This absolutely excellent video series proposes, and provides excellent evidence that banking crisis of 1907, 1920 and 1930 were created by the large banks which allowed them to concentrate banking power. The income tax was passed during the great depression. These actions fall into the category of Naomi Klein’s Shock Doctrine. That is concentrated power both creating and taking advantage of shocks in order to further concentrate power. It brings up the issue of the public interest function of banks and why they should be given the power to create money if they don’t look beyond their narrow personal interests. Ron Paul and Alan Grayson seem to be some of the few politicians interested in bringing more transparency to the Fed.
We find the portions of the videos that focus on the past very good, the future projections are pretty extreme, and less credible, however the entire series is certainly worth watching.
Part 1
Part 2
Part 3
Part 4
Part 5
“I believe that banking institutions are more dangerous to our
liberties than standing armies. If the American people ever allow
private banks to control the issue of their currency, first by
inflation, then by deflation, the banks and corporations that will grow
up around [the banks] will deprive the people of all property until
their children wake-up homeless on the continent their fathers
conquered. The issuing power should be taken from the banks and
restored to the people, to whom it properly belongs.” Thomas Jefferson
