If you’re interested in the dark, hidden backstories, reading Stephen Zarlenga’s book – The Lost Science of Money: The Mythology of Money, The Story of Power … is a perfect good start! And for those who can read between the lines also Dr. Hjalmar Schacht, his 1967 book The Magic of Money is a real eye-opener. Original German version: Magie Des Geldes: Schwund Oder Bestand Der Mark http://amzn.to/2y5msOO When World...
On 18 June 1982 the body of Roberto Calvi was found swinging on a length of orange nylon rope beneath Blackfriars Bridge, London. He had £10,000 worth of sterling, Italian lire and Swiss francs in his wallet and his trousers were stuffed with bricks and stones from a nearby building site. The British coroner recorded a case of suicide. Banco Ambrosiano Roberto Calvi certainly had reasons to kill himself. The...
The process by which money comes into existence is thoroughly misunderstood. And for good reason! It has been the focus of a highly sophisticated and long-term disinformation campaign that permeates academia, media, and publishing. The complexity of the subject has been intentionally exploited to keep its mysteries hidden. Henry Ford said it best: “It is well that the people of the nation do not understand our banking system and monetary system, for if they did, I believe there would be […]...
Historians, in interpreting the nineteenth century, have laid stress on many and various aspects of the period under study; and descriptions of isolated periods, single episodes, and individuals are scattered amongst hundreds and even thousands of books. On the other hand, certain special features of the period under consideration have been, for various reasons, entirely neglected. An example of such neglect is the ignoring by historians of the role played...
The destruction of the worldwide economic order in the wake of World War II encouraged world leaders in 1944 to form a meeting to generate alternatives. This conference, referred to as Bretton Woods, resulted in the development of a new global fixed exchange rate regime with the U.S. dollar playing a central role. Under the Bretton Woods system, an ounce of gold could be bought at a fixed international rate...
From the early 1920s, countless pamphlets and writings, indeed just a handful of books, have looked for a link between “international bankers” and “Bolshevik revolutionaries.” Not often have these endeavors been covered by hard evidence, and never have this kind of efforts been argued within the framework of a scientific methodology. In truth, a few of the “evidence” utilized in these efforts has been deceitful, some has been irrelevant, much simply cannot be checked. Dichotomy Examination of the topic by […]...
“The House of Morgan” is about the rise, fall, and resurrection of an American banking empire—the House of Morgan. Perhaps no other institution has been so encrusted with legend, so ripe with mystery, or exposed to such bitter polemics. Until 1989, J. P. Morgan and Company solemnly presided over American finance from the “Corner” of Broad and Wall. Flanked by the New York Stock Exchange and Federal Hall, the short...
A large portion of Germany’s massive gold reserves are stored abroad, mainly in the Federal Reserve in New York. But are the bars really where they are supposed to be? A dispute has broken out over whether the central bank needs to check on its gold. Can Germany trust its international partners? Gold has been natural money for thousands of years. It has been used throughout history either as physical...
The IMF and the World Bank, were created at a meeting of global financiers and politicians held at Bretton Woods, New Hampshire, in 1944. Their announced goals were to facilitate international trade and to stabilize the exchange rates of national currencies. The unannounced goals were quite different. They were the elimination of the gold-exchange standard as the basis of currency valuation and the establishment of world socialism. The method by which gold was to be eliminated in international trade was […]...
Few people truly understand the complexities involved with central banking. Most people throughout modern history have made the terrible mistake of not understanding the relevance of their nation’s central banking scheme and a centrally planned economy to their own wealth preservation. Best example is the American FED. But America is not unique in this economic plunder, as private international banking interests have long sought to collude with governments in an...
Few economic subjects are more tangled, more confused than money. Quarrels abound over “tight money” vs. “easy money,” over the roles of the Federal Reserve System and the Treasury, over various versions of the gold standard, etc. Should the government pump money into the economy or siphon it out? Which branch of the government? Should it encourage credit or restrain it? Should it return to the gold standard? If so,...
The business of banking in Europe in the fourteenth century function was to evaluate, exchange, and safeguard people’s coins. In the beginning, there were notable examples of totally honest banks which operated with remarkable efficiency considering the vast variety of coinage they handled. Honest banks These first banks also issued paper receipts which were so dependable they freely circulated as money and cheated no one in the process. As these things go honesty never last long. The last two honorable […]...