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The Enduring Capitalist Conspiracy For World Government by Zahir Ebrahim

Dandelion Salad

Note: Please see Zahir’s post for more recent updates.

Updated: Nov. 17, 2008 Added the Addendum and footnotes; see below

Note: I added the video that was cited towards the end of this story.  ~ DS

by Zahir Ebrahim
featured writer
Dandelion Salad
Zahir’s blog post
Project Humanbeingsfirst

The Enduring Capitalist Conspiracy For World Government

With short excerpts from G. Edward Griffin’s Film

Zahir Ebrahim

Project Humanbeingsfirst.org

September 25, 2008

Revised September 28, 2008

© Project HumanbeingsfirstTM. Permission granted to use freely as per copyright notice.

Document ID: PHBFZE20080925 URL: http://humanbeingsfirst.org. | Print | PDF | Comment.


The 47 minute film titled “The Capitalist Conspiracy: An Inside View of International Banking”, by the author of the famous book on the founding of the Federal Reserve System “Creature from Jekyll Island”, can be watched here or here. The material that G. Edward Griffin used for his film to identify the private Western banking cartel as the Capitalist Conspirators, is from the book Tragedy and Hope, written by the George Town University Professor of History, and President Bill Clinton’s mentor, Dr. Carroll Quigley. The filmmaker also acknowledged W. Cleon Skousen’s book The Naked Capitalist, as the key source of inspiration for his film.

The transcription of excerpts from the internet version of this film in this essay is provided for those busy peoples of the world who do not have much time to read complex books, or to watch lengthy videos as they pursue their respective “American Dreams”. Excerpt-1 contains the first introductory minute of the full video, followed by two short 9 and 5 minute excerpt clips of the film found on youtube. It is hoped that the transcription of shorter clips will entice the reader into watching the full film, and into rationally connecting the dots to the Current Affairs that are grotesquely unfolding before everyone’s eyes even as I write this.

Furthermore, the reader is encouraged to replace the word “Communism” in the quoted excerpts with “Islamofascism” or “Islamism” as a mental experiment, to bring this revealing 1972 film into the modernity of 2008 without changing a single thing else. The Project Humanbeingsfirst’s reports: “From Balance of Terror to Unilateral Terror on the Grand Chessboard!” and “Islamofascism – Zionofascism – Judeofascism – Christofascism – Neofascism etc. An equitable distribution of Collateral Language!” fills in the remaining context for the fiction du jour of “War on Terror”! As of this writing, its full brunt is being faced by a beleaguered nuclear-armed Pakistan which is now posited as the world-threat – “the very petri dish of international terrorism” – as noted in the Press Release: “WHAT’S TO BE DONE – Massive Bomb Blast in Islamabad Marriott September 20, 2008”.

Excerpt-2 contains the following remarkable narration by G. Edward Griffin in the ’70s which forebodingly foretold the future that is manifestly here today:

Create conditions so frightful at home and abroad, that the abandonment of personal liberties and national sovereignty, will appear as a reasonable price for a return to domestic tranquility and world peace.

If those who seek world dominion can stimulate leftist mobs into violent confrontation with local law enforcement, and also provide exhaustive news coverage, so that the entire nation can see and tremble, then the peaceful and freedom loving majority can be programmed to accept a vast expansion of government powers, and even a national police force, offered supposedly to end the violence.

If those who seek world dominion can raise the spectre of an enemy, armed to the teeth with superior atomic weapons on the verge of launching a nuclear holocaust, and also offer world-government as the prevention, then millions of Americans can be programmed to accept the loss of national sovereignty, as our last best hope for peace.”

This predicted ominous future is today quite non-conspiratorially visible to all and sundry, as millions of Americans have already been programmed to accept their nation turning into a Police State as spelled out by Project Humanbeingsfirst in its “Response to ‘How the GOP Turned the US Into a Hideous Police State’”.

That Capitalist Conspiracy of the financial oligarchy leading to an end to national sovereignty, was also the likely prime-mover behind their influential mouth-piece CFR’s Foreign Affairs magazine April 1974 article “The Hard Road To World Order” by Richard N. Gardner. However, before proceeding to Gardner’s prescription, it is instructive to take a few moments to peruse on one’s own, Harper magazine’s July 1958 eye-opening introduction to the purpose and composition of CFR – the Council on Foreign Relations located in New York – written by CFR member Joseph Kraft, entitled “School for Statesmen”. Only then will the wide-ranging impact on global policy of the modus operandi outlined in 1974 by the former Deputy Assistant Secretary of State for International Organizations under Kennedy and Johnson, and a member of the Trilateral Commission, become coldly apparent:

In short, the ‘house of world order’ will have to be built from the bottom up, rather than from the top down. It will look like a great ‘booming, buzzing confusion’ to use William James’ famous description of reality, but an end run around national sovereignty, eroding it piece by piece will accomplish much more than the old-fashioned frontal assault.”

One example of this insidious “eroding it piece by piece” can be seen at play today in the short clip found on youtube of CNN report hosted by journalist Lou Dobbs, in which CFR author Robert Pastor outlined the plans for “Building a North American Community” by 2010 based on a CFR strategy/policy planning document with that name.

Republican Congressman Ron Paul called it the “Conspiracy of Ideas” during a 2008 Republican Presidential Candidates’ debate amidst thunderous applause from the audience.

He candidly and boldly observed that the “CFR exists, the Trilateral Commission exists”, and that it is “an ideological battle” in which:

some people believe in Globalism, and others of us believe in national sovereignty;

and there is a move on toward a North American Union just like early on there was a move on for a European Union and it eventually ended up. …

These are real things, it’s not somebody made these up, it’s not a conspiracy, they don’t talk about it, and they might not admit about it, but there has been money spent on it …

So it’s not so much a secretive conspiracy, it’s a contest between ideologies; whether we believe in our institutions here, our national sovereignty, our Constitution, or are we going to further move in the direction of international government, more UN.

You know, this country goes to war under UN Resolutions.

I don’t like big government in Washington.

So I don’t like this trend towards international government

But it’s not so much it’s a sinister conspiracy, it’s just knowledge is out there, if we look for it, you’ll realize our national sovereignty is under threat!”

Another instance of devilishly crafting the “end run around national sovereignty, eroding it piece by piece [to] accomplish much more than the old-fashioned frontal assault” can be seen in the crafty lender’s trap that most developing nations have been snared in by the tag team duo WB–IMF (see Financial Warfare). The belated exposés of consummate insiders now turned ‘priests’, like the famous John Perkins, tell the sorry tale of deprivation and in-humanity that is being continually visited upon the vast majority of the poor peoples on planet earth through this deliberate debt-lever which is used to compel once sovereign nations, into accepting the neo-liberal policies crafted by the same financial oligarchic Western ruling elite! The CFR is only its American Arm. The super-NAFTA highway under the Security and Prosperity Partnership (SPP) for the impending North American Union, only its latest victim!

The European arm of this Western axis of evil is buried in other similar institutional forums of the enormously wealthy, such as the annual Bilderbergers meeting, the RIIA British parent-arm of the American CFR, etc. This two-minute documentary clip showing Vice President Dick Cheney speaking at the CFR reveals the role of institutional money-bags like David Rockefeller in influencing/manufacturing global policies quite unbeknownst to the affected public.

The long-term solution to preempt such devious modus operandi of “eroding it piece by piece” was farsightedly outlined by Griffin in the ’70s – if only anyone was paying attention at the time – and is reproduced in Excerpt-3 below. Its item seven is of monumental interest to concerned citizens as it endeavors to eliminate the largest motivator behind wars, behind globalism, behind internationalism, by attacking their main financial lever which enables it all through the deceptive oligarchic control of their nation’s money supply.

How this financial lever is actually exercised to manipulate national destiny from behind the scenes was very colorfully, and based on the grotesque examination of reality, also accurately, depicted in a fictionalized book “Philip Dru: Administrator” by Col. Edward Mandell House. He was the principal advisor to President Woodrow Wilson, and both of them were responsible for enabling the Federal Reserve System racket in 1913 that Griffin exposes.

And the cycle of wars and profit which is largely responsible for creating such massive wealth consolidations in the first place that creates and sustains the financial lever, was even noted by the highly decorated American war hero of WWI, Major General Smedley Darlington Butler, in his famous booklet “War is a Racket”. Gen. Smedley Butler was the patriot who blew the whistle on the attempted 1933 fascist “Plot to seize the White House” by the financial oligarchs. That bizarre attempted fascist takeover of the United States, mirrored Hitler’s successful fascist takeover of Germany using the same pretext: threat from “Communism”. And both backed by the same financial oligarchs located in the Anglo-American nexus of evil!

Comparing this historical reality with the fictionalized depiction by Col. House in his book, makes the two remarkably congruent, as if one blueprints the other.

Just as today, Brzezinski’s book ‘The Grand Chessboard’ empirically blueprints the existential necessity of “Islamofascism”, with the new boogieman enabling the “lifetime” of “War on Terror” for “imperial mobilization”, the “World War IV”. A worthy successor indeed to its predecessor boogieman of “Communism”, which first enabled fascism to take root in Europe leading to WWII. Then after WWII, for the Cold War to hold the world hostage for four decades. The cycle repeats with the predictability of science, political science!

The ab initio enabler, and the eventual beneficiary behind the scenes, in all cases, is only one – the financial cartel which bankrolls all sides, and then takes over the assets of the defeated ones while simultaneously holding the ‘victorious’ in enormous debt burden incurred in the process – to which the United States government today, for its most recent wars since 911, owes trillions of dollars in principal and interest.

And all that these private financiers do to earn this ‘Karoon’s wealth’, is to legally print money by fiat – out of thin air – under the Federal Reserve System, and then loan it back to the United States government anytime the superpower wants to bring democracy to other nations, bail out collapsing institutions, increase defense spending for military transformation of its forces, or award nation re-building contracts after bringing them democracy!

