OGBP3-PSL Episode 4 - Congress created the Federal Reserve and this Creature is too powerful to Die - Old Glory Bank Presents

In this hard‑hitting episode of Old Glory Bank Presents, host Mike Ring and co‑host John Rich travel back to the 1910 Jekyll Island gathering where Senator Aldridge and a handful of banking magnates drafted the blueprint for what would become the Federal Reserve. Drawing on Edward Griffin’s "The Creature from Jekyll Island," they reveal how the meeting was designed to shield a global bank cartel, not the American public.Mike explains why the Fed’s 12 regional banks are merely a façade for a single, unchecked power structure that prints money at Congress’s behest. He argues that inflation is not a mysterious Fed failure but the direct result of relentless congressional deficit spending, and that the real fix lies in curbing that spending, not in returning to a gold standard.John adds historical context, exposing how J.P. Morgan’s massive contributions to the 1912 Roosevelt campaign helped engineer Woodrow Wilson’s victory, paving the way for the 1913 Federal Reserve Act. He also connects the bank cartel’s influence to later political maneuvers, such as the Panama Canal handover, showing how the same elite banks have been bailed out and protected for over a century.The hosts debunk popular myths about central‑bank digital currencies and gold‑backed fiat, citing statutes that limit the Fed’s authority. They close with practical advice for listeners: focus political energy on ending congressional overspending, consider Bitcoin for its scarcity, and support a community‑focused institution like Old Glory Bank that refuses to cancel customers for their beliefs.Bold, unapologetic, and packed with historical detail, this episode equips listeners with the facts they need to understand why the Federal Reserve exists, who truly benefits, and what can be done to reclaim monetary freedom.

Categories: Money