The Most Revolutionary Act

Diverse Ramblings of an American Refugee

Dr Stuart Jeanne Bramhall

Dr Stuart Jeanne Bramhall
New Plymouth, New Zealand
December 02
Retired psychiatrist, activist and author of 2 young adult novels - Battle for Tomorrow and A Rebel Comes of Age - and a free ebook 21st Century Revolution. My 2010 memoir The Most Revolutionary Act: Memoir of an American Refugee describes the circumstances that led me to leave the US in 2002. More information about my books (and me) at

OCTOBER 16, 2011 4:28PM

Naming Names: Exposing the World Banking Fraternity

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Meyer Rothschild 1744-1812

Meyer Rothschild 1744-1812

Book Review (Part 2 of 3)

Tragedy and Hope: A History of the World in Our Time

Carroll Quigley (1966 MacMillan)

Tragedy and Hope is a free download


After providing a basic introduction to the fractional reserve banking system, Tragedy and Hope goes on to list the banking dynasties that have held near absolute control of the global money supply since 1694. A long time Washington insider (and mentor to Bill Clinton),  Quigley identifies the banking cartel formed by Frankfurt banker Meyer Rothschild as the most powerful. At the time of his death, Rothschild’s five sons each controlled a major investment bank in Vienna, London, Naples, Paris and Frankfurt. Quigley lists the investment bank formed by the J.P. Morgan family as second to the Rothschild banks in power and influence, followed by the Baring Brothers, Morgan Grenfell, the Lazard Brothers, Erlanger, Warbur, Shroder, Seligman, the Speyers, Mirabaud, Mallet and Fould.

Prior to 1932, investment banks were mostly privately owned and operated (unlike publicly traded corporations). This allowed their owners to conduct their affairs (i.e. their secret meetings with foreign investment banks) in total secrecy, as well as pass both ownership and control to their heirs. In the second half of the 19th century, some investment bankers used their immense financial holdings to gain direct control of important sectors of the productive economy in addition to their banking interests. The Rothschilds ultimately came to dominate many of the European railroads, as well as acquiring a major interest in European oil companies, while Morgan eventually controlled 26,000 miles of American railroad.

The Council on Foreign Relations

Quigley also talks about the network of secret round tables of international corporate and banking elites started by Cecil Rhodes and expanded perpetuated by his followers with the sizable estate he left them. At their founding, they had the stated purpose of spreading British the virtues of “ruling class” tradition throughout the English speaking world and solidifying the political power and influence of the British Empire. The US Council on Foreign Relations, one of the secret round tables started by Rhodes’ followers, was started in 1919, with the explicit goal of influencing the foreign and domestic policies of a former colony over which Britain no longer had direct control.

How English Banks Controlled the US Government

According to Quigley, the US was consistently a debtor nation prior to World War I. Following the 1776 revolution, US government and businesses continued to borrow funding for industrial and colonial expansion from English and European investment banks. The American banker, JP Morgan, collaborated with European investment banks to dictate US foreign and domestic policy. They did so by threatening to destroy the US economy by 1) refusing to renew treasury bonds (issued in return for bank loans) 2) causing a panic by throwing large numbers of shares on the stock market or 3) destroying the value of railroads and other companies they owned by loading them up with worthless assets. Quigley relates how they engaged in all three tactics at various times throughout the 19th century, resulting in a series of booms, panics, recessions and depressions that wreaked havoc with American economic development.

How the Gold Standard Caused Deflation

Prior to 1932, when the US and most other countries went off the gold standard, investment banks forced all western governments to enact policies that created deflation by limiting the money supply. A constant or shrinking money supply during periods of industrial expansion substantially increases the demand for credit, which allows banks to jack up interest rates. Baby boomers will recall when they did this to Carter – just before he lost to Ronald Reagan. Interest rates shot up to 12%, accompanied by massive unemployment.

During most of the 19th century, international investment banks collaborated to enforce this deflationary policy by forcing all western governments to agree to a gold standard, tying all currency to a fixed amount of gold. Because the gold supply was constant, this forced countries like the US to finance a period of rapid industrial expansion with a shrinking money supply. Even though industry and agriculture were booming, producers had no choice but to lower their prices because people had no money to buy them.

The agricultural sector suffered most during this period. Farmers who took out high interest bank mortgages were forced to sell their crops to bank-controlled food processors at prices that were far below the repayments they owed the banks. As a consequence, banks managed to seize much of their lands. Only North Dakotan farmers figured out how to escape their grasp by lobbying the legislature to form America’s first and only state-owned bank (the Bank of North Dakota) in 1919.

To be continued.

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I wouldn't trust to much in what Quigley had to say being a mentor to Slick Willy is like being the mentor to a Death Adder.I am surprised he even mentioned Cecil Rhodes, probably because Rhodes was already long gone at the time he wrote the book and he hadn’t yet made the acquaintance of everyone's favorite Death Adder and most famous Rhodes Scholar.

