Re: W l'Italia...l'Italia che lavora (De Gregori) ¶
By: XTOL on Lunedì 30 Marzo 2020 15:39
Hobi, pare che Armstrong abbia letto il forum...
https://www.armstrongeconomics.com/world-news/central-banks/is-the-fed-public-or-private/
The people who love to weave conspiracy theories about the Fed are twisting the fact that the Fed’s design from the outset was to be a private organization. The banks were the shareholders BECAUSE it was to be a bailout system for them as J.P. Morgan had acted during the Panic of 1907. The banks were to capitalize the Fed because taxpayer’s money was not to be used. The Fed began as independent, but that did NOT last very long. The Fed was usurped when World War I took place and it has been manipulated by Congress ever since for political gain – not by the shareholders