Morgan Robertson's 1898 novella 'Futility' features a ship called the Titan — the world's largest, declared unsinkable, crossing the Atlantic, striking an iceberg off Newfoundland, and sinking with too few lifeboats. Every parallel is real. Conspiracy theorists say Morgan read it and used it as a playbook.
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Carter Roy methodically dismantles the Morgan conspiracy. First, the supposed victims: a 1911 New York Times article, still in the archives, shows Isidore Strauss explicitly urging support for the National Reserve Association [1] — Carter Roy "Morgan is nothing if not a good businessman. And sinking the Titanic is not a good deal." 40:45 . There is no evidence of how Astor or Guggenheim felt about central banking at all. Second, even if all three had been vocal opponents, it's hard to see how their deaths would have stopped the Federal Reserve Act — the legislation went through years of bipartisan revisions, a Democrat presidential election, and committee scrutiny before passing. Third, and most damning: Morgan is a businessman. The Titanic's maiden voyage is one of the crowning achievements of his career. The ship needs multiple voyages to recoup its $7.5 million construction cost. If Morgan wanted those men dead, there were cheaper, more reliable methods. A tragedy like the Titanic, aside from the human cost, is simply bad business.
The theory that J.P. Morgan sank the Titanic to kill Federal Reserve opponents collapses because Isidore Strauss publicly supported the banking plan in the New York Times in 1911.
Factories that replaced coal engines with electric ones in the early 1900s got only 6% efficiency gains. Those that redesigned their entire factory around electricity got a 3x productivity improvement. Swapping AI tools into your existing structure will give you 6%. Rebuilding around AI will give you 10x.
Lebanese terrorists backed by Iran were holding American hostages throughout the Reagan presidency. Reagan had loudly campaigned against negotiating with terrorists — putting him in an impossible position that his team quietly decided to ignore.
During the Iran-Iraq War, the US openly supplied Iraq with weapons, training, and intelligence. At the same time, Oliver North was secretly funneling missiles to Iran. The US was playing both sides of a shooting war.
Oliver North traveled to Iran under the alias 'William P. Goode' with a fake passport. CIA Director William Casey allegedly gave him cyanide pills so he could kill himself rather than be tortured if captured. He returned safely and the deal moved forward.
The Pentagon sold missiles to the CIA for $3,700 each. The CIA sold them to Richard Secord at cost. Secord sold them to Iranian middleman Ghorbanifar for $10,000 each. Ghorbanifar charged Iran even more. The profit — including $3 million in interest in one Swiss account — was diverted directly to fund the Nicaraguan Contras.
America secretly transferred 2,000 missiles and missile parts to Iran in 8 shipments over more than a year. Only 3 of 7 hostages were released. Three more were taken. The net result was zero freed hostages and a full-blown constitutional scandal.
On October 5, 1986, a CIA Contra supply plane flew a weapons drop at 2,500 feet in broad daylight. A Sandinista soldier shot it down. The only survivor, Eugene Hasenfuss, had borrowed a parachute from his skydiving brother. He was captured, paraded in front of cameras, and told the Sandinistas everything he knew.
The CIA supply operation used a front company called Southern Air Transport, widely known to be a CIA cover. Crew members of the downed plane carried their Southern Air Transport employee IDs in their wallets. One also had a business card directly linking him to Oliver North's office in Washington.
When the scandal broke, Oliver North and his secretary Fawn Hall conducted what became known as a 'shredding party,' destroying a day's worth of documents. The full truth of Iran-Contra may never be known because of what was fed through that shredder.
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