“J.P. Morgan family as second to the Rothschild banks in power and influence, followed by the Baring Brothers, Morgan Grenfell, the Lazard Brothers, Erlanger, Warbur, Shroder, Seligman, the Speyers, Mirabaud, Mallet and Fould”.

Now I know where the Synagogue of Satan comes from. Does Quigley also mention that Stalin was a Jew? The Morgan family are a beard for the Rothschild's who are in turn a beard for the European aristocracy Dr. The buck really stops in the Royale house of Westminster, and places unnamed in Italy, Greece, and Switzerland, but when we talk about who really runs the show in the West, we can talk about Great Britain, and now “Deep in the Heart of Texas”. Give me a break nobody named: Seligman,Grenfell, or for that matter Goldman or Rothschild really owns anything. Do you really think the Kings and Queens of Europe advocated their thrones for bankers trinkets? Rothschild’s original name was Bauer and around the mid eighteenth century he hangs a bright Red Star of David outside the family business and changes his name to Mayer Amschel Rothschild (Red Shield)and shield was exactly what he was to keep the European Nobility's nose clean in their new business of financing wars. Where did Rothschild get the kind of money needed to finance wars? The European nobility had traditionally financed internecine wars but with the dawn of industrialization it was getting quite lucrative. It was time for a Jewish banker who specialized. Jewish Bankers are also a tradition among the nobility, that one dates back to the Dark Ages. Until then the “Star of David” was unknown to Judaism but it was probably the most important symbol there was and is ever going to be to the Masonic orders whose veins flowed with the Blue blood of Europe at the time of Rothschild's invention.

I would recommend reading Lyndon H. LaRouche if you want to know about the history of finance he probably knows more about that subject than any man alive unfortunately LaRouche compensates for that by possibly being the worst writer alive. His contentions, coherently interpreted, are that where in the fourth incarnation of the Roman Empire as now centered in London which in turn go's back in order to Venice, Byzantium, and Rome itself it is always the same people, who share an hereditary agenda . His solution is to form an alliance with China, Russia and later India cutting the British Empire out of the picture. Which in fairness to LaRouche has never been done in spite of 2 world wars in Britain's defense and the fact that 3 of the 4 proposed country's were all once part of the British Empire.
of course I meant abdicated not advocated
Do you know much about the Naval Stores and how that was involved in the early banking system? I have heard things about C&S bank which I remember from living in Atlanta, and I watched NCNB and Wachovia gobble each other up while I was a customer - I've seen so much of this from a customer standpoint before being squeezed out of any financial stability by the user fees that were introduced in the mid 90's and before. I am grateful for information that can be verified and answers that explain how we arrived at this point.
[r] Stuart, ty. the banks and bankers have got to be called out. Especially the IMF. The Fed. The banks are behind the corporate wars. Libyan War is Exhibit A or maybe we should call it Exhibit ZZZZZ since it has gone on so long. ECONOMIC TERRORISM. The rabid rat bastards. The politicians who collude are going straight to hell and not soon enough for me. The super-rich controllers of the global markets unleashing destruction on humanity. It is hard to wrap your mind and heart on their level of evil, along with their enablers and colluders and sell-out beneficiaries politically and monetarily. We should all take a lesson from the Bank of North Dakota. (I still wish people would boycott tv for five days Oct 25. To me the mendacity pass of the advertising biz in America has given these monolithic pirates monstrous leverage in conning the 99%) libby
My initial impression of the "The Council on Foreign Relations" and the "Trilateral Commission" were that they were for fringe beliefs but that there were other things that were just as important and more practical that were more credible. Part of this is because4 I first heard of them through the traditional Mass Media who presented the least credible conspiracy theories on the assumption that they would be ridiculed. I have since found several stories about some of them that are much more credible. The Mass Media often uses ridicule and other distortion tactics to give people the wrong idea and they occasionally attempt to do so before some of us get a first hand encounter with these stories in an attempt to establish prejudices for their benefit; of course there are also fringe conspiracy theorists like David Icke who play into their hands and they use them.
Interesting commentary here. Where I find Quigley parts company with other people who write about conspiracies (LaRoche, Icke, Alex Jones etc) is that he gives a lot more context. I find it really hard to assess the credibility of conspiracies that are simply an account of who secretly screwed the taxpayers, Congress, democratic government etc.

What Quigley does in Tragedy and Hope is to totally retell the last 300 years of western history - the way we should have learned it in high school - with the investment bankers being the major movers and shakers who made wars, panics and depressions happen. In school they make out that all this stuff happens by accident.

For example, I was taught that World War I started because some archduke was assassinated in Bosnia, something that has never made a bit of sense to me - until I read Tragedy and Hope.

Zachery, Quigley seems to agree with your view of the secret round tables. The men who started them seem to have done so with mainly altruistic and utopian motives.
I'm not sure they all had good intentions but some of them may have although they may have been based on prejudiced beliefs and the fact that they may have had to choose between tyrants over the past two thousands years and many of them don't think there is another way.

They're wrong!