Reserve that helped cause, and prolong, the Great Depression of 1929. It is often overlooked that the Great Depression of 1929 came sixteen years after the Federal Reserve was supposedly created to prevent just such an occurrence. The truth is, without the Federal Reserve, it would not have happened. Congressman Charles Lindbergh (father of the famous aviator Charles Lindberg) referred to the Federal Reserve as, "the invisible government by the money powers." He also stated, "This act establishes the most gigantic trust onearth. .. |! Congressman Louis McFadden, chairman of the House Committee on Banking and Currency from 1920 When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure.” This system, referred to by Congressman McFadden, is a privately owned banking system. Although its name, the Federal Reserve, implies that it is government owned and controlled, it is so powerful that not even Congress has ever been able to have it audited, nor does anyone outside its banking circles know who owns the bank. 82 The Secret Side of History was the action, and then the inaction, of the Federal on earth... .! to 1931, later declared: