"Dear Sir: It is advisable to do all in your power to sustain such prominent daily and weekly newspapers as will oppose the issuing of greenback paper money, and that you also withhold patronage or favors from all applicants who are not willing to oppose the Government-issue of money. Let the Government issue the coin, but let the banks issue the paper money of the country. To restore to circulation Government-issue paper money will seriously (negatively) affect your profits as bankers and lenders."
Goaded by the private bankers, most of Europe's elite supported America's Confederacy against the Union, and did so with the expectation that victory over Lincoln would mean the end of the greenback and the triumph of the privately-owned central bank.
So important was this issue to France and Britain that they actually considered an outright military attack on the United States to aid the confederacy, but were kept at bay by Russia, which had just ended serfdom and itself had a government-owned central bank similar to the one on which the United States had been founded. Left free of European intervention, therefore, the Union won the war, and Lincoln announced his intention to continue issuing greenbacks. But then, by way of Lincoln's assassination, Greenbacks were pulled from circulation and the American people were forced to go back to an economy based on bank notes borrowed at interest from a privately-owned central bank.
Finally, in 1913, the "private' central bankers of Europe, in particular the Rothschilds of Great Britain and the Warburgs of Germany, met with their American financial collaborators on Jekyll Island, Georgia, to form a new banking cartel with the express purpose of forming the Third Bank of the United States. Their aim was to once again place the United States money supply under the control of (and for the exploitation of) "private' central bankers. However, owing to public hostility over the previous privately controlled banks, the proposed name of this new, privately-owned central bank was duplicitously changed to "The Federal Reserve System." The idea was to provide this new bank a quasi-governmental image, so as to dupe the rubes. As most folks never realize, it was and is a privately-owned central bank that is no more "Federal" than Federal Express. Indeed, in 2012, the Federal Reserve successfully rebuffed a Freedom of Information Lawsuit by Bloomberg News on the grounds that, as a private banking corporation, and not actually being part of the government, the Freedom of Information Act did not apply to the operations of the Federal Reserve. And so it was that 1913 proved to be a transformative year for the nation's economy, first with the passage of the 16th ("income tax") Amendment and the false claim that that amendment had been ratified. (The banksters needed the government to start collecting income taxes so that working people could began paying interest on the billions the banksters were loaning, at interest, to the government.)
Later that same year, and apparently unwilling to risk the failure of another questionable amendment, Congress passed the Federal Reserve Act over Christmas holiday 1913. They did this while members of Congress who opposed to the measure were at home. This was a very underhanded deal, as the Constitution explicitly vests Congress with the authority to issue the public currency, does not authorize the delegation of currency issuance, and thus a new Amendment should have been required if that authority was to be transferred to a privately-owned bank. But pass it Congress did, and President Woodrow Wilson then signed it. Why did he sign it? Because he had promised the bankers he would, in exchange for generous campaign contributions. Wilson later expressed his regret for that decision as follows:
World War I then broke out in very short order.
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