Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-04-15 Thread Michael Pugliese

-Caveat Lector-

Are you naive or just obtuse? Mullins, as any search on the net will show is
a vicious, Jew baiting neo-fascist. Connectedb to Richard Kelly Hoskins,
Aryan Nationsd, Posse Comitatus.Need sources? Do a search on google.
Recommend esp. the nizkor archives and Political Research Associates.
Michael Pugliese, raised in the old school of Catholic anti-semitism. I can
smell overt and covert anti-semitic garbage a mile away.

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Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-04-15 Thread William Shannon
In a message dated 4/15/01 12:13:47 PM Central Daylight Time,
[EMAIL PROTECTED] writes:


Are you naive or just obtuse? Mullins, as any search on the net will show is
a vicious, Jew baiting neo-fascist. Connectedb to Richard Kelly Hoskins,
Aryan Nationsd, Posse Comitatus.Need sources? Do a search on google.
Recommend esp. the nizkor archives and Political Research Associates.
Michael Pugliese, raised in the old school of Catholic anti-semitism. I can
smell overt and covert anti-semitic garbage a mile away.


LOL!!
I dunno'...I kinda like Mr.Mullins and find his book "The Secrets of the
Federal Reserve" a gem. Maybe that's because I own the "special" author's
70th birthday edition...or maybe it's his appreciation of Ezra Pound...or
maybe it's simply because he's right??

Bill.

P.S.- Nizkor as an unbiased source?? Now THAT is funny!


Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-04-15 Thread John Cone

-Caveat Lector-

--- William Shannon [EMAIL PROTECTED] wrote:
 [EMAIL PROTECTED] writes:

 "Mullins, as any search on the net will show is
 a vicious, Jew baiting neo-fascist.
 I can smell overt and covert anti-semitic garbage
 a mile away."
_
Nakano comments:
Ahhbut can [EMAIL PROTECTED] smell the truth
from any distance?  This is a typical example of
someone attacking and attempting to destroy the
credibility of a source of information, while
carefully
avoiding any analysis of the information itself.
(This is a favorite tactic of the Clintons).

I have met Eustace Mullins and heard him speak on
two occasions. I have read 3 of his books.
I have given away several copies of Mullins's
"Secrets of the Federal Reserve".  I did not find
him to be any of the nasty things he is called.

No matter what you may think of Mullins, this book
stands as the authoritative groundbreaking expose' of
the FED.
It was first published in 1954, predating the works
of several other authors by decades.
Mullin's book is based on a mountain of research,
with more than enough details and references to
silence
any critic who actually reads the book.

I highly recommend Secrets of the Federal Reserve
to anyone who is serious about looking behind the
curtain and begin learning about the dark
realities behind the illusions of our world.
 Nakano
___


 I dunno'...I kinda like Mr.Mullins and find his book
 "The Secrets of the
 Federal Reserve" a gem. Maybe that's because I own
 the "special" author's
 70th birthday edition...or maybe it's his
 appreciation of Ezra Pound...or
 maybe it's simply because he's right??

 Bill.

 P.S.- Nizkor as an unbiased source?? Now THAT is
 funny!





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Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-04-04 Thread John Cone

-Caveat Lector-

--- "Nurev Ind." [EMAIL PROTECTED] wrote:
 Very solid piece of work eh? Grieder vs Mullins and
 you claim that Mullins is the standard?
  Losing credibility buddy.
 J2
_
Nakano replies:
"Secrets of the Federal Reserve" by Eustace Mullins
was first published in 1954.  It scooped Grieder
by about 33 years.
Mullin's book has the distinction of having been
seized and burned in Germany...perhaps the only
book to be so honored since the end of World War 2.

William Greider's book hasn't been seized and burned
by anyone anywherenor will it be.  It doesn't
reveal any really disturbing information.
The very fact that Greider's book was available in
the national brand bookstores, is a strong indication
that it contains nothing that the "ruling cabal"
doesn't want the general public to know about.
Mullin's book has never been available in regular
bookstores.  They don't even have his book listed
in their computer indexes.
William Greider has solid "establishment" credentials.
He was formerly an assistant managing editor at the
Washington Post and a correspondent for PBS.
The guy is strictly a propaganda mouthpiece for
the so-called "ruling elite".
Greider's book won the Los Angeles Times Book Award.
In other words, his book had the stamp of approval
from the "establishment media".
What further proof could you ask for, that his book
was thoroughly diluted, sanitized, and totally
non-threatening to those who control the "money
power"?

So...J2, you really like this guy huh?

 Nakano

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Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-04-03 Thread Gavin Philips

-Caveat Lector-

Worldnetdaily are pushing a lengthy investigative
piece in their magazine. Info below. Gavin.




http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=22016

Coup d'état in 1913




© 2001 WorldNetDaily.com


Few Americans realize how radically America was
changed in 1913 with the passage of the Federal
Reserve Act.

