"This act establishes the most gigantic trust on earth. When the president signs this bill, the ‘invisible government’ by monetary power will be legalized. The people may not know it yet, but the day of reckoning is only a few years removed…The worst legislative crime of the ages is perpetrated by this banking bill.” – Rep. Charles Lindbergh Sr. (R, MN), father of the famed aviator, just prior to the passage of the Glass Owen Act that established the Federal Reserve System. (The bill was literally snuck through the congress on Dec. 22, 1913. Many senators had already left for the holidays after being reassured by the leadership that nothing would be done on the bill until after they returned from their Christmas recess the following January. All evidently believed that the congressional session had been legally retired for their customary holiday break, but this certainly could be construed as a ruse. And so it transpired that on December 22, 1913, under the shepherding of President Wilson and certain congressmen of both sides of the political spectrum, and with at least 27 Senators absent on holiday recess, the Federal Reserve Act passed. The bill provided for a privately owned central bank, disguised as the Federal Reserve System, to not only issue this nation’s currency but to charge interest against that currency. Today we owe our current national debt to the bank corporations that privately own the Federal Reserve Bank, with the exception, that is, of the debt paper the Fed regularly sells to other nations like China. The Fed accepts dollar reserves from foreign customers and sells them US government bonds in return. This is how the Federal Government borrows from foreign lenders. Some even suggest this is why we are loosing control of our country.)"
Posted on: Sat, 05 Oct 2013 07:10:31 +0000
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