"Why would such an extremely small fraction of Americans be allowed to control the American money supply, especially given a history of greatly destroying the American dollar? Is it simply that we have no choice?"
Oh, we have a choice all right. The answer is the abolition of the Federal Reserve, the dissolution of the IRS and a return to the gold/silver standard and private banking. Something that neither candidate, McCain or O'Bama, would support in a million years.
This isn't something that's recent. The Federal Reserve Act and the 16th Amendment (the income tax) were both passed very secretly, and under clouds of suspicion, in 1913. The separation of the American citizen's honest money from gold was done as a "temporary" remedy to ease the "crisis" of the Great Depression. We have Democrat administrations to thank for all of this: Wilson and Roosevelt. Since then, our money has been socialized with government bureaucrats and a quasi-governmental agency, controlled by international bankers, setting the decreasing value of our money through inflation, and using that inflation as a hidden tax.
And by the way, the Federal Reserve is not the first centralized bank to be established in the U.S., its the third. President Jackson abolished the second one because of the same hijinks being pulled by the Federal Reserve today.
Here's some info:
President Jackson fights the U.S. Bank . . . and wins!!
President Jackson faced a far deadlier enemy than the British rifles when he reached the White House. That enemy was the moneychangers of the U.S. Bank. A central Bank was part of the scheme by the Spanish to strange the British colonies after their separation from Great Britain. The first Bank's charter was drafted in 1791 by the Congress, and signed by George Washington.
President Andrew Jackson
(President from 1829 to1837).The people loved the hero of the battle of New Orleans and elected him to the Presidency in the year 1829. He served his country in that high office for 8 years. Little did he know before taking the oath of office that he would face a far more dangerous enemy than ever he faced from the British muskets.
That ferocious enemy was the MONEY POWER represented by the U.S. Bank.
U.S. Bank headquarters in Philadelphia, Pennsylvania (circa 1836).Because of massive fraud and corruption, President Jackson was determined not to renew its charter when it expired in 1836. Fighting the British was child's play compared to fighting the moneychangers. His main opponent was Nicholas Biddle who was president of the Second Bank.
Nicholas Biddle, president of the U.S. Bank.
Biddle was Rome's agent in the United States . . . and her best brain. He graduated from the University of Pennsylvania at the age of 13 and from Princeton at 17. He mastered the secret science of paper money and banking at an early age.
He was head of the 2nd Bank of the U.S. With many Congressmen and Senators financially beholden to him, he wielded great political power. He deliberately created a banking panic and a depression for the purpose of frightening the voters and blaming it on President Jackson. Biddle was later arrested and charged with fraud but his powerful protectors shielded him from justice . . . in this life.
President Jackson's unflinching determination and unwavering patriotism prevailed against Biddle and his Bank. President Jackson called the Bank a monster and was determined to pull all its teeth. He said:
And our hero did exactly as he promised. When he left office, the U.S. had a real currency consisting of silver and gold coins. Our hero called paper money "RAG MONEY" and this is what he said about it:
"I am ready with the screws to draw every tooth and then the stumps."
The Federal Reserve or 3rd Usury Bank of the U.S.
"The paper-money system and its natural associations—monopoly and exclusive privileges—have already struck their roots too deep in the soil, and it will require all your efforts to check its further growth and to eradicate the evil."
The direct successor of this corrupt bank that President Jackson terminated is called the "FEDERAL" Reserve Bank. It is not FEDERAL and it has no reserves. It actually lends money at USURY to the U.S. government and as collateral the U.S. government collects INCOME TAX to repay the loans. Of course the corrupt bank only creates the PRINCIPAL . . . not the usury . . . so the loans can NEVER be repaid!!
Federal Reserve Bank headquarters in Washington City on Constitution Avenue!!
He who pays the piper calls the tune so the FEDERAL Reserve Bank has a virtual stranglehold on the entire country.
Usury is a form of economic warfare and is strictly prohibited by the Bible.
God did permit usury in the Bible but that was to help destroy the 7 wicked nations that inhabited the Promised Land.
Once those nations were destroyed, usury was outlawed by the Scriptures.