The Most Powerful Deep State Agency Which Can Surreptiously destroy a Presidency : THE FEDERAL RESERVE BOARD
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Contumacious
Radical Freedom
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The Federal Reserve Act of 1913 created the Federal Reserve Bank with the following mandate:
An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
The Federal Reserve Must Die
US monetary policy as dictated by the Federal Reserve, says Jim Quinn, has been responsible for every financial crisis over the last 100 years. This is why it must be dismantled.
Contumacious
Radical Freedom
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Contumacious
Radical Freedom
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HUH ?
Not correct .
"It’s crucial to understand that the push for central banking was part of the Progressive Era feature of business partnering with government in its war against competition.
Big bankers’ goal in reform was a law that would authorize a central bank to create a more inflatable (“elastic”) currency and control uniform rates of inflation among member banks. In this way banks would avoid currency drains and hoped to reduce the likelihood of those dreaded and embarrassing bank runs."
How the Bankers Outfoxed the Politicians - LewRockwell
Since the job that was actually assigned to [the Fed] by Congressman Carter Glass back in 1913 is now vestigial and long gone, and the financial system has been flooded with massive liquidity for decades on end, it might well be time to declare victory and let the free market take care of jobs...
www.lewrockwell.com
Contumacious
Radical Freedom
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If you want bto know about economics you don't go to wikipedia - you listen to an ECONOMIST
I am an Assistant Professor at the Department of Economics at the University of Copenhagen.
John V Kramer
I am an Assistant Professor at the Department of Economics at the University of Copenhagen. I received by PhD from the Institute for International Studies (IIES) at Stockholm University in 2022. Prior to my time in Stockholm, I completed my undergraduate studies at Maastricht University and worked
sites.google.com
(The Panic of 1907, , was largely manufactured by the nation’s more powerful bankers to whip up public support for a new central bank, leading to the creation of the Fed in 1913. Despite propaganda to the contrary, the Fed wasn’t created by wise bureaucrats and politicians to "stabilize" the economy from the problems caused by the market; it was designed, like most government regulations, by the ruling elite to give themselves power, profit levels, and competitive advantages they would be unable to attain on the market, through voluntary exchange — specifically, in the case of the creation of the Fed, to forcibly cartelize the banking industry, fund government expansion without overt increases in taxation, and to fraudulently inflate currency and credit without suffering the natural consequences that would arise on the market from such activity, like bank runs and failures. As Murray Rothbard explained, lack of bank runs and failures should be cause for grave concern, not for celebration; banks should be no less prone to failure than any other business.)
The other panics are all discussed therein
Tom Woods vs. the Fed - LewRockwell
There are three good rules-of-thumb to remember when following current events or studying history: 1. No one in government ever takes responsibility for anything. When has a politician or bureaucrat, except for Ron Paul, indicted some past governmental measure as causing or exacerbating a...
www.lewrockwell.com
pknopp
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The FED didn't end bank runs. FDIC did.
luiza
Diamond Member
Simplify matters by saying that it was a Deep State Creation , and by deliberate action its creation is related to the Fake Titanic sinking .
It allowed many of the International Bankers and all powerful figures to Fake their own deaths , keep them distanced from the future Federal Reserve Private Club -- as well as rob the Insurance companies .
A great scam which likely used the Titanic's twin sister ship as a matter of trivia information .
Normies of course will continue to believe that the ship accidentally hit an iceberg with the Captain responsible for some strange decisions .
Good luck with that fairy story .
Toddsterpatriot
Diamond Member
The FDIC helps liquidate a bank after it fails, the Fed provides the liquidity, as lender of last resort, to make sure bank failures don't spread and result in a failure of the banking system.
pknopp
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FDIC insured you would get your money so there was no need to make a run on a bank.
The Federal Reserve Act was enacted and the people involved said there would be no more recessions and depressions. The Great Depression was the longest one that ever lasted. On purpose.
g5000
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Nope. The longest depression was the Long Depression. That's why it is called The Long Depression.
