Part I: Aldrich-Vreeland Act, Federal Reserve, Jekyll Island
The architects of our economic demise
Today, we are witnessing the final stages of the greatest financial
fraud ever perpetrated on the American people. Behind the massive debt,
threat of “sequestration,” and the threat of massive pending layoffs
exists a story that must be told and
understood by every American. It is a truth that too few understand and even fewer will talk about.
The system has been rigged. However,
understanding exactly what is being done to us, our country, and our
economy has been deliberately made difficult for a person of average or
even above-average intelligence by the architects of our demise. This
process continues today, and much of it is done in secret or behind
closed doors.
Every person on the planet is being robbed of their wealth by a
select group of people. Worse, they are robbing your children,
grandchildren, and further generations of their wealth not yet earned
and (by extension) their time not yet invested, while making you believe
that their enrichment is your moral obligation. It’s mental
conditioning on a grand scale.
How we got here
A significant aspect of understanding why we find ourselves in our
current financial mess is to understand exactly how we got here in the
first place. Like most events taking place in Washington, DC, we are
witnessing the ongoing shredding of the United States Constitution by
both sides of the political divide. Yet how many people actually
understand that what is taking place is completely unconstitutional?
Thanks to the incremental infusion of Communist goals into the legal and
societal framework of the fabric of America, people have been
intellectually hobbled by a complicit media and a compromised
educational system.
Discarding revisionist history and knowing
the truth behind the larger global scheme will tell us, by default, what
we must do to get out of the mess we’re in, and identify those who are
responsible, both past and present.
The founders of our country fought a difficult war of independence to
break free of the constraint and oppression of England. The blood that
was shed on the battlefield over two centuries ago resulted in the
creation of our Constitution.
Article I, Section 8, Part 5 of the United States Constitution states
that “[T]he Congress shall have the power to coin money, regulate the
value thereof…” Yet, that has been violated to the detriment of all
Americans. So, what is the truth?
There is a rich history of our country’s monetary system, and
significant events that occurred before the twentieth century. For
example, why have some of the real factors for the War of 1812 been
expunged from our history books? There is no mention of our forefathers’
refusal to permit a central bank to run America, thereby creating
antagonism with England. What were the causes of the previous financial
panics that struck America in her early years? History has been revised.
But for the sake of brevity, we’ll begin with the events of last
century and end with the present.
In all conspiracies, there must be great secrecy
In response to a Wall Street orchestrated financial panic in 1907 that saw a 50% fall in the stock market, a
National Monetary Commission
was created by the U.S. Congress in 1908 and signed into law by
President Theodore Roosevelt. It was a “study group,” ostensibly to
prevent further financial panics and economic troubles. Known as the
Aldrich-Vreeland Act,
it was a Republican-led initiative introduced by Senator Nelson
Aldrich. It is important to note that Senator Aldrich was a business
associate of J.P. Morgan, and the father-in-law of John D. Rockefeller.
He was ultimately named head of the National Monetary Commission, a
group that spent two years in Europe studying the structure of their
banking and financial system.
Two years later, and under the cover of darkness, a meeting of about a
half-dozen of the wealthiest people in America took place amid great
secrecy on an island just off the coast of Georgia. The meeting was set
up by Aldrich himself and held on Jekyll Island, which was purchased in
1888 by J.P. Morgan and William Rockefeller (the brother of John D.
Rockefeller).
Late on the night of November 22, 1910, Senator Nelson Aldrich, his
personal secretary, and six of the wealthiest men in the world[ia]
stealthily boarded Aldrich’s personal rail car in Hoboken, New Jersey to
make a trip of nearly a thousand miles to this remote location, where
no media or others outside of this clique were allowed.
In addition to
Aldrich and his personal secretary, the other men who secretly boarded that rail car included
A. Piatt Andrew (the Assistant Secretary to the U.S. Treasury, and Special Assistant to the National Monetary Commission),
Frank Vanderlip (President of the National City Bank of New York),
Henry P. Davison (senior partner at J.P. Morgan Company, and considered Morgan’s personal emissary),
Charles D. Norton (President of the First National Bank of New York, a Morgan dominated bank),
Benjamin Strong (also of J.P. Morgan), and
Paul Warburg (a German immigrant working for Kuhn, Loeb and Company).[ii]
The unprecedented secrecy surrounding this nine-day conference on
Jekyll Island was such that the attendees were only permitted to use
first names of others, causing some to refer to the group as “The First
Name Club.” Unbeknownst to all Americans, the framework was being set
for the greatest financial Ponzi scheme that still exists today.
