Meet The Fed Family And Co

Ok I must make a new thread regarding this issue as my formatting was wrong but its worth doing it again

Now This thread is going to be a very long read but will be interesting to some people who wish to understand money and who and what makes it go round and the players in this game.. Its not a joke nor shall the basic evidence i provide be such. You can question the source of this information by all means but please fact check against my own details... and yes its all from Wikipedia. I know some people do not like this site much but its got basic information one can use to connect dots very easy and cross reference people and dates.. So lets begin..

The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Created in 1913 by the enactment of the Federal Reserve Act (signed by Woodrow Wilson), it is a quasi-public and quasi-private (government entity with private components) banking system[1] that comprises (1) the presidentially appointed Board of Governors of the Federal Reserve System in Washington, D.C.; (2) the Federal Open Market Committee; (3) twelve regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors; (4) numerous other private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Banks; and (5) various advisory councils. Since February 2006, Ben Bernanke has served as the Chairman of the Board of Governors of the Federal Reserve System. Donald Kohn is the current Vice Chairman (Term: June 2006–June 2010).

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shall we keep going? do you really want to? well.. I do so lets look at this Act shall we.

For nearly eighty years, the U.S had been operating without a central bank after the charter for the Second Bank of the United States expired. However, after various financial panics, particularly a severe one in 1907, there was a growing consensus in the American financial community that some sort of banking and currency reform was needed which could provide a ready reserve of liquid assets in case of financial panics and would also provide for a currency that could expand and contract as the seasonal U.S. economy dictated. Some of this was chronicled in the reports of the National Monetary Commission (1909-1912), which was created by the Aldrich-Vreeland Act in 1908. Included in a report of the Commission, submitted to Congress on January 9, 1912, were recommendations and draft legislation with 59 sections, for proposed changes in U.S. banking and currency laws. [1] The proposed legislation was known as the Aldrich Plan, named after the chairman of the Commission, Republican Senator Nelson W. Aldrich of Rhode Island. The Plan called for a system of twelve regional central banks, known as National Reserve Associations, whose actions would be coordinated by a national board of commercial bankers. The Reserve associations would make emergency loans to member banks, create money to provide an elastic currency, and would act as fiscal agents for the U.S. government. State and nationally chartered banks would have the option of subscribing to specified stock in their regional reserve association.

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Now lets play ball

Nelson Wilmarth Aldrich (November 6, 1841 – April 16, 1915) was a prominent American politician and a leader of the Republican Party in the Senate, where he served from 1881 to 1911.

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interesting fellow

Because of his impact on national politics and central position on the pivotal Senate Finance Committee, he was referred to by the press and public alike as the "General Manager of the Nation", dominating all tariff and monetary policies in the first decade of the 20th century. In a career that spanned three decades, Aldrich helped to create an extensive system of tariffs that protected American factories and farms from foreign competition. He rebuilt the American financial system along Progressive lines through the institution of the federal income tax amendment and the Federal Reserve System. He did so in the belief that it would lead to greater efficiency. Aldrich became wealthy with investments in street railroads, sugar, rubber and banking. His son Richard Steere Aldrich became a U.S. Representative, and his daughter, Abby, married John D. Rockefeller, Jr., the only son of John D. Rockefeller. Her son, Nelson Aldrich Rockefeller, served as Vice President of the United States under Gerald Ford.

got to love this guy

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John Davison Rockefeller (July 8, 1839 – May 23, 1937) was an American industrialist and philanthropist. Rockefeller revolutionized the petroleum industry and defined the structure of modern philanthropy. In 1870, he founded the Standard Oil Company and ran it until he officially retired in 1897.[1] Standard Oil began as an Ohio partnership formed by John D. Rockefeller, his brother William Rockefeller, Henry Flagler, chemist Samuel Andrews, and a silent partner Stephen V. Harkness. Rockefeller kept his stock and as gasoline grew in importance, his wealth soared and he became the world's richest man and first American billionaire, and is often regarded as the richest person in history.[2][3][4][5]

and his brat

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After graduation, Rockefeller, Jr. joined his father's business (October 1, 1897) and set up operations in the newly-formed family office at Standard Oil's headquarters at 26 Broadway. He became a Standard Oil director; he later also became a director in J. P. Morgan's U.S. Steel company,

and now? you see any dots? any names? oh boy oh boy

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John Pierpont Morgan (April 17, 1837 – March 31, 1913) was an American financier, banker and art collector who dominated corporate finance and industrial consolidation during his time. In 1892 Morgan arranged the merger of Edison General Electric and Thompson-Houston Electric Company to form General Electric. After financing the creation of the Federal Steel Company he merged the Carnegie Steel Company and several other steel and iron businesses to form the United States Steel Corporation in 1901. He is widely credited with having saved or rescued the U.S. national economy in general—and the federal government in particular—on two separate occasions. He bequeathed much of his large art collection to the Metropolitan Museum of Art in New York City and to the Wadsworth Atheneum of Hartford, Connecticut. He died in Rome, Italy, in 1913 at the age of 75, leaving his fortune and business to his son, John Pierpont "Jack" Morgan, Jr.

~

not a fan of this guy what so ever...

