Glenn Beck breaks down the creation of the Federal Reserve created

Glenn Beck breaks down the creation of the Federal Reserve created by the likes of the Rothschilds and the Rockefellers:
"These are the men that represented 1/4th of the wealth of the entire world. The Morgans, the Rockefellers, the Warburgs, The Rothschilds all in one room.. They all had come together to form a banking cartel so they didn't have to compete against each other.
Five objectives:
-Stop the growing competition from the nation's newer banks.
-Obtain franchise to create money out of nothing for the purpose of lending.
-To get control of the reserves of all the banks.
-Shift the losses from the bank owners to the taxpayers.
-Convince congress that the purpose was to protect the public."