Annie
Diamond Member
- Nov 22, 2003
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Aha! We have a contender for the French, it's the jooosAnd who, you may wonder, comprised the Council on Foreign Relations in the early 1960's? Answer: the New York banking establishment, which wasn't particularly pleased with the way that President Kennedy was pushing to break the Federal Reserve's power base.
President Kennedy tried to destroy the Federal Reserve by urging businesses to deposit, invest, and borrow from non-Federal banks! He also encouraged these non-Fed banks to deal directly with and underwrite state and local financial matters. By taking this leverage away from the Federal Reserve, Kennedy could ultimately return the power to coin money back to Congress, which was how our Founding Fathers had originally established it in our Constitution.
If this had ever happened, we would have become fiscally sound by not being forced to pay inordinate amounts of interest to the international bankers as we are today.
President Kennedy's plan was quite ingenious, and he knew what he was talking about, for economist Seymour Harris said that Kennedy was, "by far the most knowledgeable President of all time in the general area of economics."