The CIA and "Masters of Gold"

This from ZeroHedge:

The CIA Chimes In On Gold Control; Highlights Historical Gold-To-Foreign Holdings Shortfunding

After yesterday we highlighted a declassified document by the Department of State, in which it was made clear just how critical it is for the US to remain "Masters of Gold", today we present a comparable memorandum from the same time period (December 1968) this time by the CIA, which presents comparable key high-level gold-related deliberations by the then-administration.

Some of the key points:

We lose influence in world affairs whenever:

• The dollar is weak in exchange markets
• There is a major outflow of gold; and/or
• We are obliged to pressure countries into holding dollars or giving us payments assistance

Our position can also be improved by action on the international monetary system itself to:

• Decrease vulnerability to confidence crises
• Increase world monetary reserves (liquidity); and
• Improve tools for adjusting payments surpluses and deficits

With $33 billion of foreign dollar holdings ($16 billion in official hands) and only $10.7 billion of gold in the U.S. reserve, the risk is clear. To contain these pressures our strategy is:

• To isolate official from private gold markets by obtaining a pledge from central banks that they will neither buy nor sell gold except to each other;
• To bring South Africa to sell its current production of gold in the private market, and thus keep the private price down.

And here are the seeds for the need for a fiat currency: growing an economy when monetary supply (and, by implication, currency devaluation) is limited, can only pad the growth rate for the core economic entities so much.

Increasing liquidity

Trade won't be able to grow, and the system will remain vulnerable to speculation unless there is regular growth in the international money supply.

Gold can't provide the needed increase: industrial and speculative demand is too high. U.S. payment deficits can't either: foreigners are unwilling to hold more dollars when we run large deficits and unable to increase net reserves by accumulating dollars when our deficits are small.

Our strategy is to supplement gold and dollars with a new international asset, Special Drawing Rights (SDR).

And, of course, if the SDR does not work, the fall back reserve currency can always just be printed in limitless amounts, thus allowing massive liquidity-based expansion in the trade system, which will further allow the U.S. to grow its trade deficit to record amounts. Just fast forward 41 years.

Indeed, this document was presented before the gold standard was officially abolished. However, in the very near future Zero Hedge will disclose documents that highlight how even in the post-1971 world, gold was still perceived with the same liquidity management and "strategic control" interest as ever before.

CIA 1968 Financial Crisis

More on Battle for Control of Caspian Sea

Image via Wikipedia

Press TV reports Russian Foreign Minister Sergei Lavrov has assured Iran that it will not be left out at any decisions to be made on the status of the Caspian Sea. In a letter to his Iranian counterpart Manouchehr Mottaki, Lavrov reiterated that Iran will be part of any decision makings on the issues pertaining to the Caspian Sea, IRNA reported on Friday.

"Russia is of the conviction that any talks or decision makings on the Caspian Sea should be made unanimously and collectively by all five littoral states."

Lavrov said cooperation between the littoral states was the key to peace, stability and security in the region. He expressed hope that the third future summit to be held in Baku, Azerbaijan, will help solve a range of issues regarding the legal status of the sea. Lavrov's letter came in response to Mottaki's earlier protest at Iran's exclusion at an informal summit of the littoral states.

The presidents of the central Asian states of Kazakhstan and Turkmenistan as well as Russia and Azerbaijan met in the Kazakh coastal city of Aktau earlier this month to discuss issues of mutual interest.

The Iranian president was, however, absent in the meeting described as an informal gathering which did not aim to 'consider the issues on the status of the Caspian Sea and division of the seabed.' Iran protested being left out by summoning the ambassadors of all four countries and writing to their foreign ministers. Mottaki also called his four counterparts to express dismay over the exclusion.

The maritime and seabed boundaries of the Caspian Sea have yet to be demarcated among Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan, the five countries bordering the Sea. Despite extensive negotiations, the legal status of the Caspian Sea has been unclear since the breakup of the Soviet Union in 1991.

Rep. Alan Grayson: Does the Fed Manipulate the Stock Market? Where's the Gold?

Rep. Alan Grayson SLAMS Alvarez: Does the Fed Manipulate the Stock Market? Where's the Gold?

The Lies Exposed, All the Global Elite Have Left Is Pure Force

Chris Hedges

"The leaders of the G-20 are meeting to try and salvage their power and money after everything that has gone wrong," said Benedicto Martinez Orozco, co-president of the Mexican Frente Autentico del Trabajo (FAT), who is in Pittsburgh for the protests. "This is what this meeting is about."

