• The Federal Reserve arguably operates like a banking cartel that prioritizes private gain over providing a public service, with critics labeling the central bank as a tool of financial elites.
• The Fed’s origins paint a picture of corrupt politicians colluding with influential figures in the financial world to come together to take control over the U.S. banking and monetary systems.
• By creating a central bank, its founders claim this could prevent financial panics and provide the U.S. with an elastic currency – but in reality all it did is protect the dominance of Big Banks by reducing competition from smaller institutions.
• This conspiracy and collusion resulted in the Federal Reserve Act of 1913 which established the Federal Reserve System, centralized control over the dollar and regulated the money supply.

The Federal Reserve has spent the past century ruling the United States’ money system with a totalitarian fist and has acted less like a government agency providing a public service and more like a banking cartel working to maximize personal gain at the expense of the nation.

This is according to the seminal work of author G. Edward Griffin, “The Creature from Jekyll Island: A Second Look at the Federal Reserve.” Published in 1994, the book goes into detail about how America’s central bank constitutes a banking cartel.

Mainstream media has unfairly maligned Griffin as a “conspiracy theorist” and “The Creature from Jekyll Island” as “the Anti-Fed conspiracy theory Bible.”

But the real story behind the Fed begins in November 1910, when Sen. Nelson Aldrich (R-RI) met with several other influential public officials and financiers, including individuals from the predecessor entities of today’s financial giants like the Lehman Brothers and JPMorgan Chase, as well as representatives from the Rothschild and Warburg banking dynasties of Europe.

The group traveled under strict secrecy, using only first names to avoid detection. Their destination was Jekyll Island, Georgia, with the island’s isolation and the group’s desires for absolute secrecy making the place ideal to ensure that their discussions remained strictly confidential.

The primary objective of the Jekyll Island meeting was to address the instability of the U.S. banking system, which had been plagued by frequent financial panics and bank failures. The attendees sought to create a centralized banking system that would stabilize the economy, prevent bank runs and provide an elastic currency that could expand or contract based on economic conditions. (Related: Is America’s “giant debt factory” Federal Reserve setting us up for an economic nightmare?)

However, the meeting also had a more self-serving agenda. The attendees represented the interests of the largest banks in the U.S. and Europe, and they sought to protect their dominance in the financial sector. By creating a central bank, they aimed to reduce competition from smaller, regional banks and ensure that control over the nation’s financial resources remained in the hands of a few powerful institutions.

The plan that emerged from the Jekyll Island meeting was the foundation for the Federal Reserve System. The Federal Reserve Act, passed by Congress in 1913, established a central banking system with regional branches across the country. The system was designed to provide stability to the financial system by acting as a lender of last resort, regulating the money supply and overseeing the nation’s banks.

The Fed doesn’t work for the public but for Big Banks

The Jekyll Island meeting remains a controversial chapter in American history. Critics argue that the Federal Reserve was designed to serve the interests of the financial elite at the expense of the public. Supporters, on the other hand, credit the system with providing the stability needed for economic growth.

The Fed was presented to the public as a government agency that would protect the economy and prevent financial crises. However, the structure of the system ensured that it would be controlled by the nation’s largest banks. The Fed’s regional banks were owned by member banks, and its policies were heavily influenced by the financial elite.

The creation of the Federal Reserve System marked a significant shift in the U.S. financial system. While it succeeded in providing a more stable currency and reducing the frequency of bank failures, it also concentrated financial power in the hands of a few large banks.

Over the years, the Federal Reserve has faced criticism for its role in economic crises, including the Great Depression of the 1930s and the financial crisis of 2008.

Watch this video featuring G. Edward Griffin discussing how a national revolution is the only way to escape the Fed and its cyclical planned crises.

This video is from the Cynthia’s Pursuit of Truth channel on Brighteon.com.

More related stories:

Aaron Day sounds alarm: Central banks create DIGITAL TOTALITARIANISM through CBDCs.

Fed pulls half of credit available from BTFP, engineering a potential banking crash to be thrown in Trump’s lap.

Fed Chairman Jerome Powell already rebelling against Trump, says he won’t resign from running America’s private central bank.

Elon Musk endorses abolishing the Federal Reserve.

Young Americans will never own homes thanks to Wall Street and the Federal Reserve.

Sources include:

Brighteon.ai

TheDailyBeast.com

Brighteon.com