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How the Federal Reserve Got Started

Colonel Edward House Widely respected for his intellect and political acumen, Colonel Edward House was Woodrow Wilsonís most trusted advisor - until Houseís apparent compromises at the Paris peace treaty negotiations tore their friendship apart.  Born into a wealthy Houston, Texas family in 1858, Edward House's cotton plantations made him financially independent for life. Although he declined public office himself, House devoted himself to Democratic politics.

The Texas Network: Colonel Edward Mandell House and Jesse Jones greased a political machine composed of Texans with whom he had been associated in business and banking. It is the network to which they gave power which maintains power today. It is that network that explains who Halliburton is. Without understanding the past, we can never hope to understand the current power structure—how it thinks and how it works. [... It is no mere coincidence that three of the last eight Presidents allegedly “elected” by the people of the United States have claimed Texas as their residence. The disproportionate influence asserted by Texans stems no more from a coincidence than does the fact that the election of 2004 pitted two members of the Yale secret society Skull and Bones against each other. Identification of the financial/political network (some have used the term “cabal”) which rose to power in 1963—and which is so reluctant to relinquish that power—is of urgent importance in order to change the paradigm that has taken America ever closer into the grips of globalism.  Just as Brown & Root understood that maintaining political power is a necessary step in order to assure its continued access to government contracts, the contracts themselves helped to determine what policies those politicians, whose power was contingent on continuing to feed contracts to the network which elected them, would pursue. It is a vicious cycle that, in the hands of Texans, always becomes deadly and dangerous. 


In Philip Dru, Administrator House laid out his plans for an efficiently run new world order—a model for rule by a beneficent executive officer in whose hands power would be centralized. The legislative agenda necessary to accomplish that ideal government was systematically put in place during the Woodrow Wilson administration (1913-1921) through enactment of: The Federal Reserve Banking System (Owen-Glass Act, signed December 23, 1913) and The progressive federal income tax (Sixteenth Amendment, U.S. Constitution, ratified February 3, 1913). 
House was assisted in his effort by other behind-the-scenes advisers (in a curtain-behind-the-curtain sleight-of-hand maneuver), the most important of which was the German Jewish banker Paul Warburg. In 1907 Warburg met Senator Nelson Aldrich, who visited [Jacob Schiff’s office at] Kuhn, Loeb to ask how the Reichsbank issued treasury bills. Schiff didn’t know and summoned Paul. By the time Aldrich left, an enthusiastic Paul mused, ‘There marches national bank currency and there goes currency reform.'
The distribution clearinghouse Warburg designed, which was modified by Congress before final passage, is comprised of an elite class of bankers who are shareholders of the private centralized banking system granted power in 1913 — a class whose ultimate goal is to break free of any legislative or judicial constraints and to govern the country much as Philip Dru was allowed to do in Col. House’s warped imagination.  The bankers operate within twelve separate regions of the country, each of which is governed by a separate governing board.  Col. House’s challenge after the Act was passed (but before the system was actually operating to its full extent) was beginning to put in place the administrative infrastructure he had laid out in his book. As individuals in power tend to do, he sought expertise for his experiment only from his inner circle of acquaintances. 

  1. Taft Family ...   Taft, Russell, Schiff, Harriman, Bush, Warburg, Guggenheim, Rockefeller, Stimson, Weighouser,  Vanderbilt, ...
  2. 1% Power Elite Networks ... (Geithner became president of the private-equity firm Warburg Pincus when he left the administration; Orszag became Citigroup’s ...
  3. 1924 America's 1% Exposed ... (now PPG Industries ) 26 Warburg Family Kuhn, Loeb & Co. 27 ...
  4. SUGAR THE FIRST DRUG ... Senator Nelson Aldrich. 1902 Paul and Felix Warburg emigrate to the United States. 1902 The Chicago Health ...
  5. The Beginning of the Federal Reserve System ... most important of which was the German Jewish banker Paul Warburg. In 1907 Warburg met Senator Nelson Aldrich, who visited [Jacob Schiff’s office at]
  6. What's Left Out of the Official U.S. Federal Reserve Curriculum ... Baruch as Chairman of the War Industries Board, and Paul Warburg as Governor of the Federal Reserve System. 
  7. Federal Reserve Transparency ... conspiracy began in' 1906 when the late J.P. Morgan, Paul M. Warburg, a present member of the Federal Reserve Board, the National City Bank ...  
  8. Federal Reserve Directors: A Study of Corporate and Banking Influence Published 1976 M. M. Warburg Chmn J. Henry Schroder ... New Orleans Jacob Schiff/Theresa Loeb Nina Loeb/Paul Warburg
  9. Jekyll Island Federal Reserve ... of The Pilgrims... 5 of the 7 present were members---Paul Warburg; Senator Nelson Aldrich; Henry P. Davidson, of J.P. Morgan & Company; ... Frank A. Vanderlip and Kuhn, Loeb, and Co. partner Paul M. Warburg. From the start the group proceeded covertly.  The Creature of
  10. Chatham House ... brokerage firm, merged into a ménage-à-trois with S.G. Warburg, the supposedly independent branch of the Warburg banking family, and the ancient French-Ottoman Empire firm , the ...
  11. Academia, Fraternity, Feeder Schools ... the WASP inner sanctums. Some families, like the  Schiff, Warburg, Guggenheim and Meyer families, were unofficially designated as ...
    The leading Skull & Bones families in this second category are: Harriman, Rockefeller, Payne, Davison, Pillsbury and Weyerhauser.  A few of the Jewish banking families who made their way from Germany to the United States during the 18th and l9th centuries were eventually granted limited access to the WASP inner sanctums. Some families, like the Schiff, Warburg, Guggenheim and Meyer families, were unofficially designated as intermediaries between the New England WASPs and their cousins in London. This was especially true after the Rothschild interests supplanted the Anglican Baring group as the most powerful financial cabal in the City of London. Some of these German Jewish families became so absorbed into the WASP or Anglican society that they eventually converted from Judaism to Protestantism and were gradually ostracized from the Jewish aristocracy.
  12. The Wizard of Oz Story Allegory ... Island meeting  were  Pilgrims ; Vanderlip, Strong, Warburg, Davison, Norton, and Aldrich. Senator Aldrich's closest ally in ...
  13. THE BOSTON BRAHMINS ... brokerage firm, merged into a  ménage-à-trois with S.G. Warburg, the supposedly independent branch of the Warburg banking family, and the ancient French-Ottoman Empire firm, ...  
  14. 06/23/2015 - 10:19 - premium  London The Corporation ... by Kuhn, Loeb, First Boston Corp., and London's S. G. Warburg, the corporation has 27 participating firms famed in the banking world. ...  
  15. Corporations and Maritime Time Line ... in by Senator Nelson Aldrich. 1902 Paul and Felix Warburg emigrate to the United States. 1902 The Chicago Health Department ...
  16. Overview ... Skull and Bones. Taft, Russell, Schiff, Haremon, Bush, Warburg, Guggenheim, Rockefeller, Stemson, Weighouser, Vanderbilt, Goodyear ...  
  17. Opium Wars ... in the early 1800s. Why should a Rothschild or a Schiff or a Warburg care about some worthless Chinese peasant whose weariness in life ... inner power circle. Taft, Russell, Schiff, Haremon, Bush, Warburg, Guggenheim, Rockefeller, Stemson, Weighouser, Vanderbilt, Goodyear and ...  
  18. The Octopus ... Skull and Bones. Taft, Russell, Schiff, Haremon, Bush, Warburg, Guggenheim, Rockefeller, Stemson, Weighouser, Vanderbilt, Goodyear ...  06/25/2015 - 10:51 - premium  $uper Rich ... Pitcairn Family 26 Warburg Family 27 Metcalf Family 28 ...
  19. Wealth Distribution and Why do the Rich Get Richer? ... Frank A.Vanderlip and Kuhn, Loeb, and Co. partner Paul M. Warburg. From the start the group proceeded covertly. They began by shunning ... mention to the conference until around 1930, when Paul  Warburg's  book The Federal Reserve System: Its Origin and Growth and ...
  20. Opium Wars: Sassoon, Kadorrie, Hardoon ... in Shanghai in 1950. Lord Sassoon , a former UBS Warburg banker who had been a junior minister in the British Treasury since May ...
  21. Revolution Boxer Rebellion ... to be approved by the Bank of England. And, like the Warburg family, the von Schroders began their banking operations in Hamburg, ...  
  22. Tracing the History of Skull and Bones ... Zapata Oil * Amory Howe Bradford ('34), husband of Carol Warburg Rothschild and general manager for the New York Times * C. E. Lord ...
  23. History of Banking – Index (by date) ... by Kuhn, Loeb, First Boston Corp., and London's S. G. Warburg, the corporation has 27 participating firms famed in the banking world. ...

After FDR's death in 1945, Johnson made a decision to stay within the Democratic establishment, while other Texas Democrats openly rebelled against the New Deal. FDR's last vice-president came from Missouri, and therefore, when Harry Truman rose to the Presidency, so too did Missouri's influence within the banking establishment rise to some extent—including the influence of St. Louis investment banker G.H. "Bertie" Walker and his son, "Herbie," a grandfather and uncle, respectively, of George H. W. Bush.  ~ Linda Minor

Colonel Edward Mandell


"The Intimate Papers of Colonel House": SEE PDF

In 1913, Colonel Edward Mandell House helped to pick the charter members of the original Federal Reserve Board. Edward Mandell House (originally “Huis” which became “House”) was born July 26, 1858 in Houston, Texas. He became active in Texas politics and served as an advisor to President Woodrow Wilson, particularly in the area of foreign affairs. House functioned as Wilson's chief negotiator in Europe during the negotiations for peace (1917-1919), and as chief deputy for Wilson at the Paris Peace Conference. He died on March 28, 1938 in New York City.
Edward and his father had friends in the Ku Klux Klan.  The Klan dispensed vigilante justice after the Civil War.  In 1880 a new legitimate group was in charge of dispensing justice in Texas -- the Texas Rangers.  Many of the Texas Rangers were members of the Klan. Edward was the new master. Edward gained their loyalty by stroking their egos. Edward would use his money and influence to try and make them famous.  Edward eventually inherited the Texas Ku Klux Klan.
Edward Mandell House helped to make four men governor of Texas: James S. Hogg (1892), Charles A. Culberson (1894), Joseph D. Sayers (1898), and S. W.T. Lanham (1902).  After the election House acted as unofficial advisor to each governor.  Hogg gave House the title "Colonel" by promoting House to his staff.
Edward wanted to control more than Texas, Edward wanted to control the country. Edward would do so by becoming a king maker instead of a king. Edward knew that if he could control two or three men in the Senate, two or three men in the House; and the President, he could control the country.
Edward would influence the candidate from behind the scenes. The people would perceive one man was representing them, when in reality; an entirely different man was in control.  House didn't need to influence millions of people; he need only influence a handful of men.  Edward would help establish a secret society in America that would operate in the same fashion -- the Council on Foreign Relations. Edward Mandell House was instrumental in getting Woodrow Wilson elected as President.  Edward had the support of William Jennings Bryan and the financial backing of the House of Rockefeller's National City Bank.  Edward became Wilson's closest unofficial advisor.
Edward Mandell House and some of his schoolmates were also members of Cecil Rhodes Round Table group.  The Round Table Group, the back bone of the Secret Society, had four pet projects, a graduated income tax, a central bank, creation of a Central Intelligence Agency, and the League of Nations.
Between 1901 and 1913 the House of Morgan and the House of Rockefeller formed close alliances with the Dukes and the Mellons. This group consolidated their power and came to dominate other Wall Street powers including: Carnegie, Whitney, Vanderbilt, Brown-Harriman, and Dillon-Reed. The Round Table Group wanted to control the people by having the government tax people and deposit the peoples money in a central bank. The Group would take control of the bank and therefore have control of the money. The Group would take control of the State Department and formulate government policy, which would determine how the money was spent. The Group would control the CIA which would gather information about people, and script and produce psycho-political operations focused at the people to influence them to act in accord with Round Table Group State Department policy decisions. The Group would work to consolidate all the nations of the world into a single nation, with a single central bank under their control, and a single International Security System. 

Some of the first legislation of the Wilson Administration was the institution of the graduated income tax (1913) and the creation of a central bank called the Federal Reserve.  An inheritance tax was also instituted. These tax laws were used to rationalize the need for legislation that allowed the establishment of tax-exempt foundations.  The tax-exempt foundations became the link between the Group member's private corporations and the University system. The Group would control the Universities by controlling the sources of their funding. The funding was money sheltered from taxes being channeled in ways which would help achieve Round Table Group aims.

The President appoints the chairman of the Federal Reserve to an 8 year term.

The same cannot be said of any other private bank in the U.S. As a central bank,the Fed does 2 things:

1) It raises or lowers interest rates to head off rampant inflation or stimulate investment, respectively.

2) It oversees the FDIC, which insures individual bank accounts up to $100,000 in the event of a bank failure.

Who owns the Federal Reserve?



Introduction Video: Background


Federal Reserve Transparency
See England Official Secrets PDF See Colonel Edward Mandell House PDF

Structure, Board of Directors, Board of Governors, Federal Open Market Committee, Secret Inner Workings revealed 2011

According to the Federal Reserve Regulations which are created by the banks for the banks all the banks have to have at any current time is 10% of their deposits in reserve compared to the amount of loans they put out. So they are making interest on absolutely nothing!

