The Coming Battle: A Complete History of the National Banking Money Power in the United States (Hardcover)

by M. W Walbert (Author), Paul Walter (Foreword), Lorraine Walter (Foreword)

Product Details

• Hardcover: 364 pages
• Publisher: Walter Publishing & Research (1997)
• Language: English
• ISBN-10: 0965636909
• ISBN-13: 978-0965636902
• Average Customer Review: 5.0 out of 5 stars See all reviews (3 customer reviews)
• Amazon.com Sales Rank: #528,064 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

35 of 37 people found the following review helpful:

5.0 out of 5 stars Excellent explantion of national banking power., October 23, 1998

By A Customer

This book describes the insidious threats undertaken by a select group of moneyed powers to destroy our Constitutional rights given to Congress in the control of money, regulating its value, and the right of the country's money supply belonging to its citizens.

The author does an excellent analysis of the British intent to destroy America's fledgling financial dreams of a money system for the people and created by the people. Through its agents of Jay Cooke & Co., the Rothschilds and the traitorous Senator from Ohio John Sherman (brother of Gen. Wm. T. Sherman) the rise of the national banks and their sole intent to destroy the Constitution by controlling and regulating the supply and value of the country's money. Drawing on numerous 'hidden' sources -- memos, letters, etc. -- the book describes exceedingly well the worst in political and financial corruption encountered in the 19th Century.

This book explains the dialectics of money power eloquently and scholarly. Concentrating mainly on the 19th Century (it is a little weak on the Hamilton, Jefferson and Morris discussions first exposing the differences in financial power prior to 1792 and the discussions in determing what a dollar or 'unit' consists) nevertheless, it rightfully places Andrew Jackson as perhaps the greatest president in exposing the corruption of the (Second) Bank of the United States and the seditious acts of those associated with it (or instance its president Nicholas Biddle, et al.) and most importantly, providing the clarion warning call to all 19th, 20th and 21st Century sons of liberty that giving away the people's control of the money system is the primary constitutional threat to sovereignty this country faces.

The state banking era (1837 to 1862) however is not properly addressed (perhaps the author believed this was the era in which decentralized banking practices were in accord with the intent of those who framed the Constitution -- we will never know), and neither is there a full expose of those individual interests in forming the power basis of national banks with the exception of the secret meetings of John Sherman (in 1867) with British financiers. Obviously, at the time the book was written, the national banks had completely corrupted the financial system to the point where so much of the system's weaknesses were blatantly noticable by all (debters and creditors alike) but those very few who derived maximum benefit. The state banking era was but a temporary memory between the interlude between the collapse of the corrupt (second) Bank of the US and the rise of the corrupt national banking system (which was in guise a reincarnation at a tempt at a central banking system -- the National Banking Association in NY called the shots much like today's Fed. Res. system).

The 1862 to 1875 period is rightfully exposed as the most politically and financially corrupt period of the national banking era. Until 1873 gold and silver bullion was freely coined into money on account of the depositer at the mint, thereafter, on the account of the US Treasury. The mysterious circumstances surrounding the congressional passage of the Act of Feb. 12, 1873 is exposed and evidence is presented on why so many in Congress changed their voting records to promote passage of this act. Furthermore, the big mystery of why the silver dollar was deleted from the list of coins to be made on the final draft of the bill remains today. The effects of this would shape the debate between the silver and gold interests until 1900. Thereby, 1873 is rightfully exposed by the author as the last year the US could be a creditor nation, thereafter it was indebted to those interests who controlled politics and finances. With most of the later quarter of the 19th century the moneyed interests attempted to destroy the greenbacks (Resumption Act of 1875) and government financial instruments in hopes to promoting a debt based financial system where the money does not belong to the people but must be had through the banks at high rates of interest.

To a great extent the national banking system brought about a system that succeeded in creating a central banking power controlling the political and financial system in the country. While the forms change with time, legal prowess and the vagaries of the Supreme Court, the insidious greed of the heart finds new modes of concentrating money and power.

In summation, the book is an excellent scholarly written overview on the rise of the banking system of this country. Numismatic researchers of both coin and financial paper too will find it highly rewarding. It is highly recommended.

18 of 21 people found the following review helpful:

5.0 out of 5 stars The Comong Battle, March 10, 1998

By A Customer

"The world is governed by far different personages than what is imagined by those not behind the scenes"--Benjamin Disraeli "Those unaware are unaware of being unaware"--Merrill Jenkins, Monetary Realist. For nearlyone-half century, the news industry strove to keep us fearful of a being enslaved by a country that we were feeding and financing and this was absurd! President James A. Garfield (1831-1881) stated:"Whoever controls the volume of money in any country is absolute master of all commerce and industry"( including the news industry) He was shot. It is apparent that the total effort of those in power is to control the volume of money by all means fair and foul so that they will remain our absolute masters. This message concerns the controlling of the volume of money. There were people who hated the U.S. Constitution as it was being written and there has always been such people since it was ratified over 200 years ago. Congress was granted the power to provide penalties for counterfeiting. Naturally, counterfeiters don't want either interference or penalties. Nevertheless, in the Mint Act of April 2, 1792, Congress provided a penalty of death for officers of the mint who might participate in debasing our gold and silver coinage. This harsh penalty was deemed necessary because those wise men knew that unrestrained counterfeiters could overthrow the republic. Where are we now? FEDERAL RESERVE BANK OF RICHMOND, KEYNES ON INFLATION, PG.6 KEYNES IS QUOTED FROM HIS BOOK, ECONOMIC CONSEQUENCES OF PEACE. " LENIN IS SAID TO HAVE DECLARED THAT THE BEST WAY TO DESTROY THE CAPITALIST SYSTEM WAS TO DEBAUCH THE CURRENCY. BY A CONTINUING PROCESS OF INFLATION, GOVERNMENTS CAN CONFISCATE SECRETLY AND UNOBSERVED, AN IMPORTANT PART OF THE WEALTH OF THEIR CITIZENS. BY THIS METHOD THEY NOT ONLY CONFISCATE, BUT THEY CONFISCATE ARBITRARILY. AND WHILE THE PROCESS IMPOVERISHES MANY, IT ACTUALLY ENRICHES SOME. LENIN WAS CERTAINLY RIGHT. THERE IS NO SUBTLER, NO SURER MEANS OF OVERTURNING THE EXISTING BASIS IF SOCIETY THAN TO DEBAUCH THE CURRENCY. THE PROCESS ENGAGES ALL THE HIDDEN FORCES OF ECONOMIC LAW ON THE SIDE OF DESTRUCTION, AND DOES IT IN A MANER IN WHICH NOT ONE MAN IN A MILLION IS ABLE TO DIAGNOSE." FEDERAL RESERVE BANK OF RICHMOND, KEYNES ON INFLATION, PG.10 KEYNES IS QUOTED FROM HIS BOOK, TRACT "Keynes argues that inflation is a method of taxation, which the government uses to secure the command over real resources. Resources just as real as those obtained by ordinary taxation. What is raised by printing notes is just as much taken from the public as is a beer duty or an income tax. A government can live by this means when it can live by no other. It is a form of taxation which the public finds hardest to evade and even the weakest government can enforce when it can enforce nothing else."

10 of 18 people found the following review helpful:

5.0 out of 5 stars If its not law that we pay taxes then why are we?, March 19, 1999

By A Customer

This book explains the SCAM! The federal tax code book says that income taxes are collected as a voluntary contribution, then why are we "forced" to pay, this book is the door way to freedom!!!