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books:the_protocols_of_the_learned_elders_of_zion:financial_programme [2020/05/02 15:19] (current)
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 +====== Protocol No. 20 ======
  
 +[[the_protocols_of_the_learned_elders_of_zion:the_protocols_of_the_learned_elders_of_zion|The Protocols Of The Meetings Of The Learned Elders Of Zion]]
 +
 +<html>
 +<p>1. To-day we shall touch upon the financial program,
 +which I put off to the end of my report as being the most
 +difficult, the crowning and the decisive point of our plans.
 +Before entering upon it I will remind you that I have already
 +spoken before by way of a hint when I said that the sum total of
 +our actions is settled by the question of figures. </p>
 +<p>2. When we come into our kingdom our autocratic government will
 +avoid, from a principle of self-preservation, sensibly burdening
 +the masses of the people with taxes, remembering that it plays the
 +part of father and protector. But as State organization cost dear
 +it is necessary nevertheless to obtain the funds required for it.
 +It will, therefore, elaborate with particular precaution the
 +question of equilibrium in this matter. </p>
 +<p>3. Our rule, in which the king will enjoy the legal fiction that
 +everything in his State belongs to him <i>(which may easily be
 +translated into fact),</i> will be enabled to resort to the lawful
 +confiscation of all sums of every kind for the regulation of their
 +circulation in the State. From this follows that taxation will best
 +be covered by a progressive tax on property. In this manner the
 +dues will be paid without straitening or ruining anybody in the
 +form of a percentage of the amount of property. The rich must be
 +aware that it is their duty to place a part of their superfluities
 +at the disposal of the State since the State guarantees them
 +security of possession of the rest of their property and the right
 +of honest gains, I say honest, for the control over property will
 +do away with robbery on a legal basis. </p>
 +<p>4. This social reform must come from above, for the time is ripe
 +for it - it is indispensable as a pledge of peace. </p>
 +<h3 align="center"><b>WE SHALL DESTROY CAPITAL</b></h3>
 +<p>5. The tax upon the poor man is a seed of revolution
 +and works to the detriment of the State which in hunting after
 +the trifling is missing the big. Quite apart from this, a tax on
 +capitalists diminishes the growth of wealth in private hands in
 +which we have in these days concentrated it as a counterpoise to
 +the government strength of the GOYIM - their State finances. </p>
 +<p>6. A tax increasing in a percentage ratio to capital will give
 +much larger revenue than the present individual or property tax,
 +which is useful to us now for the sole reason that it excites
 +trouble and discontent among the GOYIM. <i>(Now we know the
 +purpose of the 16th Amendment!!)</i> </p>
 +<p>7. The force upon which our king will rest consists in the
 +equilibrium and the guarantee of peace, for the sake of which
 +things it is indispensable that the capitalists should yield up a
 +portion of their incomes for the sake of the secure working of
 +the machinery of the State. State needs must be paid by those who
 +will not feel the burden and have enough to take from. </p>
 +<p>8. Such a measure will destroy the hatred of the poor man for
 +the rich, in whom he will see a necessary financial support for
 +the State, will see in him the organizer of peace and well-being
 +since he will see that it is the rich man who is paying the
 +necessary means to attain these things. </p>
 +<p>9. In order that payers of the educated classes should not too
 +much distress themselves over the new payments they will have full
 +accounts given them of the destination of those payments, with the
 +exception of such sums as will be appropriated for the needs of
 +the throne and the administrative institutions. </p>
 +<p>10. He who reigns will not have any properties of his own once
 +all in the State represented his patrimony, or else the one would
 +be in contradiction to the other; the fact of holding private means
 +would destroy the right of property in the common possessions of all. </p>
 +<p>11. Relatives of him who reigns, his heirs excepted, who will be
 +maintained by the resources of the State, must enter the ranks of