The draconian security measures put in place to silence dissent in Pittsburgh are disproportionate to any actual security concern. They are a response not to a real threat, but to the fear gripping the established centers of power. The power elite grasps, even if we do not, the massive fraud and theft being undertaken to save a criminal class on Wall Street and international speculators of the kinds who were executed in other periods of human history. They know the awful cost this plundering of state treasuries will impose on workers, who will become a permanent underclass. And they also know that once this is clear to the rest of us, rebellion will no longer be a foreign concept.

The delegates to the G-20, the gathering of the world's wealthiest nations, will consequently be protected by a National Guard combat battalion, recently returned from Iraq. The battalion will shut down the area around the city center, man checkpoints and patrol the streets in combat gear. Pittsburgh has augmented the city's police force of 1,000 with an additional 3,000 officers. Helicopters have begun to buzz gatherings in city parks, buses driven to Pittsburgh to provide food to protesters have been impounded, activists have been detained, and permits to camp in the city parks have been denied. Web sites belonging to resistance groups have been hacked and trashed, and many groups suspect that they have been infiltrated and that their phones and e-mail accounts are being monitored.

Our global economy, like our political system, has been hijacked by a tiny oligarchy, composed mostly of wealthy white men who serve corporations. They have pledged or raised a staggering $18 trillion, looted largely from state treasuries, to prop up banks and other financial institutions that engaged in suicidal acts of speculation and ruined the world economy. They have formulated trade deals so corporations can speculate across borders with currency, food and natural resources even as, according to the Food and Agriculture Organization (FAO) of the United Nations, 1.02 billion people on the planet struggle with hunger. Globalization has obliterated the ability of many poor countries to protect food staples such as corn, rice, beans and wheat with subsidies or taxes on imported staples. The abolishment of these protections has permitted the giant mechanized farms to wipe out tens of millions of small farmers-2 million in Mexico alone-bankrupting many and driving them off their land. Those who could once feed themselves can no longer find enough food, and the wealthiest governments use institutions such as the International Monetary Fund, the World Bank and the World Trade Organization like pit bulls to establish economic supremacy. There is little that most governments seem able to do to fight back.

But the game is up. The utopian dreams of globalization have been exposed as a sham. Force is all the elite have left. We are living through one of civilization's great seismic reversals. The ideology of globalization, like all utopias that are sold as inevitable and irreversible, has become a farce. The power elite, perplexed and confused, cling to the disastrous principles of globalization and its outdated language to mask the political and economic vacuum before us. The absurd idea that the marketplace alone should determine economic and political constructs caused the crisis. It led the G-20 to sacrifice other areas of human importance-from working conditions, to taxation, to child labor, to hunger, to health and pollution-on the altar of free trade. It left the world's poor worse off and the United States with the largest deficits in human history. Globalization has become an excuse to ignore the mess. It has left a mediocre elite desperately trying to save a system that cannot be saved and, more important, trying to save itself. "Speculation," then-President Jacques Chirac of France once warned, "is the AIDS of our economies." We have reached the terminal stage.

"Each of Globalization's strengths has somehow turned out to have an opposing meaning," John Ralston Saul wrote in "The Collapse of Globalism." "The lowering of national residency requirements for corporations has morphed into a tool for massive tax evasion. The idea of a global economic system mysteriously made local poverty seem unreal, even normal. The decline of the middle class-the very basis of democracy-seemed to be just one of those things that happen, unfortunate but inevitable. That the working class and the lower middle class, even parts of the middle class, could only survive with more than one job per person seemed to be expected punishment for not keeping up. The contrast between unprecedented bonuses for mere managers at the top and the four-job families below them seemed inevitable in a globalized world. For two decades an elite consensus insisted that unsustainable third-world debts could not be put aside in a sort of bad debt reserve without betraying Globalism's essential principles and moral obligations, which included an unwavering respect for the sanctity of international contracts. It took the same people about two weeks to abandon sanctity and propose bad debt banks for their own far larger debts in 2009."

The institutions that once provided alternative sources of power, including the press, government, agencies of religion, universities and labor unions, have proved morally bankrupt. They no longer provide a space for voices of moral autonomy. No one will save us now but ourselves.

