"Give me control over a nations currency, and I care not who makes its laws.” Baron M.A. Rothschild.
Even a 12 year old can explain how the scam works!
Although light hearted and amusing, very accurate description of how fractional reserve banking works.
The greatest transfer of wealth known to man!http://www.youtube.com/watch?v=
A more serious look at the FED and its history
So one thing is we must keep an open mind, listen to others and accept that there is no black and white, and as such change our views when we are presented with substantiated alternative views.
My initial post, accurate as it is of the current FED, however does not put the FED into perspective of what it was set up for nearly 100 years ago - times have changed. At the time money was largely physical! They even used to have $10000.00 bills! Bet now many of you knew that! If you need to shift money around to avoid a bank run I suppose much easier than $1.00 bills!
Another good concept was to separate the economy from the state which if we look through history makes complete sense! No government to date has stopped the boom bust cycle and has not even been capable of even controlling inflation without huge swings!
Yet we still give them the authority and listen to their bullshit!
Interesting piece on history of money, central banking, FED and reserve currencies.