And we haven’t even mentioned the role of the financial-elite in the management of the complex trading instruments of Wall Street and its boom-bust cycles which also mainly end up benefitting only them in multiple ways. One: they acquire real tangible assets of peoples and nations pennies to the dollar during bust in exchange for paper-money that was printed out of thin air in the first place. Two: they consolidate their hold over smaller entities who can’t survive the bust to create greater combines. Three: they get a bailout with tax-payer monies after having made a killing on the same speculative financial instruments which create the next bust in the cycle following an artificially crafted temporary boom! Four: the bailout money is also printed out of thin air by the Federal Reserve System and loaned back to the federal government for bailout use, which subsequently traps the tax-payer into paying off that additional money-issuance debt.

Yet, everyone pretends, including the economists, and especially the economists, that it is the unpredictable market forces of capitalism which create these boom-bust cycles! One can easily understand the co-option in this argument by examining the deliberately induced subprime financial crisis which now entails the very predictable trillion-dollar tax-payer’s bailout of the “banksters”. Michael Hudson in “Financial Bailout: America’s Own Kleptocracy” attempts to put it in plain words: “So why has the Treasury found it necessary to enter this picture at all? Why should these gamblers be bailed out, if they had enough to lose without having to become public wards by going on welfare? … This is the largest and most inequitable transfer of wealth since the land giveaways to the railroad barons during the Civil War era.”

But that bailout is still just the tip of the ice-berg. Columnist Ben Stein finally dares to suggest the anticipatedness of the bailout in his “expert” article on Yahoo finance. Stein first observes the fact that “The amount of subprime that defaulted was at most – after recovery in liquidation – about $250 billion. A huge sum but not enough to torpedo the US economy”. And after briefly explaining Credit Default Swaps – the newest speculative financial instrument responsible for this bust – Stein writes:

As I said, the profits here can be beyond imagining. (In fact, they can be so large that one might well wonder if the whole subprime fiasco was not set up just to allow speculators to profit wildly on its collapse…)”

Indeed! The financiers are laughing their way to their own deep vaults. For they surely find much to rejoice in what must be the new money-lender‘s adage, owe the bank a million dollars and can’t pay: you are in trouble; owe the bank a billion dollars and can’t pay: the bank’s in trouble; the bank owes a trillion dollars and can’t pay: the nation is in trouble and the bank ends up owning the nation!

The blatant truism of the latter conquest rests in the fact that the same private banks under the Federal Reserve System will also print the bailout money at the request of the federal government’s Treasury Department, loan it back to the federal government with interest, and stick the already overburdened tax-payer with the bill for both the principal and interest for the issuance of money to cover the bust! So the speculative financial instrument not only made its transactors an exponential amount of money on the speculation itself, but simultaneously, further ensnared the nation in the debt-trap!

It isn’t for nothing that Griffin has quoted Reginald McKenna as having stated: “they who control the credit of the nation, direct the policy of governments, and hold in the hollow of their hands, the destiny of the people.”

What a profoundly mathematical financial lever – only demigods could have thought of it, or their “chosen peoples”. The wiser God of world’s religions, including Judaism, Christianity, and Islam, and that of the literary world, William Shakespeare, forbid dealing in any usury based system precisely because of this lender’s trap which ultimately demands its “pound of flesh”! While usury is ancient, the speculative transaction is purely a modern day devilish invention by the financial geniuses running Wall Street, to more creatively instrument exponentially higher debt, and thus keep the public and governments perpetually ensnared in the usury cycle!

The end goal of the financial oligarchy this time around in the 21st Century? A global fascist world-government in which they own everything of value. But why fascist? And one might well ask what is the modern political science basis for that goal and how is it convincingly linked to the financiers?

Well, taking the second question first, and the first question towards the end of this essay. If one does not wish to recourse to inspiration from Plato or Nietzsche, Griffin points to a more recent linkage in the full video (14:37). Quoting from Dr. Carroll Quigley’s book, Griffin identifies John Ruskin as the key thinker at Oxford University in the UK in 1870, whose rehash of the same old ‘ubermensch’ doctrines of the ‘enlightened few’ and the ‘white man’s burden’, immensely influenced financial tycoons like Cecil Rhodes who was his student as an undergraduate, and Lord Alfred Milner, who was Rhodes’ confidante! Before WWI, Lord Milner set in motion the “Round Tables” which subsequently led to the founding of RIIA Chatham House in the UK, and the CFR in the US. Today, the CFR and its sister forums are the front face of “banksters” like David Rockefeller and the Anglo-American financial establishment!

This international financial cartel, with its apparent unlimited power today to wage wars of its choice, be it economic, military, food, medicine, disease, or revolutionary, for “eroding it piece by piece”, cannot be tamed in the short term by any domestic means in America.

It would appear that the solution-space of international balance of terror outlined by Project Humanbeingsfirst in its Press Release “The Only Solution to Avoid Total War May 15, 2008” may be a bit more efficacious in the immediate short term in order to gain valuable time at this late stage of the cancer. If the patient is bleeding to death, there is hardly any time left to cure the systemic disease! The first step must be to stop the unilateral and uninhibited flow, whether of blood, or of power. Apparently, the post-communist Russia feels the same way, judging by their markedly calculated response to Georgia’s premeditated provocation in distinct contrast to USSR’s intervention in Afghanistan, as noted in Project Humanbeingsfirst’s reports: “Georgia-Russia: It’s a Classic Brzezinski Project!” and “Hegemony is as old as mankind!”.

The Enduring Conspiracy for World Government

Some may rationally ponder that how is it, that such a long running global conspiracy can be kept alive across centuries and across geographies.

Noam Chomsky had once observed an insightful nature of such “conspiracies”, as the open shared natural goals stemming from the very nature of its definition, which could therefore, no more be termed a conspiracy than both GM and Ford endeavoring to maximize their profits at all cost be termed a ‘global corporate conspiracy’.

I have always added to that, the equally un-remarkable observation that a hungry lion anywhere in the world pouncing upon a lamb is similarly no global conspiracy by the world’s lions to eat up all the lambs on the planet. That is just the nature of the bestial predators when its “might defines right”. The only thing that occasionally deters such primacy is a collective natural response like the one observed in the “Battle at Kruger” park.

Indeed, the concepts of “right or wrong”, “moral and immoral”, do not even exist among any primal predators, for one only behaves according to one’s nature. Such platitudes, if they could be argued by the lion or the snake for instance, would in fact surely be greatly disseminated to the lambs and the mice to make them an even easier morsel to acquire!

Thus we observe that from Plato to Nietzsche, from the philosopher-king to the ‘ubermensch’, all have argued the necessity of ruling upon the sheepish masses as the ‘divine’ imperative of the “enlightened ones”. Indeed, Zbigniew Brzezinski even sub-titled his seminal book “The Grand Chessboard” with the egotistical “American Primacy and Its Geostrategic Imperatives”, merely extending that idea of ‘ubermensch’ rule from the most “enlightened ones”, to the most powerful sole-superpower!

The same theme exists among the “Chosen Peoples”, to deem their primacy upon the goyem their inherent nature, their divine destiny. The ‘ubermensch’ are suckled these lessons in their mothers milk to acquire those imperatives across generations in perhaps the same way as the generations of corporate executives and CEOs who inherently know that they need to continually enhance the valuation of their company’s stock performance in a capitalist system.

So when these ‘divine’ beings behave in their primal predatory natural manner across time and space, across evolution or creation, are they being “conspiratorial”? In the Chomsky-Ebrahim nomenclature, perhaps not.

In the Ron Paul nomenclature, it is merely a shared “Conspiracy of Ideas”.

In the United States’ legal nomenclature, breaking of a “federal statue” by at least two or more persons working in collusion (and when caught), is defined as “criminal conspiracy” and “federal crime”. According to the Columbia Encyclopedia, it is criminal whether or not Congress imposed criminal sanctions on the activity itself. A conspiracy need only be proved by “circumstantial evidence” even “if it violates the rules against hearsay evidence”.

According to such legalism, smart conspirators, if powerful enough, could affect the enaction of conducive federal statues, or prevent the enaction of adverse ones, that would enable them to get away with many morally reprehensible systems and acts. The Federal Reserve System for instance, falls into this category. Similarly, bootlegging is a federal crime one decade, a respectable business the next! And internationally, it is the enaction of laws under WTO which defines what is criminal and what isn’t – not the raping and harvesting of developing nations that goes on under its conspiratorial rubric!

Thus suffice it to say, the word “conspiracy” even has legal semantics, albeit limited.

But the multitudinous connotations of this word do not stop there. It also has a ‘tin-hatted’ or ‘kookish‘ implication in furtherance of the devilish art of political science based state-craft. This was indeed implied by Congressman Ron Paul in his afore-quoted speech when he stated regarding the North American Union: “These are real things, it’s not somebody made these up, it’s not a conspiracy, … So it’s not so much a secretive conspiracy, …”. As analyzed in Project Humanbeingsfirst’s report “Dialog among Civilizations: Whytalksfail? Part-1”:

And some of the best cloaking devices have been invented by the most brilliant minds – here is one for instance from Ezra Pound: “invent two lies and have the public keep arguing which one of them might be true”. Another is by Leo Strauss – the erudite teacher of the majority of the neo-cons – called “Noble Lies”. A third by the White House, often referred to as “plausible deniability”, okay may be it was invented by the DIA, the grand-daddy of all intelligence agencies. This thinly veiled euphemism for deception to protect the leadership if things go badly in covert-operations became public knowledge during the Iran-Contra scandal, the televised coverage of which had gripped the American nation for months, including myself. What are these [if not] conspiracies, if not covert-operations?”

Thus if it is axiomatically asserted that there is no such thing as a real conspiracy theory, then that really works wonderfully in the interest of the cloak-makers because it makes one forget the perspectives of history.