During the American Civil War, Morgan was approached to finance the purchase of antiquated rifles being sold by the army for $3.50 each. Morgan's partner re-machined them and sold the rifles back to the army for $22 each. These guns were defective and were known to blow the thumbs off of those who used them. While it became a scandal, the military knew it was buying back its own guns and Morgan never even saw the guns, acting only as a lender.[citation needed] Morgan himself, like many wealthy persons, avoided military service by paying $300 for a substitute

what a chickenhawk!!! sorry felt like saying that considering the do all the arms dealing get back to that later!

After the 1893 death of Anthony Drexel, the firm was rechristened J. P. Morgan & Company in 1895, and retained close ties with Drexel & Company of Philadelphia, Morgan, Harjes & Company of Paris, and J.S. Morgan & Company (after 1910 Morgan, Grenfell & Company), of London. By 1900, it was one of the most powerful banking houses of the world, carrying through many deals especially reorganizations and consolidations. Morgan had many partners over the years, such as George W. Perkins, but remained firmly in charge.[3] In 1895, at the depths of the Panic of 1893, the Federal Treasury was nearly out of gold. President Grover Cleveland arranged for Morgan to create a private syndicate on Wall Street to supply the U.S. Treasury with $65 million in gold, half of it from Europe, to float a bond issue that restored the treasury surplus of $100 million. The episode saved the Treasury but hurt Cleveland with the agrarian wing of his Democratic party and became an issue in the election of 1896, when banks came under withering attack from William Jennings Bryan. Morgan and Wall Street bankers donated heavily to Republican William McKinley, who was elected in 1896 and reelected in 1900 on a gold standard platform.[6] In 1900, Morgan financed inventor Nikola Tesla and his Wardenclyffe Tower with $150,000 for experiments in radio. However, in 1903, when the tower structure was near completion, it was still not yet functional due to last-minute design changes that introduced an unintentional defect.

Lets continue shall we..

Now lets look at the bank

Central bank Further information: Central bank In its role as the central bank of the United States, the Fed serves as a banker's bank and as the government's bank. As the banker's bank, it helps to assure the safety and efficiency of the payments system. As the government's bank, or fiscal agent, the Fed processes a variety of financial transactions involving trillions of dollars. Just as an individual might keep an account at a bank, the U.S. Treasury keeps a checking account with the Federal Reserve through which incoming federal tax deposits and outgoing government payments are handled. As part of this service relationship, the Fed sells and redeems U.S. government securities such as savings bonds and Treasury bills, notes and bonds. It also issues the nation's coin and paper currency. The U.S. Treasury, through its Bureau of the Mint and Bureau of Engraving and Printing, actually produces the nation's cash supply and, in effect, sells it to the Federal Reserve Banks at manufacturing cost, currently about 4 cents per bill for paper currency. The Federal Reserve Banks then distribute it to other financial institutions in various ways.[27]

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Now lets move on shall we.. its gets spooky trust me..

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The Rothschild family (often referred to simply as the Rothschilds) is an international dynasty of German Jewish origin that established worldwide banking and finance operations and was ennobled by the Austrian and British governments.

yeah we kinda know that but jewish? oh you aint seen nothing yet!

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The family's rise to international prominence began with Mayer Amschel Rothschild (1744–1812), the son of Amschel Moses Rothschild,[1] a moneychanger. Born in the ghetto (called "Judengasse" or Jew Alley) of Frankfurt am Main, he developed a finance house and spread his empire by installing each of his five sons in European cities to conduct business. An essential part of Mayer Rothschild's strategy for future success was to keep control of their businesses in family hands, allowing them to maintain full discretion about the size of their wealth and their business achievements. Mayer Rothschild successfully kept the fortune in the family with carefully arranged marriages between closely related family members. His sons were: * Amschel Mayer Rothschild (1773–1855): Frankfurt * Salomon Mayer Rothschild (1774–1855): Vienna * Nathan Mayer Rothschild (1777–1836): London * Calmann Mayer Rothschild (1788–1855): Naples * Jakob Mayer Rothschild (1792–1868): Paris

and now for the fun part

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Volcker was born in Cape May, New Jersey and grew up in Teaneck, New Jersey, where his father was the township's first Municipal manager. Volcker graduated from Teaneck High School.[3] Volcker's undergraduate education was at Princeton University; he graduated in 1949. He earned his M.A. in political economy from Harvard University's Graduate School of Arts and Sciences and Graduate School of Public Administration in 1951 and then attended the London School of Economics from 1951 to 1952 as a Rotary Foundation Ambassadorial Fellow. Volcker has received honorary degrees from several educational institutions including: University of Notre Dame, Princeton University, Dartmouth College, New York University, University of Delaware[4], Fairleigh Dickinson University, Bryant College, Adelphi University, Lamar University, Bates College (1989), Fairfield University (1994), Northwestern University (2004), Rensselaer Polytechnic Institute (2005), Brown University (2006), and Georgetown University (2007).[citation needed] After leaving the Federal Reserve in 1987, he became chairman of the prominent New York investment banking firm, J. Rothschild, Wolfensohn & Co., a corporate advisory and investment firm in New York, run by James D. Wolfensohn, who was later to become president of the World Bank.

