Extract from the book

SECRET SOCIETIES of jan van hilsing (pseudonym)

From page 142:


How the central bank in America was made private - see more on link here and the speech from the video on link here - under NEW WORLD ORDER button.

Towards the end of the 19th century the banks controlled by the Rothschilds started a big campaign to get the rich American economy under their control. Around 1900 the Rothschilds sent a further agent to the U.S., PAUL WARBURG, to collaborate with the banking firm of Kuhn Loeb & Co. Take note of this name, he was yet to interlink many more organizations! JACOB SCHIFF and PAUL WARBURG started a campaign for the creation of the FEDERAL RESERVE BANK as an established private central bank in America.

In 1907 Jacob Schiff said before the New York Chamber of Commerce:

"If we don't get a central bank with sufficient credit control, this country will experience the most severe and far-reaching financial panic in its history." (Des Griffin: "Descent Into Slavery").

No sooner said than done. They went on to hurl the U.S. into a monetary crisis the resulting panic at the financial market of which ruined the lives of tens of thousands of people all over the country. The panic at the New York stock exchange brought the Rothschild's - quite apart from a profit of several billion US$ - the success they hoped for. Cunningly planned, the panic was used as an argument for the establishment of a central bank to stave off similar occurrences. Paul Warburg then told the bank and currency committee:

"In the Panic of 1907, the first suggestion I was 'let us have a national clearing house' (Central Bank)." (Gary Allen: "None Dare Call It Conspiracy").

The final version of the decision to introduce the FEDERAL RESERVE SYSTEM (the private central bank of the U.S.) was conceived on J. P. Morgan's estate on Jekyll Island, Georgia. According to H. G. Dorsey the meeting was attended by A. Piatt Andrew, Senator Nelson Aldrich, Frank Vanderlip (president of Kuhn Loeb & Co.) Henry Davidson (senior partner in the J. P. Morgan Bank), Charles Norton (president of Morgan's First National Bank), Paul Warburg and Benjamin Strong (president of Morgan's Bankers Trust Co.)

The introduction in 1913 of the "Federal Reserve System" enabled the international bankers to consolidate their financial powers in the U.S. Paul Warburg was the first chairman of the "Federal Reserve Bank of New York".

The "Federal Reserve Act" was soon followed by the 16th Amendment to the Constitution which enabled Congress to levy taxes on the personal income of U.S. citizens. This was the consequence of the fact that the U.S. government could no longer print its own money to finance its operations.

For the first time since the founding of the U.S. income tax was levied.

The foremost shareholders of the FEDERAL RESERVE (The Fed) were:

1. Rothschild banks in London and Paris

2. Lazard Brothers Bank in Paris

3. Israel Moses Seif Bank in Italy

4. Warburg Bank in Hamburg and Amsterdam

5. Lehmann Bank in New York

6. Kuhn Loeb Bank in New York

7. Rockefeller's Chase Manhattan Bank in New York.

8. Goldman Sachs Bank in New York

Congressman CHARLES LINDBERGH already then described the new Federal reserve System as the invisible government by its financial power.

How does "the Fed" function?

The Fed's "Open Market Committee" produces Federal Reserve Notes (dollar notes). These notes are then loaned to the U.S. government against obligations that serve the Fed as security. These obligations are held by the twelve Fed banks which receive the yearly interest payments thereon.


Remarks to Today's Situation

In 1982 the U.S. tax office put the national debt at US$ 1,070,241,000,000. The Fed therefore received in only one year US$ 115,800,000,000 in interest payments from the American tax payers. This interest capital goes into the coffers of the Fed, and so to the international private bankers.

1992 the obligations held by the Fed reached US$ 5,000,000,000,000 and the interest payments by the tax payers rise continually. And this fortune was created by the Fed by lending money to the U.S. government and charging high interest rates for something that costs the Fed only paper, ink and printing costs. This is one of the biggest swindles in the history of the U.S. and almost nobody notices. And so the Fed holds - via the obligations of the U.S. government - the lien on the state and private property of the whole of the United States of America.

 Innumerable lawsuits have not been successful in reversing the Federal Reserve Act. There is no legal way for the citizens to reclaim the money because the Fed is not a part of the government but a private institution. Apparently the Fed is not constitutional and should therefore not even exist. Nine U.S. states have cases pending to abolish (avskaffe) the Fed.

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 still more

The Federal Reserve - What Is It? Who Is It?

How the central bank in America was made private - see more on link here and the speech from the video on link here - under NEW WORLD ORDER button.