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OnThisDayTech @OnThisDayTech - ON THIS DAY in Tech – December 23, 1913
FEDERAL RESERVE ACT SIGNED INTO LAW
112 years ago TODAY, President Woodrow Wilson put pen to paper and created the Federal Reserve System—the new central banking system that would forever change how America handles money, credit, and crises.
Born from the ashes of the 1907 banking panic, the Fed was sold as the solution: elastic currency, stable banks, and a lender of last resort.
But fast-forward to 2025, and the numbers tell a deeper story:
The US Dollar’s Collapse:
Since 1913, the U.S. dollar has lost over 97% of its purchasing power. $1 in 1913 buys about 3 cents worth of goods today.
Debt explosion:
National debt in 1913: $2.9 billion
Today (December 2025): $38.4 trillion
That’s a mind-numbing circa 1,324,000% increase.
And who do we owe it to?
- About $8 trillion is intragovernmental (Social Security, Medicare trust funds—future taxpayers)
- The Federal Reserve itself holds $5–6 trillion in Treasuries
- Domestic investors (pensions, banks, funds): the biggest slice
- Foreign nations: $8.5–9 trillion (Japan #1, China #2)
Most of the debt is owed to... ourselves, our institutions, and allies who park savings in the world’s “safest” asset.
Yet here’s the head-scratcher that keeps people up at night:
How does a planet overflowing with resources, human ingenuity, and abundance rack up tens of trillions in debt based on a currency with no intrinsic value—just paper (now mostly digits) backed by nothing but collective trust?
Critics call it the ultimate sleight of hand: a fiat system where money is created through debt, deficits fuel growth, and inflation quietly taxes savers. Supporters say it unlocked unprecedented prosperity, innovation, and crisis-fighting power.
One signature on a winter day in 1913.
A century later, the debate burns hotter than ever.
Who are we really in debt to?
And can endless debt on worthless money last forever on an abundant Earth?
The day modern money was born—and the questions began.
https://x.com/OnThisDayTech/status/2003387420725719121
OSINTdefender @sentdefender - The Caribbean Sea and Puerto Rico aren’t the only locations where the ongoing military buildup directed at Venezuela is taking place, with recent aerial imagery of MacDill Air Force Base in Tampa, Florida, showing a major buildup of aircraft, including 2 E-3C “Sentry” Airborne Early Warning and Control (AEW&C) Aircraft and 28 KC-13R “Stratotanker” Aerial-Refueling Tankers, most with the 6th Operations Group stationed at MacDill.
Photo credit: @flyrogo
https://x.com/sentdefender/status/2002923217959145586
Paul A. Szypula @Bubblebathgirl - The full truth is Democrats didn’t even pretend to care about the Epstein victims under Joe Biden.
Why don’t you ever mention that, Mr. Paul?
https://x.com/Bubblebathgirl/status/2003131733076849001
ThePersistence @ScottPresler - I know I keep saying it over & over, but the voter ID signatures for Washington State are due on January 2nd.
Kept my promise about fighting for election integrity.
https://x.com/ScottPresler/status/2003309958277087676
Pete Hegseth @PeteHegseth - 💯
https://www.foxnews.com/politics/trump-admin-pausing-all-off-shore-wind-project-construction-due-to-national-security-concerns
https://x.com/PeteHegseth/status/2003290332059042219
Peter A. McCullough, MD, MPH® @P_McCulloughMD - No Credible Physician-Scientist Can Claim Spike Protein Is Benign
Long-lasting foreign protein causes inflammation, autoimmunity, tissue damage and is responsible for post pandemic syndromes. Vaccine super loading of Spike protein via mRNA is reckless and dangerous by design. Ignoring it can be fatal. Courtesy Josh Axe Show. @ScottGottliebMD @DrCaliff_FDA @MartyMakary @drjoshaxe @McCulloughFund
https://x.com/P_McCulloughMD/status/2003239326402887868
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