Another claim that started gaining traction in late 2017 alleges that J. P. Morgan deliberately sank the ship to kill off several millionaires who were in opposition to the
Federal Reserve. The claim appears as early as 2002 in the book
The Secret Terrorists by conspiracy theorist Bill Hughes, where it is purported that the sinking of the
Titanic was part of a larger Jesuit plot to create a central bank in the United States. Some of the wealthiest men in the world were aboard the
Titanic for her maiden voyage, several of whom, including
John Jacob Astor IV,
Benjamin Guggenheim, and
Isidor Straus, were allegedly opposed to the creation of a U.S.
central bank. No evidence of their opposition to Morgan's centralised banking ideas has been found: Astor and Guggenheim never spoke publicly on the subject, while Straus spoke in favour of the concept. All three men died during the sinking. Conspiracy theorists suggest that Morgan arranged to have the men board the ship and then sunk it to eliminate them. Morgan cancelled his ticket for
Titanic's maiden voyage due to a reported illness, while Guggenheim had not purchased a ticket before Morgan's cancellation. Morgan, nicknamed the "
Napoleon of Wall Street", had helped create
General Electric,
U.S. Steel, and
International Harvester, is the namesake of
JPMorgan Chase, and was credited with almost single-handedly saving the U.S. banking system during the
Panic of 1907. Morgan did have a hand in the creation of the Federal Reserve, and owned the
International Mercantile Marine, which owned the White Star Line, and thus the
Titanic. Morgan, who had attended the
Titanic launching in 1911, had booked a personal suite aboard the ship with his own private
promenade deck and a bath equipped with specially designed cigar holders. He was reportedly booked on the ship's maiden voyage but instead cancelled the trip and remained at the French resort of
Aix-les-Bains to enjoy his morning massages and sulfur baths. This theory has been refuted by
Titanic experts George Behe,
Don Lynch, and Ray Lepien who have each provided alternate, more widely accepted theories as to why Morgan cancelled his trip. Conspiracy theorist
Stew Peters has advanced an alternative version of the theory, alleging the Rothschilds were behind both the Federal Reserve and the
Titanic’s sinking. Peters also claimed that the
Titan submersible implosion in 2023 was orchestrated via sabotage to prevent its own passengers from discovering that the
Titanic was sunk by a "controlled demolition" instead of an iceberg. ==See also==