The View From 1776
The Artillery Is Now At Point Blank Range
Read the Wall Street Journal’s lead editorial for February 29th: The Bernanke Reflation.
Did Greenspan actually advise the Persian Gulf Arab nations to sever the USDollar peg to their currencies? Yes, he did! In doing so, he shows more Swiss stripes. This man has taken residence where his loyalty originated for perhaps 20 years, in Europe. His second paycheck by the Swiss Uber-bankers did not receive proper scrutiny. What was his objective? Now the Arab sheiks can cut their US$ peg and use Greenspan for political cover. The impact on the USDollar on the downside, and gold on the upside, will be profound. The Petro-Dollar has not received proper press coverage. Has any analyst except the Jackass mentioned the risk to the USDollar from the eventual lost US$ peg, followed by a removal of the Petro-Dollar standard?
For the first time in my memory, an interviewed expert guest described the US financial situation as moving toward a Banana Republic. Dan Mitchell is a senior fellow of the Heritage Foundation. He advocates reduced taxation, smaller and less intrusive government involvement, and more. He advocates supply side tax policy and fundamental tax reform
[url="http://www.financialsense.com/fsu/editorials/willie/2008/0229.html"]Financial Sense: Recharged Gold & Silver Trend
by Jim Willie, [/url]
I have read several articles following the Fed testimony that are out and out scary. They believe the Fed is either clueless about what the impact of inflation is going to have or it is deliberate to save the banking institutions (international ones)and the wealth of the elite (again international) even if the nation is sacrificed. Many believe there will be no way to save the dollar if this trend continues.
We have to remember that the Federal Reserve is a private corporation and not an arm of government. While their is government oversight, all the appointees to the government's oversight board come from people who were in the private corporation's network. While the people in that network are not all closely linked to the international banking cartel that controls the key Fed banks like the N.Y. Federal Reserve, they are influenced by it.
Look at the membership of the CFR, for example and the links to banking, large corporations and politicians.
Officers and Directors Emeriti:
Leslie H. Gelb (President Emeritus)
Maurice R. Greenberg (Honorary Vice Chairman)
Charles McC. Mathias, Jr. (Director Emeritus)
Peter G. Peterson (Chairman Emeritus)
David Rockefeller (Honorary Chairman)
Robert A. Scalapino (Director Emeritus)Posted by JanPBurr on 03/01 at 12:01 PM
- Board of Directors
Carla A. Hills
Co-Chairman; Chairman and Chief Executive Officer, Hills & Company
Robert E. Rubin
Co-Chairman; Director and Chairman of the Executive Committee, Citigroup, Inc.
Richard E. Salomon
Vice Chairman; Chairman, Mecox Ventures, Inc.
Richard N. Haass
President, Council on Foreign Relations
Managing Director, Rockport Capital, Inc.
M. Khadduri Prof. of Middle Eastern Studies, Paul H. Nitze School of Advanced International Studies, Johns Hopkins University
Madeleine K. Albright
Principal, The Albright Group LLC
Senior International Partner, Wilmer Cutler Pickering Hale and Dorr LLP
Henry S. Bienen
President, Northwestern University
Stephen W. Bosworth
Dean, The Fletcher School, Tufts University
Sylvia Mathews Burwell
President, Global Development Program, Bill & Melinda Gates Foundation
Frank J. Caufield
Co-Founder, Kleiner Perkins Caufield & Byers
Kenneth M. Duberstein
Chairman and CEO, The Duberstein Group, Inc.
Martin S. Feldstein
President, <b>National Bureau of Economic Research<b>
Richard N. Foster
Managing Partner, Millbrook Management Group LLC
Chairman, Stone Point Capital
Ann M. Fudge
Helene D. Gayle
President & CEO, CARE
Maurice R. Greenberg
Chairman & CEO, C.V. Starr & Co., Inc.
Richard C. Holbrooke
Vice Chairman, Perseus LLC
Karen Elliott House
Alberto IbargPosted by JanPBurr on 03/01 at 12:03 PM