Jewish "Control" of the Federal Reserve:
A Classic Anti-Semitic Myth

Introduction
"Money Power"
The "Rothschild" Connection
About the Federal Reserve System
The Nation of Islam: Echoing White Anti-Semites
Conclusion


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The "Rothschild" Connection

"Most of the owners of the largest banks in America," wrote the late Sheldon Emry, an early leader of the racist and anti-Semitic ‘Identity" church movement, "are of Eastern European ancestry and connected with the Rothschild banks."

In the literature of bigots, the name Rothschild is a trigger for the most explosive of anti-Semitic tremors, and it usually sets off a litany of other Jewish names. In his recent book Called to Serve, Col. James "Bo" Gritz, the 1992 Presidential candidate of the extremist Populist Party, charged that "eight Jewish families control the FED" (Federal Reserve System).

In 1983, the charge that Rothschild banks and other international banking concerns, mostly with Jewish names, controlled the Federal Reserve was published (probably from earlier sources) in the newsletter of a local Pennsylvania chapter of the National Association of Retired Federal Employees (NARFE) — not an extremist group. The article stated that the Federal Reserve System "is not a Federal entity but a private corporation owned in part by the following: Rothschild banks of London and Berlin, Lazard Brothers bank of Paris, Israel Moses Seif banks of Italy, Warburg bank of Hamburg and Amsterdam, Lehman Bros. bank of New York, Chase Manhattan bank of New York, Kuhn, Loeb bank of New York, Goldman Sachs bank of New York."

In fact the Federal Reserve Bank of New York —the largest and most significant of the Fed’s 12 banks — lists the banks in the Second Federal Reserve District that are members and stockholders in the New York Federal Reserve Bank. With the exception of the Chase Manhattan Bank, the institutions cited by the NARFE newsletter as allegedly owning and controlling the Federal Reserve system ("Rothschild ...Lazard Brothers ...Israel Moses Seif ...Warburg ...Lehman Brothers ...Kuhn, Loeb ...Goldman, Sachs") were not members of the Federal Reserve Bank of New York.



Next: About the Federal Reserve


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This report was originally issued in July 1995

© 2000 Anti-Defamation League