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A Greenbacker Invents a Nut-Case History of Libertarianism

Gary North
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Feb. 20, 2012

I have been asked by several of my subscribers to respond to this article: Proof Libertarianism is an Illuminati Ploy. It appears here:

Let me say, before I begin, that the author of this article is the only person I have come across who could profitably study with Ellen Brown.

There is a subhead: William S. Volker (1859-1947) was a wealthy German-Jewish businessman.

There is a biography of William Volker, Mr. Anonymous (1951). On Page 16, we read:

After supper they gathered around Dorothea to pray and to listen to her read passages from the Bible. The Scriptures finished, she laid the Bible aside and explained the practical application of each admonition. Dorothea also passed along to her children the plain homilies she had learned from her parents. She spoke with serious purposefulness; her steady voice revealed her deep conviction. William joined his mother's circle of instruction before he could comprehend all her teachings. And each Sunday the whole family attended the Lutheran Church services in Esperke where the family prayers were supplemented with more formal worship.

From here, the article goes downhill.

At the end of the article, we learn:

Anthony Migchels is an Interest-Free Currency activist and founder of the Gelre, the first Regional Currency in the Netherlands. You can read all of his articles on his blog Real Currencies

In short, he is a Greenbacker. He believes in the same fiat money utopia that Ellen Brown promotes. But, when compared to Mr. Migchels, lawyer Brown is a Pulitzer-Prize candidate in history.

Far from defending freedom, the Illuminati created Libertarianism to reflect their Social Darwinian and racial supremacist ideology. With its opposite twin, Communism, they control the dialectic. The efficacy of this tactic is demonstrated by their duping the "Truth Movement."

I am not sure how he got from William Volker to the Illuminati. But, in the wacky world of Greenbackism, anything is possible. "Connecting the dots" produces some truly dotty connections. This article is among the dottiest.

"You say that Marxism is the very antithesis of capitalism, which is equally sacred to us [Illuminati Jewish bankers.] It is precisely for this reason that they are direct opposites to one another, that they put into our hands the two poles of this planet and allow us to be its axis. These two contraries, like Bolshevism and ourselves, find their identity in the International." -- Otto Kahn, Investment Banker

I hope Mr. Kahn was better at investing than he was in social theory.

Actually, there is no record that Mr. Kahn ever said this. He was a highly successful banker and a literate author. We have here another example of an invented quotation. It is a way of life for Greenbackers.

William S. Volker (1859-1947) was a wealthy German-Jewish businessman. Dismayed by the rise of socialism in America, he created the Volker Fund to support a reactionary ideology based on "laissez-faire" and Social Darwinism. This was to become Libertarianism.

Volker created the Volker Fund in 1932 to finance hospitals and charities. Only late in his career did he use the Fund's money for ideological purposes: local civic government education. He lived in Missouri, and he was a long-time critic of boss Tom Pendergast and Pendergast's hand-picked local politician, Harry Truman. This did not make him a member of the Immuninati.

Libertarianism and its twin sister Austrian Economics were invented by the Money Power to be the opposite of Communism in a dialectic.

Well, all I can say is that the Money Power sure has short-changed me for 50 years. Here I am, a certified running dog of the capitalist class, and I have had to bankroll myself since 1967.

Anyway, the author believes in Marx's dialectic. This indicates a certain lack of perception on his part. The Marxian dialectic had some tough times back in 1991. You may have read about this. The Communist Party did the unforgivable. It committed suicide. It handed over the infrastructure to the party's insiders and cashed out. Marx called this the "cash nexus." Boy, was he right!

So, the Money Power invented Austrian economics (developed by Karl Menger in 1871) and libetarianism (a term coined by Leonard E. Read around 1946) in order to fight Communism (created in 1848 by an unemployed Ph.D. and his capitalist donor). The Money Power in 1871 was really smart. It spotted a couple of Gentiles to do the deed. Menger's disciple, Eugen von Bohm-Bawerk, another Gentile, did not write his first critique of Marx until 1884, a year after Marx died. He buried this critique in a long, detailed book, History and Critique of Interest Theories, which almost no has ever one read. Why didn't they come to him and say this? "Look, Eugen, publish your Marx critique as a pamphlet. You have just got to come up with a better title. This might work: Marx Was a Commie. That will sell a lot better." How they could have foreseen that Menger would launch the Austrian School remains a mystery to every other historian of Communism and libertarianism. I say this as the author of a 1968 book on Marx.

According to this amazing report, (from which all non-specified quotes here are taken,) "Volker was no great scholar or thinker. The ideology he set out to create was built upside down, starting only with a set of foggy conclusions for which he had a predisposition. From these conclusions, it was the task of Volker's considerable fortune to find a set of justifications, then an enabling ideology or "theory" that gave it all perspective and unity and, eventually, a true philosophical platform from which to launch the whole."

