One of my favorite topics this is! If you (anyone reading this post) haven't looked into this topic, this is an excellent book. I'm telling you, understanding what happened in 1913 and understanding what our monetary system really is will change your entire outlook on life . It is truly profound. You will never see politics, business, trade, international business, or war the same way again. Honestly, doing research on this topic has made it tough to even talk to some people, because almost nobody (amongst normal people, non traders, etc) knows the slightest about the Fed. And thus they believe in an illusion. But it's extremely fascinating stuff. I would also recommend the video you can find on youtube called "Money Masters". It was made in the 1990s so it's removed from our hyper partisan world of today. It's in multiple parts. When you learn that central banks through history have tended to fund both sides of wars, your entire sense of "history" starts to change. What happened in 1913 was nothing short of a coup. The constitution specifically states that monetary policy is to be exclusively controlled by congress. The Founders wrote that clause because they were all the direct victims of central banking and how it ruins nations by putting them into massive debt (partly by liberally funding and stoking wars). England was in debt bc of its wars with France. Thus they needed to start collecting more taxes from the colonies to pay for their wars. See the connection? The central bank of england's deal with England (to print its debt-based fiat currency in exchange for funding the rebuilding of england after its wars) was basically the direct cause of our American Revolution.
If you look at American history, you will notice that its most major events (wars, depressions, recessions, "sudden, unexpected changes in leadership) coincide with times when America was switching between bank-run currencies and citizen-run (via congress) currencies. Or when that was the main issue at hand. Anyway, it's a bit if a difficult thing to fully and intuitively grasp at first. But i feel that it's important that more people learn about this. We will never see, and i mean the sheer mechanics will not allow us to see, an end to the ridiculous and dangerous spending by DC with this current monetary policy and arrangement with the Fed. The Fed Is always happy to print more $ for DC's spending, because each dollar it prints is a debt the U.S. then owes the Fed! It's a viscous feedback loop, spend, print, and owe!
AI
