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Monthly Archive: January 2011

17

The Federal Reserve as an Instrument of War

While much has been written about how the Federal Reserve benefits certain private parties and how it generates money out of thin air, this paper delves deeper into the operation of the Federal Reserve as an instrument of war, and its historical role as a primary enabler of armed international conflict. A comparison is done with an analogous monetary institution, the Bank of Canada, to show that the Federal Reserve is being operated differently, with war being its chief historical focus.