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THE FEDERAL RESERVE Fractional Reserve Lending (Banking 101)
Financial Sense Online ^ | 29 Nov 2005 | Douglas Gnazzo

Posted on 11/29/2005 1:19:18 PM PST by hubbubhubbub

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To: Marxbites

Perhaps you need to understand who the "Founders" were. They were those who wrote the Constitution. Tom Paine was NOT one of them being in France fomenting that Revolution at the time. He was only saved from execution by Washington's intervention.

The Founders were not advocates of the nutty radicalism you seem to believe in. The greatest of them were Washington and his favorite, Hamilton, whom I am sure you hate.

That is not a quote from Warburg either but someone else's summation of his book apparently. But Warburg was one of the minions of Rothschield you were condemning on another thread so why would you care if he didn't like FDR?
Any competent analysis of that quotation would show it to be at best mysticism without a clue as to how the financial world works. Thomas Paine was a fine rhetoritician but, like Jefferson, not really a man with a practical understanding of economics.


261 posted on 12/06/2005 10:54:12 AM PST by justshutupandtakeit (Public Enemy #1, the RATmedia.)
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To: hubbubhubbub
I found this article from two years ago on the Fed and was wondering if anybody had changed their minds since then.


BUMP

262 posted on 12/07/2007 9:29:21 AM PST by Vet_6780
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