“In his final Senate years, Aldrich chaired the National Monetary Commission. His Aldrich Plan, providing for flexible cash reserves, was the forerunner of the Federal Reserve System.”
“This Act establishes the most gigantic trust on earth… The worst legislative crime of the ages is perpetrated by this banking and currency Bill.”
– Charles A. Lindbergh, Sr (father of famous aviator), Congressman in his book Banking and Currency and The Money Trust, 1913
“The Congress shall have Power… To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures [see on the origin of the Gold Standard] …”
– Article One, Section Eight of the U.S. Constitution
“The name of Central Bank is carefully avoided, but the ‘Federal Reserve Association’, the name given to the proposed central organization, is endowed with the usual powers and responsibilities of a European Central Bank.”
– Nation Magazine, January 19, 1911
The Federal Reserve Act was proposed in 1908 by Nelson Aldrich - whose unique daughter married unique Rockefeller’s son - in the Aldrich-Vreeland Act after the Panic of 1907.
The Act created the “Federal Reserve System” which transferred control of the money supply from Congress [see above Article One, Section Eight of the U.S. Constitution] to the banking system. Though the Treasury still coins and prints our money under the authority of Congress, neither the Treasury nor the Congress has the slightest thing to do with its issue or regulating the value thereof.
The Act was signed by President Woodrow Wilson - under the influence of Colonel House - founder of the CFR (controlled by Rockefeller) - on December 23, 1913 during the night (see timeline below) eighty years after President Jackson repelled the charter of the Second Bank Of United States.
The Incredible Timeline
The Federal Reserve Act was scheduled during the unlikely hours of 1.30 am to 4.30 am - were most members probably sleeping ? - on Monday 22 December 1913, at which 20 to 40 substantial differences in the House and Senate versions were supposedly described, deliberated upon, debated, reconciled and voted upon in a near-miraculous four-and-a-half to nine minutes per item, at that late hour.
At 4.30 am, a prepared report of this Committee was handed to the printers. Senator Bristow of Kansas, the Republican leader, stated on the Congressional Record that the Conference Committee had met without notifying them, and that Republicans were not present and were given no opportunity either to read or sign the Conference Committee report. The Conference report is normally read on the Senate floor. The Republicans did not even see the report. Some senators stated on the floor of the Senate that they had no knowledge of the contents of the Bill.
At 6.02 PM on 23 December, when many members had already left the Capital for the Christmas holiday, the very same day that the Bill was hurried through the House and Senate, President Woodrow Wilson signed the Federal Reserve Act of 1913 into law.
The book “the Creature from Jekyll Island” tells the story behind the curtain.
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