March 22, 2016

F. William Engdahl - The Lost Hegemon: Whom the gods would destroy

"It's the history of how America was hijacked in a silent coup d'├ętat by Wall Street bankers. Now, they just spit their tongues out at the American population and say 'you can't do anything, we're too big to fail.' You can go back in history to every failed great nation, and it's always due to this internal rot because of usury, because of the misuse of interest and money, money and banking. The state gives away control of printing money, the most precious sovereign quality that a state can have. The U.S. did it in 1913 when Woodrow Wilson committed treason against the Constitution and signed the Federal Reserve Act. That's basically the case. It's a very old world game. It goes back to the Babylonians. You can pick any example you want. I prefer the Romans because it's culturally so similar to the internal rot of American culture. In my lifetime I can visibly feel it since the 1950s when I grew up." -  F. William Engdahl [1:40 - 2:51 in the video below].

Douglas Miller, the editor and English translator of Goethe's Scientific Studies, wrote:
"Goethe's negative views on paper money are reflected in Part II of Faust where Mephistopheles persuades the Emperor to introduce paper money based on the value of an undiscovered buried treasure. This plan later proves ruinous for the empire." (Pg. 322).
An excerpt from, "How Goethe’s masterpiece is shaping Europe" By John Plender, Financial Times, December 29, 2011:
The fear of currency debasement was entrenched long before the 20th century. Frederick the Great in the Seven Years War debauched the currency several times to fund the fighting. Note, too, that Goethe’s Faust Part II brilliantly describes the perils of inflation. Mephistopheles urges the emperor to use undiscovered gold beneath his lands as putative collateral for promissory notes to pay the army. When the emperor and his court find they can print money without restraint, their wild spending leads to an inflationary spiral and civil chaos.

This, from the man who served as privy councillor at the court in Weimar, was more than prescient, given that Germany had yet to acquire a note-issuing bank when the work was written. Goethe probably drew on experiences of revolutionary France. The National Assembly’s issue of assignats – certificates supposedly backed by the value of church properties confiscated in 1790 – ballooned out of control. Goethe’s masterpiece no doubt helped embed the anti-inflationary mentality in Germany’s educated class.
Video Title: The New World Order, a picture so incredible few could imagine. Source: 911truthncDotOrg. Date Published: March 22, 2016.