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The Federal Reserve's close relationship with the Bank of England and other major central banks has been enhanced through periodic meetings at the Bank for International Settlements in Basel since 1963. But it has been over only the past quarter century, with the emergence of regular meetings of the finance ministers and central bankers of the Group of Five, and later the Group of Seven, that interactions between the Federal Reserve and the British Treasury and other major finance ministries have taken on special importance.
But the Federal Reserve's association with Britain's monetary authorities goes back even further. The tie between the Bank of England and the Federal Reserve was cemented during the 1920s in that extraordinary relationship between Benjamin Strong, the President of the New York Federal Reserve Bank, and Montague Norman, the Governor of the Bank of England. Their correspondence yields quite fascinating insight into the way they interpreted events that are now important history. The ties developed then between the Federal Reserve and British monetary authorities endure to this day.
Originally posted by cbass
There is no such thing as America anymore...
...Say your last goodbys now or forever hold your peace.
Originally posted by sacerd
We have already seems the loss of power amongst the states which in my opinion was the biggest mistake America has ever made.