COURSE OF THE BANKERS TO ULTIMATE POWER
With skilful application of usury (compound-complex interest added onto loans) bankers have emerged as the strongest of professions. By the mid-seventeenth century, they had gathered together in one place, each bringing their immense wealth into a mountain valley. 'Here', they said,'will reside the most neutral of countries'- Switzerland. In this mountain valley rich bankers quietly merged their vast fortunes and secretly financed all wars - all to be fought, of course, in foreign lands. These new bankers obviously comprehended the second greatest lesson our history teaches: 'war creates debt and debt creates war.'
The greatest lesson is 'that by controlling the monetary system of each country and adding interest to the loans made there, international bankers can indebt each independent country to the point where there is no way of ever paying off these loans.' This process would eventually legitimize the bankers' claim over the real assets of the borrower countries and allow them to 'repossess' the security that had been put up as collateral for these loans.
None of this would be possible, of course, if the leaders of these countries were the honest servants of the public they claim to be, ethical politicians who work diligently for the benefit of their constituents. It therefore became imperative for these bankers to search out and to identify the most greedy, the most vulnerable to blackmail and the smartest prospects for leadership they could find, before 'sponsoring' these corrupt politicians' leadership campaign, or, just prior to exercising their very significant influence in order to promote preferred public service mandarins. It was, I believe, for this purpose that Rhodes scholarship programmes in England were developed.
It was for this same purpose, empire building, that the Bank of England was created in 1694. It provided the money to rescue King William during the 1689-97 War. All Europe followed England's lead as country after country fell under bankers' monetary control. Each in turn - the Spaniards, Portuguese, Italians, Austrian and French royalties, usually with their religious leaders - were financed to defend themselves against popular revolutions at home, or to fight empire-building wars abroad. These empire builders had imposed their authority by force upon the aboriginal people in the 'new worlds' that they discovered; fo the bankers, there never has been a shortage of empire builders willing to loot and retrieve the riches of others. They benefit by living 'the good life' at taxpayer's expense. Yet, the poor taxpayer might not be so gullible if the big media did not in fact 'manufacture consent' nor promote the bankers' propaganda. All big bankers, all big corporations, all big labour unions and 'big' media are of like mind when it comes down to sharing 'the good life' at the taxpayer's expense.
That is also why international bankers were able to grab control over the USA's Federal Reserve in 1913 (Woodrow Wilson) and our own Bank of Canada in 1935 (William Lyon MacKenzie King). Prior to that time, as stated above, our government had itself owned the right to print our money. The profit earned on the sale of this money to the banks (2%), issued for resale to corporations and the public (the banks 'survived' on a spread of one-half to one percent), was sufficient to carry all national infrastructure expenses, without the need for any income or consumption taxes. All of this has changed since then as ever-spiralling tax increases are needed to pay interest / usury annually, simply because the international bankers stole our printing press.