Bullet points summarized by The Daily Bell<br /><br />• The Exchange Stabilization Fund (ESF) was created (without oversight) by Congress in the 1930s to ensure support of the Dollar. It has done a lousy job of what it was supposed to do, as the Dollar has lost almost all its value.<br /><br />• The ESF was put in the hands of the head of the US Treasury and the US Treasurer has absolute power to do what he wants with the fund.<br /><br />• As a result, the ESF has acted as a giant slush fund that has funded the growth of the American Empire over the past century against the will of both Congress and many bankers in private industry.<br /><br />View the entire article here :- http://tommypetersbicycles.blogspot.com/2011/12/exchange-stabilization-fund-explained.html<br /><br />View the original article on The Daily Bell here :- http://thedailybell.com/3343/Fearfully-the-US-Treasurys-Secret-100-Year-Old-Fund-and-Its-Dark-History-Has-Been-Exposed-<br /><br />Tommy Peters