The Moneymasters  provides a comprehensive tour of the modern global monetary system and how our entire modern history,  from the great depression to world wars  is intimately connected to profiteering from those who built the system. 

You will come to understand the history of the creation of central banking and how a handful of scheming players spent decades carefully manipulating the US government to hand over control of money printing. These powerful people knew that control of the money supply is control of everything. They finally succeeded in crafting central banks and the Fractional Central Banking system, a system that uses debt as an instrument to create artificial scarcity and funnel wealth from the masses to the minority who control the central banking system.

J.P. Morgan and the Federal Reserve are the key players in the whole sordid affair of centralized global banking. Even the name itself, the Federal Reserve was deliberately chosen to mislead the public. It is not Federal, not part of the government and it does not have any reserves at all. Historians have now shown that the name was chosen at a secret meeting at the Jekyl Hotel by a group of international bankers intent on controlling the money supply of the United States government. In the modern era, J.P. Morgan was instrumental in creating the centralized banking system. Although his many attempts were rebuked, he regathered each time and found even more devious ways. Finally, they tricked president Woodrow Wilson to pass the Federal Reserve Act in 1913. Thus began the beginning of the debt crisis not just in the US, but the entire planet whose effect we feel today…a system which transfers wealth from the 99.999% to the 0.001% of international bankers who effectively control the world’s resources

Historically, many statesment and presidents from  Benjamin Franklin, Thomas Jefferson, Abraham Lincoln and Andrew Jackson warned about the dangers of a central bank that controlled the printing of the US money supply. They each fought vehemently against it. Unfortunately, for various reasons, the central bank established itself.


1812-1836 – The Second Bank of the United States was established after the war of 1812. From 1812 to 1830, it had become a corrupt vehicle for a small group of elite. By the early 1830s, President Jackson had come to thoroughly dislike the Second Bank of the United States because of its fraud and corruption. Jackson then had an investigation done on the Bank which he said established “beyond question that this great and powerful institution had been actively engaged in attempting to influence the elections of the public officers by means of its money.” Although its charter was bound to run out in 1836, Jackson wanted to “kill” the Second Bank of the United States even earlier.The bank battled for it’s survival in the intervening years but by 1936, it ran out of money and the charter expired. It became an ordinary bank.

1863 – The National Bank Act was established in 1863, primarily to unify a hodgepodge of currencies and to help finance the civil war. It once again brought together and created a central bank of sorts. After this, the debate between centralized and non-centralized banks raged to the twentieth century.

1902 – JP Morgan financed J.D. Rockerfeller’s Standard Oil, Edward Herman’s Railroad empire and Andrew Carnegie’s steel empire. These bankers became referred to as the “Money Trust”.  Morgan was also a suspected agent of the Rothschilds. In 1902, president Roosevelt tried to break these monopolies but was unsuccessful.

1907 – JP Morgan again tried to create a central banking system by employing a “good cop / bad cop” trick that would be reused over and over again in the following decades. The Money Trust used their financial muscle to secretly engineer a stock market crash. Many thousands of private banks were overextended and caused extensive bank runs. Morgan then stepped into the public arena and proposed to prop up the failing economy with money he manufactured out of thin air. In their desparation, congress allowed Morgan to manufacture $200 million USD of money out of thin air. His trick worked and the public regained confidence in money and quit hoarding their money. By 1908, the panic was over and Morgan was called a hero by the president of Princeton University, one Woodrow Wilson, who would later become a president and pawn for Morgan’s future ambitious plans.  Economic textbooks  reported “with it’s alarming epidemic of bank failures, the country was fed up with the anarchy of private banking” . Morgan had won the country over for the need for a central bank.

Not everyone was fooled, however. Minnesota congressman Charles A. Lindburg senior made an astute observation that the stock market crash of 1907 was just a scam. Since the passage of the National Bank Act of 1863, the The Money Trust created a number of booms and bust both to buy up the property of the American people at discount rates and to make the claim that the banking system was so unstable that it needed to be consolidated into a central bank again.