Whoever wrote that amazing report has some serious problems with grammar. ". . . it was the task of Volker's considerable fortune to find a set of justifications. . . " I can visualize it. There was that considerable fortune, sitting at its desk, planning a series of justifications. Then the fortune called in Volker and said, "Look, Bill, you have got to spend me more effectively. Now here's my plan. . . ."

The anonymous author speculates that Volker was a secret fascist. He offers no evidence. You may recall how well the Jewish Money Power did in Germany, 1933-45. But I digress.

Even though Volker was not an economist or philosopher he had money and, very important, influential relations with the University of Chicago, founded by John D. Rockefeller.

This turned out to be a crucial connection.

Exactly what a man who sold lampshades and window blinds wholesale in the Midwest had to do with the University of Chicago is not clear. There is no reference to the University of Chicago in Mr. Anonymous. In Chapter XXIV, we do learn that Volker wanted to fund civil education in local government, beginning in 1940. This was eight years after the William Volker Fund began.

Volker's nephew Harold Luhnow took over the Fund in 1944.

This is the first accurate statement in the article.

Friedrich Hayek's 'The Road to Serfdom' was published the same year. With its defense of 'laissez-faire' capitalism and claim that any attempt at regulation would inevitably lead to totalitarianism, it was exactly what the Volker Fund wanted. It arranged for a reprint of Hayek's book with the University of Chicago and made sure the book ended up in every library in the United States.

First, there is no evidence offered for this. Second, if true, it is not clear how Luhnow arranged this. It sounds like a very good idea. Frankly, having worked for Luhnow in the summer of 1963, I am amazed that he figured out this strategy. He may have lost some of his edge.

The Volker Fund would finance all the leading Austrian Economists and would have a substantial impact on the 'Chicago School of Economics', including Milton Friedman.

This is true. I even had a summer job there in 1963. It was the best salaried job I ever had. They paid me to read.

Ludwig Von Mises, who never held a paid job at any University, was maintained first by David Rockefeller and then for decades received money from the Volker Fund and related business men, like Lawrence Fertig.

There is no evidence that David Rockefeller ever gave Mises a dime. Fertig did. He was a free market-promoting businessman, the author of a book on the market, Prosperity Through Freedom (1961).

Von Mises' biographer, Richard M. Ebeling:

"Many readers may be surprised to learn the extent to which the Graduate Institute and then Mises himself in the years immediately after he came to United States were kept afloat financially through generous grants from the Rockefeller Foundation. In fact, for the first years of Mises's life in the United States, before his appointment as a visiting professor in the Graduate School of Business Administration at New York University (NYU) in 1945, he was almost totally dependent on annual research grants from the Rockefeller Foundation."

This is true. It has been known to anyone who read Mises' book, Omnipotent Government: The Rise of the Total State and Total War (1944). In the "Acknowledgment," he thanked the Rockefeller Foundation and the National Bureau of Economic Research (NBER). Note: his theory of economic epistemology was totally at odds with the NBER. But the NBER liked this project.

David Rockefeller said: "Finally, in his most surprising statement, he revealed he considers himself a follower of the Austrian school of economics. Friedrich Hayek had been his tutor at the London School of Economics in the 1930s."

There is no trace of any of Hayek's ideas in anything David Rockefeller has said or done. Hayek clearly wasted his time on David Rockefeller.

Murray Rothbard too was financed by the Volker Fund:

"Rothbard began his consulting work for the Volker Fund in 1951. This relationship lasted until 1962, when the VF was dissolved. A major part of Rothbard's work for the VF consisted of reading and evaluating books, journal articles, and other materials. On the basis of written reports by Rothbard and another reader - Rose Wilder Lane - the VF's directors would decide whether to undertake massive distribution of particular works to public libraries.

Rothbard later called his work with the Volker Fund, "the best job I've ever had in my life."

Rothbard and I agreed. It was the best job we had in our lives. I got $500 a month in 1963 -- a princely sum in 1963 for a 21-year-old kid in his first real job. Rothbard got free books and $6,000 a year.

The Volker Fund did close in 1962. It was re-named as the Center fort American Studies late in the year. Luhnow fired F. A. "Baldy" Harper and replaced the staff. My father-in-law, R. J. Rushdoony, became its main scholar. He was fired a year later. He received a research stipend as a severance pay for bout two years. Luhnow closed it a few years later.

The Volker Fund also explored a tactic that was to find wider application later: it spawned an enormous number of organizations, loosely organized to suggest mutual independence and a 'Libertarian Movement'. Among these was the Foundation for Economic Education, which in turn would create the Mont Pelerin Society.

Wider application by whom? Where? When?

Enormous number? Maybe a dozen groups -- all small, all without influence until long after the Fund was gone. It gave out very little money. It published nothing until the early 1960s, when it funded two dozen books. That led to the firing of Harper.

And then there is this question: What has all this to do with the Illuminati?

You forgot about the Illuminati, didn't you?

