May 2009

PROPHETIC WARNING

Dear Friend of Radio Liberty,

"Both houses of Congress have become increasingly irrelevant. . . . In case you hadn't noticed, America's domestic policy is now being run by Alan Greenspan and the Federal Reserve Board. Their decisions about interest rates are determining how many of us have jobs and how many of us get a raise . . . Congress is out of this loop."
Robert Reich, "Trial ties up Senate? Don't worry; Congress is irrelevant,"
USA Today, January 7, 1999 [1]

"The paper system being founded on public confidence and having of itself no intrinsic value, it is liable to great and sudden fluctuations, thereby rendering property insecure and the wages of labor unsteady and uncertain. The corporations which create the paper money can not be relied upon to keep the circulating medium uniform in amount. In times of prosperity, when confidence is high, they are tempted by the prospect of gain or by influence of those who hope to profit by it to extend their issue of paper beyond the bounds of discretion and the reasonable demands of business; and when these issues have been pushed on from day to day, until the public confidence is at length shaken, then a reaction takes place, and they immediately withdraw the credits they have given, suddenly curtail their issues, and produce an unexpected and ruinous contraction of the circulating medium, which is felt by the whole community. The banks by this means save themselves and the mischievous consequences of their imprudence or cupidity are visited upon the public."
President Andrew Jackson's Farewell Address, March 4, 1837 [2]

"We are not left to conjecture how the moneyed power, thus organized and with such a weapon in its hands, would likely to use it. The distress and alarm which pervaded and agitated the whole country when the Bank of the United States waged war upon the people in order to compel them to submit to its demands can not yet be forgotten. The ruthless and unsparing temper with which whole cities and communities were oppressed, individuals impoverished and ruined, and a scene of cheerful prosperity suddenly changed into one of gloom and despondency ought to be indelibly impressed on the memory of the people of the United States."
Ibid. [3]

Who is responsible for the economic crisis that is destroying the financial structure of our nation? Have similar things happened before? Why doesn't Congress intervene and correct the problem? Congress can't correct the problem because "Congress is irrelevant." Who made that statement? Robert Reich, the former Secretary of Labor. He wrote an op-ed article that was published in USA Today on January 7, 1999, titled "Trial ties up Senate? Don't worry; Congress is irrelevant," where he proclaimed:

"Both houses of Congress have become increasingly irrelevant. . . . In case you hadn't noticed, America's domestic policy is now being run by Alan Greenspan and the Federal Reserve Board. Their decisions about interest rates are determining how many of us have jobs and how many of us get a raise . . . Congress is out of this loop. . . . America's foreign policy, meanwhile, is now being run by the International Monetary Fund, with some coaching from the Treasury Department. . . . When the president decides to go to war, he no longer needs a declaration of war from Congress. He just calls up a few generals, phones Tony Blair in Britain and sends in the bombers." [4]

Who is Robert Reich and why are his views important today? Robert Reich has been associated with the Power Elite (Brotherhood of Darkness - BOD) that controls the world since he was a Rhodes Scholar at Oxford University in 1969. Robert Reich is/or has been:

(1) A Rhodes scholar.
(2) A professor at Harvard University.
(3) Secretary of Labor during the Clinton administration.
(4) A member of President Clinton's and President Obama's economic transition team.
(5) Named by Time magazine as one of "Ten Most Successful Cabinet Members."
(6) Cited by the Wall Street Journal as among America's "Top Ten Business Thinkers."
(7) The author of 13 books.
(8) Professor of Public Policy at the University of California in Berkeley. [5]

Robert Reich is one of the few public figures who has been willing to admit that "Congress is out of this loop," and largely irrelevant. Why is that? Because the United States has an Invisible Government (Brotherhood of Darkness) that controls the Federal Reserve System, the World Bank, the World Trade Organization, and dictates the foreign and domestic policies of our nation. How does the BOD control those organizations and the government? Through the Trilateral Commission that was (according to Senator Barry Goldwater) organized in 1973 "for multinational consolidation of the commercial and banking interests (of the world-ed) by seizing control of the political government of the United States." [6]

Does the Trilateral Commission control the U.S. government today? Yes! Between 1976 and 2008:

Three out of four Chairmen of the Federal Reserve System (prior to Ben Bernanke) were members of the Trilateral Commission.
Six out of eight World Bank presidents were members of the Trilateral Commission.
Eight out of ten U.S. Trade Representatives (to the World Trade Organization) were members of the Trilateral Commission.
Seven out of twelve Secretaries of State were members of the Trilateral Commission.
Nine out of twelve Secretaries of Defense were members of the Trilateral Commission.
Every president and/or vice president of the United States was a member of the Trilateral Commission.

