08-06-2012, 06:43 AM
"Following the creation of the Fed (the Federal Reserve Banking System in 1913 - AE), the government would discover other uses for an elastic money supply aside from keeping the banking system from defaulting on its obligations. It would prove useful in funding war. It is no coincidence that the century of total war coincided with the century of central banking. When governments had to fund their own wars without a paper money machine to rely upon, they economized on resources. They found diplomatic solutions to prevent war, and after they started a war they ended it as soon as possible."
By Representative Ron Paul, author of END THE FED, Chapter 4, "Central Banks and War", 2009, 212 pages, Grand Central Publishes.
For European governments at the end of the 19th century, limits on war spending had been lifted by the presence of central banks of England and Germany.
Dr. Paul asks: "Might a diplomatic solution have been found for the struggles that led to World War I had the Germans and the English not had recourse to the printing press and a lender of last resort?"
And in the twenty-first century we now have perpetual wars.
Adele
By Representative Ron Paul, author of END THE FED, Chapter 4, "Central Banks and War", 2009, 212 pages, Grand Central Publishes.
For European governments at the end of the 19th century, limits on war spending had been lifted by the presence of central banks of England and Germany.
Dr. Paul asks: "Might a diplomatic solution have been found for the struggles that led to World War I had the Germans and the English not had recourse to the printing press and a lender of last resort?"
And in the twenty-first century we now have perpetual wars.
Adele