Liberal Forum

peepee » 29 Aug 2018 3:40 pm » wrote:...bill still describes some important hi$tory below...many republicrat rube$ are facile with all sorts of history: ...60's rock bands, playboy centerfolds, super bowl champions, beverly hillbillies episodes, etc. ad goddamned nauseam...unfortunately the important a$pect$ of hi$tory are foreign to the republicrat... gee, i wonder why?...

"...The Federal Reserve Act was railroaded through a carefully prepared Congressional Conference Committee scheduled during unlikely hours of 1:30 a.m. to 4:30 a Monday, December 22, 1913, when most members were sleeping, at which 20-40 substantial differences in the House and Senate versions were supposedly described, deliberated, debated, reconciled and voted upon in a near miraculous 4 to 9 minutes per item, at that late hour. As author Anthony C. Sutton noted: "This miracle of speediness, never equaled before or after in the U.S. Congress, is ominously comparable to the rubber stamp lawmaking of the banana republics."

At 4:30 a.m. a prepared report of this Committee was handed to the printers. Senator Bristow of Kansas, the Republican leader, stated on the Congressional Record that the Conference Committee had met without notifying them and that Republicans were not present, and were given no opportunity to either read or sign the Conference Committee report.

The Conference report is normally read on the Senate floor. The Republicans did not even see the report. Some Senators stated on the floor of the Senate that they had no knowledge of the contents of the Bill. At 6:02 p.m., December 23rd, when many members had already left the Capitol for the Christmas holiday, the very same day the Bill was hurried through the House and Senate, President Woodrow Wilson signed the Federal Reserve Act of 1913 into law.

The Act transferred control of the money supply of the United States from Congress to a private banking elite. It is not surprising that a bill granting a few national bankers a private money monopoly was passed in such a corrupted manner. As author Anthony C. Sutton noted: 'The Federal Reserve System is a legal private monopoly of the money supply operated for the benefit of the few under the guise of protecting and promoting the public intent."

Heroic Nebraska Senator Hitchcock, the only Senate Democrat working against the bill, had proposed numerous amendments to the bill aimed at making the Federal Reserve System a government agency (i.e. placing control in the Department of the Treasury), rather than a private monopoly, but these were all tabled - so great was the power of the Money Changers over Congress by then.

Heroic Nebraska Senator Hitchcock, the only Senate Democrat working against the bill, had proposed numerous amendments to the bill aimed at making the Federal Reserve System a government agency (i.e. placing control in the Department of the Treasury), rather than a private monopoly, but these were all tabled - so great was the power of the Money Changers over Congress by then...."