Rothschilds, Rockefellers, and bankers five objectives for the FED

Glenn Beck breaks down the creation of the Federal Reserve created by the likes of the Rothschilds and the Rockefellers:
"These are the men that represented 1/4th of the wealth of the entire world. The Morgans, the Rockefellers, the Warburgs, The Rothschilds all in one room.. They all had come together to form a banking cartel so they didn't have to compete against each other.
Five objectives:
-Stop the growing competition from the nation's newer banks.
-Obtain franchise to create money out of nothing for the purpose of lending.
-To get control of the reserves of all the banks.
-Shift the losses from the bank owners to the taxpayers.
-Convince congress that the purpose was to protect the public."