PROTOCOL No. 19
1. If we do not permit any
independent dabbling in the political we shall on the other hand
encourage every kind of report or petition with proposals for the
government to examine into all kinds of projects for the amelioration
of the condition of the people; this will reveal to us the defects or
else the fantasies of our subjects, to which we shall respond either
by accomplishing them or by a wise rebuttment to prove the
shortsightedness of one who judges wrongly.
2. Sedition-mongering is
nothing more than the yapping of a lap- dog at an elephant. For a
government well organized, not from the police but from the public
point of view, the lap-dog yaps at the elephant in entire
unconsciousness of its strength and importance. It needs no more than
to take a good example to show the relative importance of both and
the lap-dogs will cease to yap and will wag their tails the moment
they set eyes on an elephant.
3. In order to destroy the
prestige of heroism for political crime we shall send it for trial in
the category of thieving, murder, and every kind of abominable and
filthy crime. Public opinion will then confuse in its conception of
this category of crime with the disgrace attaching to every other and
will brand it with the same contempt.
4. We have done our best,
and I hope we have succeeded to obtain that the GOYIM should not
arrive at this means of contending with sedition. It was for this
reason that through the Press and in speeches, indirectly - in
cleverly compiled school- books on history, we have advertised the
martyrdom alleged to have been accredited by sedition-mongers for the
idea of the commonweal. This advertisement has increased the
contingent of liberals and has brought thousands of GOYIM into the
ranks of our livestock cattle.
PROTOCOL No. 20
1. To-day we shall touch
upon the financial program, which I put off to the end of my report
as being the most difficult, the crowning and the decisive point of
our plans. Before entering upon it I will remind you that I have
already spoken before by way of a hint when I said that the sum total
of our actions is settled by the question of figures.
2. When we come into our
kingdom our autocratic government will avoid, from a principle of
self-preservation, sensibly burdening the masses of the people with
taxes, remembering that it plays the part of father and protector.
But as State organization cost dear it is necessary nevertheless to
obtain the funds required for it. It will, therefore, elaborate with
particular precaution the question of equilibrium in this
matter.
3. Our rule, in which the
king will enjoy the legal fiction that everything in his State
belongs to him (which may easily be translated into fact), will be
enabled to resort to the lawful confiscation of all sums of every
kind for the regulation of their circulation in the State. From this
follows that taxation will best be covered by a progressive tax on
property. In this manner the dues will be paid without straitening or
ruining anybody in the form of a percentage of the amount of
property. The rich must be aware that it is their duty to place a
part of their superfluities at the disposal of the State since the
State guarantees them security of possession of the rest of their
property and the right of honest gains, I say honest, for the control
over property will do away with robbery on a legal basis.
4. This social reform must
come from above, for the time is ripe for it - it is indispensable as
a pledge of peace.
WE SHALL DESTROY CAPITAL
5. The tax upon the poor
man is a seed of revolution and works to the detriment of the State
which is hunting after the trifling is missing the big. Quite apart
from this, a tax on capitalists diminishes the growth of wealth in
private hands in which we have in these days concentrated it as a
counterpoise to the government strength of the GOYIM - their State
finances.
6. A tax increasing in a
percentage ratio to capital will give much larger revenue than the
present individual or property tax, which is useful to us now for the
sole reason that it excites trouble and discontent among the GOYIM.
(Now we know the purpose of the 16th Amendment!!).
7. The force upon which our
king will rest consists in the equilibrium and the guarantee of
peace, for the sake of which things it is indispensable that the
capitalists should yield up a portion of their incomes for the sake
of the secure working of the machinery of the State. State needs must
be paid by those who will not feel the burden and have enough to take
from.
8. Such a measure will
destroy the hatred of the poor man for the rich, in whom he will see
a necessary financial support for the State, will see in him the
organizer of peace and well-being since he will see that it is the
rich man who is paying the necessary means to attain these
things.
9. In order that payers of
the educated classes should not too much distress themselves over the
new payments they will have full accounts given them of the
destination of those payments, with the exception of such sums as
will be appropriated for the needs of the throne and the
administrative institutions.
10. He who reigns will not
have any properties of his own once all in the State represented his
patrimony, or else the one would be in contradiction to the other;
the fact of holding private means would destroy the right of property
in the common possessions of all.
11. Relatives of him who
reigns, his heirs excepted, who will be maintained by the resources
of the State, must enter the ranks of servants of the State or must
work to obtain the right to property; the privilege of royal blood
must not serve for the spoiling of the treasury.
