Democratic (socialist/fascist) President Truman appoints Thomas B. McCabe, assistant secretary of the treasury, to be the next Chairman of the Federal Reserve Board of Governors (a Federal agency) that oversees the privately owned Federal Reserve System of (central) Banks. Truman declined to re-appoint Chairman Marriner Eccles, after Eccles refused to “inflate” the Federal government out of the huge debt it had accumulated during the Axis War (World War II).
[restored 8/25/2022] Thanks to Chuck McGlawn for this entry.
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Harry S. Truman – Memorandum Requesting a Study of the Problems of Debt Management and Credit Controls.
www.presidency.ucsb.edu/ws/index.php?pid=14022&st=&st1=
U.S. Banking Timeline – Memorandum Requesting a Study of the Problems of Debt Management and Credit Controls.
www.presidency.ucsb.edu/ws/index.php?pid=14022&st=&st1=
Accord of 1951 – Treasury Fed Accord | Ron Paul 2012 | Campaign for Liberty at the Daily Paul
www.dailypaul.com/node/87982
A History of the Panic of 2008
www.freedomworks.org/uploads/crisis.pdf
Current U.s. National Debt:
