Handbook of Texas Online, Martin Donell Kohout, Clint, TX, accessed August 18, 2016, http://www.tshaonline.org/handbook/online/articles/hjc13. Uploaded on June 12, 2010. Published by the Texas State Historical Association.
One of the most ungodly and fraudulent institutions ever perpetrated on the American people and the world, is the Federal Reserve System which through deceit became the central bank of the United States in 1913. The idea came about on a meeting in Jekyll Island off the coast of Georgia in 1910.
The Reconstruction Finance Corporation (RFC) was established during the Hoover administration with the primary objective of providing liquidity to, and restoring confidence in the banking system.The banking system experienced extensive pressure during the economic contraction of 1929-1933.FC data are from Final Report on the Reconstruction Finance Corporation, Secretary of the Treasury, 1959. Currency data are from The Monetary History of the United States, 1867-1960, Friedman and Schwartz, 1963. Bank suspension data are from Federal Reserve Bulletin, Board of Governors, September 1937.