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Gertrude Coogan's Preface to 'Money Creators'

Posted By: Guarded_Optimist
Date: Monday, 25-May-2009 21:37:18

Gertrude M. Coogan's book, "Money Creators," was a nicely-written dissection of the Federal Reserve fraud. While there were a few flaws in her book, which are noted in the article link below, her overall view of the Fed was accurate.

Notice that the news media in the last several months have kept repeating the phrase "ponzi scheme" in relation to Madoff and others. However, the phrase is just as applicable to the Federal Reserve. Below is a portion of the preface to Coogan's book.

------------------

http://www.sonnet.com/usr/kidogo/coogan.html

(snip)

Gertrude Coogan's Preface to 'Money Creators'

There can be no Liberty without Economic Freedom -- America can have no Economic Freedom without an honest money system -- one removed from the controls of the socially irresponsible private Money Creators.

...

The reader will ask: "Why have not business leaders known that our money system is dishonest? They are intelligent, aggressive people who seem equal to anything." The answer is found in the fact that with few exceptions business men are honest, and, as honest men, believe that few men are dishonest.

The situation resulting from this concept has set the stage for any confidence game, large or small. The Money Creators have truly operated a confidence game.

Our home town and city bankers are, with few exceptions, honest men. Through intrigue and manipulations of gold and government debts they have become mere pawns in the world monetary confidence game.

They and their predecessors inherited a system which, because it is, they believe it always was. If they would look into the origin of the system, and examine its nature, originated sub-rosa and only through centuries of legislative trickery congealed into Law, they would demand that the system be demystified, made non-collapsible, and honest in essence; for they would see that the near-by destiny of the system is ruin for them as well as for others.

January 29, 1935

(snip)


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AN EXPLANATION OF THE FACTIONS