Despite the seriousness of today’s financial calamity, our own representatives are still not even broaching this very question of taking back the Fed stock - and this despite the fact the taxpayers are literally bailing out the owners of the Federal Reserve, and taking all their “toxic waste” debt which was created and multiplied to the chaos point due to the lack of any real public interest and oversight in the debt-money creation system.
The Founders of this country well understood the banker problem, as they had seen the chaos, predation, and perfidy of the private ‘Bank Of England.’ They warned us time and time again about this corrupt system. But the American public has been kept in the dark about the real owners of our economy and society. This is due to the fact the corporate media is a handmaiden of the bankers today. Only the internet has served to educate people about their past and of a banking history effectively buried in “our” educational institutions.
Like everything else in our society, including free trade policy, the bailout process is top-down and utterly plutocratic. Wall Street Oligarchs create the mess and then they bring the rescue plan. The White House then fronts it and tells Congress it has no choice. Except for phone calls to legislators the public is left out despite the fact we must pay the bill – and the only way the bill can be paid is with our dwindling tax money or even more borrowed debt-money from this same crisis-causing private central bank!
Regardless of bailout legislation passed, the Congress should proceed to nationalize the Fed and return the “purse powers” to the public, as the Constitution intended. Otherwise, the dismal dynamic we are witnessing today, and have seen so many times in the past, will continue to be repeated... to our everlasting trauma and indebtedness.
Kent Welton, PublicCentralBank.com
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