In response to the stock market crash of 1907, Teddy Roosevelt signed into law a bill that created the National Monetary Commission to study what happened and make recommendations to congress. Not surprisingly, it was full of J.P. Morgan’s cronies. The chairman was senator Nelson Aldrich from Rhode Island and he represented the family’s of the Money Trust. Aldrich consulted with central bankers in England, Germany and France for ideas.

1910 – Upon return in November 1910, he convened a secret meeting in Jekyll Island off the coast of Georgia. This meeting’s purpose was to develop a strategy to create a private central bank that would dominate the entire country. It effectively brought together the most powerful American and the European family’s of central banking. On the American side was J.P. Morgan, J.D. Rockerfeller and Nelson Aldrich. On the European side were the Rothchilds, Schiffs and Warburgs, who had all been interconnected through marriages through the generations. Paul Warburg was a part of the group that met. He was a lobbyist who was hired by investment firm Koen, Loeb & Company to lobby congress  for a privately owned central bank. His partner in the firm was Jacob Schiff, who was the grandson of the man who shared the Greenshield house with the Rothchild family in Frankfurt. Schiff was also secretly spent $20 million USD to support the overthrow of the Tsar of Russia.

Years later, in an interview published in the Feb 9, 1935 edition of the Saturday Evening Post.   Frank Vanderlip, a representative of the Rockerfeller family wrote: “I was as secretive, indeed as furtative as any conspirator. Discovery, we knew, simply must not happen, or else all our time and effort would be wasted. If it were to be exposed that our particuliar group had got together and had written a banking bill, that bill would have no chance of passage whatsoever by congress.”

The problems they discussed were:

  1. Market share of national banks had shrank. In 1913, only 29% of all banks were national banks and only held 57% of all deposits.
  2. Corporations were so profitable that 70% of funding came from profits…becoming independent from the Money Trust
  3. The name of the new entity
Aldrich did not think that the word bank should not appear in the name. Warburg voted for Federal Reserve to give the impression that it would fight bank runs.

The recommendations made by the group were completely misdirected. They advocated a centralized Fractional Reserve system in which bankers were able to create 90% of the money supply and charge interest for it. They prevented a debt-free monetary system such as Lincoln’s Greenbacks from making a comeback and they made this bank completely autonomous of political control. Subsequent laws simply reinforced that. A further trick to make it appear to the public as if it were government controlled was to create a board that had 2 members out of 7 from government. Of course, this was just an appearance as all members were paid for by the bankers and had to have Wall Streets stamp of approval first.

After the meeting, the media blitz began. An “educational fund” of $5 million was used to get university professors across the nation to endorse it. Fortunately, Aldrich’s bill did not pass. Congress quickly saw it as a way to enrich the Money Trust and dubbed it the Aldrich Bill.

1912 – Seeing they there was no hope that the Republican party could push it through, they stopped and proceeded to their backup plan….switching sides to Democratic hopeful Woodrow Wilson. Wall Street Financier Bernard Baruch was entrusted with indoctrination Woodrow Wilson. Wilson was brought to Democratic Party headquarters in New York in 1912 to begin the brainwashing sessions. The Jacksonians became the Greenbackers  who became the supporters of fierce democrat William Jennings Bryan. Little did Bryan know the manipulation that was happening until it was too late. The democrats pretended to oppose the Aldrich bill to win public favor and get into office.

1913 –  Wilson promised there would be no central bank on their watch and was elected into office in 1913 partly based on this campaign promise.  A short 13 months later Wilson introduced the Glass-Owens bill, a near replica of the Aldrich Bill.  Vanderlip, one of the original 7 at Jekyll Island later said  “although it was defeated when the bill bore the name Aldrich, nevertheless, it’s essential points were adopted in the final plan that was accepted.” Ohio lawyer Alfred Crozier said “It (the Glass-Owen Bill) does this as completely as the Aldrich Bill. Both measures rob the government and the people all effective control over the public’s money and vest in the banks exclusively the dangerous power to make money among the people scarce or plenty.”

