Yesterday, over 200 protesters gathered outside of the Federal Reserve Bank in downtown Minneapolis to protest the private banking cartel. Equipped with diverse signs slamming the Federal Reserve's monetary policy and the government-backed Bailout moves, citizens of Minnesota held up signs and handed out leaflets to drivers and passerbys on Hennepin Avenue. In addition, several speakers roused the crowd to moments of great cheer in epic fashion in denouncing the private war-funding machine which has nearly bankrupted the United States in the 21st century.
The Federal Reserve System was created in 1913 with the passage of the Federal Reserve Act. It was voted on secretly at night during a late winter holiday lame-duck session. Usurping the right for the federal government to coin money, the act allowed for a collusion of private banks to control the printing of money as well as the monetary policy of the United States. Since the Federal Reserve Act, the dollar has lost over 98% of its real value.
While President Wilson later decried his signing of the bill as a grave mistake and a threat to liberty, the federal government has yet to regain its authority in coining money. Many argue that the bill, also tied with the creation of the federal income tax, was never properly ratified by the states.
Sponsored by the End the Fed protests which took place in 39 cities across the nation, the crowd included the bulk of libertarian-minded Ron Paul supporters as well as social liberals. Slogans that were shouted slashed at the myths of the American political scene and attacked the corporate-state agenda that has prevailed in recent times. In addition, the Campaign for Liberty had a "warm up" bus on hand; providing breaks for protesters that staid late into the dark afternoon.
Some moments of great praise were had; one great exultation sprung from an End the Fed kite which flew over the Federal Reserve Bank private premises. Also, a Ron Paul Revolution flyer plane navigated high above the Mississippi. There was much in the air, and with the frequent and excited honks of fellow citizens, much was to be wanted. Many positive signs gave hope that such a rally is influencing the way Minneapolis thinks; the need for more of its kind and is strongly apparent.