And, at the present time:

Eleven of President Obama's key Cabinet members, advisors, and State Department officials are current or prior members of the Trilateral Commission. [7]

Could that have happened by accident? That subject was covered in several previous Radio Liberty letters. I hope you will read them again.

This month I am going to discuss President Jackson's "battle" with the Second Bank of the United States. Andrew Jackson didn't understand the spiritual force that energized the men who owned the American Central Bank during his presidency, but he opposed their effort to control the American monetary system, and undermine the U.S. Constitution. Nicholas Biddle obtained a Charter for the Second Bank in 1816, and began issuing unbacked paper money. Andrew Jackson opposed that program because he knew it would end in disaster. We can learn a great deal about the events that are taking place today by studying the events that took place at that time.

President Franklin Delano Roosevelt understood the importance of President Jackson's battle with the Second Bank when he wrote:

"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. . . . The country is going through a repetition of Jackson's fight with the Bank of the United States - - only on a far bigger and broader basis." [8]

Andrew Jackson rallied public support, and defeated the powerful men (BOD) who owned the Second Bank; but, they persisted, and eighty years later (1913) the BOD established the Federal Reserve System, and seized control of our nation.

If you want to understand the cause of the current financial meltdown, and what lies ahead, you must understand why Andrew Jackson opposed Nicholas Biddle. I have reproduced the most important sections of President Jackson's 1837 Farewell Address in bold type. My comments are printed in regular type:

"In reviewing the conflicts which have taken place between different interests in the United States and the policy pursued since the adoption of our present form of Government, we find nothing that has produced such deep-seated evil as the course of legislation in relation to the currency. The Constitution of the United States unquestionably intended to secure to the people a circulating medium of gold and silver. But the establishment of a national bank by Congress, with the privilege of issuing paper money receivable in the payment of the public dues, and the unfortunate course of legislation in the several States upon the same subject, drove from circulation the constitutional currency and substituted one of paper in its place." [9]

The U.S. Constitution stipulated that U.S. money was to be based on gold and silver so it would retain its value, but Nicholas Biddle, and the powerful men who owned the Second Bank of the United States, issued large quantities of paper money because they wanted to enrich themselves, direct the major newspapers, and control the thoughts of the American people. President Jackson discussed that situation when he addressed his Cabinet on September 18, 1833, and stated:

"A new state of things has, however arisen since the close of the last session of Congress. The fact that the bank (The Second Bank of the United States-ed) controls, and in some cases substantially owns, and by its money supports some of the leading presses of the country is now more clearly established. Editors to whom it loaned extravagant sums in 1831 and 1832, on unusual time and nominal security, have since turned out to be insolvent, and to others apparently in no better condition accommodations still more extravagant, on terms more unusual, and some without any security, have also been heed- lessly granted." (the italics are in the original text) [10]

A similar situation exists today. Almost every major media outlet in the United States is owned or controlled by a member of the Trilateral Commission, Council on Foreign Relations, or the Bilderbergers, and those organizations are affiliated with the banking cabal that controls our government. [11]

President Jackson continued:

"It was not easy for men engaged in the ordinary pursuits of business, whose attention had not been particularly drawn to the subject, to foresee all the consequences of a currency exclusively of paper, and we ought not on that account to be surprised at the facility with which laws were obtained to carry into effect the paper system. Honest and even enlight- ened men are sometimes misled by the specious and plausible statements of the designing. But experience has now proved the mischiefs and dangers of a paper currency; and it rests with you to determine whether the proper remedy shall be applied." [12]

Central Banks issue paper money, and claim it will bring prosperity, but fiat money systems always fail, and impoverish the people. The Second Bank of the United States began issuing paper money in 1816 and produced a temporary period of prosperity, but the fraudulent system collapsed in 1837, and destroyed the economy of our nation. In a similar manner, the Federal Reserve System began issuing unbacked paper money in 1971, and the economy grew for 36 years, but the economic expansion ended in 2007, and caused the financial collapse that is destroying the fabric of our nation today. Its like deja vu all over again.

