“The Central Bank is an institution of the most deadly hostility existing against the principles that form of our Constitution. I am an enemy to all banks discounting bills or notes for anything but coin. If the American people allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.”Thomas Jefferson
One of the primary reasons we stand at the precipice of a collapse is the criminal activity conducted by members and political supporters of the Federal Reserve System.
Jefferson wrote at length concerning his disdain for a United States central banking system. Andrew Jackson warned the American people about the evils of a central banking cartel controlling the U.S. economy, a sentiment echoed by John F. Kennedy just months before his assassination.
Throughout American history, prominent public figures have risked their careers and personal safety to warn Americans about the nefarious influence of a central banking system. Unfortunately, Woodrow Wilson did not heed the prescient warnings.
Wilson later openly regretted signing the Federal Reserve Act of 1913, saying: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated.
The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” In his comprehensive and timeless book, The Creature from Jekyll Island, author G. Edward Griffin exposes the criminal cabal called the Federal Reserve System.
According to Griffin, the shadowy figures behind the biggest fraud in history had five goals:
- Stop the growing influence of small, rival banks, thus ensuring the establishment of a banking monopoly.
- Flood the market with phony fiat currency in order to reverse the trend of private capital formation
- Pool the reserves of the nation’s banks into one large reserve
- Shift risk exposure losses from bank owners to the taxpayers
- Convince congress the establishment of a central bank is a measure to protect the public from bank runs and poor lending practices