Difference between revisions of "The Money Trust"
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===Pujo Committee=== | ===Pujo Committee=== | ||
− | This power of the Money Trust was investigated in the US by the [[Pujo Committee]] from [[1912]] to[[1913]]. | + | This power of the Money Trust was investigated in the US by the [[Pujo Committee]] from [[1912]] to [[1913]]. The report unanimously declared that a small [[cabal]] of financiers had gained consolidated control of numerous industries through the abuse of the public trust. The chair of the [[US/House/Committee on Banking and Currency|House Committee on Banking and Currency]], Representative [[Arsène Pujo]] convened a special committee to investigate a "money trust", the ''de facto'' monopoly of Morgan and [[New York]]'s other most powerful bankers. The committee issued a scathing report on the [[banking]] trade, and found that the officers of [[J.P. Morgan & Co.]] also sat on the boards of directors of 112 corporations with a market capitalization of $22.5 billion (the total capitalization of the [[New York Stock Exchange]] was then estimated at $26.5 billion).<ref>{{Harvnb|Bruner|Carr|2007|p=148}}</ref> |
{{SMWDocs}} | {{SMWDocs}} | ||
==References== | ==References== | ||
{{reflist}} | {{reflist}} |
Revision as of 07:27, 10 December 2019
![]() ![]() (US Deep state) ![]() ![]() | |
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Headquarters | New York? |
Interest of | Charles August Lindbergh, Pujo Committee, Arsène Pujo |
Founder of | US/Federal Reserve |
The Money Trust was a name around the turn of the 20th century given to a cabal of bankers which gained increasing control over Wall St and the US economy, in particular after the passing of the Federal Reserve Act.
Contents
Exposure
Pujo Committee
This power of the Money Trust was investigated in the US by the Pujo Committee from 1912 to 1913. The report unanimously declared that a small cabal of financiers had gained consolidated control of numerous industries through the abuse of the public trust. The chair of the House Committee on Banking and Currency, Representative Arsène Pujo convened a special committee to investigate a "money trust", the de facto monopoly of Morgan and New York's other most powerful bankers. The committee issued a scathing report on the banking trade, and found that the officers of J.P. Morgan & Co. also sat on the boards of directors of 112 corporations with a market capitalization of $22.5 billion (the total capitalization of the New York Stock Exchange was then estimated at $26.5 billion).[1]
Events carried out
Event | Description |
---|---|
1907 Panic | John D. Rockefeller and J. P. Morgan conspired to remove opposition to control of the US money system by the money trust. |
Federal Reserve Act | The 1913 law which secured operational control of the US dollar for the US Deep state up to the present day. |
Related Quotations
Page | Quote | Author | Date |
---|---|---|---|
Louis McFadden | “Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through defects of the law under which it operates, through the maladministration of that law by the Federal Reserve Board and through the corrupt practices of the moneyed vultures who control it. From the Atlantic to the Pacific our country has been ravaged and laid waste by the evil practices of the Federal Reserve Board and the Federal Reserve banks and the interests which control them … This is an era of economic misery, and for the conditions that caused that misery, the Federal Reserve Board and the Federal Reserve banks are fully liable. | Louis McFadden | 1934 |
Woodrow Wilson/Deep state control | “This Wall Street cabal, with the aid of New Jersey political bosses, pushed for Woodrow Wilson to become Governor of New Jersey in November, 1910.
Within a few months, Cleveland Dodge opened a bank account in New York and an office at 42 Broadway to boom Wilson into the Presidency. The campaign bank account was opened with a check for $1,000 from Cleveland Dodge. Dodge then provided funds to mail out the True American of Trenton, New Jersey to 40,000 subscribers throughout the United States, followed by a regular two pages a week of promotional material on Wilson For President. Two-thirds of Wilson's campaign funds for the presidency came from just seven individuals, all Wall Streeters and linked to the very trusts Wilson was publicly denouncing.” | Antony Sutton |
Known members
13 of the 14 of the members already have pages here:
Member | Description |
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Nelson Aldrich | US Deep state operative, member of The Money Trust, attended the 1910 Jekyll Island meeting |
George Fisher Baker | The "Dean of American Banking", 3rd richest US citizen at his death |
Henry Davison | USDSO and banker who attended the 1910 Jekyll Island meeting |
Edward Mandell House | Woodrow Wilson’s handler |
J. P. Morgan | Ultra wealthy US deep politician whose The Money Trust ruthlessly dominated corporate finance and industrial consolidation there for decades. |
Charles Norton | USDSO |
Frank Peabody | |
William Rockefeller | Co-founded Standard Oil in 1870 with his more infamous brother, John D. Rockefeller. |
Jacob Schiff | |
Benjamin Strong | Member of The Money Trust, Governor of the Federal Reserve Bank of New York for the first 14 years of the Fed's existence |
Frank Vanderlip | Member of The Money Trust |
Felix Warburg | Super wealthy financier and deep politician. |
Paul Warburg | US deep politician named in the report of the Pujo Committee. Brother of Max Warburg. |
Events Planned
Event | Start | End | Location(s) | Description |
---|---|---|---|---|
Great Depression | 1929 | 1939 | US | A huge impoverishment of the US citizens, resulting from market manipulations by The Money Trust |
The Business Plot | 1933 | 1934 | A military takeover of the USA planned by The Money Trust. Never enacted due to the character of the man they ill advisedly chose to head it Smedley Butler, who foiled the plot and decreased the group's influence. |
Related Document
Title | Type | Publication date | Author(s) | Description |
---|---|---|---|---|
File:The Federal Reserve conspiracy by Antony C Sutton.pdf | book | Antony Sutton | Historical perspectives on the money trust including critique of Karl Marx |
References
- ↑ Bruner & Carr 2007, p. 148