The Men Who Spawn Depressions and Finance Wars

A dive into "Secrets of the Federal Reserve: The London Connection" by Eustace Mullins

Please watch this video. You’ll never see money the same.

Someone once said that the wealth of Rothschild consists of the bankruptcy of nations.

--Frederick Morton, The Rothschilds

Club House, Jekyl Island, Georgia

OVERVIEW

• Introduction

• Jekyl Island and the Federal Reserve

• World War I

• The Men Behind the Wars

• The House of Rothschild

• Cecil Rhodes and the Round Table

• Monopoly on World Finance

• Quotes

Introduction

"On the night of November 22, 1910, a group of newspaper reporters stood disconsolately in the railway station at Hoboken, New Jersey. They had just watched a delegation of the nation’s leading financiers leave the station on a secret mission. It would be years before they discovered what that mission was, and even then they would not understand that the history of the United States underwent a drastic change after that night in Hoboken. The delegation had left in a sealed railway car, with blinds drawn, for an undisclosed destination..."

Thus begins the first chapter in Eustace Mullins' Secrets of the Federal Reserve: The London Connection (download). In 1948, the poet Ezra Pound, who was being kept political prisoner in an insane asylum in Washington D.C., asked Mullins to do research at the Library of Congress on the Federal Reserve, and commissioned him to write a book about it. "Ezra Pound urged me to write it as a detective story, a genre which was invented by my fellow Virginian, Edgar Allan Poe." Mullins, a young man at the time who was on staff at the Library, was guided in his research by librarian George Stimpson, a very highly regarded resource of the city...

"I did research four hours each day at the Library of Congress, and went to St. Elizabeth’s Hospital in the afternoon. Pound and I went over the previous day’s notes. I then had dinner with George Stimpson at Scholl’s Cafeteria while he went over my material, and I then went back to my room to type up the corrected notes."

As Pound ran out of resources during his imprisonment, which would last thirteen and a half years before he was finally released, he could not continue to sponsor Mullins' research, thus Mullins was obliged to seek a publisher for the material he had already collected. The original book, Mullins on the Federal Reserve,  privately  published in 1952 by Kasper and Horton, two of Pound's disciples, "was the first nationally-circulated revelation of the secret meetings of the international bankers at Jekyl Island, Georgia, 1907-1910, at which place the draft of the Federal Reserve Act of 1913 was written." In 1955, Guido Roeder brought out  a German edition in Oberammergau. "The book was seized and the entire edition of 10,000 copies burned by government agents led by Dr. Otto John... The U.S. Government refused to intervene, because U.S. High Commissioner to Germany, James B. Conant ... had approved the initial book burning order. This is the only book which has been burned in Germany since World War II."

Mullins would continue his research through the years and decades that followed. In the forward to his later book, dated 1991 (the one I have chanced upon which can be read in full online), Mullins makes an astounding claim:

"American history in the twentieth century has recorded the amazing achievements of the Federal Reserve bankers. First, the outbreak of World War I, which was made possible by the funds available from the new central bank of the United States. Second, the Agricultural Depression of 1920. Third, the Black Friday Crash on Wall Street of October, 1929 and the ensuing Great Depression. Fourth, World War II. Fifth, the conversion of the assets of the United States and its citizens from real property to paper assets from 1945 to the present, transforming a victorious America and foremost world power in 1945 to the world’s largest debtor nation in 1990. Today, this nation lies in economic ruins, devastated and destitute, in much the same dire straits in which Germany and Japan found themselves in 1945."

Far from being an empty claim, the rest of the book details how each of these events came about, citing many sources and revealing a web of connections that led to this very situation.

Jekyl Island

The delegation that boarded the train in Hoboken in 1910 was led by Senator Nelson Aldrich, head of the National Monetary Commission which had been signed into existence only two years prior, in 1908, in reaction to the Panic of 1907. The National Monetary Commission had been charged with the task of, publicly, reforming the nation's monetary system. Instead, and unknown to all but a handful of elites, what was to become the Federal Reserve Act was a plan drawn up in private, by the very elite bankers themselves.

"If any genuine monetary reform had been prepared and presented to Congress, it would have ended the power of the elitist one world money creators," says Mullins. Instead, what was about to take place "...ensured that a central bank would be established in the United States which would give these bankers everything they had always wanted."

Aldrich was accompanied onto the train by the following five men:

• Shelton, Aldrich's private secretary

• A. Piatt Andrew, Assistant Secretary of the Treasury, and Special Assistant of the National Monetary Commission.

• Frank Vanderlip, president of the National City Bank of New York.

