TED Conversations

Tom Britton

Director, Teacher, Language School

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To what extent are Americans worried about the fact that the Federal banking system is a private institution?

Is the privatisation of the Federal bank (to 10 stake holders) part of the American capitalist dream of freedom? To what extent does the general American public attribute the national debts of the U.S to abuses by the Federal bank? Is it abuse at all or is it in fact a justifiable part of American freedom? Do Americans think that it is, for any reason at all, justifiable to put a debt on every piece of currency that enters circulation? If the Federal bank was not a private institution, what would happen to America?


Closing Statement from Tom Britton

Thanks to everyone for your input. I look forward to seeing how far the central bankers will go before the majority of the general public starts realising what is going. I suspect all of us lot will be long gone by then, if it ever happens.

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    Oct 16 2013: Tom, I, for one, am concerned. The fed was a major player in the depression of 1929. Congress gave up Constitutional responsibilities and as Ben Berneke told Congress, "I don't answer to you." The fed lists as assets Maiden Lane I - III and AIG. AIG was in the news for all sorts of violations and received bailouts.

    Jefferson was adamant that if banks ever gained control they would be the downfall of the country.

    I believe that the fed should be done away with and Congress and the Department of the Treasury should do the job assigned to it by the Constitution.

    All of this crap about the 1% and the poor .... the fed ensures that this occurs and will stay as such. So if Obama was really serious about redistribution he would not be targeting the 1% he would be targeting the fed .... alas it is only talk any way. The wall street protests were also misdirected ... should have been against the fed.

    I read about the fed but am still not smart on the whole issue ... I am however, aware and afraid.

    I think we are on the very edge of a recession and a depression perhaps at the same time .... the fed is a major player in the events causing this crisis.

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