The Most Powerful Deep State Agency Which Can Surreptiously destroy a Presidency : THE FEDERAL RESERVE BOARD

[Contumacious]

Simplify matters by saying that it was a Deep State Creation

A Deep State Creation INDEED

(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.)

 

[Contumacious]

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.

That sounds like something the bastards would do - would appreciate a Link thanks

 

[Contumacious]

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

en.wikipedia.org

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.

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[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."

"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.

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.

HUH?

REREAD What you wrote , maybe you were high on some substance when you wrote it .

SO WHY THE **** CREATE THE FED IF "NO ONE SAID THAT THERE WOULD BE NO MORE PANICS "?!?!?!?!?!?!?!?

 

[Contumacious]

It was Nixon who took us off the gold standard in 1971. Hardly a "progressive".

Let me clarify some points concerning the GOLD STANDARD.

In 1971 Nixon took the US off the BRETTON WOODS SYSTEM WHEREBY PAYMENTS TO FOREIGN GOVERNMENTS WERE MADE USING GOLD AND SILVER

WE THE PEOPLE were stopped by FDR in 1935 from using OUR gold and silver as a domestic currency.

The MARXIST INSPIRED Federal Reserve Board separated WE THE PEOPLE from our gold and silver.

Another casualty of MARXISM.

 

[g5000]

A Deep State Creation INDEED

(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.)

If you are going to plagiarize the whackjobs at Lew Rockwell, you should at least give them attribution.

 

[g5000]

SO WHY THE **** CREATE THE FED IF "NO ONE SAID THAT THERE WOULD BE NO MORE PANICS "?!?!?!?!?!?!?!?

THE PERFECT IS THE ENEMY OF THE GOOD.

THE FED IS BETTER THAN WHAT CAME BEFORE.

 

[g5000]

Let me clarify some points concerning the GOLD STANDARD.

In 1971 Nixon took the US off the BRETTON WOODS SYSTEM WHEREBY PAYMENTS TO FOREIGN GOVERNMENTS WERE MADE USING GOLD AND SILVER

Our payments were made in gold. Silver, no.

Watch for a topic about Bretton Woods and the dollar as the world's reserve currency in the near future by me.

I will try to remember to tag you when I do.