100 years ago, some journalists witnessed certain event, but, unable to imagine its implications, they couldn't even think in reporting it.
On the night of November 22, 1910, at the Hoboken train station in New Jersey, a group of political and financial personalities boarded a train with costumes that gave them the innocent appearance of a hunting party.
The car occupied by the conspicuous troupe was sealed and the windows veiled. To enhance the mystery, its members had been instructed to not address each other by their surnames. The destination of the convoy was so secret that some passengers ignored it.
The train took the “hunting party" a thousand miles south, to the coast of Georgia from where it was transported undercover to an island with the significant name of Jekyll. Here, the "hunters" were accommodated in the exclusive country club, where they were confined for more than a week without any communication with the outside.
Leading the group was Senator Nelson Aldrich of Rhode Island. Among his companions, there were prominent figures from the Treasury Department, the National City Bank and First National Bank of New York, the J. P. Morgan Company, and a Kuhn, Loeb & Co. associate. [1]
In summary, in Jekyll Island met senior representatives of the U.S. government, from JP Morgan, from Rockefellers and from the Rothschilds in complete secrecy.
But why such important figures of politics and finance acted in such a way?
First, the object of "hunting party" was to give culmination to the creation of a central bank of America, dispute that had been developing throughout U.S. history.
In the previous article* we saw how, on several occasions, the international banking, leaded by the house of Rothschild, had tried to implement its power over the economy and the U.S. government through successive central banks.
Several founding fathers and political figures repeatedly opposed the creation of an American central bank because of its dangers of corruption, speculation and foreign domination. So, they managed to bury the project in 1836, when the charter of the Second Bank of America was repealed.*
The conspirators of Jekyll Island were preparing to evoke the specter of the U.S. central bank behind the back of voters, political parties and U.S. government institutions.
The purpose of the conspicuous "hunting party" was drafting the bill for the creation of the ultimate and definitive U.S. private central bank, which would emerge under the misleading name of the U.S. Federal Reserve.
Second, the conspirators of Jekyll Island were violating the U.S. Constitution and laws.
Senator Aldrich, according to the U.S. legislative process, must submit the bill to the Congress Legislative Service Bureau in order to draft it properly. [2]
However, he worked secretly with representatives of international private banking, which drafted the bill according to their interests instead of those of the American electorate.
By the way, there is a consensus among historians to consider the panic of 1907 as the main justification for the creation of the Federal Reserve seven years later.
It is known that the great financial powers have always taken advantage from economic crisis and from banking and stockmarket panics.
Tycoons like John D. Rockefeller and JP Morgan have used -if not caused, or, at least, helped- financial crises and panics to expand their empires.
The crisis of 1883 was partly caused and was greatly exploited by the Rockefellers to literally monopolize the oil industry.***
The crisis of 1893 was used by J.P. Morgan to expand its almost complete monopoly on the metallurgical, railway, electricity and telephone industries, among others. But above all, the crisis served to establish his dominion over U.S. banking. ***
Such was the power achieved by J.P. Morgan, that President Cleveland had to ask for his help to fill the exhausted coffers the U.S. government. To this end, between 1893 and 1896, backed by the power of the Rothschild, Morgan made flow million dollars in gold and then supported the issuance of millions in government bonds, acting in effect as the nation's central bank. [3]
The crisis of 1907 was caused by the precipitous drop in the stock market due to the unbridled speculation in real estate after the earthquake in San Francisco and the attempt to "corner the market"***** of the United Cooper Company. This caused many investors rushed to banks to take out their money and put it safe.
Amid the climate of market turmoil, J.P. Morgan precipitated the panic by spreading rumors about the insolvency of the Knickerbocker Trust Company, one of the largest U.S. banks. This mistrust extended to the rest of the banking system. [4]
However, such was the ascendancy achieved by Morgan on the U.S. economy that both the remaining private banks as the Secretary of the Treasury accepted without question their opinion of not supporting Knickerbocker and waited for his decisions to take actions in order to control the panic. [5]
Indeed, the financial collapse of 1907 was the reason of bringing back to the national table the question of the need for a central bank to support the lack of liquidity of banks in times of panic, etc.
