It's a real thing. My understanding is not deep, but at the time it was criticized as creating "slavery by consent." It involved creating legal tender laws (before you could pay in gold, silver, barley or anything, as long as both parties agreed) and financing the republic after it was broke from the civil war. Basically it mortgaged the country, and in exchange the currency was controlled by European bankers through institutions that were later codified as the federal reserve. And DC was transferred to the corporation, but that last part I've only gotten from scuttlebutt here; I didn't read that anyplace. Fwiw.
It's a real thing. My understanding is not deep, but at the time it was criticized as creating "slavery by consent." It involved creating legal tender laws (before you could pay in gold, silver, barley or anything, as long as both parties agreed) and financing the republic after it was broke from the civil war. Basically it mortgaged the country, and in exchange the currency was controlled by European bankers through institutions that were later codified as the federal reserve. And DC was transferred to the corporation, but that last part I've only gotten from scuttlebutt here; I didn't read that anyplace. Fwiw.