by James Turk
Read the full article on gata.org
An important document buried in the Federal Reserve’s archives has been discovered by writer and researcher Elaine Supkis. This document is posted on her blog.
The document, which is marked “Confidential,” is from the papers of William McChesney Martin Jr., and this collection is held by the Missouri Historical Society. A scanned image of the original document is posted by the Federal Reserve Bank of St. Louis.
Martin was the longest-serving chairman of the Board of Governors of the Federal Reserve System, and worked there under five U.S. presidents from April 1951 to January 1970. It was during his tenure that the dollar devolved from “as good as gold” to a perennially inflated fiat currency backed by nothing but government promises, which makes one ponder what could have happened to the dollar had Martin been an advocate of sound money dedicated to preserving the dollar’s link to gold. Instead, during his tenure the U.S. Gold Reserve declined by nearly one-half from 633.2 million ounces to 339.5 million ounces, while M3, the total quantity of dollar currency, soared more than three-fold from $190.0 billion to $616.1 billion.
I have just finished listening to Ms Fitts speak on a local talk radio program. It was like looking at myself in the mirror. I was hearing my thoughts & feelings being expounded.
I do not believe there is a solution for this dilemna that now faces this country. The money masters. the mighty who rule these lands are not going to relinquish their hold on the world assets.
War is a profitable biz & it ain’t goin away. We are now under the rule of the corp fascists & over 38,000 full time lobbyists in DC. So, please will someone who believes themselves to be more enlightened & worldly, bring forth a workable remedy. Pres Eisenhower warned us to beware of the military industrial complex. Who knew better than he an ex army general & president?
In law, silence is acquiescence or consent. Isn’t America the land of the “silent majority?” This country just emerged from 8 years of rule under a despot who so arrogantly stated the Constitution, the rule of law was just an outdated piece of worthless paper. And the legislative body of this nation under the grand inept leadership of Nancy Pelosi did nothing to remedy the wrong doings of that administration…. in case y’all forgot it is called impeachment. So stop whining & complaining, you got exactly what you asked for. The laws of nature always prevail, the big finis eat the little fish. Just consider yourselves as a nice meal for wall st, the banksters, the Madoffs of this world etc. The abuses of power & greed are too numerous to list.
“Those who do not learn from history, are doomed to repeat it.”
I HAVE NOT READ THE FED’S BLUEPRINT YET, BUT I WILL. THAT BANK NEEDS TO BE DISSOLVED OR AT THE LEAST NATIONALIZED. I PREFER DISSOLVED.
I READ RECENTLY AND I HAVE NO WAY TO CONFIRM THIS SO IT MAYBE ANOTHER INTERNET FALACY.
THE ROTHSCHILD FAMILY IS REPORTED TO BE WORTH $500 TRILLION. AND SINCE THEY OWN PART OF THE FEDERAL RESERVE ACCORDING TO SEVERAL RELIABLE SOURCES THEY COULD CARE LESS ABOUT US OR OUR COUNTRY. ALL THEY WANT IS POWER AND MONEY. THEY ARE REPORTED TO OWN THE BANK OF ENGLAND AND PART OWNERS IN OTHER CENTRAL BANKS IN THE WORLD. THERE CONTROL AND POWER IS TRULY EVIL.
WAR IS THE BIGGEST MONEY MAKER FOR ALL OF THESE FAMILIES.
SO NOW THAT IN A SMALL NUT SHELL TELLS YOU WHO IS THE MAJOR CONTROLLER OF ALL THE FINANCIAL MARKETS WORLD WIDE.
Whether or not president Obama is “in the pocket” of the same old oligarchs (visible & hidden) the only way genuine basic change will happen is from a well-organized movement demanding it. the change needs to be in the fundamental organizing principle of our current world: our money. Obama, all of our political and industrial leaders, and all of us individuals, are dependent on money to set our priorities. Only when this incredibly powerful organizing principle is supplanted by one that enables different priorities than accumulation and concentration of wealth and power, will we see a world NOT ruled by money. This is the ultimate dilemma oall human history. How can we keep the most powerful magical organizing principle ever concieved, yet change its priorities?
We will never see a world NOT ruled by money. Can we change money in a way that it no longer rules by terror, desperation, deprivation, and instead rules with cooperation, sustainability, love, sharing and enriching the earth?
I have confidence in Journalist Lucy Komisar’s work. I would love to have confidence in the Treasury Nominee but this information seems to confirm for me that another of the new guard is just more of the same … and they are going to run our federal government.
http://thekomisarscoop.com/2009/01/19/finance-us-treasury-nominee-failed-to-halt-bond-scam/