And this complex Machiavellian deception game bears exposing fully: invent two or more lies, not just one, and keep the good hearted well meaning peoples in the “populist democracy” occupied debating which one of them might be true, for it would hardly matter what conclusions they reached. And wherever they ended up, to perhaps yank one of the lies from underneath them by conclusively showing it to be false thus conveniently demonstrating a baseless “conspiracy theory” in order to keep that notion alive in the public imagination. This consequently delegitimizes in the public mind serious researchers’ efforts in uncovering any covert-operation while its secrecy is of paramount necessity. Afterwards, after faits accomplis, after statues of limitations expiring, it makes little difference if historians and con-fession artists make a pecuniary gain peddling what is inconsequential history to the newer evolving realpolitik du jour.

This is what was precisely happening with any serious investigations into how the towers fell on 911. And this is also precisely what my long time friend Harvey had asked me, whether I believed in this and that fantastic [conspiracy] theory as noted above, and [he] had quickly lumped every single 911 investigation with the bizarre, [packaged] all in one convenient easily dismissive ‘kookish’ category.”

So many complex semantics for the term “conspiracy theory” – it’s not just mere nomenclature – that this overview of its usefulness to state-craft was necessary in order to situate anything with such a bombastic title as “The Capitalist Conspiracy”, in its proper social-political context.

And an equally insightful and rational response to this question of long enduring conspiracy for world domination, is added to the mix by G. Edward Griffin in Excerpt-2:

After a man has far more money than he possibly can spend for pleasures, what is left to excite him? For those with the ruling class mentality, the answer is power – raw power over other human beings. Money can buy such power only to a point, beyond that, politics is the sport, and world politics is the ultimate game.”

Thus Griffin had aptly noted: “The New World Order Is Not New”. It becomes a moot point what one might call this predatory behavior. The undeniable fact remains that world-government has been a long historical passion – of both the powerful, as well as the poet-philosophers!

Indeed, it has been a long-held cherished dream of many a thinker and scholar – not just the financial ruling-elite – going back to H.G. Wells’ “New World Order and Bertrand Russell’s “Impact of Science on Society in its more recent incarnations of early to mid 20th century.

And certainly it goes all the way back to at least poet laureate Alfred Lord Tennyson in the mid 19th century, to his 1842 amazingly prescient poem Locksley Hall”.

This Tennyson poem has presciently, and very eloquently, captured the utopian single “universal law” giving world-government – a single federation of the world at the planetary level – in order to eliminate all deadly wars and squabbles among nation-states and peoples. Many throughout the ages have dismissed such righteous imagination of the poet-philosophers as mere utopian fodder for science fiction and literature. But indeed, it has also fueled the wet-dreams of the money-bags from the emperors of antiquity to the Rockefellers of modernity:

For I dipt into the future far as human eye could see,

Saw the Vision of the world and the wonders that would be….

‘Till the war-drum throbb’d no longer and the battle flags were furl’d

In the Parliament of man, the Federation of the world.

There the common sense of most shall hold a fretful realm in Awe,

That the kindly earth shall slumber, lapt in universal law.”

Both Lord Tennyson and H. G. Wells, surely only dreamed of a benign utopian planetary federation under a unified world-government – unless I have missed an Orwellian twist to their articulations – like the federation that most of us today in our mid-30s to mid-50s, grew up watching on the fictional ‘Star Trek’ television series on the scale of vast galaxies!

And in his book “New World Order”, H. G. Wells even outlined a manifesto, the “Declaration of the Rights of Man” – a very sensible, nay, morally very remarkable, 10-point seeding Articles for drafting a planetary level equitable ‘social contract’ for all the peoples of the planet.

The visionary H. G. Wells honestly and passionately concluded:

And if we, the virtuous democracies, are not fighting for these common human rights, then what in the name of the nobility and gentry, the Crown and the Established Church, the City, The Times and the Army and Navy Club, are we common British peoples fighting for?”

In Project Humanbeingsfirst’s report “Re-Imagining Pakistan’s Defenses – Open Letter to a Pakistani General” which imagines a ‘New World Order’ in Pakistan for “Saving Pakistan from Synthetic ‘Terror Central’”, it is indeed the genuine spirit of “fighting for these common human rights” as the ab initio predicate, which H. G. Wells too, surely quite earnestly, must also have based his 10th Article of the “Declaration of the Rights of Man” upon.

Quoted below, the enormously liberating force of Wells’ 10th Article, is a far cry from the “Universal Declaration of Human Rights” by the United Nations, as well as similar declarations in the newer EU Constitutional framework of Human Rights. Wherein, there occurs a statement in each of the latter ones, whose real sense is the exact opposite, stripping away Rights “inherent in mankind” under various ‘doctrines of necessity’ as deemed expedient by the State. And doing so mainly under the age-old pretext of maintaining ‘security’. Compare to H. G. Wells’ version:

No treaty and no law affecting these primary rights shall be binding upon any man or province or administrative division of the community, that has not been made openly, by and with the active or tacit acquiescence of every adult citizen concerned, either given by a direct majority vote of the community affected or through the majority vote of his publicly elected representatives. In matters of collective behaviour it is by the majority decision men must abide. No administration, under a pretext of urgency, convenience or the like, shall be entrusted with powers to create or further define offences or set up by-laws, which will in any way infringe the rights and liberties here asserted. All legislation must be public and definite. No secret treaties shall be binding on individuals, organisations or communities. No orders in council or the like, which extend the application of a law, shall be permitted. There is no source of law but the people, and since life flows on constantly to new citizens, no generation of the people can in whole or in part surrender or delegate the legislative power inherent in mankind.” (New World Order – H. G. Wells’ progressive version of this utopia)

It is in the above utopian context that the following frequently cited candid observation of H. G. Wells on the human condition, appearing in the same book – which is almost always taken out of context by those who quote it without actually reading the book – must be interpreted:

When the struggle seems to be drifting defiantly towards a world social democracy there may still be very great delays and disappointments before it becomes an efficient and beneficent world system. Countless people – will hate the New World Order – and will die protesting against it. When we attempt to evaluate its promise, we have to bear in mind the distress of a generation or so of malcontents, many of them quite gallant and graceful-looking people.” (New World Order – H. G. Wells)

If H. G. Wells was a devious Orwellian character, there really would have been no reason for creating the inordinately commonsensical, rational, fair, and very moral “Declaration of the Rights of Man” which immensely empower breaking all bonds of voluntary servitude!

But regardless, both Tennyson and Wells, and all the benign utopians they might represent throughout the ages who have shared in the lofty aspiration of world-government for all people’s betterment rather than just the ruling elite’s, might actually be a bit dismayed today at how their dreams of centuries and millennia, for all of mankind united as a single political microcosm equitably existing on planet earth, have been Orwellianlly hijacked.

The mechanisms for world-government which are presently rolling, and which anyone with even half a brain can easily perceive, will forcibly spell the end of the well known concept of independent nation-states through much bloodshed (that both Wells and Tennyson sought to avoid), and outright terminate any Charter of Human Rights that is not Orwellian!

Thus we see that the words like “peace” and “justice” are continually bandied about as justification, but only in their best Orwellian incantation, as in this 1975 statement by Henry Kissinger to the UN General Assembly:

My country’s history, Mr. President, tells us that it is possible to fashion unity while cherishing diversity, that common action is possible despite the variety of races, interests, and beliefs we see here in this chamber. Progress and peace and justice are attainable. So we say to all peoples and governments: Let us fashion together a new world order.”

Or as in this statement by Jimmy Carter during his 1976 Presidential campaign:

We must replace balance of power politics with world order politics.”

Later on, as the President of the United States, in a February 14, 1977 speech, Jimmy Carter stated:

I want to assure you that the relations of the United States with the other countries and peoples of the world will be guided during my own Administration by our desire to shape a world order that is more responsive to human aspirations. The United States will meet its obligation to help create a stable, just, and peaceful world order.”

The empirical evidence of course suggests otherwise. President Carter for instance, didn’t shy from “giving to the USSR its Vietnam War” on another people’s soil and in another people’s blood, even winning for himself, but not for his mastermind strategist who had made it all possible, the glamorously Orwellian, Nobel “Peace” Prize. The full dismantling of the theology behind Carter’s statement “We must replace balance of power politics with world order politics” has already been done in Project Humanbeingsfirst’s report “From Balance of Terror to Unilateral Terror on the Grand Chessboard!”.

Similarly, in October 1975, the same year that Henry Kissinger was making his Orwellian speech on “peace” and “justice” being “attainable” in the “new world order” at the UN, he also glibly endorsed the top-secret National Security Council Strategy Memorandum NSSM-200 that he had himself led the development of in the NSC since 1974. President Gerald Ford subsequently signed-off on White House’s Decision Memorandum NSDM 314, agreeing to the population control agenda for world’s most populous Least Developed Countries outlined by Kissinger. Though declassified in 1989 by the White House, and officially denied as it still being United States foreign policy, and its text being written in the language of the conspirators which appears harmless to the onlookers, the empirical evidence behind the veneer of benign sounding platitudes like “family planning”, once again, tell a different Malthusian story – that of “Food Control Genocide”! Is the worldwide food shortage and starvation in the Global South today amidst the ostentatious opulence and astronomical profits of global agri-business in the West, manufactured, or merely brilliantly prescient as noted in NSSM 200 “we shall be watching people starve on television.”?

The empirical observation of ground realities suggest that population reduction is very much a universal part of the global agenda towards “universal law”, just as Kissinger had so Machiavellianly couched it in NSSM 200: “In these sensitive relationships, however, it is important in style as well as substance to avoid the appearance of coercion.” Thus it is made to appear as just “happenstance”, rather than criminally deliberate.

