10 Reasons Why.....The Fed Reserve is CORRUPT | ZFS 76

I have ten reasons why the Federal Reserve should be something every American looks at sideways. And I promise even if you have heard the Jekyll Island story before there are a couple facts in here you probably have not connected yet.

We start with the name. It is not federal and it does not have reserves. As of March 15th 2020 the reserve requirement for American banks dropped to zero percent in response to Covid. Zero. We are operating an entire banking system on vibes and printed money.

From there I walk through the secret 1910 Jekyll Island meeting where six men representing roughly one quarter of the world's wealth snuck away from their families lying about where they were going to draft what would become the Federal Reserve Act. I walk through the Pujo Committee that found nearly half of America's banking assets were held by 180 people, wrote up damning findings, and then did absolutely nothing because the man who wrote the final report was already connected to the same banking houses he was supposed to be investigating.

I walk through December 23rd 1913 when the Federal Reserve Act was passed at ten thirty at night hours before Christmas Eve by 18 votes with 27 senators not present. I walk through World War One, the Great Depression and how the Fed could have stopped it but chose not to. I walk through the Titanic and who was on board and why that matters more than most people realize. And I close with the Rockefeller and Nelson Aldrich family connection that ties the whole thing together in a way that is very hard to call a coincidence.

And then I go one step further. I think central bankers lost control around 2001. Wall Street took over. Then private equity beat Wall Street around 2008. And now the tech bros and private equity are running the global financial system together. The Federal Reserve might already be a legacy system that nobody at the top actually needs anymore.

Transcript

SPEAKER_01 0:20

No producer in the studio today. It's just myself. Welcome into the show. Thank you for making it a part of your day. There's so many different things that you could consume. Being here to ingest a little bit of this show, I am honored. I am humbled. Today we're going into the foundation of our central bank, the creation of our Federal Reserve. Who's involved? What's true? What's just a cockamaney conspiracy? And what should we actually care about? I have a top 10 list for us today. If you've seen content of mine on social media before, you're probably accustomed to me reading from a journal. I want to make sure all of our notes and facts are straight today. And from the Federal Reserve's initial founding in 1913 to World War I, the Puho Committee, the Titanic, and how it connects back to the Rockefeller family quite directly, more directly than I hear most people talk about. So we're going to roll through this one today. As always, I would like for us to start with one thing. I'd like for us to think andor write out something we are grateful for. We're talking about a lot of dark stuff here on this channel. Episode 76 of uncovering the windy dark weaves that have rooted their way into not only our economic system, but how we uh operate in a political space, how we're operating with war. It's all I don't know. You get it. It's it feels weird. So what are you grateful for? I'll start. Um I'm grateful for yesterday. My daughter and I just got to pick berries out of one of our one of our little berry trees. I didn't even realize in the last three years that we've had it planted that the trees are edible by humans. I thought they were just for birds. It turns out they're not. I don't even know what kind of berries they are. My wife looked them up. My mom confirmed too. She's a big uh botanist, confirmed it. I will not die if I eat these berries. So don't go out and just eat random berries with your family. Look them up first. But I'm grateful for just getting to pick berries, eat some berries off the tree with my family. That was pretty cool. Let's get into it. We have 10 Federal Reserve facts that we're gonna walk through. I promise, even if you've walked through this story or heard uh the creature of Jekyll Island before, there might be a fact or two in here you don't know. And if for anybody out there that knows somebody that is just not convinced of corruption, just not convinced it's there, this might be the video to send to them. Number one, it is not federal and it does not have reserves. The Federal Reserve is improperly named. It is not federal and it does not have reserves. The Federal Reserve, our central bank, founded in December of 1913, is a private entity. Its aim is to act as an independent arm for overseeing monetary policy for our country, our rates, our flow of asset, or I'm sorry, our flow of liquidity, money.

SPEAKER_02 3:22

It isn't federal. So it's named right off the bat to strike a chord.

SPEAKER_01 3:28

Why is it named the Federal Reserve? Secondarily, it does not have reserves. What do I mean by that? Well, the only reserves they have, quote unquote, are that in which they print. We'll get into this a little bit later, but they have this thing called quantitative easing. A lot of people just label it money printing. At the end of the day, it is, but it's credit creation at their own whim. They can make money whenever they would like to buy up assets like bonds, like mortgage-backed securities. The point of it being, number one, is their branding is very, very powerful. Just like all things, they try to make things that are stealing from you sound a bit more patriotic in their name. And the Federal Reserve is no different. Because they are not federal and they do not hold reserves. Number two, the banks that they represent don't have reserves. Number two, the banks they represent don't have reserves. So the way the central bank works is they are the lender of last resort. Again, they can print money out of absolutely nowhere, but secondarily, they also hold money in reserve for other banks. All other banks in America that adhere to the central bank system have a certain amount of money they're able to hold with the Federal Reserve. And by holding that money with the Federal Reserve, they get paid a certain dividend based off the interest rate going at the time. Now, to be very clear, the Federal Reserve at one point in time required banks to have a some sum, just some, just a little bit, just a little bit of reserves with them. Okay, bank of last resort. It would make sense too to ensure a bank has five, 10%, 15% at minimum on hand with the Federal Reserve. Because if something were to happen, you got a little rainy day fund. You got a safety net. You should have a rainy day fund. You should have a little money on the side. You may not, you may be like, Shaq, shut up, but you hear me. Like, it makes sense, especially for the spine of the infrastructure of our banking system, to have a little bit of extra. Get this. As of March 15th, 2020, in response to COVID, the Federal Reserve dropped their reserve requirement from 5% to zero. That's right. There's 0% reserve requirements with the Federal Reserve now. So when I say they're not federal and they don't have reserves, I mean they don't have reserves, and even the banks they represent aren't forced to have reserves. So in a debt-based fiat economy, macro corporate favoring, neoliberal style, free market, uh all the banks operating on vibes and no required reserves. Little freaky, number three, is the most popular one. Jekyll Island. Have you heard of Jekyll Island? If you haven't, let me breeze through it. If you have, buckle down with me. So Jekyll Island was an island in Georgia. Georgia does have islands connected to the Gulf. They have they have ocean front. I actually know somebody who has like some ocean front and not not Georgia, Alabama. And I remember hearing that for the first time. I was like, wait a minute, you have you have an ocean front property in Alabama? And I always I forgot there's just not a bunch of just woods and pigs. It's that they have they have ocean front. So they go to this island. Who goes to this island? Well, six men confirmed eight men potentially. The six men that went to the island are Nelson Aldricht, Henry Davidson, A. Piot Andrew, Paul Vorberg, Frank Vanderlip, and Benjamin Strong. The two people who may not have been there are Nelson Aldrich's assistant and Charles Norton. Now, these men went to an island in Georgia named Jekyll Island. Specifically, they went to the Jekyll Island Resort that was partially owned by JP Morgan. Now it's important because JP Morgan comes up in financial lore all the way through the late 1800s into the early 1900s until he would pass away and hand it off to his son shortly before the Federal Reserve would pass. He would pass in 1913. But JP Morgan had just recently in 1907 bailed out the entire country. You heard me there? You heard me there? Listen to me. Listen to me. JP Morgan bailed out the entire country of America in 1907. And it wasn't the first time he also did it with the Rothschild family in 1896. Look it up. Bailed out the entire country. We were about to go insolvent in our debt. Especially in the late 1800s.

