The Mellon Conspiracy: Secret Control Over the U.S. Financial System
The Mellon family had always held a high position in the financial landscape of America, standing alongside such names as Rockefeller and Rothschild. Their influence has reached back at least to the 19th century and has enshrined them in U.S. economic history. This comes with much controversy. There are theories that the Mellon family works behind the scenes to control the U.S. Federal Reserve covertly. While their role is well-documented in shaping the economy of the U.S., some allegations of secret manipulation and dark financial practices did continue to raise a few eyebrows. This article examines those theories that draw a line between fact, myth, and conspiracy, focusing on the purported influence of Mellon over global economic stability.
Central Theory: The Mellon Family and its Alleged Control over the Federal Reserve
One of the most propagated theories is that there is some underground financial machination by which the Mellon family wants to altogether dominate the U.S. Federal Reserve. In 1913, it was established as an independent governmental agency by which to administer the monetary supply of the United States. According to conspiracy theorists, however, families such as the Mellons, Rockefellers, and Rothschilds are the ones who manipulate financial institutions to serve themselves. The theory postulates that through this process—often termed the "financial elite"—these few families have control over central banking systems around the world to affect interest rates, inflation, and even create economic crises.
It is also said to afford these few families with some sort of control over the flow of capital anywhere around the world.
The theory postulates that the Mellons, at the helm of controlling supply and interest rates on money, assure it that the gap in wealth keeps on mounting, with just a small dot of elite families retaining more power.
But to its believers, the Federal Reserve is actually a means for families like the Mellons, through an organization answerable to Congress in name only and shrouded in a semblance of transparency, to continue to pull the strings from behind the scenes on the world stage.