For the purpose of highlighting the devilish nature of “avoid the appearance of coercion” to enable the uninitiated in accurately parsing a conspiratorial language which clearly aims at covertly strangulating developing nations while simultaneously making an “end run around national sovereignty, eroding it piece by piece [to] accomplish much more than the old-fashioned frontal assault”, Kissinger’s NSSM 200 the same year that CFR spoke of ending “national sovereignty”, identified some further “moral” considerations for future population reduction strategic planning in a concluding section titled “An Alternative View”:

The above basic strategy assumes that the current forms of assistance programs in both population and economic and social development areas will be able to solve the problem. There is however, another view, which is shared by a growing number of experts. It believes that the outlook is much harsher and far less tractable than commonly perceived. This holds that the severity of the population problem in this century which is already claiming the lives of more than 10 million people yearly, is such as to make likely continued widespread food shortage and other demographic catastrophes, and, in the words of C.P. Snow, we shall be watching people starve on television.

The conclusion of this view is that mandatory programs may be needed and that we should be considering these possibilities now.

This school of thought believes the following types of questions need to be addressed:

* Should the U.S. make an all out commitment to major limitation of world population with all the financial and international as well as domestic political costs that would entail?

* Should the U.S. set even higher agricultural production goals which would enable it to provide additional major food resources to other countries? Should they be nationally or internationally controlled?

* On what basis should such food resources then be provided? Would food be considered an instrument of national power? Will we be forced to make choices as to whom we can reasonably assist, and if so, should population efforts be a criterion for such assistance?

* Is the U.S. prepared to accept food rationing to help people who can’t/won’t control their population growth?

* Should the U.S. seek to change its own food consumption patterns toward more efficient uses of protein?

* Are mandatory population control measures appropriate for the U.S. and/or for others?

* Should the U.S. initiate a major research effort to address the growing problems of fresh water supply, ecological damage, and adverse climate?

While definitive answers to those questions are not possible in this study given its time limitations and its implications for domestic policy, nevertheless they are needed if one accepts the drastic and persistent character of the population growth problem. Should the choice be made that the recommendations and the options given below are not adequate to meet this problem, consideration should be given to a further study and additional action in this field as outlined above.

The present day New World Order of Lord Tennyson’s “universal law”, is slated to be ruled by the kind of Orwellian ‘law givers’ that could hardly have been imagined by Lord Tennyson, as the world manifestly descends into tyranny. Stalwartly led today by the new harbingers of the ‘utopian’ dreams of many in history, “the first, only, and last truly global superpower” initially inflicts these dreams upon her own peoples by ushering in its Police State! And it is also the final existential blueprint for the ‘Rights’ of all ‘lesser’ humanity as well!

This misanthropic path to humanity’s enslavement is actually prognosticated in the prolific writings and philosophical outlook of the most influential polymath of the 20th century, idolized by many a scholarly leftist peacenik, including my own teacher Noam Chomsky at MIT. A poster of this man used to hang in Chomsky’s office. The name of this misanthrope who has somehow succeeded in commanding the reputation as “man of peace” and lover of the disenfranchised through his “pugwash” and other “peace” efforts, is Bertrand Russell.

It is highly instructive to carefully examine Russell’s perspectives on the New World Order – in his own words instead of reading snippets of mostly out-of-context quotations on the internet as most are wont to do – from his insightful book Impact of Science on Society.

Bertrand Russell very presciently, amorally, disgustingly to some, calculatingly to others as per the diktats of rational “humanism” that is devoid of any religious-morality – and with the inevitability of any path taken to its logical conclusion – outlines what is transpiring today. Especially what has transpired since the collapse of the Berlin Wall, and which has rapidly accelerated since that infernal ‘day of infamy’ – the “new pearl harbor” – can all be straightforwardly understood by reading Russell’s book. This writing of Russell in the mid 20th century England, is enormously in synchrony with that disclosed by G. Edward Griffin in Excerpt-2, of the infamous founder of the “Order of the Illuminati” in Bavaria in the latter half of the 18th century:

War has been, throughout history, the chief source of social cohesion; and since science began, it has been the strongest incentive to technical progress. Large groups have a better chance of victory than small ones, and therefore the usual result of war is to make States larger. In any given state of technique there is a limit to size. The Roman Empire was stopped by German forests and African deserts; the British conquests in India were halted by the Himalayas; the Napoleon was defeated by the Russian winter. And before the telegraph large empires tended to break up because they could not be effectively controlled from a center.

Communications have been hitherto the chief factor limiting the size of empires. In antiquity the Persians and the Romans depended upon roads, but since nothing traveled faster than a horse, empires became unmanageable when the distance from the capital to the frontier was very great. This difficulty was diminished by railways and the telegraph, and is on the point of disappearing with the improvement of the long-range bomber. There would now be no technical difficulty about a single world-wide Empire. Since war is likely to become more destructive of human life than it has been in recent centuries, unification under a single government is probably necessary unless we are to acquiesce in either a return to barbarism or the extinction of the human race.

There is, it must be confessed, a psychological difficulty about a single world government. The chief source of social cohesion in the past, I repeat, has been war: the passions that inspire feeling of unity are hate and fear. These depend upon the existence of an enemy, actual or potential. It seems to follow that a world government could only be kept in being by force, not by the spontaneous loyalty that now inspires a nation at war.”

Indeed, as misanthrope Russell succinctly observes, “the passions that inspire feeling of unity are hate and fear. These depend upon the existence of an enemy, actual or potential”, and there “would now be no technical difficulty about a single world-wide Empire.”

And there of course, isn’t any technical difficulty today. Especially with the barbaric “imperial mobilization” towards “Full Spectrum Dominance” – outlined in the Pentagon’s strategy document Joint Vision 2020 and in PNAC’s concept document “Rebuilding America’s Defenses” – with a trillion-dollar Congressionally appropriated defense budget every two years, and the inexplicable disappearance of at least $2.4 trillion dollars from the Pentagon books reported just one day before 911. Zbigniew Brzezinski wasn’t being original at all in his book the ‘Grand Chessboard’ when he wrote that in the absence “of a sudden threat or challenge to the public’s sense of domestic well-being”, and “except in the circumstance of a truly massive and widely perceived direct external threat”, the American “democracy is inimical to imperial mobilization”!

It is highly instructive to scrutinize the rationale in Bertrand Russell’s conception of a world-government, for it not only mirrors the unfolding grotesque reality of today, but also appears to constitute its essential philosophical underpinning to give it a veneer of ‘scientific and political respectability’. It comes across straightforwardly in Chapter 7 of the afore-cited book, where Russell answers the question that he himself poses: “Can a Scientific Society be Stable?”

In a nutshell, Russell suggests that only with birth-control and strategic population planning (including drastic measures – Ibid. page 116), can mankind survive in a scientific world that is marked with rising disparity among nations, each having their own strengths in good times, and weaknesses in bad ones. And Russell therefore logically concludes that the only viable and equitable solution is the global one, a world-government that can equitably distribute and share resources during troubled times! And he sums it up as “These considerations prove that a scientific society cannot be stable unless there is a world government.”

Ask any knowledgeable ruling elite today, and were they to candidly confide in you, this is the scientific reason they will provide for their quest for world-government to mask their lust for conquest! This is also what comes across in Zbigniew Brzezinski’s 1970 classic “Between Two Ages: America’s Role in the Technetronic Era”! He is backed by David Rockefeller who set up him up as the first Executive Director of the new CFR off-shoot, the Trilateral Commission. It was David Rockefeller who enabled Brzezinski’s role as the National Security Advisor to President Jimmy Carter, and in all likelihood, also selected that unknown peanut farmer from among the many members of CFR for that highest office. Rockefeller propelled an intellectual like Brzezinski into great prominence (while himself staying in the background) because the latter was to enable the planning and execution of the elite’s rise to world-government finally in this “Technetronic Era”!

Today, some thirty odd years later, Brzezinski openly strategizes for one of the two 2008 American Presidential candidates, and his own son does it for the other. Between the two – “elect” whomsoever you want! They both lead to the Capitalist Conspiracy of world-government!

Finally, Bertrand Russell’s most insightful logical observation in the quoted passage above is also the key to understanding what is transpiring since 911 worldwide. The citizens worldwide losing their civil rights with new draconian laws ostensibly enacted to protect them from the ‘terrorists':

There is, it must be confessed, a psychological difficulty about a single world government … It seems to follow that a world government could only be kept in being by force”.

Yes indeed, “world government could only be kept in being by force”, especially when it is also not supposed to be benign for the vast majority of ‘lesser’ humanity. Bertrand Russell’s shrewd psychological insights match the descent into Police State of the Western democracies beginning with the UK, EU, US, and soon, NAU.

This is the scholarly marriage of political philosophy and the Capitalist Conspiracy in the best mold of Machiavelli’s Prince, each at their very best! Imagining what’s in store for the rest of the “subjects” doesn’t take much imagination!

And if one is to believe the late great filmmaker Aaron Russo in “America: From Freedom to Fascism”, the Rockefellers – a clan representative of the financial and other enormously wealthy elite – have it all worked out to misanthropically herd the sheep of the planet to their destiny!

So is there an enduring Capitalist Conspiracy for world government? You be the judge!

And if your answer is yes, then your next quest must be to find out if you can survive it!

The Capitalist Conspiracy by G. Edward Griffin

Transcription by Zahir Ebrahim

Excerpt 1

The Capitalist Conspiracy: An Inside View of International Banking by G. Edward

47 min – Nov 2, 2006

Alternate: http://http://www.propagandamatrix.com/multimedia/Capitalist_Conspriracy.wmv

Title: The Capitalist Conspiracy: An Inside View of International Banking

Conspiracy, one of the darkest words in the language of man. Yet there is hardly a single page of history that doesn’t partially reveal the deadly eye of conspiracy at work.

It was a conspiracy that directed Brutus against Caesar in the Roman Senate on the Ides of March.

It was a conspiracy that plotted the betrayal of West Point by Benedict Arnold during the American Revolution.

It was a conspiracy that led John Wilkes Booth to the assassination of President Lincoln on Good Friday 1865.

