[ Pobierz całość w formacie PDF ]
.This later became the Carnegie Endowment forInternational Peace, which during the 1940s was headed by Alger Hiss.Onewriter* claimed that he had never seen any "peace movement" which did notend in war.The U.S.Ambassador to Britain, Walter Hines Page, complained that hecould not afford the position, and was given twenty-five thousand dollars ayear spending money by Cleveland H.Dodge, president of the National CityBank.H.L.Mencken openly accused Page in 1916 of being a British agent,which was unfair.Page was merely a bankers agent. 102On March 5, 1917, Page sent a confidential letter to Wilson."I think that thepressure of this approaching crisis has gone beyond the ability of the MorganFinancial Agency for the British and French Govern-__________________________* 1787 Constitutional Convention* NOTE: Emmett Tyrell, Jr., Richmond Times Dispatch, Feb.15, 1983"Every peace movement of this century has been followed by war."ments.The greatest help we could give the Allies would be a credit.Unlesswe go to war with Germany, our Government, of course, cannot make such adirect grant of credit."The Rothschilds were wary of Germany s ability to continue in the war,despite the financial chaos caused by their agents, the Warburgs, who werefinancing the Kaiser, and Paul Warburg s brother, Max, who, as head of theGerman Secret Service, authorized Lenin s train to pass through the linesand execute the Bolshevik Revolution in Russia.According to UnderSecretary of the Navy, Franklin D.Roosevelt, America s heavy industry hadbeen preparing for war for a year.Both the Army and Navy Departmentshad been purchasing war supplies in large amounts since early in 1916.Cordell Hull remarks in his Memoirs:"The conflict forced the further development of the income-tax principle.Aiming, as it did, at theone great untaxed source of revenue, the income-tax law had been enacted inthe nick of time tomeet the demands of the war.And the conflict also assisted the putting intoeffect of the FederalReserve System, likewise in the nick of time."70One may ask, in the nick of time for whom? Certainly not for the Americanpeople, who had no need for "mobilization of credit" for a European war, orto enact an income tax to finance a war.Hull s statement affords a rareglimpse into the machinations of our "public servants".The Notes of the Journal of Political Economy, October, 1917, state:"The effect of the war upon the business of the Federal Reserve Banks hasrequired an immensedevelopment of the staffs of these banks, with a corresponding increase inexpenses.Without, of 103course, being able to anticipate so early and extensive a demand for their servicesin thisconnection, the framers of the Federal Reserve Act had provided that theFederal Reserve Banksshould act as fiscal agents of the Government."The bankers had been waiting since 1887 for the United States to enact acentral bank plan so that they could finance a European war among thenations whom they had already bankrupted with armament and "defense"programs.The most demanding function of the central bank mechanism iswar finance.On October 13, 1917, Woodrow Wilson made a major address, stating:"It is manifestly imperative that there should be a complete mobilization ofthe banking reservesof the United States.The burden and the privilege (of the Allied loans) mustbe shared by everybanking institution in the country.I believe that cooperation on the part ofthe banks is a patrioticduty at this time, and that membership in the Federal ReserveSystem is a distinct andsignificant evidence of patriotism."__________________________70 Cordell Hull, Memoirs, Macmillan, New York, 1948, v.1, page 76E.W.Kemmerer writes that "As fiscal agents of the Government, the federalreserve banks rendered the nations services of incalculable value after ourentrance into the war.They aided greatly in the conservation of our goldresources, in the regulation of our foreign exchanges, and in thecentralization of our financial energies.One shudders when he thinks whatmight have happened if the war had found us with our former decentralizedand antiquated banking system."Mr.Kemmerer s shudders ignore the fact that if we had kept "ourantiquated banking system" we would not have been able to finance theWorld War or to enter as a participant ourselves.Woodrow Wilson himself did not believe in his crusade to save the world fordemocracy.He later wrote that "The World War was a matter of economicrivalry." 104On being questioned by Senator McCumber about the circumstances of ourentry into the war, Wilson was asked, "Do you think if Germany hadcommitted no act of war or no act of injustice against our citizens that wewould have gotten into this war?""I do think so," Wilson replied."You think we would have gotten in anyway?" pursued McCumber."I do," said Wilson.In Wilson s War Message in 1917, he included an incredible tribute to theCommunists in Russia who were busily slaughtering the middle class in thatunfortunate country
[ Pobierz całość w formacie PDF ]