Maybe most Americans don't even care.

"How does the Federal Reserve Board affect my life?"
they think. "What do I know from Alan Greenspan? He's
the guy who decides what interest rates are, right?"

The truth is the Federal Reserve, created in 1913, is
a wholly unaccountable, private institution that
affects the lives of every American -- probably more
directly and profoundly than does the president of the
United States. That's why Greenspan is often referred
to as the most powerful man in America.

The Federal Reserve Act of 1913 was an attempt to take
advantage of popular opinion in the United States for
banking reforms. In effect, however, it was not reform
at all. It was a power transfer -- a coup in which a
small group of bankers got a blank check to set
monetary policy, and, thus, all policy, for the entire
nation. No watchdogs. No guardrails. No
accountability. Nada. Zip. Zilch.

Perhaps Rep. Charles A. Lindberg Sr. said it best at
the time: "It is common practice of congressmen to
make the title of acts promise a right, but in the
body or text of the acts to rob the people of what is
promised in the title."

The very name "Federal Reserve Bank" was designed to
deceive. It is not federal. It is not a government
agency. It is privately owned. In short, it is nothing
more than a group of private banks charging interest
on money that never actually existed.

"Oh, Farah," you're probably saying right now. "Whoa,
fella. This is too much for me to absorb. Are you sure
about this? This sounds like conspiracy stuff? Why
isn't anyone talking about something so amazing?"

Well, the good news is that WorldNetDaily.com is about
to launch a major salvo to wake up Americans about who
really owns their country -- or, at least, who acts
like they own it.

In the current issue of WorldNet magazine, being
mailed to subscribers this week, an expert on the
subject of the Fed and a top-notch journalist, Anne
Williamson, will break the bad news in clear,
understandable, accessible terms that even your child
in high school will be able to comprehend.

Williamson has written for the Wall Street Journal,
the New York Times, Spy magazine, Film Comment and
Premiere. An expert on Soviet-Russian affairs, she is
currently working on a book, "Contagion: The Betrayal
of Liberty; Russia and the United States in the
1990s." She has so much expertise on Russia, the Fed
and the International Monetary Fund that she has been
asked to testify to Congress, so that those ladies and
gentlemen can get a better understanding of the
institutions Williamson has covered most of her adult
life.

Her exhaustive report in WorldNet will be promoted in
TV and radio appearances this week. Don't miss them.
And don't miss her report in the magazine. If you are
not yet subscribing, order it right now. This may be
America's last best chance to learn who is pulling our
strings.

In a nutshell, here's how this Fed scheme works,
ladies and gentlemen. Are you sitting down? Are you
ready for this?

The government prints $100 billion in interest-bearing
U.S. bonds and takes them to the Federal Reserve. The
Federal Reserve places the $100 billion in a checking
account and the government writes checks against the
balance.

In other words, we -- the American people -- allow
this private banking system to create money out of
thin air. And the bankers get interest on it --
forever.

It's a legalized counterfeiting operation -- pure and
simple.

Way back in 1931, Louis T. McFadden, chairman of the
House Banking and Currency Committee, saw the problem:
"The Federal Reserve Board and banks are the duly
appointed agents of the foreign central banks of issue
and they are more concerned with their foreign
customer than they are with the people of the United
States. The only thing that is American about the
Federal Reserve Board and banks is the money they
use."

"Mr. Chairman," he pleaded on the House floor a year
later, "we have in this country one of the most
corrupt institutions the world has ever known. I refer
to the Federal Reserve Board and the Federal Reserve
Banks. … Some people think that the Federal Reserve
Banks are United States government institutions. They
are not government institutions. They are private
credit monopolies which prey upon the people of the
United States for the benefit of themselves and their
foreign customers; foreign and domestic speculators
and swindlers; and rich and predatory money lenders.
In that dark crew of financial pirates there are those
who would cut a man's throat to get a dollar out of
his pocket; there are 

Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-04-03 Thread Aleisha Saba

-Caveat Lector-

Might do well to remember that Charles Lindberg a National Hero who had
his baby kidnapped and murdered, was labeled  a NAZI for taking on this
system.

And further this Anti Defamation League - it sure looks right now,
formed also in 1913 and anyone who opposed the Federal Reserve System
has been labeled by this pile of crap as Nazisput on hate lists by
FBI based on the word of these hoodlums - note this bribe they took from
Marc Rich in order to bribe the President of the United States?

So who finaced WWI and WWII and cui bono.

Why has this ADL been permited to put Militias, Christians, and Islam
Moslems on hate lists and hit lists?

Boy Americans were sure suckered in on this Federal Reserve who are
nothing more than big time pawn brokers?

The enemy has been withing for a long, long time..and militias and
any Christian groups should sue this ADL for all it is worth - as Dees
does of this so called Southern Poverty Stricken Law Center who is now
worth over 100 million?

