I became president after the assassination of William Harrison. My whole administration walked out on me on September 11th. All except Daniel Webster who was settling the Webster-Ashburton Treaty with the Barring Brothers Bank which were bribing him to create the Third National Bank of the united States. I refused to make the bank and my administration walked out on me on the anniversary of Alexander Hamilton becoming the first Secretary of the Treasury and creating the First National on September 11th. The first and second Banks had their charters expire because they were dominated by English bankers like Baring Brother’s Bank. September 11th has always been an important date in American economic history and still is. Check it out for yourself.
For more info read Sub Rosa to find out how Salem shaped America and your lives! Available at Remember Salem, Jolie Tea, Wicked Good Books, Barnes & Noble, and Amazon.com.
I took over the bank my father inherited from George Peabody. They plotted the creation of a third national bank to hand our economy to the British. They failed, but I succeeded in 1913 when I had the Federal Reserve created and in time stripped all species from it’s banking. My bank has been fined for creating the 2008 Financial Collapse. In fact starting in 1837 Peabody & Co.and JP Morgan & Co. (JP Morgan Chase) have been crashing the economy on purpose every 20 years and choosing which Banks get bailed out.
For more read Sub Rosa by Chris Dowgin published by Salem House Press.
Available at Barnes & Noble, Remember Salem, Jolie Tea, and Amazon.com.
I became president after the assassination of William Harrison. My whole administration walked out on me on September 11th. All except Daniel Webster who was settling the Webster-Ashburton Treaty with the Barring Brothers Bank which were bribing him to create the Third National Bank. I refused to make the bank and my administration walked out on me on the anniversary of Alexander Hamilton becoming the first Secretary of the Treasury and creating The First National Bank. The first and second Banks had their charters expire because they were dominated by English bankers like Baring Brother’s Bank. September 11th has always been an important date in American economic history.
For more info read Sub Rosa to find out how Salem shaped America and your lives! Available at Remember Salem, Jolie Tea, Wicked Good Books, Barnes & Noble, and Amazon.com.
The U.S. Treasury looks for loans by selling Treasury Bonds Bills, Notes, and Securities. They sell these to primary dealers. A primary dealer is a bank or securities broker-dealer who cantrade directly with the Federal Reserve after purchasing Treasury Bonds or Securities or sell them to the public. They also make bids or offers on open market operations and provide information to the Fed’s open market trading desk. They consult with U.S. Treasury and the Fed about the budget deficit and implementing monetary policy. Primary dealers can work at the Treasury because of their expertise in the government debt markets, but the Federal Reserve avoids a similar revolving door policy.
The trading between primary dealers, called inter-dealer trading.Located on floors 101 to 105 of One World Trade Center was Cantor Fitzgerald, the single largest inter-dealer broker, who alone controlled 25% of the volume in securities. On 9-11 $500 billion in repos and $80 billion in securities had been traded but the settlement instructions were burned Fed regulators worked many long, over-time hours to accomplish to salvage records of these sales.
All of the top ten dealers in the foreign exchange market are also primary dealers, and between them account for almost 73% of foreign exchange trading volume. Who are the primary dealers whose job is to distribute U.S. Debt? Daiwa Securities and Mizuho Securities distribute the debt to Japanese buyers. BNP Paribas, Barclays, Deutsche Bank, and RBS Greenwich Capital (a division of the Royal Bank of Scotland) distribute the debt to European buyers. Goldman Sachs, and Citigroup account for many American buyers. Most of these firms compete internationally and in all major financial centers. Citigroup was First City National Bank which was influential in the early formation of the Federal Reserve during the period of Stillman and Fifi’s divorce years. After the 2008 Financial Collapse the Federal Reserve set up the Primary Dealers Credit Facility (PDCF), whereby primary dealers could borrow at the Fed’s discount window using several forms of collateral including mortgage-backed loans.
The Primary Dealers today are:
Bank of Nova Scotia, New York Agency
BMO Capital Markets Corp.
BNP Paribas Securities Corp.
Barclays Capital Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Daiwa Capital Markets America Inc.
Deutsche Bank Securities Inc.
Goldman, Sachs & Co.
HSBC Securities (USA) Inc.
J.P. Morgan Securities LLC
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Mizuho Securities USA Inc.
Morgan Stanley & Co. LLC
Nomura Securities International, Inc.
RBC Capital Markets, LLC
RBS Securities Inc.