US Govt Suspends Limits on Mercury in H1N1 Swine Flu vaccine

Image by alvi2047 via Flickr

This from fightbackh1n1.com:

Recently we reported about Australians among the first to get "swine flu" vaccine which containing 50 ug mercury.

And now Washington health officials have temporarily suspended limits on the amount of mercury allowed in the upcoming H1N1 influenza vaccine for pregnant women and children younger than 3 years old.

The move comes after Health Secretary Mary Selecky was informed that the initial batches of vaccines against the swine flu may not include enough doses that were specially packaged without thimerosal, a mercury-containing preservative.

The preservative is controversial among some people who believe that it may be linked to autism and other childhood disorders.

Selecky said the suspension is designed to ensure that pregnant women and children have access to the vaccines, even though they may contain thimerosal.

The swine flu vaccines will be available in early October, while the seasonal flu vaccines are available now.

For more detail Visit : http://www.doh.wa.gov/Publicat/2009_news/09-154.htm

Marines Warn Indiana, Kentucky Residents of Massive Urban Training Exercise

Image by DanieVDM via Flickr

The Cruthersville Times reports:

As military units train in southern Indiana and northern Kentucky later this week, local residents may hear and see a variety of military air and land craft operating. Marines from the Camp Lejeune-based 24th Marine Expeditionary Unit will be using pre-designated landing zones in civilian areas from Thursday-Tuesday, Sept. 24-29. Local residents can expect to see, and hear, helicopters and tilt-rotor aircraft at various times throughout the day and night.

Specific areas this activity will affect include: Muscatatuck Urban Training Center near Butlerville, Freeman Field, Camp Atterbury, Hoosier National Forest, Brown County State Park, Columbus, and Seymour among others.

Aircraft that might be noticed in any of these areas include: MV-22 Osprey tilt-rotor aircraft, CH-53 Super Stallion helicopter, UH-1 Huey helicopter, AH-1 Super Cobra helicopter.

“Residents are encouraged to view from a safe distance but are asked not to interfere with the training,” said Capt Rob Shuford, Public Affairs Officer for the training. “For safety reasons do not approach any aircraft or Marines.”

All areas used for training have been approved by local land and business owners, as well as local and state officials, he said. All areas designated as landing zones have been surveyed by the Marine Corps and civilian safety officials months before training was approved.

While much of the activity will take place aboard the military bases, residents in some areas can expect to see helicopters flying overhead, military vehicles on the roads, and Marines patrolling on foot. Residents living close to a select few sites will be notified in advance that Marines will be conducting mock raids nearby.

“In some cases, residents may notice aircraft landing in close proximity to civilian buildings and infrastructure,” Shuford said.

The Realistic Urban Training Exercise, or RUT, is a critical part of the 24th MEU’s training cycle that prepares them to respond to a variety of missions they may face on their deployment, which is scheduled for sometime early next year, according to Col. Pete Petronzio, commanding officer.

“During RUT the Marines will hone their skills in firing their weapons, conducting patrols, operating vehicle checkpoints, reacting to ambushes, responding to mass-casualty scenarios, and countering the threat posed by roadside bombs,” he explained.

“Many of the Marines you may see in the coming few days have served in Iraq and Afghanistan. Also, 1st Battalion, 9th Marine Regiment—now the MEU’s ground combat element—was in Ar Ramadi, Iraq helping to wrest that city from insurgent control.”

“We have plenty of combat experience. But we also have plenty of new Marines preparing to make their first deployment. Their lives and the success of our future missions could well depend on what we’re accomplishing now during our training,” Petronzio said.

“The urban environment is the most challenging we’re likely to face. Maneuvering in a heavily congested area; picking out possible threats lurking in windows and around street corners; trying to tell whether the car barreling toward their vehicle checkpoint is driven by a suicide bomber or an innocent family oblivious to their warning signals: these are just a few of the challenges Marines face in an urban setting.”

“Our aim in south central Indiana and northern Kentucky is to expose our Marines to realistic scenarios in an actual urban community. We simply cannot replicate those conditions aboard our home base” he said.

The 24th Marine Expeditionary Unit (MEU) is slated to be the landing force for the Norfolk-based Nassau Expeditionary Strike Group, and will be deployed early next year on three amphibious assault ships—USS Nassau, USS Mesa Verde and USS Ashland. The Marines kicked off their pre-deployment training program in June, and before completing

RUT, they will have completed a host of specialized combat courses, field training exercises and at-sea drills aboard the ships they will be living on for at least seven months next year.

