Did The Sinking of The Titanic Help Create The Federal Reserve?

A few days ago, we did a story about an Oxford author who wrote a book where he claimed he could prove that it was The Olympic, Titanic‘s sister ship, that actually sunk in the freezing waters of the north Atlantic, instead of the famed Titanic (you can read that article here).

Once we posted the article, we received lots of information about another theory that surrounds the Titanic – the most popular being that the Titanic sinking killed the only men who were opposed to the creation of The Federal Reserve. A simple google search of any combination of the phrases Jekyll Island Duck Hunt, The Titanic, and The Federal Reserve provides plenty of information on the theory. Though many articles are very informative, two have stuck out as having the most fascinating information.

The first is an article from Jekyll Island History [1]:

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In October of 1907 several banking firms, starting with the Knickerbocker Trust Company of New York, collapsed as depositors withdrew funds for fear of unwise investments and misuse of money. Lines of people waited in front of the Knickerbocker to close their accounts. Days later, the Trust Company of America had droves of depositors removing their money. Then, shortly thereafter, a run took place at the Lincoln Trust Company. Across the country apprehension that the panic would continue to spread occurred. In the fall of 1907 the United States was in a recession, it’s banking system lacked a lender of last resort mechanism, and an intricate network of directorships, loans, and collateral bonded the fate of many financial institutions together.

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Several banking leaders including Jekyll Island Club members George F. Baker, president of the First National Bank, and James Stillman, president of National City Bank, met with financier J. Pierpont Morgan and began examining the assets of the troubled institutions. A decision was made to offer loans to any of the banks that were solvent. The secretary of the treasury George B. Cortelyou was eager to divert the situation and offered the New York bankers use of government funds to help prevent an economic disaster. President Theodore Roosevelt, while the panic of 1907 transpired, was on a hunting trip in Louisiana.

Ron Chernow in his book The Death of the Banker offers this account of the 1907 Panic, “In the following days, acting like a one-man Federal Reserve system, [J. Pierpont] Morgan decided which firms would fail and which survive. Through a non stop flurry of meetings, he organized rescues of banks and trust companies, averted a shutdown of the New York Stock Exchange, and engineered a financial bailout of New York City.” In the end, the panic was blocked and several young bankers including Henry P. Davison and Benjamin Strong Jr. were recognized for their work organizing personnel and determining the liquidity of the banks involved in the crises. In 1908 J. Pierpont Morgan asked Henry P. Davison to become a partner in his firm J. P. Morgan & Co. and in 1914 Benjamin Strong Jr. was selected to be the first president of the Federal Reserve Bank of New York.

Soon after the 1907 panic, Congress formed the National Monetary Commission to review banking policies in the United States. The committee, chaired by Senator Nelson W. Aldrich of Rhode Island, toured Europe and collected data on the various banking methods being incorporated. Using this information as a base, in November of 1910 Senator Aldrich invited several bankers and economic scholars to attend a conference on Jekyll Island. While meeting under the ruse of a duck-shooting excursion, the financial experts were in reality hunting for a way to restructure America’s banking system and eliminate the possibility of future economic panics.

The 1910 “duck hunt” on Jekyll Island included Senator Nelson Aldrich, his personal secretary Arthur Shelton, former Harvard University professor of economics Dr. A. Piatt Andrew, J.P. Morgan & Co. partner Henry P. Davison, National City Bank president Frank A. Vanderlip and Kuhn, Loeb, and Co. partner Paul M. Warburg. From the start the group proceeded covertly. They began by shunning the use of their last names and met quietly at Aldrich’s private railway car in New Jersey. In 1916, B. C. Forbes discussed the Jekyll conference in his book Men Who Are Making America and illuminates, “To this day these financiers are Frank and Harry and Paul [and Piatt] to one another and the late Senator remained ‘Nelson’ to them until his death. Later [, following the Jekyll conference,] Benjamin Strong, Jr., was called into frequent consultation and he joined the ‘First-Name Club’ as ‘Ben.'” This book as well as a magazine article by Forbes is the only public mention to the conference until around 1930, when Paul Warburg’s book The Federal Reserve System: Its Origin and Growth and Nathaniel Wright Stephenson’s book Nelson W. Aldrich: A Leader in American Politics were published.

Nathaniel Stephenson, in the Notes section of his biography on Senator Aldrich, suggests that B.C. Forbes learned of the Jekyll conference from an incident taking place at the Brunswick train depot. Stephenson writes, “In the station at Brunswick, Ga., where they ostentatiously talked of sport, the station master gave them a start. ‘Gentleman,’ said he, ‘this is all very pretty, but I must tell you we know who you are and the reporters are waiting outside.’ But Mr. Davison was not flustered. ‘Come out, old man,’ said he, ‘I will tell you a story.’ They went out together. When Mr. Davison returned he was smiling. ‘That’s all right,’ said he, ‘they won’t give us away.’ The rest is silence. The reporters disappeared and the secret of the strange journey was not divulged. No one asked him how he managed it and he did not volunteer the information.” From the Brunswick train station the men boarded a boat and traveled on to Jekyll Island.

