The History of The Federal Reserve Flashcards (Century of Enslavement)

We carefully created this flashcard set (92 terms) to obtain a speaking level of knowledge of the truth about the history of the Federal Reserve:):):) Includes essential information from The Century of Enslavement: The History of The Federal Reserve Documentary.

"money isn't real, it's just numbers on a screen" — Andrew Tate

“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.” — John Kenneth Galbraith

“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

“They who control the credit of a nation, direct the policy of Governments and hold in the hollow of their hands the destiny of the people.” — Reginald McKenna

As Vanderlip put it, "Discovery [of our plan], we knew, simply must not happen, or else all our time and effort would be wasted. If it were to be exposed publicly that our particular group had got together and written a banking bill, that bill would have no chance whatever of passage by Congress."

In his veto message, Jackson writes in no uncertain terms about his opposition to the bank:

"Whatever interest or influence, whether public or private, has given birth to this act, it can not be found either in the wishes or necessities of the executive department, by which present action is deemed premature, and the powers conferred upon its agent not only unnecessary, but dangerous to the Government and country. It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes.[…]If we can not at once, in justice to interests vested under improvident legislation, make our Government what it ought to be, we can at least take a stand against all new grants of monopolies and exclusive privileges, against any prostitution of our Government to the advancement of the few at the expense of the many, and in favor of compromise and gradual reform in our code of laws and system of political economy."

The regional banks are themselves private corporations, as noted in a 1928 Supreme Court ruling: "Instrumentalities like the national banks or the federal reserve banks, in which there are private interests, are not departments of the government. They are private corporations in which the government has an interest."