The Banking Oligarchs

Can anyone stop the overweening lunacy of the banking oligarchs? No more than anyone can stop pythons from devouring rabbits at play. Our bankers are not honorable. They are not farsighted. And they have set in motion forces that no human effort can avert. Moreover they long ago formed a deathly co-op with history's most deplorable criminal element – the state. This has given them a free pass to indulge in ugly asset corpulence and hideous irresponsibility. It has hidden the true state of their criminality from realization by good men and women. The banking oligarchs and the power they have over us today are the result of a long train of poisonous ideas descending upon the American republic over the past 120 years.

It began with the coming of socialism to Europe and its Fabian migration to America at the turn of the century. Capitalism, the Fabians preached, is the root of all evil with its insistence on gold as money. Its freedom is no longer possible in the modern world. It brings to mankind uncontrollable booms and busts and horrific poverty. There is no cure for capitalism. It must be burnt at the stake of its egregious altar – free banking. Free banking is responsible for wild cycles, and gold stifles productivity when needed. Only by centralizing the great network of free banks that capitalism creates and shifting from rigid gold money to flexible paper money can abundance and stability be brought to modern life. Thus was ushered in America's reign of "easy money" with the inception of the Federal Reserve in 1913.

The Lure of Easy Money

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