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Standard Oil, Big Pharma and the Fed are all linked by US History

Discussion in 'The Kruse Longevity Center' started by Jack Kruse, Apr 12, 2021.

  1. Jack Kruse

    Jack Kruse Administrator

    The WEF ran simulations around a "potential" global pandemic caused by a coronavirus. Months later it happened in 2020. Their latest simulations focus on a global financial cyber attack. Last night on 60mins, Jerome Powell alluded to this. It's as if they're coordinating in plain sight.


    This makes perfect sense when you understand who got McKinley elected, how McKinley got taken out, and who lost the most at that moment in Washington DC. https://www.politico.com/story/2018/12/03/this-day-in-politics-december-3-1027800

    The three men who pooled their money together to elect McKinley over Bryant in 1900 were Rockefeller, Carnegie, and JP Morgan. All Titans of industry who held monopoly power. This power was massive until...........McKinley was assassinated.

    The Fed came to fruition 18 months after Standard Oil Trust was broken up.
    The Supreme Court ruled against Standard “on the ground that it is a combination in unreasonable restraint of inter-State commerce,” The New York Times explained, adding that the court “thus definitely reads the word ‘unreasonable’ into the law.” The ruling, that only “unreasonable” restraint of trade constitutes a monopoly, was received by antitrust advocates as a narrow decision that favored the trusts. The Times reported that “the opinion prevailed that the decision was distinctly favorable to ‘big business.’”

    The court’s decision forced Standard to break into 34 independent companies spread across the country and abroad. Many of these companies have since split, folded, or merged; today, the primary descendants of Standard include ExxonMobil, Chevron, and ConocoPhillips.


    • Despite early attempts in the U.S. after the revolutionary war to form a central bank by Alexander Hamilton, these efforts failed due to political unfeasibility.
    • The banking panic of 1907, and at the urging of J.P. Morgan and other prominent financiers like Rockefeller and Carnegie, Congress eventually formed the Federal Reserve Act in 1913, establishing the Fed as America's central bank.
    • Recall that Rockefeller after his testimony said that he would see to it that the government would face retribution for this decision. The Supreme Court Ruled against Rockefeller eventually in 1909. Standard Oil of New Jersey was broken up and Big Pharma formed from parts of the Stand Oil trust and remains strong in NJ ever since the break-up. My Sept 2018 webinar covers this entire situation.
    • https://energyhistory.yale.edu/libr...ckefeller-president-standard-oil-company-1899
    In Nov 2020, during COVID the World Economic Forum - Carnegie letter was written. See below.
    https://unlimitedhangout.com/2021/0...emic-collapse-of-the-global-financial-system/



    https://learning.blogs.nytimes.com/...me-court-orders-standard-oil-to-be-broken-up/



    From December 1912 to December 1913, the Glass-Willis proposal was hotly debated, molded, and reshaped. By December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law, it stood as a classic example of compromise—"a decentralized central bank" that balanced the competing interests of private banks and populist sentiment. As we know the Fed is a centralized bank. But note what is recorded in history in this link:
    https://www.federalreserveeducation.org/about-the-fed/history


    Before the new central bank could begin operations, the Reserve Bank Operating Committee, comprised of Treasury Secretary William McAdoo, Secretary of Agriculture David Houston, and Comptroller of the Currency John Skelton Williams, had the arduous task of building a working institution around the bare bones of the new law. But, by November 16, 1914, the 12 cities chosen as sites for regional Reserve Banks were open for business, just as hostilities in Europe erupted into World War I.


    When World War I broke out in mid-1914, U.S. banks continued to operate normally, thanks to the emergency currency issued under the Aldrich-Vreeland Act of 1908. But the greater impact in the United States came from the Reserve Banks’ ability to discount bankers acceptances. Through this mechanism, the United States aided the flow of trade goods to Europe, indirectly helping to finance the war until 1917, when the United States officially declared war on Germany, and financing our own war effort became paramount.


    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.

    This tells you what the Fed really thinks about gold.
     
    GavinH likes this.

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