It’s quite interesting to know that the Government is not the one controlling the money. As mentioned in the previous article, Investigation Agency has the power over the United States Federal Reserve and the US dollar being back by nothing proves the fact why the world is in a silent chaos. It’s the conservative idea and adaptation of the current financial intoxicating policies which has made the world stagnant in terms of reality. But the question still remains, how money came into place? Why do we think this system is enough for us to live? What is this system backed by? Whats the actual definition of money?
The Invention of Central Banks
It’s a very hypocritical fact that the printing of money is called as crime which means if You and I start printing money, we’d definitely be arrested but if federal reserve printed the money, it won’t be a crime. Some people might argue that they have the authority to do that, but printing a currency backed by nothing as a medium of power seems hypocritical, doesn’t it? The reason why Federal Reserve can print the money is because they invented it and the invention was considered so great that no investigating party can question Federal Reserve on their working. But the foundation of this system is not so concrete, let’s find the reason why.
In the year 1694, England has just suffered through 50 years of war. Exhausted, the English Government needed loans to fund their political means. Brain Child of the Scottish Banker William Paterson, it was decided that a privately owned bank that could issue the money to the government out of thin air was to be the solution. This was the very first modern central banking system in the world.
The Central Banking system being more influential than laws, governments and Politicians, but not stronger than the focus of the general public.
Beginning of Central Banks in United States
Fast forward to the early 20th Century, and after the two failed attempts a group of bankers wanted to put a Central Banks in the United States of America. It was December 1910 and Senator Nelson Aldrich boarded a private train car in New York with Six others. The Six were not to be spotted by any news reporters to avoid questions.
Their destination: Jekyll Island off the coast of Georgia. The meeting went for 9 days and from that they created the Federal Reserve System. This is all documented and a matter of Public Record. Some of them even went on to write about the meetings in their personal biographies. As the President of National City Bank of New York, Frank Vanderlip said:
“I was as secretive – indeed, as furtive – as any conspirator. Discovery we knew, simply must not happen, or else the time and effort would be wasted. If it were to be exposed that our particular group had got together and written a banking bill, that bill would have no chance whatever of passage by Congress.”
The six men that Nelson Aldrich brought together included the head of banks, branches of government, such as the treasury and some of the richest people on Earth at the time. To give an Idea of how rich they were, In 1910, these six men represented a Quarter of the World’s worth. The bankers told the American public that the purpose of the system was to stabilise the economy and to stop the grip of the Wall Street banks over America.
If the bill were passed, this would give a very small people to print the money from nothing and give it as a loan to the American Government with interest.
Why was it done in Secret?
Because the American People didn’t want the Central Bank. Back then, unlike today, people knew what Central Banks were and Understood them very well. Everywhere a Central Bank went, there would be wealth inequality, wild swings between economic booms and busts, after each bust, those at the top of society mysteriously came out richer, while everyone else got poorer. Europe was the running example at the same time.
The Federal Reserve was originally drafted as the “Aldrich Bill”, but when it came into Congress, they recognised senator Aldrich’s name and smelled a rat. The bankers needed a cover, they decided to send two millionaire friends to carry the bill to quell the suspicions of the congress and renamed it “The Federal Reserve Act” of 1913.
Next in the textbook receipt, the bankers set out to fool the American people through disinformation, In the newspapers of the day, the bankers screamed and protested against the new Federal Reserve act. “It would ruin the banks!” they exclaimed. The average person read the protesting the articles of the bankers and thought of themselves:
“If the Bankers hate it, it must be good”
and they ended supporting up unknowingly supporting a Trojan horse. The Bankers also fooled Congress by putting clauses in the bill that limited their power only to remove them once the bill was passed. A double head fake of public and Congress- was all it took.
The Bill was passed on December 23rd 1913 while most of the Congress was out on holiday and with that, a small group had complete monopoly over the issuing and creation of American money.
Currently, it turns out to be the Biggest Scandal in the History of Human Civilisation.
What do you think about this? Let us know in the Comments below.