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These Reserve Banks, and their branches, are strategically located in large cities across the country. The Federal Reserve Bank was born in 1913, the same year US banking scion J. Pierpont Morgan died and the Rockefeller Foundation was formed. Schauf lists William Rockefeller, Paul Warburg, Jacob Schiff and James Stillman as individuals who own large shares of the Fed. The Federal Reserve System is the central banking authority of the United States. National City Bank of Cleveland provided John D. with the money needed to embark upon his monopolization of the US oil industry. The Kuhn Loebs, Warburgs, Lehmans, Lazards, Israel Moses Seifs and Goldman Sachs also had close ties to European royalty. The Rothschild’s Lambert cousins set up Drexel & Company in Philadelphia. David Rockefeller was instrumental in the construction of the World Trade Center towers. [3] The Schiffs are insiders at Kuhn Loeb. It was a carefully contrived occurrence…The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all”. The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. A recession in 1893 enhanced Morgan’s power. J. Pierpont Morgan, who once stated, “Competition is a sin”, now opined gleefully, “Think of it. The House of Morgan catered to the Astors, DuPonts, Guggenheims, Vanderbilts and Rockefellers. So who then are the stockholders in these money center banks? That same year Mrs. Edward Harriman sold her substantial shares in New York’s Guaranty Trust Bank to J.P. Morgan, creating Morgan Guaranty Trust. The two families control a big chunk of Citigroup as well. He names N.M. Rothschild of London, Rothschild Bank of Berlin, Warburg Bank of Hamburg, Warburg Bank of Amsterdam, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Bank of Italy, Goldman Sachs of New York and JP Morgan Chase Bank of New York. Several Western states banned the bankers. Penguin Books. The law stipulates a small portion of Federal Reserve stock may be available for sale to the public. Zionist Jews own and run the Federal Reserve Bank that the US government continually borrows from...and is in debt to. A recession in 1893 enhanced Morgan’s power. This information is guarded much more closely. Houghton, Mifflin Company. Many considered them traitors working for European old money. Other institutions which the Eight Families control include the World Economic Forum, the International Monetary Conference and the World Trade Organization. [15]. Their Pocantico Hills estate gave birth to the Trilateral Commission. [22]. It has the power to create money out of thin air. This is rather ironic, since many of the bank’s stockholders reside in Europe. The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. Rothschild is correct that Trump’s criticisms of the Fed can shake the confidence of the market because the market is a con game where there is an unspoken rule that no one questions the validity of the Federal Reserve Bank, which is not a Federal U.S. government bank at all, but rather a private consortium of banks owned and/or dominated by the jewish banking dynasty, the Rothschilds. He argued that the US needed to enter WWI. They also own a 32-room 5th Avenue duplex in Manhattan, a mansion in Washington, DC, Monte Sacro Ranch in Venezuela, coffee plantations in Ecuador, several farms in Brazil, an estate at Seal Harbor, Maine and resorts in the Caribbean, Hawaii and Puerto Rico. These are banking institutions, trust funds, shareholders, and owners of each of the twelve regional Federal Reserve banks. Following the 1975 Nugan Hand Bank/CIA coup against Australian Prime Minister Gough Whitlam, his British Crown-appointed successor Malcolm Fraser sped to the US, where he met with President Gerald Ford after conferring with David Rockefeller. It financed the launch of AT&T, General Motors, General Electric and DuPont. [7]. That means we the taxpayers will be paying interest to the banks on at least $700 billion annually – this so that the banks can retain the reserves to accumulate interest on ten times that sum in loans. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected]. It served as conduit for Eight Families funding of Adolf Hitler- led by the Warburg’s J. Henry Schroeder and Mendelsohn Bank of Amsterdam. If their overseas loans went unpaid, the oligarchs could now deploy US Marines to collect the debts. He then went after the Standard Oil Trust. Actually not all central banks are owned by governments. CPA Thomas D. Schauf corroborates McCallister’s claims, adding that ten banks control all twelve Federal Reserve Bank branches. The Reichsbank in Germany, for example, was its central bank and was privately owned till it was taken over by Hitler in 1939. It all started with Nathan Rothschild. By 1890 the House of Morgan was lending to Egypt’s central bank, financing Russian railroads, floating Brazilian provincial government bonds and funding Argentine public works projects. One Rockefeller Standard Oil partner was Edward Harkness, whose family came to control Chemical Bank. Companies under Rockefeller control include Exxon Mobil, Chevron Texaco, BP Amoco, Marathon Oil, Freeport McMoran, Quaker Oats, ASARCO, United, Delta, Northwest, ITT, International Harvester, Xerox, Boeing, Westinghouse, Hewlett-Packard, Honeywell, International Paper, Pfizer, Motorola, Monsanto, Union Carbide and General Foods. In 1897 there were sixty-nine industrial mergers. The US Federal Reserve only took shares in BIS in September 1994. In 1903 Banker’s Trust was set up by the Eight Families. MacMillan and Company New York. It is controlled by some of the richest and politically influential families in the world. The first one is jointly owned by the world’s top banking families, with the Rothschilds at the very top, while the second one is privately owned by the Rothschilds alone. The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. [16]. (Part one of a four-part series). BIS is owned by the Federal Reserve, Bank of England, Bank of Italy, Bank of Canada, Swiss National Bank, Nederlandsche Bank, Bundesbank and Bank of France. In 1952 Fed researcher Eustace Mullins put forth the supposition that the Morgans were nothing more than Rothschild agents. CPA Thomas D. Schauf corroborates McCallister’s claims, adding that ten banks control all twelve Federal Reserve Bank branches. Morgan also had close relations with Italian fascist Benito Mussolini, while German Nazi Dr. Hjalmer Schacht was a Morgan Bank liaison during WWII. The following was takened from a larger work written by Andrew Hitchcock titled "The History of the House of Rothschild". Instead the Eight Families’ power was exacerbated, with the Bretton Woods creation of the IMF and the World Bank. In this video, we'll explore how the U.S. Federal Reserve works. Today’s arguments about restricting the power of the U.S. Federal Reserve are anything but new. 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