The Federal Reserve Bank is not a government institution, it has no reserves, and it is not a bank. It is a cartel that was …
Federal Reserve
The Federal Reserve Bank is not a government institution, it has no reserves, and it is not a bank. It is a cartel that was created in top secrecy and deceptively put into place in 1913. It’s goal is to maintain control in the financial system, and therefore their powerhold by keeping We The People in never-ending debt, aka Debt Slaves. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts. From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble, to the housing market crisis, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy.
In order to understand the Federal Reserve, we must first understand its origins and context. We must deconstruct the puzzle. The first piece of that puzzle lies here, in the White House. This is where the Federal Reserve Act, then known as the Currency Bill, was signed into law after passing the House and Senate in late December, 1913. The New York Times of Christmas Eve, 1913, described the festive scene:
“The Christmas spirit pervaded the gathering. While the ceremony was a little less impressive than that of the signing of the Tarriff act on Oct. 3 last in the same room, the spectators were much more enthusiastic and seized every occasion to applaud.”
Carroll Quigley was an insider according to his own words: "I have studied it (secret international network) for twenty years and was permitted for two years, in the early 1960s, to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of its instruments ...
If you follow the alt media you've probably heard the theory that the bankers were behind the JFK assassination. The theory holds that JFK was trying to end the Fed by creating debt-free, silver-backed money through Executive Order 11110, and the bankers saw this as a threat to their monopoly over the money supply. But this theory is not just wrong, it is completely opposite to ...
Prince Bernhard of the Netherlands establishes the Bilderbergers, a group of international politicians and bankers who continue to meet secretly on an annual basis, and the First Bilderberger meeting takes place at the Bilderberg Hotel, Oosterbeek, Holland. Always well represented are top figures from the Council on Foreign Relations (CFR), IMF, World Bank, Trilateral Commission, EU, and powerful central bankers from the Federal Reserve, the ECB’s ...
After World War II left the world’s financial system in disarray, political leaders and financial gurus met at Bretton Woods, New Hampshire, from July 1-22, 1944, to plan the post-war economic order. Economist John Maynard Keynes and the British government proposed the creation of a world currency called the “bancor,” and the U.S. government proposed a world currency to be known as “unitas.” But for a ...
Representative Wright Patman testifying to the House Committee on Banking and Currencies on September 29, 1941 regarding the insanity of the Federal Reserve System (Congressional Record, p. 7583): Our government debt at this time is approximately $50 billion. By the time that it’s paid, it will aggregate $100 billion . . . The amount of 100 percent is due to the interest charges . . ...
June 24, 1941 (Full hearings from 1941-42): House committee on Banking & Currencies - How banks create money is best revealed by Governor Eccles at Hearings before the House Committee on Banking and Currency on June 24, 1941: ECCLES: "The banking system as a whole creates and extinguishes the deposits as they make loans and investments, whether they buy Government Bonds or whether they buy utility ...
Few recall, however, how controversial the Fed was when it was first proposed and then maneuvered through a recessing Congress just before Christmas 1913. Rep. Charles Lindbergh, Sr., R-MN and father of the future aviator, called the Federal Reserve Act “the worst legislative crime of the ages.” But the strongest opposition came later, during the Great Depression. The source was Rep. Louis T. McFadden, a Republican ...
The Banking Act of 1935, which greatly increased Roosevelt’s power over the nation’s finances, was an integral part of the legislation by which he proposed to extend his reign in the United States. It was not opposed by the people as was the National Recovery Act, because it was not so naked an infringement of their liberties. It was, however, an important measure. First of all, ...
"The Congress of the United States must immediately throw the searchlight of investigation into this dark corner, or we are going to be swamped with political influences that are manufactured in foreign countries and that will lead us to the surrender of our heritage of living, just as has been done on former occasions. Just as we did, for example, when we entered into the Jay ...
Nov. 21, 1933 – In a letter to Col. Edward M. House, President Franklin Roosevelt writes: “The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government since the days of Andrew Jackson.” ...
