Jerome Hayden Powell was born on February 4, 1953 in Washington, D.C.
On November 2, 2017, President Donald J. Trump nominated Jerome (Jay) Powell to serve as the 16th chairman of the Federal Reserve. He served as a member of the Federal Reserve Board of Governors since 2012. Previously, Powell worked in several globalists Wall Street firms.
According to Wikipedia, Jerome H. Powell graduated in 1971 from the Jesuit Georgetown Preparatory School. Four years later he received a Bachelor of Arts degree in political science from Princeton University. From 1975 to 1976 Powell worked as legislative assistant to Senator Richard Schweiker from Pennsylvania. He returned to study and earned a Juris Doctor degree from the Law Center at Georgetown University in 1979, where he was editor-in-chief of the Georgetown Law Journal.
In 1979, Powell moved to New York City and worked as a clerk to a judge and as a lawyer. From 1984 to 1990 Powell worked at the investment bank Dillon, Read and Co. He became vice president of the bank and concentrated on financing, merchant banking, and mergers and acquisitions.
Between 1990 and 1993, Powell served in the Treasury Department with Nicholas F. Brady, the former chairman of Dillon, Read & Co. In 1992, Powell was appointed Under Secretary of the Treasury for Domestic Finance. He then went back to work for Dillon, Read & Co.
From 1997 to 2005 Powell was a partner at the very powerful Carlyle Group where former President George H.W. Bush was a member. After leaving the Carlyle Group, Powell founded Severn Capital Partners, a private investment firm focused on specialty finance and opportunistic investments in the industrial sector. In 2008, Powell became a managing partner of the Global Environment Fund, a private equity and venture capital firm.
In December 2011, Powell was nominated to the Federal Reserve Board of Governors by President Barack Obama. He took office on May 25, 2012 to fill the unexpired term of Frederic Mishkin, who had resigned. In January 2014, Powell was nominated for another term and, in June 2014, he was confirmed by the Senate in a 67-24 vote.
In 2017, Powell reported that he had a net worth between $19.7 million and $55 million, making him the richest member of the Federal Reserve Board of Governors. Powell is a registered Republican. In 2008, he contributed $30,800 to the John McCain 2008 presidential campaign.
What is the Federal Reserve (the Fed)?
The Federal Reserve Bank (the Fed) is not a federal agency. The Fed is a banking cartel made up of national and international banks that issues money out of thin air. This very powerful private central bank was created on December 23, 1913 by Insiders bankers and their allies in the government. The Federal Reserve Act, when it was signed by President Woodrow Wilson, was unconstitutional. Article 1, Section 8 of the Constitution clearly states that only Congress has the power to issue or print the currency and determine its value.
There are many books that explain the role of the banking cartel that created the Federal Reserve Bank and assumed control over finances of the United States and practically over its entire government. The best book on this topic is The Creature of Jekyll Island: A Second Look at the Federal Reserve, 5th Edition (2010) written by G. Edward Griffin.
The Creature from Jekyll Island became the Number One best seller in Amazon´s category of money and monetary policy. It also ranked 32nd in the non-fiction category. This book is a classic exposĂŠ of the Federal Reserve Bank. It explains the most blatant scam in history. The book has 608 pages and describes how the Federal Reserve Bank is the cause of inflation, depression, prosperity, boom-bust cycles, and wars. Former Congressman Ron Paul has called The Creature from Jekyll Island a âsuperb analysisâ and has indicated âto be prepared for one heck of a journey through time and mind.â Ron Paul agreed with the conclusions of G. Edward Griffin.
Jekyll Island, an island off the coast of Georgia, is where the conspirators secretly met in November 1910. The secret meeting was called by Senator Nelson Aldrich, Republican from Rhode Island and chairman of the Senate Banking Committee. Aldrichâs daughter, Abby, married John D. Rockefeller, Jr. Sixty years after this secret meeting, Aldrich´s grandson, Nelson Aldrich Rockefeller became the vice president of the United States under President Gerald Ford. Previously, Nelson Rockefeller had served as governor of New York and had run unsuccessfully for the presidential nomination of the Republican Party.
Another grandson of Senator Nelson Aldrich was the late David Rockefeller. He had served as chairman of the Council of Foreign Relations (founded in 1921) and was one of the founders of the Bilderberg Group in 1954 and the Trilateral Commission in 1973.
The purpose of the secret meeting at Jekyll Island that Senator Nelson Aldrich called upon was to create the Federal Reserve Bank. In addition to Senator Aldrich, five other individuals met at the Jekyll Island Club House in 1910. (This writer has been several times to this place in Jekyll Island.)
The five individuals were the following:
⢠Abraham Piatt Andrew, Assistant Secretary of the U.S. Treasury.
⢠Frank A. Vanderlip, president of the National City Bank of New York, the most powerful bank at that time, who represented William Rockefeller and the international investment banking house of Kuhn, Loeb & Company.
⢠Henry P. Davison, senior partner of the J.P. Morgan Company.
⢠Benjamin Strong, head of J.P. Morganâs Banker Trust Company, who later became the head of the Federal Reserve Bank.
⢠Paul M. Warburg, a partner in Kuhn, Loeb & Company, a representative of the Rothschild banking dynasty in England and France, and brother to Max Warburg, who was head of the Warburg banking consortium in Germany and the Netherlands. These six individuals, along with the bankers who they represented, made up approximately 25% of the total wealth of the entire world.
Ron Paul wrote the book End of the Fed in 2010.
Criticisms of the Federal Reserve Bank
Former Republican Congressman Ron Paul, who served in the House of Representatives Banking Committee and ran for president several times, wrote the book End of the Fed (2010). He severely criticized the Federal Reserve. Amazon described Congressman Paulâs book as follows: âMost people think of the Fed as an indispensable institution without which the country’s economy could not properly function. But in, End of the Fed, Ron Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Fed is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put us into an inflationary depression where $100 bills are worthless. What most people don’t realize is that the Fed — created by the Morgans and Rockefellers at a private club off the coast of Georgia — is actually working against their own personal interests.â
Both Ron Paul and his son, Republican Senator Rand Paul, from Kentucky have repeatedly requested that an independent audit of the Federal Reserve Bank be conducted by the Controller General of the Congress. Bills have been filed over the years but none of them were approved by Congress.
Conclusion
If the Senate approves the nomination of Jerome (Jay) Powell to serve as the 16th chairman of the Federal Reserve, he will replace Janet Yellen when her term expires. Powellâs career in the very powerful Wall Street globalist financial institutions and in the Council of Foreign Relations-controlled Treasury Department will be of immense help to him. Currently, the Fed is in the process of gradually selling a portfolio of $4.2 trillion in mortgages and Treasury bonds purchased after the financial crisis of 2007 and 2008. Since the Fed is a banking cartel, can anyone explain how it is possible for a group of private banks to have so much money to buy trillions of mortgages and Treasury bonds?
There is a definite need for an independent audit of the Federal Reserve Bank to be conducted by the Controller General of the Congress. Americans need to know who are the owners of this private banking cartel who has so much power over the United States.
