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email this blogthis share to x share to facebook share to pinterest the corrupt origins of central banking frank zappa the central scrutinizer the corrupt origins of central banking by thomas dilorenzo central banking has been a corrupt mercantilist scheme and an engine of corporate welfare from its very beginning in the late 18th century the first central bank the bank of north america was driven through the continental congress by congressman and financier robert morris in the spring of 1781 wrote murray rothbard in the mystery of banking p 191 the philadelphia businessman morris had been a defense contractor during the revolutionary war who siphoned off millions from the public treasury into contracts to his own firm and to those of his associates he was also leader of the powerful nationalist forces in the new country the main objective of the nationalists who were also known as federalists was essentially to establish an american version of the british mercantilist system the very system that the revolution had been fought against indeed it was this system that the ancestors of the revolutionaries had fled from when they came to america as rothbard explained their aim was to reimpose in the new united states a system of mercantilism and big government similar to that in great britain against which the colonists had rebelled the object was to have a strong central government particularly a strong president or king as chief executive built up by high taxes and heavy public debt the strong government was to impose high tariffs to subsidize domestic manufacturers develop a big navy to open up and subsidize foreign markets for american exports and launch a massive system of internal public works in short the united states was to have a british system without great britain p 192 an important part of the morris scheme as rothbard called it was to organize and head a central bank to provide cheap credit and expanded money for himself and his allies the bank of north america was deliberately modeled after the bank of england the bank was given a monopoly privilege of its notes being receivable in all tax payments to state and federal government and no other banks were permitted to operate in the country it graciously agreed to lend most of its newly created money to the federal government wrote rothbard and the hapless taxpayers would have to pay the bank principal and interest despite these monopolistic privileges a lack of public confidence in the bank s inflated notes led to their depreciation and the bank was privatized by the end of 1783 but morris did not give up on his scheme he recruited a young alexander hamilton to serve more or less as his political puppet within the washington administration rothbard called hamilton morris s youthful disciple in fact the reason why hamilton became treasury secretary despite having no reputation at all in the field of finance was the recommendation by morris to george washington during the revolutionary war when he was an aide to washington hamilton took the time to write morris a 30 page letter proclaiming that he agreed with every one of his ideas about protectionist tariffs corporate subsidies and a government run bank to finance them morris and his fellow nationalists wanted a king like chief executive who would rule over a mercantilist empire just as the king of england ruled over his mercantilist empire they of course would be the ones to advise and instruct the king and benefit financially from such an empire so their young protégé hamilton commenced his seven year crusade to overthrow the first us constitution the articles of confederation by calling for a new constitutional convention to supposedly revise the articles of confederation at the convention hamilton laid out his really morris s plan a permanent president who would appoint all the governors and who would have veto power over all state legislation under such a plan state sovereignty would have been destroyed and there would have been no escape from the central government s high taxes protectionist tariffs heavy debt and foreign policy imperialism the agenda of the nationalists the hamilton morris plan was defeated of course as was the proposal made at the convention to include a central bank among the delegated powers to the federal government but the government was more highly centralized as the nationalist forces pushed through a new constitution and were on their way to re establishing the mercantilist and statist british model p 193 they begrudgingly acquiesced in a bill of rights in return for the anti federalists support for the new constitution and most importantly writes rothbard a critical part of their program was put through in 1791 by their leader secretary of the treasury alexander hamilton a disciple of robert morris hamilton put through congress the first bank of the united states modeled after the old bank of north america whose longtime president and former partner of robert morris thomas willing of philadelphia was made president of the new bank in making his case to president washington for the constitutionality of a central bank which had been explicitly rejected at the constitutional convention hamilton invented the idea of implied powers of the constitution these were powers that were not expressly delegated to the federal government in the document but could be implied by clever lawyers like hamilton this of course became a roadmap for the total destruction of constitutional limitations on the powers of the federal government the first bank of the united states promptly fulfilled its inflationary potential rothbard writes in his history of money and banking in the united states p 69 it issued millions of dollars in paper money and demand deposits pyramiding on top of 2 million in specie the bank invested heavily in the us government and the result of the outpouring of credit and paper money by the new bank of the united states was an increase in prices of 72 percent from 1791 1796 northern merchants provided the main political support for hamilton s bank whereas southern politicians like jefferson supplied most of the opposition to it seeing it as nothing more than a vehicle for financing an american version of the corrupt british mercantilist system which would be destructive of liberty and prosperity they were right of course and remain right to this day thomas dilorenzo is professor of economics at loyola college in maryland and a member of the senior faculty of the mises institute he is the author of the real lincoln lincoln unmasked how capitalism saved america and more recently hamilton s curse queen ogre battle the coming battle by m w walbert 1899 i origin of the money power in america ii origin of the present national ranking system iii national banks and silver iv conspiracy of new york and london bankers and bondholders to remonetize silver v efforts to remonetize silver and preserve the greenback vi the national banks wage war upon the credit of the united states vii national banks secure a continuation of their existence viii the national banking money power secures complete control of the treasury ix money power of england and united states combine to annihilate silver x national banking money power brings on the panic of 1893 xi special session of congress repeals the sherman law xii senate votes for repeal xiii efforts of administration to force carlisle bill through congress xiv national