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Before 1913, Americans could veto government spending by not buying bonds. The Federal Reserve Act in 1913 allowed the government to borrow from the Federal Reserve Bank without needing public approval. This created an unlimited credit line, bypassing the people's economic veto power. Now, the government can borrow without collateral, unlike individuals who need collateral to borrow money from a bank.

The transcript presents a sweeping critique of the modern monetary system, arguing that money is created not by governments but by private banks through debt, with consequences that affect the entire world. The speakers outline a long historical arc in which banking interests, central banks, and debt-based money have steadily gained power, eroded public sovereignty, and produced recurring crises, while the general population bears the costs. Key claims and points - The root problem: The money supply is created by the community of money users through borrowing from commercial banks. The bulk of money creation originates with banks, which decide when and how much money to produce, leading to an out-of-control system. Governments borrow money from banks, which effectively enslaves the broader economy. - Concept of the debt-money system: The money system is described as a global Ponzi scheme, in which new money comes into existence as debt with interest. Because interest must be paid, the system requires ever more debt to be sustained, and people and nations are drawn into a cycle that benefits banks at the expense of the public. - Historical pattern of private control: The narrative traces a long history in which private banking families (notably the Rothschilds, Rockefellers, and Morgans) and allied financiers manipulated governments to borrow and to reward speculative advantage. It alleges that private central banks and debt-based money systems sought to consolidate power in private hands, sometimes by fomenting or exploiting crises. - Tally sticks and early monetary control: In medieval England, tally sticks were used as money and as a way to keep money power out of bankers’ hands. Their suppression by bankers in 1834 is described as a revenge of a debt-free money system that had empowered the public for centuries. - Goldsmiths, fractional reserve lending, and counterfeiting: The text explains fractional reserve lending as a historic means by which goldsmiths expanded the money supply beyond real reserves, enabling them to profit from interest and to influence economies; this practice is labeled a form of counterfeiting and a source of systemic instability. - The rise of central banking and central control: The transformation from debt-free or government-issuing money to privately controlled central banks is traced from the Bank of England (1694) to the U.S. National Banking Act (1863) and the creation of the Federal Reserve System (1913). The Aldrich Plan, the Jekyll Island meeting (1910–1912), and the public relations campaign to popularize a central banking system are described as pivotal steps toward centralized control over the money supply. - Lincoln’s greenbacks and the political fight over money: The narrative emphasizes Abraham Lincoln’s issuance of greenbacks during the Civil War as debt-free money created by the government. It claims bankers reacted defensively (Hazard Circular) and moved to undermine greenbacks through bonds and later the National Banking Act, which made private banks central to the money supply. Lincoln’s assassination is linked to the broader battle over monetary policy. - Civil War, the rise of debt, and depressions: The text links episodes such as the Panic of 1837, the Coinage Act of 1873, and the Panic of 1893 to deliberate contractions or manipulations of money supply by banking interests. It argues these episodes were engineered to force or normalize debt-based monetary arrangements and central banking. - The 20th century and the Federal Reserve: The Great Depression is attributed to deliberate contraction of the money supply by the Federal Reserve. The text argues that the Fed, a privately owned central bank, has operated to protect the banking sector at the public’s expense, with the 2008 financial crisis cited as confirmation of this dynamic. - Political economy and influence: The narrative contends that politics and academia have been co-opted by moneyed interests. It asserts that large campaign contributions from banks shape policy, and that many economists are funded or controlled by the Reserve and major banks, limiting critical debate about monetary reform. It also claims media and public discourse are constrained by debt relationships and corporate power. - Proposed reforms and principles: Across speakers, a consensus emerges around three core reforms: - Forbid government borrowing as a mechanism for money creation; return to debt-free, government-created money that serves the public interest. - Put money creation under public control, not private banks, with national or local sovereign authority issuing debt-free currency. - End fractional reserve lending and ensure robust competition among banks so that money is created in the public interest and channeled into productive real-economy lending rather than financial speculation. - Practical implementation ideas offered by some speakers: - Government to issue debt-free sovereign currency directly; private banks would compete to lend government-approved money to the public. - Eliminate consolidated currencies (e.g., the euro) in favor of national sovereignty over money creation. - Use monetary policy to match money supply with real productive activity, controlling inflation by adjusting the money supply through public channels rather than debt-based credit expansion. - Repeal or reform existing central banking structures to reestablish a Bank of the United States owned by the people rather than by private banks. - Promote transparency, reduce the influence of special interests in academia and media, and educate the public about money creation. - Enduring critique and warning: If the status quo persists, the system is said to threaten Western civilization and global freedom, with potential for continued debt-serfdom and systemic collapse if debt-based money and private central banks remain in control. - Concluding perspective: The speakers urge decisive reform, emphasizing that the truth about money creation is accessible to the public and that collective political will can restore monetary systems to serve the people. They conclude with a call to remember Margaret Mead’s idea that a small group can change the world, and exhort listeners to pursue debt-free monetary reform as a path to greater production, independence, and freedom.

