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The Jekyll Island Secret Meeting (1910) w/ Jacob Goldstein

This Day

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The Federal Reserve - For Very Rich People

Every 15 years or so, the US economy would just fall off a cliff and there would be this deep depression with high unemployment. And it was getting so bad that it was taking some of these very wealthy Americans to bail out the banks. The idea behind creating a federal reserve was to help even things out in order to get out of this boom and bust cycle.

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