"Why should everything done by the banks be covered with secrecy?"
William Manley German, House of Commons, December 1913, (Hansard.)
My great grandfather, William Manley German and his fellow parliamentarian, The Honourable H. R. Emmerson was among the few courageous opponents to the changes to our banking system. Emmerson said in the House, regarding banking and the powers granted to great corporations: "I start out with this proposition: That the Bank Act, as it has been on the statute book for the past decade, has resulted in the creation of the most powerful monopoly that exists in Canada today. Not only is it powerful, but there is no greater or more tyrannical combine. Tyranny is breathed in every paragraph of the bank bill under consideration (renewal of charters). The Canadian Bankers' Association is not as most other associations. They have powers that no other body in this country has in matters of bank trade within their jurisdiction. They have powers which are autocratic in themselves and in their exercise."Scarcity is alien to the creation and it is ungodly. God's providence is such that the creation is fruitful beyond any human calculation. Yet, now, scarcity reigns throughout the world.
Canada and the United States were once unencumbered and bountiful to the point of massive savings and surpluses, but, now, the pricing systems have us as 'dummied down' as the rest of the world. These pricing systems result from central or cartel banking systems.
The actions of The Bank of Canada, and The Federal Reserve Board have, as we shall see, proven to be the first cause in the death of our economies. The rest of the cause is the cartelization of the remainder of the bank and credit system.
The stop-and-go monetary policy created by these institutions makes business conditions unpredictable and thus inhibits investment and productivity. They have also been proven susceptible to political pressure for cheaper credit. When governments control a money supply, even indirectly, they have always throughout history abused that power. Inflationary creation of base money serves to enlarge the governments' command over real resources in a way hidden from the people. The redistribution of wealth using the power of monetary injections make its' use suitable as a vote-buying tool. It should be obvious that existing monetary authorities can only cause the monetary disorders of nations, especially in the absence of any real competition. Competition is the only force keeping commercial action honest.
The assumption that government has an inherent role in money and banking is as preposterous as believing they have a place in any private business. In history, when banking was most stable, it was closest to a pure laissez-faire operation. Whenever a nation is growing well, is creative, inventive, and productive you
will find a banking system very close to free-enterprise competitive banking. Having politicians and bureaucrats in charge of' the money, supply is like having Dracula in charge of a blood bank. The banking systems in the West are the complete and only cause of recessions, inflation, and I 'stagflation.' depression, panics and runs.The cur-rent monetary system is radically defective, even absurd. It places the dangerous power to create monetary imbalance in the hands of political authorities or unidentified nominees. The essential reform lies in the direction of laissez-faire. Barriers against competitive payments systems should be dismantled immediately. Only free enterprise banking offers the escape from this eternal trap. During Scotland's free banking era they experienced remarkable economic growth with no instability and the banking system experienced no panics, no inflation, no runs, no depressions, no recession's etc.
In reference to Canada's bank acts, Mr. White, in the House Of Commons, December 17, 1912, states, " I believe the plan outlined follows the English system, a system applied to the great banks of England. This is in response to a question from The Honourable William Manley German. (He meant they were creating an 'English system' which is to say a Rothschild style cartel.)
The following statements by Benjamin Franklin in reference to the cause of the American Revolution are illuminating. Around 1763, Benjamin Franklin made a visit to England. While there he was asked to explain the prosperity of the colonies while simultaneously England was suffering a bust, he replied: "That is simple. It is only because in the colonies we issue our own money. It is called 'Colonial Scrip' and it is issued in the proper proportions to the demands of trade and industry.
Senator Robert L. Owen states: "It was not very long until this information was brought to the Rothschild's Bank, and they saw that here was a nation ready to be exploited. Here was a nation setting up an example that they could issue their own money instead of the money coming
through the banks."The Rothschild's Bank caused a bill to be introduced in the English Parliament, which provided that no colony of England could issue its own money.
Senator Owen continues, "Thus, they had to use English money. The colonies were compelled to discard their money and mortgage themselves to the Rothschild's Bank of England to get money."
"Then, for the first time in the history of The United States, money began to be based on debt." Benjamin Franklin stated that in one year from that date the streets of the colonies were filled with the unemployed.
Franklin later claimed that this was the real cause of The War of Independence. He said, "The colonies would gladly have borne the little tax on tea and other matters had it not been that England and the Rothschild's Bank took away from the colonies their money which created unemployment, dissatisfaction and debt."
Throughout history, these systems have been so convoluted that even Saint John The Divine could only refer to them as 'a whore who sits upon the many waters.' The ownership of the largest blocks of bank stocks is in nominee accounts, numbered accounts or trust accounts. No names are divulged, so you are in the dark. What is being hidden? Why is
it being hidden?Most Canadian are too uninformed to know that upon the Rothschild's purchase of the exploitation rights to 50.000 square miles of Canada, Joseph Smallwood, Premier of Newfoundland called the purchase "the biggest real estate deal on this continent in this century." Winston Churchill, appreciative of the 'scale' of the deal, termed it "a grand imperial concept." This boast is in the Rothchild's biography, written by their friend and confidante Frederic Morton. This is just one tiny example of what the interest enforcers do with our purchasing power. They buy back our assets and equity. As it continues they own more and more and our children less and less. Lord Philip Jevson, told me as much some years ago.
Paul Angus Sullivan