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Federal Reserve Banking System?
Since we know that the "Federal Reserve Bank" is not an entity of
The Federal Government. Why do banks wishing to open a branch
in a city or a state, have to get PERMISSION from the "Federal
Reserve"? Does anyone have an answer? One other thing. Who
was Paul Moritz Warburg and what did he do to the banking system in the United States in 1913? Give or take a year.
4 Answers
- Anonymous1 decade agoFavorite Answer
For the past 92+ years the United States has been run by a private corporation. In 1913, the Democrats passed legislation giving control of US monetary and economic policy to a private corporation. You might know this corporation by name. It's the Federal Reserve and it's neither federal nor does our currency system have any reserves whatsoever.
Since that time, the owners of the Federal Reserve have recruited and supported candidates for public office who will be compliant to their political agenda and serve them.
What most Americans fail to understand is that our politicians are merely puppets on a stage but that it's the owners of the Federal Reserve who pull the strings from behind the scenes. Henry Ford said "if the American people knew how the Federal Reserve operated there would be a revolution overnight."
Wonder why you've never heard this? The same people who own the Federal Reserve also control, by owning the majority stock, all of mainstream media along with many other corporations. Do you still think America is a free and sovereign nation? Why are we so naive?
There are only a handful of elected officials who are even attempting to protect your rights. Congressman Ron Paul is one of them and he deserves your immediate support for President.
Source(s):
Owen-Glass Act, 1913. The Secrets of the Federal Reserve by Eustace Mullins. Ron Paul for President.
- priddleLv 45 years ago
First, the assembly on Jekyll Island got here approximately in 1910. 2d, it resulted interior the Aldrich plan which replaced into finally rejected by skill of Congress. basically parts of the Aldrich plan have been lined interior the Glass-Owen invoice which replaced into at last handed by skill of Congress in 1913. foreign places money isn't loaned to us at interest. If it have been, it could be AN ASSET of the Federal Reserve. instead, Federal Reserve Notes are LIABILITIES of the Federal Reserve device. You for sure don't be responsive to the way economic platforms artwork and there is not any longer sufficient room attainable right here to describe it to you. The Federal Reserve device exists because of the fact loose industry banking won't be able to react to financial turmoil as without postpone and can't tender the conventional united statesand downs of an industrialized financial device. a guy or woman basically needs to income approximately nineteenth century economics to confirm the subject concerns brought about while the rustic did no longer have a principal financial enterprise. there have been greater financial upheavals (and that they tended to final longer) interior the term between 1814 and 1910 than there have been between 1914 and 2010. analyze the somewhat some banking panics, depressions and recessions of the mid to previous due nineteenth century and the early twentieth century with the intention to income greater approximately why the Federal Reserve replaced into created. BTW, examine the history from financial and banking textbooks and not the conspiracy thought nonsense supplies which you have for sure been analyzing.
- Anonymous1 decade ago
because opening a bank, is banking business.
- Anonymous1 decade ago
read this , it will answer your questions -