Conspiracy Theories Surrounding the Titanic

What if there was more to the story than an iceberg and a faulty assumption

that the ship was unsinkable?

What if the accident was orchestrated to remove the

powerful and wealthy rivals of J.P.

Morgan, one of the men that owned the Titanic?

If this were true, what could possibly be worth the lives

of more than fifteen hundred people?

Why would he do such a thing?

Is there evidence that points to such a plot?

It is important to understand everything that was happening behind the scenes

and all the facts before deciding whether or not this could be true.

The level of influence and wealth involved is staggering, and

the more questions you ask, the stranger the facts become.

So, is there more to the story about the

sinking of the

Titanic?

Who are the players and what are the facts?

J.P. Morgan, one of the most ruthless financiers of

the age, was a strong proponent of the development

of an

organization that had yet to be built, the Federal

Reserve.

He believed that the Federal Reserve was not only a good idea but

a necessary one.

He and his bank had to personally organize and oversee the

bailouts of many smaller banks and businesses, using

his leverage and clout to convince others to go along with his

plans.

He believed that a central bank system would ease the stress of the large

banks that were at the mercy of bank runs caused by smaller banks

and market forces.

J.P. Morgan wanted a private version of the

Federal

Reserve as opposed to a government-controlled Federal

Reserve, which was being proposed at the time by

progressives in

Washington.

Only professionals and expert bankers should be in charge of

the central

bank, not government bureaucrats, thought Morgan.

He was in favor of and a vocal proponent for the private

Federal

Reserve option.

Other wealthy and influential members of society were opposed to the

development of the Federal Reserve in opposition to J.P.

Morgan.

Three of these people were Jacob Astor, Benjamin

Guggenheim, and Isidor Straus.

Isidor Straus was co-owner of Macy's department store with his

brother Nathan.

Benjamin Guggenheim was a wealthy Jewish American businessman.

Jacob Astor IV was the fourth generation of wealthy Astors

who dealt in real estate, among other business concerns spanning the

United States.

Jacob Astor was the wealthiest person on the Titanic when it

sunk and was, in relation to GDP, one of the richest

men to ever live.

These men and many others were opposed to the development

of the Federal Reserve Bank, thinking that the system would give the

bankers too much power. The bankers, including

J.P. Morgan and the Rockefeller family, already had far too much

power in their opinion, and they did not want to give them any

more leverage.

The Federal Reserve would do just that, and they were in vocal

opposition to the idea.

Having wealthy business rivals and strong personalities with

differing viewpoints isn't uncommon in the world of high finance.

However, the fact that these disagreements exist isn't

enough to

imply that the crashing and sinking of the Titanic was planned and

coordinated by J.P. Morgan.

Interestingly, when you dig deeper, you find a

string of coincidences, incredible luck, and

stories that don't quite line up, particularly when it

comes to J.P. Morgan himself.

What kind of coincidences and luck, you may ask?

Well, while J.P. Morgan was scheduled to be on the Titanic

for her maiden voyage, he abruptly canceled his trip at

the last minute.

Why was he not taking this momentous and grand voyage?

He was supposedly ill.

Fast forward one year, the year after the sinking of the

Titanic, the Federal Reserve was created.

With much squabbling in Washington about the details of the Federal

Reserve Act, it passed and the Federal Reserve was

born.

J.P. Morgan's vision of a Federal Reserve Bank

controlled by bankers was not exactly as he would have

wanted it. There was some federal government control

wielded by the appointees to the Federal Reserve Board, but their

control of the actual operation is limited.

Some elected representatives were critics of the act and stated

as much after it had been passed by Congress.

President Woodrow Wilson himself, who helped form the

bill and used much of his political capital to get it passed,

eventually came to regret signing it.

He said this near the end of his life, "I am a most

unhappy man. I have unwittingly ruined my

country. A great industrial nation is controlled by its

system of credit. Our system of credit is

concentrated. The growth of the nation, therefore, and

all our activities are in the hands of a few men.

We have come to be one of the worst ruled, one of the most

completely controlled and dominated governments in the civilized

world. No longer a government by free opinion, no

longer a government by conviction and the vote of the majority,

but a government by the opinion and duress of a small group

of dominant men."

It would seem J.P. Morgan got his way after all.

The Federal Reserve was created with minimal oversight from

the

federal government. He would never live to see the Federal

Reserve

in action, as he passed away in 1913, the

same year the bill had passed.

The question remains,

did he have a direct hand in making sure that the

opposition to this massive change in the US financial

policy was silenced?

Would he go to such lengths to ensure the completion of this

institution?

Was it a string of coincidences and bad luck that led to one

of the worst maritime disasters in history, or

were there more sinister motives at work?

The truth to these questions may never be fully clear.

The only certainty is this,

deep at the bottom of the ocean lies the wreck of one of the most

magnificent ships ever to be built,

an unsinkable ship that met its fate one frigid April

evening, taking with it fifteen hundred souls and a

mystery that can never be solved.