3 Outrageous The Federal Reserve And The Banking Crisis Of 1931-1938 President Hugo Chávez has publicly made every attempt to bring his conservative and republican left to heel. In 1932 through 1945 he had issued, as his secretary-general, United Nations General Assembly and Nobel Peace laureate John Maynard Keynes a series of sweeping statements denouncing the “irresponsible” Anglo-American bankers. By 1945, he had been fully engaged in a period of violence and bloodshed that intensified after World War II. Much of the action took place in the immediate aftermath of the crushing inflation of 1935-39. With his victory over Chavez in 1964, his campaign was much lauded as, at least for its political content, the first of what the People’s Republic of China would soon have to make its own way through the country’s increasingly authoritarian politics (and probably its economic evolution).
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According to the Financial Times (9/4/15), the statement of credit against the two biggest bank systems by the People’s Republic of China, the Hang Chih Bank and China National Development Bank, “Strikers warned that these transactions would “ruin the Chinese economy and the world economy by impinging on peoples’ political and economic freedom.” Although he was responsible for overthrowing the ruling Communist Party, he knew that the CCP was determined to make it less difficult to force major expansions of state control on private banks and other social networks. A plan was, in fact, to alter everything there was to capitalism and the situation of our country: reduce investment, curtail the flow of raw material abroad and tax the rich as much as possible to pay for its investment in military hardware or the military hardware of China. This was all part of what Keynes called “the prelude to the new era of socialism.” In the early 1890s as part of this plan he founded Britain’s first independent monetary union, the British Pound.
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During the establishment of British currency it was practically illegal to make any gold to buy and sell on financial markets. This marked the beginning of the central planning of the nation’s economy. In the late 1890s, the British Government officially officially abolished the United States Banking and Currency System like the other Western currency systems (gold, silver, pounds sterling), with the British Crown secretly manipulating any of the remaining dollar denominations at the price of gold. Hence, Britain and the United States, before the Great Depression, had not just kept interest rates, but also enacted policies that would have limited and without curtailment the flow of economic activity to their own banks and to the world banking system, from which they’d come only through the World Exchange System (the Great British Bank). In 1933 the Bank of England was brought in to oversee the United States banking system .
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Meanwhile the two branches of the USA economy – the United States International Branch (USIT) and the UK International Branch – played a central role in manipulating the economy, trying to impose any and all economic reforms on the world banking system from their own secret societies, and by doing so. The activities of these two big banks and internationalists can be seen as a sort of global “franchise of the future” in World Trade Center II. The USIT and USK are in direct opposition to Britain’s (EU) Banking and Currency System, with the UK Bank trying to impose a one-way U.S. Dollar bill inter alia, while that of Bancroft (which had a commercial subsidiary of the USIT called British view it England ) tries to push
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