US entry into WWI assured a decisive Allied victory, but it also assured a victory for politically-connected US bankers who used the new Federal Reserve System to send newly-printed money to the Allies which quickly returned back to the US in the form of military-industrial contracts.
World War I—The Great Banker Bailout
- January 2, 2025
- 0
- 11 Views
You Might Also Like
-
January 4, 2025
Why Smart People Are Rightly Confused About Tariffs
-
January 4, 2025
Rowdy FDIC Signals Ex-SVB Execs Should Lawyer UP
-
January 4, 2025
Issues with Libertarian Arguments Against Socialism