If there are concerns, or if damage is done to civilian property, residents can contact the 24th MEU hotline – 1-877-676-0396, the commander said.

Census worker hanged in Kentucky with 'FED' scrawled on his chest

This is why the government is planning Martial Law. They know what's on the horizon.

SouthernStudies.org
The FBI and state police are investigating the death of a U.S. Census worker whose body was found hanging from a tree near a cemetery in a remote part of Kentucky with the word "fed" scrawled on his chest.

The body of Bill Sparkman, a 51-year-old part-time Census field worker and substitute teacher, was found Sept. 12 in the Daniel Boone National Forest in rural southeast Kentucky's Clay County. Sparkman has worked for the Census since 2003.

Co-workers became worried about Sparkman when he failed to show up for a Sept. 10 work assignment at Johnson Elementary School in Laurel County, Ky., WKYT reports. Sparkman recently earned his teaching degree while working two jobs and fighting cancer.

Lucindia Scurry-Johnson, assistant director of the Census Bureau's southern office in Charlotte, N.C., told the AP that law enforcement authorities have said the death is "an apparent homicide." The bureau has suspended door-to-door operations in Clay County until the investigation is complete.

Investigators are reportedly trying to determine whether anti-government sentiment played a role in the killing.

Jim Rogers: I will sell all US Dollars

Andrew Moran
Digital Journal
Outspoken investor Jim Rogers has warned for many years, like Peter Schiff and Marc Faber, that the United States economy is in total decline and that Asia is the land to put your money.

Co-founder of the Quantum Fund and creator of Rogers International Commodities Index, Jim Rogers, told attendees at the China International Financial Services Conference (CIFSC) held in Guangzhou last week that he will sell all United States dollars, according to People’s Daily Online.

For years now, Rogers has been telling media outlets and investors that he wants to get completely out of the US dollar and put his money in other sound currencies. Rogers went on to say that the last 50 years the US government has taken a dive into astronomical debt and the each administrations continues to make the same mistakes.

Rogers, who is a student of the Austrian School of Economics, has been a bull on China and commodities around the world. In a message he has said for a long time regarding America’s economy and its currency, “[The] US dollar economy has encountered major problems, the dollar index fell to a new low, and it will continue to fall. If the dollar rebounds in the future, I will sell all the U.S. dollars. My whole family has moved to live in Asia.

The story of the United States is over. A new story belongs to China.” For several years, Rogers has urged people to learn to speak Mandarin, “It was smart to invest in Britain in 1807. It was smart to invest in the United States of America in 1907. It is now smart to invest in Asia in 2007.” Right now, Rogers’s youngest daughter is learning mandarin and her caregiver only speaks mandarin to her. At the conference, Rogers did not only talk about the United States but also Europe by stating they go into a vicious cycle of issue bonds – inflation, issue bonds – inflation and so on. “I will not by United States treasury bonds,” Rogers proclaimed, “because the government is constantly printing more banknotes.”

In a jest manner, Rogers believes the US will never lack US dollars. Nevertheless, he will buy oil and minerals and, of course, the stocks of those companies that “engage in a real economy.” Author of “Hot Commodities” and economic commentator thinks the economic downturn in the US is still growing and continuing. At the present time, according to Rogers, there are more people to buy treasury bonds, interest rates will remain low but, eventually, in the long run, will dramatically rise.

FOIA request reveals Cap and Trade a national energy tax that will devastate American families

Excellent post from ZeroHedge:

Congressman Upton Demands Declassification Of Censured Cap-And-Trade Cost Estimates

One of the most ambitious projects undertaken by the Administration and Goldman Sachs, that seeks to entrench the Wall Street oligarchy, is cap-and-trade. Yet, just like all the other initiatives percolating in Obama's docket, there are still many open question marks surrounding this mega-project. And specifically its costs.

Recently congressman Fred Upton, a vocal opponent of cap-and-trade, submitted the following letter to Tim Geithner demanding increasing disclosure in a FOIA response, which had had key figures censored, whose disclosure would have provided much needed cost-side information.

In response to a FOIA request, Administration officials deliberately censored figures that specify the annual costs cap-and-tax will impose. The Treasury documents appear to confirm what Upton has been saying all along, that cap-and-trade is a national energy tax that will devastate American families.