President Jackson continued:

"The paper system being founded on public confidence and having of itself no intrinsic value, it is liable to great and sudden fluctuations, thereby rendering property insecure, and the wages of labor unsteady and uncertain. The corporations which create the paper money can not be relied upon to keep the circulating medium uniform in amount. In times of prosperity, when confidence is high, they are tempted by the prospect of gain or by influence of those who hope to profit by it to extend their issue of paper beyond the bounds of discretion and the reasonable demands of business; and when these issues have been pushed on from day to day, until the public confidence is at length shaken, then a reaction takes place, and they immediately withdraw the credits they have given, suddenly curtail their issues, and produce an unexpected and ruinous contraction of the circulating medium, which is felt by the whole community." [13]

How did the BOD precipitate the current economic crisis? The major (BOD) banks curtailed lending, and the Federal Reserve began paying interest on bank reserves which removed $500 billion ($5 trillion) from the lending pool. What was the result? There was a "ruinous contraction of the circulating medium which . . . (was-ed) felt by the whole community." [14]

Henry Paulson (CFR-BB) asked Congress to provide $700 billion so he could stop the wave of home foreclosures that was sweeping across our nation. What happened? When Congress appropriated the money, Henry Paulson (CFR-BB) lent $125 billion to the Investment Banks (BOD banks) that caused the problem, and opposed Sheila Bair's (FDIC) effort to keep people in their homes. How did Henry Paulson explain his change of mind? He claimed the economy was collapsing because the Investment Banks (BOD banks) didn't have any money, but that wasn't true. Shortly after the Investment banks received the TARP funds:

Bank of America paid $7 billion for an interest in a Chinese bank. [15]
Citigroup paid $10 billion for ten toll roads in Spain. [16]
Citigroup sent $8 billion to Dubai, and J.P. Morgan Chase sent $1 billion to India. [17]

If the investment banks lent $ billions to foreign nations in December 2008, why did they curtail lending to businesses in the U.S. in the 4th quarter of 2008? The BOD wanted to collapse the American economy, create chaos, and establish a world government. [18]

President Jackson continued:

"The banks by this means save themselves and the mischievous consequences of their im- prudence or cupidity are visited upon the public. Nor does the evil stop here. These ebbs and flows in the currency and these indiscreet extensions of credit naturally engender a spirit of speculation injurious to the habits and character of the people. We have already seen its effects in the wild spirit of speculation in the public lands and various kinds of stock which within the last year or two seized upon such a multitude of our citizens and threatened to pervade all classes of society and to withdraw their attention from the sober pursuits of honest industry." [19]

The FED expanded the money supply during the Roaring Twenties, and the U.S. prospered.
The FED contracted the money supply in 1929, and precipitated the Great Depression.
The FED expanded the money supply during the Vietnam war era, and the nation prospered.
The FED contracted the money supply in 1980, and precipitated the Reagan recession.
The FED expanded the money supply from 1981-1987, and the nation prospered.
The FED contracted the money supply in 1987, and precipitated a recession.
The FED expanded the money supply during the 1990s, and produced the dot-com bubble.
The FED contracted the money supply in 2000, and ended the speculative bubble.

President Jackson continued;

"It is not by encouraging this spirit that we shall best preserve public virtue and promote the true interests of our country, but if your currency continues as exclusively paper as it now is, it will foster this eager desire to amass wealth without labor, it will multiply the number of dependents on bank accommodations and bank favors, the temptation to obtain money at any sacrifice will become stronger and stronger, and inevitably lead to corruptions, which will find its way into your public councils and destroy at no distant day the purity of your Government." [20]

That is taking place today. The Defense Department can't account for $2.3 trillion in expenditures, [21] almost $12 billion of the money that was sent to Iraq for development disappeared, [22] Bill and Hillary Clinton were given over $110 million after Bill Clinton left the presidency, [23] and many members of Congress accept large financial contributions from the financial community to compensate the Congressmen for their votes.

