for Quiet Wars
The Elkhorn Manifesto
"Occult" Power Fortress
Elders of Zion
The Delphi Technique
Skull & Bones
The Clinton Chronicles
The Occult Technology of
"The people gaze fascinated at one or two familiar superficialities, such as possessions, income, rank and other outworn conceptions. As long as these are kept intact, they are quite satisfied. But in the meantime they have entered a new relation: a powerful social force has caught them up."Hitler
The most secret knowledge, a science which outdates history, is the science of control over people, governments and civilizations. The foundation of this ultimate discipline is the control of wealth. Through the control of wealth comes the control of public information and the necessities of life. Through the control of news media comes thought control. Through the control of basic necessities comes direct physical control
An Anonymous Transcriber
In this thin volume you will find the transcripts of your initiation
into the secrets of my empire. Read them again, not for the arcane
knowledge which is now second nature to you, but in order to re-
experience the shock and awe you felt twenty years ago when at age
thirty the fabulous scope of my power was revealed to you by my trusted,
and now, mostly departed advisors. Remember the surprise to the point of
disbelief, with which you beheld the invisibly delicate, but invincible
chains of deceit, confusion, and coercion with which we finance
capitalists enslave this chaotic world, Remember the feats of will and
strategy that have been required to retain our position. Then, inspect
your retinue carefully. Your heir must be equal to and eager for the
task, much as you were. Choose him carefully. As I lie here waiting for
the end, I can afford to relish the thought of our empire lasting
forever as I never dared while in charge. Rational power calculations,
so easily disrupted by the thrills of power, are now entirely in yourhands.
Introduction To Your Initiation
1. Professor A. on the Role of Fraud in Nature
2. Professor Q. on Occult Knowledge as the Key to Power
3. Professor M. on the Economics of Central Banking
4. Professor B. on the Functions of the Central Bank in the Mature Finance Capitalist System
5. Professor G. on Social and Business Legislation and Policy
6. Professor D. on the Role of Public Education
7. Professor X. on Prestigious Associations and Secret Societies
8. Professor Y. on Convert Operations and Intelligence
Afterward by the Transcriber
INTRODUCTION TO YOUR INITIATION
My son, the time has arrived to make formal what you have confidently
awaited for some years. Of all your brothers, sisters, and cousins, as
well as the offspring of my close allies, I have chosen you to be heir
to my empire. All the trust funds, foundations, and accounts through
which my empire is controlled shall pass into your hands upon my
retirement. All my alliances, understandings, and enmities with my
handful of peers around the globe shall gradually become yours. Over the
next twenty years we shall collaborate closer and closer, you and I,
until, we finally act as one.
For ten years you have toured my empire in a succession of managerial
assignments and are now familiar with the outward operations of my
crucial banking, foundation, governmental, and think-tank organizations.
Until now, my advisors and I have deflected your questions as to how and
if my diverse operations and holdings, which seem autonomous and even
contradictory, are integrated into an organic whole to serve the
dynasty's interests. The fact that you asked these questions, rejecting
my carefully nurtured public image as an idle, coupon-clipping
philanthropist, was a major factor in the high esteem in which I hold
you. Most of your competitors found puppet leadership in any one of my
organizations so awesome and gratifying that they immediately eliminated
themselves from the contest for the top position which you have won.
Such men of limited vision are necessary for my success. They bend
unconsciously to the subtle pressures to which I expose them. They can
be led in any direction I choose by simple-minded rationalizations aimed
at their vanity without being privy to my motives which would be short-
lived secrets in their undisciplined and envious minds.
Most important in your selection as my successor, however, was your
psychological nature which has been faithfully reported to me over the
years by my associates many of whom have advanced psychological
training. A man in my position must have total mastery over his emotions.
All actions affecting the power of the dynasty must be taken on the
basis of coldly reasoned power calculations if the dynasty is to survive
and prosper at the expense of its subjects and rivals. All power is
impossible to those whose pursuit is ruled by sentimentality, love,
envy, power-lust, revenge, prejudice, hatred, justice, alcohol, drugs,
or sexual desire. Sustained power is impossible to those who repress all
their irrational longings into their subconscious only to have them
return in compulsive, out-of-control behavior that inevitably leads to
their ruin. Although often clothed in the rationalizations of power
calculation, compulsive behavior is, at root, the emotionalism of a
frightened child, desperately projecting his inner agony into a reality
he is afraid to understand, much less master.
