Uploaded on Wednesday 30 July, 2014 to the money trust
How the Federal Reserve System was conceived
The Federal Reserve System was conceived behind closed doors in a clandestine meeting where seven men, all representatives of the money trust, congregated to Jekyll Island in 1910, and covertly drafted a banking bill which became the Federal Reserve Act of 1913. The U.S. Congress was left completely unaware of the shenanigans that awaited them.
After the Panic of 1907 struck, the money trust seized the momentum under the leadership of Senator Nelson Aldrich to restore a central bank for America. Aldrich went so far as to set up a commission sanctioned by Congress, which he chaired, to study the causes of the economic downturns of 1907 and 1908. Little did honourable members know that Aldrich would use the commission as a platform, not to reform banking to the benefit of the country and the people as a whole, but, to push through spurious suggestions in the interest of a newly formed banking cartel spanning transatlantic ties between the American and European continents.
Ellen Hodgson Brown, President & Founder of the Public Banking Institute (PBI) and author of such books as "The Web of Debt", The Public Bank Solution", addresses the PBI 2012 conference in Philadelphia.
Victoria Grant, seen here aged 12 years old, addresses the first annual Public Banking Conference in Philadelphia, PA. Her father and she discovered that the debt money system was what was wrong with the Canadian economy and decided to do something about it.
The Bank of North Dakota was established by legislative action in 1919 to promote agriculture, commerce and industry. North Dakota is the only state to have escaped the credit crisis. For every year since 2008, it has run a budget surplus and it has the lowest unemployment figures in the US, the lowest default rate on its loans and the lowest foreclosure rate.
Mike Krauss, Chairman of the Pennsylvania Project, puts forward his proposal, based on the success of the Bank of North Dakota, to create a Public Bank for the state of Pennsylvania. Such a move would free the state from the clutches of the Fed, reduce the debt burden, boost investments and serve the public interest.
Most people hold the view that their bank deposits are safe with the big commercial banks, however, this assumption is not based on the facts. This video features official government documents detailing information that should sound anyone's alarm bells [edited].