The Federal Reserve Act of 1913
As a result of that secret meeting on Jekyll Island in 1910, the
Federal Reserve (or “Fed”) was created after a three-year long magic act
designed to fool the American people into believing that the Federal
Reserve was something it was not. On December 23, 1913, President
Woodrow Wilson signed the Federal Reserve Act into law after it passed
in a nearly empty Capitol chamber,since many lawmakers had already
departed for the Christmas holiday.
It is important to understand that, during the three years between
the meeting at Jekyll Island and the passage of the Federal Reserve Act,
there is a rich history of deception and subterfuge. This included
influencing the presidential election that brought Woodrow Wilson
(governor of New Jersey, and former president of Princeton University)
into office, over popular incumbent William Howard Taft. Historians
could rightfully assert that the primary (and perhaps only) purpose of
getting Wilson elected as U.S. President at this time was in order to
assure that a central banking system would be signed into law.
President William Howard Taft was the incumbent, and favored for
re-election. The Republicans also held a majority in both houses of
Congress. It was not until the former Republican President Theodore
Roosevelt (the creator of the National Monetary Commission) entered the
race as a third party candidate that Taft was threatened. Roosevelt was
highly funded by members of both parties who wanted a central banking
system put in place in the United States. The entry of Theodore
Roosevelt split the vote, and Woodrow Wilson was elected.
Two figures who played a very prominent role in the creation of a
central bank, and the passage of the Federal Reserve Act behind the
scenes, were Paul Warburg (a German immigrant) and Colonel Edward Mandel
House from Texas. Both had European connections. House was a friend of
he most powerful man in America at that time - President Woodrow Wilson.
He also had connections to the Rothschild money dynasty in London. The
influence of Colonel House over two presidential administrations is
without question. Accordingly, he and his ideology warrant a closer
look.
“Colonel” is only a nickname, as he had no military experience, just
an odd and influential friendship with U.S. President Woodrow Wilson.
House was active in Texas politics, and became an advisor to Wilson in
foreign affairs. Much like today, access to the President appears to
hinge on “excess,” or how much money one has. According to one account,
House reportedly showed up at the Wilson White House with a $35,000
political contribution.[iii]
In 1911, House anonymously published a novel titled Philip Dru:
Administrator, in which the main character causes a civil war in the
United States and then becomes a dictator. As dictator, the character
Dru turns the U.S. into a Socialist nation - a Socialist utopia, as
dreamed by Karl Marx. The cumbersome novel seemed to serve as a
blueprint for President Wilson. Then later,it influenced President
Roosevelt, in terms of the implementation of socialist programs.
It is interesting that House, an avowed Socialist, viewed the
enactment of the Federal Reserve as the crowning achievement of the
Wilson administration.[iv] Among other decidedly Socialist “reforms,”
House (personally and through his novel) actually called for the
creation of the Federal Reserve, or a central banking system.[v] A
centralized banking system, along with a progressive or graduated income
tax, is one of the ten planks of the Communist goals.
What’s in a name?
Before the Federal Reserve Act was signed into law, it was initially
known as the Aldrich Plan, named after Senator Nelson Aldrich. To
positively impact public opinion, national banks organized a propaganda
campaign through three American Universities: Princeton, Harvard, and
the University of Chicago. The banks contributed $5 million to this
propaganda campaign, much of it spent by the National Citizens’ League,
an organization composed primarily of college professors.
As facets of the Republican Aldrich Plan became known, however, there
was staunch opposition launched against it by Democrats, who presented
their own plan in the form of the Federal Reserve Act. It is here - at
this point in American history - that the Republican-Democrat political
paradigm seems to have been essentially and forever dissolved. Much
print space could be dedicated to this time period in history alone,
that would enlighten readers to the collusion between parties at their
highest and most powerful levels, in order to fool the American people.
Perhaps one of the most disingenuous feats during this period was
this inter-party collusion for the centralization and control of our
national monetary system. The illusion of dueling plans was thrust upon
the American people by a simple name change. The Aldrich plan was
associated with the Republicans. The Federal Reserve plan was associated
with the Democratic party. The difference was in name only.
Despite the identical nature of the plans, those pushing for a
central banking system made it appear that they were at odds with each
other. Aldrich joined with Frank Vanderlip, president of the National
City Bank, to publicly denounce the Federal Reserve Act.
