Rev 17:18 And the woman which thou sawest is that great city, which reigneth over the kings of the earth.
There is the city that reigns over the kings of the earth. The Federal Reserve is one of their tools.
Capitalist development has booms and busts because of the business cycle itself; because of the monetary disturbances which exist under ALL currency regimes; bankruptcies; metal strikes; technological development; wars; revolts; crop failure and other factors. Central banks have little or no control over most of that list nor total control over monetary policy.
So you're arguing with yourself. You say we can't go without a central bank, but here you say a central bank can't do much. If it can't do much, let's get rid of it and end the slavery.
And they certainly do not deliberately destroy economies.
They're destroying ours right now. There's no way out of a 16 trillion dollar debt.
There has never really been a gold standard either. When such is adopted and convertibility initially exists, it only takes a war to knock convertibility out of the picture. Britain for much or most of the 19th century did not have convertibility. May as well use the stone money of Yap as gold.
If it's never been tried then let's try it. What were doing is failing.
Most of the Populist demand for Reserve Banks was in the middle of the country, that is where conditions were frequently desperate because of the lack of money. San Francisco and Seattle banks were strong so the economy of the coast was stronger than the non-coastal west.
Farmers voted for Obama too.
Your pretending the history of our economy, before and after the Fed, is not one of dramatic booms and bust, financial panics, depression and great suffering does not change the facts. Just because the trend line is up that does not remove the human pain when things are below it.
The period between Jackson and Wilson was certainly no worse than after 1913 when it comes to booms and busts. And now the Federal Reserve is on the verge of destroying our economy to bring in their grand plan of global socialism. They have to destroy us first, and it will soon happen with this debt. So not only were the booms and busts not relieved by the Federal Reserve, but we get the added catastrophe of a destroyed economy.
Monetary conditions were a persistent and serious problem in 19th century politics after the destruction of the National Bank. And the agitation did NOT come from your International Conspiracy.
Oh yes, they were behind a lot of the problems. It wouldn't surprise me if they sank the gold ship.
One cannot talk sense to an insane man and expect anything positive.
There is no “slavery” by the Fed or anyone else. Only by perverting the meaning of the word can your claim be made.
Revelations has nothing to do with the Fed that any human can understand.
War destroys the gold standard. Britain suspended convertibility for decades at a time. Central banks can control monetary policy to some extent but not completely but the amount of control they do have make them sought after.
Debt is created by Congress NOT the Federal Reserve. It only BUYS some of that debt. You are very confused about monetary affairs. Perhaps you are also unaware that the Fed actually gives 100% of its profits to the federal treasury. It MAKES big money for the U.S. taxpayer i.e. almost free debt.
The most prosperous era in the history of mankind is your idea of one that is “failing”. Ludicrous stuff. The POOR in this country live like kings of old. In the past most families barely scraped by. Now you have to be an idiot to starve.
The fact that lower classes agitated for the Reserve system merely shows that the conspiracy of international bankers was not the initiators or pressure for its creation contrary to your nutty claims. It has nothing to do with them being right or wrong about it being necessary nor workable. But they certainly were being crushed arbitrarily and unnecessarily by the system as it existed before the Fed.
The period between Jackson and Wilson was every bit as bad as the period after the Fed. Repeated busts and panics accompanied our expansion. Some were unnecessary such as the decade long depression Jackson provoked. Some were not.
The fragility of the system to hysterical panics was well illustrated by the sinking of just ONE ship. That alone showed something else was needed.
Crackpot claims about the Fed mingled with no understanding about its history, operations or role within the capitalist economy are very UNpersuasive.