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Speaker 0 describes Lord Evelyn Rothschild as extraordinarily rich and powerful, claiming that historically the Rothschild wealth was hidden in underground vaults and that their secret financial records were never audited or accounted for. He asserts researchers estimate their wealth at close to $500,000,000,000,000, more than half the wealth of the entire world, noting possessions such as castles, palace mansions, wineries, race horses, and exotic resorts, and that the Rothschilds bought Reuters in the eighteen hundreds, which then bought the Associated Press. He claims they have controlling interest in three major television networks and can easily avoid media tangents since they own it. He says they owned and operated England’s Royal Mint, continue to be the gold agent for the Bank of England, which they also direct, and control the LBMA (London Bullion Market Association), where 30 to 42,000,000 ounces of gold worth over $11,000,000,000 are traded daily, earning millions weekly on transaction fees. He asserts they fix the world price of gold daily and profit from its ups and downs, and over centuries have amassed trillions in gold bullion in subterranean vaults, cornering the world’s gold supply. He claims they own controlling interest in Royal Dutch Shell and operate phony charities and offshore banking services where the wealth of the black nobility in The Vatican is hidden in secret accounts at Rothschild Swiss banks, trusts, and holding companies. He mentions Alba Lynn Rothschild as looking like a harmless gray-haired old man, but says to “make no mistake about it.” He concludes that Rothschilds and their ancestors have handpicked presidents, crashed stock markets, bankrupted nations, orchestrated wars, and sponsored mass murder and impoverishment of millions, and that the wealth hoarded by this one family alone could feed, clothe, and shelter every human being on earth. Speaker 1 reframes the Rothschilds as the head of the snake, locating their headquarters within a one-mile square in the City of London as the center of their banking dynasty that owns money supplied through central banks of almost every nation. He recalls a November 1910 secret meeting on Jekyll Island among seven of the world’s richest Jewish men to establish a central bank called the Federal Reserve Bank, naming Nelson Aldrich and Frank Vanderlip (representing the Rockefeller financial empire), Henry P. Davison, Charles Norton, and Benjamin Strong (representing JP Morgan), and Paul Warburg (representing the Rothschild dynasty of Europe). He mentions powerful men who opposed the Federal Reserve, including Benjamin Guggenheim, Isidore Strauss, and Jacob Astor, who reportedly died in the Titanic sinking. He states that by April 1912 opposition to the Federal Reserve was eliminated, and on 12/23/1913 the president signed a bill establishing the privately owned Federal Reserve System in the United States. He quotes Woodrow Wilson: “I’m a most unhappy man. I’ve unwittingly ruined my country,” and notes that a great industrial nation became controlled by its system of credit, with growth in the hands of a few men. He claims Jewish bankers and rabbis celebrated the Federal Reserve Act, and quotes Charles August Lindbergh criticizing the system as private, for profit, and not federal or reserves, with debt-based finance. He asserts that the Fed system enslaves to protect its monopoly over credit and that the Fed’s money-creating tricks enable big brother government to borrow endlessly; the Fed is controlled by Jews, Rothschild, Warburg, and Schiff, and that every Federal Reserve chairman since 1980 has been Jewish (Burns, Volker, Greenspan, Bernanke, and Yellen). He claims the “house of Rothschild” owns 57% of the stock of the privately held Federal Reserve Bank. Speaker 2 asks about the proper relationship between a Fed chairman and a U.S. president. Speaker 3 states that the Federal Reserve is an independent agency, meaning there is no other government agency overrule actions taken. Speaker 1 quotes Harold Grellis Rosenthal: “our power has been created through the manipulation of the national monetary system,” asserting that the Federal Reserve System is owned by “us” even though the name implies a government institution. He alleges a long-standing plan to confiscate gold and silver and replace them with worthless paper, claiming Jews promoted both sides of issues while the goyim fail to see who is behind the scenes, and accusing Jews of parasitically consuming production while producers receive less.

