WIDER ROAD TO PERDITION
By Lt. Col. Joe Kress
July 19, 2014
In Part 1, to back track and to capsulate: Our country was established by pilgrims who fled Europe to preserve their religious biblical interpretations. Later, the founding fathers of our democratic republic resented the British King Edward III and his control of what was yet to be the United States; they protested and disregarded the consequences, the severe penalties and signed their names on a document that declared them as traitors to the King written in a declaration of Independence where the first lines therein state:
" When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation."
The path they took and those who supported them were nothing less than heroic and showed the very characteristics of the pioneers that followed them with an independent spirit, a belief in God; a will to improve their conditions on the way to create the developing nation, although their progenitors made massive improprieties considered today as ruthless in their wake of conquering native people. The ruthlessness was primarily at the behest of men whose objectives were at least self-serving and political as in the case of expanding the nation from Canada to California. Only the resolve of the brave descendants of early pioneers resolved to accomplish what was near impossible, if politicians and bureaucratic greed were left to do the job.
Continuing from that wider road to perdition at the conclusion of Part I of this series is Teddy Roosevelt's historic role in the Spanish American War:
The War began with Teddy Roosevelt as the Assistant Secretary of the Navy who participated in Spain's defeat and its loss of Caribbean and South Pacific possessions to the United States. Spain considered Cuba a province rather than a colony and risked everything to retain control of it. What it lost was the sinking of two naval squadrons of war ships at Santiago de Cuba and Manila Bay, the loss of the Island of Cuba and significant possessions in the Pacific... a terrible embarrassment and the beginning of the end of its empire. The result was the 1898 Treaty of Paris. The United States spoils of war were the possession of the Philippine islands, the territory of Guam, Puerto Rico and temporary control of Cuba. The initial experiment launched the United States as a global power and involvement in foreign entanglements.
While the Spanish government accepted every condition to avoid war, Teddy in his role as Deputy Secretary of the Navy, in the absence of John D. Long, the Secretary of the Navy, Teddy's boss at the time was not in Washington and without the knowledge or approval of President, McKinley, sent a message to Admiral Dewey, that the U.S. fleet was to attack the Spanish fleet anchored at Manila Bay.
The fact is that Spain actually capitulated and desired the end of hostilities through a diplomatic note requesting peace. War was declared the same day. One must ask the question: Why would the Spanish blow up the USS Naval ship Maine while pleading for peace? There were many commercial trade and shipping interests between Spanish Cuba and the United States with great wealth at stake that would be lost if Spain losing Cuba were to occur. President McKinley was hesitant to issue the order to invade Cuba. Teddy called him a weak jellyfish' *
Within two weeks after the declaration of war, Teddy resigned his assistant secretary of the Navy position and immediately joined the volunteer First Calvary under Leonard Wood and the Rough Riders as a Lt. Colonel, He brought with him his own publicity agent to follow his Cuban adventure where he led the charge up San Juan Hill. This adventure coupled with the publicity launched his campaign for vice president (and ultimately the presidency) which was forced on McKinley by the Republican Party. Convenient for Teddy, McKinley was assonated on April 25, 1901 and Roosevelt settled down in the Oval Office. The era of manifest destiny of America was at the point launched.
Behind the desk in the" oval office," Teddy continued his mission to lead the United States towards his dream of its manifest destiny's role by interfering or submitting to Europe's enticements in its complicated affairs. Involvement began in 1906, when the Central Banks of Europe and the head of government located at number 1, Downing Street in the City of London. German productivity and quality of products were an economic juggernaut that threatened the economies of the British and French as well as the Rothschild Banking interests. The United States was also producing at lower prices quality products that also had a similar effect.
The situation was intolerable and Teddy as president became the tool to involve his country in a war against Germany. The plan was to use the U.S as a source for funding France and Great Britain. The initial moves were to have Teddy's U.S. treasury purchase all goods and production from those countries that had traditional barter agreements with Germany as a method of non cash exchanges in goods and products. The purpose was to economically isolate Germany as a first step towards WW I. Earlier, the British financially supported the buildup of the Japanese Navy and funded the subsequent Russo-Japanese War which destroyed the Russian Navy and decimated its army. It was meant to weaken Russia, put a halt to the Siberian railroad into Manchuria which limited future economic competition in the region and would later cause the Tsar to be dependent on British geopolitical support in a military alliance against Germany. France was given Morocco in exchange for support in the planned future war to complete the encirclement. Once again, Teddy was called upon by his European backers to negotiate the treaty [The Treaty of Portsmouth] between the Russians and the Japanese. For his efforts, he was awarded the Noble Peace Prize in 1906. Germany was now surrounded by enemies. The trap would spring at a contrived incident such as the assassination of the Austrian Archduke Ferdinand.
