The Exchange Stabilization Fund (ESF) – Do We know About It?

Is this real or is it tinfoil hat stuff?

This is from Zero Hedge:

Presenting The Exchange Stabilization Fund In 5 Parts: Is This The Real “Plunge Protection Team”?

After months of work, the video series on the Treasury’s Exchange Stabilization Fund is finally finished!

Why you should watch these five videos:

It is impossible to understand the world today without knowing what the ESF is and what it has been doing. Officially in charge of defending the dollar, the ESF is the government agency which controls the New York Fed, runs the CIA’s black budget, and is the architect of the world’s monetary system.”

First video:

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One Response to The Exchange Stabilization Fund (ESF) – Do We know About It?

  1. Locke n Load says:

    Jim, I can’t even begin to answer 9 minutes of misinformation like that in this format without boring the hell out of people or chasing away all of our audience. That video was about 40% fact and 60% innuendo.

    Yeas, the ESF exists and yes, they are powerful. However, conflating their power with the truly awesome power of the Fed is misleading at least. They are part of the central banking control that 99.9999% of the country doesn’t understand. They are one part of at least a 3 part power sharing/ adversarial banking consortium the USG does its best to influence. The ESF is NOT more powerful than the Fed, but they have unique influence. At least from what I learned in my days watching the Bonds..

    I’m afraid this is one of those things we’ll need to have a few beers over as we discuss it. I’m not prepared to explain their operations or justify them here. It would just take too damned long.

    I will say this. The Fed isn’t the sole operating authority on policy. Neither is Geitner. The ESF certainly doesn’t pull all the strings but they are answerable to the USG. Ultimately the entire apparatus acts as a committee of sorts and speaks FOR the USG even as Fed gov or POTUS walks the plank.

    Next time we meet i’ll do my best to explain it all.