The large banking interests used the press and certain politicians to harp on the issue. [6]
Because of the manipulation of public opinion, many of the former opponents to the creation of a central bank in North America fell into the trap of believing that this would be a defense against new financial panics and against the possibility that the strongest banks, like Morgan’s and the international bankers, obtain too much influence over the national economy.
In 1908, Congress passed the Aldrich-Vreeland Act, which created the National Monetary Commission to investigate the causes of the crisis of 1907 and find ways to avoid such situations. [7]
The promoter of this law was nothing less than the very Senator Nelson W. Aldrich of Rhode Island.
Aldrich was the Republican Senate leader and one of the most influential politicians in the U.S., becoming known by the nickname "general manager of the United States."
Aldrich himself was appointed as head of the National Monetary Commission, which was like putting the wolf in sheep grazing.
Aldrich not only was considered the "true voice" of JP Morgan, but he also was the father in law of John D. Junior Rockefeller, who, at the time, had been appointed by his father to succeed him at the head of the clan and Rockefellers' businesses. ***
As head of the National Monetary Commission, Aldrich got the carte blanche to deal directly with national and global banking elite (something forbidden for a member of the U.S. Senate) and travel to various countries to "study" the functioning of the national central banks Europe.
In 1909, in preparation of the master plan for the creation of the Federal Reserve, Aldrich introduced a constitutional amendment for the creation of income tax, which would further the payment of interest of the government debt with the planned central bank.
After two years of underground work, given the traditional refusal of Americans to the creation of a central bank, Aldrich was able to create the conditions for holding the secret meeting at the country club on Jekyll Island in November, 1910. [8]
With the Federal Reserve bill in hand as a political project, Aldrich, as chairman of the National Monetary Commission, visited the main financial centers of America and Europe seeking alliances and support. [9]
When he thought it was the right moment, in 1912, Aldrich presented the bill to U.S. Congress. Still, in both houses, the bill was attacked for giving too little or any involvement and control to the government and the public on the proposed central bank, and too much power to the bankers.
The former Treasury Secretary, Leslie M. Shawn, referring to the Federal Reserve Bill, said "... such an institution, whatever its name, put the business of the United States absolutely and irretrievably in the hands of Wall Street." [10]
Amid this struggle, the 1912 elections brought to Democrat Woodrow Wilson to the White House and gave the majority to the Democrats, which mostly opposed to the project of the Federal Reserve in both houses of Congress.
One might think that the arrival of Wilson to the White House would put the bankers very anxious. But, John D. Rockefeller junior and J.P. Morgan had a strong card up his sleeve.
On the one hand, they gave the Aldrich bill some makeup under the disguise of the Glass bill, which seemed to oppose the "money trust" of Wall Street to trick the Democrats.[8]
On the other hand, they asked for help to the personal adviser of President Wilson, the mysterious "Colonel" Edward Mandell House.
They had access to House through his most ardent disciple, Raymond B. Fosdick, who was a trustee of John D Rockefeller Junior and then, given his outstanding work in the government of Woodrow Wilson in favor of the interests of his bosses, he was rewarded as president of the Rockefeller Foundation. [11]
"Colonel" Edward House, who had never been in the military nor had been a colonel, was the great visionary of a "new world order" more "fair", almost communist, Fabian socialism inspired , where the wealth would be better distributed and the U.S. could play the role of world leader.
House conveyed similar "internationalists" ideas to his disciples Woodrow Wilson, Raymond Fosdick, and, through this, to John D. Rockefeller Jr., among others, ideas that later materialize with the creation of the Council on Foreign Relations or CFR in 1921 by John D. Rockefeller Junior and "Colonel" Edward House himself, among others.
