Beginner's Guide to the FED - Rosenthal Yitzhak Q.

Sir Henry Ford, founder of Ford Motor Company, once claimed “I have proved Marx wrong”. With that sentence he meant that Marx was a pessimist more than an economist. Indeed, his Motor Company provided a job to several hundreds of thousands of people in 2008. They were not mere industrial slaves, as Marx believed capitalism was compelled to produce, but they liked their jobs, because technological innovation provided enormous job diversity: quite the opposite of Charlie Chaplin’s famous ─yet historically obsolete by at least one century─“Modern Times” criticizing industrialization. Americans did not suffer such heavy social injustices as their ancestors, the English slaves of industrialization. To the contrary: often they would have loved to have a slave-job, due to the many economic recessions. These recessions are quite unique in the history of industrialization. From their much too frequent occurrence, and their enormous unemployment numbers, these recessions are not normal. They show, by comparison to other countries, that a very influential and tightly organized bank mafia actively induced those recessions. A second point proven in this book, is the fact that the Swedish “Nobel Prizes” for economy, funded by the Swedish Royal Bank, are seriously flawed. These two facts take us directly to the American Federal Reserve System. The author proves an abysmal difference between what the FED claims to be, and what it is in reality. Many authors have done so already, as all proofs presented in this book are taken from them. The only tentative step taken in this book is its core argument: that the American debt to the FED is conspicuously absent in all presidential budgets and yearly reports, since the very foundation of the FED, in 1913.