Speaker 1: The following presentation is Del Marvis Studio's production.
Speaker 2: You're listening to the Fact Hunter Radio Network.
Speaker 3: Here is your host, George Hobbes.
Speaker 2: Welcome back truth Seekers from around the world. It's time
for another edition of our classic audio series. Hey, before
we get started with that, I just wanted to give
you a quick update. I am very slowly but surely
on the mend. It was a very difficult week health
wise and other things, which I'll get into later on
this week. I did have an interview scheduled for tomorrow
that was due to go out on Tuesday night. If
you can hear my voice, I'm still recovering. I didn't
have much of a voice last week. That's why we
didn't put any content out. Having a voice is kind
of important in the podcast world. So my goal is
to be back in the saddle for Thursday's radio show.
But I saw my emails this morning, so many people
reached out. I'm fine. I'm doing better slowly on the mend,
but I definitely have a lot of stuff to talk about.
The week that I was gone. So many things happened,
obviously in Philadelphia and DC, and there's just so much
going on that will definitely catch up on Thursday. Thank
you all for your prayers and the kind words. I'll
try to reply to all the emails by the end
of the week, but I just wanted to give you
an update. So that's where we stand now. Probably no
Tuesday podcasts, but I fully expect to be back in
the saddle this coming Thursday for the radio show. And again,
if you can't catch it live, we'll be sure to
put it out in the form of a podcast. So
there's that update. And today it's a little after five
o'clock in the morning. Here I found an old lecture
that was given by Eustace Mullins about the Federal Reserve.
It runs about two and a half hours. It's a
very informal lecture, a lot of QN and hour number
two and I hope you enjoy it. And again I
look forward to catching up with everybody. Certainly lots to
talk about this coming Thursday. God bless you all be safe,
have a great week. And without any further ado, here
is Eustace Mullens.
Speaker 4: Well, we're going to cover a big subject tonight to
Federal Reserve, and interesting enough, for many years the analysts
on Wall Street denied that they were Fed watchers, because
oh no, we don't do that, because we do our
own analysis and we draw up our independent.
Speaker 1: Things on stocks and so forth.
Speaker 4: But the fact is they just watched the FED, and
they knew when the Fed was going to raise or
lower the interest rate, and it.
Speaker 1: Was very easy for them.
Speaker 4: And at the same time they officially denied that this
is the way they operated. So actually the Federal was
there made it a lot easier for Wall Street stockbrokers
and speculators because the old Federal Reserve system was set
up originally.
Speaker 1: To help speculation. That's all it was for. It was for.
Speaker 4: People who wanted to speculate and make big money fast otherwise,
but they wouldn't even bother to put it through because
what we had before the Federal Reserve system was we
had a national system of what is called one name paper.
I inch you ten dollars, you gave me a note
for ten dollars, and you repaid me the ten dollars. Well,
the international banking community knew that there was a billions
of dollars to be made from the negotiable instrument trading
in debt. So we went from one name paper to
two name paper, three named paper. In other words, you
would owe adapt to somebody, and that guy would sell
it to somebody else for a small profit. He would
sell it to somebody else, and everybody made a little
money on the way. So they completely transformed the structure
not only of the United States but in the entire world.
And this trading in paper was called acceptances. You accepted
a debt from someone else. So they had an official
banking name for it, acceptances. And the biggest acceptance dealers
in the world were the Rothschiles and their agent, Paul Warburg,
who had a company in New York called the International
Acceptance Corporation. So Paul Warberg was the actual author of
the Federal Reserved Act, and he was part of the
crowd that went down to Jackal Island on a secret
meeting the week of Thanksgiving nineteen ten. Now, they had
the panic of nineteen oh seven, which caused a lot
of banks to fail and a lot of widespread misery,
and so supposedly an outcry arose from the American people
for banking reform. Well, this cariet in company American people.
It came from the Wall Street bankers. They were the
ones that wanted banking reform because they wanted it on
their own terms, but to what they were conditioning the
American people to accept banking reform. And so they had
President Theodore Roosevelt create the National Monetary Commission in nineteen
oh eight, and to the National Monetary Commission was going
to bring banking reform to the American people. So who
did they get for the National Monetary Commission. They got
some of the leading bankers, Paul Warburg and some of
the other people from Wall Street. Because bankers always say, well,
if you're not a banker, you couldn't possibly know anything
about banking. Well, you know, to pay the note every
month at the bank, but that's all you know. So
they got bankers to study banking reform. So these studies
consisted of trips to Europe. And so the National Monetary
Commission took a couple of jounts to Europe and they
were wined and dined all over Europe and by the
Rothschilds and other bankers. But they came back with absolutely
no results. This had gone on for two years, and
so they issued a report that we have met with
some of the leading bankers of Europe and we have
studied the problem and we're now going over our results.
Speaker 1: Well, there were no results.
Speaker 4: So then they secretly went down to jackal Allen, the
Millionaire's Club, and when they got there everything was conspiratorial.
They sent all the servants on vacation. The family servants,
of course, knew them all, and they brought in servants
for the occasion from the mainland who didn't know any
of these people. And they agreed that they would only
address each other by the first name, and it c
they s. They later called themselves the First Name Club.
So Paul bor Warburg was Paul, Henry Davison was Henry,
and Uh, Uh Senator Aldrich was Nelson. I'm quite sure
Senator Aldrich was quite a pompous guy. Didn't like being
called by his first name, but that was part of
the act that they were going through to put this
over on American people. So they actually sat down and
drafted this bill UH in the dining room of this hotel.
And UH about five years ago I suggested to UH,
one of the people I wrote for Lt. Patterson of
Criminal Politics, that he UH have a meeting down there.
I said, we'll call it a commemorative meeting. Yeah, just
to UH memorialize the well. Uh he agreed, and he
got his people together and we all went down to
jack Lyland for the UH anniversary s celebration and it
worked out real well. Jack Allen's a beautiful place. The
hotel has been redone and it's no longer the UH
Millionaires Club. Of course, it's a UH Ratissan, actually Ratissan
and jackal Allen. So you've got a Ratissan right across
the street here. So they're a pretty good hotel chain.
And they have preserved the dining room just as it
was when they wrote the act. They're in nineteen ten,
and they have plaques on the wall and they say
that that the UH these people met, these selfless bankers
met here and on their own time and devised banking
reform for the American people and and uh so that's
the way they put it across. But now they had
to get this through Congress, and of course there was
tremendous anti banker center in Congress, mostly from the Midwest
and the Western States, which were the more independent people
and also smaller populations, cause the Eastern seaboard had always
been controlled by the international bankers. And that's why they
have what they call the Eastern Seaboard Republicans, and they
have the Republicans and the rest of the country, and
they're totally different people because the Eastern seaboarder Republicans are
the old bankers, very what they call liberal Republicans, the
Nelson Rockefeller people. And then you have the real Republicans
or in the Midwest and the West, and they're mostly
Republicans out in this part because people are very self
reliant and very independent. So when they went before Congress,
they knew they had to have a good act. So
they devised a plan that they would offer two different
two two separate plans to Congress. The Republicans would offer
the Aldrich Plan, which was the plan that they had
drafted down at Jackal Island UH to set up a
central bank, and UH the Democratic Party would offer a
Democratic plan, which they called the Federal Reserve Plan. And
they were actually the same plan. Some some commentators pointed
out they were exactly alike, but they generally the UH
people fell for it, and UH there was a lot
of publicity about there were attacks against the evil wall
Street Aldridge Plan and that UH. But luckily we were
being offered an alternate plan which would be a people's
plan by the Democratic Party to be called the Federal Reserve.
So if you were a good Democrat, you supported the
Federal Reserve plan. If you were a good Republican, you
reported supported the Aldridge Plan, and so U. But they
really needed Woodrow Wilson. They knew he would sign the
Act into law if he was elect did president, so
they wanted to elect him president in nineteen twelve in
order to put this deal over. And uh the problem
was he was not charismatic and uh he had been
uh president of Princeton. He was a dry, pompous academic person. Uh,
absolutely no popular appeal whatsoever. But a Rockefeller in the
National City Bank decided to go with him anyway, So
they chose him as their candidate. But uh President Taft, incumbent,
Uh president was a Republican, very popular.
Speaker 1: Uh.
Speaker 4: He was a a really overweight guy who weighed three
or four hundred pounds.
Speaker 1: Uh.
Speaker 4: He had to have a special Beth tub a d
White House which he could put an elephant in.
Speaker 1: And uh, but he was very popular.
Speaker 4: Cause he was good natured that uh uh we had
prosperity and so uh it looked like Taft was going
to be elected. So, uh, they always come up with
some kind of u conspiratorial operation. So they went to
Diddore Roosevelt, who of course was very unhappy at not
being in the White House. He had served his term
and that was over so and it really was any
thing for him to do. So they persuaded Roosevelt to
split the Republican Party and run as an independent Bullmoose candidate,
which he did, and so that elected Wilson by a
large majority. And so now Wilson had a mandate from
the people to sign the Federal Reserve Act. So now
they started the debate in Congress. Well, Congressman Lindbergh, the
father of the aviator from Minnesota, led the opposition. And
Lindbergh was a very knowledgeable person.
Speaker 1: Uh.
Speaker 4: He was the lawyer for some of the bigger companies
like Wirehauser Lumber. He represented them, and in fact he
built a dirty room mansion up there at Little Falls
on the lake on the I guess it was on
the Mississippi River.
Speaker 1: And a year later it burned down.
Speaker 4: So they built a smaller house there and that house
is there today and that is the Lindbergh Museum. I
was there two years ago, and it's a very interesting exhibit.
It's not far from Minneapolis. So Lindbergh led the fight
in Congress, and he had a lot of support against
the banking bill, not the Federal Reserve plan as it
was offered. So Paul Warburg himself and some of the
other bankers for the first time in their lives, had
to come down from New York and actually lobby in
the halls of Congress. So they made every promise in
the world to get that act through. And here is
Paul Warburg, who no one had ever seen in Washington before.
Speaker 1: He'd liked to stay in the background.
Speaker 4: He is walking through the halls of Congress to get
people to to uh enact the Federal RESERVAC. And because
Wilson was not popular, they took a Virginia congressman. Wilson
also was born in Virginia, by the way, he was
born in my hometown of Stanton, Virginia. And carter Glass
was from uh Lynchburg and he was very popular. So
it was carter Glass who got to Federal RESERVAC through Congress,
and uh of course he lived on that very well
for the rest of his life. They made him Senator
and so he became very old in office and uh
in the thirties, and in fact, he was re elected
twice after he was totally sinile. He couldn't even make
a public appearance or cast a voting Senate but uh
uh it was sort of like a referendum in UH
Russia or Germany. See uh in Virginia, everything was totally controlled.
So they re elected him twice after he was no
longer able to even speak.
Speaker 1: And UH.
Speaker 4: So this was just one of the triumphs of democracy
that we have. But that was his reward for having
gotten the Federal Reserve Act. Through uh that he was
guaranteed a seat in the Senate for the rest of
his life.
Speaker 5: Mm.
Speaker 4: And he was finally replaced he died, so they had replaced.
They replaced him by a Congressman named Willis Robertson, who
was part of the old Harry Bird machine. And uh,
Harry Bird himself was part of the UH establishment and
his closest friend was Admiral Louis Strauss, who was a
partner of Koon Lobe Company, the Roschild banking House in
New York, which Paul Warburg was a partner of. So
year he had berh Harry bird A lobbying for the
Federal Reserve Act. And you had uh Willis Robertson, who's
the father, uh, the great evangelist Pat Robertson, MM, whom
I went to college with and uh uh at Washington Lee.
And at that time he was a plump, lazy boy
whom he would never think of either going into religion
or banking.
Speaker 1: And in fact, uh uh.
Speaker 4: His grades were so low he could not get into
the Washington Lee Law School even though his his father
was Senator chairman of the Banking committee in Washington, and
he was an old Exington family. But he finally wound
up going to Yale and and squeaking through Yale. I
don't think he passed the ever passed the bar exam.
So then his wife said, well, let's uh let's do
something for poor people. So they started a little church
and uh started broadcasting. And then he came down to
Virginia Beach and a friend of mine named Reverend Stallings
helped him get set up down there, and uh they
later parted the company. I know the man well, and uh,
but Pat was on his way and with this impeccable
Wall Street background, Pat was able to build up a
broadcasting empire. When your father has been chairman of the
Senate Banking Committee, it does open a few doors, you know.
So he always had plenty of financial support for this
television empire which he built up. If he hadn't had
that family background, he had never gotten off the ground,
because nobody would put a dime in this kind of
thing unless they were had certain goals that they wanted
to achieve. And of course they used Pat Robinson politically
ever since he ran for president, and he's done various things,
and he's always there when they need him. That's the
important thing. You can't always use these people every day.
But to get back to the battle for the Federals
Act in Congress in nineteen thirteen, Lindbergh was having enormous
effect and it didn't look like they would ever get
it passed, but Warburg kept working, and so what they did.
They went through Congress and they made every congressman tremendous promises,
but they still did not have a majority. So they
waited until the Christmas vacation. And so when Lindbergh and
the other Midwestern and Western congressmen went away for Christmas,
they'd been gone three or four weeks, cause we didn't
have jet planes at that time. So as soon as
they left town, they brought the bill up before Congress,
and the Congress, which barely had a quorum, hastily passed
it on December the twenty third. Well, even the New
York Times said, legislation of this importance has never been
passed under circumstances because congressional courtesy dictated that you would
not pass on major legislation while the other Congressmen who
opposed it were away.
Speaker 1: I mean, it was just common decent and see.
Speaker 4: And so the Federal Reserve Act was actually fraudulent when
it was passed, because it would never passed if the
opponents had not left town. So it was legal, but
it was moral and indecent that they passed it the
way they did. It was the only way they knew
they could ever get it through Congress, and so they said, well,
if that's what we have to do, we'll do it.
Speaker 1: And they did it.
Speaker 4: And so that is the real background of the Federal
Reserva Act, which few people know that I actually researched
in the New York Times and got the actual quotations,
and I have it in my book the commentary when
it was finally passed, and so the world was waiting
for the Federal Reserve Act for a very simple reason.
Europe had not been able to have a war since
eighteen eighty five. They were all set for a war,
but all of the European countries had been bankrupted by
their central banks. Central bank always bankruptcy country because they
spend all the money, and so they knew the only
way they could finance a world war was from the
wealth of the American people, but without a central bank,
they couldn't do that. So as soon as they got
the Federal Reserve Act enacted into law in December twenty third,
nineteen thirteen. A few weeks later, JP Morgan Company, which
had been represented at the jack All Island meeting by
his lieutenant Henry P.
