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editorial vault |
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The Secret Meeting on Jekyll Island |
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Uploaded on Wednesday 30 July, 2014 to the money trust |
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How the Federal Reserve System was conceived |
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The Federal Reserve System was conceived behind closed doors in a clandestine meeting where seven men, all representatives of the money trust, congregated to Jekyll Island in 1910, and covertly drafted a banking bill which became the Federal Reserve Act of 1913. The U.S. Congress was left completely unaware of the shenanigans that awaited them.
After the Panic of 1907 struck, the money trust seized the momentum under the leadership of Senator Nelson Aldrich to restore a central bank for America. Aldrich went so far as to set up a commission sanctioned by Congress, which he chaired, to study the causes of the economic downturns of 1907 and 1908. Little did honourable members know that Aldrich would use the commission as a platform, not to reform banking to the benefit of the country and the people as a whole, but, to push through spurious suggestions in the interest of a newly formed banking cartel spanning transatlantic ties between the American and European continents. |
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