Your silliness is not worth much more of me telling you truths which mean nothing to you. The world economy is not controlled or controllable by a group of men or even governments. Nor are problems created deliberately to further a conspiracy.
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. And they certainly do not deliberately destroy economies.
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.
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.
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.
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.
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.