Speaker 1: Davison.
Speaker 4: Morgan himself did not want to appear personally at the
jack Island meeting because it would compromise the whole situation.
If they knew JP Morgan was there, that meant it
was a banker's bill, So he stayed away, and Henry Davison,
who was not so well known, was his right hand man,
and he organized the American Red Cross also and so
Davison was a Morgan's man at the jack Allllend conference
and sod. The Morgan company has always played a large
role in the Federal Reserve. In fact, Alan Greenspan, the
President chairman, before he was appointed to the Federal Reserve Board,
was a partner of JP Morgan Company, which probably qualified
him for that job, you know, and uh, or at
least JP Morgan thought he did so that that's why
he got the job. See, all these uh Federal Reserve
Board people are chosen by the Wall Street bankers. Obviously,
the president who nominally uh rubber stampsy's appointments, he didn't
know any of these people. He didn't know anything about banking.
I don't know when we've had a president who was
a banker, because bankers, UH, for a long time have
been in poor repute among the American people, and with
very good reason. So if you could imagine a banker
running for president, he wouldn't get very far. So what
you have to do is pick other people and then
put up the money for them to be elected. So
these uh, the bankers have always put their people on
the Federals the air board, and as I say, The
first thing they did was lend Great Britain four hundred
million dollars from JP Morgan. Well, that was to start
the World War One. It was like a declaration of war,
but no one knew it. They thought, well, it's just
an ordinary loan. And so then JP Morgan actually kept
the money and became the purchasing agent for Great Britain
in the United States. So he spent all that money
in this country buying munitions for England and shipping the
munitions to England so they could.
Speaker 1: Start the war. So that's how it was done.
Speaker 4: And of course Germany after the war they wanted to
try the Kaiser for planning to make war against its
peaceful neighbors and so forth. Well, actually the Kaiser didn't
know any of this was going on, or that he
was being set up and that UH Germany was going
to be attacked. So anyway, that's the way it worked.
They started World War One, and only because they had
the better reserve system. And once they got it started,
they realized whether the central bank is gonna be great
And sure enough they did the same thing. In thirty
nine they started Act two of the World War One,
which became World War two, and of course both times
we had a president who campaigned on off for office
on the pledge he would keep us out of war.
Wilson campaigned in nineteen sixteen and he boasted the American people,
I have kept you out of war, and so you
should re elect me. And then, of course, as SUNSI
was re elected, he took us into the war. Well,
Roosevelt campaigned, he said, American boys will never die in
foreign fields, and he stumped the entire country assuring.
Speaker 1: Everybody of this.
Speaker 4: And so then after he was re elected, of course,
they had decoded the Japanese radio and they knew that
the Japanese fleet was on its way to attack Pearl Harbor.
So they made sure not to tell anybody because the
Japanese was sailing under strict orders. If they were detected
en route, or if they had any reason to believe
that the Americans were expecting them, they were to turn
around and go home, which would admit us would not
have gotten into the war. So the night before Pearl Harbor,
three people met at the White House. That was with Roosevelt,
that was George C. Marshall, chief of Staff, and Bernard Baruch,
who was the Banker, who was the intimate of the presidents,
and they were sitting there absolutely terrified in fear that
the Japanese would turn back, and that thirty five hundred
American boys were not be killed the next day. And
so anyway, their night's vigil paid off, and the Japanese attacked,
and we were in the war.
Speaker 1: So that's how it was all done.
Speaker 4: Well, the greatest acts of treason against the American people,
and the fact that all these American boys died, and
the ships, you know, and sank and were killed and bombed,
they were bombed, and they had not an inkling that
all this was happening, although it was they knew in
Washington it was coming. So to cover up for themselves,
the Roosevelt administration then indicted Admiral Kimmel and General Short,
the two commanders of Pearl Harbor, on the grounds that
they had been negligent, that they had let the Japanese
come in and attack them, And of course they had
not a clue that any of this was happening, and
that Washington knew all about it and refused to tell them.
In fact, I think the Army in Washington did send
by ordinary first class mail a note to the Pearl
Harbor commanders that they might expect a Japanese invasion, and
it arrived there a couple of days after Pearl Harbor,
of course, but that was the most urgent way that
they had of notifying our troops in Pearl Harbor that
the Japanese were going to attack. So it worked out
just right, and we were in the war and everything
was underway. So this is how a central bank works.
It's constantly active politically, it's constantly planning for war. And
the reason they planned for wars, like Ezra Pound said
many years ago, wars are created to make debt because
ordinary peacetime commerce can be profitable. Goods are traded and
people are employed. But war gives you the big money.
When you get into war, you have billions and billions.
And of course, during World War Two we had a
very interesting system of production. It was called cost plus
cost plus ten percent. So the more money if you
were manufacturing miniians, boats or guns or whatever for the government,
the more money you spent, the more money you made.
So naturally you were very generous to your workers and
you paid them enormous amounts of money because every time
you get them a raise, you made an extra ten
percent on the raise. So nobody balked at this. And
this was what they called a miracle of production of
World War two, and all it was. They had unlimited
funds from the government, and of course they made their
money and they got very rich. So in nineteen forty
three we did have a couple of successes. And Ezra
Puan broadcast from Radio Rome at that time and he said, uh,
well you've had a couple of successes now and you're
scared out of your pants that the war is going
to end, which, of course they didn't want it to
end in nineteen forty three, and that's why they fought
World War two to prolong it as long as possible.
They had the uh uh, step by step approach in
the Pacific. Instead of attacking Japan, they st attacked each
one of these little islands, a tremendous call. Well it
was a stupid but it kept the war going. To
see if it attacked Japan, that could have been over
a couple of weeks. That wasn't what they wanted. And
it was the same way in Europe. They landed in
Sicily and fought their way all the way up Italy
through the mountains and so forth, which kept things going
in extra year because if they had attacked France or
Germany by land at that time, the war had been
over in six months. But as they didn't want it
that way, and so they prolonged it to nineteen forty five.
So real strategy in war is not how to win it,
but how to keep it going as long as possible,
and is when you have a bank minded, because the
bank wants to drag it out and make it as
costly as possible, not only in money but also in
human lives. I mean they were gambling with American lives
when they prolonged the war and fought through the islands
in the Pacific, fought ups Italy. There was never militarily
there was never any explanation that you could offer to
justify this kind of campaign. And I guess Hitler knew
what was going on anyway, because he was financed by
the Bank of England.
Speaker 1: In fact, they put out.
Speaker 4: The myth that the evil Hitler was financed by German industrialists,
but in fact Hitler was disliked by the German manufacturing class,
and so he had to go to uh Governor Montague Norman,
governor of the Bank of England, UH to get his money,
and he was broke when he went into office in
nineteen thirty three, so we had to fly a couple
of lawyers to uh Cologne to meet with him and
to assure him that uh he would get the money
to keep him going. So UH, you know, they have
war crimes for t people like that. They had war
crimes trials for people who plotted war. Well, the two
were criminals in this case were John Foster Dollies and
Alan Dulles of the firm of Sullivan and Cromwell, who
were the lawyers for the international bankers, and the Dulles
brothers went to Cologne and assured Hitler he would have
money to keep the Nazi administration going. And he was
actually financed too by the Schroeder Company of London, and
one of the Schroder directors, FC. Tarks, was a director
of the Bank of England. So he had to governor
the Bank of England and Tarks behind him, and with
the money of the Bank of England behind him, Hitler
was assured of having a Nazi regime and of starting
World War Two, which was the whole plan anyway. They
didn't care what Hitler did as long as he got
World War two going, and so that worked out, and
that's how they had it. Without Hitler, there would never
have been a second World War, which means that the
bankers who would have lost many billions of dollars in profits.
So he was a good investment for them, and so
that's why they call him a monster today because they
don't want anybody to know about their association with him
or now. They did try to indict Lieutenant General Schroeder,
a German who was head of the SS for war
crimes after the uh he end of World War two.
So he was arrested very briefly and held in a
camp and UH under British UH jurisdiction and quietly dropped.
He was never tried, and he was the man who
made the whole Hitler Nazi administration possible.
Speaker 1: So UH the war.
Speaker 4: Crimes trials, the Nwburgh trials, they were recently reshown again
and and the only reason they ever held in Nurremburg
trials was that they wanted to silence the UH German
generals who knew who had knowledge about all this duplicity
and how the Bank of England and financed Hitler. Well,
they wanted to permanently silence them, so they hung them.
Speaker 1: And their crime was not war crimes at all.
Speaker 4: It was the fact they knew too much and they
were silence and uh they managed to conceal uh the
background of what was going on. So this is how
central banks work. They used everybody, and when they're through
with you, they get rid of you by whatever means
they hang you or or may you just disappear.
Speaker 1: And UH.
Speaker 4: So this is the Federal Reserve system that we UH
think is a unique American institution. And the federals are
Bank of New York alone. Now they are twelve banks,
of course, twelve federalserve banks, but the t UH the
Bank of New York is called the money center bank,
and that is the UH. The president of the Federalserve
Bank of New York makes all the major decisions. Now,
there was a piece in the paper yesterday about the
UH president of the Federal Reserve Bank of Many minis Minneapolis,
and UH in fact he's a he's a minor figure.
He has no authority whatsoever. All the power is in
New York. But they try to promote the other eleven
presidents of these other eleven banks, UH just to m
I feel make 'em feel important, I guess. But UH
the money Center Bank has always done everything. And it
was the directors of this one bank of New York,
the Federal Reserve Bank of New York, which UH finance
communism and UH they were active in helping the Nazis,
and they were UH active in helping the fascists in Italy.
So all of these great political movements of the twentieth
century came right out of the UH Federal Reserve Bank
of New York. And that alone is UH a historical
fact which is very significant. But if you send your
UH offspring to Yale or Princeton or Harvard, they will
never hear one word about any of this. So I
don't care how much money you spend, They're not gonna
get this information. It's all a matter of record. But
the professors know that they have very cushy jobs. They
pay their professors very well now about one hundred fifty
thousand a year. They get long vacations, they get all
sorts of special perks uh uh trips to UH Europe
for conferences and things like that. Their children all get
scholarships at the best colleges, so they're well taken care of,
so they don't rock the boat, and they know to
a t what they need to tell their students and
what to keep from them. And of course the main
thing is they keep everything from them. They really don't
know anything. And it's a very unfortunate situation because when
you see the price of college education in this country today,
I think it's about one hundred and twenty thousand for
a four year stint. And to realize that those students
are being denied practically all information about what's going on,
it's really robbery of a very gross kind. But that's
the way the system is operated. And the reason is
that all of these so called Ivy League schools, like
you have the Harvard School of Business, the most prestigious
business school in the United States. Well, JP Morgan had
a partner in the First National Bank called George Baker.
George Baker was president of the bank and they worked
together for many years. Of course, George Baker made hundreds
of millions of dollars, so he gave twenty five million
to Harvard for the School of Business, and the name
is right there today.
Speaker 1: George F.
Speaker 4: Baker's School of Business because he gave him all the money.
Well why did George F. Baker give twenty five million
to Harvard for the School of Business Because he knew
that the students there would never be told anything about.
Speaker 1: What's going on.
Speaker 4: In other words, he made an investment, He made an
investment in the future that the students would never find
out what was that what they had been doing.
Speaker 1: And that's true.
Speaker 4: The Harvard School of Business was set up to return
short term profits. And anybody who's gone through the Harvard
School of Business and become head of a fortune five
hundred corporation, which many of them do, has the worst
possible training because they're not taught long term development strategy.
They're taught short term profits. Make it in three months,
make junk and sell it fast, make some money. And
that's the total philosophy of that school. Well that came
from George Baker because short term profits. Your banker wants
you to make quick profits and pay off your loans
to him, so, uh, he's not interested in a five
year or ten year development program where you make something
really good and make it, you know, something that can
be admired throughout the world.
Speaker 1: They want you to.
Speaker 4: Turn out cheap junk, sell it fast, make a quick profit,
and pay the banknotes. So, uh, this is the philosophy
of the all the schools of business because they followed
the example of Harvard School of Business, Wharton School of Finance.
Speaker 1: These are the models.
Speaker 4: So they all d fall into line and UH teach
their students the same thing, which has been very destructive
because American corporations have actually fallen behind and development over
the last twenty five years. Japan and Germany of course,
have pushed way ahead and have done much better because
they do not have the short term strategy. The only
way you could make real profits and build your company
is to have a long term strategy of development, research,
building up your market, satisfying your customers. But American corporations
are run like McDonald's. They turn out Hamburger's real fast,
and they make money. But what's the future on that.
I mean, the McDonald Hamburger ten years from now be
just like it is now. Maybe they'll extract a little
more of the flavor from it, but they've done that already,
so I don't like that'll happen.
Speaker 1: So when I was.
Speaker 4: Talking about people on Wall Street, watching the They are
operating from this same short term results strategy, and so
they really know just about what the Fed is gonna
do throughout an entire year. At the beginning of the year,
they have an idea what the interest rates are gonna
be or interest reductions for that entire year. But they
pretend that it's a great mystery, a tremendous secrecy. They
still will not publish the minutes of the Federal Reserve
meetings of the Federal Reserve Board. Now, the Federal Reserve
controls the economy through two ways. One is interest rate,
which is the price of money. Well, they control the
economy through the interest rate. If they raise the interest rate,
less money is available for investment, so prices will fall
on Wall Street because they money money to buy stocks
is reduced. But the real operation is done through what
it's called the Federal Reserve Open Market Committee. Now I've
been writing about and studying the UH Federal Reserve Open
Market Committee for over fifty years. Well Time magazine has UH,
you know, very highly paid journalists. So on March of
twenty third of two thousand, they did a feature story
on the Open Market Committee. UH printed pictures of the
members told how they operated everything. They discovered this in
the year two thousand. Well, I discovered it in nineteen
forty eight, so that puts me a little ahead of 'em.
Kid And Time magazine, of course, was founded by UH
these same bankers in nineteen twenty three. So from nineteen
twenty three to the year two thousand, they never knew
that there was such a thing as the Federal Reserve
Open Market Committee. Well, what is the UH importance of
the Federal Reserve Open Market Committee, Well, it determines the
volume of money available for investment at any time. The
Open Market Committee buyers or sales government bonds on the
open market. Now, when they want prosperity and they want
the market to go up, they buy government bonds, and
so that creates more money, and so there's more money
available for investment. And the next day after they do this,
the stock market will go up a hundred points. So
anybody who happens to know UH that that's gonna happen,
and there are people who know UH is in a
very good position. But the average American investor has no
clue as to this great secrecy of the Federal Reserve
Open Market Committee. So they don't know it til it's
printed in the paper that the Federal Reserve is buying bonds.