The past record of man is burdened with accounts of assassinations, secret combines, palace plots, and betrayals in war.

The tentative conspiracy has been a dominant force in all history. But in spite of this clear record, an amazing number of people have began to scoff at the possibility of conspiracy at work today. They dismiss such an idea, merely as a “conspiratorial view” of history. (1:03)

The purpose of this presentation is to show that the conspiratorial view of history, particularly of recent history is the correct view. … (47 minutes)

Excerpt 2

Title: CFR Council Foreign Relations – 9/11 New World Order by 2012

9 minutes

(Slide: The New World Order Is Not New)

The purpose of this presentation is to show that the conspiratorial view of history, particularly of recent history is the correct view. That there is a secret and powerful combine at work today; that it constitutes the unseen government of the United States; and that it properly can be identified, as, The Capitalist Conspiracy!

During the past 200 years, while the peoples of the world, gradually, were winning their political freedom from monarchies, the major banking families of the world, were nullifying the trend toward representative government, by setting up new dynasties of political control. But behind the scenes, in the form of international financial Combines.

These banking dynasties had learned that all governments, whether they be monarchies or democracies, must borrow money in times of emergency. And that by providing such funds from their own private resources, with strings attached of course, gradually, they could bring both kings and democratic leaders, under their control. (01:14)

Dr. Quigley believes that people should be more familiar with the identities of these clever banking dynasties. They include such names as Barring, Hambros, Lazzard, Erlanger, Warburg, Schroder, Selingman, The Speyers, Mirabauld, Mallet, Fould, Rothschild, & Morgan.

It should be noted that while the Rothschilds and other Jewish families cooperated together in these ventures, this was by no means a Jewish monopoly as some have alleged. Men of finance of many nationalities and many religious and non-religious backgrounds, collaborated together to create this super-structure of hidden power.

Its essence was not race nor religion nor nationality. It was simply a passion for control over other human beings. (2:05)

The net effect is to create money out of nothing. Lend it to the government, and then collect interest on it. A rather profitable transaction, to say the least.

For example, in 1694, International Banker, William Patterson, obtained the charter of the Bank of England, and the power over England’s money system fell into private hands.

In a boastful mood, Patterson said: “The bank hath benefit of interest of all monies which it creates out of nothing.”

230 years later, Reginald McKenna, British Chancellor of the Exchequer, said: “The banks can, and do, create money; and they who control the credit of the nation, direct the policy of governments, and hold in the hollow of their hands, the destiny of the people.”

In the United States, it was inevitable that the international banking interests, would attempt to establish the same kind of private monopoly over the money system, that they had achieved in England, France, Germany, Italy, and Switzerland. (03:10)

The same formula would be used: make it look like a government operation, but keep the control in private hands.

John D Rockefeller had purchased the Chase Bank, and his brother William, bought the National City Bank of New York. The Rockefeller Chase Bank was later merged with Warburg’s Manhattan Bank, to form the Chase Manhattan, one of the most powerful financial combines in the world today!

Acting in concert with the Morgan Banking dynasty, they spent untold millions of dollars to promote legislation that would grant to them, a private franchise over this nation’s money system.

To sell this scheme to the voters, the monopolists created the propaganda line, that the proposed banking law some how would work against the monopolies. Politicians took up the cry “banking reform”, and “down with Wall Street”.

And then, to make it look convincing, the financial tycoons publicly pretended to oppose the measure, all the while financing it behind the scenes. (04:12)

On December 22, 1913, the Federal Reserve Act, finally was passed into law. Something known as the Federal Reserve System came into being, and with it, total control over the nation’s money, fell into private hands!

The CFR from behind the scenes has dominated this nation for decades.

CFR members include top executives and journalists for the New York Times, the Washington Post, the Chicago Daily News, Harpers, Look, Time, Life, Newsweek, US News and World Report, CBS, NBC, MGM.

They include directors of the Ford Foundation, the Rockefeller Foundation, the Carnegie Endowment Fund.

They include Presidents Hoover, Eisenhower, Johnson and Nixon; Secretaries of States Titinius, Acheson, Dulles, Hurder, and Rusk; a fantastic percentage of the President’s Cabinet, Under Secretaries, the Federal Reserve Board, Ambassadors to other countries, Supreme Court Justices, and presidential advisors.

The average American has never heard of the CFR. Yet it is, the unseen Government of the United States. (05:25)

After a man has far more money than he possibly can spend for pleasures, what is left to excite him? For those with the ruling class mentality, the answer is power – raw power over other human beings. Money can buy such power only to a point, beyond that, politics is the sport, and world politics is the ultimate game.

These men are striving to create a world super-state, with the expectation that from behind the scenes, they will be the ones who will rule. Not free enterprise capitalism, but big government is the conspiracy’s life force.

World government is its ultimate goal.

But what is the best way to sell big government, and then world government, to a people like ours, historically devoted to an independent republic of limited powers?

The answer is simple. Deliberately create problems. And then offer only those solutions that result in the expansion of government. Create conditions so frightful at home and abroad, that the abandonment of personal liberties and national sovereignty, will appear as a reasonable price for a return to domestic tranquility and world peace. (06:40)

If those who seek world dominion can stimulate leftist mobs into violent confrontation with local law enforcement, and also provide exhaustive news coverage, so that the entire nation can see and tremble, then the peaceful and freedom loving majority can be programmed to accept a vast expansion of government powers, and even a national police force, offered supposedly to end the violence.

If those who seek world dominion can raise the spectre of an enemy, armed to the teeth with superior atomic weapons on the verge of launching a nuclear holocaust, and also offer world-government as the prevention, then millions of Americans can be programmed to accept the loss of national sovereignty, as our last best hope for peace.

This is the meaning of pressure from above and below. To put over police state measures at home, they need chaos, crime, and anarchy in the streets. To sell the idea of world-government, they need the constant threat of nuclear war! (7:44)

In Bavaria, the year 1786, acting on a tip from an informer, police raided the home of a prominent attorney named Vanswack. They seized documents and letters revealing that he was a high ranking member of an extensive conspiracy called “The Order of The Illuminati”.

Over the centuries, forms of the word “Illuminati”, meaning the enlightened ones, have been used by many secret sects and occult organizations. Most prominent among these, were the Illumbrados of Spain, Guerinets of France, and the Roshaniya of Afghanistan.

But these were concerned primarily with psychological and spiritual objectives, a proclaimed inner wisdom, and mind-mastery of the secrets of the universe.

The conspiracy exposed in Bavaria was of an entirely different order. (08:36)

The Illuminati was founded on May 1, 1776, by Adam Wiesop, a Professor at Inglestaff University. Wiesop obviously had been a serious student of the occult, for many of its bizarre features and symbols were incorporated into his organization.

The destruction of all religion, replaced by the worship of reason or humanism, and the destruction of all independent governments, replaced by a new world order, a world government, ruled from behind the scenes by the illuminated ones! (09:08)

Excerpt 3

The Capitalist Conspiracy – Conclusion

5 minutes

(Slide Conclusion/Summary)

Conspiracy as it operates at the highest level in the United States today, rests upon two solid foundations, and enjoys the protection of shelter. If we could knock out its foundations, it would collapse. And if we could strip away its shelter, it would wither away and die.

The shelter is secrecy. The foundations are big government, and manipulation of money!

No conspiracy can stand the light of exposure. No conspiracy can rule the masses without the tool of an extensive government bureaucracy. And certainly no capitalist conspiracy can long survive without control over the nation’s money.

Expose the conspiracy, reduce the size of government, return our money to a standard that cannot be manipulated. This must be our response. (0:57)

In the limited time available, we have attempted to demonstrate that the conspiratorial view of history, particularly of recent history, is the correct view.

Let us summarize now, seven major conclusions.

One: There is and has been for some time, a conspiracy among some of the richest people in the world. A conspiracy that virtually owns the money systems of the major non-communist nations. This monopoly is protected by the power of the respective governments. And is used to perpetuate the conspiracy’s vast wealth, by the creation of money out of nothing.

Two: In the United States, this monetary fraud is perpetuated through the Federal Reserve System. Although the Executive Branch theoretically has some control over this system through occasional appointments, in reality, it is the system and those behind it, who control the Executive Branch. (1:55)

Three: The Capitalist Conspiracy, in this country, surfaces to public view, in the form of the semi-secret, Council on Foreign Relations. Its members exercise their control over the nation, through government, tax-exempt foundations, centers of education, and the mass communications media.

Four: On the surface, the Capitalist Conspiracy appears to oppose Communism. It spends billions of dollars in spectacular military displays of anti-communism all around the world. But never to the extent of seriously harming the enemy, and certainly not to the extent of defeating it. Meanwhile, behind the scenes, the Conspiracy always has nourished and aided Communism both at home, and abroad. It does this not because it is pro-communist, but because it needs the appearance of a formidable foe, and the chaos by-product of a managed conflict, to advance its own goal of totalitarian world-government. (03:01)

Five: There is much evidence indicating that the capitalist and communist conspiracies both are directed by a single master conspiracy which may have continuity with ‘The Order of the Illuminati’, which was founded 200 years ago. But this historical question is not nearly as important as the immediate question of what can be done about it today.

Six: As for our response, we must begin to dismantle the conspiracy’s machine of big government. … (4:05)

Seven: We must reduce the Federal Reserve System to a service function of clearing checks between banks only. Merely turning the system as it stands over to the Federal government, as some have suggested, will not solve the problem. The same people would control it either way. The root of the evil is that money is created out of nothing. And the insiders could do that today just as easily directly through government, as they do through the Federal Reserve System. The ultimate solution is to prevent anyone, in or out of government, from manipulating the money supply! … (4:47)

Eight: We must expose the conspiracy to public view. If some how, every American could be made aware of the facts contained in this presentation, if it were possible to circumvent the establishment’s channels of mass communication, and carry this message person to person to our friends and neighbors and fellow club members, the conspiracy would collapse like a house of cards.