The people of the United States had fought previously against the
implementation of a central banking system under Presidents Thomas
Jefferson and Andrew Jackson, when the Rothschild family attempted to
install such a system (and briefly succeeded via The First Bank of the
United States and the Second National Bank, respectively). Therefore,
the advocates of the Federal Reserve Act wanted to hide the fact that it
was really a centralized banking system.
Accordingly, one of the architects at Jekyll Island, Paul Warburg,
devised the plan to set up a series of regional banks throughout the
U.S., in order to make it
appear that the Federal Reserve was not
a central bank. Additionally, Warburg also seemed to alleviate concerns
over who would oversee the appointments to head the Federal Reserve by
making it
appear that the U.S. government had full authority over
such appointments. Actually, appointments were (and are) made from a
list of “acceptable candidates” provided by the Federal Reserve alone.
After the political theater that made it appear that the Republicans
and Democrats were at odds with each other, the objective of the
architects of a central banking system prevailed. As previously noted,
the Federal Reserve Act was signed into law by President Woodrow Wilson
on December 23, 1913.
Wilson apparently realized what he had done. In 1916, Wilson wrote,
“Our system of credit is concentrated [in the Federal Reserve]. The
growth of the nation, therefore, and all our activities, are in the
hands of a few men.”
London bridges
The creation of the Federal Reserve concentrated the power, wealth,
and industry of the United States into the control of a handful of
people, including J.P. Morgan who was (for all practical purposes) an
emissary for the Rockefeller dynasty. But it was not only the
Rockefellers who benefitted from this devious plan; the Rothschild
family of London also controlled the wealth of the U.S. by proxy. The
Rothschilds also took over the Vatican Bank in 1824.
It is becoming clear that all roads and bridges lead to the bankers
of London. Not just to London, but a specific area within London—a city
within a city. It is within this magical mile where the root of untold
wealth and power exists. It is here where its denizens control men and
might, plan wars and “a New World Order.”
Accordingly, honest investigation into the creation and continued
existence of the Federal Reserve must include identifying the people
behind its creation, as well as its current existence.
“Thou doth protest too much”
Additionally, honest investigation and research into the Federal
Reserve, past and present, would not be complete without looking at its
“protagonist threats” and their fates. Examples can be found in
President Abraham Lincoln (who issued “Greenbacks”), President James A.
Garfield (who suggested serious monetary reforms just before his
assassination in 1881), and of course, President John F. Kennedy.
It is applicable to introduce Louis Thomas McFadden, a Republican
member of the U.S. House of Representatives serving from 1923 to 1935.
He was a member of the House Banking and Currency Committee, and had a
working understanding of what the central bankers and the power elite
were doing to the United States.
On June 10, 1932, Rep. McFadden addressed the House of Representatives with this important message [emphasis added]:
“Some people think the Federal Reserve banks are United States Government institutions. They are not government institutions.
They
are private credit monopolies which prey upon the people of the United
States for the benefit of themselves and their foreign customers. The
Federal Reserve banks are the agents of the foreign central banks. Henry Ford has said,
‘The
one aim of these financiers is world control by the creation of
inextinguishable debts.’ The truth is the Federal Reserve Board has
usurped the Government of the United States by the arrogant credit
monopoly which operates the Federal Reserve Board and the Federal
Reserve Banks.”
Based on his analysis of the treachery taking place by the Federal
Reserve and its enablers, McFadden introduced House Resolution No. 158,
Articles of Impeachment on May 23, 1933 against the Secretary of the
Treasury and two Assistant Secretaries of the Treasury; the Federal
Reserve Board of Governors and the officers and directors of the Federal
Reserve Banks for their guilt and collusion in causing the Great
Depression.
McFadden stated: “I charge them with having unlawfully taken over 80
billion dollars from the United States Government in the year 1928, the
said unlawful taking consisting of the unlawful recreation of claims
against the United States Treasury to the extent of over 80 billion
dollars in the year 1928, and in each year subsequent, and by having
robbed the United States Government and the people of the United States
by their theft and sale of the gold reserve of the United States.”
Rather than a bullet, McFadden was instead marginalized by rumors
that he was legally insane. The Progressives of that era heavily funded
his political opposition. Between the allegations of his insanity and
the money furnished to his opposition, McFadden lost his congressional
district and faded into relative obscurity. The impeachment resolution
never saw the light of day.
Franklin Delano Roosevelt
Quietly backed by the Socialist and Communist parties, Roosevelt was
elected President in 1932, ostensibly to end Wall Street domination and
free the American people from the evil domestic banking cartel and its
equally evil international influences that caused the Great Depression.