Ohhh really? Who is this woflensohn dude? lets see shall we

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Before attending Harvard, Wolfensohn was a lawyer in the Australian law firm of Allen, Allen & Hemsley in Sydney (now Allens Arthur Robinson). Upon graduating from Harvard Business School, Wolfensohn worked briefly for Swiss cement giant Holderbank (now Holcim). He then returned to his native Australia, where he worked for various banking institutions before being employed by J. Henry Schroders, a London-based investment bank. He was a senior executive in the London office before becoming managing director of the bank's New York City office from 1970 to 1976. He later became a senior executive at Salomon Brothers. In 1980, he became a naturalized citizen of the United States, after it was rumored that he was a candidate to succeed Robert McNamara as president of the World Bank. After he was unsuccessful in this pursuit, he established his own investment firm, James D. Wolfensohn, Inc., along with partners including Paul A. Volcker, the former chairman of the Federal Reserve Bank. Upon accepting his nomination to serve as president of the World Bank in 1995, Wolfensohn divested of his ownership interest in James D. Wolfensohn, Inc. The firm was later bought by Bankers Trust.

interesting?

this is

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One of the evening's activities includes the playful nomination of a presidential candidate by the Club's leadership. The candidate is then required to make a speech. Several such candidates went on to hold the actual presidency after being nominated, including Richard Nixon in 1965 (elected in 1968), Ronald Reagan in 1974 (elected in 1980), and George W. Bush in 1998 (elected in 2000).[1] In 1969, they nominated Harold Stassen.[5] In 2004, the Club nominated the former president of the Motion Picture Association of America, Jack Valenti. Its 2000 nomination was Australian-born James Wolfensohn, constitutionally ineligible for election to the U.S. presidency.[1] In 2001, the presidential nomination went to John McCain. The club was founded in 1913 and its function was to celebrate the birthday of Confederate Civil War General Robert E. Lee; it didn't admit blacks until the 1970s, and women until 1994.[2] In 2009, President Barack Obama spoke at the club's annual dinner, saying "this dinner began almost one hundred years ago as a way to celebrate the birthday of General Robert E. Lee. If he were here with us tonight, the General would be 202 years old. And very confused."[6]

lets push on i know its long but keep reading i am sure you are getting the point by now

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interesting in the dates! we will come back to this..

The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows the Congress to levy an income tax without apportioning it among the states or basing it on Census results. This amendment overruled Pollock v. Farmers' Loan & Trust Co. (1895), which greatly limited the Congress' authority to levy an income tax. It was ratified on February 3, 1913.

Text

and now what? ohh i dunno lets check this guy out shall we...

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William Jennings Bryan (March 19, 1860 – July 26, 1925) was the Democratic Party nominee for President of the United States in 1896, 1900 and 1908, a lawyer, and the 41st United States Secretary of State under President Woodrow Wilson. One of the most popular speakers in American history, he was noted for a deep, commanding voice. Bryan was a devout Presbyterian, a supporter of popular democracy, a critic of banks and railroads, a leader of the silverite movement in the 1890s, a leading figure in the Democratic Party, a peace advocate, a prohibitionist, an opponent of Darwinism, and one of the most prominent leaders of populism in the late 19th - and early 20th century. Because of his faith in the goodness and rightness of the common people, he was called "The Great Commoner." In the intensely fought 1896 and 1900 elections, he was defeated by William McKinley but retained control of the Democratic Party. For presidential candidates, Bryan invented the national stumping tour. In his three presidential bids, he promoted Free Silver in 1896, anti-imperialism in 1900, and trust-busting in 1908, calling on Democrats, in cases where corporations are protected, to abandon states' rights, to fight the trusts and big banks, and embrace populist ideas. President Woodrow Wilson appointed him Secretary of State in 1913, but Wilson's handling of the Lusitania crisis in 1915 caused Bryan to resign in protest.

interesting heh?

now we play ball with Mr Woodrow

continued

[edit on 18-6-2009 by symmetricAvenger]

Thomas Woodrow Wilson.

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Thomas Woodrow Wilson (December 28, 1856–February 3, 1924)[1] was the 28th President of the United States. A leading intellectual of the Progressive Era, he served as President of Princeton University from 1902 to 1910, and then as the Governor of New Jersey from 1911 to 1913. With Theodore Roosevelt and William Howard Taft dividing the Republican Party vote, Wilson was elected President as a Democrat in 1912. To date he is the only President to serve in a political office in New Jersey before election to the Presidency, although Grover Cleveland is the only President born in the state of New Jersey. Early in his first term, he supported some cabinet appointees in introducing segregation in the federal workplace of several departments, a Democratic Congress to pass major legislation that included the Federal Trade Commission, the Clayton Antitrust Act, the Federal Farm Loan Act, America's first-ever federal progressive income tax in the Revenue Act of 1913 and most notably the Federal Reserve Act.[2][3]

Ohhh realllyyy? oh but i spot something more interesting dont you?

oh let me show you. Remember when i said chicken hawk? I meant it..