Although you now must begin to pursue it consciously, you have already
displayed the alienation from your emotional nature that is so essential
to achieving real worldly power. You must recognize your emotional
nature as a primitive survival mechanism that was appropriate for the
jungle and perhaps useful to common men, but useless for the tasks that
confront us finance capitalists. Attachment to what you do, just because
you do it, is the primary psychological characteristic of ordinary
mortals. Such cognitive dissonance spells disaster for us. Our emotional
mechanism makes our lives worth living, but is no guide to the occult
arts of intrigue. So, continue to gratify your senses and emotions fully
at your leisure. As long as the empire prospers you will have the
resources to indulge in systematic gratification which will leave your
irrational urges sated and, therefore powerless. You will never be in
the unenviable position of the middle class strivers who must, from lack
of resources, repress their emotional natures if they are to attain any
power whatever during their lives. Typically, they end up taking their
pleasure from the victories and cruelties of their struggle. Thus, their
end ceases to be power and they eventually defeat themselves with
reckless behavior in pursuit of dominant thrills.
I have brought you into seclusion with my most trusted advisors in order
to inaugurate a new phase of your instruction. Your formal training in
the "official" political-economic world is now complete. This weekend
will mark the beginning of your training in the occult technology of
power that lurks behind outer appearances. As your tutors will explain,
"occult" or secret knowledge is the basis of all power in human society,
so I use the word "occult" advisedly, in its pristine usage. As I am
sure you are aware by now, productivity in itself does not secure power
and therefore does not secure the gratifications of life. After all,
slaves can be productive. None of my organizations in which you served
so well are concerned with advancing the techniques of satisfying human
needs and desires. Rather, all are dedicated to the surreptitious
centralization of productive, but especially coercive, efforts in my
hands or in creating the intellectual climate in which such veiled
control would be tolerated in the future. I destroy or paralyze
productive efforts that cannot be ensnared in my web.
After a break Professor A. will take the floor in order to put finance
capitalism into full biological perspective. His short talk will be
followed by similar abbreviated summaries by his six associates, all of
whom you know well. The rest of the weekend will be devoted to
forthright fielding of your questions.
PROFESSOR A. ON THE ROLE OF FRAUD IN NATURE
Organisms typically base their success primarily on deception and rely
on actual force or mutually advantageous trade (symbiosis) as little as
possible. This should be nearly self-evident, but is generally
overlooked due to the moral codes we elitists foist on our subjects.
me give a few examples in case the moral culture has to some extent
impaired your powers of objective observation. Camouflage is universal
among predators and victims alike. Blossoms imitate fragrances and
colors which are sexually attractive to certain insects in order to
effect pollination. Dogs bark ferociously and feign attack on enemies of
whom they are, in fact, terrified. The Venus Fly Trap plant lures flies
to their deaths. Men proclaim their altruism to others and even
themselves while they selfishly scramble for personal advantage. If you
doubt that fraud is normal in nature you should read Section 3 of
Chapter 1 of Robert Ardrey's "The Social Contract" for a wealth of
fascinating examples. (Of course Ardrey fails to grasp the full
application to contemporary human society of his brilliant insights into
man's animal nature.)
Human mental prowess and communicative powers have merely provided
superb elaboration on nature's old theme of fraud, and added its own
distinctive feature: self-delusion. Primitive animal hierarchies are
based on bluff and bluster, and each member is well aware of and
accepts, at least temporarily, its position in the hierarchy. The same
wild enthusiasm and fascination for dominance and submission rages in
human hearts. However, fraud is taken one step further. Not only is
fraudulent bluff and bluster used to achieve dominance but fraudulent
altruism and collective institutions are used to conceal dominance once
Human hierarchies, in contrast to the animal variety, are best
sustained when the members are deluded regarding the oppressive nature,
or better, even the very existence of the hierarchy!
