It is impossible to understand the global conspiracy unless we appreciate thebackground to the world money system. This is not taught in the schools and nosmart-suited economist or correspondent on the television news will tell you thetruth, either. Some of them don’t know what is going on because they have beenprogrammed to believe nonsense by the education system, while others simplydon’t want you to know. The foundations of the manipulation toward a worldgovernment, army, bank and currency are built on the fantastic con trick we call thebanking system. Once people understand the way this works, it is easy to see how afew can control the lives of everyone else. It is worth repeating and expanding hereon what I said in Chapter 3.The banks are given the power to ‘create’ money, by which they mean ‘creating’non-existent money known as credit. This costs them nothing, but the moment thiscredit is brought into theoretical existence the banks can start to charge interest onit. This is the system that controls everyone’s life. But it goes further than that.When you take out a loan, the bank ‘creates’ credit for the size of the loan, say£20,000. If only in theory, that is ‘new’ money. But you are not going to pay backonly £20,000, because you have to pay interest on that loan. The interest has notbeen ‘created’ by the bank, but it still has to be found from somewhere. So where?From the wealth and credit already circulating in the world.In this way, since this crazy banking system began, the real wealth of the planethas been sucked into the banking system as the interest paid on every loan to everyperson, business, and government. This has allowed them to lend even more nonexistent money on the back of that and get the world even deeper in debt. Thewealth and credit-loaning capacity they have accumulated is beyondcomprehension, far more than that of the United States, the richest country in theworld. In fact, they own the United States, as they own almost every other countryin the world. The bankers have used this wealth and credit mountain to buy andcontrol the global oil companies, multinationals of every kind, the media, thearmament companies, the drug companies, the politicians, the political ‘advisors’,and virtually everything else they need to control the world. The same few peopleand families own the lot! They hide this truth behind the front organisations, thenexus of companies, and the puppet directors, and they are supported in theirdesire for secrecy by the pathetic media and the education system. The Rockefellersand Rothschilds alone control a fantastic network of banks, oil companies,multinational corporations, airlines, and scores of other organisations. The Rockefeller/Rothschild Chase Manhattan Bank has enough power by itself tostimulate a global financial panic. In 1995 the Chase merged with Chemical Bankwhich had already absorbed Manufacturers Hanover. The concentration of power isincredible. But the true controllers of these empires are hidden from public view byfrontmen, trusts, foundations, and companies. The Rockefellers’ ability to hide theextent of their power is phenomenal. But with the Rothschilds it borders on genius.Particularly since the second World War, they have sought to promote an image of adeclining power operating outside of the big league. Nonsense. They are the bigleague along with other elements of the Global Elite.According to the New World Order researcher, Eustace Mullins,1 the Rothschildsuse the code ‘City’ and ‘First City’ in North America to indicate banks under theirinfluence from the City of London. He says these include First City Properties, FirstCity Financial Corporation of Vancouver, First City Trust of Edmonton, and FirstCity Development Ltd, which are all headed by Samuel Belzberg. Much of thecoordination is communicated through Rothschild Inc., of Rockefeller Plaza, NewYork, according to Mullins. The Rothschilds also operate through a Canadiancompany known as PowerCorp which in turn connects with the Hollinger Group,the Canadian publishing empire owned by the elite Bilderberger, Conrad Black. TheHollinger Group controls a stream of publications worldwide, including theLondon-based Telegraph newspapers, and its international advisors are HenryKissinger and Lord Carrington, chairman of the Bilderberg Group, former Britishcabinet minister, and a cousin of the Rothschild family. (These two formed theirown company, Kissinger Associates.) This covert interlinking of power in banking,politics, and the media allows the same few individuals to promote the same policythrough a host of apparently unconnected institutions and organisations.By controlling the creation of credit, the bankers can cause booms and busts,nationally and internationally, whenever they wish to further their ambitions. Aneconomic depression is not caused by a collapse in the demand for goods andservices. People do not decide that they no longer want jobs done or articlesproduced. An economic depression is caused when there are not enough pieces ofpaper and electronic ‘money’ in circulation to pay for those goods and services.And who controls the amount of money-credit in circulation? The banks. If theywant to cause a depression for ulterior motives, as in pre-war Germany and the US,they take measures