The Volker Fund was disbanded in 1962. It still had $7 million in assets, which it donated to the Hoover society.

The money went to the Hoover Institution. So did all the Fund's records. But the records are now missing. Mr. Anonymous would be pleased.


But in the meantime another very wealthy Jewish family, the Koch family (see 'the Zionist Billionaires that Control Politics'), had taken over the organization of Libertarianism and Austrian Economics.

The Kochs are not Jewish. One of them is an Episcopalian.

Fred Koch founded the John Birch Society in 1958. Ed Griffin was educated there. He later wrote a famous book, "The Creature of Jekyll Island". This was a rehash of Eustace Mullins' brilliant 'Secrets of the Federal Reserve', with one exception: it left out all Mullins' analysis of the Gold Standard as a Banker operation and how Britain's demand for taxes paid in Gold were the cause of the war of Independence. Instead it called for the reinstatement of a Gold Standard. This is a key part of the story OF how Austrian Economics managed to take over the 'Truth Movement'.

Eustace Mullins' book has no trace of free market economic theory in it. He was a Greenbacker. The book is anything but scholarly. It has no detailed footnotes. Griffin's is a well-researched book based on Austrian economics. To suggest that he borrowed anything from the fat pamphlet of Mullins is an insult to Griffin's intelligence.

Koch's son Charles Koch founded the CATO Institute, together with Murray Rothbard. The CATO Institute remains to this day a leading Libertarian outlet.

What has this to do with the Illuminati?


Most Leading Libertarians are or were Jewish. Von Mises, Rothbard, Ayn Rand, Irwin (and Peter) Schiff. According to Peter Schiff, his grandfather Jacob Schiff is not the same as the infamous financier.

Most leading economists are Jewish, i.e., circumcised atheists. There is nothing uniquely Jewish about libertarianism. I say this as a Calvinist who has spent 39 years writing an economic commentary on the Bible. It should be finished this year: 31 volume and 4 book-length appendixes. The series rests heavily on Austrian School reasoning, though not in the area of epistemology.

Rothbard himself had interesting views about race and inequality in the free market: "Rothbard was proud to be a 'racialist' because racialism exposed the true source of inequality in a free market, namely genetics. A belief in biological racial inequality was, for Rothbard, part of the libertarian project, because racial inequality was simply how markets reflected nature. Moreover, this was no sudden conversion: Rothbard promoted the same view, as early as 1973, here."

I clicked to the article. It has a total of one sentence on Jews. "Or, we can ponder Professor Due writing similarly on behalf of the 'opinion of society today' in the Germany of the 1930s with regard to the social treatment of Jews." That's all? That's all.

So Jewish Supremacism can be retraced directly to the Austrian Economics' main proponent himself.

But what has this got to do with the Illuminati?

Or the Money Power?

Or the Zionists?

Libertarianism and Austrian Economics are not the products of maverick free thinkers. On the contrary, all leading proponents of the movement were highly connected individuals.

Mises was without a job from 1940 to 1946. New York University never paid him a dime. Rothbard worked for very little salary for most of his academic career at a school that did not have an economics department, Brooklyn Polytechnic. Highly connected?

In the early years the Volker Fund made available vast sums of money, because Austrian Economics was considered the right answer to communism, to maintain the dialectic the Money Power needs (also see: 'Banker explained 'Occupy America' Scam').

The Volker Fund under Luhnow paid a tiny staff middle-class wages. It did help fund Hayek and Mises, because the University of Chicago and NYU did not pay the two any money.

Far from a fringe movement, Mont Pelerin Alumni collected no less than eight Nobel Prizes. Alan Greenspan testified of its pervasive influence by saying in 2000: "the Austrian School have reached far into the future from when most of them practiced and have had a profound and, in my judgment, probably an irreversible effect on how most mainstream economists think in this country."

Austrian theory has about at much impact on mainstream economists as it had on Alan Greenspan, the bubble master.

In this day and age when communism is no longer considered a threat, but with Marxism/Liberalism/Political Correctness a strong force in Western nations, Libertarianism has found a new lease on life as a way of co-opting the resistance in the Alternative Media.

The dialectic continues unabated.

In conclusion, I shall once again quote one of the great social observers of the Ozarks, Mitch Jayne, who played bass fiddle with the bluegrass group, the Dillards (aka the Darlings) in 1963. Of the author of this breakthrough article on the history of libertarianism, we can say: Two of him would not make a half-wit.

As for Henry Makow, whoever he is, who was unwise enough to post this preposterous screed on his Website, he is now publicly revealed as a naive sucker who can be easily taken in by obvious nonsense. His situation is what is euphemistically called a turd in the punchbowl, and his site is the punchbowl. If he leaves the article posted on his site for all to see, he is visibly a fool. If he takes it down, he is a sucker emeritus, one more victim of Greenbacker "scholarship," for my article is permanent. He is in a lose-lose situation.

[To subscribe to my free daily reports, click here: Tea Party Economist.]

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