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The Federal Reserve Scam

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It has become obvious, with the banking industry “bail-out”, that the US Government and the Federal Reserve Bank are in full cooperation to steal the wealth of the entire nation — with unabashed audacity.  Not one person in any of the the criminal banks or stock market companies has been prosecution for the theft of 100s of billions of dollars.  However, the root of the dying tree of the US economy was carefully poised in 1913 with the formation of the Federal Reserve Bank.  The following article explains how this happened and what can be done about it:

“The high office of the President has been used to foment a plot to destroy the American’s freedom and before I leave office, I must inform the citizens of this plight.” —President John Fitzgerald Kennedy – In a speech made to Columbia University on Nov. 12, 1963, ten days before his assassination!

“Government spending is always a “tax” burden on the American people and is never equally or fairly distributed. The poor and low-middle income workers always suffer the most from the deceitful tax of inflation and borrowing.” —Congressman Ron Paul

“You are a den of vipers! I intend to rout you out, and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.” —U.S. President Andrew Jackson (1829-1837)

“If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.” —Thomas Jefferson (1816)

The Federal Reserve Scam!

by THOMAS D. SCHAUF, CPA (certified public accountant)

Our country likes to thank our forefathers for the Constitution.

I wish to thank Mr. Lou Gamboa for his research of the Constitution and our banking system. Lou Gamboa is a national speaker on the subject, and has spoken on numerous radio programs in an effort to educate the public. Lou is a Republican Committeeman and Treasurer of Taxpayers of Illinois.

I also want to thank Bob Corcoran for his research and encouragement.

I applaud the thousands of patriotic Americans who are spreading the word so we can live in economic prosperity and uphold our Constitutional rights.

ARTICLE 1, SECTION 8 OF THE CONSTITUTION STATES THAT CONGRESS SHALL HAVE THE POWER TO COIN (CREATE) MONEY AND REGULATE THE VALUE THEREOF.

IN 1935 THE SUPREME COURT RULED THAT CONGRESS CANNOT CONSTITUTIONALLY DELEGATE ITS POWER TO ANOTHER GROUP. (Reference 22, P. 168)

Rothschild, a London Banker, wrote a letter saying “It (Central Bank ) gives the National Bank almost complete control of national finance. The few who understand the system will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class… The great body of the people, mentally incapable of comprehending, will bear its burden without complaint, and perhaps without even suspecting that the system is inimical (contrary) to their interests.” [The bankers created the legislation for the FED]

In 1913, before the Senate Banking and Currency Committee, Mr. Alexander stated: “But the whole scheme of a Federal Reserve Bank with its commercial-paper basis is an impractical, cumbersome machinery, is simply a cover, to find a way to secure the privilege of issuing money and to evade payment of as much tax upon circulation as possible, and then control the issue and maintain, instead of reduce, interest rates. It is a system that, if inaugurated, will prove to the advantage of the few and the detriment of the people of the United States. It will mean continued shortage of actual money and further extension of credits; for when there is a lack of real money people have to borrow credit to their cost.”

Dear American:

Pursuant to your request, I will attempt to clear up questions you have about the Federal Reserve Bank (FED). I spent much time researching the FED and these are the shocking and revealing conclusions.

THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY. Article 1, Section 8 of the Constitution states that Congress shall have the power to coin (create) money and regulate the value thereof. Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value.

The FED began with approximately 300 people or banks that became owners (stockholders purchasing stock at $100 per share – the stock is not publicly traded) in the Federal Reserve Banking System. They make up an international banking cartel of wealth beyond comparison (Reference 1, 14). The FED banking system collects billions of dollars (Reference 8, 17) in interest annually and distributes the profits to its shareholders. The Congress illegally gave the FED the right to print money (through the Treasury) at no interest to the FED. The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest. Many Congressmen and Presidents say this is fraud (Reference 1,2,3,5,17).

Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks, a very well kept secret, has been revealed:

  1. Rothschild Bank of London
  2. Warburg Bank of Hamburg
  3. Rothschild Bank of Berlin
  4. Lehman Brothers of New York
  5. Lazard Brothers of Paris
  6. Kuhn Loeb Bank of New York
  7. Israel Moses Seif Banks of Italy
  8. Goldman, Sachs of New York
  9. Warburg Bank of Amsterdam
  10. Chase Manhattan Bank of New York
  11. (Reference 14, P. 13, Reference 12, P. 152)

These bankers are connected to London Banking Houses which ultimately control the FED. When England lost the Revolutionary War with America (our forefathers were fighting their own government), they planned to control us by controlling our banking system, the printing of our money, and our debt (Reference 4, 22).

The individuals listed below owned banks which in turn owned shares in the FED. The banks listed below have significant control over the New York FED District, which controls the other 11 FED Districts. These banks also are partly foreign owned and control the New York FED District Bank.
(Reference 22)

  • First National Bank of New York
  • James Stillman
  • National City Bank, New York
  • Mary W. Harnman
  • National Bank of Commerce, New York
  • A.D. Jiullard
  • Hanover National Bank, New York
  • Jacob Schiff
  • Chase National Bank, New York
  • Thomas F. Ryan
  • Paul Warburg
  • William Rockefeller
  • Levi P. Morton
  • M.T. Pyne
  • George F. Baker
  • Percy Pyne
  • Mrs. G.F. St. George
  • J.W. Sterling
  • Katherine St. George
  • H.P. Davidson
  • J.P. Morgan (Equitable Life/Mutual Life)
  • Edith Brevour T. Baker
  • (Reference 4 for above, Reference 22 has details, P. 92, 93, 96, 179)

How did it happen? After previous attempts to push the Federal Reserve Act through Congress, a group of bankers funded and staffed Woodrow Wilson’s campaign for President. He had committed to sign this act. In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation (Reference 3, 4, 5). When elected, Wilson passed the FED. Later, Wilson remorsefully replied (referring to the FED), “I have unwittingly ruined my country” (Reference 17, P. 31). Now the banks financially back sympathetic candidates. Not surprisingly, most of these candidates are elected (Reference 1, P. 208-210, Reference 12, P. 235, Reference 14, P. 36). The bankers employ members of the Congress on weekends (nickname T&T club -out Thursday…-in Tuesday) with lucrative salaries (Reference 1, P. 209). Additionally, the FED started buying up the media in the 1930’s and now owns or significantly influences most of it
(Reference 3, 10, 11, P. 145).

Presidents Lincoln, Jackson, and Kennedy tried to stop this family of bankers by printing U.S. dollars without charging the taxpayers interest (Reference 4). Today, if the government runs a deficit, the FED prints dollars through the U.S. Treasury, buys the debt, and the dollars are circulated into the economy. In 1992, taxpayers paid the FED banking system $286 billion in interest on debt the FED purchased by printing money virtually cost free (Reference 12, P. 265).  Forty percent of our personal federal income taxes goes to pay this interest.  The FED’s books are not open to the public.  Congress has yet to audit it.

Congressman Wright Patman was Chairman of the House of Representatives Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913. Congressman Henry Gonzales, Chairman of a banking committee, introduces legislation to repeal the Federal Reserve Banking Act of 1913 nearly every year. It’s always defeated, the media remains silent, and the public never learns the truth. The same bankers who own the FED control the media and give huge political contributions to sympathetic members of Congress (Reference 12, P. 155-163, Reference 22, P. 158, 159, 166). THE FED FEARS THE POPULATION WILL BECOME AWARE OF THIS FRAUD AND DEMAND CHANGE. We, the People, are at fault for being passive and allowing this to continue.

