The ‘role’ of the Fed in theory that denies sinking of the Titanic

The Titanic it did sink in 1912 and was not replaced by another ship for the fraudulent collection of insurance or the object of a sabotage to kill businessmen opposed to the creation of the US Federal Reserve (the Fed), as a theory without historical basis reactivated. by the QAnon collective.

The ‘EFE Verifica’ section, the ‘fact chek’ of the ‘EFE’ agency, received a query on its WhatsApp channel about a video broadcast on social networks that states that the Titanic was replaced by another ship, the Olympic, so that its intentional sinking would allow the collection of a safe millionaire, while the incident would have allowed the banker JP Morgan remove tycoons opposed to the founding of the Fed.

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The content of the video is based on the mixture of old theories that in recent months have been reactivated by the American denialist collective QAnon, whose influence has led to its replication in other countries.

Thus, publications with variations on these conjectures have been shared hundreds of times in recent months on social networks of Argentina, Colombia or Brazil.

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The British ocean liner Titanic sank on the night of April 14, 1912 during its maiden voyage, with no evidence that the claim was the result of an insurance company scam or a plot, as international historians and verifiers have shown.

The video broadcast explaining the theory that the Titanic did not sink in 1912 lasts six minutes and the argument it presents is that the Titanic was replaced by another ship, the Olympic, which presented significant damage that was not covered by any safe.

According to this explanation, the montage would include a plot to end the lives of important businessmen (Benjamin Guggenheim, Isidor Straus y Jacob Astor) who opposed the creation of the Fed, against the will of JP Morgan, who defended the need to found this institution.

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Both theories have been around for years. internet, They resurfaced with force on the occasion of the centenary of the sinking of the ocean liner, in 2012, and have a new life again thanks to the denialist collective QAnon.

Image of the Titanic.

Private file


The hypothesis that the shipping company White Star Line, owned by a larger company controlled by JP Morgan, it replaced the Titanic with a similar ship damaged months earlier in an accident, the Olympic, to defraud the insurance company was exposed in several books published since the 90s by the amateur historian Robin Gardiner.

His claims have been refuted by various researchers, who explain that the differences in the construction and design of the two ships were large enough to make it impossible to change in a short time.

In addition, the impersonation made no practical sense, as there were easier and cheaper ways to fake an accident than to substitute one ship for another and make it cross the Atlantic full of passengers and crew to hit an iceberg and thus collect insurance that did not it would have been enough to deal with the actual damage suffered by the Olympic.

Northern Irish historian Gareth Russell has come to qualify the theory as “painfully ridiculous“, en su libro ‘The ship of dreams: the sinking of the Titanic and the end of the Edwardian Era’.

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As regards the conspiracy to facilitate the creation of the Fed, there are documented historical facts that disprove this theory.

Those who defend this speculation point out that JP Morgan avoided traveling on the Titanic as he had planned and that he was thus able to kill Guggenheim, Straus and Astor, who opposed the birth of the Federal Reserve.

However, Morgan had to cancel his trip due to a setback in the shipment of his art collection to New York, according to the biography of the banker signed by Jean Strouse and a book by Brad Matsen on the sinking, both cited in a verification of the newspaper ‘The Washington Post’.

Another fact that detracts from the plot theory cited in that article is that Guggenheim didn’t book his trip until after Morgan’s cancellation.

There is also no record of Guggenheim and Astor’s rejection of the founding of the Fed, while Straus had even spoken in favor.

In conclusion, the theories that explain that the sinking of the Titanic was a hoax to fraudulently collect insurance and eliminate businessmen opposed to the founding of the Fed are disproved by documented historical facts.


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The ‘role’ of the Fed in theory that denies sinking of the Titanic