U.S. Money vs. Corporation Currency, "Aldrich plan."


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(4.4 stars; 4 reviews)

In 1908, the National Monetary Commission was established by Congress to study financial boom-and-bust cycles. Senator Nelson Aldrich (Republican-RI) was chair of the commission. He, in secret enclave with a group of bankers, drafted what was called The Aldrich Plan, which provided for a central "bank" that would hold funds individual banks could borrow in the case of a bank run, print currency, and act as the fiscal agent of the US government. However, the plan gave little power to the government and seemed to give almost absolute control of the country's currency to Wall Street financiers. This 1912 book outlines the dangers and supposed duplicity of The Aldrich Plan while it was being debated in Congress. (The plan was eventually defeated, but was used as a basis for the Federal Reserve Act, which was signed into law in 1913.) - Summary by TriciaG (16 hr 24 min)

Chapters

Preface 3:01 Read by MacKenzie Nikol Greenwood
Chapter 1 - Central Money Trust 28:26 Read by MacKenzie Nikol Greenwood
Chapter 2 part i - The Aldrich Plan 45:30 Read by MacKenzie Nikol Greenwood
Chapter 2 part ii - The Aldrich Plan continued. 45:25 Read by TriciaG
Chapter 2 part iii - The Aldrich Plan continued. 38:14 Read by TriciaG
Chapter 3 - Fooling the People 22:02 Read by Cori Samuel
Chapter 4 - A Discovery 48:32 Read by Lucretia B.
Chapter 5 - Inflation and Contraction 41:09 Read by Kevin Leung
Chapter 6 - Frenzied Financing 15:27 Read by Kevin Leung
Chapter 7 - Confessions of Wall Street 47:26 Read by TriciaG
Chapter 8 - Wall Street's First ''Plan'' 44:28 Read by TriciaG
Chapter 9 - A Confidence Game 39:36 Read by Chris Pyle
Chapter 10 - A Central Bank to be Bought? 11:01 Read by Joseph Tabler
Chapter 11 - Wall Street Stock ''Market'' 39:52 Read by ke126
Chapter 12 - Panics Natural or Artificial? 19:38 Read by ke126
Chapter 13 - Money is the Power 40:40 Read by ke126
Chapter 14 - The Slavery of Debt 48:28 Read by TriciaG
Chapter 15 part i - The National Banking System 57:38 Read by TriciaG
Chapter 15 part ii - The National Banking System continued 1:00:17 Read by TriciaG
Chapter 16 - Bank Graft and Crime 27:21 Read by TriciaG
Chapter 17 - Crime of Conspiracy 26:06 Read by Chris Pyle
Chapter 18 - Bank Credits vs Government Currency 18:33 Read by Melanie D. Young
Chapter 19 - The Legal Tender ''Joker'' 38:17 Read by TriciaG
Chapter 20 - Reorganising the Money Supply 21:27 Read by ke126
Chapter 21 - United States Monetary Council 22:05 Read by ke126
Chapter 22 - The Octopus 34:27 Read by Brian James
Appendix - Correspondence part i 36:21 Read by Elsie Selwyn
Appendix - Correspondence part ii 33:21 Read by Elsie Selwyn
Appendix - Press Notices of ''The Magnet'' 29:38 Read by Elsie Selwyn

Reviews


(5 stars)

2nd time listening, if you're interested in this subject i recommend reading The American Eagle Gold Coin Act of 1982: Hearing Before the Subcommittee on Consumer Affairs and Coinage of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-seventh Congress, Second Session, on H.R. 6054 ... September 28, 1982 https://books.google.com/books?id=okwj6u8xkboC&source=gbs_navlinks_s

not best title for wall street vs U.S.


(4 stars)

excellent writing although a little over the the top with 1911 statistics. But really makes the clear point for 2022 upcoming midterm elections. the federal reserve must be abolished!!!