I think that Jefferson and Hamilton debated this very much during the founding of our country. If I remember history correctly Jefferson was opposed to centralized bankers.
Here is a quote attributed to him with regard to the subject.
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
It's pretty amazing such a secrative private organization can continue to exist.
It's laughable to me when I read the "Economy is recovering slowly". The Economy is not recovering at all, nor will it.
At this point it is just math. The amount of debt far outweighs the ability of people to repay the debt on a personal and a governmental level.
The whole system is a pyramid scheme that has passed equilibrium.
Unfortunately the Bankers are going to hold Title to all property in the end. They will then abolish the current system, and create a new currency and a new system and start it all over again.
This is why it is so important to ACT now to put the Central Bank to rest permanently.
I hope America wakes up and sees through the politics. Conservatives have been trying to shame the working poor and shrinking middle class into believing that our government would rob the rich to give to the poor. However, the failure of the markets through recession and depression take more from the lower classes then they can recover from. That's not mentioning, 50 year mortgages, reverse mortgages payday loans and loaning to people who really don't qualify for the loan in the first place. I think living in society includes looking out for your neighbor, not robbing him.
by James Smith5 years ago
http://www.unelected.org/audit-of-the-f … t-bailouts"What was revealed in the audit was startling: $16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere...
by rakuba6 years ago
Does Existence of the Federal Reserve Contradict Free Market?
by Evan G Rogers5 years ago
I've been told numerous times that "creating money out of thin air" is a good thing. And when I argued against it, the "conscience of the liberal" told me I was ignorant.Then, when I pointed out that...
by Gary Anderson7 years ago
This guy is or was high up in the Fed. The fed is a PRIVATE bank, despite the lie on their website. The fed is owned by private stock and the US government owns none of that private stock. ...
by Castlepaloma11 months ago
Centro banks are on top of the pyramids worldwide Corperationism. Rothschild's may own half of the World's wealth. Greed is the greatest cause of untouchable intractable genocide and theif in all of human history. Take...
by GA Anderson2 years ago
Here is what the Federal Reserve describes as its charter:" The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was...
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.