Mike Whitney: How Greenspan Skewered America

Mike Whitney: How Greenspan Skewered America: "The American people are crazy to think that a privately owned institution like the Federal Reserve will ever function in the public interest. The Fed operates behind an iron-curtain of secrecy to protect the interests of its primary constituents; the parasite class. It was authorized under executive order by Woodrow Wilson who was coerced into putting the country's future into the hands of its central bankers so he could finance World War 1. Bankers have always understood that the one who holds the purse-strings calls the shots. This explains what Thomas Jefferson meant when he said, 'Banking establishments are more dangerous than standing armies.'"