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www.michaeljournal.orgtheir monopoly. At the meeting of the American
Bankers Association in Boston in October 1937,
they took care to emphasize the importance of
shaping the youth of the schools through lessons
or lectures skilfully presented by Iocal bankers;
by school competitions sponsored and judged
by them; monitoring of the media; insertion of
articles prepared by bankers or their publicists,
elimination of articles that could hurt the prestige
of the banks, using if needed the decisive influ-
ence of advertisers, and insuring any academic,
especially in economic faculties, who attempted
to expose their deception, were not granted
tenure.
In Canada, we are quite in unison with this
London-based debt-money system, controlled
by private banks, which results in public debts.
We too in Canada, since 1934, have our own cen-
tral bank, the Bank of Canada: despite its name,
it is more responsive to its masters, the privately-
owned Bank of International Settlements (BIS)
then it is to Canada’s parliamentaries and cit-
izens’ needs.
Canadian Liberal leader Mackenzie King was
so proud to say said in 1935 that if he came
to power, he would ensure that the govern-
ment would regain control of money and credit
because democracy is an empty word when it
is the bankers and financiers who hold control.
Once he became Prime Minister of Canada, not
only did he not do anything he promised to put
an end to the control of money by private inter-
ests, but he even disavowed laws that wanted to
establish in a province (Alberta) what he himself
had promised to establish in the whole country.
Is not the history of the monopoly of money
so beautiful! How can it be explained that so
many people persist in defending this system!
What a beautiful result this system gave us!
Pope Pius XI
wrote this about this
system, in his encyc-
lical letter Quadra-
gesimo anno in 1931:
“Those who control
money and credit
have become the
masters of our lives,
to such an extent
that no one dare
breathe against their
will.” These people
want the earth to become their inherit-
ance.”
And Earth has become their inheritance. What
country is not in debt today? If the whole planet is
in debt, do we owe these debts to the inhabitants
of Mars or Venus? No, all these debts are owed
to an organized clique of public criminals — the
war-mongers, those who are starving women and
children, the poisoners of our lives, the “bandits
replace the black masks with a white carnation in
their buttonhole and, to a gun, prefer the crimson
fountain pen. “(Father Coughlin).
It is before this international monster that we
religiously bowdown, go on our knees, and submit
to! History does not offer us another example of
this idiotic lowering of an entire world, except in
the worship of the devil and stone idols or metal
for over forty centuries. So also the powers of
the day formed a protective hedge around stupid
practices and strict legislation defending the
throne of the infernal dictator who was deceiv-
ing mankind. Our children will be able to say the
same thing about our present civilization.
Louis Even
Thomas Jefferson, the third President of the United Sta-
tes, who was always opposed to the debt-money system
imposed by private banks, wrote this in 1816:
“I sincerely believe that banking establishments are
more dangerous than standing armies, and that the prin-
ciple of spending money to be paid by posterity, under
the name of funding, is but swindling futurity on a large
scale.”
Pope Pius XI