Opinion on Federal Reserve was dead-on
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Editor,
I want to thank Cynthia Preston for putting the spotlight on the Federal Reserve in last week’s opinion piece. This institution was conceived in secrecy and passed by Congress with deception by a near–deserted Congress just before Christmas 1913. The Federal Reserve Act was signed into law by President Woodrow Wilson a day later. It, in effect, created a privately-owned central bank, the finale of efforts that began as soon as the republic was formed.
In a moment of candor, Wilson would later express profound regret over his tragic decision, stating, "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst-ruled, one of the most completely-controlled and dominated governments in the civilized world — no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."
This private agency has never had an audit and resists any such efforts to this day. Read all about it in the fascinating book entitled, “The Creature from Jekyll Island.”
Rolan Becker
Ronan