Now they do the oppice it to depress the market.
The Open Market Committee will will uh uh sell the
government binds and uh so that extinguishes the debt and
that reduces the amount of money in the system. And
uh it's like turning off the spickets. No more water
coming out. So then the stock market drops precipitously. Here again,
it's quite advantageous to know the day before that this
is gonna happen. And of course the general public never knows,
but there are people who do know. And uh when
you have somebody like Greenspan, chairman of the board from
JP Morgan and Company. Uh, Now he doesn't call up
JP Morgan and tell him they're going to do this.
Speaker 1: JP Morgan calls him up and tells him to do this.
Speaker 4: So it's not that he's given them any advanced information.
That he's just doing what he's told to do. And
this is the way it's been. As I say, the
whole fellow is there system was set up for speculators,
for these people to have advanced knowledge monetary movements. How
much of the price of money, the interest rate, and
the volume of money that is gonna be available for investment.
Either it's gonna grow or it's gonna be less. But
they decide all that ahead of time, and so they
make enormous fortunes. And so the other investors they have
to do what they call fed watching. They have to
watch and guess what the Federal Reserve is going to do.
Because I said now, people have sued to have the
minutes of the Federal Reserve board meetings made public.
Speaker 1: In fact, we had a.
Speaker 4: Chairman of the House Banking Committee a few years ago,
Henry Gonzalez, yeah, from Texas, and Henry Gonzalez sued them
several times to try to get these minutes and to
avoid this secrecy. But he never got anywhere, cause you
go into courts on a deal like that, and of
course the judges are Federal Reserve judges. They may not
be labeled at but uh, they always go with the
Federal Reserve. And many people have asked me why I
never sued the Federal Reserve during all these years, knowing
what I know about them and having it all documented
in this book.
Speaker 1: Well, to launch a suit like.
Speaker 4: That, you do need quite a lot of money, half
a million or a couple million dollars. And of course, uh,
they advantage of the Federal Reserve Board has a central bank. Uh,
whatever money you can put into a lawsuit, they can
print enough ten times that much money to fight you.
Speaker 1: Now, that's right.
Speaker 4: So if I was able to print money, I would
sue the Federal Reserve tomorrow. But uh, unfortunately my resources
are very modest, and most people who are interested in
this sort of thing, they're very modest, cause you do
not get very wealthy people to uh get into this fight.
M Ross Perot would never put up any money for
you to s to the Federal Reserve Board because they'd
wipe him out tomorrow. And Ross Perrot played the political
game for years before he became a presidential campaign candidate.
He was the largest single contributor to President Nixon. He
gave him three hundred thousand dollars. He was the largest
single contributor. And he didn't do that because he liked
Nixon or anything else. He did that because he was
maneuvering to get these enormous Social security and other computer
data contracts from the government. He set up a company
called Electronic Data Systems EDS which was programmed to handle
these enormous paperwork things that were set up by these
Social Security Administration and workman's compensation, all these things, and
he had the only system which could handle it. But
having the only system it didn't mean anything. It didn't
mean that much because no matter what kind of government
contract you get, you got to pay off to get it.
I mean, nothing for nothing. That's the old mate of Washington.
They claimed that they used to have it on the
wall in the House Office building over one Congress was
door nothing for nothing.
Speaker 1: So I don't know if that's true.
Speaker 4: But anyway, even Ross Perot, who had the system to
handle all this, and of course these were enormous contracts, uh,
he still had to pay his way in. So he
donated three hundred thousand to Nixon, and uh he got
the contracts, and of course he became a billionaire because
these were very huge contracts. So Ross Para then came
out as a white night on a charger. He was
going after Congress and he was going to bring a
businessman's point of view to Washington. Well he was a businessman.
Speaker 1: Uh.
Speaker 4: In fact, all of his business had been done with Washington. Yes,
but uh, the idea that he was going to change anyday.
It was ridiculous because, uh, he was part of the system.
And see Bill Gates was the same way. Bill Gates
became the wealthiest man in the world and well with
his Microsoft corporation, his computer operations and uh, but these
people in Washington were getting very disgusted with Bill Gates
and he didn't know it because he didn't know what
was going on. He was spending a million and a
half a year in Washington. Here he was biggest corporation
in the country, richest man. He's spending a million and
a half. Well, my gosh, even a delicatess and would
spend more than that. So, uh, they were getting very
angry with him, and they realized they had to send
him a message. So they had the Justice Department indict
him for monopoly and he finally got the mess. So
you spent now spending about twenty five million in lobbying,
twenty five million.
Speaker 1: A year lobbying in Washington.
Speaker 4: So now he's become a member of the team and
the Microsoft thing is not going anywhere. Of course, this
judge ruled against him, but that was only so you
could appeal. Right, lawyers know that. Uh, they always want
you to lose the first go round because then you
can appeal for years. And uh this brings a cash
flow into the firm. And the firm, of course, is
a law firm. And uh to have a firm, you
have to have money coming in. So uh, this sing
will drag on. And uh they're not gonna split Microsoft
into two companies because they have the faintest idea how
to do it. But uh, the threat is there. And
I will say Gates has taken it all very well.
He realizes he was set up, but it was his
own fault. He's well, I thought for years, why doesn't
Bill Gates start spending a little money in Washington? Why
doesn't he share the wealth like everybody else? But he
had no idea that he's out there on the West coast.
He had no clue as to this is the way
things are done, but under a totally corrupt federal reserve system.
This is how politics work. Yeah, he got his education
very quick, but so that is the way that the
federal reserve system works. And it it is total corruption
from the very beginning. It It began as a criminal conspiracy.
People used to ask me, well, what is the Federal reserve.
It's federal, which means it's government and it has reserves,
and it's a boat. It's a system. Well it's actually
it's not federal, and it has no reserves. It doesn't
need any reserves. When you can print all the money
you want, why would you need any reserves. I mean,
if you need ten billion, you go down and print it.
You don't have to have any You don't go to
the bank vault and drag out ten billion dollars, just
print some more. So and it's not a system at all.
It's a robbery system. I call it the federal robbery
system rather federal reserve, since there are no reserves. But
there's certainly plenty of robbery cause every person in this
country is being robbed by these people. And when they
raise the interest rate, they're robbing you. When Green Spans
started raising the interest rate, I means you've got to
cough up another fifteen hundred dollars a month on your
mortgage or lose your house and go live in a trailer.
So and you haven't got any raise. I mean, you're
not making fifteen hundred a year more. But the interest
rate pushes you into to that position, you've got to
come up with the money or lose your own And
this is what the Federal Reserve does to people. You've
got a note on your car and suddenly the interest
rate goes up on that r You borrow money for
your business, and that goes up, and maybe your business
is not making that much profit. You lose your business.
So these are very serious and very cruel things because
when these bankers raise the interest rates, they don't worry
about whether you can meet your bills or not. If
you don't meet your bills, they'll foreclose on you, take
your business, and you go to work for them at
a much lower salary, and so that's how it's done.
But it is a system of exploitation, of robbery, because
when you take money from people and don't give them
anything in return, that's robbery. Because under all normal commerce,
if you buy something or spend money, you get a product.
Speaker 1: In exchange.
Speaker 4: With the Federal Reserve, you get nothing except the debt.
You get it increase in your debt, and that's it.
You do not get any goods or any advantage of
any kind. You've got the same house you were living in,
but it's costing you an extra fifteen hundred dollars a month.
And that's about how much green Span has raised the
average mortgage in the country. So if you imagine everybody
in the United States is paying an extra fifteen hundred
dollars a month, and uh, they've got to raise that
money by whatever means. They can sell sell assets, uh,
or sell the house and move to a smaller house,
which many people have done.
Speaker 1: That's OK.
Speaker 6: I don't understand what.
Speaker 1: You mean by that.
Speaker 3: When I know my mortgage is to get.
Speaker 6: Fixed ray anyones I get or a fixed right, So
when you talk about raising interestrates, they can't raise moneys strait.
Speaker 3: For mine house?
Speaker 5: Is it fixed right?
Speaker 1: Well?
Speaker 4: Uh, fixed rate mortgage are not affected. But many many
of the mortgages are not fixed right anymore. They they
put put 'em on a sliding scale. So you must
have one of the old very desirable fixed rates.
Speaker 6: And get all of us I get a fixed right.
I've never been on the fling.
Speaker 1: Well.
Speaker 4: Uh, well, all have more fixed rates for a long time.
And then you know that, uh they were tipped off
that they're gonna start raising the interest rate, so they
started moving over into uh.
Speaker 1: Uh I don't.
Speaker 4: Know exactly how they set it up r but they
make variable mortgage, they move to variables. So you've got
the fixed rate. You're okay, they can't do anything to you.
Speaker 7: Interest rates grow up and it's going to cost you
more to for the cost of business.
Speaker 5: Or well futurefarm.
Speaker 4: Oh definitely nice, So things expect me at all. So
you're locked into the fixed rate, You're okay, I didn't
that way, but uh, but if you go into another
business or something, you're gonna pay the higher rate.
Speaker 5: So also all the businesses not to the higher reason
for their loans.
Speaker 4: Yeah, and the business the business loans are where they
really make their money because most businesses have to borrow
money to start up or to expand and so forth.
So the the the house mortgage is not the ideal
example because people in the house mortgages are on a
more fixed income. But businesses uh are totally at risk.
They've got to raise the money or they won't uh
have a business. So it's the businesses that really get
hurt by this. But you don't hear the Republican Party
complaining about the interest rates and so forth, because the
Republican Party, being liberal Republican are for the bankers and
they go along with the Federal Reserve on everything. And
it's amazing too, what unanimous approval there is throughout the
United States for the Federal Reserve system. You'll never hear
a businessman or a politician criticizing the Federal Reserve. The
only criticism for green Spans six interest rate increases since
the first of the year came from the Wall Street Journal,
which is sort of a voice of sanity. Yeah, and
they had they had a number of articles on their
editorial page in which they criticized Greenspan's action. Well, you know,
they they absolutely laughed at his claims that we were
under uh inflationary pressure, where there's no inflationary pressure at all.
They published the actual figures and there was no inflationary pressure.
So uh so, then green Span because of this attack
on the Wall Street jone, he kind of changed his
t uh tactics. He said, well, what he was attacking
was the wealth factor. Well that made it, uh look
like he was going after the rich. So everything everybody thinks,
that's okay, go ahead and s and soak the rich,
But uh, it's not the rich. M Uh they pay
the bills. It's it's the middle income and poor people
they pay the bills. Uh the rich always get a
uh special deal, you know, special discount or are they
owned the bank that owns the note and they're paying themselves.
But uh uh middle income and uh poor people don't
have that advantage. So they're the ones who are the
ultimate victims of all of these policies of the Federal
Reserve Board because wealth the people always benefit from these things.
They have it set up so they benefit. That's why
I said that the original Federal Reserve plan was conceived
by very rich people who wanted to get even richer.
There were no no poor people at the Jackal Island meeting,
there were no middle income people. These people were already
very wealthy, and they had this personal view of themselves
as uh pirates. They really felt like they were sailing
the seas under the Jolly Roger. And in fact, if
you look at the names of their yachts, sailhead yachts,
So George Baker's yacht was called the Viking, and JP
Morgan's yacht was called the Corsair, which is Corsair as
a raider. So they really believed in themselves as pirates.
I mean, these were not people who right to do
good in the world or to help anybody. They were
apt to rob and pillage because that's where the real
money comes in.
Speaker 1: I mean, you can.
Speaker 4: Work all your life at a modest salary, or you
can go out and rob people and make a lot
of money very quickly. Well, these people deliberately chose the
path of robbery, and it's the only path that they have.
And uh they donate large sums to churches and universities
of the stolen money, of course. And uh, but they've
set that up so they get a big tax, right all.
Usually it hardly costs them anything because, uh, they learned
long ago that when you're robbing people, it's better to
promote an image that you do good, you know, So
that's what they do. These are all great philanthropists.
Speaker 1: All these people the dimes. T Rockefeller handed out dimes.
Speaker 4: Yeah, oh yes, yes, he handed out uh dimes, no
folding money, but just dimes. Fact, you get the dimes
by the role, you know, And he would have him out,
but that was that was his great thing. Well, to
give old John d credit. His sons and grandchildren don't
even give anybody dimes. They don't give him anything. You
never you never heard of David or Nelson Rockfeller giving
anybody a dime or given him anything, So uh he
was more generous than they were.
Speaker 1: But uh old John D set.
Speaker 4: Up the Rockefeller Foundation, and he was so hated at
that time. Remember this is the man who organized the
Fellow Reserve meeting. And his son married Nelson Aldridge's uh daughter.
So Nelson Aldridge represented money and privilege in the US
of nineteen hundred Republican majority leader. He owned banks in
Rhode Island, he had stock and everything, and he lived
in a huge mansion. And his daughter married John D.
Speaker 1: Rockfeller.
Speaker 4: So in fact, that's how Nelson Aldrich uh Rockfeller was
named after the man who chaired the Federal Reserve Board meeting.
So that's how involved these people were in this whole thing.
Speaker 1: And uh John D.
Speaker 4: Rockfeller's junior's sons were named the Fortune at five, you know,
Nelson and uh, David and Lawrence. Uh, they were the
Fortune of five. They were the the five wealthiest young
men in the United States and the most.
Speaker 1: Desirable for marriages.
Speaker 4: Of course, Uh they were the best catch because they
were all going to inherit the Rockfeller fortune and the
people who bought the original Federal Reserve stock in nineteen
fourteen had a monopoly because they included in the Federal
Reserve Act of nineteen thirteen that the stock could never
be bought or sold on any exchange. So if you
wanted to buy stock in this magical money machine which
printed money, you couldn't do it because they had set
it up that it would only be available to the
people who bought it initially and who of course would
hold on to it through their families. And uh so
then Rockefeller set up the Rockefeller Foundation and put his
Federal Reserve stock in that so that could never be
touched anyway. So, uh that's where it is today, and
uh that is part of the capital of the Rockefeller Foundation. Well,
Rockefeller was so hated that when he tried to charter
his Rockefeller Foundation through Congress, he couldn't do it. So
he finally charted it through the legislature of New York,
which he owned anyway, And it was never charted as
a national foundation because, uh, nobody in Washington there the
Senate didn't dare vote for it. So he had it
there for two years. He couldn't get it, so it
went back to New York and charted it. And the
Rockefeller Foundation then financed the takeover of the uh medical
profession through his Rockfeller Institute for Medical Research. And they
have given us this big drug deal that we have
today with all of the pills and all of the
the whole complicated uh uh medical insurance and medical practices
today all came from John D.
