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by Matthew Ehret

Prologue

Canada’s history has remained clouded in misinformation and outright lies for over 200 years, while basic truths which were once well understood by leading statesmen a century past are now treated as little more than myth or “conspiracy theory”. Yet as the above quote written by the pen of Lord Alfred Milner indicates, the crafting of the Canadian identity has been bought for the price of a national soul. The greatest obstacle to Canadian sovereignty today is found in the fact that Canada’s synthetic identity has been constructed over the past decades with the intention of obstructing the establishment upon this earth of a world of sovereign republics, which was and still is the outgrowth of the success of the American Revolution in 1783. To do so, we must investigate how the Anglo Dutch oligarchy has played through such institutions as the Rhodes Trust, Fabian Society, and Round Table Movement. These structures have played a key role in mis-shaping every key standard of economic, political, cultural and scientific behaviour which has perverted western institutions to this very day and have come to be identified since the election of Donald Trump as “the Deep State”.

Part one of our story focused upon the creation of these institutions and their methods of penetrating their networks throughout influential institutions of Canada from 1865 to 1943, and the evolution of the Round Table into the Royal Institute for International Affairs (RIIA) in 1919. American branches were created in 1920 with the Council on Foreign Relations (CFR) and Institute of Pacific Relations, while a Canadian branch was established in 1928 with the Canadian Institute for International Affairs (CIIA). Key Canadian patriots resistant to the RIIA’s plans were also introduced in the form of “Laurier Liberals” O.D. Skelton and Ernest Lapointe, both of whom aided in influencing the highly malleable Prime Minister William Mackenzie King towards the Canadian nationalist cause, greater cooperation with American Patriots such as Franklin Roosevelt and away from the RIIA’s plans for world government under the League of Nations. With the mysterious deaths of Skelton and Lapointe in 1941, all such resistance melted away and Canadian foreign policy become fully infected by Rhodes Trust/ Fabian agents of the CIIA.

This second segment will address the important 1943-1972 destruction of humanist potential leading up to the reforms implemented by CIIA-assets Lester B. Pearson and Pierre Elliot Trudeau in their role in advancing Milner’s program for a new synthetic nationalism.

The Attack on Post-War Potential Begins 1945-1951

By the end of the war, Canada’s productive capacity had risen to unimaginable heights and the vision of unbounded progress free of imperial monetarism was not far off from realization. The relationship between Canada and the United States was at an all-time high, with exploding trade, and purchasing power that had multiplied threefold from 1939 to 1956. The authority and power won by C.D. Howe was continued into the following 12 years of Canadian progress first, as Minister of Reconstruction (1944-1948) then as Minister of Trade and Commerce (1948-1957). When Howe realized that his resistance to Canada’s participation in the unjust Korean war of 1950 would not work, he changed gears, and took advantage of the situation by renewing his broad war powers, once again allowing himself to lead Canada’s economy top down, resulting in the great projects with America such as the St Lawrence Seaway, the Avro Arrow CF-105 supersonic interceptor, the TransCanada-U.S. natural gas pipeline and especially the civilian use of nuclear power shaped by Canada’s unique CANDU technology. [2]

The secret to Canada’s progress during and after the war continued to be the National Research Council (NRC), re-organized and rehabilitated after years of incompetence under its former President General Andrew McNaughton. The NRC was a flexible top down organization run by one of Howe’s brightest engineering students C.J. Mackenzie who went on to become the first President of Atomic Energy Canada Ltd (AECL).

With similar mission-oriented organizational structures having organically formed in the USA during war, the NRC was celebrated and studied as a model for countries the world over. The leaders of this institution fought not only to advance nuclear power in Canada in order to escape the limits of fossil fuels and accelerate the next breakthrough to thermonuclear fusion, but also led the fight to provide their technology to underdeveloped countries such as India and Pakistan which were yearning to break free of their British colonial masters [3]. The NRC also successfully led breakthroughs in radio astronomy, oceanography and industry. Its basic objective can be summarized in the following model:

(1)  Maximize the density of discoveries within a cross country system of self-financed and self-organized intramural NRC laboratories.

