The Global Bankers’ FDR: US Federal Reserve (part 2 of 5)

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Toomas Trei
Activist Post

On November 22, 1910, Senator Nelson Aldrich, head of the National Monetary Commission, who had studied the European Rothschild and Warburg banks in order to help ‘stabilize’ the U.S. banking system, took a group of international banking representatives by sealed train to a secret meeting on secluded Jekyll Island in Georgia to strategize as to how a U.S. central bank could be created.

Participants included Paul Warburg of Kuhn and Loeb, and representatives for Morgan, Rothschild, Rockefeller and Warburg banks, including Frank A. Vanderlip (President of National City Bank of New York, the forerunner to Citibank) who summarized; “… was an occasion near the close of 1910 when I was as secretive, indeed as furtive as any conspirator … I do not feel it any exaggeration to speak of our expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System”.[1]

Since President Taft had stated he would veto any central banking legislation, the proponents for this system devised a plan. By running Teddy Roosevelt as a third party Presidential candidate in the 1912 election they were able to reduce Taft votes, enabling the idealistic but malleable Democratic Party candidate, (former president of Princeton University) Woodrow Wilson, to become President. FDR, a rising Democratic Party figure would have seen how political events could be molded to deliver desired outcomes.

In Wilson’s first year as president, FDR, as a member of Wilson’s staff, would have witnessed the announcement of the Underwood Tariff in October 1913, among which its many provisions introduced a ‘small income tax’. FDR would have witnessed even more skullduggery at the end of Wilson’s first year of office when just before Christmas, the Federal Reserve Act, (hidden in the Glass-Owen Bill), was rushed through Congress and the Senate on December 22, and then signed into law on December 23, by Woodrow Wilson at the urgent insistence of financier Bernard Baruch and advisor Colonel Edward Mandell House.[2] The next day, December 24, 1913, Jacob Schiff wrote to Col. House, “My dear Col. House. I want to say a word to you for the silent, but no doubt effective work that you have done in the interest of currency legislation and to congratulate you that the measure has finally been enacted into law. I am with good wishes, faithfully yours, JACOB SCHIFF.”[3]

The announcement of the Federal Reserve was supposed to give the United States government a central bank and financial stability. However, monetary control had now been given to private bankers as the U.S. Congress no longer had the ability to coin money, (as set forth in the U.S. Constitution), and Federal Reserve decisions no longer needed to be ratified by the President. In reality, this Act turned U.S. citizens over to the profit making capabilities of private international banks controlled by Warburg, Schiff, Rothschild, Rockefeller and Morgan interests.

G. Edward Griffin quoted Paul Warburg, an early advocate of central banking and appointee to the Federal Reserve Board; “While technically and legally the Federal Reserve note is an obligation of the United States Government … the Government could only be called upon to take them up [on their obligation] after the reserve banks had failed.”  The reserve banks thus take the profit, while the taxpayers take the losses![4]

Woodrow Wilson later recognized what he had done and wrote into the 76th Congressional record in 1916, “Our system of credit is concentrated. The growth of the nation therefore and all our activities, are in the hands of a few men.”[5]

RUSSIA

After several attempts on his life, Alexander II was assassinated in 1881. Kuhn and Loeb continued financing anti-Tsarist forces including Jewish and Russian revolutionaries, the Japanese in the war against Russia, and the 1905 Petrograd uprising. After many anti-Tsarist deeds, revolutionaries Trotsky, Lenin, Stalin along with other socialists and nationalists, (including future Estonian President Päts), were exiled from Russia in 1905.

The bankers persisted in trying to gain control in Russia and were finally successful when Alexander Kerensky (32 degree mason)[6] was able to force the Tsar to abdicate in the revolution of February 1917.

However, a democratic socialist Russian government did not meet the global bankers’ objectives. On March 27, 1917, with a U.S. Woodrow Wilson authorized passport, a Russian entry permit, a British transit visa, and Jacob Schiff’s financial support, Lev Davidovich Bronstein (Trotsky) set sail on the S.S. Kristianiafjord from New York to Russia along with 275 co-agitators/terrorists to win control of the revolution.

Unfortunately for these conspirators and their financiers, their plans had a hiccup in Halifax on the 3rd of April as the Canadian border police arrested Trotsky along with his wife, two children, and five “Russian Socialists” as German prisoners of war.[7] On taking power, the Bolsheviks had promised to end the war with Germany, which would then  enable the Germans to concentrate more forces on the western front against the allies.

The promise of a quick, secure peace with Russia explains why German authorities, (led by Paul Warburg’s brother Max), financed and secured passage for Vladimir Ilich Ulyanov’s (Lenin’s) sealed train to travel from Zurich through German territory to Helsinki in April 1917, eventually delivering Lenin to Petrograd. Although Trotsky and Lenin represented German interests, the British Embassy in Washington acted on behalf of the U.S. State Department, who in turn “…were acting for someone else”[8], pressuring Canadian officials to release Trotsky, which was accomplished before the end of April.

