Why the Federal Reserve Building changed it's NAME to the Eccles Building in 1982

 Beckoning Frontiers: 

Public and Personal Recollections 

(Hardcover ) – January 1, 1951 by Marriner S. Eccles

 

Spend the extra cash for 1st edition book..., for reasons you should already know

On October 15, 1982, by an Act of Congress the Federal Reserve Building was renamed Eccles Building for Marriner S. Eccles durning the U.S. Puppet-i-dent Ronald Reagan's watch.

Marriner Stoddard Eccles (September 9, 1890 – December 18, 1977) was an American banker, economist, and member and chairman of the Federal Reserve Board. Eccles retired to Utah in 1951 to run his companies and write his memoirs, titled Beckoning Frontiers: Public and Personal Recollections. He further consolidated industrial and family assets, finally organizing a series of foundations representing assets that he had managed for various family members. These foundations have served Utah and the Intermountain West in support of educational, artistic, humanitarian, and scientific activities. He died in Salt Lake City, Utah in 1977 and was entombed in the Larkin Sunset Lawn Mausoleum.

Eccles was known during his lifetime chiefly as having been the Chairman of the Federal Reserve under President Franklin D. Roosevelt. He has been remembered for having anticipated and supporting the theories of John Maynard Keynes relative to "inadequate aggregate spending" in the economy which appeared during his tenure. As Eccles wrote in his memoir Beckoning Frontiers (1951):

As mass production has to be accompanied by mass consumption, mass consumption, in turn, implies a distribution of wealth ... to provide men with buying power. ... Instead of achieving that kind of distribution, a giant suction pump had by 1929-30 drawn into a few hands an increasing portion of currently produced wealth. ... The other fellows could stay in the game only by borrowing. When their credit ran out, the game stopped.

Marriner S. Eccles..., Rest in Peace You Masonic Criminal Shitbag!

 1982 is NOT to be confused by the 1971 Nixon Shock that SOLD the wealth of the WORLD.

NOTE: 1982 is the SAME YEAR that British Empire had VP George H.W. Bush REMOVE all COPPER from U.S. pennies and coinage. In mid-1982, the coin's composition was changed again, this time to copper-plated zinc. The last mostly-copper cents (95% copper metal composition) were produced by the Denver Mint on October 22, 1982. The copper-plated zinc cent coins are still being produced today.