Visible rulers are highly vulnerable. Thus we see visible rulers
claiming to be representatives of God, the common good, the material
forces of history, the general will (either through vote or intuition),
tradition, or other intellectual "spooks" that serve to lessen the envy
of the ruled for the rulers. Encouraging such self-delusions among the
masses of the ruled is universal for visible governments. However, such
spooks are little protection for the leaders of such systems against
their sophisticated elite rivals and no protection against men like your
father. The Roman Empire was unquestioned by the mass of its subjects
for centuries, but the Emperors lived in constant fear of coup and assassination.
By embracing deception wholeheartedly at every level, finance
capitalism, or rule through money, has fashioned the ultimate system yet
devised for the secure exercise of power. Men like your father, the
hidden masters of finance capitalism, govern those who govern, produce,
and think through invisible financial tentacles, the operations of which
will be elucidated later by my colleagues. Dominance in all aspects of
society is surreptitiously accomplished while the great majority of the
ruled, and even most of the visible leaders, believe themselves to be
fairly autonomous, if harried, members of a pluralistic society. Nearly
everyone believes major decisions to be the vector sum of autonomous
pressures exerted by business, labor, government, consumers, social
classes, and other special interests. In fact, the vectors of societal
power are carefully balanced by us so that any net movement is in a
direction chosen by us. The only fly in the ointment is the occasional,
but extremely messy, interferences by competing financial dynasties.
This disconcerting problem will not be a major topic for this weekend.
I now yield to Professor Q. who will elucidate the central secrets of
your father's immense money power.
PROFESSOR Q. ON OCCULT KNOWLEDGE AS THE KEY TO POWER
Throughout history, secure ruling elites arise through secret, or
occult, knowledge which they carefully guard and withhold from
outsiders. The power of such elites or cults diminishes as their occult
knowledge is transformed into "scientific" knowledge and vanishes as
soon as it becomes "common sense." Before analyzing the secrets of the
finance capitalist money cult, let us glance for historical perspective
at occult astronomy, the oldest source of stable rule known to man of
which astrology is but the pathetic remnant.
As soon as men abandoned the life of wandering, tribal hunters to till
the soil they needed to predict the seasons. Such knowledge was required
in order to know when to plant, when to expect floods in fertile
valleys, when to expect rainy seasons, and so on. Months of back-
breaking work were wasted by the unavailability of the calendar, a
convenience we take for granted. The men who first studied and grasped
the regularities of sun, moon, and stars that presage the seasons had a
valuable commodity to sell and they milked it to the fullest at the
expense of their credulous fellowmen. The occult priesthood of early
astronomers and mathematicians such as the designers of Stonehenge,
convinced their subjects that they alone had contact with the gods, and
thus, they alone could assure the return of planting seasons and weather
favorable to bountiful harvests. The staging (predicting) of solar and
lunar eclipses was particularly effective in awing the community. The
general success resulting from following the priesthood's tilling,
planting, nurturing, and harvesting time tables insured the priesthood's
Today's Christmas-holiday season continues the tradition set by
ancient priesthood, who conducted rituals on the winter solstice to
reverse the retreat of the sun from the sky. Their invariable success
was followed by wild celebrations. Popular knowledge of seasonal
regularities was discouraged by every manner of mysticism and outlandish
ritual imaginable. Failures in prediction were blamed on sins of the
peoples and used to justify intensified oppression. For centuries,
people who had literally no idea of the number of days between seasons
and couldn't count anyway cheerfully gave up a portion of their
harvests, as well as their most beautiful daughters, to their "faithful
servants" in the priesthood.
The power of our finance capitalist money cult rests on a similar secret
knowledge, primarily in the field of economics. Our power is weakened by
real advances in economic science. (Fortunately, the public at large and
most revolutionaries remain totally ignorant of economics.) However, we
established money lords have been able to prolong and even reverse our
decline by systematically corrupting economic science with fallacious
and spurious doctrines. Through our power in the universities,
publishing, and mass media we have been able to reward the sincere,
professorial cranks whose spurious doctrines happen to rationalize in
terms of "common good" the government supported institutions, laws, and
economic measures upon which our money powers depend. Keynesianism is
the highest form of phony economics yet developed to our benefit. The
highly centralized, mixed economy resulting from the policies advocated
by Lord Keynes for promoting "prosperity" has all the characteristics
required to make our rule invulnerable to our twin nemeses: real private
competition in the economic arena and real democratic process in the
political arena. Laissez faire or free-market, classical economics was
our original attempt to corrupt economic science. Its beautiful internal
consistency blinded economists for many years to the fact that it had
virtually nothing to do with current reality. However, we are so
powerful today that it is no longer possible to conceal our imposing
institutions with the appearances of free competition.
rationalizes this omnipotent state which we require, while retaining the
privileges of private property on which our power ultimately rests.
