Lots of media talk about bonuses.
Lots of media talk about bad banks.
But no talk about the institution that not only encouraged the bubble to form but fueled the fire.
The Federal Reserve Bank.
What is the Fed?
For starters, it's neither "federal" nor a "reserve" nor a "bank."
What is it then?
The answer may surprise you:
It's called the Federal Reserve Bank, but it's neither "federal" nor a "reserve" nor a "bank."
In actuality it's a privately owned entity that has monopolistic control over the US money supply.
Rammed down the throat of Congress during the WW I era (the same period that gave us personal income tax, the draft, and the Pentagon), the reality of the Federal Reserve has been one of the best kept secrets in America.
Until now.
Thanks to the Internet, and specifically video on the Internet, more Americans understand the reality behind the Fed than at any time since the Fed's creation.
Spread the word.
A country that leaves the control of its money supply in the hands of a few bankers is not a free country.
Thomas Jefferson and Andrew Jackson understood "The Monster". But to most Americans today, Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates. Dedicated to Murray N. Rothbard, steeped in American history and Austrian economics, and featuring Ron Paul, Joseph Salerno, Hans Hoppe, and Lew Rockwell, this extraordinary new film is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority. Alan Greenspan is not, we're told, happy about this 42-minute blockbuster. Watch it, and you'll understand why. This is economics and history as they are meant to be: fascinating, informative, and motivating. This movie could change America!
Wednesday, April 1, 2009
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