Surviving Capitalism (Not) : The 10 Things That Would Be Different If The Federal Reserve Had Never Been Created

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Friday, January 14, 2011

The 10 Things That Would Be Different If The Federal Reserve Had Never Been Created

by Tyler Durden from The Economic Collapse.

About all I know about this author is that, although not in the mainstream, he is a widely respected and read financial-investment analyst. His main website is Zero Hedge. From my study of money creation and the Fed, I believe his arguments are "right on the mark".

The vast majority of Americans, including many of those who believe that they are "educated" about the Federal Reserve, do not really understand how the Federal Reserve really makes money for the international banking elite.