Was America Bought Out?

In 1913 the Federal Reserve was established. The Federal Reserve is a private bank that controls the money of America. Although our Federal government has the power to create money, it seems that this is not the case. The Federal Reserve prints the money when the government needs it out of thin air, making it a fiat currency. There is nothing backing this money, it is essentially only worth what we want it to be worth. This money is then put into circulation and then the American people pay interest on it. Yes the American people pay interest on their own money. This debt is unnecessary and wouldn't exist if our government still coined our money themselves. Most of are tough economic times in our nations history such as the Great Depression can be traced back to issues in the Federal Reserve.

Woodrow Wilson the President during the time when the Federal Reserve Act was passed was later regretful of what he had let happen.

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.
-Woodrow Wilson (1919)

He realized the power he had shifted to these bankers. One of the governments most important powers was given to a few elite bankers. We were sold out.

Now we have these powerful bankers in control in behind the scenes aspects. They have the money and power to control the economy. They control the interest rates. Now the big question is why our government doesn't coin the money when they have the power to do so interest free. Why is it that we pay interest on our money when it is unnecessary. I think there is a better way about doing this and its not letting the elite bankers have control of our monetary system. Some things you may want to look at to get a better picture of these issues are the movies Freedom to Facism and Money Masters.

Some other interesting quotes related to the Federal Reserve:

"I believe that banking institutions are more dangerous to our liberties than standing armies.
Already they have raised up a monied aristocracy that has set the government at defiance. The
issuing power (of money) should be taken away from the banks and restored to the people to
whom it properly belongs."--Thomas Jefferson, U.S. President

"Whoever controls the volume of money in any country is absolute master of all industry and
commerce." -- James A. Garfield, President of the United States

"Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States" -- Sen. Barry Goldwater (Rep. AR)

"The financial system has been turned over to the Federal Reserve Board. That Board asministers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money" -- Charles A. Lindbergh Sr., 1923