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Source link: http://archive.mises.org/16666/inflation-inferno-i/

Inflation Inferno I

April 28, 2011 by

Governments and bankers hate gold because its supply cannot be inflated on command. FULL ARTICLE by George F. Smith

{ 1 comment }

Ohhh Henry April 28, 2011 at 2:49 pm

Interesting link between USA participation in WWI and the house of Morgan. This reminds me of another link between WWI debt and banking, which has obvious ramifications right up to the present day.

Although the wikipedia article on the 1917 Balfour Declaration does not mention the words debt, lending or borrowing, I think it is highly significant that the letter was actually addressed to Walter Rothschild of the famous banking family. It would seem clear given the British government’s financial position, the timing of the letter and the tremendous financial power wielded by the Rothschilds, that the motivation for the letter was at least partially the desire to solicit more money from Jewish-controlled banks. The only reasons put forward in wikipedia are that the British wished to reward Chaim Weizmann for giving them acetone, and also wished to gain favor with a couple of noted zionists who worked as Wilson’s advisors (even though one of them had been in the US supreme court since 1916, the other one does not seem to have been a key advisor, and the USA had actually declared war over 6 months before the declaration was issued). The banking connection seems to be relegated to the fringes of anti-semitic writings.

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