Speaker 1: Rockfelt.
Speaker 4: Why was he really interested in people's health? Mm uh No.
He saw he had the oil monopoly and he was
looking for other things. So he went into the medical profession,
took that over. I went into the banking business and
took that over for the Federal Reserve system. So this
was a man who was growth minded, as they say.
He just kept growing and growing, dominating more and more.
And as he went into each of these fields, he
took them over totally. For instance, in a medical field,
he set up a system where hospitals could only be
accredited by the state legislature, and so then he controlled
the legislature. So he now controlled all of the hospitals.
So if you wanted to set up a hospital which say,
would offer free care to a certain number of indigen
people or something like that, you couldn't get the legislature
wouldn't prove it. You wouldn't so you wouldn't be accredited.
And without accreditation, it was against the law to operate,
to come and close you down. Armed police would come
and shut the place down and throw you out. So
this is they always fall upon force as a final factor,
because only by force can they force people to do
the things that to rob them the way they do,
you got to have force. There's no way you could
sit down and persuade the ordinary person to give you
all of his money.
Speaker 1: You have to use a gun.
Speaker 4: So that's what all of these UH Federal Reserve influenced legislatures,
UH revenue agencies everything.
Speaker 1: They're all the force is their only solution.
Speaker 4: And the uh RS particularly has a habit of UH
demanding initially at least five times what they know that
you owe. If they think you owe sixty thousand, they'll
send you a notice for three hundred thousand. Well, the
average person is totally devastated by a demand for three
hundred thousand. They don't have it, they don't owe it,
they never owed it. So this conditions you to start
negotiating and bring down the three hundred thousand to a
more reasonable figure. So you wind up you may owe
sixty thousand, but you wind up paying a hundred and
twenty thousand because you're you got to pay more in
order to get a settlement. So that's how they operate.
They've been doing that for many years. Well, this is fraudulent.
The uh RS knows when they send out the claim
that it's fraudulent, and you know it's fraudulent, but you
can't go to court and prove that because any court
would say, well, the RS agents worked us up from
the information they had and from their statistics, and we
can't challenge that.
Speaker 1: So a lot of some.
Speaker 4: People have committed suicide because of these impositions. And as
I say you, the income tax was set up solely
to cover up the fact that the Federal Reserve bankers
had gotten a license from the government to print as
much money as they wanted and there's no restraints on
it whatsoever. That's why they needed the income tax in
the first place, was because they had to have some
system of control, and that the income tax was that system.
And they've been using it ever since. And it's invalid now,
and it was invalid at that time and as Bill
Benson it out to get the income tax Amendment through
the state legislatures. In every case they used subterfuge and
in most cases were never even ratified in the first place,
but they went ahead and listed it as being approved.
And when he started doing his research, he was amazed
at going to legislature after legislature and finding out it
was totally fraudulent. They'd never been ratified in the first place.
So nobody actually owes any income tax at all because
the amendment was passed under fraudulent circumstances. And the man
who approved it as Secretary of State was Philander Knox,
who was the Wall Street lawyer for JP Morgan and
the big bankers who wanted the income tax. They knew
they had to have the income tax, that they could
not work the federal reserve system unless they had the
income tax because that was the only means of control
that they had, and the income tax then became a weapon.
Uh they used force against people. They'd go in to
seize your business, seize your home. I had a friend
in Washington at uh od tax or they said he
od tax and uh so he came home and went
to bed at night and during the night, they came
and took his car. He just had a little Volkswagen.
They took his car. Mm and UH to show you
how blackmail and extortion is behind all of this. Uh,
he went to to the RS and bought his own
car back for a few cents on the dollar. And
uh as long as the money changes hands. Uh, they're
told to bring in money, and they bring in money.
They're all on a quota system and uh they have
to bring in money or they never get promoted. So
he bought his own car back for like something like
two hundred dollars.
Speaker 1: But now he had a car again. So at uh
Uh that's the kind of gu uh s. This is
a this is a so called government. This is not
a government at all. Yes, you are we allowed to
ask questions during this succession or Uh?
Speaker 4: Yes, I think we've reached the point now we're of
the workshop where we're going to the question and answer.
Speaker 1: So you go ahead.
Speaker 6: Uh, I have a question.
Speaker 8: I first understood that when they passed the Federally Serve
Act on me on uh Christmas Eve, that there were
actually only four people in the room.
Speaker 6: Isn't that true? It wasn't a co They called it
a quorum, but it was really four people in the room.
Speaker 4: Well they said it was a quorum, but I wasn't there,
And these people lie about everything, so I doubt I
don't think they probably was a quorum. Yeah, but I
don't know how you'd ever proved that, you see they.
Speaker 6: Yeah, they, I mean he seems to know too. I
when we know that there were four people in the
grew and.
Speaker 4: We knew what the well, see, the New York Times
didn't cover any of that, and of course my source
was the New York Times.
Speaker 1: Uh huh.
Speaker 4: But I don't doubt it that there. It was totally frobile.
I don't see how they could ever have passed it.
Speaker 5: Uh.
Speaker 4: When all these congressmen they left town, there's no way
they could have had a quorum.
Speaker 1: Oh.
Speaker 5: All they did the strength thing was a breathe.
Speaker 4: Oh the Brady Bill. Yeah exactly, sure. Yeah, whatever they
want they get right.
Speaker 5: Yeah, until everybody left to go on vacation.
Speaker 9: And that's when they did their thing in a eleventhol
or id. Well it was eleven o'clock and night.
Speaker 1: Eleven o'clock and night. Yeah, they do that.
Speaker 4: I used to live in Washington and we would see
the lights on in the Capitol building when they were
doing some one of these things. George Stimpson, who found
a National Press club. Uh, he and I would have
dinner together sometime and walk home at night. He lived
at the George Washington Inn, which was just past uh
the UH congressional offices, and.
Speaker 1: Uh uh we passed there one night. It was the.
Speaker 4: Summer night, and and all the lights were blazing and
all they uh in the in the Capitol and uh
they were debating the Marshall Bill, which was w one
of the great Rockefeller giveaways. Because all the Marshall Plan,
they couldn't call it the Rockefeller Plan, which is what
it was, so they put George Marshall's name on it.
We came down as a Marshall Plan, but it was
actually the Rockefeller plan to keep UH war production going
because the Rockfeller plants. Of course, the war was over
and they would have to close down. So they kept
the UH plants in production. Only now they called it aid.
And so so they kept sending stuff to Europe at
American taxpayer's expense for Rockefeller's profit, and it was called aid.
Speaker 1: They gave it. They gave 'em the stuff. Yes, I
would have to have.
Speaker 6: I mean, I understand up until World War Two and
everything that happened, if any it, I mean, I don't
know if you have enough time to kind of get
the all of you of what's happened to the staff?
Speaker 5: Where's as were going?
Speaker 4: Well, it's just going. It's it's business as usual. They're
continuing the sable system. As long as they got the
federals they've board in place, they can uh raise the
interest rate, lower the interest rate, Uh, make the stock
market tighten up, expand the stock market.
Speaker 1: Uh.
Speaker 4: Now they've got a very workable system. I don't see
any changes unless they're forced to change.
Speaker 1: And the uh.
Speaker 4: Congress is totally controlled. It's only one person in Congress today,
Congressman Ron Paul, whom I know very well, who will
criticize the Federal Reserve. He's a lone voice. Well in Washington,
when you're a lone voice, you're really alone. Everybody knows
you're alone. They know that Ron Paul is standing there,
that he has no supporters in either party either house. Yeah,
he's got guts, but uh he's willing to do that.
Well because first he's a man of principle and he
has a very sea safe seat in Congress from Texas
and Uh, the voters in S district will continue to
send him back to Washington, but he won't be able
to accomplish the now he There's always been one man
and one congressman in Washington who would oppose the Federal Reserve.
During the nineteen twenties, it uh was a congressman from uh,
Pennsylvania who was a banker himself and who was appalled.
And his name was Congressman of McFadden, and I mentioned
him quite a bit in my book. And he died
suddenly at a banquet one night, a political banquet, and
everybody assumed that he was poisoned because he was a
very dangerous opponent. And when Eugene Meyer was proposed for
member of the Federal Reserve Board, that's the guy that
bought the Washington Post. McFadden held hearings and showed that
Eugene Meyer, who was a partner of Bernard Baruch had
Baruke was appointed head of the War Industries Board during
World War One by Wilson after a fifty thousand dollar
contribution and which was a lot of money at that time.
And his partner Eugene Meyer, they had the Alaska Juno
gold Mine Company in Alasko, which is I think a
typical fake mining operation. But his partner was appointed head
of the War Finance Corporation. So you had Meyer and
Brooke running Washington during World War One.
Speaker 1: And so.
Speaker 4: Meyer, apparently it was a rather creative person, and as
head of the War Finance Corporation, he printed liberty bonds,
which they sold to finance the war. And it was
your patriotic beauty to buy liberty bonds. And Meyer was
such a patriot that he thought, as long as he
was printing them, he would print him in duplicate, one
for himself and one to sell to the people. So
as head of the War finance, he printed all the
liberty bonds and duplicate, and the others he sold on
New York through his firms up there. No one knew
that they were duplicates, of course, because who's going to
check the numbers of liberty bonds. And so with money
he bought a big chemical company after the war, and
then he bought the Washington Post. So the Washington Post
was printed with the money which Meer stole as head
of the War Finance Corporation. So Louis McFadden brought this
out to any hearings, and then he complained that when
Meyer's assistants were bringing in the books of the War
Finance Corporation, this was nineteen thirty one and the war,
of course ended in nineteen eighteen, that when they brought
the books in, you could see that most of the
pages had been altered. In other words, Meyer's accountants were
setting up all night changing the books before they brought
it to McFadden. And of course there's another criminal endeavor.
But there again, McFadden was a lone wolf, and nothing
was ever done about it. And Meyer was approved by
the Senate as a member of the Federal Serve Board.
And that's all in my book too. So then after
McFadden died, another congressman came along from Texas and uh
he was from Texas canon and uh now I'll have
to look and remind myself his name, uh huh uh yeah, right, Patman.
And I used to go to write Patman's office, and
he had my book right on his desk, and I
quoted fat I cited his letter in there from right
Patman that he had uh uh always thought muh very
highly of my book. But even right Patman, as a
personal friend, could not was't was afraid to have me
testified hearings on the federal reserve. I was never asked
here was I'd written the book, I had done all
the research, I was the authority on the federal reserve system.
I was never once I asked, even by right Patman,
to testify uh about pending uh when they were uh
investigating in the Federal's airboard.
Speaker 1: Never maybe investigations.
Speaker 4: Oh, they they've had a got investigations of the UH
federals aerve board off and on ever since nineteen twenty five.
But they never amount to anything because and the press
never covers them. But I found all of these books,
uh of the congressional investigations in uh the Library of
Congress never been read or quoted by anybody.
Speaker 5: So what's your next step? I mean, obviously you're incredibly greedy,
you know who.
Speaker 9: We hear about this talk about you know, uh United
Nations taxes, and I would think there would be all
you know that people that don't deserve on the other
central banks of Europe that are going to, you know,
try to put this in scheme together.
Speaker 1: How do you see that playing out?
Speaker 4: Well, they're always creating money. They've created the euro and
uh europe uh, which is another federal reserve dollar with
no visible backing of any kind. I think it's in
order to cover up the fact that they're creating so
much money that they need to keep taxing people and
convincing people that no matter what country you're CITI is now,
you've got to keep paying taxes to these people for
all the wonderful services you get. They talk about government services,
you know, they're always bringing that up, Well, we would
have to cut services, we would have to cut the schools,
and they even start closing libraries, you know, just to
convince people, say, well, we can't have the libraries open
at night anymore because we're so short of funds. And
the national parks, you know, they charge you to go
into national parks here every day. They're sending billions of
dollars overseas to various boondoggles, and the total budget of
the whole national park system is like one hundred million
dollars a year. But you hear these cries of desperation.
We don't have money to fix the potholes in the parks.
We don't have money to keep the campgrounds going.
Speaker 1: And this is uh. One of the main sources of
recreation for the.
Speaker 4: American people are the national parks, and they have they're
starving 'em to death because they feel like, if you
really want to a guy, you go to the national park,
why can't you pay a fee and go you that's
their attitude.
Speaker 8: Yes, of course, you know that the national parks have
all been taken over by the United Nations and they're
called biospheres.
Speaker 6: The park fees have increased dramatically.
Speaker 1: Oh yes.
Speaker 8: The rivers have been taken over up from by the
Heritage River Foundations, so we the rivers aren't ours anymore,
The parks aren't ours. The revenue to go into I mean,
the the the map that they charge to go into
any place has trop quadruples.
Speaker 6: And then they tell you no more snowmobiles in the
national parks.
Speaker 8: Oh yes, because they don't want us running into any
nest of the d of the foreign troops of they're
training as you speak.
Speaker 1: Oh definitely.
Speaker 6: Well what about your conspiracy? On top of conspiracy, I mean,
this is a wall.
Speaker 8: It's got to come down sometimes, I think more than
the tragedy of the money and the way they have
stolen from us.
Speaker 6: Is the way they have the school children.
Speaker 8: Oh yes, froy our children in the wars, with their vaccine,
with their uh their c gem trail.
Speaker 6: Everything that thing has done to it, to destroy our
children just makes me live ex really.
Speaker 4: Oh well, DV kid, I was just talking to her here, Yes,
she has the table here. She made a con complete
investigation of all the school shootings. She found that every
child involved in those shootings was on uh Prozac and
Ridland and other of these uh mind altering drugs. So
you're right, terrible crimes are being committed against the children
and the parents.
Speaker 1: Uh.
Speaker 4: You know, what can you do when the government poisons
your uh child with mind altering drugs?
Speaker 1: It's no longer your child anymore.
Speaker 8: First and that you whack your kid in that in
that mall, and the next thing you know, you've got
Social services showing up.
Speaker 6: To take your children away from you.
Speaker 1: Oh yes, child, it is Oh yeah, if you didn't,
Oh that's right.
Speaker 6: I mean that they have all the power.
Speaker 1: They have power, and as I say, they use force.
