More Monetary Policy
2008-01-08 - 1:09 p.m.
before/after
strangely
non-functional guestbook
Assassination of President Garfield
President James A. Garfield was inaugurated in 1881 and was the second
American president to be assassinated. He was shot by Charles J.
Guiteau on July 2, 1881 and later died from medical complications on
September 19. Two weeks before being shot, President Garfield is
attributed with saying,
"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." (President James A. Garfield, 1881)
This site does a good job explaining
monetary policy and its importance to your life. It is something you
need to understand, or otherwise resign yourself to a life of slavery,
never knowing why.
Creation of the Federal Reserve
Over a period of ten days they drafted the Federal Reserve Act
that was voted on in Congress on Monday 22 December 1913 between the
hours of 1:30 am to 4:30 am when much of Congress was either sleeping
or at home with their families for the Christmas holidays. It passed
through the Senate the following morning and Woodrow Wilson signed the
bill into law later that same day at 6:02 pm. This Act transferred
control of the money supply of the United States from Congress as
defined in the U.S. Constitution to the private banking elite.
The deceptive terminology of the name was carefully chosen
because the American public did not want a central bank similar to
those in Europe. The Federal Reserve is not a federal governmental
entity nor is it a reserve, such as a governmental treasury, backing up
its currency. The Federal Reserve is a legalized cartel of the money
supply owned by private national banks, operating for the benefit of
the few under the guise of protecting and promoting public interests
(thx to Dollardaze.org)
|