Time to take out country back...open the flood gates.

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Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-04-03 Thread Nurev Ind.

-Caveat Lector-

John Cone wrote:

 -Caveat Lector-

 --- "Stopforth, Jamie" [EMAIL PROTECTED]
 wrote:
  I'll check out that book... Thanks for the
  information Michael.

  From: michael pugliese [mailto:[EMAIL PROTECTED]]
  Eustace Mullins? PUH-LEEZE!
  Wanna read something factual on the Federal Reserve
  read, "Secrets of the Temple, " by William Greider,
 
 Nakano comments:
 WRONG!  Greider's book is a cheap imitation of
 Mullin's book.
 Many people were coming into regular bookstores
 and asking for "Secrets of the Federal Reserve"
 which these stores refused to carry.
 Someone saw an opportunity to write a book and
 give it a sound-alike title.
 I have read both books.
 Greider's is a shallow whitewash that pretends to
 be a serious investigation.
 Whatever you may think of Eustace Mullins he is
 an amazing researcher.  His book is heavily footnoted
 and referenced.
 I don't know what all he may be doing now, I don't
 keep up with his activitiesbut his book on
 the Federal Reserve is the standard against which
 all others are measured.  It is a very solid piece
 of work and I highly recommend it.
 In fact, I have given away several copies over the
 past 15 years.
 Nakano


Very solid piece of work eh? Grieder vs Mullins and
you claim that Mullins is the standard?

Losing credibility buddy.

J2

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Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-04-02 Thread Stopforth, Jamie
Title: RE: [CTRL] Anyone Have Any Articles on the Federal Reserve?





I'll check out that book... Thanks for the information Michael.


Jamie


-Original Message-
From: michael pugliese [mailto:[EMAIL PROTECTED]]
Sent: Wednesday, March 28, 2001 9:05 PM
To: [EMAIL PROTECTED]
Subject: Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?



-Caveat Lector-


Eustace Mullins? PUH-LEEZE! Heard him interviewed by Christian
Identity loon,
Rev. Jim Wickstrom on the Posse Comitatus radio show back around
fall of '99. Blathered on about thousands of Christian
children being kidnapped by Jews here in the U.S. and killed
after Satanic rituals like drinking their blood.
Wanna read something factual on the Federal Reserve read, Secrets
of the Temple,  by William Greider, the writer for Rolling Stone
that did the famous interview
with David Stockman early in the Gippers first term in infamy.
Michael Pugliese


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sordid matters and 'conspiracy theory'-with its many half-truths, mis-
directions and outright frauds-is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.


Let us please be civil and as always, Caveat Lector.

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Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-04-02 Thread Nurev Ind.

-Caveat Lector-

 "Stopforth, Jamie" wrote:

 I'll check out that book... Thanks for the information Michael.

 Jamie

 -Original Message-
 From: michael pugliese [mailto:[EMAIL PROTECTED]]
 Sent: Wednesday, March 28, 2001 9:05 PM
 To: [EMAIL PROTECTED]
 Subject: Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

 -Caveat Lector-

 Eustace Mullins? PUH-LEEZE! Heard him interviewed by Christian
 Identity loon,
 Rev. Jim Wickstrom on the Posse Comitatus radio show back around
 fall of '99. Blathered on about thousands of Christian
 children being kidnapped by Jews here in the U.S. and killed
 after Satanic rituals like drinking their blood.
 Wanna read something factual on the Federal Reserve read, "Secrets
 of the Temple, " by William Greider, the writer for Rolling Stone
 that did the famous interview
 with David Stockman early in the Gippers first term in infamy.
 Michael Pugliese


I agree with Michael on both points.

Joshua2

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That being said, CTRLgives no endorsement to the validity of posts, and
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Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-04-02 Thread MICHAEL SPITZER

-Caveat Lector-

On Mon, 2 Apr 2001, Stopforth, Jamie wrote:

 I'll check out that book... Thanks for the information Michael.


I'm gonna say this one more time:

READ Eustace Mullins' work, "Secrets of the Federal
Reserve."

Regardless of what ppl say, it *IS* the definitive piece.
Eustace Mullins *is* "the father of the FIOA."  He is one of a
very few who actually got the majority of what he asked for.
Before the "Evilarchy" realized that the FOIA was even being used
to uncover things that were theretofore impossible to acquire,
Mullins got things that never before were available.  The result:
Secrets of the Fedeeral Reserve.  ANY ONE that has written of the
Fed Reserve since Mullins did, whether they know it or not, are
using his research, PERIOD!


