This page has been archived and commenting is disabled.

Obama To Nominate Former Bank Of Israel Head As Fed Vice Chairman Today

Tyler Durden's picture


President Obama has just nominated Lael Brainard as a Fed Governor, Jerome Powell to his second term and most notably, Stanley Fischer (ex Head of the Bank of Israel) as Vice-Chairman of the Fed. "These three distinguished individuals have the proven experience, judgment and deep knowledge of the financial system to serve at the Federal Reserve during this important time for our economy,” Obama said in statement. Bear in mind that Fischer is skeptical of forward-guidance (as we note below) which is soon to become the Fed's main weapon to jawbone markets.

  • Stanley Fischer's term as governor runs through 2020 (vice chair through 2018), Brainard's term through 2026 and Powell's through 2028!

Tenure anyone? We are sure they will still do a great job...


As we noted previously, Fischer brings some interesting views:

Q. How does Fischer broadly think about the economy?

Fischer is a highly respected academic macroeconomist. He is credited with helping to lay the foundations of New Keynesian macroeconomics, which sought to place traditional Keynesian theory on a stronger microeconomic foundation. Subscribing to this school of thought, we believe that Fischer's general view of the world is similar to that of Bernanke and Yellen, with a significant role for active fiscal and (more importantly) monetary policy. In fact, Fischer was Bernanke's dissertation adviser in graduate school, and Bernanke recently referred to him as a "role model and frequent adviser." As a result, we see little daylight between Fischer and the current core FOMC leadership with respect to their basic paradigm for thinking about the economy.

Q. How would his appointment affect the dynamics on the Committee?

Fisher is widely seen as a policy heavyweight, having not only run the Bank of Israel, but also served as the chief economist at the World Bank and First Deputy Managing Director (the number two position) at the IMF. Both his academic standing and policy experience suggest that Fischer's views will be very influential on the Committee.

Q. What are the key points from his tenure as head of the Bank of Israel?

Under his tenure, the Bank of Israel aggressively cut its policy rate from 4.25% to 0.5% in the wake of the financial crisis. Starting in February of 2009, the Bank of Israel joined the Fed in undertaking purchases of longer-dated securities, indicating a willingness to adopt unorthodox monetary policy measures. The stated intention was to "extend the effectiveness of monetary policy onto longer interest rate maturities." However, later in 2009 the Bank of Israel began hiking its policy rate, in advance of all major global central banks. We do not see this as necessarily indicating a "hawkish" policy bias on the part of Fischer, but rather a reaction to the fact that economic developments in Israel were substantially different from those prevailing in the G4 economies. The Bank of Israel did not adopt explicit calendar- or outcome-based forward guidance under his leadership.

Q. What are his views on balance sheet policy?

Fischer generally holds a favorable view on the effectiveness of balance sheet policy. As noted, the Bank of Israel began a program of longer-dated securities purchases under his watch. He also stated in a November speech at the IMF that one of the key lessons from the financial crisis, in his view, was that monetary policy is not impotent once the zero lower bound on short-term interest rates has been hit. He specifically highlighted the efficacy of the Fed's QE?which he said was supported by a substantial amount of academic work?and did not explicitly mention forward guidance on the path of short-term interest rates.

Q. What does he think about forward guidance?

In contrast to his statements on QE, he has recently expressed a more skeptical view of forward guidance. Specifically, he noted in September that "if you give too much forward guidance you do take away flexibility," that "we don’t know what we’ll be doing a year from now. It’s a mistake to try and get too precise," and that "you can’t expect the Fed to spell out what it’s going to do…because it doesn’t know." These statements contrast with Yellen's strong endorsement of forward guidance. In that sense, Fischer's statements do pose at least some risk to our expectation that the FOMC will ultimately enhance its forward guidance by reducing the unemployment threshold to 6.0%. That said, such a limited number of statements are unlikely to capture all of the nuances of Fischer's thinking on the topic. One can also argue that his criticisms apply mostly to calendar-based guidance and less to outcome-based guidance, which only requires the Fed to "spell out what it's going to do" in a more conditional sense. In any case, we have little doubt that Yellen and Fischer would see eye to eye on the need to prevent a large tightening of financial conditions anytime soon, so the slightly greater uncertainty that might result from his nomination is mainly about tactics, not strategy.

Q. What is the likelihood of confirmation?

If nominated, we think Fischer would very likely be confirmed. In the unlikely event that his confirmation faced substantial opposition from Republicans, the recent change to Senate rules requiring only a simple majority to break a filibuster on confirmation votes ensures that he could be confirmed with only Democratic votes.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 01/10/2014 - 11:26 | 4319409 SaulRosenberg
SaulRosenberg's picture

Bout time they got a real Jew in there!  (snicker chortle tee-hee!) 

