“Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England….At the time of the Banks action I warned of its consequences….I felt that sooner or later the market had to break.”
Bernard Baruch
“Gold has worked down from Alexander’s time… When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory.”
Bernard M. Baruch
Bernard Baruch, ((( special))) person that he was, was an early globalist. More like a pre-Soros, his quotes about the Bank of England influencing the NY Fed Reserve seem to fulfill the ((( special people))) goal of chaos to their enemies, the goyim. Regarding the gold quote, while correct, his goal was to get gold out of the hands of the goyim, and controlled by the Fed so the people could be manipulated by the fiat currency. “Let me issue and control a nation’s money, and I care not who writes the laws.” – – – ((( Another Special Person)))
Very prescient! Thx. BTW, wasn’t he one of the original “financial wrecking crew” at Jekyll Island?