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"Protests: Both Conservatives and Liberals Are Right ... Just Looking at Different Sides of the Same Coin ... The Occupy Wall Street protests are obviously targeting Wall Street, i.e. the giant banks. The Occupy the Fed protests – led by Alex Jones, the Oathkeepers and other conservatives – are targeting the Federal Reserve. While some are trying to weaken these two movements through a divide-and-conquer strategy, the truth is that they are two sides of the same coin."
"Dominant Social Theme: Fed, Wall Street ... It's all money. Shut down one or the other for a better, more productive life. Free-Market Analysis: The brilliant Washington's Blog has done it again – released an article that has made news all over the 'Net with its common sense perspective about what needs to be done to bring back a healthier American economy. The article is called "Occupy Wall Street and Occupy the Fed Are Two Sides of the Same Coin."But here is the problem, from our humble point of view. Despite Washington's overall perceptivity and informed commentary, Wall Street and the Fed (central banking) are NOT two sides of the same coin. Central banking is infinitely more destructive than the intermediary and transactional businesses of Wall Street. The French invented stocks back in the 13th century to fund a mill project, and the auction-style stock market was a later French invention. In America, stock trading took place under a Wall Street Buttonwood tree. Later the big brokers moved inside, forming the NYSE and trading became continuous because brokers made more money that way.Those that stayed outside traded on the curb, forming the so-called curb exchange, which eventually became the American Stock Exchange, also eventually a continous trading facility. NASDAQ was formed out of the government regs put in place in the 1930s. It used to trade pink, white, blue and gray sheets. Now small issuances trade electronically. The market evolves.Modern central banking, meanwhile, was formed in earnest about 500 years ago to fund the British Crown's wars. From the beginning, it was intended as a subterfuge. The goldsmiths and others involved traded their money for the royal imprimatur. From the very beginning, central banking was a kind of bait-and-switch, in which government enforced and supported a private money monopoly.Central banking was created as a mercantilist dodge. Wall Street is part of a private market evolution that goes back at least a thousand years. To conflate Wall Street – as an industry, anyway – with central banking is simply wrong. One is an evolution of the free market. The other hides behind it.Put central banking out of business and the worst excesses of Wall Street will almost immediately become a thing of the past. Put Wall Street out of business and central bankers will reconstitute over the weekend. Money Power lies with central banks, run by the Anglosphere power elite.These elites are quite prepared to sacrifice Wall Street. They WANT to regulate the private sector. Regulate it until it is cold as a corpse so that they can re-animate as they choose. The more laws there are, the better they do. The process is called mercantilism. The powers-that-be CONTROL governments. Pass a law and you are only adding to their arsenal.In fact, the leaders of Occupy Wall Street are DELIBERATELY turning the movement into a populist protest that looks to government for changes that will make societies work better. It is evident and obvious. Who knows who they work for – but evidently they are not who and what they say they are. We wish we were wrong."
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Topic: Mr. Washington! ... Fed & Wall Street Are Not the Same (Read 751 times)
