Part 2: Credit as a Public Utility: The Solution to the Economic Crisis — The Federal Reserve System: The Bankers Take Over

Part 2: Credit as a Public Utility: The Solution to the Economic Crisis — The Federal Reserve System: The Bankers Take Over

A Video in Six Parts Written and Produced by Richard C. Cook ©2009 by Richard C. Cook. All Rights Reserved.

President Lincoln’s Greenback system worked but was undermined and replaced by the financiers who got Congress to pass the National Banking Acts of 1863 and 1864, then the Federal Reserve Act of 1913. The United States now became a nation dominated by the financial elite, the banks, and a debt-based monetary system. Consequently, the 20th Century was one of constant cycles of inflation and deflation resulting in the economic chaos we see today.

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Source: Richard C. Cook Blog

Aired: 3/24/09 12:00 AM