Comments by "Edward McLaughlin" (@edwardmclaughlin7935) on "Why Do We Have Central Banks?" video.

  1. This is so much glossy bollocks. If 'most economists' argued for the US to have a central bank, then why did it have to be drawn-up in secret, by a select few, on a secluded island? If that isn't a scenario to be fairly described as a conspiracy, then the word has pretty much been made obsolete. Are 'most economists' pleased with the fact that, since the inception of the Federal Reserve, Americans have witnessed - been subjected to - a continuing cycle of boom and bust? Look around you now and ask yourself if the US economy is being steered in a good direction? Are the American people being served well by the system supported by 'most economists'? If these people are charged with the well-being of Americans, and they have been doing that job now for 113 years, and to such poor results, isn't it time to replace them and their system with something else? The whole pile of the central bank system is based on debt that must not be paid-off. It operates on usury, the demands of which are boundless. The Fed' is run on behalf not of the American people but in order to maximise returns to private shareholders of what is a small collection of immensely wealthy banks - most of them foreign-owned. Whenever a nation has managed to free itself from the strictures of a central bank, it rapidly prospers. Look back at those leaders who have striven for such freedom, and see how they ended-up.
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