Soon after the Great War began in August of 1914, the firm of J. P. Morgan & Company was named as fiscal agent for Great Britain and France. Those politicians, journalists, industrialists, and financial elites within the Morgan ambit began a concentrated drive for US intervention into the conflict being waged in Europe. This was seen as essential in order to protect the intimate relationship Morgan partner Henry P. Davidson had forged. In 1910 Davidson was a key participant for Morgan in the secretive meeting on Jekyll Island, Georgia that led to the creation of the Federal Reserve. In its early years the Fed was dominated by a coterie of Wall Street investment firms, led by the House of Morgan. President Woodrow Wilson, after winning re-election in 1916, soon went to Congress asking for a formal Declaration of War on April 6, 1917. On May 3, 1917, the Federal Reserve signed its first reciprocal account agreement with a foreign central bank, the Bank of England, soon followed by the Bank of France.

For decades critics of the Fed have authoritatively spoken out how this cancerous institution in the body politic has enabled war, the destruction of the Republic, and the creation of the warfare-welfare state. Here is a Confession of Faith from Simon Potter, Executive Vice President of the New York Fed, to his global confederates of crime and plunder in detailing these enabling events. Also discussed is the beginning of the sinister relationship between Governor Benjamin Strong of the New York Fed and the Bank of England’s Montagu Norman which played a central role in Murray N. Rothbard’s brilliant account of America’s Great Depression.

The Best of Charles Burris