Wilson came to revere so much the "Colonel" House's "lessons" that, when he was elected president, he made House his so personal and intimate adviser that he took him to live with him to the White House. [12]
Thus, through the "Colonel" House, John D. Rockefeller Junior and J.P. Morgan, representing the Rothschilds, persuaded Woodrow Wilson -the Democrat, the antitrust and the enemy of Wall Street- to sign in 1913 the laws of the Federal Reserve and the personal income tax in times of recess of Congress.[11]
Three years after signing the Federal Reserve Act, President Woodrow Wilson, evidently repented, wrote:
On the night of November 22, 1910, at the Hoboken train station in New Jersey, a group of political and financial personalities boarded a train with costumes that gave them the innocent appearance of a hunting party.
The car occupied by the conspicuous troupe was sealed and the windows veiled. To enhance the mystery, its members had been instructed to not address each other by their surnames. The destination of the convoy was so secret that some passengers ignored it.
The train took the “hunting party" a thousand miles south, to the coast of Georgia from where it was transported undercover to an island with the significant name of Jekyll. Here, the "hunters" were accommodated in the exclusive country club, where they were confined for more than a week without any communication with the outside.
Leading the group was Senator Nelson Aldrich of Rhode Island. Among his companions, there were prominent figures from the Treasury Department, the National City Bank and First National Bank of New York, the J. P. Morgan Company, and a Kuhn, Loeb & Co. associate. [1]
In summary, in Jekyll Island met senior representatives of the U.S. government, from JP Morgan, from Rockefellers and from the Rothschilds in complete secrecy.
But why such important figures of politics and finance acted in such a way?
First, the object of "hunting party" was to give culmination to the creation of a central bank of America, dispute that had been developing throughout U.S. history.
In the previous article* we saw how, on several occasions, the international banking, leaded by the house of Rothschild, had tried to implement its power over the economy and the U.S. government through successive central banks.
Several founding fathers and political figures repeatedly opposed the creation of an American central bank because of its dangers of corruption, speculation and foreign domination. So, they managed to bury the project in 1836, when the charter of the Second Bank of America was repealed.*
The conspirators of Jekyll Island were preparing to evoke the specter of the U.S. central bank behind the back of voters, political parties and U.S. government institutions.
The purpose of the conspicuous "hunting party" was drafting the bill for the creation of the ultimate and definitive U.S. private central bank, which would emerge under the misleading name of the U.S. Federal Reserve.
Second, the conspirators of Jekyll Island were violating the U.S. Constitution and laws.
Senator Aldrich, according to the U.S. legislative process, must submit the bill to the Congress Legislative Service Bureau in order to draft it properly. [2]
However, he worked secretly with representatives of international private banking, which drafted the bill according to their interests instead of those of the American electorate.
By the way, there is a consensus among historians to consider the panic of 1907 as the main justification for the creation of the Federal Reserve seven years later.
It is known that the great financial powers have always taken advantage from economic crisis and from banking and stockmarket panics.
Tycoons like John D. Rockefeller and JP Morgan have used -if not caused, or, at least, helped- financial crises and panics to expand their empires.
The crisis of 1883 was partly caused and was greatly exploited by the Rockefellers to literally monopolize the oil industry.***
The crisis of 1893 was used by J.P. Morgan to expand its almost complete monopoly on the metallurgical, railway, electricity and telephone industries, among others. But above all, the crisis served to establish his dominion over U.S. banking. ***
Such was the power achieved by J.P. Morgan, that President Cleveland had to ask for his help to fill the exhausted coffers the U.S. government. To this end, between 1893 and 1896, backed by the power of the Rothschild, Morgan made flow million dollars in gold and then supported the issuance of millions in government bonds, acting in effect as the nation's central bank. [3]
The crisis of 1907 was caused by the precipitous drop in the stock market due to the unbridled speculation in real estate after the earthquake in San Francisco and the attempt to "corner the market"***** of the United Cooper Company. This caused many investors rushed to banks to take out their money and put it safe.
Amid the climate of market turmoil, J.P. Morgan precipitated the panic by spreading rumors about the insolvency of the Knickerbocker Trust Company, one of the largest U.S. banks. This mistrust extended to the rest of the banking system. [4]
However, such was the ascendancy achieved by Morgan on the U.S. economy that both the remaining private banks as the Secretary of the Treasury accepted without question their opinion of not supporting Knickerbocker and waited for his decisions to take actions in order to control the panic. [5]
Indeed, the financial collapse of 1907 was the reason of bringing back to the national table the question of the need for a central bank to support the lack of liquidity of banks in times of panic, etc.