Lenin and Trotsky seized control of Russia with the “Bolshevik Revolution” in November 1917 by having the financial ability to feed, clothe and arm the Red Army. Subsequently, the Bolsheviks and Germans made peace at the Treaty of Brest-Litovsk on March 3, 1918, thereby shutting down Germany’s eastern front. Both Trotsky and Lenin were freemasons [9] belonging to the French Masonic lodge Art and Travail, and they attended the International Masonic Conference in Copenhagen in 1910. In addition, Trotsky was also a 32 degree Shriner.[10] Many of their co-conspirators and henchmen were also freemasons.[11]

Immediately after the Bolsheviks seized power in Russia, Lenin took away all land and property rights, and on November 22, 1917, he issued a decree to search houses to confiscate all privately held gold, jewels, and other valuables.[12]  In the August 23, 1921,   New York Times, it was estimated that Jacob Schiff’s $20 million dollar support of the Bolsheviks had returned over $100 million during the first six months of 1921[13]

Trotsky and Lenin were trusted reliable masons and delivered Russia to the bankers.
Thus they were funded and protected. In summary, as Russian General Goulevitch revealed in his book Czarism and the Revolution, “Mr. Bakmetiev, the late Russian Imperial Ambassador to the United States tells us that the Bolsheviks, after victory, transferred 600 million roubles in gold between the years 1918-1922 to Kuhn, Loeb Company.”[14]

WORLD WAR I

In 1916, Wilson had campaigned with the electioneering slogan of “he kept us out of the war”[15], and won the election by promising to maintain that policy. This was about to change early in 1917 when Germany’s “unrestricted submarine warfare” led to the sinking of four American ships, which revived memories of the 1915 sinking of the Lusitania. Since the beginning of World War I (WWI) in 1914 when passenger traffic fell off, the Lusitania had been operating under the British flag for the English Navy. It was later revealed that the Lusitania had been carrying 6 million pounds of ammunition for Kuhn and Loeb Director Cleveland Dodge, (who was also President of the Winchester Arms Company and Remington Arms Company)[16], when it was hit by a torpedo from a German submarine in the English Channel on May 7, 1915. (On April 22, 1915, the Imperial German Embassy in the United States had posted newspaper ads warning travelers of the danger of traveling on British ships.)[17]

Because British intelligence had broken the German war code in December 1914, First Lord of the Admiralty Winston Churchill was aware that three German U-boats were in the vicinity of the Lusitania when he pulled back the escort ship Juno on that fateful May day. 1201 people lost their lives and author Colin Simpson in his book Lusitania called this the “foulest act of willful murder ever committed on the seas”[18]

Wilson’s 180-degree reversal of his war policy was duplicitous as now anyone who opposed the USA’s involvement in WWI was making ‘disloyal statements’, and became subject to the new Espionage Act that Congress passed in June 1917, which was further strengthened by the Sedition Act of 1918. For example, in the Abrams case [19], five people were jailed for circulating communist leaflets, even though Wilson’s government and his central bankers had assisted the communists on a much more substantial level.

BARUCH AND HOUSE

It is important to recognize the power and influence that Rothschild spear carriers Colonel Edward Mandell House and Bernard Baruch had on the Wilson and FDR presidencies. In 1911, Colonel House, (the Colonel title was “merely a complimentary political gesture” from the Governor of Texas for previous political services)[20], had written the book Philip Dru, Administrator, which told the story of establishing “Socialism as dreamed by Karl Marx” in the United States[21].  As Eustace Mullins wrote, “it was the blueprint which was later followed by the Woodrow Wilson and Franklin D. Roosevelt administrations”[22].

From the day before Christmas Eve in 1913 when they put pressure on Woodrow Wilson to immediately sign the Federal Reserve Act into law, Baruch and House ruled the Wilson presidency, and in fact, Wilson called House “my alter ego.”[23]  They were also Wilson’s largest financial supporters as House gave him $35,000 and Baruch gave him $50,000[24] (in 2010 Consumer Price Index dollar values, approximately $782,000 and $1,120,000). Both of these ‘advisors/handlers’ were 33 degree masons.[25]

In 1917 House was announced as Wilson’s key foreign advisor and in March 1918, ‘independent financier’ Bernard Baruch was announced as Chairman of the War Industries Board to help with war production. With this announcement, Wilson’s government reversed another previous peacetime policy of enforcing competition.

By passing the Overman Act (May 1918), the US government and Baruch were handed great power over all industry, enabling a close profitable big business and government partnership on wartime production. According to FDR’s son-in-law, Curtis Dall, Baruch was “the outstanding ‘leg boy’ between world money and world political figures!”[26] This role helped Baruch personally make $200 million for himself from World War I contract placements.[27]

House, along with other Jekyll Island conspirators, convinced Wilson to take the United States into WWI, about which historian Walter Mills wrote “the Colonel’s sole justification for preparing such a batch of blood for his countrymen was his hope of establishing a new world order of peace and security.”[28]   House also was involved in the 1917 Trotsky affair, and no doubt advised Woodrow Wilson to send $100 million with his personal emissary Elihu Root to Russia to ensure that the Bolsheviks (Reds) won the post revolution Russian civil war (against the Whites, Greens and others).[29]

Part 1: The Global Bankers’ FDR: A Communist Fellow Traveller

Notes:

[29]Mullins, E., The Secrets of the Federal Reserve, Bankers Research Institute, Staunton VA, 1993, p 85
 
Toomas Trei was born in Sweden in 1950 to parents who escaped when the Communists occupied Estonia. His mother always said ‘don’t believe everything that is written about history’.