"The refusal of King George III to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators was probably the prime cause of the REVOLUTION."
-Benjamin Franklin
founding father of the United States of America
"I believe that banking institutions are more dangerous than standing armies... if the American people ever allow private banks to control the issue of currency... the banks and corporations that will grow up around them will deprave the people of their prosperity until their children wake up homeless on the continent their fathers conquered."
-Thomas Jefferson
1743-1826
"I am the most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit.
We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."
-Woodrow Wilson
1919
These few quotes, taken out of context and therefore rendered less memorable, will be the core of numerous post on this blog. The history of the American central bank, and the men who brought us the Fed, is long, complex and confusing, but worth a good look if we want to understand the geopolitic and economic dynamism of today. It gives us a scale to compare what is happening in other occidental countries.
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