which reduce the amount of money in circulation. They reducethe number of loans they make and raise interest rates.This also reaps a colossal reward for the major (Global Elite) banks. People stillhave to pay the interest on loans taken out before the manufactured economiccollapse and if they default, the banks take their property and increase by hundredsof thousands the number of farms, businesses, and homes they own. And withevery payment of interest by those who continue to pay their loans during adepression, more money is being taken out of circulation and not recycled back intothe economy, thus increasing the depression.This process of reducing the money in circulation and causing a depression canbe seen all the time. The economists and their poodles, the politicians and economic correspondents, call all this part of the ‘economic cycle’. Baloney. In the 1930s thatterrible depression, in which men, women, and children starved in a world ofplenty, was caused by the banks withdrawing money from circulation by refusingloans. It wasn’t that people didn’t want to eat; they simply could not afford to buythe food because money had been artificially taken out of circulation. I will leave itto an ‘insider’ to sum up the situation I have described. Robert H. Hemphill, acredit manager at the Federal Reserve Bank in Atlanta, said:This is a staggering thought. We are completely dependent on the commercial banks.Someone has to borrow every dollar we have in circulation, cash or credit. If the bankscreate ample synthetic money we are prosperous, if not, we starve. We are absolutelywithout a permanent money system. When one gets a complete grasp of the picture,the tragic absurdity of our hopeless position is almost incredible, but there it is. It is themost important subject intelligent persons can investigate and reflect upon. It is soimportant that our present civilisation may collapse, unless it becomes widelyunderstood and the defects remedied very soon.2There was no money, people were told, to build houses and feed the population.But suddenly, when it was time for the Global Elite’s war, the money available tofinance Hitler, Japan, and the war effort in the United States and Great Britain waslimitless. People often say that there always seems to be money available to fightwars. Of course there is, because the bankers who control the world economicsystem want those wars. They do not want people well-housed with full bellies anda proper education because then they would be much harder to control. It was notthe much-hyped ‘New Deal’ policies of Franklin Roosevelt which ended the 30sdepression, it was the banks putting money back into circulation to finance the warthey were creating. Here is a reality of life on Earth:There is no need for anyone to be cold, hungry, homeless or in poverty. All thesethings are caused by the lack of pieces of paper and electronic numbers calledmoney circulating in the world and by the charging of interest on them. We couldchange that today if the desire was there.The world financial system and policies of boom and bust are controlled by justthirteen people – the members of the International Banking Commission in Geneva,Switzerland, which was set up by David Rockefeller on behalf of the Elite in 1972.The Commission is made up of two members each from the US Federal Reserve, theBank of England, the central banks of Germany, France and Switzerland, and onemember each from the Netherlands, Austria and Scandinavia. It has its ownintelligence agency known as Four-I, the International Intelligence InformationInstitute. This banking Elite is controlled by families like the Rothschilds,Rockefellers (Rockenfelders), Bilts and Goldbergs. Connecting with the Commissionis the Bank of International Settlements, also in Switzerland, the country at thecentre of the Elite financial network. The BIS helps to coordinate the policies of the national central banks, like the United States Federal Reserve, the private bankingcartel which decides the economic and interest rate policies of the United States, nomatter what the puppet presidents and politicians think about it (Figure 13). The’Fed’ does not have board membership of the BIS, but it is the coordination thatgoes on unofficially that matters. The Federal Reserve sends representatives to all itsmeetings and subscribes to the shares of the BIS.3 Most people in America don’teven realise the Federal Reserve is a private organisation. They think (a) thegovernment would not be stupid or corrupt enough to allow a private bankingcartel to run the country (wrong!) or (b) that the word ‘Federal’ means that it mustbe part of the government (equally wrong).The term Federal is used for many Elite organisations in the US to give theillusion of government ownership. In the United Kingdom, we are sold the illusionthat the Bank of England is nationalised and therefore under the control of thegovernment. The Bank of England is one of the focal points of the Elite financialnetwork. It was controlled by the Rothschild Empire when it was an officiallyprivate bank, and it has continued to be controlled by the Global Elite since it wasnationalised by the post-war Labour Government and it became an unofficialprivate bank.The first move by the new Labour Party Chancellor Gordon