=
 Kadosh, Kadosh, Kadosh, YHVH, TZEVAOT

  FROM THE DESK OF:
*Michael Spitzer*  [EMAIL PROTECTED]
 ~~~
  The Best Way To Destroy Enemies Is To Change Them To Friends
=

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sordid matters and 'conspiracy theory'—with its many half-truths, mis-
directions and outright frauds—is used politically by different groups with
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That being said, CTRLgives no endorsement to the validity of posts, and
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Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-04-02 Thread M.A. Johnson

-Caveat Lector-

~~for educational purposes only~~
[Title 17 U.S.C. section 107]

Does the Fed Fight Inflation?
by Frank Shostak

The Federal Open Market Committee, the
executive arm of the US central bank, has
voted to raise the federal funds rate and the
discount rate by 0.5%, to 6.5% and 6%
respectively. In its press release, the Federal
Reserve said,

Increases in demand have remained
in excess of even the rapid pace of
productivity-driven gains in potential
supply, exerting continued pressure on
resources. The Committee is concerned
that this disparity in the growth of
demand and potential supply will
continue, which could foster inflationary
imbalances that would undermine the
economy's outstanding performance

It would seem that the action taken by the
central bank is aimed at countering the
possible increase in the rate of inflation.
Indeed most experts are of the view that the
Fed has been too soft on inflation for too
long; by raising interest rates by 0.5%, it
has displayed strong leadership and determination
to eradicate the inflationary menace.

In response to the Fed's tighter stance, stock
prices rose on investor optimism that the US
central bank action will keep consumer prices
in check. So it would appear that general rise
in prices, labelled as inflation, is caused by
an economic overheating i.e. demand exceeds
supply. But how is it possible for economic
activity to 'overheat'?

In a market economy an individual exchanges by
means of money goods that he produces for goods
and services produced by other individuals. In
short he exchanges goods that he produced for
money and then exchanges money for goods and
services he wants to have.  Before an individual
can exercise his demand for goods and services
he must produce goods and services that can
be exchanged for money. This in turn implies
that production must precede consumption.

So long as every increase in consumption is
supported by production, no overheating, so to
speak, can occur. The overheating emerges once
there is an attempt to raise consumption without
the backup from production. 'Overheating'
requires the emergence of an exchange where
individuals exchange nothing for money and
then exchange money for goods and services.

This can only occur when the money supply is
expanding. The increase in the money stock means
that the newly printed money wasn't earned; it
originated out of the 'blue'. Once demand for
goods and services, which is not supported by
production arises, overheating will occur, which
will take the form of a general rise in prices,
labelled as inflation.

Since growing money stock is the ultimate source
of overheating why is the Fed regarded as an
inflation fighter? It is the central bank
together with the fractional reserve banking
system that makes the increase in the stock of
money possible?

The reason why the Fed can masquerade as an
inflation fighter stems from a misleading definition
of what inflation really is. According to Mises,

What many people today call inflation or
deflation is no longer the great increase
or decline in the supply of money, but its
inexorable consequences, the general tendency
toward a rise or fall in commodity prices and
wage rates.

In short according to Mises inflation is not general
rise in prices, it is simply an increase in the money
stock.

Why is this important? Once inflation is defined
as a general rise in prices, then anything, which
contributes to price rises, is called inflationary
and therefore must be guarded against. Not only has
the central bank in this framework nothing to do
with inflation, but on the contrary the bank is
regarded as an inflation fighter. A fall in
unemployment or a rise in economic activity are
  all seen as potential inflationary triggers and
therefore must be restrained by the central bank's
policies. Some other triggers like rises in
commodity prices or workers wages are also
regarded as potential threats and therefore
must be always under the watchful eye of the
central bank.

This way of thinking views the economy as an
unstable entity, which is prone to self-inflicting
damages and therefore must be under the constant
supervision of the central bank. Accordingly,
individuals are depicted as automatons that are
driven by mysterious destabilising psychological
factors.

However, regardless of psychological factors
individuals actions are always conscious and
purposeful. This in turn means that by striving
to attain ends or goals individuals activities
cannot be destabilizing but quite the opposite.

What disrupts this process is the existence of
the central bank and the fractional reserve banking
system, which permits the expansion of the money
stock. It is the expansion of the money stock that
gives rise to consumption that is not backed up
by production and hence to economic overheating.
In other words it is not overheating that causes
inflation, but rather it is inflation 

Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-04-02 Thread M.A. Johnson

-Caveat Lector-

~~for educational purposes only~~
[Title 17 U.S.C. section 107]

Economic Woes and the Federal Reserve
Ron Paul

Last week was tumultuous for worldwide stock markets,
some of which ended the week at their lowest levels
in years. Our own Dow-Jones and NASDAQ market indices
both suffered heavy losses, while the Japanese Nikkei
index fell to its lowest level since 1985! Nervous
