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Old March 20th, 2013 #101
littlefieldjohn
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jewsign Bernanke States Cyprus Style Depositor "Haircuts" Possible in U.S. if Events in Europe Become Contagious

Quote:
At this afternoon’s FOMC Press Conference in response to a question posed as to whether the Fed would ever impose depositor 'haircuts",

as was attempted this week in Cyprus,

Fed Chairman Ben Bernanke confirmed that Cyprus style depositor "haircut" wealth confiscation is possible here in the U.S. if the Cyprus event or another event in Europe were to become contagious and the people lose confidence in the U.S. dollar.

http://www.silverdoctors.com/bernank...me-contagious/


 
Old June 21st, 2013 #102
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Default Fed Official Rips Ben Bernanke's Bond-Buying Announcement

Quote:
WASHINGTON — A Federal Reserve voting member says the Fed's decision to announce details about when it would trim its bond-buying program was "inappropriately timed."

St. Louis Federal Reserve Bank President James Bullard says the Fed should have waited for more "tangible signs" that the economy was strengthening and inflation was closer to the Fed's 2 percent target.

Chairman Ben Bernanke said Wednesday after a two-day policy meeting that the Fed would likely slow its $85 billion-a-month program later this year and end it next year if the economy continued to strengthen. The purchases have helped keep long-term interest rates at record lows.

At the meeting, Bernanke was authorized to make that announcement. Bullard objected to the decision, according to an explanation of his vote posted Friday on the regional bank's website.

http://research.stlouisfed.org/econ/bullard/index.html
http://www.huffingtonpost.com/2013/0...n_3479040.html
 
Old June 26th, 2013 #103
Rick Ronsavelle
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Default classic lecture from 1971

 
Old September 7th, 2013 #104
littlefieldjohn
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Default Greg Palast:" Potential Fed Chair Summers at Heart of Global Economic Crisis "

Quote:
OK people, finally something ALL americans can sink their teeth into and understand once and for all that "The Banking Conspiracy" has moved from just being another speculative conspiracy to being reality. The thing that should unite all of us whether Democrat, Republican/TeaParty, Libertarian or other political preference is that there is now proof that there was indeed collusion at the highest levels of US banking and government to deregulate the entire world banking system in order to decriminalize what they had planned, because at the time they planned it, it was illegal.

Demand your congressman/congresswoman turn down Larry Summers nomination for the Fed. Res. Chair because he is definitely not to be trusted ! Heads should roll over this !

Quote:
.......The memo in particular, what Summers was engineering--remember, Summers, Rubin, Geithner were the key players in eliminating financial regulation of the banking industry. They eliminated the distinction between gambling houses in the investment banks and our piggy bank banks, the commercial banks. And as you know, that led to financial implosion in the United States and worldwide.

How did it end up bringing down the world financial system just 'cause we had a problem with the United States? The answer goes back to this memo. It was an idea in which they said, look, we can't deregulate into the United States alone; we have to deregulate across the planet. Otherwise, money will shift out of the United States into safer money harbors. So the way to change end that would be to eliminate banking regulations in every nation of the world, 156 nations in one shot.

And it was quite brilliant, the scheme, which was--and it succeeded, that is, in an awful way. We have a world financial collapse, but their plan to succeeded, the end game succeeded, which is to require any nation that wants to do trade with the United States in goods to accept our bads. If you want to sell us--if Ecuador wants to sell America bananas--and this is a real example--if Ecuador wants to sell us bananas, they have to accept in return derivatives, subprime mortgages. They have to accept synthetic collateralized debt obligations. So they're being paid for their real assets with toxic assets.

And every nation but one signed on. A hundred and fifty-five nations agreed to a kind of form of blackmail, which is that you want to sell cars to the U.S., you want to sell, you know, orange juice to the U.S., you're going to have to go along with deregulating your banking system, accepting our derivatives junk, our junk bonds and our junk derivatives, and opening up your sectors to Goldman Sachs and JPMorgan, so that Morgan, Citibank, and others are allowed to operate internationally. The effects, of course, have been disastrous.

And what's important about this document, again, is not just that it tells you how the world fell to its knees and the inside process and the kind of icky revelation that, you know, as a lot of people suspected, that the bankers and the Treasury Department actually secretly put this whole business together. What's particularly relevant this week is that Larry Summers, the center of this scheme of this end game, is Obama's prime choice to be head of the Federal Reserve Board. So I thought that this was the time to get the document out.

