This scheme was accurately and succinctly described by G. Edward Griffin in 1994:
“It is widely believed that panics, boom-and-bust cycles, and depressions are caused by unbridled competition between banks; thus the need for government regulation.
The truth is just the opposite.
These disruptions in the free market are the result of government prevention of competition by the granting of monopolistic power to the central bank.”
The private central bank bailout did indeed serve the bankers and Government politicians – at the expense of the depositors, people like you.
Having just seen, first hand, how much damage a central bank, with a fascist relationship with the government could do, anything they wish to and get away with it with the people’s laziness and want to be controlled.
It was Secretary of State Thomas Jefferson, who said,
“The system of banking [is] a blot left in all constitutions, which, if not covered, will end in their destruction. I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of printing and spending money to be paid by posterity. is but swindling of the peoples’ futurity on a large scale.”
A primary object of the private Federal Reserve Central bank is to provide fiat paper currency for the government, whilst collecting deposits from you, the public having rewarded only its bank directors and government politicians, whilst the depositors, you, losing your money.
Some years after the 2008 bailout and “the banks were saved and the people were ruined.”
Think about it..
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