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.
President Woodrow Wilson signed the Federal Reserve Act into law on December 23, 1913. Prior to the creation of the Fed, the U.S. economy was plagued by frequent episodes of panic, bank failures, and credit scarcity.