The large banking interests used the press and certain politicians to harp on the issue. [6]
Because of the manipulation of public opinion, many of the former opponents to the creation of a central bank in North America fell into the trap of believing that this would be a defense against new financial panics and against the possibility that the strongest banks, like Morgan’s and the international bankers, obtain too much influence over the national economy.
In 1908, Congress passed the Aldrich-Vreeland Act, which created the National Monetary Commission to investigate the causes of the crisis of 1907 and find ways to avoid such situations. [7]
The promoter of this law was nothing less than the very Senator Nelson W. Aldrich of Rhode Island.
Aldrich was the Republican Senate leader and one of the most influential politicians in the U.S., becoming known by the nickname "general manager of the United States."
Aldrich himself was appointed as head of the National Monetary Commission, which was like putting the wolf in sheep grazing.
Aldrich not only was considered the "true voice" of JP Morgan, but he also was the father in law of John D. Junior Rockefeller, who, at the time, had been appointed by his father to succeed him at the head of the clan and Rockefellers' businesses. ***
As head of the National Monetary Commission, Aldrich got the carte blanche to deal directly with national and global banking elite (something forbidden for a member of the U.S. Senate) and travel to various countries to "study" the functioning of the national central banks Europe.
In 1909, in preparation of the master plan for the creation of the Federal Reserve, Aldrich introduced a constitutional amendment for the creation of income tax, which would further the payment of interest of the government debt with the planned central bank.
After two years of underground work, given the traditional refusal of Americans to the creation of a central bank, Aldrich was able to create the conditions for holding the secret meeting at the country club on Jekyll Island in November, 1910. [8]
With the Federal Reserve bill in hand as a political project, Aldrich, as chairman of the National Monetary Commission, visited the main financial centers of America and Europe seeking alliances and support. [9]
When he thought it was the right moment, in 1912, Aldrich presented the bill to U.S. Congress. Still, in both houses, the bill was attacked for giving too little or any involvement and control to the government and the public on the proposed central bank, and too much power to the bankers.
The former Treasury Secretary, Leslie M. Shawn, referring to the Federal Reserve Bill, said "... such an institution, whatever its name, put the business of the United States absolutely and irretrievably in the hands of Wall Street." [10]
Amid this struggle, the 1912 elections brought to Democrat Woodrow Wilson to the White House and gave the majority to the Democrats, which mostly opposed to the project of the Federal Reserve in both houses of Congress.
One might think that the arrival of Wilson to the White House would put the bankers very anxious. But, John D. Rockefeller junior and J.P. Morgan had a strong card up his sleeve.
On the one hand, they gave the Aldrich bill some makeup under the disguise of the Glass bill, which seemed to oppose the "money trust" of Wall Street to trick the Democrats.[8]
On the other hand, they asked for help to the personal adviser of President Wilson, the mysterious "Colonel" Edward Mandell House.
They had access to House through his most ardent disciple, Raymond B. Fosdick, who was a trustee of John D Rockefeller Junior and then, given his outstanding work in the government of Woodrow Wilson in favor of the interests of his bosses, he was rewarded as president of the Rockefeller Foundation. [11]
"Colonel" Edward House, who had never been in the military nor had been a colonel, was the great visionary of a "new world order" more "fair", almost communist, Fabian socialism inspired , where the wealth would be better distributed and the U.S. could play the role of world leader.
House conveyed similar "internationalists" ideas to his disciples Woodrow Wilson, Raymond Fosdick, and, through this, to John D. Rockefeller Jr., among others, ideas that later materialize with the creation of the Council on Foreign Relations or CFR in 1921 by John D. Rockefeller Junior and "Colonel" Edward House himself, among others.