Brown (Bil) aftertaking office in May 1997, was to allow the Bank of England to set interest rates likethe Federal Reserve, a move he had hinted at two years earlier.4 Within days oftaking office he did precisely that. Eddie George, the Bank of England Governor, is aformer executive of both the Elite-controlled Bank of International Settlements andthe International Monetary Fund (IMF). The whole house of cards, and the control of the human race, is based on thecharging of interest on money. The subject of interest is crucial. There is nothingwrong with money if it is used only as a measure of exchange for goods andservices. It is when you can charge interest on money, most of which doesn’tphysically exist, that enormous dangers arise. You can then make more money frommanipulating pieces of paper and electronic numbers than you can from producingessential goods and services for people who need them. With the charging ofinterest, the money chases those who already have money and ignores those whohave not. The cataclysmic social and financial divisions in the world are caused bythe charging of interest on money. Production is geared to greed, not need, and therich get richer and the poor, poorer. Often it is not the cost of a house that preventspeople from buying a home, it is because we have to buy three or four for the rightto live in one!A mortgage leaflet put out by the National Westminster Bank tells me that if Itake out a loan of £50,000, I will actually pay them back £152,000, the price of threehouses to buy one. And on the front of the leaflet they have the nerve to claim: TheNational Westminster Bank. We’re here to make life easier. Imagine thetransformation that would occur if people only had to repay the capital (with nointerest) on their house over a period of 25 to 30 years. The cost of a mortgage and abasic human right (a home) would plummet immediately by two-thirds. Thebuilders would still get paid because they are paid from the capital price. Thesuppliers of the materials would still get paid for the same reason. The only personwho would not make the killing of today would be the banker who currently makesa fortune from every house purchase. Builders go out of business and people sleep inthe streets to allow a few bankers to grow fatter and richer, and ever more powerful.There is no reason whatsoever why a government cannot print its moneyinterest-free and lend it interest-free to the people to buy a home, with perhaps asmall one-time charge to cover administration costs. The only thing stopping this isthe lack of will to do so by politicians of all parties controlled directly by the Elite orby its economic manipulation. Look at how taxation could be reduced dramatically,or even removed, if our governments – the people, in other words – were notpaying back phenomenal sums in interest on money ‘borrowed’ from the banks. Afriend in the financial business reckons that for every pound or dollar that exists ascash, another 30 million exists (or rather doesn’t!) as electronic credit. PastorSheldon Emery described this system of government debt-creation very well in hisbook, Billions For The Bankers, Debts For The People:The Federal Government, having spent more than it has taken from its citizens in taxes,needs, for the sake of illustration, $1 billion. Since it does not have the money, Congresshas given away its authority to ‘create’ it, the Government must go to the ‘creators’ forthe $1 billion. But the Federal Reserve, a private corporation, doesn’t just give it away!The bankers are willing to deliver $1 billion in money or credit to the Federal Governmentin exchange for the Government’s agreement to pay it back – with interest! So Congressauthorises the Treasury Department to print $1 billion in US Bonds, which are then delivered to the Federal Reserve Bankers. The Federal Reserve then pays the cost ofprinting the $1 billion (about $1,000) and makes the exchange. The Government thenuses the money to pay its obligations. What are the results of this fantastic transaction?Well, $1 billion in Government bills are paid all right, but the Government has nowindebted the people to the bankers for $1 billion on which the people must pay interest!Tens of thousands of such transactions have taken place since 1913 when the FederalReserve was created so that by the 1980s, the US Government is indebted to thebankers for over $1 trillion on which the people pay over $100 billion a year in interestalone with no hope of ever paying off the principal. It is far more today. Supposedly ourchildren and following generations will pay forever and forever!You say, This is terrible! Yes, it is, but we have shown only part of the sordid story.Under this unholy system, those United States Bonds have now become ‘assets’ of thebanks in the Reserve System which they then use as ‘reserves’ to ‘create’ more’credit’ to lend. Current ‘reserve’ requirements allow them to use that $1 billion inbonds to ‘create’ as much as $15 billion in new ‘credit’ to lend to States,Municipalities, to individuals and businesses. Added to the original $1 billion, theycould have $16 billion of ‘created credit’ out in loans paying them interest with theironly cost being $1,000 for printing the original $1 billion! Since the US Congress hasnot issued