Bankrolling the Bolshevik Revolution Flashcards
The establishing of the Federal Reserve System provided the “conspiracy” with what?
An instrument whereby the international bankers could run the national debt up to the sky thereby collecting enormous amounts of interest and also gaining control over the borrower… Wilson administration alone, the national debt expanded 800%
Two months prior to the passage of the Federal Reserve Act, what mechanism the conspirators created to collect the funds to pay interest on the national debt?
Progressive Income Tax, the second plank of Karl Marx Communist Manifesto, ten planks to socialize a country
What was the trick the New York bankers and monopolist industrialists played with the Populists?
Leading the Populists to believe bank-monopolist control over government was a product of free enterprise
Morgan firm decided to infiltrate the Leftwing political movimentes
Funding them and help the message get to the public
Radical movements are…
never successful unless they attract big money and/or outside support.
What did the great historian, Oswald Spengler said in 1945…
He was one of those who saw what American Liberals refuse to see- that the left is controlled by its alleged enemy, the malefactors of great wealth. He wrote in his monumental Decline of the West
“There is no proletarian, not even a Communist, movement, that has not operated in the interests of money, in the direction indicated by money, and for the time being permitted by money - and that without the idealists among its leaders having the slightest suspicion about it.
Insiders main concern was not in promoting competition, but in restricting it. Gabriel Kolko has prepared a lengthy volume presenting the undeniable proof that the giant corporate manipulators promoted much of the so-called
“Progressive Legislation” of the Roosevelt and Wilson eras - legislation which was written ostensibly was aimed at controlling their abuses, but which was written as to suit their interests. [The Triumph of Conservatism]
They welcomed federal intervention into their affairs… The oversight was due to the illusion that American industry was centralized and monopolized to such an extent that it could rationalize the activity [regulate production and prices] in its various branches voluntarily. Quite the opposite was true. Despite the large number of mergers, and the growth in the absolute size of corporations, the dominant tendency in the American economy at the beginning of the century was toward growing competition.
What was the best way for the Insiders to eliminate this growing Competition?
Was to impose a progressive income tax on their competitors while writing the laws so as to include built-in escape hatches for themselves. Actually, very few of the proponents of the graduate income tax realized they were playing into the hands of those they were seeking to control…
What was the Insider’s principal mouthpiece in the Senate during this period?
Nelson Aldrich, one the conspirators involved in engineering the creation of the Federal Reserve. In earlier years Aldrich had denounced the income tax as “communistic and socialistic,” but in 1909 he pulled a dramatic and stunning reversal.
What the [income tax] became…
It was a siphon, gradually inserted into the pocketbooks of the general public. Imposed to popular huzzas as a class tax, the income tax was gradually turned into a mass tax in a jiu-jitsu turnaround…
“Just when the opposition had become formidable he [Aldrich] took the wind out of its sails by bringing forward, with the support of the president Taft,
A proposed amendment to the Constitution empowering Congress to lay income tax.”
Howard Hinton records in his biography of Cordel Hull that Congressman Hull, who had been pushing in the House for the income tax, wrote this stunned observation
“During the past weeks the unexpected spectacle of certain so-called ‘old-line conservative’ Republican leaders in Congress suddenly reversing their attitude of a lifetime and seemingly espousing, through ill-concealed reluctance, the proposed income-tax amendment to the Constitution has been the occasion of universal surprise and wonder.”
One must remember that it was to break up the Standard Oil (Rockefeller) and U.S Steel (Carnegie) monopolies that the various antitrust acts were ostensibly passed.
These monopolies could now compound their wealth tax-free while competitors had to face a graduated income tax which made it difficult to amass capital
