Where this was said
Debunking the Morgan Conspiracy
At 40:45 · chapter starts 38:30
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.
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.