Our financial systems are antiquated. We're unable to track trillions of dollars in transactions. Information sharing is severely limited by outdated and incompatible technological systems.

- Speaker 0: Since Israel began strikes on Gaza after Hamas’ surprise attack on October 7, it has targeted residential buildings. The UN says nearly 200,000 structures have been destroyed or damaged. With so many fleeing attacks, Palestinians packed into makeshift shelters, many of them UN run schools, but they were not safe. More than 1,000 schools have been bombed, and Israel has destroyed most of Gaza's hospitals, including Al Shifa, where more than 400 Palestinians were killed in a raid in March 2024. - Speaker 1: We make the best weapons in the world, and we’ve got a lot of them. And we’ve given a lot to Israel, frankly. And I mean, Bibi would call me so many times, can you get me this weapon, that weapon, that weapon. Some of them I never heard of, baby, and I made them. But we’d get them here, wouldn’t we? And they are the best. They are the best. And you but you used them well. It also takes people that know how to use them, and you obviously used them very well. But so many that Israel became strong and powerful, which ultimately led to peace. That’s what led to peace. So as we celebrate today, let us remember how this nightmare of depravity and death all began. - Speaker 2: In 1948, when the land of Palestine was officially stolen and given to a group of rabid Zionists who murdered over 10,000 Palestinians. This crime against humanity was decided as early as 1917 with the Balfour Declaration, the British Crown, and Lord Rothschild of the Rothschild banking dynasty, otherwise known as the Bank of England, who when it’s all said and done, will have control over hundreds of billions of dollars worth of Palestinian oil and gas reserves. As Michael Roverero famously said, all wars are bankers’ wars. According to Benjamin Franklin, the primary catalyst for the American Revolution was the Bank of England’s Currency Act. After the revolution, a value based economy with no interest being paid to any central bank was created. But it didn’t last long. The first bank of the United States was chartered in 1791 and favored foreign stockholders over Americans. The charter ended in January 1811 followed by the war of eighteen twelve and the establishment of the second bank of the United States in 1816, which gave more power to the Bank of England. Andrew Jackson successfully killed the bank’s renewal and shortly after became the first US president targeted for assassination when Richard Lawrence drew pistols on him outside The US capital, but misfired. Laws were passed in the early eighteen sixties for the US government to issue its own currency in a value based economy as opposed to the debt based system imposed by central banks. According to an 1864 edition of the London Times, this would have made America the wealthiest nation of the world. The article warned that if a government creates its own money, it will be without debt. It will become prosperous without precedent in the history of the world and therefore must be destroyed. In 1865, president Lincoln was assassinated, and the economy was quickly phased back to the central bank’s debt enslavement model. In 1913, the tyrannical Federal Reserve Bank and federal income tax was born. The two world wars brought Germany under the heel of the central banking cartel. Western banking institutions financed the Bolshevik revolution. In 2000, Iraq stopped selling its oil and Federal Reserve notes. In 2003, Iraq was illegally invaded by The United States and dollar based oil sales were reinstated. In Libya, Muammar Gaddafi’s gold dinar currency was making the nation rich. In 2011, The US invaded and reverted Libya’s oil sales to dollars. The Bank for International Settlements recently proposed efforts under the guise of anti money laundering that would provide scores to tokens and digital wallets including stablecoins. Digital ID, social credit scores, and a carbon tax is what the bankers are up to now. And everything else is a distraction. Today’s war is mostly psychological, and it’s being waged upon you. Greg Reese reporting. The Reiss report is now fully funded by my Substack subscribers. Subscribe today and support my work at gregreiss.substack.com.

