Chicago Plan 1930's

DR.JONES
IMF considers abolishing the Federal Reserve System December 24, 2012 at 10:55 AM

IMF web site put out an article discussing the revival of the so-called “Chicago Plan,” which was proposed in the 1930’s in the wake of the Great Depression. This plan advocated the use of government currency, rather than private currency such as Federal Reserve Notes. http://en.wikipedia.org/wiki/ Chicago_plan The Chicago Plan was a viable alternative to the Federal Reserve System, put together by economists in Chicago. Although it was discussed in 1933, hardly any of its proposals were actually passed into law with the Banking Act of 1935. With the second recession of 1937-38, the Chicago Plan was discussed further, but nothing came of it. Obviously, the private banking families who owned the Federal Reserve Bank wanted to maintain control of the nation’s monetary system. With the recent economic crisis, the Chicago Plan is again being revisited, and the IMF is now discussing the feasibility of switching over to government-issued money. If implemented, this would essentially http://www.gods-kingdom-ministries.net/daily-weblogs/2012/12-2012/imf-considers-abolished-federal-reserve-system/