Many years ago I read an interesting story regarding an alleged argument between the banking elites in Europe and the "United States of America Incorporated" (circa 1870s), in relation to the 'labor management system' required to engineer and build the City of London's 'Industrial Revolution.'
Allegedly the North American banking interests were still pushing for some form of 'institutional slavery' but the Europeans argued for a modernized system of 'serfdom.'
"Keeping slaves," they argued, "required accomodation, food, medicine, hospitalization..." In effect a kept slave necessitates similar expense and treatment accorded to the best 'yoked' animals in our business stables and pastures. The employed serf ('wage-slave') can be dismissed at will, works for a pittance under duress, feeds and clothes his family, will happily pay us three times for a mortgaged house over a generation, and will be totally dependent upon the 'Owners of Capital' for his continued mutual survival."
And better still -- according to the story -- by releasing slaves, more 'money' could be borrowed into existence by the new tranche of 'freed-men' using their 'Credit System" to further empower the generational plan of the global elite usurers for absolute world control.
So the tragic, ruthless, employment system we now must all endure in the West (and eventually in the East) was created over a century ago by -- and for -- the personal benefit of the richest people on Earth.
Humbling, isn't it?
coburg
Quote: "Dear Sirs: A Mr. John Sherman has written us from a town in Ohio, U.S.A., as to the profits that may be made in the National Banking business under a recent act of your Congress (National Bank Act of 1863), a copy of which act accompanied his letter. Apparently this act has been drawn upon the plan formulated here last summer by the British Bankers Association and by that Association recommended to our American friends as one that if enacted into law, would prove highly profitable to the banking fraternity throughout the world.
Mr. Sherman declares that there has never before been such an opportunity for capitalists to accumulate money, as that presented by this act and that the old plan, of State Banks is so unpopular, that the new scheme will, by contrast, be most favorably regarded, notwithstanding the fact that it gives the national Banks an almost absolute control of the National finance. 'The few who can understand the system,' he says 'will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantages that capital derives from the system, will bear its burdens without even suspecting that the system is inimical to their interests.'
Please advise us fully as to this matter and also state whether or not you will be of assistance to us, if we conclude to establish a National Bank in the City of New York... Awaiting your reply, we are." (Rothschild Brothers. London, June 25, 1863).
