|
CHAPTER
2
THE
FEDERAL RESERVE
American and European money, as well as the ‘global economy’ is
now being controlled by just many organizations devoted to the cause of
GLOBALIZATION. GLOBALISM just
started out with a ring of wealthy families and spread like a wildfire as
corporations sought to profit from this GLOBAL, INTERNATIONAL idea.
These families and corporations have sponsored and financed many
organizations throughout the world committed to the cause of GLOBAL unity,
GLOBAL economics, GLOBAL politics, and a GLOBAL religion that makes all
nations interdependent upon each other so that the National Sovereignty of
each nation is compromised for this GLOBAL ECONOMY networked by many
people who share the same vision, a vision that has been inspired by those
who are allied with God’s Adversary.
In the early 1990s, three New York super-banks controlled over 85%
of the banking assets. From
the 1970s through the 1980s, small local banks on the East Coast were
first bought out by larger regional banks, then the larger regional banks
were merged with the New York super banks until only a few banks
controlled all the money as we have witnessed in MEGA BANK MERGERS.
What is the FEDERAL RESERVE ACT?
The Federal Reserve Act set up a FEDERAL RESERVE BOARD, which
controlled a system of twelve federal banks.
These Federal banks loaned money to private or state banks at
certain interest rates. The
Federal Reserve banks could raise or lower the rates they charged to the
state banks. The twelve
federal banks controlled the rates private banks charged their customers.
HOW
THE FEDERAL RESERVE WORKS
Like most industrialized nations, the United States has a central
bank to meet certain needs of its complex economy and financial system.
Unlike most central banks, however, the U.S. Federal Reserve
System—often called the Fed—is, in a sense, a “decentralized”
central bank. It consists of a Board of Governors in Washington, D.C., 12
regional Federal Reserve Banks and their branches, and the Federal Open
Market Committee. Established
in December 1913 by the Federal Reserve Act, the Federal Reserve System
was designed to address the conditions underlying the money panics that
had plagued the country for many years. The act has been amended several
times to enhance the Fed’s ability to foster a sound financial system
and a healthy economy.
The Federal Reserve System advances this goal in several ways. Its
monetary policy decisions affect the flow of money and credit in the
economy. It contributes to the safety and soundness of the nation’s
financial system by establishing regulations and acting as a commercial
bank supervisor. And, by serving as a bank for depository institutions and
the federal government, the Fed helps ensure that the system of paying for
all kinds of business transactions works efficiently. In carrying out
these three functions, the Fed also helps to stabilize the financial
system and to contain systemic risk that may arise in financial markets.
The Federal Open Market Committee directs open market operations,
the most important tool of monetary policy. The committee meets in
Washington, D.C., eight times a year and holds additional meetings or
telephone consultations as needed. The
FOMC comprises 12 members—the seven members of the Board of Governors
and five Reserve Bank presidents, one of whom is the president of the
Federal Reserve Bank of New York. Other presidents serve one-year terms on
a rotating basis, and all presidents participate in each meeting.
Federal Reserve Banks are the decentralized element of the U.S.
central bank. There are 12 Reserve Banks, located in Boston, New York,
Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis,
Minneapolis, Kansas City, Dallas, and San Francisco. Branches are located
in 25 other cities, and all but two Reserve Banks have at least one
branch.
Each Federal Reserve Bank is separately incorporated, with a board
of nine directors. Reserve Banks generate their own income, which comes
mainly from interest on government securities acquired through open market
operations. Each year, Reserve Banks turn over to the U.S. Treasury
earnings in excess of the amount they need to pay expenses and dividends
to member banks, to maintain a surplus equal to paid-in capital, and to
pay operating expenses.
Reserve Bank directors, under Board of Governors supervision,
oversee their bank’s operations and appoint and recommend salaries of
the bank’s president and first vice president. Of the nine directors,
six—three class A, representing the banking industry, and three class
B—are elected by member banks, including all nationally chartered banks
and state-chartered banks that meet certain requirements. Three class C
directors, including the chairman and deputy chairman, are appointed by
the Board of Governors. Class B and C directors represent agriculture,
commerce, industry, labor, and services in the Federal Reserve District;
they cannot be officers, directors, or employees of a bank, and class C
directors cannot be bank stockholders.
Branch banks’ boards have five or seven directors; the majority
are appointed by head-office directors and the rest by the Board of
Governors.