Yes the hour is late. But it is not too late if we are realistic in our efforts.

As Americans we can still speak-out without fear of imprisonment.

We can still join together into patriotic groups to multiply our effectiveness.

We can still challenge the establishment’s candidates.

We still retain that remnant of power to regain control of own government. (5:38)

(Slide: The New World Order Is Not New)

(Slide: ACT NOW! Be Part of the Solution)

End Transcript of Excerpts from The Capitalist Conspiracy by G. Edward Griffin.



The Monetary Conspiracy

Project Humanbeingsfirst has compiled an ‘essentials’ self-study bibliography of videos, books, documents, news reports, and its own forensics reports, for both new-comers frantically searching for an understanding of what’s happening to them as they lose their shirts and their skirts to Wall Street, as well as for advanced non-researcher white-collar professionals whose job it is to understand money, but who actually remain no less ignorant then the plebes. All only suffer its want, or enjoy its superfluity, but no one has the time or the inclination to ponder its creation or which hands control it. Most believe, as did this scribe once, that the government creates and controls money.

It has been rather disturbing for this scribe to continually rediscover that even well educated persons from among the ruling elite themselves, CEOs of corporations with fancy MBA degrees, venture capitalists with CA degrees, economists with Ph.D., and financial geniuses on Wall Street with degrees in mathematics and physics from Caltech and M.I.T. – never mind engineers and scientists perpetually kept too busy to bring their rational forensic acumen to bear upon such mundane existential matters as money, economy, geopolitics and empire – do not fully understand the mechanics of money, nor its direct manufactured relationship with economic booms-and-collapses, war on terror, and the broader calculated agenda for world government. All feel daunted by the economics gibberish which surrounds any discussion of it.

It is also painfully obvious that even the so called “expert” economists, and Nobel Laureates, do not fully grasp all the issues regarding money, primarily because of the overloaded semantics and secrecy which surrounds this most essential and profound human invention since fire. It is also quite likely that they deliberately promulgate economics gibberish in the service of their masters. The empire needs its own knowledge-scions, just as it needs its own media, its own presses, its own propaganda and spin machinery, and its own military. Who sits atop all of this? Who benefits from all of this? Does the United States – its economy and its peoples in worst shape today in this first decade of the twenty-first century than they ever were since the Great Depression years of 1929–1939?

So, clearly it wasn’t for the “full spectrum dominance” of the nation-state of the United States, for which the sole superpower was being coerced into exercising its Project for the New American Century under the disguise of ‘war on terror’. It was not just for the hegemony of the sole superpower that Zbigniew Brzezinski – an Executive Director of the globalist Trilateral Commission which David Rockefeller founded – had penned the ‘Grand Chessboard’ and made it available so publicly, like its PNAC twin.

While clearly America bombed Iraq and Afghanistan, and may yet bomb Iran and Pakistan, not to mention enter into a nuclear confrontation with Russia, but what fuels this asininity? Who benefits? The American peoples as well as their nation-state are certainly the losers in the final analysis, even at the cost of decimated ‘lower-civilizations’ and their unfortunate children of lesser gods – many more will follow in those footsteps, and only they will see the end of war being waged upon humanity.

Something far more insidious has been under construction using just one primal axiom of political science: “what is inconceivable in normal times is possible in revolutionary times”, the devilish words of David Ben Gurion who presided over the leadership of the newly acquired land for the Jews at the expense of its indigenous Palestinian inhabitants exactly 60 years ago. The same maxim is being deployed for world conquest at the expense of the rest of its indigenous inhabitants.

At the top of that pyramid, sit the moneychangers of modernity. For money is an even bigger existential necessity today in the producer-consumer global paradigm of high finance than it ever was in the past, even though the imperial coin is as old as mankind!

And yet just the fact that one has to come by the accurate understanding of “Money” only as a forensic detective assembling a jigsaw puzzle, and primarily from empirical analysis of widely disparate data and events, is very revealing of the secretive role of its affluent creators.

The power of money creation in private hands lies at the root of all evil. A forensic recognition of this blatant fact and the concomitant direct full spectrum public assault upon it, will lead to the termination of all the wet dreams for world government by hectoring hegemons of all stripes. It will also lead to the immediate termination of all the manufactured mechanisms employed for achieving it, namely, the fiction of ‘war on terror’ and the manufactured economic collapse. Furthermore, a lineup before a court appointed legal firing squad with confiscation of all wealth should create a reasonably effective deterrence example for the future.

So let’s no longer be counted among the ignorant, the co-opted, and those who mindlessly “scurry around like drugged cockroaches in a bottle” [a1] waxing platitudes and looking for bandaid solutions. Please see the self-study bibliographic guide: [a2] Monetary Reform Bibliography – A self-study guide for uncovering the agendas behind the economics gibberish.

To emphasize the relevance of learning from history to avert a tortuous future, take for example, the remarkable 1982 video interview of Mr. Norman Dodd by G. Edward Griffin, cited in the Project Humanbeingsfirst’s Monetary Reform Bibliography. It can be watched here.

As a member of the “Morgan Bank” during the Great Depression, and later a chief investigator in 1953-54 for U.S. Congressman B. Carroll Reece’s Special Committee on Tax Exempt Foundations (the Reece Committee), Norman Dodd makes some extraordinary revelations on video. He appears to be an unusually credible person, unlike many other plebeian detractors of aggregated wealth – scion of wealth and pamper, educated at Andover and Yale, insider to banking and Wall Street investment – not a ‘tin-hatted’ conspiracy theorists alluded to in the main discourse above.

After the crash of 1929, Norman Dodd says he had “rendered” a report on the stock market crash to his bank’s superiors, and according to the paraphrase of the Morgan bank officials that was rehearsed back to him: “Norm what you’re saying is we should return to sound banking … We will never see sound banking in the United States again.”

Mr. Dodd further reveals that the officials rehearsed “chapter and verse” to explain that point and stated:

Since the end of world war one we have been responsible for what they call the institutionalizing of conflicting interests, and they are so prevalent inside this country that they can never be resolved.”

With that as the backdrop, this is what Norman Dodd says of a conversation he had with the President of the tax-exempt Ford Foundation in 1954 as part of his Congressionally mandated investigation of tax-exempt foundations:

Mr. Dodd, we’ve asked you to come up here today because we thought that possibly, off the record, you would tell us why the Congress is interested in the activities of the foundations such as ourselves.” Before I could think of how I would reply to that statement, Mr. Gaither then went on and said: “Mr. Dodd, all of us who have a hand in the making of policies here have had experience operating under directives, the substance of which is that we shall use our grant-making power so to alter life in the United States that it can be comfortably merged with the Soviet Union.”

ED GRIFFIN: Why do the foundations generously support Communist causes in the United States?

NORMAN DODD: Well, because to them, Communism represents a means of developing what we call a monopoly, that is, an organization of, say, a large-scale industry into an administerable unit.

ED GRIFFIN: Do they think that they will be the ones to benefit?

NORMAN DODD: They will be the beneficiaries of it, yes.

Another ominous thread in the interview is when Dodd reveals of what his lead investigator discovered in the minutes-books of Carnegie Endowment for Peace. According to Norman Dodd, the following was recorded on the old-fashioned dictaphone machine by Katherine Casey as she was browsing the minutes-books in the CEP library:

We are now at the year 1908, which was the year that the Carnegie Foundation began operations. In that year, the trustees, meeting for the first time, raised a specific question, which they discussed throughout the balance of the year in a very learned fashion. The question is: “Is there any means known more effective than war, assuming you wish to alter the life of an entire people?” And they conclude that no more effective means than war to that end is known to humanity.

So then, in 1909, they raised the second question and discussed it, namely: “How do we involve the United States in a war?”

Well, I doubt at that time if there was any subject more removed from the thinking of most of the people of this country than its involvement in a war. There were intermittent shows in the Balkans, but I doubt very much if many people even knew where the Balkans were. Then, finally, they answered that question as follows: “We must control the State Department.” That very naturally raises the question of how do we do that? And they answer it by saying: “We must take over and control the diplomatic machinery of this country.” And, finally, they resolve to aim at that as an objective.

Then time passes, and we are eventually in a war, which would be World War I. At that time they record on their minutes a shocking report in which they dispatched to President Wilson a telegram, cautioning him to see that the war does not end too quickly.

Finally, of course, the war is over. At that time their interest shifts over to preventing what they call a reversion of life in the United States to what it was prior to 1914 when World War I broke out. At that point they came to the conclusion that, to prevent a reversion, “we must control education in the United States.” They realize that that’s a pretty big task. It is too big for them alone, so they approach the Rockefeller Foundation with the suggestion that that portion of education which could be considered domestic be handled by the Rockefeller Foundation and that portion which is international should be handled by the Endowment. They then decide that the key to success of these two operations lay in the alteration of the teaching of American history. …

Now, how might one forensically bring to bear such historical information on the present financial crisis and the role of the Federal Reserve System? How does that relate to the blatantly undisguised drive for world government today? Please review the reading list in the Monetary Reform Bibliography, and minimally browse Project Humanbeingsfirst’s own forensic analysis listed at its end. Specifically: “Monetary Reform: Who will bell the cat?”, and the Press Release “This may be a psy-op!

As Noam Chomsky once wrote, it takes a sentence to construct a lie, considerable more space and time to refute it. Fortunately, many dedicated peoples have done just that, and many of their works are cited in the bibliography.

Armed with all this analysis from many disparate sources and a rational long-view perspective which connects all the dots – perhaps a weekend’s worth of self-study – one can finally judge for oneself what is deliberate disinformation, and what are the indisputable facts of the matter.

Thus, at least, one is now trivially able to judge for oneself, the worth of half-truths based disinformation masterpieces which deceive by omission rather than outright lies, like:


But even more importantly, now one has sufficient knowledge, as well as perspective from many sources, to ask the overarching meta question:

Why should there be any need for super-abundance of non-information, and at best, disinformation – the profound ignorance of the learned – on such a transparent matter as the Federal Reserve System, and on such a mundane issue like money which everyone in society needs existentially, like air and water, in the first place?

