The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 5: The Plan

In the years prior to the Fed a lot of banks were folding. People were losing their money and investments. There were runs on the banks and the banks would not give people their money back.

In particular, people were extremely concerned about what was refered to as the "money trust" or the concentration of incredible wealth in the hands of a few large banks on Wall Street.

For politicians the "money trust" represented a golden opportunity. If they campaigned against it chances were good that they would be elected.

Enter President Wilson. He campaigned hard against the "money trust." Problem was that he was "hand-picked" by the "money trust." He was financed by the "money trust." All of his key advisors and political cronies were part of the "money trust," and at the end of the day he sold out America. Who says that you can't buy yourself a President?

He didn't sell-out to the old "money trust" but rather to the new "money trust." For in 1913 after senator Nelson Aldrich, maternal grandfather to the Rockefellers and one of the unholy 7, pushed the Federal Reserce Act through Congress just before Christmas when much of Congress was on vacation, President Wilson passed the Fed into reality.

Later President Wilson was to remorsefully say, "I have unwittingly ruined my country!"

Now here is the plan which created the Fed. The unholy 7 wanted to create a central banking system in America. It's an ingenious concept that was created in Europe in the 16th century and perfected with the formation of the Bank of England in 1694. Later in this series I'll explain just how central banking works and why it is so dangerous. But suffice it to say for now that under a central banking system it is the bankers and the government who "own your butts" lock, stock, and barrel.

The main problem that the unholy 7 faced on Jekyll Island was what should they call the Central Banks so that nobody knew that it was a Central bank. Congress was already on record as saying that they did not want a central bank in America.

This is why Paul Warburg was so valuable, because he had the detailed technical knowledge of how central banks operate and hence had the expertise to strategize and guide the project to a successful conclusion.

The first step in their strategy was to give central banking a new name...The Federal Reserve System. Federal ... because it sounded like it was the government and not a cartel of powerful bankers. Reserve ... because it sounded like there were reserves of somekind. And System ... the most important word of all. Remember that people were upset about the "money trust", the concentration of financial power in New York. The word System was specifically chosen to sell the impression that under this new "bank reform" a system of regional banks would diffuse the power of the big banks on Wall Street.

But at the end of the day, it was to be the bankers and not the United States government which would issue and control America's money supply.

There was no federal component. There were no reserves. There was no system for the difusion of financial power on Wall Street and the Federal Reserve Banks were not even banks. A totally brilliant strategy.

Next- Episode 6: The Plan Part 2