"... Few Americans know of the betrayal that was plotted on Jekyll Island, Georgia, which was destined to defraud Americans of their wealth and opportunity, and would eventually lead to the subjugation of our great democratic experiment to a centralized global dictatorship.2
The Betrayal
In November of 1910, after having consulted with Rothschild banks in England, France, and Germany, Senator Nelson Aldrich3 boarded a private train in Hoboken, New Jersey. His destination was Jekyll Island, Georgia, and a private hunting club owned by J.P. Morgan.4
Aboard the train were six other men: Benjamin Strong, President of Morgan's Bankers Trust Company; Charles Norton, President of Morgan's First National Bank of New York; Henry Davidson, senior partner of J. P. Morgan; Frank Vanderlip, President of Kuhn Loeb's National City Bank of New York; A. Piatt Andrew, Assistant Secretary of Treasury; and Paul Warburg.5 The secret meeting, as described by one its architects, Frank Vanderlip, went as follows:
"There was an occasion near the close of 1910 when I was as secretive, indeed as furtive, as any conspirator. I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System."We were told to leave our last names behind us. We were told further that we should avoid dining together on the night of our departure. We were instructed to come one at a time... where Senator Aldrich's private car would be in readiness, attached to the rear end of the train for the South.
"Once aboard the private car, we began to observe the taboo that had been fixed on last names. Discovery, we knew, simply must not happen, or else all our time and effort would be wasted..."6
The goal was to establish a private bank that would control the national currency. The challenge was to slip the scheme by the representatives of the American people. Earlier, it had been called the Aldrich Bill and received effective opposition.
The devious planners of the revised bill titled it "The Federal Reserve Act" to mask its real nature. It would create a system controlled by private individuals who would control the nation's issue of money. Furthermore, the Federal Reserve Board, composed of twelve districts and one director (The Federal Reserve Chairman) would control the nation's financial resources by controlling the money supply and available credit, all by mortgaging the government through borrowing.
Divide and Conquer
The conspirators had a problem, however. President William Howard Taft had made it clear he would veto such a bill if it was introduced. They had to make sure he would not win reelection..." to continue reading
