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What role has the US Treasury and the Federal Reserve played in the rescue of Wachovia?
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∙ 15y ago
The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Purpose * Addressing the problem of bank panics ** Elastic currency ** Check clearing system ** Lender of last resort * Central bank ** Federal funds * Balance between private banks and responsibility of government ** Government regulation and supervision *** Preventing asset bubbles * National payments system The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Purpose * Addressing the problem of bank panics ** Elastic currency ** Check clearing system ** Lender of last resort * Central bank ** Federal funds * Balance between private banks and responsibility of government ** Government regulation and supervision *** Preventing asset bubbles * National payments system
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∙ 15y ago
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What best describes how federalism changed as a result of the economic crisis of the 1930s?
The lines between federal and state powers blurred as the federal government played a larger role in funding and directing state governments
What is the historical significance of laissez-faire?
Adam Smith played a large role in popularizing laissez-faire economic theories in English-speaking countries, though he was critical of a number of aspects of what is currently thought of as laissez-faire (such as lack of government regulation of business practices). Laissez-faire philosophy was dominant throughout the late 19th and early 20th century in the wealthier countries of Europe and North America. Many historians also see that period as the height of laissez-faire's implementation in those countries. However, critics claim that what was described as "laissez-faire" policy was simply a proactive pro-business policy, and in practice there was little difference between pro-business and laissez-faire. In this context, laissez-faire rhetoric was used to justify denial of similar subsidies to the poor and working classes. Some believe these claims are still valid. Some argue that laissez-faire policies played a role in creating the Great Depression but many economists, such as Milton Friedman argue, that by the time of the Great Depression, significant government economic regulation had already taken place and that it was the Federal Reserve which caused the Depression, by creating an environment in which the market depended upon it to act, and then failing to take action. The action of the Federal Reserve has been compared to putting a penny in the fuse-box of the economy. Like pure communism, pure capitalism has never existed in the real world.
Do the rothchild's own the federal reserve?
While some conspiracy theorists suggest that banking families like the Rothchilds do indeed "own" the Federal Reserve (even by their words, "own" is loosely used), there is no hard evidence to suggest it is true. Banks are required to buy stock in the Federal Reserve (this is a tool of the Federal Reserve called the reserve ratio) in order to licensed as banks. Thus, it has lead some to believe that banking families indeed "own" the Fed. Another View Permit me to issue and control the money of the nation and I care not who makes its laws. --- Mayer Amsched Rothchild, a prominent European banker in the eighteenth century If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied. --- Thomas Jefferson I believe that banking institutions are more dangerous to our liberties than standing armies. --- Thomas Jefferson The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank. --- Curtis Dall (Franklin D. Roosevelt's son-in-law), My Exploited Father-in-Law Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the Field of commerce and manufacture, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they better not speak above their breath when they speak in condemnation of it. --- President Woodrow Wilson, 1913 This Federal Reserve Act establishes the most gigantic trust on earth. When the President (Wilson) signs this bill the invisible government of the Monetary Power will be legalized. --- Hon. Charles A. Lindbergh, Sr., Dec. 23, 1913 We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominate men. I have unwittingly betrayed my country. --- President Woodrow Wilson, 1916 In March, 1915, the J.P. Morgan interests, the steel, shipbuilding, and powder interest, and their subsidiary organizations, got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press... They found it was only necessary to purchase the control of 25 of the greatest papers... An agreement was reached; the policy of the papers was bought, to be paid for by the month; an editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies, and other things of national and international nature considered vital to the interests of the purchasers. --- U.S. Congressman Oscar Callaway, 1917 The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state and nation. Like the octopus of real life, it operates under cover of a self created