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books:the_protocols_of_the_learned_elders_of_zion:loans_and_credit [2020/05/02 18:19] |
books:the_protocols_of_the_learned_elders_of_zion:loans_and_credit [2022/07/01 12:05] (current) |
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+ | ====== Protocol No. 21 ====== | ||
+ | [[the_protocols_of_the_learned_elders_of_zion: | ||
+ | |||
+ | < | ||
+ | <p>1. To what I reported to you at the last meeting I | ||
+ | shall now add a detailed explanation of internal loans. Of | ||
+ | foreign loans I shall say nothing more, because they have fed us | ||
+ | with the national moneys of the GOYIM, but for our State there will | ||
+ | be no foreigners, that is, nothing external. </p> | ||
+ | <p>2. We have taken advantage of the venality of administrators and | ||
+ | slackness of rulers to get our moneys twice, thrice and more times | ||
+ | over, by lending to the GOY governments moneys which were not at all | ||
+ | needed by the States. Could anyone do the like in regard to us? .... | ||
+ | Therefore, I shall only deal with the details of internal loans. </p> | ||
+ | <p>3. States announce that such a loan is to be concluded and open | ||
+ | subscriptions for their own bills of exchange, that is, for their | ||
+ | interest-bearing paper. That they may be within the reach of all | ||
+ | the price is determined at from a hundred to a thousand; and a | ||
+ | discount is made for the earliest subscribers. Next day by | ||
+ | artificial means the price of them goes up, the alleged reason being | ||
+ | that everyone is rushing to buy them. In a few days the treasury | ||
+ | safes are, as they say, overflowing and there' | ||
+ | can do with < | ||
+ | alleged, covers many times over the issue total of the loan; in this | ||
+ | lies the whole stage effect - look you, they say, what confidence | ||
+ | is shown in the government' | ||
+ | <p>4. But when the comedy is played out there emerges the fact that | ||
+ | a debit and an exceedingly burdensome debit has been created. For | ||
+ | the payment of interest it becomes necessary to have recourse to | ||
+ | new loans, which do not swallow up but only add to the capital debt. | ||
+ | And when this credit is exhausted it becomes necessary by new taxes | ||
+ | to cover, not the loan, BUT ONLY THE INTEREST ON IT. These taxes | ||
+ | are a debit employed to cover a debit .... < | ||
+ | BALANCE THE BUDGET!)</ | ||
+ | <p>5. Later comes the time for conversions, | ||
+ | payment of interest without covering the debt, and besides they | ||
+ | cannot be made without the consent of the lenders; on announcing | ||
+ | a conversion a proposal is made to return the money to those who | ||
+ | are not willing to convert their paper. If everybody expressed | ||
+ | his unwillingness and demanded his money back, the government | ||
+ | would be hoist on their own petard and would be found insolvent | ||
+ | and unable to pay the proposed sums. By good luck the subjects of | ||
+ | the GOY governments, | ||
+ | always preferred losses on exchange and diminution of interest | ||
+ | to the risk of new investments of their moneys, and have thereby | ||
+ | many a time enabled these governments to throw off their shoulders | ||
+ | a debit of several millions. </p> | ||
+ | <p>6. Nowadays, with external loans, these tricks cannot be played | ||
+ | by the GOYIM for they know that we shall demand all our moneys back. </p> | ||
+ | <p>7. In this way in acknowledged bankruptcy will best prove to the | ||
+ | various countries the absence of any means between the interests of | ||
+ | the peoples and of those who rule them. </p> | ||
+ | <p>8. I beg you to concentrate your particular attention upon this | ||
+ | point and upon the following: nowadays all internal loans are | ||
+ | consolidated by so-called flying loans, that is, such as have | ||
+ | terms of payment more or less near. These debts consist of moneys | ||
+ | paid into the savings banks and reserve funds. If left for long at | ||
+ | the disposition of a government these funds evaporate in the | ||
+ | payment of interest on foreign loans, and are placed by the deposit | ||
+ | of equivalent amount of RENTS. </p> | ||
+ | <p>9. And these last it is which patch up all the leaks in the | ||
+ | State treasuries of the GOYIM. </p> | ||
+ | < | ||
+ | and similar shifts, as being not in accord with our interests, will | ||
+ | be swept away so as not to leave a trace, as also will be destroyed | ||
+ | all money markets, since we shall not allow the prestige of our | ||
+ | power to be shaken by fluctuations of prices set upon our values, | ||
+ | which we shall announce by law at the price which represents their | ||
+ | full worth without any possibility of lowering or raising. | ||
+ | < | ||
+ | made a beginning in relation to the values of the GOYIM).</ | ||
+ | < | ||
+ | credit institutions, | ||
+ | of industrial values in accordance with government views. These | ||
+ | institutions will be in a position to fling upon the market five | ||
+ | hundred millions of industrial paper in one day, or to buy up for | ||
+ | the same amount. In this way all industrial undertakings will come | ||
+ | into dependence upon us. You may imagine for yourselves what | ||
+ | immense power we shall thereby secure for ourselves .... </p> | ||
+ | </ |