The Federal Reserve botched its stated mission. America’s “private central bank” was created with the stated goal of preventing financial crises such as the Panic of 1907. History proves that the Fed failed multiple times. The Great Depression, the recession of 1973-1975 and the recent financial crisis of 2008 happened on Fed’s watch and its critics argue that the central bank’s actions have exacerbated the damage done to American and global economies.
The creators of the Federal Reserve never intended to achieve their stated mission because it was just part of their camouflage to get the U.S. Congress to pass the law that established the Fed.
The Federal Reserve System was designed by six men who met in secret on Jekyll Island, Georgia in 1910. These six men represented approximately 25% of the entire wealth of the whole world at the time. The men were:
- Senator Nelsen W. Aldrich, father-in-law to John D. Rockefeller, Jr. and grandfather of David Rockefeller and Nelson Aldrich Rockefeller, former Governor of NY and former Vice-Presidential Candidate
- Henry P. Davison, Senior Partner of J.P. Morgan Company
- A Piatt Andrew, Assistant Secretary of the Treasury
- Frank A. Vanderlip, President of the National City Bank of New York, representing William Rockefeller
- Benjamin Strong, head of J.P. Morgan's Banker's Trust Company and later head of the Federal Reserve System
- Paul M. Warburg, a partner in Kuhn, Loeb & Company, representing the Rothschilds and Warburgs of Europe
For many years, the central bankers of Europe loaned money to the various governments. By playing one government against another, they actually controlled those governments. They often financed both sides in war and profited from both sides. The United States resisted getting involved with central bankers for a great part of its first 120 years or so, during its greatest period of economic growth in history. (A major exception was the Bank of the United States which President Andrew Jackson eliminated.)
The U.S. Constitution does not permit the Federal Government to print paper money. The framers of the Constitution were very aware of the inflationary dangers of paper currency from their experience during and shortly after the American Revolution with the printing of Continental currency and the destructive inflation that quickly made it worthless. The Constitution permitted only the "coining" of money from precious metals like gold and silver. One mistake they did make was to permit the Federal Government to borrow money. This left the door open for central bankers to get their foot in the door. And that is the flaw that these men worked to exploit in their plan hatched at Jekyll Island. It took these men until 1913 to get the U.S. Congress to pass the billl that created the Federal Reserve.
They used a number of approaches to hide their actual intent: They intentionally did not use the word "Bank" in its name. They use the word "Federal" in their name to make most people believe it was a government agency when it is really a private organization. They falsely stated that their intent was to prevent financial crises when their real intent was to gain control over the government and enhance their own profits. They proposed numerous branches around the country to deceive people into believing that control was decentralized when their real intent was to vest centralized control in the one main place while the branches were just a deception. The carefully decided upon the word "Reserve" in their name to give the impression that it was an organization that banks could fall back on to prevent financial crises.
There are two excellent books that describe the history of the central banks, how these six men planned the cartel that became the Federal Reserve, and why the Federal Reserve should be abolished:
One is a short, quick read at only 136 pages. It is:
"None Dare Call It Conspiracy"The second book provides much more detail and is 588 pages, but still very readable. It is
"The Creature From Jekyll Island" Both of these books make a strong case that the goal of these rich bankers is to create a one world government, "A New World Order" that they control. Tearing down the U.S. economy is just one step helping them toward their goal. In his book
"Memoirs", David Rockefeller states on page 405: “Some even believe we (the Rockefeller family) are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that's the charge, I stand guilty, and I am proud of it.”