The Federal Reserve is not a government agency, but a banking cartel disguised as one. Congress gave it enforcement power, making it seem like a government entity. In reality, it's a group of banks that self-regulate by setting industry rules. These rules, passed as the Federal Reserve Act, give the appearance of government authority. If not followed, individuals can face imprisonment. In essence, the Federal Reserve is simply a banking cartel. Translation: The Federal Reserve is a banking cartel that appears to be a government agency but is actually a group of banks regulating themselves.

Did you know about the 12 USC 531 exemption? It's in the US code on house.gov. Effective October 1st, 2023, Federal Reserve Banks, their capital stock, surplus, and income are exempt from federal, state, and local taxes.

The Federal Reserve, built in 1913 by bankers, controls America's monetary system by printing money and charging interest to the US. It holds stolen gold bars, has ties to the Freemasons, and is heavily guarded. Despite being called the Federal Reserve, it has shareholders who own it, exerting power over people. The speaker questions the purpose of the building and mentions seeking gold from Iraq, Libya, Haiti, and Syria.

The transcript presents a series of conspiracy claims about the Rothschild family, the Federal Reserve, and Jewish influence over global finance. - The Rothschild family is described as extraordinarily wealthy, with wealth estimates claiming “close to $500,000,000,000,000,” and as having hidden underground vaults, secret financial records never audited, and a public image that disguises a fortune that supposedly rivals a large share of global wealth. It is claimed they bought Reuters in the 1800s, which then bought the Associated Press, and that they “own controlling interest” in three major television networks, allowing them to avoid media attention. They allegedly owned and operated England’s Royal Mint and act as the gold agent for the Bank of England, directing it, with control over the London Bullion Market Association (LBMA) where 30 to 42,000,000 ounces of gold are traded daily, generating millions weekly from transaction fees. They are said to fix the world price of gold daily, hoard trillions of dollars worth of gold bullion, and corner the world’s gold supply. They allegedly own controlling interest in Royal Dutch Shell and run phony charities and offshore banking services to hide wealth in Vatican-linked accounts at Rothschild Swiss banks, trusts, and holding companies. A figure named Elbelein Rothschild is described as not harmless, with ancestors alleged to have handpicked presidents, crashed stock markets, bankrupted nations, orchestrated wars, and sponsored mass murder and impoverishment. The wealth is claimed to be sufficient to feed, clothe, and shelter every person on earth. - The Rothschilds are described as the head of a “snake,” with a one-mile square area in London referred to as the city, cited as the headquarters of their banking dynasty, controlling money supplied through central banks of almost every nation. - A Jekyll Island meeting in November 1910 is claimed to involved seven of the world’s richest Jewish men establishing a central bank called the Federal Reserve Bank. Named participants include Nelson Aldrich, Frank Vanderlip, Henry Davison, Charles Norton, Benjamin Strong, Paul Warburg, and representatives of the Rothschild banking dynasty, with others like Benjamin Guggenheim, Isidore Strauss, and Jacob Astor purportedly opposing it. It is claimed these opposers died on the Titanic, and that opposition dissolved by April 1912. On December 23, 1913, the Federal Reserve Act was signed, creating a privately owned Federal Reserve System. A quoted remark attributed to Woodrow Wilson alleges, “I’m a most unhappy man. I’ve unwittingly ruined my country,” and a stereotype about government by a small number of dominant men rather than free opinion. - It is claimed the Federal Reserve System is private, not federal, has no reserves, is not decentralized, and that the adoption of a debt-based monetary system was accomplished. It is asserted that the current banking system (fractional reserve banking) allows privately owned banks to create money “out of thin air,” with money existing as numbers in a computer system, only about 3% in physical currency, and that control of the Fed enables domination over banks, corporations, money, and politicians. It is claimed the Fed system enslaves humanity to perpetual debt and that the elite who own the Fed seek to maintain a monopoly over credit. - A speaker questions the proper relationship between the Fed chairman and the U.S. president, noting the Federal Reserve’s independence. - A quotation attributed to a figure named Harold Grales Rosenthal claims that Jewish power has been created through manipulating the national monetary system, that the Fed is owned by Jews while appearing as a government institution, and asserts antisemitic stereotypes about Jews as parasites and producers being exploited by Jews.

