ZEITGEIST: THE MOVIE

“pulled” out of retirement to run against both on the “Progressive” ticket. In turn, Roosevelt took enough votes away from
Taft to allow Wilson to be elected, with only 42% of the popular vote. George W. Perkins & Frank Munsey, individuals who
worked for/with J.P. Morgan, funded both Roosevelt and Wilson. In other words, You run a third party to take votes away
from a particular candidate.
20th century economist, journalist who studied the history of American wealth and power, Ferdinand Lundberg, did a great
deal of analysis of Wilson and his relationship to the Money Powers of the time.
He wrote:
“J.P. Morgan and Company played the leading role in the National Election of 1912...Roosevelt’s preconvention backers
were George W. Perkins and Frank Munsey. These two, indeed, encouraged Roosevelt to contest Taft’s nomination...
Munsey functioned in the news-paper field for J. P. Morgan and Company...Perkins resigned from J. P. Morgan and
Company in January 1911, to assume a larger political role. The suspicion seems justified that the two were not overanxious
to have Roosevelt win. The notion that Perkins and Munsey may have wanted Wilson to win...is partly substantiated
by the fact that Perkins put a good deal of cash behind the Wilson campaign through Cleveland H. Dodge. Dodge and
Perkins financed, to the extent of $35,500, the Trenton True American, a newspaper that circulated nationally with Wilson
propaganda...Throughout the three-cornered fight Roosevelt (also) had Munsey and Perkins constantly at his side, supplying
money, going over his speeches, bringing people from in Wall Street in to help, and, in general, carrying the entire
burden of the campaign against Taft. .. Perkins and J. P. Morgan and Company were the substance of the Progressive
Party; everything else was trimming...Munsey’s cash contribution to the Progressive Party brought his total political outlay
for 1912 to $229,255.72. Perkins made their joint contribution more than $500,000, and Munsey expended $1,000,000 in
cash additionally to acquire from Henry Einstein the New York Press so that Roosevelt would have a New York City morning
newspaper. Perkins and Munsey, as the Clapp Committee learned from Roosevelt himself, also underwrote the heavy
expense of Roosevelt’s campaign train. In short, most of Roosevelt’s campaign fund was supplied by the two Morgan
hatchet men who were seeking Taft’s scalp.” 1
H.S. Kenan, continues:
“Woodrow Wilson, President Of Princeton University, was the first prominent educator to speak in favor of the Aldrich
Plan, a gesture which immediately brought him the Governorship of New Jersey and later the Presidency of the United
States. During the Panic of 1907, Wilson declared that: “all this trouble could be averted if we appointed a committee of
six or seven public-spirited men like J.P. Morgan to handle the affairs of our country.” 2
*For more info on this complex and detailed subject, Chapter 22 of G. Edward Griffin’s “The Creature from Jekyll Island” is recommend.
Congressman Louis Mcfadden, during his 1932 House Speech, also speculated:
“It has been said that President Wilson was deceived by the attentions of these bankers and by the philanthropic poses
they assumed. It has been said that when he discovered the manner in which he had been misled by Colonel House, he
turned against that busybody, that “holy monk” of the financial empire, and showed him the door. He had the grace to do
that, and in my opinion he deserves great credit for it. President Wilson died a victim of deception. When he came to the
Presidency, he had certain qualities of mind and heart which entitled him to a high place in the councils of this Nation; but
there was one thing he was not and which he never aspired to be; he was not a banker. He said that he knew very little
about banking. It was, therefore, on the advice of others that the iniquitous Federal Reserve act, the death warrant of
3 4
American liberty, became law in his administration.”
(17) The night before its passage. Congressman Charles Lindbergh pleaded:
“This Act establishes the most gigantic trust on earth.…When the President signs this Act, the invisible government
by the Money Power... will be legalized.”
SOURCE: Congressional Record, December 22, 1913 5
It is also worthwhile to point out some other political officials which were not in favor of the Fed Act and why. In 1913,
before the Senate Banking and Currency Committee, Mr. Alexander Lassen made the following statement:
“But the whole scheme of the Federal Reserve bank with its commercial-paper basis is an impractical, cumbersome
machinery, is simply a cover, to find a way to secure the privilege of issuing money and to evade payment of as much tax
upon circulation as possible, and then control the issue and maintain, instead of reduce, interest rates. It is a system that,
if inaugurated, will prove to the advantage of the few and the detriment of the people of the United States. It will mean
1 Ferdinand Lundberg, America’s 60 Families pp106-12
2 HS Kenan, The Federal Reserve Bank. Noontide Press, 1966, p105
3 http://www.scribd.com/doc/16502353/Congressional-Record-June-10-1932-Louis-T-McFadden
4 http://www.afn.org/~govern/mcfadden_speech_1932.html
5 Congressional Record, December 22, 1913, vol 51, part 2, 63rd Congress, 2nd Session, p 1446