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The Fed: From "conspiracy theory"
to common knowledge

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From the time of its founding nearly 100 years ago, the Federal Reserve Bank had critics who claimed it was a conspiracy to ruin the United States.

People who held that opinion back then were considered "nut cases."

Fast forward to the present: David Stockman, former director of the Office for Management and Budget during the Reagan administration, talks about a handful of men taking control (or trying to take control) of the US economy against all logic and sanity, enacting policies that are certain to bring severe economic dislocations.

It is a coincidence that the future of the European economy is simultaneously being held hostage by a similar small group professing lunatic ideas? (the European Central Bank.)