Today marks the 109th anniversary of the creation of the Federal Reserve on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. The financial insiders rejoice this holiday season, as they have every Christmas Eve for the last 109 years, congratulating themselves on their stupendous fortunes and looking forward to a prosperous new year!
The letter claims that federal programs funding food stamps, unemployment insurance, “public” education, and student loans are authorized by the preamble. The letter claims the preamble makes social welfare programs “the very purpose of constitutional government”. All these claims are false.