"Give me control of a nation's money, and I care not who makes its laws," said Mayer Amschel Bauer Rothschild, a German banker in the late 1800s. After many attempts to establish a lasting central bank in the United States, the nasty deed finally was done in 1913 with the establishment of the Federal Reserve system, which is not a governmental agency. It is a privately owned banking system that works in close concert with all the other central banks around the world.
In the words of Milton Friedman, "The Federal Reserve's major function is to determine the money supply. It has the power to increase or decrease the money supply at any rate it chooses."
Inflation is the increase of available money. So by merely increasing or decreasing the money supply, the Fed can cause inflation or depression as it chooses.
The Fed never has been audited. The last person to seriously challenge the Fed was President John F. Kennedy with the issuance of Executive Order 11110, which stripped the Fed of the power to loan money to the U.S. government with interest. He was assassinated shortly after that.
With tax-evader Timothy Geithner, past president of the Federal Reserve Bank of New York, installed as head of the Department of the Treasury, the foxes are indeed in full control of the moneymaking henhouse. This allows them to debauch our money overnight, which would thrust us into the one-world socialist system the bankers and politicians so desperately desire.
A report issued by the United Nations in 1994 said a world central bank was necessary and "it will take some time and probably some international crises before a full-scale world central bank can be created."
I hope what we are seeing take shape now is not the beginning of these "international crises," but it certainly could be.
We the people, and perhaps our great-grandchildren, have been saddled with the largest issuance of money ever recorded. It may take a while to settle in, but I suggest you fasten your seat belts.
Paul Bynum, Durango