Stanley Monteith -- The Secret Cabal, Part 17

If you want to oppose the centralization of power that exists today, you must recognize the fact that the major (BOD) corporations control over half of the corporate wealth of our nation. When Senator William Borah addressed the Union League Club in Baltimore, Maryland, on February 12, 1913, he stated:

“If one-quarter of 1 percent of all the corporations in the United States, as they have and do, control one-half of all corporate wealth and fix prices on many of the most essential things in our daily living, then, as to the most vital things in life, the means and standard of living, concentration of economic power is already established, and, if continued, concentration of governmental power to meet the situation will inevitably follow.”[2]

Did one-quarter of 1 percent of the U.S. corporations control half the corporate wealth of the U.S. in 1913? Professor Carroll Quigley researched that subject, and wrote; (in 1966):

“In the United States the number of billion-dollar corporations rose from one in 1909 (United States Steel, controlled by Morgan) to fifteen in 1

via Stanley Monteith — The Secret Cabal, Part 17.

About these ads