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The War Industries Board (WIB) was a United States government agency established on July 28, 1917, during World War I, to coordinate the purchase of war supplies.[1] The organization encouraged companies to use mass-production techniques to increase efficiency and urged them to eliminate waste by standardizing products. The board set production quotas and allocated raw materials. It also conducted psychological testing to help people find the right jobs. The board was led initially by Frank A. Scott, who had previously been head of the General Munitions Board. He was replaced in November by Baltimore and Ohio Railroad president Daniel Willard. Finally in January 1918, the board was reorganized under the leadership of Bernard M. Baruch. The WIB dealt with labor-management disputes resulting from increased demand for products during World War I. The government could not negotiate prices and could not handle worker strikes, so the War Industries Board regulated the two to decrease tensions by stopping strikes with wage increases to prevent a shortage of supplies going to the war in Europe. Under the War Industries Board, industrial production in the U.S. increased 20 percent. The War Industries Board was decommissioned by an executive order on January 1, 1919. With the war mobilization conducted under the supervision of the War Industries Board unprecedented fortunes fell upon war producers and certain holders of raw materials and patents. Hearings in 1934 by the Nye Committee led by U.S. Senator Gerald Nye were intended to hold war profiteers to account. The original seven members of the War Industries Board were: * Al M Boolock * Frank A. Scott * General Palmer E. Pierce * Admiral Frank F. Fletcher * Bernard M. Baruch * Robert S. Brookings, head of the Cupples Co., a distribution firm * Robert S. Lovett, President of Union Pacific Railroad * Hugh Frayne, of the American Federation of Labour Other later members included: * Clarence Dillon, partner in Dillon, Read & Co. * Eugene Meyer, Special Advisor to the War Industries Board on Non-Ferrous Metals * Edward Stettinius, Sr., partner in J.P. Morgan & Co. * Walter D. Stewart oh say what? look at that name? Non-Ferrous Metals * Edward Stettinius, Sr., partner in J.P. Morgan & Co.

Gotta hate his lot.. total scum lets see what this house of morg crap is shall we?

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The House of Morgan In 1895, Drexel, Morgan & Co. became J.P. Morgan & Co. (see also: John Pierpont Morgan). It financed the formation of the United States Steel Corporation, which took over the business of Andrew Carnegie and others and was the world's first billion-dollar corporation. In 1895, it supplied the United States government with $62 million in gold to float a bond issue and restore the treasury surplus of $100 million. In 1892, the company began to finance the New York, New Haven and Hartford Railroad and led it through a series of acquisitions that made it the dominant railroad transporter in New England. September 16 1920: a bomb exploded in front of the headquarters of J.P. Morgan Inc. at 23 Wall Street, injuring 400 and killing 38 people. Built in 1914, 23 Wall Street was known as "The Corner" and "The House of Morgan," and for decades the bank's headquarters was the most important address in American finance. At noon, on September 16, 1920, an anarchist bomb exploded in front of the bank, killing 38 and injuring 400. Shortly before the bomb went off, an unknown person placed a warning note in a mailbox at the corner of Cedar Street and Broadway. The warning read: "Remember we will not tolerate any longer. Free the political prisoners or it will be sure death for all of you. American Anarchists Fighters." While theories abound about who was behind the Wall Street bombing and why they did it, after twenty years of investigation the FBI rendered the file inactive in 1940 without ever finding the perpetrators

In 1933, the provisions of the Glass-Steagall Act forced J.P. Morgan & Co. to separate its investment banking from its commercial banking operations. J.P. Morgan & Co. chose to operate as a commercial bank, because after the stock market crash of 1929, investment banking was in some disrepute and commercial lending was perceived to be more the profitable and prestigious business. Additionally, many within J.P. Morgan believed that a change in the political climate would allow the company to resume its securities businesses but that it would be nearly impossible to reconstitute the bank if it were disassembled. In 1935, after being barred from securities business for over a year, the heads of J.P. Morgan made the decision to spin off its investment banking operations. Two J.P. Morgan partners, Henry S. Morgan (son of Jack Morgan and grandson of J. Pierpont Morgan) and Harold Stanley, founded Morgan Stanley on September 16, 1935 with $6.6 million of nonvoting preferred stock from J.P. Morgan partners. At the beginning, Morgan Stanley's headquarters were at 2 Wall Street, just down the street from J.P. Morgan, and Morgan Stanley bankers routinely used 23 Wall Street when closing transactions.

at this point you should want to hit something i know i did

dare i show your more? YOU BET..

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oh love this!! more so the name at the end is ironic to say the least...

Creation of Third Central Bank Main article: History of the Federal Reserve System The main motivation for the third central banking system came from the Panic of 1907, which renewed demands for banking and currency reform.[2] During the last quarter of the 19th century and the beginning of the 20th century the United States economy went through a series of financial panics.[3] According to proponents of the Federal Reserve System and many economists, the previous national banking system had two main weaknesses: an "inelastic" currency, and a lack of liquidity.[3] The following year Congress enacted the Aldrich-Vreeland Act which provided for an emergency currency and established the National Monetary Commission to study banking and currency reform.[4] The American public believed that the Federal Reserve System would bring about financial stability, so that a panic like the one in 1907 could never happen again; but just 22 years later in 1929, the stock market crashed again, and the United States entered the worst depression in its history, the Great Depression. Some economists including Milton Friedman,[5] Ben Bernanke,[6] Robert Latham Owen and Murray Rothbard[7] believe that the Federal Reserve System helped to cause the Great Depression.

