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/
"Regarding the Great Depression. You're right, we did it."
at

3 comments:

  1. Joan d'ArcFriday, March 20, 2009 at 2:01:00 PM EDT

    Thanks Damien. This gives new meaning to the term “the state is your enemy.” They are fleecing us in open view now as we slide into the Greatest Depression since the Great Depression. As the Bush Administration went out the back door with the silverware the Obama Administration began stealing food from our very plates. And all without missing a heartbeat.

    Well, well. When there are no rules … Anarchy Rules!

    ReplyDelete
  2. DamienFriday, March 20, 2009 at 4:39:00 PM EDT

    Yeah that's true, they have carte blanche to continue their embezzling because as Juvenal remarked: "Who will guard the guardians?"; combined with his other insight: "The people...longs eagerly for just two things--bread and circuses!"

    ReplyDelete
  3. DamienFriday, March 20, 2009 at 8:53:00 PM EDT

    Bernanke's confession essentially puts an end to the disinformation found within the mainstream history books attributing the Great Depression to "business cycles", "unintended speculation", "reckless greed", etc.; whereas in fact it was a premeditated plan.

    ReplyDelete