Surviving Capitalism (Not) : PBS Drops a Bombshell on the Federal Reserve’s 100th Birthday Party

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

Monday, December 23, 2013

PBS Drops a Bombshell on the Federal Reserve’s 100th Birthday Party

Click here to access article by Pam Martens from Wall Street on Parade.

The word "bombshell" in the title might be a bit too dramatic, but nevertheless the two financial experts (see bio on James Grant) on this PBS program made reference to a few lesser known actual policies of the officially authorized issuer of our money: the consortium of private bankers known as the Federal Reserve or the Fed. It seems that the old and tired trickle down philosophy is still guiding their functions. Well, after all, it seems to be working very well for them, but creating misery for the rest of us.