By Alfred Owen Crozier (1912)
00:00:00 – 13 – Chapter 11 – Wall Street Stock ”Market”
00:39:51 – 14 – Chapter 12 – Panics Natural or Artificial?
00:59:29 – 15 – Chapter 13 – Money is the Power
01:40:09 – 16 – Chapter 14 – The Slavery of Debt
02:28:37 – 17 – Chapter 15 part i – The National Banking System
03:26:15 – 18 – Chapter 15 part ii – The National Banking System continued
04:26:32 – 19 – Chapter 16 – Bank Graft and Crime
04:53:53 – 20 – Chapter 17 – Crime of Conspiracy
05:19:59 – 21 – Chapter 18 – Bank Credits vs Government Currency
05:38:32 – 22 – Chapter 19 – The Legal Tender ”Joker”
06:16:49 – 23 – Chapter 20 – Reorganising the Money Supply
06:38:16 – 24 – Chapter 21 – United States Monetary Council
In 1908, the National Monetary Commission was established by Congress to study financial boom-and-bust cycles. Senator Nelson Aldrich (Republican-RI) was chair of the commission. He, in secret enclave with a group of bankers, drafted what was called The Aldrich Plan, which provided for a central ‘bank’ that would hold funds individual banks could borrow in the case of a bank run, print currency, and act as the fiscal agent of the US government. However, the plan gave little power to the government and seemed to give almost absolute control of the country’s currency to Wall Street financiers. This 1912 book outlines the dangers and supposed duplicity of The Aldrich Plan while it was being debated in Congress. (The plan was eventually defeated, but was used as a basis for the Federal Reserve Act, which was signed into law in 1913.)
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