revulsion against the Germans. These waves eventually flooded through Washington and swept the United States into war. Within days of the decoration, Congress voted $1 billion in credit for England and France. $200 million was sent to England immediately and was applied to the Morgan account. The vast quantity of money needed to finance the war was created by the Federal Reserve System, which means it was collected from Americans through that hidden tax called inflation. Within just five years, fully one-half of all they had saved. The infinitely higher cost in American blood was added to the bill. Thus it was that the separate motives of such diverse personalties as Winston Churchill, J.P. Morgan, Colonel House, and Woodrow Wilson all found common cause in bringing America into World War I. Churchill maneuvered for military advantage, Morgan sought the profits of war, House schemed for power, and Wilson dreamed of a chance to dominate a post war League of Nations.
The German
Embassy attempted
to place ads in 50
newspapers warning
that the
a target of war, but
the U.S. government
prevented them from
being printed except
for this one which
was run in the
When the ship was
sunk off the coast of
Ireland with 195
Americans aboard, it
became the center of
a national campaign
to generate emotional
support for coming
into the war.
Chapter Thirteen
MASQUERADE
IN MOSCOW
One of the greatest myths of contemporary history is that the Bolshevik Revolution in Russia was a popular uprising of the downtrodden masses against the hated ruling class of the Tsars. As we shall see, however, the planning, the leadership, and especially the financing came entirely from outside Russia, mostly from financiers in Germany, Britain, and the United States. Furthermore, we shall see that the Rothschild Formula played a major role in shaping these events.
This amazing story begins with the war between Russia and Japan in 1904. Jacob Schiff, who was head of the New York investment firm of Kuhn, Loeb, and Company, had raised the capital for large war loans to Japan. It was due to this funding that the Japanese were able to launch a stunning attack against the Russians at Port Arthur and, the following year, to virtually decimate the Russian fleet. In 1905, the Mikado awarded Jacob Schiff a medal, the