Noor: And so you can confirmed the authenticity of the memo with Pascal Lamy, the secretary-general of the World Trade Organization. What was his reaction? Can you share his reaction to the memo? And did he disclose anything to you that wasn't previously known or published?

Palast: Well, I actually spoke to--I traveled all over the world to confirm this. I went to Geneva, Switzerland, and I--you know, 'cause of my position as--I'm pretty well known internationally as a reporter, so I was able to speak with the director-general of the World Trade Organization himself, Pascal Lamy. He's French. He said, oh, the WTO--'cause all this was done through the auspices of trade--the WTO is not some cabal of evil bankers meeting in a room secretly filled with cigar smoke, etc. And then I showed him the memos. So that was--yes, there was no cigar smoke, but there were secret meetings of bankers.

And his reaction was, listen, if the United States--in his wonderful French accent--if the United States doesn't have a real democracy, then you're going to have to file a complaint with the human rights court down the street in Geneva. That's none of his business. It's not his job to make America a democracy if we're being run by bankers, which is pretty awful way of putting it.

I then went and I also spoke with a member of the cabinet at the time. Remember, these are cabinet members, Rubin and Geithner and Summers. Another member of Clinton's cabinet when this was occurring was Joe Stiglitz, who later won the Nobel Prize in economics. He was head of the Council of economic advisers. And Stiglitz has never given me, by the way, inside documents, but he does tend to confirm the documents I show him, just to make sure I know what I'm talking about. And he said something shocking to me. He said that when he was in cabinet meetings, Summers would turn to Rubin and say--and they're in the White House in front of the president. The president would ask them some for policy recommendations, and Summers would say to Rubin, well, what would Goldman think of this? In other words, what would Goldman Sachs think? And he did it several times, until Stiglitz finally said, don't you think it's inappropriate to be asking what Goldman Sachs would think of our policies? Isn't it--it's what happens to the American people, not what happens to Goldman Sachs. And they looked at him like he was a complete naive schmuck. You know? And so he was eventually disinvited from Clinton's cabinet, and Summers was promoted to full secretary of the Treasury.

Now, one of the problems here: it's more than bad that there are secret discussions between our policy chiefs and the banks determining what the policy should be. It had a terrible effect on the world economy. It decriminalized behavior by these banks. It used to be a crime for these bags to be shifting money across borders. It used to be a crime for them to sell products that weren't products, like financial derivatives. The problem is that once these activities were decriminalized--we call it deregulating. It's really decriminalizing previously criminal activity. Once we decriminalized the banking system, we ended up with situations, for example, where Goldman Sachs cut a secret deal for currency default swaps with the government of Greece. When that was uncovered, the Greek economy imploded. So these things have serious consequences.






http://truth-out.org/news/item/18555...MTaa8.facebook

Lawrence H. Summers speaks during a session at the Annual Meeting 2011 of the World Economic Forum in Davos, Switzerland, January 29, 2011. (Photo: Sebastian Derungs / World Economic Forum

 
Old October 12th, 2013 #105
Karl LaForce
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Lefty KPFA San Francisco is having shows against the Fed.
http://www.kpfa.org/archive/show/34
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Old November 29th, 2013 #106
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In relation to, when August's jobs report revealed a drop in job creation, the Federal Reserve announced it would consider renewed efforts at economic stimulation. Thursday, the plans for that effort were made known.
 
Old December 15th, 2013 #107
littlefieldjohn
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jewsign Former "Hawkish" Bank Of Israel Head Rumored To Be Next Fed Vice Chairman

Quote:
Tyler Durden 12/11/13


While Bernanke may be about to leave; none other than his mentor and thesis adviser - former Bank of Israel chief Stanley Fischer is rumored to be in line for a new role:

FISCHER STEPPED DOWN AS BANK OF ISRAEL GOVERNOR IN JUNE
FISCHER LEADING CANDIDATE TO BE DEPUTY FED CHIEF: ISRAEL CH. 2
DJ WHITE HOUSE NEAR NOMINATING STANLEY FISCHER TO FED VICE CHAIR
And so the circle of life is complete. So far, the White House has declined to comment, but we note Fischer has a reputation for beng more hawkish than most - evidenced by his refusal to engage in the kind of dovish activity the rest of the world did while in charge in Israel and is especially downbeat on forward guidance.

Via WSJ blog,
Mr. Fischer said making such statements – known as forward guidance – can cause market confusion. “You can’t expect the Fed to spell out what it’s going to do,” Mr. Fischer said. “Why? Because it doesn’t know.”

