LINK TO PROTOCOL
1. To what I reported to you at the last meeting I shall now add a
detailed explanation of internal loans. Of foreign loans I shall say
nothing more, because they have fed us with the national moneys of the
GOYIM, but for our State there will be no foreigners, that is, nothing
2. We have taken advantage of the venality of administrators and
slackness of rulers to get our moneys twice, thrice and more times
over, by lending to the GOY governments moneys which were not at all
needed by the States. Could anyone do the like in regard to us? ....
Therefore, I shall only deal with the details of internal loans.
3. States announce that such a loan is to be concluded and open
subscriptions for their own bills of exchange, that is, for their
interest-bearing paper. That they may be within the reach of all the
price is determined at from a hundred to a thousand; and a discount is
made for the earliest subscribers. Next day by artificial means the
price of them goes up, the alleged reason being that everyone is
rushing to buy them. In a few days the treasury safes are, as they
say, overflowing and there's more money than they can do with (why
then take it?) The subscription, it is alleged, covers many times
over the issue total of the loan; in this lies the whole stage effect
- look you, they say, what confidence is shown in the government's
bills of exchange.
4. But when the comedy is played out there emerges the fact that a
debit and an exceedingly burdensome debit has been created. For the
payment of interest it becomes necessary to have recourse to new
loans, which do not swallow up but only add to the capital debt. And
when this credit is exhausted it becomes necessary by new taxes to
cover, not the loan, BUT ONLY THE INTEREST ON IT. These taxes are a
debit employed to cover a debit .... (Hence THE CRY TO BALANCE THE
5. Later comes the time for conversions, but they diminish the
payment of interest without covering the debt, and besides they cannot
be made without the consent of the lenders; on announcing a conversion
a proposal is made to return the money to those who are not willing to
convert their paper. If everybody expressed his unwillingness and
demanded his money back, the government would be hoist on their own
petard and would be found insolvent and unable to pay the proposed
sums. By good luck the subjects of the GOY governments, knowing
nothing about financial affairs, have always preferred losses on
exchange and diminution of interest to the risk of new investments of
their moneys, and have thereby many a time enabled these governments
to throw off their shoulders a debit of several millions.
6. Nowadays, with external loans, these tricks cannot be played by
the GOYIM for they know that we shall demand all our moneys back.
7. In this way in acknowledged bankruptcy will best prove to the
various countries the absence of any means between the interests of
the peoples and of those who rule them.
8. I beg you to concentrate your particular attention upon this
point and upon the following: nowadays all internal loans are
consolidated by so-called flying loans, that is, such as have terms of
payment more or less near. These debts consist of moneys paid into the
savings banks and reserve funds. If left for long at the disposition
of a government these funds evaporate in the payment of interest on
foreign loans, and are placed by the deposit of equivalent amount of
9. And these last it is which patch up all the leaks in the State
treasuries of the GOYIM.
10. When we ascend the throne of the world all these financial and
similar shifts, as being not in accord with our interests, will be
swept away so as not to leave a trace, as also will be destroyed all
money markets, since we shall not allow the prestige of our power to
be shaken by fluctuations of prices set upon our values, which we
shall announce by law at the price which represents their full worth
without any possibility of lowering or raising. (Raising gives the
pretext for lowering, which indeed was where we made a beginning in
relation to the values of the GOYIM).
11. We shall replace the money markets by grandiose government
credit institutions, the object of which will be to fix the price of
industrial values in accordance with government views. These
institutions will be in a position to fling upon the market five
hundred millions of industrial paper in one day, or to buy up for the
same amount. In this way all industrial undertakings will come into
dependence upon us. You may imagine for yourselves what immense power
we shall thereby secure for ourselves ....
1 In all that has so far been reported by me to you, I have
endeavored to depict with care the secret of what is coming, of what
is past, and of what is going on now, rushing into the flood of the
great events coming already in the near future, the secret of our
relations to the GOYIM and of financial operations. On this subject
there remains still a little for me to add.
2. IN OUR HANDS IS THE GREATEST POWER OF OUR DAY - GOLD: IN TWO
DAYS WE CAN PROCURE FROM OUR STOREHOUSES ANY QUANTITY WE MAY PLEASE.
3. Surely there is no need to seek further proof that our rule is
predestined by God? Surely we shall not fail with such wealth to prove
that all that evil which for so many centuries we have had to commit
has served at the end of ends the cause of true well-being - the
bringing of everything into order? Though it be even by the exercise
of some violence, yet all the same it will be established. (The
motto of the Freemasons - "Out of Chaos, Order"). We shall
contrive to prove that we are benefactors who have restored to the
rent and mangled earth the true good and also freedom of the person,
and therewith we shall enable it to be enjoyed in peace and quiet,
with proper dignity of relations, on the condition, of course, of
strict observance of the laws established by us. We shall make plain
therewith that freedom does not consist in dissipation and in the
right of unbridled license any more than the dignity and force of a
man do not consist in the right of everyone to promulgate destructive
principles in the nature of freedom of conscience, equality and the
like, that freedom of the person in no wise consists in the right to
agitate oneself and others by abominable speeches before disorderly
mobs, and that true freedom consists in the inviolability of the
person who honorably and strictly observes all the laws of life in
common, that human dignity is wrapped up in consciousness of the
rights and also of the absence of rights of each, and not wholly and
solely in fantastic imaginings about the subject of one's EGO.
