"I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world - no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but the Government by the opinion and duress of small groups of dominated men."You know who Woodrow Wilson was, right? He is the president who is on the $100,000 bill and rumor has it he got there because he was one of the key players that helped the Federal Reserve System into existence in 1913. Obviously, he was less than thrilled with how it worked out a mere three years later.
- Woodrow Wilson, 1916
Want to learn more about what the media calls "The Fed"? Back in 2002, I helped build a thread at the GNN forums all about the FR$. Most of the work was done by a guy called Gnostic Humanist and certainly deserves most of the credit. However, the GNN forums harbor some serious trolls who seem to be bent on ruining perfectly reasonable discussions simply because they don't deam them worthy of existence. As a result, after a long-ass run, the FRS 101 thread was peed down the leg of a few of these trolls. Thanks to a suggestion from Darios, another GNNer, I've set about trying to recreate the thread at a forum maintained by him. If you're interested in learning more, and you should be, please check out the new FRS 101 thread at the Upwingers forum.
I can't recommend reading all this stuff enough. It's so important that we all understand how our money works. Especially since most of us have no clue.
I asked my step-mother, who is an accountant, how the Federal Reserve works and she couldn't tell me.
When an accountant doesn't know how the place we get our money from works, I think there's a problem, don't you?
No comments:
Post a Comment