The Federal Reserve Conspiracy by Antony C. Sutton
February 18, 2010 by Bob Livingston
In The Federal Reserve Conspiracy, Antony C. Sutton has taken a complex subject and, with surgical precision, presented it in an easy-to-understand 115 pages.
“Since 1913 politicians and media have treated the Federal Reserve Bank as a kind of untouchable off limits semi-God… no one except certified crackpots and kooks criticizes the Fed. Conventional wisdom dictates that anyone who attacks the Federal Reserve System is doomed and Congressional investigation of the Fed would result in economic chaos and a disastrous plunge in the stock market,” Sutton writes.
Thus he begins to make his case that the Fed was created by bankers and their interests in order to create a money monopoly which enriched—and still enriches—an elite few and gives them complete control over the economic growth of the United States.
Sutton wrote this book in 1995—he died in 2002—yet it remains an excellent source for people interested in the conspiracy that resulted in the Federal Reserve.
Beginning with Alexander Hamilton’s efforts to establish a privately owned national bank in the European model, Sutton brings the reader through the history of the national bank movement in the U.S. He covers who was behind it and who opposed it, and why. Using their own words and writings, Sutton documents their motives and untangles the connections.
Sutton discusses the efforts by Presidents Andrew Jackson, Martin Van Buren and Abraham Lincoln to thwart the central bank crowd. And he covers the relentlessness of the elites as they work to institute a private central bank.
He also unearths a little-known document written by Clifford Roosevelt, a cousin to Franklin Delano Roosevelt, which was a forerunner to Roosevelt’s new deal. That manifesto, The Science of Government, Founded on Natural Law, written in 1841, proposed a totalitarian government without individual rights and run by an elitist establishment. The book has been removed from the Library of Congress catalog and only two editions are known to exist.
Clifford Roosevelt was, of course, one of the elites, hailing from a long line of bankers and legislators. In addition to FDR, Clifford’s relatives included Theodore Roosevelt, John Quincy Adams and Van Buren. So it’s not surprising he would advocate a totalitarian government run by an elitist aristocracy.
Karl Marx’s Communist Manifesto, written seven years later, contained many of the same themes as The Science of Government. Coincidentally, while writing his manifesto Marx was funded by a cabal of German and American bankers, and it espoused a 10-point plan to bring about the destruction of the middle class and establish control in the hands of the elite. Point No. 5 was the establishment of a central bank.
Finally, Sutton brings us to the secret meeting on Jekyl Island, Ga., in 1910, and the names like Rockefeller, Morgan, Warburg and the large financial institutions Guaranty Trust, Bankers Trust, First National Bank and National City Bank.
From there he documents step-by-step the planning, plotting and conspiring that went on right on through to the passing of legislation establishing the Federal Reserve, including the grooming of Woodrow Wilson to be president so he could sign the legislation into law. He uses the conspirator’s own words to show the lengths they went to in order to conceal from the American public what they were doing.
To wrap up his book, Sutton writes:
“The Federal Reserve is a private monopoly of money credit created by Congress under highly questionable circumstances which is beholden to the Chairman of the Board and whose decision cannot be changed by Government or anyone else.
“A free society under the rule of law? The United States has quietly become a hostage to a handful of international bankers. And just dare any Congressman challenge Fed authority!”
As a 1979 Federal Reserve Bank of San Francisco job opening announcement for computer programmers proclaimed: “Some people think we’re a branch of the Government. We’re not. We’re the banks’ Bank.”
“This confirms our discussion in this book,” Sutton concludes.