"To create high prices, the Fed only needs to lower interest rates to expand credit and create a prosperous stock market.1. When industry and commerce have become accustomed to such interest rate environments, the Fed will stop this prosperity by arbitrarily raising interest rates... It can gently tilt the price pendulum of the market with a slight adjustment, or it can tilt the market price fluctuates violently. In either case, it will have internal information on the financial situation and know the upcoming changes in advance... This is the weirdest and most dangerous prophet right that any government has never given, and the privileged minority... This system is private, and the whole purpose of its operation is to use other people's money to obtain the maximum possible profit... They know in advance when to create panic to create the situation that is most favorable to them. They also know when to stop panic. When they control finance, inflation and deflation are equally efficient for their purposes."

---------------------.

Princeton University, New Jersey, USA.

Princeton University in this era is far less glorious than later generations. Ten years ago, it had just expanded from a pitiful college to a real university, and it was far from experiencing the "glorious century" that laid down Princeton's status. There is no footprint of Einstein, nor is it the figure of John Kennedy. It is just the fourth higher education in the North American colony, and two alumni have served as US president.

But now, it has stood on the eve of takeoff: one of the most outstanding principals in Princeton’s history, Woodrow Wilson 1,.

Woodrow Wilson smiled and looked at the tall young man opposite him who always smiled: "Franklin, what do you think?"

"This is our senator, this is our Congressional Finance Committee Chairman." Franklin Roosevelt, 54 Wall Street, New York, a less-known maritime lawyer in the famous Carter-Ledyad-Milburn law firm shrugged. "He thought of it with the property of all people as collateral and helping banks issue bonds... This is the old foundation of the Republican Party... Frankly speaking, the difference between this group of people and my uncle... I can't believe that their names are all called'

epu

li’.”

"The Republican Party has been corrupt. Theodore is worthy of a fighter, but his companions always think of taking the money with their left hand and selling the American people with their right hand, as well as their own conscience and beliefs." Wilson smiled, "As for Senator Aldridge, his one-year-old grandson Nelson Aldridge Rockefeller, has explained it all--

The Aldridges and Rockefellers. The Republicans and the second force in Wall Street in New York, Capitol Hill and Trusts... This is the democratic politics of America, Franklin..."

"I've decided," Wilson looked at the young man he valued very much. "I will participate in the Democratic nomination this time and run for the governor of New Jersey."

"I decided, Mr. Wilson, too." Franklin Roosevelt smiled, "I decided to run for the New York State Councilor on behalf of the Democrats.* have a game with the Republican Schlossel."

Wilson looked at him with some fun: "How do you plan to explain to your uncle?"

"I'll hang up the phone tomorrow," said Franklin Roosevelt. "I think he will bless me. He has said that people like me should have been in politics for a long time."

"I dare to bet with you. Teddy will call you a traitor on the phone." Wilson laughed, and after a while he returned to his calm, staring at Franklin Roosevelt very seriously. "But I want to say, you made the right choice, Franklin. The Republican era is about to end."

Wilson's words surprised Franklin Roosevelt slightly and looked at Wilson in disbelief.

"They have been successful for too long...the twelve presidents, ten Republicans, and the Democrats have never won the election since 1886. However, the people are tired of it."

"But Uncle's prestige..."

"His prestige is very high. Franklin, you need to understand that the people's boredom is not targeting a certain person, although this boredom is manifested as votes for his opponent... What the people are tired of is life now, and they need some change."

Franklin Roosevelt listened quietly.

"The greedy trust chaebols, the government of the highest government, the conservative party, the law-abiding Congress, all of this is boring. But that's not the main thing." Wilson paused, "The key is the economy, the work, and the miserable life that made them hate all this... so, you made the right choice."

"It's us," Franklin Roosevelt took a deep breath, with a calm expression, "we made the right choice."

----------------------------

New York Central Park.

The former President Theodore Roosevelt, who hurried back to the country from Khartoum, stood behind the podium with a strong body, glanced calmly at the thousands of supporters who gathered to greet him.

"...Citizens, free and rich Americans," Theodore Roosevelt's voice was calm and firm, "Everyone should remember that in many days before, we once called for justice and fairness piously, and we once confessed to the gentlemen of the United States that society is complex and in many cases powerless. 1. Yes, this is our United States today, a simple, flat, free and passionate United States that was different from the time when the ** Declaration was issued a hundred years ago..."