Wilson came to revere so much the "Colonel" House's "lessons" that, when he was elected president, he made House his so personal and intimate adviser that he took him to live with him to the White House. [12]
Thus, through the "Colonel" House, John D. Rockefeller Junior and J.P. Morgan, representing the Rothschilds, persuaded Woodrow Wilson -the Democrat, the antitrust and the enemy of Wall Street- to sign in 1913 the laws of the Federal Reserve and the personal income tax in times of recess of Congress.[11]
Three years after signing the Federal Reserve Act, President Woodrow Wilson, evidently repented, wrote:
"The growth of the nation ... 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 of free opinion, no longer a government by conviction and the free
vote of the majority, but a government by the opinion and duress of a small
group of dominant men."[13]
And he was right.
The Federal Reserve, despite its confusing name, was never a government agency. Quite the contrary.
The private nature of the Federal Reserve was kept secret until very recently, in the last five years, thanks to the free flow of information over the Internet.
So far, most Americans thought it was an exclusively governmental institution.
Many have rightly criticized the secrecy and impenetrability of the Federal Reserve, either to the press as to any of the branches of government, whether legislative, executive or judicial. [14]
During its nearly 97 years of existence, even though it is the source of funds to the government and of printing money for national and global circulation, the Federal Reserve has never been audited, although no one knows where their funds come from nor how or to whom are distributed. [15]
It is not until 2009 that it was introduced the bill on the transparency of the Federal Reserve [16] but the bill failed even though the massive mortgage fraud -involving members of the Federal Reserve Cartel- has brought the world into the deepest economic crisis since 1929..
Ben Bernanke, current Federal Reserve chairman, has refused to disclose to the Financial Services Committee of Congress the names of the banks that made loans nor the collateral used. [17]
The Federal Reserve and its great banking cartel seem to be outside and above the laws and government control.
The Federal Reserve is a private monopoly of the international banking elite. From its inception, it has had the control of the finances and economy of the U.S. and the world, and the U.S. government budget, as well. In addition, it has the unique privilege for an unofficial entity of print the money from the nation which, in turn, is the universal exchange currency. [18]
Each new government spending requires a loan from the Federal Reserve with interest thereon for the international banking elite, with the Rockefellers and the Rothschilds to the head, paid for with money raised by the government through the income tax from each resident in the U.S. territory.
Each new loan from the Federal Reserve to the government becomes in new printed money which enters into circulation, lowering the nominal value of the currency, and therefore a further increasing the inflation.
Moreover, each international bank transaction must pass through the U.S. Federal Reserve. In this way, its banking cartel dominates completely the world's financial and commercial movement. [19]
In short, the Fed has become in the financial base of the world domination by the international banking elite, whose headquarters are not located in New York or Washington, but in the City of London, the center of world's operations of the house of the Rothschilds.****
Finally, as we saw in the previous article, after a century of efforts to dominate the economy and the U.S. government through a central bank, as they had done with the European powers, the Rothschild met their goals with the creation of the Federal Reserve.***
If in the nineteenth century, the Rothschilds got their power through its global financial ascendancy over the British Crown through their control of the Bank of England, in the twentieth century, they have maintained and expanded this power through their influence on the U.S. government through Federal Reserve.
For his part, The Rockefellers have shared this power nationally and internationally through its alliance with the House of Rothschild, primarily through its main agent in the U.S., JP Morgan. So much so that the monopoly bank, JP Morgan Chase, will pass to the Rockefeller soon after Morgan's death, replacing this as the main agent of the Rothschilds in America.
On November 5, 2010, at the Jekyll Island, it was held a conference sponsored by the Federal Reserve Bank of Atlanta and Rutgers University to commemorate the 100th anniversary of the drafting of the Federal Reserve bill. [20]
These gentlemen weren't celebrating a milestone in the annals of the development of the U.S., its democracy and the rule of law, that is, the more progressive spirit of America.
Such a celebration praised the success of a conspiracy that gave power to the Rothschild and Rockefeller on the economy, politics, American and world culture.
And one of the heirs of that power, David, the son of John D. Rockefeller Junior, is precisely the main sponsor and intimate friend of Fidel Castro.
