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Julian 🏛️🪐
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Co-Founder & CEO @apollosats

Nice! Everything’s pretty dry up here now, and we’ve got deer issues…need to make some adjustments 😅

Happy 4th, nostriches 🇺🇸⚡️

Cozy schizoposting notes and other stuff into the ether on a Saturday afternoon while ‘social media’ collapses

The people needed to be protected from “periodic sinister expansion and contraction of credits leading to ‘bull markets’ and ‘bear markets’…”

In 1913, the creation of the Federal Reserve was a cause of heated political debate.

Robert Owen was the Chairman of the Senate Committee on Banking and Currency, and co-sponsored the legislation creating the Federal Reserve.

Joseph Talbert was the VP of National City Bank of New York (now Citibank).

Talbert objected to the creation of the Fed, on several grounds, including that the Fed members would be “mere politicians…political appointees”

Owen responded that this was a “slur”

Wow, this letter is a must read for any #bitcoin historian

Written by one of the most senior politicians pushing to create the Federal Reserve in 1913, Robert Owen.

In it he argues in favor of the Central Bank, and answers objections from one of the most powerful private bankers at the time, Joseph Talbert.

It gives some great insight into the reasons and rhetoric of the Pro-Fed movement at its creation. 🧵

Having memes stolen hits different on nostr when there are actual sats at stake 😂