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Friday, October 16, 2015

What is the Federal Reserve?

The Federal Reserve is America's Central Bank. It is a private bank created in 1913 a few short years after a group of like minded individuals met in secret on a small island off the coast of Georgia called Jekyll Island. The Federal Reserve controls our money supply and every US dollar in existence was at one time created by The Fed.

This power was granted to the fed when Congress enacted the Federal Reserve Act on December 23rd 1913. With the passing of the Federal Reserve Act, Congress required that all nationally chartered banks become members of the Federal Reserve System. And in one night, Congress handed over their Constitutional responsibility to coin money to a private, secretly owned banking cartel. They continue to maintain that power today.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

Henry Ford
The Truth about The Federal Reserve
10 Facts about the Federal Reserve that every American citizen must know.​


1 comment:

Anonymous said...

great piece! thank you.