The Money Trust

The Money Trust   (US Deep state)
Headquarters	New York?
Interest of	Charles August Lindbergh, Pujo Committee, Arsène Pujo
Founder of	US/Federal Reserve
Membership	•  Nelson Aldrich •  George F. Baker •  Henry P. Davison •  Edward House •  J. P. Morgan •  Charles D. Norton •  Jacob Schiff •  James Stillman •  Frank E. Peabody •  William Rockefeller •  Benjamin Strong •  Frank Vanderlip • 40px Felix Warburg •  Paul Warburg

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.

Activities

A 1907 cartoon of J. P. Morgan seizing control of banks

The activities of the Money Trust were focused not only on self-enrichment, but on securing their privilege by using control of the US government to implement legal protections. Often they were duplicitous in playing both sides and misrepresenting their purposes.

1907 Panic

Full article: 1907 Panic

The Money Trust organised the 1907 Panic. This strengthened their control over Wall St by enriching the trust's members, who had advance warning, and by impoverishing or bankrupting others, notably Frederick Heinze who was not member of the cabal.

The Aldrich Plan

Full article: The Aldrich Plan

The Aldrich Plan aimed to wrest control over the production of money from the US government and place it under control of The Trust. It was defeated.

1913 Federal Reserve Act

Full article: Federal Reserve Act

After The Aldrich Plan failed, it was rebranded as the Federal Reserve System, which paid more attention to the appearance of federalisation, but was essentially similar. Some Money Trust members publicly opposed it, in order to hide this fact. The Federal Reserve Act was passed just before Christmas, 1913, when many senators had already gone home for Christmas.

Leadership

At least in terms of wealth, J. P. Morgan led The Money Trust.

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).

 

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. The imperial power of elasticity of the public currency is wielded exclusively by the central corporations owned by the banks. This is a life and death power over all local banks and all business. It can be used to create or destroy prosperity, to ward off or cause stringencies and panics. By making money artificially scarce, interest rates throughout the Country can be arbitrarily raised and the bank tax on all business and cost of living increased for the profit of the banks owning these regional central banks, and without the slightest benefit to the people. The 12 Corporations together cover and monopolize and use for private gain every dollar of the public currency and all public revenue of the United States. Not a dollar can be put into circulation among the people by their Government, without the consent of and on terms fixed by these 12 private money trusts.'”	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
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

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