1913
| File:Decade.png ( 1910s: ) 1913 link | |
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| File:Discussing the Federal Reserve Act.jpg The Senate banking committee discussing the Federal Reserve Act. This act placed control of the US money supply into a private, for-profit corporation. | |
| 1913 was a landmark year for The Money Trust. They had fought for decades (at least) to capture the US money supply. The creation of the Federal Reserve System guaranteed a source of vast unearned income and a political powerbase, a point of de facto leverage over the supposedly inviolate political process. |
In 1913 The Money Trust successfully gained control over the US dollar, which allowed them to consolidate their position as the ruling US Deep state faction.
Pujo Committee
- Full article: Pujo Committee
- Full article: Pujo Committee
The Pujo Committee concluded its investigations into The Money Trust. Their report noted a high degree of concentration of control by a few financiers. After a piece of masterful misdirection, the report was used to promote the Federal Reserve Act, in fact a plan of the same money trust, but which was presented as a decentralised system that would counteract this tendency.
Federal Reserve Act
- Full article: Federal Reserve Act
- Full article: Federal Reserve Act
On December 23rd, 1913, the Federal Reserve Act became US law, passing control of the US money supply into the hands of private bankers, providing a vast source of unearned income which is tapped to this day. This was to become a model of great importance to the supranational deep state after it was exported worldwide, using the "national debt" as a method whereby the controllers of the national currency can extract arbitrary proportions of the national government's budget.