SG Americas Securities, LLC
TD Securities (USA) LLC
UBS Securities LLC
Wells Fargo Securities LLC
J.P. Morgan and Morgan Stanley & Co. continue George Peabody’s tradition today selling state securities abroad. They also follow his steps to make a perfect panic. Both corporations were fined for orchestrating the 2008 Financial Scandal among other crimes recently. The largest fine only equaled about 13% what they could make in one year.
The Bank of Nova Scotia is rumored to have been robbed after September 11th when World Trade Center Building 4 was compromised. The long tunnel that was converted over from a PATH way that serves as its entrance was in the film Die Hard 3. Although in the film it was the Federal Reserve NY branch and New York City Water Tunnel #3.
Wells Fargo is owned by Kuhn, Loeb & Co. and linked by the Schiffsto N.M. Rothschild & Sons.
Who prints the Federal Reserve notes? Crane & Company. Winthrop Murray Crane was an advisor to Presidents Theodore Roosevelt and William Howard Taft, and served as a political mentor to Calvin Coolidge who gave his firm the contract.
Stephen Crane was the first in the Crane family to make paper. “The Liberty Paper Mill” openedin 1770. They sold currency-type paper to engraver Paul Revere, who printed the American Colonies’ first paper money.Crane embed parallel silk threads in banknote paper to denominate notes and prevent counterfeiting in 1844. In 1879, Crane grew when Winthrop M. Crane won a contract to deliver U.S. currency paper to the Bureau of Engraving and Printing in Washington, D.C. In 1922, Crane & Co. incorporated, with Frederick G. Crane elected as president. Dixon also came up with an anti counterfeiting practice.
What is the discount window and how do banks profit?
When the government needs money for their budget they print Treasury Bonds, Bills, and Notes. The Primary Dealers buy them and sell them to the Federal Reserve, other nations, and large corporations.At other times the Federal Reserve sells the securities to the Primary Dealers.The Primary Dealers buy them from Treasury Automated Auction Processing System (TAAPS).The dealers who bid on the largest amount of the debt with the lowest yield wins the portion they bid on. They then sell these to the Federal Reserve at a higher yield.
Then the Federal Reserve prints new money and digitally increase their accounts. They then lend this money to banks throughout the nation at a higher yield. On top of that they hold 10% of all the money they sell to the banks. Example…The Federal Reserve prints up $10 billion in new bills, and they credit an additional $90 billion in readily liquefiable accounts. So you think it stops there with $100 billion, but you would be wrong…
Now all of that extra $100 billion enters banking reserves. So your bank borrows a million. They now have $900,000 to lend out. Ten percent of what they borrowed is held by the fed who pays them 2.5% interest. Yes the Fed pays your bank 2.5% interest for borrowing money. Now your bank makes more money that enters circulation. They can lend out $10 million. So if they issue you a loan and you make a purchase, the buyer receives the money from the bank and now it enters circulation when they make purchases. So, in a fractional reserve banking system, like the Fed, new loans actually create even more new money. With a legally reserve ratio of 10%, the new $100 billion in bank reserves could potentially result in a nominal monetary increase of $1 trillion by all the banks lending out 10 times the money they borrowed.
Then you have inflation. It only starts with the government spending more than they receive in taxes and other funds. They are like the fleas on Norwegian Brown Mice that bite you, the Federal Reserve and the bankers are the ones who really spread the plague.
It is a slight of hand. The government didn’t raise your taxes, it just stripped your buying power of every dollar. Every year it gives you an invisible pay cut. Crafty fingers are no longer needed to pick pocket you.
So who owns the debt? Well there is public debt and intergovernmental holdings. On November 7, 2016, debt held by the public was $14.3 trillion or about 76% of the previous 12 months of GDP.Of that debt 55% is held by state and local pensions and mutual funds. The remaining 24% is held by foreign government and investors. $1.5 Trillion is held by China and $1.25 Trillion is held by Japan. Third is Ireland who owns $271 million. Go figure the Cayman Islands is fourth. Brazil is Fifth and the United Kingdom is 8th.
The Bank of England’s plan escaped them? The nation they fought during the Opium War usurp them in holdings of our national bank.Well Americans sold a lot of Opium to them too, but in truth it probably was the old New England shipping families and bankers who continued their trade of shipping goods over manufacturing that have did us in.
