“The banks wrote the Federal Reserve act, which gave them licence to issue the nation’s money. They couldn’t believe their luck when Congress voted it through.
This was secretly written at Jekyll Island & wasn’t officially admitted until 25yrs later.”

Frank Vanderlip
“I was as secretive as any conspirator. I don’t feel it’s any exaggeration to speak of our secretive expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve system.”

“Discovery of our plan simply must not happen, or else all our time & effort will be wasted.
If it were to be exposed publicly that our group had got together & wrote a banking bill, that bill would never have a chance whatsoever of passing by Congress.”

Prior to this in England, a Scottish banker had a solution to the country’s money worries. In 1691 Sir William Paterson suggested “to form a company to lend gov £1m at 6% interest & £5,000 management fee.”
The Bank Of England was born.

The Bank of England title is a carefully constructed lie that is designed to make the Bank appear to be a gov owned entity, but it is not. It’s a private bank, with private shareholders, for private profit, with a charter from the King to produce money out of thin air & lend it.

Thomas Jefferson “The spirit of war & indictment, since the modern theory of debt, has drenched the earth with blood & crushed it’s inhabitants under burdens ever accumulating.”

Andrew Jackson’s veto message of the central bank “Whatever interest or influence, public or private, has given birth to this bill, it can’t be in the wishes or necessity’s of the executive by which present action is premature.
Not only unnecessary, but dangerous to our country”

“It is to be regretted that the rich & powerful too often bend the Acts of gov to their own selfish purposes.
If we can’t at once, in justice to interests vested under improvement legislation, lake our gov what it ought to be, we can at least take a stand against all new grants”

“Of monopolies & exclusive privileges, against any prostitution of gov to the advancement of the few at the expense of the many.”

Jackson pays off gov’s debts & then in retaliation the bankers create panics & blame them on Jackson scrapping the national bank.
70yrs later with the 1907 panic, the bankers were in position to influence Congress again with Owen/Glass & the Federal Reserve act is signed in 1913.

John Kenneth Galbraith
“The study of money, above all other fields in economics, is one which complexity is used to disguise truth or to evade truth, not to reveal it.”

The simple truth, behind all the jargon, is that a banking cartel has monopolised the most important item in our entire economy. Money itself.
We’re taught that gov prints & mints our money, while partially true, in today’s economy over 90% is created by private banks.

The Fed “Commercial banks create check book money whenever they create a loan, simply by adding new deposit dollars to accounts on their books in exchange for a borrowers IOU.”
The vast majority of money in the economy is created out of thin air as debt, owed back with interest.

Fed says it’s not private profit making institution.
Supreme Court ruling
“Instrumentalities like the national banks or the federal reserve banks, in which there are private interests, are not departments of the gov.
They are private corporations in which the gov has no interest”

*has AN interest.” Not no interest.

These private corporations issue shares that are held by the member banks that make up the system, which ultimately makes the banks, owners of the federal reserve banks.
As the 2008 crash shows, the Fed is used to bail out the very banks who own the Fed banks.

“A handful of financial institutions have enriched themselves as a result of institutional speculation on a large scale, as well as manipulating the markets.
They then go to their gov’s & say we’ve gotten ourselves in a situation & can you give us money to stabilise the system.”

“Who brokers the public debt ?
The same financial institutions that are recipients of the bail out. So you have a circular process, it’s a diabolical process.”

“What the gov is doing is financing its debt through the bailouts.
Handing money to the banks, the same banks they’re indebted to.
They then ask to do something about this debt & the banks say your books aren’t in order.
Of course they aren’t in order we’ve just gave you $1.4 T.”

It was the very banks presidents who had overseen these lending practices, who ended up in the directorships of the federal reserve banks, voting where to direct the trillions in bailout money.
Unsurprisingly, they directed it to their own banks.

Blatant conflicts of interest.
CEO of General Electric sat on the board of the New York Fed. At the same time the Fed directed $16billion to GE.

JP Morgan CEO was member of New York Fed, during the period that saw $391billion in emergency lending to his own bank.

In all, federal reserve board members oversaw $4TRILLION in loans to their own banks.
This wasn’t just to keep these banks afloat, it returned them to record profits while the average American actually saw their real wages decrease.
These conflicts were baked in from the start.

Reginald McKenna.
“They who control the credit of a nation, direct the policy of government & hold in the hollow of their hands the destiny of the people.”