Prince.Skeletor
Don’t Be Like He-Man
Smoked a big ass blunt and I got to thinking.... How would life have been different?
In the early 1900s shyt was crazy
And then banking reform had been under discussion for years, especially after the Panic of 1907, which showed how vulnerable the financial system was.
In 1910, a secret meeting took place on Jekyll Island, where influential bankers and politicians drafted ideas in something called the Aldrich Plan.
Progressives were against it. They opposed giving too much power to private bankers.
On Jeckyll Island they drafted the “Aldrich Plan”, an early framework for a central bank.
When news of this leaked, opposition exploded. People said it was a Wall Street plot to take over the nation’s money.
Then there was this big conference, and a few smart people were going to explain why a centralized banking system was a bad idea.
These people were Benjamin Guggenheim, Isidor Straus, and John Jacob Astor IV. They were among the richest and most respected men of their era.
So as they travelled to this conference, they travelled by ship.
They boarded the Titanic, and the Titanic sank in 1912, and then in 1913 the federal reserve was created and the Aldrich Plan became the Federal Reserve Act.
The entire way the Titanic sank has raised many doubts, but the point is......
In the early 1900s shyt was crazy
And then banking reform had been under discussion for years, especially after the Panic of 1907, which showed how vulnerable the financial system was.
In 1910, a secret meeting took place on Jekyll Island, where influential bankers and politicians drafted ideas in something called the Aldrich Plan.
Progressives were against it. They opposed giving too much power to private bankers.
On Jeckyll Island they drafted the “Aldrich Plan”, an early framework for a central bank.
When news of this leaked, opposition exploded. People said it was a Wall Street plot to take over the nation’s money.
Then there was this big conference, and a few smart people were going to explain why a centralized banking system was a bad idea.
These people were Benjamin Guggenheim, Isidor Straus, and John Jacob Astor IV. They were among the richest and most respected men of their era.
So as they travelled to this conference, they travelled by ship.
They boarded the Titanic, and the Titanic sank in 1912, and then in 1913 the federal reserve was created and the Aldrich Plan became the Federal Reserve Act.
The entire way the Titanic sank has raised many doubts, but the point is......
