The Federal Reserve System - Part III

So, in my previous note "The Federal Reserve System - Part II", I spoke of the incident that sparked the thought process that went into the formation of the Federal Reserve System. To quickly recap, this was due to J.P. Morgan falsifying rumors about a competitor and starting the Great Panic of 1907. As Frederick Allen of Life Magazine is quoted, "The Morgan interests took advantage…to precipitate the Panic [of 1907] guiding it shrewdly as it progressed.” It was his response to the fact that smaller banks were beginning to break into the banking industry and take away competition from him, The Rockefellers, The Warburgs, The Rothschields, and Kuhn, Loeb, & Co. They were referred to as "The Money Trust".

So, what happened after The Great Panic? Shortly thereafter, J.P. Morgan, The Rockefellers, and the rest of The Money Trust began doing joint ventures with each other. In other words, they began business ventures as partners and began seeing how beneficial it was to them, because they had a vested interest in keeping the monopoly of the banking industry. While this was taking place, the Senate Majority Whip at the time was Nelson Aldrich. Now Sen. Aldrich cooked up a plan to make sure that the Great Panic of 1907 would never happen again. He decided to set up a meeting with key people to hatch out this new banking plan. The strange thing is, not a single person was notified that he had scheduled this meeting other than the 6 individuals he invited to the meeting. Not a single person in Congress nor the public knew of this meeting. It was because he made it a secret meeting and the 6 individuals he invited were given strict instructions:

1. They were to travel alone and not together to their destination.
2. If they bumped into each other, they were to use first names only.
3. If the press asked them any questions, they were to say they were going duck hunting together.
4. They were not to speak to anyone regarding this meeting under any circumstances.

Now, these six individuals did just that. They arrived at a train station and boarded a box car that was waiting for them to take them south. This was the personal boxcar of Sen. Aldrich. The train took them all the way down to, none other than Georgia and they took a ferry over to Jekyll Island. Over the next several days, they hatched out what would be known as "The Federal Reserve System".

You would ask, who were these men? The first reaction would be that they must be someone who is against the banking industry if they're hatching out a bill to abolish the old Money Trust, right? Well, it turns out the following men were the attendees:

1. Senator Nelson Aldrich – Whip of the Senate & Chairman of the National Monetary Committee. Close business associate of J.P. Morgan. Father-in-law of John D. Rockefeller, Jr. and eventually the grandfather of Nelson Rockefeller, our former Vice President.

2. Abraham Andrew – Assistant Secretary of the Treasury

3. Paul Warburg – He was most important, because he knew the banking dealings in Europe. He was a partner in Kuhn, Loeb, & Company and a Representative of the Rothschild banking dynasty in England and France where he maintained very close working relationships throughout his entire career with his brother, Max Warburg, who was the head of the Warburg banking consortium in Germany and the Netherlands.

4. Frank Vanderlip –He was the President of the National City Bank of New York which was the largest of all of the banks in America representing the financial interests of William Rockefeller and the international investment firm of Kuhn, Loeb & Company.

5. Charles Norton – President of the First National Bank of New York

6. Benjamin Strong – Head of J.P. Morgan’s Bankers Trust Company & would eventually become the first head of the Federal Reserve System.

7. Henry Davison – Senior Partner of J.P. Morgan Co.

You're probably saying, "Liberalhater, you made up the whole thing about the secrecy. Please tell me you're kidding." Well, why don't we see what Frank Vanderlip (one of the attendees and architects of the bill) said about it in the Saturday Evening Post in 1935, "I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System. We were told to leave our last names behind us. We were told further that we should avoid dining together on the night of our departure. We were instructed to come one at a time and as unobtrusively as possible to the railroad terminal on the New Jersey littoral of the Hudson where Senator Aldrich’s private car would be in readiness attached to the rear-end of a train to the south. Once aboard the private car we began to observe the taboo that had been fixed on last names. We addressed one another as Ben, Paul, Nelson and Abe. Davison and I adopted even deeper disguises abandoning our first names. On the theory that we were always right, he became Wilbur and I became Orville after those two aviation pioneers the Wright Brothers. The servants and train crew may have known the identities of one or two of us, but they did not know all and it was the names of all printed together that would’ve made our mysterious journey significant in Washington, in Wall Street, even in London. Discovery we knew simply must not happen. If it were to be exposed publicly that our particular group had got together and written a banking bill, that bill would have no chance, whatever, of passage by Congress.”

These men were the architects that created the Federal Reserve System. You note, above, that Sen. Aldrich was tied to the Morgan's and Rockefeller's. He was using members of The Money Trust to abolish The Money Trust. Why is that?? It's because it was never intended to be abolished at all. It was only to be strengthened while you were decieved into believing it was eliminated. G. Edward Griffin, in "The Creature from Jekyll Island", is quoted as saying, "That was like asking the fox to build the hen house and install the security system.”

Now, I will leave you with a little bit of information about what happened AFTER they wrote this banking bill. Sen. Aldrich took it back to Washington and then campaigned AGAINST THE BILL. Why??? He helped to write it!! Well, it's because everyone at the time knew that he was tied to the banking industry and it made people think that "if a banker is against a banking bill, it must be a good bill so we should pass it". It worked, because on December 22nd, 1913, the bill passed and Woodrow Wilson signed it into law.Woodrow Wilson wrote this after signing the bill into law, "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."
Scared yet????