The US 1907 Panic
Executive Summary
- This was a panic created by private banking interests to promote a private central bank.
Introduction
The Banker’s Manifesto was published in 1897 and 1934. One quote from it is the following.
“Capital must protect itself in every way through combination monopoly and through legislation. Debts must be collected and loans and mortgages are closed as soon as possible. When through a process of law, the common people have lost their homes they will be more tractable, and more easily governed by the strong arm of the law applied by the central power of wealth. Under control of leading finance ears, people without homes will not quarrel with their leaders. This is well known among our principal men, now engaged in farming and imperialism have capital to govern the world.”
There are ample quotations that blamed this panic on bankers who desired to create a pretext for another private central bank after the first two failed to have their charters renewed. Here is one quotation on this very topic.
“All problems, depressions, wars, disasters, assassinations, all of them were planned, caused, instigated, and implemented by the International Bankers and their attempt to establish a central bank in every country in the world, which they have now done, thanks to corrupt politicians who have been bought and paid for. This is all you need to know about the history of the world.” ~ Mary Elizabeth Croft / AZ Quotes.
This echos a quote from Abraham Lincoln.
“The money power preys on the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes.” ~ Abraham Lincoln / AZ Quotes
Source: Bankers Manifesto