Timothy Geithner and the Group of Thirty

Article excerpt

Treasury Secretary Timothy Geithner's biography as it appeared on the website of the Federal Reserve Bank of New York (his former employer) mentions a curious affiliation of Geithner. No, not his admitted membership in the world-government-promoting Council on Foreign Relations, but a far more exclusive club--the so-called Group of Thirty. This organization, while not clandestine, is not well known outside of high-level financial circles.

It consists of 30 ultra-elite international financiers, who control--or whose friends control--the monetary policy for most of the world's governments. The connections with the secretary of the treasury warrant a closer look at this internationlist organization and its possible effects on an already reeling American economy.

The actual name of the Group of Thirty organization is "Consultive Group on International Economic and Monetary Affairs, Inc." It sponsors conferences and publishes papers on seemingly arcane monetary policy issues. Monetary policy is defined as "actions that are designed to influence the availability and cost of money." That is in contrast to fiscal policy, which has to do with government spending and taxing.

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The Group of Thirty was started in 1978 by Geoffrey L. Bell, who has been affiliated with the U.S. Federal Reserve in a number of capacities, as well as with Her Majesty's Treasury, and has a consultancy that advises central bankers and major corporations. …