“The creation of the Federal Reserve System in 1913 was the re-establishment of the oligarchs’ lender of last resort. That meant that the federal debt would become the foundation of the entire economy: debt purchased by the central bank to balloon the monetary base. To pay off the debt would create mass deflation and depression. The oligarchs now have immunity. Congress will not order an independent audit of the FED. The model is the Bank of England. It has been the chief insurance agency of the Anglo-American oligarchy ever since 1694. The ‘Glorious Revolution’ of 1688/89 was in fact the symbolic triumph of the oligarchs over the king.”
http://www.garynorth.com/public/14465.cfm
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Grasping for Dignity in the Era of the American Police State
Khan Academy's Challenge to State-Certified Educators
Will Grigg: "Ominous Threats" and Murderous Zeal
If the Law Is This Complicated, Why Shouldn’t Ignorance Be an Excuse?
The future of work: on to a freelance model?
Paying Lip Service to Liberty
Peter Schiff: The GDP Distractor
Doug Casey on Opting-Out
George Carlin: The Illusion Of Choice
Did the Election Save ObamaCare?
Who Needs an Official State Media When We’ve Got CNN?
Bitcoin, Encryption, Drug Use, and the FBI's Own Bitcoin Wallet
The Real State Secret: Spies Aren't Very Good At Their Jobs
The Myth of the Free-Market American Health Care System [2012]
Civil war is the price Afghans will pay for the criminals the West installed