Speaker 4: Oh yeah, uh uh they can accuse your child abuse
and you you look out and as a car full
of uh Sheriff's deputies and everybody else there in your car,
and you wouldn't dare resist. They'd blow you away just
like that. In fact, they really like resistance. They'd like
for you to come out shooting so they can use
their guns.
Speaker 1: You know.
Speaker 4: And after all, it's very boring shooting at targets in
the firing range of the police all the time. To
get out and shoot some real people would be a
great change. Oh, I think fun and and of course
maybe put a notch or two on the barrel.
Speaker 6: You know, what do you think it is the prognosis?
What's our future?
Speaker 4: Well, the prognosis is the government's going to get worse,
and I think the people are going to resist more.
I think that's the prognosis. You have the Internet revolution.
This stuff is suddenly going all over the country instantaneously.
I mean before people used to print a little mimeograph
newsletters fifty years ago and hand them out and reach
one hundred or two hundred people. It goes over the
country instantaneously. And uh also by seeing it so instantaneously,
it has a more immediate effect. People are more enraged
by it. I mean when you get a newsletter in
the mail that someone's mailed two weeks ago. It really
doesn't uh excite you, but you pick something off the
internet and I got it hit you right in the
head and you're ready to do something. No, I think
the tide is turning against these people. They have abused us.
They have abused uh and take taken license with everything
that they did, like printing the Federal Reserve money, which
should never have been allowed in the first place. Because
the only thing they knowed to do with their ill
gotten gains is to attack the people, to enslave 'em more,
hire more police, and got more guns.
Speaker 8: Uh.
Speaker 6: Do you think all the guns away from us and
we can't protect yourself.
Speaker 1: Well, that's what they've been trying to do for years
and they just haven't had the means to do it.
Speaker 6: I know the weighing ru Russia was and they couldn't
defend themselves, and that that's what happened to them.
Speaker 4: Oh yeah, Russia and Germany they took the guns. And no,
as long as we still have privately owned guns, our
freedom will last that long. The day the guns are gone,
we're gone, that's right, Yes, yeah, oh yes, Well the.
Speaker 3: Big thing I work in agriculture and the international bankers
are destroying agriculture in this country. And if you know
I'm not aware of that, I'll tell you that very extensively.
Speaker 1: Oh yes, now import half of our food sure.
Speaker 5: And the people, if you're concerned about.
Speaker 3: Food safety, Most of the food that comes in is
not inspected, like less than two percent it comes across
the borders is inspected.
Speaker 5: So be sure if you buy fruits and vegetables that
you wore them.
Speaker 3: Well, you know, because the the the rules are different.
With the NAFTA that's again, and the GAD agreements and WTO,
they have just absolutely decinate the agriculture.
Speaker 5: And it's right now.
Speaker 3: Direct subsidies to the farmers will be fifty of this
year's income.
Speaker 5: And so guess what food control is? Population is people control?
Speaker 4: Well, it is because they would rather have your food
produced in another country and imported, not only make a
lot of money hauling it here and also make a
lot of commissions on reselling it, but the food produced
in Mexico and Chile and so forth. You see, many
dangerous chemicals have been banned in this country, but Monsanto
and dal can send those chemicals to any other country
and they will produced the bright green lettuce and the
big beautiful grapes. But they're loaded with those chemicals, and
we have no.
Speaker 1: Way of knowing that.
Speaker 4: As you say, they come across they're not inspected. There's
no way that our government agencies could ever inspect foreign
farms to see how much of these pesticides they're using.
So it was a great uh boon for the chemical
companies after these things were banned here and the reduced
their market here. They s they say they're selling even
more overseas because over there, uh uh the market is unlimited.
There's no they don't have uh legislatures in those countries
that will meet and ban dangerous substances. Uh, because they're
the the only thing is to make money and survive.
And so uh no, we're really endangered by the foreign
produce coming in this country because uh it's absolutely loaded
with dangerous chemicals.
Speaker 5: Long excuse me.
Speaker 3: Along with that, uh, the the trend is that with
farming going out, we won't be we'll be in a
positions to render Oh yes, yeahs wen uh. World World
War two, World War one, we were we produced our
own food and and quite a lot of excess.
Speaker 5: That's not really true anymore.
Speaker 3: Yes, we have an excess of a few commodities, but
generally speaking, we're on the deficit here, and we're actually
importing beans out of Canada now, packaging them in twin
falls because they can find cheaper there.
Speaker 5: To the exchange rate.
Speaker 1: Oh yeah, certainly.
Speaker 3: And the same way potatoes, and the big corporations come
to the growers potato es and Idaho where I live,
and they extored them and say, well, if you don't
take less money for your contract, they're already basically at
below production costs.
Speaker 5: Oh yeah, even the best growers. And they say, well,
we're gonna take it to Canada. Well they're gonna take
it to Canada.
Speaker 3: And you talk about the bridge the Second Revolutionary War
the British have wanted economically.
Speaker 4: Oh yes, yeah, Canada right now? Is you know simplot
there in Idaho, the great potato man. I think they
have backed him into a corner. You know, he produces
all the potatoes for McDonald's are dead. I think I
read about a year ago that they were switching to
I took Canadian firms. I don't think he has those
donald contracts anymore.
Speaker 3: Well, he has some, but you know they've they've cut
way back yeah, they're increasing in Canada. Uh, they're just
cutting cutting, uh, cutting us out of the picture.
Speaker 5: And the only problem they have.
Speaker 3: Fortunately climate wise, Idaho has still the ideal climate.
Speaker 5: Oh yes, and some of the other areas.
Speaker 3: That does make some differences when you're growing things. But
still they'll try to get around it. And we've taken
our technology, our tax money and and help produce food
all around the world.
Speaker 1: Oh yes.
Speaker 5: And the overseas.
Speaker 3: You might comment about the Overseas Private Investment Corporation.
Speaker 1: Another miss and over oh it's oh, it certainly is.
Speaker 5: People about that.
Speaker 4: Well, they set up a number of those companies. Nelson
Rockefeller UH set up one in South America and it
was called International Overseas Company, I think, but there's a
number of them. But Rockefeller set up in Columbia, UH
to invest the money that he made supplying the Nazi
submarines with gasoline during World War two exactly, and UH
Jed Hoover UH found out that he was doing this,
and he goes rushing to Roosevelt. He thought he finally
had the Rockefellers and he said, mister President, Uh, the
Rockfellers are se are supplying the uh Germans with UH
other German battleships and submarines all through South America. And
uh so Roosevelt said, well, thank you, Edgar, I'm so
glad you brought me this information.
Speaker 1: And he put it in a file and he already
knew it anyway.
Speaker 4: But then Rockfellers had all this money after World War two,
and so that they invested it in these vast enterprises
down there. And I think the Columbia drug trade is
probably the natural outgrowth of the Rockefeller investments in Columbia.
They claimed they were just growing coffee. Yeah, but uh,
drugs are a lot more profitable than coffee, believe.
Speaker 1: Yes.
Speaker 6: And you may wanna talk about how.
Speaker 8: The how Vietnam, the war was extended so they could
continue to bring the drives in and the Condi cadavers.
Speaker 4: Oh yes, ah that was, Oh that was a tremendous thing.
All the bodies of our soldiers are killed in Vietnam
were brought home stuffed with huge bags of d uh drugs,
you know, and then they would open it up and
take the drugs out and sell 'em and then go
ahead and give the boys a a good decent uh burial.
But that was just a means of transportation. These these
people are so cold blooded and so ruthless, Yeah, that
the average American cannot envision, cannot begin to envision, uh,
what they're like.
Speaker 1: Yes, you mentioned earlier today that.
Speaker 4: Oh, they were trying to destroy the American um people,
will make us paupers and everything.
Speaker 5: But for some reason, the economy is is still strong
and they haven't ruined it. Do you have any more information?
Speaker 1: Oh, yes, I mentioned at that time.
Speaker 4: But we simply responded by working harder and being more genius,
developing new methods of production. So their efforts to destroy
us just spurred us on to be more creative. And
this prosperity is due almost entirely to the extraordinary pressures
brought on by their measures retaliatory measures against the American people,
to tax them more, to be more repressive, to have
more government regulations, and.
Speaker 1: To narrow our markets. And we're responded by making more
money there. You know.
Speaker 6: The other thing is, look at the contrails.
Speaker 8: They dumped these millions of tons of chemical buds every day,
and we're still freaking here.
Speaker 6: We should have been dead years ago.
Speaker 4: Oh yeah, Well, we take all these wonderful medications from
Rockefeller's drug companies, and that's what's keeping us going. No,
when they dumped the common trails, we have to rush
out and buy millions of dollars worth of medicines just
to survive. So they win both ways, but they will run.
As for agriculture, agriculture is the way they ruin. It's
because unless you live off of your land, no country
can survive without living off their own land. On Japan,
of course, they don't have any room to grow food
in Japan. I have been there many times. Every inch
of the land is taken up by homes and factories,
so you don't have any fields of grain and all
that sort of stuff. They have to import it all.
But and so the Japanese have to work twice as
hard to produce enough money to buy their own food.
And the consequence is they're totally under control. I have
been ever since the military occupation. We still have forty
seven thousand troops in Japan. So anybody thinks that Japan
is not occupied, I think in fifty two or fifty
four they drafted some sort of agreement that Japan is
now fully independent. Well, when you go to Japan, the
press is totally controlled, the television is totally controlled. There's
no dissent anywhere in Japan. It's like Soviet roy Russia
was understalling. And the people don't mind this because Japanese
are not very argumentative people anyway, and they just accept
this and they go along and work and they live
almost in hobbles. The center. Living in Japan is awful.
That these enormous apartment houses were like barracks, and in
these huge parks they only have like a room and
a half for four people. It's really terrible. They have
no room to park cars. They can't buy cars because
there's no place to park a car, and only wealthy
people in Japan have cars. So that's really why they
inundated us in the rest of the world with their cars,
because after they produced them in Japan, they couldn't sell
them to the Japanese people because there's no place to
put them. Very few people have a place in Japan
a park a car.
Speaker 1: Well.
Speaker 4: I think in h New York City, in Manhattan, it
cost you about the same price as an apartment just
to get a parking place.
Speaker 1: And uh, when I lived there rough.
Speaker 4: U fifty years ago, it was still rough, but then
it got to where you really had to buy a
parking place in something enclosed garage, and it started at
two hundred a month anno it's about two thousand a months.
Oh yes, Oh, the price of a parking place in
Manhattan today is about the same as the price of apartment.
Speaker 5: You could afford a lot of taxes.
Speaker 4: Well they could afford taxes, but for some of them,
they have enough money and there's the prestige of owning
your own automobile, and so they do that. It's just
like John Kennedy. He had the prestige of owning his
own airplane. But uh, with all of his money, I
thought he would have had a pilot, but instead he
insisted on piloting himself. And uh so, uh, he's no
longer with us because, uh, he and his one hundred
and fifty million dollar fortune crashed and that was the
end of that. Yes, conspiracy, Oh yes, I've heard all
conspiracy theories about Kennedy.
Speaker 6: Do you think that he crashed or don't have been
competent at all? I think he was taken down.
Speaker 1: Well.
Speaker 4: Uh, the information that they released immediately after the crash
was so suspicious. Here on the front page of every
newspaper are these lurid, very detailed stories of how confused
he was and totally lost, didn't.
Speaker 1: Know he was up, and then.
Speaker 5: With him.
Speaker 4: Yeah, well they must have been in the cockpit. How
would they have known all these things?
Speaker 1: Uh?
Speaker 4: Uh but uh, they were very detailed. When you see
that kind of uh manufactured propaganda A and it hits
the press within hours after any of this stuff, and
uh uh it's it's just like uh Hillary uh Clinton
in her newspaper column and Ron Brown crashed in uh
oh yeah, Yugoslavia. And in her column the next day
she told her about the turbo weather storms and so forth.
If fact there were no storms at all. But uh
that that doesn't bother them.
Speaker 1: Uh.
Speaker 4: They're they're given this propaganda and they grind it out
and it appears in all the papers.
Speaker 8: Just remember the big secret operation of bringing up the
plane that they did, this whole Kennedy thing with a
big boat out there.
Speaker 6: You couldn't get too closed those but they wouldn't.
Speaker 1: Name the tar Oh, no, top secret.
Speaker 6: Oh he's sitting right in the you know, his his
head was against the window, the whole front of it.
Speaker 8: But was just the the plane was just perfect, and
he was just laying there against the window at the
bottom of the ocean. But then they showed the U
about a week ago, they showed this destroyed planes.
Speaker 6: It look like it's absolutely nothing but just.
Speaker 1: A a a bunch of rat Oh.
Speaker 8: Yeah, all of a sudden it went from here everything
He's a perfect thing, just the tails the same. Yeah,
I city you had perfectly dead and beautiful to this
thing has been completely destroyed.
Speaker 6: And nobody even remembered that. That's what we saw that
September was all that crap.
Speaker 4: Well, I have uh heard from various people that the
plane that they finally wound up with wasn't Kennedy's plane
at all, which is probably true. That's the way they
do things. Yeah, everything they do it the same way. Well,
I have a print in Martha's Vineyard. I'll be going
there next month, and he sent me a clipping when
they Kennedy uh crash occurred. The Vineyard Gazette, which one
of the two newspapers on uh Martha's Vineyard, printed a
uh interview with one of the summer residents, a lawyer
from Cincinnati, who said he was out in his yard
working and uh he saw this plane and uh uh
he saw an explosion and heard the explosion, and they
printed his complete interview in the vine You said, it
was never picked up by any newspaper in the world.
Here is a eye witness to the Kennedy christ and
uh uh not one paper would touch it. And of
course this man, uh you never heard of him again.
Whatever happened to him, I don't know, but that was
actually printed in the violent paper.
Speaker 1: Yeah. Well, now you saw the article on that. Yeah.
Speaker 4: Yeah, I've got the interview at home. I've got the
complete article from the Vineyard Gazette. Fishing, Yeah, fishing and
uh I uh heard an explosion and looked up and
there was this explosion.
Speaker 1: Yes.
Speaker 5: Did you ever know of Congressman Larry McDonald? He was
the Ron Paul of his day.
Speaker 1: No Ah, he was a little before my time.
Speaker 5: Yeah, well he was.
Speaker 3: Uh. You know everybody remembers KL flight double seven.
Speaker 5: Oh oh yes, uh September one, uh, nineteen eighty.
Speaker 1: Three, uh huh and uh.
Speaker 3: The first news reports the newspaper I got on the
front said that the plane was down. They were negotiating
for the release of hostages at Sacklin Island, right.
Speaker 1: I turned on the TV.
