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Chapter 8: 100 Years of the Fed, Part 2

Mystery Babylon and the Stone Kingdom, part 21—Secrecy at Jekyll Island

In the following blog, all emphasis and comments in [brackets] are mine—JWB. A second example of whitewashing propaganda from the Establishment Medianites is from the Bloomberg website. Bloomberg is New York City (now former) mayor Michael Bloomberg’s company and it is as Wall Street-banker-Establishment-friendly as one can find.

This is from an article by Scott Lanman dated November 8, 2010 and it is entitled: Fed’s Jekyll Island Forum Considers Lessons of History for Monetary Policy.” Here are some excerpts:

above: The Jekyll Island Hotel Club where the secret meeting occurred

The coastal Georgia island where a secret 1910 meeting produced a blueprint for the Federal Reserve led central bankers 100 years later to consider the lessons of history as they move into new monetary territory.

Philadelphia Fed President Charles Plosser, citing continuing debate about the Fed’s role in the Depression, said that humility is in order’ for policy makers trying to make the right decisions today.”

Gee, that sounds nice: humility is in order for policy makers trying to make the right decisions today.” May I suggest a parallel? If you have read my immediately previous blog, it might sound familiar. It goes like this: I am just happy to be part of the team. We’ve got a bunch of great guys here. They all do their parts. And if I can just do my part, well, then, the good Lord willing, we’ll win some games.”

Continuing from the Bloomberg article (emphasis mine—JWB): It will be at least 50 years before we really understand very well what happened in 2008-2009, and we will be interpreting for another 50 years as to whether the Federal Reserve undertook the right policies or the wrong policies. There’s a lot of history left to be written,” said Plosser, 62, the Philadelphia Fed chief since 2006… [SOURCE]

That is not merely BS; that is an outright lie and a deception. It won’t take 50 years to know right or wrong. They, and those of us who observe these things, know right now what happened in 2008-2009.

Multiple choice question: The Fed undertook the wrong policies if the goal was (A) to help the American people; but the Fed undertook precisely the right policies if the goal was (B) to lead us further down the road to economic collapse. Which do you think was their goal, A or B?

Yes, to bring us to economic collapse. Most average Americans would say that things are bad, and it sounds like things are going to get even worse. But I want to reassure them that, although it does not seem likely that America can avoid some worsening hardships in the months and years ahead, there is great light at the end of the tunnel.

Did it ever occur to you that even though the powers that be are deliberately causing the fall of the dollar and crash of the economic system, that it is exactly what God put in their minds to do? It is all God’s doing, it is His means of accomplishing His Plan! Which is to bring down Mystery Babylon and free His people, and with them, to ultimately free the whole world.

I have now shown two examples of how the prostitute press, the Mystery Babylonian media, reported the story of the Fed conclave on Jekyll Island. Now I want to quote some excerpts from some voices which are more independent. Here is one which was published on businessinsider.com. It is by Michael Snyder.

This is not presented as straight news but commentary. It is entitled: The Federal Reserve Is Holding A Conference On Jekyll Island To Celebrate 100 Years Of Dominating America.” Dateline: November 3, 2010 Source\(https://www.businessinsider.com/fed-jekyll-island-club-2010-11)

[Begin quotation:] The Federal Reserve is going back to Jekyll Island to celebrate the 100 year anniversary of the infamous 1910 Jekyll Island meeting that spawned the draft legislation that would ultimately create the U.S. Federal Reserve.

The title of this conference is A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve,’ and it will be held on November 5th and 6th in the exact same building where the original 1910 meeting occurred.

In November 1910, the original gathering at Jekyll Island included U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department, A.P. Andrews and …representatives from the upper crust of the U.S. banking establishment. That meeting was held in an environment of absolute and total secrecy. 100 years later, Federal Reserve bureaucrats will return to Jekyll Island once again to celebrate’ the history and the future of the Federal Reserve.

Sadly, most Americans have no idea how the Federal Reserve came into being. Forbes magazine founder Bertie Charles Forbes was perhaps the first writer to describe the secretive nature of the original gathering on Jekyll Island in a national publication… [quoting Forbes’ article from 1916]:

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 hundreds 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.” [Source]

It was a system that was designed by the bankers and for the bankers. Now, the bureaucrats running the system are returning to Jekyll Island to congratulate themselves. Those attending the conference on November 5th and 6th include Federal Reserve Chairman Ben Bernanke, former Fed Chairman Alan Greenspan, Goldman Sachs managing director E. Gerald Corrigan and the heads of the various regional Federal Reserve banks. It looks like that there will be plenty of hors d’oeuvres to go around, but should the Federal Reserve really be celebrating their accomplishments at a time when the U.S. economy is literally falling to pieces?

[When Michael Snyder wrote this article in 2010], 63% of Americans do not think they will be able to maintain their current standard of living. 1.47 million Americans have been unemployed for more than 99 weeks. We are facing a complete and total economic disaster.

Today, the Federal Reserve has more power over the economy than any other single institution in the United States. It is the Fed that primarily determines if we will see high inflation or low inflation, whether the money supply will expand or contract and whether we will have high interest rates or low interest rates.

The President and the U.S. Congress have far less power to influence the economy than the Federal Reserve does. [Under President Trump, this is all changing suddenly and almost without notice by anyone. It has been virtually ignored by the Lying Legacy Media. I will address this extraordinarily game-changing event by President Trump soon in a later post.]

As previous elections have demonstrated, the American people are absolutely furious about the state of the U.S. economy, but American voters have been mostly blaming our politicians. They simply do not understand that it is actually the Federal Reserve that has the most control over the performance of the economy.

It would be hard to understate how powerful the U.S. Federal Reserve really is in 2010. U.S. Representative Ron Paul recently told MSNBC that he believes that the Federal Reserve is actually more powerful than Congress…..

The regulations should be on the Federal Reserve. We should have transparency of the Federal Reserve. They can create trillions of dollars to bail out their friends, and we don’t even have any transparency of this. They’re more powerful than the Congress.”

So how has the Federal Reserve performed over the years? Well, since 1913 inflation has been on a relentless march upwards, U.S. government debt has increased exponentially and the U.S. dollar has lost over 96 percent of its value. That is not a record to be celebrating. [End of article by Michael Snyder]

The truth is that the Federal Reserve was created to enslave the United States government (and all the people) in an endlessly expanding spiral of debt from which it would never be able to escape. … that is exactly what has happened. The U.S. government debt is escalating at an exponential rate. It is a trap from which the U.S. government will never be able to get out of under our current system.

Now, many at the Federal Reserve are touting more quantitative easing” as the solution to our economic problems. But anyone with a brain should be able to see that creating a gigantic pile of paper money out of thin air and dumping it into the economy is only going to make our long-term problems even worse.

But the Federal Reserve system was never meant to benefit the American people. It was designed to make massive amounts of money for the banking establishment. More on this in the next installment.

Up next Chapter 8 - 100 Years of the Fed, Part 1 We are in the midst of a series of lectures concerning Mystery Babylon and the Stone Kingdom. This is a blog series that is based on lecture #8. Chapter 8 - 100 Years of the Fed, Part 3
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