(2)  Translate those discoveries into new technological applications and machine tools.

(3)  Apply these technologies as efficiently as possible into the industrial productive system to increase the productive powers of labour.

(4)  Force university curricula and behaviour to adapt by such creative upshifts as quickly as possible ensuring that no fixed/formulaic patterns of thought could encrust themselves upon the minds of students or professors.

Dexter White and Wallace

The Cultural/Economic/Scientific factors of Canada’s post-war dynamic were on a new trajectory of true independence, founded on a commitment to progress which the British Empire now mobilized all of its energy to destroy. The great fear of Lord Milner laid out in 1909 of “union with the United States” guided by unbounded scientific and technological progress was now underway, peaking with a 1948 call for a North American customs union advocated by Howe and leading FDR statesmen in the United States that had not yet been purged by the Cold War witch hunt led by Senator McCarthy. Sadly, now under the vast influence of the British Empire’s mind control, one of Mackenzie King’s last acts in office was the destruction of this proposition. After King’s 1950 death, C.D. Howe continued on as Minister of Trade and Commerce under King’s successor Louis St. Laurent (1948-1957) [4].

Having ensured that FDR’s postwar vision for a world of sovereign nation states would not come to fruition after his untimely death in April 1945, the first of a series of ideological barrages was hammered into Canadian and U.S. policy beginning with the installation of Wall Street tool Harry Truman as President, and with him the advent of the “Truman Doctrine” centering on the Rhodes-Milner agenda of Anglo-American Empire guided by Churchill’s design of “British brains and American brawn”. While FDR was still alive, his allies led by Harry Dexter White and Henry Wallace were capable of fending off John Maynard Keynes’ attempts to structure the Bretton Woods agreements according to his own twisted logic of a one world currency steered by the Nazi affiliated Bank for International Settlements and Bank of England (of which Keynes was a Director). However, after FDR’s death, the last major beachhead of resistance to British recolonization melted.

The Anglo-American “special relationship” was quickly established by Truman bringing American foreign policy quickly under the control of the RIIA networks beginning with Truman’s unnecessary utilization of two of America’s only three nuclear bombs on the already defeated Japan which set the foundations for the Korean War [5]. This policy was ushered in by Sir Winston Churchill’s 1946 “Iron Curtain” speech in Fulton, Missouri which officially opened the age of the Cold War, setting a fear based dynamic of tension that resulted in a purging of FDR allies from positions of influence, and an influx of British operatives into high prominence the world over.

The Chicago Tribune’s Cassandra Sounds the Alarm

In 1951, the enormously influential Massey-Lévesque Royal Commission attempted to first launch an attack upon the “American invasion” of media (print, radio, television and cinema) which was taking over the Canadian psyche. One of the primary demands of the 1951 report called for an emergency ban on U.S. media to keep “dangerous” American cultural influences from contaminating Canada’s British traditions with the following words:

Few Canadians realize the extent of this dependence… our lazy, even abject imitation of them [American institutions] has caused an uncritical acceptance of ideas and assumptions which are alien to our tradition.

Rhodes Scholars Penetrate Canada

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by Matthew Ehret

“Two systems are before the world; the one looks to increasing the proportion of persons and of capital engaged in trade and transportation, and therefore to diminishing the proportion engaged in producing commodities with which to trade, with necessarily diminished return to the labor of all; while the other looks to increasing the proportion engaged in the work of production, and diminishing that engaged in trade and transportation, with increased return to all, giving to the laborer good wages, and to the owner of capital good profits… One looks towards universal war; the other towards universal peace. One is the English system; the other we may be proud to call the American system, for it is the only one ever devised the tendency of which was that of elevating while equalizing the condition of man throughout the world.”

