Society Secrets

Let’s go down to the American history once again. We see that in 1913, the Federal Reserve act was passed and made a law after getting signed by the president of America, Woodrow Wilson. The purpose of creating Federal Reserve Bank was to create a source for the American people especially the business class to reach for economic support whenever they required it. Federal Reserve Bank was based on a decentralized system. The meaning of having a decentralized system was to make the system completely impartial so that nobody would be able to create troubles or to bluff with the bank by incorporating any kind of corruption or misdealing. For that purpose, the decentralization took place and twelve centers of the bank were made. A federal advisory council was set up who has to perform the duties required for the smooth working and regulation of the Federal Reserve Bank. The federal advisory council has to check and maintain a balance of the functioning of the bank and it was said that there would be regular interrogations that would be carried out in order to make sure that the Federal Reserve Bank was providing maximum support to the people of the country. On the surface, it was a plan well designed and seemed to be ensuring the prosperity and success of America but nothing happened as planned. Paul Warburg is an important figure in the history of America. He was one of the wealthiest people and had his hands behind the scenario of Germany getting support from America as well. Paul Warburg is also the one to be blamed for weakening the system of the Federal Reserve banks in America. Now the question that must be boggling your minds is justified. How can a single person infiltrate the whole setup of Federal Reserve Bank which had its centers in different regions and were governed by different names and not just a single person? Well, there is a simple answer to that. The game was played with great care and complexity. The board of federal advisors which is here we are referring as federal advisory council was actually formed using people who were actually the alliances of Warburg. Warburg used all of them to keep the system as he wanted. So, the federal reserve bank performed all the functions not according to the rules that were setup to perform functions that were required by the country but actually it became a money making machine for the wealthy names of the country. Federal Reserve Bank in the similar way was also used in alliance with the Britain to fulfill what Britain and Europe desired in pursuit of weakening America so that they would be able to gain control over the country. This is how the federal advisory council instead of ensuring the proper usage of the bank by providing most flexible of the economic support to the country used it against the country and caused damages that were beyond repair.