Money trust - Wikipedia, the free encyclopedia
The main belief behind the concept of a money trust is that the majority of the world's financial wealth and political power could be controlled by a powerful few. The Pujo Committee was a United States congressional subcommittee which was formed between May 1912 and January 1913 to investigate the so-called "money trust", a community of Wall Street bankers and financiers that exerted powerful control over the nation's finances. After a resolution introduced by congressman Charles Lindbergh Sr. for a probe on Wall St. power, Arsène Pujo of Louisiana obtained congressional authorization to form a subcommittee of the House Committee on Banking and Currency.
Main article: Pujo Committee
This idea was validated in the United States by the Pujo Committee in 1913 which unanimously determined that a small cabal of financiers had gained consolidated control of numerous industries through the abuse of the public trust. The chair of the House Committee on Banking and Currency, Representative Arsène Pujo, (DLa. 7th) convened a special committee to investigate a "money trust", the de facto monopoly of Morgan and New York's other most powerful bankers. The committee issued a scathing report on the banking trade, and found that the officers of J.P. Morgan & Co. also sat on the boards of directors of 112 corporations with a market capitalization of $22.5 billion (the total capitalization of the New York Stock Exchange was then estimated at $26.5 billion).[1]
Attorney Samuel Untermyer who headed the 1913 Pujo Money Trust Investigation Committee to investigate money trusts defined a money trust to George Baker during the Pujo hearings; "We define a money trust as an established identity and community of interest between a few leaders of finance, which has been created and is held together through stock-holding, interlocking directorates, and other forms of domination over banks, trust companies, railroads, public service and industrial corporations, and which has resulted in vast and growing concentration and control of money and credits in the hands of a few men".[2]
The Pujo Committee Report concluded in 1913 that a community of influential financial leaders had gained control of major manufacturing, transportation, mining, telecommunications and financial markets of the United States. The report revealed that no less than eighteen different major financial corporations were under control of a cartel led by J.P Morgan, George F Baker and James Stillman. These three men, through the resources of seven banks and trust companies (Bankers Trust Co., Guaranty Trust Co., Astor Trust Co., National Bank of Commerce, Liberty National Bank, Chase National Bank, Farmers Loan and Trust Co.) controlled an estimated $2.1 billion. The report revealed that a handful of men held manipulative control of the New York Stock Exchange and attempted to evade interstate trade laws.
The Pujo Report singled out individual bankers including Paul Warburg, Jacob H. Schiff, Felix M. Warburg, Frank E. Peabody, William Rockefeller and Benjamin Strong, Jr.. The report identified over $22 billion in resources and capitalization controlled through 341 directorships held in 112 corporations by members of the empire headed by J.P. Morgan.[3]
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the reason i bring this up is because we seem to be in a similar situation today. many of the players have not changed at all. what we are finding is the same organizations/corporations/families exerting an extreme amount of influence over american society, much of it to the detriment of the majority of people and even detrimental to the earth itself.
i think this is the closest we can concretely come to identifying the members of this ever-elusive "elitist power structure," but this is clearly them, and this is clearly a huge part of their operation.
a lot of the leadership structures are intertwined. the same people who own the banks, are also on the boards of several corporations, who support several dozen politicians, who create policies beneficial to their masters, etc. and the highest members of these private corporations and private banks are also bouncing back and forth between the public and private sector, CEO one minute, Secretary of the Treasury the next.
but the problem is they're entire scheme is running our society into the ground economically, socially, politically, and environmentally. the big banks, the big corporations, high levels in govt, the federal reserve system, the military-all of these things have become subservient to The Money Trust and its fukking our shyt up.
even as we speak elite banking interests are collaborating with government policy makers and policy enforcers to defraud the american people out of all their assets, and criminal acts on the part of our leadership have become commonplace. bank of america, jp morgan chase, hsbc are getting away with murder right now. the lending houses have been getting away with murder for a while. the shyt is obviously out of control at this point.
so i say all that to say, what can we do about this? what are some strategies for neutralizing 'The Money Trust?'
self sufficiency?
education?
community organization?
currency alternatives?