-Henry C. Carey (Lincoln’s advisor), Harmony of Interests, 1856

The British Hand Behind the Deep State Today

With the election of Donald Trump in November 2016, it has become apparent for that America isn’t what many thought it was.

Suddenly, for the first time since the assassination of John F. Kennedy in 1963, there was no longer one America but rather two opposing forces within America itself, and the question was raised “which is the real America and what is it that Trump was re-activating?”

Here was a political leader who wasn’t from the technocratic establishment, and who campaigned to work with Russia and China, end regime change wars, reverse the nation-killing effects of NAFTA, reviving the JFK-era space mission and even discussed restoring Glass Steagall.

A clue to what he chose to represent can be witnessed in his defense of the “American System” when he said “this is the system our Founders wanted. Our greatest American leaders — including George Washington, Hamilton, Jackson, Lincoln — they all agreed that for America to be a strong nation it must also be a great manufacturing nation.”

Soon, it became apparent that this Deep State structure mobilized to stop the re-emergence of the American System was not even American as many had supposed, but rather of a purely British Imperial pedigree and was even caught working against British nationalists such as Jeremy Corbyn. It finally came to light that the British Empire had never gone away after WWII, but had evoked a powerful sleight of hand after FDR’s untimely death in 1945.

How did this happen? By what means and motives did this Deep State arise? Was it always there or were there key moments in history that give us clarity into its origins and how it took over both America and other nations alike?

By approaching history shaped by a battle between British and American systems of social order (which represents much more than merely British or American nations per se), a “master key” to unlock the secrets of Britain’s takeover of America (and Europe) can be found by exploring the strange case of Canada.

What is this “strange partly British/partly American monarchy of the Americas”? At the best of times, it was uplifted by the best constitutional traditions of America cited by Donald Trump above, and at the worst of times, it was a platform to spread British intrigues upon the world exemplified by the Montreal-based assassinations of American System leaders Abraham Lincoln in 1865 and John F. Kennedy in 1963. Today those intrigues are led by such Rhodes Scholars as Chrystia Freeland and the modern Round Table movement of Ben Rowswell who have together played leading roles in the overthrow of Venezuela, the protection of fascists in Ukraine and advance of NATO against Russia and China.

The time has come to drag some skeletons out of the closet.

Lincoln’s American System Goes Global

Canada’s struggle for existence as a sovereign nation has been caught between two opposing views of mankind represented by the British and American System of social organization. As the great economist Henry C. Carey laid out while he was advancing the policy of Abraham Lincoln, the American System was designed to become a global system operating amongst sovereign nations for the progress and mutual benefit of each and all. By the end of the 19th century, American System thinking was resonating with statesmen and patriots in all corners of the globe who were fed up with the ancient imperial system of British Free Trade that had always strived to maintain a world divided and monopolized. This view for a post-colonial world was exemplified by Lincoln-ally and first Governor of Colorado William Gilpin who described a world united by railways across all continents centered around the Bering Strait rail connection. This was outlined in his widely read 1890 “The Cosmopolitan Railway”.

Although British propagandists had made every attempt to keep the illusion of the sacredness of the British System alive in the minds of its subjects, the undeniable increase of quality of life, and creative thought expressed by the American System everywhere it was applied become too strong to ignore… especially within colonies such as Canada that had long suffered a fragmented, and underdeveloped identity as the price paid for loyalty to the British Empire.

In Germany, the American System-inspired Zollverein (customs union) had not only unified a divided nation but elevated it to a level of productive power and sovereignty which had outpaced the monopoly power of the British East India Company. In Japan, American engineers helped assemble trains funded by a national banking system, and protective tariff during the Meiji Restoration.

Deep State 1Deep State 2

In Russia, American System follower Sergei Witte, Transport Minister and close advisor to Czar Alexander II, revolutionized the Russian economy with the American made trains that rolled across the Trans-Siberian Railway. Under the influence of Witte and other American System allies Czar Nicholas II endorsed the Bering Strait rail connection in 1905, though a tragic turn of fate sabotaged it from unfolding.

