Andy
Well-Known Member
- Joined
- Jan 6, 2008
- Messages
- 3,497
Washington Post reports
So let's see who this Paul Volcker is who is going to be in control of economic policy.
Let's see, he was President of the Federal Reserve Bank of New York during the brilliant 70s, and was appointed by Carter (another brilliant liberal) as Chairman of the Federal Reserve. Before this, he was a primary backer of ending the Gold Standard, which caused the massive stagflation of the 1970s, culminating in the price controlled gasoline shortages under Carter.
This guy is going to bring stability to our financial system? It was under his leadership that a nation wide protest of the Federal Reserve system happened, where farmers and protesters drove their farm equipment to the Federal Reserve building, and blocked it in on all sides.
He's a founding member of the Trilateral Commission who have openly stated:
So he is for rich CEO's of major multinational banks, of which Volcker is a member of Chase Manhattan. You know Chase, the bank that accepted billions from the Federal government as a bail out.
Nothing like a brilliant messiah, to go pick the worst failures of US history, and make them in charge of future policy.
President-elect Barack Obama chose former Federal Reserve Chairman Paul Volcker Wednesday to head a new White House panel to help create jobs and bring stability to the ailing financial system.
So let's see who this Paul Volcker is who is going to be in control of economic policy.
Let's see, he was President of the Federal Reserve Bank of New York during the brilliant 70s, and was appointed by Carter (another brilliant liberal) as Chairman of the Federal Reserve. Before this, he was a primary backer of ending the Gold Standard, which caused the massive stagflation of the 1970s, culminating in the price controlled gasoline shortages under Carter.
This guy is going to bring stability to our financial system? It was under his leadership that a nation wide protest of the Federal Reserve system happened, where farmers and protesters drove their farm equipment to the Federal Reserve building, and blocked it in on all sides.
He's a founding member of the Trilateral Commission who have openly stated:
private multinational banks, particularly Rockefeller's Chase Manhattan, have loaned nearly $52 billion to developing countries. An overhauled International Monetary Fund (IMF) would provide another source of credit for these nations, and would take the big private banks off the hook. This proposal is the cornerstone of the Trilateral plan.
So he is for rich CEO's of major multinational banks, of which Volcker is a member of Chase Manhattan. You know Chase, the bank that accepted billions from the Federal government as a bail out.
Nothing like a brilliant messiah, to go pick the worst failures of US history, and make them in charge of future policy.