No! Not Jimmy Carter -- Carter Glass!
The Federal Reserve just turned 100 years old a few days ago, showing
no signs of growing old as it grows into the founder of the
International Monetary Fund and World Bank, while its Federal Reserve
Notes (i.e. "dollars" as you and I know them) have become the defacto
"Gold Standard" of the world.
All this started by a man with no banking experience whatsoever -- Carter Glass.
A man on a Progressive mission to tame the greedy Jewish bankers,
regulate them, and do away with the business cycle on top of that once
and for all.
How's that working out for you?
There is nothing special about Carter Glass himself -- other than the
fact that he had a media monopoly in Lynchburg Virginia once he had
completed purchasing all his other Freedom of the Press competitors in
town.
Glass is supposed to be transparent, but there is nothing transparent in Glass's banking bills of which he should be famous.
While in the House of Representatives, Carter Glass submitted the
Glass-Owen act of 1913 which created the Federal Reserve and because of
that, became the first Treasury secretary under uber-liberal Woodrow
Wilson.
Later and now a Senator comes the Great Depression -- a full-blown
failure of Glass's Federal Reserve monstrosity. Yet, under the watchful
eye of uber-liberal FDR, Glass was able to "fix" the Federal Reserve
when he submitted the Glass-Steagal Act of 1933, thus separating
investment banking from commercial banking, while creating the FDIC to
regulate it all.
All to save us from the business cycle of the Great Depression, don't you know.
Jimmy Carter finally gets in on this story.
After Richard Nixon finally freed the Federal Reserve from being
totally tied to something real like -- gold, then Jimmy Carter coming
along after Nixon's resignation was the first poor fool who had to
suffer from the effects of stagflation caused by the devastating
policies of the Fed.
Liberally putting words into his mouth, Ron Paul says,
We agree. It's time to end the failed 100 years reign of the Federal Reserve.
Source:
After 100 years of failure, its time to end the Fed!
Wikipedia: Carter Glass