Constitutional money since 1863, in order for the people to have money tocarry on trade and commerce they are forced to borrow the ‘created credit’ of theMonopoly Bankers and pay them usury-interest!5The term ‘constitutional money’ is a reference to the United States Constitution,which says, Congress shall have the power to coin money and regulate the valuethereof. Unfortunately, either by accident or design, it does not say that Congressshall always coin money and regulate the value thereof, and that no-one else willever do so. The consequences of this have been quite dreadful for America and theworld: in 1910, the Federal debt was only $1 billion, or $12.40 per person. State andlocal debts were very small or non-existent; by 1920, just seven years after theFederal Reserve was launched, the US Government debt was $24 billion, $228 forevery citizen; in 1960, the national debt was $284 billion or $1,575 per head; by 1981,the debt passed $1 trillion and has gone on soaring ever since. If the whole of theUnited States were handed to the bankers to pay back the debts, they would still beowed another two, maybe three Americas!6 It was not without reason that ThomasJefferson, one of the founding fathers, said:If the American people ever allow private banks to control the issue of their money,first by inflation and then by deflation, the banks, and the corporations that will grow uparound …the banks…, will deprive the people of their property until their children willwake up homeless on the continent their fathers conquered.7In the United Kingdom, the government was paying £1 billion a year in intereston borrowing after the end of the 1960s. By 1993 it had soared to £24.5 billion. The government has borrowed to pay interest on previous loans while the capital hasremained unrepaid. Contrast that £24.5 billion in interest payments with the £33billion spent on health that year and the £11 billion awarded to education.8 Don’tcomplain about a lack of school books or crumbling buildings. The bankers havegot to eat, you know.The creation of debt through interest charges also sets up the structure throughwhich the takeover of the world by the few becomes possible. The bankers canaccumulate and manipulate businesses by accepting, or refusing, loans. One regulartakeover scenario is for the Elite bankers, in concert, to deny loans to a targetbusiness or multinational corporation. This depresses its value on the stockexchanges. At this point, with the price of the stock falling, the bankers buy largeblocks of shares at bargain prices. The bankers then have a sudden change of heartand approve the loan, thus increasing the company’s share value. The banks eithersell the shares and make a handsome profit or they retain their increased control inthe boardroom. When the banks gain control, what do they do? They ensure thatthe company borrows more and more from the banks until they are so much in debtthat the banks own everything.It is in this way that the same few people have come to own all the majorbusinesses, the media, and so on. Once they owned the media, of course, it becameeasy to keep the truth from the people and feed us the lies that are necessary tomislead and confuse us. If you are a journalist or a bank employee, go and find amirror and ask it some questions. Your children are going to face the consequencesof the New World Order like everyone else’s, unless you wake up. Nothing wouldimprove the lives of people quicker than an end to the charging of interest onmoney and for governments to print their own money, interest free, or to make thebanks pay interest to the government. President Abraham Lincoln began to do thiswith his so called ‘greenbacks’. He was murdered soon afterwards by John WilkesBooth, an alleged agent of the House of Rothschild, in 1865. President John F.Kennedy proposed to do it and some of his interest-free notes are still in circulation.He was murdered by the Elite in Dallas, Texas, in 1963.Another money confidence trick is that of inflation. We are told that inflation iscaused by too much money in circulation chasing too few goods. This is used tojustify the removal of money from circulation, which leads to an economic’depression’. This was a ruse used by the Volcker-Reagan-Thatcher trio in the early1980s when the ‘in’ phrase was squeezing inflation out of the system. How caninflation be caused by too much money chasing too few goods when in any boomor depression the shops are full of goods on the shelves left unsold? And if moregoods are being sold and production is increased, why don’t the so calledeconomies of scale bring prices down? Greed is part of this, for sure, but there areactually too many goods chasing too little money in circulation. Interest on moneymassively inflates prices and it does so while ensuring that there is too little moneyto spend on goods.Each time a bank creates a loan, it is creating more debt than the amount of theloan itself. Take the example of the £50,000 loan from the National Westminster Bank I mentioned earlier. The loan is worth £50,000, but the debt created at the sametime is £102,000. To pay this back, the borrower has to find more money – double, inthis case – than he has borrowed. The only way he can do this is to earn money thatsomeone else has borrowed into