Saturday, October 22, 2011

SHED THE FED


If you couldn't tell from my Blog post and Facebook pages, I am involved with the Occupy movement. The onset of the movement was to my knowledge were like minded folks who wanted to rid this country of the privately owned Federal Reserve Bank. Who has been laying to us since the day it was allowed to be the bank of United States of America. The movement was also about; over hauling a very corrupt Wall Street. Both corporations over my life time have not been at all interested in the human values of or ethics pertaining to the US of A. Both the Federal Reserve and the Wall Street work insinc with each other each dealing with billion and trillions of the citizens money. This was a setup from design back on a holiday weekend in 1913 to control the nation's monetary policy, to address the problem of banking panics and with the help of President Wilson, The Federal Reserve act was born with wealthy bankers such as J. P. Morgan and John D. Rockefeller, Jr. Aldrich's son-in-law. Most Republicans favored the Aldrich Plan, but it lacked enough support in Congress to pass because rural and western states viewed it as favoring the "eastern establishment". In contrast, progressive Democrats favored a reserve system owned and operated by the government; they believed that public ownership of the central bank would end Wall Street's control of the American currency supply. Conservative Democrats fought for a privately owned, yet decentralized, reserve system, which would still be free of Wall Street's control. The plan became the basis for the Federal Reserve Act, which was proposed by Senator Robert Owen in May 1913. The primary difference between the two bills was the transfer of control of the Board of Directors (called the Federal Open Market Committee in the Federal Reserve Act) to the government. The bill passed Congress on December 23, 1913, on a mostly partisan basis, with most Democrats voting "yea" and most Republicans voting "nay".



The Connection with Wall Street and The Federal reserve as you will see some familiar names that come up in all Giant corporation across the globe and for all I know this could be the universe too because , I am sure these family of Global Elites  may have or are inventing away to get out their



1 comment:

  1. This was a very informative post and makes me mad and concerned for my family and children in there future. Its very wrong how they lie to US

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