$$$$$$ BILLION DOLLAR BABIES $$$$$$
It is not the economy stupid, it is the bankers

Banking No Credibility: Inflationary and debt-inducing Credit Creation

Remember; Credit Creation is only bad when the Government does as it creates inflation, if done by independent financiers, then they have to be merged, acquired, regulated etc. If caused by the Establishment financiers, then we need a recession, oops don't over do it or we'll have another Great Depression.
[Paul Warburg's Crusade to Establish a Central Bank in the United States, so says the Fed itself! ]

[Remembering When ... The Federal Reserve Board originally included the Secretary of the Treasury and the Comptroller of the Currency. This 1914 photo of the first Board includes (clockwise from left) H. Parker Willis, Secretary to the Board; W.P.G. Harding; Paul M. Warburg; W.G. McAdoo, Secretary of the Treasury and Chairman; Charles S. Hamlin, Governor; John Skelton Williams, Comptroller of the Currency; Adolph C. Miller; and Frederic A. Delano,Vice Governor ]

[ Federal Reserve History Formation of the Federal Reserve ]

[The banking question solved] a tentative solution to the problem of credit creation, debt.

[Yehezkel Dror, a member of the Club of Rome ] a photograph and short bios, remember technocratic elitism is never ever substitute for democracy.

[Banking's Biggest Open Secret: Credit Creation] How money is created, destroyed and how it inflates and the deflates (recession) the economy.Nah, it ain't magic and it is not Iluminati claptrap either or could it be establishment disinfo?). It is simply an imperfect system made by imperfect humans.

Who are the Chairmen of the Board anyway? no, it is not Frank Sinatra (an upstart any way)

[From the Federal Reserve Bank of New York, the director of the 'bank'] Here they are, ask the bank, not the trailer-park dwellers. These are the people basically doing the managing of the world economy; funny that, they never argue vehemently to have it privatised hmmm, may be because it would be seen as illegitimate that the very private sector bankers should dictating macro economic policy to the free enterprise capitalists.So much for the separation of powers and conflict of interest rhetoric . One tip; type Warburg in their search box in this link http://www.ny.frb.org/

[the story telling how bank-debt money was invented] How do the bankers do it? well, this double entry bookkeeking mates...no magic about it just basic accounting knowledge.

Rockefeller's Buddies who found the Council on Foreign Relations

Read more about Morgan, friends and family So choose debt-free money by banking fee-based banking...which bank?

The problem in a nutshell is: cummulative interest grows geometrically higher than the ability to pay it back either with real goods and services produced or simply with a larger money supply. The result is inexorable bankruptcies to wipe out the debt-ladden economy's bad debts and its demand for real money in the form of interest. The outcome is a recession and or worst a Great Depression.

The Federal Reserve Board originally included the Secretary of the Treasury and the Comptroller of the Currency. This 1914 photo of the first Board includes (clockwise from left) H. Parker Willis, Secretary to the Board; W.P.G. Harding; Paul M. Warburg; W.G. McAdoo, Secretary of the Treasury and Chairman; Charles S. Hamlin, Governor; John Skelton Williams, Comptroller of the Currency; Adolph C. Miller; and Frederic A. Delano,Vice Governor.

http://minneapolisfed.org/pubs/region/99-12/when.html

The Banking Act of 1935 changed the name of the Board officially to Board of Governors of the Federal Reserve System and altered the terms of office and membership. After Feb. 1, 1936, the Secretary of the Treasury and Comptroller of the Currency no longer served on the Board.

For a list of past and present members of the Board of Governors go to minneapolisfed.org/frsgovs. And for more information on the current Board of Governors go to federalreserve.gov/bios. In addition, past issues of The Region magazine contain interviews and other articles about current and past Fed governors. See minneapolisfed.org/pubs/region/index.html