SPEAKER_02 8:27

So he had a little bit of pull.

SPEAKER_01 8:30

And so then in the quiet of 1910, they they sneak away by lying to their family. All the men that I mentioned, Nelson Aldrich, Henry Davidson, A.P. Odd Andrew, Paul Warburg, Frank Vanderlip, Benjamin Strong, all lied to their family. Said they were going on a duck hunting trip, got in an undisclosed cab in the back of a train, I believe out of New Jersey, to go down to Georgia, take a little ferry across a swamp to an island where they would stay six days to come up with the plan for what we have today known as the Federal Reserve. Now, these gentlemen were bankers. The gentlemen I mentioned were bankers, with exception of A. Piot Andrew, who was an assistant to the Treasury Secretary, and Nelson Aldrich, who was a senator and for all given purposes, he was the Nancy Pelosi of the time. He was the Nancy Pelosi of the time. He was the OG financial guy. They leaned on him for economics. And maybe I'm I'm I'm discrediting him by calling him Nancy Pelosi because I don't think of Nancy Pelosi as an economic savant. She's really good at giving her husband advice on trades. Maybe there's not maybe, maybe, maybe he was the Ron Paul of the time, but with a little more uh murkiness, because Nelson Aldrich put this meeting together to get all these bankers in a room, representatives of JP Morgan, of course, representatives of the Rockefellers, of course, Carnegies, of course, and through Cone Lobinko, the Rothschild family, Paul Warburg. So there's a little bit of everything in this room. Some say a representation of about 17% of the world's wealth at that very time was in that room, deciding what your central bank is going to look like. Do you think there could have been any bias with some of the largest bankers being represented in the room toward this system being built for, I don't know, bankers. Worth thinking about. So the Jekyll Island meeting happens in 1910. Two of the individuals at that meeting, by the way, because there's going to be people that hear this and they say, Zach, there's no guarantee that these guys had a six-day meeting that they lied to their family about, said they were going on a duck hunting trip. There's nothing to say they weren't just going to do drugs. They just didn't want their family to know about it. They were doing drugs. They went to Jekyll Island to JP Morgan's resort to do drugs. There's no proof these people had anything to do with the Federal Reserve. Yeah, it was a bunch of bankers, but bankers love drugs. There's no proof or line of evidence I can follow that shows that these gentlemen had anything to do with it. Well, here's number one. So I say number one. This is actually point number four. Point number one, it's not federal, it's not doesn't have reserves. Number two, the banks it represents don't have reserves. Number three was Jekyll Island. Number four, Aldrich the liar. Great men, these great bankers. And he'd present to Congress that same year the Aldrich Plan.

SPEAKER_02 12:05

The Aldrich Plan was a plan to create a federal bank. As we know now by the name the Federal Reserve. There would be one located out of New York, solely. And uh yeah, we need to pass this.

