Celebrating a Monster: The Federal Reserve and Jekyll Island

This past weekend the Master’s of the United States of America journeyed to the birth place of a monster that was created on Jekyll Island, Georgia a hundred years ago. That monster is the Federal Reserve. Today’s bureaucrats celebrated the anniversary of this creation in the open, unlike their forbearers.


Bertie Charles Forbes, founder of Forbes Magazine, described secretive nature of this cabal:

Picture a party of the nation's greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily riding hundred of miles South, embarking on a mysterious launch, sneaking onto an island deserted by all but a few servants, living there a full week under such rigid secrecy that the names of not one of them was once mentioned, lest the servants learn the identity and disclose to the world this strangest, most secret expedition in the history of American finance. I am not romancing; I am giving to the world, for the first time, the real story of how the famous Aldrich currency report, the foundation of our new currency system, was written... The utmost secrecy was enjoined upon all. The public must not glean a hint of what was to be done. Senator Aldrich notified each one to go quietly into a private car of which the railroad had received orders to draw up on an unfrequented platform. Off the party set. New York's ubiquitous reporters had been foiled... Nelson (Aldrich) had confided to Henry, Frank, Paul and Piatt that he was to keep them locked up at Jekyll Island, out of the rest of the world, until they had evolved and compiled a scientific currency system for the United States, the real birth of the present Federal Reserve System, the plan done on Jekyll Island in the conference with Paul, Frank and Henry... Warburg is the link that binds the Aldrich system and the present system together. He more than any one man has made the system possible as a working reality



After the panic of 1907, New York’s biggest bankers were wary of another financial crisis. They wanted an apparatus that would put a strangle hold on smaller banks and at the same time insulate them from the huge losses in a bust cycle; but more importantly, an entity that would give them – the big financial institutions – the run of the banking industry. The only way they could accomplish this was through the federal government. The people were wary of a national bank. We already had two others that failed miserably. No, the big bankers needed something more deceptive. They needed the appearance of a decentralized banking system; hence, The Federal Reserve.

So, the bureaucrats meet again at the place where the nation’s future was discussed in secret. And this conference is no different than the one a hundred years ago: invitation only.

Video H/T:  Randy's Right

Source:  http://www.tmcnet.com/usubmit/2010/11/05/5119687.htm
http://www.lewrockwell.com/rep/fed-returns-to-jekyll-island.html