If one ponders upon that question first, either agrees or disagrees with the proposition that this subject is shrouded in secrecy and obfuscation which is what creates mythologies, half-truths, and even outright lies – not to mention the trillion dollar Bailout of Wall Street [a3] that Treasury Secretary Hank Paulson now also recommends for other nations through a coordinated central banks’ attack upon all the world’s peoples to ensnare them all in further debt – then the rest follows on why detective forensic skills are either needed, or not, to tell the difference between propagandists shilling for their paymasters, ‘tin-hatted’ conspiracy theorists indulging their imaginations, ‘technique of infamy’ and manufactured red herrings, and the unarguable real facts of the matter.

Answering this question first, can further enable one to look at solutions-spaces more critically without being fooled. But only after the problem-space, and its awesome power to corrupt and to confuse, has been first well understood. In this regard, humanity owes a great debt of gratitude to Ezra Pound, America’s most ignored poet and thinker, for explaining the specialized version of the dialectics of deception – the ‘technique of infamy’.

To begin exploring the solutions-space, the following websites might be useful. Project Humanbeingsfirst does not endorse, or censure, anyone of them, and remains largely agnostic when they make sense – for the real challenge lies elsewhere. A preliminary analysis of two main proposals, the Gold-Standard (Misses Institute) favored by Rep. Ron Paul, R-Texas which does not make any sense, and the Greenbacks, (thought to be) favored by Rep. Dennis Kucinich, D-Ohio, which does make sense, can be found in the Monetary Reform Bibliography.






Richard Cook also pontificates yet another solution-space in his just released 2008 book “We Hold These Truths – The Hope of Monetary Reform”. The 3-1/2 hour video, The Money Masters, in its concluding last 45 minutes, also explores a rational solution-space and makes specific recommendations for national monetary reform. It also points to an alternative local solutions-space for individual communities, that of local ‘community-currency’, as a sustainable money system to fulfill local trading needs debt-free. Some Europeans, apparently, tend to agree with this community-currency prescription. There already are, or will soon be, 65 regional currencies in operation alongside the EU. One of these currencies was based on the ideas of Silvio Gesell in the now almost century old classic, “The Natural Economic Order”: [a4]

‘Austria’s Tyrolean community of Wörgl launched a scheme based on his theories, in 1932, reputed to have slashed unemployment at the height of the Depression. It was watched by Keynes and Irving Fisher, who saw a fast-depreciating currency as a possible answer to the 1930s “liquidity trap”.

The Wörgl experiment was declared illegal by Austria’s central bank when a further 200 other communities launched copycat currencies, threatening the authority of the state. Though article 35 of the Bundesbank’s founding law forbids the circulation of “quasi-currencies”, the experiments are being treated as a harmless eccentricity.’

Project Humanbeingsfirst encourages the readers to first endeavor to fully comprehend the problem-domain, and what entrenched systems of power inhibits all debt-free solutions from emerging, before jumping into the solutions-domain and spending time on the treadmill of inefficacy – like the antiwar movement. The failure to recognize that power only respects power, otherwise it is merely a “focus group”, has been the latter’s undoing. This certainly does not preclude understanding the technical domain itself, including the local community needs to transact business at the individual and local business level; understanding the national needs to monetize the GDP and transact business at the national institution level, including collect taxes and pay for services; and understanding the global needs, not only for international trade, but also as a stable repository for valuation of public and private assets, both global and local, and as the calibration of a fair standard for monetizing economies in vastly disparate levels of development in rich and poor nations.

One monetary system does not necessarily fit all challenges, but one basic principle of money does fit them all:

Power to coin a nation’s money, and to manage its money supply, thus availability of credit to borrowers, must not be put in the for-profit interest-bearing indenting hands of private individuals and their banking institutions regardless of how kindly and benevolent their claimed motives, how great their claimed expertise, or how compelling the expediency.

And yet, despite such a common principle uniting all the detractors of aggregated wealth and proponents of monetary reform, both their detailed analysis of the problems, as well as their proposed system-solutions, often suffers from their jumbled philosophies which almost act like ‘religion’. That’s partially because it is indeed ‘religion’ and passion for justice which drives the detractors, business motives for personal gain, as it does their antagonists who little care for the purity, or lack thereof, of their fleecing system, and only remain focused on how to keep their flock in perpetual debt. The bankers therefore, apart from their enormous power and wealth, hold a practical and expedient advantage over the ‘malcontents’ who are seeped in idealism, and often with empty pockets.

Furthermore, all such proponents of a new monetary system even do not pursue a proper system design discipline. They invariably link their design to an imagined economic system of their preference, and none is able to perceive that one is a mechanism, the other is policy.

Many economic policies, even full blown economic systems as diverse as socialism, to real free-market capitalism with winner take all, and every social balance in between, should be efficiently constructible on a properly architected monetary system mechanism which operates in the public interest. See “Monetary Reform: Who will bell the cat?” and this response to the petition in “Open Letter to G-20”.

Thus it is unsurprising that some propose platitudes as solutions, forgetting that the Ten Commandments and the Golden Rule are at least 3000 years old but have made little impact on the real world of avarice and plunder. These include proposals for radical transformations as if revolutions are just around the corner. Some propose solutions which merely favor the private central-bankers themselves, knowingly or unwittingly is immaterial. Many of these are almost always cosmetic bandaids. These also include partial solutions that leave the core problems intact. “Religion” is most apparent in these arguments. An example of this is the gold standard, or the gold-equivalence standard of the now defunct Bretton-Woods.

In the ability to tell the nuanced differences therein, among outright BS, idealism, and usefulness at different application hierarchies, lies the key that can practicably and immediately unlock the world from the debt shackles of the perpetual capitalist conspiracy for world government. Coming together on one single point of focus, debt-free money, and single-mindedly driving that focus to the point of its political acceptance – as fait accompli – and leaving the design of the actual monetary system under that guiding principle to a body chartered by the government, or Congress, is the only sensible approach. Indeed, the only practical approach that will ever work.

But as those given to even a modicum of realism well understand, rectification of injustices is only possible either with the mighty hand of the victor’s justice, or under the astute gamesmanship of balance of power. In this case, political power to affect legal solutions at all levels. Never on its own, regardless of the soundness of the platitudes or the solutions.

To build such a balance of power today that might be effective, does not seem to be in the capability arsenal of those proposing monetary reform solutions. A largely powerless peoples who cannot even fund one single economics think-tank of national consequence, and one single financial political action group of influence, never mind mustering the kind of lobbying-power before which powerful Congress persons and local law-makers, mayors, state governors, attorney generals, and newspaper editorialists might bow their head.

Realistically, I see no impact by monetary reformers at the national or international level. For it is but a truism that those who control purse strings, control nations’ destinies – the real golden rule on earth, as old as mankind! To confiscate their purse-strings – as easy as a stroke of pen – is a revolutionary act for which there is no “Jesus” today to cleanse the Congress of the moneychangers. The Wall Street bailout with the new crown of thorns, and which the US Treasury Secretary Hank Paulson [a5] is now brazenly attempting to extend to crucify all of mankind upon the new cross of a global monetary system, is proof-sufficient.

Finally, not wishing to end on the afore-stated pessimistic note as in the original version of this report, Project Humanbeingsfirst’s position is the one principally reflected in the political-science notion of countering power with power and not platitudes, and principles of hegemony with principles for liberty, not ego nor preference for a particular “religion”. The first loss of sovereignty of a nation, is the loss of controlling its money. The founding fathers of the United States of America understood that principle just as well as the founders of empire from time immemorial – as evidenced in the following oped which appeared in the Times of London: [a6]

If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe.”

It entirely sums up Project Humanbeingsfirst’s antithetical axiom adopted as its rallying cry for abolishing the Federal Reserve System – the power of private central banking – forcefully reclaiming, for all nations and all peoples, what President Lincoln had noted: [a7]

The Government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of the consumers.”

The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government’s greatest creative opportunity.”

By the adoption of these principles … the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.”


[1] Antony C. Sutton, Wall Street And the Rise of Hitler, http://www.reformed-theology.org/html/books/wall_street/

[2] Ben Aris and Duncan Campbell, How Bush’s grandfather helped Hitler’s rise to power, guardian.co.uk, Saturday September 25 2004, http://www.guardian.co.uk/world/2004/sep/25/usa.secondworldwar

[3] Naomi Wolf, Fascist America, in 10 easy steps, guardian.co.uk, Tuesday April 24 2007, http://www.guardian.co.uk/world/2007/apr/24/usa.comment

[4] Paul Grignon, Money as Debt, 2007, 47 minutes, purchase at: http://www.moneyasdebt.net/ or http://paulgrignon.netfirms.com/MoneyasDebt/index2.htm watch at: http://video.google.com/videoplay?docid=-9050474362583451279

[5] The Subprime Primer, slide presentation, http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true

[6] Ben Stein, Everything You Wanted to Know About the Credit Crisis But Were Afraid to Ask, Monday, September 22, 2008, http://finance.yahoo.com/expert/article/yourlife/109609

[7] The Money Masters – How International Bankers Gained Control of America, 1990s, 215 minutes: http://video.google.com/videoplay?docid=-515319560256183936

[8] Battle at Kruger Park, 8 minute video, http://www.youtube.com/watch?v=LU8DDYz68kM

[9] Celebrating Israel’s 60th Birthday in the 60th year of the Nakba, http://humanbeingsfirst.blogspot.com/2008/05/celebrating-israels-60th-birthday.html

[10] Happy-Happy in Hope and Voluntary Servitude http://humanbeingsfirst.blogspot.com/2008/09/happy-happy-in-hope-voluntary-servitude.html

[11] Aaron Russo’s famous last interview with Alex Jones, Fighting Cancer and the New World Order, 2007, 69 minutes http://video.google.com/videoplay?docid=5420753830426590918

[12] Alex Jones, Endgame – Blue Print for Global Enslavement, Documentary 139 minutes, purchase at: http://www.infowars.com/ watch at http://video.google.com/videoplay?docid=1070329053600562261

[a1] Raphael Eitan, quoted in: Former Israeli army chief drowns, BBC News, Nov. 23, 2004, http://news.bbc.co.uk/1/hi/world/middle_east/4034765.stm

[a2] http://print-humanbeingsfirst.blogspot.com/2008/10/monetary-reform-bibliography.html

[a3] No Exits on this Super-Highway! http://humanbeingsfirst.blogspot.com/2008/09/no-exits-on-this-super-highway.html

[a4] Germans get by without the euro, UK Telegraph, 18 Jan 2007 http://www.telegraph.co.uk/finance/2802861/Germans-get-by-without-the-euro.html

[a5] Project Humanbeingsfirst Press Release October 09 2008, This may be a psy-op! http://pressreleases-humanbeingsfirst.blogspot.com/2008/10/pr-resp-wmr-fema-martiallaw-oct092008.html

[a6] Times of London, cited in: The Money Masters – How International Bankers Gained Control of America, 215 minutes: http://video.google.com/videoplay?docid=-515319560256183936

[a7] Abraham Lincoln, Ibid.

