Sunday, February 28, 2010

The Jekyll Island Club Pictures

The Jekyll Island Club is the location where a secret meeting took place in November 1910 to plot the formation of the Federal Reserve. Rockefeller and Morgan interests were well represented.

On the evening of November 22, 1910, Sen. Nelson Aldrich(A Rockefeller operative. His daughter married John D. Rockefeller Jr.), A.P. Andrews (Assistant Secretary of the Treasury Department), Paul Warburg (representing Kuhn, Loeb & Co.), Frank A. Vanderlip (president of the National City Bank of New York-a Rockefeller controlled bank), Henry P. Davison (senior partner of J. P. Morgan Company), Charles D. Norton (president of the Morgan-dominated First National Bank of New York), and Benjamin Strong (representing J. P. Morgan), together representing about one fourth the worlds wealth at the time, left Hoboken, New Jersey on a train in complete secrecy, dropping their last names in favor of first names, or code names, so no one would discover who they all were. The cover story they used was that they were going on a duck hunting trip on Jekyll Island. In a sense this was true, the ducks were the America people.

This weekend another meeting was held at the Jekyll Island Club. It was the good guys this time, plotting an End to the Fed.

Under the sponsorship of the Mises Institute, some of the best minds in economics were brought together to explain and discuss the Fed. Checkout the speakers and their topics:

Robert Murphy "Only the Austrians Can Explain Depressions"

Christopher Westley "Why the Fed Got Birthed"

Peter G. Klein "Did Keynesian Economics Win the Battle of Ideas?"

Douglas E. French "Failure and Prosperity"

Llewellyn H. Rockwell, Jr. "Parallel Lives: Liberty or Power?"

Joseph Salerno "The Macroeconomics of the Fed: Mainstream and Austrian"

Mark Thornton "What Were They Saying in July 2007?

George Selgin "The Fed's Dismal Record"

Gary North "Heckle and Jekyll: How Murray Rothbard Got the Fed's Story Right"

Thomas Woods "The Source and Workings of the Latest Crisis"

Ron Paul "My Battle Against the Fed"

How radical of a group is this? An informed source tells me EPJ was referenced and quoted approvingly.

Ilya Kinros was there and sends along these pictures:

Bob Murphy, author of The Politically Incorrect Guide to the Great Depression and the New Deal, drew a crowd.

The Austrian Business Cycle Theory Enforcers, Tom Woods and Joe Salerno--Never mention John Maynard Keynes in front of them.

They couldn't get enough of Murphy-Here they line up to get personal nuggets of wisdom from the man.

A hallowed hall in the Jekyll Island Club hotel.

100 years too late, Ilya prepares to plant a bug inside the now named, "Federal Reserve" room, where it is thought the plotting was done that resulted in the creation of the Fed.

Inside the room where the Federal Reserve Act was likely designed.

Details about the Jekyll Island Club here.


  1. Looks like fun was had by all, But words will not free us.

  2. And yet, words can lead to actions.

    Was it imaginable five years ago, an audit the Fed bill could have over a hundred sponsors and ever made it out of committee?

    More action will come. . . Give it time. . . And more words.

  3. Give it Time?

    "Wretched and insensate people enamoured of your misery and blind to your interests, you suffer your property to be pillaged, your fields devastated, your houses stripped of their goods, and all this by one whom you have yourselves raised to power, and whose dignity you maintain with your lives!...All that he has more than you comes from you...all the power with which he injures you is your own. From indignities that the beasts themselves would not endure you can free yourselves by simply willing it. Resolve to serve no more, and you are free. Withdraw your support from the Colossus that crushes you and it will crumble in the dust."

    Etienne de Botie (sp?) wrote this in the 1500's and then even he went on to work for the Colossus of his time in a servile and bureaucratic job. How much more time shall we give it?

    Words will not free us.