Rep. Louis T. McFadden (R. Pa.) rose from office boy to become cashier and then President of the First National Bank in Canton Ohio. For 12 years he served as Chairman of the Committee on Banking and Currency, making him one of the foremost financial authorities in America. He fought continuously for fiscal integrity and a return to constitutional government (Reference 1). The following are portions of Rep. McFadden’s speech, quoted from the Congressional Record, pages 12595-12603:

“THE FEDERAL RESERVE BOARD, A GOVERNMENT BOARD, HAS CHEATED THE GOVERNMENT OF THE UNITED STATES AND THE PEOPLE OF THE UNITED STATES OUT OF ENOUGH MONEY TO PAY THE NATIONAL DEBT. The depredations and the iniquities of the Federal Reserve Board and the Federal Reserve banks acting together have cost this country ENOUGH MONEY TO PAY THE NATIONAL DEBT SEVERAL TIMES OVER.”

About the Federal Reserve banks, Rep. McFadden said, “They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; the rich and predatory money lenders. This is an era of economic misery and for the reasons that caused that misery, the Federal Reserve Board and the Federal Reserve banks are fully liable.”

On the subject of media control he state, “Half a million dollars was spent on one part of the propaganda organized by those same European bankers for the purpose of misleading public opinion in regard to it.”

Rep. McFadden continued, “Every effort has been made by the Federal Reserve Board to conceal its power but the truth is the Federal Reserve Board has USURPED THE GOVERNMENT OF THE UNITED STATES. IT CONTROLS EVERYTHING HERE AND IT CONTROLS ALL OUR FOREIGN RELATIONS. IT MAKES AND BREAKS GOVERNMENTS AT WILL. No man and no body of men is more entrenched in power than the arrogant credit monopoly which operates the Federal Reserve Board and the Federal Reserve banks. These evil-doers have robbed this country of more than enough money to pay the national debt. What the Government has permitted the Federal Reserve Board to steal from the people should now be restored to the people.”

“Our people’s money to the extent of $1,200,000,000 has within the last few months been shipped abroad to redeem Federal Reserve Notes and to pay other gambling debts of the traitorous Federal Reserve Board and the Federal Reserve banks. The greater part of our monetary stock has been shipped to foreigners. Why should we promise to pay the debts of foreigners to foreigners? Why should American Farmers and wage earners add millions of foreigners to the number of their dependents? Why should the Federal Reserve Board and the Federal Reserve banks be permitted to finance our competitors in all parts of the world?” Rep. McFadden asked.

“The Federal Reserve Act should be repealed and the Federal Reserve banks, having violated their charters, should be liquidated immediately. FAITHLESS GOVERNMENT OFFICERS WHO HAVE VIOLATED THEIR OATHS SHOULD BE IMPEACHED AND BROUGHT TO TRIAL”, Rep. McFadden concluded (Reference 1, contains an entire chapter on Rep. McFadden’s speech).

If the media is unbiased, independent and completely thorough, why haven’t they discussed the FED? Currently, half the states have at least a grass roots movement in action to abolish the FED, but there’s no press coverage. In July, 1968, the House Banking Subcommittee reported that Rockefeller, through Chase Manhattan Bank, controlled 5.9% of the stock in CBS. Furthermore, the bank had gained interlocking directorates with ABC. In 1974, Congress issued a report stating that the Chase Manhattan Bank’s stake in CBS rose to 14.1% and NBC to 4.5% (through RCA, the parent company of NBC).

The same report said that the Chase Manhattan Bank held stock in 28 broadcasting firms. After this report, the Chase Manhattan Bank obtained 6.7% of ABC, and today the percentage could be much greater. It only requires 5% ownership to significantly influence the media (Reference 14, P. 56-57). This is only one of 300 wealthy shareholders of the FED. It is believed other FED owners have similar holdings in the media. To control the media, FED bankers call in their loans if the media disagrees with them (Reference 25, P. 134-137).

Rockefeller also controls the Council on Foreign Relations (CFR), the sole purpose of which is to aid in stimulating greater interest in foreign affairs and in a one world government. Nearly every major newscaster belongs to the Council on Foreign Relations. The Council on Foreign Relations controls many major newspapers and magazines. Additionally, major corporations owned by FED shareholders are the source of huge advertising revenues which surely would influence the media (Reference 14, P. 56-59). It can be no wonder why groups such as FED-UP(tm) receive minimal, if any, press attention.