But who was Roosevelt? He was himself was an international banker who
floated large issuances of foreign bonds in the U.S. during the 1920s.
He was also the was President and Director of United European Investors,
Ltd., which also floated millions of German marks in this country. Like
the pattern we have witnessed more recently, the bonds defaulted and
Americans collectively lost millions of dollars.
Perhaps most telling were his associations. Upon taking office,
Roosevelt appointed James Paul Warburg, son of Paul Warburg, as Director
of the Budget and Vice President of the International Acceptance Bank
and other corporations.
Moving quickly through history, there were a number of significant
events related to the Federal Reserve and our economy that brought us to
this most dangerous point in history.
Glass-Steagall Banking Act of 1933
Partly due to the Great Depression, the Glass-Steagall Act of 1933
essentially separated commercial and investment activities by
banks.Enacted in part as a result of the findings of the Pecora
Commission, an investigation of the events that led to the Wall Street
Crash of 1929 and the Great Depression, the commission’s findings led to
the Glass-Steagall Banking Act.
Most telling about the secrecy and conspiracy of the central banks,
bankers and the Federal Reserve is an entry in the memoir of Ferdinand
Pecora, published in 1939:
“Bitterly hostile was Wall Street to the enactment of the regulatory
legislation. Had there been full disclosure of what was being done in
furtherance of these schemes, they could not long have survived the
fierce light of publicity and criticism. Legal chicanery and pitch
darkness were the banker’s stoutest allies.”
The Banking Act of 1935
This legislation greatly increased President Franklin Delano
Roosevelt’s power over the country’s finances and accordingly, his power
as president. It repealed the specific clause of the Glass-Steagall Act
that provided that a banking house could not be on the Stock Exchange
and also be involved in investment banking. The most essential provision
of the Glass-Steagall Act was repealed in 1935, thus permitting the
Federal Reserve Banks to loan directly to industry.
Summary of Part I
“The dollar represents a one dollar debt to the Federal Reserve
System. The Federal Reserve Banks create money out of thin air to buy
Government bonds from the United States Treasury, lending money into
circulation at interest, by bookkeeping entries of checkbook credit to
the United States Treasury. The Treasury writes up an interest bearing
bond for one billion dollars. The Federal Reserve gives the Treasury a
one billion dollar credit for the bond, and has created out of nothing a
one billion dollar debt which the American people are obligated to pay
with interest.”—Money Facts, House Banking and Currency Committee, 1964,
p. 9
It is clear that the Federal Reserve and central banks across the
globe represent a shadowy, elite group of the wealthiest and most
powerful men on this planet. The central bankers finance wars, often all
sides of the conflicts, loaning money for war materials for their own
financial gain.
Because of the very manner in which it was established, our current
economic system is untenable and is destined for collapse, leaving only
those elite with the riches stolen from the American people.
Is there a conspiracy of global takeover, of a “New World Order,” of
global governance that has been in the works since the United States
gained independence from Great Britain? The honest answer is undeniable:
yes.
I’ve attempted to cover as much history in Part I to establish the groundwork and backdrop of Part II: Who is responsible
today
for robbing the Americans of our wealth, our heritage, our freedom, and
our country. Today, we have men and women in power who, by the very
definition of the word, are involved in the greatest conspiracy to be
thrust upon America and all of the world. By definition, they are
traitors to our country, and will be responsible for the collapse of the
United States. They must be identified and exposed. But to adequately
and effectively do so, it is important to understand the history of the
conspiracy of which we are the victims.
When the U.S. dollar collapses, who will appear to be our savior,
rescuing the United States from economic destruction through
restructuring? I contend that our salvation, which will be our
imprisonment, will rise from the seat of economic power - a city within
the city of London. The significance of this cannot be understated, as
we will be facing the end of our country and our freedoms. It will be
the final stage of the implementation of global governance.
Perhaps then people will understand the significance and true meaning of the opening ceremonies of the 2012 London Olympics.
[ia] Extensive research for this report noted conflicting
reports pertaining to the identities of the attendees of this meeting,
even 100 years later.
[ii] Eustace Mullins, The Secrets of the Federal Reserve (Bridger House Publishers, Inc., Carson City, Nevada, 1991), pages 1-2.
[iii] Ibid, page 26.
[iv] George Viereck,
The Strangest Friendship in History: Woodrow Wilson and Col. House (Liverwright, New York, NY, 1932) page 45.
[v] Edward Mandell House,
Philip Dru, Administrator.
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