Understanding the #UnitedStatesofAmerica What does it say? The Federal Reserve Act - The Federal Reserve's Background Part Three

Part One Summary

The "Bank of England" became England's Central Bank System in 1694, when King William the 3rd was desperate to rebuild the  English Navy, following a defeat in the 9 years war. 

The Banking Cartel behind the creation of the "Bank of England" began business by lending the English Government £1,200,000, created out of nothing, at 8% interest. 

Part Two Summary

When the American paper currency, called "The Continental Scrip" lost its credibility due to over issue and British counterfeiting, the Continental Congress approved of a Central Bank System to help finance the American Revolution. 

In 1781, "The Bank of North America" was chartered. Following the "Bank of England's" templet, the Banking Cartel behind "The Bank of North America", lent Congress $1,200,000, that it created out of nothing.

However, due to an educated and alert public, the "legal tender" issued by "The Bank of North America", failed. In 1787, the "Bank of North America", was rechartered as a commercial bank for the State of Pennsylvania. 

The First Bank of the United States

Following the failure of the "Bank of North America."

Alexander Hamilton, is eager to establish a new "Central Bank" for the United States of America - The "First Bank of the United States" is chartered in 1791.

Like the "Bank of England", the name "First Bank of the United States", is to make the institution appear as part of the Government; hiding the "Cartel" that's actually running the show.  

It was Hamilton that proposed Robert Morris to serve as the Nation's Superintendent of Finance in the 1780s.

Hamilton and Thomas Willing (the President of the Bank of North America), formed the heads of the new "First Bank of the United States" 

The "First Bank of the United States" began business by lending $8.2 million (created out of nothing) to the United States Government. 

The establishment of this new Central Bank (First Bank of the United States) causes the country's economy to plunder and the cartel laughs all the way to the bank they've created.

Alexander Hamilton dies in a duel with Aaron Burr in 1804, the Charter for the "First Bank of the United States" is due to expire in 1811.

The alert Public is Skeptical to the purpose of a Central Bank (especially in a time of "peace"). Renewal of the "First Bank of the United States'" charter is voted down.

So, if the public doesn't want a "Central Bank" during a time of "peace", then the "Cartel" needs to create War...guess what happens in 1812? 

Here is the building that once occupied the "First Bank of the United States", located on 3rd Street in Philadelphia, Pennsylvania. https://upload.wikimedia.org/wikipedia/commons/b/b7/First_Bank_of_the_United_States_from_north.jpg

This wrap's up Part Three.

Source #1 for the information provided here, "A Century of Enslavement" (1 hr 30 min) https://www.youtube.com/watch?v=U5IyUFqUN88&t=1022s

Source #2 for the information provided here, "Fiat Empire" (58 min) https://www.youtube.com/watch?v=WK76Dl18uAU

You can read the Federal Reserve Act by going to the Federal Reserve's own website www.federalreserveact.gov