Fed up? Fed out!

Oh, just everyday folks with names like Rockefeller, J.P. Morgan and Rothschild who, a century ago, joined forces to saddle the U.S. with a central bank that, naturally, they’d control, in turn giving them control over the country’s money supply.

Alas! If only our nation’s framers had been smart enough to anticipate a ploy like this and thus guard against it in the Constitution.

Um, turns out they were. This brainstorm was one of the main reasons for establishing the Fed in the first place. The rich and powerful bankers, tired of pesky competition from other banks and the distasteful specter of having to pay for good avarice gone bad, decided it would be much better to institutionalize an ironclad way to protect their profits. It took a few years and some political chicanery, but with a complicit president and a duped Congress (oh why does this sound so familiar?), they finally hit the jackpot by legislatively securing the mechanism by which they could place the taxpayer squarely on the hook, I’m sorry, more strongly underpin the economy.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA