FINAL WARNING: Financial Background
located in Washington, D.C., having the capital of $100 million. The
country would be divided into 20 districts, and the system would be
controlled by a Board of Directors, which would be chosen by the
banking associations, the stockholders, and the government. Warburg
said that the U.S. monetary system wasn’t flexible, and it was unable to
compensate for the rise and fall of business demand. As an example,
he said, that when wheat was harvested, and merchants didn’t have
the cash on hand to buy and store a large supply of grain, the farmers
would sell the grain for whatever they could get. This would cause the
price of wheat to greatly fluctuate, forcing the farmer to take a loss.
Warburg called for the development of commercial paper (paper
money) to circulate as currency, which would be issued in standard
denominations of uniform sizes. They would be declared by law to be
legal tender for the payment of debts and taxes.President Theodore Roosevelt said, concerning the criticism of finding
capable men to head the formation of a central bank: “Why not give
Mr. (Paul) Warburg the job? He would be the financial boss, and I
would be the political boss, and we could run the country together.”After a conference was held at Columbia University on November 12,
1910, the National Monetary Commission published their plan in the
December, 1910 issue of their Journal of Political Economy in an
article called “Bank Notes and Lending Power.”On November 22, 1910, Aldrich called a meeting of the banking
establishment and members of the National Monetary Commission,
which was proposed by Henry P. Davison (a partner of J. P. Morgan).
Aldrich said that he intended to keep them isolated until they had
developed a “scientific currency for the United States.”All those summoned to the secret meeting, were members of the
Illuminati. They met on a railroad platform in Hoboken, New Jersey,
where they chartered a private railroad car owned by Aldrich to
Georgia. They were taken by boat, to Jekyll Island, off the coast of
Brunswick, Georgia. Jekyll Island is in a group of ten islands, including
St. Simons, Tybee, Cumberland, Wassau, Wolf, Blackbeard, Sapelo,
Ossabow, and Sea Islands. Jekyll Island was a ‘hideaway resort of the
rich,’ purchased in 1888 by J. P. Morgan, Henry Goodyear, Joseph
Pulitzer, Edwin and George Gould, Cyrus McCormick, William