Investor: I have read the book. I’ve also read enough history, especially related to the various bank panics and runs, to realize that your rambling screed is fairly divorced from both reality and fact.
Do a little research on the Fed, with a concentration on Carter Glass and Nelson Aldrich. Read up on the Panic of 1907, and the desire to avoid similar panics through the institution of a central bank, similar to those being used by the British, French and Germans prior to WWI.
And for the record, there were central banks in the US prior to the Fed. See First Bank of the United States (ca. 1791) and Second Bank of the United States (ca. 1816). I’d also recommend doing a little bit more research into Jefferson and Jackson and their feelings on central banks before turning this into some sort of sinister cabal.
As the more serious posters on this board are fond of pointing out: BRING FACTS. Not some breathless tirade utterly devoid of them.
Excellent. Now we are discussing the book rather than dismissing it outright. The facts you present I did mention some of. (I gave a web site by john lott that details the money flow. I mentioned the second central bank that Jefferson fought against. I outlined the money flow for the european bail out by the US. I get it that people will not be open to these ideas because they are not taught them in schools, but lets be accurate in our postings and less emotional.) They are directly out of the book “creature from jekyll island” so I know that you have read the book. If you still refuse to put weight on the 800 pages that are in the book, that is your right. The fact that so few people are aware of how the money flows in our system, as outlined in detail in the creature book, is my main motive for posting this thread. I feel obligated to point out to others how our money system works since it is not taught at all in schools, college or public. Once you understand how the money flows, then you might feel as I and many others (ron paul, …) do that our system unnecessarily obligates us to debt on our own money. Lets try to be less negative in our posts though. Getting personal and negative does not enhance communication.
