Paul Volcker

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Person.png Paul Volcker   C-SPAN Geni History Commons NNDB Prabook Sourcewatch WikiquoteRdf-entity.pngRdf-icon.png
(central banker, economist, deep state actor?)
Paul Volcker.jpg
BornPaul Adolph Volcker Jr.
5 September 1927
Cape May, New Jersey, U.S.
Died8 December 2019 (Age 92)
New York City, U.S.
NationalityUS
Alma materPrinceton University, Harvard University, London School of Economics
ReligionLutheranism
Parents • Paul Volcker Sr
• Alma Louise Volcker
Children2
SpouseBarbara Bahnson
Member ofAction Council for Peace in the Balkans, Atlantic Council/Distinguished Leadership Awards, Belfer Center for Science and International Affairs, Council on Foreign Relations/Historical Members, Global Commission on Drug Policy, Group of Thirty, Le Cercle, The American Academy in Berlin/Distinguished Visitors, Trilateral Commission
Interests • Gold
• Monetary system
PartyDemocratic Party

Paul Adolph Volcker, Jr. is a US economist and former Chairman of the Federal Reserve. He is a suspected US deep state actor.

Career

Volcker graduated from Princeton University in 1949 and received an M.A. from Harvard University in 1951.[1]

“In 1952, straight from the London School of Economics, Volcker joined the Federal Reserve Bank of New York as an economist. He stayed for five years, until 1957, at which time Volcker moved from Liberty Street to become an economist for Chase Manhattan Bank, where he stayed for four years, until 1961. In 1961, Volcker went to the Treasury Department in Washington, thus completing the first round of his three stop "revolving door." Appointed as Deputy Undersecretary for Monetary Affairs, he held that job just long enough to learn the ropes in Washington, and returned to New York, to Chase Manhattan Bank, as Vice President in charge of Planning. After three years in that post, Volcker left in 1969 to become Undersecretary for Monetary Affairs at the U. S. Treasury Department. After five years, Volcker completed the second round of his "revolving door" with an appointment as President of the Federal Reserve Bank of New York.

Volcker is also a member of the Council on Foreign Relations, the Rockefeller Foundation and the American Friends of the London School of Economics.

If Paul Volcker was a solitary phenomenon, we could make no case for Trilateral control of the Federal Reserve System. In fact, the Volcker phenomenon is one of a dozen parallel situations.”
Anthony Sutton [2]

Policies

Gold

Appointed by the Nixon Administration, Volcker served under secretary of the Treasury for international monetary affairs from 1969 to 1974. He was the "principal planner" [3] of Richard Nixon's decision to suspend gold convertibility of the dollar on August 15, 1971,[4][5][6] which resulted in the collapse of the Bretton Woods system. Volcker considered the suspension of gold convertibility "the single most important event of his career."[7][8]

Volcker shock

The Volcker Shock was a period of historically high interest rates precipitated by Federal Reserve Chairperson Paul Volcker's decision to raise the central bank's key interest rate, the Fed funds effective rate, during the first three years of his term. Volcker was appointed chairperson of the Fed in August 1979 by President Jimmy Carter, as replacement for William Miller, who Carter had made his treasury secretary. Volcker was one of the most hawkish (supportive of tighter monetary policy to stem inflation) members of the Federal Reserve's committee, and quickly set about changing the course of monetary policy in the U.S. in order to quell inflation. The Volcker Shock is remembered for bringing an end to over a decade of high inflation in the United States, prompting a deep recession and high unemployment, and for spurring on debt defaults among developing countries in Latin America who had borrowed in US dollars.[9] Some say it helped to bring about the end of the Soviet Union.[10]

Deep political connections

Attended Le Cercle.


 

A Quote by Paul Volcker

PageQuoteDate
The Great Reset“A controlled disintegration of the world economy is a legitimate object for the 1980s.”November 1978

 

Events Participated in

EventStartEndLocation(s)Description
Bilderberg/198214 May 198216 May 1982Norway
Sandefjord
The 30th Bilderberg, held in Norway.
Bilderberg/198313 May 198315 May 1983Canada
Quebec
Château Montebello
The 31st Bilderberg, held in Canada
Bilderberg/198625 April 198627 April 1986Scotland
Gleneagles Hotel
The 34th Bilderberg, 109 participants
Bilderberg/198724 April 198726 April 1987Italy
Cernobbio
35th Bilderberg, in Italy, 106 participants
Bilderberg/19883 June 19885 June 1988Austria
Interalpen-Hotel
Telfs-Buchen
The 36th meeting, 114 participants
Bilderberg/199221 May 199224 May 1992France
Royal Club Evian
Evian-les-Bains
The 40th Bilderberg. It had 121 participants.
Bilderberg/199712 June 199715 June 1997US
Lake Lanier
Georgia (State)
The 45th Bilderberg meeting
Bilderberg/200914 May 200917 May 2009Greece
Vouliagmeni
The 57th Bilderberg
Bilderberg/20103 June 20106 June 2010Spain
Hotel Dolce Sitges
Barcelona
The 122 guests met in the Hotel Dolce Sitges, Barcelona, Spain.
Many thanks to our Patrons who cover ~2/3 of our hosting bill. Please join them if you can.


References