I’d love to find out if I’ve got a handle on this scheme. I try to explain it to people and either their eyes glaze over or they can’t grasp the enormity of the nefarious nature.

So in 1913 Wilson pushed through legislation that was crafted by a private cartel, in gratitude for their magnanimity (campaign contributions) toward getting him elected. Nothing ever changes? Today among others, the ones in our face are the insurance and pHARMa industries. In 1913 it was private bankers. Except it wasn’t so much in the face. It was done surreptitiously. In point of fact, most of what Katherine Watt has detailed about Congressional Acts and EOs “legalizing” suppression of The People’s rights has been done surreptitiously.

https://bailiwicknews.substack.com/p/american-domestic-bioterrorism-program

Anyway, the act of Congress in 1913 “created” (in reality the bankers created the whole scheme) a private bank, the Federal Reserve Bank, and gave it the sole authority to issue the country’s currency. The Constitution gives only the federal government this authority. The act of Congress is unconstitutional or extraconstitutional or supraconstitutional but everybody pretends it’s lawful. Going on 110 years.

So the short answer to the question is, the FED is a private cartel, a corporation. Originally it was a handful of bankers and industrialists that set it up. They may or may not have been the only owners. There may have been other international individuals or business entities. I’m not sure anybody knows for sure. Same today; nobody knows exactly who the private owners are.

And the arrangement between the private bank and the US government is usurious. Which mystery has never been solved. Was Wilson’s election the *only* reason the bankers finally succeeded (after trying since the birth of the nation) in inserting their system in our government?

I’ll hold my take on the usury and the fraud of credit creation, with bank “loans”, fractional reserve banking.

Am I on the right track?