investors scrambled to sell even blue-chip holdings,
especially after news that projected 2001 earnings
would be lower than expected for many companies.

The market downturn is not surprising. An economic
slowdown began in 2000, accelerating in the last quarter
of the year. All indications suggest the U.S. economy
is headed for a further slowdown in economic growth,
if not an outright recession. Already we have seen
thousands of job cuts, and not only in the
market-sensitive high tech sector. Economic output,
as measured by the gross domestic product, dropped
every quarter in 2000.

Amazingly, some in Washington and the popular media want
to blame President Bush and his administration for our
current economic predicament. Never mind that growth
began slowing fully one year before he took office.
Apparently, certain politicians believe that the President
is causing a recession merely by talking about the economic
data. One prominent Congressman fretted that "we've been
talking ourselves into this. Now it's happening." In other
words, Mr. Bush is "talking down the economy," making a
recession more likely simply by discussing reality.

Such thinking should be dismissed as absurd. Economic
recessions are not the result of a gloomy national state of
mind; if so, we could create economic prosperity simply by
positive thinking. Yet basic education in economics is so
badly lacking in America that many will accept this
preposterous idea. The same ignorance of economic principles
is behind the fallacy that capitalism is to blame for
recessions, that a free market system causes an inevitable
cycle of booms and busts. In reality, it is government
intervention in the economy, particularly in the areas of
money supply and interest rates, which creates the precarious
financial bubbles that cause economic recessions.

The Federal Reserve did two things to artificially expand
the economy over the last decade. First, it relentlessly
lowered interest rates whenever growth slowed. Interest
rates should be set by the free market, with the availability
of capital (i.e. savings) determining the cost of borrowing
money. In a healthy market economy, more saving equals lower
interest rates. When savings rates are low, capital dries up
and the cost of borrowing increases. When interest rates are
set by the market, individuals and businesses make good
spending decisions, because they pay an accurate interest
rate for their debts. However, when the Fed set rates
artificially low, the cost of borrowing becomes cheap.
Individuals incur greater amounts of debt (evidenced by
the record number of personal bankruptcies), while businesses
overextend themselves and grow without real gains in
productivity. The bubble bursts quickly once the credit
dries up and the bills cannot be paid.

Second, the Fed also steadily increased the monetary
supply throughout the 1990s by printing money. Recent Fed
numbers show yearly increases of nearly 15% in the M2 money
supply. Since 1996, the Fed has poured more than $100
billion in new dollars into the U.S. economy. These new
dollars may make Americans feel richer, but the net result
of monetary inflation has to be the devaluation of savings
and purchasing power. Prices seemed stable over the last
decade, but many types of inflation were not reported as
such. An obvious example is stock prices, where companies
making little or no profit often sold shares at ridiculous
price/earnings ratios. Housing and energy prices also
rose dramatically, and wholesale price inflation is an
increasing threat. So while monetary inflation creates a
sense of prosperity in the short run, long-term it simply
makes your dollars worth less.

Only six months ago, market pundits were still proclaiming
a new era of unending prosperity. They claimed that the
fundamentals no longer mattered, that technology would
save us from any more bear markets. Technology is wonderful,
but it cannot save us from our own misguided monetary
policies. Until we stop permitting the Fed to manipulate
the economy, real prosperity will elude us. The Fed received
credit for the boom times of the 1990s, yet its policies
are responsible for the market correction and economic
recession we are experiencing today.

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Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-04-02 Thread M.A. Johnson

-Caveat Lector-

~~for educational purposes only~~
[Title 17 U.S.C. section 107]

The Myth of the 'Independent' Fed
by Thomas J.  DiLorenzo

Ever since its founding in 1913, the Fed has described
itself as an 'independent' agency operated by selfless
public servants striving to 'fine-tune' the economy
through monetary policy.  In reality, however, a
nonpolitical governmental institution is as likely as
a barking cat.  Yet, the myth of an 'independent' Fed
persists.  One reason this myth persists is that statist
textbooks have helped perpetuate it for decades.

 From 1948 until about 1980 Paul Samuelson's Economics
was the best-selling introductory economics text.
Generations of students were introduced to economics
by Samuelson.  Although not as popular as it once was,
Samuelson's text (now co-authored with William Nordhaus)
is still widely used.  According to the 1989 edition:

   The Federal Reserve's goals are steady growth in national
   output and low unemployment.  Its sworn enemy is inflation.
   If aggregate demand is excessive, so that prices are being
   bid up, the Federal Reserve Board may want to slow the growth
   of the money supply, thereby slowing aggregate demand and
   output growth.  If unemployment is high and business
   languishing, the Fed may consider increasing the money
   supply, thereby raising aggregate demand and augmenting
   output growth.  In a nutshell, this is the function of
   central banking, which is an essential part of macroeconomic
   management in all mixed economies.

For about the past fifteen years the top-selling economics text
has been Campbell McConnell's Economics, which echoes Samuelson
