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: Have you ever seen the video entitled "AMERICAN DREAM" on youtube? It's a very interesting explanation and clarification about the FED. You'd better get deep into the story and verify the historical references before confirming everything shown in the video, but I'm quite right if I say that the quotation by Thomas Jefferson reported in the video is true :
    "We must make our choice between economy and liberty or profusion and servitude. I place ecomnomy among the first and most important of republican virtues and public debt is the greatest of the dangers to be feared. It is incombent on every generation to pay its own debts as it goes. If the American people ever allow private banks to control the issue of their money first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the very continet their fathers conquered."
    It is believed that, irrespective of the fact one is an extraordinary scholarly man or not(as somebody has said), contract out our debts is very dangerous, because it means that we are outsourcing our life

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