Title Page
Table of Contents
Author
Copyright
Preface
Acknowledgements
Introduction
Section I
Chapter One
Concentration of Wealth
Destination Jekyll Island
The Story Is Confirmed
The Structure Was Pure Cartel
The Spector Of Bank Failure
Currency Drains
A Bankers' Utopia
The Cartel Adopts A Name
The Real Daddy Warbucks
The Method Was Plain For Those Who Understood
Myth Accepted As History
First Reason To Abolish The System
Summary
Chapter Two
Rules Of The Game
The Perpetual-Debt Play
The Debt Roll-Over Play
The Up-The-Ante Play
The Rescheduling Play
The Protect-The-Public Play
The Guarenteed-Payment Play
Prosperity Through Insolvency
The FDIC Play
Real Insurance Would Be A Blessing
The FDIC Will Never Be Adequately Funded
Summary
Chapter Three
Penn Central
The Public Be Dammed
Lockheed
New York City
Chrysler
Commonwealth Bank Of Detroit
First Pennsylvannia Bank
Continnental Illinois
World's First Electronic Bank Run
The Final Bailout Package
Small Banks Be Dammed
The Subprime Meltdown
Collapse Of The House Of Cards
$700 Billion Bank Bailout (Or Was It $5 Trillion?)
Billions For The Auto Makers
Taxpayers Pay To Send Their Jobs Overseas
Merrill Lynch: A Gift to The Bank Of America
An Icon For Conflict Of Interest
Bonuses Become A Distraction
The Repayment Scam
Nationalization Becomes A Reality
The System Already Is Global
The Saga Continues
Second Reason To Abolish The Federal Reserve
Summary
Chapter Four
Socialism Takes Root In America
A House On Every Lot
Abandonment Of The free Market
Insurance For The Common Man?
Full Faith And Credit
An Invitation To Fraud
The Fallout Begins
The Fed Usurps The Roll Of Congress
The Estimates Are Slightly Wrong
Bookkeeping Slight Of Hand
Accounting Gimmicks Are Not Fraud
Junk Bonds Are Not Junk
Capital Growth Without Bank Loans Or Inflation
Real Problem Id Government Regulation
Congress Is Paralyzed, With Good Reason
A Cartel Within A Cartel
Summary
Chapter Five
Bretton Woods: An Attack On Gold
The Fabian Society
Communist Moles
IMF Structure And Funding
Paper Gold
Gold Is Finally Abandoned
Trade Deficits
The Counterfeit Option
IMF Loans: Doomed but Sweet
The Hidden Agenda: World Socialism
Austerity Measures And Scapegoats
Financing Corruption And Despotism
Financing Famine And Genocide
Reason To Abolish The Federal Reserve
Getting Rich Fighting Poverty
Converting Money Into Failure
Summary
Chapter Six
The Final Play
CFR Sets Strategy
A Rare Glimpse Into The Inner Workings
Panama
Mexico
Currency Swap
Debt Swap
IMF Becomes Final Guarantor
Brazil
Argentina
The Need For Convergence
China
The Great Deception
Communists Become Social Democrats
Eastern Europe
Russia
Business Ventures in Russia Insured By U.S.
The Conspiracy Theory
Summary
Endnotes Section I
Section II
Chapter Seven
What Is Money?
A Working Definition
Barter (Pre-Money)
Commodity Money
Metals As Money
The Supremacy Of Gold
The Misleading Theory Of Quantity
Gold Guarantees Price Stability
Cigarettes As Money
Natural Law No. 1
Expanding The Money Supply By Coin Clipping
Gold Is The Enemy Of The Welfare State
Real Commodity Money In History
Bad Commodity Money In History
Receipt Money
Natural Law No. 2
Summary
Chapter Eight
Fiat Money
The Colonial Experience
A Classic Pattern
The Printing Press And Inflation
A Blessing In Disguise
Tobacco Becomes Money
War Brings A Return Of Fiat Money
And A Massive Inflation
Inflation Is A Hidden Tax
Enter Price Controls And Legal Tender Laws
Enter Economic Chaos And Insurrection
Natural Law No. 3
Fractional Money
Deposits Are Not Available For Lending
Fractional-Reserve Banking
Creating Money Out Of Debt
Natural Law No. 4
Summary
Chapter Nine
The Bank Of Venice
The Bank Of Amsterdam
The Bank Of Hamburg
Early Banking In England
The Bank Of England
The Secret Science Of Money
From Inflation To Bank Runs
The Pattern Of Protection Was Set
Booms And Busts Now Guaranteed
In Defense Of The Gold Standard
Depression And Reform
The Roller Coaster Continues
The Mechanism Spreads To Other Countries
Summary
Chapter Ten
The Federal Reserve Is Candid
Money Would Vanish Without Debt
What's Wrong With A Little Debt?
