19 August, 2007

An Interesting Quote

Posted by Socrates in bankers, banking, Federal Reserve system, Socrates at 6:56 pm | Permanent Link

“Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”

That 2002 comment by Bernanke has special importance when you consider the fact that the key man in the creation of the Federal Reserve system was a Jewish banker named Paul M. Warburg [1]. Also worth a mention: Bernanke, like his predecessor Alan Greenspan, is also Jewish [2]. Furthermore, why does the Federal Reserve have a “.gov” internet address? The Federal Reserve is a private entity with only a few direct connections to the U.S. government, e.g., the president appoints its chairman and the Senate confirms him [3]. Additionally, why not consider the question raised years ago by patriotic American citizens: why doesn’t the federal government control America’s money system? If the government – i.e., the Treasury – can print America’s money, why can’t it control monetary policy and distribution?

[1] Bernanke’s quote (scroll down to the end of the speech): [Here]

[2] Bernanke’s Jewishness mentioned: [Here]

[3] Federal Reserve employees are not government employees: [Here]


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  7. 10 Responses to “An Interesting Quote”

    1. white nobility Says:

      Discussion in progress here: http://vnnforum.com/showthread.php?t=54917

    2. lawrence dennis Says:

      OK, I’m not going to let this pass. Milton Friedman’s theory of “the Fed did it” with respect to the Great Depression is regarded, outside of the University of Chicago and those who travel in its orbit, to be something of a crackpot theory. Mr. Friedman was a typical Mammonite Jew, in the same bloodsucking vein as Mammonite jewess Ayn Rand and Wall Street vampires like jews Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine. Friedman’s ideas about “freedom” were little more than conjectures, which have not stood up to investigation of real people in the real world, unlike the mythical infinitely-calculating super-selfish “rational men” upon which much economic theory depends. These “free market uber alles” types match up well with the loony anarchist types, like jews Murray Rothbard and Murray Bookchin.

    3. Newe Dutch Says:

      Lawrence Dennis = Olde Dutch

      Different name. Same stupid drivel.

    4. Newe Dutch Says:

      Bernanke, like his predecessor Alan Greenspan, is also Jewish.

      The sentence above should read:

      Bernanke, like ALL his predecessors, is also Jewish.

      Every Fed chairman since its inception has been a Jew. Didn’t you know that?

    5. lawrence dennis Says:

      I do not know who “Olde Dutch” is, sorry.

      As for Fed chairmen, not all have been jews.

      See:
      http://en.wikipedia.org/wiki/Chairman_of_the_Federal_Reserve

      In particular, Greenspan’s predecessor, Paul Volcker:

      http://en.wikipedia.org/wiki/Paul_Volcker

      was NOT a jew.

      But facts, of course, mean nothing to those with top-secret X-ray jewdar devices, because everybody and everything connected with anything ever onced touched by a jew is always and forever jew, jew, jew….

      More seriously, why don’t you read the work of an economist who matches his theories with real-world facts: http://www.michael-hudson.com/

      There is no such thing as a “free market.” It does not exist. It has never existed.

    6. Olde Dutch Says:

      Charles S. Hamlin (August 10, 1914 – August 10, 1916)
      William P. G. Harding (August 10, 1916 – August 9, 1922)
      Daniel R. Crissinger (May 1, 1923 – September 15, 1927)
      Roy A. Young (October 4, 1927 – August 31, 1930)
      Eugene Meyer (September 16, 1930 – May 10, 1933)
      Eugene R. Black (May 19, 1933 – August 15, 1934)
      Marriner S. Eccles¹ (November 15, 1934 – February 3, 1948)
      Thomas B. McCabe (April 15, 1948 – April 2, 1951)
      William McChesney Martin, Jr. (April 2, 1951 – February 1, 1970)
      Arthur F. Burns (February 1, 1970 – January 31, 1978)
      G. William Miller (March 8, 1978 – August 6, 1979)
      Paul A. Volcker (August 6, 1979 – August 11, 1987)
      Alan Greenspan² (August 11, 1987 – January 31, 2006)
      Ben Bernanke (February 1, 2006 – )

      In the list of Fed Chairman, I see two, possibly three jews. Volker if not a jew, was a shabbos goy in my humble opinion.

    7. Olde Dutch Says:

      dennis—you have a good grip on the Chicago School. Jew Friedman was an evil dwarf. Beware of anything named von Mises too. :)

    8. Hood Ornament Says:

      Home > About the Fed > Frequently Asked Questions

      Frequently Asked Questions

      The Federal Reserve
      Savings Bonds & Treasury Securities
      Direct Payment
      Currency & Coins
      Statistical Information
      Federal Reserve Financial Services
      General Information

      ——————————————————————————–

      The Federal Reserve

      How many Federal Reserve Banks are there?
      Twelve. Their head offices are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.

      Who owns the Fed?
      Federal Reserve Banks, created by an act of Congress in 1913, are operated in the public interest rather than for profit or to benefit any private group. Member banks hold stock in their regional Reserve Banks, but do not control the Federal Reserve System. Holding this stock does not carry with it the control and financial interest that holding publicly traded stock allows. Fed stock cannot be sold or traded. Member banks receive a fixed 6 percent dividend annually on their stock and elect six of the nine members of the Reserve Bank’s board of directors.

      So, who owns the Fed? Although it is set up like a private corporation and member banks hold its stock, the Fed owes its existence to an act of Congress and has a mandate to serve the public. Therefore, the most accurate answer may be that the Fed is “owned” by the citizens of the United States”

    9. Newe Dutch Says:

      I do not know who “Olde Dutch” is, sorry.

      Sure you do. Just look in the mirror.

    10. Newe Dutch Says:

      As for Fed chairmen, not all have been jews.

      Having a goyish-sounding surname doesn’t automatically prove that someone isn’t a Jew.

      Some sources say all Fed chairmen were Jews and other sources say only some were.

      Either way, it doesn’t make a damn bit of difference because the Fed chairmen are just figureheads anyway.