He added: “We don’t know what we’ll be doing a year from now. It’s a mistake to try and get too precise.” Mr. Fischer said he tried, on becoming governor of the Bank of Israel in 2005, to give signals to the market – but quickly gave up as he realized it restricted the bank’s future actions when circumstances changed.

“If you give too much forward guidance you do take away flexibility,” said Mr. Fischer. Part of the problem around giving indications of future actions is they are conditional and nuanced.
Also of note: Fischer was once upon a time considered the "dark horse" candidate to replace Bernanke:

Dark-horse candidates include Stanley Fischer, an American citizen who recently stepped down as governor of the Bank of Israel, and Roger Ferguson, another former Fed vice chairman and now chief executive of TIAA-CREF, a not-for-profit financial-services company.
For now the market seems oblivious that the #2 person at the Fed may be far more hawkish than Larry Summers ever would be.
http://www.zerohedge.com/news/2013-1...y-chairman-fed
 
Old January 15th, 2014 #108
littlefieldjohn
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Default CFR Sweep at Fed: Obama Names Fischer, Brainard, Powell to Join Yellen



Quote:
The rumors have been confirmed; President Obama’s plan to name Stanley Fischer as vice chairman of the Federal Reserve was made official on January 10. At the same time he announced Fischer’s appointment, the president also named Lael Brainard and Jerome Powell to positions as governors on the seven-member Federal Reserve Board. Fed Chairman Janet Yellen and Vice Chairman Fischer also serve as governors.

Unremarked in any of the media coverage of the appointments is the significant fact that all four of these Obama nominations to one of the most powerful institutions on the planet are not only members, but high-level operatives, of the Council on Foreign Relations (CFR), the premier U.S. "think tank" promoting world government for the past century.
http://thenewamerican.com/economy/it...to-join-yellen
 
Old January 15th, 2014 #109
littlefieldjohn
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jewsign Stanley Fischer: A Dual U.S.-Israeli Citizen and Pro-Israel Activist as Vice Chairman of the Federal Reserve

AIPAC's Fed Candidate Stanley Fischer on a Warpath against Iran
Dual-citizen nominee's lifetime benefit to Israel comes at a heavy cost to America





Quote:
The rushed campaign to insert Stanley Fischer straight from his position leading Israel's central bank into the number two spot at the Federal Reserve has allowed little time for research into the appointee's career or for informed public debate about his record. Like the failed recent Obama administration-Israel lobby pincer move to ram approval for U.S. military strikes on Syria through Congress, avoiding such due diligence through velocity may actually be the only means for successful Senate confirmation.

Some of Fischer's accomplishments—from co-authoring a seminal textbook on macroeconomics to handling economic crisis at the IMF have—not surprisingly—been recalled by his many supporters. Other doings that shed light on Fischer's controversial attributes—such as overhauling how U.S. aid and trade packages are delivered to Israel—have been mostly ignored. Appointing an openly dual Israeli-American citizen into the most important central bank in the world could be a watershed moment. While the doors of federal government have long swung open for Israel-lobby appointees focusing most—if not all—their energies on advancing the interests of a foreign state, any who were actually Israeli dual citizens have traditionally kept that a closely-guarded secret. Fischer's long-term boosters, including the American Israel Public Affairs Committee (AIPAC), likely want to accustom Americans to openly dual citizens circulating between top roles in the U.S. and Israeli governments. A closer examination of Fischer reveals that average Americans have good reason to oppose his appointment, because his lifelong achievements for Israel have imposed high costs and few benefits to the United States while making peace more difficult to achieve.
Israelis into the Fed and then where?

Quote:
The last time Fischer's name was floated to lead a major organization was during a rushed Bush administration attempt at damage control. In 2007, the controversial architect of the Iraq invasion and later World Bank President Paul Wolfowitz was engulfed in an ethics scandal over his pay and promotion package for Shaha Ali Riza.

In two short years leading the institution, Wolfowitz catalyzed the alienation of most divisions within the bank and the distrust of economics ministries around the world. Fischer, along with Robert Zoellick and Robert Kimmitt and a handful of others, was considered as an emergency replacement while the administration and stakeholders strategized on how to ease Wolfowitz out with a minimum of scandal.[x] In the end, Fischer stayed put in Israel.It came as a surprise to many when The Wall Street Journal and Israel's Channel 2 news simultaneously reported in early December 2013 that the White House was "close to nominating" Fischer to be appointee Janet Yellen's second-in-command at the U.S. central bank.
http://www.irmep.org/fischer_aipac.h...d4a1-309259942
 
Old February 15th, 2014 #110
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[from college paper]
Quote:
The Role of Central Banks

What are the two basic functions of central banks?

