Thursday, May 22, 2008

Federal Reserve Chairman Ben Bernanke Finally Admits That The Federal Reserve Bank Caused The Great Depression Of The 1930's

Given the complete devastation that the privately held Federal Reserve Bank deliberately caused to the US economy and American people in the 1930's, beginning with the orchestrated stock market crash of 1929, it is nice to at least hear the Federal Reserve chairman admit that the Fed was responsible for this nightmare.

Especially since the Federal Reserve is again responsible for the devastation being caused to the US economy in the present day; an economy which is in dire straights.

And with the likelihood that Americans may be soon facing not another bad recession, but instead another depression (similar to the one which began with the stock market crash of 1929), there's little doubt that the privately held Federal Reserve Bank system will come under serious scrutiny in the future.

Bernanke: Federal Reserve
caused Great Depression
Fed chief says, 'We did it. …
very sorry, won't do it again'

Posted: March 19, 2008
9:02 pm Eastern

By David Kupelian
© 2008 WorldNetDaily

Despite the varied theories espoused by many establishment economists, it was none other than the Federal Reserve that caused the Great Depression and the horrific suffering, deprivation and dislocation America and the world experienced in its wake. At least, that's the clearly stated view of current Fed Chairman Ben Bernanke.

The worldwide economic downturn called the Great Depression, which persisted from 1929 until about 1939, was the longest and worst depression ever experienced by the industrialized Western world. While originating in the U.S., it ended up causing drastic declines in output, severe unemployment, and acute deflation in virtually every country on earth. According to the Encyclopedia Britannica, "the Great Depression ranks second only to the Civil War as the gravest crisis in American history."

What exactly caused this economic tsunami that devastated the U.S. and much of the world?

Read the rest of the article here:

Also see the late Hollywood director Aaron Russo's shocking *documentary on the Federal Reserve and IRS fraud here:

*See America: From Freedom To Fascism here:
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