Professor Quigley revealed in the book Tragedy and Hope that Rhodes’s secret society and its American branch exercised much of their influence through five American newspapers: the New York Times, the New York Herald Tribune, the Christian Science Monitor, The Boston Evening (Transcript), and the Washington Post. He also noted that the editor of the Christian Science Monitor served as the principal correspondent for the Round Table.
The latter refers to Rhodes’s Round Table groups—that is, the outer organizations that worked to implement the plans of the inner circle. Professor Quigley further wrote:
”There grew up in the twentieth century a power structure between London and New York which penetrated deeply into the universities, the press, and foreign policy. In England, the Round Table Group was its center, while in the United States it was J.P. Morgan & Company.”
In The Anglo-American Establishment, Quigley revealed that the Milner Group—that is, Rhodes’s secret society—had always maintained very close ties with Morgan and Carnegie. Morgan, Rockefeller, and Carnegie dominated finance, steel, and oil, and Morgan’s business strategy was to buy out other companies because he detested competition. In 1901, he formed U.S. Steel, a billion-dollar corporation, and John D. Rockefeller, through his Standard Oil empire, was a powerful ally.
Historian Professor Murray N. Rothbard wrote in the article ”Origins of the Federal Reserve” about how the business operations of powerful figures such as Morgan became increasingly exposed to competition toward the end of the nineteenth century, and how Morgan desperately attempted to establish cartels. However, these quickly collapsed because of both internal and external competition:
”It then became clear to these large corporations that the only way to establish a cartelized economy that would ensure their continued economic dominance and high profits would be to use the powers of government to create and maintain cartels through coercion.”
In October 1907, a major financial crisis erupted. Many of the houses destroyed in the 1906 San Francisco earthquake had been insured by companies based in London, and the insurance payouts drained capital from Great Britain. This led to rising interest rates in both England and the United States, especially since many people had borrowed money for speculative investments. High interest rates and elevated real-estate prices subsequently slowed investment in capital goods.
The problems worsened when a group of investors subsequently attempted to take control of the large corporation United Copper Company. Enormous sums had been borrowed to finance the deal, but it soon became apparent that something was wrong, and the company’s stock price plummeted. Many banks held shares in the company as collateral for their loans, and as a result, many became reluctant to lend money even to other banks.
A lack of liquidity—partly due to withdrawals of funds by bankers—then caused the crisis to reach its peak. Several observers claimed that Morgan, regarded as an agent of the Rothschilds, and Chase, who represented Rockefeller, had orchestrated a move against the investment company Knickerbocker Trust by selling off assets in the firm while simultaneously leaking stories about bad loans to the press. Panic followed, and people began rushing to withdraw their money from the banks.
Stock prices collapsed by 50 percent, and the economy approached a breakdown. In desperation, the government turned to Morgan, who, together with Rothschild, Rockefeller, Stillman, and Cortelyou, made several investments that helped stabilize the situation.
Morgan was considered the wealthiest man in the United States, yet when he died it was revealed that he actually owned ”only” a few million dollars and was nowhere near as wealthy as would have been expected if he had acted solely on his own resources. This, according to the author, suggests that he had indeed been acting on behalf of the Rothschilds.
After the Panic of 1907, Arsène Pujo, a member of the House Committee on Banking and Currency, initiated an investigation into the nation’s major holders of capital. The investigation revealed that representatives of J.P. Morgan sat on the boards of 112 corporations with combined market interests amounting to $22 billion. At the time, the total value of the New York Stock Exchange was estimated at $26 billion. The final report concluded:
”The Committee is satisfied from the evidence produced, although data from the banks are lacking, that there exists a well-defined identity and community of interest among a few leaders of finance, which has resulted in a vast and growing concentration of the control of money and credit in the hands of these few men.”
Senator Robert La Follette, now regarded as one of the most significant politicians in American history, publicly declared that a money trust composed of fifty men controlled the United States. Later, Robert Owen, co-author of the Federal Reserve Act, testified before Congress that the banking industry had conspired to create financial panics in order to persuade the public to demand reforms that served the interests of the financiers.
Professor Rothbard wrote that:
”Very quickly after the panic, the bankers and businessmen united and began arguing for a central bank. Their task was facilitated by the growing alliance and symbiosis between academics and the power elite.”
In 1908, the Aldrich Act was passed, establishing the National Monetary Commission, a study group tasked with examining the monetary system. The driving force behind it was Republican Senator Nelson Aldrich, who subsequently spent two years touring Europe with several bankers. However, upon returning home, they submitted no report to the government, nor did they propose any plan for banking reform.
Instead, Aldrich gathered the cream of the banking elite for a secret meeting on Jekyll Island, off the coast of New York, to draw up plans for a central bank in the United States.
