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The Federal Reserve: Why the US is Completely, Utterly Fucked President Woodrow Wilson signed the Federal Reserve Act of 1913, which PRIVITIZED the US monetary system. He said on his deathbed, "I have unwittingly destroyed my country." Article I, Section 8, Clause 5, of the United States Constitution provides that Congress shall have the power to coin money and regulate the value thereof and of any foreign coins. But that is not the case. The United States government has no power to issue money, control the flow of money, or to even distribute it - that belongs to a private corporation registered in the State of Delaware - the Federal Reserve Bank. The Federal Reserve is a misnomer, since it's privately-held. The Fed prints US currency and lends it to the government at interest. The national debt is composed of this interest. It's not meant to be repaid. It is meant to grow through inflation so that the interest generated will completely consume the productive capability of the USA. So that the Federal Reserve can, in the end, finally foreclose. Thomas Jefferson was concise in his early warning to the American nation, "If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered." Here are the top shareholders of the Federal Reserve Bank: 1. Rothchild banks of London and Berlin. 2. Lazard Brothers Banks of Paris. 3. Israel Moses Seif Banks of Italy. 4. Warburg Bank of Hamburg and Amsterdam. This should be The Issue Of Issues, but it's not even on the radar. When you see a US President increase the deficit through increased spending and lower taxes (such as our current one), you know who the filthy SOB is serving.