After he declined to run for another term, Teddy expected his successor, President Howard Taft, a Republican, to follow his lead. But Taft didn't and the Rothschild interests were deeply disappointed that Teddy's replacement wasn't enamored with the idea of the U.S. money system to be transferred to the central European Bankers.
While President Theodore Roosevelt, was in office, he did a puzzling thing when he blocked what he labeled the Morgan trust as a cabal. Why did he fight to block J.P. Morgan so vigorously? J.P. Morgan was the most powerful non-Semite in the banking world and that was intolerable for Teddy's backers itching for a Federal Reserve Act to be passed at any cost so that the Jewish control by the Rothschild, Warburg, Schiff interests would not have a powerful American protestant banking interest to upset their plans to gain inroads into the American money system.
Taft was not a puppet of the Banking interests who were hell-bent to introduce a central banking system in which the central bank could use the United States Treasury to issue bonds, debt to be later redeemed by taxpayers. The Central Bank uses the issuance of the bonds to back printing debt created money.
To prevent Taft from winning a second term, Teddy now retired, formed the Bull Moose Party as its presidential candidate for the sole purpose of splitting the Republican vote in the all important presidential election. His plan was successful and President Taft lost the election only to be replaced by the Democrat Woodrow Wilson, the friend of the International, warmonger bankers located in London, Paris and Frankfurt, old line wealthy, bureaucrat aristocracy in Europe. As mentioned in Part 1, the Federal Reserve Act passed in 1912. and in addition the Wilson Administration was able to quickly push through congress approval of the Federal Income Tax in 1916.
Fractional Reserve Banking is the practice whereby a bank holds reserves in the amount equal to only a portion of the amount (10%) of the customers' deposits to satisfy potential demands for withdrawals. Reserves are held at the bank as currency, or as deposits reflected in the banks account at the central bank. Because bank deposits are usually considered money in their own right, fractional-reserve banking permits the money supply to grow to a multiple (called the money multiplier) of the underlying reserves of base money originally created by the central bank.
As an example in the case of government transactions related to all payments to its creditors, the suppliers (creditors) once they receive payment, deposit their checks from the federal government to their member bank in Federal Reserve insured member bank accounts such as weekly or monthly wages or payments received through direct deposit mechanically. A fraction of the money that the federal government deposits with the Central Bank by law must be kept in reserve to insure the 10 percent of the deposit will be used to cover emergencies and held in a separate account. When Central member banks deposit money to the government's creditors they in-turn make payments for bills, the unspent portion of the remaining deposits are re-circulated by the banks in the form of loans less the 10%. for reserves required by law. When the loans are repaid, the unspent deposits are circulated again less the 10% reserve.
This can go on mathematically for approximately 26 times before the Central Bank receives additional debt money via the treasury bonds created without backing except the full faith and credit of the United States (which now no longer is credible). The Central Bank's member banks use their authority to collect interest on these loan that are a portion of the unspent balance. and loan that out at interest,. When those loans are repaid , the interest collected on them is deposited in the member banks' own account, the principal is of course credited with the Central Bank account, but is eligible by the member bank to again loan out the principle charging interest on the loan. This is known as the fractional Reserve System.
The multiplier effect is 26 times the original amount that the original deposits issued by the treasury to be deposited that stems from treasury bonds authorized by congress. The bank makes money that they don't earn and deposit the proceeds (interest) received free to be used for the banks' coffers. The result is a monstrous explosion of circulating money to flood the system that affects the entire country. It's the world's biggest Ponzi game.
The dollar diplomacy and central baking's fractional reserve system first began in America during the second decade of the 20th century, barely 206 years after General Washington's death. He would turn over in his grave to learn that the nation ignored his warning to not be involved in foreign entanglements and to treat all nations with equanimity. In 2014, we have witnessed the national debt rising to $17 trillion dollars, a sum that can never be paid, a sum that is rapidly about to impoverish the citizens. WW 1, WWII. and all overt and covert engagements in non-war wars like the Korean War, the Vietnam non-war war; the stationing of American military in nearly every other country of the world; finally, it is asked to be involved in skirmishes as the world's policeman while Europe avoids involvement and expects the tottering USA to continue in its death rattle until the end.
To be continued....
� 2014 Joe Kress - All Rights