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68

Milton Friedman on the Central Federal Reserve Bank

“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,...

4 comments    business finance politics
69

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

"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...

6 comments    finance education politics
68

The U.S. Federal Reserve Bank and the Bank of England paid for the hostages in Iran according to the book Revelation$

Yesterday, I received a strange comment on one of my hubpage from a woman asking for help about her father who had been vice-president of Chase Manhattan Bank and had died mysteriously in 1998. I advised her...

4 comments    finance politics war
72

Colonel House - CFR founder, promoter of the League of Nations and President Wilson most influencial advisor

"Mr. House is my second personality. He is my independent self. His thoughts and mine are one." — President Woodrow Wilson quoted by Charles Seymour, The Intimate Papers of Colonel House,...

2 comments    finance education politics
67

Kennedy Executive Order 11110

On June 4, 1963, President John F. Kennedy signed Executive Order No. 11110 [see transcript below] that returned to the U.S. government the power to issue currency, without going through the Federal...

12 comments    finance money politics
63

John Kenneth Galbraith on the Central Federal Reserve Bank

-- 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...

1 comment    business finance politics
59

Ron Paul on Federal Reserve: the power to transfer wealth from the middle class to the rich class

The Federal Reserve Monopoly over Money April 9, 2007 Recently I had the opportunity to question Federal Reserve Chairman Ben Bernanke when he appeared before the congressional Joint Economic...

3 comments    business finance money
66

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

"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...

0 comments    business finance education
63

Why Democracy doesn't really matter as long as the People stay ignorant on One Single Issue

I've made my education in two engineering schools in France. I had the chance to get a deep financial education in the second one. Nevertheless it was a classical one and I was never told at school the real...

4 comments    business finance education
46

Former Federal Reserve Chairman Alan Greenspan, scored more than $8.5 million from Penguin Press

Former Federal Reserve Chairman Alan Greenspan, scored more than $8.5 million from Penguin Press.It is to be in U.S. stores by mid to late 2007. Major publishers are set to bid on the memoir of former...

5 comments    business finance politics
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