How do taxpayers stop financing those whose purpose it is to destroy us? First, expose their activity, then demand change.

3 WAYS TO ABOLISH THE FED AND ISSUE MONEY PER THE UNITED STATES CONSTITUTION, ARTICLE 1, SECTION 8:

* Buy back the FED and have the U.S. Government collect all profits.

* Abolish the FED by printing real U.S. dollars as President Kennedy attempted (Executive Order 11.110, 1963).

* Request your county/state to use their Constitutional powers to abolish the FED. This is the BEST SOLUTION. Nearly half the states are attempting or considering this action (Reference 5). Congress has had 80 years to follow the Constitution, and has refused to abolish the illegal FED. The state/county effort is working faster than any other method. We need your support to start a local chapter of FED-UP(tm) Inc. and petition your county.

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ANOTHER YEAR OF SHIT

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THE FISCAL SHIT

Do you really understand the shit you’re being told about the so-called “fiscal cliff”?  If you do not understand the how the system of private banks operate and who controls our money supply, you are being filled full of shit every day by your government.  The World Bank and Federal Reserve Banking system are controlled by Private Bankers (private corporations).  They lend money to individuals, corporations a government and charge interest.  The “money” the loan is just paper.  It isn’t backed by anything of value.  It’s just a bunch of numbers in a ledger.  The private banks are NOT controlled by any governments.  They are criminal rackets.

If you’re tired of paying more and more and more taxes every year to pay the interest on “loans” these criminal bankers make to governments, then we can do something about it.  The first step is to educate yourself about how the criminal private banking system works.  Where you know it or not you are a slave to private corporations called “banks”.  All of your “taxes” are spent to pay the “interest” on “loans” made to our government by private bankers.  This will continue to grow for the rest of your life and that of your grandchildren until we refuse to allow this criminal system to continue.  Here are a couple of introductory articles:

http://en.wikipedia.org/wiki/Money_creation

www.veteranstoday.com/2012/12/04/the-federal-reserve-cartel-part-i-the-eight-families

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TITANIC CRIMINAL, PRIVATE BANKER, MURDERER AND THIEF

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JPMorgan-bankTHE SINKING OF THE “UNSKINKABLE SHIP” TITANIC (OWNED BY J.P. MORGAN, Founder of JP Morgan banking empire) WAS THE TIP OF THE ICEBERG OF CRIMINAL DECEIT, MURDER, MASSIVE THEFT, ASSASSINATION AND COVER-UP.  THE SINKING OF THE TITANIC WAS THE PIVOTAL POINT OF 4 OF  THE GREATEST CRIMINAL ACTS IN HISTORY:
1) THE MURDERED ALL OF HIS BUSINESS COMPETITION AT ONCE — 3 of the 4 WEALTHIEST MEN IN THE WORLD — ALL OF WHOM OPPOSED THE “FEDERAL RESERVE ACT” THAT GAVE MORGAN CONTROL OF THE ENTIRE MONEY SUPPLY OF THE UNITED STATES.
2) SQUASHED THE INVENTION OF “FREE ENERGY” BY NIKOLA TESLA ENSURING PRIVATE CONTROL OF ENERGY REVENUE FOREVER, i.e. oil, coal, gas, electricity, etc..
3) GUARANTEED THE PASSAGE OF THE “FEDERAL RESERVE ACT” TO ESTABLISH HIS PRIVATE BANK AND CONTROL ALL OF THE GOLD, MONEY SUPPLY AND PROPERTY OF THE UNITED STATES.
4) SAVED HIS ‘WHITE STAR’ SHIP LINE FROM BANKRUPTCY BY COLLECTING  A FRAUDULENT INSURANCE PAYMENT ON WHEN THE TITANIC SANK.

