Who is he: Paul Volcker runs in elite circles and has served the Rockefeller family well for decades. Volcker was seen by the mainstream media as a very successful Chairman of the Federal Reserve when he served from 1979 to August of 1987. Volcker's policies supposedly ended the high inflationary stagflation crisis when inflation peaked at 13.5% in 1981.
Here is Congressman Ron Paul on Paul Volcker: "Being in Congress in the late 1970s and early 1980s and serving on the House Banking Committee, I met and got to question several Federal Reserve chairmen, Arthur Burns, G. William Miller and Paul Volcker. Of the three, I had the most interaction with Volcker. He was more personable and smarter than the others, including the more recent Board chairmen, Alan Greenspan and Ben Bernanke. "
Volcker was named Chairman of the Economic Recovery Advisory Board by President Barack Obama and served from February 2009 until January 2011. Reports were that Volcker did not get along well with some of the other heavyweights with which Obama had populated the board.
Paul Volcker married Barbara Bahnson, in 1954. She passed away in 1998. Volcker is credited with saying regarding his honeymoon, "The greatest strategic error of my adult life was to take my wife to Maine on our honeymoon on a fly-fishing trip." Perhaps to rectify a wrong, Volcker eloped when he remarried in in February 2010 at age 83.
Background: Paul Volcker was born on September 5th, 1927 in Cape May, New Jersey and was raised Protestant as his mother was Lutheran and his father Episcopalian. Volcker graduated from Princeton University in 1949 and received a M.A. in Political Economy from Harvard. Volcker also attended the London School of Economics in 1951 and 1952.
Volcker was a Rockefeller protégé, immediately after graduation joining the Federal Reserve Bank of New York as an economist. After five years, Volcker went to work with Chase Manhattan Bank and in 1962 he joined the Treasury Department where he remained until 1974.
At the Treasury, Volcker was instrumental in the great American default when gold convertibility was suspended in 1971 along with the collapse of the Bretton Woods system. Following this debacle, Volcker was named president of the New York Fed where he remained until becoming Federal Reserve Chairman in 1979. Upon leaving the Federal Reserve, in 1987, Volcker became chairman of J. Rothschild, Wolfensohn & Co., previously led by James D. Wolfensohn, who following this became president of the World Bank.
In 1996, Volcker was tapped as chairman of the Independent Committee of Eminent Persons, also called the Volcker Commission, basically a looting expedition against the Swiss banks by the Anglo-American monetary elites in which $1.25 billion was stolen for supposed accounts of Jewish victims of the holocaust. Nothing was said or mentioned about the larger amount of funds which were protected for Jews during the Nazi period by Swiss bank secrecy laws. Edgar Bronfman Jr. was also instumental in the media onslaught against the Swiss banks that led to their eventual capitulation. In addition to the cash grab, this process was the beginning of an ongoing attack on Swiss banking privacy which had cost the New York and London banking establishments billions in lost business.
Volcker is an enforcer for the Anglo-American establishment and an important cog-in-the-wheel for Rockefeller interests and their one-world plan of global governance. As recently as 2006, he was a member of the Trilateral Commission, the Group of Thirty and the Bilderberg Group. Paul Volcker has spent his long life in total service to the monetary elites at the expense of productive Americans. Volcker has been compensated well for doing ill. This is a sad commentary for an American who had so much to offer his nation and people.
News & Analysis
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