Category File
Central Banking
2 documented theories filed under this subject.
- The Jekyll Island SecretThe meeting was real and it was secret: six men met privately at the Jekyll Island Club in November 1910. The Library of Congress and Federal Reserve History both describe it as a step toward the Aldrich Plan. The theory reads it instead as a covert attempt to place the United States permanently under debt-based control.
- The Mormon and the Federal Reserve PactThis theory claimed that the Church of Jesus Christ of Latter-day Saints, or an interconnected network of Mormon finance in Utah, became a hidden reserve structure standing behind the American monetary system. In its strongest form, the story alleged that the Church’s stores of tithes, grain, land, and bank influence made it a kind of emergency backup bank for the United States. The theory drew on several real historical facts: Marriner S. Eccles, one of the most important architects of the modern Federal Reserve, came from a Mormon Utah banking dynasty; the Church developed a reputation for financial self-sufficiency and debt reduction; and the Latter-day Saint welfare and grain-storage system created a visible image of reserve capacity outside normal federal institutions. Conspiracy versions combined those strands into a hidden pact between church power and central banking.
- The "Rothschild" Takeover of the USThis theory claims that the Federal Reserve Act of 1913 ended American financial independence by placing the nation under the indirect control of foreign banking interests, most commonly personified by the Rothschild family. The theory draws on real controversies about who should control currency, credit, and reserves, but it expands those debates into a claim that a foreign banking network effectively captured the American state.