HEY HEY mR Beeeeernanke well wadda ya know ! lets look up this chap and his little pals

Ben Shalom Bernanke[1] (pronounced \ber-NAN-kee\, \bər-'nan-kē\ or \bɚ.ˈnæn.ki\) was born December 13, 1953. He is the Chairman of the Board of Governors of the United States Federal Reserve. Bernanke succeeded Alan Greenspan on February 1, 2006. He is ranked 4th most powerful person in the world in an annual ranking by Newsweek.[2]

lord SHALOM interesting heh lol oh lets move on ...

seems he is in with the big boys now

In a letter to Congress from New York Attorney General Andrew Cuomo dated April 23, 2009, Bernanke was mentioned along with former Treasury Secretary Henry Paulson in allegations of fraud concerning the acquisition of Merrill Lynch by Bank of America. The letter alleged that the extent of the losses at Merrill Lynch were not disclosed to Bank of America by Bernanke and Paulson. When Bank of America CEO Kenneth Lewis informed Paulson that Bank of America was exiting the merger by invoking the "Materially Adverse Change" clause Paulson immediately called Lewis to a meeting in Washington. At the meeting, which allegedly took place on December 21, 2008, Paulson told Lewis that he and the board would be replaced if they invoked the MAC clause and additionally not to reveal the extent of the losses to shareholders. Paulson stated to Cuomo's office that he was directed by Bernanke to threaten Lewis in this manner.[19]

flip flopper? lol oh boy this is funny to say the least.

lets move on shall we./.

Now its time to check out Mr Hankypanky paulson

got to love his little beeeedy eyeballs

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Henry Merritt "Hank" Paulson Jr. (born March 28, 1946) served as the 74th United States Treasury Secretary and is a member of the International Monetary Fund Board of Governors. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs. In 2008, Time magazine named Paulson as a runner-up for its Person of the Year 2008, saying, with reference to the Global Financial Crisis of 2008: "if there is a face to this financial debacle, it is now his". In 1970 Paulson received a Master of Business Administration degree from Harvard Business School.[6] Kenneth Lewis, CEO of Bank of America, testified about the events surrounding Bank of America’s acquisition of Merrill Lynch and its receipt of federal financial assistance. In his testimony he said that federal regulators had pressured the bank into moving forward with the merger. In sometimes contentious exchanges, committee members expressed concern about the pressure applied, but also questioned if Mr. Lewis may have used the threat of backing out of the acquisition as a "bargaining chip" for more government assistance. He joined Goldman Sachs in 1974, working in the firm's Chicago office under James P. Gorter. He became a partner in 1982. From 1983 until 1988, Paulson led the Investment Banking group for the Midwest Region, and became managing partner of the Chicago office in 1988. From 1990 to November 1994, he was co-head of Investment Banking, then, Chief Operating Officer from December 1994 to June 1998;[8] eventually succeeding Jon Corzine (now Governor of New Jersey) as its chief executive. His compensation package, according to reports, was US $37 million in 2005, and US $16.4 million projected for 2006.[9] His net worth has been estimated at over US $700 million.[9]

well someone is bloody rich heh?

lets look at his company shall we ? i think we should they paid him ; )

The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS), is a bank holding company that engages in investment banking, securities services and investment management. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street but has its secondary office at 30 Hudson Street, Jersey City, New Jersey.[1] The firm has offices in all global financial centers and acts as a financial advisor and money manager for corporations, governments, and wealthy families around the world. Goldman offers its clients mergers & acquisitions advice, underwriting services, asset management, and engages in proprietary trading, and private equity deals. It is a primary dealer in the U.S. Treasury securities market. Former Goldman Sachs employees such as Henry Paulson and Robert Rubin have held high positions in the federal government, regardless of which party was in the White House. 1869 - 1930 Goldman Sachs was founded in 1869 by German Jewish immigrant Marcus Goldman.[2] In 1882, Goldman's son-in-law Samuel Sachs joined the firm which prompted the name change to Goldman Sachs.[7] The company made a name for itself pioneering the use of commercial paper for entrepreneurs and was invited to join the New York Stock Exchange in 1896. In the early 20th century, Goldman was a player in establishing the initial public offering market. It managed one of the largest IPOs to date, that of Sears, Roebuck and Company in 1906. It also became one of the first companies to heavily recruit those with MBA degrees from leading business schools, a practice that still continues today.[citation needed] On December 4, 1928, it launched the Goldman Sachs Trading Corp. a closed-end fund with characteristics similar to that of a Ponzi scheme. The fund failed as a result of the Stock Market Crash of 1929, hurting the firm's reputation for several years afterward.[3] For this case and others like Blue Ridge Corporation [8] and Shenandoah Corporation [9] John Kenneth Galbraith wrote: The Autumn of 1929 was, perhaps, the first occasion when men succeeded on a large scale in swindling themselves. [10] On December 4, 1928, it launched the Goldman Sachs Trading Corp. a closed-end fund with characteristics similar to that of a Ponzi scheme. In 1930, Sidney Weinberg assumed the role of senior partner and shifted Goldman's focus away from trading and towards investment banking. It was Weinberg's actions that helped to restore some of Goldman's tarnished reputation. On the back of Weinberg, Goldman was lead advisor on the Ford Motor Company's IPO in 1956, which at the time was a major coup on Wall Street. Under Weinberg's reign the firm also started an investment research division and a municipal bond department. It also was at this time that the firm became an early innovator in risk arbitrage.

holy crap you dont say!! who is this weinberg dude? oh lets check him out sounds a fun person to be around dont you?