During World War I, the US and Germany had war economies overseen by their central banks. The German central bank, the Reichsbank, was headed by Max Warburg. The key person and a founder of the Federal Reserve in the US was Paul Warburg. Max and Paul Warburg were brothers. Therefore, the heads of the German and American central banks were brothers during a war between the US and Germany.

Many Americans are unaware that the technical backbone of the financial system is decades out of date. Payments and money transfers are costly and can take days or even weeks to clear. The bill would make the entire “ancient system” eligible for a 21st-century upgrade using state-of-the-art crypto technology.

During World War I, the US and Germany had war economies, with central banks at the top. The head of the German central bank, the Reichsbank, was Max Warburg. The key person and a founder of the Federal Reserve in the US was Paul Warburg. Max and Paul Warburg were brothers. Therefore, the heads of the American and German central banks were brothers during a war between the US and Germany.

In 1913, the American people had direct veto power over federal spending by choosing whether or not to buy government bonds. This system kept government small until the Federal Reserve Act of 1913 created an unlimited credit line for the government to borrow from the Federal Reserve Bank, bypassing the people's economic veto power. This allowed the government to borrow without needing permission from the people, changing the system significantly.

The year was 1871, and while the events of this year have been purposefully hidden from the masses, 1871 must never be forgotten. Much like Vatican City and the City Of London, Washington, D. C. Has its own sovereignty. Basically, D.C., City Of London, and Vatican City are totally separate territories from the nations in which they reside. Vatican City is technically enclaved within Rome, outfitted with its own special police force and political structure, the same way the City Of London is situated within the city called London, and it has its own flag, crest, police force, ceremonial armed forces, and a mayor. And sure, there are states within The United States that have their own constitution and distinctive flags, but I think most people you'd ask would know that Washington, D. C. Isn't a state. Most folks would tell you that Washington, D. C. Is where our laws are made, where our politicians congregate, and where our White House resides. But on the D. C. Flag, which is said to have been reflective of George Washington's coat of arms, there are three stars. And I wonder, are those stars representative of the three city states that exist as corporate entities outside of their respective nations? Vatican City, the religious hub, the city of London, the banking central, and Washington, D. C, the military leg of the empire. Being its own city state, DC has its own police force that shares a direct link with Congress, its own mayor, and its own set of laws. But our founding father certainly didn't set it up like this. So how did it come to be? The year was 1871. The US was going through a lot of turmoil. The nation was bankrupt and vulnerable after the civil war, and the London bankers, which included the notorious Rothschild family, were ready to make a deal with congress to remedy that turmoil. Turmoil, I might add, that is suspected that the bankers had a hand in creating in the first place. At any rate, these bankers made a lot of credit available in the aftermath of the civil war as a means to, one, fight Lincoln's greenback after he was murdered, with some theorizing that part of the motivation for his assassination came from his push to privatize the monetary system. The second reason that the bankers made so much credit available was to collect on the interest from those who desperately needed the money, which would be the United States government at the time. Now, this was nothing new, this was practice as old as time. Well, as old as Mystery Babylon. Not much has really changed since the days of Babylon, not the usury, not the debt slavery, not even the iconography. Passed by Congress, the Act of 1871 provided a government for the 10 mile parcel of land known as the District Of Columbia, allowing Washington, D. C. To act as a corporation outside of the original Constitution of The United States. So, okay, why does the Washington, D. C. Constitution have nothing to do with The United States constitution? Why exactly is Washington, D. C. Totally separate from the rest of The United States? Why does it need to be separate from The United States, as a separate territory at the epicenter of the Virgin Mary, tucked right between Virginia and Maryland? The Act of 1871 changed our country's founding fathers' original constitution for The United States for America to the constitution of The United States Of America. If you blink, you might miss it because it's a mixture of impactful wording and some weird capitalization thrown in there that pretty means nothing to the average person upon initial inspection. But these subtle changes are a huge deal in the realm of legislation. Compounded with these minor changes was clever marketing of the act as a way to unify the territorial government for the entire District