The Origin of the Fed
I'll take you through the story of Jeckyll Island. It's a fascinating story of how the Federal Reserve Bank came to be, how those banks and central banks work in the background and how important secrecy was at its inception. I will take you back to the early 1900s
The trip to Jeckyll Island.
This island is privately owned by JP Morgan, and was the place where six representatives of the biggest names in banking met. You should know that their idea of a central bank had been tried 3 times before, and doomed to failure each time. But this time Paul Warburg was present, the representative of the Rothschild branch in Europe. In England, the experiment with the central bank, The Bank of England, had succeeded and Mr. Warburg was an expert in the field. So the real intention was to install a copy of the aforementioned bank. Before proceeding, it might be best to introduce the attendees.
Nelson W. Aldrich: Republican in the Senate and chairman of the National Monetary Commission and an in-law of Rockefeller.
Henry P. Davison: senior partner of J.P. Morgan.
A. Piatt Andrew: assistant to the Secretary of the Treasury.
Frank A. Vanderlip: President of the National City Bank New York, representative of William Rockefeller.
Benjamin Strong: head of the J.P. Morgan Bankers Trust Company.
Paul M. Warburg: Partner at Kuhn, Loeb & Company. Representative of the Rothschilds and Warburgs in Europe.
It was November 1910. The big names in banking were beginning to make their way to an island off the coast of Georgia. Their last names were left out, so as not to give themselves away. It had to be done quietly and behind closed doors, because if it became known who was behind it, the people might revolt. For the bitter truth, is that they wanted to install a system of total monetary power that was also privately owned.
There is nothing federal about the bank and they certainly have no reserves, but they planned to appropriate the power of money printing. On the island, all the staff were sent home and some well-screened people were put in their place. Behind these doors a total of 1/6 of the total wealth on earth was united. And these people wanted to expand their enormous power into a totalitarian power. A cartel of banks was their goal, and they had a number of calculated consequences that would make the bank even more powerful.
One of these for example, was the personal income tax. There was no such tax before the Fed, but it would be needed in the future to pay the interest on the national debt. Now you should know, that interest rates were never co-created. They push the government into debt and levy interest. This also brings us directly to a second consequence.
If the interest is non-existent in your own country, then you conquer other countries to expand resources and military power. Yes you read it correctly, war is a revenue model. This became painfully clear, especially after World War II. Where once weapons were made to make war, wars were created to keep the cash register of the arms industry ringing. Closer to home, they were given the power to lecture the other banks and to make it extremely difficult to allow new players into the field. Monopoly is literally the name of the game here. And they played it damn genius.
It's also so arranged, that when the banks make mistakes and are in danger of going bankrupt, the taxpayer pays for it via Bail outs. We saw this especially after the failure of Lehman Brothers, and the aftermath of the 2008 crisis.
The federal reserve act
All of this is contained in the Federal Reserve Act and was deviously pushed through in Congress in 1913. The fact that individuals have power over the monetary system in the US, should be outlawed. It is a recipe for corruption and abuse of power. How will all of this end, and how long will the people swallow it? Only time will tell.