amounts of capital into American
investments, often without anyone
knowing whose money he was
spending. The purpose of
concealment was to blunt the
growing anti-Rothschild resentment
that was then prevalent in Europe
as well as America. When his
affiliation became commonly know
his usefulness came to an end and
he was replaced by J.P. Morgan
Library of Congress
Library of Congress
J-P. Morgan, Sr. (left) was brought into banking by his father, Junius Morgan, in England. The Morgans were friendly competitors with the Rothschilds and became socially close to them. Morgan's London-based firm was saved from financial ruin in 1857 by the Bank of England over which the Rothschilds held great influence.
Thereafter, Morgan appears to have served as a Rothschild financial agent and went to great length to appear totally American.
John D. Rockefeller (right) made his initial fortune in oil but soon gravitated into banking and finance. His entry into the field was not welcomed by Morgan, and they became fierce competitors. Eventually, they decided to minimize their competition by entering into joint ventures. In the end, they worked together to create a national banking cartel called the Federal Reserve System.
Above is the clubhouse for the
private resort on Jekyll Island in
Georgia where the Federal Reserve
System was conceived in great
secrecy in 1910. It is shown here
shortly after completion.
Jacob Schiff (right) was head of the
New York investment firm, Kuhn,
Loeb & Co. He was one of the
principal backers of the Bolshevik
revolution and personally financed
Trotsky's trip from New York to
Russia. He was a major contributor to
Woodrow Wilson's presidential
campaign and an advocate for
passage of the Federal Reserve Act.
This cartoon by Robert Minor appeared in the St. Louis Post-Dispatch in 1911 - It shows Karl Marx surrounded by enthusiastic Wall Street financiers: Morgan partner George Perkins; J.P. Morgan; John Ryan of National City Bank; John D. Rockefeller; and Andrew Carnegie. Immediately behind Marx is Teddy Roosevelt, leader of the Progressive Party.
