- Wikipedia: panic of 1907
The huge influx of immigrants to the United States reached its peak in the first decade of the 20th century. It culminates in the middle of the 20th century. Among the many unskilled workers, there was a strong competition that was exploited by the Industrialists. Wages were getting lower and working conditions getting worse.
From Europe, socialist and communist ideas came from. Trade unions were founded. Social unrest and demonstrations against the rich and the banks were common.
In 1907 there was a panic on the stock exchange. More and more people tried to withdraw their deposits from the banks. More and more banks were in trouble. Now the big banks covered themselves with large stock packages and small banks were taken over. The market share of the major banks that survived became huge.
6 men met in a secret meeting on Jekyll Island to discuss how the heated Situation can be exploited
- Wikipedia: Jekyll Island Club
- Nelson Aldrich – leader of the Republican party in Congress, shareholder in J. P. Morgan Bank. Father-in-law of John D. Rockefeller Jr. and grandfather of the later US>Vice-President Nelson Rockefeller.
- Arthur Shelton, Aldrich’s Secretary and head of the National Monetary Commission.
- Abrahan Piatt Andrew, us Deputy Finance Minister.
- Fank A. Vanderlip, President of the National City Bank of New Xork.
- Henry Davison, main shareholder of the J. P. Morgan Company
- Paul Moritz Warbug, Director of Investment Bank M. M. Warburg & Co, at Kuhn, Loeb & co.
At that time, these individuals represented a fifth of the world’s wealth. The people involved wanted to strengthen their claim to power and solve the chronic lack of money of political leaders.
These individuals have entangled to a secret organization that pursues the common goal of constantly increasing their power and wealth.
The solution was the establishment of the Federal Reserve (FED) as the US national bank under the control of the US MoneyMonarchy.
Here, the pact was concluded between US political leaders and the US MoneyMonarchy.
It is interesting to note that the project was brought into Congress by the vain republican senator Nelson Aldrich as “Aldrich Bill”. Because of the familiar proximity of Aldrich to the financial world, the bill was rejected.
When the same bill was tabled by the two democrats Carter Glass and Robert L. Owen, it passed Congress.
The US MoneyMonarchy has always consisted of partisans of the republicans and democrats. US citizens have no choice, they always choose the US MoneyMonarchy.