Paul Volcker

Paul Volcker         (central banker, economist, deep state actor?)
Born	Paul Adolph Volcker Jr. 5 September 1927 Cape May, New Jersey, U.S.
Died	8 December 2019 (Age 92) New York City, U.S.
Nationality	US
Alma mater	Princeton University, Harvard University, London School of Economics
Religion	Lutheranism
Parents	• Paul Volcker Sr • Alma Louise Volcker
Children	2
Spouse	Barbara Bahnson
Member of	Action 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
Party	Democratic Party
Chairman of the Federal Reserve, suspected US deep state actor  Chair In office February 2009 - January 2011 Employer President's Council on Jobs and Competitiveness Succeeded by Eileen Davidson  Chairman of the Federal Reserve In office August 6, 1979 - August 11, 1987 Preceded by G. William Miller Succeeded by Alan Greenspan  President of the Federal Reserve Bank of New York  In office May 2, 1975 - August 5, 1979  Trilateral Commission/North American Chairman In office 1991 - 2001 Preceded by David Rockefeller Succeeded by Tom Foley  Undersecretary of the Treasury for Monetary Affairs In office 1969 - 1974 Succeeded by Jack Bennett

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.

“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

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" of Richard Nixon's decision to suspend gold convertibility of the dollar on August 15, 1971, 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."

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. Some say it helped to bring about the end of the Soviet Union.

Deep political connections

Attended Le Cercle.

 

A Quote by Paul Volcker

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

 

Events Participated in

Event	Start	End	Location(s)	Description
Bilderberg/1982	14 May 1982	16 May 1982	Norway Sandefjord	The 30th Bilderberg, held in Norway.
Bilderberg/1983	13 May 1983	15 May 1983	Canada Quebec Château Montebello	The 31st Bilderberg, held in Canada
Bilderberg/1986	25 April 1986	27 April 1986	Scotland Gleneagles Hotel	The 34th Bilderberg, 109 participants
Bilderberg/1987	24 April 1987	26 April 1987	Italy Cernobbio	35th Bilderberg, in Italy, 106 participants
Bilderberg/1988	3 June 1988	5 June 1988	Austria Interalpen-Hotel Telfs-Buchen	The 36th meeting, 114 participants
Bilderberg/1992	21 May 1992	24 May 1992	France Royal Club Evian Evian-les-Bains	The 40th Bilderberg. It had 121 participants.
Bilderberg/1997	12 June 1997	15 June 1997	US Lake Lanier Georgia (State)	The 45th Bilderberg meeting
Bilderberg/2009	14 May 2009	17 May 2009	Greece Vouliagmeni	The 57th Bilderberg
Bilderberg/2010	3 June 2010	6 June 2010	Spain Hotel Dolce Sitges Barcelona	The 122 guests met in the Hotel Dolce Sitges, Barcelona, Spain.

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