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How the New Powers For the Fed Affect us Today Knowing the Elite Bankers Want All Future Generations Enslaved to Debt in the New World Order.  

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The creation of the Federal Reserve System in 1913 brought the Fed into existence.

The powers given to them they now still possess and maliciously hold on to.

Many historians agree that one of the culminating reasons for the Revolutionary War in America was the central bank, a different version of the Fed.

Specifically, the English attempted to place the colonies under the monetary control of the Bank of England.

Not all of America’s Founding Fathers were against central banking and the new powers for the Fed that it created.

Alexander Hamilton, America’s “Founding Lawyer”, believed that a central bank was the answer to the new nation’s financial woes after the Revolution.

The First Bank of the United States was created under his plan in 1791 and chartered by Congress to stabilize the economy and eliminate the war debt.

Bitterly opposed by other founders such as Thomas Jefferson and James Madison, the bank could only be created if Hamilton agreed to an automatic dissolution of the bank at the end of its charter.

Compared to today’s central banks and our own Federal Reserve System, the First Bank of the United States was very liberal.

That bank’s shares in the total national money supply accounted for only 20% while private, unaffiliated banks accounted for the rest.

After the dissolution of the First Bank and the similar Second Bank, a time known as the Free Banking Era ensued where no centralized bank existed.

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What Banks Always Do

During this time, the average life span of most banks was about five years, as banks quickly succumbed to the temptation to overextend themselves, despite the value of gold and silver (upon which most notes were based) being stable.

During this same time frame, in order to offer stability, local banks took over what today’s FDIC does: acting as deposit insurers and trading notes from various banks as a clearinghouse.

As a measure to provide loans and keep the Union going during the Civil War, the National Banking Act was passed in 1863.

This created a uniform, national currency and National Bank notes were backed up by Treasury securities (the promise of the United States Treasury) to give their money more confidence.

The government, flush with new powers, then instituted a new tax on state (non-national) banks at 10%, forcing most of these banks to convert to the National Bank standard.

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State Banks Fight Back

To combat this, savings and loan accounts were converted to “checking” accounts which were not covered under the taxation bill.

By the 1890s about 90% of the nations’ money supply (kept in banks) was in these checking accounts and state banking had made a comeback.

Several seasonal depressions and recessions happened during and after this time, as local banks would find themselves flush with money in the fall (when local farmers sold crops and paid off loans) and having to borrow money in the spring (planting season, when loans were taken out to purchase seed and equipment).

Sometimes, when loans were extremely heavy, runs would be made on the bank as those with funds worried that the bank would go under.

With a bit of prompting by the JP Morgan family who stood to profit immensly, these culminated in the Panic of 1907 and the eventual creation of the Federal Reserve System in 1913.

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The Fed is Born

New powers for the Fed were snaked and created. A central bank like no other, the Fed was sold to the public as a regional bank that was centralized in power but removed from politics.

What was actually created was an entirely private bank that now had complete control over the U.S. dollar.

President Woodrow Wilson assured the rural people that the decentralization of the bank into regions would shield them from the whims of Wall Street and that because the debt the banks created was the obligation of the government, it would be watched closely and scrutinized by that government.

But the people were hoodwinked and underestimated the new powers for the Fed.

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The Fed Grows in Power

Neither of these promises came to pass, as we now know.

The Fed continued to grow and, during both World Wars, the nation saw an increase in new powers for this group.

The Fed is also blamed for the stock market bubble of 1929 after speculating with money distribution schemes.

The final straw in power assumption by the Fed was had in 1951, when the Federal Reserve and the Treasury Department signed an accord that allowed the Fed full independence over monetary matters. 

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