As Upton points out, the Treasury blatantly removed the one most critical figure:

I am particularly interested in the one-page document entitled Domestic Climate Policy that was prepared by Judson Jaffe. The Jaffe document omits important figures, most glaringly, on the annual costs under a cap-and-trade regime, stating, “It will raise energy prices and impose annual costs on the order of XXXXXXXX dollars.”

And the Congressman further goes to point out just what the incremental tax to fund a program that will asymmetrically benefit certain Wall Street enterprises:

Study after study has predicted cap-and-trade will result in skyrocketing energy bills and massive job losses. The Congressional Budget Office conservatively estimated that meeting the mandated reductions would cost $864 billion, while some anticipate closer to $1.5 trillion. CBO also predicted gasoline costs would increase by 77 cents per gallon and diesel by 88 cents. And now Treasury documents suggest families will see an annual increase of $1,700, at a minimum.

But when it comes to the squid, you have to pay in order to play. And as for the fabled transparency that Obama promised, which alas ends up with white out (or in this case black out) being generously applied to critical items that should be made known to the entire US population:

The censorship of these documents does not correlate with the Administration’s efforts for greater transparency, and raises many serious questions regarding one of the Administration’s leading initiatives that stands to eliminate millions of jobs and affect every single American citizen at a time when the national unemployment rate hovers just below ten percent.

One could go further and say that the cloud of opacity under which not just this but all administrations have been operating for decades, in direct complicity with such institutions as the Fed, the Treasury, and various regulators, also has to be done away with. Yet that would mean a complete change of a multi century status quo, and a direct threat to the ruling financial-political-kleptocratic oligarchy. And the last thing that anyone in control (of either power or money, or both) would like the average American to know is how deep the stream of prevarication flows. In retrospect, if last year's near-catastrophic events did not cause anything to change, now that the Lehamn and AIG implosion are merely a repressed memory, one can be sure that absent another systemic collapse, it will be more and more difficult to get the well-entrenched organizations to open up. Alas, by the time the next bubble pops, it will be too late as there will be nothing left to salvage.

Geithner Cap and Trade

Global warming: 100% Exposed FRAUD!

Al Gore 100% exposed.

John Conyers Joins Acorn Investigation

This is what's called "Damage Control".

The Free Press reports House Judiciary Chairman John Conyers is weighing into the controversy involving Acorn:

Conyers and House Financial Services Chairman Barney Frank of Massachusetts today asked the nonpartisan Congressional Research Service to provide an analysis on several aspects of ACORN, including any current or previous criminal investigations into the group; a breakdown of any funding received by the group and any violations of the terms of that funding; a report on alleged improprieties in collecting voter registration forms and “the extent ... that resulted in people being improperly placed on voting roles and actually attempting to vote,” and the group’s programs to provide housing opportunities.

It also asked for a report on private sting activities “in which individuals have reportedly visited ACORN offices, misrepresented their identities and proposed activities, surreptitiously videotaped resulting conversations with ACORN workers, and widely distributed them.”

The letter went onto say, “Conflicting allegations have been made about the propriety of these activities. Please research and report on the federal and state laws that could apply to such videotaping and distribution of conversations without the consent of all parties.”

Justice Department Investigates Acorn

The New York Times reports an internal watchdog at the Justice Department said he was reviewing the agency’s involvement with the national community organizing group Acorn. Inspector General Glenn Fine wrote to Representative Lamar Smith, Republican of Texas, that his office would examine whether Acorn sought or received any Justice Department grant money, or conducted any reviews of the group’s use of such money. More than a dozen state and local authorities are also scrutinizing Acorn, including Maryland’s attorney general.

Bloomberg indicated the inspector general’s probe “will help Congress ensure that money allocated to support law enforcement efforts is not instead used to support criminal conduct,” Smith said in a statement. An initial review by Acorn showed it received $12,000 from the Justice Department since January 2008, according to the group. The House on Sept. 17 voted to cut all federal funding for the group. Acorn has received more than $53 million in federal funds since 1994, according to a report by Republicans on the House Oversight and Government Reform Committee.

Brzezinski: U.S. Should Attack Israeli Jets if They Attack Iran

Jake Tapper with ABC News writes:

The national security adviser for former President Jimmy Carter, Zbigniew Brzezinski, gave an interview to The Daily Beast in which he suggested President Obama should make it clear to Israel that if they attempt to attack Iran's nuclear weapons sites the U.S. Air Force will stop them.

