Pawns in the Game
CHAPTER SIX
Monetary Manipulation - 2

Schiff hadn’t done too badly for himself, and his backers.  He had managed to achieve undisputed control over the transportation, the communication systems, and the supply lines in the United States.  As has been proved, control of these is absolutely essential for successful revolutionary effort in any country.^[3]

On the night of November 22nd, 1910 a private railway coach was waiting at the Hoboken, New Jersey, Railway Station.  Senator Aldrich arrived with A. Piatt Andrews, a professional economist and treasury official, who had been wined and dined in Europe.  Shelton, Aldrich’s private secretary, also turned up.  He was followed by Frank Vanderlip, president of the National City Bank of New York;  this Bank represented the Rockefeller Oil Interests and the Kuhn-Loeb railway interests.  The directors of the National City Bank had been publicly charged with helping to foment a war between the U.S.A. and Spain in 1898.  Regardless of the truth or otherwise, of the charges, the fact remains that the National City Bank owned and controlled Cuba’s sugar industry when the war ended.  Others who joined Aldrich were H.P. Davison, senior partner of J.P. Morgan & Co., Charles D. Norton, president of Morgan’s First National Bank of New York.  These last three had been accused in the American legislature of controlling the entire money and credit of the U.S.A.  Last to arrive were Paul Warburg and Benjamin Strong.  Warburg was so wealthy and powerful by this time that he is said to have inspired the famous comic strip (“Orphan Annie”) in which Warbucks is featured as the most wealthy and influential man in the world;  a man who can, when he so wishes, use superhuman or supernatural powers to protect himself and his interests.  Benjamin Strong came into prominence during the preliminary manipulations of high finance which led to the Wall Street Panic of 1907.  As one of J.P. Morgan’s lieutenants he had earned a reputation for carrying out orders without question and with ruthless efficiency.

Aldrich’s private coach was attached to the train.  Newspaper reporters learned of this gathering of the men who controlled America’s oil, finances, communications, transportations and heavy industries.  They began to swarm down upon the private car like locusts ... But they couldn’t get anyone to speak.  Mr. Vanderlip finally brushed off the reporters’ demands for information with the explanation “We are going away for a quiet week-end”.

It took years to discover what happened that quiet week-end.  A secret meeting was held on Jekyll Island, Georgia.  This hide-away was owned by J.P. Morgan, and a small group of his financial affiliates.  The business discussed at the meeting referred to was “Ways and means to ensure that proposed legislation to curb financial racketeering and monetary manipulation in the U.S.A. be sabotaged and legislation favourable to those attending the secret meeting be substituted.”  To achieve these two important objectives was no easy task.  Mr. Paul Warburg was asked to suggest solutions.  His advice was accepted.

Subsequent meetings were held by the same group to iron out details in New York.  The conspirators named their group the First Name Club because, when meeting together, they always addressed each other by their first names to guard against strangers becoming interested should they hear the surnames of national and international financiers being spoken.  To make a long story short, Aldrich, Warburg and Company, drew up the monetary legislation which Aldrich ultimately presented as the work of his special committee.  He had it passed by Congress in 1913 under the title “The Federal Reserve Act of 1913”.  The vast majority of American citizens honestly believed that this act protected their interests, and placed the Federal Government in control of the nation’s economy.

Nothing is further from the truth.  The Federal Reserve System placed the affiliated bankers in America and Europe in position to bring about and control World War One.  This statement will be proved.  World War One was fought to enable the International Conspirators to bring about the Russian Revolution in 1917.

These facts illustrate how history does repeat itself and why.  By means of similar plots, and intrigue, the International Bankers had brought about the English Revolution in 1640-1649;  and the Great French Revolution of 1789.^[4]

In 1914 the Federal Reserve System consisted of twelve banks which had bought $134,000,000 worth of Federal Reserve Stock.  According to Congressional Record of May 29th, 1939;  8896, they had made a profit of $23,141,456,197.  In 1940 the assets of the Federal Reserve were shown as five billion dollars.  In 1946 they were declared to be forty five billion dollars.  The bankers made forty billion dollars profit out of their transactions in World War Two.

The majority of citizens in the United States believe that the Federal Reserve System benefits the people of the Nation as a whole.  They think the Federal Reserve System protects the depositors’ money by making bank failures an impossibility.  They think that profits made by the Federal Reserve Banks benefit the National Treasury.  They are wrong on all suppositions.

What the majority of the people think is exactly what the Federal Reserve System was originally intended to accomplish, but the legislation drawn up on Jekyll Island, Georgia in 1910, and passed by the American Congress in 1913, did not benefit the people or the government of the U.S.A.  It benefited only the American Bankers, who were interlocked with the International Bankers of Europe.

The President of the United States nominates four of the men who are charged with the responsibility of operating the Federal Reserve System.  They are paid $15,000 a year for their services.  Congressional records will prove that the member banks shared illegally the profits made right from its inception.  It wasn’t until 1922 that the original Act was amended so the bankers could take the profits legally.

Regarding the delusion that the Federal Reserve System protects people who deposit their money for safe-keeping in American Banks against possible bank failures, statistics show that since the Federal Reserve System came into operation in 1913 over 14,000 banks have failed.  Millions upon millions of the depositors’ hard earned money were lost to the rightful owners.  As money or wealth, generally speaking, is indestructible somebody got what the others lost.  That is what we term “Smart Business” to-day.

footnotes

3 Investigations in several countries already subjugated prove that the Financial Tycoons who owned and controlled the transportation systems on land and sea, and affiliated industries deliberately brought about conditions which led to general strikes immediately prior to the date set for a revolutionary effort to take place.  It must be obvious that these international Tycoons cannot form dictatorships as they did in Russia until existing governments and institutions have been overthrown.  This book proves how this purpose was achieved in Russia.

4 For full details of the Federal Reserve Conspiracy read the book of that title written by Eustace Mullins and published by Common Sense, Union, New-Jersey. 1954.

Chapter Six 1 - 2 Go to Chapter Seven