"As my friend Mr. Edward Ross once repeatedly pointed out: those who commit all kinds of new crimes against society are deeply trapped in a network of management systems. They are mostly decent and noble and decent gentlemen who do not realize that they are committing crimes. This situation and the dullness of the judicial system lead to a 'social crime' in which actual responsibilities cannot be confirmed and positioned."

"Around us, every day, there is something happening: the manufacturing and sale of unclean food, harmful drugs, bacteria-infected milk and toys that cause harm to children can cause illness or death, and those involved in the manufacturing and sales process - retailers, wholesalers, manufacturers, advertisers, company directors - do not realize that they are committing money. For example, the failure to comply with fire prevention and safety regulations, and the lack of safety facilities in factories, railways and mines. Failure to investigate and deal with unworkable vehicles may kill many people, but those involved will never think that

There are many murders. There are also improper supervision of banks, insurance companies and trust companies, fraudulent company instructions, and speculation on stocks, gold or agricultural products may bring poverty and suffering to thousands of people, but the people involved will not admit that they have committed the crime of embezzlement. In addition, buying votes, bribing election officials, bribing parliamentarians, and conducting activities outside the court to create special bills. Or blatantly acting illegally or enforcing the law may endanger the foundation of the democratic system, but almost no one in the relevant personnel realize that their actions are equivalent to damage and betrayal of the representative government!”

Cheers like tsunamis came from the audience. More expectations began to appear in the confused and helpless eyes. Americans watched the former president who led them out of the quagmire of economic crisis, developed the economy, improved welfare, and cracked down on the monopoly of trusts. He bravely declared war on the darkness and injustice of society, the famous "trust blaster".

"In our society, the increasingly prosperous trusts and monopolistic organizations form the heart of the national industrial and commercial trade activities. Their predatory abuse of natural resources and labor resources has reached an unsurpassed level of madness; the extremely uneven distribution of social wealth causes social differences, and the increasing ranks of the rich and poor; the phenomenon of racial geography and apartheid remain the same, with no sign of improvement; the uncontrolled urbanization trend not only brings rapid spread to its neighbors, but also brings together with its neighbors.

The dirty, disease, riots, crimes, bad habits and other social problems also put forward the municipal authorities in a serious task of organizing new social projects; the dirty politics of the party leader everywhere caused the rampant depravity to flood governments at all levels, causing the city, county and state administrations across the country to become paradise for the incompetent and the place for the privileged class to fight. The outdated, aging administrative system is still used to deal with the new problems encountered by the government..."

"We have repeatedly called for change, and we have also made efforts. We have repeatedly called for legislation in Congress, and we have unswervingly pursued the mission given by God and uphold our faith in fairness and justice. But we must face this cruel reality: in the name of protecting freedom and rights. Trustees wantonly trampled on the freedom and rights of the weak; in the name of protecting human rights and the rule of law, Trustees have launched political trends again and again to suppress our calls for justice. And the short-sightedness of many people finally makes us pay the price: the United States is paying the price today, and we are all paying the price."

"Fairness and justice are covered in dust at this moment; God's just voice is replaced by Mephisto's sophistry. The trusts' arbitrary acts are destroying the United States, but the ones who pay the price are us, citizens, free citizens! Is this reasonable?"

"unreasonable!"

“Is this fair?”

“Unfair!”

Theodore Roosevelt's eyes swept over the angry faces and waved his thick arms vigorously: "Citizens! Now is the time for us to act, now is the time for us to restore justice and justice... In the name of God, evildoers need to be punished, and the government must uphold the justice of the world!"

"Now, many people tell us in the tone of a savior that the reason for everything is that there is no central bank in the United States, and the liberal and democratic United States, in the name of natural human rights, cannot be controlled by ambitious politicians or fall into the hands of foolish bureaucrats... They propose that the United States has enough honest and reliable bankers who are proficient in finance, and they can use the central bank as a tool for the benefit of the United States..."

"What a verbal statement, 1! Someone actually said such a word on Capitol Hill... In the name of God, this means that everything we have done before is far from enough, and what I have warned you... is by no means exaggeration!"

"The crisis in the United States is that it is difficult for the government to adopt effective administrative means to fight against these powerful forces that actually hold privileges... They appear in all its faces, with all kinds of organizations and spokespersons... But we will not give up, and I firmly believe that the United States government can bring justice to his citizens... I, Theodore Roosevelt, your old bucks, in the name of God. Strongly oppose Senator Aldridge's Federal Reserve Plan!"

