financialsense.com / By Doug Tjaden / 03/13/2013
Who wouldn’t like live 100 years? Imagine having that time to establish a legacy that would outlive you. Imagine the good you could do!
Or, if you so desired, the harm.
On November 22, 1910, Senator Nelson Aldrich and six of the wealthiest and most powerful men in the world took a train ride to Jekyll Island, an obscure little island off the coast of Georgia. There, plans were made by these powerful elite to create a permanent central bank in the United States.
There was a problem however. The incumbent President at the time, William Howard Taft, was not inclined to support creating another central bank. From the time President Andrew Jackson successfully “killed” the Second Bank of the United States, the nation did just fine without one. Taft was favored for re-election in 1912. Something had to be done.
Former Republican President Theodore Roosevelt (who happens to have created the National Monetary Commission) entered the Presidential race. By splitting the Republican vote, he paved the way for underdog Democrat Woodrow Wilson to win the election. What occurred next was a classic execution of the Hegelian dialectic process. This process serves to create a platform for debate, which is then directed by those in the debate to a predetermined “synthesis” or outcome.
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