Fed Up With the Fed

“The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson.” — FDR letter to Colonel Edward House, Nov. 21, 1933

The federal reserve system was created by bankers for bankers. The Federal Reserve Act, then known as the Currency Bill, was signed into law after passing the House and Senate in late December 1913. The name, the Fed, is a carefully constructed lie, designed to make the bank appear to be a government entity, but it is not. It is a private bank owned by private shareholders for their private profit with a charter that allows them to print the public’s money out of thin air. The Fed is a privately controlled central bank lending money to the government at interest, money that it prints out of nothing.