Is Bitcoin Racist?

Would that include Ralph Nader, who wrote this open letter to Janet Yellen on behalf of the “Savers of America”?


Please, don’t lecture us about the Fed not being “political.” When you are the captives of the financial industry, led by the too-big-to-fail banks, you are generically “political.” So political in fact that you have brazenly interpreted your legal authority as to become the de facto regulator of our economy, the de facto printer of money on a huge scale (“quantitative easing” is the euphemism for artificially boosting the stock market) and the leader of the Washington bailout machine crony capitalism when big business, especially a shaky Wall Street firm, indulges in manipulative, avaricious, speculative binges with our money.


Former head  economist at the World Bank and Nobel laureate Joseph Stiglitz?


“If we [i.e. the World Bank] had seen a governance structure that corresponds to our Federal Reserve system, we would have been yelling and screaming and saying that country does not deserve any assistance, this is a corrupt governing structure.


John Kenneth Galbraith?


The process by which banks create money is so simple that the mind is repelled.


who also cautions us:


Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.


(Except if you go ahead and question the Fed you’ll earn a “right-wing extremist / conspiracy theorist” label from Golumbia).

There is also the lesser known Stephen Zarlenga, who was a registered Democrat and the co-founder of the American Monetary Institute and author of the exhaustive opus “The Lost Science of Money“. In 2010  Rep. Dennis Kucinich  introduced Bill HR2990 which aimed to remove the money creation function from the Federal Reserve and revert it to the US Government which was based on an AMI blueprint for monetary reform.

Zarlenga summed up his life’s work in one sentence:  “Over time, whoever controls the money system, controls the nation.” And his book documents how that repeatedly happened over recorded history:


Our Thesis

is that a main arena of human struggle is over the monetary control of societies and that control has been and is now exercised through obscure theories about the nature of money. If it had to be summarized in one sentence, it is that by misdefining the nature of money, special interests have often been able to assume the control of society’s monetary system, and in turn, the society itself.

(emphasis added)



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