Did you know in 1910, the world’s richest bankers all met secretly at Jekyll Island, Georgia and conspired to create a “Central Bank” funded by the private bankers who owned the Federal Reserve?
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The Full Story
Creature from Jekyll Island
Several years before the formation of the Federal Reserve Central Bank, a group of investment bankers and businessmen met at Jekyll Island, a year-round beach resort off the coast of Georgia, and created a plan to reform the nation’s banking system.
The meeting was closely guarded as a secret, and the men who attended did not admit that the meeting occurred until the 1930s.
The plan developed on Jekyll Island laid the foundation for what would eventually become the Federal Reserve Banking System.
"Pledged all participants to secrecy"
Twenty years later in a book he wrote, Paul Warburg, said:
"In November, 1910, I was invited to join a small group of men who, at Senator Aldrich’s request, were to take part in a several days’ conference with him, to discuss the form that the new banking bill should take. When the conference closed, the rough draft of what later became the Aldrich Bill had been agreed upon. The results of the conference were entirely confidential. Even the fact that there had been a meeting was not permitted to become public. Though eighteen years have gone by, I do not feel free to give a description of this most interesting conference concerning which Senator Aldrich pledged all participants to secrecy."
Warburg 1930, pp. 58-60
Paul Moritz Warburg—German-born American investment banker who served as the 2nd Vice Chairman of the Federal Reserve from 1916 to 1918. Prior to term as Vice Chairman, was appointed as a member of the Federal Reserve Board of Governors in 1914.
Nelson Aldrich, A. Piatt Andrew, Henry Davison, Arthur Shelton, Frank Vanderlip and Paul Warburg at Jekyll Island Club, Georgia, 1910.
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