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How Wall Street Fleeces America: Privatized Banking, Government Collusion and Class War

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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-04-11 08:42 AM
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How Wall Street Fleeces America: Privatized Banking, Government Collusion and Class War
http://www.opednews.com/articles/How-Wall-Street-Fleece...

The 1913 Federal Reserve Act let powerful bankers usurp money creation authority in violation of the Constitution's Article I, Section 8, giving only Congress the power to "coin Money (and) regulate the Value thereof...."

Thereafter, powerful bankers used their control over money, credit and debt for private self-enrichment, bankrolling and colluding with Congress and administrations to implement laws favoring them.

As a result, decades of deregulation, outsourcing, economic financialization,

and casino capitalism followed, producing asset bubbles, record budget and national debt levels, and depression-sized unemployment far higher than reported numbers, albeit manipulated to look better.

More at the link --

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