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The Rise and Fall of the Banksters pt.1

This new series will show in the simplest of terms how the banksters rise and will ultimately fall.

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This is such crap

Learn the real history and you will see that some of the events here are accurate, but the assumptions are bullshit.

The Panic of 1907 was a severe US financial crisis that struck in early October of 1907. "Not only was there a general recession and contraction, but the major banks in New York and Chicago were, as in most other depressions in American history, allowed by the government to suspend specie payments; that is, to continue in operation while being relieved of their contractual obligation to redeem their notes and deposits in cash or in gold."

The Panic of 1907 was the result of an inflation stimulated by Secretary of the Treasury Leslie Shaw in the previous two years.

After attempts to create a central bank failed, the Secretary of Treasury Leslie Shaw attempted to continue and expand the experiments of his predecessor Lyman Gage in making the U.S. Treasury function like a central bank. In particular, Shaw made open-market purchases in recessions and violated the Independent Treasury statutes confining Treasury funds to its own vaults, by depositing Treasury funds in favored large national banks. In his last annual report of 1906, Secretary Shaw urged that he be given total power to regulate all the nation's banks.


The Origins of the Federal Reserve