Speaker: Hunter Cobb - Topic: It Takes a National Bank to Restore American Families
Our Federal Reserve-centered banking system favors short-term, quick-return schemes, like derivatives trading and other financial speculation. The abandonment of investment in manufacturing means much of our population lives barely above subsistence level with both parents working. We must build an industrial economy, which requires long-term loans at modest rates. No reforms of the Fed will work. We must replace the Fed with a National Bank, as established at the beginning of our nation by Alexander Hamilton, to provide credit to productive activity throughout the country.
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