None of this is accidental. It is the fulfillment of a plan by members of the CFR who comprise the hidden government of the United States. Their goal is the deliberate weakening of the industrialized nations as a prerequisite to bringing them into a world government built upon the principles of socialism, with themselves in control.
The origin of many of the stratagems in this plan can be traced to a government-sponsored think-tank study released in 1966
called the
Several surrogates for war were considered, but the only one holding real promise was the environmental-pollution model. This was viewed as the most likely to succeed because (1) it could be related to observable conditions such as smog and water pollution—in other words, it would be based partly on fact and, therefore, believable—and (2) predictions could be made showing end-of-earth scenarios just as horrible as atomic warfare. Accuracy in these predictions would not be important. Their purpose would be to frighten, not to inform.
While
Chapter Twenty-Five
A PESSIMISTIC
SCENARIO
We are ready now for the final trip in our time machine. On the control panel in front of us are several selector switches. The one on the left indicates
A BANKING CRISIS
It is 4:05 in the morning. While New York City sleeps, the computers on the fourth floor at Citibank are aware that a full-blown crisis is underway. It started in London—five hours ahead of the East coast—and within minutes had spread like an electronic virus to Tokyo and Hong Kong. That was an hour ago.
Alarms are now sounding on computer terminals in all the trading centers of the world, and automatic dialing devices are summoning money managers to their board rooms.
The panic started from rumors that one of the large U.S. banks was in trouble because of the simultaneous default of its loan to Mexico and the bankruptcy of its second-largest corporate borrower. Yesterday afternoon, the bank's president held a press conference and denied that these were serious problems. To reinforce his optimism, he announced that, on Friday, the bank will be paying a higher-than-usual quarterly dividend. The professional 538
THE CREATURE FROM JEKYLL ISLAND
money managers were not convinced. They knew that writing off these loans would wipe out the bank's entire net worth.
All American banks are now so intertwined in their operations that trouble for one affects them all. By 5 A.M.,
the money-center banks are facing heavy withdrawals from overseas depositors. By the time the sun peeks between the New York skyscrapers,Americans are also taking their money. These are not small transactions. They involve other banks, insurance companies, and investment funds. The average withdrawal is over $3 million. The reservoir is draining fast.
It is now 7:45. The banks will soon be opening their doors, and already newspaper reporters and TV crews are arriving outside. A plan of unified action must be made quickly.
The Chairman of the Federal Reserve has arranged an emer-