The New Herod of International Bankers

Short Documentary on Father Charles E. Coughlin

By 2001, subsequent to the strange events of Sept. 11 (9/11), macho football frenzy had become predictable. That year, at the Chicago Bears-Atlanta Falcons NFL game at the Georgia Dome in Atlanta, the crowd erupted into chants of “USA! USA!” after joint U.S.-British strikes against Taliban forces in Afghanistan were announced. [1]

But maybe the football fans at the Bears/Falcons game were shouting “Usury! Usury!” and not “USA! USA!” Maybe the CNN reporter thought he heard “USA!” when what was really being screamed was “Usury!” Did the football fans realize the developing war was really about usury, and meant to crush Islamic opponents of usury? Iran, for example, refuses to submit to the global usury system. So does Syria. But “Syria is not the only country to find itself in the crosshairs of destabilization and direct military confrontation with Western powers where the presence of a government-owned central bank may stand as a significant deciding factor for invasion. Cuba, North Korea, and, notably, Iran all maintain such government banking systems. Coincidentally, all three of these nations, particularly Iran, have become major targets of Western imperialism as of late.” [2]

A government owned central bank is different than what we have in the United States. The so-called “Federal” Reserve is privately owned.

In 1932, Father Charles Coughlin perceived a biblical analogy, relating Great Depression hard times to the “New Herod” of international bankers. [3]

Unfortunately, by about 1938, Father Coughlin veered off into anti-Semitism. Nonetheless, parsing through some of his earlier, fiery radio sermons yields insights.

“For more than four thousand years,” begins Coughlin, “the great Jewish nation anticipated the coming of a Messiah to redeem them from the bondage and slavery which so often had encompassed the children of Israel.”

“As they dug ditches for the Assyrian or molded bricks for the Egyptian these people were constantly buoyed up with the promise that such slavery would not endure forever.”

And now (1932), realizes Father Coughlin, a “hitherto prosperous people [is] enslaved [again] by an invisible power from within! A throbbing, thriving nation [is] helpless as it writhes in the manacles of its own creation!”

Father Coughlin then unfolds “the sordid story of the International Banker.” As a caveat, Coughlin adds, “all bankers are not to be included in this indictment.”

There once were three kinds of money: gold, currency, and debt money. For each gold unit, 2.5 currency units and no more than 12 debt units were allowed. (Of course, nowadays this sound balance has gone wildly out of whack, with helicopters of cash being dumped onto markets.)

If the proportion of debt units rises beyond 12 (per gold unit), the currency money begins to disappear; it goes into hiding. “Understand that when credit money is squandered and dissipated it absolutely affects every paper dollar and silver coin that you possess.”

“Thus, a group of men who unwisely or unjustly accumulate unreasonable or unpayable debts is simply ruining their nation’s spending money.”

It was under the regime of Treasury Secretary Andrew Mellon that the conniving leading to the Great Depression was allowed. Atrocious activities had been practiced for 14 years, prior to 1932.

After the First World War, America became the creditor nation. Banking power was surrendered to the House of Morgan.

During the First World War, the American public had purchased Liberty Bonds to help finance the blood-letting. When “the war to end war” was over, lists of purchasers of the Liberty Bonds came into the possession of major bankers. With personal information now in hand, bankers flooded mailboxes with tons of literature. Speculation was massively encouraged.

Until then, it “had been the custom for the borrower to seek out the lender.” No more! Now it was the lender who sought the borrower!

The bankers had realized many gullible Americans could be enticed into buying most anything: the Statue of Liberty, swamp land in Florida — you name it.

The new scheme of the lenders ardently pursuing potential borrowers extended overseas. Enormous loans, for example, were made to Germany.

“And what happened to these loans? Did the International Bankers retain these bonds which had been traded for your good American money? They did not.” The bonds were “sliced and diced” (re-packaged) and purchased by suckers.

The 1920s-era bankers “peddled these bonds to the unsophisticated American public at 100c on the dollar. The banker was safe. He had real money in his pocket. But the investor held the bag filled with shrinking bonds.” For the bankers must have known these bonds, sold at full value, could never be paid back.

“But why did such things occur? Why did the great House of Morgan and Kuhn Loeb and their associates dupe the American public into buying questionable bonds?”

“The answer is simple. Profits! Greed! Exploitation! The banker made his profit in the same manner as the trick magazine salesman makes his.”

Besides the unsound lending and foisting off of dubious bonds onto ordinary, gullible Americans, approximately $74 billion (gold-backed dollars) were lost in the stock market. What Coughlin terms the “inflation” of the stock market, “had to be engineered if the International Banker wished to succeed in milking the American cow.”

Coughlin estimates $200-billion (gold-backed money) in debt having been shucked off onto the American public. How was the consequent problem to be solved?

When he came into office in 1933, Franklin Delano Roosevelt (FDR) confiscated gold from U.S. citizens. Dollars had been backed by gold. Following the stock market crash of October 1929, immense quantities of the metal substance began being shipped out of the United States. [4]

FDR began to create a new kind of cash, the funny money dollar. A “Novus Ordo Seclorum” was stamped on our money. Government debt began to slowly skyrocket, based on an economic theory of deficit spending. In hard times, the government would spend beyond its means. Forgotten though in the theory is, when good times return, government is supposed to pay back what it borrowed.

Present at the New York Stock Exchange on “Black Thursday”, October 24, 1929, was Winston Churchill, of the “Churchill gang.” (Background: Strange Death of FDR, Ersjdamoo’s Blog entry of January 13, 2014.) Churchill had been visiting at Percy Rockefeller’s office and had also met with Bernard Baruch that day. “Unable to restrain himself from viewing the carnage first-hand and up close, Churchill visited the New York Stock Exchange at 11:45.” [4]

(Portions of the above first appeared at my old Conspiracy Nation web site on October 7 and October 20, 2008.)

——- Sources ——-
[1] “Support strong in U.S. for Afghan strike”, CNN, Oct. 7, 2001
[2]  “Next Phase of Syrian Invasion Begins — The Central Bank Connection”, by Brandon Turbeville. Activist Post, June 20, 2013.
[3] “The New Herod: The International Banker”, Sermon by Rev. Chas. E. Coughlin, Dec. 11, 1932
[4] The Greatest Story Never Told, by Pat Riott (pseudonym). Oak Brook: Nanoman Press, 1994


About ersjdamoo

Editor of Conspiracy Nation, later renamed Melchizedek Communique. Close associate of the late Sherman H. Skolnick. Jack of all trades, master of none. Sagittarius, with Sagittarius rising. I'm not a bum, I'm a philosopher.
This entry was posted in Uncategorized. Bookmark the permalink.

One Response to The New Herod of International Bankers

  1. Pingback: Blood Bonds Of 1917 and Beyond | Ersjdamoo's Blog

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s