Thread by @otisa502

1/29 RYAN (@RyanSAdams): “I think what you’re saying is, basically a fiat currency, modern monetary policy, is the root of this warping effect that we see across all assets. But you said something different, and this is the part that was most explicit to me, and it maybe

2/29 “came out in a tweet I recently read from you, which you said: The Fed (@federalreserve) has only one goal, just one goal: —

MARK (@MarkYusko): “Only one.”

RYAN (@RyanSAdams): — “To transfer wealth from average citizens to banksters and the top 1% through

3/29 “the stealth tax of inflation. What you’re saying implies something a bit more insidious — 

MARK (@MarkYusko): “This is sinister.”

RYAN (@RyanSAdams): “Right — that this has been all part of a prepared plan since the early 1900s and it’s now just coming to fruition; it’s

4/29 “not sort of an accident of the system or a byproduct or aftereffect, this is very intentional. Is that the case you’re making?”

MARK (@MarkYusko): “Oh, it’s absolutely intentional, c’mon. And people get all mad, like how can you say this? You’re going to get put on some

5/29 “target list. No, I’m not. Look, people don’t care what I say. The reality is that JP Morgan was the original bankster, and he created this incredible organization, and there was a law passed — let’s back up even further.  Banks were started by the Medicis in

6/29 “the 1300s with this idea that you needed a central middle man to referee lending. So in the good old days, single-entry accounting, I would lend you money, and I would write down that you owed me $100, and you had to trust me that I wrote down the right amount in my ledger.

7/29 “So then these Gregorian monks or something — I can’t remember who it was exactly — came up with the idea, what if we had 2 ledgers? So now both Ryan and Mark could write down what they owed each other, and they actually used something called a ‘tally stick’; you would

8/29 “break a stick in half and you would carve a notch, and if those notches matched up, then you knew how much you owed. But you could fudge your notch maybe, or what if I wrote down $200 and you wrote down $100. Well, the Medicis said, ah, we will sit in the middle and

9/29 “we’ll charge a little fee and we’ll have these accounts and we’ll take care of your money. Again, in the old days of money, money was just a substitute for barter. So you had chickens, I had cows, and we would drag our chickens and cows to market and we

10/29 “would trade. Na, that’s stupid. Why don’t we just print little coins and you put ‘chickens’ on your coins and I put ‘cows’ on my coins and we’ll swap the coins. Well, then we got these big ole sack of coins, and I don’t want to drag those all the way to market.

11/29 “So how about we deposit the coins in a trusted third party and they issue paper, an IOU, that says you left your coins here, now you have this amount. And the Chinese invented that in the 700s, and they called it ‘Flying Money’ because it flew away in the wind if you

12/29 “didn’t hold it down. And so, all of this system was created by the banksters to control the wealth. So if I want to send you money, I have to have a bank account, you have to have a bank account and they charge us a fee to send it and they’re really happy and they

13/29 “built this great business. So in the 1600s, the Rothschilds said, ah banks, what about a central bank. Let’s create a central bank. So they created a central bank in The Netherlands and said we’ll use this to finance our wars and our exploits and our accumulation

14/29 “of wealth, and it worked really well. So the Spanish created one and then the French created one and then the Brits created one. And then we created this little republic called the United States, we said OK, well, let’s borrow what the Rothschilds did, so we stole the

15/29 “word ‘dollar’ from ‘dolar,’ which was Dutch, and we created this idea of a national bank. We’re not going to have a central bank, we’re going to have a national bank. So we chartered the first national bank, it lasted 20 years; we chartered the second

16/29 “national bank, it lasted 20 years; and then Andrew Jackson came along and said, ‘These banks appear to be owned by the wealthiest European families and’ — I love this quote — ‘our most opulent citizens.’ Such a great quote. So basically the rich people own the banks

17/29 “and are owning everybody else, so I’m not going to renew the charter, we’re not going to have a bank. So we went for about a 30-year period where there was no national bank and everybody issued their own money. Texas had its own money, companies had their

18/29 “own money, and it was a shit show; I mean, it was horrible. And so, in the 1890s they said this is a bad idea, reconstruction. All right, we’ll have a new bank. And so, they created banks, and then they’re like, to fix the problem of monopoly bank power, we’ll allow

19/29 “trusts to be created. And a few trusts started growing. There was this trust called Knickerbocker Trust, and JP Morgan famously quipped, ‘I like a little competition.’ And he said, all right, so that Knickerbocker Trust is taking our business away, so I’m going to spread

20/29 “a rumor that they’re insolvent. And we’ve all seen the picture of a run on the bank, the men and women in their suits and ties run into the bank with the umbrellas to get their money out. And basically Knickerbocker went down, and JP Morgan wrote a little check

21/29 “for $25 million, which was a lot of money back then, and saved the banking system, happy to buy all the assets. Like Mr. Potter in ‘It’s a Wonderful Life,’ he just bought up everything that was on sale. Fast forward, his buddy was John D. Rockefeller. John D. Rockefeller’s

22/29 “father-in-law was Amory Aldrich. Amory had married off his daughter to John D. Rockefeller to get some power, and Amory became the most powerful Senator, and they hatched a plan called the Aldrich Plan to create a central bank in the image of the Rothschilds central

23/29 “bank — it always goes back to the Rothschilds, a topic for another day. And so, they hatched this plan in 1907 and it took 6 years to get it though Congress, but they did eventually get it through. And I could not make this up, they signed the documents to create

24/29 “the Federal Reserve — which, by the way, is not federal and has no reserves, that’s my joke that I stole from somebody — on Jekyll Island, ‘The Creature from Jekyll Island.’  I mean, you couldn’t make that up, Jekyll & Hyde. So they create this creature.

25/29 “And there’s this great book — and I’ve done presentations on it, I’ve tweeted pictures of it. There’s this great picture of a guy who wrote a book about the Aldrich Plan and how horrible it was going to be, and it shows this octopus with these tentacles in everything:

26/29 “In corporations, in... basically sucking money out of everybody’s coffers and then upchucking it onto Wall Street. That’s what the banking system does. The Fed is owned by the banks to make the banks rich. That’s what it does, and

27/29 “that’s why we bail out the banks at every turn, and that’s why inflation we perpetuated this myth that it’s good for you. Why is rising prices good? Who is that good for? It’s good for you if you own assets. It’s bad for you if you have a fixed income, if you’re on minimum

28/29 “wage. If you are retired and own bonds, it’s horrible for you. So inflation is a wealth tax; it is theft of your wealth and transferring it to the rich. And that’s why from 1913 to today income and wealth inequity has gone to the widest in history, and it’s

29/29 “why this myth of inflation being good for you and why that should be a goal of the central bank is just ridiculous.”

Timestamp: 15:13

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