Speaker 3: Thirty seconds later later they said that the plane was down.
There are no survivors. Oh yes, those people all maybe
with the exceptional couple of them, were put into Soviet
prisoners back through the Soviet underground.
Speaker 5: Lara McDonald was seen.
Speaker 4: Was seen, okay, And I always thought it would be
like Capricorn one if he could escape.
Speaker 5: Yeah, the boy would really would have blown things. I
prayed for that for a long time.
Speaker 4: Well, I'm I'm sure they made sure he wouldn't escape.
But no, I've heard those stories too about they're all
held prisoner, but you see they can't let them go, Yeah,
because it would blow the whole thing. Ye, It's just
like when I was in the Air Force in World
War two. Uh we developed a system where the planes
could fly from England and bomb Germany and they didn't
have enough gas to return, so they would continue on
and land in Russia. Well, all the ones that landed
in Russia, our loyal ally Stalin put him in prison
camps because the system in Russia was you could never
allow anybody from another country to come into Russia. If
they did, they weren't. They were never allowed to leave
because they'd tell people what they saw there. How horrible
the conditions were, and how unpopular the government was, and
so they were all in prison and never heard from again,
not one word from our military commanders who knew that
the crews were being in prison in Soviet camps, and
to this day not one of them never opened the
mouth about it.
Speaker 5: How about Operation keel Hall, Oh.
Speaker 1: Kiel Hall was the most tragic thing of all. And
well there was a.
Speaker 4: Uh he well, I think a Hungary and Jew and
he became he uh became a fish, an officer in
a British army, and he was one of the principal
overseers of that.
Speaker 1: I think his name was Low And.
Speaker 4: So years later the story was uh in England about
how he oversaw Operation kill Hall, which was all true,
but he sued for libel and got an enormous judgment
against the people who said this, you know.
Speaker 6: What you've been talking at?
Speaker 1: What do you think?
Speaker 4: Well, you say a lot of Russians were so relieved
when the German army came into Russia. After all, they
had been living under a terrible dictatorship, and so they
immediately the soldiers surrendered without fighting, and so they agreed
to join Instead of becoming prisoners, they agreed to join
the German Army and become a large force of the
German Army, which they did, and they were led by
General of Bleskov, who became one of the biggest division
commanders of the German Army. So, of course, when the
war ended and they all surrendered, the Bleskov of Legion
as it was called, all the former Russian soldiers were
segregated and were turned over to the Soviet authorities. And
many of them knew what was going to happen, and
they tried to commit suicide.
Speaker 1: They had no weapons.
Speaker 4: Well, they did what they did commit many of them, oh,
many of them did commit suicide, even though the weapons
have been confiscated. They stabbed themselves, They did all sorts
of things, and sometimes they didn't have their weapons, and
so it was only a partial thing. And they were
all dragged away to the Soviet Union. Of course they
were all killed.
Speaker 5: This was under the direction of Dwight David Eisenhower.
Speaker 4: Oh, Eisenhower agreed, yes, that these traders should be returned
to Russia, to our loyal allies. No, it was one
of the greatest trosties of World War two. Today it's
almost entirely forgotten. There were books published about it. There
are three books published about it, Operation Keel Hole, and
the story came out again later when uh Harold McMillan
became Prime Minister of Great Britain and he was the
British officer in charge of this whole thing. And so
uh I think that he i uh employed the standard
excuse he was merely following orders. Well, actually Eisenhower at
g who of course was his superior, had approved the
turning over of the prisoners to Soviet Union.
Speaker 1: And uh they were all killed.
Speaker 6: But there's something u.
Speaker 8: Uh very nasty, some another thing that happened with Eisenhower,
and that's that he had these big camps set up
when they took all the German.
Speaker 6: Soldiers that were left over from the war, put him.
Speaker 8: In the camps where they died with no food, no
no protection from the elements, and no medicine. And they
just died in beeps and these big open prisons with
I mean supposedly these were prisoners of war.
Speaker 1: Oh yes, Geneva Convention.
Speaker 6: Yeah, they just left them there to die by the thousands.
Speaker 1: Oh, there's there's a book out of that that it
was written by a Canadian.
Speaker 5: I did losses.
Speaker 1: Oh yeah, Uh. Other losses. Yeah, that's a good book. Yeah.
Speaker 4: And uh, the guy who wrote this was not pro
German or anything. Uh, he just heard about it and
SU started looking into it and he was appolled. He
went ahead wrote the book, and of course it had
a very small sale because, uh it was dismissed as
a pro Nazi propaganda And even Senator Joe McCarthy who
tried to defend some of the people who were being
arrested and tortured in Germany, these s soldiers, uh, cause
many of them had relatives in Milwaukee, which was his
district he represented Wisconsin, and so he went on the
uh uh floor of the Senate and described some of
the personal stories that the relatives told him about how
these men were being tortured, and he was immediately denounced
as a Nazi apologist. Yeah, and I think that was
one that was the beginning of the turning tide against
Joe McCarthy with that initial condemnation as a Nazi sympathizer.
Speaker 1: Uh, it was all downhill from there.
Speaker 8: Ye.
Speaker 3: Would you care to comment about, uh, the power structure
and how they they line people up once they get
in the system so they don't get out.
Speaker 5: In other words you. You're rewarded as long as you
played the game. There was a movie called The Brotherhood
of the Bell with Glenn Oh.
Speaker 4: I remember that movie which is never sewn on television today. Never,
You'll never see it.
Speaker 5: You won't find it.
Speaker 3: Well, Nactually it was a privately I thought I thought
it was a commercially made movie, but it wasn't.
Speaker 5: It was a made for movie TV thing, and you
won't find it now. They're just the copies that you're
taken off the TV. What's the name, Brotherhood of the Bell?
Speaker 8: The Bell?
Speaker 4: Yeah, brother of the Bell. Now you think you can
buy any movie in this country that you want to see.
You got the thousands of video stories, but you cannot
buy that movie.
Speaker 1: Uh.
Speaker 4: I know Glenn Ford's son Peter Ford, who has a
uh talk show in Hollywood, And so Peter was gonna
have me on his talk show and people warned him
I was too controversial.
Speaker 1: So he never did that. He's friendly to me, but
he never has had me on his show. Art Bell
did the same thing.
Speaker 4: So a lot of these talk show hosts, Uh, when
they hear that I'm gonna be on, they come under
so much pressure. Yeah, and they tell him well, that's
your program or Eustace, which do you want? So they
choose the program they have. That's the only charge that
got yes.
Speaker 6: Tell us about Winco.
Speaker 4: Oh, Winco was a training exercise for the army actually,
and Koresh was set up all the way.
Speaker 6: Uh.
Speaker 4: I think what happened was they stored some weapons there
under some pretext or other. And he said, sure, I
got plenty of room put him down there. Maybe they
paid him they probably maybe they paid him three hundred
a month or something for storage. So uh then they
said they set up this thing that they were going
to uh uh raid him for these weapons.
Speaker 8: You know.
Speaker 1: It was part of the gun grab uh lobby is
what it was.
Speaker 10: Go.
Speaker 6: The weapons were stolen by the massa were stolen by
the macade from the armories all across the United States.
Speaker 1: Oh that's what they were.
Speaker 6: And then he he said that if you don't keep
paying me, I might have to mention where these weapons
came from.
Speaker 1: Oh yes, uh huh oh they were the boom Oh sure,
uh huh So it was a massade up.
Speaker 4: Well, I knew how along that Waco was a macade operation,
but I didn't realize there were mas Uh the bsad's weapons.
Speaker 5: The weapons were from work stolen from the armories.
Speaker 4: All across the United States by Israeli intelligence Mozad. Oh,
that's the that's the arm of the Uh. That was
the beginning of Yeah, there's a book exposing a massade
called by Way of Deception by one of their former agents,
and they claimed to have a million dollar He lived
in Canada and uh, so Lti Patterson I wrote for
was going to have him come and speak at a
meeting there that I was speaking at. And so they
told him in Canada that uh, if he left Canada
that he would not be allowed back, so he'd be
stuck in the United States or go somewhere else.
Speaker 1: So he did.
Speaker 4: He never came to the meeting, and they claimed the
Massade had a million dollar contract onught him. He's never
uh been harmed and he's made quite a lot of
money out of his book, which has gone.
Speaker 1: Through several editions. So, uh yeah, I heard him lecture.
Speaker 4: Finally he came to Washington lecture and it was a
pretty standard story his training as a Massad agent's and
how they're trained to be totally ruthless and when they're
told to kill somebody they have to kill 'em, and
they do.
Speaker 1: Uh.
Speaker 4: They're they're really all assassins. They're trained as assassins. They
don't always uh assassinate people, but that's part of their duties.
If they're asked to do it, they have to do it.
And uh, the Almossade is considered the most feared intelligence
organization in the world.
Speaker 5: Uh, what do you know about uh Oklahoma City?
Speaker 4: Well, Uh, I was quoted on the editorial page of
the New York Times after the at that uh the
Alkoholma City bombing was a standard government operation.
Speaker 1: They quoted me, and they never denied it. Uh what
I said.
Speaker 4: You would say, think that they would follow that up
and not saying well this is typical of useless malags
or something like that.
Speaker 1: They didn't.
Speaker 4: They just printed my statement and uh with no comment.
And then uh read Beckmann, a friend of mine from Montana. Yeah,
he was interviewed about it immediately and uh so uh
the Wall Street Journal interviewed him and they quoted him
on the front page.
Speaker 1: Uh.
Speaker 4: Uh he said, well, anyone who know who's familiar with
this kind of thing knows that it's a government operation.
And so they printed uh red story and the New
York Times printed mine and there were other comments, and
of course I talked about it on talk shows and uh,
as I say, no one ever challenged these statements at
all to this day, cause the.
Speaker 6: Chiefer stupid and they don't even up paying attention.
Speaker 8: If you say the government operation, think he had the
government queen the book.
Speaker 4: Yeah, well I meant it was a total standard managed
government operation, the way they do everything. And uh no,
Olkahoma City was necessary because uh, the terrorism bill was
stalled and they had to get it through, right, so yeah,
passed two days later. Yeah, because that was it was
absolutely stalled in Congress. Right, nobody in Congress cared about
the terrorism bill. There was no reason for it, and
so they had to engineer this y and uh they
did it, and uh they've done so many things like that,
and uh, well there were people in Oklahoma City who
had families that were victimized by this uh uh, by
this monster Timothy McVeigh.
Speaker 1: You know, Oh well they demonized you. You know, Oh yeah, it's.
Speaker 6: Got Chippy doesn't even have a clue what happened. Yeah,
And all he did was drive around without a plate
on his car.
Speaker 4: And then everything you always did slam or charged with
all the well that becomes a capital offense apparently. But
uh now the uh the these things happened like this,
and uh uh well they demons people, you see. After
the Wacol, I call it the Waco Holocaust. And uh oh,
I'm always they always say used to Small's assistant on
calling it the Waco Holocaust. It makes them furious, but
they can't do anything about it, that it is a holocaust.
So uh see, their contention is there's only one holocaust
to one in Germany, and you're not allowed to use
that anywhere else. Well, I use it wherever they massacre
women and children at, which they did at Waco.
Speaker 1: And so uh.
Speaker 4: This I I point out that, uh even the Nazis,
as far as I know, never heard it an entire
Christian congregation of the church and burn them alive, right,
and uh which happened at Waco. So but you know,
not a so called Christian minister in the United States
would open their mouth about Waco. It's the strangest thing
you were thought to had been one independent minister somewhere
that would say, well, look, uh, we shouldn't be burnt
congregations alive in their churches, because after all, that guy
has a congregation. Also, maybe he would be next, who
knows so, But they let that pass without a comment,
losing their tax credit, all the tax credit.
Speaker 1: Oh yes, go ahead, we'll take a pause for tape. James.
Speaker 3: You know all that's been done. It's one of Bill
Clinton's mentors, the tragedy and hope the book might be good.
Speaker 1: Oh Carol quickly, Yeah, I know the book.
Speaker 3: Yeah, yeah, you know, and it wasn't that they come
up with a second edition. He might want to comment
about it because he just spilled the whole beams of
what the whole game plan was.
Speaker 1: Well mentor, Oh he certainly was.
Speaker 5: In fact, Bill Clinton mentioned him and he's what exception speech.
I think it.
Speaker 1: I believe it.
Speaker 4: Oh he did, Yes, he certainly did. I spoke up
between the radio talk show that I told you it
was canceled on me. That was the Twin Balls. It
was a young guy that was in ninety two during
the Uh.
Speaker 5: Yeah, well his his boss, I mean they're really weedy.
Speaker 4: Well this guy was green. I mean he was a kid.
He sounded like he was about twenty years old. Yeah,
he's gone to Saint George, Utah.
Speaker 1: But I don't haven't so oh you know about even then? Yeah, yeah,
he cut me off. Oh okay, well, and the only.
Speaker 5: Reason he cut him off is because I'm sure he
wouldn't have cut you off.
Speaker 4: No, no, somebody told him to stop this guy right now. No,
he may not even have pulled the switch, and could
have been somebody else because they've cut.
Speaker 3: All they've cut all the talk talk shows off in
that station.
Speaker 4: Now, well, talk shows have been cut to cut down everywhere,
but people start new ones, you know, because.
Speaker 3: See they were they're getting under pressure to get re licensed.
Oh well yeah, renew Oh yeah, oh they got a lot,
they absolutely they haven't. You know, they got four four
radio station there were in the Magic Valley and could
do so much good.
Speaker 5: They have one hour left.
Speaker 4: One hour's seance. See Tom Donahue came up there and uh,
I think about nineteen eighty eight and started a talk
program and he did real well. He was under a
lot of restrictions because the press senator at that time
from Ido Tom interviewed him and he tried to have
Tom taken off there he retired himself no longer. All right, yes,
all right, we'll resume our meeting now. We haven't got
too much time to left, so we will continue our
question program and we'll get ready for the grand wind
up here.
Speaker 1: So so I have a question over here. All right,
this is a two part question.
Speaker 5: The first part the part is.
Speaker 11: Where do you see federal user going in the next
sixty twelve on some second party?
Speaker 5: Is an Uh, people are throwing around these.
Speaker 11: Terms national sales tax, flat tax.
Speaker 5: It it's just all a smoke screen.
Speaker 4: Or uh most of it's a smoke screen. Ah, nearly
all these tax uh projections are uh disinformation or smoke
screen because uh, they're really wallowing such a surplus of
money right now that they couldn't possibly use any more taxes.
