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CHAPTER SIX

The London Connection

"So you see, my dear Coningsby, that the world is governed by very 

different personages from what is imagined by those who are not 

behind the scenes."55--Disraeli, Prime Minister of England during Queen 

Victoria’s reign.

In 1775, the colonists of America declared their independence from 

Great Britain, and subsequently won their freedom by the American 

Revolution. Although they achieved political freedom, financial 

independence proved to be a more difficult matter. In 1791, 

Alexander Hamilton, at the behest of European bankers, formed the 

first Bank of the United States, a central bank with much the same 

powers  as  the  Bank  of  England.  The foreign influences behind this 

bank, more than a century later, were able to get the Federal Reserve 

Act through Congress, giving them at last the central bank of issue for 

our economy. Although the Federal Reserve Bank was neither Federal, 

being owned by private stockholders, nor a Reserve, because it was 

intended to create money, instead of  to  hold  it  in  reserve,  it  did 

achieve enormous financial power, so much so that it has gradually 

superseded the popular elected government of the United States. 

Through the Federal Reserve System, American independence was 

stealthily but invincibly absorbed back into the British sphere of 

influence. Thus the London Connection became the arbiter of policy 

of the United States.