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What is the US Federal Reserve (Banking) System? ~ G Edward Griffin
This video describes how the current (3rd) Central Bank of America was founded. Because the Term 'Central Bank' was associated with graft, corruption & greedy rich people, when a Central Bank was reestablished in the United States of America in 1913, it was politically inadvisable to call the new bank, a central bank. Therefore, a small group of rich, old, white patriarch met on Jekyll Island to determine what to call it, & to draft the verbiage that would become the Federal Reserve Act of 1913. Thus these rich, old, white patriarch bankers decided to name the reinstated US Central bank the 'Federal Reserve (Banking) System'. Congress founded it by passing the Federal Reserve Act of 1913 (Again, this was the same verbiage drafted by the rich, old, white patriarch bankers on Jekyll Island. More backstory follows:
The charter of the Second Central Bank of the United States of America expired in 1836. President Jackson killed that bank. From 1836 to 1913 the US had no central bank & the value of the specie-backed US Dollar increased 18%.
From the late 1800s to 1913, the Populist demanded and Petitioned for redress of their grievances that the "Banking Trust" was generating huge profits to itself by manipulating the value of the US Dollar & the US Economy. The Populists demanded the Banks be reigned in & better regulated. In 1907, front-men for the Rothschild machinated a financial crisis. This crisis was used as a pretext to bring back the US Central Bank. The Democrats promised the Populists that if they voted for their candidates & gave them a majority, they would pass legislation to redress their grievances. The Populists kept their end of the deal, & voted Democrat.
The Democrats betrayed the Populists by secretly letting the very Banking Trusts the Populists grievances were about, draft the legislation that was legislation that would become the Federal Reserve Act of 1913, on Jekyll Island. This Legislation instead reduced regulation of the biggest banks, & would eventually lead to the US Dollar No longer being backed by specie (Gold, Silver, etc) & implemented a system of 'Debt-Based Fiat Money'.
The value of the US Dollar, with a central bank, declined 95+% from 1913 to 2013. That lost value with to the 'Banking Trusts', their owners, and their friends. Much of these huge unearned profits are used to bribe Congress to all the current Central Bank to continue to operate, and finances advancement of the rich, old, white Progressive Globalist Patriarch Elite seditious & treasonous Insurgency. The end goal being a New World Government under One World Government.
Your move, my fellow American Patriots!
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