“Gary North: “The FED operates for the benefit of the largest banks”
Unlike fellow Mises devotee, Thomas DiLorenzo, who keeps calling the Fed a “national bank” and “government bank,” to obscure the fact that it´s 100% privately owned and operates at a profit for its shareholders, Gary North admitted on March 9, 2011, that the Fed “operates for the benefit of the largest banks.”
This is from the Daily Bell‘s bio on Suess:
“Who is he: Frank R. Suess is CEO & Chairman of BFI Capital Group Inc. and he heads up the BFI group of companies in Zurich, Switzerland. They provide wealth management and consulting companies including the Global Gold Program offering secure gold storage in Switzerland. Frank also personally advises a select group of BFI’s high net-worth clients around the world. Suess’s vast knowledge of Switzerland and Liechtenstein is appreciated in his capacity as a member of the Advisory Board for The Foundation for the Advancement of Free-Market Thinking (FAFMT).
An advocate of free-market principles, Frank frequently speaks and writes on global economic, geo-political and financial matters. He is the editor of the Mountain Vision Update, BFI’s complimentary weekly newsletter. Furthermore, he is a regular contributor to The Daily Bell.“