and Nordhaus's idealistic statism:

   Because it is a public body, the decisions of the Board
   of Governors are made in what it perceives to be the public
   interest ... the Federal Reserve Banks are not guided by
   the profit motive, but rather, they pursue those measures
   which the Board of Governors recommends ... The fundamental
   objective of monetary policy is to assist the economy in
   achieving a full employment, noninflationary level of total
   output.  These are mere wishes, not statements of facts, for
   there is voluminous evidence that the Fed -- like all other
   governmental institutions -- has always been manipulated by
   politicians.


The Fed as a Political Tool

When the Fed was founded, it was controlled by two groups, the
Governors' Conference, composed of the twelve regional bank
presidents, and the seven-member Federal Reserve Board in
Washington.  In 1935 the Fed was reorganized to concentrate
nearly all power in Washington.  Franklin Roosevelt 'packed'
the Fed just as he later filled the U.S. Supreme Court with
political sycophants.  Roosevelt appointed Martinet Eccles, a
strong supporter of deficit spending and inflationary finance,
as Fed Chairman, although Eccles had no financial background
and lacked even an undergraduate degree.  In those years the
Fed was really run by Eccles's political mentor, Treasury
Secretary Henry Morgenthau, Jr., and thus ultimately Roosevelt.

Later presidents were no less willing to influence supposedly
independent Fed policy.  According to the late Robert Weintraub,
the Federal Reserve fundamentally shifted its monetary policy
course in 1953, 1961, 1969, 1974, and 1977-all years in which
the presidency changed.  Fed policy almost always changes to
accommodate varying presidential preferences.

For example, President Eisenhower wanted slower money growth.
The money supply grew by 1.73 percent during his
administration -- the slowest rate in a decade.  President
Kennedy desired somewhat faster money creation.  From January
1961 to November 1963, the basic money supply grew by 2.31
percent.  Lyndon Johnson required rapid money creation to
finance his expansion of the welfare/warfare state.
Money-supply growth more than doubled to 5 percent.  These
varying rates of monetary growth all occurred under the same
Fed chairman, William McChesney Martin, who obviously was more
interested in pleasing his political master than in
implementing an independent monetary policy.

Martin's successor, Arthur Burns, was such a staunch supporter
of Richard Nixon that he lost all professional credibility by
enthusiastically endorsing Nixon's disastrous wage and price
controls.  Even though his staff informed him in the fall of
1972 that the money supply was forecast to grow by an extremely
robust 10.5 percent in the third quarter, Burns advocated ever
faster growth before the election.  The growth rate in the
money supply in 1972 was the fastest for any one year since
the end of World War II and helped re-elect Richard Nixon.

However, President Ford called for slower monetary growth as
part of his 'Whip Inflation Now' program, and the Fed complied
with a 4.7 percent growth rate.  But when Jimmy Carter was
elected, Burns again complied with presidential wishes by stepping
up the growth rate to 8.5 percent.  Carter did not 

Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-04-02 Thread John Cone

-Caveat Lector-

--- "Stopforth, Jamie" [EMAIL PROTECTED]
wrote:
 I'll check out that book... Thanks for the
 information Michael.

 From: michael pugliese [mailto:[EMAIL PROTECTED]]
 Eustace Mullins? PUH-LEEZE!
 Wanna read something factual on the Federal Reserve
 read, "Secrets of the Temple, " by William Greider,

Nakano comments:
WRONG!  Greider's book is a cheap imitation of
Mullin's book.
Many people were coming into regular bookstores
and asking for "Secrets of the Federal Reserve"
which these stores refused to carry.
Someone saw an opportunity to write a book and
give it a sound-alike title.
I have read both books.
Greider's is a shallow whitewash that pretends to
be a serious investigation.
Whatever you may think of Eustace Mullins he is
an amazing researcher.  His book is heavily footnoted
and referenced.
I don't know what all he may be doing now, I don't
keep up with his activitiesbut his book on
the Federal Reserve is the standard against which
all others are measured.  It is a very solid piece
of work and I highly recommend it.
In fact, I have given away several copies over the
past 15 years.
Nakano

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Get email at your own domain with Yahoo! Mail.
http://personal.mail.yahoo.com/

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Re: [CTRL] Anyone have any articles on the Federal Reserve System?

2001-03-29 Thread Linda Minor

-Caveat Lector-

Here's another source--written by Webster Tarpley, author of The
Unauthorized Biography of George Bush--at
http://www.tarpley.net/29crash.htm


Excerpted from
AGAINST
OLIGARCHY
Essays  speeches
1970-1996
by Webster G. Tarpley

PART 7

BRITISH FINANCIAL WARFARE: 1929; 1931- 33
HOW THE CITY OF LONDON CREATED THE GREAT DEPRESSION

by Webster G. Tarpley
December, 1996
The thesis of this paper is that the great economic and financial cataclysm
of the first half of the twentieth century, which we have come to know as
the Great Depression, was caused by the Bank of England, the British
government, and the City of London. The potential for the Great Depression
derived from the economic and human destruction wrought by World War I,
which was itself a product of British geopolitics and especially of the
British policy, exemplified by King Edward VII, of creating an encircling
anti-German alliance in order to wage war. The economic destruction of
Europe was continued after 1918 by the Peace of Paris (Versailles, St.
Germain, Trianon, Neuilly, Sevres) imposed by the Allies on the defeated
Central Powers. Especially important here were the 55 billion gold dollars