Not even the Ottoman Empire remained untouched by the inspiration for progress, as the Berlin to Baghdad Railway was begun with the intention of unleashing a bold program of modernization of southwest Asia.

The American System Touches the Canadian Mind

In Canada, admirers of Lincoln and Henry C. Carey found their spokesman in the great American System statesman Isaac Buchanan (1). Buchanan rose to his highest position of political office in the Dominion of Canada when in April 1864, the new MacDonald-Taché Ministry appointed him the President of the Executive Council. This put him in firm opposition to the Imperial agenda of George Brown, and the later Prime Minister John A. Macdonald, of whom he and all patriotic co-thinkers counted as bitter enemies to Canada’s independence and progress. The policy which Buchanan advocated as he rose to higher prominence was outlined in his December 1863 speech:

“The adoption by England for herself of this transcendental principle [Free Trade] has all but lost the Colonies, and her madly attempting to make it the principle of the British Empire would entirely alienate the Colonies. Though pretending to unusual intelligence, the Manchester Schools are, as a class, as void of knowledge of the world as of patriotic principle… As a necessary consequence of the legislation of England, Canada will require England to assent to the establishment of two things: 1st, an American Zollverein [aka: Customs Union]. 2nd: Canada to be made neutral territory in time of any war between England and the United States”. (2)

While the customs union modeled on the Zollverein program of American System economist Friedrich List in Germany laid out by Buchanan, was temporarily defeated during the operation known as the Articles of Confederation in 1867, the potential for its re-emergence returned in 1896 with the election of Wilfrid Laurier, Canada’s next Prime Minister. By 1911, the customs union policy advanced by Laurier, who was a devout admirer of Abraham Lincoln, finally came to fruition. Laurier long recognized that Canada’s interests did not reside in the anti-American program of MacDonald which simply tied Canada into greater dependence towards the mother country, but rather with the interests of its southern neighbour. His Reciprocity program proposed to lower protective tariffs with the USA primarily on agriculture, but with the intention to electrify and industrialize Canada, a nation which Laurier saw as supporting 60 million people within two decades. With the collaboration of his close advisors, Adam Shortt, Oscar Skelton and later William Lyon Mackenzie King, Laurier navigated the minefield of his British enemies active throughout the Canadian landscape in the form of the Masonic “Orange Order” of Ontario, and later, the insidious Round Table movement.

While Laurier’s attempts to actualize a true Reciprocity Treaty of 1911 that involved free trade among North American economies united under a protective tariff against British dumping of cheap goods, it would not last, as every resource available to the British run Orange Order and Round Table were activated to ensure the Reciprocity’s final defeat and the downfall of Laurier’s Liberal government and its replacement by the Conservative government of Sir Robert Borden in its stead.(3) Laurier described the situation in Canada after this event:

“Canada is now governed by a junta sitting at London, known as “The Round Table”, with ramifications in Toronto, in Winnipeg, in Victoria, with Tories and Grits receiving their ideas from London and insidiously forcing them on their respective parties.” (4)

Two years before Laurier uttered this warning, the founder of the Round Table movement, Lord Milner wrote to one of his co-conspirators laying out the strategic danger faced by Buchanan and Laurier’s program with America:

“As between the three possibilities of the future: 1. Closer Imperial Union, 2. Union with the U.S. and 3. Independence, I believe definitely that No. 2 is the real danger. I do not think the Canadians themselves are aware of it… they are wonderfully immature in political reflection on the big issues, and hardly realize how powerful the influences are…” (5)

Without understanding either the existential struggle between the two opposing systems related above, or the creation of the Round Table movement by a new breed of British Imperialist as a response to Lincoln’s international victory in the face of the total bankruptcy of the British Empire at the turn of the last century, then no Canadian could honestly ever make sense of what has shaped his or her cultural and political landscape. It is the purpose of this present report to shed a clear light upon some of the principal actors on this stage of universal history with the hope that the reader’s powers of insight may be strengthened such that those necessary powers of judgment required to lead both Canada and the world out of our current plunge into a new dark age may yet occur.

