Banksters: The Federal Reserve Act of 1913

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December 24, 1913 Evening Newspaper  [Banksters sneak FED Act through over the Holidays]

On the night of December 23, 1913, after most of Congress had gone home for Christmas, a small (so small,the number of Senators actually present to vote seems to have evaporated forever from the archives) contingent of Senators allegedly passed the Federal Reserve Act. As with the dubious legality of the 16th and 17th Amendments of the same era, this one may have been the most illegitimate of all. Whatever case, it is a certainty that the reported vote (as seen in the newspaper headline at left) of 43 to 25 simply could not have happened. Considering eyewitness reports of the sparse attendance that night, a vote of 4 to 2 would fall much closer to the actual count.

President’s Signature Enacts Currency Law

Wilson Declares It the First of Series of Constructive Acts to Aid Business.

[well, at least it was honest as it certainly did “Aid” the banking business!]

Banks all over the Country hasten to enter the “Federal Reserve System.

It is unfortunate, but understandable, that young people in the United States are not taught (in the government’s schools) the history and operation of their country’s most powerful financial institution, The Federal Reserve System. Created in 1910, codified by Congress in 1913 (along with the personal income tax), this “system” facilitated the US government’s ability to inflame the nation’s citizens for the purpose of supporting the European war of 1914-1918 (World War I). Warfare provides a source of immense borrowing and provides banking corporations with huge profits in the form of interest income. Several of these same Wall Street banks financed Adolf Hitler two decades later.

Readers desiring an insight into the international interests and subsequent political relationships of the bankers who created the Federal Reserve System can click here. To understand how recent the Federal Reserve System is, my own parents were alive when it was created in the USA. The adoption of “central banking”, a concept indispensable to enforcing policies determined by big central government, is as old as Alexander Hamilton and The Federalists. Central banking has been tried and thwarted in the past. Today it is alive and well. For a brief background of this subject, read this fascinating essay.

We suggest that informed teachers use this page to help students gain valuable knowledge as part of their general education. A masterful audio-visual resource covering the broad aspects of this subject is Money As Debt.

Statutes-at-largeClick here for a .pdf of

The Statutes At Large of the United States of America,

December 24, 1913March 1913 to March 1915