The yield on 10 year Treasury Notes set the Federal Fund Rate that sets the PRI or Primary Rate Interest for banks. Also there is overnight and 9 month lending through the Discount Window. Depending on a bank’s liquidity and trust they can borrow at the primary or secondary credit rate. The Primary Rate is 1% higher than the Federal Fund Rate. A bank borrows from the Federal Reserve overnight to remain liquid during internal or external disturbances like transferring money between their internal accounts and external accounts with other banks. So say a bank borrows $10 million overnight the Federal Reserve can create $100 million more until the debt is paid.Also banks can borrow at a seasonal rate which is closer to the Federal Fund Rate for a week or 30 days. Plus the Discount Window can act as lender of last resort during emergencies to prevent bank runs.
Repos? The Federal Reserve buys $1 billion repo to inject reserves today from a bank to pay back tomorrow. Under such arrangement the bank promises to buy it back. So imagine they borrow $1 Billion, another one tomorrow and an additional one the next day, $3 billion will have been injected, but $2 billion will have expired by the third day.Bank reserves are only $1 billion above previous levels, since the first repurchase agreement expired on the second day, the second one expired on the third day and so on.
So in short that is how money is created out of thin air.
To find out more and other fabulous stories about how Salem, MA shaped American History read Sub Rosa by Christopher Jon Luke Dowgin published by Salem House Press.
When you go through history names pop up, you never knew before, connected to more familiar personages. You open a closet, find a lost love, a turn that would of changed someone’s life, a what if, a close call. It still is the meek who make the world go round. Thousand nameless hero’s shaped the character’s we learn in history. Then sometimes you dig up a few corpses. Now read the narrative below, this is one of finds I have no answers for yet. I will tell you the sequences of events and then inform you what was going on in history at the time. Then I will leave it up to you to find an answer to the riddle…
John Murray Forbes. Well he is not the concern, but the connection that brings us into the mystery below. Forbes will buy the Michigan Central Railroad from George Potter. Potter’s wife, Eliza Thayer French, was from Quincy next to Milton where the Forbes hail from. Carl Jung the famous psychologist will travel America in 1924-1925. The tour would be sponsored by George French Potter. Potter would come to learn of Carl Jung through Guy Fowler McCormick Jr. of the International Harvester wealth. His mother, Edith Rockefeller McCormick, was an early supporter of Jung after seeking his help to treat her depression. Guy’s future wife, 20 years his senior and a divorcee, Fifi would be one of Jung’s patients during her first marriage. So follow the connections below.
A George French Potter sells Michigan Central Railroad in 1846 to John Perkins Cushing, William Sturgis, John Murray Forbes, Josiah Quincy Jr., John Bryant, and Thomas H. Perkins. A younger George French Potter’s mother Eliza Thayer French was from Quincy next to Milton where Cushing and Forbes hail from. Potter was a Yale graduate that enters banking. George French Potter and Guy Fowler McCormick Jr. were friend’s of Carl Jung and supported his 1924-1925 tour through America. On February 25th 1925 George French Potter will shoot himself in the head during Jung’s tour. His brother Henry Camp Potter Jr. had shot himself in 1909. Also the same day as George French Potter shoots himself Joseph Medill McCormick, a cousin of Guy’s, will commit suicide by an overdose of pills. He was also from Yale and was one of Carl Jung’s patients when he suffered from depression running the Chicago Tribune. Marshall Field III, editor of another Chicago paper, would found the Committee for the Study of Suicide with Dr. Zilboorg in 1935 after two of his brothers and his father commit suicide.
Two years later very quietly the Federal Reserve on February 25, 1927 becomes an eternal institution by a vote by the 69th Congress.
Now that is how I stumbled upon this mystery. I was looking for research on the day Congress granted an eternal charter to the Federal Reserve. There is score of essays about the debates of not renewing The Second Bank of the United States and the Bank War. Same for not renewing The First Bank of the Untied States. But nothing about the Federal Reserve’s renewal, The Third Bank of the United States. The date February 25th brings me to this mystery. I found a newspaper article about George Potter’s suicide on February 25th…
On Halloween in 1925 the banker Milton E. Ailes director of Riggs Bank dies. After the sudden death of Milton E. Ailes, Robert V. Fleming becomes Riggs’ president at the age of 35. Fleming was head of National City Bank which controlled Riggs Bank. So the mystery ties into descendants of George Peabody’s partner’s sons bank. It also ties into Thomas H. Perkins and his opium brood. It stems from Yale University and Skull & Bones. Percy Rockefeller and William McCormick Blair were bonesmen. Percy will be connected below.