4. One authority will be glorious because it will be all-powerful,
will rule and guide, and not muddle along after leaders and orators
shrieking themselves hoarse with senseless words which they call great
principles and which are nothing else, to speak honestly, but utopian
.... Our authority will be the crown of order, and in that is included
the whole happiness of man. The aureole of this authority will inspire
a mystical bowing of the knee before it and a reverent fear before it
of all the peoples. True force makes no terms with any right, not even
with that of God: none dare come near to it so as to take so much as a
span from it away.
1. That the peoples may become accustomed to obedience it is
necessary to inculcate lessons of humility and therefore to reduce the
production of articles of luxury. By this we shall improve morals
which have been debased by emulation in the sphere of luxury. We shall
re-establish small master production which will mean laying a mine
under the private capital of manufactures. This is indispensable also
for the reason that manufacturers on the grand scale often move,
though not always consciously, the thoughts of the masses in
directions against the government. A people of small masters knows
nothing of unemployment and this binds him closely with existing
order, and consequently with the firmness of authority. For us its
part will have been played out the moment authority is transferred
into our hands. Drunkenness also will be prohibited by law and
punishable as a crime against the humanness of man who is turned into
a brute under the influence of alcohol.
2. Subjects, I repeat once more, give blind obedience only to the
strong hand which is absolutely independent of them, for in it they
feel the sword of defense and support against social scourges ....
What do they want with an angelic spirit in a king? What they have to
see in him is the personification of force and power.
3. The supreme lord who will replace all now existing rulers,
dragging in their existence among societies demoralized by us,
societies that have denied even the authority of God, from whose midst
breeds out on all sides the fire of anarchy, must first of all proceed
to quench this all-devouring flame. Therefore he will be obliged to
kill off those existing societies, though he should drench them with
his own blood, that he may resurrect them again in the form of
regularly organized troops fighting consciously with every kind of
infection that may cover the body of the State with sores.
4. This Chosen One of God is chosen from above to demolish the
senseless forces moved by instinct and not reason, by brutishness and
not humanness. These forces now triumph in manifestations of robbery
and every kind of violence under the mask of principles of freedom and
rights. They have overthrown all forms of social order to erect on the
ruins the throne of the King of the Jews; but their part will be
played out the moment he enters into his kingdom. Then it will be
necessary to sweep them away from his path, on which must be left no
knot, no splinter.
5. Then will it be possible for us to say to the peoples of the
world: "Give thanks to God and bow the knee before him who bears on
his front the seal of the predestination of man, to which God himself
has led his star that none other but Him might free us from all the
before-mentioned forces and evils".
1. I pass now to the method of confirming the dynastic roots of
King David to the last strata of the earth.
2. This confirmation will first and foremost be included in that
which to this day has rested the force of conservatism by our learned
elders of the conduct of the affairs of the world, in the directing of
the education of thought of all humanity.
3. Certain members of the seed of David will prepare the kings and
their heirs, selecting not by right of heritage but by eminent
capacities, inducting them into the most secret mysteries of the
political, into schemes of government, but providing always that none
may come to knowledge of the secrets. The object of this mode of
action is that all may know that government cannot be entrusted to
those who have not been inducted into the secret places of its art
4. To these persons only will be taught the practical application
of the aforenamed plans by comparison of the experiences of many
centuries, all the observations on the politico-economic moves and
social sciences - in a word, all the spirit of laws which have been
unshakably established by nature herself for the regulation of the
relations of humanity.
5. Direct heirs will often be set aside from ascending the throne
if in their time of training they exhibit frivolity, softness and
other qualities that are the ruin of authority, which render them
incapable of governing and in themselves dangerous for kingly office.
6. Only those who are unconditionally capable for firm, even if it
be to cruelty, direct rule will receive the reins of rule from our
7. In case of falling sick with weakness of will or other form of
incapacity. kings must by law hand over the reins of rule to new and
8. The king's plan of action for the current moment, and all the
more so for the future, will be unknown, even to those who are called
his closest counselors.
KING OF THE JEWS
9. Only the king and the three who stood sponsor for him will know
what is coming.
10. In the person of the king who with unbending will is master of
himself and of humanity all will discern as it were fate with its
mysterious ways. None will know what the king wishes to attain by his
dispositions, and therefore none will dare to stand across an unknown
11. It is understood that the brain reservoir of the king must
correspond in capacity to the plan of government it has to contain. It
is for this reason that he will ascend the throne not otherwise than
after examination of his mind by the aforesaid learned elders.
12. That the people may know and love their king, it is
indispensable for him to converse in the market-places with his
people. This ensures the necessary clinching of the two forces which
are now divided one from another by us by the terror.
13. This terror was indispensable for us till the time comes for
both these forces separately to fall under our influence.
14. The king of the Jews must not be at the mercy of his passions,
and especially of sensuality: on no side of his character must he give
brute instincts power over his mind. Sensuality worse than all else
disorganizes the capacities of the mind and clearness of views,
distracting the thoughts to the worst and most brutal side of human
15. The prop of humanity in the person of the supreme lord of all
the world of the holy seed of David must sacrifice to his people all
16. Our supreme lord must be of an exemplary irreproachability.
Signed by the representative of
Zion, of the 33rd Degree