Thomas Ramey Watson

Central Banking 101: What the Fed Can Do as “Lender of Last Resort”

Schmidt concludes: “Enough is enough, Dr.

Bernanke! It’s time to inject the patient with money that gets into the hands of working people and small businesses.”

The Fed’s lender-of-last-resort power has so far been used only to keep rich bankers rich and the rest of the population in debt peonage, a parasitic

and unsustainable endeavor.

If this power were directed into projects that increased productivity and employment, it could become a sustainable and very useful tool.

We the People do not need to remain subject

to a semi-private central bank that was ostensibly empowered by our mandate.

We can take our Money Power back.

Read article by Ellen Brown.

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