CHAPTER
14 - Congressional Exposé
"Mr. Volcker's politics is something of an enigma."--New York Times
Since 1933 when Eugene Meyer resigned from the Federal Reserve Board of
Governors, no member of the international banking families has personally
served on the Board of Governors. They have chosen to work from behind the
scenes through carefully selected presidents of the Federal Reserve Bank of
New York and other employees.
The
present chairman of the Federal Reserve Board of Governors is Paul Volcker.
His appointment was greeted by one well-known economist with the following
prediction, "Volcker's selection has been by far the worst. Carter has put
Dracula in charge of the blood bank. To us, it means a crash and depression
in the 80s is more certain than ever."
Col. E.C. Harwood's Research Report, August 6, 1979, gave much the same
view. "Paul Volcker is from the same mold as the unsound money men who have
misguided the monetary actions of this nation for the past five decades. The
outcome probably will be equally disastrous for the dollar and the U.S.
economy."
Despite these gloomy views, the report from The New York Times on the
selection of Volcker was positively ecstatic. On July 26, 1979, The Times
commented that Volcker learned "the business" from Robert Roosa, now partner
of Brown Brothers Harriman, and that Volcker had been part of the Roosa
Brain Trust at the Federal Reserve Bank of New York, and, later, at the
Treasury in the Kennedy administration. "David Rockefeller, the chairman of
Chase, and Mr. Roosa were strong influences in the Mr. Carter decision to
name Mr. Volcker for the Reserve Board chairmanship." The New York Times did
not point out that David Rockefeller and Robert Roosa had previously chosen
Mr. Carter, a member of the Trilateral Commission, as the presidential
candidate of the Democratic Party, or that Mr. Carter would hardly refuse to
appoint their choice of Paul Volcker as the new Chairman of the Federal
Reserve Board. Nor is it straining the point to be reminded that this manner
of selection of the Chairman of the Board of Governors is directly in the
line of royal prerogative going back to George Peabody's initial agreement
with N.M. Rothschild, to the Jekyll Island meeting, and to the enactment of
the Federal Reserve Act.
The Times noted that "Volcker's choice was approved by European banks
in Bonn, Frankfurt and Zurich." William Simon, former Secretary of Treasury,
was quoted as saying "a marvelous choice." The Times further noted
that the Dow market rose on Volcker's nomination, registering the best gains
in three weeks for a rise of 9.73 points, and that the dollar rose sharply
on foreign exchange at home and abroad.
Who
was Volcker, that his appointment could have such an effect on the stock
market and the value of the dollar in foreign exchange? He represented the
most powerful house of "the London Connection," Brown Brothers Harriman, and
the London houses which directed the Rockefeller empire. On July 29, 1979,
The Times had said of Volcker, "New Man Will Chart His Own Course".
Volcker's background shows that this was nonsense. His course has always
been charted for him by his masters in London. He attended Princeton,
obtained an M.A. at Harvard, and went to the London School of Economics
1951-52, the banker's graduate school. He then came to the Federal Reserve
Bank of New York as an economist from 1952-57, economist at Chase Manhattan
Bank, 1957-61, with Treasury Department 1961-65, as deputy under secretary
for monetary affairs, 1963-65, and under secretary for monetary affairs,
1969-74. He then became President of the Federal Reserve Bank of New York
from 1975-79, when Carter, at the behest of Robert Roosa and David
Rockefeller, appointed him Chairman of the Federal Reserve Board of
Governors. He was succeeded as President of Federal Reserve Bank of New York
by Anthony Solomon, a Harvard Ph.D. who was with the OPA 1941-42 and with
the government financial mission to Iran 1942-46. He operated a canned food
company in Mexico from 1951-61, was president of International Investment
Corp. for Yugoslavia 1969-72 (a communist country), under secretary for
monetary affairs at Treasury 1977-80. In short, Solomon's background was
much the same as Paul Volcker's.
The New York Times stated on December 2, 1981, "For years the Federal
Reserve was the second or third most secret institution in town. The
Sunshine Act of 1976 penetrated the curtain a trifle. The board now holds a
public meeting once a week on Wednesday at 10 a.m., but not to discuss
Monetary policy, which is still regarded as top secret and not to be
discussed in public." The Times mentioned that when Open Market Committee
meetings are held, Solomon and Volcker sit together at the head of the table
and relay the instructions which they have received from abroad.
Behind Volcker and Solomon stands Robert Roosa, Secretary of the Treasury in
Carter's shadow cabinet, and representing Brown Brothers Harriman, the
Trilateral Commission, the Council on Foreign Relations, the Bilderbergers,
and the Royal Economic Institute. He is a trustee of the Rockefeller
Foundation, and a director of Texaco and American Express companies. Dr.
Martin Larson points out that "The international consortium of financiers
known as the Bilderbergers, who meet annually in profound secrecy to
determine the destiny of the western world, is a creature of the
Rockefeller-Rothschild alliance, and that it held its third meeting on St.
