The first two central banks in the United States didn’t last long before their charters were revoked in the 19th century.
Why has the third one lasted for 112 years?
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Replies (7)
Gold(not a typo) question.
Easy.
When the reigns of power flipped every few years between those who favored individual state federalism and those who favored a central unitary government, the first 2 central banks' brief lives were essentially their inevitable fates.
So, in 1913, when the party of central authority was in control, not only did they pass the Federal Reserve Act, but they passed the 17th Amendment which ended U.S. Senators being elected by State legislatures; and thus ending the U.S. Senate's role as representing the interests of the individual States.
It was absolutely no mere coincidence that both of these things happened in the same year.
That’s antisemitic.
Probably has to do with a group of people who have been expelled from over 100 countries.
Jewish ownership of major media was a major factor by 1913.
Look for the difference between a National Bank and a Central bank.
The former is productivity loans, the later is asset loans. The former expands production the later expands asset prices.
Look at the presidents who started and who ended them all. It is worth your time to delve further.
Add in there income tax and IRS too!