Tim Iacono at The Mess That Greenspan Made posted a portion of the longer Zeitgeist Movie, the Federal Reserve, on his blog. It has interesting account of the history of the Federal Reserve, and then a bit of conspiracy theory.
Zeitgeist – The Movie: Federal Reserve
After watching what has happened over the last year, it seems that conspiracy theorists give central bankers way too much credit for being able to manage things.
From Wikipedia:
The third part is called "Don’t Mind the Men Behind the Curtain", a reference to the 1939 film The Wizard of Oz. The four main wars of the United States’ 20th century are argued by the film to have been started or engaged in purely to further the economic strength of a group of men. Events attempted to be exposed as fraudulent or staged are the sinking of the RMS Lusitania, the Attack on Pearl Harbor, and the Gulf of Tonkin Incident; all occurrences which carried the U.S into the First World War, Second World War and Vietnam War respectively.
According to the film, the U.S. was forced by the Federal Reserve Bank to become embroiled in these wars not to win but to sustain conflict, as it forces its government to borrow more money from the bank, with interest attached, thereby increasing the nation’s debt and the profits of those who own The Fed. The film gives a history of the Reserve, claiming it engineered the Great Depression to steal wealth from the American population and was responsible for the attempts to assassinate Louis McFadden, a congressman who attempted to impeach the Reserve.
This section also explores the possibility that there is a clandestine movement, promoted by the Security and Prosperity Partnership of North America, to usurp the American constitution and US dollar, by merging the United States, Canada and Mexico into a North American Union that uses a single currency, the Amero, without the ratification of Congress. This currency union would create a super-state similar to the European Union, which together with the African Union and the proposed Asian Union would gradually be merged into a One World government. The movie concludes that under such a government, every human could be implanted with a RFID microchip which would be used to monitor individuals and suppress dissent. The movie ends, however, on an optimistic note, expressing confidence in the possibility of overthrowing oppressive forces and the ultimate triumph of revolution through enlightenment.