Simons Island, only a short distance from Jekyll Island." Larson also states
that "The Rockefeller interests work in close alliance with the Rothschilds
and other central banks."
On
June 18, 1983, President Ronald Reagan ended months of speculation by
announcing that he was reappointing Paul Volcker as Chairman of the Federal
Reserve Board of Governors for another four year term, although Volcker's
term was not up until August 6, 1983. Reagan's reappointment of a Carter
appointee puzzled some political observers, but apparently he had succumbed
to considerable pressure, as indicated by a lead editorial in The Washington
Post, June 10, 1983, "There is no one who matches Mr. Volcker in both
political standing and grasp of the intricate networks that make up the
world's financial system." The anonymous writer gave no documentation for
his elevation of Volcker to the standing of the world's greatest financier,
and as for his political standing, The New York Times commented on June 19,
1983, "Mr. Volcker's politics is something of an enigma." His
"non-political" stance conforms with the Washington tradition of "the
political independence of the Fed" which has been maintained for many years.
However, the problem of its dependence on "the London connection" has never
been discussed in Washington.
In
reality, Volcker is more of a politician than an economist. After attending
the London School of Economics, and finding out who issues the orders of the
international financial community, Volcker has ever since played the game.
Not once has he failed to carry out the orders of the "London Connection"
Can
it really be possible that "The London Connection" exists, and that men like
Volcker and Solomon receive their instructions, in however devious or
indirect a manner, from foreign bankers? Let us look at the evidence,
circumstantial, to be sure, but circumstantial evidence of the quality which
has often sent men to the penitentiary or to the electric chair. John Moody
pointed out in 1911 that seven men of the Morgan group, allied with the
Standard Oil-Kuhn, Loeb group, ruled the United States. Where do these
groups stand in the financial picture today?
U.S. News published on April 11, 1983, a list of the largest bank holding
companies in the United States by assets as of December 31, 1982. Number 1
is Citicorp, New York, with assets of $130 billion. This is Baker and
Morgan's First National Bank of New York, merged with National City Bank in
1955, two of the largest purchasers of Federal Reserve Bank of New York
stock in 1914. Number 3, is Chase Manhattan, New York, with assets of $80.9
billion. This is Chase and Bank of Manhattan merged, the Rockefeller and
Kuhn Loeb group, also purchasers of Federal Reserve Bank of New York stock
in 1914. Number 4 is Manufacturers Hanover of New York $64 billion, also
purchaser of Federal Reserve Bank of New York stock in 1914. Number 5 is
J.P. Morgan Company of New York, $58.6 billion in assets and holder of
considerable Federal Reserve Bank stock. Number 6 is Chemical Bank of New
York, $48.3 billion also purchaser of Federal Reserve stock in 1914. And
Number 11, First Chicago Corporation, the First National Bank of Chicago
which was principal correspondent of the Morgan-Baker bank in New York, and
which furnished the first two presidents of the Federal Advisory Council.
The
direct line which leads from the participants in the Jekyll Island
Conference of 1910 to the present day is illustrated by a passage from "A
Primer on Money", Committee on Banking and Currency, U.S. House of
Representatives, 88th Congress, 2d session, August 5, 1964, p. 75:
"The practical effect of requiring all purchases to be made through the open
market is to take money from the taxpayer and give it to the dealers. It
forces the Government to pay a toll for borrowing money. There are six
'bank' dealers: First National City Bank of New York; Chemical Crop.
Exchange Bank, New York, Morgan Guaranty Trust Co., New York, Bankers Trust
of New York, First National Bank of Chicago, and Continental Illinois Bank
of Chicago."
Thus the banks which receive a "toll" on all money borrowed by the
Government of the United States are the same banks which planned the Federal
Reserve Act of 1913. There is ample evidence demonstrating the present
preeminence of the same banks which set up the Federal Reserve System in
1914. For instance, Warren Brookes writes on the editorial page of The
Washington Post, June 6, 1983:
"Citicorp (National City Bank and First National Bank of New York, merged in
1955) just recorded an 18.6% return on equity, J.P. Morgan, 17%, Chemical
Bank and Bankers Trust, nearly 16%, an exceptional rate of return."
These are the banks which bought the first issue of Federal Reserve Bank
stock in 1914, and which owned the controlling interest in the Federal
Reserve Bank of New York, which sets the interest rate and is the bank for
all open market operations.
These banks also profit steadily from the otherwise inexplicable
fluctuations in monetary growth and interest rates. Brookes further comments
on
"actual monetary growth rates alternately gyrating from 0 to 17% in
successive six month periods for three recession-wracked years. The two
measures of money growth most admired by Milton Friedman M2 and M3, have
actually shown little change on a year to year basis in the 1972-82 period."
Thus we have money growth rates gyrating from 0 to 17% but no actual year to
year changes, which raises the question of why we cannot have stability of
monetary growth throughout the year. The answer is that the big profits are
made by these gyrations, and the next question is, who sets in motion these
gyrations? The answer is "the London Connection".