But that's the last thing they wanna tell you, because
the minute they mentioned that, uh, everybody's gonna quit paying.
And so uh they have to continue this illusion that
the government is depending on your money. And uh, if
they don't continue to get these taxes for you, everything's
all shut down.
Speaker 8: Uh.
Speaker 4: Everything will close, the libraries, the schools, there will be
no police on the street, no fire departments. You know,
they can jure up these horror stories and people panic,
Oh what are we going to do? No fire department
the house will burned down, And of course there's absolutely
no likelihood of any of this, but they got people
so brainwashed that anything that these people say, no way,
how ridiculous it is, it has its immediate effect. During
the Reagan election in nineteen eighty, there was a lady.
She was a relative, and she was a widow, and
she was very comfortably off and she almost had a
total nervous breakdown because the Democrats claimed that if Reagan
was elected, he would shut down Social Security. And this
poor lady, she was about seventy years old, and she said,
they almost wait into total collapse at the horrible prospect.
And here she was actually very well cushioned. She had
an ice home, steady income, and most of her Social
Security checktually put in the bank to give to her
grandchildren later on a part of her state.
Speaker 1: But it was just the.
Speaker 4: She just was so troubled by this that she just
totally went into collapse. And this way people are so
conditioned that they think that all of these myths that
the government turns out. And of course the government went
into public relations in a big way during the nineteen
thirties under the Roosevelt administration. You know, Herbert Hoover didn't
even have a telephone in the White House. And I
don't think they ever thought of anybody doing public relations
for government agencies at that time. This all came about
during the nineteen thirties. And once you set up a
public relations department, it grows. You start off with one person,
then they hire a secretary, then they hire a couple
more people. I had a friend who worked in public
relations at the Department of Commerce, and I think before
you knew it, they had a department of but thirty
or forty people, mostly with nothing to do. But that's
fine too. You get paid and not do any work. Uh, yes,
I would worry.
Speaker 11: Uh you could give us your take on the uh
constiticial aspect of the Federal Reserve.
Speaker 5: You didn't really aggress the day or no.
Speaker 4: I didn't get into that because that's been talked about
so much before. And of course Article one, section eight
specifically designates the Congress shall have the power to coin
money and to regulate weights and measures, all of which
are now been taken over by other agencies. And because uh,
Congress had this power, uh, they really did not have
the authority to delegate it to a private Bank because
that abrogated the Constitution. And of course the Federal Reserve
Actor of nineteen thirteen did not repeal any part of
the Constitution that wasn't part of it and.
Speaker 1: Uh, but it did.
Speaker 4: Give a delegated congressional power was delegated to a private agency,
which ordinarily, when that is done there had to be
special provisions, made, special licenses, and that they'd be held
a strict stanateor performance.
Speaker 1: Well, the Federal Reserve.
Speaker 4: Act of nineteen thirteen gave the Federal Reserve Board total control,
no restrictions. The only restriction was they couldn't buy or
sell the stock because they didn't want invited to buy
it anyway. And they included in the Federal Reserve Act
in nineteen thirteen that all all money printed by the
Federal Reserve, all bonds issued, would be obligations of the
US government. Well, that meant the US government taxpayers, because
the US government, of course had no money. So what
they did the saddled the taxpayers with this enormous burden
of picking up the bill for all this money that
the Board of Governors wanted to print. And we've been
stuck with it ever since.
Speaker 6: Yes, and the fact is that the Federal Reserve has
godn't have been audited.
Speaker 1: Uh.
Speaker 4: No, Congressman de Zales really went after him to be audited.
And the reason that they wanted an audit was as
a stop to the public uh. And the original Federal
Reserve Act of nineteen thirteen, they included a provision that
these selfless bankers who were going to run the federals
air system really didn't want any money. So all the
profits because of course the profits would be enormous from
printing your own money, and that all of the profits
after expenses, uh, with the exception of six percent, would
be turned over to the Treasury. Well, the treasure had
been waiting since nineteen thirteen, right, Wow, whether they have
received any money or not. Someone Uh apparently some token
sums have been paid, but uh, Gonzales said, well, let's
see if they're fulfilling this commitment which was part of
the original act, and if they're not fulfilling it, they
could shut down the whole thing. So every effort to
audit the Federal Reserve, the bill going through Congress, I
think at one time it got up to seventy five congressmen.
It uh got up to forty five one time, and
it hung on and got up to fifty and hung
on and I think finally got up to seventy and
that's it stopped there and never never went any further.
So of course it was never passed. And so it
remains audit well, the the Federal Reserve Banks, which of
course are twelve different banks, and they are businesses, and
they are audited by Price Waterhouse and people like that.
Speaker 6: Right.
Speaker 4: Uh, but that's standard business audit, you know, with the
the your standard U income and uh outgo and so forth.
But apparently there's never any reporting of this supposed money
paid to the US Treasury, and the US Treasury has
never complained about it. Uh, they've never said, looks, we
should be getting more than this pittance, you know, and
uh of all this uh big trillion dollar operation.
Speaker 1: Yes.
Speaker 8: The other thing that happened was before the irs what business,
all these the corporations took out their foundations that we're
all going to be taxed exams.
Speaker 6: So these wheeler dealers that only everything have never paid
a single candy in taxes.
Speaker 1: Oh, absolutely not. John doct John John D.
Speaker 4: Rockfeller led the way with the Rockfeller Foundation and everybody
got in back.
Speaker 1: UH.
Speaker 4: The annual Book of Foundations is an enormous book. It's
this thick you couldn't wait through it. Every family has
got a little business in the United States has a
UH foundation, and of course all it is is tax evasions,
and they generally book a taxed hire some members of
the family to run it, you know, and UH it's
a place where unemployable people can get a job and
they're hard to do nothing, which is a very pleasant
life for them.
Speaker 1: And they run this foundation.
Speaker 4: And so every year they'll make a few small grants
to some disabled students or something like that, and they
get tremendous publicity about this. I mean six or eight
thousand dollars or something like that. And so you would
think it's John D. Rockefeller all over again. But it's
a tremendous trade. It should be closed down because there's
no question that the original idea of foundations, which was
to protect the money of the very rich, that it
should be extended to small businesses throughout the United States.
But they let them get away with it. Because this
all provides employment. You have to have lawyers draw up
the charter of the Foundations. Everybody gets paid and everybody's
happy with theirs else were ever going to get up? Oh,
we needed we certainly got to get our pound of flesh. Yesh,
cause we've we've been uh, we've had to endure this
for so long. Because I really think that when they
set up the original Federal Reserve in nineteen thirteen, that
they probably figured they could only get away with it
for twenty five or thirty years, and so they would
clean up during that time and make enough that it
would make it worthwhile. But I don't think they had
any idea right that we would sit back and and
put up with this for uh uh seventy years.
Speaker 1: Yes, I'm gonna.
Speaker 5: Play double dad a kid and put them.
Speaker 1: A voso al right. Uh.
Speaker 5: The Federal Reserve status as a a prime ory intigator
and war profits here in the investments that they had
in extending any yards cosplay to get to World War War,
War War two and the the theays when we uh Vietnam.
How's that spere with the brevity of the dolphours.
Speaker 4: Well, Uh, the Gulf War had to be uh brief
because didn't have much of an army, and what it
really was was a testing ground for all of our
latest military.
Speaker 1: Smart bombs and so forth.
Speaker 4: It later came out that I think the scot and
the Patriot missiles never really worked at all. But during
the heady days of the war there were all these
wonderful stories about their triumphs. And I think then about
six or eight years later they admitted that most of
them didn't go off, or all of them didn't go off,
I don't know, But no, it was just a grand campaign.
Everybody had a wonderful time, except that Schwartzkof and Colin
Powell were amazed that having this great victory, they didn't
go in and knock off Saddama Sin, because they of
course didn't know that Saddama San was George Bush's partner
and a lot of enterprises, Harkin Oil and so forth,
and in fact, Saddama's partners in a lot of things.
He owns part of the Hashet Corporation, a media conglomerate
in France, which put up twenty five million dollars for
UH John f u K Junior's magazine George. Because you
don't know wealthy person who's dumb enough to put his
own UH money at risk in the publication, they get
it from somebody else and I I think there was
some political advantage for Hashet to make this investment in
the magazine, because the magazine itself was a farce.
Speaker 1: In the time it started. It was never serious.
Speaker 4: I mean, they had this silly picture of George Washington
on the cover and so and uh I think Jeff K.
Junior was happy he uh had some purpose in life.
Uh you know, he was in his thirties and never
had really had a job, so uh uh this would
make being a publisher you're taken very seriously and uh so,
uh this gave him instant status in uh New York
and uh everything went along very well in the magaz
even it's a total joke, always has been. But uh still,
after uh he was killed, they uh decided to keep
it going. I guess enough people are making enough money
out of running it that they didn't wanna give it up.
So it's just kind of coasting along because in New
York you had this ad enormous advertising industry, and I
think they had enough long term advertising commitments that l
it probably just go on for years.
Speaker 1: Yes, you say we have this surplus of money, Oh definitely, yes, yes,
where is it? And is it real money? Yes? Well,
it's as real money, and it's uh, well, it's parked
under various headings.
Speaker 4: I think a lot of it is parked under unfunded
obligations and things like that, so that if you were
uh going through the books, uh you would never uh
uh realize that this is a surpl But there has
to be bookkeeping and it all has to be accounted
for it.
Speaker 1: So I'm sure it is.
Speaker 4: But uh as long as it's uh you know, uh
with fake hittings, uh, that they never have to let
the people know that it's there. That's my personal opinion
about it. That I know that that kind of money
uh would make a dent even in Washington, but uh
it can also be uh guy in in disguise, so
that uh, nobody's gonna call it a surplus.
Speaker 8: I was gonna answer her question that every every bond
issue that's ever been floated in this country for municipality
or water board or anything, it's where those initial funds
came from.
Speaker 6: Then they were invested and kept in the in that corporation.
So for instance, the water District of battle Law.
Speaker 8: In New York could pay the national debt just like itself,
and it's fifteen.
Speaker 6: To brillion buck.
Speaker 4: Yeah, that's been exposed lately. There was a comprehensi the
comprehensive financial statements. So this meant that noncipalities, it gives
these figures, but nobody ever sees them. And the one
guy went around and started checking on him, and he
found out these little towns had forty fifty hundred million
dollars and uh, which.
Speaker 1: They're just sitting on.
Speaker 4: And Uh, everybody has an interest in maintaining the status quo,
never letting the people know that they don't need to
pay their water bills anymore. They got enough money in
the water department for the next hundred years. So the
idea is to keep people mailing in those checks every
month and everything to go along as usual, and the
money just keeps piling up. Yes, and you'll have gold
at fort Knocks.
Speaker 1: Uh.
Speaker 4: Well, I had a friend named Edward Durrell who spent
a lot of money tracing that and he everything that
he found was that the money had was long gone.
Apparently most of his ship to Switzerland. Some in the
Federal Reserve Bank of New York. It was disposed of.
Speaker 8: Uh.
Speaker 4: It's like the Czar's gold in Russia after the Russian Revolution.
Most of that was shipped to New York to the
offices of Kuloa Company and Uhlizard Frere, which was Eugene
Myer's uh home company. Uh that was Paris, France and
New York and Uhlaizard Freres uh specialized in gold movements,
so they would have moved most of that gold.
Speaker 1: And Uh.
Speaker 4: The people who do this sort of thing, they're very
well versed. They know exactly how to do it, move
it to one country to another. And uh there's no
newspaper accounts, no reportage, uh uh about it because the
reporters have no interest in gold movements. They wore wouldn't.
There's no story there, so uh it's un totally unreported.
Speaker 5: You have at commented about how they changes from a
gold based to company to the ok to this feat
money that we now carry is getting more.
Speaker 4: Well, it was done gradually. See when the Federal Reserve
Actor nineteen thirteen pass was passed, the currency was based
on a gold standard, and they began to dilute that
and dilute that. Finally the gold went and it went
to silver, and then the silver was gotten rid of.
But in nineteen forty four, I have it in the
book here. It's when they passed the last restriction that
there should be any precious metal behind the currency. Since
nineteen forty four, it's been paper money issued against paper.
Speaker 1: Bonds, no medal of any kind.
Speaker 4: And that was done during the war, of course, when
no one noticed it, because if you were a good
patriot you wouldn't quibble.
Speaker 1: About things like that.
Speaker 4: Anyway, we wanted to slap the Jap and stun the hunt,
and till we got that done, why you couldn't talk
about the backing of the Federal Reserve viel.
Speaker 1: Now.
Speaker 4: A lot of the propaganda the wars also are very useful.
Like I say, you have Marshall Law.
Speaker 6: Oh yeah.
Speaker 4: And of course I was in the service. I didn't know,
but I understand on the home front that there was
a lot going on. People were spying on each other
and turning each turning their neighbors in because they had
an extra pound of butter and so forth, and a
lot of really vicious stuff going on, and which I
can well. And of course the mafia got into rationing
in a big way and started manufacturing sugar ration coupons
because you see, the bootleggers needed it for their whiskey operations,
so they couldn't go through rationing to run a whiskey operation.
So that mafia decided to fill the bill And of
course the stamps I still have some of They were
little climsy green things, you know, that anybody could print
in their basement. So that mafia printed a lot of them,
billions of dollars worth and sold them all at a
good price, and people gladly paid them because they needed
the sugar to keep them.
Speaker 1: This is going. And it was the same way with
meat rationing and everything else. It was all Uh.
Speaker 4: I think the mafia got into all that eventually because uh,
it was a wonderful way to make money.
Speaker 1: Yes, do you uh?
Speaker 8: Uh?
Speaker 3: I keep rereading the fact that our world, I mean,
you have stock markets and s tremendous gyration three four
or five hundred.
Speaker 5: Points down and up the next day, that the FED
is losing.
Speaker 3: Control, so to speak, and that we will eventually just
have another super crash.
Speaker 5: Uh do you see that in the future.
Speaker 4: No, No, the Federalserve is not losing control at all.
That's uh, As I pointed out. Uh, the Federal Aserve
Act was passed for speculators because they did not have
enough ready cash to engage in the kind of speculations
which would engender the profits that they wanted. So by
giving us an elastic currency in the Federal Reserve Act,
which Paul Warburg stated was the purpose of the Act
was to give us an elastic currency. Well, an elastic currency,
you all know what that's. That's the term rubber check
describes what they want to do.
Speaker 1: And they did it.
Speaker 4: They made it elastic, and once they had an elastic currency,
then they could all speculate like crazy and make millions
of dollars.