Edith Rockefeller McCormick was one of Jung’s early patients and sponsors. Edith, a believer in reincarnation, thought she was King Tuts first wife. King Tut’s discovery had recently been in the news all over the world. Guy Fowler McCormick Jr., Edith’s son, would become John Davison Rockefeller’s favorite grandson. He marries “Fifi” Anne Urquhart Potter Stillman. Fifi was the daughter of James Brown Potter, coffee merchant and partner in Brown Brothers & Co. Her divorce from James A. Stillman in 1921 was the divorce of the decade and her husband lost his father’s National City Bank in the process to Frank Vanderlip. Vanderlip would then be in position to attend the Jekyll Island’s meeting as the bank’s representative in the discussions to make the Federal Reserve.
In the divorce James A. Stillman said Fifi fathered their youngest child by an Indian guide. She claimed he fathered two illegitimate children with chorus girl Florence H. Leeds. The court refused the divorce in 1923 saying that he had misbehaved. In 1924 she started the affair with Guy Fowler McCormick Jr., her son’s roommate in Yale. By October 1924 James and Fifi were civil to each other for their daughter Anne’s marriage to Henry Pomeroy Davison Jr.
Henry Pomeroy Davison Jr. was a director at Time Magazine, Yale Graduate, and member of Skull and Bones. He becomes chairman of Morgan Guaranty Trust. His father was senior partner at J.P. Morgan & Co. and was present at Jekyll Island before the creation of the Federal Reserve. Davison and Benjamin Strong Jr. helped J.P. Morgan during the 1907 Panic decide which banks would survive. Strong would become the first president of the Federal Reserve on December 23, 1913. He also served as chairman for the American Red Cross. The federal deposits for the American Red Cross would be held by Riggs Bank. John Davison Rockefeller would be a major supporter of the Red Cross. Remember Riggs was George Peabody’s partner in Georgetown and Baltimore and his son would be Lincoln’s and Daniel Webster’s banker.
Fifi then filed for divorce in 1925 but withdrew the contest after receiving a $500,000 necklace 6 weeks later. They then spend five years in Europe and Fifi tries to find herself under the care of Carl Jung. Afterward she renewed the divorce in 1930 which went through on June 4th 1931 and married Harold “Guy” Fowler McCormick Jr. on the same day. Guy was 32 and Fifi was 52. Two of McCormick’s father’s siblings would suffer Schizophrenia. During his affair his parents divorce. The affair between Harold Fowler McCormick Sr. and Edith Rockefeller McCormick and Harold’s new Polish opera star wife would be a love triangle that inspired part of Citizen Kane. These families would of gave great delight to Jung’s previous mentor Sigmund Freud.
Stanley McCormick, Guy’s uncle, was treated by Dr. William Alanson White of St. Elizabeth Hospital. Also Stanley’s older sister was treated for Schizophrenia since she was 19. St. Elizabeth will be the new location for Homeland Security and was the mental asylum where John Warnock Hinckley Jr. was just released from on September 10th 2016.
St. Elizabeth was also an institute designed by Kirkbride who designed Danvers State Hospital from Batman fame, Arkham Asylum. It was supported by Dr. Thomas Miller who was President William Harrison’s doctor who helped in his assassination. Neil Bush, George Herbert Walker Bush’s son had dinner with Scott Hinckley, John’s brother, the night after John tried assassinating Ronald Reagan in March 30th 1981. Harrison first suffered Tecumseh’s Curse on March 26th 1841 to die April 4th 1841. Reagan was the last to suffer Tecumseh’s Curse on March 30th 1981. The hospital opened 2 years after Zachary Taylor would be assassinated during his successor Millard Fillmore term in president in August 1852.
Back to Stillman. Later James A. Stillman will return as a director of the National City Bank. He had helped J.P. Morgan avert the 1907 Panic when the two of them along with a few other bankers decided what banks to loan money too, and which ones they would let fail. Vanderlip, who had replaced Stillman, was one of the committee on Jekyll Island that forms the Federal Reserve. Milton E. Ailes who succeeds Vanderlip as Assistant Secretary to the Treasury and president of National City Bank dies on Halloween in 1925.
Sarah Elizabeth Stillman, mother of James A. Stillman dies February 7th 1925. Stillman’s brother’s wife Mary E. Stillman dies that year too. Fifi flees the country to have psychological help in Europe in 1925. Remember on February 25th 1925 George F. Potter will shoot himself in the head during Jung’s tour. Also that day Joseph Medill McCormick will commit suicide.