 +servants of the State or must work to obtain the right to property;
 +the privilege of royal blood must not serve for the spoiling of the
 +treasury. </p>
 +<p>12. Purchase, receipt of money or inheritance will be
 +subject to the payment of a stamp progressive tax. Any transfer
 +of property, whether money or other, without evidence of payment
 +of this tax which will be strictly registered by names, will
 +render the former holder liable to pay interest on the tax from
 +the moment of transfer of these sums up to the discovery of his
 +evasion of declaration of the transfer. Transfer documents must
 +be presented weekly at the local treasury office with
 +notifications of the name, surname and permanent place of
 +residence of the former and the new holder of the property. This
 +transfer with register of names must begin from a definite sum
 +which exceeds the ordinary expenses of buying and selling
 +necessaries, and these will be subject to payment only by a stamp
 +impost of a definite percentage of the unit. </p>
 +<p>13. Just strike an estimate of how many times such taxes as
 +these will cover the revenue of the GOYIM States.</p>
 +<h3 align="center"><b>WE CAUSE DEPRESSIONS</b></h3>
 +<p>14. The State exchequer will have to maintain a
 +definite complement of reserve sums, and all that is collected
 +above that complement must be returned into circulation. On these
 +sums will be organized public works. The initiative in works of
 +this kind, proceeding from State sources, will bind the working
 +class firmly to the interests of the State and to those who
 +reign. From these same sums also a part will be set aside as
 +rewards of inventiveness and productiveness. </p>
 +<p>15. On no account should so much as a single unit above
 +the definite and freely estimated sums be retained in the State
 +Treasuries, for money exists to be circulated and any kind of
 +stagnation of money acts ruinously on the running of the State
 +machinery, for which it is the lubricant; a stagnation of the
 +lubricant may stop the regular working of the mechanism. </p>
 +<p>16. The substitution of interest-bearing paper for a part
 +of the token of exchange has produced exactly this stagnation.
 +The consequences of this circumstance are already sufficiently
 +noticeable. </p>
 +<p>17. A court of account will also be instituted by us, and in
 +it the ruler will find at any moment a full accounting for
 +State income and expenditure, with the exception of the current
 +monthly account, not yet made up, and that of the preceding
 +month, which will not yet have been delivered. </p>
 +<p>18. The one and only person who will have no interest
 +in robbing the State is its owner, the ruler. This is why his
 +personal control will remove the possibility of leakages or
 +extravagances. </p>
 +<p>19. The representative function of the ruler at receptions
 +for the sake of etiquette, which absorbs so much invaluable time,
 +will be abolished in order that the ruler may have time for
 +control and consideration. His power will not then be split up
 +into fractional parts among time-serving favorites who surround
 +the throne for its pomp and splendor, and are interested only in
 +their own and not in the common interests of the State. </p>
 +<p>20. Economic crises have been produced by us for the GOYIM by
 +no other means than the withdrawal of money from circulation. Huge
 +capitals have stagnated, withdrawing money from States, which were
 +constantly obliged to apply to those same stagnant capitals for
 +loans. These loans burdened the finances of the State with the
 +payment of interest and made them the bond slaves of these
 +capitals .... The concentration of industry in the hands of
 +capitalists out of the hands of small masters has drained away all
 +the juices of the peoples and with them also the States .... <i>(Now
 +we know the purpose of the Federal Reserve Bank Corporation!!)</i> </p>
 +<p>21. The present issue of money in general does not correspond
 +with the requirements per head, and cannot therefore satisfy all
 +the needs of the workers. The issue of money ought to correspond
 +with the growth of population and thereby children also must
 +absolutely be reckoned as consumers of currency from the day of
 +their birth. The revision of issue is a material question for the
 +whole world. </p>
 +<p>22. YOU ARE AWARE THAT THE GOLD STANDARD HAS BEEN THE RUIN OF
 +THE STATES WHICH ADOPTED IT, FOR IT HAS NOT BEEN ABLE TO SATISFY
