[Gaslights slowly return their ember to gently light the stage. Grandpa still rocks in his chair. The Norman Rockwell living room stage barely discernible in the background. Granpa raise his head & looks directly at you.] Gonna find out who's naughty & nice. You see Tommy...
Dear Tommy, Tommy Paine's Ma & Pa,
... their were established 12 little banks. Each had their own realm. Farther than your eyes could see.
Fed recent trends in pillage (start interactive chart @ year 2007).
Imagine for yourself & friends. You convince your pet Congress to back a line-of-credit with your promise they & their taxpayers will pay. Your friends go on a $16 trillion spending spree. They include your 500 or so congressional friends too. They even give you 6% right off the top to do as you please. In addition, though accounting irregularities, you amass $3 trillion to bolster your balance sheet. Confidence in you soars! Rumors of your demise be damned!
Footnotes @ bottom of Fed recent trends (previous link above):
"Oh, What a Wonderful Life" Louis Armstrong. A tribute to your strong armed friends.
And with that Tommy, a good night. [Grandpa slowly rocks himself to sleep. Gaslights dim on the Norman Rockwell living room stage.]
Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