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Paul A. Volcker

Volcker was born on September 1927 in Cape May, New Jersey. He earned a bachelor of arts degree, summa cum laude, from Princeton in 1949, and a master of arts degree in political economy and government from the Harvard University Graduate School of Public Administration in 1951. Research assistant in the research department of the New York Fed during the summers of 1949 and 1950. Pilgrims Society member and later Rockefeller Foundation vice-chair Robert Vincent Roosa was his mentor there, and Paul Volcker became part of his 'Brain trust', or 'Roosa bloc' in the following years. Volcker would also become a member of the Pilgrims Society. From 1951 to 1952, he was Rotary Foundation Fellow at the London School of Economics (Rotary International and the Lions Clubs are still seen today by some as the most important recruiting centers for the Masonic movement). He returned to the New York Fed as an economist in the research department in 1952, and special assistant in the securities department from 1955 to 1957. Financial economist at Chase Manhattan Bank 1957-1961. Director of the Office of Financial Analysis at the Treasury 1962-1963. Deputy Undersecretary for Monetary Affairs at the Treasury 1963-1965. Rejoined Chase Manhattan as vice president and director of forward planning 1965-1968. Undersecretary of the Treasury for Monetary Affairs 1969-1974. Senior fellow at the Woodrow Wilson School of Public and International Affairs at Princeton University for the 1974-1975 academic year. Director Council on Foreign Relations 1975-1979 & 1988. President Federal Reserve Bank of New York 1975-1979. Member of the 1976 Iran-US Business Council meeting, which was set up by Henry Kissinger and Hushang Ansary in 1975, and included Peter G. Peterson and David Rockefeller. On July 26, 1979 the New York Times stated: "David Rockefeller, the chairman of Chase, and Mr. Roosa were strong influences in the Mr. Carter decision to name Mr. Volcker for the Reserve Board chairmanship." Chairman Federal Reserve System 1979-1987. Identified by BND officer Hans Langemann as a person who attended the December 1, 1979 meeting of Le Cercle in the Madison Hotel in Washington. Others that attended the meeting were the German Karl-Heinz Narjes (Bundestag; soon went to the ECC), William Colby (the recently retired CIA director at the time), Ed Feulner (president of the Heritage Foundation), Julian Amery (later chairman of Le Cercle; Privy Councillor; father was one of the closest Rothschild allies in building up Israel), and Jean Violet (French intelligence officer; Habsburg employee; Le Cercle co-founder and chairman; Fascist militant before WWII). Volcker became a member of the advisory board of Power Corporation in 1988 and is a friend to Canadian Paul G. Desmarais, Sr., a Privy Councillor and controlling shareholder of Power Corporation since 1968 (Desmarais and the Belgian Albert Frère jointly own about half of the major industries in France and Belgium, including Suez, Société Générale, Total, Imerys, and Groupe Bruxelles Lambert). Director of Prudential Insurance 1988-2000. Chairman of Wolfensohn & Co. in New York 1988-1996. North American chairman of the Trilateral Commission 1991-2001. Chairman of the newly created J. Rothschild, Wolfensohn & Company from March 1992 to 1995, Wolfensohn & Co.'s London-based joint venture. Visited Bilderberg in 1997. Attended meetings of the Ditchley Foundation and has chaired some of them. Advisor to the Japan Society and the International House. Member of the advisory board of Hollinger, together with Henry Kissinger, Richard Perle, and Zbigniew Brzezinski. Director of UAL Corporation, Bankers Trust New York Corporation, and Nestle, S.A. Director United States/Hong Kong Economic Cooperation Committee. Public member of the Board of Governors of the American Stock Exchange American Stock Exchange. Honorary trustee of the Aspen Institute. American Council on Germany, and the American Assembly. Co-chairman of the advisory board of Leadership Forum International and a principal of the Council for Excellence in Government. Member Circle of Presidents RAND Corporation, which means he has donated at least tens of thousands of dollars if not millions. Trustee International Accounting Standards Committee. Honorary chairman Financial Services Volunteer Corps, a firm founded by Cyrus Vance and John C. Whitehead in 1990. Honorary chairman Committee to Encourage Corporate Philanthropy. Chairman Independent Inquiry Committee into the Oil-For-Food program, which also employed Rockefeller’s granddaughter, attorney Miranda Duncan. Chairman board of trustees Group of Thirty (2005). Paul Volcker is a visitor of the Bohemian Grove camp Mandalay. Director of the United Nations Association of the United States of America 2000-2004. Director of the Fund for Independence in Journalism. Wrote the foreword of George Soros' 2003 book 'The Alchemy of Finance'. Director of the Institute for International Economics, Washington, headed by Peter G. Peterson. Other directors of the institute are Maurice R. Greenberg and David Rockefeller. Trustee of the American Assembly anno 2005, together with Admiral Bobby Ray Inman (former NSA head; director SAIC; Bohemian Grove; CFR; Trilateral Commission), David Gergen (Bohemian Grove; CFR; Trilateral Commission), and Frank A. Weil (governor Atlantic Institute; CFR). The American Assembly is sponsored by the Carnegie Corporation.

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