The Jekyll Island conference offered a secluded location to discuss banking ideas and enabled the development of a plan that eventually became the Federal Reserve Banking System. The Federal Reserve System is the name given to the twelve central banks regulating America’s banking industry and it insures that depositors will not lose their money in the event of funds mismanagement from an accredited bank. Paul Warburg in his book The Federal Reserve System: Its Origin and Growth explains the reason for secrecy behind the meeting. He states, “It is well to remember that the period during which these discussions took place was the time of the struggle of the financial Titans- the period of big combinations [of businesses], with bitter fights for control. All over the country there was a deep feeling of fear and suspicion with regard to Wall Street’s power and ambitions.”

Obtaining permission from J. Pierpont Morgan to use the facilities of the Jekyll Island Club, the conference attendees most likely resided in the clubhouse for about ten days. The meeting required long days and late nights of contemplation and reflection. European banking practices were assessed and numerous conversations held regarding the best way to craft a non-partisan banking reform bill. Paul Warburg in the book Henry P. Davison: The Record of a Useful Life recalls, “After we had completed the sketch of the bill, and before setting down to its definitive formulation, it was decided that we had earned ‘a day off’ which was to be devoted to duck shooting.” The Jekyll Island Club was originally formed in 1886 as a hunting preserve and in the 1910s was well stocked with animals such as pheasants and wild hogs. Several ponds on the island attracted numerous game birds and wild ducks.

William Barton McCash and June Hall McCash in the book The Jekyll Island Club: Southern Haven for America’s Millionaires offers this narrative of the Jekyll conference. They mention, “How long the surreptitious meeting lasted is uncertain, although the group spent Thanksgiving on the island, where they dined on ‘wild turkey with oyster stuffing.’ They worked throughout the day and night, taking only sporadic time out to explore Jekyl and enjoy its delights. Aldrich and Davison were both so taken with…[Jekyll Island]… that they joined the club in 1912.”

For years members of the Jekyll Island Club would recount the story of the secret meeting and by the 1930s the narrative was considered a club tradition. The conference’s solution to America’s banking problems called for the creation of a central bank. Although Congress did not pass the reform bill submitted by Senator Aldrich, it did approve a similar proposal in 1913 called the Federal Reserve Act. The Federal Reserve System of today mirrors in essence the plan developed on Jekyll Island in 1910.

The second, from World Mysteries, attempts to tie it all together [2]:

What was the real story behind the sinking of the Titanic? The book ‘The Secret Terrorists’ printed by Truth Triumphant Ministries and reprinted by Tree of Life Resources places blame squarely on the Roman Catholic Order known as the Jesuits. ‘The greatest tragedies in the last 200 years can be traced to the Jesuits.’
Founded in 1540, the Society of Jesus grew rapidly within the Catholic Church. They were confessors to the ruling families of Europe. They defend the Pope and Catholicism around the world in nearly every country. In 1773, Clement XIV suppressed the Jesuits. In 1814, Pope Pius VII responded to pressure and restored the Society. There are Jesuit colleges and ministries today. They are a very influential organization. Jesuits are dedicated to furthering Catholicism and the power of the Pope. Yet…there is a secret, negative side to this organization called ‘the Society of Jesus.’ For hundreds of years they carried out religious killings. They were the men in dark cloaks who carried daggers. (Were they the religious CIA for their time?)
In 1910, seven men met on Jekyll Island just off the coast of Georgia to plan the Federal Reserve Bank. Nelson Aldrich and Frank Valderclip represented the Rockefeller financial empire. Henry Davidson, Charles Norton and Benjamin Strong represented J.P. Morgan. Paul Warberg represented the Rothschilds Banking dynasty of Europe. The Rothschilds were the banking agents for the Jesuits and hold ‘the key to the wealth of the Roman Catholic Church.’
The Morgan gang, the Rothschilds gang and the Rockefeller gang were fierce competitors yet entered joint ventures. They established the national banking cartel called the Federal Reserve System….according to G. Edward Griffin in ‘The Creature From Jekyll Island (American Opinion Publishing P. 209). A review of this book stated: ‘It tells a story of how bankers have lured politicians with easy money and end up in control of most of the world.’
[This writer travelled to Jekyll Island in 1970 with his college tennis team. I had such a beautiful moment there one night: I was alone and drawn to a lighthouse. There stood deer in the darkness drinking from a pond. In the moonlight, it was a sight I’d never forget. Little did I realize that this wonderful, winter-resort for the rich had an evil history. Jekyll Island was properly named].
The Rothschilds, Morgans and Rockefellers are controlled by the Jesuit Order. The most powerful of families ‘do whatever is necessary to destroy constitutional liberty in America and bring the Pope to world domination.’ Construction of the Titanic began in 1909; at a shipyard in Belfast, Ireland. Belfast was Protestant and hated by the Jesuits. Morgan took control of the White Star Lines. The Jesuits ordered J.P. Morgan to build the Titanic. From the very beginning of the luxury liner, the Titanic was destined for doom.
There were a number of powerful men who were NOT in favor of the Federal Reserve System. Benjamin Guggenheim, Isa Strauss and John Jacob Astor opposed the formation of a F.R.S. These men were arguably the richest men in the world and stood in the way of the Jesuits’ plan. ‘These three men were coaxed and encouraged to board the floating palace.’ Not only were these enemies of the Jesuits against a Federal Reserve Bank, but they would have used their wealth and influence to oppose World War I.
This was the ‘maiden’ voyage of the greatest ship ever built. The ‘unsinkable’ campaign assured passengers of comfortable safety. Many Irish, French and Italian Catholics were on board. Protestants from Belfast were also encouraged to immigrate to the United States on the Titanic. These were ‘expendable’ people; for the most part. But, the real reason for the ship’s destruction was a game between the super rich whereby Guggenheim-Strauss-Astor could be eliminated. ‘They had to be destroyed by a means so preposterous that no one would suspect they were murdered, and no one would suspect the Jesuits.’
The Captain of the Titanic was Edward Smith. He was a Jesuit and worked for J.P. Morgan. Anyone could be a Jesuit and their identity not be known. >From National Geographic ‘The Secrets of the Titanic,’ (1986):
When the ship departed southern England, on board was Francis Browne. He was the most powerful Jesuit in all of Ireland and the ‘Jesuit Master of Edward Smith.’ ‘Here is Jesuit treachery at its finest. The provincial Father Francis Browne boards the Titanic, photographs the victims, most assuredly briefs the Captain concerning his oath as a Jesuit, and the following morning bids him farewell…’ Eric J. Phelps, Vatican Assassins Halcon Unified Services. P. 247.
Captain Smith believed this high-ranking ‘Jesuit General’ was God. Browne instructed him on what to do in the North Atlantic waters. ‘Edward Smith was given orders to sink the Titanic and that’s exactly what he did.’ According to Jesuit secret philosophy: The innocent can be massacred for the greater good; the ends justifies the means.
Captain Smith had been traveling the North Atlantic for 26 years. He was the ‘world’s most experienced master’ in these cold waters. The Captain knew all along that his ship was built for the enemies of the Jesuits. Its purpose was always to be a ‘deathship’ and sink on its first voyage. Captain Smith also knew exactly where the icebergs were. Under secret orders, he propelled the Titanic full speed at 22 knots on a moonless night and through a huge ice field 80 square miles in area! He had been ‘given orders from his God in the Vatican, and nothing would turn him from his course.’
Captain Smith’s actions in his last hours were not those of a strong leader. He seemed as if he was wrestling with his conscience. Should he be the brave sea captain or obey his master and sink the ship?
There were purposely not enough lifeboats. Many of the lifeboats only had a few passengers of women and children during the emergency. White distress flares were jettisoned. Passing ships thought those aboard the Titanic were having a party. The distress flares should have been red. These examples were not because of an arrogant crew who believed the Titanic was unsinkable. These shortcomings were planned.
Those richest of men, who opposed the Federal Reserve System, were killed along with the middle and lower classes. John Jacob Astor’s wife was rescued. Molly Brown was also saved. The sinking of the Titanic was possibly the greatest disaster of the 20th Century outside of the World Wars. According to ‘The Secret Terrorists,’ the cause of this tragedy was the Jesuit Order of the Roman Catholic Church.
‘The unsinkable ship, the floating palace was created to be a tomb for the wealthy, who opposed the Federal Reserve System. On April 14th (the same date in history as the assassination of Abraham Lincoln) of 1912, the Titanic struck an iceberg and all opposition to the Federal Reserve was eliminated. In December of 1913, the Federal Reserve System came into being in the United States. Eight months later, the Jesuits had sufficient funding through the Federal Reserve Bank to begin World War I.’ Notice the F.R.S. was established soon after the disaster of the Titanic.
The rich have always created unnecessary wars where the poor have to fight and die. The pages of ‘The Secret Terrorists’ do not specifically name the Templars, Freemasons or Illuminati. But these Secret Societies are related and do control: The banks; the money system; the oil companies; corporations; governments; the politicians; the military; the police; the law and judicial system; the churches; the schools; the media, etc., etc…
The rich and powerful have always ruled the world. The elite make the news; they create the great, international events. William Randolph Hearst invented the news and printed his propaganda in his paper.
It was the rich that purposely crashed the Stock Market in 1929 and caused the suffering of the Great Depression. The super rich had a highly-profitable, financial day during the Crash. It was the lesser-rich, want-to-be investors who lost everything.