Reserve Banks monitor national and international economic
conditions and provide information on their districts that is used in
formulating monetary policy. Reserve Banks hold reserve balances for and
serve as “lender of last resort” to depository institutions. Directors
establish the discount rate charged on such loans, subject to approval by
the Board of Governors. Reserve
Banks also examine and supervise certain types of depository institutions
and provide payment services to depository institutions and the U.S.
Treasury.
In 2001, the FEDERAL RESERVE BANKS were located in:
NEW
YORK, BOSTON, PHILADELPHIA, RICHMOND, ATLANTA, ST. LOUIS, KANSAS CITY,
DALLAS, CLEVELAND, CHICAGO, MINNEAPOLIS, and SAN FRANCISCO.
In 2001, ALAN GREENSPAN was the CHAIRMAN of the FEDERAL RESERVE IN
NEW YORK and the eyes of America were on Greenspan when President George
Bush introduced his tax-cut which would cut Federal Interest Rates by half
a point.
The
Federal Reserve Bank
A
Study of Corporate Influence
Compiled
by Don Allen www.lawgiver.org
A Christian Fellowship
*All
Rights Reserved
Chart
1 - Published 1976
Chart
1 reveals the linear connection between the Rothschild's and the Bank of
England, and the London banking houses which ultimately control the
Federal Reserve Banks through their stockholdings of bank stock and their
subsidiary firms in New York. The two principal Rothschild representatives
in New York, J. P. Morgan Co., and Kuhn,Loeb & Co. were the firms
which set up the Jekyll Island Conference at which the Federal Reserve Act
was drafted, who directed the subsequent successful campaign to have the
plan enacted into law by Congress, and who purchased the controlling
amounts of stock in the Federal Reserve Bank of New York in 1914. These
firms had their principal officers appointed to the Federal Reserve Board
of Governors and the Federal Advisory Council in 1914. In 1914 a few
families (blood or business related) owning controlling stock in existing
banks (such as in New York City) caused those banks to purchase
controlling shares in the Federal Reserve regional banks. Examination of
the charts and text in the House Banking Committee Staff Report of August,
1976 and the current stockholders list of the 12 regional Federal Reserve
Banks show this same family control. see Secrets of the Federal Reserve: The London Connection
N.M. Rothschild , London - Bank of England
______________________________________
| |
| J. Henry Schroder
| Banking |Corp.
| |
Brown, Shipley - Morgan Grenfell - Lazard - |
& Company & Company Brothers |
| | | |
--------------------| -------| | |
| | | | | |
Alex Brown - Brown Bros. - Lord Mantagu - Morgan et Cie -- Lazard ---|
& Son | Harriman Norman | Paris Bros |
| | / | N.Y. |
| | | | | |
| Governor, Bank | J.P. Morgan Co -- Lazard ---|
| of England / N.Y. Morgan Freres |
| 1924-1938 / Guaranty Co. Paris |
| / Morgan Stanley Co. | /
| / | \Schroder Bank
| / | Hamburg/Berlin
| / Drexel & Company /
| / Philadelphia /
| / /
| / Lord Airlie
| / /
| / M. M. Warburg Chmn J. Henry Schroder
| | Hamburg --------- marr. Virginia F. Ryan
| | | grand-daughter of Otto
| | | Kahn of Kuhn Loeb Co.
| | |
| | |
Lehman Brothers N.Y -------------- Kuhn Loeb Co. N. Y.
| | --------------------------
| | | |
| | | |
Lehman Brothers - Mont. Alabama Solomon Loeb Abraham Kuhn
| | __|______________________|_________
Lehman-Stern, New Orleans Jacob Schiff/Theresa Loeb Nina Loeb/Paul Warburg
------------------------- | | |
| | Mortimer Schiff James Paul Warburg
_____________|_______________/ |
| | | | |
Mayer Lehman | Emmanuel Lehman \
| | | \
Herbert Lehman Irving Lehman \
| | | \
Arthur Lehman \ Phillip Lehman John Schiff/Edith Brevoort Baker
/ | Present Chairman Lehman Bros
/ Robert Owen Lehman Kuhn Loeb - Granddaughter of
/ | George F. Baker
| / |
| / |
| / Lehman Bros Kuhn Loeb (1980)
| / |
| / Thomas Fortune Ryan
| | |
| | |
Federal Reserve Bank Of New York |
|||||||| |
______National City Bank N. Y. |
| | |
| National Bank of Commerce N.Y ---|
| | \
| Hanover National Bank N.Y. \
| | \
| Chase National Bank N.Y. \
| |
| |
Shareholders - National City Bank - N.Y. |
----------------------------------------- |
| /
James Stillman /
Elsie m. William Rockefeller /
Isabel m. Percy Rockefeller /
William Rockefeller Shareholders - National Bank of Commerce N. Y.
