The Secret Meeting at Jekyll Island and the Aldrich Plan (HOM 30-B)

History of Money, Lecture 30, Pt. B: the Federal Reserve Act of 1913 actually got its start three years earlier, at a clubhouse at Jekyll Island, Georgia, in November 1910. The Jekyll Island Club was the site of a secret meeting of the nation's top bankers and financiers to hammer the details of a central bank for the United States. Shortly after the meeting, Senator Nelson Aldrich introduced his plan for a "National Reserve Association." The plan was initially shot down by the Democrats, who were currently investigating the Money Trust in the Pujo Committee (spawned by a resolution from Charles A. Lindbergh, a vocal critic of the Aldrich bill). However, after the election of Woodrow Wilson in 1912, the plan, after undergoing some revision, passed Congress and received the President's signature on December 23, 1913: the birthdate of the Federal Reserve System. Attendees at the storied Jekyll Island meeting included: Henry P. Davison (senior partner at J. P. Morgan & Co.); Charles D. Norton (president of First National Bank of New York); Benjamin Strong, Jr. (vice president of Bankers Trust of New York); Paul Warburg (representative of Kuhn, Loeb & Co. and director at Wells Fargo); Frank A. Vanderlip (president of National City Bank of New York [citibank]); Senator Nelson Aldrich; and A. Piatt Andrew, university economist.
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Dr. Jonathan Barth received his PhD in history from George Mason University in 2014. He specializes in the history of money and banking in the early modern period, with corollary interests in early modern politics, empire, culture, and ideas. Barth is Associate Professor of History at Arizona State University and Associate Director of the Center for American Institutions at Arizona State University.
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Disclaimer: The views and opinions expressed on this channel are my own and do not reflect the views of Arizona State University, nor are any of the views endorsed by Arizona State University.

[ProfessorBarth]

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[joeharmon]

I’ve been on Jekyll, eaten at the Jekyll Island club. Sitting at likely the same table area where the titan cabal sat planning how to build and fleece a whole country… I’ll never forget being there.

[MrGchiasson]

"The creature from Jekyll Island"...a must-read book.
This was a power/economic grab.

[mikeox]

Its not an alignment of banks of an industry of banks. It is a cartel.

[Roylamx]

In his book "Miracle on Main Street" Tupper Saussy wrote: In the event taxes become uncollectable an unlimited amount of domestically stockpiled silver may be coined and spent into circulation. He estimated that when the People recognize the fraud of fiat currency they will refuse to pay taxes in it and the Government will be forced to return to sound money.
Makes sense to me.

[ruthrobinson]

Interesting how the three wealthy men who opposed the Federal Reserve, John Jacob Astor, Isador Strauss, and Benjamin Guggenheim, all died on the Titanic. J P Morgan had booked passage and cancelled at the last minute.

[dallenpowell]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers Conquered" -Thomas Jefferson

[LadyCathryn]

I've read G Edward Griffin's expose of the Fed called The Creature of Jekyll Island. It's very detailed.

[joeluebbers]

Great presentation, so many don’t know any of this, federal reserve truth, or banking strategies. This was the start of the long road to a single world economy, banking, and currency.

[van]

The Rockefeller "Cottage" on Jekyll Island, where the meetings took place, was built on the former "Alter" that had Human/ Child sacrifices by the Indians that once inhabited that Island. These Bankers thought it the "perfect place".
5 STARS!
--Van

[FinanciallyGreat]

Jekyll Island Bankers Trick 4. The term: “Lender of Last Resort” is not in any Congressional Act. Congress didn’t intentionally authorize a privately owned, for-profit corporation to create US dollars and loan those dollars to the US Treasury. The trick that the Jekyll Island bankers pulled was to convert Clearing-House Certificates into Fed funds. Since they had total control of clearing-house certificates, they now had total control of Fed funds. Because the Clearing-House Certificate was authorized to function as “Lawful Money” that meant that Fed funds were also functioning as “Lawful Money”. That is why Fed Funds are used to first buy all Treasury Bonds as the US national debt. The US is actually in debt for $25 trillion in Clearing-House Certificates that were created out of nothing. The Fed funds-Clearing-House Certificates were spent into citizen’s Demand Deposit-savings-investment accounts by way of Fed Act Section 19f, thereby creating inflation of the money supply which inflated prices. Actually the lender of last Resort is supposed to be the US Treasury, not the 5 privately owned corporations that filed a Comptroller of currency Certificate of organization in 1914.

[jeffreyjeffrey]

The contents of the video, while informative, show that the uniparty predates the current era.

[brettmoore]

All debt incurred since the private federal reserve was created should be paid by all the bankers families who benefited off the worlds labour🎉🎉🎉

[steveharkins]

One has to think about Jekyll Island as the the southern most tip of the US at this point. Florida was not developed at this point and the furthest the railroad went was Brunswick Georgia. Henry Flagler had not started the rail line into Florida at this time.

[russellschaeffler]

Very good historical overview of the Federal Reserve System which is still controlling the monetary system today.

[gregfisher]

That they would choose a place with a history of child sacrifice and build a house on it is a bit strange, it's also said that the room that the system was hatched in was directly over where the sacrificial alter was, in the Rockefeller house

[cherrywilliams]

I'm surprised that the titanic wasn't mentioned.

[Kampfwageneer]

Warburg also represented the Rothschilds of England, brother of Max Warburg.

[johnarmon]

What does that secrecy tell us about integrity of the Federal Reserve!

[elatomala]

What a Great Island to start this Beasts System.