Fri, 01/10/2014 - 11:33 | 4319430 Kaiser Sousa
Kaiser Sousa's picture

EXACTLY... que the holocaust remebrance programs to remind us of the fact they continue to be the victums and its always a conspiracy against them.....

Fri, 01/10/2014 - 11:33 | 4319433 Divided States ...
Divided States of America's picture

I am going to amazon now to buy that hitler book.

Fri, 01/10/2014 - 11:37 | 4319451 BaBaBouy
BaBaBouy's picture

RODMAN Would Make A Better FED Vice Chair!!!

Fri, 01/10/2014 - 11:42 | 4319469 The Gooch
The Gooch's picture

His name was Francis Sawyer.

Fri, 01/10/2014 - 11:57 | 4319515 Ham-bone
Ham-bone's picture

Trend of Foreigner holdings of US Treasury debt since ’08…go check the source data and notice foreigners are maintaining (not adding, not dumping) just about record high Treasury holdings...

Jan ’08 $2.4 T foreign held US Treasury debt - new debt issued $1 T - (Fed held $400 B...purchased $0)

’09 $3 T FH's-      $1 T New Debt -      Fed bought $400 B QE1...$600 B Foreigners buying    ($0 left over after Fed/Foreigners)

’10 $3.7 T FH's -   $1.9 T ND -            Fed $0 treasuries...         $700 B in foreign buying      ($1.2 T left over)

’11 $4.4 T FH's -   $1.7 T ND -            Fed bought $0 Treasuries in QE2...$700 B in foreign buying ($1 T left over)

’12 $5.1 T FH's -    $1.3 T ND - $0....  Fed bought $800 B...        $600 B in foreign buying     ($-100 left over)

’13 $5.6 T FH's -    $1.35 T ND -         Fed bought $0...               $500 B in foreign buying     ($835 B left over)

Oct ’13 $5.65 T FH's - $700 B ND -     Fed bought $540 B in QE3...$50 B in foreign buying     ($100 B left over)

seems main reason for foreign holdings slowdown in ’13 was Treasury issued $680 B while QE was buying up $540 B (or did Fed buy b/c foreigners wouldn't?)…first qtr of '14 (oct-dec) budget is about $180 B deficit on target for about $750 B or likely closer to $800 B annual after sequester non-cuts...Fed purchased $135 B ($45 B left over...)

here’s the source data…

I'd gladly be wrong but we have to do our best to have a common understanding of where we are...

Fri, 01/10/2014 - 12:01 | 4319542 General Decline
General Decline's picture

Another Jew in a high position of power. Great.

Fri, 01/10/2014 - 12:03 | 4319558 NotApplicable
NotApplicable's picture

Friday Humor = "highly respected academic macroeconomist."

Oxymoronic on sooooo many levels.

Fri, 01/10/2014 - 12:07 | 4319584 Four chan
Four chan's picture

system of money created for freedom from tyranny=gold silver the, founding fathers

system of money created to enslave a free people to debt= worthless paper debt, jews

Fri, 01/10/2014 - 12:45 | 4319710 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

As MDBonu$ has gone AWOL, I'll try fill the void:

We are so very fortunate that such highly accredited consummate professionals, with solid Ivy League training and deep experience at the world's largest financial institutions, have been selected to act on our behalf as stewards of the financial system. Welcome gentlemen, thank you for your gracious willingness to serve, and Godspeed.  Also, I'd like to take this opportunity to express deepest thanks and well wishes to the Honorable Benjamin Bernanke - truly a fantastic job Ben, and extend a hearty welcome to the esteemed and immensely talented and capable Janet Yellen.  Those are some big wingtips to fill Janet, but you'll look great in them.

Fri, 01/10/2014 - 12:08 | 4319591 BaBaBouy
BaBaBouy's picture

Hey Ham-bone, From VOY ???

Fri, 01/10/2014 - 12:23 | 4319651 Ham-bone
Ham-bone's picture


Fri, 01/10/2014 - 12:38 | 4319716 BaBaBouy
BaBaBouy's picture

Thought you were another Hambone.

Fri, 01/10/2014 - 15:22 | 4320533 Jack Burton
Jack Burton's picture

Israeli Jew.

Fri, 01/10/2014 - 11:56 | 4319528 Stackers
Stackers's picture

Oligarchy: form of power structure in which power effectively rests with a small number of people. These people could be distinguished by royalty, wealth, family ties, education, corporate, or military control.