1. Protect us from systemic risk

"Systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system." -- Wikipedia

2. Keep inflation in check
They are teaching people things that not only aren't true, they're the opposite of the truth.

Where does inflation come from? The central bank. It prints money. Then it turns around and tells/teaches people it's "keeping inflation in check." That is the definition of chutzpah. Yet not one student in a million, unless he has come across the liberatarians (most likely) will realize he's being scammed.

Systemic risk is what the central bank CREATES. Again - what chutzpah. Did you want to bail out the high-dollar speculating kikes of Goldman Sachs? Hell, no. Did you? Yes. Did you have a choice? No. This horseshit masquerading as "college education" at one of the rountinely judged top ten public school liberal arts universities is embarassing and destructive.

If ten men are standing on a river, and one of them is going to fall in, is it safer if they're all tied together at the wrists?

That is analogous to what they're claiming about the central bank. They're making EVERYBODY pay, systemically, for the failures of any particular bank. Oh, and for the failed speculations of the very largest and richest banks.

In the name of security, they take away your freedom and your money. All you get is bullshit filtered through college-based charlatans called professors.

Allow currency competition. Allow banking competition. Let the investor beware. Don't force the competent, cautious investor to bail out the billionaire jew speculators, or the yahoo Texas Savings & Loan baptists.
 
Old March 24th, 2014 #111
Alex Linder
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latest from david stockman, very good on keynesianism and the fed

http://www.lewrockwell.com/2014/03/d...-enrich-the-1/

Dallas Fed President Richard Fisher has been a thoughtful dissenter all along on the lunacy of QE and the Fed’s massive bond buying spree. But now he has left nothing to the imagination, admitting that Bernanke’s objective all along was to aggressively levitate the price of financial assets and thereby confer massive windfall gains on the wealthy who own most of them. And all this was done in pursuit of some whacked-out, latter-day Keynesian version of “trickle down” economics, which, according to Bubbles Ben, was for the good of the average American—even if they didn’t appreciate it, comprehend it, demand it, or vote for it.

And that’s the heart of the problem. The average American does not need a monetary politburo comprised of 19 more or less self-selected dictators to decide what’s best for them economically. Once upon a time we had a far better decision mechanism called the free market and a wonderful financial market governor called the price of money and debt, aka market-based interest rates. Under that regime, savers got an honest reward for deferring current consumption and spending; borrowers faced the true economic cost of debt to finance their projects; speculators faced the risk of sudden, sharp changes in the cost of carry when markets got frothy; and investors discovered in the market a valid “cap rate” against which to figure the return on their investments.

At the end of the day, markets cleared. When society’s pool of economic savings out of current income, as opposed to fiat credit created by the central bank, was insufficient to meet demand for borrowed funds, interest rates rose to induce more savings. At the same time, when investment booms and demand for borrowed funds by speculators got too frisky, interest rates peaked—and even soared into high double digits in the Wall Street call money market, which was the epicenter of capitalist speculation—and thereby rationed available savings and rolled back excess demands for borrowed funds.

Stated differently, the free market of millions of savers, borrowers, investors, intermediaries and speculators was balanced out and stabilized by the mechanism of prices. It thereby had a built-in correction against booms and bubbles—and one that showed no mercy to those who got in over their ski’s when periodic liquidations of financial excesses were rung out of the markets.

The essence of honest free markets for debt, money, equity and everything else that is traded is that there are no bailouts, no moral hazards, no central bank “puts” and safety nets under the stock market, and therefore no unearned windfalls to gamblers and speculators. By contrast, the Greenspan-Bernanke-Yellen style of Keynesian central banking is all about dishonest markets where all prices in the money, debt and related securities markets are rigged, pegged, manipulated and medicated by 12 fallible people—nowadays mostly academic PhDs— who rotate thru the FOMC.

[...]

So on the off-chance that monetary unicorns do not exist after all, and that interest rates will at some point normalize, the interest carry burden on taxpayer debt at 100 percent of GDP will soar. It’s arithmetic! And then the public sector user of the credit channel will be officially done, too. Say like Detroit.

