In 1913, six of America’s most powerful individuals met secretly on a private island off the coast of Georgia to create a plan for a new U.S. Central Bank. This bank became the Federal Reserve and has been the world’s most powerful bank for over a century. Central Banks generate perpetual profits and never sustain losses, creating money whenever they want and distributing it unfairly to bankers, bureaucrats, and big businesses. This unequal distribution of money causes injustices in society known as the Canton effect, where the wealthy get richer while others miss out on arbitrage opportunities to buy assets before prices rise.
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The Secret 1913 Meeting that Changed the U.S. Economy Forever
The Secret Meeting
In 1913, six of the most influential men in the United States held a private meeting on Jekyll Island, Georgia. The purpose of the meeting was to create a plan for a new U.S Central Bank. This bank became known as the Federal Reserve and has been the most powerful bank in the world for over a century.
Central Bank in a Nutshell
A Central Bank is an institution that can generate perpetual profits and never sustain any losses. It has the power to create money whenever it wants and unfairly distributes it to bankers, bureaucrats, and big businesses. This unequal distribution of money has led to financial advantages for the elite and is a key driver of injustices in our modern society, known as the Canton Effect.
The Unfair Advantage
Bankers, bureaucrats, and big businesses are the first to receive new money that enters the economy. This gives them significant financial advantages over the rest of society. They have access to arbitrage opportunities, meaning they can buy assets before prices rise, while the rest of society is left to watch prices increase. This cycle of injustice perpetuates the divide between the wealthy and the poor.
In conclusion, the creation of the Federal Reserve in 1913 forever changed the U.S. economy. The Federal Reserve’s power to create money and distribute it unfairly is a source of financial advantages for the elite and a driver of economic injustice. The Canton Effect continues to widen the wealth gap, and it is up to society to demand change.
