By 1933 Americans were losing faith in the banking system. Banks had been failing by the thousands since 1930. When a bank failed it took everyone’s life savings with it.
On February 14, 1933, a coalition of major banks asked Governor Comstock of Michigan to declare a statewide bank holiday. He granted it.
The governors of Iowa, Tennessee and Kansas declared bank holidays in January, but it was Michigan that tipped the scales. It set off a nationwide panic that led to bank holidays in almost every state. On March 4, 1933, the Federal Reserve Bank of New York requested a statewide bank holiday be declared. On the same day that FDR was inaugurated as President of the United States, New York, Illinois, New Jersey, Massachusetts, and Pennsylvania all declared bank holidays.
Congressman Dennis Kucinich calls for removal of the Federal Reserve
* December 22nd, 2010 10:11 am ET
It seems that Ron Paul is not the only advocate in Congress calling for the abolition of the Fed and return to sound money. On the opposite side of the aisle is a Democratic Congressman from Ohio who normally stands for liberal policies and legislation, but in the case of the Federal Reserve is standing in unison with Paul to fix our broken monetary system.
Americans are deprived of their rights; everyone else is in jeopardy for their lives.
The following is a list of dates identifying when and by whom information from the secret files from the United States Department of State were publicized, as compiled by Glenn Greenwald. I’m not including the links, because the list is for illustrative purposes only to define the extent of the dissemination over time and space.
I think we have to take a proactive stance on the issue of the public debt. While it is doubtful that Republicans are actually sincere in not wanting to increase the public debt since two-thirds of it is owed to their sponsors in the investment class, the bond-holders, the effort to exact some increased deprivation from the American people in exchange for raising the limit is, no doubt, sincere. Increasing deprivation is a constant objective on the part of conservatives. After all, their primary interest is in power and power, to be felt, has to hurt. So, if our masters of finance are to be noticed, their machinations need to increase our distress.