Building the new world order: Warning to the people

There was no king present in the USA. The absence of a king taught the great bankers who migrated to this new world something new: it was impossible to buy off kings and sultans, but in democracies it was possible to buy off a deputy, a minister or even a prime minister. Especially if they were a little bit fond of money, being rich and got involved in corruption, things could go much easier. The fear of falling from power, the necessity to win the next election, and the need for money to win next election made elected politicians controllable. The republican regime and democracy were more favorable governmental systems for ultra-rich who controls huge capital.  Empires had to be ended, and small countries ruled by the Republic had to be created out of empires torn apart by nationalist currents. Of course, while doing all of this, the international monetary system had to also be changed and a new monetary system in which the global capital would be more effective had to be established.

Transition to the cash system

As World War I approached, there was a serious ongoing economic crisis in the world. In 1907, the churn of Wall Street had created great panic, causing everyone to want to storm the banks and withdraw their money. The banks were all private, they were collecting money from the deposits of the public and distributing these deposits as loans to investors or lending them to the government. Banks were able to distribute much more credit and loans than deposited in this system called “bank deposits”. In this respect, when people wanted to withdraw their money in panic, it was not possible for banks to meet the amount of money people requested. Because money had a gold equivalent, it was not possible to generate extra money.

Finance giant J.P. Morgan did his best to save the sinking banks, but his economic strength was insufficient. In order not to experience similar crises again, J.P. Morgan imposed the central bank idea that he had been thinking for a long time on the Federal Government. Eventually, President Woodrow Wilson signed the Federal Reserve Act on December 23, 1913, authorizing 12 Federal Reserve banks to issue money to ensure economic stability. There was now a flexible monetary policy. In a crisis to be experienced, when the public attacked the banks in panic, the green bills (dollar) would be printed and given to the citizens, thus preventing the bankruptcy of big banks. The wealth of the ultra-rich had to always be secure.

The New York Reserve Bank, the largest of the 12 Federal Reserve Banks, was in key position. The Federal Reserve Board, at the top of all Federal Central Banks, were determining the monetary policy. This whole system was called the Federal Reserve (FED). The FED first minted a new currency in 1914, called the Federal Reserve Note. Thus, the “dollar” was born. This green bill was not backed up by gold. There was only a government guarantee behind it. The value on the bill was guaranteed to be paid by the American State. The government had given the FED the power to issue money, but this institution was not under the control of the US Government. Thus, 8 families holding their shares in the Central Bank had gained the power of creating money.

When this green dollar bill was first printed, it had no value outside of the United States. At that time, the US economy had surpassed the British economy as the greatest economy in the world. However, Britain was still at the center of world trade. The British pound was still fixed to and backed up by gold and many countries were engaging in trade in British pounds. World War I was going to change this order. When the war broke out, many countries had to abandon the gold standard to pay their military expenses in cash. At the end of the war, European economies had collapsed, empires were fragmented, republic-ruled nation-states had emerged. The gold standard had to be abandoned. The strongest currency was the dollar, the currency of the US, which hadn’t experienced war on its territory. The great bankers had succeeded in establishing the world order they wanted.

The Bretton Woods System

The dollar’s reign did not last long. The inability of the FED to manage the money supply and printing excessive dollars caused the “Depression of 1929”. The depression had hit the whole world. Especially in industrialized cities, the streets were full of an army of unemployed and homeless. Agricultural production had fell, and food was difficult to access. There was a 42% decrease in the production of goods and services worldwide, and world trade had decreased by 65%. There was only one way out of this deep economic crisis; war. The war would automatically abolish unemployment, some of the unemployed population would die, and the stalled factories would start working again to produce weapons. A new monetary system and a new world order would be built from the destruction caused by the war. In the meantime, the great bankers would also be earning a whole lot of money.

World War II had destroyed all warring countries, except the United States, which did not see war on its territory. The need for reconstruction in these countries meant the growth of economies. A system that would control both economic growth and the world had to be established. The victorious states after the war sat at the bargaining table for establishing the new world order. The United States, by dropping atom bombs on Hiroshima and Nagasaki, sat at the table with a terrifying show of force, dictating the new world order to everyone. State representatives were sitting on bargaining table, but behind them all was the Global Capital, or in other words, “Stateless Money”. Stateless Money has no nationality, no party line, (no religious) morality and owes nothing to anybody except its owners and shareholders. The United Nations, World Bank, International Monetary Fund and the first core of World Trade Organization, GATT, was established. The US dollar was agreed to be made a world reserve currency with the agreement signed at the UN monetary and finance conference, gathered in Bretton Woods, a small town in the US state of New Hampshire. Trade in the world would now be conducted in American dollars. The dollar had its gold equivalent. For $ 35, 1 ounce of gold (31,03 g) could be purchased. The dollar was again the strongest currency in the world. Therefore, the families that retained the authority to print the dollar were back on their thrones again.

Transition to the petro-dollar system

This order also did not last long. After being destroyed in war, Europe gradually recovered, started production again and rejoined the negotiation for the market. After a while, European countries, which were raising money by selling goods to the whole world, were saying “take your green dollar bills and give our gold back” to the USA. The FED did not have enough gold stocks to meet the demand of European countries. US President Richard M. Nixon announced to the world in 1971 that the dollar did not have an equivalent to gold. The Bretton Woods deal had collapsed. The dollar began to depreciate rapidly. With the weakening of the dollar, Stateless Money (Global Capital), which held the power to create and print the dollar, was also weakening. The 8 families were losing their control of the world. The rapidly depreciating dollar had to be saved.

In this period when nuclear weapons were becoming widespread, another world war could be the end of the world. A war of smaller scale was required to bring the new monetary system to life. The solution was found by the US Secretary of State, Henry Kissinger. In 1973, the Yom Kippur war took place. The Arabs attacked Israel on their holy holiday. It was the USA that encouraged the Arabs to attack, who set up the bench behind the scenes.