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Is the federal reserve act of 1913 a fraud?


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Answered 2009-08-28 21:16:16

Yes it is. See, when Woodrow Wilson was running for presidency, the international bankers at the time such as the Rothchilds, Warburgs and Rockefellers wrote the Federal Reserve Act on a estate in Jekyll Island owned my J.P. Morgan and was given to the Senator Nelson Aldrich(who soon married into the Rockefellers) to push through congress and all they needed was the presidents okay on it. Fortunately for them Wilson wanted to become president if he agreed to sign it because he would have their full support and unlimited funds, he knew he would win the presidency. However, Federal Reserve Notes are completely unconstitutional, illegal and fraudulent. In Article 1, Section 10 of The United States Constitution, it clearly states that, "No state shall make anything but gold and silver coin a tender in payments of debts." And in Article 1, Section 8 it states, "Congress shall have power to coin money" Notice it says "coin" not "print" The reasoning behind this law is because when money is printed from paper and has no gold or silver, more of it can be printed to create inflation which causes loss of jobs which causes foreclosures which gives money to the banks which gives money to the Federal Reserve. Oh, and to top things off, the Federal Reserve is about as Federal as FedEx. It, in no way, is apart of the US Government. It is it's own company with it's own rules and laws and the IRS is it's own personal army to collect the money and audit people who go against them. IRS isn't even apart of the US Government. They work for the FED. When all was said and done, Woodrow Wilson, the man who signed it for his own personal gain said this, "I am a most unhappy man, I have unwittingly ruined my country. A great industrial nation is now controlled by it's system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." - Woodrow Wilson

To learn more about this watch the documentary Zeitgeist or just type in Federal Reserve Fraud in Google and do the research. There is WAY more things that are illegal and fraudulent about the Federal Reserve.

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Related Questions

What law established the Federal Reserve?

The Federal Reserve Act of 1913


When and how was the Federal Reserve created?

The Federal Reserve was created in 1913 when Congress passed the Federal Reserve Act.


Who signed the Federal Reserve Act?

President Woodrow Wilson signed the Federal Reserve Act into law in 1913.


Is the federal reserve a government agency?

The Federal Reserve is an independent entity within the U.S. Government. It was established under The Federal Reserve Act of 1913.


Who started the federal reserve?

Congress created the Federal Reserve in 1913. The Act was signed into law by President Woodrow Wilson.


What is a federal reserve bond?

That would be an illegal issuance of debt by the US Federal Reserve, which is not authorized to do so by the Federal Reserve Act of 1913 or any subsequent legislation.


When was the federal reserve system founded?

In 1913 by an act of the US Congress and signed into law by US President Woodrow Wilson.


What day of what year was the Federal Reserve Act approved by US Congress?

The Federal Reserve Act was Approved and Signed into Law on Dec. 23, 1913.See WikiPedia Article on Federal Reserve ACT:http://en.wikipedia.org/wiki/Federal_Reserve_Act


When was the Federal Reserve system established?

President Woodrow Wilson signed the Federal Reserve Act into law on December 23, 1913; the Federal Reserve became operational in 1915.



What year was the Federal Reserve system created?

President Woodrow Wilson signed the Federal Reserve Act into law on December 23, 1913; the Federal Reserve became operational in 1915.



What was the federal reserve system established by?

The Federal Reserve was created by act of Congress in 1913, railroaded through in a fashion very similar to the stimulus bill.


Who was the president in the Federal Reserve Act?

The Federal Reserve is the central banking system of the United States. It was created in the year 1913. Ben Bernanke is the chairman of the Federal Reserve. He has been the chairman since 2006. Before him, Alan Greenspan was the chairman of the federal reserve.


What was the singular achievement of the Federal Reserve Act?

Establishing the Federal Reserve was the singular achievement of the Federal Reserve Act.


What did The Federal Reserve Act of 1913 create?

The Federal Reserve Act of 1913 is an Act of Congress and signed into law by US President Woodrow Wilson. The Federal Reserve System's original purposes were to give the country an elastic currency, to provide facilities for discounting commercial paper and to improve the supervision of banking. It was recognized, however, that the System would be given broader powers in the future.


When was the Federal Reserve Act signed?

To promote the development of a sound economy and a reliable banking system, Congress passed, and President Woodrow Wilson signed, the Federal Reserve Act on December 23, 1913.



How was the federal reserve created?

It is not federal in the sense of being owned by the government. It's just a name, like Federal Express. The U.S. Federal Reserve banking system was created in 1913 by a group of bankers. The Federal Reserve Act was the brainchild of banker Paul Warburg, a partner in the investment firm Kuhn, Loeb & Co. and a representative of the Rothschild banking house. Congressman Carter Glass of Virginia co-authored the Federal Reserve Act [aka Owen-Glass Federal Reserve Act of 1913]. It was based on a report from a subcommittee of the House Banking and Currency Committee headed by Glass. But Warburg was the key player in the creation of the Act. Emmanuel Goldenweiser managed the Federal Reserve Board during its first 30 years.


Why are there two federal reserve banks in Missouri?

Senator James Reed of Missouri provided the tie-breaking vote on the Senate Banking and Currency Committee when the Federal Reserve Act was under consideration in 1913.



Why was the federal reserve act important?

The Federal Reserve Act was important because it allowed the government to supervise banks.


Why did Wilson support the federal reserve system?

why did Wilson support the federal reserve act


What was one key goal of the 1913 federal reserve act?

To create a banking system that could regulate the amount of money in circulation.


The Federal Reserve Act of 1913 created?

It created the central banking system, the Federal Reserve, and laid the foundation of the modern U.S. financial system. It included prevention of financial panics with readily available cash from a money reserve, an expanding-contracting money supply to match the state of the economy, and the federal reserve note.


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