Xeriant Inc (XERI)

[quester614]

Your unAmerican ass needs a history lesson. Dems created the FR to supposedly stabilize the economy. Instead Dems have used it with Gov spending to send a never ending cycle of inflation/recession where the middle class continues to lose ground.

What did Wilson think of his accomplishment???

Famous quote by Woodrow Wilson after signing the Federal Reserve into existence
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world 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
https://www.reddit.com/r/Bitcoin/comments/2683ox/famous_quote_by_woodrow_wilson_after_signing_the/

President Woodrow Wilson
December 23, 1913. President Woodrow Wilson signed the Federal Reserve Act in December 1913, culminating three years of discussion and debate over the development of a central bank.

1 Congress passed the Federal Reserve Act to establish economic stability in the U.S. by introducing a central bank to oversee monetary policy.
https://www.investopedia.com/terms/f/1913-federal-reserve-act.asp#:~:text=What%20Is%20the%201913%20Federal,bank%20to%20oversee%20monetary%20policy.


Central banks are an economy-wide monopoly planning apparatus, a core feature of socialism. The fact that they do not plan the entire economy is irrelevant. The fact that a central bank can “coexist” with capitalist institutions like private firms does not make it capitalist.
https://www.google.com/search?q=socialism+Central+Banking&gs_ivs=1#tts=0

BTW did I mention to grow the Federal Gov(SWAMP) to control our economy with mandates and corporate subsidies. We are already more socialist than capitalists. Some are starting to understand that problem.