Wednesday, March 18, 2009

FINANCIAL EDUCATION SERIES - FEDERAL RESERVE

THE FEDERAL RESERVE 101











THIS VIDEO IS HIGHLY CONTROVERSIAL AND IS A LIBERTARIAN VIEW OF THE FED

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OTHER CRITICISMS OF THE FED:

-Henry Ford
"Banking was conceived in iniquity, and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen, they will create enough deposits, to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But if you wish to remain the slaves of Bankers, and pay the cost of your own slavery, let them continue to create deposits."

-Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982
"Those who create and issue money and credit direct the policies of government and hold in the hollow of their hands the destiny of the people."

-Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802) 3rd president of US (1743 - 1826)
[The] Bank of the United States... is one of the most deadly hostility existing, against the principles and form of our Constitution... An institution like this, penetrating by its branches every part of the Union, acting by command and in phalanx, may, in a critical moment, upset the government. I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation, or its regular functionaries. What an obstruction could not this bank of the United States, with all its branch banks, be in time of war! It might dictate to us the peace we should accept, or withdraw its aids. Ought we then to give further growth to an institution so powerful, so hostile?

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1 comment:

Elaine said...

**********You absolutely must read this:
"Why the U.S. Has Launched a New Financial World War -- and How the Rest of the World Will Fight Back"

http://www.alternet.org/story/148481/why_the_u.s._has_launched_a_new_financial_world_war_--_and_how_the_rest_of_the_world_will_fight_back_