SPEAKER_01 12:25

And all of Congress pretty much said no. 85% said absolutely not. So it never made it out of Senate. Well, Nelson had a plan. He rebranded it and changed a few things and represented it. So initially it was called the Federal Monetary Act. They changed it to the Federal Reserve Act, as well as they say instead of having one bank just in New York, we're actually gonna have 12 total banks. So that's why there's a bank in New York, DC, that's where the board is located. That's why St. Louis has a Federal Reserve Bank. That's why there's multiple Federal Reserve Banks throughout the country now, is because of that. Because of the fact that when it was presented initially, Congress said this favors Wall Street too much. Why would we pass this? And then he rebranded it. Just to be clear on why this story, this little inkling, should be terrifying to you, is because he presented a plan, Nelson Aldric did, that was formed by bankers. By the way, also in 1907, when we had that state bank panic where JP Morgan bailed out the entire country, what do you think Nelson Aldric was doing? Nelson Aldrich put together a commission, himself at the head, to go to Europe and start meeting with other central banks in Europe and other bankers in Europe to discuss the possibility of a U.S. central bank, and he was taking notes from everybody. So he's taking notes from all the other central banks of Europe and the bank leaders of Europe, and then he comes back to America with a little bit of a better head on his shoulders on how it all operates. He gets all the banking leaders of notoriety into one room for six days in secret with lies to their own family to concoct a plan that is utilizing the notes he has from European bankers and banking families and the banking elites of the time. And I'm supposed to believe that that's for my best interest, that the creation of this is for my best interest. Okay, that's fine. Senators, you like senators lying? I don't like senators lying. This senator lied his tail off. He said it was his plan. It was a lie. And that lie kind of got sniffed out because here's point number five. The lie that got sniffed out led to what was known as the Puho Committee. The Puho Committee happened in 1912. Again, for our timeline, just to update, there was a state bank panic in 1907, which caused conversation around what they can do moving forward to prevent this. 1910, the Jekyll Island meeting happens and is presented to Congress as the Federal Monetary Act. It's shot down, goes back and forth in Congress a few times. They rebranded it a little bit, a shade here, a shade there. And then by 1912, there's a committee that's put together to investigate those that are behind the Federal Reserve and other legislation. It wasn't just about the Federal Reserve, to see if there is a large quote-unquote money trust that is running America. A money trust? Think of it like just a bunch of group of people who got together and said our interests align and our interests are making more money. Hey, why don't we try to make it so that we get all the money nobody else does? Okay. That's a money trust. I'm sure there's other ways to define it. Maybe that one's not even 100% correct. Think of it like a banking cartel. So you may be wondering how was there an investigation into whether or not this was some kind of banking cartel? When we can clearly see the people involved seem like this could be deemed a banking cartel. And yet this didn't stop it. Well, let me tell you what I think. So for years I've researched the Puho Committee now. It's been about two years of I've known of, I've dug into the Puho Committee. And just so we're aware of what the Puho Committee did, the Puho Committee got together to discuss whether or not and to investigate, and there were hearings, there were depositions of many people from the Morgan House and others as to whether or not what was going on was just some effort from the top to pull the strings to the of the bottom. Sound familiar? They found that forty-two point nine percent of the nation's banking assets were owned by 180 people. 42, almost half of the nation's banking assets were owned by 180 people. That one didn't even fill up a hotel ballroom owned nearly half the nation's banking assets. And what's interesting is when I look into the Puo committee, what I find is by the numbers, they proved their point. They found that about four banks were financing about half the nation's wealth, and that it was being held by just under 200 people. But what I find is actually nothing came from it. Why is that? Well, when you read the final document of the Puho Committee, their findings, you'll find it was written by a gentleman named Samuel Untermeyer. Samuel Untermeyer is a very well-known uh corporate lawyer at the time, who had been very, very much involved in the very initial trips that were being made to Europe by Nelson Aldrich. In fact, he, by most accounts, he met with Samuel Untermeyer when he was in Britain. So there's already a connection here. One that leads me to think, hmm, why were they already connected prior to this? Samuel Untermeyer is in charge of leading the investigation on the court floor, presenting the questions. And he was the one who wrote up the final investigation findings and said that though there's a lot of money held in one place, there's no evidence that it is a concerted effort, that it was purposeful. It just kind of happened. There's nothing we can do about it. And that's it. That's kind of how it all lays out. That's kind of how it all lays out. And what's again frustrating about this is you read the numbers from the report, and you're like, wow, the gilded age was really gilded. And then nothing happens. No, no arrests, no uh monopoly, but you know, breaking up monopoly will be like any antitrust legislation, no, no, no forced sell-offs, no nothing. Nothing. Uh and Samuel Untermeyer also has a very close relationship with one of the firms that was represented at the Jekyll Island meeting, Kuhn Lobenco. And Kuhn Lobenco is based out of another European banking house. Another banking house that's also very close with the Rothschild banking house. And Samuel Untermeyer was a big central banking guy. He knew the Puho Committee if he were to release some findings saying, yeah, this is this is really bad. We need to do something about it.

SPEAKER_02 19:42

We'll probably hold up the central bank.

SPEAKER_01 19:48

I'm gonna do a whole other episode on the Puho Committee. There's more to be found. Number six, December 23rd, 1913. You with me? Stick along. We're not gonna go long today. We're not gonna go long. At the end of this, you're gonna understand all, or not even all, the top 10 reasons the Federal Reserve should be something you look at with a side eye. Especially, bonus fact we're about to get a new Federal Reserve chair. 2026, he just got finalized. He just got finalized. June will be his first full month in service as our Federal Reserve Chairman, Mr. Kevin Warsh. Mr. Kevin Walsh is the son-in-law of Ron Lauder. Ron Lauder is the CEO of Estee Lauder, LLC, makeup beauty cosmetics. They own about 9% of the global beauty industry. Ron Lauder, I have a very close confidant that I did business dealings with, communicated with regularly, got lunch with, exchanged financial information with, Jeffrey Epstein. So when we talk about the corruption that existed a hundred and say 15 years ago, the reason I do so is because I see similar patterns unfolding today. When Paul Warburg, member of the Jekyll Island meeting and connected to the Kube, Lone and Coes, the Rothschild family type banking families back in Europe and other banking houses back in Europe, I see that he also was eventually made the board member? Is that right? The DC board member of the Federal Reserve. That's weird because the Jekyll Island thing is just a conspiracy. So why would someone who is who is there be on the board of the Federal Reserve? And then Ben Strong, another person who was at this meeting, why would he eventually be the chairman of the New York Federal Reserve? Actually, its first chairman in 1914. Again, I asked these questions because I myself want to know: is this conspiracy? Is this cockamine? Am I wild for for bleeding these lines together? Do we have actual facts? And I have People who are at this meeting then ended up becoming a part of the leadership appointed by Woodrow Wilson, the president himself, who was campaigned by and lobbied by the same exact millionaires at the time would be billionaires today, that wanted this central bank. So he's told by his lobbyists to do it. He does it, and then he appoints the people from this meeting to lead it. All while there was a PUOO committee somewhere in the middle that found all the evidence they needed to stop it, and they didn't. And then we get to the actual founding of it. December 23rd, 1913. Here's a just this is gonna be a quick one. This is number six. You ready? At 10:30 p.m. at night, I've seen some reports that say it was even past midnight. Every report says late at night. December 23rd, 1913, which means we are mere hours away from December 24th, Christmas Eve. The Federal Reserve Act is passed at a vote of 43 to 25, which is an 18-vote difference. Okay? 43 to 25, the Federal Reserve Act is passed hours before Christmas Eve, late at night, won by 18 votes. You want to know why this is number six? It passed by 18 votes, and 27 lawmakers weren't present.