PHOTO RIGHT — 1st Row: JP Morgan, Joseph Bruce Ismay, John Jacob Astor and Benjamin Guggenheim. 2nd Row: The Federal Reserve and the Titanic

titanic_FED

As youngsters, we’re all told the infamous story of the Titanic, the supposedly indestructible ship that sunk on its maiden voyage. We’re all familiar with the story: the ship left Southampton, England, headed for New York City on April 10, 1912.

Four days into the voyage, at 11:40pm on April 14, 1912, the Titanic struck an iceberg and sank at 2:20am, “resulting in the deaths of 1,517 people in one of the deadliest peacetime maritime disasters in history [12].”

Bad luck, we’re all led to believe. No one saw the iceberg and so the infallible ship sank. Bummer…

But few of us ever think that through. Forget, for a moment, the story we’re all fed. Does it make sense? My point is that just because we’re told a story when we’re young, doesn’t mean we should simply accept it as absolute truth.

Let’s take a look at some of the facts surrounding the sinking of the Titanic:

As youngsters, we’re all told the infamous story of the Titanic, the supposedly indestructible ship that sunk on its maiden voyage. We’re all familiar with the story: the ship left Southampton, England, headed for New York City on April 10, 1912. Four days into the voyage, at 11:40pm on April 14, 1912, the Titanic struck an iceberg and sank at 2:20am, “resulting in the deaths of 1,517 people in one of the deadliest peacetime maritime disasters in history [12].”

Bad luck, we’re all led to believe. No one saw the iceberg and so the infallible ship sank. Bummer…

But few of us ever think that through. Forget, for a moment, the story we’re all fed. Does it make sense? My point is that just because we’re told a story when we’re young, doesn’t mean we should simply accept it as absolute truth.

Let’s take a look at some of the facts surrounding the sinking of the Titanic:

1. The unsinkable Titanic sunk…on its maiden voyage. How could this unsinkable ship sink? On its first trip, no less! That alone is quite remarkable/intriguing.

2. “Captain E.J. Smith ignored multiple iceberg warnings from his crew and other ships.” Getting from England to New York as fast as possible was goal number one, at the behest of his boss, Joseph Bruce Ismay, Managing Director of the White Star Line. Ismay had pressure from his boss, J.P. Morgan, owner of White Star Line [3]. By the way, Ismay survived the catastrophe.

3. Speaking of J.P. Morgan, he had his very own private suite and promenade deck on the Titanic. He was supposed to be on that fateful maiden voyage but canceled passage [8]. Coincidence or part of Morgan’s plan?

4. Once the Titanic struck the iceberg, the captain and his crew used white flares to signal distress. Unfortunately,white flares are not the color used to signal distress; red flares are always used to show distress. So the closest ship, the Californian, ignored the flares, assuming it was a celebratory signal, rather than an emergency [7]. Oops…

5. “All ships must carry sufficient lifeboats for the number of passengers on board. The Titanic did not [7].”

6. “About three million rivets were used to hold the sections of the Titanic together. Some rivets have been recovered from the wreck and analysed. The findings show that they were made of sub-standard iron. When the ship hit the iceberg, the force of the impact caused the heads of the rivets to break and the sections of the Titanic to come apart. If quality iron rivets had been used, the ship may not have sunk [7].”

7. “The belief that the ship was unsinkable was, in part, due to the fact that the Titanic had sixteen watertight compartments. However, the compartments did not reach as high as they should have. White Star Line did not want them to go all the way up because this would have reduced living space in first class [7].”

8. Killed on the sinking ship — along with 1,514 other people — were Benjamin Guggenheim, Isa Strauss and John Jacob Astor. Astor was, at the time, believed to be the wealthiest man on the planet. Guggenheim and Strauss weren’t far behind Astor. And these three powerful men opposed the Federal Reserve.

jp-morgan-strikes(PHOTO LEFT)  An angry JP Morgan yelling at photographers. He hated having his picture taken.As an aside to the above facts, let’s take a look at an additional dimension to the dynamic between J.P. Morgan and John Jacob Astor. Both Morgan and Astor invested large sums of money in the brilliance of Nikola Tesla, a genius inventor who gained notoriety during the late 19th/early 20th century. Morgan’s primary concern with Tesla was making money. Astor and Tesla, however, were good friends [9].

