- In "The Coming Battle: A Complete History of the National Banking Money Power in the United States," M.W. Walbert traces the history of financial power from ancient civilizations to modern times, highlighting its transformation into the control of money and credit.
- The book delves into the contentious debates among the Founding Fathers, particularly Alexander Hamilton's advocacy for a strong central bank versus Thomas Jefferson's fears of an unelected elite controlling the economy. Walbert meticulously documents the creation of the first Bank of the United States and its subsequent influence.
- Walbert chronicles the rise and fall of the United States Bank, detailing its political battles, financial panics and its role in engineering economic hardship through deliberate currency contraction. He portrays the bank as a powerful adversary to the government, influencing elections and opposing government efforts during the War of 1812.
- Walbert introduces the concept of the "modern money power," arguing that it has become a pervasive force controlling global markets and economies. He calls for the "dethronement" of this power, advocating for government control over currency issuance to preserve American liberty and ensure justice for all.
- Walbert examines the 1873 demonetization of silver, portraying it as a pivotal moment orchestrated by international financiers through deceptive means.
M.W. Walbert's "
The Coming Battle - A Complete History of the National Banking Money Power in the United States" delves into this complex and often misunderstood subject, offering a comprehensive and eye-opening account of how financial power has been wielded
– and abused – throughout the nation's history.
The book begins with a resonant quote from President Andrew Jackson: "Justice, full and ample justice, to every portion of the United States, should be the ruling principle of every freeman." These words set the stage for Walbert's exploration of the ideals that underpin American democracy and the challenges posed by the concentration of financial power. Walbert argues that the "money power," a term he uses to describe the influence of international financiers and their domestic allies, has often operated above the law,
manipulating governments and economies to serve its own interests.
Walbert takes readers on a journey through time, starting with the earliest civilizations where power was often synonymous with control over resources and trade. He argues that in modern times, this power has evolved into a more insidious form: the control of money and credit. This "gigantic combination of money dealers," as Walbert describes it, has exerted its influence over governments, economies and even the outcomes of wars.
One of the most compelling sections of the book is its detailed account of the origins of the national banking system in the United States. Walbert revisits the late 18th century, a time when the Founding Fathers were deeply divided over the role of banks. Alexander Hamilton, with his vision of a strong central government and robust financial system, advocated for the establishment of the first Bank of the United States. Thomas Jefferson, however, vehemently opposed the idea, fearing that it would create an
unelected elite with the power to control the nation's economy.
Walbert meticulously documents the debates and decisions that led to the bank's creation, highlighting the warnings of Jefferson, who foresaw the potential for corruption and undue influence. Despite these concerns, the bank was chartered, setting a precedent for future financial institutions that would wield significant power over the nation's economic landscape.
The book then delves into the tumultuous history of the United States Bank, chronicling its rise and fall. Walbert recounts the political battles, financial panics and public outcry that marked the bank's operations. He describes how the bank, at times, acted as a powerful adversary to the government, using its financial clout to influence elections and even oppose the government's efforts during the War of 1812.
Perhaps the most alarming aspect of Walbert's account is his description of the
bank's role in engineering financial distress. He cites instances where the bank deliberately contracted the currency, causing widespread economic hardship. This was not merely a byproduct of its operations but a calculated strategy to maintain its dominance and influence.
As the narrative progresses, Walbert introduces the concept of the "modern money power," a term that encapsulates the increasingly centralized and international nature of financial control. He argues that this power has become so pervasive that it now "holds every civilized and semi-civilized people in its merciless grasp." This assertion resonates with many of the economic challenges faced by nations today, from income inequality to the volatility of global markets.
He calls for the "dethronement" of the money power and its subordination to the will of the people. He advocates for a return to a system where the government, not private corporations, controls the issuance of currency. This, he believes, is essential for preserving American liberty and ensuring justice for all.
The book also examines the controversial demonetization of silver in 1873, a decision that Walbert sees as a pivotal moment in the consolidation of the money power's control. He argues that this move, driven by international financiers and enacted through deceptive means, had devastating consequences for the American economy and the livelihoods of millions.
Walbert's account of the political maneuvering and backroom deals that led to the demonetization of silver is both fascinating and disturbing. He cites testimonies from senators and representatives who claimed they were unaware of the true implications of the legislation they were voting on. This revelation underscores the power of lobbying and the potential for legislative sleight of hand.
Learn more about the book "
The Coming Battle" by watching the video below.
This video is from the
BrightLearn channel on Brighteon.com.
Sources include:
Brighteon.ai
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