Published on Steve Lendman Blog, by blog owner, Dec 23, 2013.
December 23, 1913 will live in infamy. Three days before Christmas, House members passed the Federal Reserve Act (FSA).
On December 23, Senate members did so. President Woodrow Wilson was a tool of big money. He was JP Morgan’s man in Washington. He signed FSA into law straightaway. He acted disgracefully.
So did Congress. It passed FSA in the middle of the night. Most congressional members hadn’t read it.
They wouldn’t have understood it anyway. It was cleverly worded to deceive them. Only its creators knew its purpose. Ellen Brown explained what happened as follows:
“In plain English, the Federal Reserve Act authorized a private central bank to create money out of nothing, lend it to the government at interest, and control the nation’s money supply, expanding or contracting it at will.”
Weeks before FSA was enacted, the 1913 Revenue Act became law. It imposed a federal income tax. It did so to pay bankers interest on America’s money. It let taxpayers do it.
The University of Virginia’s Miller Center of Public Affairs calls itself a “nonpartisan research institute.” It claims to seek “to expand understanding of the presidency, policy, and political history.”
It calls the Federal Reserve Act “one of the crowning achievements of President Wilson’s New Freedom program.”
It lied claiming it helped “safeguard America’s financial institutions, the American economy, and the supply of US currency.”
It turned truth on its head saying it let “a level of governmental control…monetary supply that was unprecedented in American history.”
It went further claiming it continues to provide “the framework for regulating the nation’s banks, credit, and money supply.”
Truth is polar opposite what the Miller Center’s narrative suggests. Privately controlled Fed policy has been hugely destructive for 100 years. It’s a financial weapon of mass destruction. More on this below.
In 1910, seven powerful figures met secretly. They did so on Jekll Island. Nelson Aldrich and Frank Valderclip represented Rockefeller financial interests.
Charles Norton and Benjamin Strong represented JP Morgan. Paul Warberg represented Rothschild family interests. No one represented popular ones.
Rockefeller/Morgan/Rothschild representatives planned the Federal Reserve System. Three years later, it became the law of the land. Congress acted unconstitutionally. So did Wilson signing FSA into law.
Doing so violated the Constitution’s Article I, Section 8. It affords Congress sole power to coin (create) money and regulate the value thereof.
In 1935, the Supreme Court ruled Congress can’t constitutionally delegate its authority to another body or group.
Congress and Wilson defrauded the public. They did so by granting Wall Street money creation power. They gave powerful bankers absolute monetary control.
US and world economies changed. They did so for the worst. Former law professor Woodrow Wilson understood full well what he did. He acted lawlessly anyway.
When it was too late to matter, he lied saying:
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its credit system. Our system of credit is concentrated.”
“The growth of the nation, therefore, and all our activities are in the hands of a few men.”
“We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”
Wilson irresponsibly signed into law the 1917 Espionage Act and 1918 Sedition Act. Both measures targeted free expression … //
… (full long, long text with links).
Snowden will help Germany investigate NSA spying if granted asylum – report, on Russia Today RT, Dec 23, 2013;
Pussy Riot protesters Tolokonnikova and Alyokhina released in amnesty, on Russia Today RT, Dec 23, 2013;
Putin: I envy Obama, because he can ’spy’ and get away with it, on Russia Today RT, Dec 19, 2013;
NSA methods reminiscent of those used in USSR under Stalin – Lavrov, on Russia Today RT, Dec 18, 2013;
United Nations’ drones: A sign of what’s to come? on Privacy International.org, by Anna Crowe, Dec 11, 2013;
Opening the left door wide, on New Politics, by Warren Davis, Nov. 27, 2013;
The Creature from Jekyll Island, a Second Look at the Federal Reserve, by G. Edward Griffin, on amazon.