The truth is, the 40-year Keynesian debt trick is over. The credit expansion channel of monetary transmission is exhausted and impotent. The only thing left is the “Wall Street Bubble Channel”, and that is a dangerous, destructive, inequitable and morally offensive curse on a free society. It does nothing more than provide what I have called “ZERO-COGS” or free short-term repo and similar credit for the carry trades—-a game that provides windfalls for the hedge fund invested 1% on the way-up, and devastating crashes for the slow-money and Main Street when these central bank fueled financial bubbles inexorably crash.

Last edited by Alex Linder; March 24th, 2014 at 06:25 PM.
 
Old June 21st, 2014 #112
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Bank of Israel Governor Stanley Fischer Nominated for Number Two Spot at the Federal Reserve

Quote:
The rushed campaign to insert Stanley Fischer straight from his position leading Israel’s central bank into the number two spot at the Federal Reserve has allowed little time for research into the appointee’s career or for informed public debate about his record. Like the failed recent Obama administration-Israel lobby pincer move to ram approval for U.S. military strikes on Syria through Congress, avoiding such due diligence through velocity may actually be the only means for successful Senate confirmation.

Some of Fischer’s accomplishments—from co-authoring a seminal textbook on macroeconomics to handling economic crisis at the IMF have—not surprisingly—been recalled by his many supporters. Other doings that shed light on Fischer’s controversial attributes—such as overhauling how U.S. aid and trade packages are delivered to Israel—have been mostly ignored. Appointing an openly dual Israeli-American citizen into the most important central bank in the world could be a watershed moment. While the doors of federal government have long swung open for Israel-lobby appointees focusing most—if not all—their energies on advancing the interests of a foreign state, any who were actually Israeli dual citizens have traditionally kept that a closely-guarded secret. Fischer’s long-term boosters, including the American Israel Public Affairs Committee (AIPAC), likely want to accustom Americans to openly dual citizens circulating between top roles in the U.S. and Israeli governments. A closer examination of Fischer reveals that average Americans have good reason to oppose his appointment, because his lifelong achievements for Israel have imposed high costs and few benefits to the United States while making peace more difficult to achieve.
http://www.globalresearch.ca/bank-of...eserve/5362626


Straight Out of the Protocols: Yellen Swears Israeli Fischer as Vice-Chair of FED

Quote:
In a scene which could be straight out of the Protocols of the Learned Elders of Zion, one Jewish Supremacist, Janet Yellen, has sworn in another Jewish Supremacist, Stanley Fischer—an Israeli citizen—as a member of the Federal Reserve’s board, in anticipation of the latter’s appointment as vice chair of the Fed.
http://davidduke.com/straight-protoc...reserve-board/


Stanley Fischer will be 'disaster' for U.S. economy, analyst warns

Jesse Colombo says the bubble caused by Fischer's inflationary policies as BoI governor will soon pop - and the same is likely to happen in the U.S.

Quote:
Many Israelis take pride in the appointment of Stanley Fischer as vice chairman of the U.S. Federal Reserve last week. It's not often that one of our own, a Jew and former governor of the Bank of Israel, makes it into the heart of the U.S. financial system.

Some Americans are less sanguine, however, pointing out that Fischer's performance as central bank governor may have been a lot less impressive than it originally seemed. And one pundit, Jesse Colombo from Forbes magazine, goes as far as saying that the new vice chair of the Fed "will be a disaster for the U.S. economy."

Fischer, Colombo concedes, was highly praised for his management of Israel’s economy during and after the global financial crisis. He received A ratings from Global Finance magazine’s Central Banker Report Card in 2009, 2010, 2011 and 2012, and the Bank of Israel was ranked the world’s most efficiently functioning central bank under Fischer’s leadership in 2010.

So, it's not only Israelis who rate Fischer's talents highly. But Colombo is happy to take on the common wisdom.

Israel’s so-called economic strength, he writes in Forbes, is "the byproduct of a temporary economic bubble that Fischer helped to inflate rather than the result of sound and sustainable monetary policies."

Fischer, Colombo says, belongs to the New Keynesian school of economics, which he describes as being "notorious for using incredibly stimulative monetary policies (also known as 'money printing') to create artificial economic growth, while virtually ignoring the existence of obvious economic bubbles and the risks of monetary policy-induced inflation."

A prime example of such artificial economic growth, he writes, was the growth of Israel's M1 money supply by "an astounding 250 percent" during Fischer's tenure. That growth, he says, caused consumer prices to increase by approximately 25 percent according to the official CPI, though he cautions that "government statistics agencies are known for developing inflation indexes that understate the true rate of inflation for the purpose of justifying inflationary monetary policies and preventing public outrage."