• Henry P. Davison, senior partner of J.P. Morgan Company, and generally regarded as Morgan’s personal emissary.

• Charles D. Norton, president of the Morgan-dominated First National Bank of New York.

Just before the train left the station they would be joined by Benjamin Strong (also known as a lieutenant of J.P. Morgan) and Paul Warburg, a recent immigrant from Germany who had joined the banking house of Kuhn, Loeb.

The party would begin their discussions as they made their way to their destination, Brunswick, Georgia, where Davison would somehow persuade a group of reporters waiting at the station to leave before the rest of the company disembarked. From there they would secretly make their way to Jekyl Island for a week of negotiations and planning.

"Picture a party of the nation’s greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily hieing hundred of miles South, embarking on a mysterious launch, sneaking onto an island deserted by all but a few servants..."

—Financial writer Bertie Charles Forbes, writing six years after the event

Paying for WWI

Europe which had long been left financially destitute by lenders’ and munitions manufacturers’ insistence that the various European countries maintain standing armies, was in no position to start a World War. They already had large national debts they could not pay. The financial predators needed some other country to capture in their scheme, and the US was the obvious choice.

"By 1900, it was obvious that the European countries could not afford a major war. They had large standing armies, universal military service, and modern weapons, but their economies could not support the enormous expenditures. The Federal Reserve System began operations in 1914, forcing the American people to lend the Allies twenty-five billion dollars which was not repaid, although considerable interest was paid to New York bankers. The American people were driven to make war on the German people, with whom we had no conceivable political or economic quarrel."

"It is now apparent that there might have been no World War without the Federal Reserve System. A strange sequence of events, none of which were accidental, had occurred. Without Theodore Roosevelt’s 'Bull Moose' candidacy [financed by the bankers], the popular President Taft would have been reelected, and Woodrow Wilson would have returned to obscurity. If Wilson had not been elected, we might have had no Federal Reserve Act, and World War One could have been avoided. The European nations had been led to maintain large standing armies as the policy of the central banks which dictated their governmental decisions."

With the war still afoot in Europe, Wilson would be reelected for a second term under the slogan, “He kept us out of the war.” The public was unaware that the Federal Reserve Act he signed into law during his first term had allowed the war to happen in the first place. They were also not privy to the fact that ten months prior to his reelection he’d made a secret agreement to enter the war:

"Ten months before the election which returned Wilson to the White House in 1916 ‘because he kept us out of war’, Col. House negotiated a secret agreement with England and France on behalf of Wilson which pledged the United States to intervene on behalf of the Allies. On March 9, 1916, Wilson formally sanctioned the undertaking."

—George Sylvester Viereck, The Strangest Friendship in History, Woodrow Wilson and Col. House, p. 106. (As quoted by Mullins)

Prior to presidency, Wilson had been a liberal university professor of no special significance. He seem to have been sincere in his views and to have wanted nothing more than to see his idealistic socialist dream to come to be manifested in the world. But it was Col. House who recruited him on behalf of the banking elite and guided him throughout his presidential career. House, not Wilson, was the prime mover. I sympathize with poor Wilson. He was not a strong personality and seemed to have been nudged into things he had no idea of. Later he would express deep regrets for what he was instrumental in allowing to happen during his presidency. (See Quotes at the end.)

The Men Behind the Wars

The documentary film below, Revealed; the Men Who Own and Run the U.S. Government, tells how the international bankers created repeated financial panics that led to public support for a central bank, something which had been rejected over and over in America since the days of the Independence.

The film also documents the connection between Rockefeller Standard Oil and the German chemical conglomerate IG Farben, who together would make Nazi exploits possible including the production of explosives, Zyklon B nerve gas, the industry of Auschwitz, and the holocaust. It shows how the men behind the scenes—who principally in early 20th century America were the Rockefellers, the Warburgs and the Morgans, with the Rothschilds orchestrating behind them all from London—instigated WWI, WWI, the Great Depression, the Vietnam War, 9-11, and the War on Terrorism leading to the Iraqi and Afgani wars.

The Monopoly of the House of Rothschild

What the film above goes into little detail about is how the history of the Rothschilds' monopoly of the world's financial systems goes back to before the American Revolutionary war, and that the principal financial and industrial powers of America in 1910 and today answer to the London Branch of the House of Rothschild and the Bank of England which it controls. 

Mullins quotes an article by John Moody entitled "The Seven Men" which appeared in McClure's Magazine (August, 1911, p. 418):

"Seven men in Wall Street now control a great share of the fundamental industry and resources of the United States. Three of the seven men, J.P. Morgan, James J. Hill, and George F. Baker, head of the First National Bank of New York belong to the so-called Morgan group; four of them, John D. and William Rockefeller, James Stillman, head of the National City Bank, and Jacob H.Schiff of the private banking firm of Kuhn, Loeb Company, to the so-called Standard Oil City Bank group... the central machine of capital extends its control over the United States..."

