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to meet the credit needs of the economy. They wanted the money supply to be controlled by their
elected representatives, and not the money interests of Wall Street. They created the People’s
Party, and ran their own independent presidential candidate in 1892. And in 1896, they hitched
their wagon to the campaign of Democrat William Jennings Bryan, who lost to McKinley,
effectively ending the Populist movement.
This political movement created the initial stirrings for what eventually became the Federal
Reserve Act.
THE FEDERAL RESERVE ACT
The end of the Civil War in 1865 ruined the Illuminati’s chances to control our monetary
system, as they did in most European countries. So, the Rothschilds modified their plan for
financial takeover. Instead of tearing down from the top, they were going to start at the bottom to
disrupt the foundation of our monetary system. The instrument of this destruction was a young
immigrant by the name of Jacob Schiff.
The Schiff family traced their lineage back to the fourteenth century, and even claimed that
King Solomon was an ancestor. Jacob Schiff was born in 1847, in Frankfurt, Germany. His
father, Moses Schiff, a rabbi, was a successful stockbroker on the Frankfurt Stock Exchange. In
1865, he came to America, and in 1867, formed his own brokerage firm with Henry Budge and
Leo Lehmann. After it failed, he went back to Germany, and became manager of the Deutsche
Bank in Hamburg, where he met Moritz Warburg (1838-1910), and Abraham Kuhn, who had
retired after helping to establish the firm of Kuhn & Loeb in New York.
Kuhn and Loeb were German Jews who had come to the United States in the late 1840’s, and
pooled their resources during the 1850’s to start a store in Lafayette, Indiana, to serve settlers
who were on their way to the West. They set up similar stores in Cincinnati and St. Louis. Later,
they added pawnbroking and money lending to their business pursuits. In 1867, they established
themselves as a well-known banking firm.
In 1873, at the age of 26, Jacob Schiff, with the financial backing of the Rothschilds, bought
into the Kuhn and Loeb partnership in New York City. He became a full partner in 1875. He
became a millionaire by financing railroads, developing a proficiency at railroad management
that enabled him to enter into a partnership with Edward Henry Harriman to create the greatest
single railroad fortune in the world. He married Solomon Loeb’s oldest daughter, Theresa, and
eventually bought out Kuhn’s interest. For all intents and purposes, he was the sole owner of
what was now known as Kuhn, Loeb and Company. Sen. Robert L. Owen of Oklahoma
indicated that Kuhn, Loeb and Company was a representative of the Rothschilds in the United
States.
Although John Pierpont Morgan (1837-1913), the top American Rothschild representative,
was the head of the American financial world, Schiff was rapidly becoming a major influence by
distributing desirable European stock and bond issues during the Industrial Revolution. Besides
Edward H. Harriman’s railroad empire, he financed Standard Oil for John D. Rockefeller (1839-
1937), and Andrew Carnegie’s (1835-1919) steel empire. By the turn of the century, Schiff was
firmly entrenched in the banking community, and ready to fulfill his role as the point man in the
Illuminati’s plan to control our economic system, weaken Christianity, create racial tension, and
to recruit members to get them elected to Congress and appointed to various government
agencies.