emazur
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http://www.slate.com/id/2217811/
http://digg.com/business_finance/What_the_board_of_the_NY_Fed_reveals_about_the_bailout
Here's my comment from digg:
Last month I submitted a good article that exposed the Fed:
http://digg.com/business_finance/The_true_story_of_the_Federal_Reserve_banking_cartel
and people refused to believe that the Fed was a banking cartel created in a secret meeting at Jekyll Island by the world's richest private bankers, despite the fact that this information can be found on the Federal Reserve's website http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=3815
"The Jekyll Island Expedition"
"One evening in early November 1910, Warburg and a small party of men from New York quietly boarded Sen. Aldrich's private railway car, ostensibly for a trip south to an exclusive hunting club on an island off the coast of Georgia.
In addition to Warburg and Aldrich, the others, all highly regarded in the New York banking community, were: Frank Vanderlip, president of National City Bank; Harry P. Davison, a J.P. Morgan partner; Benjamin Strong, vice president of Banker's Trust Co.; and A. Piatt Andrew, former secretary of the National Monetary Commission and now assistant secretary of the Treasury. The real purpose of this historic "duck hunt" was to formulate a plan for US banking and currency reform that Aldrich could present to Congress."
Now the ex-NY Governor has basically stated that the Fed is a cartel made up of members of, by, and for the banks:
"So who selected Geithner back in 2003? Well, the Fed board created a select committee to pick the CEO. This committee included none other than Hank Greenberg, then the chairman of AIG; John Whitehead, a former chairman of Goldman Sachs; Walter Shipley, a former chairman of Chase Manhattan Bank, now JPMorgan Chase; and Pete Peterson, a former chairman of Lehman Bros. It was not a group of typical depositors worried about the security of their savings accounts but rather one whose interest was in preserving a capital structure and way of doing business that cried out for—but did not receive—harsh examination from the N.Y. Fed."
"So whom have the banks chosen to be the public representatives on the board during the past decade, as the crisis developed and unfolded? Dick Fuld, the former chairman of Lehman; Jeff Immelt, the chairman of GE; Gene McGrath, the chairman of Con Edison; Ronay Menschel, the chairwoman of Phipps Houses and also, not insignificantly, the wife of Richard Menschel, a former senior partner at Goldman. Whom did the Board of Governors choose as its public representatives? Steve Friedman, the former chairman of Goldman; Pete Peterson; Jerry Speyer, CEO of real estate giant Tishman Speyer; and Jerry Levin, the former chairman of Time Warner. These were the people who were supposedly representing our interests!"
Obama has chosen former NY Fed chief and Wall Street boy Geithner as his treasury secretary
YouTube - PROOF Obama is Wall Street's Lap Dog
and top Senate Democrat Dick Durbin has revealed that bankers own the US Congress: http://digg.com/politics/Top_Senate_Democrat_Bankers_Own_the_U_S_Congress
Is it any wonder why former Sec. of Labor Robert Reich stated: "Wall Street's self-serving view of the unique role of financial institutions is mirrored in the two agencies that run the American economy -- the Treasury and the Fed. Their job, as they see it, is to keep the financial economy "sound," by which they mean keeping Wall Street's own investors and creditors reasonably happy." http://tpmcafe.talkingpointsmemo.com/2008/11/22/why_were_rescuing_wall_street/
It's time to put an end to private banker control of the nation's money supply - the Federal Reserve, which is an institution that has the power to rescue its Wall Street's bankster buddies by creating money out of thin air (and for people who still refuse to believe the Fed can create money out of thin air, watch this:
(edit: deleted link - embedding here at RPF isn't working properly)
Is converting the private Federal Reserve into a public central bank the answer? No. If you watch the following interview, you'll see how Greenspan and the private Fed created the destructive bubbles that got us into this mess, he correctly identified the bubble but didn't do anything about it b/c the supposedly "independent" Fed had political pressure put on it:
YouTube - Greenspan's stock and real estate bubbles (2006 intrvw.) 1/3
YouTube - Greenspan's stock and real estate bubbles (2006 intrvw.) 2/3
YouTube - Greenspan's stock and real estate bubbles (2006 intrvw.) 3/3
So our elected officials are no better able to handle money matters than our unelected private Fed officials. The best solution is to give NOBODY the most awesome goddamn power in the whole world - the ability to create money out of nothing. End the Fed and go back to a Constitutional gold/silver standard (w/o fractional reserve banking) and this country will prosper like never before. America saw huge prosperity without a Federal Reserve in the period after the Civil War when the gold standard was reinstated (1870 til 1914), and we can return to that prosperity once again.
