The past and present of the Fed 👇

Fed, not federal, nor reserves
but has controlled America's purse strings for over a hundred years.

Seven people, November 1910,
Mysterious Island Landing, Jekyll Island.
They are not politicians, they are bankers.
The goal is only one: to create the central bank of the United States.

But the term "central bank" is too frightening, and Americans hate it.
So they changed their name:
"The Federal Reserve" sounds like a government agency, but it actually isn't.

Why create this institution?
Because in 1907, three years ago, the United States almost collapsed.
The banks have collapsed, the stock market has crashed,
Everyone is asking: Who will take control of the situation?
They are coming with a plan:
Printing money for oneself, lending it to the government, and collecting interest.

Sounds like counterfeit money? But it's legal.
Every dollar we create takes a little value away from the existing dollars.
This is the invisible tax, flowing directly into the bankers' pockets without going through a vote.

And this is not the worst.
Once decoupled from gold, the government can print as much as it wants.
Fight a war, no need to raise taxes, just increase the printing of money.
As a result, war became cheap, and wars began to flow endlessly.
Cost? The public pays for inflation. Profit? The bankers take it.

You might be wondering how such a thing could pass through Congress?
On December 23, 1913, Christmas Eve, most of the lawmakers had gone home early to celebrate.
A few left, hurriedly voting, passed in one go.

Even those who designed this system,
deliberately opposed his own bill in Congress.
Create the illusion that "banks are restricted by democratically elected institutions."
American lawmakers applauded, thinking they had won against Wall Street.

Next, they fund university professors to write textbooks and develop courses.
Let students believe from an early age that the Fed is "modern economics."
Invisibly, it burdens every newborn with debt from the moment of birth.

They created credit out of thin air and turned this bubble into the money you use every day.
It all started on Jekyll Island, with a closed-door meeting of seven men.

美其名曰“Fed”，
No federation, no reserves,
But it firmly controls the wallet of every American.