In 1913 the Federal Reserve System was established. [1]
Beginning February 3, 1913 the 16th amendment to the US Constitution was ratified, authorising the Federal government to impose and collect income tax on individuals.
- On October 3, 1913 President Woodrow Wilson signed the Revenue Act of 1913 re-establishing Federal income tax.
Then on December 23, 1913 (the eve of Christmas, when many were already on holidays), President Wilson signed the Federal Reserve Act, known as the Currency bill. Now everything is in place giving a monopoly and control on the creation of money to a consortium of private banks, a system that was conceived in 1910 . [2]
This set up provided a monetary system that was doomed to fail from the start. By 2020 the promissory fiat currency has basically reached the end of it’s possible lifespan [2] [from what I’ve come to understand]. The COVID-19 pandemic provided an “opportunity” for a “Great Reset” and a push for the creation of a Central Bank Digital Currency (CBDC). The US trade currency, petro-dollar can’t “logically” be continued if the Climate Change alarmists want to eliminate oil, so Climate alarmism is helping create the justification for a currency reset…where everyone will own nothing, but be happy! Follow the Money!