| Astor Family wealthy American family whose fortune, rooted in the fur trade, came to be centred on real estate investments in New York City. John Jacob Astor (1763-1848) was the founder of the family fortune. His son, William Backhouse Astor (1792-1875), who inherited the major portion of the estate, continued his father's program of investing in Manhattan real estate, and greatly expanded the Astor Library. Stung by accusations that he was a slum landlord, he attempted to renovate some of the older tenements owned by the Astors. At the same time, he more than doubled the family fortune, leaving an estate valued at nearly $50,000,000. John Jacob Astor (1822-90), son of William Backhouse Astor, increased the fortune to between $75,000,000 and $100,000,000. But he was a more active philanthropist than his predecessors, making substantial gifts to the Metropolitan Museum of Art and Trinity Church as well as to the Astor Library. His son, William Waldorf Astor (1848-1919), was politically ambitious, but after a stint in the New York state legislature and three years as U.S. minister to Italy, he moved permanently to England in 1890. He became a British subject in 1899 and, in 1917, became 1st Viscount Astor, of Hever Castle. He used much of his wealth--aside from that spent building the Waldorf section of what eventually became the Waldorf-Astoria Hotel--restoring Hever Castle and funding conservative political causes in England. John Jacob Astor (1864-1912) was a cousin of William Waldorf Astor and a great-grandson of the fur trader who founded the family fortune. An inventor and a science fiction novelist, he was also responsible for building several great New York City hotels: the Astoria (later combined with the Waldorf), the Knickerbocker, and the St. Regis. He served as a director on the boards of several major U.S. corporations, but his career was cut short when he perished in the mid-Atlantic aboard the Titanic. Vincent Astor (1891-1959), son of the John Jacob Astor who built the well-known hotels, departed markedly from Astor family conservatism. He sold some Astor-owned properties to New York City under generous terms so that they might be converted into housing projects. In addition, he backed the New Deal, though temporarily, and supported other social reforms. He took an active role in managing the family real estate holdings, and during the last two decades of his life headed the corporation that published Newsweek magazine. The Satanic Bloodlines by: Fritz Springmeier Merovingian (European Royalty) Associated Families: |
http://www.world-mysteries.com/doug_titanic1.htm
EXCERPT:
'The unsinkable ship, the floating palace was created to be a tomb for the wealthy, who opposed the Federal Reserve System. On April 14th (the same date in history as the assassination of Abraham Lincoln) of 1912, the Titanic struck an iceberg and all opposition to the Federal Reserve was eliminated. In December of 1913, the Federal Reserve System came into being in the United States. Eight months later, the Jesuits had sufficient funding through the Federal Reserve Bank to begin World War I.' Notice the F.R.S. was established soon after the disaster of the Titanic.
http://the-classic-liberal.com/cass-sunstein%E2%80%99s-conspiracy-theory-the-federal-reserve/
EXCERPT:
Conclusion
The Federal Reserve is a form of financial socialism that benefits the rich and powerful at the expense of the poor. The excuse given, that the Fed would protect the monetary and financial system against inflation and violent swings in market activity, stabilize the system by providing stimulus when necessary, and pull back on inflation when the economy overheated has proven to be nothing but a farce.
Since its founding (at the behest of the financial elite), the dollar has lost 96% of its purchasing power, we've suffered many recessions, we're heading into our second Great Depression, and we've witnessed a record number of bank failures over the past 100 years as well. It's safe to say that not only has the Federal Reserve been a failure, but that the banks and government have stolen 96 cents out of every American taxpayers dollar!
Sure ... You can sit there and tell me it was "for your own good," and that Rockefeller and Morgan drafted the Federal Reserve out of necessity. Believe that if you must. But this is the true story of the Federal Reserve. It was designed by, and for, the largest banks in the country.
Fractional Reserves
EXCERPT:
'The unsinkable ship, the floating palace was created to be a tomb for the wealthy, who opposed the Federal Reserve System. On April 14th (the same date in history as the assassination of Abraham Lincoln) of 1912, the Titanic struck an iceberg and all opposition to the Federal Reserve was eliminated. In December of 1913, the Federal Reserve System came into being in the United States. Eight months later, the Jesuits had sufficient funding through the Federal Reserve Bank to begin World War I.' Notice the F.R.S. was established soon after the disaster of the Titanic.
http://the-classic-liberal.com/cass-sunstein%E2%80%99s-conspiracy-theory-the-federal-reserve/
EXCERPT:
Conclusion
The Federal Reserve is a form of financial socialism that benefits the rich and powerful at the expense of the poor. The excuse given, that the Fed would protect the monetary and financial system against inflation and violent swings in market activity, stabilize the system by providing stimulus when necessary, and pull back on inflation when the economy overheated has proven to be nothing but a farce.
Since its founding (at the behest of the financial elite), the dollar has lost 96% of its purchasing power, we've suffered many recessions, we're heading into our second Great Depression, and we've witnessed a record number of bank failures over the past 100 years as well. It's safe to say that not only has the Federal Reserve been a failure, but that the banks and government have stolen 96 cents out of every American taxpayers dollar!
Sure ... You can sit there and tell me it was "for your own good," and that Rockefeller and Morgan drafted the Federal Reserve out of necessity. Believe that if you must. But this is the true story of the Federal Reserve. It was designed by, and for, the largest banks in the country.
Fractional Reserves
The institution of fractional reserves mixes these functions, such that warehousing becomes a source for lending. The bank loans out money that has been warehoused—and stands ready to use in checking accounts or other forms of checkable deposits—and that loaned money is deposited yet again in checkable deposits. It is loaned out again and deposited, with each depositor treating the loan money as an asset on the books. In this way, fractional reserves create new money, pyramiding it on a fraction of old deposits. An initial deposit of $1,000, thanks to this “money multiplier,” turns into $10,000. The Fed adds reserves to the balances of member banks in the hope of inspiring ever more lending. [5]
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