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The greatest scam in history... The creation of the Federal Reserve: https://t.co/24PsEZb38C
Video Transcript AI Summary
In November 1910, seven bankers met secretly on Jekyll Island to plan America's central bank, which they decided to call the Federal Reserve. Their goal was to control the money supply, create economic booms and busts, and profit from both by creating money from nothing and loaning it to the government at interest.
This system would devalue existing dollars, acting as a hidden tax. Removing the gold standard would enable governments to print money for endless, profitable wars. The bankers planned to control the Federal Reserve by influencing presidential appointments and controlling the 12 regional banks through New York banks.
They aimed to pass the legislation on December 23, 1913, when most of Congress was home for Christmas. One banker would publicly oppose the bill to create the illusion of Wall Street opposition. They would also fund university chairs and textbooks to promote their system as economic science, leading to generational debt for Americans.
Full Transcript
Speaker 0: Jekyll Island, November 1910. Seven bankers meeting in secret to create America's central bank. We just can't call it that. The nineteen o seven panic nearly destroyed us. Banks failed.
Fortunes vanished. We wanna control America's money supply, create booms, trigger busts, and profit from both. And how will we do that? We'll create money from nothing, loan it to the government, and charge interest. Legal counterfeiting, my friends.
But there's a cost. Every dollar we print steals value from existing dollars. It's a hidden tax that flows directly to us. And it gets worse. If we ever get off the gold standard, governments can print money for wars.
Endless wars become possible and profitable. Since Americans hate central banks, we'll call it the Federal Reserve. Sounds governmental, doesn't it? It's not. The president will appoint board members, but we'll pick who he appoints.
We'll have 12 regional banks. Looks decentralized, democratic even, but New York banks control them all. That's us. You're probably wondering how we're gonna get this through congress. 12/23/1913, most of congress home for Christmas.
Perfect timing for passing unpopular legislation. I'll publicly oppose our own bill in congress. They'll pass it thinking they beat Wall Street. We'll fund university chairs, write the textbooks, they'll teach our system as economic science. Beautiful.
Every American born after this will inherit debt on money we created from nothing. Generational servitude. The Federal Reserve. Not federal, no reserves. But everyone will think it's their government protecting them.
Good afternoon.