of Columbia. The aforementioned are contributing factors as to how such a major act flew under the radar, ultimately overturning the United States Constitutional Republic. Since 1871, the federal government has usurped nearly all of the power that was formerly held in the hands of the people. But how on earth was Congress able to pass a separate constitution and incorporate The United States? A bunch of attorneys have contacted me about this subject, explaining it to me, thank you for everyone who's done that, but let me break it down to you in a way that won't make you just totally fall asleep. A corporation, by definition, is a legal entity from its owners. A corporation protects its owners from personal liability for corporate debts and obligations within limits. So was the Act of 1871 as harmless as some claim just an act to provide a government for the District Of Columbia and nothing more? We can answer that question by simply stepping back and taking a look at the dominoes that fell after this act was passed, and asking the question: Who benefited from this piece of legislation? Is the Act of 1871 the reason why Congress passed the sixteenth amendment, which allowed the federal government to tax individual personal income regardless of state population? Is the Act of 1871 the reason why the Federal Reserve Act of 1913 was passed, handing over America's gold and silver reserves and ultimately the total control of America's economy to the Federal Reserve Bank. Think about it. A private corporation established their private bank, acting as the central bank of The United States, But it isn't even a government institution, but a privately owned banking system. Is it a coincidence that social security numbers started being assigned in 1935, social security numbers being the nine digit numbers given to every U. S. Citizen, and used for income tracking and taxation purposes. Ultimately, individual income taxes have been the primary source of revenue for the U. S. Federal government since the 1950s. These moves make a lot of sense when examined through the lens of The United States as a corporation and its citizens as employees, a corporate government asset before they even go through puberty. But still, throughout all this time, there was a promise that the American dollar was actually worth something. Something tangible, not just the confidence to exchange it for goods and services. A dollar was worth one thirty fifth an ounce of gold. But then President Richard Nixon came along and screwed that up for us. Severing the final link between the dollar and gold in 1971. In other words, he took the dollar off the gold standard once and for all. Steadily, the purchasing power of the dollar has declined while federal and consumer debt has increased. Currently, we're witnessing the culmination of all of these decisions, and it ain't pretty. We're one bad flu season removed from Weimar Republic wheelbarrow money. So who would you say benefited from the Act of 1871? The average US citizen, or the bankers who incorporated The United States, who have been buying politicians ever since? The same Federal Reserve who serves absolutely no real function except stealing the purchasing power of your sixty plus hour work week and then redistributing those funds to destroy your rights and enslave you on your own soil. Hey, just like they did back in Babylon. It's the same folks using the same debt slavery system, time after time. When will we learn that debt with interest is a system of perpetual debt, and is continually passed on to the people beneath, until until the debt gap consumes all but those who own the debt? Well, like I said in the beginning of this video, the most pivotal year in United States history was never taught to me in schoolpublic or privateand never taught to me at a college level. But as Americans, it's so important that we not let this information die with our generation. One of the most important lessons you can teach your children is how to obtain their own freedomhow to identify when their freedoms are being taken from them, and how to demand those personal freedoms and liberties back, instead of waiting around for a hero in the form of a politician to represent them, to offer solutions. During this time, we've seen people of all ages crying out for change. And instead of focusing on the changes we could make that could fundamentally change The United States for the better, especially on an individual level, politicians are selling socialism and communism, aka more government control, to young people looking for an answer. And they beg for it because the future seems so bleak. Whether you play with paper or with digital money, the future will always be bleak if you're a debt slave. If before your foot even touches this earth, you're scanned into the system as an employee of this corporation who does not care about you one bit. The United States is still a great country, but it has its problems, and you know you can riot and loot and protest protest all all you you want. Want, But until the Federal Reserve is ended, until the Act of 1871 is torn into a thousand pieces and thrown into the wind, until the IRS is abolished, and until we move back to the gold standard, we have no chance at experiencing any iota of freedom.

