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.