screen... At the head of this octopus are the Rockefeller Standard Oil interests and a small group of powerful banking houses generally referred to as international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both political parties. --- New York City Mayor John F. Hylan, 1922 From the days of Sparticus, Wieskhopf, Karl Marx, Trotsky, Rosa Luxemberg, and Emma Goldman, this world conspiracy has been steadily growing. This conspiracy played a definite recognizable role in the tragedy of the French revolution. It has been the mainspring of every subversive movement during the 19th century. And now at last this band of extraordinary personalities from the underworld of the great cities of Europe and America have gripped the Russian people by the hair of their head and have become the undisputed masters of that enormous empire. --- Winston Churchill, l922. We are at present working discreetly with all our might to wrest this mysterious force called sovereignty out of the clutches of the local nation states of the world. --- Professor Arnold Toynbee, l931 Institute for the Study of International Affairs. For a long time I felt that FDR had developed many thoughts and ideas that were his own to benefit this country, the United States. But, he didn't. Most of his thoughts, his political ammunition, as it were, were carefully manufactured for him in advanced by the Council on Foreign Relations One World Money group. Brilliantly, with great gusto, like a fine piece of artillery, he exploded that prepared "ammunition" in the middle of an unsuspecting target, the American people, and thus paid off and returned his internationalist political support... The UN is but a long range, international banking apparatus nearly set up for financial and economic profit by a small group of powerful One World Revolutionaries, hungry for profit and power... The depression was the calculated 'shearing' of the public by the World Money powers, triggered by the planned sudden shortage of supply of call money in the New York money market... The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank. --- Curtis Dall, from My Exploited Father-in-Law The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson. --- letter to Colonel House by Franklin D. Roosevelt, November 21st, l933 Fifty men have run America, and that's a high figure." --- Joseph Kennedy, July 26th, l936 New York Times. We shall have world government whether or not you like it by conquest or consent. --- James Warburg member Council on Foreign Relations speaking before Senate Foreign Relations Committee on February 17th, l950 The real rulers in Washington are invisible, and exercise power from behind the scenes. --- Supreme Court Justice Felix Frankfurter, 1952 Today the path of total dictatorship in the United States can be laid by strictly legal means, unseen and unheard by the Congress, the President, or the people. Outwardly we have a Constitutional government. We have operating within our government and political system, another body representing another form of government a bureaucratic elite. --- Senator William Jenner, 1954 The most powerful clique in these (CFR) groups have one objective in common they want to bring about the surrender of the sovereignty and the national independence of the U.S. They want to end national boundaries and racial and ethnic loyalties supposedly to increase business and ensure world peace. What they strive for would inevitably lead to dictatorship and loss of freedoms by the people. The CFR was founded for "the purpose of promoting disarmament and submergence of U.S. sovereignty and national independence into an all powerful one world government." --- Harpers magazine, l958 The case for government by elites is irrefutable. --- Senator William Fulbright, Former chairman of the US Senate Foreign Relations Committee, 1963 The Trilateral Commission is intended to be the vehicle for multinational consolidation of the commercial and banking interests by seizing control of the political government of the United States. The Trilateral Commission represents a skillful, coordinated effort to seize control and consolidate the four centers of power political, monetary, intellectual and ecclesiastical. What the Trilateral Commission intends is to create a worldwide economic power superior to the political governments of the nation states involved. As managers and creators of the system they will rule the future. --- Senator Barry Goldwater l964 from his book: With No Apologies The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements, arrived at in frequent private meetings and conferences. The apex of the system was the Bank for International Settlements in Basle, Switzerland; a private bank owned and controlled by the worlds' central banks, which were themselves, private corporations. The growth of financial capitalism made possible a centralization of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups. --- Tragedy and Hope: A History of The World in Our Time 1966, Professor Carroll Quigley, Georgetown University. The Council on Foreign Relations is "the establishment." Not only does it have influence and power in key decision