"In 1929 the collapse of the inflated stock market frightened all commercial banks of this country ( U.S.), Canada, and Europe into collecting every loan that could be collected by any means at their disposal, regardless of the consequences to society, instituting the most drastic and ruthless campaign of disastrous amd uncontrolled liquidation our productive and distributive system has ever been subjected to."
" This tragic and unnessary depression, with its untold suffering - its uncomputed and staggering losses - is the natural and inevitable result. There were no other contributing factors. Every depression we have ever known has been due to this cause, the contraction of credit....."
Writing the forward of Irving Fisher's book 100 PER CENT MONEY, he further states, " If all bank loans were paid, no one would have a bank deposit and there would not be a dollar of currency or coin in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit.
IF THE BANKS CREATE AMPLE SYNTHETIC MONEY, we are prosperous; if not, we starve!
When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible -- but there it is.
It ( the banking problem ) is the most important subject intelligent persons can investigate and reflect upon.
It is so important that our present civilization may collapse unless it is widely understood and the defects remedied very soon."
"The presidential office has been used to establish a conspiracy to destroy the freedom of the American people, and before leaving this office, I must inform the citizens of this critical condition."
Kennedy just 10 days before he was killed. University of Columbia, 12th Nov. 1963.
True reasons of JFK murder.
Sure they are plots, see Kennedy or Ferrayé
Please, click below.
John F. Kennedy Speech. 01:35
Monetary and subprime crisis as bad results
Plus lies about CO2 http://video.google.fr/videoplay?docid=-4123082535546754758
How was Johnson ?
Who is behind ?
World government, terrorism, microchip