The author, an ordinary researcher and writer on contemporary geopolitics, a minor justice activist, grew up in Pakistan, studied EECS at MIT, engineered for a while in high-tech Silicon Valley (patents here), and retired early to pursue other responsible interests. His maiden 2003 book was rejected by six publishers and can be read on the web at http://PrisonersoftheCave.org. He may be reached at http://Humanbeingsfirst.org. Verbatim reproduction license at http://www.humanbeingsfirst.org#Copyright.

Copyright Notice:

All material copyright (c) Project HumanbeingsfirstTM, with full permission to copy, repost, and reprint, in its entirety, unmodified and unedited, for any purpose, granted, provided the URL sentence and this copyright notice are also reproduced verbatim as part of this license, and not doing so may be subject to copyright license violation infringement claims pursuant to remedies noted at http://www.copyright.gov/title17/92chap5.html. The rights of the author to express these views are based on inalienable rights noted at http://www.hrweb.org/legal/undocs.html, and to do so freely without suffering intimidation and duress. All quotations and excerpts are based on non-profit “fair use” in the greater public interest consistent with the understanding of laws noted at http://www4.law.cornell.edu/uscode/17/107.html. Full copyright notice and Exclusions at http://www.humanbeingsfirst.org.


The G20 Won’t Change This Financial Crime Scene by Richard C. Cook

Richard C. Cook’s latest book, We Hold These Truths now available

Sign Petition for a Monetary System That Puts People First – Open Letter to G-20

Response to ‘Sign Petition for a Monetary System That Puts People First – Open Letter to G-20′

Monetary Reform: Who will bell the cat? by Zahir Ebrahim

Why Bluff Martial Law? by Zahir Ebrahim

G. Edward Griffin – Inflation (1969)

What’s To Be Done: Bomb Blast in Islamabad Marriott September 20, 2008

Financial Bailout: America’s Own Kleptocracy by Michael Hudson

The Money Masters – How International Bankers Gained Control of America (video)

Zeitgeist: Addendum

Money As Debt (video) + “In Debt We Have Trusted,” For over 300 years By Jim Kirwan

Aaron Russo Has Died Aug. 24th 2007 + Mad As Hell + America: Freedom to Fascism – Director’s Authorized Version (videos)

Happy-Happy in Hope and Voluntary Servitude

10 Responses

  1. [...] The Monetary Conspiracy For World Government by Zahir Ebrahim « Dandelion Salad [...]

  2. [...] The Enduring Capitalist Conspiracy For World Government by Zahir Ebrahim [...]

  3. Thanks for the link to additional info, Ernie.

    (I did take your email addy out of your comment.)

  4. Many people who recommend Eustace Mullins’ writings are completely unaware of his background. See the following report:


  5. Thanks, Zahir. I edited one of your links as I already posted that video here.

  6. Please see: Eustace Mullins’ SECRETS OF THE FEDERAL RESERVE


    And Money as Debt http://dandelionsalad.wordpress.com/2008/10/01/money-as-debt-video-%e2%80%9cin-debt-we-have-trusted%e2%80%9d-for-over-300-years-by-jim-kirwan/

    As Chomsky once wrote, it takes a sentence to construct a lie, considerable more space and time to refute it.

    Fortunately, many dedicated peoples have done just that, including Paul Grignon http://paulgrignon.netfirms.com/MoneyasDebt/ProducersComments.html

    Judge for yourselves what is deliberate disinformation, what is the fact of the matter.

    More importantly, ask why should there be any need for disinformation on such a transparant matter as the Federal Reserve System in the first place?

    If one ponders that question first, either agrees or disagrees with the prosposition that this subject is shrouded in secrecy and obfuscation which is what creates mythologies, half-truths, and even outright lies, not to mention this trillion dollar Bailout, then the rest follows on why forensic skills are either necessary or not to tell the difference between propagandists shilling for their paymasters, ‘tin-hatted’ conspiracy theorists indulging their imaginations, deliberate ‘technique of infamy’, and the real fact of the matter.

    Zahir Ebrahim
    Project Humanbeingsfirst.org

  7. 90% correct, but the last 10% that is wrong is major.

  8. http://www.publiceye.org/conspire/flaherty/Federal_Reserve.html

    By: Edward Flaherty, Ph.D. Department of Economics College of Charleston, S.C.

    Facts: Yes, the Federal Reserve banks are privately owned, but they are controlled by the publically-appointed Board of Governors. The Federal Reserve banks merely execute the monetary policy choices made by the Board. In addition, nearly all the interest the Federal Reserve collects on government bonds is rebated to the Treasury each year, so the government does not pay any net interest to the Fed.

    Facts: No foreigners own any part of the Fed. Each Federal Reserve bank is owned exclusively by the participating commercial banks and S&Ls operating within the Federal Reserve bank’s district. Individuals and non-bank firms, be they foreign or domestic, are not permitted by law to own any shares of a Federal Reserve bank. Moreover, monetary policy is controlled by the publically-appointed Board of Governors, not by the Federal Reserve banks.

    Fact: Independent accounting firms conduct full financial audits of the Federal Reserve banks and the Board of Governors every year. The Fed is also subject to certain types of audits from the Government Accounting Office.

    Facts: The Federal Reserve rebates its net earnings to the Treasury every year. Consequently, the interest the Treasury pays to the Fed is returned, so the money borrowed from the Fed has no net interest obligation for the Treasury. The government could print its own currency independent of the Fed, but there would be no effective safeguards against abuse of this power for political gain.

    Facts: The Federal Reserve banks have only a small share of the total national debt (about 7%). Therefore, only a small share of the interest on the debt goes to the Fed. Regardless, the Fed rebates that interest to the Treasury every year, so the debt held by the Fed carries no net interest obligation for the government. In addition, it is Congress, not the Federal Reserve, who is responsible for the federal budget and the national debt.

    Facts: Kennedy wrote E.O. 11,110 to phase out silver certificate currency, not to issue more of it. Records show Kennedy and the Federal Reserve were almost always in agreement on policy matters. He even signed legislation to give the Fed more authority to issue currency.

    Facts: McFadden was incorrect regarding the Fed costing the government money. However, later economic analysis agrees with him that Federal Reserve policy blunders had a substantial role in causing the Depression. However, his implication that this was done deliberately has no basis in fact. Moreover, for a dozen years prior to his rant, McFadden had been the chairman of the House subcommittee that oversaw the Federal Reserve. Why didn’t he do anything to reform or abolish the Fed while he had the chance?

    Facts: The banking system is indeed able to create money with a mere computer keystroke. However, a bank’s ability to create money is tied directly to the amount of reserves customers have deposited there. A bank must pay a competitive interest rate on those deposits to keep them from leaving to other banks. This interest expense alone is a substantial portion of a bank’s operating costs and is de facto proof a bank cannot costlessly create money.

    Fact: The term ‘lawful money’ does not refer to gold or silver coin, but to types of money which the government would permit banks to use when tabulating their reserves. These types of money included, but were not limited to, gold and silver coin.

    BY: Edward Flaherty, Ph.D. Department of Economics College of Charleston, S.C.
    (CLICK this URL for the denunking of the rest of this FAR RIGHT, John Birch Society’esque bunkum, http://www.publiceye.org/conspire/flaherty/Federal_Reserve.html
    * Myth #1: The Federal Reserve Act of 1913 was crafted by Wall Street bankers and a few senators in a secret meeting. http://www.publiceye.org/conspire/flaherty/flaherty1.html
    * Myth #2: The Federal Reserve Act never actually passed Congress. The Senate voted on the bill without a quorum, so the Act is null and void.
    * Myth# 3: The Federal Reserve Act and paper money are unconstitutional.
    * Myth# 4: The Federal Reserve is a privately owned bank.
    * Myth #5: The Federal Reserve is owned and controlled by foreigners.
    * Myth #6: The Federal Reserve has never been audited.
    * Myth #7: The Federal Reserve charges interest on the currency we use.
    * Myth #8: If it were not for the Federal Reserve charging the government interest, the budget would be balanced and we would have no national debt.
    * Myth #9: President Kennedy was assassinated because he tried to usurp the Federal Reserve’s power. Executive Order 11,110 proves it.
    * Myth #10. The Legendary Tirade of Louis T. McFadden

  9. Corrections:

    “raided the home of a prominent attorney named Vanswack” > should be von Zwack

    “Illumbrados of Spain” > should Alumbrados

    “May 1, 1776, by Adam Wiesop” > should be Adam Weishaupt

    “Professor at Inglestaff University” > should be Ingolstadt

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