|( 1910s: ) 1913|
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 cabal of bankers who had fought for decades (at least) to capture control of the US money supply, since the creation of the Federal Reserve System]] guaranteed not only a source of vast unearned income but a political powerbase, a point of de facto leverage over the supposedly inviolate political process.|
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 which 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.
|Document:The Occult Technology of Power||“From now on depressions will be scientifically created.”||1913|
|Anti-Defamation League||Civil rights law|
|US/Federal Reserve||The privately held cartel which profits off the US$ monopoly. It was set up by a group of large financiers on December 23, 1913 after the failure of earlier privatisations by stealth of the US money supply. The petrodollar allowed this system to make global profits during much of the 20th century.|
|Title||Born||Died||Place of death||Summary|
|Andre de Staercke||1913||2003||Diplomat|
|J. P. Morgan||17 April 1837||31 March 1913||Italy|