J. P. Morgan ----------------------------------------------
M.T. Pyne Equitable Life - J.P. Morgan
Percy Pyne Mutual Life - J.P. Morgan
J.W. Sterling H.P. Davison - J. P. Morgan
NY Trust/NY Edison Mary W. Harriman
Shearman & Sterling A.D. Jiullard - North British Merc. Insurance
| Jacob Schiff
| Thomas F. Ryan
| Paul Warburg
| Levi P. Morton - Guaranty Trust - J. P. Morgan
|
|
Shareholders - First National Bank of N.Y.
J.P.
Morgan
George
F. Baker
George
F. Baker Jr.
Edith
Brevoort Baker
US
Congress - 1946-64
||
|
Shareholders
- Hanover National Bank N.Y.
------------------------------------------
James
Stillman
William
Rockefeller
|
|
Shareholders
- Chase National Bank N.Y.
---------------------------------------
George
F. Baker
Chart
2 - Published 1983
The
J. Henry Schroder Banking Company chart encompasses the entire history of
the twentieth century, embracing as it does the program (Belgium Relief
Commission) which provisioned Germany from 1915-1918 and dissuaded Germany
from seeking peace in 1916; financing Hitler in 1933 so as to make a
Second World War possible; backing the Presidential campaign of Herbert
Hoover; and even at the present time, having two of its major executives
of its subsidiary firm, Bechtel Corporation serving as Secretary of
Defense and Secretary of State in the Reagan Administration.
The
head of the Bank of England since 1973, Sir Gordon Richardson, Governor of
the Bank of England (controlled by the House of Rothschild) was chairman
of J. Henry Schroder Wagg and Company of London from 1963-72, and director
of J. Henry Schroder,New York and Schroder Banking Corporation,New York,as
well as Lloyd's Bank of London, and Rolls Royce. He maintains a residence
on Sutton Place in New York City, and as head of "The London
Connection," can be said to be the single most influential banker in
the world.
J. Henry Schroder
-----------------
|
|
|
Baron Rudolph Von Schroder
Hamburg - 1858 - 1934
|
|
|
Baron Bruno Von Schroder
Hamburg - 1867 - 1940
F. C. Tiarks |
1874-1952 |
| |
marr. Emma Franziska |
(Hamburg) Helmut B. Schroder
J. Henry Schroder 1902 |
Dir. Bank of England |
Dir. Anglo-Iranian |
Oil Company J. Henry Schroder Banking Company N.Y.
|
|
J. Henry Schroder Trust Company N.Y.
|
|
|
___________________|____________________
| |
Allen Dulles John Foster Dulles
Sullivan & Cromwell Sullivan & Cromwell
Director - CIA U. S. Secretary of State
Rockefeller Foundation
Prentiss
Gray
------------
Belgian
Relief Comm.
Lord Airlie
Chief
Marine Transportation
-----------
US
Food Administration WW I
Chairman; Virgina Fortune
Manati
Sugar Co. American & Ryan daughter of Otto Kahn
British
Continental Corp. of Kuhn,Loeb Co.
|
|
|
|
M.
E. Rionda
|
------------
|
Pres.
Cuba Cane Sugar Co.
|
Manati
Sugar Co. many other
|
sugar
companies.
_______|
|
|
|
|
G.
A. Zabriskie
|
---------------
|
Emile Francoui
Chmn
U.S. Sugar Equalization
|
--------------
Board
1917-18; Pres Empire
|
Belgian Relief Comm. Kai
Biscuit
Co., Columbia Baking
|
Ping Coal Mines, Tientsin
Co.
, Southern Baking Co.
|
Railroad,Congo Copper, La
|
Banque Nationale de Belgique
Suite 2000 42 Broadway | N. Y
|
__________________________|___________________________|_
|
|
|
|
|
|
Edgar Richard
Julius H. Barnes
Herbert Hoover
-------------
----------------
--------------
Belgium
Relief Comm
Belgium Relief Comm
Chmn Belgium Relief Com
Amer
Relief Comm
Pres Grain Corp.
U.S. Food Admin
U.S.
