There’s a theory that contends the US Federal Reserve, aka the Fed, is an institution that acts independent of the US Congress, has zero transparency or accountability, and even determines its own monetary policy. If one day proven to be correct, the alternative theory surrounding the Federal Reserve is one that may explain a variety of unusual occurrences in financial markets over the years.
We investigate the Fed, in general, and the Federal Reserve Act of 1913, in some detail, in our book INTERNATIONAL BANKSTER$: The Global Banking Elite Exposed and the Case for Restructuring Capitalism. An excerpt from the book follows…
In 1913, the banksters finally succeeded in creating a US central bank with the passing of the Federal Reserve Act. This bill, which had already been soundly defeated several times, appears to have come to fruition only because of well-orchestrated timing: the Federal Reserve Act was slipped through a skeleton Congress on December 23, 1913 when most of the bill’s opponents had already left Congress for the holidays.
The Federal Reserve System, which was first devised in that secret meeting on Jekyll Island, was now codified by Congress and remains in effect to this day.
Fact: The Federal Reserve is the central bank of the United States even though it’s not a part of the US Government.
It’s not a part of the government. Not even remotely.
But it says Federal! Surely it cannot be a privately owned organization?
The Fed is not a part of the government, at all.
Critics of the Federal Reserve say its sole purpose is to strip wealth from honest, hardworking American citizens and make the world’s leading banking clans even richer.
John Hylan, Mayor of New York City from 1917 until 1925, made some extraordinary statements in a speech he delivered in 1922. What Mayor Hylan said seems to confirm a grand conspiracy was indeed devised for the American banking system by the global elite.
“The real menace of our Republic is the invisible government, which like a giant octopus sprawls its slimy legs over our cities, states and nation,” said Mayor Hyland. “To depart from mere generalizations, let me say that at the head of this octopus are the Rockefeller-Standard Oil interests and a small group of powerful banking houses generally referred to as the international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both parties, write political platforms, make catspaws of party leaders, use the leading men of private organizations, and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business.”
Only nine years after the Federal Reserve System was created, Mayor Hylan already seemed to be aware that this “invisible government” of “powerful international bankers” was controlling the US Government.
Cast your eye over these other quotes about the Fed and make up your own mind…
“The regional Federal Reserve banks are not government agencies…but are independent, privately owned and locally controlled corporations.”–Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982
“Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States.”–Senator Barry Goldwater
“The Federal Reserve bank buys government bonds without one penny.”–Congressman Wright Patman, Congressional Record, Sept 30, 1941
“The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money.” –Charles A. Lindbergh Sr., 1923
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