The most corrupt Bank in the world was created by Democrats do you deny it ?

The Federal Reserve Act was created and implemented by a Democratic administration under Woodrow Wilson. One year later the IRS and income tax was born, again under his administration. Why ? To guarantee that the Government would have the money to pay off its debt to this private institution. The FED basically forces the printing of money which it then takes and charges us interest for . Remember this is a private bank !! And they do not pay any income taxes what so ever on the income they derive from interest payments NONE! They have never had an external audit yet they hold all of gold reserves, their meetings are held in private without any outside scrutiny.-------------Think about we never had depressions or recessions of this magnitude until the advent of the FED is there a correlation ? Id say so.