Although the interim reforms advocated by Marx in his Communist
Manifesto such as central banking, income tax, and other centralizing
measures can be corrupted to coincide exactly with our requirements, we
no longer allow Marxist movements major power in developed countries.
Our coercive institutions are already in place. Any real steps toward
communism would mean our downfall. Of course, phony Marxism is an
excellent ideological veil in which to cloak our puppet dictators in
Secondarily, the power of the lords of money rests on an occult
knowledge in the area of politics and history. We have quite
successfully corruptedthese sciences. Although many people are familiar
with our secrets through such books as "1984" by the disillusioned
George Orwell, few take them seriously and usually dismiss such ideas as
paranoia. Since real politics is motivated by individual self-interest,
history is viewed most accurately as a struggle for power and wealth. We
do our best to obscure this self-evident truth by popularizing the
theory that history is made by the impersonal struggles between ideas,
political systems, ideologies, races, and classes. Through systematic
infiltration of all major intellectual, political, and ideological
organizations, using the lure of financial support and instant
publicity, we have been able to set the limits of public debate within
the ideological requirements of our money power.
The so-called Left-Right political spectrum is our creation. In fact, it
accurately reflects our careful, artificial polarization of the
population on phony issues that prevents the issue of our power from
arising in their minds. The Left supports civil liberties and opposes
economic or entrepreneurial liberty. The Right supports economic liberty
and opposes civil liberty. Of course, neither can exist fully (which is
our goal) without the other. We control the Right-Left conflict such
that both forms of liberty are suppressed to the degree we require. Our
own liberty rests not on legal or moral "rights," but on our control of
the government bureaucracy and courts which apply the complex,
subjective regulations we dupe the public into supporting for our benefit.
Innumerable meaningless conflicts to divert the attention of the public
from our operations find fertile ground in the bitter hatreds of the
Right-Left imbroglio. Right and Left are irreconcilable on racial
policy, treatment of criminals, law enforcement, pornography, foreign
policy, women's liberation, and censorship to name just a few issues.
Although censorship in the name of "fairness" has been useful in
broadcasting and may yet be required in journalism, we generally do not
take sides in these issues. Instead we attempt to prolong the conflicts
by supporting both sides as required. War, of course, is the ultimate
diversionary conflict and the health of our system. War provides the
perfect cover of emergency and crisis behind which we consolidate our
power. Since nuclear war presents dangers even to us, more and more we
have resorted to economic crisis, energy shortages, ecological hysteria,
and managed political drama to fill the gap. Meaningless, brush fire
wars, though, remain useful.
We promote phony free-enterprise on the Right and phony democratic
socialism on the Left. Thus, we obtain a "free-enterprise" whose
"competition" is carefully regulated by the bureaucracy we control and
whose nationalized enterprises are controlled directly through our
government. In this way, we maintain a society in which the basis of our
power, legal titles to property and money, remain secure, but in which
the peril of free, unregulated competition is avoided and popular
sovereignty is nullified. The democratic process is a sitting duck for
our money power. Invariably we determine the candidates of the major
parties and then proceed to pick the winners. Any attempts at campaign
reforms simply put the rules of the game more firmly under our
Totalitarianism of the fascist or communist varieties is no danger to us
as long as bastions of private property remain to serve as our bases of
operation. Totalitarian governments of both Right and Left, because of
the vulnerability of their highly visible leaders to party rivals, can
be manipulated easily from abroad. Primarily, totalitarian dictatorships
efficiently prevent new money lords that could challenge our power from
arising in whole continents, civilizations, and races.
Perhaps a few words on ideology proper are in order before I conclude.
The only valid ideology, of course, is rational egoism, that is, the
maximization of the individual's gratification by whatever means prove
practical. This requires power over nature, especially, when possible,
power over other humans who are the most versatile and valuable tools of
all. Fortunately, we do not have a society of egoists. Money lords would
be impossible in such a society as the mental spooks and
rationalizations by which we characteristically manipulate and deceive
would be a laughingstock. Under such circumstances a policy of live-and-
let live or true "laissez-faire" anarchy might be the only alternative.
Certainly a hierarchical order would be difficult to maintain by force
alone. However, in the current era, while minds are yet in the thrall of
altruistic, collectivistic, and divine moralistic spooks, the egoist's
rational course is to utilize such spooks to control others.
The next speaker, Professor M., will detail the key in situation of our
power: Central Banking.
PROFESSOR M. ON THE ECONOMICS OF CENTRAL BANKING
As you have a doctorate degree in economics from a great university, I
will touch as lightly as my verbosity allows on facts accepted by
economic "science" and proceed to occult aspects of Central Banking.
Since the division of labor is the key to all human achievement and
satisfaction, a system of exchange is crucial. Barter is hopelessly
complicated. A command economy, in which each does and receives what he
is told, is also hopelessly cumbersome and fails to take advantage of
individual initiative, ability, and concrete knowledge. A medium of
exchange, money, is the obvious solution. (Even our highly centralized
economies on the socialist model now enthusiastically embrace money as
an indispensable simplifying tool in their economic planning.)
When left to themselves, people of a given geographical area settled
upon a durable luxury commodity, usually gold or silver, to use as
money. Because money is a store of value as well as a medium of
exchange, people saved part of their gold income rather than spending it
all. This gold was often stored in the vaults of a local goldsmith, the
precursor of the modern banker, for safekeeping. The depositor received
a receipt that entitled him to an equal quantity and quality of gold on
demand from the goldsmith. At some point the goldsmith realized that
there was no reason he could not loan out some of the gold for interest
as long as he kept gold on hand sufficient to meet the fairly
predictable withdrawal rate. After all, he simply promised to pay on
demand, not hold the gold as such. Better yet, he could simply issue
more receipts for gold than he had gold and the receipts, renamed notes,
could circulate freely among the populace as money.
However, he soon found that there was a definite limit set on this
process by reality. Not all the extra notes issued circulated forever
among the public. The rate of note redemption began to increase rapidly
as the receipts passed into the hands of people unfamiliar with his
reputation and especially when competitive goldsmiths, always eager for
more gold reserves, came into possession of his notes. To prevent a
disastrous run on his gold reserves, note issuance had to be kept within
bounds. But the spending power of over-issuance was a grave temptation.
Especially relished was the power over governments, industry, and
merchants that the miraculous loan power of the goldsmith could obtain.
Many succumbed to temptation, overextended themselves, and brought ruin
to their depositors while others slowly became wealthy bankers by
pursuing conservative loan policies.
At this point, according to economic "science," Central Banks are
instituted to protect the public from periodic financial catastrophe at
the hands of unscrupulous fractional reserve bankers. Nothing could be
further from the truth. Central Banks are established to remove the
limitation on over issuance that reality places on competitive banking
As early as ancient Babylon and India, Central Banking, the art
of monopolizing the issuance of money, had been developed into a perfect
method for looting the general public. Even today many bankers copy the
traditions of the earlier exploitive priesthood and design their banks
to resemble temples! Defenses of Central Banking are simply part of the
deception that lies at the heart of all power elites.
Let us look at the way a new Central Bank is created where none has
We bankers approach the Prince or ruling assembly
(both of whom always want more money to fight wars or to curry favor
with the people and, typically, are ignorant of economics) with a
compelling proposal: "Grant our bank a national Charter to regulate
private banking and to issue legal tender notes, that is, force our
notes to be accepted as payment for all debts, public and private. In
exchange we will provide the government all the notes it prudently
requires at interest rates easily payable with existing taxes. The
increased government purchasing power thus created will simultaneously
assure the power and prestige of the currently precarious nation and
stimulate the sluggish, credit-starved economy to new heights of
prosperity. Most important the violent banking panics and credit
collapses caused by unscrupulous private bankers will be replaced by our
even handed, beneficent and scientific management of money and banking.