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"Theodore Roosevelt...he's back very quickly." Zheng Yu touched his chin and looked deep. "It seems that this teddy bear has a plan long ago. He wants to take this opportunity to destroy the trust and put a bridle on the monopoly capital. And take the opportunity to strengthen government authority, and imitate us to a certain extent..."

"He is smart and visionary." Yang Yongtai nodded, "It's a pity that there are too few people in the United States who can truly keep up with his ideas. In order to achieve all this, the requirements for the government are not something that the United States can meet now."

"Let economists and politicians use their imagination... All we have to do is continue writing." Zheng Yu nodded, "Where has Xu Shuai been?"

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"Mr. Warberg's advice is feasible. And it's easier to be accepted by the American people than the notorious proposal of Aldridge."

White House, living room.

Harvard professor A?P? Andrew said sincerely: "…The Federal Reserve is headquartered in the Federal Supreme Reserve Bureau, located in Washington, directly under supervision from the White House and Congress, and they cannot be influenced by the financial trusts in New York..."

"You know, Mr. President, finance is a professional business," said the orthodox economics elite frankly. "This central bank will be the heart of the United States. The White House and Capitol Hill are the brains. It must be operated by the most professional and upright people. For me, I am willing to accept the challenge. But I really can't guarantee that I can perform my duties perfectly - we still need Wall Street."

President William Howard Taft, who was haggard, had some heavy breathing sounds clearly.

"What do you mean, Congressman Glass?" The president, who was obviously thin but still huge, moved his body hard in the chair, as if the next moment would crush the most prominent chair in the United States. "You are an excellent banker... I hope to hear the true thoughts of Congress. You know how critical the situation in the United States is now."

"Sir President, judge from my professional experience," said Glass, with a serious expression. "This is a realistic and feasible solution. You know, it is impossible for Congress to approve the establishment of a fully state-owned Federal Reserve Bank, and it is impossible for the Supreme Court to allow this to happen... The United States of America rejects all forms of Bolshevikism."

Finance Minister McVeigh's face was pale, his expression was slightly distorted, and he looked at these people in silence.

"Mr. President, please see-

The entire reserve system consists of twelve regional regional reserve banks. It will not violate the states' **, will not deteriorate the federal government's relations with the states, and the members of the Midwest will not reject this important bill because of this..." said Glass. "There is no evil in this. I will talk to the banker's advisory committee four times a year, and each member represents his or her own Fed region. Can we protect the public's interests more than this arrangement?"

President Taft turned to McVay: "Franklin, what do you think?"

Franklin McVeigh looked at the president who was haggard and looked forward to his eyes. He still swallowed it back.

"Mr. President, you should remember the belief that we have always adhered to, Tedi..."

"Okay, Franklin 1," Taft shook his head, "Now I'm asking you what you think, not anyone else... I understand what you mean. Franklin, I'm the president now."

Taft paused and added: "Anyway, we have to do something, as…Teddy has always said. Damn, we have to do something!"

The president shook his head in anger and turned to the young man who had been silent.

"Mr. Warberg, are you here on behalf of Wall Street? Are you ready to respond to the call of the United States?"

"I am only representing myself, an ordinary immigrant who moved to the new world from the ancient continent of Europe." Paul Warberg, senior partner of Kuhn Loeb, said calmly. "But I have indeed communicated with several respected gentlemen on Wall Street, such as Mr. Jack Morgan, Mr. Jacob Schiff, and Mr. Harriman. Several major banks are willing to contribute, including Morgan, Chase Manhattan Bank, and Hannover Bank..."

"In addition, I think our plan is very different from the Aldridge Councilor's plan, but the basic spirit is still similar, but we pay more attention to government supervision." Paul Warberg said, "Other banks on Wall Street should not refuse... Mr. President, this is the only way to save Wall Street and the United States."

Taft's eyes swept across the faces with different expressions, and after a while, he closed his eyes and raised his head, not knowing what he was thinking.

After a long time, he stared at Grass: "When can Congress act?"

"It's OK," said Grass seriously. "We hope that as soon as possible... the United States is suffocating, and this is our last chance. So I urge the White House to reach an agreement with us that we cannot bear the repeated entanglement. In the name of God, we must act."

Taft was silent for a long time, and finally sighed: "Wait a few more days... I will think about it carefully."
Chapter completed!