In 1982 G. Edward Griffin interviewed an ailing Norman Dodd, who among his many qualifications, had served as a banking expert during the Great Depression, and would later be hired to investigate US educational trusts. A man of distinguished education, his testimony unlocks many secrets governing the unseen dealings of certain influential factions within the US market.
Mr. Dodd gave an impressive account of the hidden history involved in the American banking system that proved to be shocking. Once again we are informed by credible sources that things are not as they seem, and history might prove to be quite different had the public not been deceived.
Thanks to the whistle blowers, who inform us and investigative journalists such as Mr. Griffin, we are privileged to get an insight into the true events that influenced history. There are many threats ongoing to the Republic of the United States of America. Thomas Jefferson warned us long ago to remain ever vigilant.
In 1929 contrary to assurances made by the Federal Reserve that the American monetary system would be more stabile, a financial disaster began. As the earth shaking implications of bank failures and investor’s fortunes evaporating thanks to massive stock value collapses, Norman Dodd served as a junior banking officer.
Curiously, Dodd found himself confronted by important figures in his banking organization, who asked him for his opinion about that had just happened. Mr. Dodd, although intimidated by his lack of experience to make such a comment on the situation, finally replied that there was something that his superiors did not know about banking, and that they better find out.
A Deadly Flaw In The System ?
After his candid comment, Dodd was asked to undertake a research expedition to find out just what it was that indeed, his employers did not know about banking. Dodd would have to take a leave of his present duties in order to pursue an investigation that would take 2 ½ years for him to conclude.
At a meeting with his superiors at the New York bank where he worked, he later presented his findings as to just what events had led to the financial chaos of the time. Mr. Dodd time and again had been confronted by the reality of unsound banking practices and the fallacy of fractional banking that used extended credit and debt as a tool to of claiming equity when, in fact, there was no liquidity( cash assets) in the vaults at all.
A Telling Admission
Norman was informed by his superiors at Morgan Bank, the most prominent men in the industry, that the American banking system would never operate on sound principles again. The United States in the aftermath of World War I had been encumbered in institutionalized conflicts of interest that could never be resolved. It took a year for Dodd to wrap his mind around the startling revelations he had been exposed to. It was then that he decided to resign.
Unable To Rationalize A Mystery
Resignation did not seem to be in the cards for Norman Dodd at that moment, as the President of the Bank, Mr. Cochran informed him that the directors of Morgan Bank had been so impressed with Norman Dodd’s report that they could not forget about it. Therefore, Dodd was offered an opportunity to reorganize the banking operation. Norman was anxious to jump at the chance at age 33, he considered it to be a prime prospect.
However, after being assigned to the task for the next 6 weeks, that nothing changed, and every time he enquired further, Dodd was placated and told to go to play tennis and golf on his time off, and look forward to receiving a better salary as a vice president in the near future as well as a generous pension as time wore on.
For a year he sat with his feet on his desk (figuratively speaking), and then decided he could not accept it. Norman Dodd had other ideas. He could not continue to passively occupy his position when he could not agree with the way the country was being run.
Once again he resigned, and this time for good. However, seeking employment in another banking institution proved futile. Norman Dodd found that he had been black listed and could not find another job in the entire country. For the first time since his graduation from Yale University, He found himself out of a job as a result of sticking to his principles.
The Truth May Set You Free But It May Also Complicate Your Life
It seems that sometimes an individual who makes a conscientious effort to remain a patriot to the righteous cause of his country finds adversity instead of acceptance. Norman Dodd would be relegated to finding work among various investment institutions as a consultant and fund manager as time went on. Inevitably his path would cross that of other like minded individuals who disapproved of the unseen changes being forced upon the US.
Once again though, Mr. Dodd would be presented with a chance to exercise his influence in exposing, yet another missing puzzle in the fog of suppressed history.
We will discuss that next time. Has this story been told before? Yes. And it needs to be told again and again until all Americans young and old know the truth!