“Col. John Jacob Astor, owner of the Waldorf-Astoria, held his famous dining-room guest [Tesla] in the highest esteem as a personal friend, and kept in close touch with the progress of his investigations. When he heard that his researches were being halted through lack of funds, he made available to Tesla the $30,000 he needed in order to take advantage of Curtis’ offer and build a temporary plant at Colorado Springs[11].”

So what was the big deal about Tesla? Well, “Tesla had claimed to be able to send electrical energy without wires before the turn of the century, and he envisioned people all around the globe sticking rods into the earth to extract that energy — free …. After Tesla admitted to financier J.P. Morgan that an experimental tower on Long Island was meant to send power as well as message, his public career ended …. Corporate moguls who were interested in creating monopolies and metering electrical power blackballed him [10].”

Now let’s take a look at a few of the above facts that, when taken together, may paint quite a different picture of the tragedy of the Titanic:

1. J.P. Morgan owned White Star Line ships. J.P. Morgan was also the main conspirator behind the creation of the Federal reserve banking system. He was supposed to be on the ship but canceled at the last moment.

2. John Jacob Astor, along with Benjamin Guggenheim and Isa Strauss, were three very wealthy and powerful men, all of whom were vehemently against the creation of the Federal Reserve, and were quite outspoken on the matter. Morgan viewed Astor and Co. as a huge obstacle. These three men died when the Titanic — a ship built by J.P. Morgan’s White Star Line — hit that infamous iceberg and sank.

3. J.P. Morgan and John Jacob Astor both funded Nikola Tesla, who created a way to generate an infinite amount of electrical energy. Tesla planned to allow people to access that energy for free, but Morgan squashed Tesla because he wanted to profit from energy, not give it away. Astor, Tesla’s good friend, seemed to have deep pockets for Tesla. Not good for Morgan.

4. Once Astor, Guggenheim and Strauss were dead, there was no more public outcry against the Federal Reserve. It passed congress and was signed into law the following year on December 23, 1913. In addition, now Tesla’s funding was wiped away, his friend in Astor gone.

You must admit, all of this is extremely interesting. Could Morgan have created this plot to kill off his biggest opponents? Did Morgan “whack” Astor because he was getting in his way on too many wealth and power-generating projects?

Admittedly, there are some holes in this interesting theory. For example:

1. Why wouldn’t Morgan have simply had Astor, Guggenheim and Strauss shot? That certainly would have been easier than sinking an entire ship. Then again, then there would have been intense investigations into their murders. When multi-billionaires turn up dead, no stone is left unturned.

2. How could Morgan guarantee Astor, Guggenheim and Strauss would be on the ship? Maybe there were behind-the-scenes events, put in place by Morgan, to ensure those men would be on the ship. We’ll never know.

3. Moreover, how could Morgan be sure Astor, Guggenheim and Strauss would go down with the ship and not get off onto lifeboats? Maybe Morgan knew well of the truly high character of Astor: “Colonel Astor was another of the heroes of the awful night. Effort was made to persuade him to take a place in one of the life-boats, but he emphatically refused to do so until every woman and child on board had been provided for, not excepting the women members of the ship’s company [4].” Apparently, Guggenheim and Strauss did the same.

4. Why would J.P. Morgan have believed that unless Astor, Guggenheim and Strauss were killed, his coveted Federal Reserve Act wouldn’t have passed? It seems strange that these three men would have had the combined political power to diffuse Morgan & Co.’s clandestine plans.

However, even with the doubt these questions raise in this theory, one cannot help but look upon the story of the Titanic with suspicion.

Is it just a coincidence that J.P. Morgan owned White Star Line, the company that produced the supposedly unsinkable Titanic, and that it went down with his enemy, John Jacob Astor, as well as Federal Reserve opposers Guggenheim and Strauss?