Our public-spirited expertise will be at the disposal of the state,
while we remain independent enough of momentary political pressures to
assure sound management."
For a while this system seems to work remarkably well with full
employment for everyone. The government and public does not notice that
we issuers of the new notes are using the notes we create out of thin
air to surreptitiously build economic empires at the expense of
established interests. Because of the legal tender laws, few of the new
notes issued by the Central Bank are returned for redemption in gold. In
fact, private banks and even a few foreign banks may begin to use the
Central Bank's notes as reserves for further issuance of credit. Soon
enough, though, prices begin to rise as the added notes increase demand
relative to the quantity of goods and services. As the value of their
savings decline more and more, foreigners in particular begin to
question the value of the Central Bank's notes and start to demand
redemption in gold. We, of course, do not take responsibility for the
rampant inflation when it comes. We blame inflation on evil speculators
who drive up prices for personal gain, as well as the greed of organized
labor and business who are promptly made subject to wage and price
controls. Even the consumer can be made to feel guilty for agreeing to
pay the high prices! Mistaking symptoms for causes the government
accepts the banker's analysis of the problem and continues to give the
Bank free reign in monetary policy.
By slowing the rate of note issuance periodically the ultimate crisis
stage is postponed until many decades after the original Central Bank
Charter was granted. Before the rapidly dwindling gold reserves on which
faith in our Bank depends is exhausted we abruptly contract our loan
volume to private industry and government as well. With the contraction
of the money supply a great deflationary crash begins in earnest with
all its attendant unemployment, bankruptcies, and civil strife. We do
not take responsibility for the depression. We blame it on evil hoarders
who are refusing to spend their money and the prophets of doom who are
spoiling business confidence. The government accepts this analysis and
leaves monetary policy in our hands. If things go well we bankers
channel the fury and unrest into puppet movements and pressure groups
that carry our agents into full control of the government. Once in
charge we devalue our outstanding bank notes in terms of gold and make
them inconvertible for all but possibly foreign Central Banks and begin
plans to restore a "prosperity" that will be totally ours.
When lucky, we are able to confiscate the gold of private citizens as
punishment for hoarding during the climax of the depression .
Once the old order is subdued during the chaos of the crash and
desperation of the depression, the field is open for our full finance
capitalist system to be realized. If the money lords behind the Central
Bank can avoid lapsing into political and economic competition among
themselves a new and lasting order can be established. A war timed for
this period of consolidation provides the perfect excuse for the
regimentation required to crush all opposition.
Professor B., a former Chairman of a Central Bank, will explain the
functioning of the Central Bank in the typical, fully developed finance
PROFESSOR B. ON THE FUNCTION OF THE
CENTRAL BANK IN THE MATURE
FINANCE CAPITALIST SYSTEM
In its pristine form a Central Bank is a private monopoly of a nation's
money and credit issuance supported by the coercive power of the state.
That the Central Bank be directly in our hands is vital until our new
order is firmly established throughout the governmental, business,
intellectual and political spheres of society. After our order is
consolidated, formal nationalization of the Central Bank with great
fanfare is usually advisable in order to dispel any lingering suspicion
that it is operated for private gain. Of course only loyal agents of the
dynasty are allowed to obtain high offices in the Bank and our power
Obvious private monopolies are always the targets of
sharp reformist agitators. Only the most paranoid, however, can see
through the public facade to the private monopoly of the nationalized or
quasi-nationalized Central Bank.
The Central Bank is the primary monopoly on which all our monopoly power
depends. The occult power of the Central Bank to create money out of
nothing is the fountain head that fuels our far-flung financial and
political empire. I will make a quick survey of a few of the ways this
secret money power is brought to bear.
Basically, the power of our Central Bank flows from its control over the
points of entry into the economy of new, inflationary money which it
creates out of thin air. Ordinarily, bills of exchange, acceptances,
private bonds, government bonds and other credit instruments are
purchased by the Central Bank through specially privileged dealers in
order to put the new money, often only checking accounting entries, into
circulation. The dealers are allowed a large profit since they are
fronts operated by our agents. Our purchase of government securities
pleases the government, as our purchase of private debt pleases private
debtors. As a quid pro quo to assure "good management" our agents are
given directorships, managerial posts, and offices in the corporations
and governments so benefited. As the addiction to the narcotic of
inflationary easy credit grows and grows we demand more and more control
of our dependent entourage of governments and corporations. When we
finally end the easy credit to "combat inflation" the enterprises and
governments either fall directly into our hands, bankrupt, or are
rescued at the price of total control.