SPEAKER_02 23:28

27 of the senators weren't present.

SPEAKER_01 23:33

27 of the And I don't even know what that means, because that means there's only 95. Were there not a hundred senators back then? I don't even know what the n Why were there so many not present?

SPEAKER_02 23:46

Why is that not scrutinized more? Number seven. All wars are blank wars. We're just having fun. All wars are blank wars. If you said necessary wars, nope.

SPEAKER_01 24:20

All wars are not necessary wars. You said all wars are promised to you three thousand years ago.

SPEAKER_02 24:30

Nope.

SPEAKER_01 24:32

It's that all wars are banker wars. You guys, some b okay, this is not a conspiracy. Listen.

SPEAKER_02 24:41

Listen to me. War is expensive. War is insanely expensive.

SPEAKER_01 24:51

And and prior to prior to a country having a central bank that could freely print money, create bonds, create new debt that allowed for them to be able to buy what was needed for war, uh, it was a very difficult venture. Abraham Lincoln, pretty famously, when you look at the history books, backed away from the idea of having the North Side funded by private banking entities. Some say the Rothschilds approached him. It's hard to confirm when there's no money that actually exchanged hands, but we know that he didn't. He introduced something called the Greenbacks, which was his way of funding the war. But we saw that within decades, just a couple decades, that we would go into a crisis that would lead to the need for a private bailout to the tune of $65 million by JP Morgan and the Rilchilds in 1895. Then just another decade later, another panic, another big bailout by a private entity. So we could see that private entities already were gaining control over will America fall or will America survive. Their money was what was going to make or break that. Then we get the Federal Reserve implemented by the same exact people. Okay, this this is the part where I think I think psychologically it should really hit for you.

SPEAKER_02 26:15

I want you to be JP Morgan for a second. You're JP Morgan. Pierre Pomp Morgan, baby. Okay.

SPEAKER_01 26:25

You in 1907. Okay, let's let's just bring up to modern days. Let's make this really relatable. You're JP Morgan, it's 1907. It's you. You're very rich. You're running the largest banking house, if not in the world, at indisputably America. Your control is international. Your aura, if there was social media back in the day, J.V. Morgan probably has some crazy aura. I've seen I've seen the little pictures of him. Dude had a feel about him. I could tell, I could tell he had a walk. He's one of those guys, you walk in a room and everyone kind of gets quiet. He set a tone. And he set the tone by being the financial king of the world at the point at that time. Again, at least America. Here's the point: you're JP Morgan. You just got the opportunity of a lifetime to bail out America. Why is that an opportunity of a lifetime? Because he didn't give away $65 million worth of gold. He loaned. $65 million worth of gold. Do you know who's guaranteed? By the way, if you're J uh Mr. Pierre, John Pierre Pomp Morgan, and you have the opportunity to lend $65 million, just and that's easy for you. Okay. $65 million and go easy. Me and the Rothschilds, that's my boy. We got this. Easy. You get that opportunity to get paid back that money at interest. Who would you rather be the people who are bearing that debt?

SPEAKER_02 28:08

Would you rather A loan it to a business who's looking to expand?

SPEAKER_01 28:16

B loan it little by little to the normal everyday folk trying to finance their lifestyle and grow here in America.

SPEAKER_02 28:26

C. Loan it to a country who's guaranteed to never default on that debt. C is probably the decision you're gonna go with.

SPEAKER_01 28:43

If you loan to just a bunch of people, a bunch of normal plebs, little goy sheep, come on. I know not all of you are gonna pay me back. You don't respect me like that. You don't respect my money. Be gone. Be gone. I have banks for that. I have entire banking systems for that. Go talk to one of my tellers. And then if you were to look at a business side, like there's upside, there's risk though, of the possibility of that company, that business not doing anything, not making any money. But what's in your guarantee that a country will pay you back? That a country will pay you back. You have the opportunity to let into an entire country. It's a pretty good bet. And they need a lot of money.

SPEAKER_02 29:30

Okay, you're still James or John Pierre Pop Morgan. Now let's go to 1907. Another giant bailout.

SPEAKER_01 29:41

Another awesome opportunity for the Morgan House to grow. Another political clout moment where you got to step in and save the country. Now you've done that back to back within a decade. You have unlocked possibly the greatest investment that you could possibly have. The American capitalist system is indebted to you. And there's a good chance they're gonna come ringing your doorbell again.

SPEAKER_02 30:16

So then why would James I keep saying James? Damn it.

SPEAKER_01 30:21

John and Pierre Pompe Morgan set up the meeting place, have representatives present, and even have some of those representatives go on to lead the Federal Reserve.

SPEAKER_02 30:38

If not having a Federal Reserve was the best possible investment for him.

SPEAKER_01 30:43

Like, think about it. You've created one of the best investment opportunities for yourself, and then you're gonna go and simultaneously create the entity that takes you out of the picture?

SPEAKER_02 30:57

He created his own he created his own replacement. Why?