To
draw attention from the continued control of the bankers and their heirs,
who obtained the government monopoly of the nation's money and credit in
1913, the paid propagandists of the controlled media monopoly and academia
are constantly trotting forth new and more exotic theories of economics.
Thus James Burnham, one of the National Review propagandists, won fame with
a ridiculous theory of "the managers". He postulated that the old arbiters
of wealth, the J.P. Morgans, the Warburgs and the Rothschilds had, by 1950,
disappeared from the scene, being replaced by a new class of "managers".
This theory, which had no foundation in fact, served to obscure the fact
that the same people still controlled the monetary system of the world. The
"managers" were just that, executives like Volcker who were front men, paid
employees who would continue to receive their paychecks only as long as they
carried out their employers' instructions. Burnham remains a well-paid
propagandist at the National Review, which many prominent leaders,
including President Reagan, believe to be a "conservative" publication.
Continue chapter 14
Foreword
to Secrets of the Federal Reserve
Chapter
1
-
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14
ADDENDUM
BIBLIOGRAPHY
BIOGRAPHIES
INDEX
REAL Freedom
Library
History of Banking Fraud:
The Coming Battle
By M. W. WALBERT
The
Coming Battle documents from Congressional records, newspaper reports
and writings by the founding fathers and others a chronology of events long
forgotten that shaped our fledgling nation from 1776 to 1899. Read about the
manipulation of our money and its supply, the intentional creation of
recessions, depressions and panics, manipulation of the stock markets, and
the demonetization of silver.
Secrets of the Federal Reserve
by Eustace Mullins
Eustace Mullins' carefully
researched and documented treatise picks up from Walbert's expose' of
control of the money supply and the economy and
brings it to the mid 1980's.
The
World Order
by Eustace Mullins
How control of the world's money has inexorably led to an ever tighter
grip on control of the world's people.
Brave New World
by Aldous Huxley
Huxley presents a dystopic view of a future
in which mind-control creates a harmonized society stratified into classes
suitably manipulated and deprived to carry out work tasks with a hive
mentality. A foreign element is inserted when a high ranking Alpha brings a
Native American from a Reservation and a new perspective on freedom gnaws at
the fabric of the propaganda matrix.
Propaganda
by Edward Bernays
Walter
Lippmann's book, Public Opinion, published in 1922, detailed the
study in which he and Edward Bernays were involved while in London during
the First World War. It had to do with painting pictures inside people's
heads, which were cunningly and deliberately designed by expert craftsmen to
mislead not only individuals but entire societies.
Pawns in the Game
by William Guy Carr
This is the classic expose' of the New World Order from a Commander in
the Canadian Navy through the first half of the 20th Century.
Commander Carr was introduced to the Hidden Hand early in his life and
pursuing its mysteries became a lifelong mission.
Social Credit
by CH Douglas
In every country of the world the global financial system has
repeatedly been brought to the Bar of
Public Opinion as the chief factor in world unrest, and there is little
doubt that the jury of We the People has confirmed the Verdict somewhat rhetorically
expressed by Mr. William Jennings Bryan in his famous election speech: "The
money power preys upon the nation in times of peace, and conspires against
it in times of adversity. It is more despotic than monarchy, more insolent
than autocracy, more selfish than bureaucracy. It denounces, as public
enemies, all who question its methods, or throw light upon its crimes. It
can only be overthrown by the awakened conscience of the nation."
Social Credit by C.H. Douglas can clarify the issues from which we can
move forward to create a financial system that is fair and equitable.
Final Warning: A History of the New World Order
by
by David
Allen Rivera
David Allen Rivera has assembled a very carefully written history that
can serve us well. To have been
ignored in the history books, by the colleges and
universities, the print and electronic media, and the entire
national and international discussion shows their power to control
the flow of information as much as they control the flow of money.
What they intend to do with this power and influence should be one
of the most vital topics of conversation.
An Independent Investigation of 9-11 and its Zionist Connection
by Dr. Albert Pastore
History
provides patterns that we can learn to recognize so that we can avoid
them. Properly presented, history provides any of us with
invaluable tools to help us see behind the illusions. No one who
is paying attention to the patterns and their application to today's
events would fail to miss the signals or the dog that fails to bark.
Uranium Wars by Leuren Moret
How control of the world's people has inexorably led to wider use of
depopulation methods which include spreading radioactivity in food,
water, air, and the human genome.
Taking Back Your Power
by Allen Aslan Heart
WHAT CAN YOU DO? Stop playing THEIR game. Take back
your power. Stop paying taxes that are not legal or lawful. Stop paying
bills you don't really owe. Debt Elimination! Stop using THEIR money. There ARE ways if you
open your mind and look for the gaps in their fences that keep the sheeple
in their pasture. Are you chattel or a real person? You are the one who
makes that choice.
| 
Secrets
of the Federal Reserve by Eustace
Mullins