Also, we ruling bankers control the flow of money in the economy through
the wide authority of the Central Bank to license, audit, and regulate
private banks. Banks that loan to interests outside the loyal entourage
are "audited" by the Central Bank and found to be dangerously
overextended. Just a hint of insolvency from the respected Central Bank
authorities is enough to cause a run on the disobedient bank or at least
dry up its vital lines of credit. Soon the banking establishment learns
to follow the hints and nods of your father's agents at the Central Bank
Further, the periodic cycles of easy money and tight money that we
initiate through our control of the Central Bank cause corresponding
fluctuations in all markets. Our inner circle knows in advance the
timing of these cycles and, therefore reaps windfall profits by
speculating in commodity, stock, currency, gold, and bond markets.
Monopolistic stock and commodity Exchanges are a vital adjunct to our
power made possible by our Central Bank power. We do not allow a fair
auction market to exist, but make a great show of "tough" government
regulation to create a false sense of confidence among small investors.
With the aid of our regulatory charade and financial power we are able
to maintain Exchanges tailored to our entourage's need to manipulate
stock prices at the expense of independent investors. Our privileged
specialists on the floors of our Exchanges, aided by the propaganda of
our financial press and brokerage houses, continually play on naivete'
and greed to drain the savings of the unwary into our coffers. The
stock, commodities, and securities held in trading accounts by the
Exchange and brokerage houses provides us with a clout far beyond our
own actual holdings with which we can manipulate prices and win proxy
fights for corporate takeovers.
Little danger to our lucrative racket exists from public spirited
regulation. Our manipulations are so complex that only the most
brilliant experts could comprehend them. To most economists our Exchange
operations appear to be helpful efforts to "stabilize" the market. We
ruling bankers, if able to keep peace among ourselves, become richer and
richer as time passes without the annoyance of exerting productive
effort of benefit to others.
The next speaker, Professor G. will discuss the secrets of social
legislation and policy that do so much to cement our power.
Click here for conclusion of "The Occult Technology of Power"
INDEX NAVIGATOR TO Little Book III "Wisdom and Freedom"
INTRODUCTION in "Truth"
Prologue and Contents to "Wisdom and Freedom" (Little Book III Home Page)
Restore the Republic
Chapter I "Wisdom of Our Founders"
Chapter II "Behind the Scenes, Lurks the BANK"
Chapter III "The Occult Technology of Power"
Chapter IV "Education"
Chapter V "The United Nations"
Chapter VI "New World Order"
Chapter VII "Solutions"
Chapter VIII "Wisdom"
Chapter IX "War Truth"
Chapter X "AFTER THE FALL OF JUSTICE"
Chapter XI "Environmental Issues"
Chapter XII "Super Science"
Chapter XIII "They Told The Truth!"
Chapter XIV "The Media"
Chapter XV "THE AMERICAN FOOD CHAIN"
Short Summary of "Wisdom and Freedom"
Conclusion to "Little Book III"
Wisdom And Freedom produced by WORLD NEWSSTAND
Copyright© 1999. ALL RIGHTS RESERVED.
page image by Windy's Design Studio
“Those who are incapable of committing great crimes do not readily suspect them [that capability] in others.”
--François de La Rochefoucauld, Maxims (1665), tr. Kenneth Pratt.
Tim C. Mazur:
Seven Lies About Lying
The Art of Controversy
Freedom School is not affiliated with the links on this page - unless otherwise stated.
Freedom School information served for educational purposes only, no liability assumed for use.
The information you obtain at this site is not, nor is it intended to be, legal advice.
Freedom School does not consent to unlawful action. Freedom School advocates and encourages one and all to adhere to, support and defend all law which is particularly applicable.
Copyright© 2003, 2018
All Rights Reserved
H O M E