War financing through inflation
If a government wants to conquer another country, what does it have to do? Waging war costs immense sums of money. The population must be forced to pay all the costs of the war, plus the interest to the lenders. But this must be done in such a way that the people are unaware of the obligation imposed on them against their will. How can the government pull off this trick? There is only one way: lies and deception. As with the magicians, deliberate deception had to be used to fool the masses.
If this mechanism of warfare based on deliberate deception is exposed and abolished, wars will cease from one day to the next. But those who profit from wars will do everything in their power to prevent this from happening. This is the real story behind what is currently happening in Ukraine and the Middle East.
When William of Orange, King of the Netherlands, ascended the English throne in 1689 as William III with his wife Mary, he faced an almost insoluble problem. His greatest desire was to wage war against Louis XIV of France, but his treasury was empty.
At this opportune moment, the Scottish adventurer William Paterson (1658-1719), representing a group of financiers, approached Charles Montague, 1st Earl of Halifax (1661-1715), one of the four members of the so-called Whig Junto, and submitted a remarkable plan to Parliament. Despite his shady past - he was rumored to have been a pirate - he soon gained the confidence of a group of merchants from the City of London, and together they approached the government with an extraordinarily ingenious proposal. Since that time, the way wars are fought has changed fundamentally, and wherever military conflicts are fought today, they are fought in the same way. To understand this new mechanism of war, it is important to know how it came about.
To strengthen the power of the government and to pursue an imperialist foreign policy, the English Whig Party sought colonies for the English crown, trade advantages, raw materials, and export markets. The French empire stood in the way of these ambitions and was defeated in a war that lasted for decades. The British war policy swallowed up huge sums of money and threatened to drive England into financial ruin. Since the government had lost its credit rating during the Civil War, it was politically impossible to raise enough money by selling more government bonds. The preferred solution was to raise taxes. But even that was blocked because England had just emerged from a long civil war that had broken out because King Charles I wanted to expand his taxing powers. With private bankers refusing to lend the new government money to finance the immense tasks of government, particularly the procurement of war material and the recruitment of an army, King William III was forced to take the drastic measure of suspending payments from the treasury. The consequences were to be monumental. Only two decades after confiscating the coin gold of the scriveners (financiers), the new government virtually destroyed the private deposit business in one fell swoop. At the same time, it lost any possibility of borrowing for state business. But now there was the threat of endless wars with France. Since France was the most powerful and richest country in Europe at the time, a long war with the House of Bourbon would certainly have cost the English enormous sums, which the king could not afford. Where was the government going to get the money for that?
In 1693, a committee of the House of Commons was charged with devising a plan to finance the war against France without resorting to the usual sources of government revenue. A brilliant plan was devised to get an endless amount of money into their own hands to invade and plunder other countries. Part of the cost of the war was then paid with this loot, called reparations; but only part, because the war profiteers pocketed the most valuable loot.
The sleight of hand is called “super-imperialism by inflation.”
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