President Jackson continued:

"A portion of this currency frequently becomes depreciated or worthless, and all of it is easily counterfeited in such a manner as to require peculiar skill and much experience to distinguish the counter cited from the genuine note. These frauds are most generally perpetrated in the smaller notes, which are used in the daily transactions of ordinary business, and the losses occasioned by them are commonly thrown upon the laboring classes of society, whose situation and pursuits put it out of their power to guard them- selves from its impositions, and whose daily wages are necessary for their subsistence. It is the duty of every government so to regulate its currency as to protect this numerous class, as far as practicable, from the imposition of avarice and fraud. . . . Yet it is evident that their interest can not be effectually protected unless silver and gold are restored to circulation.

These views alone of the paper currency are sufficient to call for immediate reform; but there is another consideration which should still more strongly press it upon your attention.

Recent events have proved that the paper-money system of this country may be used as an engine to undermine your free institutions and that those who desire to engross all power in the hands of a few and to govern by corruption or force are aware of its power and prepared to employ it." [24]

That is taking place today. The BOD is using the Federal Reserve System to centralize "all power in the hands of a few, and to govern by corruption or force."

That is why, between 1976 and 2008, every president, and/or vice president of the United States, was a member of the BOD's Trilateral Commission.

I will try to conclude my analysis of President Andrew Jackson's Farewell Address next month. The devastating effect of the financial meltdown is spreading throughout the world. What lies ahead? A period of chaos and crisis. What can we do? We can continue our effort to educate the American people, we must look to God for provision and protection, and we will remember the inspiring hymn that proclaims:

"On a hill far away stood an old rugged cross, The emblem of suffering and shame;
And I love that old cross where the dearest and best, For a world of lost sinners was slain.
Oh, that old rugged cross, so despised by the world, Has a wonderous attraction for me;
For the dear Lamb of God left His glory above, To bear it to dark Calvary.
In the old rugged cross, stained with blood so divine, A wondrous beauty I see;
For 'twas on that old cross Jesus suffered and died, To pardon and sanctify me." [25]

Barbara and I appreciate your loyal support, and your continued prayers.

Yours in Christ,

Stanley Monteith




REFERENCES

1. Dennis Cuddy, The Globalists: The Power Elite Exposed, Hearthstone Press, 2001, p. 233.
2. www.aircrash.org/burnelli/ajackson.htm.
3. Ibid.
4. Dennis Cuddy, op. cit.
5. http://en.wikipedia.org/wiki/Robert_Reich
6. Barry Goldwater, With No Apologies, William Morrow and Company, Inc., 1979, p. 280.
7. www.augustreview.com/news_commentary/trilateral_commission/obama:_trilateral_...
8. Franklin Roosevelt, letter to Colonel House, November 21, 1933; available from Radio Liberty.
9. www.aircrash.org . . . op. cit.
10. Presidential Messages and State Papers, Volume III, The Review of Reviews Company, New York, 1917, p. 1081.
11. www.radioliberty.com/nlmar09.html, pp. 5-6.
12. www.aircrash.org . . . op. cit.
13. Ibid.
14. Celent, Flawed Assumptions About The Credit Crisis, December 2008.
15. http://firedoglake.com/2008/12/13/bank-of-america-spends-7-billion-on-chinese-bank-then...
16. www.marketwatch.com/story/citi-fund-buying-spanish-highways-for-10-billion
17. www.drudge.com/news/118840/kucinich-billions-tarp-money-sent
18. www.iht.com/bin/printfriendly.php?id=19281915
19. www.aircrash.org . . . op. cit., p. 8.
20. Ibid. 21. http://benfrank.net/patriots/news/national/pentagon_missing_trillions
22. www.guardian.co.uk/world/2007/feb/08/usa.iraq1/print
23. http://hyerstandard.com/2008/04/04/clintons-tax-returns-released-earned-110-million-paid-...
24. www.aircrash.org . . . op. cit., p. 8.
25. Charles Johnson, One Hundred & One Famous Hymns, Hallberg Publishing Corporation, Delaware, Wisconsin, 1982, p. 193.


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