"We do not have a free market in money. We have a self-interested cartel. This cartel will do whatev


	"We do not have a free market in money. We have a self-interested cartel. This cartel will do whatev

rustajb

5-25-2008 5:50 PM

89 views

rustajb says:

Very educational on the history of our financial infrastructure.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/136f97b5-80fc-427d-aef7-8c41a888921b/352A9719-2CF8-4529-97AE-D53A01BD6C75/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.goldseek.com/LewRockwell/1211820057.php" href="http://news.goldseek.com/LewRockwell/1211820057.php" style="font-size: 11px;">news.goldseek.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.goldseek.com/LewRockwell/1211820057.php"><P><FONT size="2" face="Arial, Verdana, Helvetica, sans-serif"><FONT face="Verdana, Arial, Helvetica, sans-serif">The Federal Reserve System was granted a monopoly over monetary policy on December 23, 1913, when the Senate voted to pass the House's bill, which had been passed on December 22. President Wilson signed the bill into law that evening. </FONT></FONT></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.goldseek.com/LewRockwell/1211820057.php"><P><FONT size="2" face="Arial, Verdana, Helvetica, sans-serif"><FONT face="Verdana, Arial, Helvetica, sans-serif">Ever since that fateful day, economists have done their best to get their opinions on monetary policy accepted by the FED. The only exception to this generalization is the Austrian School of economics. Their members, who are few in number and are generally without influence, do not believe that a government-licensed monopoly is capable of setting monetary policy without distorting the free flow of capital, especially the most crucial form of capital: information. So, they do not attempt to influence staff economists at the FED. They know it is a waste of time. </FONT></FONT></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/352A9719-2CF8-4529-97AE-D53A01BD6C75/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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