JP Morgan paid for the building of the Titanic and the Olympic. William James Pirrie, 1st Viscount Pirrie chairman of Harland & Wolff Heavy Industries built ship almost exclusively for the White Star Line. Both the ships they were acquired by International Mercantile Marine Co, owned by JP Morgan in 1903. It was part of a drive to acquire a monopoly on the North Atlantic passenger trade. Lord Pirrie brought together British Boat building excellence and JP Morgan’s money.

 

In 1912 the Olympic was involved in three accidents, the second being the most serious. As the Olympic was ruled at fault, the insurance company refused to pay out on the damages. The damage included a bent keel meaning there was a distinct lean to the port side of the ship. A characteristic which the surviving passengers of the Titanic noticed about their ship too. The damage to the hull of the Olympic was temporarily repaired in Southampton, it took over two weeks, however, the major repairs needed would have taken months and the cost would have been astronomical. Instead, the owners just stuck with the short term repairs.

 

The difference between the two ships was minimal however one difference on the forward part of C deck the Olympic had 16 port whole whereas the Titanic had 14. This is important because somehow the Titanic managed to acquire two extra portholes when it took off on its maiden voyage. Also, the Olympic was opened to the public to inspect, the Titanic wasn’t. 

 

It would have been easy to switch the names, life boats, menus and other paraphernalia over one weekend while both ships were sitting in their docks. It is alleged that Lord Pirrie ordered the switch. Captain Edward John Smith was picked for the Titanic despite his poor history with White Star. It is important to remember that the ‘Titanic’ struggled to get staff to work on it, this in spite of the fact there was a coal strike in England at the time and employment was hard to come by. It begs the question: what did the ship workers know?

 

Many first class passengers, many friends of JP Morgan, like Milton S. Hershey cancelled their plans to travel on ‘The Titanic’ just days before. JP Morgan cancelled his plans to go on the Titanic citing poor health, despite the fact he was sighted two days later in excellent health in France with his mistress. Morgan also had several bronze statues, which he was having transported to America, removed from ‘The Titanic’ just an hour before it sailed. 

 

Passengers on the Titanic included Mining Businessman Benjamin Guggenheim, Head of Macy’s department Stores Isador Strauss and John Jacob Astor, probably one of the richest men in the world. All three would have opposed the Federal Reserve System.

 

There was no attempt to save The Titanic as there were only white flares on-board. No red flares which signal danger. Therefore close by ships did not come to their aid.

 

Is possible that the Titanic was switched with its sister ship the Olympic in a great insurance scam. The Olympic had been damaged in an accident. Was insurance fraud the only way to get their money back? There were rumours among the crew that the ships had been switched. The Olympic was the older of the two ships.

 

Upon discovery of the ship, it was revealed that the ship’s hull was pushed outward, consistent with an explosion in the boilers as opposed to being pushed inward due to an impact with an iceberg.

 

The unsinkable ship was created to be the tomb for the wealthy, who opposed the Federal Reserve System. By April 1912, all opposition to the Federal Reserve was eliminated. In December of 1913, the Federal Reserve System came into being in the United States. Eight months later, the Jesuits had sufficient funding through the Federal Reserve to begin World War One.

 

The investigation was a whitewash.

 

The ‘Titanic’ was the first ship in living memory to sink as a result of a collision with an iceberg.

 

The original Titanic continued successfully as the Olympic for 25 years. It was requisitioned by the British Government as a troop transport in World War II

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