"The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe."
Clearly, a public central bank is a subject many go to great lengths to avoid today. In fear for their status and position they quickly poo-poo the idea – and this, as if the founders were idiots.
Yet, in this crisis, for the first time in my memory we have more people now realizing the real nature of the problem - and so considering the very idea of a public central bank and returning to a Constitutional setup. Already, the massive debt and interest is public while the very malady-causing institution remains private and without audits of either institution or its mega-rich and powerful owners. To complete the coup, members of its own fed-owning institutions (Goldman-Sachs, et.al.) serve as "our" Treasury Secretaries in what is a massive conflict of interest and ongoing effort to prevent any real public interest or power in their system.
As with any real reform, it takes outsiders to first broach the issue and then courageous legislators, journalists and media types to even discuss the possibility and reach the people. But have you ever seen a debate or read a thourough discussion of a public central bank in your newspaper or in the major media? Clearly not in this well-oiled oligarchy we call the USA.
Today, however, the time is ripe and the issue is emerging. Like Holocaust deniers, however, there are those who pretend that a public central bank is somehow not possible or advisable, and so they run from the topic and even seek to punish those who pursue the issue.
Nevertheless, their arguments fly in the face of those who wrote our Constitution and purposely gave the money creation powers to Congress, the people’s body – specifically so we would not be buried in interest-bearing debt, bailout costs, and beholden to bankers for the nation’s livelihood and advancement.
Centuries of planned "panics," depressions, and recessions - all of which have caused immense enrichment for the few and immense loss to the nation and costs to future generations - have resulted in mind-boggling levels of interest bearing debt, inflation, and currency value destruction now bringing the nation to a financial armageddon.
It is time we extricate ourselves from this costly, self-defeating, and utterly oligarchic system. Demand that your representative act, not to give greater powers to the banking elite, but seek to return the "Federal" Reserve stock and powers to We, The People.
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