Creature From Jekyll Island by G. Edward

Eastman Kodak, SC Johnson & Son, Xerox, American Express, Procter

& G a m b l e , W o o l w o r t h , P h i l i p M o r r i s , F o r d , C o m p a q Computer—hardly a single American brand name was missing.1

ITEM: In February of 1996, the Clinton Administration made a $1 billion loan of US taxpayers' money to Russia's state-controlled Aeroflot company so it could more effectively compete with American companies such as Boeing in the building of jumbo jets.

By the end of that year, the former Soviet Bloc countries had received transfusions from the World Bank of over $3 billion.

ITEM: Now the action has spread to China. American banks

and businessmen—with taxpayers standing by with guarantees—

have provided power-generating equipment, modern steel mills, and military hardware including artillery shells, anti-submarine torpedoes, and high-tech electronic gear to update Russian-made jet fighters. All of this is explained as a means of weaning the Red Chinese away from mother Russia and encouraging them to move closer to free- enterprise capitalism. Yet, in 1985, at the height of the frenzy over building trade bridges to China, the regime signed a $14 billion trade pact with Russia and, in 1986, sent a $20 million interest-free loan to the Communist Sandinistas in Nicaragua. Even after the 1989 Tiananmen Square massacre in Beijing, when U.S.

officials were publicly condemning China for human-rights violations, business quietly continued as usual. 'The United States cannot condone the violent attacks and cannot ignore the consequence for our relationship with China,' said President Bush. Yet, within only a few weeks of the bloodshed, and at the very time that student leaders were being executed, the Administration approved a $200 million, low-interest loan for delivery of four of Boeing's newest jumbo-jet aircraft. In 1993, forty-seven more jetliners were sold with a projected sale of 800 more over the next fifteen years.

Amoco is spending $1.5 billion to develop oil fields in the China Sea. A joint venture between the Chinese government and Chrysler 1. 'The Payoff,' by Jane H. Ingraham, The New American, June 28,1993, pp. 25-6.

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is building military jeeps. A similar joint project is being used to upgrade their F-8 fighter planes. Three communications satellites were cleared for delivery. AT&T contracted a $30 million cellular communications network. Even the President's brother, Prescott Bush, resumed his plan to set up a satellite-linked computer network and to build a golf course near Shanghai.

China's interest in military technology is revealing. In addition to the advanced hardware purchased from the United States, the Chinese have bought MIG-31 and SU-27 jet fighters from Russia and an aircraft carrier constructed in Ukraine. In May of 1992, China set off its biggest underground nuclear blast. In 1997, the purchase list was extended to include self-propelled gun-mortar systems and Russia's most advanced diesel-electric submarines.

Although it is known that China maintains a slave-labor work force in excess of a million people—they call them 'convicts'—and although the Tariff Act of 1930 prohibits the United States from importing any goods made even in part by convicts or other forced labor, every administration starting with Nixon has renewed the

'most-favored-nation' trade status for China.

How is China expected to pay for all this 'trade'? Very simple.

By 1996, China had become the largest single recipient of guaranteed loans and subsidies from the World Bank.

ITEM: In addition to these decades of global trade, credit, and taxpayer guarantees, the United States government has transferred tens of billions of dollars in direct foreign-aid grants with no pretense at all regarding expectation of repayment.

The trail leads to Wall Street, and the tracks are fresh. The Round Table network did succeed in exploiting the markets of Eastern Europe and continues to do so today. The cast of characters has changed, but the play remains the same. In the beginning, the Council on Foreign Relations was dominated by J.P. Morgan. It is still controlled by international financiers. The Morgan group gradually has been replaced by the Rockefeller consortium, and the roll call of participating businesses now reads like the Fortune 500.

The operation no longer pretends to be a Red Cross mission; it now masquerades under the cover of 'East- West Trade.'

Politicians are fond of talking about the necessity of preserving world peace, and trade, we are told, is one of the best ways to do it.

The implication is that this is a time of peace. In truth, we live in one of the most war-torn eras the world has ever seen. No continent THE BEST ENEMY MONEY CAN BUY 303

today, except Antarctica, is free from war. There are from 25 to 40

military struggles going on somewhere every day of the year.

There have been more than 150 armed conflicts since the end of World War II with the death count already in excess of 20 million and rising.1 We cannot help noticing that this also has been a period of rising government debt and the global creation of fiat money.

THE NEW ALCHEMY

The alchemists of ancient times vainly sought the philosophers'

stone which they believed would turn lead into gold. Is it possible that such a stone actually has been found? Can it be that the money alchemists of our own time have learned how to transmute war into debt, and debt into war, and both into gold for themselves?

In a previous section, we theorized a strategy, dubbed the Rothschild Formula, in which the world's money cabal deliberately encourages war as a means of stimulating the profitable production of armaments and of keeping nations perpetually in debt. This is not profit seeking, it is genocide. It is not a trivial matter, therefore, to inquire into the possibility that our elected and non-elected leaders are, in fact, implementing the Rothschild Formula today.