The Money Trust

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Group.png The Money Trust  
(US Deep state)Rdf-icon.png
HeadquartersNew York?
Interest ofAntony Sutton

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.

Pujo Committee

This power of the Money Trust was investigated in the US by the Pujo Committee in 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 House Committee on Banking and Currency, Representative Arsène Pujo, (DLa. 7th) 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]


 

An event carried out

EventDescription
1907 PanicA calculated move to remove opposition to control of the US money system by the money trust.

 

Related Quotation

PageQuoteAuthor
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.”
Anthony Sutton


References


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