 +THE DEMANDS FOR MONEY, THE MORE SO THAT WE HAVE REMOVED GOLD FROM
 +CIRCULATION AS FAR AS POSSIBLE. </p>
 +<h3 align="center"><b>GENTILE STATES BANKRUPT</b></h3>
 +<p>23. With us the standard that must be introduced is
 +the cost of working-man power, whether it be reckoned in paper or
 +in wood. We shall make the issue of money in accordance with the
 +normal requirements of each subject, adding to the quantity with
 +every birth and subtracting with every death. </p>
 +<p>24. The accounts will be managed by each department <i>(the
 +French administrative division),</i> each circle. </p>
 +<p>25. In order that there may be no delays in the paying out of
 +money for State needs the sums and terms of such payments will be
 +fixed by decree of the ruler; this will do away with the protection
 +by a ministry of one institution to the detriment of others. </p>
 +<p>26. The budgets of income and expenditure will be carried out
 +side by side that they may not be obscured by distance one to
 +another. </p>
 +<p>27. The reforms projected by us in the financial institutions
 +and principles of the GOYIM will be clothed by us in such forms as
 +will alarm nobody. We shall point out the necessity of reforms in
 +consequence of the disorderly darkness into which the GOYIM by their
 +irregularities have plunged the finances. The first irregularity, as
 +we shall point out, consists in their beginning with drawing up a
 +single budget which year after year grows owing to the following
 +cause: this budget is dragged out to half the year, then they demand
 +a budget to put things right, and this they expend in three months,
 +after which they ask for a supplementary budget, and all this ends
 +with a liquidation budget. But, as the budget of the following year
 +is drawn up in accordance with the sum of the total addition, the
 +annual departure from the normal reaches as much as 50 per cent in
 +a year, and so the annual budget is trebled in ten years. Thanks to
 +such methods, allowed by the carelessness of the GOY States, their
 +treasuries are empty. The period of loans supervenes, and that has
 +swallowed up remainders and brought all the GOY States to
 +bankruptcy. (The United States was declared <i>"bankrupt"</i>
 +at the Geneva Convention of 1929! [see 31 USC 5112, 5118, and 5119). </p>
 +<p>28. You understand perfectly that economic arrangements of this
 +kind, which have been suggested to the GOYIM by us, cannot be
 +carried on by us. </p>
 +<p>29. Every kind of loan proves infirmity in the State and a want
 +of understanding of the rights of the State. Loans hang like a
 +sword of Damocles over the heads of rulers, who, instead of taking
 +from their subjects by a temporary tax, come begging with
 +outstretched palm to our bankers. Foreign loans are leeches which
 +there is no possibility of removing from the body of the State until
 +they fall off of themselves or the State flings them off. But the
 +GOY States do not tear them off; they go on in persisting in putting
 +more on to themselves so that they must inevitably perish, drained
 +by voluntary blood-letting. </p>
 +<h3 align="center"><b>TYRANNY OF USURY</b></h3>
 +<p>30. What also indeed is, in substance, a loan, especially
 +a foreign loan? A loan is - an issue of government bills of
 +exchange containing a percentage obligation commensurate to the sum
 +of the loan capital. If the loan bears a charge of 5 per cent, then
 +in twenty years the State vainly pays away in interest a sum equal
 +to the loan borrowed, in forty years it is paying a double sum, in
 +sixty - treble, and all the while the debt remains an unpaid debt. </p>
 +<p>31. From this calculation it is obvious that with any form of
 +taxation per head the State is baling out the last coppers of the
 +poor taxpayers in order to settle accounts with wealthy foreigners,
 +from whom it has borrowed money instead of collecting these
 +coppers for its own needs without the additional interest. </p>
 +<p>32. So long as loans were internal the GOYIM only shuffled their
 +money from the pockets of the poor to those of the rich, but when we
 +bought up the necessary persons in order to transfer loans into the
 +external sphere, <i>(Woodrow Wilson and F.D. Roosevelt)</i> all the
 +wealth of States flowed into our cash-boxes and all the GOYIM began
 +to pay us the tribute of subjects. </p>
 +<p>33. If the superficiality of GOY kings on their thrones in regard
