By Mike Whitney
from the Information Clearinghouse blog (EU text only version)
...The United States set off on the road to perdition when it transferred the power to create money to the privately-owned Federal Reserve. It’s been downhill ever since...
...The wealth gap that has opened up like a yawning chasm between rich and poor in America originated with the class-based policies of the Fed. The massive equity bubbles which arose from artificially low interest rates and the deliberate destruction of the dollar by reckless increases in the money supply have shifted trillions of dollars from working class Americans to the predatory aristocrats at the top of the economic food chain. The gulf between rich and poor has grown so wide that it now poses a direct threat to our increasingly fragile democracy. That’s why Thomas Jefferson said:
“If the American people ever allow private banks to control the issue of our currency, first by inflation, then by deflation, the banks and the corporations that will grow up will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing of power should be taken from the banks and restored to the people, to whom it properly belongs.”
Free people cannot control their own destiny unless they control their own currency. The Federal Reserve must be abolished.
Missing Gold
Bank of America to offer bank accounts, credit cards to illegal immigrants Submitted by WWAY on 15 February 2007 - 2:38pm. In all fairness, they need a tax ID number, but Bank of America is looking pretty desperate:
Bank of America lays off more Nyse floor staff
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