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Weinberg's background contrasted sharply with that of the traditional Ivy League Wall Streeter. Weinberg was one of eleven children of a wholesale liquor dealer and never got farther than P.S. 13. His family were active members of Congregation Baith Israel Anshei Emes in Brooklyn, joining when the synagogue was on Boerum Place, and remaining with it when it moved to Cobble Hill. Sidney's mother, Sophie, was sisterhood president from 1912 to 1913, his father, Pincus, served as president from 1919 to 1921, and the children all attended the Sunday school and Talmud Torah. Sidney married Helen W. Livingston there in 1920.[3][4]

nice guy heh

lets check out something els !

Crash and burn baby!!

After a six-year run when the world saw the Dow Jones Industrial Average increase in value fivefold, prices peaked at 381.17 on September 3, 1929.[13] The market then fell sharply for a month, losing 17% of its value on the initial leg down. Prices then recovered more than half of the losses over the next week, only to turn back down immediately afterwards. The decline then accelerated into the so-called "Black Thursday", October 24, 1929. A record number of 12.9 million shares were traded on that day. At 1 p.m. on the same day (October 24), several leading Wall Street bankers met to find a solution to the panic and chaos on the trading floor.[14] The meeting included Thomas W. Lamont, acting head of Morgan Bank; Albert Wiggin, head of the Chase National Bank; and Charles E. Mitchell, president of the National City Bank of New York. They chose Richard Whitney, vice president of the Exchange, to act on their behalf. With the bankers' financial resources behind him, Whitney placed a bid to purchase a large block of shares in U.S. Steel at a price well above the current market. As traders watched, Whitney then placed similar bids on other "blue chip" stocks. This tactic was similar to a tactic that ended the Panic of 1907, and succeeded in halting the slide that day. In this case, however, the respite was only temporary. Over the weekend, the events were covered by the newspapers across the United States. On Monday, October 28, the first "Black Monday",[15] more investors decided to get out of the market, and the slide continued with a record loss in the Dow for the day of 13%. The next day, "Black Tuesday", October 29, 1929, about 16 million shares were traded.[16][17][18] The volume on stocks traded on October 29, 1929 was "...a record that was not broken for nearly 40 years, in 1968."[17] Author Richard M. Salsman wrote that on October 29—amid rumors that U.S. President Herbert Hoover would not veto the pending Hawley-Smoot Tariff bill—stock prices crashed even further."[12] William C. Durant joined with members of the Rockefeller family and other financial giants to buy large quantities of stocks in order to demonstrate to the public their confidence in the market, but their efforts failed to stop the slide. The DJIA lost another 12% that day. The ticker did not stop running until about 7:45 that evening. The market lost $14 billion in value that day, bringing the loss for the week to $30 billion, ten times more than the annual budget of the federal government, far more than the U.S. had spent in all of World War I.[19]

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funny how this lot all know each other ?

rockerwhat who were when? oh never mind lets move on!

and now we have! yep CFR baby

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The Council on Foreign Relations (CFR) is an American nonpartisan foreign policy membership organization founded in 1921. Located at 58 East 68th Street (Park Avenue) in New York City, with an office in Washington, D.C. Some international journalists believe it to be 'the most influential foreign-policy think tank.' [1][2][3][4] It publishes a bi-monthly journal Foreign Affairs. It has an extensive website, featuring links to its think tank, The David Rockefeller Studies Program, a new geoeconomic center, Emmy award-winning multimedia Crisis Guides Foreign Affairs, and many other projects, publications, history, biographies of notable directors and other board members, corporate members, and press releases.[5]

just keeps getting better does it not? lets keep going

MR rock the socks off david!!

en.wikipedia.org...

I love to hate this chump.

He was born in New York City, at 10 West 54th Street, a nine-story mansion owned by his father, then the largest private residence in the city. It contained rare, ancient, medieval and Renaissance treasures collected by his father — some, such as the Unicorn Tapestries, were held in his father's adjoining premises at 12 West 54th Street. On the seventh floor was his mother Abby's private modern art gallery. The mansion was subsequently donated by David's father as a site for the sculpture garden in his wife's name and memory, now part of the complex that is the Museum of Modern Art. He spent much time as a child at the vast family estate of Pocantico (see Kykuit), where he recalls visits by, among many other famous visitors, General George C. Marshall, the adventurer Admiral Richard Byrd (whose Antarctic expeditions had been funded by his father), In 1947, Rockefeller was invited onto the board of the Carnegie Endowment for International Peace by its then president, Alger Hiss, later to be embroiled in a spy scandal; serving on the board were such figures as John Foster Dulles (chairman), Dwight D. Eisenhower and the president of IBM , Thomas J. Watson. He duly accepted the prestigious appointment and was subsequently instrumental in relocating the Endowment's headquarters to a site opposite the new United Nations headquarters building, with a Chase Bank branch on the ground floor.[7]

Opps they did it again? oh i very much think so people..

lets look at another conenction shall we?

en.wikipedia.org...

Dwight David "Ike" Eisenhower (October 14, 1890 – March 28, 1969) was the 34th President of the United States from 1953 until 1961 and a five-star general in the United States Army. During the Second World War, he served as Supreme Commander of the Allied forces in Europe, with responsibility for planning and supervising the successful invasion of France and Germany in 1944–45. In 1951, he became the first supreme commander of NATO.[1] As President, he oversaw the cease-fire of the Korean War, kept up the pressure on the Soviet Union during the Cold War, made nuclear weapons a higher defense priority, launched the Space Race, enlarged the Social Security program, and began the Interstate Highway System. He was the last World War I veteran to serve as U.S. president, and the last president born in the 19th century. Eisenhower ranks highly among former U.S. presidents in terms of approval rating.