Third Reason To Abolish The System
Who Creates The Money To Pay The Interest?
Understanding The Illusion
The Mandrake Mechanism: An Overview
Debt
Money
The Discount Window
The Open Market Operation
The Mandrake Mechanism: A Detailed View
Government Debt
Securities Asset
Federal Reserve Check
Government Deposit
Government Checks
Commercial Bank Deposits
Bank Reserves
Excess Reserves
Bank Loans
More Commercial Bank Deposits
Bank Fiat Money = Up To 9 Times National Debt
Total Fiat Money = Up To 10 Times National Debt
Hidden Tax = Up To 10 Times The National Debt
Booms, Busts, And Depressions
Reserve Ratios
National Debt Not Necessary For Inflation
Taxes Not Even Necessary
Fourth Reason To Abolish The System
A Tool For Social Planning
Redistribution Of Wealth
Expansion Leads To Contraction
Summary
Addendum: Debt-Cancellation Programs
Endnotes Section 2
Section III
Chapter Eleven
The Profits Of War
The Rothschild Dynasty
A Fortune In Smuggling
Napoleon vs. The Bankers
A Plan To Destroy The United States
Gold For The Duke Of Wellington
The Battle Of Waterloo
Sidonia
The Formula
Perpetual War In Eighteenth Century England
Summary
Chapter Twelve
An Investment In War
Germany's U-Boats Almost Won The War
Colonel House
A Secret Agreement To Get The U.S. Into War
Selling War To The American People
Morgan Control Over Shipping
The Lusitania
Churchill Sets A Trap
A Floating Munitions Depot
The Final Voyage
A Mighty Explosion, A Watery Grave
A Hurried Cover-Up
The Cry For War
Summary
Chapter Thirteen
Trotsky Was A Multiple Agent
The Secret Society
Ruskin, Rhodes, And Milner
The Pattern Of Conspiracy
Round Table Agents In Russia
An Object Lesson In South Africa
Placing Bets On All Horses
British Agent Of The Round Table
American Agent Of The Round Table
Summary
Chapter Fourteen
Russia's Two Revolutions
Popular Support Was Not Necessary
Notes From Lincoln Steffens' Diary
Wolves Behind The Mask
Additional Background: The Deaf Mute Blindmen
A Side Trip Through World War II
The Transfusion Mechanism
The New Alchemy
Fifth Reason To Abolish The System
Summary
Endnotes Section 3
Section IV
Chapter Fifteen
Paper Money In The Colonies
Wartime Inflation
Price Controls And Legal-Tender Laws
The Constitutional Convention
A Suggestion For Your Congressman
The Origin Of The Dollar
Bimetallism
Free Coinage
Sound Money And Economic Prosperity
Summary
Chapter Sixteen
Functioned As A Central Bank
An End Run Around The Constitution
The Hamilton-Jefferson Conflict
America's Second Central Bank Is Created
The Creature Comes From Europe
Inflation All Over Again
Wildcat Banks
An Instrument Of Plutocracy
The War Of 1812
Juggling Tricks And Banking Dreams
Summary
Chapter Seventeen
The Second Bank Of The United States
The First Boom-Bust Cycle
The Cycle Is Worsened By Government Interference
The Supreme Court Upholds The Bank
Nicholas Biddle
Jackson Overrides Congress
The Bank Controlled By Foreign Investors
Biddle's Control Over Congress
Jackson Appeals Directly To The Voters
Jackson Removes Federal Deposits
Biddle Deliberately Creates Monetary Chaos
Jackson Is Censured By The Senate
Biddle Defies Congress
Some Bad Mixed In With The Good
Summary
Chapter Eighteen
Proposal To Base Money On Bank Assets
Proposal To Protect Deposits With A Safety Fund
Proposal To Base Money On Securities
Proposal To Back Money With State Credit
The Mirage Of Free Banking
Industrial Expansion In Spite Of Dishonest Banking
The Union In Jeopardy
Legal Plunder, Not Slavery, The Cause Of War
Mexico And The Monroe Doctrine
Summary
Chapter Nineteen
Russia Aligns With The North
The Emancipation Proclamation
Raising Armies On Both Sides
Rebellion In The North
Income Taxes And War Bonds
The Greenbacks
Lincoln's Mixed View Of Banking
The National Banking Act
The Hidden Cost Of War
Lincoln's Concern For The Future
With Malice Toward None
Knights Of The Golden Circle
John Wilkes Booth
Summary
Endnotes Section 4
Section V
Chapter Twenty
And Still More Booms And Busts
Morgan Prospers When Others Fail
Junius Morgan Selected By Peabody
Americanizing The New York Branch
Concealed Alliance With Rothschild?
