The Bankers' Cartel : The case against the Fed

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investorzzo
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The Bankers' Cartel : The case against the Fed

Our banker-counterfeiter, one might assume, can now proceed happily on his way to illicit fortune. But an obstacle confronts him; should he issue more receipts than he can redeem, the clients of other banks may ruin him through demands for payment that he cannot make good. The solution is obvious; by unifying the banks in a centralized system, this check to fraudulent wealth creation would be ended. Hence the movement for a central banking system, whose history in Britain and the United States Rothbard deftly summarizes.

http://mises.org/story/3597

investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Re: The Bankers' Cartel : The case against the Fed

More from G. Edward Griffin on the Mcalvany show. Works right into the present topic. This is part 2. Part 1 is on the same site. Also comments on the economy and housing.

http://www.mcalvany.com/podcast/?p=89

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