The Round Table Movement: New Racist Breed, Same Racist Species

The Round Table movement served as the intellectual center of the international operations to regain control of the British Empire and took on several incarnations over the 20th century. It worked in tandem with the Coefficients Club, the Fabian Society, and the Rhodes Trust, all of whom witnessed members moving in and out of each other’s ranks. The historian Carrol Quigley, of Georgetown University wrote of this cabal in his posthumously published Anglo-American Establishment” (6):

“This organization has been able to conceal its existence quite successfully, and many of its most influential members, satisfied to possess the reality rather than the appearance of power, are unknown even to close students of British history. This is the more surprising when we learn that one of the chief methods by which this Group works has been through propaganda.

It plotted the Jameson Raid of 1895; it caused the Boer War of 1899-1902; it set up and controls the Rhodes Trust; it created the Union of South Africa in 1906-1910; it established the South African periodical The State in 1908; it founded the British Empire periodical The Round Table in 1910, and this remains the mouthpiece of the Group; it has been the most powerful single influence in All Souls, Balliol, and New Colleges at Oxford for more than a generation; it has controlled The Times for more than fifty years, with the exception of the three years 1919-1922, it publicized the idea of and the name “British Commonwealth of Nations” in the period 1908-1918, it was the chief influence in Lloyd George’s war administration in 1917-1919 and dominated the British delegation to the Peace Conference of 1919; it had a great deal to do with the formation and management of the League of Nations and of the system of mandates; it founded the Royal Institute of International Affairs in 1919 and still controls it; it was one of the chief influences on British policy toward Ireland, Palestine, and India in the period 1917-1945; it was a very important influence on the policy of appeasement of Germany during the years 1920-1940; and it controlled and still controls, to a very considerable extent, the sources and the writing of the history of British Imperial and foreign policy since the Boer War.”  (7)

To understand the pedigree of the Round Table movement as it was “officially” unveiled in 1910 as the ideological shaper of the policies and paradigm of the new “managerial class” of international imperialists dedicated to the salvation of the British Empire under an “Imperial Federation”, it would be necessary to go back a few decades prior, to 1873-74. It was in this year that a young Canadian named George Parkin lectured at Oxford on the subject imperial union as the sacred duty of all Anglo Saxons to advance. Parkin is popularly heralded by Oxford historians as “the man who shifted the mind of England”.

1873-1902 Empire on the Verge of Collapse: Re-organize or Perish

During this same period, a grouping of Imperial intellectuals known as the “X Club” (f. 1865) centering on Thomas Huxley, Matthew Arnold, Herbert Spencer, and Joseph Hooker were assigned the responsibility to overhaul the British Empire’s controlling ideological structures that had proven themselves worn out. Each would specialize in various branches of the sciences and would all promote gradualist interpretations of change to counteract explanations which required creative leaps. This program was applied with the intention of 1) saving the collapsing empire and 2) establishing the foundation of a new scientific religion based upon Charles Darwin’s highly materialistic model of Natural Selection as the explanation for the evolution and differentiation of new species.

Huxleys X-clubAs X Club co-founder Herbert Spencer went on to elaborate the system of “social Darwinism” as the logical outgrowth of Darwin’s system into human affairs, the intention behind the propagation of the Darwinian program was never “the enlightenment liberalism in battle against the ignorant dogmas of religion”, as it is so often recounted by popular historians of science. Rather, the “revolution in science” initiated by the X Club was merely the re-packaging of an idea as old as Babylon: The control of the masses by a system of oligarchical rule, simply under a new type of “scientific dictatorship”. But how, when the demonstration of creative reason’s power to elevate humanity’s conditions of life by encouraging new discoveries and applied technologies, as promoted by the American System of Political Economy, would the world now accept the conditions of mental and political enslavement demanded by the imperialist in a fixed system struggle for diminishing returns?

