The 1951 Banking Battle For Power

[Joanne98]

Understanding the present Matrix means looking at key years in the past. A number of astute commentators have mentioned the 1951 struggle for power between the Treasury and the President versus the Federal Reserve. The Reserve has won more and more power over the years and wants even more power and they have been a total, unmitigated disaster for the US. And we look at 1951 secret memos where the Fed conspires with the Bank of England and also conspire to control world gold markets! Lots of interesting data here!

Geithner seeks new powers over financial companies – The Globe and Mail

Treasury Secretary Timothy Geithner called on Congress Tuesday to grant him new powers to regulate huge financial companies like insurance giant AIG, whose failure would pose a grave danger to the U.S. financial system and the broader economy. Specifically, Geithner wants powers similar to those of the Federal Deposit Insurance Corporation, which has authority to seize control of banks, take over their bad assets and sell good ones to competitors. “AIG highlights broad failures of our financial system,” Geithner told the House Financial Services Committee. “We must ensure that our country never faces this situation again.” Federal Reserve Chairman Ben Bernanke, appearing with Geithner, agreed. He said the government’s bailout of troubled insurance giant American International Group Inc. underscores the urgent need to safely wind down financial giants on the verge of collapse and subject them to much stronger regulatory oversight

Geithner, a Federal Reserve chief in charge of the Wall Street sector, now runs the Treasury. And his buddy, Bernanke, and he wish to expand NON-PUBLIC control of the biggest financial houses. So they can ‘fix’ messes with minimal public input or controls. This internalization of banking systems comes after half a century of failures of both the Federal Reserve and the Treasury which is supposed to answer to Congress.


This week the Ron Paul bill, 1207 for auditing the Federal Reserve is being debated in Congress. Attempts at watering down the bill so Congress can unconstitutionally evade its responsibility for running the currency and the Treasury, must be resisted. Despite the obvious fact that the present system stinks, very few Congress people have the stomach to do their duty. This bill, by the way, totally ignored by the Republicans before Obama walked into office, now has their support. But the person who pushed this bill onto the floor for a debate was Kucinich, my very favorite Democrat. He was the 222nd Congressman to support the bill and did this in the teeth of Pelosi snarling and snapping at him.


In 1951, a battle for power between the Federal Reserve and the US Treasury was raging during a Presidential election cycle. It was resolved before Eisenhower entered the White House with the Federal Reserve the total winner and with it getting a mandate to do the currency manipulations we see so often today, the pretense, they are controlling prices via leverage games with the Treasury as the passive other partner.


http://fraser.stlouisfed.org/docs/historical/martin/15_05_nd6.pdf

1951:

Continued>>>
http://emsnews.wordpress.com/2009/06/13/the-1951-banking-battle-for-power/#more-4125

[dixiegrrrrl]

1. "those who forget the lessons of history, etc"

K&R

[alittlelark]

2. My hubby is a deacon in the 'church of capitalism'

Stanford MBA.

No matter how many ways I try to explain it.... I am wrong or confused.


This is a disconnect w/ reality.

It's getting better, but very slowly.

;(

[bertman]

3. Error: you can only recommend . . .

Total control is the goal.

And these guys are sitting at President Obama's right hand.