SPEAKER_01 31:04

Why? Could there be no ulterior motive behind the scene? Could could there be no possible motivation of maybe creating an ecosystem where there's a constant bailout happening at all times? That they don't have to go and hit up JP Morgan anymore. They can just add money to the system. They can just sell off bonds. They can just make interest from everything. You don't think that the guy who is able to imagine you can bail out an entire country and then you go and build your replacement. I'm gonna leave it there. Number seven. That was number seven. What are you doing, Zach? World War I. Number eight, the Great Depression. Okay, the Great Depression could have been stopped. This is well documented. This is not conspiracy. The Great Depression could have been stopped. Okay, and that's easy to say kind of economically because hindsight's always 2020 in economics. You can always look back, and there's gonna you can find people speculating all day on here's how we could have stopped the panic of 1907, here's how we could have stopped the gold shock of 1971, here's how we could have survived this oil embargo in the 70s. Like there's there's there's always, you know, the dot-com bubble, the great financial crisis we could have avoided by doing X, Y, and Z. Hindsight's 2020. But there's a lot of evidence towards some egregious decisions that were made by the early Federal Reserve that could have indeed prevented, if not softened, the Great Depression. Now, the Great Depression, just as you're aware, just as you're aware, people were trading seashells as money because they had no cash. Just imagine for me, real quick, in a world of Apple Pay, how bad would it have to get for you to start trading with an inanimate object? And for not only you to show up with the inanimate object, but for also the person at the store to say, Yes, I do take this inanimate object as currency. Thank you. Just imagine how bad it would have to get. So it was pretty bad. Now, there was also an unemployment problem. Great depression. 25.7% at its peak. More than one out of four. Just we'll just call it one out of four. One out of four individuals unemployed. Just for perspective, the height of 2008, it was one out of ten. 10%. So one out of ten versus one out of four. It was pretty bad. It was pretty bad. Now it started, it started one of the big one of the biggest shocks outside of the stock market was the United States Bank of New York. And the United States Bank of New York was one of the giants. Um it was like the the the whale that falls in the ocean and creates all the other waves. It's a really stupid analogy, but you get what I'm saying. It's the one that fell first and created all the ripples. Now, the Federal Reserve was initially created in 1913.

SPEAKER_02 34:15

Guys, I'm realizing I just went through all of seven and I didn't hit you with the punch at the end.

SPEAKER_01 34:25

Um the Federal Reserve was created in December 23rd, 1913, and then seven months later, uh, because all wars are bankers' wars. Seven months later, we started the Great War. World War I. Federal Reserve funded it. JP Morgan also heavily funded us and our British and French allies. All wars are banker wars. Win or lose. There's a lot of financing, and governments always pay their debt. So, okay. Sorry.

SPEAKER_02 34:53

Back to the Great Depression.

SPEAKER_01 34:56

There's a book by a man by the name of Milton Friedman. He is an economist, uh, most well known for being the person who helped craft Reaganomics. So you may already love him. He wrote a book called The Monetary History of the United States. And in that book, he made a pretty audacious claim. He stated that the Federal Reserve 100% failed and could have prevented the Great Depression, but instead created the Great Depression by A having rates too low for too long through the 20s and then raising them too quickly too much. So that caused a shock. That shock led to a credit freeze. People couldn't afford to get as much in loans or in financing and credit. When that credit freezes, investments stopped going up infinitely. And all throughout the 20s, speculation in the stock market was sending stocks up pretty much infinitely. So when all that got met together and people started going to the banks to say, you know what, I don't have nearly as much money as I did. I'm not nearly as liquid as I once was. Maybe my investments aren't hitting the way that they were. I'm going to take out my money. Well, little by little, that started to build up. And with money not coming in, but money moving out, banks started to experience a tightness in liquidity, leading to an eventual bank failure by the Bank of the United States, New York. Of the bank, the United States Bank of New York, which by the way was not a federal bank. It just was called the Bank of the United States. Just like Bank of America today is in a central bank. So the Federal Reserve could have stepped in immediately during this potential failure when it was going through what's known as a bank run, when multiple people are showing up for their money and they're realizing, oh my God, we don't have all the money needed, which by the way is how our current banking system works today. Only about 10 to 15% of all the money held in banking reserves actually physically exists. So this domino effect that happened then could happen at nauseum today if we allowed it. Everyone's running to the bank. Bank doesn't have enough money. The Federal Reserve could have stepped in and provided the funding needed, provided the credit needed for them to survive. And then the Great Depression probably doesn't domino and start what it started, where hundreds of banks would fail, people would trade with seashells, and we'd have a quarter of the nation's population unable to find labor. Let me pull up this quote real quick because I feel it's worth reading verbatim. This is a quote from Ben Bernacke, at the time on the board of governors for the Federal Reserve, but then would go on to lead the Federal Reserve as its chairman, the Jerome Powell of the time. At Milton Friedman's 85th birthday party in Chicago, Illinois, I believe this was in 2003. Might have been 2002. Ben Bernanke got to speak. He gave a really long 40-ish minute speech, pretty boring, albeit. And at the very end, addresses Milton directly. And it's about his book. Ben Bernacke says, Let me end my talk by, let me start a little earlier. He says the best thing that central bankers can do for the world is to avoid such crises by providing the economy with, in Milton Friedman's words, a stable monetary background. For example, as reflected in low and stable inflation. Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and to Anna, his wife. Isn't what you do day to day already in the Federal Reserve in modern day? Heck, we saw it all throughout 2008. What do you mean because of people like you? That's the part that pisses me off. It's not even the admitting it, it's the because of people like you, like he's some hero. Like you didn't clearly and obviously know at that time if this bank fails, the largest bank of the time and the largest city at the time still is the largest city in New York. This wouldn't cause a large ripple effect in terms of credit and labor. What that leaving rates too low for too long post-war and then only to shoot them back up wouldn't lead to incredible wealth dissipation and a wealth transfer to the top, while the bottom side of the K has a 25% unemployment rate and can't find work. That seems a lot like today. No, it's it's it's it's not like today. I don't I don't want to even be funny with that. The Great Depression was a tragedy uh for the working class. And many people talk about, hey, our market could collapse today and it could be like the Great Depression again. Really go back and study the Great Depression. Really go back and study the Great Depression because I don't think we're ever gonna get to a point besides a Mad Maxian apocalyptic war that leads us to feeling like the Great Depression, at least especially in the western side of the country. Okay, number nine, and then we're gonna finish this one off. Number nine, Ben Strong and Paul Warburg. Now, I already mentioned this before. These are two gentlemen who are at the meeting. I think it is extremely imperative to involve in the argument around the Jekyll Island meeting being the 100% factual uh string that connects the Federal Reserve creation to where the ideas were generated. Okay, where do the idea populate for what would eventually be our central bank? The Jekyll Island meeting of 1910. To further prove that that was the idea tank for what we would know a few years later to be the Federal Reserve. We can also look at who would lead the New York Federal Reserve, who would be their chair, the very first one, appointed by Woodrow Wilson himself, Benjamin Strong, who was at the meeting.