Joseph Medill McCormick was part owner of the Chicago Tribune that his grandfather Joseph Medill started. He was William Sanderson McCormick’s grandson. Cyrus Hall McCormick Sr. who founded International Harvester was William’s brother. Joseph Medill McCormick’s father was a diplomat under Lincoln and McKinley who were both assassinated. Joseph and Harold “Guy” Fowler McCormick Jr. were first cousins. Joseph Medill just lost his second term in Senate when he kills himself.
James Stillman Rockefeller marries Nancy Campbell Sherlock Carnegie in April 15th 1925. There were a lot of strange things going on that year.
Stillman, McCormick, and Rockefeller make medieval royal inbreeding look tame. Sarah Elizabeth “Elsie” Stillman marries William Goodsell Rockefeller. He is the son of William Rockefeller who was a senior executive of Standard Oil with his brother John Davison Rockefeller Sr.. His other son Percy marries Isabel Goodrich Stillman. Fifi’s mother was married to Percy A. Rockefeller and she marries John Davison Rockefeller’s favorite grandson. I think Jung had his hands full with this group. I hear the theme song to the Adams Family playing in my head now…
James Stillman Rockefeller’s and Nancy Campbell Sherlock Carnegie Rockefeller’s daughter was Nancy Sherlock Carnegie Rockefeller. Nancy Sherlock Carnegie Rockefeller marries Barclay McFadden. Their grandchild is Barclay McFadden III who was friend of James McDonald who was on Citi’s Board and CEO of Rockefeller & Co. who committed suicide in New Bedford, MA in his car on September 15th 2004.
What was going on that year? A special session of the Senate was called by President Elect John Calvin Coolidge Jr. of Massachusetts on February 14, 1925. I can’t find out on what yet. He would read his inauguration on March 4th. Revised International Opium Convention was signed February 19th 1925. Then on February 25th 1927 the Federal Reserve Act is amended very quietly to receive an eternal charter that can only be revoked by criminal action by Congress.
It is interesting two of my themes, opium and the national bank collide that month.
Sometimes you do not know what twists and turns history will take you down, or how they will fit till later…
So that is the mystery for you. Filled with insanity, suicides, political marriages, the Federal Reserve, famous psychologists, scandalous divorces, affairs, Oh MY! Now was it suicide with these gentlemen, or was it murder. You go research it and tell me what you find! firstname.lastname@example.org
For more tales like this about how Salem MA has shaped American History read Sub Rosa by Christopher Jon Luke Dowgin available at Barnes & Nobel, Amazon.com, and your favorite local independent book seller.
Ask for it by name!
George Peabody was the founder of Peabody, Morgan & Co. which is the grandfather of JP Morgan & Chase, the largest US Bank with $2.509 trillion in assets, and Morgan Stanley ($347 Billion in assets) which was just got slapped on the hand with a $1.8bn combined fine for causing the 2008 bailout. Morgan Stanley taking $1.25 billion in fines.
Now the history of these banks have a long history of causing panics and profiting from them. During the run on the banks of 1857, George Peabody had to ask the Bank of England for a loan of £800,000. This gave them enough money to buy securities below market value to sell later at inflated prices in a market in which they were the only ones who had cash in hand. Could the panic have been planned and who helped them within the Bank of England? Can it happen again? Lets look back to 2008.
In 2008 two of the banks that can trace their roots to George Peabody received funds from the 2008 bailout. J.P. Morgan & Chase received $25,000,000,000. Morgan Stanley received $10,000,000,000 . The funny thing is that J.P. Morgan influenced Nelson Aldrich in his plan that morphed into the Federal Reserve Act which was instrumental in creating the Federal Reserve which was to protect the country from future panics and bailouts after the 1907 Panic.
The history of George Peabody and his bank is thus. In 1835 George Peabody and Company is formed. IN 1854 Junius Spencer Morgan is partnered to form Peabody, Morgan, & Company. Peabody, Morgan & Co. then took the name J.S. Morgan & Co. . After J.S. Morgan died from a carriage accident on the Riviera his son took over the company and called it J.P. Morgan & Company . The former UK merchant bankMorgan Grenfell ,now part of Deutsche Bank, joins J.P. Morgan in the London Round Table Group in 1891 which influences the creation of the Council on Foreign Relations in 1918. The corporation, formed by J.P. Morgan & Co. partners Henry S. Morgan (grandson of J.P. Morgan), Harold Stanley and others, came into existence on September 16, 1935, in response to the Glass-Steagall Act that required the splitting of commercial and investment banking businesses With today’s Peabody’s bank and his role in orchestrating many panics and depressions in the world’s economics.