During Abraham Lincoln's presidency, European monarchy agents instigated a rift between the North and South, creating a banker's war. Lincoln, denied reasonable loans from European banks, issued interest-free, debt-free money called greenbacks, based on the American people's credit, not silver or gold. The London Times warned that if this policy persisted, the U.S. would become prosperous, attracting global wealth and threatening monarchies. Bankers understood that sovereign governments printing debt-free money would break their power. A decade after the Civil War, greenbacks were worth as much as gold. The speaker claims Trump moved the Federal Reserve back under Treasury authority. The speaker also claims the Queen of England defers to the Mayor of London annually because the bankers control world governments through money from the City of London. These bankers, representing royal bloodlines, rule by right of blood.

In 1910, private bankers like the Rockefellers, Rothschilds, and Morgans met secretly on Jekyll Island to draft legislation for the creation of the Federal Reserve. Interestingly, the same year saw the establishment of the Internal Revenue Service (IRS), which is disguised as a government-owned income system in the US. Surprisingly, if you search for the Federal Reserve in the Washington DC telephone book, you won't find it listed under the government pages but rather in the white pages alongside Federal Express. This reveals that the Federal Reserve is actually a privately owned central bank. Central banks are involved in banking operations.

The banking system in the United States relies solely on public confidence, which is based on the soundness of the product, not marketing. Confidence is crucial because the banking system does not actually have the money it appears to.

Our financial systems are outdated, making it difficult to track trillions of dollars in transactions. Additionally, the lack of compatibility between different technological systems prevents us from sharing information within this building.

In 1913, the Federal Reserve Act gave the US government an unlimited credit line from the Federal Reserve Bank, bypassing the people's veto power. Before this, the government had to get approval from the people by selling bonds. This system kept the government small until 1913 when they could borrow without asking the people, leading to excessive spending.

Andrew Jackson is one of the most important figures in American history, and all schools teach is he was bad because the Trail of Tears. They don't teach that he was the only president in US history to pay off the national debt, reducing America's debt by 99%. It was known as the bank wars. It goes back to the War of 1812, which was ended by then General Andrew Jackson with his victory at the Battle of New Orleans. But the war left America in debt. So in 1816, the federal government gave a charter to the Second Bank of the United States. But just like the Federal Reserve, the bank was privately owned by investors in the Netherlands and England. And when Jackson became president, he vowed to take on the corrupt banking aristocracy, which he did in 1832 when he canceled the charter of the Second Bank of the United States, which means he ended the Fed before the Fed was a thing. Real battle has always been against the banks, has always been against interest on debt, but they don't want you to know that. It's why I wrote a book on the history of the banking system and teach courses on how the system really functions. Oh, and if you're wondering why Andrew Jackson is on the $20 bill, it's because they're mocking him, and they're mocking us.

In the decades before the Civil War, the country's banking system was a jumble of local banks, local currency, and conflicting regulations. If you traveled from state to state, you would need to convert your cash to local money. All this confusion helped make Americans feel like they weren't part of a truly unified nation.

A central bank is an institution that issues and regulates a nation's currency. It controls interest rates and the money supply. The central bank loans money to the government with interest. This system creates debt because every dollar produced is actually the dollar plus a certain percentage of debt. The banking system has a monopoly on currency production and continually increases the money supply to cover the outstanding debt. This perpetuates more debt and creates a cycle of slavery. In the early 20th century, powerful banking families like the Rockefellers and Rothschilds pushed for the creation of another central bank. They used an incident orchestrated by JP Morgan to sway public opinion.

