"By the early 20th Century, the United States had already implemented and removed a few central banking systems, which were swindled [sic] into place by ruthless banking interests. At this time, the dominant families in the banking and business world were the Rockefellers, the Morgans, the Warburgs, and the Rothschilds. And in the early 1900s, they sought to push legislation to create another central bank. However, they knew the Government and public were very wary of such an institution. So they needed to create an incident to affect public opinion. So J. P. Morgan, publicly considered a financial luminary at the time, exploited his mass influence by publishing rumors that a prominent bank in New York was insolvent or bankrupt. Morgan knew this would cause mass hysteria which would affect other banks as well. And it did. The public, in fear of losing their deposits, immediately began mass withdrawals. Consequently, the banks were forced to call in their loans, causing their recipients to sell their property and thus the spiral of bankruptcies, repossessions and turmoil emerged. A few years later, Frederik Allen of Life Magazine wrote: 'The Morgan interests took advantage to precipitate the panic, guiding it shrewdly as it progressed...'
"Unaware of the fraud, the panic of 1907 led to the Congressional investigation headed by Senator Nelson Aldrich, who had intimate ties to the banking cartels and later became part of the Rockefeller family through marriage. The commission led by Aldrich recommended that a central bank should be implemented so a panic like 1907 could never happen again. This was the spark that international bankers needed to initiate their plan. In 1910 a secret meeting was held at the J.P.Morgan's estate on Jekyll Island off the coast of Georgia. It was there that the central banking bill called the Federal Reserve Act was written. This legislation was written by bankers, not lawmakers. This meeting was so secretive, so concealed from Government and public knowledge that a 10 or so figures who intended disguised their names when on route to the island. After this bill was constructed, it was then handed over to their political front man, Senator Nelson Aldrich, to push through Congress. And in 1913, with heavy political sponsorship by the bankers, Woodrow Wilson became president, having already agreed to sign the Federal Reserve Act in exchange for campaign support. Two days before Christmas, when most of Congress was at home with their families, the Federal Reserve Act was voted in and Wilson in turn made it law.
Years later [in a 1912 campaign speech] Woodrow Wilson wrote, in regret: 'Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom... We have restricted credit, we have restricted opportunity, we have controlled development, and we have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world--no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.'"
