Tuesday, January 21, 2020

CONSPIRACY THEORY: Did the Sinking of the Titanic Play a Key Role in the Founding of the Federal Reserve?

I haven't heard this conspiracy theory in some time.

The Mobi Spirt reports:
Thanks to its appeal as a luxury liner, many of England and America's who's-who's were on board for its maiden voyage.

Including American millionaire John Jacob Astor IV and his wife, Denver mining millionaire "Unsinkable" Margaret Brown, son of wealthy mining magnate Meyer Guggenheim, Benjamin Guggenheim, actress Dorothy Gibson, Olympic Medalist Sir Cosmo Duff-Gordon and his wife, Lady Duff-Gordon, fashion designer for the royal family, and many more.

Many of these early 20th century figures managed to make it off the ship, but many didn't, either - and their well-known status helped fuel public interest in the disaster, as well as several conspiracy theories…

One Titanic passenger is notable not for his part in the voyage, but for his last-minute cancellation of it.

American millionaire J.P. Morgan was the owner of White Star Line's parent company, and had a lavish suite of rooms waiting for him aboard the Titanic. He was supposed to board the ocean liner in Southampton, England and sail to New York along with the rest of the passengers - but cancelled his journey shortly before the ship set sail, saying he was ill. While extremely fortuitous, people can fall ill, and this fact in and of itself doesn't do much to bolster the conspiracy - but some rumors claimed that Morgan warned Milton Hershey (of chocolate fame) not to board the ship either.

In addition to Morgan's vested interest in claiming insurance money for the sinking of the Titanic, as conspiracy theorists claim, he stood to benefit from it in another way as well…

At Morgan's scale of business, American national economics and politics were major factors influencing his fortune and revenue. One of Morgan's major points of concern at the time was the establishment of the Federal Reserve, which would provide an additional layer of protection for banks - of which Morgan owned several.

Three influential men who opposed the establishment of the Reserve were aboard the Titanic: Benjamin Guggenheim, Isidor Straus, and David Astor. Some conspiracy theorists believe this was due to Morgan's machinations, and a way to ensure the Federal Reserve would indeed be founded a year later, in 1913.


  1. This is mentioned in G. E. Griffin's book The Creature From Jekyll Island, a Second Look at the Federal Reserve.

  2. There are intriguing documentaries explaining how it was a planned sinking, and it wasn't the Titanic - it was the pile of trash named the Olympic that sank that night. The JP Morgan piece above fits in well.

  3. There was also a book written 14 years before the sinking of the Titanic called "The Wreck of the Titan": https://en.wikipedia.org/wiki/The_Wreck_of_the_Titan:_Or,_Futility

    The book has so many uncanny similarities it's hard to list them all.

  4. I guess we can't pin this one on the Clintons.

  5. I just bought another boat here on Jekyll Island, and I considered renaming her "The Creature".

  6. The problem is there wasn't any opportunity to make the switch and the differences between the two ships was far too vast to accomplish. They were far from identical.

    1. Also, I believe they have checked the serial numbers on parts on the sunken ship in recent times and they all match the Titanic.

    2. Also many pieces of the Olympic as it was in the 1930s still exist. When the ship was scrapped pieces of the interior and more were sold and reused in buildings.

      This turned up on my youtube feed that goes through the details:


  7. The switch requires some time to be fully understood, but in short there definitely were motive, means and opportunity. Everybody was to be rescued by another ship, but plans got wrong, and the first ship arrived too late. Jacob Astor died (although he was on one of the two collapsible lifeboats). Probably JPMorgan was amused at the idea of frightening them; but killing them appears very far-fetched.
    See for example: http://www.lewrockwell.com/2015/01/christopher-condon/a-titanic-cover-up/