Nov 14, 2012

The Fed doesn't own the US government (video)

Popular ideas aren't always correct ideas! So standing corrected am I as the following video explains a few things about the Federal Reserve Bank of the United States:

Given today's conspiracy-theory-laden atmosphere, and if the above information is indeed the case, it might have been much smarter of the politicians and big bankers back in 1910 not to have met in secret on Jekyll Island, Georgia (where they'd travelled incognito by midnight train from New York) to set up their plans for a Central Bank in the US, something that many lawmakers of the day opposed.

Due to the Fed's beginnings in extreme secrecy (and the Federal Reserve Act passed in December 1913 when most lawmakers had left Washington for the holiday break)--plus, the bubbles-n-busts that have followed--it's become difficult at best for many Americans to view the Fed as an above-board institution that isn't 'up to something' such as a larger agenda that is not in the best interests of the Little Guy.

My thanks to Online MBA.com for the heads-upon this video.


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