As it was being debated, a number of senators saw through the ploy citing a number of bankers as the enemy of the public welfare. Congressman Charles Lindburgh said “This Act establishes the most gigantic trust on earth. When the president signs this bill, the invisible government by the monetary power will be legalized. The people may  not know it immediately, but the day of reckoning is only a few years removed…The worst legislative crime of the ages is perpetrated by this banking bill”.

Despite the charges, the Federal Reserve Act was snuck through the senate Dec 22, 1913, after most senators had left for holidays… the leadership had promised there would be no activity until long after the Christmas recess.

Bankers now had a system to run up an unlimited debt. Everything had fallen into place for the Money Trust. Only weeks earlier, in Oct 1913, Congress passed an income tax bill that was rushed through by Aldrich. The Money Trust knew that to have practical access to this unlimited debt, there had to be a mechanism to tax the people, just as was done by the Bank of England. Similar income tax bills were defeated just a few decades earlier: in 1895 and a corporate income tax law in 1909 were both found to be unconstitutional. Tariff and Excise taxes of the time were too small and going through the state would have caused a revolt. Hence, Aldrich rushed through the 16 Amendment which would bypass the states. Some critics claim that Aldrich rushed the 16 Amendment through without consulting 3/4 of the states and hence, it may actually not be legal.


1914 – Lindburg explains the Business Cycle Rate – “It can cause the pendulum of a rising or falling market to swing gently back and forth by slight changes in the discount rate or cause violent fluctuations by a greater rate variation, and in either case, it will possess inside information as to the financial conditions and advance knowledge of the coming change, either up or down. This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any government that ever existed. The system is private, conducted for the sole pupose of obtaining the greatest possible profits from the use of other people’s money. They know in advance when to create panics to their advantage. They also know when to stop panics. Inflation and deflation work equally well for them when they control finance.”

Congressman Loius McFadden was chair of the banking and Currency committee and also an outspoken critic of the Money Trust which he described as“When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and industrialists acting together to enslave the world for their own pleasure. Every effort has been made by the Fed to conceal its powers but the truth is—the Fed has usurped the government.”   (Source: Congressman Louis McFadden, The Unseen Hand, p. 182.)

“It was not accidental. It was a carefully contrived occurrence.…The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all.” (Source: On The Federal Reserve Corporation, p. 95)

1916 – President Wilson had second thoughts about what he had done said  “A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men … [W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.” and “Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.” (Source: Woodrow Wilson’s The New Freedom: A Call for the Emancipation of the Generous Energies of a People (New York and Garden City: Doubleday, Page & Company, 1913).


1914-1918 – World War I. Nothing creates debt like a war.


  • Central Powers: Germany, Austro-Hungarian, Ottoman Empire and Bulgarian
  • Allied Powers: UK, France, Russia, US, Italy, Japan
  • The British Rothschilds lent money to the British,
  • the French Rothschilds lent money to the French
  • the German Rothschilds lent money to the Germans.
  • J.P. Morgan was the sales agent for war material to both the Brits ad the French.
New York Bankers made a Killing on the war:
  • JP Morgan became the world’s largest consumer 6 months into the war, consuming $10 million USD a day
  • The Rockerfellers and Baruch profited by $200 million on the war (Source: James Perloff
  • The Money Trust wanted to defeat the czar for his support of Abraham Lincoln
The Money Trust worked with communist governments like Lenin as well. Author and researcher Gary Allen explained that socialism (and communism) is not a method to share the wealth with the down-trodden, but rather a method of the elite used to consolidate and control the wealth. In this context, there is no paradox of rich capitalists such as the Money Trust supporting socialism.
The state does not function as we desired. The car does not obey. A man is at the wheel and he seems to lead it, but the car does not drive in the desired direction. It moves as another force wishes. (Source:A Fate Worse than Debt (1988) Susan George)