Quote from wilburbear:
Morgan said that because he was left out of the looting of America.
The creation of the Federal Reserve was being talked about at this time. The Fed was actually created in 1913.
Rockefeller and 2 other guys whose names I forget were central in creating the Fed. Morgan was left huffing about principals, and President Wilson was duped (which he later admitted), by swindlers from New York.
Why is it always New York? I leave them to their fate. I don't care what's happened to them up there.
At least it created a profitable trading vehicle (gold as an asset class).
It still functions as money. Buy it when it's cheap relative to stocks.... wait 10+ years and take your profits.
It's that simple.