The triumph of the bankers

posted by
May 25, 2011
Strike the Root
by George F. Smith  
Posted in Commentary

"Thus, the country now had a government-privileged central bank called the Federal Reserve. By hoarding gold as its pyramidal base, the Fed was weaning the public from the use of gold coins, which would make them easier to confiscate later on. Through the Fed, member banks would be inflating at a uniform rate to avoid trouble with redemption demands." (05/25/11)  

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