in reparations inflicted on defeated Germany, along with the war debt burden
of the supposedly victorious powers themselves. Never during the 1920's did
world trade surpass the levels of 1913. Reparations and war debt were a
recipe for economic stagnation.

The ravaged post-war, post-Versailles world of the 1920's provides the main
backdrop for the following considerations:

1. The events leading to the Great Depression are all related to British
economic warfare against the rest of the world, which mainly took the form
of the attempt to restore a London- centered world monetary system
incorporating the gold standard. The efforts of the British oligarchy in
this regard were carried out by a clique of international central bankers
dominated by Lord Montagu Norman of the Bank of England, assisted by his
tools Benjamin Strong of the New York Federal Reserve Bank and Hjalmar
Schacht of the German Reichsbank. This British-controlled gold standard
proved to be a straightjacket for world economic development, somewhat along
the lines of the deflationary Maastricht "convergence criteria" of the late
1990's.

2. The New York stock exchange speculation of the Coolidge-Hoover era was
not a spontaneous phenomenon, but was rather deliberately encouraged by
Norman and Strong under the pretext of relieving pressure on the overvalued
British pound sterling after its gold convertibility had been restored in
1925. In practice, the pro-speculation policies of the US Federal Reserve
were promoted by Montagu Norman and his satellites for the express purpose
of fomenting a Bubble Economy in the United States, just as later central
bankers fostered a Bubble Economy in Japan after 1986. When this Wall Street
Bubble had reached gargantuan proportions in the autumn of 1929, Montagu
Norman sharply cut the British bank rate, repatriating British hot money,
and pulling the rug out from under the Wall Street speculators, thus
deliberately and consciously imploding the US markets. This caused a violent
depression in the United States and some other countries, with the collapse
of financial markets and the contraction of production and employment. In
1929, Norman engineered a collapse by puncturing the bubble.

3. This depression was rendered far more severe and, most importantly,
permanent, by the British default on gold payment in September, 1931. This
British default, including all details of its timing and modalities, and
also the subsequent British gambit of competitive devaluations, were
deliberate measures of economic warfare on the part of the Bank of England.
British actions amounted to the deliberate destruction of the pound sterling
system, which was the only world monetary system in existence at that time.
The collapse of world trade became irreversible. With deliberate prompting
from the British, currency blocs emerged, with the clear implication that
currency blocs like the German Reichsmark and the Japanese yen would soon
have to go to war to obtain the oil and other natural resources that orderly
world trade could no longer provide. In 1931, Norman engineered a
disintegration by detonating the gold backing of the pound sterling.

4. In the United States, the deliberate British default of September 1931
led, given the do-nothing Hoover Administration policies, directly to the
banking crisis of 1932-33, which closed down or severely restricted
virtually every bank in the country by the morning of Franklin D.
Roosevelt's inauguration. If Roosevelt had not broken decisively with
Hoover's impotent refusal to fight the depression, constitutional government
might have collapsed. As it was, FDR was able to roll back the
disintegration, but economic depression and mass unemployment were not
overcome until 1940 and the passage of Lend-Lease.

As we have already 

Re: [CTRL] Anyone have any articles on the Federal Reserve System ?

2001-03-29 Thread Stopforth, Jamie
Title: RE: [CTRL] Anyone have any articles on the Federal Reserve System?





Thanks Bob and all who have offered articles or references. It's most interesting in deed... If only people knew the truth.

Jamie


-Original Message-
From: Bob Stokes [mailto:[EMAIL PROTECTED]]
Sent: Wednesday, March 28, 2001 6:21 PM
To: [EMAIL PROTECTED]
Subject: Re: [CTRL] Anyone have any articles on the Federal Reserve
System?



-Caveat Lector-


In a message dated 3/28/01 5:11:25 PM Mountain Standard Time,
[EMAIL PROTECTED] writes:


 On Wed, 28 Mar 2001, Stopforth, Jamie wrote:


 I'm doing some research and would like any info anyone has on it.

 Thanks,
 Jamie 


The CTRL archives have many articles that were posted over the last four
years. I would venture to say that you'll find more than fifty references.


Regards,
Bob Stokes


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sordid matters and 'conspiracy theory'-with its many half-truths, mis-
directions and outright frauds-is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
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Let us please be civil and as always, Caveat Lector.

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[CTRL] Anyone have any articles on the Federal Reserve System?

2001-03-28 Thread Stopforth, Jamie
Title: Anyone have any articles on the Federal Reserve System?





 I'm doing some research and would like any info anyone has on it.


Thanks,
Jamie



If you ever teach a yodeling class, probably the hardest thing is to keep the students from just trying to yodel right off. You see, we build to that.





Re: [CTRL] Anyone have any articles on the Federal Reserve System?

2001-03-28 Thread MICHAEL SPITZER

-Caveat Lector-

On Wed, 28 Mar 2001, Stopforth, Jamie wrote:

   I'm doing some research and would like any info anyone has on it.

 Thanks,
 Jamie


The definitive work:

"Secrets of the Federal Reserve," by Eustace Mullins


=
 Kadosh, Kadosh, Kadosh, YHVH, TZEVAOT

  FROM THE DESK OF:
*Michael Spitzer*  [EMAIL PROTECTED]
 ~~~
  The Best Way To Destroy Enemies Is To Change Them To Friends
=

