Replies to post #1234 on NO QUARTER FOR CORRUPTION (Focussing on The Fed./F

[eaglesurvivor]

Here's more: http://partners.nytimes.com/library/financial/061733glass-steagall.html

[bartermania]

Interesting post but, it glosses over the truth IMO.

The issue of how the Fed took power in 1913 by refusing to refinance the US debt is overlooked. Also, the fact that the Fed was running the show/money/country so to speak...for the most part from 1913 onward, is not mentioned. Since, this paper appears to have been generated from one branch of the Fed itself...I should expect as much.

It appears to me that the US...this country and its member states/nations...have been screwed/deceived/ripped-off and taken over by the central bankers and their supporters & allies ever since our so called "Civil War"...war between the states/nations.


Interesting...but, repugnant quote: "the voluntary surrender of a certain amount of individual freedom by the majority and the ultimate coercion of the minority . . ." [T]he Swope plan [is] an illustration of the irreducible minimum of surrender required to inaugurate a stable and socially responsible industrial order on the foundation of capitalism and political democracy. (Lippmann [1933], p. 40)(3).


The "New Deal" appears to have been a shafting and very bad deal IMO...with hindsight and knowledge.


"Reconstruction Finance Corporation"
Reconstruction Finance Corporation
James Butkiewicz, University of Delaware
Introduction
The Reconstruction Finance Corporation (RFC) was established during the Hoover administration with the primary objective of providing liquidity to, and restoring confidence in the banking system. The banking system experienced extensive pressure during the economic contraction of 1929-1933. During the contraction period, many banks had to suspend business operations and most of these ultimately failed. A number of these suspensions occurred during banking panics, when large numbers of depositors rushed to convert their deposits to cash from fear their bank might fail. Since this period was prior to the establishment of federal deposit insurance, bank depositors lost part or all of their deposits when their bank failed.

During its first thirteen months of operation, the RFC's primary activity was to make loans to banks and financial institutions. During President Roosevelt's New Deal, the RFC's powers were expanded significantly. At various times, the RFC purchased bank preferred stock, made loans to assist agriculture, housing, exports, business, governments, and for disaster relief, and even purchased gold at the President's direction in order to change the market price of gold. The scope of RFC activities was expanded further immediately before and during World War II. The RFC established or purchased, and funded, eight corporations that made important contributions to the war effort. After the war, the RFC's activities were limited primarily to making loans to business. RFC lending ended in 1953, and the corporation ceased operations in 1957, when all remaining assets were transferred to other government agencies. (highlighting by me -bartermania-)

Link to the rest of this article: http://eh.net/encyclopedia/article/butkiewicz.finance.corp.reconstruction


ps. Nope, I don't like this scam/store front for the Fed...RFC either. The Fed created the RFC and they've created most of our troubles in this country too. Like BK'ing us. These folks (the owners of the US/and the Fed) have been writing and controlling what is generally known as history in this country/slave state...probably, for the (ever-increasing) most part ever since the Civil War.