Federal Reserve News

I highly recommend this book for whoever tackles a chapter on the Great Depression: Thomas E. Hall’s “The Great Depression: an international disaster of perverse economic policies.” Hall is a Friedman monetarist, pointing out many times the folly of Federal Reserve policies prior to 1935. There are hints that the banking industry started realizing what real power it had in the Fed’s powers, with changes to the charter during the Depression.

Some time in the near future, the Midas Letter organization is planning a documentary on the frauds committed by various parties by using the Fed, focusing on manipulation of the precious metals market. See http://www.midasletter.com/commentary/081114_Exposing-fraud-registering-... More information on the project can be found at http://www.crimeofthecenturymovie.com/

I have just spent over two weeks scanning and reconstructing a copy of a government publication from 1976 which exposes the interlocking directorships of people running the Fed with banks and other corporations. I plan to put this up for our project on my website. It is “Federal reserve Directors, a study of corporate and banking influence” a staff report for the committee on banking… Alas, I may not have the hard drive space for the final summary charts, which I captured in a graphic file format. Perhaps I will find time to reformat them into text charts.