It was originally called the Great Depression in the same way WW1 was originally called The Great War.
Great Depression - Wikipedia
The Long Depression was a worldwide price and economic recession, beginning in 1873 and running either through March 1879, or 1899, depending on the metrics used. It was most severe in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War.
.
[snip]
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While it was occurring, the view was prominent that the British economy had been in continuous depression from 1873 to as late as 1896 and some texts refer to the period as the Great Depression of 1873–1896, with financial and manufacturing losses reinforced by a long recession in the agricultural sector
And no one said there would be no more recessions or depressions after the Fed was created.
The Fed was formed because of the panic of 1907 when the economy was saved by chance by JP Morgan.
There had been too many and too frequent and too long-lasting recessions and depressions before that and 1907 was the last straw.
Since the forming of the Fed, they have been fewer and farther between.
"The perfect is the enemy of the good."
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Toddsterpatriot
Diamond Member
Right, but even with the FDIC, people stood in long lines to pull out their deposits at Silicon Valley Bank
and First Republic Bank.
The Fed insured the banks could get more liquidity, so a run wouldn't spread and cause them all to fail.
Toddsterpatriot
Diamond Member
The Federal Reserve Act was enacted and the people involved said there would be no more recessions and depressions.
They never said that.
The Great Depression was the longest one that ever lasted.
Yeah, the Federal Reserve really fucked that one up. And FDR.
g5000
Diamond Member
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Because they had more than the insured amount in the bank. They were venture capitalists' money.
The FDIC ended up making them whole anyway.
Separate rules for the rich.
g5000
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As a regional bank in the San Francisco Bay Area, SVB offer[ed] services specifically designed to meet the needs of the tech industry, and soon became the largest bank by deposits in Silicon Valley and the preferred bank of almost half of all venture-backed tech startups
en.wikipedia.org
Silicon Valley Bank - Wikipedia
Toddsterpatriot
Diamond Member
Biden didn't want a bank panic to ruin his chances for 2024.
g5000
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Stop making shit up. Your previous post got debunked and now you are moving the goalposts.
And as I recall at the time, your type was thrilled a nationwide banking collapse was about to happen.
You are wrong. The civil war had fiat currency to pay it off. And there was the payback after it. The foreign bankers caused the civil war. They used slavery as the reason. They wanted a fiat currency in a major nation in the western hemisphere. Dividing the United States would have given them their inroads. It took until 1913 to get it. Gold and Silver backed currency was deemed to be barbaric. We went to war just a few years later. The Federal Reserve Printed massive federal reserve notes that caused the roaring twenties. Then they tightened is in a hard way with a skittish stock market. Somehow, we had at least a decade of depression, and it pushed people to e ready for war. Of course, FDR helped it along and he guided us into the 2nd World War. Two depraved Progressive Socialist Communists. Wilson and FDR.Nope. The longest depression was the Long Depression. That's why it is called The Long Depression.
It was originally called the Great Depression in the same way WW1 was originally called The Great War.
Great Depression - Wikipedia
The Long Depression was a worldwide price and economic recession, beginning in 1873 and running either through March 1879, or 1899, depending on the metrics used. It was most severe in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War.
.
[snip]
.
While it was occurring, the view was prominent that the British economy had been in continuous depression from 1873 to as late as 1896 and some texts refer to the period as the Great Depression of 1873–1896, with financial and manufacturing losses reinforced by a long recession in the agricultural sector
And no one said there would be no more recessions or depressions after the Fed was created.
The Fed was formed because of the panic of 1907 when the economy was saved by chance by JP Morgan.
There had been too many and too frequent and too long-lasting recessions and depressions before that and 1907 was the last straw.
Since the forming of the Fed, they have been fewer and farther between.
"The perfect is the enemy of the good."
g5000
Diamond Member
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Wow! A conspiracy theory with a conspiracy theory filling inside a conspiracy theory wrap!
Toddsterpatriot
Diamond Member
Which post got debunked? Where?
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