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Non-Tech : The Federal Reserve & Greenspan
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To: nihil who wrote (2)11/2/1999 9:17:00 AM
From: Stormweaver  Read Replies (1) of 4
 
I'm currently reading the Cliff Ford's book on "Blood, Money, Greed - the money trust conspiracy". It's an eye opening tale to say the least! The first chapter is riveting as he explains the true roots of the FED - here's some of my rough notes:

- banking was born first; money second
- bankers realized they could loan out more receipts than gold on deposit; creating wealth out of nothing (first idea of a fractional reserve)
- failure to pay back the ficticious wealth meant they confiscated real-wealth
- depressions could be created by reducing receipts in circulation
- through Rothschild family power/wealth (the
"panics" created by restricting currency availability) the U.S. was conditioned into accepting federally chartered banks as issuers of currency (National Banking Acts); seed of central banking and making banks more powerful as they confiscated real wealth for defaulted loans.
- 1913 creation of FED: barter system replaced by fractional reserve; the Federal Reserve Act was sneakily put before the house on Dec 23 1913 (when most were on vacation)

Excellent reading so far. Net-net, the world is controlled by a mainly European lead banking cartel ; "the guys with the gold make the rules" all others are just public figure heads.

James
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