Who controls the Federal Reserve?

16 Dec, 2010

Syed Mujahid Kamran

Baron Nathan Mayer de Rothschild (1777-1836) once boasted at a party: "I care not what puppet is placed on the throne of England to rule the Empire on which the sun never sets. The man who controls Britain's money supply controls the British Empire, and I control the British money supply." This was no empty boast. The Rothschilds have continued to exercise the most profound, invisible, silent, and almost indestructible control over the world's money supply ever since they made fabulous profits in the wake of the defeat of Napoleon at Waterloo.

Today, those who control the US money supply control the US. And who controls the US money supply and how? Researchers have taken a long time to unravel this mystery to its ultimate and deeply hidden source. The tentacles can be traced back to the House of Rothschild and families associated with, built by, and indebted to the Rothschilds - the Morgans, the Warburgs, the Rockefellers, etc. For a long time, this alliance of the wealthiest families of the planet has succeeded in suppressing publications that expose their hidden control over global politics. They own newspapers, TV channels, movie industry, as well as publishing houses, and are in a position to kill any publication of any kind that exposes the truth about them.

A book by Eustace Mullins on the secrets of the Federal Reserve was refused publication by 19 publishers in the US. It was finally published privately in 1952 by two disciples of Ezra Pound, who had, in the first place suggested to the young Mullins, in 1949, that he study the Federal Reserve System. At that time, Ezra Pound was imprisoned in a hospital - he was to remain confined for 13 years without charges because he had opposed WWII and had attempted to dig out the truth about the bankers. A German version of Mullins' book, published in 1955 by Guido Roeder, was seized and all 10,000 copies burned under court orders, and under the approval of the US High Commissioner to Germany James B. Conant, who had been the President of the elite-controlled Harvard University from 1933-1953! How many people have heard of this?

In 1791, the Rothschild family succeeded in establishing a central bank, the First Bank of the United States, through the Congress despite the opposition from men like Thomas Jefferson. However, it had a 20-year tenure that was not renewed. In 1816, again the Rothschilds managed to get the Congress to approve the Second Bank of the United States for a 20-year tenure. But then President Andrew Jackson was elected on the slogan that there will be no central bank. Of the bankers, Jackson said: "You are a den of vipers, and I intend to rout you out, and by the eternal God I will rout you out." His grave carries the epitaph: "I killed the bank." But the Rothschilds are relentless and never give up. The Federal Reserve Act, passed in 1913, established a private central bank.

The Federal Reserve System comprises 12 reserve banks from different US cities. In reality, and this is not widely known and understood, it is the New York Federal Reserve that controls the entire system because that is where most of the money is. And who controls the New York Federal Reserve? Three banks with a majority of stocks control the New York Federal Reserve. These are, in order of decreasing shares, the National City Bank, First National Bank and National Bank of Commerce. Eustace Mullins pursued the question as to who controls these three banks. He traced out their history and evolution, including changes in their names and ownerships.

The National City Bank, which owns the most shares in the New York Federal Reserve, began as City Bank in 1812, in the same building where the Rothschilds' First National Bank of USA (1791-1810) had offices! During the course of its evolution the Rockefellers bought shares in the bank and eventually acquired dominant control of this bank. Rockefeller owned Standard Oil was built with Rothschild money and patronage. The First National City Bank is controlled by the Morgan family. It is a little known fact that the House of Morgan was largely built through the patronage of the Rothschild family in the nineteenth century, starting with the original George Peabody Company.

George Peabody never married and adopted, as his protégé, Junius Morgan, father of the famous J.P. Morgan, who subsequently inherited the entire business. Peabody was supported and financed very secretly by Baron Rothschild since 1835, and this patronage continued even when the business was passed over to the Morgan family. One may quote Mullin on the National Bank of Commerce: "This bank was clearly controlled by Morgan, who really was a subsidiary of Junius S. Morgan Company in London and the N. M. Rothschild Company of London and Kuhn, Loeb Company, which was also known as a principal agent of the Rothschilds."

Thus, the principal stockholders of the Federal Reserve of New York have a "London connection." Only 17 firms are allowed to operate as merchant bankers in the London District. Five of these control the banks that control the Federal Reserve of New York. Further, at least till 2004, four banking firms of London met in the offices of N.M. Rothschild to fix the price of gold for the day. As Mullins puts it: "Every credit extension must return to be based, in however miniscule a fashion, on some deposit of gold in some bank somewhere in the world. Because of this factor, the London merchant bankers, with their power to set the price of gold each day, become the final arbiters of the volume of money and the price of money in those countries that must bow to their power. No official of the Federal Reserve Bank of New York, or Federal Reserve Board of Governors, can command the power over the money of the world, which is held by these merchant bankers." No wonder, in the dark and bloody days of World War II, Churchill uttered the regret: "Time and the Ocean, and some guiding star and High Cabal, has made us what we are."

The writer is the vice chancellor of the University of the Punjab.

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