Now there was another Panic in 1837, the year J.P. Morgan was born. Panic of 1837 was engineered because the charter of the Second Bank of the United States had run out in 1836. President Jackson promptly withdraw government funds from the Second Bank of the United States, but he deposited these funds, $10 million, in state banks. An immediate expansion of the national economy resulted, the national debt was paid off, and the country had a surplus of $50 million in the Treasury.
The Rothchilds had an answer to this. See Baron James de Rothschild (Jacob Mayer Rothschild) of Paris was the principal investor in the Second Bank of the United States. Jackson called the bank a den of vipers and had it closed. Even though in 1835 The French house of Rothchild had become the financial agent for the U.S. Department of State, this did not offset their loss a couple months later when the Second Bank was closed. Then in response the Panic of 1837 was aggravated by the Bank of England when it in one day threw out all the paper connected with the United States which was controlled by Baron Nathan Mayer Rothschild.
The Rothschild family began with Mayer Amschel Rothschild who was the court Jew to the Langraves of Hesse in Frankfurt. To escape the downfall of many court Jews prior to him in Europe, he sent his five sons to start banking firms in five different nations.
This prevented their banking houses from being subject to local politics or one prince or king refusing to pay a Jew. Monarchs had been declining to pay their debts to Jews since Roman days. Establishing five Houses in Five different countries protected the Rothschilds from this. It also led them to more independence from any particular countries rise or fall.
The Bank of England’s act in 1837 meant they refused to accept or discount any securities, bonds or other financial paper based in the United States? Why, the Bank of England wanted to create an immediate financial panic in the United States, cause a complete contraction of credit, halt further issues of stocks and bonds, and ruin those seeking to turn United States securities into cash.
Even though Nathan Mayer Rothschild almost single-handedly funded England in the Napoleonic Wars and their allies (mostly likely bailing out his younger brother Jacob the first time), he could not appear in polite London society and its circles. He needed an inside voice.
When George Peabody moved to London to establish a firm there in 1835, after his successful dry goods, cotton, and slavery business in Baltimore with Elisha Riggs, he became Rothschild’s answer. Nathan was much hated in London and the aristocracy denied all of his invitations to his home. So he set up Peabody with the capital to entertain and cajole them to his thinking. The parties were so celebrated, Peabody even got the British to celebrate July 4th. Peabody had been traveling to England since 1824 to sell his cotton in Liverpool at the advice of another Baltimore banker Alex Brown who started a firm in 1810.
Alex Brown and Son & Co. is today’s firm of Brown Brothers Harriman New York and Brown, Shipley and Company London. Sir Montagu Norman, Governor of the Bank of England for many years, was a partner of Brown, Shipley and Company. Now the Brown brothers partner was Sir Montagu Norman, the Mayor of the Bank of England. He was organizer of “informal talks” between heads of central banks in 1927, which could of led to the Great Stock Market Crash of 1929.
Now back to the Panic of 1857 and the bailout of Peabody, Morgan & Co. With the loan from the Bank of England they were the only bank who had cash on hand to purchase depreciated securities thrown on the market by distressed investors in America to later sell them at their true worth later. The Bank of New York founded by Hamilton also did this by buying soldier’s back pay for pennies on the dollar.
Hamilton also created the First Bank of America on this same principle. The Bank of New York would also receive a bailout in 2008.
Now Rothschild had financed the new wealth in America through the Morgans. Their firm would also become part of the Council of Foreign Relations. Currently Carla A. Hills is their Co-Chairman. She is on the international board of J.P. Morgan Chase, and a member of the Secretary of State’s Foreign Policy Advisory Board. Also under Woodrow Wilson’s administration Republican Nelson Aldrich would write the Aldrich Plan which Wilson altered to create the Federal Reserve or the Third Central Bank of the Untied States. Aldrich’s son in law was John D. Rockefeller Jr. and his friend was J.P. Morgan. His plan was slightly altered and became the Federal Reserve Act. Plus he modeled his plan after the German centralized bank controlled by the Rothschilds.
So what is the plan?
Cause a panic
Have people sell goods and commodities below their value
Influx some cash to the right players to buy those goods and commodities
Then sell them at regular or inflated prices
wait a few years
So you can say the underworld of international economics started in the tunnels of Salem with their own native George Peabody and his friendship to the powerful British banker Nathan Mayer Rothschild which still persist today. How long will it last till the world digs up the truth. To find out more read Salem Secret Underground and visit the Salem Tunnel Tour today and book your tickets!