True sponsors:Texan extremists & Military Industrial compex vs eastern establishment

[David Josephs]

David

I created this thread to show that there was never a war between the Yankies and the Cowboys but they always have mutual interests.
Your Textron article proves that the MIC needed the necessary financing by the east coast elite to fund their wars. The American Century as Henry Luce liked to call it was build on two pillars:The dollar and the war machine

While I appreciate what you've posted... I believe you are one step short though... the BANK OF BOSTON is not on its own... Sun Life, The Insurance companies of the NE, Morgan etc... are outshoots and representatives of INTERNATIONAL BANKING which started in England and controls most of the nations today....

The "American Century" started out with a Banking crisis and the Fed Reserve Act.... immediately following, a need for MASSIVE BORROWING and the TRIPLING of the national debt. WAR remains the only way to deplete military stockpiles and create HUGE need for restock and expansion.... following years in which recession followed by Depression allows ownership of key industries to be consolidated for the oncoming planned WAR where Germany is financed and supported by a myriad of International and US bankers...

The "American Cantruy" was build on deceit, fraud, conspiracy and the wholesale theft of the USA.... to confine this analysis to "east coast elite" is to do a disservice to the reality of the situation... Like the CIA, the banking resources were everywhere... with the CIA aiding and abeiting these banking cabals... America is so wonderful that private citizens can run their own wars in direct conflict to US foreign policy... thereby creating US foreign policy... the CFR and NSA are the two pillars of the last century... and succeeded in taking complete control of the US in less than 100 years.
DJ

[TABLE]


[TR]

[TD="width: 113"]Nov 16,1914[/TD]

[TD="width: 833, align: left"]Federal Reserve Banks open for business.[/TD]
[/TR]

[TR]

[TD="width: 113"]Jan 25,1915[/TD]

[TD="width: 833, align: left"]Telephone service begins between New York and San Francisco.[/TD]
[/TR]

[TR]

[TD="width: 113, align: right"]Oct 15,1915[/TD]

[TD="width: 833, align: left"]U.S. bankers float $500 million loan to Britain and France at 5 percent.[/TD]
[/TR]

[TR]

[TD="width: 113"]Sep 8,1916[/TD]

[TD="width: 833, align: left"]Emergency Revenue Act doubles income tax rates, adds estate tax and munitions profits tax, and
establishes Tariff Commission.[/TD]
[/TR]

[TR]

[TD="width: 113, align: right"]Nov 7,1916[/TD]

[TD="width: 833, align: left"]Wilson is reelected as President.[/TD]
[/TR]

[TR]

[TD="width: 113"]Feb 3,1917[/TD]

[TD="width: 833, align: left"]USS "Housatonic" is sunk by German submarine, and U.S. breaks diplomatic relations with
Germany.[/TD]
[/TR]

[TR]

[TD="width: 113, align: right"]Mar 3,1917[/TD]

[TD="width: 833, align: left"]Special Preparedness Fund Act provides for excess profit taxes and higher inheritance taxes.[/TD]
[/TR]

[TR]

[TD="width: 113"]Apr 2,1917[/TD]

[TD="width: 833, align: left"]Wilson calls special session of Congress for declaration of war against Germany. (On April 4,
Senate votes for war and house concurs on April 6.) [/TD]
[/TR]

[TR]

[TD="width: 113, align: right"]Apr 24,1917[/TD]

[TD="width: 833, align: left"]Emergency Loan Act authorizes issue of $5 billion in bonds at 3.5 percent.[/TD]
[/TR]

[TR]

[TD="width: 113"]Jun 21,1917[/TD]

[TD="width: 833, align: left"]Federal Reserve Act is amended to encourage membership, mobilize gold reserves, and facilitate issue
of notes.[/TD]
[/TR]

[TR]

[TD="width: 113"]Oct 1,1917[/TD]

[TD="width: 833, align: left"]Second Liberty Loan offers $3 billion in bonds at 4 percent.[/TD]
[/TR]

[TR]

[TD="width: 113"]Oct 3, 1917[/TD]

[TD="width: 833, align: left"]War Revenue Act doubles income taxes, provides for excess profits tax, and imposes many
excises.[/TD]
[/TR]

[TR]

[TD="width: 113, align: right"]Nov 6, 1917[/TD]

[TD="width: 833, align: left"]Russian Bolshevist overthrow Kerensky's Provisional Government, placing Lenin in power.[/TD]
[/TR]

[TR]

[TD="width: 113"]Dec 7,1917[/TD]

[TD="width: 833, align: left"]U.S. declares war on Austria-Hungary.[/TD]
[/TR]

[TR]

[TD="width: 113"]Dec 26,1917[/TD]

[TD="width: 833, align: left"]The U.S. Railroad Administration takes charge of the nation's railroads.[/TD]
[/TR]

[TR]

[TD="width: 113"]Apr 5,1918[/TD]

[TD="width: 833, align: left"]Third Liberty Loan offers $3 billion in bonds at 4.5 percent.[/TD]
[/TR]

[TR]

[TD="width: 113"]Sep 28,1918[/TD]

[TD="width: 833, align: left"]Fourth Liberty Loan offers $6 billion in bonds at 4.25 percent[/TD]
[/TR]

[/TABLE]



http://www.federalreserveeducation.org/a...d/history/

Following World War I, Benjamin Strong, head of the New York Fed from 1914 to his death in 1928, recognized that gold no longer served as the central factor in controlling credit. Strong's aggressive action to stem a recession in 1923 through a large purchase of government securities gave clear evidence of the power of open market operations to influence the availability of credit in the banking system. During the 1920s, the Fed began using open market operations as a monetary policy tool. During his tenure, Strong also elevated the stature of the Fed by promoting relations with other central banks, especially the Bank of England.

http://www.wnd.com/2008/03/59405/
In "A Monetary History of the United States," Nobel Prize-winning economist Milton Friedman along with coauthor Anna J. Schwartz lay the mega-catastrophe of the Great Depression squarely at the feet of the Federal Reserve.

The Federal Reserve System had been established to prevent what actually happened. It was set up to avoid a situation in which you would have to close down banks, in which you would have a banking crisis. And yet, under the Federal Reserve System, you had the worst banking crisis in the history of the United States. There's no other example I can think of, of a government measure which produced so clearly the opposite of the results that were intended.

Funny thing... those behind creating it wind up doing extremely well in the years following... a "gov't measure" financed by the uber wealth that winds up only making THEM money and crippling the US economy in the meantime...
None DARE call it conspiracy, right?

The Banking Act of 1935 called for further changes in the Fed's structure, including the creation of the Federal Open Market Committee (FOMC) as a separate legal entity, removal of the Treasury Secretary and the Comptroller of the Currency from the Fed's governing board and establishment of the members' terms at 14 years. Following World War II, the Employment Act added the goal of promising maximum employment to the list of the Fed's responsibilities. In 1956 the Bank Holding Company Act named the Fed as the regulator of bank holding companies owning more than one bank, and in 1978 the Humphrey-Hawkins Act required the Fed chairman to report to Congress twice annually on monetary policy goals and objectives.