![]() ![]() Morgan sank the Titanic to push forward plans to create the Federal Reserve. A separate conspiracy theory claims that J.P. Morgan sank the Olympic, and not the Titanic, to kill his competitors. In fact, there is a whole subculture on the social media platform devoted to them.Īnother TikTok user posted a conspiracy video that claims that banker J.P. Though the video has since been deleted, conspiracy theory videos continue to swirl around the Titanic like debris around a sinking ship. The video was astoundingly popular, garnering over 11 million views, and was reported on by media outlets like the Miami Herald and Insider. ![]() They weren’t being kept out of the shipyard like there was something super secret going on."Titanic": Waterlogged schmaltz, or pop classic? We also know there were visitors to the shipyard and press who took photos of the ships during that stay. “Just ordinary people that lived in the Belfast area would have been able to see. “It was really open air, there were hills around the shipyard where people could see if they were doing that kind of work to the ships,” Layton explained. Both ships were built there and the Olympic went back for repairs after its collision with the Hawke. Regardless, experts say, the sheer number of people it would have taken to pull off a switch of the Olympic and the Titanic adds to its implausibility, especially because the most likely place for the switch to occur would have been in the easily viewable Harland and Wolff shipyard in Belfast, Ireland. Plus, there would have been no guarantee that all three men would have died. Straus spoke favorably of the central banking system on multiple occasions and there is no known public record of Guggenheim or Astor’s views on the matter. The murderous claim that the Titanic was sunk to kill three powerful men opposed to the creation of the Federal Reserve - Benjamin Guggenheim, Isidor Straus and John Jacob Astor - also has no foundation. The ship cost $7.5 million to build, but was insured only for $5 million, meaning that its sinking was a financial loss. Speculation that the Olympic, which was damaged in a 1911 collision with the HMS Hawke, a British warship, was sunk in place of the Titanic as part of an insurance fraud scheme to build an entirely new boat with the Titanic’s policy also doesn’t hold up, in part because the Titanic wasn’t insured for its full construction value. “You simply couldn’t pass off one ship as another.” “The surveyors that went over them made the most detailed notes, write down to the last rivet, about repairs or maintenance that needed doing,” he said. Mark Chirnside, another maritime historian who has written about the Titanic, pointed out that the Olympic and the Titanic were both surveyed by British authorities to ensure they met certain standards. “Every scrap of paneling, which took months to install in each of those two ships, would have had to have been taken off both ships and switched in just a couple of days, which makes no sense,” Layton said. Multiple artifacts bearing the number 401 have been raised from Titanic and items auctioned off after the Olympic was retired in 1935 feature the number 400. ![]() It is well documented that the Olympic’s yard number was 400, while the Titanic’s was 401. Each had a distinct construction identification number, also known as a yard number, that appeared on many of their parts, including their wood paneling. One key piece of evidence can be found in the construction of the ships. Kent Layton, who has published multiple books about the Titanic. “There’s a mountain of evidence against this switch conspiracy,” said J. But maritime historians told The Associated Press that switching the RMS Titanic and the RMS Olympic would not have been possible. ![]()
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