This guy knew more than he was letting on well at least he warned us.



oh lets not forget this cracker ..

Standard Oil was a predominant American integrated oil producing, transporting, refining, and marketing company. Established in 1870 as an Ohio Corporation, it was the largest oil refiner in the world[3] and operated as a major company trust and was one of the world's first and largest multinational corporations until it was broken up by the United States Supreme Court in 1911. John D. Rockefeller was a founder, chairman and major shareholder, and the company made him a billionaire and eventually the richest man in history.

en.wikipedia.org...

ok enough of him lets check out some of his mates

en.wikipedia.org...

Kuhn, Loeb & Co. was an investment bank founded in 1867 by Abraham Kuhn and Solomon Loeb. Under the leadership of Jacob H. Schiff, it grew to be one of the most influential investment banks in the late 19th and early 20th centuries, financing America's expanding railways and growth companies, including Western Union and Westinghouse, and thereby becoming the principal rival of J.P. Morgan & Co. In the years following Schiff's death in 1920, the Firm was led by Otto Kahn and Felix Warburg, men who had already solidified their roles as Schiff's able successors. However, the firm's fortunes began to fade following World War II, when it failed to keep pace with a rapidly changing investment banking industry, where Kuhn, Loeb's old-world, genteel ways, did not seem to fit; the days of the gentleman-banker had passed. The firm lost its independence in 1977 when it merged with Lehman Brothers, to create Lehman Brothers, Kuhn, Loeb Inc. The combined firm was itself acquired in 1984 by American Express, forming Shearson Lehman/American Express and with that, the Kuhn, Loeb name was lost forever.

who? schiff? who is he and who is felix warburg? oh lets have a gander

en.wikipedia.org...

Felix Moritz Warburg (1871 – 20 September 1937) was a member of the Warburg banking family of Hamburg, Germany. He was a grandson of Moses Marcus Warburg, one of the founders of the bank, M. M. Warburg, which was founded in that city in 1798. He was a partner in Kuhn, Loeb & Co., and an advocate of a Federal Reserve System for the United States. He married Frieda Schiff, daughter of Kuhn, Loeb & Co. senior partner Jacob Schiff. Their four sons, Frederick Marcus, Gerald Felix, Paul Felix and Edward Mortimer Morris, were all active in community service. Warburg was an important leader in the American Jewish Joint Distribution Committee to help the Jews in Europe in the period leading up to, and especially during, the Great Depression. Warburg actively raised funds in the United States on behalf of European Jews who faced hunger following World War I. As early as 1919, he was quoted in the New York Times discussing the dire situation of Jewish war sufferers.[1] The Warburgs moved from Bologna to Warburg in Germany in the 16th century before moving to Altona, near Hamburg in the 17th century. Their first known ancestor was Simon von Cassel, who died in 1566. They took their surname from the city of Warburg. The brothers Moses Marcus Warburg (1763 - 1830) and Gerson Warburg (1765 - 1826) founded the M.M.Warburg & CO banking company in 1798 that is still in existence. Moses Warburg's great-great grandson, Siegmund George Warburg, founded investment bank S. G. Warburg & Co in London in 1946. Siegmund's second cousin, Eric Warburg, founded Warburg Pincus in New York in 1938. Eric Warburg's son Max Warburg (not to be confused with Eric's father Max Warburg) is currently one of the three partners of M.M.Warburg & CO. Max M. Warburg (5 June 1867 – 26 December 1946) was a Jewish-German-American banker and was, from 1910 until 1938, director of M.M.Warburg & CO in Hamburg, Germany. Prior to his directing of the Warburg banking company, he developed apprenticeships in Frankfurt, Amsterdam, Paris, and London. As head of that important firm, he advised Kaiser Wilhelm II prior to World War I.

A lot of er connections here or is it just me? noticed any Paton yet?

Big happy jewish family? ring any alarm bells? oh dont worry more to come

lets look at our other connections.. dont worry its not a jew bash fest just pointing out some dots... check this one

en.wikipedia.org...

Despite the offering of International Steam, the firm's real shift from being a commodities house to a house of issue did not begin until 1906. In that year, under Philip Lehman, the firm partnered with Goldman, Sachs & Co.,[19][20] to bring the General Cigar Co. to market,[21] followed closely by Sears, Roebuck and Company [21]. During the following two decades, almost one hundred new issues were underwritten by Lehman, many times in conjunction with Goldman, Sachs.

have a nice day will post more later when i have time.

Now watch this

www.c-span.org...

3 hours long....

And its fun

You should be mad.

Thank you for this!!
S & F...big time...

I just posted on another thread the importance of reading about the FRS and the core of 12. I have spent the last week or so perusing the bios and profiles of these 12 banks.

Can we not come to the conclusion that this global group of men and women are indeed
TPTB?????

Made legal in 1913 in this country; sprung from an earlier point in our history; allowed to control every facet of our lives; connected to every aspect of our daily routine; associated with every ill and conspiracy ever imagined........

Of course Bernacke side steps when confronted!! He is representing the most dangerous and greediest group of people alive.

Yes...this is a looong read....and worth every moment of it.