As will be discussed in the rest of this series, the true ideals of Fidel Castro are not nationalism or communism as he has assured all his life.
Fidel Castro has worked at a young age as the most loyal agent of those same interests that conspired Jekyll Island against American democratic paradigm and continue today attempting to establish the New World Order of international banking.
NOTES:
PICTURE: Jewkyll Island’s Country Club House, Georgia.
* See it in the previous article of this blog, THE CUBAN CONSPIRACY (FIVE) THE ROTHSCHILD AND THE CENTRAL BANK OF AMERICA http://havanaschooleng.blogspot.com/2011/02/cuban-conspiracy-five-rothschild-and.html
.
**See this blog article THE CUBAN CONSPIRACY (FOUR) THE ROTHSCHILD http://havanaschooleng.blogspot.com/2010/12/cuban-conspiracy-four-rothschild_01.html
***See this blog article THE CUBAN CONSPIRACY (THREE) THE ROCKEFELLERS http://havanaschooleng.blogspot.com/2010/11/civilization-is-what-its-leading-groups.html
****See this blog article THE CUBAN CONSPIRACY (TWO): CASTRO & ROCKEFELLER
http://havanaschooleng.blogspot.com/2010/10/cuban-conspiracy-two-castro-rockefeller.html
***** Cornering the Market: In finance, to corner the market is to purchase enough of a particular stock, commodity, or other asset to allow the price to be manipulated…
http://en.wikipedia.org/wiki/Cornering_the_market
[1] Secrets of the Federal Reserve by Eustace Mullins P 11 ttp://www.rebelnews.org/downloads/Federal-reserve.pdf
[2] http://www.myig.org/ms/ms_docs/BillWritingProcedure.MS.pdf
[3] http://millercenter.org/academic/americanpresident/cleveland/essays/biography/4
[4] http://eh.net/encyclopedia/article/moen.panic.1907
[5] http://www.fas.harvard.edu/~histecon/crisis-next/1907/docs/Kavoussi-Panic_of_1907.pdf
.[6] THE FEDERAL RESERVE ACT http://www.the7thfire.com/new_world_order/final_warning/federal_reserve_act.htm
[7] http://en.wikipedia.org/wiki/Aldrich-Vreeland_Act
[8]THE GREAT DEBATE ON BANKING REFORM. NELSON ALDRICH AND THE ORIGINS OF THE FED http://www.ohiostatepress.org/books/Book%20PDFs/Wicker%20Great.pdf
[9] Balance of Power. The Political Fight for an Independent Central Bank.pdf http://www.kansascityfed.org/publicat/balanceofpower/balanceofpower.pdf
[10] The Federal Reserve Act - Its Origin and Problems, by J. Lauwrence Laughlin, New York, 1933 cited in Balance of Power.The Political Fight for an Independent Central Bank.pdf http://www.kansascityfed.org/publicat/balanceofpower/balanceofpower.pdf
[11] John D. Rockefeller Jr. and the Legacy of Woodrow Wilsonhttp://www.martinfrost.ws/htmlfiles/third_section/Rockerfeller_IntPart1.html
[12] http://www.archive.org/details/realcolonelhouse00lcsmit
[13] Woodrow Wilson: The New Freedom http://www.gutenberg.org/files/14811/14811-h/14811-h.htm#VIII
[14] http://www.examiner.com/libertarian-in-new-york/nyc-congressional-delegation-minority-opposing-federal-reserve-audit?cid=parsely#parsely
[15]http://www.house.gov/jec/fed/fed/transpar.pdf
[16]http://www.govtrack.us/congress/bill.xpd?bill=h111-1207
[17]http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aS1eWoJj0sKc&refer=home
END THE FED BY RON PAUL http://mises.org/daily/3687
[18]Secrets of the Federal Reserve by Eustace Mullins http://www.rebelnews.org/downloads/Federal-reserve.pdf
[19]Federal Reserve Tutorial http://www.investopedia.com/university/thefed/
[20]http://www.frbatlanta.org/news/conferences/10jekyll_index.cfm
