The Rothschilds and the US Federal Reserve: Separating Fact from Fiction

The Rothschild family, often portrayed in various conspiracy theories as shadowy puppeteers of global financial systems, is frequently cited as having a hand in the creation of the US Federal Reserve. However, a closer look at the historical records paints a different picture.

The Birth of the US Federal Reserve

The Federal Reserve was established by an Act of Congress in 1913, signed into law by President Woodrow Wilson. This act was the result of extensive debates and deliberations involving various politicians, economists, and bankers. The task of drafting the legislation was entrusted to Representative Carter Glass and economist H. Parker Willis. There is no credible evidence to suggest that the Rothschild family played any role in this process or had any significant interest in the establishment of the Federal Reserve due to its relative distance from their primary European operations.

The Key Figures Involved

The Federal Reserve Act was the product of significant political and economic maneuvering. The key figures involved in its creation included:

Senator Nelson W. Aldrich

A Republican senator from Rhode Island, Aldrich played a pivotal role in developing the plan that eventually became the Federal Reserve Act. It is worth noting that one of Aldrich's daughters married John D. Rockefeller Jr., situating him within a non-Jewish political and financial dynasty. This highlights the mixed and complex nature of the political and financial elite during this period.

Paul Warburg

Paul Warburg, a German banker from Kuhn, Loeb Co., is often mentioned as one of the main architects of the Federal Reserve System. He brought his extensive knowledge of European central banking practices to the table, proposing a structure for the Federal Reserve. Warburg's background as a Jew from Germany and his involvement with Kuhn, Loeb Co. have fuelled conspiracy theories over the years, but there is no solid evidence linking the Rothschilds to his actions or those of the Federal Reserve's creation.

Carter Glass

Carter Glass, a Democratic congressman from Virginia, co-sponsored the Glass-Owen Bill, which served as the basis for the Federal Reserve Act. Glass's role in the creation of the Federal Reserve is well-documented, and there is no reason to suspect any involvement by the Rothschild family.

President Woodrow Wilson

Woodrow Wilson, the 28th President of the United States, signed the Federal Reserve Act into law. His administration played a crucial role in the legal establishment of the Federal Reserve.

Conclusion

The Rothschild family, while influential in global banking, had no direct involvement in the creation of the US Federal Reserve. The key figures involved in its establishment, such as Senator Aldrich and Paul Warburg, were more deeply enmeshed in American political and financial circles. Any claims to the contrary are often backed by conspiracy theories and lack credible historical evidence.

Understanding the historical context is crucial to dispelling these myths and separating fact from fiction in our discussions about the Federal Reserve and its origins.