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65

Milton Friedman on the Central Federal Reserve Bank

by thecounterpunch

“The Federal Reserve definitely caused the Great Depression by contracting the amount of money in circulation by one-third from 1929 to 1933.” -- Milton Friedman, Nobel Prize winning economist,... published 15 months ago

1 comment    business finance politics

72

Nelson Aldrich: the Rockefeller's Middle Man who crafted the Income Tax and the Central Federal Reserve System

by thecounterpunch

"There are two distinct classes of men...those who pay taxes and those who receive and live upon taxes." -- Thomas Paine (1737–1809), pamphleteer and revolutionary "You know, gentlemen, that I do not owe... published 15 months ago

0 comments    business education finance

58

John Kenneth Galbraith on the Central Federal Reserve Bank

by thecounterpunch

-- John Kenneth Galbraith From his last book The Economics of Innocent Fraud : The Fed, for all its power and prestige, effectively does nothing, says Galbraith. In his view, America's Federal... published 15 months ago

0 comments    business finance politics

65

Jesus, the Astrological Zodiac and the Ancient Egyptian Religion

by thecounterpunch

Part One: The Greatest Story Ever Told This is the sun. As far back as 10 thousand B.C.E., history is abundant with carvings [M] and writings reflecting... published 8 months ago

10 comments    education finance money

57

[Must-See Video] King Henri I vs the Money Changers and the origin of Plutocracy

by thecounterpunch

If you want to understand why we have today a system of Plutocracy (degree of high economics inequality and low social mobility), study history but as it is difficult by yourself this video is an excellent... published 8 months ago

0 comments    education finance history

63

Did the $4.8 billion loan from the IMF to Russia finance the Chelsea football club and the Runicom trading group

by thecounterpunch

From the Times: For the first time, the Swiss have revealed why they were forced to abandon their investigation: Russia and the United States, it has emerged, refused to divulge what they knew about the... published 15 months ago

0 comments    education finance politics

The war left US in debt... Hamilton suggested the First Central Bank.53

First Bank of the United States: the first US Central Bank

by thecounterpunch

The First Bank of the United States was needed because the government had a debt from the Revolutionary War, and each state had a different form of currency. It was built while Philadelphia was still the... published 15 months ago

0 comments    education finance history

62

John Law the financial genious crook, responsible for the Mississipi Scheme and the Fiat Money based on Credit

by thecounterpunch

John Law (1671 - 1729), born in a scottish banking family, was an adventurer, gambler and financial genius Crook. After the death of his rich father, he became addicted to gambling losing most of the wealth... published 15 months ago

0 comments    education finance politics

60

the Federal Reserve Bank of New York

by thecounterpunch

The Federal Reserve Bank of New York is the only one having a permanent voting seat on the Federal Market Committee. According to researcher Eric Samuelson as of November 1997, it has 19,752,655 shares... published 15 months ago

1 comment    education bank federal reserve

64

Federal Reserve Act: the most Influential Act in US/World History since the Constitution

by thecounterpunch

"In his final Senate years, Aldrich chaired the National Monetary Commission. His Aldrich Plan, providing for flexible cash reserves, was the forerunner of the Federal Reserve System." -- Senate.gov "This... published 15 months ago

2 comments    education finance politics

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