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12. Purchase, receipt of
money or inheritance will be subject to the payment of a stamp
progressive tax. Any transfer of property, whether money or other,
without evidence of payment of this tax which will be strictly
registered by names, will render the former holder liable to pay
interest on the tax from the moment of transfer of these sums up to
the discovery of his evasion of declaration of the transfer. Transfer
documents must be presented weekly at the local treasury office with
notifications of the name, surname and permanent place of residence
of the former and the new holder of the property. This transfer with
register of names must begin from a definite sum which exceeds the
ordinary expenses of buying and selling necessaries, and these will
be subject to payment only by a stamp impost of a definite percentage
of the unit.
13. Just strike an estimate
of how many times such taxes as these will cover the revenue of the
GOYIM States.
WE CAUSE DEPRESSIONS
14. The State exchequer
will have to maintain a definite complement of reserve sums, and all
that is collected above that complement must be returned into
circulation. On these sums will be organized public works. The
initiative in works of this kind, proceeding from State sources, will
blind the working class firmly to the interests of the State and to
those who reign. From these same sums also a part will be set aside
as rewards of inventiveness and productiveness.
15. On no account should so
much as a single unit above the definite and freely estimated sums be
retained in the State Treasuries, for money exists to be circulated
and any kind of stagnation of money acts ruinously on the running of
the State machinery, for which it is the lubricant; a stagnation of
the lubricant may stop the regular working of the mechanism.
16. The substitution of
interest-bearing paper for a part of the token of exchange has
produced exactly this stagnation. The consequences of this
circumstance are already sufficiently noticeable.
17. A court of account will
also be instituted by us, and in it the ruler will find at any moment
a full accounting for State income and expenditure, with the
exception of the current monthly account, not yet made up, and that
of the preceding month, which will not yet have been delivered.
18. The one and only person
who will have no interest in robbing the State is its owner, the
ruler. This is why his personal control will remove the possibility
of leakages of extravagances.
19. The representative
function of the ruler at receptions for the sake of etiquette, which
absorbs so much invaluable time, will be abolished in order that the
ruler may have time for control and consideration. His power will not
then be split up into fractional parts among time-serving favorites
who surround the throne for its pomp and splendor, and are interested
only in their own and not in the common interests of the State.
20. Economic crises have
been producer by us for the GOYIM by no other means than the
withdrawal of money from circulation. Huge capitals have stagnated,
withdrawing money from States, which were constantly obliged to apply
to those same stagnant capitals for loans. These loans burdened the
finances of the State with the payment of interest and made them the
bond slaves of these capitals .... The concentration of industry in
the hands of capitalists out of the hands of small masters has
drained away all the juices of the peoples and with them also the
States .... (Now we know the purpose of the Federal Reserve Bank
Corporation!!).
21. The present issue of
money in general does not correspond with the requirements per head,
and cannot therefore satisfy all the needs of the workers. The issue
of money ought to correspond with the growth of population and
thereby children also must absolutely be reckoned as consumers of
currency from the day of their birth. The revision of issue is a
material question for the whole world.
22. YOU ARE AWARE THAT THE
GOLD STANDARD HAS BEEN THE RUIN OF THE STATES WHICH ADOPTED IT, FOR
IT HAS NOT BEEN ABLE TO SATISFY THE DEMANDS FOR MONEY, THE MORE SO
THAT WE HAVE REMOVED GOLD FROM CIRCULATION AS FAR AS POSSIBLE.
GENTILE STATES BANKRUPT
23. With us the standard
that must be introduced is the cost of working-man power, whether it
be reckoned in paper or in wood. We shall make the issue of money in
accordance with the normal requirements of each subject, adding to
the quantity with every birth and subtracting with every death.
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24. The accounts will be
managed by each department (the French administrative division), each
circle.
25. In order that there may
be no delays in the paying our of money for State needs the sums and
terms of such payments will be fixed by decree of the ruler; this
will do away with the protection by a ministry of one institution to
the detriment of others.
26. The budgets of income
and expenditure will be carried out side by side that they may not be
obscured by distance one to another.
27. The reforms projected
by us in the financial institutions and principles of the GOYIM will
be clothed by us in such forms as will alarm nobody. We shall point
out the necessity of reforms in consequence of the disorderly
darkness into which the GOYIM by their irregularities have plunged
the finances. The first irregularity, as we shall point out, consists
in their beginning with drawing up a single budget which year after
year grows owing to the following cause: this budget is dragged out
to half the year, then they demand a budget to put things right, and
this they expend in three months, after which they ask for a
supplementary budget, and all this ends with a liquidation budget.
