I was just thinking about how both the left and the right use crisis to gain power. The war on drugs is from the "drug crisis", the takeover and control (and subsequent utter mismanagement) of land is from the "Environmental crisis", the socialism is from the "Economic crisis" and then it creates an ongoing "Economic crisis", etc. They have these crises ongoing even if they have to make them up as they go along.
I don't think the Federal Reserve is from any crisis, governments had a habit of borrowing from banks to finance wars and then when the war was over they would say "what do you mean pay you, we have an experienced army and you have only a bank" , so the Federal Reserve is a natural step for the bankers.
Read "The Merchant Bankers". It was a best seller about 40 years ago, tells the history of these big banking families, pretty interesting stories how they got started. They hang out in places like the Bohemian Club in San Francisco, I've been in there, seen them in action, etc. They are just people, extremely overreacting and haughty in some cases but not all.
Max
I don't think the Federal Reserve is from any crisis, governments had a habit of borrowing from banks to finance wars and then when the war was over they would say "what do you mean pay you, we have an experienced army and you have only a bank" , so the Federal Reserve is a natural step for the bankers.
Read "The Merchant Bankers". It was a best seller about 40 years ago, tells the history of these big banking families, pretty interesting stories how they got started. They hang out in places like the Bohemian Club in San Francisco, I've been in there, seen them in action, etc. They are just people, extremely overreacting and haughty in some cases but not all.
Max