Rise Of The House Of Morgan
Morgan And The Panic Of 1857
Anti-Semitism Was Profitable
England Faces A Dilemma
England In Depression
Problem Of American Prosperity
Secret Meeting Of 1927
Bringing Down The Dollar
The British-American Union
Summary
Chapter Twenty-One
Half-Way House To Central Banking
Trusts And Cartels Replace Competition
The Aldrich-Vreeland Act
The Jekyll Island Plan
A Central Bank By Any Other Name
The Aldrich Bill
Turning The Opposition Against Itself
The Pujo Committee
Enlisting The Help Of Academia
Wilson And Wall Street
Opposition To The Aldrich Bill
Summary
Chapter Twenty-Two
The Bull Moose Candidate
The Money Trust They Love To Hate
The Role Of Colonel House
Death Of The Aldrich Plan
The Glass-Owen Bill Emerges
Bankers Become Divided
The Pretense Is Dropped
Bryan Makes An Ultimatum
An Amazing Revelation
Bryan Endorses The Bill
Summary
Chapter Twenty-Three
Consolidation Of Power
Return Of The New York "Money Trust"
Bailing Out Europe
Agents Of A Higher Power
Farmers Become Duck Dinner
Building The Mandrake Mechanism
When Banks Borrow From The Fed
Banker's Acceptances
Warburg And Friends Make A Little Profit
Congress Suspicious But Afraid To Tinker
Paying For World War I
The Emergence Of Government Debt
The "Discovery" Of The Open Market
Drowning In Credit
Booms And Busts Made Worse
The Roller Coaster
Sixth Reason To Abolish The Fed
Tulipomania
Tulips In The Stock Market
Banks Become Speculators
The Final Bubble
Advance Warning For Members Only
A Message Of Comfort To The Public
The Duck Dinner Begins
Natural Law No. 5
From Crash To Depression
Summary
Endnotes Section 5
Section VI
Chapter Twenty-Four
Mired In Debt
The Doomsday Mechanism
Who Owns The National Debt?
What Difference Does It Make?
The New World Order
America Is The Target
The Report From Iron Mountain
A New Definition Of Peace
A Sophisticated Form Of Slavery
Blood Games
Finding A Credible Global Threat
The Environmental-Pollution Model
Authenticity Of The Report
Environmentalism A Substitute For War
Humanity Itself Is The Target
Gorbachev Becomes An Ecology Warrior
U.S. Branded As Ecological Aggressor
A Plot For Economic Crisis
Summary
Chapter Twenty-Five
A Banking Crisis
To Save The Banks Is To Save The World
Panic Averted
A Real Run On The Banks
Bank Bailout And More Inflation
New Money
The Rise Of Revolutionary Movements
Homes Are Nationalized
Wage–Price Controls And Work Armies
No Taxes Or Inflation Or Depressions
Effect Of "Modest" 5% Inflation
High-Tech Feudalism
Voices From The Past
Education As A Tool For Human Engineering
Back To The Future
The Function Of Waste In Modern Totalitarianism
Regionalism As A Transition To World Government
How Fixed Is The Future?
Summary
Chapter Twenty-Six
Seventh Reason To Abolish The Fed
What Must Not Be Done
The JFK Rumor
Monetarists Vs Supply-Siders
Balanced-Budget Amendment
A Plan For Eliminating The Fed
Measuring The Size Of The Hangover
Bad, But Not That Bad
Some Bad News And Some Good
How To Prepare
Profiting From Disaster
A Pro-Active Crusade
What Will Be Required For Victory
Conclusions And Summary
Endnotes Section 6
Appendix
NATURAL LAW NO. 1
NATURAL LAW NO. 2
NATURAL LAW NO. 3
NATURAL LAW NO. 4
NATURAL LAW NO. 5
Bibliography
Index

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