The Federal Reserve, a private bank owned by private stockholders, controls the printing of America's money. They loan money to banks and the government, charging interest and putting the country in debt. The Fed gets its money from the United States Mint, which prints it for them. The Fed's control over the nation's wealth allows them to manipulate the economy and enslave the people through perpetual debt. In 1910, a secret meeting was held to establish a central bank, which would later be called the Federal Reserve. This secretive plan was executed on December 23, 1913, when Congress was mostly absent. The Fed's power to print money and the IRS's ability to collect taxes have resulted in the greatest theft from the American people.

We prioritize cost effectiveness and fund ourselves in central banking. We determine the necessary dividend to pay. It's a great business and people trust it. It's slightly different from other industries.

The Federal Reserve is owned by banks that receive dividends from district banks, with profits remitted to the US Treasury. The New York Fed holds significant power due to its president's permanent vote on the Federal Open Market Committee. While there are conflicts of interest, the Federal Reserve today is seen as lacking in serving Americans' best interests, leaving the country financially vulnerable in times of economic shock. The institution's origins were rooted in the need for a central bank to stabilize the economy, but its current leadership is criticized for potentially harming the nation's financial stability.

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.

Jekyll Island was the meeting place in 1910 for representatives from major private banks like the Rockefellers and Rothschilds, who secretly drafted the legislation for the Federal Reserve. Notably, the Federal Reserve was established in 1913, the same year the Internal Revenue Service was created, leading to the implementation of income tax to cover government debts to these bankers. The Federal Reserve operates as a privately owned central bank, despite being perceived as a government entity. In fact, it is listed in the white pages alongside private companies, not in the government section.