The result, Colombo says, was the housing bubble, that began to inflate under Stanley Fischer’s watch and is still going strong. Israel’s property prices have soared by 80 percent since 2007 and 67 percent since 2009. "Israel experienced the largest property price increase of all OECD nations during Stanley Fischer’s time as Bank of Israel governor."

In fast-rising money supply environments like Israel’s, Colombo writes, "growing asset bubbles (including property bubbles) often act as a 'relief valve' for inflationary pressures. While these asset bubbles help to disguise the effects of inflation on the economy for a time, they set the stage for economic crises when they inevitably pop."

Not only is Israel's housing market more overvalued and less affordable than ever before, but the housing bubble has been fueled by a 78 percent increase in outstanding mortgage debt from the end of 2007 to the end of 2012 – and up to 90 percent of mortgage loans made in recent years have adjustable interest rates, "which is the same mistake that was made during the U.S. housing bubble."

When Israel's mortgage interest rates rise from their current low levels, the many borrowers who used adjustable rate mortgages to purchase property will be significantly harmed.

Israel’s economy, Colombo concludes, "is experiencing an inflationary 'bubble boom' that is typical of rising money supply environments. The fact that rapid increases of the money supply lead to inflation and bubbles is obvious to nearly everyone but heavily indoctrinated Keynesian and neoclassical economists like Stanley Fischer, who are greatly overrepresented on the boards of central banks."

In Colombo's view, "the accolades that the international economics community has heaped on Stanley Fischer are the result of a temporary bubble-driven economic boom that will end in a crisis when it finally pops."

In his new role as vice chairman of the Federal Reserve, Stanley Fischer will "undoubtedly encourage policies that further inflate the U.S. bubble-driven economic recovery, or what I call the 'Bubblecovery.'

"Due to the Fed’s monetary policies since the financial crisis, new bubbles are ballooning throughout the U.S. economy… These post-2009 economic bubbles are helping to create the illusion of economic growth and activity, but will end in another crisis when they pop. Considering Fischer’s beliefs, he will be right at home at the Fed."
http://www.haaretz.com/business/1.599439
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Old December 8th, 2014 #113
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When Goldman Writes The New York Fed's Press Releases, Then All Is Lost

Submitted by Tyler Durden on 12/06/2014 20:31 -0500

Much has been said about Goldman's control over the most important Federal Reserve of all, that of New York, where the all important Markets Group is located, which does as the name implies, "influences" markets (those who may have missed it are encouraged to read "Goldman "Whistleblower" Sues NY Fed For Wrongful Termination", "How Goldman Controls The New York Fed: 47.5 Hours Of "The Secret Goldman Sachs Tapes" Explain", "A Quick Look At Goldman's Takeover Of The US Judicial System: NY Fed Edition", and of course "I Am Putting Everything In Goldman Sachs Because These Guys Can Do Whatever The Hell They Want."

And while it is very clear by now that nothing will change under the current corrupt and compromised executive, legislative and judicial system, because at the end of the day, Goldman has indirect control over all three branches of government , here is the one anecdote which, in a non banana republic, would be the straw that finally broke the camel's back.

From the FT:

Quote:
As the financial crisis raged in September 2008, Goldman Sachs and Morgan Stanley sought sanctuary from the Federal Reserve.

The last two big independent broker-dealers were allowed to become bank holding companies, giving them access to government liquidity that could keep them afloat.

Goldman drafted its own statement, quoting Lloyd Blankfein, chief executive, as saying: “We believe that Goldman Sachs, under Federal Reserve supervision, will be regarded as an even more secure institution.”

According to people familiar with the matter, Goldman then drafted another release and sent it to the New York Fed. This one was to be used as the central bank’s own statement.
And while the FT is kind enough to digest that piece of shocking information for the rest of the "stupid voters", the bottom line is simple: the Federal Reserve of Goldman Sachs (in New York and everywhere else), is the bank that not only calls all the shots and makes the rules, but it also writes the words on the Fed's teleprompter (as for Obama's, not even Goldman would bother with that) garbage, Goldman Sachs financed his presidential campaigns.
 
Old April 27th, 2015 #114
littlefieldjohn
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Default Jew run federal reserve to continue usury scam by keeping interest rates at near zero

Quote:
Published On 04/27/2015 | By L

The Jew run Federal Reserve which is nothing more than an instrument to financially plunder the American people, is going to continue keeping interest rates at near zero levels.

