By Greg Hunter
April 16, 2014
Best-selling author Nomi Prins warns, “Never before have the Government and the Fed collaborated so extensively by propping up the banking system to the detriment of the population.” Prins lays out a long history of the relationships between U.S. Presidents and bankers that date back to Teddy Roosevelt and JP Morgan. On her new book titled “All the Presidents’ Bankers,” Prins contends, “That connection with Teddy Roosevelt was a very powerful established entity between two people that has allowed all this stuff that has happened in the last hundred years to really happen. The friendships, the social ties, the idea that the bankers could sort themselves out with Treasury Department help if it needed to. Of course, it’s epic now. All of that was solidified then. Banks being hands-off with respect to the oval office was all solidified then. We’ve only been consolidating that message throughout the century since.”
Fast forward to JFK and the bankers of the day, and Prins points out the banks in the early 1960’s didn’t want a gold standard to restrict them. It is dollar debasement history as Prins explains, “If bankers have a peg, if they have to put gold or any type of asset behind it or have any restriction, they don’t like it. So at the time, they weren’t working on trying to demolish the regulations that happened from the 1930’s to separate bank speculation from depositors, but they saw something else, and that was getting off gold. They really worked to push JFK off of gold. JFK was a little less friendly with the bankers. JFK, when he did invite bankers to the White House, he would have very short meetings. It was like hello, goodbye and thank you. Where LBJ, who came after JFK, was very friendly to the bankers and opened the White House to the bankers.”
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Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.