Speaker 1: And they've been doing it ever since.
Speaker 4: So the idea that the Federal Serve is losing control
of any of this, I don't think they're losing any
control because the speculators are in charge and they're running
it for their own benefit and running the market up
and down every day and generation because.
Speaker 3: They're so greedy that they run it, run it up,
and then pull the profits and then run it back
up again. Of course, those on the inside know what's
going to happen.
Speaker 4: Oh, they they push it up and down because they
make money both ways. You know, you have short selling,
so you make money on the way down, and then
you buy it back and you make money on the
way back. So they're making money both ways, and they's
gonna keep on doing it. They have all these other
things called warrants and options and various things, and these
are all traded and they're making money off of those. No,
they've got a very good and that's why the market
has generated what Greenspan calls the wealth factor. These are
all money generating operations, and they just keep on. I
have a friend who remodels houses up in New York
State and Connecticut, and he has a perfectly ordinary guy
whom you'd never heard of, but he's in the market
on Wall Street and he's spending five million dollars to
renovate an old farmhouse. Five million dollars and people to
renovate an old farmhouse. And people are doing this all
in that area that with their market profits, they're they're
buying country estates and just building big swimming pools and stables.
And because they have so much money that a perfectly
ordinary person could put five or ten million dollars into
a house, cause they've they've made hundreds of millions with
all these uh things that have been going on, and
so uh, it really was this sort of thing that
uh Greenspan was trying to discourage, but all he did
was to to hurt the small investor. Because the small
investor has been tremendously hurt by uh these market operations.
Speaker 5: That's probably the reason you You probably hit on the reason.
Speaker 1: They hate the small people, oh always, yeah, they hate
us kind.
Speaker 5: Of people, the common so called useless eaters of the world.
Speaker 1: Oh, useless eaters. Yeah.
Speaker 5: And uh so in that case, that really made I mean,
you really hit the name. Only hit there, I think
because they run that thing up and down.
Speaker 3: They they're gonna keep getting wealthier and we're gonna play
the market and day traders and guys.
Speaker 4: Are committing to oh the day trader, the day traders
all losing money. And uh well, as I say, I
heard Lewis ru Kaiser state right on Wall Street week
he said, well, the only reason they're doing this is
because the big boys don't like to see the little
guys getting too much money.
Speaker 1: And it's true.
Speaker 8: That's when I saw him say that, I was still
off my chair and you ever thought he would do that?
Speaker 6: That was part of the controls.
Speaker 4: Well, he is pretty much part of the control He's
been on television longer than any other financial inlets.
Speaker 1: But I think I guess he would just fed up.
Speaker 4: This whole green Span operation was so ridiculous to anybody
who knows anything about Wall Street. This uh uh delusions
of inflation and uh it was all just a money
making operation and that's what it's done. And ru Kaiser
finally decided to uh say something about it. But uh yeah,
I never thought he would say it either. But uh
uh you know he's he's in charge of his program
and he's very secure and uh, I don't think he
had any repercussions at all. What he said was actually
very logical. Yes, the gentleman bleue, that's you a blue shirt.
Speaker 5: Okay, so that depends on if you're not living in fool.
But isn't it also true if they do have a
chink in their armor, and that chink is.
Speaker 11: One word the confidence like nineteen pointy onemrth Germany, thineteen
eighties Brazil, if if bates an incompetence, if any currency
has low when that simple thing, then might you call
lose control?
Speaker 4: Well no, uh uh, there's no confidence in them now.
Milton Friedman, but the best known economists in the United States,
has stated on the editorial page of the Wall Street
Journal a number of times that, uh, every thing that's
happened in the market since the Federal Reserve Act was
passed was the fault of the Federal Reserves. And uh
he say, he states that very bluntly.
Speaker 5: Yeah, that's Milton Freedman.
Speaker 1: That's Milton Freedman. Yeah.
Speaker 5: Right, and he thinks a dollar bill is worth yes,
a dollar bill, a fourth a dollar.
Speaker 1: Yeah.
Speaker 5: Had ever been confidence that tomorrow is gonna be worth
a dollar?
Speaker 8: Oh?
Speaker 1: Yes, you know what I mean, kind not to be
your Oh I understand that.
Speaker 4: But uh, when you say confidence in the uh Federal
Reserve system, I I don't think the average investor has
any confidence in the Federal Reserve system. They don't even
realize it's running everything. Most investors have never heard of
the well, so yeah, they've gotta be confident. Well, most
small investors have probably never heard of the Open Market Committee,
so they don't even know what's going on. No, it's
only the big, really big boys that know about the
open market and what the Federal Reserve is really doing.
Speaker 8: Uh.
Speaker 4: Most small investors, Uh, they massive stocks. They hope to
have a little income, Uh, make a modest gain and
so forth. But UH, they have no concept of how
this whole system works or how it's manipulated by Uh
the elite.
Speaker 6: Is jacking of the currency. Isn't it the full faith
and credit of the American people? In other words, it's
the sweat of our brow.
Speaker 1: Oh it is. Indeed.
Speaker 4: Uh, we're totally responsible for all this money. And as
the Act says, UH, we're totally responsible for it. You
can bet that John D. Rockefeller is not worried about
the value of the dollar.
Speaker 1: Uh. They they got things under control. Yes, what are
your plans for chocial society?
Speaker 4: And do your uh socialist society? Oh cacialist society, Oh
cacialist society. Well, we're pretty much on a casialist society.
Now there's the UH. I think the amount of money
in circulation has uh diminished again mm, because you see
you have American Express is printing almost as much money
as the UH Federal Reserve system, and you got s
so many other things, coupons, all sorts of negotiable instruments,
and UH money is a medium of exchange, and whatever
you've got, if you can exchange it for something, then
it's money, regardless of who prints it. Or whose name
is on it or anything else. But uh, the money
business grows because the economy is growing. And as the
economy grows, do you need more of me in exchange?
So they use travelers checks, they use everything. So I
think that will continue. I think that they will be
more cashlest society in the future because you'll have more
electronic transfers of money. I was surprised that my banks
in my local town. I think I can transfer money
from one bank to another electronically, they don't do it.
It's uh, the small town banks are still but I
think the big banks in New York do it all
the time. They transfer a million dollars electronically, but small
banks are just not set up to do that.
Speaker 1: It's the game, of course.
Speaker 4: I never asked them to transfer a million dollars. I'd
ask them to transfer a thousand maybe, but they said,
we can't do it electronically.
Speaker 1: Yes.
Speaker 5: Do you think that that's going.
Speaker 9: To continue to bump interest rates or do they have
their manned position now where they want them being pushed in.
Speaker 1: The election or well.
Speaker 4: The general consensus that they're printing in the Wall Street
Journal other places is that they've achieved their objectives and
that they don't need this other five rate increases. And
of course they're playing with fire because they could always
trigger a real crash. Cause there again is the confidence factor.
Uh when people get scared, to get scared, and it's
a mass, uh, a mass phenomenon. So they don't wanna
trigger that.
Speaker 8: Uh.
Speaker 4: They would love to maybe put in one or two
small increases and just make a little extra money, but uh,
they can get by without it, and I think they will.
Speaker 5: I think the rise in interest for the energy prices,
what you introd? They what what the rise and energy prices?
Speaker 4: Oh, the energy prices are an essential part of it.
That's uh, that's uh part of the double hammy. They
put the squeeze on you through four ways. They raise
food prices, they raise energy prices. Uh, they raised interest rate.
And the purpose of all of this is more money.
That's the only purpose it is is to charge you
more for uh the goods that you Ah.
Speaker 10: Yes, well, that consumer price index, that's a real fraud
because oh yeah, food and the medical is part of
the fees and most of us are medical insurances going
up fifteen to twenty thirty percent a year.
Speaker 1: Oh yes, and.
Speaker 5: That's not even included, so they don't have to pay as.
Speaker 3: Much social Security when it's only one point three percent inflation,
when it's probably closer to six or.
Speaker 5: Seven or ten.
Speaker 4: Oh, that's true. Yes, and no, the CPI has been
criticized for years. That's totally out of touch with reality.
But the government relies on it and Wall Street relies
on it, so they'll continue to use it.
Speaker 3: There's social security. If the retired people are you know,
they see things going up. The farmers are not getting there.
They're getting two cents for new potatoes digging right now,
and they're twenty five.
Speaker 5: Cents a pounds in the store.
Speaker 3: Oh yes, and so that they can give away the
raw commodities literally and it wouldn't make any difference as
far as the price is in the store.
Speaker 1: Oh, that's absolutely true. Yes, it's all locked in. Yes.
Speaker 5: Could you explain more about North End?
Speaker 1: Oh? North End?
Speaker 4: Yeah, Well, I don't want to get into North End
too much because here we're talking about Federal Reserve and
there is much to say about North Ed. It's kept
that they are trying to provide a new and different
currency to the American people, and it's perfectly legitimate, and
if more people use it and exchange it for goods
and services. They've had other plans like that in Ethnica,
New York that the Institute displanned about twenty five years
ago that in that area they would print money and
exchange it for local goods and services. And all the
merchants used it and they paid their bills with it,
and so it's been very satisfactory. Any of these plans
will work as long it's accepted in that area. But
then to go beyond that area, you've got to educate
people in other areas that it is legitimate medium exchange course.
Speaker 1: That takes some doing, takes some time. Oh, thankful the
local areas. Yeah, local areas, that's the way they do
it now. Yes, this happening earlier.
Speaker 7: When or in the other one that you seemed pretty
optimistic that the American people would be able to overcome
this power ground that's been going on for so long.
And I was just wanting to be more specific as
to why we shoul be optimistic.
Speaker 5: I mean, it seems like they're pretty in French.
Speaker 6: And and and maybe maybe if you be specific as
to as to how you think.
Speaker 4: This whole thing's gonna break up and when well, I'm
optimistic because I put it out that in the face
of everything the government and the corporations are done to
prevent this prosperity that we have at the present time,
what they call the new economy, that uh, the people
that just dug in and worked harder and produced more.
And I think that, uh, overall, it's amazing that we've
survived at all. I think that's optimism in itself. And
that we could even have a meeting like this because uh,
you can bet that the uh, the elitists would rather
not see any meetings like this, but they go on
and uh people get together and exchange ideas and talk
about the future. But as far as specific point by point,
I don't have anything at the moment.
Speaker 6: Well, do you do you think that that we will
ever depose these needle Oh?
Speaker 4: I think so, maybe by attrician because as they get
older and richer and more incompetent.
Speaker 1: Uh.
Speaker 4: You see, the younger generation, what they call the present
generation of Rockfellers, UH, has shown proctly no interest in
taking an active role in power.
Speaker 1: UH.
Speaker 4: David Rockfeller is almost the last of the line, and
his brother Lawrence is still a director of National Geographic
and Readers Digest, the two largest magazines in the United States,
so they're keeping their hand in. But uh the direct
personal control is kind of passing out of these families,
mostly due to the fact that the younger generations are
too spoiled and too uneducated to ever do anything except
uh live on the money.
Speaker 1: That they have.
Speaker 6: Mm.
Speaker 4: So uh uh you know there's a power vacuums are
being created, m and I think that these families are
not filling it and that other people will move in
and uh began to exercise some power of your books.
Speaker 5: You mentioned the council was fired.
Speaker 4: Yeah, the Council of Five l changes. Oh there's those
changes in that. Uh they still represent the same power sources,
but uh that's uh personal changes almost uh well every
a couple of years because uh the people on that council,
Uh at the time that I wrote about it, they
w uh they're probably well. Guide to rothschild was one
and I think he's died now. And uh uh there again,
attrition takes its uh toll and that uh uh it's
it's harder and harder to find uh good replacements, cause
there's got to be ability to be on uh council
like that and decide though, uh, world programs what they.
Speaker 1: Have to do.
Speaker 8: Yes, we were we were sitting here discussing during when
you were having a break, and we were saying.
Speaker 6: How there's no young people in the world with clients.
There's no young people.
Speaker 8: Anywhere anymore, and and we were saying, how that they
have been so dumbed down.
Speaker 5: The oh yeah, py U streets.
Speaker 6: Bears out they're not here. But it's really refreshing to
think that the rocket doellers are have the same problem.
Their kids don't give him grants.
Speaker 1: Oh, that's absolutely true, no question about it.
Speaker 6: Good.
Speaker 1: Oh, that's the good part.
Speaker 5: That's a good part.
Speaker 4: Well, the other part is that some of yo, so
many young people are getting interested in the Internet. Yeah,
because there it's quick information and they don't have to
go to the library's study for years and so forth.
So uh uh I I think young people will be
get will be more interested in through the computers more
than anything else. And uh that's a very promising sign.
But uh, you know, it's like the Berlin Wall. Nobody predicted,
no government official ever predicted that that was gonna fall.
They claimed to be totally surprised. The CIA and so forth,
And in fact they were quite disappointed because of course
all of the support for communism has come from this
country anyway. The CIA and the Federals are bank in
New York, so they would like to see in the
wall stamp forever. But the people over there just got
fed up with it and said we're going to tear
this down. And when they did, nobody stopped them. And
that sort of change can happen here at any time.
It's really people just get fed up, say well, I've
put up with.
Speaker 1: This for thirty eight years and tomorrow it's over over.
Speaker 8: When we come out of the system, Well, we would
you take part in the system any longer? Way?
Speaker 4: Oh, definitely yes. Any independence at us ARET is a
positive step towards the future. People not paying taxi is
I go to the court and challenge the government on
a challenge ours or anybody, and they're really dumbfounded because
you're not supposed to be able to afford it in
the first place. They have the legal system set up
to talk to a lawyer about anything. You got to
put fifteen or twenty thousand dollars up before you even
do anything. Well, you can go right down the court
and file your own case for one hundred and fifty
dollars and then you're in business. The court has to
hear it and you could file any motion that you want.
I used to be very creative on my motions. I'm lucky,
oh yeah, and I used to file things that really
drove will because they weren't equipped to handle it. They
hadn't seen anything like that. What they had was a
very mundane, routine business that filed motions two sentences long.
You know, for the money they were charging, they could
have done a little more work, but they had gotten
a customed not to doing any work a nine or
twelve page motion, And in law you've got to be
very careful because one comma can change everything. So they
had to wade through all the stuff with a vine
tooth call and tried to decipher my references in foreign
languages and all that sort of. And I was having
great fun with the whole thing. So, like George Gordon said,
if you're in court and you're not having fun, you
shouldn't be there.
Speaker 10: You were listening to the fact under radio network, just
the facts.
Speaker 1: Mammy