The Federal Reserve and the Titanic: Killing The Opposition

reserve bank
The Federal Reserve and the Titanic: Killing The Opposition

The Federal Reserve did have some opposition. Three of the richest and most important of the opponents were Benjamin Guggenheim, Isador Strauss, the head of Macy’s Department Stores, and John Jacob Astor, probably the wealthiest man in the world. Their total wealth, at that time, using dollar values of their day was more than 500 million dollars. Today that amount of money would be worth nearly eleven billion dollars. These three men were coaxed and encouraged to board the floating palace. They had to be destroyed because the Jesuits knew these men would use their wealth and influence to oppose a Federal Reserve Bank as well as the various wars that were being planned.

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