making positions at the highest levels of government to apply pressure from above, but it also announces and uses individuals and groups to bring pressure from below, to justify the high level decisions for converting the U.S. from a sovereign Constitutional Republic into a servile member state of a one world dictatorship. --- Congressman John Rarick 1971 The New World Order will have to be built from the bottom up rather than from the top down... but in the end run around national sovereignty, eroding it piece by piece will accomplish much more than the old fashioned frontal assault. --- Council on Foreign Relations member Richard Gardner, l974 The drive of the Rockefellers and their allies is to create a one-world government combining super capitalism and Communism under the same tent; all under their control... Do I mean conspiracy? Yes I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent. --- Congressman Larry P. McDonald, 1976 I never thought the Federal Reserve System would prove such a failure. The country is in a state of irretrievable bankruptcy. --- Senator Carter Glass 1983 We are grateful to The Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the work is now much more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries. --- David Rockefeller, founder of the Trilateral Commission, address to The Trilateral Commission, June, 1991. In the next century, nations as we know it will be obsolete; all states will recognize a single, global authority. National sovereignty wasn't such a great idea after all. --- Strobe Talbott, Clinton's Deputy Secretary of State, Time Magazine, July 20th, l992. Robert B. Reich, former Secretary of the Treasury in the Clinton Administration, made these statements as reported in USA Today, January 7, 1999: The dirty little secret is that both houses of Congress have become increasingly irrelevant... In case you hadn't noticed, America's domestic policy is now being run by Alan Greenspan and the Federal Reserve Board. Their decisions about interest rates are determining how many of us have jobs and how many of us get a raise. When the Fed's Open Market Committee decides to lower the rates, unemployment drops and wages rise. When they raise rates, it's just the opposite. When they decide to hold rates steady, as they did last week, the economy continues to move in whatever direction it was already going... Congress is out of the loop... America's foreign policy, mean while, is now being run by the International Monetary Fund (IMF), with some coaching from the Treasury Department... Here, too, Congress has become irrelevant. Some senators and House members fussed a bit when the administration asked for tens of billions of additional dollars for the IMF. But in the end, the elected representatives came through... And when the president decides to go to war, he no longer needs a declaration of war from Congress. He just calls up a few generals, phones Tony Blair in Britain and sends in the bombers. Have you seen a single congressional hearing or congressional debate on the U.S.-Iraqi war? If the above quotes do not convince you of your awful situation just take a look at the very notes you carry in your pockets. On the series 1928 Federal Reserve Note it said that the note was: Redeemable in gold on demand at the United States Treasury or in gold or lawful money at any Federal Reserve Bank. On the series 1934 Federal Reserve Note it said: This note is legal tender for all debts public and private and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank. On the series 1963 Federal Reserve Note and through to today it says: This note is legal tender for all debts, public and private.
What movie and television projects has Sylvia Barter been in?
Sylvia Barter has: Played Daisy Pinfold in "Crossroads" in 1964. Played Marie in "ITV Playhouse" in 1967. Played Chairman of juvenile court in "The Main Chance" in 1969. Played Miss Thomson in "Softly Softly: Task Force" in 1969. Played Welfare officer in "Play for Today" in 1970. Played Miss Straker in "Justice" in 1971. Played Aunt Grace in "Helen: A Woman of Today" in 1973. Played Emily in "A Pin to See the Peepshow" in 1973. Played Lady Calderbeck in "When the Boat Comes In" in 1976. Played Mother Superior in "Secret Army" in 1977. Played Lady Matheson in "Separate Tables" in 1983. Played Elderly Woman in "Jemima Shore Investigates" in 1983. Played Countess in "The Balance of Nature" in 1983. Performed in "The Bill" in 1984. Played Lady Hayle in "C.A.T.S. Eyes" in 1985. Played Miss Percival 2 in "Blott on the Landscape" in 1985. Played Nanny in "Ladies in Charge" in 1986. Performed in "Screenplay" in 1986. Played Lisa in "Casualty" in 1986. Played Old Lady in "Lovejoy" in 1986. Played Jessica Davies in "Forever Green" in 1989. Played Ivy Pugsley in "KYTV" in 1989. Played Mrs. Theobald in "Where Angels Fear to Tread" in 1991. Played Lady Sinfield in "Love Hurts" in 1992. Played Julia Shillitoe in "Performance" in 1992. Played Woman in Bookshop in "Shadowlands" in 1993. Played Lady Pamela Wednesbury in "Under the Hammer" in 1993. Played Tilly in "The Countess Alice" in 1993. Played Mrs. Bates in "Emma" in 1996.
