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Non-Tech : Money Supply & The Federal Reserve

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To: Cush who started this subject8/8/2002 9:56:36 PM
From: glenn_a   of 1379
 
Hi Cush!

Wow, I've never been the "2nd poster" on a forum before. I think I must be moving up in the world or something. LOL!

First, thank-you very much for forming this forum Cush. Hopefully others also will take an interest in this very important topic, and stop by to browse and contribute.

I'll be on holidays for a week starting this Friday, but for those wanting to learn something about the nature of the U.S. Federal Reserve, I'm going to try either tomorrow night, or when I get back from holidays, to post a summary regarding the birth of the Federal Reserve Bank in the U.S. in 1913. Its birth is a fascinating one, highly secretive, and has its proximate origins in a meeting on Jekyll Island in 1910 by 7 white Anglo-saxon males who collectively represented amongst themselves over 25% of the world's wealth - most importantly, they significantly represented the interests of the European Rothschilds, and Morgan and Rockefellar interests in the U.S. The intellectual leadership came from European merchant banker Paul Warburg ... and one of the 7 representatives attending this very secretive meeting, Benjamin Strong, became the first Chairman of the N.Y. Federal Reserve Board. Strong was also a fast friend of the Alan Greenspan of the period, long-serving Governor of the Bank of England, Montagu Norman.

Interestingly, the Federal Reserve System is actually the third Central Bank that has existed in the history of the American Republic, and there is ... wait, I'm getting a bit ahead of myself. It's a long story to tell, and it's not my intention to pen the story this evening.

Hopefully, more tomorrow night ...

Regards, and thanks again for your initiative Cush.

Glenn
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