And is it merely coincidence that Morgan and Astor both funded Nikola Tesla, whose innovations could have been either the greatest gifts to mankind or the greatest wealth generators for the few, depending upon who controlled them?

Could the Titanic have been the most ingenious assassination in history?

ARTICLE SOURCE  — http://www.truthoffering.com

THE TITANIC INSURANCE SCAM
by John Hamer

In 1908, financier J.P. Morgan planned a brand new class of luxury liners that would enable the wealthy to cross the Atlantic in previously undreamed-of opulence.  The construction of the giant vessels, the ‘Olympic’, the ‘Titanic’ and the ‘Britannic,’ began in 1909 at the Harland and Wolff shipyard in Belfast, Ireland.

Unfortunately for Morgan and his personal bank balance, this money-making venture went a little awry.  The Olympic, the first one of the three sister-ships to be completed was involved in a serious collision with the British Royal Navy cruiser, HMS Hawke in September 1911 in Southampton a few weeks after its maiden voyage and had to be  ‘patched-up’ before returning to Belfast to undergo proper repair work.

In hindsight, it does seem strange that although the Olympic, the first of the ‘sisters’ to enter service, was never given the publicity her younger sister, the Titanic, enjoyed the following year  Why would that be?

In the meantime a Royal Navy inquiry into the accident found the Olympic at fault for the collision and this meant that the owner, White Star Line’s insurance was null and void.  The White Star Line was out of pocket to the tune of at least £800,000 (around $90m today) for repairs and lost revenues.

However, for Morgan and the White Star Line, there was even worse news.
It is believed that the keel of the ship was actually twisted and therefore damaged beyond economic repair, which would have effectively meant the scrapyard. The White Star Line would have been bankrupted, given its precarious financial situation..

According to Robin Gardner’s book, ‘Titanic, the Ship that Never Sank?‘
the seeds were sown for an audacious insurance scam – the surreptitious switching of the identities of the two ships, Olympic and Titanic.

In his well-documented work, Gardner presents a long series of credible testimonies, indisputable facts and evidence, both written and photographic, that suggest that the two ships were indeed switched with a view to staging an iceberg collision or other unknown fatal event.

According to Gardner, “Almost two months after the Hawke/Olympic collision, the reconverted Titanic, now superficially identical to her sister except for the C deck portholes, quietly left Belfast for Southampton to begin a very successful 25-year career as the Olympic.  Back in the builders’ yard, work progressed steadily on transforming the battered hulk of the Olympic into the Titanic.  The decision to dispose of the damaged vessel would already have been taken. …  Instead of replacing the damaged section of keel, longitudinal bulkheads were installed to brace it”.

How significant then in the light of this statement, that when the wreck of the Titanic was first investigated by Robert Ballard and his crew after its discovery in 1987, the first explorations of the wreckage reportedly showed (completely undocumented in the ships original blueprints) iron support structures in place which appeared to be supporting and bracing the keel.

This was never satisfactorily explained either at the time or subsequently but would certainly be significant if correct and there is absolutely no reason to believe that it is not correct, as it was reported by the puzzled Ballard himself who of course at that time knew nothing (and probably still does not even now) about the alleged switching of the two ships’ identities.

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References:

1. http://www.world-mysteries.com/doug_titanic1.htm

2. http://www.titanic-whitestarships.com/Owners2.htm

3. http://www.rense.com/general70/goodc.htm

4. http://www.logoi.com/notes/titanic/women_children_first.html

5. http://www.pacinst.com/terrorists/chapter5/titanic.html

6. http://www.museumstuff.com/learn/topics/Jesuit_conspiracy_theories::sub::The_Sinking_Of_The_Titanic

7. http://www.historyonthenet.com/Titanic/blame.htm

8. http://hubpages.com/hub/The_Titanic_Historical_Society

9. http://www.reformation.org/nikola-tesla.html

10. Begich & Manning, “Angels Don’t Play This HAARP” p. 12-13

11. O’Neil, “Prodigal Genius” p. 175

12. http://en.wikipedia.org/wiki/RMS_Titanic