Current Events

Federal Reserve Act

By Citizen Correspondent Benny Altis
Date Posted: 06/05/08
Reader Rating:

Cause and effect of The Federal Reserve Act

The Federal Reserve is a private organization original created by the international banking industry. A few of the original members were The Bank of England, The Rothschild’s, John D, Rockefeller, and J. P. Morgan. My Grandfather C. A. Lindbergh R. Congressman from Minnesota was against the act and my Grandfather Dwight Whitney Morrow Sr. an employ of J.P. Morgan and was in favor of the act. President Woodrow Wilson signed it in to law in 1912.

Since the enactment of The Federal Reserve Act on the negative side The Federal Reserve has got credit for WW-1, The Great Depression, WW-2, The Korean Conflict, The Cold War, Viet Nam, and all the problems in the Middle East. This really amazes me. How could an act which cannot speak, write, or issue an order be responsible?

On the positive side governments have refused to spend money they do not have to raise the standard of living for the masses. For war or save their ass there is no Limit for the amount of money they will borrow, beg for, or steal. Since the enactment of the Federal Reserve Act the Standard of Living for the Vast majority of the masses has increased exponentially world wide. How could we live without our computer, the auto, the T.V., the internet, air travel, space travel, without complaining, etc., etc? The Federal Reserve did not make the above happen. To be honest I think we all agree eventually it helped.

Thank you,
I rest my arguments.

Charles A. Lindbergh, Jr












Tags:


    Editor's Picks

    Confusion At The Convention

    By Citizen Correspondent Eric Mack
    I thought covering the Democratic National Convention in my hometown would be a breeze.... Full Story »