I find it sad that it all comes down to money...whether the dollar or the peso or the euro..it does not matter what it's called. May we cling to our humane ideals, however, via sites such as this!!

Peace...

reply to post by Gyrochiral


It is insane i am still investigating..!

send me a u2u and lets collaborate on this matter..

seems to me that some Jewish element is at play.. but that is not the only factor.

that is why i stated that is not about Jews kinda thing..but family connections

and one as i can show very clear is jewish or at least has a part in this money rape of the people!

i am going to dig deeper into the rothchilds and others as they are older than the usa in some respects..

we need to find out who is in power and for what reason

thanks for the star and flag

Let's investigate openly!!!!
This allows for input from all of us here!!
I, at times, enjoy weeding through responses...agreeable or not.

I am not calling this solely a Jewish plot.....it is indeed a conspiracy on the part of some of the older families of this planet for control....on every level.

Worthy of investigating indeed!!!

Have you looked at the core 12 lately???? Incredible goings on....
I am not sure that we could make all of the connections in our lifetime quite frankly.
However, we can certainly take this leap of faith for now!!

Peace...

reply to post by Gyrochiral


you need to watch the vid !!

its crazy

im happy to help you out

we just need to back peddle a lot and look at names! names are important

and link them to other people.. i agree its not a jew thing but they have money invested in this scam we call money!

send me a u2u on how we can sort some plan of attack

well i have kinda not looked at the 12 so please post info on it..im trying to figure out the power behind the fed

the 12 take orders from someone but who? could be a board ??

dunno lets find out!!

[edit on 27-6-2009 by symmetricAvenger]

That is alot to absorb and I will admit I don't have the patience for it...do you have a cliff notes version?

reply to post by JulieMills


well me and my new found friend are going to be working on a short down version based more so on names

like a family tree

so just subscribe and keep checking back

and thanks for taking the time to view it if not read it all

I am starting to resemble a broken record. I keep spouting the same things, over and over. It is a big site and no one can be expected to read every thread, so here I go again.

"Putting it quite simply: this may be the most important book on world affairs you will ever read." - from the back of The Creature From Jekyll Island

Seriously, go to the library, buy it, steal it(ok, don't do that), whatever you have to do to read it, do it. Check out the author G. Edward Griffin on Youtube.

It's that good. It's all the stuff you are talking about here and more.

Then get some popcorn and your favorite beverage and sit down to watch The Money Masters

It's long but worth it.

reply to post by TheLoony


I shall watch it now my friend and thank you for taking the time to even take the time to CLICK on my kick ass thread

as you can see from what i show.. we are in DEEP doo doo...

All of us are .. IT is not just about the USA its about MONEY and what its used for

In the world of economics its called LEVERAGE... im sorry to say but we are the BET in this instance

we are treated like a COMMODITY and our good friends the NWO

wish to run it the way they see fit...

Catch is... AGENDA and WHY?

WHY would be simple to work out CONTROL

AGENDA?? hmm well thats the whole point is it not? ALIENS GOD blah blah

means to and ends

We are the means, but what is the END to our little game we play

No doubt we shall soon find out.. just as the sun rises and falls

everything indeed has an end...

Let the game begin!

"The laws of a country ought to be the standard of equity and calculated to impress on the minds of the people the moral as well as the legal obligations of political justice. But tender laws, of any kind, operate to destroy morality, and to dissolve by the pretense of law what ought to be the principle of law to support, reciprocal justice between man and man; and the punishment of a member who should move for such a law ought to be DEATH."

Bolding mine.

Some Guy Named Thomas Paine

Thomas Paine On Paper Money

I found the article looking for the quote. I haven't read more than the first couple pf paragraphs but it looks cool.

EDIT: Sorry, forgot to put this one in.

There are a set of men who go about making purchases upon credit, and buying estates they have not wherewithal to pay for; and having done this, their next step is to fill the newspapers with paragraphs of the scarcity of money and the necessity of a paper emission, then to have a legal tender under the pretense of supporting its credit, and when out, to depreciate it as fast as they can, get a deal of it for a little price, and cheat their creditors; and this is the concise history of paper money schemes. Thomas Paine : American revolutionary, political philosopher & writer Thomas Paine (1737 - 1809) Source: mises.org...

[edit on 8/20/2009 by TheLoony]

reply to post by TheLoony


very very nice !!

star!!

lets get em

we just need to nail this lot of bastards for it all... and we can if we want..

my post alone should make people want to scream and be shocked...

people get more stars for saying IM AN ALIEN!!

baffling! but i shall not give up on my quest to show the REAL reality here

and i have more to come... trust me.. im going to post more in the next few days that will BLOW your head off

so stay tuned people i am about to change your preservative of MONEY

great post

Clearly time for a new deck of cards with their ugly faces and bounties

loser scumbags

Hard work and awesome' many flags.

when you have a rotten tooth you pull it.

Audit the FED!!!!!!


Audit the #ing FED!!!!!!!!


I'm so sick of these assholes running our lives and getting away with it.....................Mad as hell and not taking it anymore.

When you lose everything and have nothing else to lose.....you lose it!

reply to post by huntergatherer


Now check this...

makes me want to vomit and hit something

www.c-span.org...

Horrible men who prey on un educated masses!! C U N T S sorry mods but my distaine for this lot is close to falling in to a black hole "lol"

im going to clean there clocks THE LOT OF EM