19 March, 2009
Fed Caused Great Depression
On March 18, 2009 the privately-owned Federal Reserve announced they will spend or print $1.2 trillion in their attempt to rectify the nation's economy. On hearing this news the U.S. dollar sank against other currencies, as traders worried about the long-term implications of this action, including probable inflation.
In 1913 Congressman Charles Lindbergh of Minnesota commented upon the passage of the Glass-Owen Federal Reserve Act: "The new law will create inflation whenever trusts want inflation. From now on, depressions will be scientifically created." Conspiracy researcher Gary Allen, author of 'None Dare Call it Conspiracy' revealed: "Between 1923 and 1929 the Federal Reserve expanded (inflated) the money supply by 62%."
In 2002, current Fed Chairman Ben Bernanke openly admitted to economist Milton Friedman that the Federal Reserve was the perpetrator of the 1929 economic catastrophe: http://earlytoday.wordpress.com/2008/10/05/bernanke-federal-reserve-caused-great-depression/