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sordid matters and 'conspiracy theory'—with its many half-truths, mis-
directions and outright frauds—is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
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Let us please be civil and as always, Caveat Lector.

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Re: [CTRL] Anyone have any articles on the Federal Reserve System?

2001-03-28 Thread Bob Stokes

-Caveat Lector-

In a message dated 3/28/01 5:11:25 PM Mountain Standard Time,
[EMAIL PROTECTED] writes:

 On Wed, 28 Mar 2001, Stopforth, Jamie wrote:

I'm doing some research and would like any info anyone has on it.
 
  Thanks,
  Jamie 

The CTRL archives have many articles that were posted over the last four
years.  I would venture to say that you'll find more than fifty references.

Regards,
Bob Stokes

A HREF="http://www.ctrl.org/"www.ctrl.org/A
DECLARATION  DISCLAIMER
==
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sordid matters and 'conspiracy theory'—with its many half-truths, mis-
directions and outright frauds—is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.

Let us please be civil and as always, Caveat Lector.

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Re: [CTRL] Anyone Have Any Articles on the Federal Reserve?

2001-03-28 Thread michael pugliese

-Caveat Lector-

Eustace Mullins? PUH-LEEZE! Heard him interviewed by Christian
Identity loon,
Rev. Jim Wickstrom on the Posse Comitatus radio show back around
fall of '99. Blathered on about thousands of Christian
children being kidnapped by Jews here in the U.S. and killed
after Satanic rituals like drinking their blood.
Wanna read something factual on the Federal Reserve read, "Secrets
of the Temple, " by William Greider, the writer for Rolling Stone
that did the famous interview
with David Stockman early in the Gippers first term in infamy.
Michael Pugliese

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screeds are unwelcomed. Substance—not soap-boxing—please!  These are
sordid matters and 'conspiracy theory'—with its many half-truths, mis-
directions and outright frauds—is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.

Let us please be civil and as always, Caveat Lector.

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Re: [CTRL] Anyone have any articles on the Federal Reserve System?

2001-03-28 Thread Cliff Hume

-Caveat Lector-

Buy G. Edward Griffin's, The Creature From Jekyll Island - A Second Look at
the Federal Reserve. Go to www.realityzone.com or write to Melinda Wiman -
[EMAIL PROTECTED]

You can also read Professor Antony C. Suttons's, The Federal Reserve
Conspiracy - 105 pages. $10.00 plus shipping. From Global Insights, # 246
Carson City, NV 89701. Phone-775-885-0700 or fax toll free 877-726-2632 Be
sure to ask for their free Catalogue.

Yours truly,

Cliff Hume.


At 05:11 PM 3/28/01 -0700, you wrote:
-Caveat Lector-

On Wed, 28 Mar 2001, Stopforth, Jamie wrote:

   I'm doing some research and would like any info anyone has on it.

 Thanks,
 Jamie


The definitive work:

"Secrets of the Federal Reserve," by Eustace Mullins


=
 Kadosh, Kadosh, Kadosh, YHVH, TZEVAOT

  FROM THE DESK OF:
*Michael Spitzer*  [EMAIL PROTECTED]
 ~~~
  The Best Way To Destroy Enemies Is To Change Them To Friends
=

A HREF="http://www.ctrl.org/"www.ctrl.org/A
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==
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screeds are unwelcomed. Substance—not soap-boxing—please!  These are
sordid matters and 'conspiracy theory'—with its many half-truths, mis-
directions and outright frauds—is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.

Let us please be civil and as always, Caveat Lector.

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screeds are unwelcomed. Substance—not soap-boxing—please!  These are
sordid matters and 'conspiracy theory'—with its many half-truths, mis-
directions and outright frauds—is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.

Let us please be civil and as always, Caveat Lector.

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