The main belief behind the concept of a money trust is that the majority of the world's financial wealth and political power could be controlled by a powerful few. The Pujo Committee was a United States congressional subcommittee which was formed between May 1912 and January 1913 to investigate the so-called "money trust", a community of Wall Street bankers and financiers that exerted powerful control over the nation's finances. After a resolution introduced by congressman Charles Lindbergh Sr. for a probe on Wall St. power, Arsène Pujo of Louisiana obtained congressional authorization to form a subcommittee of the House Committee on Banking and Currency.
Main article: Pujo Committee
This idea was validated in the United States by the Pujo Committee in 1913 which unanimously determined that a small cabal of financiers had gained consolidated control of numerous industries through the abuse of the public trust. The chair of the House Committee on Banking and Currency, Representative Arsène Pujo, (DLa. 7th) convened a special committee to investigate a "money trust", the de facto monopoly of Morgan and New York's other most powerful bankers. The committee issued a scathing report on the banking trade, and found that the officers of J.P. Morgan & Co. also sat on the boards of directors of 112 corporations with a market capitalization of $22.5 billion (the total capitalization of the New York Stock Exchange was then estimated at $26.5 billion).[1]
Attorney Samuel Untermyer who headed the 1913 Pujo Money Trust Investigation Committee to investigate money trusts defined a money trust to George Baker during the Pujo hearings; "We define a money trust as an established identity and community of interest between a few leaders of finance, which has been created and is held together through stock-holding, interlocking directorates, and other forms of domination over banks, trust companies, railroads, public service and industrial corporations, and which has resulted in vast and growing concentration and control of money and credits in the hands of a few men".[2]
The Pujo Committee Report concluded in 1913 that a community of influential financial leaders had gained control of major manufacturing, transportation, mining, telecommunications and financial markets of the United States. The report revealed that no less than eighteen different major financial corporations were under control of a cartel led by J.P Morgan, George F Baker and James Stillman. These three men, through the resources of seven banks and trust companies (Bankers Trust Co., Guaranty Trust Co., Astor Trust Co., National Bank of Commerce, Liberty National Bank, Chase National Bank, Farmers Loan and Trust Co.) controlled an estimated $2.1 billion. The report revealed that a handful of men held manipulative control of the New York Stock Exchange and attempted to evade interstate trade laws.
The Pujo Report singled out individual bankers including Paul Warburg, Jacob H. Schiff, Felix M. Warburg, Frank E. Peabody, William Rockefeller and Benjamin Strong, Jr.. The report identified over $22 billion in resources and capitalization controlled through 341 directorships held in 112 corporations by members of the empire headed by J.P. Morgan.[3]
___________________________________________________________
the reason i bring this up is because we seem to be in a similar situation today. many of the players have not changed at all. what we are finding is the same organizations/corporations/families exerting an extreme amount of influence over american society, much of it to the detriment of the majority of people and even detrimental to the earth itself.
i think this is the closest we can concretely come to identifying the members of this ever-elusive "elitist power structure," but this is clearly them, and this is clearly a huge part of their operation.
a lot of the leadership structures are intertwined. the same people who own the banks, are also on the boards of several corporations, who support several dozen politicians, who create policies beneficial to their masters, etc. and the highest members of these private corporations and private banks are also bouncing back and forth between the public and private sector, CEO one minute, Secretary of the Treasury the next.
but the problem is they're entire scheme is running our society into the ground economically, socially, politically, and environmentally. the big banks, the big corporations, high levels in govt, the federal reserve system, the military-all of these things have become subservient to The Money Trust and its fukking our shyt up.
even as we speak elite banking interests are collaborating with government policy makers and policy enforcers to defraud the american people out of all their assets, and criminal acts on the part of our leadership have become commonplace. bank of america, jp morgan chase, hsbc are getting away with murder right now. the lending houses have been getting away with murder for a while. the shyt is obviously out of control at this point.
so i say all that to say, what can we do about this? what are some strategies for neutralizing 'The Money Trust?'
self sufficiency?
education?
community organization?
currency alternatives?