http://digg.com/business_finance/What_the_board_of_the_NY_Fed_reveals_about_the_bailout
Here's my comment from digg:
Last month I submitted a good article that exposed the Fed:
http://digg.com/business_finance/The_true_story_of_the_Federal_Reserve_banking_cartel
and people refused to believe that the Fed was a banking cartel created in a secret meeting at Jekyll Island by the world's richest private bankers, despite the fact that this information can be found on the Federal Reserve's website http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=3815
"The Jekyll Island Expedition"
"One evening in early November 1910, Warburg and a small party of men from New York quietly boarded Sen. Aldrich's private railway car, ostensibly for a trip south to an exclusive hunting club on an island off the coast of Georgia.
In addition to Warburg and Aldrich, the others, all highly regarded in the New York banking community, were: Frank Vanderlip, president of National City Bank; Harry P. Davison, a J.P. Morgan partner; Benjamin Strong, vice president of Banker's Trust Co.; and A. Piatt Andrew, former secretary of the National Monetary Commission and now assistant secretary of the Treasury. The real purpose of this historic "duck hunt" was to formulate a plan for US banking and currency reform that Aldrich could present to Congress."
Now the ex-NY Governor has basically stated that the Fed is a cartel made up of members of, by, and for the banks:
"So who selected Geithner back in 2003? Well, the Fed board created a select committee to pick the CEO. This committee included none other than Hank Greenberg, then the chairman of AIG; John Whitehead, a former chairman of Goldman Sachs; Walter Shipley, a former chairman of Chase Manhattan Bank, now JPMorgan Chase; and Pete Peterson, a former chairman of Lehman Bros. It was not a group of typical depositors worried about the security of their savings accounts but rather one whose interest was in preserving a capital structure and way of doing business that cried out for—but did not receive—harsh examination from the N.Y. Fed."
"So whom have the banks chosen to be the public representatives on the board during the past decade, as the crisis developed and unfolded? Dick Fuld, the former chairman of Lehman; Jeff Immelt, the chairman of GE; Gene McGrath, the chairman of Con Edison; Ronay Menschel, the chairwoman of Phipps Houses and also, not insignificantly, the wife of Richard Menschel, a former senior partner at Goldman. Whom did the Board of Governors choose as its public representatives? Steve Friedman, the former chairman of Goldman; Pete Peterson; Jerry Speyer, CEO of real estate giant Tishman Speyer; and Jerry Levin, the former chairman of Time Warner. These were the people who were supposedly representing our interests!"
Obama has chosen former NY Fed chief and Wall Street boy Geithner as his treasury secretary
YouTube - PROOF Obama is Wall Street's Lap Dog
and top Senate Democrat Dick Durbin has revealed that bankers own the US Congress: http://digg.com/politics/Top_Senate_Democrat_Bankers_Own_the_U_S_Congress
Is it any wonder why former Sec. of Labor Robert Reich stated: "Wall Street's self-serving view of the unique role of financial institutions is mirrored in the two agencies that run the American economy -- the Treasury and the Fed. Their job, as they see it, is to keep the financial economy "sound," by which they mean keeping Wall Street's own investors and creditors reasonably happy." http://tpmcafe.talkingpointsmemo.com/2008/11/22/why_were_rescuing_wall_street/
It's time to put an end to private banker control of the nation's money supply - the Federal Reserve, which is an institution that has the power to rescue its Wall Street's bankster buddies by creating money out of thin air (and for people who still refuse to believe the Fed can create money out of thin air, watch this:
(edit: deleted link - embedding here at RPF isn't working properly)
Is converting the private Federal Reserve into a public central bank the answer? No. If you watch the following interview, you'll see how Greenspan and the private Fed created the destructive bubbles that got us into this mess, he correctly identified the bubble but didn't do anything about it b/c the supposedly "independent" Fed had political pressure put on it:
YouTube - Greenspan's stock and real estate bubbles (2006 intrvw.) 1/3
YouTube - Greenspan's stock and real estate bubbles (2006 intrvw.) 2/3
YouTube - Greenspan's stock and real estate bubbles (2006 intrvw.) 3/3
So our elected officials are no better able to handle money matters than our unelected private Fed officials. The best solution is to give NOBODY the most awesome goddamn power in the whole world - the ability to create money out of nothing. End the Fed and go back to a Constitutional gold/silver standard (w/o fractional reserve banking) and this country will prosper like never before. America saw huge prosperity without a Federal Reserve in the period after the Civil War when the gold standard was reinstated (1870 til 1914), and we can return to that prosperity once again.
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