 +to State affairs and the venality of ministers or the want of
 +understanding of financial matters on the part of other ruling
 +persons have made their countries debtors to our treasuries to
 +amounts quite impossible to pay it has not been accomplished
 +without, on our part, heavy expenditure of trouble and money. </p>
 +<p>34. Stagnation of money will not be allowed by us and therefore
 +there will be no State interest-bearing paper, except a one per-cent
 +series, so that there will be no payment of interest to leeches that
 +suck all the strength out of the State. The right to issue
 +interest-bearing paper will be given exclusively to industrial companies
 +who find no difficulty in paying interest out of profits, whereas
 +the State does not make interest on borrowed money like these
 +companies, for the State borrows to spend and not to use in
 +operations. <i>(Now we know why President Kennedy was assassinated in
 +1963 when he refused to borrow any more of the "Bank Notes"
 +from the bankers of the Federal Reserve Bank and began circulating
 +non-interest bearing "Notes" of the "United States
 +of America"!!!).</i> </p>
 +<p>35. Industrial papers will be bought also by the government
 +which from being as now a paper of tribute by loan operations will
 +be transformed into a lender of money at a profit. This measure will
 +stop the stagnation of money, parasitic profits and idleness, all of
 +which were useful for us among the GOYIM so long as they were
 +independent but are not desirable under our rule. </p>
 +<p>36. How clear is the undeveloped power of thought of the purely
 +brute brains of the GOYIM, as expressed in the fact that they have
 +been borrowing from us with payment of interest without ever
 +thinking that all the same these very moneys plus an addition for
 +payment of interest must be got by them from their own State
 +pockets in order to settle up with us. What could have been
 +simpler than to take the money they wanted from their own people? </p>
 +<p>37. But it is a proof of the genius of our chosen mind that we
 +have contrived to present the matter of loans to them in such a
 +light that they have even seen in them an advantage for themselves. </p>
 +<p>38. Our accounts, which we shall present when the time comes, in
 +the light of centuries of experience gained by experiments made by
 +us on the GOY States, will be distinguished by clearness and
 +definiteness and will show at a glance to all men the advantage
 +of our innovations. They will put an end to those abuses to which
 +we owe our mastery over the GOYIM, but which cannot be allowed in
 +our kingdom. </p>
 +<p>39. We shall so hedge about our system of accounting that neither
 +the ruler nor the most insignificant public servant will be in a
 +position to divert even the smallest sum from its destination without
 +detection or to direct it in another direction except that which will
 +be once fixed in a definite plan of action. <i>(Is this why a
 +"private corporation," known as the "Internal Revenue
 +Service," is in charge of collecting the "payments" of
 +the "Income Taxes" and the IRS always deposits those
 +"payments" to the Federal Reserve bank and never to the
 +Treasury of the United States??)</i> </p>
 +<p>40. And without a definite plan it is impossible to rule. Marching
 +along an undetermined road and with undetermined resources brings to
 +ruin by the way heroes and demi-gods. </p>
 +<p>41. The GOY rulers, whom we once upon a time advised should be
 +distracted from State occupations by representative receptions,
 +observances of etiquette, entertainments, were only screens for our
 +rule. <i>(Like the House of Windsor (Guelph) and the rest of the
 +"Black Nobility"?)</i> The accounts of favorite courtiers
 +who replaced them in the sphere of affairs were drawn up for them by
 +our agents, and every time gave satisfaction to short-sighted minds
 +by promises that in the future economies and improvements were
 +foreseen .... Economies from what? From new taxes? - were questions
 +that might have been but were not asked by those who read our
 +accounts and projects. </p>
 +<p>42. You know to what they have been brought by this carelessness,
 +to what pitch of financial disorder they have arrived,
 +notwithstanding the astonishing industry of their peoples .... </p>
 +</html>
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