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Roosevelt's family had been involved in New York banking since <strong>the</strong> eighteenth<br />

century.<br />

Frederic Delano, FDR's uncle, served on <strong>the</strong> original Federal Reserve Board.<br />

FDR attended Groton and Harvard, and in <strong>the</strong> 1920's worked on Wall Street,<br />

sitting on <strong>the</strong> board of directors of eleven different corporations.<br />

Dall wrote of his fa<strong>the</strong>r-in-law: "...Most of his thoughts, his political<br />

'ammunition,'...were carefully manufactured for him in advance <strong>by</strong> <strong>the</strong> CFR-<br />

One World Money group. Brilliantly... he exploded that prepared 'ammunition'<br />

in <strong>the</strong> middle of an unsuspecting target, <strong>the</strong> American people--and thus paid off<br />

and retained his internationalist political support."<br />

Taking America off <strong>the</strong> gold standard in 1934, FDR opened <strong>the</strong> way to<br />

unrestrained money supply expansion, decades of inflation--and credit revenues<br />

for banks. Raising gold prices from $20 an ounce to $35, FDR and Treasury<br />

Secretary Henry Morgenthau, Jr. (son of a founding CFR member), gave<br />

international bankers huge profits.<br />

FDR's most remembered program, <strong>the</strong> New Deal, could only be financed<br />

through heavy borrowing. In effect, those who had caused <strong>the</strong> Depression<br />

loaned America <strong>the</strong> money to recover from it. Then, through <strong>the</strong> National<br />

Recovery Administration, proposed <strong>by</strong> Bernard Baruch in 1930, <strong>the</strong>y were put<br />

in charge of regulating <strong>the</strong> economy. FDR appointed Baruch disciple Hugh<br />

Johnson to run <strong>the</strong> NRA, assisted <strong>by</strong> CFR member Gerard Swope. With broad<br />

powers to regulate wages, prices, and working conditions, it was, as Herbert<br />

Hoover wrote in his memoirs: "...pure fascism;...merely a remaking of<br />

Mussolini's 'corporate state'..." The Supreme Court eventually ruled <strong>the</strong> NRA<br />

unconstitutional.<br />

During <strong>the</strong> FDR <strong>years</strong>, <strong>the</strong> Council on Foreign Relations captured <strong>the</strong> political<br />

life of <strong>the</strong> U.S. Besides Treasury Secretary Morgenthau, o<strong>the</strong>r CFR members<br />

included Secretary of State Edward Stettinus, War Secretary Henry Stimson,<br />

and Assistant Secretary of State Sumner Welles.<br />

Since 1934 almost every United States Secretary of State has been a CFR<br />

member; and ALL Secretaries of War or Defense, from Henry L. Stimson<br />

through Richard Cheney.<br />

The CIA has been under CFR control almost continuously since its creation,<br />

starting with Allen Dulles, founding member of <strong>the</strong> CFR and bro<strong>the</strong>r of

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