"We are not exactly impotent little babies," Brzezinski said. "They have to fly over our airspace in Iraq. Are we just going to sit there and watch? ... We have to be serious about denying them that right. That means a denial where you aren’t just saying it. If they fly over, you go up and confront them. They have the choice of turning back or not. No one wishes for this but it could be a 'Liberty' in reverse."

Russian President Dmitriy Medvedev told CNN that Israeli President Shimon Peres assured him that Israel would not attack Iran.

"This is the worst thing that one can imagine," Medvedev said. "What would happen afterwards? A humanitarian catastrophe, a huge number of refugees. And Iran would want revenge, and not only over Israel, but over other countries as well. The events in the region would become completely unpredictable. I think the scope of such a disaster would not be comparable to anything. Therefore, before taking the decision to launch any attacks, you need to think the situation through. It would be the most irrational way to deal with the situation. But my Israeli colleagues told me they do not plan to do that. And I trust them.`

House To Extend Unemployment Benefits

According to Alan Fein with AXcess News, Rep. Jim McDermott (D-WA) has presented a bill in the House of Representatives to extend unemployment benefits one more time which is expected to pass by an overwhelming majority before states run out of money. Workers are entitled to 26 weeks of unemployment benefits under most state programs which Congress has already extended 53 weeks. But with workers still not able to find a job, lawmakers are moving to add yet another extension to the program. According to the National Employment Law Project, a consumer watchdog group, 5 million Americans have been without jobs for six months or longer, three-times more than year-ago levels.

All this talk about a jobless recovery is pure nonsense. And let's not forget, we are only a year into the current crisis. The worst unemployment numbers -- 25 percent -- during the Great Depression didn't occur until at least 3 years after the start of the Depression.

"PhD economist John Williams and Paul Craig Roberts - former Assistant Secretary of the Treasury and former editor of the Wall Street Journal - both said in December 2008 that if the unemployment rate was calculated as it was during the Great Depression, the December 2008 unemployment figure would actually have been 17.5%. Williams says that unemployment figures for July 2009 rose to 20.6%."

The Coming Battle

Image via Wikipedia

In 1899, M. W. WALBERT who wrote "The Coming Battle", knew what was coming, knew of the "evils lurking" within the global system of fractional reserve banking. His book is available for free online and well worth reading.

Michael Edwards writes, "This book details the attempts by the big European banking families to control the resources of this country by controlling the government via control of the Treasury. The First and Second Banks of the United States were their early attempts at forming a National Bank, privately owned, to oversee our money supply. President Andrew Jackson crushed the Second Bank of the United States in one of the most heroic stands ever taken by an American citizen. He is treated like a villain in modern history classes.

These international "banksters" finally succeeded in 1913 with the passage of the Federal Reserve Act. This bill, previously orchestrated by Nelson Aldrich, was soundly defeated under President Taft. In order to defeat Taft, the banking community backed Woodrow Wilson, and, to ensure his victory, encouraged ex- President Teddy Roosevelt to run again in order to siphon votes from the popular Taft. Wilson won by the nearly identical margin (42%) as Bill Clinton (43%), when Ross Perot took votes from George Bush. Wilson then slipped the Act through a bare quorum of Congress on December 23, 1913 after most of the opposition had gone home for the holidays.

The Coming Battle

Introduction:

In this volume the author endeavors to give an accurate history of the present National Bank System of currency, including an account of the first United States Bank,- both of which were borrowed from Great Britain by those statesmen who, like the father of Sir Robert Peel, believed that a national debt was the source of prosperity.

It is believed that the facts adduced in the following pages will be productive of some good, in pointing out the immense evils lurking in that system of banking, a system which has produced panics at will, and which is the active abettor of the stock gamblers, railroad wreckers, and those industrial tyrants of modern times, the enormously overcapitalized and oppressive trusts.

It is sought to point out the great dangers of delegating purely government powers to these greedy monopolists, by which they are enabled to organize a money trust, far more tyrannical than all the other combinations now in existence; and by which they absolutely defy the authority that endowed them with corporate life.

The issue between these banks and the people will be joined in the near future, and the greatest struggle the world ever witnessed will take place between the usurping banks on the one hand and the people on the other.

In the nature of things, unjustly acquired power of man over man generally rises to such heights of arrogance, as to eventually create a public opinion that will grind tyranny of every form to atoms, hence, The Coming Battle that will surely take place in the near future and the victory that will be won by justice will be the noblest events in American history. -- M. W. WALBERT

Begin reading Chapter 1 here.