What
would you think if a CNN Breaking News announcement interrupted the regular
program and a reporter appeared announcing that the US Assistant Secretary of
the Treasury, a US Senator, and five high level officers of the largest banks
in America had been discovered secretly meeting to create a system in which
private banks would take control of the entire monetary system of the USA?
In
November 1910, CNN did not exist, but the meeting described above took place.
The men traveled by private train to a private resort owned by J. P. Morgan at Jekyll Island off the Georgia coast.
Those present were:[i]
(1) Frank Vanderlip, President of Rockefeller’s
National City Bank of New York.
(2) Henry P. Davidson, senior partner of J. P. Morgan & Co.
(3) Charles D. Norton, President of Morgan-controlled First National Bank of
New York.
(4) Benjamin Strong, Vice President of Morgan-controlled Bankers Trust.
(5) Paul Warburg, a German immigrant and
senior partner of Kuhn Loeb & Co.
(6) A. Platt Anderson, Assistant Secretary of the Treasury of the United States.
(7) Senator Nelson Aldrich, chairman of the
Senate Finance Committee, and father-in-law
of John D. Rockefeller, Jr.
Warburg’s
plan proposed the creation of the Federal
Reserve Association, an association with twelve member banks whose stock would be owned by private stockholders.
The Federal Reserve Association would control the nation’s money and credit; it
would be a bank of issue, meaning the private
bankers would be able to create currency or money at will, and it would finance
the Government by securing credit in times of war. Senator Aldrich later
admitted the agenda in a magazine article:
Before passage
of this Act, the New York Bankers could only dominate the reserves of New York.
Now we are able to dominate bank reserves of the entire country.[ii]
Contrary to what many Americans
believe -- the Federal Reserve System is
not a government agency. It is a private corporation completely owned by
commercial banks. What do you believe is their top priority – making the most money or increasing the quality
of life for the most Americans?
The one thing I can’t figure out is why so many Americans
have bought into the mantra – “the less
government regulation the better off America will be.” Who do you think
benefits the most from less regulation? Could it be –
Banks that are too big to fail!
&
Bankers that are too powerful to prosecute!
Or,
as US Attorney General Eric Holder said:
"I am concerned that the size of
some of these institutions becomes so large that it does become difficult for
us to prosecute them when we are hit with indications that if you do prosecute,
if you do bring a criminal charge, it will have a negative impact on the
national economy, perhaps even the world economy."[iii]
Now
that’s the ideal situation for an elite few – but I don’t think it is what the Founding Fathers had in mind when they
created our great nation. Tocqueville predicted that if American citizens failed to voluntarily associate together to achieve great
things by participating in the governing process, the following will happen:
(1) Wealthy and powerful men would come to
control the governing process and use it to increase their power and wealth.
(2) Individuals will become powerless because
they dependent on wealthy and powerful individuals.
(3) Freedom and liberty will be in great
jeopardy and the existence of the nation will be endangered.
Cogitate on that
awhile!
The
Country Cogitator