Bank has 1000.00 in Reserve and is able to lend out the fictional amount of 9000.oo since they technically have 10,000.00 on the books and this is perfectly legal.


Ezra Pound from Wyncote, Pennsylvania
Poet, Anti-Semite, and who some thought mentally disturbed.
At the end of World War II the U.S. Government accused Ezra Pound one of the greatest poets of the twentieth century of treason.

Born in Hailey, Idaho, Ezra Loomis Pound as a young boy was brought east, grew up in Wyncote, Pennsylvania and studied at the University of Pennsylvania. By 1908 he was in the process of shedding his conventional Presbyterian, upper-middle class upbringing and was traveling Europe with a view to settling there. Over the years, first London, then Paris, and Italy were home to his restless spirit. Essayist Robert Wernick recalls that from the prewar years his was a commanding presence in literary circles. By his encouragement and example poetry in the twentieth century was changed in both content and style. He promoted or had influence over most of the leading poets and novelists of the early part of the century : William Butler Yeats, James Joyce, Ernest Hemingway, Robert Frost, D.H. Lawrence, and T.S. Eliot.
During the Great Depression in the 1930s he became fascinated with the study of history, particularly economic history, writing several books highlighting his admiration for Benito Mussolini and his idea that a Jewish international banking conspiracy had led the world into a long series of wars. After the United States declared war on Italy in 1941 Pound made hundreds of propaganda broadcasts on Rome Radio where he pronounced his hatred for a wide range of subjects including: Jews, the Bank of England, Franklin Roosevelt, Winston Churchill, publishers, nightclubs, Rembrandt, and Puccini. In 1945 the U.S. Justice Department came looking for him and jailed him on charges of treason.
His lawyers claimed he was insane, the court accepted the idea and he spent a dozen years in St. Elizabeth's, the federal insane asylum in Washington, D.C. Ernest Hemingway summed up the feelings of those admirers of his literary genius embarrassed by his bigotry and vulgar political peculiarities. "He deserves punishment and disgrace, but what he really deserves most is ridicule." An unrepentant Pound was released and returned to Italy. He died there in November, 1972.

Ezra Pound commissioned Eustace Mullins
to write a book on the Federal Reserve in 1948.

The original book, published under the title Mullins On The Federal Reserve, was commissioned in 1948 by the poet Ezra Pound a political prisoner for thirteen and a half years at St. Elizabeth's Hospital, Washington, D.C. (a Federal institution for the insane). His release was accomplished largely through the efforts of Mr. Mullins.

Eustace Clarence Mullins, Jr. 3/9/23 – 2/2/2010 was a populist American political writer and antisemite. Mullins frequently visited poet Ezra Pound during his period of incarceration in St. Elizabeths Hospital for the Mentally Ill in Washington, D.C. between 1946 and 1959. According to Mullins it was Pound who set him on the course of research that led to his writing The Secrets of The Federal Reserve. Mullins was a researcher at the Library of Congress in 1950 and cooperated with Senator Joseph McCarthy in trying to discover who financed the Communist Party. He later stated that he believed McCarthy had "started to turn the tide against world communism". Shortly after his first book came out in 1952, he was discharged by the Library of Congress. In the 1950s, Mullins wrote for Conde McGinley's newspaper Common Sense, which promoted the second edition of his book on the Federal Reserve, entitled The Federal Reserve Conspiracy (1954). Around this time, he also wrote for Lyrl Clark Van Hyning's Chicago-based newsletter, Women's Voice. In 1995, he was writing for Criminal Politics.[12] Around the end of his life, he would write for Willis Carto's magazine Barnes Review.

Mullins On The Federal Reserve
Chapter One Jekyll Island 1
Chapter Two The Aldrich Plan 10
Chapter Three The Federal Reserve Act 16
Chapter Four The Federal Advisory Council 40
Chapter Five The House of Rothschild 47
Chapter Six The London Connection 63
Chapter Seven The Hitler Connection 69
Chapter Eight World War One 82
Chapter Nine The Agricultural Depression 114
Chapter Ten The Money Creators 119
Chapter Eleven Lord Montagu Norman 131
Chapter Twelve The Great Depression 143
Chapter Thirteen The 1930's 151
Chapter Fourteen Congressional Expose 171
Addendum 179
Appendix I 181
Biographies 186
Bibliography 193