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Mystery, Babylon The Great (2005) - Escape Babylon's Demons

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Summary of the evolution of America’s financial bondage<br />

<strong>The</strong> Bank of England created the investment firm of Morgan-Grenfell. It was headed<br />

by American expatriate Junius P. Morgan. His son, J.P. Morgan, turned it into an<br />

American dynasty. Brown Bros., now Brown Brothers-Harriman, was created by the<br />

Rothschild European interest in 1835. <strong>The</strong> Rothschild European banks financed the<br />

birth of other American dynasties like the Rockefeller family, and "Americanized"<br />

European banking houses like Kuhn, Loeb Co., J.M. Schroeder, Jacob Schiff, etc.<br />

In 1907, Jacob Schiff, the Rothschild-owned boss of Kuhn, Loeb and Co., in a speech<br />

to the New York Chamber of Commerce, warned that<br />

"unless we have a Central Bank with adequate control of credit resources, this country i s going to<br />

undergo the most severe and far reaching money panic in its history."<br />

Shortly after, the U.S. plunged into a crisis. <strong>The</strong> "crisis" had two purposes: make<br />

money for the Rothschild bankers and impress on the American people the "great<br />

need" for a central bank. In 1910, German immigrant Paul Warburg, working with<br />

Senator Aldrich, the maternal grandfather of the Rockefeller family, began writing the<br />

Federal Reserve Act. Warburg told the Banking and Currency Committee:<br />

"In the Panic of 1907, the first suggestion I made was, "let us have a national clearing house"<br />

[Central Bank]. <strong>The</strong> Aldrich Plan [for a Central Bank] contains many things that are simply<br />

fundamental rules of banking. Your aim must be the same...."<br />

At a hearing of the House Committee on Banking and Currency in 1913, Warburg<br />

revealed that he was a member of the banking firm of Kuhn, Loeb and Co.<br />

<strong>The</strong> Federal Reserve Act of 1913<br />

<strong>The</strong> Federal Reserve Act became law in 1913. It placed the Constitutional Power of<br />

Congress to regulate the U.S. economy into the hands of private banks. Warburg<br />

became the "Fed's" first chairman. A dollar was no longer a unit of measurement.<br />

Instead, it became the thing it was supposed to measure.<br />

<strong>The</strong> Federal Reserve System is a private corporate banking system belonging to it’s<br />

stockholders; the federally chartered private banks. All current major fed<br />

stockholders trace their roots to Europe’s banking families. Congressman Charles<br />

Lindbergh stated shortly after the "Federal" Reserve Act was passed by a depleted<br />

Congress on December 23, 1913:<br />

"<strong>The</strong> Act establishes the most gigantic trust on earth. When the President [Wilson] sign s this Bill, the<br />

invisible government of the monetary power will be legalized....<strong>The</strong> greatest crime of the ages is<br />

perpetrated by this banking and currency bill." (source: Wisdom and Freedom produced by WORLD

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