"With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned "central" bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation, including America, has fallen prey to this cabal of international central bankers." -Quote from the synopsis of the video. Yep, looks like a "true" account with a good unbiased viewpoint based upon sound historical facts.
Yeah, the reckless gov't is exposed, then punished, the people of the country suffer immeasurably.......some benefit.
in a democracy to a large extent (via vote etc) the Gvt = the people... its up to you to get involved pal, or wait for the bread to be put in yr mouth everyday... cld be a long wait
I don't have any issues with the concept of centralized banks. I just think they should be government institutions rather than privately owned. A large portion of the US debt is to pay interest to the Fed in order to use our OWN money!
its a tad more complex than you think... have a read: http://en.wikipedia.org/wiki/Federal_Reserve personally i can't see much of a problem with this structure... but not saying it can't be improved on either...
When was the last time the government did any efficiently or well? You really think the government can do anything better than a private institution? Some people here have a lot more confidence in governments than I do.
There's a difference between ownership and management. Yes, government management structures are inefficient due to the large numbers of procedures and checks & balances. That's fine and the Fed effective IS government-regulated in that its officers are government-appointed. It moves in small carefully-defined minute steps in managing monetary-policies. It certainly doesn't operate like a private institution. What I'm pointing to is the ownership of the Fed and it really should be a government entity with no interest and profits being paid to private parties. Management structures won't change either way. Woodrow Wilson: "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world - no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."
ok, so i vote for one of 2 presidents, my vote probably gets counted but ultimately arbitrated by an appointed supreme court, the 'winner' then appoints a fed governor ... and i'm somehow represented in money creation?
I think that was one of the key themes of the documentary. The fact is that most central banks are privately owned, yet pretend to be government entities. The central banks have power to cause booms & busts, it has been made very clear and accepted that the Great Depression was caused by the Fed tightening the money supply to extreme levels. BTW, does anyone else see anything fishy about the fact that JFK, Lincoln, Garfield and Jackson were very strong opponents of a private central bank and 3 were assasinated with 1 a very close call. Only 4 presidents have ever been assasinated in the history of US, btw. I don't like conspiracy nonsense, but I did take A.P. US History and I did get a 4 on the exam (toughest AP class I ever had). I recalled way too much from those days to call the video a fabrication of facts.