What You Must Know About Big Banks!
Jul 20, 2021 9:31 pm
Do you remember when young "liberals" were actually pointed at the correct opposition?
I'm referring to Occupy Wall Street.
I was there. I met Pee Wee Kirkland, Russell Simmons, Ben from Ben & Jerry's, and more household names.
(I did not spend the night in the park with strangers in New York City as many others did. I still recall the stench of stinky hippies if you got too close to their musty bodies)
I debated in that Zuccotti Park. I'd take the train or walk from mid-town just to debate.
You may have seen me in Dinesh D'Souza's "America: Imagine a World Without Her" documentary.
We were focused on the Big Banks!
Do you know what the problem is with citizens?
They have zero sense of history.
(This is going to be a long email. But you're going to love me at the end. And if you already love me you're going to love me even more!)
"Banks got bailed out we got sold out!", the people chanted at Occupy in 2011.
Silly protestors. This isn't new. Bailing out banks is as American as apple pie.
What about The Panic of 1819!?
Historian Andrew Browning describes this event as “The First Great Depression”. I’m questioning whether this was created purposefully or brought about by financial ignorance.
The money supply contracted “by no less than 47.2 percent in one year.” National bank branches called in loans, with heavy balances, issued to state banks. Bankruptcies, foreclosures, and massive unemployment (amongst other symptoms) ensued, while the value of the currency rapidly declined.
What happens during every economic bust happened during this panic. Banks repossessed property at a fraction of its true value while about 3,500 people were sent to prison for unpaid debt between 1820-1822. Public land sales fell from $13.6 million in 1818 to $1.3 million in 1821. That’s approximately a 90% crash in prices! The situation became so drastic that some areas returned to the barter system.
“the Bank was saved, and the people were ruined.”
– William Gouge
Branch officers and directors at the Baltimore Branch of the central bank approved loans to themselves which totaled several million dollars and loopholes were created to embezzle stocks, amongst other financial abuse.
Thomas Miller, a Virginia representative from Powhatan County, argued that the debtors were not to be blamed for their predicament. He placed the blame on the central bank for their inflationary and then deflationary actions.
On the argument of who shall receive “relief”, some believed, like Senator John Henry Eaton of Tennessee, that speculators should be excluded, and only real settlers should be provided with relief.
It was believed that the speculators were wealthy and were not significantly hurt by the financial crisis. It was also believed, by those who argued against the speculators, that it was the speculators who bought the support of the press to push for the relief bill, like in Missouri during the summer/fall of 1821.
The speculators were seen as people who were not interested in acquiring the land that incurred debt but were purchasing land on credit to sell it at a higher price.
Kentucky Representative George Robertson, from rural Garrard County, also tried to amend a relief bill to exclude the speculators. Both Eaton and Robertson would lose after their respective assembly voted!
This happened in THE EARLY 19TH CENTURY!
What's crazier than that?
I've traced this western banking scheme all the way back to its roots...
IN THE 16TH CENTURY!
This money trail begins with the European monarchs; kings and queens!
If you want to know where America is going you have to look at where it came from!
Crush your ignorance of real history and save your future!
Download a copy of my avant-garde work "The Patriot Report: Unmasking The Conspiracy of Money & War".
https://bryansharpe.co/patriot-report
Hotep.