The discussion centers on why the U.S. is in debt, why inflation appears inconsistent with official claims, and why many people work low-paying jobs despite working hard. The core claim is that America operates under a debt-based banking system and that politicians cannot control debt because money itself depends on government debt. Speakers argue that the Federal Reserve is not truly federal and has “no reserves,” presenting it as a private, for-profit corporation. They claim the “Federal Reserve” name is deceptive, that it is owned by private stockholders, and that courts have ruled it is a private corporation. A recurring argument is that the Fed’s power affects major personal costs and even jobs, framing it as more powerful than elected branches and operating outside Congress’s control. The transcript then shifts to a historical account of “money changers” and privately controlled banking. Speakers discuss founding-era fears of privately owned central banks, citing James Madison’s criticism and Thomas Jefferson’s statement that issuing power should be taken from banks and restored to the people. The text also portrays a cyclical struggle in the U.S. between Congress and private central banking interests, claiming this control affects national prosperity and public finances. A long historical section compares alleged patterns in Europe. It describes “money changers” in the Jewish temple as an archetype of monopoly over money, then extends the theme through Roman history and medieval England. The narrative introduces fractional-reserve banking as arising from goldsmiths issuing more claims than they held in reserves, enabling profits through lending “many times more money than you have assets on deposit.” The text claims banks are allowed to lend out large multiples of deposits and that interest and lending dynamics can lead to economic contraction, bankruptcies, and wealth transfers. The transcript then describes the tally stick system in England as a counterexample that supposedly reduced manipulation by money changers. It continues with claims about the Bank of England becoming a privately owned central bank through high-stakes borrowing and taxation mechanisms, portraying it as legalized “counterfeiting” for private gain. It further introduces the Rothschild family, describing them as central to European finance, war financing, and domination of bond and banking markets, including a claim about influence around the aftermath of Waterloo. The narrative connects British central banking policy to colonial America and the American Revolution. It states that colonists issued paper money (colonial scrip) and that the Currency Act of 1764 prohibited colonial money issuance while requiring taxes in gold or silver, draining coin and causing unemployment and dissatisfaction. It claims the inability to issue money contributed to the revolutionary war, and it describes wartime printing of continental currency, portraying it as worsening when over-issued. It then claims that after the Revolution, the Bank of North America used fractional reserves and private control over currency issuance; its charter was not renewed, but a new privately owned central bank—the First Bank of the United States—was later chartered. The transcript portrays these events as a repeated pattern of private central banking monopolies, government borrowing, and public inflationary outcomes. It claims the U.S. constitution was left “silent” on who controls money issuance, creating an opening for private banking interests. A major episode described is the conflict over the Second Bank of the United States under Andrew Jackson. The transcript claims the bank contracted credit, triggered panic and depression, and used financial leverage against political decisions. It describes Jackson’s veto of recharter, his campaign stance of “Jackson and no bank,” congressional rejection of recharter, a subsequent investigation, and the bank’s cessation of function after its charter ended. It also claims that while Jackson “killed the bank,” fractional-reserve banking remained in state banks, preserving instability. The transcript then broadens to the Civil War and later U.S. monetary policy. It claims wars and debt are mechanisms through which banking interests maintain control. It describes Lincoln’s issuance of greenbacks (legal tender treasury notes), portrays this as a solution to avoid dependency on banker loans, and presents Lincoln’s statements about government creating and circulating currency and credit. It then claims that later wartime measures culminated in the National Bank Act and a system where national banknotes are tied to debt and bank reserves, shifting money creation into banker-controlled channels. World War I and the creation of the Federal Reserve Act of 1913 are presented as an extended outcome. The transcript claims that after the panic of 1907, a National Monetary Commission and a secret meeting on Jekyll Island shaped plans for a privately controlled central bank. It provides a detailed four-step description of how central banks supposedly create money: approving purchases of bonds, buying them on the open market, paying with electronic credits created by the central bank, and allowing commercial banks to use these deposits as reserves to lend at multiples. It describes the claimed result as government debt finance becoming permanent and bank lending multiplying the money supply via fractional reserves. The Federal Reserve Act is described as being passed with heavy influence and behind-the-scenes planning, with claims that leadership delayed action until after holidays and that critics predicted it would establish a “gigantic trust.” The transcript ties the Fed’s establishment to later recessions, the gold market, and Depression-era outcomes, asserting that the Fed could create panics and depressions through monetary contraction. It continues with claims that later U.S. policy included tax and debt strategies benefiting banks, and it asserts that the Fed cornered gold and influenced economic instability. It then recounts later decades as a progression: the Great Depression, alleged international dealings during wars, and a stated plan for centralizing power globally through institutions like the IMF, BIS, and World Bank. The transcript describes a “World Central Bank” concept, then asserts that SDRs and related structures extend fiat money power internationally. A central claim concerns Fort Knox gold. The text asserts that the gold was largely sold off at $35 per ounce after being confiscated and pooled, and that later the remaining gold was removed from Fort Knox and used to manipulate markets. It further claims that U.S. government refused audits despite requiring annual audits, and it connects this to later gold-standard debates. Finally, the transcript presents a proposed solution: pay off U.S. debt using debt-free U.S. notes, abolish fractional-reserve banking, repeal the Federal Reserve Act and the National Banking Act, withdraw from the IMF/BIS/World Bank, and create a stable money supply controlled by public and transparent rules based on population growth and price indices. The transcript argues that this would eliminate the ability to cause severe depressions through monetary contraction, citing a claim attributed to Milton Friedman that severe depressions correlate with sharp declines in the stock of money. The closing sections argue that reform must focus on monetary structure rather than individual bankers or political parties, and they warn against returning to gold or adopting regional or world currencies as “Trojan horse” solutions. The transcript ends by urging education and political action, asserting that entrenched financial control would resist reform and that the public must understand how money and credit are manipulated.

