan:

Why did Greenspan do those things? Several years ago, when Congressman Ron Paul asked him if he still believed what he wrote about gold and deficit spending in 1966, he responded:

"I have recently read the article again, and I would not change a word." [24]

Paul Volcker (TC-CFR), and Alan Greenspan (TC-CFR) are the primary architects of the Trilateral Commission's effort (the cabal) to destroy the economic stability of our nation. What is the Trilateral Commission? Barry Goldwater wrote:

"The Trilateral Commission is . . . intended to be the vehicle for multinational consolidation of the commercial and banking interests by seizing control of the political government of the United States." [25]

The Trilateral Commission's initial goal was to seize "control of the political government of the United States," and use the military and financial power of the U.S. to "consolidate the commercial and banking interests" of the nations of the world. What was the next step?

Paul Volcker is a member of the cabal that controls our nation. His April 10, 2005, Washington Post article, "An Economy On Thin Ice," describes what lies ahead:

"Under the placid surface, there are disturbing trends: huge imbalances, disequilibria, risks - call them what you will. Altogether the circumstances seem to me as dangerous and intractable as any I can remember, and I can remember quite a lot. What really concerns me is that there seems to be so little willingness or capacity to do much about it . . . personal savings in the United States have practically disappeared. To be sure, businesses have begun to rebuild their financial reserves. But in the space of a few years, the federal deficit has come to offset that source of national savings. . . . What holds it all together is a massive and growing flow of capital from abroad, running to more than $2 billion every working day, and growing. . . . More recently, we've become more dependent on foreign central banks, particularly in China and Japan and elsewhere in East Asia. . . .

The difficulty is that this seemingly comfortable pattern can't go on indefinitely. I don't know of any country that has managed to consume and invest 6 percent more than it produces for long. The United States is absorbing about 80 percent of the net flow of international capital. And at some point, both central banks and private institutions will have their fill of dollars.

I don't know whether change will come with a bang or a whimper, whether sooner or later. But as things stand, it is more likely than not that it will be financial crises rather than policy foresight that will force the change." [26]

The "financial crises" that Paul Volcker predicted are under way. David Ranson and Penny Russell's recent article, "Money Meltdown," discusses the history of money and the tragic events that are taking place. Their remarks are recorded in bold type: my response is recorded in italics.

"The popular notion that inflation is the way politicians reduce public debt without formally abrogating it is not far from the truth . . . inflation is a manifestation of looming government insolvency." [27]

Prices increased slowly after World War II, the price of goods increased rapidly during the Vietnam War, and prices exploded after President Nixon took the United States off the Gold Standard in 1971. The money supply has increased 12-fold, and the federal debt has increased 19-fold since that time. [28]

"In reality, up to and including the 19th century, significant inflation had been the exception rather than the rule. And when it did occur it was usually local rather than global. In the U.S., for example, cumulative consumer-price inflation was zero from 1820 to 1913, just prior to World War I. In the United Kingdom, consumer prices were lower at the beginning of World War II than they had been in 1800. In England the prices of consumables rose at an average annual rate of less than .4% over the centuries-long run between 1210 and 1940." [29]

Why was the price of English products stable for 700 years? Because England's currency was backed by gold. The current inflationary spiral began in 1913 when Congress established the Federal Reserve System and ceded control of the U.S. monetary system to the cabal. What happened? The cabal expanded the money supply, issued fiat money, enriched themselves, financed a series of senseless, no-win wars, and confiscated the wealth (gold) of the American people. By 2007 the U.S. dollar had lost 96% of its 1913 purchasing power, and will lose most of its remaining value because fiat money systems always fail.

There is much more to this story, but it will have to wait until next month.

The situation in Asia becomes more dangerous every day. Turkey is making plans to attack Kurdistan, the Pentagon wants to send American forces into Pakistan to attack the Taliban, a third U.S. carrier strike force has been sent to the Persian Gulf, and Israel and Syria are making preparations for war. What can we do? Most Americans know that something is seriously wrong. We must reach them, help them understand the spiritual nature of the struggle, lead them to our Lord, and remember the old refrain:

"Mine eyes have seen the glory of the coming of the Lord, He is trampling out the vintage where the grapes of wrath are stored; He hath loosed the fateful lighting of His terrible swift sword His truth is marching on.

I have seen Him in the watchfires of a hundred circling camps; they have builded Him an altar in the evening dews and damps; I can read His righteous sentence by the dim and flaring lamps His day is marching on.

He has sounded forth the trumpet that shall never call retreat; He is sifting out the hearts of men before His judgment seat; O be swift, my soul, to answer Him! Be jubilant my feet Our God is marching on.

In the beauty of the lillies Christ was born across the sea, with a glory in His bosom that transfigures you and me; as He died to make men holy, let us die to make men free, while God is marching on." [30]

Barbara and I appreciate your faithful support and your prayers.

Yours in Christ,

Stanley Monteith

 

REFERENCES

1.Woodrow Wilson, The New Freedom, Doubleday, Page & Company, 1918, p. 201.
2. www.strike-the-root.com/4/smith/smith6.html
3. Paul Volcker, "An Economy On Thin Ice," The Washington Post, April 10, 2005, p. B07
4. David Ranson et.al., "Money Meltdown," The Wall Street Journal, July 5, 2007, p. A15.
5. www.washingtonmonthly.com/features/2004/0404.wallace-wells.html 6. Steven Pearlstein, "The Laissez-Fairest of Them All," The Washington Post, January 20, 2006, D01
7.www.ex.ac.uk/~RDavies/arian/scandals/derivatives.html
8. Ibid. 9. Woodrow Wilson, op. cit., pp. 13-14, 184-185, p. 201.
10. Available from Radio Liberty, 800-544-8927.
11. Ibid.
12. Holy Bible, King James Version, Ezekiel 18: 10-17.
13. www.authorama.com/essays-of-francis-bacon-42-html 14. Manly P. Hall, The Secret Destiny of America, The Philosophical Research Society, Los Angeles, CA, 1944, p. 130.
15. John Bartlett, Familiar Quotations, Little, Brown and Company, 1982, p. 74.
16. http://boards.fool.com/Profile.asp?uid=128344, p.2.
17. Holy Bible, King James Version, I Timothy 6:10.
18. http://goldprice.org/bob/2006_12_01_/archive.html p. 3.
19. www.fame.org/NotableQuotes.asp
20. Woodrow Wilson, op. cit, p. 185.
21. Copy available from Radio Liberty.
22. Ibid.
23. www.321gold.com/fed/greenspan/1966.html
24. www.strike-the-root.com op. cit.
25. Barry Goldwater, With No Apologies, William Morrow and Company, New York, 1979, p. 280.
26. Paul Volcker, op. cit.
27. David Ranson, op. cit.
28. www.usagold.com/gildedopinion/greenspan-gold.html
29.David Ranson, op. cit.,
30. www.cbn.com/spirituallife/devotions/battlehymn.aspx


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