Reply #13: The ONLY politican that I know of to correctly address the question of the Federal Reserve

[truedelphi]

Is Ron Paul.

I don't even think that Kucinich adddressed the issue.
If we are to have a Central Bank, than IT MUST be a bank that pays no interest to outsiders.

For more info on the Fed, go to http://tinyurl.com/2zfgcb (remember this was an institution that obstensibly was used to prevent bank panics - yet as it came into being in 1913, only sixteen yrs later we had the Mother of All Depressions.)

What the Federal Reserve did in that instance was prevent small time bank managers from defrauding their customer base. From 1913 to 1929, It did that in a totally admirable way. Only problem is that while it was doing that it was also setting up the biggest run on the banking system ever known to humanity. And the biggest payoff of the Great Depression was for the people most involved with the Fed!