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Read_885 The Great Taking [P4]

Bitcoin Audible

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The Federal Reserve's Economic Legacy

This chapter explores the historical impact of the Federal Reserve's decisions during the Great Depression, focusing on the selective reopening of banks and the ensuing hardships faced by families. It critiques the narrative of the Emergency Banking Act as a success while revealing the dire consequences of tight monetary conditions and gold confiscation strategies. Moreover, the chapter raises concerns about contemporary financial practices, including Central Bank Digital Currencies, and the ongoing risks to depositors and individual wealth.

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