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From the First Chapter: Since 1913 politicians and media have treated the Federal Reserve Bank as a kind of untouchable off limits semi-God... no one except 'certified crackpots and kooks' criticizes the Fed. Conventional wisdom dictates that anyone who attacks the Federal Reserve System is doomed and Congressional investigation of the Fed would result in economic chaos and a disastrous plunge of the stock market.
There is a vast misconception about the Fed. The President and the Congress have very little, if any, influence on policy. The Congress handed over all monetary powers to the Fed in 1913. The Fed is a private bank, owned by banks, and pays dividends on its shares owned only by banks. The Fed is a private Bankers' Bank.
The Congress has never investigated the Fed and is highly unlikely to do so. No one sees Fed accounts; they are not audited. No balance sheets are issued. No one, but no one, ever criticizes the Fed and survives.
Why all the secrecy and caution? Simply because the Fed has a 'legal' monopoly of money granted by Congress in 1913 proceedings that were unconstitutional and fraudulent. Most of Congress has no idea of the contents of the Federal Reserve Bill signed by President Woodrow Wilson who was in debt to Wall Street.
The Federal Reserve has the power to create money. This money is fiction, created out of nothing. This can be money in the form of created credit through the discount window at which other banks borrow at the discount rate of interest or it can be notes printed by the Treasury and sold to the Fed and paid for by Fed-created funds.
In brief, this private group of bankers has a money machine monopoly. This monopoly is uncontrolled by anyone and is guaranteed profit. Further, the monopoly doesn't have to answer questions or produce books or file annual statements.
It is an unrestrictive money monopoly.
This book details the hour by hour events that led up to the passage of the Federal Reserve Act of 1913 - and the many decades of work and secret planning that private bankers had invested to obtain their money monopoly.
Table of Contents
1. The Banks' Bank 2. Thomas Jefferson and the Money Power 3. Andrew Jackson: The Last Anti-Elitist President 4. Roosevelt's Socialist Manifesto 5. Karl Marx and his Manifesto 6. Abraham Lincoln: Last President to Fight the Money Power 7. The Money Trust Creates the Fed 8. The Jekyl Island Conspiracy 9. The Money Trust Cons Congress 10. The Federal Reserve Today
115 pages, 5.5 x 8.5, Paperback
Price - $11.00
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