ZEITGEIST: THE MOVIE

Street financiers echoed the same opinion. The Standard Oil and Morgan group of banks, the paper goes on to assert,
had determined to make great profits out of a money panic. George W. Perkins, then a partner of Morgan “started the
run on the Knickerbocker Trust Company.” The panic thus created was at its most acute state when Mr. Roosevelt was
“deluded into the worst mistake of his career with the best possible intention.” ” 1
(13) The public in fear of losing their deposits immediately began mass withdrawals. Consequently, the banks
were forced to call in their loans causing the recipients to sell their property and thus a spiral of bankruptcies,
repossessions and turmoil emerged. [a]
Putting the pieces together years later, Congressman Charles Lindbergh wrote:
[“The king bankers put in motion, in 1907, a great scheme. They had gambled and speculated on Wall Street until so many
watered stocks and bonds had been manufactured...The king bankers knew the condition and informed the favored of their
friends what was to come. There was to be a panic in the fall of 1907 that would be advertised as the result of our bad banking
and currency laws.” [b]
[a] While this is needless to point out, the systemic result of the panic can be found in any basic encyclopedia reference
on the event. This is common knowledge. 2
[b] C. Lindbergh Sr. Quote from his “Banking and Currency and the Money Trust” 3
(14) The panic of 1907 led to the Congressional investigation headed by Senator Nelson Aldrich, who had intimate
ties to the financial powers and later became part of the Rockefeller family through marriage. The commission
led by Aldrich recommended a central bank should be implemented so a panic like 1907 could never happen
again. This was the spark that the bankers needed to initiate their plan.
On May 27, 1908, the Aldrich–Vreeland Act was created essentially in response to the panic of 1907. Both the Act and the
National Monetary Commission created suggested the basics for a new central bank as a solution to panics. This become
4 5
the Federal Reserve Act. This is common knowledge.
Charles Lindbergh, again, made his view very clear:
“...1907 panic was to be the means by which the people were to be forced to enact new laws, guaranteeing the full face
value of the watered stocks and bonds. That guarantee would make the people pay the interest and dividends on them
forever...Thus, in 1907...we were given a panic as the initial move for the proposed steal – The Aldrich Plan.” 6
As Lindbergh alludes with respect to Aldrich himself, a Senator from Rhode Island, he was far more than a Senator. He
was widely considered to be the political spokesman for big business and protector of the banking establishment. 7
Also, not that it necessarily means a whole lot, but his son-in-law was John D. Rockefeller Jr. 8
(15) In 1910 a secret meeting was held at a J.P. Morgan’s estate on Jekyll Island off the coast of Georgia. It was
there that the central banking bill called the Federal Reserve Act was written. This legislation was written by
bankers, not law makers. This meeting was so secretive, so concealed from Government and public knowledge
that most of the figures who attended disguised their names when in route to the island.
The meeting which took place is now widely recognized for its secrecy - admitted years later by those who attended.
In 1930, Paul Warburg of Kuhn, Loeb, & Co, wrote a book called “The Federal Reserve System, Its Origins and Growth”.
In this book, he states of the Jekyll Island meeting, not mentioning its location or the name of the people involved: “The
results of the conference were entirely confidential. Even the fact that there had been a meeting was not permitted to
become public”. In the footnote of the work he added. “Though eighteen years have gone by, I do not feel free to give a
description of this most interesting conference concerning which Senator Aldrich pledged all participants to secrecy.” 9
1 Current Literature, Vol 51, p 455 [ Link: http://books.google.com/books?id=cJLPAAAAMAAJ&pg=PA455&lpg=PA455&dq=se
nator+owen+1907+panic+conspiracy&source=bl&ots=848OAjp9Ru&sig=QW_LmY9JVR_jefYMQQx6o_0NkRk&hl=en&ei=yvQsTN_-
F4L48AbJgsT5DQ&sa=X&oi=book_result&ct=result&resnum=4&ved=0CB4Q6AEwAw#v=onepage&q=senator%20owen%201907%20
panic%20conspiracy&f=false ]
2 http://en.wikipedia.org/wiki/Panic_of_1907
3 Charles Lindbergh, “Banking and currency and the money trust, p.87-90
4 http://en.wikipedia.org/wiki/National_Monetary_Commission
5 http://en.wikipedia.org/wiki/Aldrich%E2%80%93Vreeland_Act
6 Charles A. Lindbergh, “Banking and currency and the Money Trust, p.87-90
7 Charles A. Lindbergh, “Banking and currency and the Money Trust, p.91
8 http://en.wikipedia.org/wiki/Nelson_W._Aldrich
9 Paul Warburg, The Federal Reserve System, Its Origins and Growth Vol I, p. 58