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pany of the Bank of England,’ as they called
themselves, should have the right to issue notes
to the full extent of its capital.
“That is to say, the Bank got the right to col-
lect £1,200,000 in gold and silver and to turn it
into £2,400,000, lending £1,200,000, the gold and
silver, to the Government, and using the other
£1,200,000, the bank-notes, themselves.
“Paterson was quite frank about it that this
privilege which had been given to the Bank was
a privilege to make up money. ‘If the propri-
etors of the Bank,’ he wrote, ‘can circulate their
own funds of twelve hundred thousand pounds
without having more than two or three hun-
dred thousand pounds lying dead at one time
with another, this Bank will be in effect as nine
hundred thousand pounds or a million of fresh
money brought into the nation.’ In practice they
did not keep a cash reserve of nearly two or
three hundred thousand pounds. By 1696 we
find them circulating £1,750,000 worth of notes
against a cash reserve of £36,000.”
So private banking became more powerful
than the king. From the beginning of the takeover
of public affairs by this association of exploiters,
we find the new money machine working primar-
ily to finance wars; it is in this time that it laid
the foundation for perpetual considerable prof-
its. This machine had lost none of its powers in
1914; no government ran out of money to drive
its citizens to the great slaughter of World War I.
The phrase “No money”, defeaning us today, was
not pronounced once from 1914 to 1918 in any of
the warring nations.
War provides the greatest risk-free profit
opportunity for international finance and bank-
ing, as they generously fund both sides. Each
side promises to repay through then reclaims
its tons of flesh from the “winner’s” on-going
taxation of their surviving citizens and war rep-
aration payments for the losers. During time of
peace and prosperity, international banks gladly
provide loans for the most fantastic develop-
ment schemes until it is time for the next war.
The House of Rothschild
The international House of Rothschild House
is a fine example of fortune built thanks to
wars. One reads in
Money Creators
, by Gerture
Coogan: “Meyer Amschel Rothschild entered the
scene. His family of five sons and five daughters
had taken the name of Rothschild from the Red
Shield which hung in front of Meyer’ s shop in
Frankfort-on-the-Main in Germany as his trade-
mark. Meyer conceived the idea of enlisting
young men as mercenary troops, painting to
them the glories of military service, etc.
“When King George III of England was unable
to secure British soldiers to fight their cousins
across the Atlantic, he went to the Landgrave of
Hesse Cassel, at Hanau, near Frankfort. George
III paid $20,000,000 to the Landgrave for approxi-
mately 16,800 Hessian mercenaries ($1,200
per head) who had been organized and trained
by Meyer Amschel. The Landgrave loaned this
$20,000,000 to Meyer Amschel at a very low rate
of interest for ten years.
“It is well known that the foreign borrowing of
funds for the American Revolution was accom-
plished through the efforts of Robert Morris. It is
not so well known that Morris secured his funds
from Haym Solamon. Those who know anything
of international banker solidarity will appreci-
ate immediately that Meyer Amschel loaned the
money to Solamon, which was in turn loaned
through Robert Morris to the American Colonies.
Thus, George III paid for the American Revolu-
tion and the international financiers played both
ends against the middle; no matter who lost, they
won, and lives were sacrificed on both sides.”
Meyer AnselmRothschild raised his five sons
to continue this successful business. The ablest
of them, Nathan, moved to London, where he
established the bank and brokerage house N.M.
Rothschild and Sons; James moved to Paris,
Solomon to Vienna, during the French Revolu-
tion. Napoleonic wars came to the point. Eng-
land borrowed from Nathan Rothschild to fight
Napoleon. Napoleon borrowed from James
Rothschild and his stooges to fight England.
The soldiers fell, wives and mothers cried, while
the House of the Rothschild became wealthier...
If all American money was manu-
factured by the government, the
United States would have no public
debt. The same thing can be said of
Canada and any other country. The
existence of public debts shows
that the present financial system is
wrong, that money is flawed from
its inception.