This date isn't important. From the beginning of paper money bankers and goldsmiths tried to manipulate a money. Giving all the power to them is only symbolic, but isn't a milestone very much.
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December 23, 2013: banksters celebrate 100 years of absolute sovereignty!
On December 23, 1913, the then US President Woodrow Wilson puts the final signature for the so-called Federal Reserve Act. Big private banks take control of the US money supply. Since then and for 100 years until now, we live in the bankster-domination era. The only "break" of real peace and prosperity for the West since then, is perhaps the period after the WWII until the early 70s, though conflicts, dictatorships and wars were not absent.
The first big test of the new conditions was the 1929 crash. Banksters reduced the money supply to the market, eliminating competitors and leading to poverty millions of Americans. The same happened, more or less in the 2007-2008 financial crisis.
Although the Great Depression was a field test of the new conditions, the gold standard which was active at that time, had prevented "Federal" Reserve to print money at will thus loading government with more debt. The banksters could not fully control government through debt and Roosevelt, with his strong personality, managed to pass the laws he wanted, despite the war against him, giving some hope to the American people.
In 1971, Nixon ended the direct convertibility of the US dollar to gold, and as dollar became the global reserve currency, the absolute dominance of the banksters became definite.
Banks and big corporations couldn't wait. Just two years later (September 1973), they proceed to another big experiment, so big that it's still running. Through the U.S.-backed military coup in Chile that ousted the democratically-elected President Salvador Allende, they establish a 17-year dictatorship led by Augusto Pinochet. Chile became the first lab-rat of neoliberalism. Milton Friedman and the Chicago boys advise dictator Pinochet to kill the state and privatize everything. Chile was occupied by big cartels, US interests companies, people suffered from poverty and from Pinochet's cruel regime.
IMF, World Bank and other institutions, were the basic tools for the invation to other countries during the next decades, and the result was always mass destruction for the economies. Today, for the first time, a Western developed area, called eurozone, is being tested.
This date isn't important. From the beginning of paper money bankers and goldsmiths tried to manipulate a money. Giving all the power to them is only symbolic, but isn't a milestone very much.
"Property is theft."
Pierre-Joseph Proudhon
"the system of wage labor is a system of slavery"
Karl Heinrich Marx
can we please stop using stupid buzzwords like "bankster."
Why the fuck should I, a broke ass commie, give a fuck about my non-existent money being tied to a shiny piece of metal? Is a capitalist gold mining cartel better than a state bank at managing capital? I want to DESTROY commodity production. Allende's Cybernet would've make gold money obsolete if they let it work. Dropping the gold fetish would've been a step in the right direction if it didn't save capitalism.
Tying money to gold tends towards deflation. Capitalism itself tends towards deflation. Deflation is bad because debt gets harder to pay and profits drop. I don't give a fuck what it does to capitalist, but it gets harder to pay the bill, lowers wages and increases unemployment. Fiat money was an attempt to stop this. It mostly worked until the Great Recession, and seems to be deflating again now.
The "banksters" didn't globally decide to fuck up capitalism and cause the Great Depression. They didn't wrestle away power from the "helpless" bourgeoisie. That's some anti-Semitic bullshit.
Wow, the OP should really be restricted for this right-wing propaganda
How do people fuck up capitalism? That's like fucking up a fuck up.
But to stay on topic. The centeral banking system is an interesting thing. Changing the value of money so that an unstable joke of an economic system can hold itself together.
Changing the value of money. That's really a contradictory idea. But then capitalism is inconsistent with a metobolic economic model that uses tangible values (aka reality).
The needs of the many outweigh the needs of the few, or the one
~Spock
Did I just step into the Alex Jones message board or some shit?
Noel Ignatiev: "Treason to whiteness is loyalty to humanity"
Marquis de Sade: "You young maidens, too long constrained by a fanciful Virtue's absurd and dangerous bonds and by those of a disgusting religion, imitate the fiery Eugénie; be as quick as she to destroy, to spurn all those ridiculous precepts inculcated in you by imbecile parents"
Alex who?
The needs of the many outweigh the needs of the few, or the one
~Spock
