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 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>
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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>
  
 
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==References==
 
==References==
 
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Revision as of 07:27, 10 December 2019

Group.png The Money Trust  
(US Deep state)Rdf-entity.pngRdf-icon.png
The Money Trust.jpg
HeadquartersNew York?
Interest ofCharles August Lindbergh, Pujo Committee, Arsène Pujo
Founder ofUS/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.

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

EventDescription
1907 PanicJohn D. Rockefeller and J. P. Morgan conspired to remove opposition to control of the US money system by the money trust.
Federal Reserve ActThe 1913 law which secured operational control of the US dollar for the US Deep state up to the present day.

 

Related Quotations

PageQuoteAuthorDate
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 McFadden1934
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:

MemberDescription
Nelson AldrichUS Deep state operative, member of The Money Trust, attended the 1910 Jekyll Island meeting
George Fisher BakerThe "Dean of American Banking", 3rd richest US citizen at his death
Henry DavisonUSDSO and banker who attended the 1910 Jekyll Island meeting
Edward Mandell HouseWoodrow Wilson’s handler
J. P. MorganUltra wealthy US deep politician whose The Money Trust ruthlessly dominated corporate finance and industrial consolidation there for decades.
Charles NortonUSDSO
Frank Peabody
William RockefellerCo-founded Standard Oil in 1870 with his more infamous brother, John D. Rockefeller.
Jacob Schiff
Benjamin StrongMember of The Money Trust, Governor of the Federal Reserve Bank of New York for the first 14 years of the Fed's existence
Frank VanderlipMember of The Money Trust
Felix WarburgSuper wealthy financier and deep politician.
Paul WarburgUS deep politician named in the report of the Pujo Committee. Brother of Max Warburg.

 

Events Planned

EventStartEndLocation(s)Description
Great Depression19291939USA huge impoverishment of the US citizens, resulting from market manipulations by The Money Trust
The Business Plot19331934A 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

TitleTypePublication dateAuthor(s)Description
File:The Federal Reserve conspiracy by Antony C Sutton.pdfbookAntony SuttonHistorical perspectives on the money trust including critique of Karl Marx
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References