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Economic Last: 10/23/2014

Economics; a very interesting subject. There are many points of views about it. There are many stages of development. But it seems like most systems are in place to enslave(keep persons in debt).

A friend of mine and I once discussed whether the FED should be in college Economics 101. I thought no as it is not in very basic capitalism.

The Federal Reserve Act of 1913

The Federal Reserve Act is an Act of Congress that created and set up the Federal Reserve System, the private central banking system used by the United States of America, and granted it the legal authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender. The Act was signed into law by President Woodrow Wilson.

James Corbett Breaks The Set on The Federal Reserve