The Fed at Jekyll Island: 100 Years Later, They're Baaack!

[Filthy Keynes]

The Fed at Jekyll Island: 100 Years Later, They're Baaack!
http://www.economicpolicyjournal.com/2010/11/fed-at-jekyll-island-theyre-baaack.html

[Twisted Titan]

"To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate..., producing an expansion of credit and a rising stock market; then when ... business men are adjusted to these conditions, it can check ... prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage, They also know when to stop panic. Inflation and deflation work equally well for them when they control finance."


Charles Lindberg Sr.








They smear their dark thievery in our faces.

[TheNocturnalEgyptian]

"Whoever controls the volume of money in our country is absolute master of all industry and commerce, and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate." — James A. Garfield, 20th U.S. president, two weeks before he was assassinated in 1881