The speaker explains that the Federal Reserve is a private bank owned by private stockholders, not the government. They discuss how the Fed loans money to banks and the government, which must be paid back with interest. The speaker questions where the Fed gets its money and reveals that it is printed by the United States Mint. They argue that the Fed's control over printing money is unconstitutional and leads to the devaluation of the dollar. The speaker also mentions a secret meeting in 1910 where the plan for the Federal Reserve was devised. They criticize the creation of the IRS and how taxes are used to pay back the Fed's debts.

Together because they are completely interlinked. Epstein is linked with Howard Lutnick, our commerce secretary whose firm manages the treasuries that back tether, the largest stable coin. And Brock Pierce, who was Epstein's crypto adviser, who was a cofounder of Tether and was the head of the Bitcoin Foundation before it collapsed, and then MIT took over the developers is right in the middle of this. So in essence, the endgame of this is what they have figured out as a way to have a backdoor CBDC where they specifically profit. I'm starting to call this now the creature from Epstein's Island because in the end, what are we getting out of this? We have something called USAT, which is the new official stable coin that complies with the genius act. So we have a situation where it's a digital token backed by fiat, backed by treasuries that can be programmed, tracked, and censored. And the biggest financial beneficiary is Howard Lutnick's firm. They managed to create so think about it this way. He's managed to create a central bank digital currency where only one firm profits from all of the fees for managing the treasuries. This is the biggest financial heist probably in human history. And it is connected directly to Epstein and Brock Pierce and the hijacking of Bitcoin. That's how they're linked. Now, do I think were they playing five d chess and this is what they thought was gonna happen? I don't know. May be if so, it's very clever or were they opportunistic about it? But make no mistake about it. These government regulated stablecoins are backdoor CBDCs in not in the sense that they're issued by the central bank, but in the sense that they are controlled and surveilled by the government and tracked by the government, which after all is the thing that people are worried about with CBDCs. The concern isn't really so much about the central bank. Of course, the central bank is complete unnecessary third party, but financial surveillance comes from Congress. All of the bank secrecy laws, all of the tracking and the suspicious activity reports, this is Congress. This is not the Federal Reserve. The Federal Reserve does not initiate any of that. So this is in many respects worse than the creature from Jackal Island. This is worse than the creation of the Federal Reserve itself because what it's done is created a digital dollar where one political member of a cabinet, his family and his company is the biggest single beneficiary. One of the things that came out of the Epstein file is Lutnick's claim that he was disgusted by Epstein and had nothing to do with him after 2006. The emails show Lutnick emailing Epstein coordinating to visit Epstein on Epstein's Island with his yacht and with his family. There's another email showing Lutnick contributing $50,000 to an event that Epstein was running. Lutnick flat out lied, and I will have to check whether that was under oath about his relationship and association with Epstein. He was a next door neighbor of Epstein and bought his house from Epstein. The connections here are overwhelming. It's so much data to map that I'm using AI to start making initial connections, then humans correct. How do these pieces fit from a timetable perspective? This is game changing. Epstein's hijacking of Bitcoin has not been widely acknowledged, and some Bitcoin Maxis resist this information. I urge people to do their own research, not to rely on spin. Look into Epstein's emails via Jmail and other sources. The information is out there, including the Epstein files, and the article I wrote for Brownstone at brownstone.org with screenshots of emails. Do your research. Don't accept a single influencer's take. Epstein literally funded changing the Bitcoin protocol to make it digital gold, yet there is no indication he actually held Bitcoin. This warrants investigation. Roger Ver, once a prominent Bitcoin advocate, has described hijacking in his own book, and his later treatment suggests suppression. The broader point is that there are deeply interwoven connections among Epstein, Lutnick, Pierce, Tether, and the Bitcoin ecosystem, with implications for who profits and how governance and surveillance could unfold.

We prioritize cost effectiveness and fund ourselves, determining the necessary dividend. Being in central banking is a great business. People trust money, and luckily, we have been successful so far. It's a unique industry.

