Despite warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote:
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men.
We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” ~ Woodrow Wilson
HE SHOULD HAVE BEEN MURDERED FOR THOSE ACTIONS. COMMIE BASTARD.
“unwittingly”….yeah bullshit!
-flek
You of course, would not have listened to Col House, and would have foreseen all the possible ramifications of the “Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes”, just as you foresaw all the ramifications of the Patriot Act.
The Federal Reserve act did create a national currency, but more importantly, the act was to create a monetary system that could respond effectively to the different stresses in the banking system and create a stable financial system.
So please explain how interstate settlement and clearance of financial instruments from multiple (failing) banks, should take place without a “Federal Reserve”.
It was passed and signed into law in 4 days to solve a “national” crisis.
I understand how you would have known what the alternatives were and how to implement them, to save the financial collapse of the country, but a president, under pressure, has to be seen to be “doing something”.
Blame congress and the senate as they are the ones who passed the law, he only signed it and executed it. You know, as a President is required to do by the constitution.
The president is NOT required to sign anything, he can refuse. That would be known as a veto. Wilson was a traitor, period.
Isn’t hindsight wonderful.
The economy was falling apart, nothing was bring paid and the different “Dollars” were changing value faster than the Rouble.
So please explain how interstate settlement and clearance of financial instruments from multiple (failing) banks, should take place without a “Federal Reserve”.
Please explain what you would have done.
The primary objective was to stop local and regional inflation as private banks could print (issue credit) in whatever amount they wanted. By centralising and controlling the issue of money, they could bring inflation under control.
You have a funny definition of treason.
“…[a]…citizen’s actions to help a foreign government overthrow, make war against, or seriously injure the [parent nation].”
Wilson was a tool of the banking elite. He dragged the US into WW1 despite promising the electorate he wouldn’t involve America in Europe’s wars. A stunt FDR also used. Wilson’s famous illness was either caused by guilt or he was poisoned by the oligarchs to keep him quiet.
By reading and researching history I have learned how long ago and subversively planned this financial coup occurred.
It would have been nice to have been taught the facts in history classes, but they subverted all of the historians and academic departments.
“The illusion of freedom will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes to expensive to maintain, they will just take down the scenery, they will pull back the curtains,they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.”
Frank Zappa
I’m definitely seeing the bricks.