The Secret Meeting That Launched the Federal Reserve: Echoes

Although it may seem shocking to watch the 112th Congress, there was a time when national leaders were swift and decisive in getting things done. In November 1910, in the space of less than two weeks, a group of government and business leaders fashioned a powerful new financial system that has survived a century, two world wars, a Great Depression and many recessions.

Of course, the Jekyll Island conference, which met that month, was dodgy even by the standards of the Gilded Age: a self-selected handful of plutocrats secretly meeting at a private resort island to draw up a new framework for the nation’s banking system. Add in the gnarly live oaks and dripping Spanish moss of coastal Georgia, and the baronial becomes baroque.

The group's original plan wasn't ratified by Congress, but one very much like it was adopted and became the basis of the Federal Reserve system that remains in place today.

At the time, the Panic of 1907 was still fresh in everyone’s mind. J.P. Morgan had resolved that panic by locking the heads of major banks in his library overnight, and strong-arming them into a deal to provide sufficient liquidity to end the runs on banks and brokerages.

[link to www.bloomberg.com]

We're All Slaves To Rothschild central bankers
4 min 4 Sec - ENGELSK
"Do we all work for Central Bankers? Is this Global Governance at last? Is it One World.. with the Central Bankers in charge?"







Book:
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DANE