Did Wall Street take over the Treasury? Bank crisis exposes public realities of private banking
Geopolitical Economy Report
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The History of the Federal Reserve
The purpose of the Federal Reserve was to take monetary power out of Washington and put it in financial centers. The idea was to privatize finance and essentially replace the Treasury with the private banking system. One result was the stock market crash of 2019-29, and then finally the moratoriums of 1931 that you had,. Then finally Roosevelt trying to fix it up.
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