A friend and business associate just stunned me by professing belief in a conspiracy theory that I had never encountered before. He doesn’t see it as a theory, either: he is certain that it is historical fact, that it has been covered up by historians and other malign forces, and that eventually it will all be revealed.
This one is, I am quite certain, bonkers, just as bonkers as the Truther claim that Bush and Cheney were really behind the attack on the Twin Towers. My cognitive dissonance scale is in revolt: I have to trust and rely on this individual, whom I respect and admire. Yet embracing something this wacky is a red flag. A big one.
The short version of the conspiracy is that the calamitous sinking of “Titanic” in 1912 was secretly orchestrated by financier J.P. Morgan. His motive was to remove three powerful businessmen—Benjamin Guggenheim, Isidor Straus, and John Jacob Astor—who opposed the formation of the Federal Reserve.
A related conspiracy theory is that as part of an insurance fraud scheme, Morgan had “Titanic” secretly switched with one of its sister ships, “Olympic.” That one is, if possible, even wackier than the murder plot, and like it, the theory is easy to debunk. Both ships had distinct construction identification numbers or yard numbers that were stamped on many of their parts, including their wood paneling. “Olympic’s” yard number was 400 and “Titanic’s” was 401. Many artifacts bearing the number 401 have been raised from the wreck of “Titanic,” and items auctioned off after “Olympic” was retired in 1935 show the number 400. Also, I can’t figure out why switching nearly identical ships would benefit anyone, but we don’t need to go into that.
As for the murder plot—