What played a significant role in economic expansion?
What played a significant role in economic expansion?
What did congress charter that played a role in making the us economy more stable?
Congress chartered the Federal Reserve System in 1913, which played a significant role in making the US economy more stable. The Federal Reserve System acts as the central bank of the United States and is responsible for conducting monetary policy, regulating banks, and maintaining financial stability. Through its control over interest rates and the money supply, the Federal Reserve is able to influence economic activity, stabilize prices, and promote full employment.
What movie and television projects has Timothy Geithner been in?
Timothy Geithner has: Played Himself - U.S. Treasury Secretary in "Meet the Press" in 1947. Played Himself - U.S. Treasury Secretary in "Face the Nation" in 1954. Played Himself - Secretary of the United States Department of the Treasury in "Face the Nation" in 1954. Played Himself - U.S. Treasury Secretary in "Nightly Business Report" in 1981. Played Himself - Treasury Secretary in "Frontline" in 1983. Played Himself - Guest in "The Charlie Rose Show" in 1991. Played himself in "The Tonight Show with Jay Leno" in 1992. Played Himself - United States Secretary of the Treasury in "This Week" in 1996. Played Himself - Guest in "Fareed Zakaria GPS" in 2008. Played himself in "Hannity" in 2009. Played himself in "Fall of the Republic: The Presidency of Barack H. Obama" in 2009. Played Himself - U.S. Treasury Secretary in "Glenn Beck" in 2009. Played himself in "Obama Likes Spending" in 2011. Played Himself - Former Secretary of US Treasury (2012) in "Whistleblowers: The Untold Stories" in 2011. Played Himself - U.S. Treasury Secretary in "CBS Evening News with Scott Pelley" in 2011. Played himself in "All Eyes and Ears" in 2014.
What movie and television projects has Arnold John Popa III been in?
Arnold John Popa III has: Played State Trooper in "The Dukes of Hazzard" in 2005. Played Church Member in "Come Early Morning" in 2006. Played Real Estate Agent in "War Eagle, Arkansas" in 2007. Played Federal Reserve Tech in "Mad Money" in 2008. Played Deputy Darryl in "Denizen" in 2010.
Was Albert Gallatin a member of Thomas Jefferson's cabinet?
Yes, Albert Gallatin was a member of Thomas Jefferson's cabinet. He served as the Secretary of the Treasury from 1801 to 1814, during Jefferson's first and second terms as president. Gallatin played a crucial role in shaping Jefferson's economic policies and is often credited with restoring fiscal responsibility to the federal government.
What movie and television projects has Jonathan Rau been in?
Jonathan Rau has: Played Ernie in "Mel" in 1998. Played G.I. on the Tarmac in "Basic" in 2003. Played Uniformed Cop in "Lonely Hearts" in 2006. Played Ricky Retardo in "Hookers Inc." in 2006. Played Bar Guy in "Final Move" in 2006. Played Federal Reserve Supervisor in "The Taking of Pelham 1 2 3" in 2009. Played Jon Lafinney in "Snakes of Justice" in 2009. Played Janitor in "The Absent" in 2011.
Who was a member of the federalist political party?
Alexander Hamilton was a prominent member of the Federalist political party. He was one of the key founding fathers of the United States and a supporter of a strong federal government. Hamilton played a crucial role in shaping the country's financial system as the first Secretary of the Treasury.
What movie and television projects has Cynthia Riser been in?
