The Federal Reserve loaned out extra lines of credit to lower banks and those banks loaned out the extra credit to the people. In Capitalism there wouldn't be extra money given to banks to loan out. The banks would restrict credit and the business cycle would stablize itself.
When the economy turned bad starting in the mid 1920s people couldn't pay back all of their credit, banks lost money and failed, and the Great Depression started.
Person # 2: "yeah dude...too bad he couldn't just print his own money like Ben Bernanke can at the Federal Reserve!!!! He would be home free!"
The fat cat international bankers,
(1) buy top leaders around the world, then
(2) create private banks called the "Federal Reserve," "Central Bank of Xcountry…,” "Bank of xxcountry"
(3) detach paper currency from the Gold standard;
(4) use the Treasury to print, horde, or release currency, to bubble or bust countries around the world. To gain power and mo resources.
George Soros is their most famous member.