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The Federal Reserve System 'explained' - The Mandrake Magicians of Money

osu68

Hall of Famer
Oct 19, 2007
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I realize this PDF is more than 40 pages of reading but it is worth your time. It really should "fill in the blanks about money, power and politics" for 99% of those who read it. Try it to see if you learn something new.

http://christianobserver.net/documents/creature-from-jekyll-island-by-edward-griffin.pdf

(Before making some inane, nasty and/or personal comments, read it ! Otherwise, remain typically uninformed. )

A sample:
"Let's talk briefly about what the objectives of the Federal Reserve System are. We've been told over and over again that the purpose of the Fed is to stabilize the economy. Right now with the interest rates going up, up, up what are we told? why are they doing that? Well, that's to stabilize the economy so we won't have massive inflation right? It's being done for us folks! Don't you feel just warm all over knowing that they're looking out for you? That's always the answer; the purpose of the Fed is to look out for us and stabilize the economy, put an end to banking anarchy and all that sort of thing. Right now the textbook that is most commonly used in our school systems in economics is a book written by Paul Samuelson and in that book here's what he says regarding the purpose of the Fed: "The Federal Reserve sprang from the panic of 1907 with its alarming epidemic of bank failures. The country was fed-up once and for all with the anarchy of unstable private banking." That's what the students are learning." (pgs 21 into 22 )
 
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