A great passage from Charles A. Lindberg's book,
Why Your Country is at War. I have emphasized the parts we have recently experienced. This is a mock conversation between a politician, a bankster (probably a direct forebear of JP Morgan Chase), and a farmer.
Tell me if you're not blown away by the similarities.
THE FARMER AND WALL STREET SPECULATOR AFT'ER EMERGENCY CURRENCY
Mr. Politician: Good morning, Mr. Speculator; what brought you to Washington again and at such a time as this? I thought when we gave you your Federal Reserve Banking System that that would satisfy you forever.
Mr. Speculator: Good morning, Mr. Politician. Don't twit me of the past. I wish to see you in private till we can talk over the most important business that ever was on this earth.
Mr. Politician: You evidently think me high up in the political councils here. I pretend to no such great importance. If you have such important business, there should be more of us in conference. No man is big enough to tackle the most important business ever, but I will listen to what you have to say.
Mr. Speculator: Of course we understand each other, but even at that it may be well for you to practice your modesty—to keep on the safe side. I know the importance of your help. We may as well be perfectly frank with each other. Even the greatest of things must begin some where and with some one. There is absolutely no time to waste. You know I am a product of Wall Street and "big business." I represent it. It is in danger this very minute—unfortunately so, for in spite of its danger, it also has its greatest opportunity. We must have help immediately from Congress, for this sudden war, no one can tell when or where it will end, or who or which nations it will involve. Our business was always on a great scale, but this sudden war burst upon us and we have not the capacity to take advantage of it unless Congress helps us. Financial help we demand. We now control $20,000,000,000 of bank deposits to run the business of the country, including our promoting enterprises. We have some deposits of our own, but who knows when the depositors might start a run, lick up the deposits and prevent our taking advantage of speculating on the war business. War business o'ffers the greatest and the most rapid means of building immense fortunes, something worth while to us Americans. We must act quickly, for now is our opportunity to make America the financial center of the world, and our friends to dominate. Germany is pushing out in every direction her vast armies for invasion. Russia is mobilizing and moving her great forces for action. France is rapidly mobilizing and marching- her armies to hold the Germans in check. England, too, will immediately be in the whirl. The world may soon be at it, and I must inform my people that Congress will extend the unlimited credit of the Government to our banks. Without that immediate assurance, we would be forced to precipitate a panic tomorrow, the likes of which in its trail of financial ruin never has been equalled. What, Mr. Politician, have you to offer by way of suggestion for immediate action?
Mr. Politician: Some proposition this is, that you make—too big for me this morning. We shall have to get more of us together in order to figure out a plan of action and draft some bill to be enacted to give the relief. I am not for placing the financial credit of the Government behind those whom you represent, but we must meet the emergency. We must prepare some bill that will meet it.
Mr. Speculator: "Some bill!" No need to talk about "some bill." We have the plan and the bill prepared already. It is only a question of getting it enacted into law in the least time possible.