You will see that I have only responded in WWII threads where the topic of British Imperial actions was wandered in to. Look at who financed Hitler and you will find the fingers of British Finance capital. Sometimes in politics, there is too much ‘information’ and the true issue gets clouded.
Now,
but on the “he who controls the finance controls the world” theme, how do you explain the British conspiracy against America resulting in America under FDR abandoning the gold standard; America under Nixon repudiating the Bretton Woods agreement to advantage America in its deteriorating position vis a vis gold backed dollars; and America under Bush the Lesser invading Iraq when Iraq threatened America’s currency backed by oil instead of gold when Iraq decided to be paid for Iraqi oil in Euros rather than USD?
Is it really far-fetched to say that a small group of elites who control the top banking firms of The City of London and Wall Street, actually control the world?
Perhaps I should call them ‘Offshore Bankers’, like the Pirates of old who did not have a country, the deck of their ship was their country.
Look at any major industrial operation, before the machines start to produce, the firms must first secure lines of credit. Who sets that financial policy?
Allow me a brief history discussion and then I will address the excellent question above.
The British Empire launched an attack against the USA in 1892. Yes, 1892. At that time US currency could be exchanged for either gold or silver from the US Treasury. The catch was that the gold and silver could not be taken out of the country. In 1892 the British banks exchanged their US dollars for gold and silver and kept the metal in their vaults. They did not need to spend it as they had income sources from other parts of the Empire.
This action resulted in an almost immediate credit crunch. Large scale industrial firms could not get the loans they needed because the US government did not have the metals to cover the paper. The effect was over 20% unemployment in the USA at a time when our factories should have been going full tilt to produce things to build this new nation.
By 1895 Grover Cleveland had to call the King in Britain and surrender. The British conditions: drop the National Bank and replace it with the privately owned Federal Reserve, under the control of JP Morgan (who was a British asset)
From that time on, the Banks create the US currency and loan it to the US Government at interest. Figure they take 2-3% off the top of every US dollar. Oh, and who’s portrait is in the $1000 Bill? Oh yes, Grover Cleveland.
So, how does this get us to Bretton Woods?
Well, up to the Bretton Woods system, all currencies of the world were pegged to the British Pound and the Pound was pegged to Gold. Good system except for one catch, in the aftermath of WWI the British Chancellor of the Exchequer, Winston Churchill, set the value of the Pound too high. The result was that in September 1931 the British defaulted on their gold payments and the real turmoil of the Great Depression went into high gear.
This leads us to Bretton Woods in New Hampshire in 1944. Under the agreement, the US Dollar would be fixed to an ounce of gold at $35 and the rest of the world would peg their currencies to the Dollar. Not a bad system, the US was a growing, strong, diversified and continental economy. The cost of a US postage stamp for first class stayed stable at 3 cents from 1933
to the late 50’s;a good indicator of the dollar’s ability to hold earned wealth income.
Then there was the outrageous deficits caused by Vietnam and the system came crashing down in the early '70’s under the weight of the debt spending. Oil also comes into play here too. With all oil in the world valued in Dollars, the Bankers of Wall Street,and also London with their Exchange, were able to skim close to 12% off the top of all Dollar to Oil purchases.
Ok, so this now brings us to the present day and the current world financial (Banker) Crisis. Oh, first do a little research and discover that the banks of the City of London surpassed Wall Street in the early 2000’s to become the world’s largest center of finance. London did this by removing just all restrictions on Reserve Ratios for banks. (hint: Derivatives)
The Dollar is in crisis, the Euro is in worse shape as the housing bubble in Europe was even larger than in the USA (UBS:bad news)
But, waiting in the wings is still the British Pound, thanks to George Soros who de-pegged the Pound from the German Mark in the early 90’s.
Crash the world financial system, destroy the United States of America through crushing debt, bring back the Pound as the ‘Savior’ and the Empire shall rise again.
Not a bad plan, actually.
(yes, this needs to be fleshed out more but I am too tired tonight to get into all of it)