Post-Truth economic reform: incisive perspective from NY City Mayor John Hylan

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The financial crisis in America today could be over almost instantaneously through monetary reform. Monetary reform is a fundamental shift in how America creates money. The shift is from a Robber Baron-era design of banks creating credit to lend to us at interest and ever-increasing debt, to our community (government) creating it for the direct payment of public goods and services. The benefits of monetary reform are conservatively $1 TRILLION every year, the end of the national debt, and full employment.

Please review the links above to fully understand this idea.

The power of monetary reform is evident in history. Napoleonic France quickly became the world’s leading economy and Paris its most beautiful city after ten years of violent revolution that killed or drove-off their economic leadership. Nazi Germany overcame tragic-comic hyperinflation to become the model economy during the Great Depression. These nations were in worse economic conditions than America today (economic power needs to be invested in the public good, not for empire).

This top 10 list of Americans who understood monetary reform deserve your attention. Given our economic condition, you literally have nothing more valuable for your attention. Each of the ten gives unique and added perspective for your learning of this multi-trillion dollar topic.

John F. Hylan (1868-1936) was Mayor of New York City from 1918 to 1925. New York has long been the US banking and financial headquarters, with the mayor’s office about a half-mile from the New York Stock Exchange.

Hylan has two revealing communications in strong argument for monetary reform. The first is four paragraphs from a speech he made in Chicago on March 26, 1922 and reported in the New York Times the following day in the article titled, “HYLAN TAKES STAND ON NATIONAL ISSUES" (and here with immaterial other commentary). The next are 12 extensive paragraphs reported by the New York Times on Dec. 10, 1922 in the article titled, “HYLAN ADDS PINCHOT TO PRESIDENCY LIST; FORESEES A REVOLT.”

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March 26, 1922:
"The warning of Theodore Roosevelt has much timeliness today, for the real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state and nation. Like the octopus of real life, it operates under cover of a self-created screen. It seizes in its long and powerful tentacles our executive officers, our legislative bodies, our schools, our courts, our newspapers, and EVERY agency created for the public protection. It squirms in the jaws of darkness and thus is the better able to clutch the reins of government, secure enactment of the legislation favorable to corrupt business, violate the law with impunity, smother the press and reach into the courts.

To depart from mere generalizations, let me say that AT THE HEAD of this octopus are the Rockefeller-Standard Oil interests and a small group of powerful banking houses generally referred to as the INTERNATIONAL bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes.

They practically control BOTH parties, write political platforms, make cats paws of party leaders, use the leading men of private organizations, and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business. They connive at CENTRALIZATION of government on the theory that a small group of hand-picked, privately controlled individuals in power can be more easily handled than a larger group among whom there will most likely be men sincerely interested in public welfare.

These international bankers and Rockefeller-Standard Oil interests control the majority of newspapers and magazines in this country. They use the columns of these papers to club into submission or drive out of office public officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government. It operates under cover of a self-created screen [and] seizes our executive officers, legislative bodies, schools, courts, newspapers and every agency created for the public protection.”

Dec. 10, 1922:
"What each party wants is a man whose sympathies are with the people and not with gold, a candidate with a proven progressive record. If the international bankers and the food profiteers control both parties, there undoubtedly will be a third party, but it strikes me that they won’t be able to.

One of the most astounding facts about our American life is that the wealth and property of the country and the control of the machinery of government are in the hands of less than 2 per cent of the inhabitants. That is to say, a small group of excessively wealthy individuals, members of the Republican and Democratic Parties alike, have, through the exercise of powerful, sinister and, too often, unlawful influence, usurped the government and seized public property on such a wholesale scale that they have become the virtual dictators of the destinies of more than 110,000,000 people (the US population at the time). That is a situation which, to my mind, constitutes the greatest menace to the safety of our republic.

A small group of international bankers and money lenders, public utility exploiters and tariff beneficiaries have actually dictated nominations for offices up to the Presidency. They have placed the slickest, cleverest, and most cunning manipulators in official positions, even in the minor posts, where they could be of service when called upon by the invisible power which, utterly devoid of all humanity, seeks but to wallow in riches.

This invisible power, whose black and menacing form hovers over every fireside in the land, stealthily and secretly reaches out and seizes in its filthy paws our vaunted institutions of free government with the same ruthlessness and relentlessness as the grim specter of death pursues its numberless victims.

So absolute is the power of America’s secret dynastic rulers that they have, without hindrance, written the very platforms and pledges of political parties, and because of substantial contributions to campaign chests they have arrogated to themselves the right to dictate the governmental policies of the administration elected to office regardless of party.

Woe to the public officials who dare to resent their dictatorship! If there be such public officials who will not submit to their imperious dictation, then the flood-gates of lying press propaganda are released, sweeping the unhappy public servant to an earthly as well as political grave, or compelling him to compromise with his conscience and become their subservient tool to the end of his term.

I say to you in all candor that either alternative might have been my lot, and that I might not now be Mayor of the City of New York if one of the greatest, most useful of citizens and, through his publications, the most powerful individual in the United States, William Randolph Hearst, had not enabled me, through the columns of his newspapers in greater New York to present my side of the city administration’s case to the people and thus offset the deluge of mendacious misstatements in the opposition press.

It has also become increasingly obvious that these wealth lords are able, in many instances, to place their own hand-picked Judges upon the Bench, thus insuring decisions in favor of organized corporate greed at the price of human life; while the instances of promotion of such Judges in recent years has been an open secret to us all. This is said with all due respect to the courts and with a genuine appreciation of the exemplary conduct and superior attainments of our judiciary as a body.

…The wealth lords of America are already busily engaged in attempts to insure their control of the nominees of the Republican and Democratic Parties in 1924. They will endeavor at that time to place in nomination at both conventions candidates whom they can control. If this can be accomplished, the election will be of small interest to them, for the people will have to elect one or the other of their candidates.

It would seem the part of wisdom for the people in every State in the Union to watch carefully the maneuvers of corrupt big business and to organize themselves thoroughly to ensure the nomination of men in both the major parties of fighting personalities and progressive tendencies. Both the Republican and Democratic Parties must adopt progressive platforms attuned to the needs of the times and select men who will carry out such platforms if they expect to receive the support of the people generally. Only in this way may we ever hope to be liberated from the economic serfdom and human slavery to which we have been so long subjugated.

I cannot escape the feeling that the most recent movement inspired by the worst kind of bigotry is another attempt engineered by the ruling minority or money lenders of America to create dissension among the different creeds and races of our people, thus diverting attention from their own sinister machinations.

The regrettable feature of this unwholesome situation is that there are some among us who are unwittingly mislead into fellowship with such pernicious organizations. Even a few clergymen who are supposed to extol before the world the virtues of charity and forgiveness and to stand out as living exemplars of these humane doctrines have been found susceptible to the clink of dirty gold which such membership places upon their palms.”

An early color film of New York City (stated as 1930, but perhaps later):