SPEAKER_02 41:27

Frank Vanderlip. He's the president of the national city of the Bank of New York.

SPEAKER_01 41:34

A bank that actually would receive funding to keep it upright during the Great Depression. Paul Vorberg. His brother would go on to sit on the board for the German central bank, the Reich Bank.

SPEAKER_02 41:49

APIn Andrew, an assistant at the treasury, another government official. Why was he even there? And Paul Vorberg would sit on the board of the DC Federal Reserve from 1916 to 1918.

SPEAKER_01 42:08

And then by the 20s, Frank Vanderlip would actually be the first person to be documented as saying that meeting literally did happen. That those gentlemen really did secretly meet, lie to their family members, said they were going on a duck hunting trip, went only by their first names, didn't want to say any of their last names out in public. They didn't want anyone in the public knowing that in the depths of a current recession that was bleeding on from 1907, only being held together by the private money of the Morgan House, Jean-Pierre Pomp Morgan, that bankers were secretly meeting to create the next financial infrastructure of the United States of America, which by the way was not the first time we've tried this. We had two Federal Reserves before. We had two central banks before. Alexander Hamilton, that whole movie, that whole that whole Broadway thing, that was about the creation of the first Federal Reserve, essentially, the first central bank. And then in the 30s, Andrew Hamilton would come along for the second charter that we had, second national bank that we had, and say, this is a terrible idea and only feeds bankers. This is not for the people. We do not need this. So the fact that the people that were at the meeting ended up also feeding into the leadership of that very thing, I think is the smoking gun. I think it's the smoking gun. I think the fact that there was a Puho committee to study whether or not this was a money trust, they found the evidence of it being it, and then nothing happened, is a smoking gun. The fact that it was founded at the dead of night near Christmas, with 27 voters present in an 18 vote difference, I find is a smoking gun. The timing of it being founded right before World War I started. You don't find the timing at least a bit suspicious. Suspicious, or it's even legitimacy in today's financial markets for it to be able to just print money agnostic via quantitative easing to buy up bonds from other banks and not even hold those other banks to any form of reserve requirement. Are they really a safety net? Or are they a money generation mechanism for the very elites that help set it up?

SPEAKER_02 44:21

Let's get to number 10. Nelson Aldrich. I still have a question for Nelson.

SPEAKER_01 44:33

And in fact, if I could put together a blunt rotation of some of the darkest individuals to ever walk this planet, just so I could get an hour to just like hear them spew. Assuming they're dead now, so they're gonna be real. What do they gotta lose? They're not gonna go to jail. As soon as the blunt's done, they're going back to hell or wherever they're at. I'm not good. God, I can't judge, but I got a good idea where some of these people ended. You know, I would probably say get me Andrew Carnegie. Get the Dodge brothers and Henry Ford over here.

SPEAKER_02 45:12

Get me Nelson Aldrich, Attila the Hun, and Michael Jackson. Yeah. I think that's what I'd do.

SPEAKER_01 45:25

And Rabbi Schmeerson. Yeah. I think that would be my blunt rotation. To Nelson Aldrich, I would want to dive into brother. Why did you do this? Why did you do this? Because let me get a quote from Woodrow Wilson for you. The man who would end up signing the documentation for the Federal Reserve Act, uh, was lobbied for his position to become president by the same people who wanted this central bank and would put the people in place in the Federal Reserve into their leadership once it was founded. This is what he had to say later on. This is quoted as apparently coming from a memoir of his in the early 20s. So this is about a decade past from when the Federal Reserve Act did go in. He said, yes, the Federal Reserve Act, which I signed, allowed our system of credit to become too concentrated. The growth of the nation and all of our activities are in the hands of a few men who, even if their action be honest and intended for public interest, are necessarily concentrated upon the great undertakings in which their own money is involved. We have restricted credit, we have restricted opportunity, we have controlled development and dominated governments in the civilized world. And now we have a government run by the opinion and duress of a small group of dominant men. End quote. Maybe JP Morgan walked in with a st with a flat Millie, which at the time is like, God, we're 80 years before Who Wants to Be a Millionaire comes onto the scene. That's a lot of money. That's a lot. A million dollars today is like six years worth of living. It's it with a family, maybe eight. Maybe eight. Skimp, skimp, no date nights, no vacations, maybe that's stretching you 10 years. Maybe. Maybe. Which by the way, if you win a million dollars on Who Wants to be a Millionaire or any game show, you're actually taxed pretty significantly.

SPEAKER_02 47:38

I think the rate is close to 50%. Nelson Aldrich might have just been handed a million dollars.