It is hard to believe, but the Fed has kept interest rates at these insane levels for over 6 years now.

They can’t raise rates otherwise they’d destroy the economy and potentially their ability to manipulate it. Therefore, all they can do is continue keeping interest rates at these levels to keep their ridiculous usury scam going as long as they can.

At some point, the entire system will collapse on itself. History has proven this to be the case over and over again.



From AP:
http://finance.yahoo.com/news/econom...153058237.html
For 6½ years, the Federal Reserve has held its key interest rate near zero, and for nearly that long the financial world has speculated about when the Fed will start raising it.
Don’t look for it soon.
That’s the view of most economists, who say a still-subpar economy and still-low inflation will keep rates at record lows at least until September.
On Wednesday, the Fed could clarify its plans after ending its latest policy meeting. Analysts caution, though, against expecting any specific guidance on the Fed’s timetable for a rate hike. Too many uncertainties still surround the U.S. economy. The Fed’s policymakers may want to leave themselves maneuvering room until their view of the economy’s health becomes clearer.
http://www.dailyslave.com/jew-run-fe...-at-near-zero/
 
Old June 7th, 2015 #115
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jewsign Top federal reserve jewess janet yellen refusing to share documents with house committee

Quote:





Top Federal Reserve Jewess Janet Yellen is refusing to hand over documents ordered by a House committee that is investigating a possible leak of information that may have been used to manipulate financial markets.

Even though the Jewess won’t provide the information requested she is insisting that they won’t impede the criminal investigation underway. Well, if that’s the case why doesn’t she just hand over the documents? By not handing over the documents requested that is by definition impeding the criminal investigation.

It appears to be natural for Jews to engage in this type of ridiculous double speak.

The bottom line is that the Federal Reserve is a secretive financial operation run by Jews that implements usury for the purpose of economically enslaving the American people and the country as a whole. Everybody involved with this operation should be tried for treason and executed.

From AP:
Federal Reserve Chair Janet Yellen is balking at turning over some of the documents ordered by a key House lawmaker in his investigation of a possible leak of market-sensitive information.

Yellen has told Rep. Jeb Hensarling, R-Texas, who heads the House Financial Services Committee, that she can’t provide some documents sought by his subpoena because doing so could jeopardize a criminal investigation by the Justice Department and the Fed’s watchdog inspector general. Yellen said the inspector general has told the Fed that the documents in question – which include records related to an earlier internal review by the Fed’s general counsel – should not be provided.


“The Federal Reserve is mindful that we must not impede that open criminal investigation,” Yellen wrote in a letter to Hensarling Thursday.
The move escalated a months-long battle between the Fed chair and the lawmaker over an alleged leak in 2012 of interest-rate information to a financial newsletter.
http://www.dailyslave.com/top-federa...use-committee/
 
Old August 21st, 2015 #116
littlefieldjohn
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The number of Jews involved with the Federal Reserve is ridiculous. The Federal Reserve is currently chaired by the Jewess Janet Yellen and vice-chaired by the Israeli Jew Stanley Fischer.

Now they have added another Jew to the ranks with the appointment of the Jew Robert Steven Kaplan to the position of Dallas Federal Reserve President. Not only is he a Jew but he is a Jew from Goldman Sachs the notoriously evil Jew run financial institution.

http://freebeacon.com/issues/clinton...erve-official/
A donor to the Clinton Foundation and Democratic National Committee (DNC) has been appointed as the chief executive officerof the Federal Reserve Bank of Dallas and member of the Federal Open Market Committee (FOMC).

Robert Steven Kaplan, a Harvard Business School professor and former executive at Goldman Sachs, has also donated more than $100,000 to
Democratic candidates and campaigns, according to a Washington Free Beacon analysis.

Kaplan has donated $147,450 to Democratic candidates and campaigns, including $45,600 to the DNC, as well as $15,450 to Republican candidates and campaigns.



Kaplan has also donated between $25,000 and $50,000 to the Bill, Hillary and Chelsea Clinton Foundation.


