How the World Really Works Chapter 5.

Chapter 5: The Creature from Jekyll Island by G. Edward Griffin: How the World Really Works by Alan B. Jones from Third World Traveler

from the book
The Creature from Jekyll Island
by G. Edward Griffin
1994

p87
Central banks have utilized and promoted wars for their own profit, starting with the Rothschild involvement with the Napoleonic wars, and continuing up to the present day.

p90
The Fed [Federal Reserve] is merely a cartel with a government facade.

p93
The Fed's [Federal Reserve] real objective [is] not to protect the public, but rather to sacrifice the public to the interests of the banking cartel.

p99
A purpose of the Bretton Woods system is to create a world government ruled by the banking elites, using the United Nations as the core of a political structure and the IMF as the world central bank, issuing and controlling the world's only important currency [the dollar].

p100
The [global banking] elites understand that they will never be able to consolidate and hold their power by means of a gradualist program unless and until they are able to make the IMF the sole issuer of the world's only important currency [the dollar].

p100
Harvard professor Richard Cooper, a CFR [Council on Foreign Relations] member and Under Secretary of State for Economic Affairs in the Carter administration writing in 1984 in the CFR's house organ Foreign Affairs, 1984

I suggest a radical alternative scheme for the next century: the creation of a common currency for all the industrial democracies, with a common monetary policy and a joint Bank of Issue to determine that monetary policy .... How can independent states accomplish that? They need to turn over the determination of monetary policy to a supranational body.

It is highly doubtful whether the American public, to take just one example, could ever accept that countries with oppressive autocratic regimes should vote on the monetary policy that would affect monetary conditions in the United States .... For such a bold step to work at all, it presupposes a certain convergence of political values.

p101
John Foster Dulles, 1939

Some dilution or leveling off of the sovereignty system as it prevails in the world today must take place to the immediate disadvantage of those nations which now possess the preponderance of power .... The establishment of a common money ... would deprive our government of exclusive control over a national money .... The United States must be prepared to make sacrifices afterward in setting up a world politico-economic order which would level off inequalities of economic opportunity with respect to nations.

p102
[President Jimmy] Carter advisor Richard Gardener, 1974

The house of world order will have to be built from the bottom up .... An end run around national sovereignty, eroding it piece by piece, will accomplish much more than the old-fashioned frontal assault.

p102
Paul Volcker, in 1979

The standard of living of the average American has to decline .... I don't think you can escape that.

p102
The gist of the game of bailout is to simultaneously (1) deliver into the clutches of the New World Order (both) the Third World countries, whose leaders are to be the recipients of riches from the taxpayers of the developed countries, riches that they are expected to squander and never pay back, but thereby remain in thrall to the bankers forever, and (2) drag down the economies and comforts of the strong countries to the point, for example, of economic collapse and a breakdown in civil order, perhaps exacerbated by widespread "terrorist" bombings, following which, the countries' citizens will be grateful to yield their sovereignty and receive in return the support, acceptance, and protection of an economically and militarily strong central organization claiming to be ready and able to provide such support. Such a capitulation might be made easier to accept if it could be previously arranged for Russia to disappear as an external threat, and to appear to be in just as much economic and social difficulty as the United States.

p103
A description of the WTO in a full-page ad in the New York Times

The World Trade Organization - the third pillar of the New World Order, along with the United Nations and the International Monetary Fund.

p103
Monetary Control Act of 1980 gives the Fed [Federal Reserve the power to] create new Federal Reserve Notes and give them away to foreign governments, or, to be formal, "loan" them, receiving as collateral debt instruments (bonds, etc.) held by those foreign governments. With the power to create dollars not only for the American governments, but now for any foreign government as well, the Fed has become very close to becoming a central bank for the entire world.

p104
Griffin makes a case for the view that e sudden demise of "Communism" is a ploy agreed upon between the banking elites and the Soviet leaders to enable bailout funds to flow to those states, further eroding the American economy, while terminating, at least for now, the militarily threatening posture of the USSR. The communist leaders would mostly remain in power, though renamed Social Democrats, or something similar. They and the elites would continue to work together for one socialist world.

p104
A cabal of English aristocrats and bankers [created] the Bank o England in 1694. King William, in need of money to fight a certain war, money which he couldn't raise by taxing or borrowing, granted a charter to a favored group of intriguers to form a bank which would be given a monopoly on issuing English bank notes, i.e., English paper money, which would be created out of nothing and credited to the government in return for a government IOU, the only "backing" that would be required. The government would pay interest on this "loan," making it look legitimate to the public, but the bank's even larger payback was that it was empowered to make additional commercial loans, at interest, using the same government IOU's as "backing," just as though the IOU's were hard, metallic gold. The banks, by receiving interest on money they could create and lend out at will, were thereby going to get rich, the king was going to be able to raise any amount of "money" he wanted, and the public, remaining ignorant of what was going on, was going to pay for it all by having their savings devalued by the expansion of the currency. (Our Federal Reserve does essentially the same thing, with added refinements which greatly increase its leverage over commercial credit.)

p106
The world outlook of the international financiers...Their success depends upon a pattern of character traits including cold objectivity, immunity to patriotism, and indifference to the human condition.

p107
The Rothschild Formula

Propel governments into war for the profits they yield.

p107
[International] bankers arranged the Bolshevik coup in Russia in 1917, and then supported the regime thereafter, both for the profit involved and, presumably, to build up a "credible enemy."

p117
The Wall Street biggies came through [the Depression] very well indeed, including John D. Rockefeller, J.P. Morgan, Joseph P. Kennedy, Bernard Baruch, Henry Morgenthau, Douglas Dillon, etc.

p117
G. Edward Griffin

Virtually all of the inner club was rescued [from The Depression]. There is no record of any member of the interlocking directorate between the Federal Reserve, ' the major New York banks, and their prime customers having been caught by surprise.

p117
On August 9, 1929 the pin was inserted into the bubble. On that date, the Federal Reserve raised its discount rate to six percent and simultaneously began to sell securities on the open market. Both actions acted to shrink bank reserves and therefore the money supply... The market reached its peak on September 19, then started its slide downward. On October 24 the slide became a torrent, and on October 29, the market collapsed.

While the uninformed were in the process of loosing their shirts, the insiders who had sold out before the crash were now to be found, with cash at the ready, on the buying side. Companies whose stock had dropped to a fraction of their value were still basically viable, but their ownership, in large measure, had been shifted from, to use Andrew Mellon's phrase, the "less competent people," who had been sucked into the speculative maelstrom created by the Fed's easy credit, to the financial elites, who had been made privy to the crash that was around the corner. Great fortunes were made or added to by the latter.