Mullins comments that:

"What John Moody did not know, or did not tell his readers, was that the most powerful men in the United States were themselves answerable to another power, a foreign power, and a power which had been steadfastly seeking to extend its control over the young republic of the United States since its very inception. This power was the financial power of England, centered in the London Branch of the House of Rothschild. The fact was that in 1910, the United States was for all practical purposes being ruled, from England, and so it is today. The ten largest bank holding companies in the United States are firmly in the hands of certain banking houses, all of which have branches in London. They are J.P. Morgan Company, Brown Brothers Harriman, Warburg, Kuhn Loeb and J. Henry Schroder. All of them maintain close relationships with the House of Rothschild, principally through the Rothschild control of international money markets through its manipulation of the price of gold. Each day, the world price of gold is set in the London office of N.M. Rothschild and Company."

Cecil Rhodes and the Round Table(s)

“I contend that we are the first race in the world, and that the more of the world we inhabit the better it is for the human race. Just fancy those parts that are at present inhabited by the most despicable specimen of human being, what an alteration there would be in them if they were brought under Anglo-Saxon influence…if there be a God, I think that what he would like me to do is paint as much of the map of Africa British Red as possible…”

--Cecil Rhodes, seventh prime minister of South Africa and co-founder along with Lord Rothschild of the secret society of the Round Table in 1891, (Writing in 1877, in a paper for Oxford)

Cecil Rhodes was an avowed British imperialist and diamond exploiter in South Africa who saw the establishment of the "superior" Anglo-Saxon race as the leaders of the world as only natural.

In 1981, along with his banker Lord Rothschild, Rothschild in-law Lord Rosebery, and Lord Curzon, Rhodes established the Round Table. Mullins writes:

"Dr. Carrol Quigley refers to this group as 'The British-American Secret Society' in Tragedy and Hope, stating that 'The chief backbone of this organization grew up along the already existing financial cooperation running from the Morgan Bank in New York to a group of international financiers in London led by Lazard Brothers (in 1901).'"

(Quigley’s Tragedy and Hope is a tediously long, scholarly work which most people would not care to slog through. Joseph Plummer has written an excellent synopsis in his book, Tragedy and Hope 101. I highly recommend.)

Monopoly on World Finance

Mullins delves deep into the origins and development of liaisons between the most prominent New York banking companies and the Rothschilds in London. All of them established primary branches in London. One of the most influential of these was J.P. Morgan, which one might call the secret arm of Rothschild in America.

"The pre-eminence of J.P. Morgan and the Brown firm in American finance can be dated to the development of Baltimore as the nineteenth century capital of the slave trade. Both of these firms originated in Baltimore, opened branches in London, came under the aegis of the House of Rothschild, and returned to the United States to open branches in New York and to become the dominant power, not only in finance, but also in government.... "

Thus it is that from London, the most powerful banking institutions in the United States were controlled. This influence would extend to every sector of American society, including every branch of government, education from primary schools to Ivy League universities, the military-industrial complex and industry of all kinds, medicine and pharmaceuticals, and not least, the media from which we get our ideas of what is happening in the world. Thus our perceptions of what happened in WWI, the Great Depression, WWII and every war, depression, crisis, epidemic and election since has been severely manipulated. And this is not just true in America. The public everywhere has been kept blindfolded while a murderous clan of extremely powerful people has sent them into one war after another. Soldiers, and humanity itself, are seen as nothing more than cannon fodder for advancement of the macabre enterprises of the very rich.

History is taught in schools as a series of accidental crisis and wars with no overall underlying impulse behind it, like a mélange of meaningless, unconnected developments. Another view of history sees that the majority of major events of recent centuries are carefully planned and calculatedly executed for reasons that are rarely even mentioned. Ralph Epperson has been on the trail of this version of history ever since he got out of college in the 1960s. I was delighted to discover him while researching this article. He’s down to earth and refreshingly human.

—Watch The Conspiratorial View of World History with Ralph Epperson, author of The Unseen Hand

Quotes:

Woodrow Wilson

“Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the U.S., in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.”