================

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Larry Flintoff • a day ago
"Catholics run the Fed. Okay! I have the documents right here!" Alex Jones 2015.
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Herr Wolf • a day ago
The Wall St Journal reporter/mouthpiece for the Fed Reserve, the jew John Hilsenrat, just wrote a column saying that anyone pointing out that the jews run the Federal Reserve (which they do) is -you guessed it- an anti-semite. There needs to be some solace taken in the fact that if these jew rats weren't feeling the heat they wouldn't feel the need to be do defensive.
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spahnranch69 . Herr Wolf • 14 hours ago
Did that kike John Heeb-scum-rat bother to explain why there are so many "anti-semites" in the world?
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Rommel Revival • a day ago
He's no JR Ewing......I'm sure he's already JR Jewing.
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Primarius Krone • 21 hours ago
Of course, according to Jones, he's just really really smart and got there by merit alone. I'm sure that everyone else up the top of the banking system being Jewish had nothing to do with it, and that ethnic networking is natural (as long as it's kosher.)
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http://www.dailyslave.com/goldman-sa...deral-reserve/
 
Old December 2nd, 2016 #118
isaac schultz
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Default the griffin from Jekyll island

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Originally Posted by Robbie Key View Post
Gee Griffin is NOT a researcher; he is merely a conman who saw an opportunity for easy money, without work, study, research. He and his tagteam buddy B.S. sat down at the same table and each wote a book with defferent flavour.

The only reason Gee Ed ever heard of Jekyll island is because he plagiarized Eustace Mullins book, published in 1958. The story of Jekyll island was given to us by Mr. Forbes, first as an article, then as a chapter in his book. No conspiracist book-peddler ever told their ignorant victims to simply read Forbes' book and don't waste their money on garbage compiled by charlatans.

If the narrator of the video had bothered to read the story of the FedResAct --available to anyone for the willingness to read the Record-- he would have known that it did not originate in 1910, it was nothing spectacularly special, it was merely the organizational adjustment of the National currency Bank System, givent to ye by Abraham Lincoln in 1863. The FedResAct required the National currency banks to join, or to forfeit their charter.

The debate on Jekyll island, and during the years of agitation, was between two banking groups, and that is what had to be ironed out; and not how to impose on the people a currency-issuing central bank.

The narrator doesn't seem to know the difference between money and credit notes issued by banks, or a treasury note promising to pay.

The narrator does not know that the Bank of North America did not go into operation until after the end of war.

The narrator does not know that Jefferson did not write this until 1813 (two years after the demise of the first bank):
"It is, at the same time, a salutary curb on the spirit of war and indebtment, which, since the modern theory of the perpetuation of debt, has drenched the earth with blood, and crushed its inhabitants under burthens ever accumulating."
and the narrator mis-quotes: it is NOT indictment, it is indebtment (he should have red what Jeffereson wrote, not what some bookpeddler regurgitated)

The narrator does not know that not all of the 5000 shares were sold; 2,220 shares were sold in 1803, while Jefferson was President.

The narrator does not know that the Bank of US was rechartered as State bank and continued its existence for 5 more years.
The narrator does not know that in 1841 two charters for a bank of US was passed but were vetoed by President Tyler.
The narrator does not know that the National currency Bank System established in 1863 was just as much as a central bank as the Bank of US, or the Federal Reserve System which it morphed into 50 years later.

The narrator does not know that Thaddeus Stevens (future grand old commoner, and hero of conspiracy books) was instrumental in the rechartering the Bank of US as State bank. Stevens had been a paid attorney of Nicholas Biddle since 1824.
Young and nameless Abraham Lincoln was warm friend of the Bank of the US, hearty supporter of the central bank concept, fervent opponent of the Independent Treasury plan.

The narrator also does not know ---the bookpeddlers never told him--- that during Andrew Jackson's Presidency the account of the United States was transferred from Baring and brothers to the House of NMR. The portrair of Jackson handgs in to London office of NMR, to this day; letters of praise from NMR to their American agents were published in1836.

who were the financial advisors of Abraham Lincoln ?
http://name789.wordpress.com/
 
Old July 14th, 2017 #119
littlefieldjohn
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12/Jul2017

The guy who photobombed Janet Yellen with a “Buy Bitcoin” sign has received nearly $16,000 in donations


A mysterious man photobombed US Federal Reserve chair Janet Yellen earlier this week, surreptitiously holding up a legal pad that read “Buy Bitcoin” from his seat a few rows behind the central bank chief as she testified to Congress.


Bitcoin Sign Guy is a fitting hero for bitcoiners: He hijacked the spotlight from the world’s most powerful central banker to promote a stateless cryptocurrency, and quickly turned a tidy profit for his audacity.
https://qz.com/1029389/bitcoin-sign-...ons-from-fans/
 
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