banks and the administration combine to issue bonds in time of peace xv campaigns of 1896 posted by babbazee at 8 09 am no comments email this blogthis share to x share to facebook share to pinterest friday november 7 2008 friday night cartoon merrie melodies pagan moon 1932 posted by babbazee at 7 54 pm no comments email this blogthis share to x share to facebook share to pinterest wfrl down on me janis joplin big brother down on me thou shalt not lie with mankind as with womankind it is abomination leviticus 18 22 there shall be no whore of the daughters of israel nor a sodomite of the sons of israel deuteronomy 23 17 for this cause god gave them up into vile affections for even their women did change the natural use into that which is against nature and likewise also the men leaving the natural use of the woman burned in their lust one toward another men with men working that which is unseemly and receiving in themselves that recompense of their error which was meet romans 1 26 27 posted by babbazee at 12 18 pm no comments email this blogthis share to x share to facebook share to pinterest missing links gort klaatu obama nikto klaatu 1977 calling occupants of interplanetary craft in your mind you have abilities you know to telepath messages through the vast unknown it s a cookbook flashback obamanable weapons of mass deception pentagon preps for hopium capitalism vs socialism the audacity of inflated expectations israeli fm no real differences between bush obama over iran rice all but concedes israel palestinian peace deal gaza quints named after terrorists hamas threatens to boycott palestinian talks israel urges us not to rule out military option in iran iranian official urges obama to end us sanctions sarkozy pledges france s support on iran iran says eu s solana wants more nuclear talks rogue states and terrorists could exploit presidential handover iran cuba and venezuela hail obama win paulson said on thursday he would work for a smooth and effective transition to obama s government that would be in the best interests of the financial markets among the names mentioned as paulson s possible successors are the former federal reserve chairman paul volcker 81 and larry summers 54 who served as treasury secretary under president bill clinton now seize freedom emanuel was director of freddie mac during scandal as spitzer is cleared experts cite precedent obama is the hot new baby name judge bans use of the words illegal and aliens big problem pentagon can t track afghan small arms martial law imposed in southern peru told yez so long time ago bus bomb kills 11 in north ossetia thousands rally against georgian leader so much for the rose revolution that s baker s outfit btw the orwellian institute for peace indonesia sharia banking set for 50 growth by 2010 kuala lumpur the swift rise of the islamic finance industry could hit a wall in the coming years as the sector struggles to find enough experts to do the job an industry official said on tuesday the us should ban shari a finance licking the blood of westerners jihad against free speech rip jimmy carl black medvedev identifies russia s 1 enemy russia helps solidify missile defense in europe us sends russia proposals eu envoy sees caspian gas deal with turkey in 2009 uzbekistan rules out direct gas exports to eu hungary s nabucco head meets austrian economy minister eu s piebalgs in turkey on nabucco talks yes that s really his name this shit just writes itself russia belarus and ukraine offer arms to qaddafi holbrooke outlines approach to afghanistan and russia holbrooke a former ambassador to the united nations is touted as a possible secretary of state in the obama administration volcano spews ash 4000 meters in russia s far east alaska volcanic eruption captured by satellite pain may be pleasurable for some bullies insert your own joke here un official angolan troops fighting in congo richard o brien rocky horror picture show science fiction double feature michael rennie was there the day the earth stood still he told us where we stand posted by babbazee at 9 15 am no comments email this blogthis share to x share to facebook share to pinterest thursday november 6 2008 wfrl jezebel edith piaf jezebel 1951 jezebel was the phonecian wife of ahab king of biblical israel from around 871 to about 852 bc she was also the daughter of ethbaal king of sidon jezebel worshiped satan under the name of the pagan god baal she was instrumental in leading israel into moral corruption and idol worship jezebel was entirely evil both elijah and elisha laid more blame on jezebel than on ahab for the persecution of god s prophets during their reign elijah prophesied that jezebel would be torn apart by the dogs of jezreel in 1 kings 21 23 btw jezebel s daughter athaliah later became queen of judah and she too was proven evil so one day elijah throws down with the prophets of baal on mount carmel and ultimately kills them all at this point jezebel vows to kill elijah so elijah must flee for his life meantime jehu gets anointed to become the future king of israel he is instructed to destroy the family of ahab to avenge the murder of the lord s prophets and to avenge the deaths of all the other people destroyed by jezebel jehu sees jezebel in the high palace window and he calls upon the people in the palace to throw her ass down and so they tossed her out of the window exactly as elijah had prophesied the dogs tore her body to pieces in revelation 2 jezebel s name is used to represent the female aspect of an important demonic principality spirit she is described there as a false prophetess who seeks to lure christians into idolatrous practices this is the only place in the nt where her name appears the entire story of jezebel can be found in 1 kings chapters 16 18 19 21 and 2 kings chapter 9 her royal seal was unearthed in israel in 2007 fit for a queen jezebel s royal seal note from jehu good work babba now interesting that ethball king of the sidonians was a direct descendent of ham via canaan gen 10 15 15 canaan was the father of sidon his firstborn a and of the hittites now noah had cursed canaan ham s firstborn son for the fact that ham had laughed at his father s nakedness this was a high spiritual crime in that ham was channeling satan but noah would not curse his own son that was a reflection on himself so he cursed ham s son canaan and canaan s firstborn was sidon so jezebel is a direct lineage to the curse and is a nephelim a person that is not demon possesed but fallen angels including satan can move through them see book of job when god asks satan where have you been satan responds i have been traveling in the earth and up and down in it in other words bouncing around in human channels in order to accomplish his purposes think of stalin hitler pol pot mau etc so jezebel represents the fallen angel that is assigned to thwart the people of god she is the designated spirit to fight the prophetic or the prophets posted by babbazee at 7 53 pm no comments email this blogthis share to x share to facebook share to pinterest is this tomorrow soviet propaganda cartoon to you moscow 1947 posted by babbazee at 2 02 pm no comments email this blogthis share to x share to facebook share to pinterest missing links through the roof underground gogol bordello through the roof underground and as the upperdog leisurely sighing the local cultures are dying and dying the programmed robots are buying and buying and a psycho load of freaks they are still tryin...