SPEAKER_01 47:48

Said we need you to do this. But I'd I'd like to think that there's something deeper, something more tribal, primal, instinctual about what happened here. Something that I can draw a much closer line. Because it's easy to say, oh, we must have been paid. Like we do that today. Like we do that. I went to Kentucky with a bunch of creators to help Thomas Massey, and people were writing articles about us on Yahoo and MSNBC. Like, oh, these Qatari funded content creators. Like, I didn't, I haven't received any money from Qatar. I wish they'd pay for my gas. This is a long trip out. If they want to throw something in the Venmo, I'm all I'm all game. But uh to just immediately say, oh, they disagree with my opinion. They must be getting paid, I think is a little weak. So I'm not gonna sit here and do the same thing. So Nelson Aldrich, again, no rookie in the Senate, very well respected, the financial OG, put together the commission at his own whim, put himself in charge of it, went on an all-American expenses paid trip to Europe to meet with central bankers, then goes to Georgia, formats his Federal Reserve thing, and then is one of the people put on the stand, questioned by Samuel Untermeyer during the Puho Committee. What was his motivation for all this? Did he really believe in it? Did he really think this was the answer to keep us from going through these state bank panics? Did he really think that? Maybe. I gotta leave that option on the table.

SPEAKER_02 49:16

We're gonna put it right here. Maybe. But there is a pretty not obvious, a pretty alarming connection to his family.

SPEAKER_01 49:34

So he has a daughter named Abby. His daughter, Abby, gets married in 1901. So 1901, we are six years prior to any state bank panic. We are nine years prior to any Jekyll Island meeting. We are 12 and a half-ish years, because it was the end of 1913 from the founding of the Federal Reserve timeline. She gets married to a man named John. John Jr. John Jacob Jingleheimer-Schmidt. As you know, his name is my name too. They have a baby. Baby in 1908. So we are in the state bank panic. JP Morgan's probably already bailed out the country at this point. Money has exchanged hands. And they have a baby. The baby that Abby and John would have would be named Nelson Aldrich Jr. Isn't that the cutest? Abby, son of Nelson Aldrich, have a child. Abby and John get married in 1901. They have a child in 1908, a few years before the Jekyll Island meeting, and they name it Nelson Aldrich. Oh, so cute. But for those that are paying attention, uh, you may be wondering, how did she keep her last name? How did how did the baby how was the baby's name Nelson Aldrich if she got married to somebody else? Well, that's a fantastic question. And the answer to that question is Nelson Aldrick was the first and the middle name. I haven't told you their last name. So in 1901, Abby and John Jr. get married. In 1908, Abby and John Jr. have a baby. Baby's first name, Nelson. Baby's middle name, Aldrich. Now again, I'm looking for smoke when I'm looking into these things. I'm looking for a stacking of smoking guns. Because, to be honest with you, I didn't even bring up the Titanic and the three individuals that had a very stern voice against the Federal Reserve. I think there were the Guggenheims in them. I think they're worth looking into. But at the end of the day, the three gentlemen that did go down in the Titanic, that was indeed funded by JP Morgan, who did indeed have a ticket to be on his own boat that he financed because his financing led to the creation of the Titanic. His financing was behind the communications devices that were utilized and failed the Titanic and sending on emergency broadcasts to help them as they hit an iceberg. All these things are true, 100%. But a few things are also true. JP Morgan was really old at the time. There's a very good reason for why he may not have wanted to go on gone on that cruise. I don't want to go on a cruise, and I'm 32. So I get it. Even if he financed it, like he's he's almost dead at this point. He runs the financial world. He just profited off of the freaking uh the Federal Reserve being created. He knows that's in the in the forefront. He knows there's no reason for this guy to be like, I gotta go on a cruise. I have to, it's just something I have to do. It's political, Mary. He doesn't have to do that. Also, the three people, though rich and though adamantly opposed to the Federal Reserve or any central bank, didn't have any say in the matter. They weren't lawmakers, they were wealthy, but they were like top 20 wealthy. We're not talking top three wealthy. And if you're like Zach, that still means they're wealthy. True, but think of the top 20 wealthiest guy on the planet today versus the top three. Okay? There's a big difference. So I think there's things that we could talk about. There's about 15 other line items I could go through that are other guns that do provide some smoke, but I want to go straight for the smokiest ones. Because that's that's what proves to me whether or not there's actually something to find, or if I'm just digging in a pile of mud. No, I believe the Federal Reserve was indeed founded with motives that were elitist focused, that had people behind it that were filled with lies and greed and lust for power. I believe that the infrastructure and how it's set up to monitor our monetary policy, especially in modern day, has failed. It's failed. It failed during the Great Depression, it failed during the greedflation post-COVID. It has failed. And the new person being put in charge of it is an old college buddy's son-in-law, Epstein list associate, Ron Lauder's son-in-law, Kevin Walsh, who has been on record many times saying he just wants to fight inflation. He couldn't give a damn about that job market. And in a time where AI and automation is going to be replacing those jobs, I don't see the timing as very opportune for the working class. And that's my main theory, is that the Federal Reserve was never put in place for the working class, not even close. Though its main two mandates are to keep prices stable for the working class and to ensure that the working opportunity for the working class is there. They have the job market as one of their two mandates to keep it stable. They don't do a good job of it. There's no real discipline if they're not good at their job. And frankly, their entire history has just been laden with well, if hindsight was 2020, we actually would have done this during the 70s when Paul Voker did that to rates, or we would have done that during the 90s, or we should have done this during the Great Depression, or this is how we could have handled COVID. It's a lot of hindsight, not a lot of proper action. So do I believe that they're in place for us? No, I think they're there for bankers. So it would make sense if I found a banking family that got him not just paid, because again, that's easy. That's easy for me to sit here and say, I think he was handed a big shiny envelope by a Carnegie and was told to do this. And Carnegie wasn't even a banker, so he wouldn't have even been the one to do it.

