“The Accord”: While the United states Armed Forces (private mercenaries) are in Korea, “champion[ing] liberty wherever the tyranny of communism is the aggressor,” John W. Snyder, secretary of the treasury, and Thomas B. McCabe, Chairman of the Federal Reserve Board of Governors (a Federal agency) that oversees the privately owned Federal Reserve System of (central) Banks jointly announce their agreement that the Open Market Committee of unlawful central banks will be allowed to purchase Treasury Bills (Federal Debt obligations) at whatever price it determines. Since the beginning of the Axis War (World War II) the department of the treasury dictated to the OMC what interest it would pay on its Federal debt.
[restored 9/6/2022] Thanks to Chuck McGlawn for this entry.
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
U.S. Banking Timeline – Statement by the President in Response to a Joint Announcement by the Treasury Department and the Federal Reserve System.
www.presidency.ucsb.edu/ws/index.php?pid=14031&st=&st1=
Treasury-Federal Reserve Accord— Background— Background
www.richmondfed.org/publications/research/special_reports/treasury_fed_accord/background/index.cfm
A History of the Panic of 2008
www.freedomworks.org/uploads/crisis.pdf
Current U.s. National Debt:
