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Federal Reserve System: Difference between revisions
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The Federal Reserve System, serving the interests of the banking community, exercises the unilateral right to expand and contract the supply of money and credit and create periods of boom and bust. The ramifications of this state of affairs are almost beyond calculation. Today we could have a financial collapse worse than the Great Depression of the 1930s. And we know that the power elite used the depression to concentrate power in the central government. | The Federal Reserve System, serving the interests of the banking community, exercises the unilateral right to expand and contract the supply of money and credit and create periods of boom and bust. The ramifications of this state of affairs are almost beyond calculation. Today we could have a financial collapse worse than the Great Depression of the 1930s. And we know that the power elite used the depression to concentrate power in the central government. | ||
== Establishment == | |||
[[File:1280px-Jekyll Island Club 1.JPG|thumb|Jekyll Island Club, location in 1910 of the secret meeting where bankers drew up plans for a central bank for the U.S.]] | [[File:1280px-Jekyll Island Club 1.JPG|thumb|Jekyll Island Club, location in 1910 of the secret meeting where bankers drew up plans for a central bank for the U.S.]] | ||
In his work ''The War on Gold'', Antony Sutton explains: | In his work ''The War on Gold'', Antony Sutton explains: | ||