SPEAKER_00 55:27

But I found something better than money.

SPEAKER_02 55:30

I found blood. I found blood. His daughter Abby married John D. Rockefeller Jr.

SPEAKER_01 55:45

in 1901. John D. Rockefeller in 1901. And then in 1908 had a child, had a child. By the way, you know how it feels to be knighted? I don't. My name is not Sir Zachary Faust. It would be pretty cool. But I'm also not British, so I don't think that's a thing that they can do. I'm German.

SPEAKER_02 56:10

Faust!

SPEAKER_01 56:11

I'm German. That means Fist. And what's funny is most people's last names, like especially back in the day, kind of like has an inkling to do with what they did as a job, you know, like blacksmith and things like that, farmer. What is someone with the last name Fist doing for a job? I really want to know. I'm really curious. I don't know if I want to know.

SPEAKER_02 56:31

I do want to know.

SPEAKER_01 56:35

It must be pretty cool to see, like, to have a sword put on your shoulder and like we hereby knight you, sir, Nelson Aldrick. That would be cool. And if he was knighted, I'm sure that he would be willing to do a favor or two more for the European people, the British people, because he's got a little bit of skin in the game, right? Right? You do things for your family. You got skin in the game. That's your blood. You would do anything for your blood. You would do anything for your people. That's good, by the way. I love that. I'm not shouting you out in negative light. You would do anything for your people. I love that. So let's take that same evidence.

SPEAKER_02 57:13

Let's add in millions of dollars worth of money. And let's go ahead and say that in 1908, his daughter, married to John D.

SPEAKER_01 57:26

Rockefeller Jr., goes ahead and has a child named Nelson Aldrich Rockefeller. Nelson Aldrich is immortalized in the Rockefeller tree. And that man, by the way, Nelson Aldric Rockefeller would go on to be a strong political figure.

SPEAKER_02 57:44

He wasn't some nobody. He was grafted into the Rockefellers. Whoa!

SPEAKER_01 57:56

I mean, is it a memo that says, I hereby state, Nelson Aldrich, as thine eye be by name, will henceforth carry out the will and duties of the great Rockefeller dynasty as my daughter has married into the great bloodline of the Anunnaki. No, I don't think that. I don't think that's that document exists. Alright? I don't think that document if there was a document for, say, like, I don't know, like the creation of Israel. Like people want to say the Rothschilds created Israel. So imagine there was a literal document that was written that said, you know, Dear Lord Rothschild, it's Britain. We're gonna we're gonna give you Israel for the purpose of Zionism. If that document existed, I huh what?

SPEAKER_02 58:52

The Balfour Declaration, that does exist. Okay. I thought it was being anti-Semitic. Is real? Oh shit. We might be occupied, bro.

SPEAKER_01 59:06

That okay, okay. I'm being told to look up the Balfour Declaration. Apparently that exists. But for the sake of the Federal Reserve, I can't find a quote unquote Balfour Declaration, or however you pronounce it, uh, in history, but I see a lot of smoke. I see a lot of smoke, and when I see smoke, I see fire and things are burning, and I see the economy right now is kind of burning itself up from under, and the only people that are benefiting from it are the same elitists that helped put it together. So uh and and let me let me paint you an even grimmer picture of what I truly view the Federal Reserve as. I think central bankers kind of lost control in the early 2000s. Hear me, let me catch a drift. Uh catch this wave or get on the next one. I think in around 2001, 2002, Wall Street took control from bankers. And then somewhere in around 2008 to 2010, private equity and transnational capital rose to compete with Wall Street and then beat Wall Street in terms of financial dominance in the world. And now I think there's a there's a conglomerated effort between the tech bro society and private equity that are running things financially for the world, uh, not just America, for the world. And I think central banking is like second or third in line at this point. So why that should be even more frightening if that were to the case, were being the case. Um, it means that the tech bros and PE want a completely different world than what bankers had envisioned. They want surveillance state, they want digital ID, they want low government, a small government, they want and when I say small government, I mean they want drones floating over every neighborhood that are conducting 24-7 surveillance with infrared cameras, but uh they want small government and they want an intertwined uh government. They they don't they don't want uh their elitist money to be separate from leadership. They want to be the leadership, and that's not in line with the bankers, uh at least the old cartelli banking families of the day. So we could be very well operating in like Windows 97 of banking ideas, meanwhile, we're all the way up to Windows 11 uh with the tech bros and what they're looking for. I don't what's the most recent Windows? I don't even know. What's the most am I behind? Is Windows 11 behind? I might be very behind in my Windows, but you get what I'm saying? If they're not in charge, if they're not really calling the shots at this point from the top, and their system is just outdated and just some legacy system that's kind of just there as a private entity that operates as an arm of the US financial system, and these tech bros don't even want to utilize the dollar in the future, then why the heck is it here? They probably don't care that it's floundering. In fact, they could be utilizing it as a slow cooker to slowly boil us like the frogs from within the American economy. You tackle war onto that, some inflation that comes from different war fronts like Ukraine and what's going on in Iran, and all of a sudden you're burning everyone from within. And then Peter Thiel just moves to Argentina. We're finding other smoke that we can travel down and touch on in other episodes. Today I'll stay in my lane and not let the ADHD fire us too many different directions as my brain begins to spiral. I hope that you find some gratitude in your day, some light, some bright. You are your greatest asset, as we always say. Pursue whole wealth in your brain, your body, and your spirit. I love you. Take care of yourself, read, go take a walk, bring in some silence to your life, and enjoy the people that mean the most to you. I love you, and if you give me 10 seconds, I'm gonna go over and press a button on my soundboard to finish us off.