Book Blurb: L.B. Woolfolk: The Great Red Dragon; Or London Money Power (1890)

[Helphand]

L.B. Woolfolk: The Great Red Dragon; Or London Money Power (1890)

Some passages from this classic which states the immutable economic laws that demonstrate how many of today's business "innovators" entrepreneurs are in fcat not market upstarts at all, but either favored manikins of the economic network or else the nominees of established power; such as "The Great " (and late) J.P. Morgan and in today's times, Warren Buffet (not leaving anything to his kids), Richard Branson, "the Boxer" Joe Lewis (no clear origin of his fortune), and perhaps others such as Alan Sugar, Philip Green....

[pages 62-63:]
The London Money Kings ...
Can Make Good Times or Hard Times
whenever they please; so completely have they gotten our
country in their hands. They hold our prosperity completely
in their grasp. We are become entirely dependent
upon them. When they wish to make good times, they
put out their money freely, in building railroads, in making
city improvements, in establishing new enterprises all
over the country, and in lending money to everybody who
wishes to borrow and has property to mortgage as security.
Then we have flush times for several years; and everybody,
under their leading, rushes into speculation, and
everybody gets into debt.

Then, in Order to Make Hard Times, the Money
Kings have only to lock up the money they make as
profits out of their various enterprises in the country.
They stop building railroads: they stop all outlays for
city improvements: they stop all investments in new
enterprises; and they stop loans to borrowers. They
simply lock up their profits, and let the money lie idle.
And at once business is at a standstill: the improvements
which had given activity to business cease: established
businesses, such as farming, manufacturing, railroading
go on; everything else stops. There is universal stagnation:
prices fall: a flood of bankruptcy sweeps over the
land: thousands are ruined: and the Money Kings revel
in low prices of produce, and cheap purchases of bankrupt
property.

[pages 115-6:]
Principle IV. From the above principles, it follows
that a New Man who starts in business poor, is at a great
disadvantage in competition with Rich Men who are already
established.
...
Principle VI. In Business Crises, men of large capital
who are already established in business, have a great advantage
over New Men Just starting in the business with small
capital.
Principle VII In Business Crises, men of small
capital, who are overtrading, and have to borrow money, are
at such disadvantage that they are usually the first to break.
Principle VIII. It follows from the above principles,
that New Men of small capital can not, as a rule, enter into
competition with Rich Men already established, and drive them
out of business; but in such cases of antagonistic competition,
the New Men of small capital will be the first to fail.

[pages 122-3:]
...there may be occasional exceptions to these business
laws, where a poor man may grow rich in such a manner.
But when a multitude of such cases occur--when, indeed,
it is the rule for Poor Young Men to get rich, and rapidly
supplant their predecessors in trade--so that all business
changes hands--in such cases, it is certain that the poor
men who thus get rich have behind them the backing of a
mighty capital. This is Law. By the operation of the Law
of Cause and Effect, the heaviest Capital carries with it
power to crush smaller operators; as surely as a thunder cloud
carries rain, or the North Wind cold.

[pages 124-5:]
The Important Question is, Whose wealth is it?
Is it theirs? and did they make it out of their own
resources? Or is it the wealth of the London Money
Kings, which they are holding in trust, and managing on
commission?
...
When Eugene Sue needed a Colossal Fortune as the
basis of that strange work of fiction, _The Wandering Jew_,
he constructed a fortune of $42,000,000, as the result of
the accumulation of several generations. But, in our
times, we have the Vanderbilts credited with $200,000,000,
acquired in a little over twenty years. And Armour
If Eugene Sue had stated such a thing as this in his
novel, it would have been scouted as perfectly ridiculous.
...
We believe that Com. Vanderbilt made $100,000,000,
in twelve years!--that Jay Gould made $200,000,000, in
ten years!--that Rockafeller has made $150,000,000, in
fifteen years!--and that Armour made $120,000,000, in
three years!!! Is there anything the American people
will not believe, if the newspapers tell them it is so?!!
Had those men possessed Aladdin's lamp, and diligently
rubbed it all the while from Monday morning to Saturday
night, they could not have made so much money, in the
time!

[page 127:]
This proves that the Rothschilds are the head of a syndicate.
For that House loaned over $500,000,000 to national governments
in the ten years from 1854 to 1864; besides all its other immense
operations in the same time ; and all its previous loans. The
House of Rothschild has loaned several billions of dollars. And
yet the richest of the Rothschilds was worth only $17,000,000.
The House is evidently a syndicate loaning much money not
owned by the Rothschild family.

[page 142:]
Dr. Kellogg says: "The increase of Jewish influence
is further illustrated in the extensive _control of the press_
[italics his] which the Jews have lately acquired. This is
much insisted on, and with good reason greatly lamented,
by many of the most eminent Christian men in Europe.
_The fact is to be observed in every country where the Jews exist
in any number._" [Italics his.]


[page 143:]
It is their policy to keep up a hot agitation for Communism
and Socialism in the great cities; so that the business
men, in their antagonism to those ideas, will keep on
the side of the Money Power. It is a significant fact that
most of the agitators for Socialism are Jews, who are most
probably the agents of the Money Power, to keep up this
agitation for their own purposes.

Thus, most of the Nihilists in Russia are Jews.
Prof. Wassiljew of the Imperial University of St. Petersburg,
in his testimony, given in the London Times, says,
"It is an open secret that the Jews are among the leaders
of the Nihilistic agitation."
...
This shows that the Nihilist movement is largely an
agitation against the Russian Government, started up by
the Money Power through its Jewish agents. The Russian
property class, in their horror of the Nihilists, keep in
sympathy with the Money Power.

[page 146:]
* Some may object that the Jews can not be the great Money
Kings of London, because the great banking houses of Lombard
street are not Jewish, but English banking houses--that the Jews
are not on Lombard street, but on Threadneedle street, and others
in the vicinity.
But this fact is merely a specimen of the habitual craft of the
Jews. They habitually hide their operations behind other parties.
Nothing is more in keeping with their policy than to hide their
operations behind English banking houses.
The fact is known that the Jews are at the head of the
capitalists of England, and of the world.