existence. The debt of people and governmentexplodes in this way, but there is still a scarcity of money to spend on goods becauseso much of the money in circulation is spent on servicing debt.We are told in these circumstances that the supply of money in circulation mustbe reduced because prices are being inflated by too much money in the system. Themain reason prices go up is because they are reflecting the amount of debt that hasto be serviced. The more debt, the higher the prices throughout the system frommaterial suppliers to transportation to advertising to shops. The cumulative effectof all this debt is reflected in the price of a product on the shelf. Whenever you buyanything, from a loaf of bread to a Rolls Royce, you are paying back someone else’sdebt to the banks. How do the economic ‘experts’ react to higher prices caused bythe need to service debt? They raise interest rates to discourage more borrowingand reduce the amount of money in circulation. And what effect does that have? Itcreates more debt among those people already servicing loans and ensures thatthere is even less money to spend on goods. Whichever situation you have, there isnever too much money chasing too few goods, except among certain products andcommodities from time to time due to a host of other factors, including greed.Generally it is always the other way round, too little money for too many goods.The only difference in this situation during a boom or bust is that of degree. Theend of charging interest on money will lower prices and transform the lives ofeveryone on the planet. So what are we waiting for?The Gold MountainOne point to emphasise is the extent of the wealth accumulated by the Elite throughthe debt-interest system, and by stealing the world’s gold. A contact who hasstudied and worked within the global financial system, says that gold stolen by theElite, from Russia after the war and from Japan, the USA and other sources, totalssome $60 trillion. This, he says, is held at the Clouten precious metals depositorynear Zurich, and similar depositories at Umbrea near Geneva, in Vienna and at theRhein – the main airbase in Frankfurt. During the war, the Elite gold was stored atthe US military base at Melinom near Jakata, Indonesia, where it was guarded by20,000 troops. My contact has paperwork to prove many of these claims.The Money PoliceAfter the Second World War, with the nations of Europe devastated by conflict anddebt to the Elite’s bankers, the next stage in the global domination of money andcredit was installed through groupings like the Organisation for EconomicCooperation and Development (OECD), the World Bank, the InternationalMonetary Fund (IMF), and the General Agreement on Tariffs and Trade (GATT).The World Bank, IMF, and GATT were all agreed upon by British and Americannegotiators at a conference in Bretton Woods, New Hampshire, in 1944. Most influential in these agreements were the economist, Lord Keynes, from Britain, andthe US Treasury Secretary, Harry Dexter White (CFR), who, with Alger Hiss, thesecretary general at the launch of the United Nations, would later be exposed ascommunist spies. The technical secretary at Bretton Woods was Virginius FrankCoe, an official of the US Treasury. He was appointed secretary of the new IMF untilit was revealed in 1952 during congressional testimony that he was also a memberof Dexter White’s communist ring! These were the guys who created the IMF, WorldBank, and GATT.The role of the World Bank (not to be confused with a world central bank) is tomake loans to governments for large capital projects. These have been used, asintended, to finance projects in poor countries designed to meet the needs of themultinationals. These include policies forcing people from the land, thus destroyingself-sufficient lifestyles and creating dependency on the Elite’s global economy.Much of the destruction of the rainforests has been done with loans from the WorldBank, which, as we have seen, is always headed by appointees from the CFR, TC,Bil, establishment, and has eugenics as a key pillar of its policy. This subsidisedenvironmental destruction has another plus for the Elite. It helps them to justifyworld control by the need to ‘save the planet’.A role of the World Bank and other global economic ‘agencies’ is to make afortune for the multinational construction companies like the Bechtel Group. This isnormally done by making loans to Third World countries for mega constructionprojects which are irrelevant, even disastrous, for the needs of the local people. InApril 1995, President Bill Clinton successfully nominated James Wolfensohn9 to bethe new president of the World Bank. Wolfensohn, an Australian-born, naturalisedAmerican, has the perfect background for the post. In the 1960s, he worked for the J.Henry Schroder Bank in London and went on to serve on the Rockefellers”population control’ organisation, the Population Council. Other Global Elite groupshe has served include the Rockefeller Foundation, the Institute of Advanced Studiesat Princeton, and the Brookings Institute. Add to that his position on the steeringcommittee of the Bilderberg Group and his membership in the Council on ForeignRelations and Trilateral Commission, and you have the perfect man to head theGlobal Elite’s World Bank.