Good Video. Well worth the seven minutes.

"Give me control of a nation's money supply, and I care not who makes the laws."
Mayer Amschel Bauer Rothschild (1744 -1812)


Two interesting side notes.

I Ownership
The Federal Reserve is owned by member banks who buy stocks in the Fed. By only requiring half the price of the stocks upfront, member banks are guaranteed 12 % annual dividend.

Zitat

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As of March 2004, of the nation's approximately 7,700 commercial banks approximately 2,900 were members of the Federal Reserve System - approximately 2,000 national banks and 900 state banks.

Member banks must subscribe to stock in their regional Federal Reserve Bank in an amount equal to 6 percent of their capital and surplus, half of which must be paid in while the other half is subject to call by the Board of Governors. The holding of this stock, however, does not carry with it the control and financial interest conveyed to holders of common stock in for-profit organizations. It is merely a legal obligation of Federal Reserve membership, and the stock may not be sold or pledged as collateral for loans.

Member banks receive a 6 percent dividend annually on their stock, as specified by law, and vote for the Class A and Class B directors of the Reserve Bank. Stock in Federal Reserve Banks is not available for purchase by individuals or entities other than member banks."
http://www.federalreserve.gov/pf/pdf/pf_complete.pdf

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II The Fed is right out of Marx's Communist Manifesto, Plank #5:

Zitat

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"The proletariat will use its political supremacy to wrest, by degree, all capital from the bourgeoisie, to centralize all instruments of production in the hands of the state, i.e., of the proletariat organized as the ruling class; and to increase the total productive forces as rapidly as possible.

Of course, in the beginning, this cannot be effected except by means of despotic inroads on the rights of property, and on the conditions of bourgeois production; by means of measures, therefore, which appear economically insufficient and untenable, but which, in the course of the movement, outstrip themselves, necessitate further inroads upon the old social order, and are unavoidable as a means of entirely revolutionizing the mode of production. ... "

Measure No 5 of 10 to achieve the above in advanced nations =
"5. Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly."

http://www.marxists.org/archive/marx/wor...f/Manifesto.pdf">Manifesto of the Communist Party by Karl Marx and Frederick Engels

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