*Understanding Central Banking is a head scratch. It was a bone of contention between Jefferson and Hamilton and Jackson to boot. It’s previous incarnation was with the Federal Reserve Act of 1913 and created a central banking function ( a lender of last resort) but left the ownership of that power in private hands. What is now going on in August of 2010 is seat of the pants and brand new territory. My recommendation on understanding this is by reading the book: Web of Debt by Ellen Hodgson Brown. It is clearly written, and an amazingly well told story. If only the younger generation can get ahold of the old walnut shell trick before I did.
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