Study of the Hegemony of Parasitism - michaeljgoodnight.com

It is obvious that they can rack up "enormous profits" if
they know in advance what the monetary decisions will
he. Anyone who seriously believes that no one knows in
advance what Federal Reserve decisions will be is too
naive to be allowed out on their own; anybody who
believes that there is no one who can tell the Federal
Reserve Board what its policies are to be is even more
out of touch with reality.
Many people believed that Lord Montagu Norman ran
the Bank of England as a one-man show for thirty years,
showing that some people will believe anything. A. Craig
Copetas writes in Harper's, Jan. 1984, "How the
Barbarians Do Business" about the 2,000 dealers of the
London Metal Exchange, that viewing these people
objectively, "you are left with a simple scrap merchant --
a rag and bone man, as the British call their junk
dealers." It is the rag and bone men who are running the
economies of the world up and down like a window
shade, and profiting handsomely on every move of the
markets.
Carter Field notes in his biography of [Bernard] Baruch:
"Baruch got out of the market just before the Crash. But
what made Baruch sell stocks and buy tax-exempts at
such a favorable time?" Field offers no answer.
Norman Dodd, who was then with Bankers Trust, states
that Henry Morgenthau came into Bankers Trust a few
days before the Crash [of 1929], and ordered the officers
to close out all securities of his trusts, $60 million, in