Cynthia Riser has: Played Reporter in "The Year Without a Santa Claus" in 2006. Played Christian Protester in "Not Like Everyone Else" in 2006. Played Caterer in "Inspector Mom: Kidnapped in Ten Easy Steps" in 2007. Played Match Race Fan in "Ruffian" in 2007. Played News Crew Reporter in "Cleaner" in 2007. Played Federal Reserve Employee in "Mad Money" in 2008. Played Juror in "Beyond a Reasonable Doubt" in 2009. Played Parishioner in "Butter" in 2011. Played Lady in Bar in "Broken Blood" in 2013.
What movie and television projects has Bob Ader been in?
Bob Ader has: Played Mr. Stutz in "One Life to Live" in 1968. Played Rabbi Prushinowski in "Unsolved Mysteries" in 1987. Played Attorney in "The American Experience" in 1988. Played Tap Dancer in "When Harry Met Sally..." in 1989. Performed in "Le Grand Pardon II" in 1992. Played CBS Sports Reporter in "Late Show with David Letterman" in 1993. Played Balloon Captain in "Just for the Time Being" in 2000. Played Federal Reserve Spokesman in "The Onion News Network" in 2011.
What is one of the major roles the Supreme Court played in the federal judiciary?
evaluate the decisions of lower federal court
What movie and television projects has Fred Tecce been in?
Fred Tecce has: Played Himself - Former Federal Prosecutor in "Inside Edition" in 1988. Played himself in "Happening Now" in 2007. Played Himself - Former Federal Prosecutor in "Happening Now" in 2007. Played Himself - Former Federal Prosecutor in "Money with Melissa Francis" in 2012. Played Himself - Trademark Attorney in "Money with Melissa Francis" in 2012.
What is Wellingtons major cricket ground called?
The ground where tests are played is called the Basin Reserve. One dayers are played at Westpac stadium it's nickname is "the cake tin"
What movie and television projects has Vince Cable been in?
Vince Cable has: Played himself in "South at Six" in 1961. Played himself in "Question Time" in 1979. Played himself in "Newsnight" in 1980. Played Himself - Liberal Democrat Treasury Spokesman in "Channel 4 News" in 1982. Played himself in "Channel 4 News" in 1982. Played Himself - Liberal Democrat Shadow Chancellor in "Channel 4 News" in 1982. Played Himself - Business Secretary in "Dispatches" in 1987. Played Himself - Liberal Democrats Treasury Spokesman in "ITV Lunchtime News" in 1988. Played himself in "Have I Got News for You" in 1990. Played himself in "The Sunday Programme" in 1994. Played himself in "Jonathan Dimbleby" in 1994. Played Himself - Business Secretary in "Breakfast" in 2000. Played Himself - Liberal Democrats Treasury Spokesman in "The Daily Politics" in 2003. Played Himself - Liberal Democrat, Treasury in "The Daily Politics" in 2003. Played himself in "This Week" in 2003. Played Himself - Contestant in "Strictly Come Dancing" in 2004. Played Himself - Liberal Democrat, Deputy Leader in "Sunday AM" in 2005. Played Himself - Liberal Democrat, Acting Leader in "Sunday AM" in 2005. Played himself in "The Late Edition" in 2005. Played Himself - Newspaper Reviewer in "Sunday AM" in 2005. Played himself in "Have I Got News for You: The Inevitable Internet Spin-Off" in 2007. Played himself in "Election Night" in 2008. Played Himself - Liberal Democrat in "Five Days That Changed Britain" in 2010. Played Himself - Liberal Democrat Shadow Chancellor in "Ask the Chancellors" in 2010. Played Himself - Lib Dem Treasury Spokesman in "Election 2010" in 2010. Played himself in "The British Comedy Awards 2011" in 2011. Played Himself - Business Secretary in "Vote 2011" in 2011. Played Himself - Business Secretary in "Vote 2012" in 2012.
