@VooDooMedic
* The 1863 National Banking Act created the precursor to what would be the Fed, and implemented many practices such as a uniform national currency with bank notes, which were different from the paper money the treasury issued, backed by government debt rather than precious metals.
@VooDooMedic
Then in 1913 under the recommendations of a Republican-led commission a fellow by the name of Woodrow Wilson signed a bill creating the Federal Reserve System to create a centralize bank to control the regional Federal Reserve banks.
@VooDooMedic Hold up... I accidentally cut this little tidbit when trying to swap out the long-form text, and I'm sure you'd not want to miss this:
In 1907, there was a major financial panic which had a great number of causes. (Just search for "Panic of 1907".) One response was put forward by Paul Warburg and Jacob Schiff articles and speeches advocating for a central bank which was supported by multiple other influential bankers.
Warburgs are Jewish there is a lot of info on them on wikipedia
People have told me Schiff family are Jewish and connected with Trump but I know less about them
A Warburg family member funded Hitler then most of them fled to the USA after one of them funded Hitler
@VooDooMedic I'd like to mention that the United states had attempted several times to create central banks:
* Bank of North America: charter repealed in 1785 due to corruption.
* First Bank of the United States: Charter not renewed before the war of 1812.
* Second Bank of the United States: Charter expired in 1836 under Andrew Jackson's refusal to renew it.