The Secret Side Of History Mystery Babylon, 209P — Page 106

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matters worse, the Federal Reserve reduced the money
supply by more than a third between 1929 and 1933,
doing just the opposite of what it had supposedly been
created to do.

Those in on the game sold their stock at the peak of
the market, and bought it back for five cents on the
dollar. Thus, they made vast fortunes out of the
misfortunes of others. The Great Depression was
actually a massive transfer of wealth, out of the hands of
the American people who had worked to create it, and
into the hands of the Money Barons who had engineered

dollar.

While the American people were being set up for
financial disaster, the perpetrators were also working to
get their man into the White House. The man they
selected was a Harvard graduate whose family had been
in New York banking since the eighteenth century. Their
candidate had pursued a career on Wall Street and was
on the board of directors of eleven corporations. He was
first backed for governor of New York and then for
president of the United States. To gain the confidence of
the international socialists, he had written an article for
the Council on Foreign Relations showing his support for
world government. This article was published in their
magazine, Foreign Affairs, in July 1928. It may have
been more than coincidental that he also lived in a house

101

Building Modern Babylon

the stock market crash.

next door to the Council on Foreign Relations’

headquarters in New York.