- Sep 10, 2001
Didn't it also receive a vote by Congress, during a Christmas recess? I remember reading something about that... I really despise this loophole in our congress- democrats/republicans alike taking advantage of certain recesses to pass things that would not normally pass given full attendence.Originally posted by: XZeroII
The federal reserve system was created by President Wilson. On his deathbed, he admitted that he completely ruined this country when he signed it into action (not in those exact words, but similar words).
Only Congress has the right to coin money, so literally speaking, the Federal Reserve is unconstitutional. It didn't mention anything about Congress has the right to appoint a private party the right to coin money.