In exchange for financial support for his presidential campaign, Woodrow Wilson's agreed that if elected, he would sign the Federal Reserve Act. In December 1913, while many members of Congress were home for Christmas, the Federal Reserve Act was rammed through Congress and signed by President Wilson. Regarding his actions Wilson later admitted. "I have unwittingly ruined my country" . The Fed became law the day before Christmas Eve, in the year 1913, and shortly afterwards, the German International bankers, Kuhn, Loeb and Co. sent one of their partners here to run it. PRESIDENT WOODROW WILSON: "A great industrial Nation is controlled by its system of credit. 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 necessarily, by very reasons of their own limitations, chill and check and destroy genuine economic freedom." "We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the world - no longer a Government by free opinion, no longer a Government by conviction and vote of the majority, but a Government by the opinion and duress of small groups of dominant men". (Just before he died, Wilson is reported to have stated to friends that he had been "deceived" and that "I have betrayed my Country". He referred to the Federal Reserve Act passed during his Presidency.) The un-ratified 16th Amendment

The Constitution only allowed direct apportioned taxation amongst the States, so indirect Income Tax was initiated through the 16th Amendment so as to allow Congress to pay the bankers interest on our money and for any other whim. The 16th Amendment was pushed through without proper ratification in February of 1913. According to the two volume work by Bill Benson and Red Beckman , "The Law That Never Was" the 16th amendment, which created the IRS, was never properly ratified, not even by one state! These gentlemen traveled the then 48 states to verify that fact. So in a very real sense the income tax isn't legal, as many have proclaimed, but try not paying it and see how far you get before the Feds come after you and confiscate everything you own. World War I Started on June 28, 1914 as a direct consequence of the Formation of the Federal Reserve Bank. It would not have been possible to start World War I without the formation of the Federal Reserve Bank. The primary beneficiaries of WWI were the owners of the Federal Reserve Bank. After World War I had turned the United States from a debtor nation into a creditor nation. In the aftermath of the war, both the victorious Allies and the defeated Central Powers owed the United States more money than it owed to foreign nations. The Republican administrations of the 1920s insisted on payments in gold bullion, but the world's gold supply was limited and by the end of the 1920s, the United States, itself, controlled much of the world's gold supply. Besides gold, which was increasingly in short supply, countries could pay their debts in goods and services. However, protectionism and high tariffs kept foreign goods out of the United States. The Hawley-Smoot Act (1930) set the highest schedule of tariffs to date. In the January 13, 1918 issue of New York World William Boyce Thompson, Federal Reserve Bank director and founding member of the Council on Foreign Relations applauded Russia for their "sweeping world changes.". The primary shareholders of the Federal Reserve Bank, the Rothschild's, funded the Bolshevik revolution. They literally sent a train with 50 million dollars worth of gold and fifty or so trained Jewish insurgents to instigate the communist revolution. The Great Federal Depression. Within 15 years of the creation of the Federal Reserve Bank the U.S. experienced it's worst depression. The depression was initiated when the Federal Reserve Bank changed the valuation of the dollar then refused to provide banks with dollar bills causing a panic and a run on the banks. The primary beneficiaries of the depression were the owners of the bank and their colleagues. In the ensuing panic, the bankers brought one of their own out of retirement from the Morgan/Rothschild banking cartel and made him president. FDR has arguably, along with GWB and Lincoln have been the nations worst presidents.