--Woodrow Wilson, The New Freedom, 1913

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

--Woodrow Wilson, 1916

On the Federal Reserve Act, signed into law by Woodrow Wilson in 1913

“THIS ACT ESTABLISHES THE MOST GIGANTIC TRUST ON EARTH. WHEN THE PRESIDENT SIGNS THIS ACT THE INVISIBLE GOVERNMENT BY THE MONEY POWER, PROVEN TO EXIST BY THE MONEY TRUST INVESTIGATION, WILL BE LEGALIZED.”

--Congressman Charles A. Lindbergh Sr. (father of the famed aviator)

“When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by International Bankers and international industrialists acting together to enslave the world for their own pleasure. Every effort has been made by the Fed to conceal its powers, but the truth is – the fed has usurped the  [U.S.] Government. It controls everything here, and it controls our foreign relations. It makes and breaks governments at will.”

--Louis T. McFadden, Chairman of the House Committee on Banking and Currency between 1920 an 1931

Concerning the banking system

"The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government since the days of Andrew Jackson.... The country is going through a repetition of Jackson's fight with the Bank of the United States--only on a far bigger and broader basis."

--Franklin Roosevelt

"We know now that Government by organized money is just as dangerous as Government by organized mob..."

--Franklin Roosevelt, 1936  (see article)

On the relationship between the capitalism of the banking elite and the communism they financed

“Let me issue and control a nation’s money and I care not who writes the laws.”

--Amschel Mayer Rothschild, 1790

"THERE ALSO EXISTS ANOTHER ALLIANCE – AT FIRST GLANCE A STRANGE ONE, A SURPRISING ONE – BUT IF YOU THINK ABOUT IT, IN FACT, ONE WHICH IS WELL GROUNDED AND EASY TO UNDERSTAND. THERE IS THE ALLIANCE BETWEEN OUR COMMUNIST LEADERS AND YOUR CAPITALISTS.”

--V.I. Lenin, who received aid from bankers in New York and London to overthrow the Russian government, 1917

“There does exist and has existed for a generation, an international network which operates, to some extent, in the way the radical right believes the Communists act. In fact, this network, which we have may identify as the Round Table Groups, has no aversion to cooperating with the Communists, or any other groups, and frequently does so. I know of the operations of this network because I have studied it for twenty years and was permitted for two years, in the early 1960s, to examine its papers and secret records. I have no aversion to it or to most of its aims, and have, for much of my life, been close to it and to many of its instruments. I have objected, both in the past and recently, to a few of its policies, but in general my chief difference of opinion is that it wishes to remain unknown, and I believe its role in history is significant enough to be known.”

–Professor Carroll Quigley (Bill Clinton’s mentor at Georgetown University), Tragedy and Hope, 1966

“THE HIGH OFFICE OF THE PRESIDENT HAS BEEN USED TO FOMENT A PLOT TO DESTROY THE AMERICAN’S FREEDOM AND BEFORE I LEAVE OFFICE, I MUST INFORM THE [U.S.] CITIZEN OF THIS PLIGHT.”

 – U.S. President John F. Kennedy, 1961, 10 days before his assassination

“George Bush has been surrounding himself with people who believe in one-world government. They believe that the Soviet system and the American system are converging.”

--David Funderburk, former U.S. Ambassador to Romania, to a North Carolina audience, Oct. 29, 1991

On one-world government

"We shall have world government whether or not you like it – by conquest or consent."

--James Warburg,  international financier and member of the Council on Foreign Relations (American branch co-heir to the interests of the secret Round Table), to a Senate Foreign Relations Subcommittee, February 7, 1950

"Whereas, in order to achieve universal peace and justice, the present Charter of the United Nations should be changed to provide a true world government constitution."

-- The Senate Foreign Relations Subcommittee, February 9, 1950, in the opening clause to  Senate Concurrent Resolution #66

“We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries."

--David Rockefeller, June 1991, at a Bilderberg meeting in Baden, Germany

“Today Americans would be outraged if U.N. troops entered Los Angeles to restore order; tomorrow they will be grateful! This is especially true if they were told there was outside threat from beyond, WHETHER REAL OR PROMULGATED, that threatened our very existence. IT is then that all peoples of the world will plead with world leaders to deliver them from evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well being granted to them by their world government.”

--Former Secretary of State Henry Kissinger, in an address to the Bilderberg organization meeting in Evian, France, May 21, 1992

"This present window of opportunity, during which a truly peaceful and interdependent world order might be built, will not be open for too long…We are on the verge of a global transformation. All we need is the right major crisis, and the nations will accept the new world order.”

--David Rockefeller, speaking at the United Nations Ambassador's dinner, September 23, 1994

Tobin Owl is an independent researcher/writer. Over the past three years he’s conducted in-depth investigation focusing on the history of modern medicine, medical science, geopolitical conspiracy and the environment.