Friends, it’s time we talk about something that affects every single one of us: the Federal Reserve. This secretive, unelected institution controls our money, our economy, and, in many ways, our lives. I believe it’s not only unconstitutional but also a danger to our freedom. The Federal Reserve Act of 1913 was a mistake that needs to be undone. Let me explain why, with historical facts to back it up.
The Constitution Says No to Central Banking The U.S. Constitution is clear about who should control our money. Article I, Section 8, Clause 5 gives Congress the power “to coin Money, regulate the Value thereof, and of foreign Coin.” That’s it. The power to create and manage money belongs to our elected representatives, not a private banking cartel. The Federal Reserve, created in 1913, is a quasi-private institution—a hybrid of government and private bankers—that operates outside the direct control of Congress or the people. This setup violates the Constitution’s explicit delegation of monetary power to Congress.
The Founding Fathers knew the dangers of central banks. Thomas Jefferson warned, “If the American people ever allow private banks to control the issue of their currency… the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless.” James Madison called concentrated banking power “a great evil.” These men fought for a republic where power was accountable to the people, not to unelected elites. The Federal Reserve flips that principle on its head.
The Shady Origins of the Federal Reserve Act Let’s go back to 1913. The Federal Reserve Act wasn’t passed in the light of day with broad public support. It was crafted in secret by powerful bankers and their political allies. In 1910, a group of banking tycoons—including representatives from J.P. Morgan, Rockefeller, and Warburg—met on Jekyll Island, Georgia, to design a central bank that would protect their interests. They didn’t want a fully government-controlled system; they wanted a bank that gave them influence over the nation’s money supply while shielding them from public scrutiny.
The result was the Federal Reserve Act, rushed through Congress just before Christmas in 1913 when many lawmakers were absent. President Woodrow Wilson signed it into law, later admitting regret: “I have unwittingly ruined my country.” This wasn’t a democratic triumph—it was a power grab by financial elites.
Why the Fed is a Problem The Federal Reserve controls the money supply by printing money and setting interest rates, which impacts everything from your grocery bill to your mortgage. But here’s the kicker: it’s not accountable to you or me. The Fed’s Board of Governors and its regional banks include private bankers who prioritize profits over the public good. Since 1913, the dollar has lost over 95% of its purchasing power due to inflation, much of it driven by the Fed’s policies. Meanwhile, the national debt has skyrocketed, partly because the Fed enables deficit spending by buying government bonds with freshly printed money.
The Fed also fuels inequality. Its policies, like quantitative easing, pump money into financial markets, boosting stock prices and benefiting the wealthy while everyday Americans face rising costs. The Panic of 1907, which bankers used to justify creating the Fed, was itself orchestrated by Wall Street to consolidate power. The Fed didn’t fix economic instability—it institutionalized it.
Historical Voices Against the Fed I’m not alone in this fight. Throughout history, patriots have opposed central banking. Andrew Jackson, in the 1830s, fought the Second Bank of the United States, a precursor to the Fed, calling it a “den of vipers” and refusing to renew its charter. His victory returned monetary control to the people’s representatives. In the 20th century, Congressman Louis McFadden, who chaired the House Banking Committee, exposed the Fed’s dangers, saying it was “one of the most corrupt institutions the world has ever known.” Even today, figures like Ron Paul have called for auditing and abolishing the Fed, echoing the Founders’ warnings.
Why Abolish the 1913 Law? Repealing the Federal Reserve Act would restore constitutional authority over money to Congress. It would end the Fed’s ability to manipulate the economy for the benefit of a few. We could return to a sound money system—backed by gold or silver, as the Constitution implies—to stabilize prices and protect savings. Without the Fed, the government would have to live within its means, reducing the debt burden on future generations.
What Can We Do? This isn’t just history—it’s our future. We need to spread the word, demand accountability, and push our leaders to audit the Fed and repeal the Federal Reserve Act of 1913. Share this post, talk to your friends, and contact your representatives. Let’s take back control of our money and our country.
Together, we can end this unconstitutional system and build an economy that works for all Americans, not just the elites. Who’s with me?
Written by -Christian Phillips
Constitutional patriot Blog 
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