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The Titanic conspiracy claims that the ship was deliberately sunk to kill opposition to the creation of the Federal Reserve bank, the third private central bank in U.S. history.

The Titanic Conspiracy July 17, 2018The Endgame 4 Comments CONSPIRACY RATING: 3 (SOME TRUTH) The Titanic conspiracy puts conventional wisdom on its head, as any good conspiracy theory should. This conspiracy claims that the tragic sinking of the world’s largest passenger ship, as it sailed through icy North Atlantic waters in 1912, was not an accident! It was deliberately sunk in order to kill wealthy businessmen opposed to the establishment of a central bank in America, the Federal Reserve, which was created one year later in 1913. Why would someone sink the largest, most expensive, most famous ship of its day, and kill 1,500 people just to enable the creation of a bank? Wouldn’t there be an easier and less costly way to create a central bank? After researching the tumultuous history of central banks in the United States, apparently not. This long-standing struggle over private, central banking in the U.S. is what lends credence to the Titanic conspiracy. The Battle over Central Banking in the USA In the United States during the 18th and 19th centuries, the establishment of a private, central bank was fiercely fought over. In the 1780s Alexander Hamilton and his Federalist party advocated for a central, national bank in order to best control and guide the young nation’s economy and establish good credit with European trading partners. Alexander Hamilton, who advocated for central banking, is on the $10 bill After all, this was the model upon which European banks, controlled by the very wealthy and infamous Rothschild family, were able to amass great wealth and control over the unwashed populations of Europe. Why shouldn’t America follow the European way that produced so much wealth? But didn’t America fight a war of revolution and break away from England for economic freedom and independence? Yes. That’s exactly what other early Americans argued, led by Thomas Jefferson and James Madison. They understood that central, private banking robbed ordinary people of wealth through methods invisible to everyday people (inflation). Further, central banks mostly benefited wealthy merchants and business owners by providing them with easy access to capital (money for enterprises). Jefferson and Madison also opposed a central bank that would mint official government monies since the Constitution, in Article I, Section 8, explicitly grants Congress the exclusive authority to issue money. They believed this centralization of power, away from local banks, was dangerous to a sound monetary system. They firmly believed that sound money was the key to wealth creation and a healthy society where wealth is more evenly distributed and people’s freedoms are protected against corrupt governments. “It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.” — Ludwig von Mises (1881-1973) The First and Second Banks of the United States When the country was founded in 1776, Jefferson and Madison’s ideals of freedom, sound money and self-sovereignty held sway for the new country. But as first Secretary of the Treasury, Hamilton created the First Bank of the USA, a private, central bank, in Philadelphia in 1791 with a 20-year charter. The failed First Bank of the USA in Philadelphia, Pennsylvania Twenty percent of the bank would be owned by the U.S. government, paid for with money lent to it by the bank itself (how convenient!), and the other 80% would be owned by private interests domestically and abroad. Its primary goal was to stabilize the economy and centralize individual state debts incurred during the Revolutionary war with England. When it came time to renew the charter for the First Bank of the USA in 1811, Congress failed to do so and the sound money movement, led by Jefferson and Madison, was victorious. But the banking interests of Europe were well funded and eventually convinced Congress to issue a second federal bank charter in 1816 for another “private bank with public responsibilities” called the Second Bank of the USA. This second attempt to establish an American central bank, it was said, was needed to help repay the debts incurred with European Rothschild banks from the war of 1812 with England. This aroused old suspicions of central banks with connections to Europe that could control and stifle the young country. Andrew Jackson threw out central banks in 1832 and is still seen on the 20 dollar bill President Andrew Jackson in 1832 based his re-election campaign against the Second central bank and supported a “hard-money” policy, which could not be created by fiat and manipulated through corruption. He convinced America that rich bankers were dictating financial terms to the U.S. and robbing the country. “You are a den of vipers [international bankers]! I intend to rout you out, and by the Eternal God I will rout you out. If the people only understood the rank ...

The Titanic Conspiracy - EndGame Conspiracy