The US has had a central bank since 1791.
Actually NS, the US had a central bank even before that. It was called the Bank of North America and lasted from 1781 to 1785. An arms dealer named Robert Morris founded it. He employed European (British) style fractional reserve banking. The result? The value of American's money took a huge nose dive and the bank's charter was not renewed.
Thomas Jefferson speaking on the First Bank of the United States
1791-1811, the one you refer too said in response to it's European (British) style fractional reserve banking methods and the rapidly multiplying national debt that had little to no chance of ever being paid back said . . .
"I wish it were possible to obtain a single amendment to our Constitution - taking from the federal government their power of borrowing." T.J.
The American revolution itself was in large part a response to England's Currency Act of 1764 which made it illegal for the colonies to print their own money.
Ben Franklin described what happened next . . .
"In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed."
He also made this statement
. . .
"The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War." (In other words the American colonists revolted against, GASP . . . a dubious and sinister
CONSPIRACY to control and steal their wealth!)
Fractional reserve banking is now and always has been a scam. But I suppose one would have to understand fractional reserve banking and how it came to be to fully comprehend that.
Napolean speaking on fractional reserve central banking said . . .
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." N.B.
Napoleon, James Madison and Thomas Jefferson would today laugh at Carpro till their sides split for believing "our government" actually runs this country. So would Mayer Amschel Rothschild who said in 1790 . . .
"Let me issue and control a nation's money and I care not who writes the laws."
James Madison said . . .
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." J.M.
Thomas Jefferson, James Madison and, Napolean Bonaparte all knew the evils of fractional reserve banking way back when. They didn't think of it as a "conspiracy theory" because they knew it was a conspiracy fact!
The Dutch East India Company was probably the first global corporation, founded in 1600. Is there something inherently sinister about global corporations?
Aside from the fact that a corporation is merely a legal fiction put in place to protect individuals from being held accountable for their actions? Yeah but that's another thread altoghter. On "globalization". This thread is about "Wikileaks".
But I will say this about the VOC since you brought up such a shining example of a global corporation
The Dutch East India Company, it got itself way over it's head in debt and the government tried, in vain to "bail it out" with
taxpayer money no doubt.
Sounds kinda familiar doesn't it?
Monopoly products
The achievement of monopolies was one of the G17's primary policy objectives. These were gained though negotiation with other entities or by means of war with competitors and the use of force. Military force was applied in the 1620's in the Moluccas, so that mace and nutmeg became monopoly products for the VOC. A third way of achieving an effective monopoly was the purchase of the suppliers business over time, through the sheer weight and wealth of the expanding company and by the withholding of follow-up contracts to force a sale. Consequently, by using these methods, the VOC had gained complete control of the Asian cloves harvest by the 1670's. Monopoly pricing usually results in an increase in price but a reduction in sales volume. This also applied to other VOC monopoly products, such as mace and nutmeg. Very high monopoly prices also stimulated 'smuggling' and 'black marketeering' necessitating costly military action further undermining profitability.
Above is a good description of how multinationals have always worked and still work up to this day. Only one thing has changed in all this time, today we send our own children to fight their monopoly wars all over the globe and we foot the bill. Sounds sinister to me.
It
does have entertainment value
Always a pleasure to entertain someone such as yourself NS. At least you are cordial and use reason when you reply to my threads. Hope you learned a little sumthin sumthin today too. :thumbsup:
Readers of this thread might find this link helpful in learning more about the history of fractional reserve banking and what it has done and continues to do to this country and others.
THE HISTORY OF MONEY 