Let us take a closer look at who these men were. In addition to Aldrich—who was the father-in-law of John D. Rockefeller—they included:
- A. Piatt Andrew, Assistant Secretary of the Treasury;
- Charles D. Norton, president of the First National Bank of New York;
- Henry P. Davison of J.P. Morgan & Co.;
- Benjamin Strong, head of J.P. Morgan’s Bankers Trust;
- Frank A. Vanderlip of the National City Bank of New York and representative of Rockefeller interests; and
- Paul Warburg, partner at Kuhn, Loeb & Company, representing the Rothschilds and the Warburg banking interests in Europe.
Rockefeller had earlier acquired Chase Bank after receiving financial assistance from the Rothschilds. The head of Kuhn, Loeb & Company, Jacob Schiff, was born in Frankfurt and grew up in the same house as the Rothschild family, as it had been jointly owned by his father and Rothschild Sr. Schiff married into the Loeb family, as did Paul Warburg, who, together with his brother Felix, had immigrated to the United States. Remaining in Germany was their brother Max, a banker and head of German intelligence.
The first proposal from Aldrich and his associates was immediately rejected when it was presented. However, on December 22, 1913, when most senators had already left Washington for the Christmas recess, a ”new” proposal was introduced. Written in highly technical and obscure language, it was passed.
The Act provided that twelve regional Federal Reserve Banks would be overseen by a board composed of bureaucrats from Washington. Frank Vanderlip later admitted:
”Although the Aldrich Federal Reserve Plan was defeated when it bore the name Aldrich, all of its essential features were contained in the plan that was finally adopted.”
Ellen Brown wrote in her acclaimed book Web of Debt that the Federal Reserve Act represented a major coup for the international bankers:
”The Federal Reserve authorized a private central bank to create money out of thin air, lend it to the government at interest, control the nation’s money supply, and expand or contract it at will.”
http://www.webofdebt.com/excerpts/introduction.php
The real purpose of the Federal Reserve was to halt the growing competition from other banks, create money out of nothing, gain control over the reserves of all banks, make taxpayers bear the losses of the banking cartel, and finance and profit from future wars. Congressman Louis T. McFadden stated:
”When the Federal Reserve Act was passed, the people did not perceive that a world banking system was being established. A superstate controlled by international bankers and industrialists acting together to enslave the world.”
At the same time, Lenin was traveling around Europe raising funds for the revolution. In 1914, he moved to Bern and later settled in Zurich. Professor Antony Sutton argued in his book Wall Street and the Bolshevik Revolution that bankers from England, Sweden, the United States, and Germany provided Lenin with substantial financial support. William Boyce Thompson, a director of Chase Manhattan Bank, reportedly contributed $1 million, while Schiff is said to have contributed as much as $20 million.
http://www.reformed-theology.org/html/books/bolshevik_revolution/
Meanwhile, Trotsky was living in a luxury apartment in New York, complete with a private limousine and chauffeur, who was sometimes seen dropping him off at Schiff’s residence. In March 1917, with $10,000 in gold in his pocket, Trotsky and 300 revolutionaries left the United States by ship after the President had arranged a passport for him. He was arrested in Nova Scotia, but following orders from England he was released and continued on to Lenin in Switzerland. From there, with the assistance of Max Warburg, brother of Paul Warburg, they traveled by train through Germany to Russia.
The British had broken German codes as early as December 1914 and therefore had a good understanding of enemy submarine operations. In 1915, President Wilson’s close adviser, Colonel Edward Mandell House (a member of the American branch of Rhodes’s Round Table), met with Britain’s Foreign Secretary Lord Grey (a member of Rhodes’s inner circle). Grey asked what the United States would do if the Germans sank an American passenger ship, to which House replied that it would create enough public outrage to bring the United States into the war.
The Germans knew that the United States was planning to smuggle weapons to Britain aboard passenger ships and that an attack could be used as a pretext for entering the war. They therefore attempted to warn travelers through newspaper notices not to sail on the Lusitania. In May 1915, 1,200 people died after Churchill allegedly ordered the ship to reduce speed, whereupon it was deliberately routed through waters where the British knew German submarines were operating. The vessel was struck by a torpedo and sank.
Sutton claimed in America’s Secret Establishment that Alfred Gwynne Vanderbilt, a member of the secret society known as The Order, received a telegram on the morning the Lusitania departed that read:
”Lusitania is doomed. Do not travel on her!”
However, he did not receive the message in time and died in the attack.
The First World War and the Communists would kill millions, but the oligarchs had further plans in motion.
Michael Delavante, How the oligarchs deceive the masses – Part 7