This was the challenge upon which young Oxford men would set their creative energies using the “scientific” reasoning established by Thomas Huxley’s X Club and for the service of the ruling oligarchical families of Europe. George Parkin like all young Oxford men at this time was highly influenced by this network’s ideas and used them to justify the “natural scientific inevitability” of the hegemony of the strong over the weak. In this case, the Anglo Saxon master race dominating the inferior peoples of the earth. This message could be seen in his 1892 work Imperial Federation: “Nations take long to grow, but there are periods when, as in the long-delayed flowering of certain plants, or in the crystallization of chemical solutions, new forms are taken with extreme rapidity. There are the strongest reasons for believing that the British nation has such a period immediately before it. The necessity for the creation of a body of sound public opinion upon the relations to each other of the various parts of the Empire is therefore urgent.” (8)

In elaborating upon the danger of the British System’s collapse in light of nationalist movements following the American System model, Parkin went on to ask: “Has our capacity for political organization reached its utmost limit? For the British people, this is the question of questions. In the whole range of possible political variations in the future, there is no issue of such far-reaching significance, not merely for our own people but for the world at large, as the question whether the British Empire shall remain a political unit… or yielding to disintegrating forces shall allow the stream of the national life to be parted into many separate channels.” (9)

One of Parkin’s Oxford contemporaries was Alfred Milner, a character who plays a vicious role in our drama as the catalyzer behind the formation of the Round Table Movement. Milner credited Parkin with giving his life direction from that point on (10). It was during 1876 that another contemporary of Milner and Parkin, named Cecil Rhodes left Oxford in order to make a fortune on a cotton plantation in South Africa. All three characters were also highly influenced by John Ruskin, the leader of the “artistic” branch of British Intelligence led by the “Pre-Raphaelite Society”.

The proceeds of Rhodes’ cotton fortune were multiplied many times by ventures into the diamond industry of South Africa, allowing him to rise to gargantuan heights of political power and wealth, peaking with his appointment as Prime Minister of Cape Town and Founder of Rhodesia. The current London-centered mineral cartels Rio Tinto, De Beers, and Lonrho now pillaging Africa, as well as the legacy of Apartheid which has stained so much of South Africa’s history are among two aspects of the scarring legacy Rhodes has passed down to present times.

Deep State Round Table Eugenics Group

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by Thorsten Polleit for Mises.org

In his “Manifesto of the Communist Party” (1848), published together with Frederick Engels, Karl Marx calls for “measures” — by which he means “despotic inroads on the rights of property” –, which would be “unavoidable as a means of entirely revolutionising the mode of production,” that is, bringing about socialism-communism. Marx’s measure number five reads: “Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.” This is a rather perspicacious postulation, especially as at the time when Marx formulated it, precious metals — gold and silver in particular — served as money.

As is well known, the quantity of gold and silver cannot be increased at will. As a result, the quantity of credit (in terms of lending and borrowing money balances) cannot easily be expanded according to political expediency. However, Marx might have fantasized already, what would be possible once the state is put in a position where it can create money through credit expansion; where it has usurped and monopolized the production of money. Long before Marx, the English churchman and historian Thomas Fuller had elaborately expressed the power of money: “Money is the sinew of love as well as war.”

The Origins of Modern Central Banking

The idea of central banking has a long history. For instance, the Swedish central bank, the Sveriges Riksbank, was founded in 1668, and the English central bank, the Bank of England, was formed in 1694. The fraudulent operations of such institutions came to light soon, at the latest with the writing of the British economist David Ricardo. In his 1809 essay “The High Price of Bullion” he pointed out that it was the increase in the quantity of money — in the form of banknotes not backed by gold — that caused a general rise in prices, an effect we know as (price) inflation.

Unfortunately, however, the political-economic insight that central banks holding the money production monopoly would misuse their power time and again, engage in cronyism, and cause an anti-social debasement of the currency has not — to this very day — sufficed to discredit the monstrous idea of central banking. It seems that as far as monetary affairs are concerned, Marx’s concept of Dialectical Materialism has made quite an impression: What is appears to form peoples’ consciousness (not vice versa). This has certainly helped in creating central bank Marxism on a world-wide scale.

