- “The Tyranny of the Federal Reserve” author Brian O’Brien paints a vivid picture of early America, highlighting its spirit of self-reliance and liberty, which he argues was fundamentally altered by the Federal Reserve Act of 1913. He characterizes the creation of the Federal Reserve as a calculated maneuver by powerful bankers to consolidate control over the American money supply, away from democratic oversight.
- He contends that the Federal Reserve has failed to fulfill its mandate of preventing economic crises, citing the Great Depression and the 2007 financial crisis as evidence. He attributes the growing wealth gap, the decline of American industries and the mounting national debt to the Fed’s policies, which he believes have exacerbated wealth inequality.
- O’Brien criticizes the Fed for fueling inflation and devaluing the dollar, which he argues has eroded the purchasing power of average Americans. He views the current monetary system, controlled by private bankers and based on debt, as fundamentally flawed and unsustainable.
- O’Brien proposes a vision for reform, drawing on the ideas of figures like Alfred Owen Crozier. He advocates for a “U.S. Monetary Council” to regulate the money supply transparently and accountably. He envisions public loan offices providing credit to homeowners and small businesses, shifting power from Wall Street to Main Street and fostering a more equitable economy.
- O’Brien’s ultimate vision is one of reform and accountability, urging a return to American principles of self-government. He calls for a new monetary system that prioritizes the needs of the people over the profits of bankers, believing that by reclaiming control over the money supply, America can restore prosperity and independence. His work is a rallying cry for Americans to take back control of their monetary system and, by extension, their future.
O’Brien begins by painting a vivid picture of early America, a land characterized by abundant resources and a burgeoning spirit of self-reliance and liberty. The early colonists, he argues, built a new world with their own hands, embodying the principles of independence and resilience. However, O’Brien contends that this foundational spirit was fundamentally altered by the Federal Reserve Act of 1913.
The Federal Reserve, according to O’Brien, was not the solution to economic panics as it was presented to the public and Congress. Instead, he characterizes it as a calculated maneuver by powerful bankers to consolidate control over the American money supply. O’Brien delves into the secretive meeting at Jekyll Island, where influential bankers and politicians, masquerading as duck hunters, laid the groundwork for a system that would operate outside the purview of democratic oversight.
1 comment:
One year into the Fed, WWI begins followed by the Great Depression, banning of gold, bank holidays and WWII. JFK bypassed the Fed by issuing debt free US notes backed by silver in lieu of debt ridden federal reserve notes backed by nothing. That experiment died with him. The coinage act removed silver from US coins and replaced it with based metal coins further devaluing our currency. Prior to the Fed, American currency devalued 6% but since the Fed 98%. The last 20 years, a catastrophe of missteps by our central bank. In summary, enriching the few and impoverishing the most. Quite a tract record of utter failure.
Post a Comment