Money Supply created by Federal Government

2011-04-05 00:01

The former US Treasury analyst Richard C. Cook tells us in this film, part six of six, that money should only be created/born by the Federal US Government through direct spending and lending of money as was done with the Greenbacks from Abraham Lincoln, which has been  the reason why the banksters murdered him.

I personally would prefer that creating new money is not done by the Government but only  the Central Bank  which should be State owned, as in North Dakota,  independent from the Government and controlled by the people by direct elections every five years. If the Government gets the power over the money they could be tempted to missuse it in order to get reelected. The elections for the Central Bank have a controlling function, and I think people will understand that.