Secrets of the Temple

[fulltitle]

Without Prejudice.
An old book, few people seem to mention it. Might be of interest to some.

In this penetrating study of the Federal Reserve Board in the Reagan era, Rolling Stone writer Greider (The Education of David Stockman) views the "Fed" chairman (until recently Paul Volcker) as the "second most powerful" officer of government, the high priest of a temple as mysterious as money itself, its processes unknown to the public and yet to be fully understood by any modern president. Controlling the money supply by secretly buying and selling government bonds and thus affecting interest rates, the Fed can manipulate billions in business profits or losses and millions in worker employment and stock, bond or bank account values, the author explains. Greider's conclusions are startling at times. The Fed, he maintains, could have prevented the 1929 crash. He also asserts the "awkward little secret" that the federal government deliberately induces recessions, usually to bring down inflation and interest rates. A time-consuming but extremely informative read.
Copyright 1987 Reed Business Information, Inc.

http://www.amazon.com/Secrets-Temple.../dp/0671675567

[masterduke]

Seems the fed is joined at the hip to the Bank of England Which according to Griffth in the Creature from Jekyl Island He makes the assertion that a Norman Montigue, then head of the the B of E, said there was going to be a "Shake out" of the U.S. economy and a couple of months later the market crash of '29 occured and the depression was close behind. This was supposedly due to a major shift of U.S. gold reserves sent to england to help them pay off their WW1 debts?