In 1910, influential figures like the Rockefellers, Rothschilds, and Morgans met secretly on Jekyll Island to draft legislation for the creation of the Federal Reserve. Interestingly, the same year saw the establishment of the Internal Revenue Service and the introduction of income tax, which burdened ordinary citizens with the government's debt. Surprisingly, if you search for the Federal Reserve in the Washington DC telephone book, you won't find it in the government pages but rather in the white pages alongside Federal Express. This reveals that the Federal Reserve is a privately owned central bank. Central banks are involved in banking operations.

The Morgan family faced issues with the SEC due to concerns that J.P. Morgan held excessive power. He bailed out America in 1895 and 1907, leading the government to believe that one individual shouldn't wield such influence. Consequently, the Federal Reserve was created, modeled after Europe's Central Bank. However, JPMorgan was not, and still is not, part of the Federal Reserve. The Federal Reserve consists of twelve reserve banks from the United States with elected and selected officials.

Our financial systems are outdated, hindering our progress. It is estimated that $2.3 trillion in transactions cannot be tracked. Additionally, we face challenges in sharing information within this building due to incompatible and inaccessible technological systems.

Before 1913, Americans had direct control over federal spending because the government needed to sell bonds to borrow money. If citizens disagreed with a project, they simply didn't buy the bonds, keeping government size in check. This changed with the Federal Reserve Act of 1913, which provided the government with an unlimited credit line from the Federal Reserve, bypassing the public's veto power. Now, the government could borrow directly without seeking permission from the people. In traditional lending, collateral is required for loans, but this new system allowed the government to operate without the same constraints.

The financial landscape of World War I is described as a covert, coordinated operation rather than a simple reaction to conflict, sustained through the integration of modern debt and central banking. The account ties this system to the framework established with the 1913 creation of the Federal Reserve, describing how specific actors financed the war’s expansion while operating from within the highest levels of government. Paul Warburg and Max Warburg are presented as central figures. They are described as biological brothers from a Jewish family with deep roots in the Hamburg banking dynasty, positioned as lead bankers on either side of the war to manage the “secret state-level machinery” required to sustain total conflict. The narrative claims that in the United States, Paul Warburg covertly implemented the Liberty Bond System to shift global financial control to New York. In Germany, Max Warburg is said to have used the family’s international banking network to bypass blockades and clandestinely acquire essential war materiel. The described influence is extended to figures including Bernard Baruch and Walter Rottnau. They are characterized as exercising near-dictatorial power over industrial production to ensure the military machine remained profitable. These actors are said to have relied on the foundational framework of Halakha and Zidakha to facilitate a nascent military-industrial complex, enabling the secret funneling of capital. As the GDP of host nations collapsed under hyperinflation, the account claims that communal or internal Jewish financial structures were used to drain value out of failing state currencies and into internally managed assets. The mechanism is presented as converting national wealth into private communal funds “kaput,” while the networks allegedly retained their value and power despite surrounding national economies being systematically dismantled. The narrative further asserts that adherence to Halakha and these financial dealings maintained a private, autonomous credit network that operated even as formal state banking systems were engineered to fail. This internal accumulation is described as ensuring that when the Triple Alliance and the Ottoman Empire were destroyed, these specific financial structures remained solvent and capable of dictating post-war reorganization. The conclusion presented is that the geopolitical destruction of the Orient and the dismantling of the Triple Alliance were achieved through this coordinated, clandestine financing, securing a strategic foothold in former Ottoman territories like Palestine.

Central banks caused wealth inequality and economic instability. The Federal Reserve Act was deceptively passed in 1913 by wealthy bankers who disguised their intentions. They used misinformation to deceive the public and Congress, ultimately gaining a monopoly over American money issuance.

Our financial systems are outdated, hindering our progress. It is estimated that we are unable to trace $2.3 trillion in transactions. Additionally, the lack of compatibility between various technological systems prevents us from sharing information within this building.