But, as the budget of the following year is drawn up in accordance
with the sum of the total addition, the annual departure from the
normal reaches as much as 50 per cent in a year, and so the annual
budget is trebled in ten years. Thanks to such methods, allowed by
the carelessness of the GOY States, their treasuries are empty. The
period of loans supervenes, and that has swallowed up remainders and
brought all the GOY States to bankruptcy. (The United States was
declared "bankrupt" at the Geneva Convention of 1929! [see 31 USC
5112, 5118, and 5119).
28. You understand
perfectly that economic arrangements of this kind, which have been
suggested to the GOYIM by us, cannot be carried on by us.
29. Every kind of loan
proves infirmity in the State and a want of understanding of the
rights of the State. Loans hang like a sword of Damocles over the
heads of rulers, who, instead of taking from their subjects by a
temporary tax, come begging with outstretched palm of our bankers.
Foreign loans are leeches which there is no possibility of removing
from the body of the State until they fall off of themselves or the
State flings them off. But the GOY States do not tear them off; they
go on in persisting in putting more on to themselves so that they
must inevitably perish, drained by voluntary blood-letting.
TYRANNY OF USURY
30. What also indeed is, in
substance, a loan, especially a foreign loan? A loan is - an issue of
government bills of exchange containing a percentage obligation
commensurate to the sum of the loan capital. If the loan bears a
charge of 5 per cent, then in twenty years the State vainly pays away
in interest a sum equal to the loan borrowed, in forty years it is
paying a double sum, in sixty - treble, and all the while the debt
remains an unpaid debt.
31. From this calculation
it is obvious that with any form of taxation per head the State is
baling out the last coppers of the poor taxpayers in order to settle
accounts with wealth foreigners, from whom it has borrowed money
instead of collecting these coppers for its own needs without the
additional interest.
32. So long as loans were
internal the GOYIM only shuffled their money from the pockets of the
poor to those of the rich, but when we bought up the necessary person
in order to transfer loans into the external sphere, all the wealth
of States flowed into our cash- boxes and all the GOYIM began to pay
us the tribute of subjects.
33. If the superficiality
of GOY kings on their thrones in regard to State affairs and the
venality of ministers or the want of understanding of financial
matters on the part of other ruling persons have made their countries
debtors to our treasuries to amounts quite impossible to pay it has
not been accomplished without, on our part, heavy expenditure of
trouble and money.
34. Stagnation of money
will not be allowed by us and therefore there will be no State
interest-bearing paper, except a one per- cent series, so that there
will be no payment of interest to leeches that suck all the strength
out of the State. The right to issue interest-bearing paper will be
given exclusively to industrial companies who will find no difficulty
in paying interest out of profits, whereas the State does not make
interest on borrowed money like these companies, for the State
borrows to spend and not to use in operations. (Now we know why
President Kennedy was assassinated in 1963 when he refused to borrow
any more of the "Bank Notes" from the bankers of the Federal Reserve
Bank and began circulating non-interest bearing "Notes" of the
"United States of America"!!!).
35. Industrial papers will
be bought also by the government which from being as now a paper of
tribute by loan operations will be transformed into a lender of money
at a profit. This measure will stop the stagnation of money,
parasitic profits and idleness, all of which were useful for us among
the GOYIM so long as they were independent but are not desirable
under our rule.
36. How clear is the
undeveloped power of thought of the purely brute brains of the GOYIM,
as expressed in the fact that they have been borrowing from us with
payment of interest without ever thinking that all the same these
very moneys plus an addition for payment of interest must be got by
them from their own State pockets in order to settle up with us. What
could have been simpler than to take the money they wanted from their
own people?
37. But it is a proof of
the genius of our chosen mind that we have contrived to present the
matter of loans to them in such a light that they have even seen in
them an advantage for themselves.
38. Our accounts, which we
shall present when the time comes, in the light of centuries of
experience gained by experiments made by us on the GOY States, will
be distinguished by clearness and definiteness and will show at a
glance to all men the advantage of our innovations. They will put an
end to those abuses to which we owe our mastery over the GOYIM, but
which cannot be allowed in our kingdom.
39. We shall so hedge about
our system of accounting that neither the ruler nor the most
insignificant public servant will be in a position to divert even the
smallest sum from its destination without detection or to direct it
in another direction except that which will be once fixed in a
definite plan of action. (Is this why a "private corporation," known
as the "Internal Revenue Service," is in charge of collecting the
"payments" of the "Income Taxes" and the IRS always deposits those
"payments" to the Federal Reserve bank and never to the Treasury of
the United States??).
