For some reason our banking system has become a very interesting topic for me and how it came into being! If you get a chance, read all of the articles that Alexander Hamilton wrote to congress when he introduced the Bank Bill! It gave incentives for the rich to invest, ownerships of bonds and shares, rooted in fiscal management, for a stable monetary system.
In 1791, George Washington signed the charter for the First Bank of the U.S.. It's headquarters was in Philadelphia, but it had branches in other major cities. They accepted deposits, issuing bank notes, making loans, and purchasing securities. The charter expired 20 years later. This through the country into an inflation! In 1816, James Madison signed the 2nd bank charter! When if failed, our country was without a central bank for 40 years! In 1873, congress went national for the first time. James Madison proposed a gold standard instead of the bimetallic that was set in place by the founders! Remember the panic of 1907! Private investors step in to save the banks in trouble. The panic where depositors who tried to withdraw their money faster than the bank could pay out! Who created this panic? What was the results? The FRS was created in 1913 and so was the 16th amendment! It is an independent financial institution formed within the U.S....it works separately from the executive or judicial branches. (ROTHSCHILD) banking system...England. 5 families that run the world! By arranged marriages: Royal Family is 75% Rothschild. View there family tree online. View Queen Elizabeth's family tree! Diana knew the truth!
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