Alfred Owen Crozier 1912: Rothschild banks and war

 Alfred Owen Crozier ‘US Money v Corporation Currency’ [1912] h/t John Titus; h/t zerohedge

But right now action is being taken by certain powerful leaders of the Hebrew race that may start in free America that dreaded European cry "Down with the Jews!" In the hope of helping to avoid the establishing of conditions here that may become for the Hebrew race as unhappy and intolerable as in other countries, even Russia, this word of warning to the Jews is sounded.

Rothschild [Mayer Amschel, great-grandfather of Alfred, architect of The Aldrich Plan later The Federal Reserve Act] was a Jew. His descendants comprise the four great banking houses of that name in Europe—in London, Paris, Berlin and Vienna. In 1863 the wealth of this one family was conservatively estimated at $3,200,000,000, over three billions of dollars. This huge total compounded during the past fifty years and increased by incidental investments in mines, timber and many other things, may now amount to fifty or one hundred billions. No one outside knows the amount. With alliances controlled by this family it surely directly or indirectly controls a large portion of all government bonds and at least one-third of the world's estimated total wealth of $377,000,000,000.

But suppose the Rothschilds themselves only own $39,000,000,000, an amount equal to the bonded debt of all the governments of the world, with an annual income of $2,300,000,000 or two-thirds what their total wealth was in 1863. Any change either way in these figures will be a variation only in degree. In no way does it materially change the acknowledged potent fact that in all great national and international monetary and financial affairs the Rothschilds always play the ruling hand. They possess masterful genius and financial intellect. But it is the sheer weight of liquid or ready wealth held in such large quantity that all the nations of the world must go to the Rothschilds for financial assistance in time of peace, or before they can go to war whatever the provocation or emergency, that gives them supreme power in the world's affairs. No war can be waged without money, and no large nation can get adequate money to finance a war from any one but the Rothschilds. Therefore it is reasonable to assume that whenever any war is begun the Rothschilds have consented thereto. They may finance both sides, because it is immaterial whether the interest profits they crave come from one or both countries. In fact the war furnishes an excuse recognized as legitimate for charging both nations higher interest rates not only on the new debts but on old obligations maturing and being refunded. Increase to 4 per cent from 3 per cent is a 25 per cent increase in the total income and in the value of bonds, measured by their earning power.

It is known, of course, that after the nations have fought for a while and murdered tens of thousands and wounded and permanently maimed hundreds of thousands of human beings on both sides, pressure exerted by other governments instigated by the financiers will force a quick compromise, leaving the nations both in approximately the same condition as before except that each has vastly increased its debt and the annual interest burden on its people while the financiers have gotten rid of accumulated capital in exchange for high interest gold bonds that cannot be paid for perhaps thirty or fifty years. This surely is the result if not the deliberate plan. Then again, the debt of the principal European countries has been doubled or vastly increased during the long period of "armed peace."

Frequent rumors of war or warlike preparations each year have been ping-ponged back and forth between the countries in the public press. These have tended to excite popular fear, hate and patriotism and cause the people to consent and even to urge the governments to swell vastly the mortgage burden upon the peoples for funds to increase and equip still larger standing armies and to build greater and more expensive navies. By withdrawing millions of men. into armies and idleness it reduces production and the earning power of the people, increases the burden on those employed, and makes it more certain that existing bonds will not be paid but will be refunded and increased. Why not have bigger armies, navies, forts, guns, idleness of millions of soldiers, rumors of war or even occasional war, when such things are so fruitful, so necessary to cause the issuance of more bonds to provide profitable investment for the $5,000,000,000 of excess income derived yearly from interest paid on existing issues of gold bonds?