40. And without a definite
plan it is impossible to rule. Marching along an undetermined road
and with undetermined resources brings to ruin by the way heroes and
demigods.
41. The GOY rulers, whom we
once upon a time advised should be distracted from State occupations
by representative receptions, observances of etiquette,
entertainments, were only screens for our rule. The accounts of
favorite courtiers who replaced them in the sphere of affairs were
drawn up for them by our agents, and every time gave satisfaction to
short-sighted minds by promises that in the future economics and
improvements were foreseen .... Economics from what? From new taxes?
- were questions that might have been but were not asked by those who
read our accounts and projects.
42. You know to what they
have been brought by this carelessness, to what pitch of financial
disorder they have arrived, notwithstanding the astonishing industry
of their peoples.
PROTOCOL No. 21
1. To what I reported to
you at the last meeting I shall now add a detailed explanation of
internal loans. Of foreign loans I shall say nothing more, because
they have fed us with national moneys of the GOYIM, but for our State
there will be no foreigners, that is, nothing external.
2. We have taken advantage
of the venality of administrators and slackness of rulers to get our
moneys twice, thrice and more times over, by lending to the GOY
governments moneys which were not at all needed by the States. Could
anyone do the like in regard to us? .... Therefore, I shall only deal
with the details of internal loans.
3. States announce that
such a loan is to be concluded and open subscriptions for their own
bills of exchange, that is, for their interest-bearing paper. That
they may be within the reach of all the price is determined at from a
hundred to a thousand; and a discount is made for the earliest
subscribers. Next day by artificial means the price of them goes up,
the alleged reason being that everyone is rushing to buy them. In a
few days the treasury safes are as they say overflowing and there's
more money than they can do with (why then take it?). The
subscription, it is alleged, covers many times over the issue total
of the loan; in this lies the whole stage effect - look you, they
say, what confidence is shown in the government's bills of
exchange.
4. But when the comedy is
played out there emerges the fact that a debit and an exceedingly
burdensome debit has been created. For the payment of interest it
becomes necessary to have recourse to new loans, which do not swallow
up but only add to the capital debt. And when this credit is
exhausted it becomes necessary by new taxes to cover, not the loan,
BUT ONLY THE INTEREST ON IT. These taxes are a debit employed to
cover a debit ....
5. Later comes the time for
conversions, but they diminish the payment of interest without
covering the debt, and besides they cannot be made without the
consent of the lenders; on announcing a conversion a proposal is made
to return the money to those who are not willing to convert their
paper. If everybody expressed his unwillingness and demanded his
money back, the government would be hooked on their own files and
would be found insolvent and unable to pay the proposed sums. By good
luck the subjects of the GOY governments, knowing nothing about
financial affairs, have always preferred losses on exchange and
diminution of interest to the risk of new investments of their
moneys, and have thereby many a time enabled these governments to
throw off their shoulders a debit of several millions.
6. Nowadays, with external
loans, these tricks cannot be played by the GOYIM for they know that
we shall demand all our moneys back.
7. In this way in
acknowledged bankruptcy will best prove to the various countries the
absence of any means between the interest of the peoples and of those
who rule them.
8. I beg you to concentrate
your particular attention upon this point and upon the following:
nowadays all internal loans are consolidated by so-called flying
loans, that is, such as have terms of payment more or less near.
These debts consist of moneys paid into the savings banks and reserve
funds. If left for long at the disposition of a government these
funds evaporate in the payment of interest on foreign loans, and are
placed by the deposit of equivalent amount of RENTS.
9. And these last it is
which patch up all the leaks in the State treasuries of the GOYIM.
10. When we ascend the
throne of the world all these financial and similar shifts, as being
not in accord with our interests, will be swept away so as not to
leave a trace, as also will be destroyed all money markets, since we
shall not allow the prestige of our power to be shaken by
fluctuations of prices set upon our values, which we shall announce
by law at the price which represents their full worth without any
possibility of lowering or raising. (Raising gives the pretext for
lowering, which indeed was where we made a beginning in relation to
the values of the GOYIM.)
11. We shall replace the
money markets by grandiose government credit institutions, the object
of which will be to fix the price of industrial values in accordance
with government views. These institutions will be in a position to
fling upon the market five hundred millions of industrial paper in
one day, or to buy up for the same amount. In this way all industrial
undertakings will come into dependence upon us. You may imagine for
yourselves what immense power we shall thereby secure for
ourselves.
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