JFK v.s. The Federal Reserve!
The 20th United States President, James Garfield said "whoever controls the volume of money in any country is the absolute master of all industry and commerce". The Federal Reserve is a Private Central Bank created in 1913 which controls the U.S. money supply. An early version was drafted on Jekyll Island, Georgia by Senator Nelson Aldrich who was very close to JP Morgan and JD Rockefeller. The Federal Reserve has 12 regional banks in the US and the Government has zero control over them. The word Federal is put in the title to give the appearance of government oversight but no US President has ever sat in a Federal Reserve Board meeting and none of their minutes from their meetings have ever been made public or made available to Congress. So many conspiracy theories are out there about the Fed, many of which are just myths. The Fed has become a Boogie man spook story like the mysterious Illuminati. The one thing that I am certain about is the Fed does Not have the Interest of the US people at its core. Before the creation of the Fed there was periods of taxation but generally Americans paid no taxes. John F. Kennedy understood this and like so many other things, he wanted to radically change the Fed.
JFK felt the Federal reserve system had been main contributors to two recessions from 1953 to 1960 and played a key role in a third recession. JFK felt the Fed reduced the availability of money and increased interest rates, causing these recessions. He felt that recessions can be completely prevented or at least controlled to minimize the damage. He wanted to take powers away from the Fed and give those powers to James J. Saxon the Comptroller of the Currency. JFK wanted more smaller banks in more communities. These changes and other radical changes put JFK at direct odds with David Rockefeller, whose family controlled the Fed regional banks in Boston and New York. Rockefeller and his friends in the .000001% were influenced by Thomas Malthus. Malthus was an English Philosopher born in 1766 who believed that famine, poverty, and war was all necessary for population control. JFK believed the opposite of Malthus. He declared the 1960's the decade of development. The Alliance for Progress, Development Aid, low interest loans, emphasis on investments in technology and education was JFK's focus.
A great book to understand this is Battling Wall Street by University of Pittsburgh Professor of Sociology Donald Gibson. Also look for an episode coming up on Our That's enough Outta you Podcast covering this, which I am sure we will bring up the name of that Sullivan & Cromwell Law Firm lawyer they call the “Old Man”.