Food Admin
U.S. Food Admin
Sec of Commerce 1924-28
1918-24,
Hazeltine Corp. 1917-18,
C.B Pitney Kaiping
Coal Mines
|
Bowes Corp, Manati
Congo Copper, President
|
Sugar Corp.
U.S. 1928-32
|
|
|
John
Lowery Simpson
-------------------
Sacramento,Calif
Belgium Relief
|
Comm.
U. S. Food Administration
Baron Kurt Von Schroder
Prentiss
Gray Co. J. Henry Schroder
-----------------------
Trust,
Schroder-Rockefeller, Chmn
Schroder Banking Corp. J.H. Stein
Fin
Comm, Bechtel International
Bankhaus (Hitler's personal bank
Co.
Bechtel Co. (Casper Weinberger
account) served on board of all
Sec
of Defense, George P. Schultz
German subsidiaries of ITT . Bank
Sec
of State (Reagan Admin).
for International Settlements,
|
SS Senior Group Leader,Himmler's
|
Circle of Friends (Nazi Fund),
|
Deutsche Reichsbank, president
|
|
Schroder-Rockefeller
& Co. , N.Y.
---------------------------------
Avery
Rockefeller, J. Henry Schroder
Banking
Corp., Bechtel Co., Bechtel
International
Co. , Canadian Bechtel
Company.
|
|
|
|
Gordon Richardson
-----------------
Governor,
Bank of England
1973-PRESENT
C.B. of J. Henry Schroder N.Y.
Schroder
Banking Co., New York, Lloyds Bank
Rolls
Royce
Chart
3 - Published 1976
The
David Rockefeller chart shows the link between the Federal Reserve Bank of
New York, Standard Oil of Indiana, General Motors and Allied Chemical
Corporation (Eugene Meyer family) and Equitable Life (J. P. Morgan).
DAVID ROCKEFELLER
---------------------
Chairman of the Board
Chase Manhattan Corp
|
|
______|_______________________
Chase Manhattan Corp. |
Officer & Director Interlocks|---------------------
------|----------------------- |
| |
Private Investment Co. for America Allied Chemicals Corp.
| |
Firestone Tire & Rubber Company General Motors
| |
Orion Multinational Services Ltd. Rockefeller Family & Associates
| |
ASARCO. Inc Chrysler Corp.
| |
Southern Peru Copper Corp. Intl' Basic Economy Corp.
| |
Industrial Minerva Mexico S.A. R.H. Macy & Co.
| |
Continental Corp. Selected Risk Investments S.A.
| |
Honeywell Inc. Omega Fund, Inc.
| |
Northwest Airlines, Inc. Squibb Corporation
| |
Northwestern Bell Telephone Co. Olin Foundation
| |
Minnesota Mining & Mfg Co (3M) Mutual Benefit Life Ins. Co. of NJ
| |
American Express Co. AT & T
| |
Hewlett Packard Pacific Northwestern Bell Co.
| |
FMC Corporation BeachviLime Ltd.
| |
Utah Intl' Inc. Eveleth Expansion Company
| |
Exxon Corporation Fidelity Union Bancorporation
| |
International Nickel/Canada Cypress Woods Corporation
| |
Federated Capital Corporation Intl' Minerals & Chemical Corp.
| |
Equitable Life Assurance Soc U.S. Burlington Industries
| |
Federated Dept Stores Wachovia Corporation
| |
General Electric Jefferson Pilot Corporation
| |
Scott Paper Co. R. J. Reynolds Industries Inc.
| |
American Petroleum Institute United States Steel Corp.
| |
Richardson Merril Inc. Metropolitan Life Insurance Co.
| |
May Department Stores Co. Norton-Simon Inc.
| |
Sperry Rand Corporation Stone-Webster Inc.
| |
San Salvador Development Company Standard Oil of Indiana
Chart
4 - Published 1976
This
chart shows the interlocks between the Federal Reserve Bank of New York J.
Henry Schroder Banking Corp., J. Henry Schroder Trust Co., Rockefeller
Center, Inc., Equitable Life Assurance Society ( J.P. Morgan), and the
Federal Reserve Bank of Boston.
Alan
Pifer, President
Carnegie
Corporation
of
New York
----------------------
|
|
----------------------
Carnegie
Corporation
Trustee
Interlocks
--------------------------
----------------------
|
|
|
Rockefeller
Center, Inc
J. Henry Schroder Trust Company
| &nb | 
