yep :)
it's neither Federal nor has Reserves, since 1913 its aim was to always have the ability to print money no longer linked to the gold standard - basically money printed from thin air - a debt instrument (they tried 3 times prior to install a central Bank)
when it pumps billions into the economy now to stave off depression it is actually devaluing the dollar and making the situation far worse in the long run
the economy will never be stable if the money supply is taken off the gold standard - however it does give those that control the supply huge power
there's a great book by Edward G Griffin on this subject "The Creature from Jekyll Island" (as you know ;) ) here's the youtube link (for others)
www.youtube.com/watch?v=ZWKlz2Z4Nlo
www.bigeye.com/griffin.htm
it's the part of the Wesley Snipes story they don't mention
(, Fri 25 Apr 2008, 10:19, Reply)
I didn't think any bank or government used gold standard these days
It's all fiat currency now, isn't it? Or have I missed something?
(
the_other_jeff_lebowski Croutons on my tits, Fri 25 Apr 2008, 10:46,
Reply)
it wasn't always the case
that's the point
the interesting story is how it was manipulated into existence
(, Fri 25 Apr 2008, 10:48, Reply)