Page 148 - Planet Rothschild. Volume 1 : the forbidden history of the new world order, 1763-1939

Like all bursting bubbles of economics, the U.S. Panic of 1893 is a serious

economic depression caused by excessive lending of bank notes (monetary
expansion) followed by the inevitable tightening of loans. As always, when there
is not enough new money flowing into the system to replace support the
repayment of old loans, the end result is stock market crashes, bank runs and
bank failures.

Compounding the panic is a run on the gold supply. Even though the currency is

gold-backed, and although there is no Central Bank, bankers had still been able
to artificially balloon the money supply with ‘paper gold’ issued through the
scam of “fractional reserve banking”.

The Democrats and President Cleveland are generally blamed for the Depression
as the decline of the gold reserves stored in the Treasury fell to a dangerously
low level. This forces Cleveland to borrow $65 million in gold from legendary

Wall-Street banker J.P. Morgan and the Rothschilds of England. (3) Crawling to
Morgan & Rothschild is the only way to support the gold standard. Morgan is an
immensely wealthy and powerful man in his own right; but he is a “made man” -
his maker being the House of Rothschild.

The simple-minded blame “Capitalism” for the distress. Many of them will turn
leftward politically, even radically so. But the more astute observers place the

blame elsewhere. Jewish historian Hasia Diner notes: "Some Populists believed
that Jews made up a class of international financiers whose policies had ruined
small family farms. Jews, they asserted, owned the banks and promoted the gold
standard, the chief sources of their impoverishment. Agrarian radicalism posited
the city as antithetical to American values, asserting that Jews were the essence
of urban corruption.” (4) Like all previous and future monetary crashes &
panics, 1893 is a very good year for Rothschilds. It marks a major American
power grab for the House of Rothschild and its American agents and allies.