Speaker 0: So who are the people that actually get to be inflation? Well, they're the ones that are climbing up the network. They're the compromised ones. Why? What do they get? They get 0% money. The most corrupt money in the world is quantitative easing. Right? You essentially get the banks to buy the government's debt, and then central banks, put it on their balance sheet. So this is just pure corruption. This is below interest money. What about the banks? They get to create it for free. You know, they actually get to create it. They get a thousand decks on you you're paying 10%. They get they get to lever that up a 100 times. They get a thousand percent. And remember, this is all a debt based Ponzi scheme. The money to pay the interest doesn't exist, so you gotta find another person to take on the debt. You're either if you have a positive money in your in your bank balance, it's because somebody else is in debt. The money doesn't exist unless somebody else is in debt, and the money to pay the interest doesn't exist. So we create this economic environment where your money is continually being debased, and then you need to speculate in order to beat inflation. Now if you do a bit of speculation and you just invest some of your money in stocks, what happens? You're suddenly like, I don't know what stock to buy. I'm I'm not a professional trader. So there's a company out there, BlackRock, that will just buy all the stocks for me, and I just can give them a £100 a month or something. And, now I don't need to figure out what stock to buy. Okay. So now BlackRock is taking everyone's investment money that can't be bothered to figure out what stock through ETFs and index ones. Then they're taking everyone's pension. Then they're taking everyone's insurance contributions because you're trying to hedge some of the risk. And then when you get your house, you have to have insurance. And so where did BlackRock and all the asset managers in this financial industrial complex get all the money? It's your money. You paid for it. So then what do they do? Well, the banks create all of these. They they create new money every time they issue a mortgage. And then they say, do you know what? I don't even wanna take the risk of these mortgages anymore. What if can I just package it up and give it to someone else? So Larry Fink says, yeah. I've got all this money. All these people are putting these pension money in. Why don't we create something called a mortgage backed security? Let's package up all of these mortgages. Just put them into one product. And then what I can do is we can slap a credit rating on it. And if everyone complies, then they get this credit rating. Credit rating is not it's about compliance with the network. So now you've got all the banks are creating the money, and then they create these mortgage backed securities that allows them to control effectively all the real estate and transfer it. But who do they sell it to? They sell it to you. And so they created the money. They created the mortgage backed security, and then they sold it to your pension. So you paid for the very system for them to get the 0% money in the first place, and they're charging a fee for it. And what else do they get? They get a board seat on every company.

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.

We fund ourselves and determine the necessary dividend. Central banking is a great business. People trust money.

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.

The Federal Reserve is the central bank of The United States and even though it acts as an independent agency, it's still part of the federal government. Some people call it the bank for banks. Their goal is to encourage high employment and economic growth while also keeping inflation under control. To accomplish this outcome, the Fed has a number of tools it can use, but one key tool is the control over interest rates, which is the cost of borrowing money. When the Fed raises or lowers interest rate for banks, the rate banks charge consumers for everything including credit cards, auto loans, and home mortgages are affected. If growth is too fast and inflation goes up, the Fed can increase rates so growth can be slowed and stabilized. These decisions, along with other policy choices, are made by 12 leaders within the Fed called the Federal Open Market Committee.

The Federal Reserve is independent, so no other government agency can override its actions. As long as there is no interference from the administration or congress, the relationship between the Fed chair and the president doesn't really matter.

The Federal Reserve is not a government agency, but rather a banking cartel that has the power of government enforcement. They created their own rules and regulations to self-regulate their industry, similar to other cartels like those in bananas, oil, or sugar. They presented these regulations to Congress as the Federal Reserve Act, giving the appearance of a government agency. However, if you don't follow their rules, you can go to prison. In essence, the Federal Reserve is a banking cartel.

The Federal Reserve is not a government agency, but rather a banking cartel that has the power of government enforcement. It operates like other cartels, such as those in the banana, oil, or sugar industries. The banking cartel created rules and regulations for their own industry and presented it to Congress as the Federal Reserve Act. Congress passed it into law, giving the appearance that the Federal Reserve is a government agency. However, failure to comply with their rules can result in imprisonment. In essence, the Federal Reserve is a cartel disguised as a government agency.