Cutting the Last Ties with Commodity Money

On 15 August 1971 Marx’s vision became true: The US administration single-handedly terminated the redeemability of the US dollar into physical gold – and so gold, the currency of the civilized world, was officially demonetized. Through this coup de main, in the United States of America, as well as all other countries in this world, an unbacked paper money — or fiat money system was established. Since then, all currencies around the globe represent fiat currencies: representing money creation by circulation credit expansion, not backed by real savings or deposits, monopolized by central banks.

The fiat money system, the creation of money through circulation credit expansion, has brought about a new kind of debt slavery on a grand scale. Consumers, corporations and, of course, governments, too, have become highly dependent on central banks continuously churning out ever greater amounts of credit and money, provided at ever lower interest rates. In numerous countries, central banks have de facto become the real centers of power: Their monetary policy decisions effectively determine the weal and woe of economies and whole societies.

By issuing fiat currencies, created out of thin air, a rather small clique of central bankers, together with their staffers, causes — to borrow from Friedrich Nietzsche — a “revaluation of values.” Chronic monetary inflation, for instance, discourages savings; running into ever greater amounts of debt gets cultivated; by central banks’ downward manipulation of the interest rate, the future needs get debased compared to present needs; the favoring of a sort of monetary “Deep State” comes at the expense of demolishing civil and entrepreneurial liberties.

A Supranational Central Bank

In Europe, central bank Marxism has accomplished a rather astounding feat: 19 nation states with a total of around 337 million people have given up their right to self-determination in monetary affairs, submitting to the monetary policy dictate of a supra-national central bank entirely beyond effective Parliamentary control that issues a single fiat currency, the euro. While central bank Marxism has been reasonably successful in Europe, however, its true spearhead has always been the US central bank: The Federal Reserve (Fed).

Today’s world depends on the fiat US dollar issued by the Fed more than ever. Effectively all other major currencies are built upon the Greenback, and it is the Fed that determines the credit and liquidity conditions in international financial markets. It effectively presides over a world central bank cartel which, if it is allowed to continue unimpededly, will eventually steer and control the world economy through its unassailable money production monopoly, effectively removing one of the most critical roadblocks against unrestricted state tyranny.

Ideas Have Consequences

So those favoring a free society can only hope that something will get in the way of central bank Marxism. This is by no means impossible. Socialism-communism is not the inevitable destiny of social life and historical evolution, as Marxists would like to make us believe. What truly matters are ideas or theories, if you will, as ideas — whatever their specific content, wherever they come from, whether they are right or wrong — underlie and drive human action.1Ludwig von Mises was acutely aware of this indisputable insight:

Human society is an issue of the mind. Social co-operation must first be conceived, then willed, then realized in action. It is ideas that make history, not the “material productive forces”, those nebulous and mystical schemata of the materialist conception of history. If we could overcome the idea of Socialism, if humanity could be brought to recognize the social necessity of private ownership of the means of production, then Socialism would have to leave the stage. That is the only thing that counts.2

Against the backdrop of Mises’s words one may add: Once people understand that Marxism (and all its particular forms of socialism) does not guarantee a higher living standard and that it does make a better or more just and reasonable world, it would usher in the end of central banking and fiat money. In other words: whether or not central bank Marxism and fiat money will prevail or be thrown out of the window (or flushed down the drain) will be determined by the outcome of the “battle of ideas.” So there remains reason for hope!

  • 1. For a detailed explanation see Mises, L. v. (1957), Theory and History, Ludwig von Mises Institute, Auburn, US Alabama, Part Two, esp. Chapter 7, pp. 102 – 158.
  • 2. Mises, L. v. (1981), Socialism. An Economic and Sociological Analysis, Liberty Fund, Indianapolis, p. 461.

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