Fri, 01/10/2014 - 12:01 | 4319551 Pegasus Muse
Pegasus Muse's picture

Stanley Fischer -- Is he a dual US-Israeli citizen?  Does he have an Israeli passport?

If so, to whom does he owe his primary allegience to? 

The same question ought to be asked of every elected/political appointee working in the federal government.

Fri, 01/10/2014 - 12:25 | 4319644 Cacete de Ouro
Cacete de Ouro's picture

This appointment has very little to do with Fischer`s passport and a lot do to with the fact that is is a member of the Group of Thirty (G30). The G30 is a David Rockefeller construction. Rockefeller set it up through Geoffery Bell of Schroders in 1978. So Fischer has allegiance to the Rockefellers, the Council on Foreign Relations (CFR) and the Powers in the Fed banks (JP Morgan, Citi, Rothschild, Schroders, Warburgs, Goldman)



Fri, 01/10/2014 - 12:32 | 4319689 overmedicatedun...
overmedicatedundersexed's picture

cacete," This appointment has very little to do with Fischer`s passport "..but it dosn't hurt.

Fri, 01/10/2014 - 13:59 | 4320159 Sofa King Confused
Sofa King Confused's picture


Fri, 01/10/2014 - 16:30 | 4320763 Divided States ...
Divided States of America's picture

Where is resident Zionist trolls Flakemeister and VD?? They should be here cheerleading that another one of their tribal leaders got the nod for another major central bank nomination.


Fri, 01/10/2014 - 12:41 | 4319731 ArrestBobRubin
ArrestBobRubin's picture

Now we see why they hate the idea of Loyalty Oaths. They only have one and it sure ain't to you and I or the United States of America.

Fri, 01/10/2014 - 13:43 | 4320066 WarPony
WarPony's picture

Ah, but they have an escape hatch - annual "Kol Nidre" - "All [personal] vows we are likely to make, all [personal] oaths and pledges we are likely to take between this Yom Kippur and the next Yom Kippur, we publicly renounce. Let them all be relinquished and abandoned, null and void, neither firm nor established. Let our [personal] vows, pledges and oaths be considered neither vows nor pledges nor oaths."

Fri, 01/10/2014 - 14:00 | 4320171 Herd Redirectio...
Herd Redirection Committee's picture

Same thing happens at Bohemian Grove, they call it "The Cremation of Care"

Fri, 01/10/2014 - 16:06 | 4320706 vulcanraven
vulcanraven's picture

What the fuck kind of ass backwards double talk is that?

Bunch of fuckin garbage if you ask me, no Jew is held accountable to anything?

That being the case, no wonder fraud and graft is the status quo.

Fri, 01/10/2014 - 15:26 | 4320545 Jack Burton
Jack Burton's picture

ArrestBobRubin, I try always to give the jewish religion the benefit of the doubt. I don't want to attack their Israeli state or what they do in finance around the world. All I can say is, I begin more and more to agree with you. Evidence points to their playing an evil role in this world, why do they do it. Last time Europe got a chance, they killed them 'en mass. Would that not be a warning to stop their greed? Nope, they have never been so greedy as now. It is their fault, not mine. I can't apologize for them any longer.

Sat, 01/11/2014 - 17:58 | 4323472 Rafferty
Rafferty's picture

Jack, it's like peeling the layers on an onion. And the deeper you get the worse it gets.  In fact I ended up believing nothing of the official story on anything related to YKN.  And my research continues.  Truly it is a mind-blowing experience.

Fri, 01/10/2014 - 11:54 | 4319519 JackWills
JackWills's picture

You know its just like the mob, they keep taking a big piece of the printed pie (free money to wallstreet firms with yeshiva connections) and then when the place is almost run down, they set fire to the place for insurance money (that is when they massively short the dollar and T-Bills)

Fri, 01/10/2014 - 16:08 | 4320712 vulcanraven
vulcanraven's picture

AKA Jewish Lightning

Fri, 01/10/2014 - 11:36 | 4319446 Oh regional Indian
Oh regional Indian's picture

Conspiracy theories are going to become conspiracy fact so fast that general cognitive dissonance will ensue.... The veil is parting, in yer face, JPM and Made off hand in glove?

To Israel....

And now....

Dot connecting 101 eh?


Fri, 01/10/2014 - 12:00 | 4319490 i-dog
i-dog's picture

Don't jump to conclusions. As I see it, the Jesuits are setting the Jews up to take the blame [as usual] ... and how better to do that than to stack the bogeyman FED (which answers to its HIDDEN shareholders, remember) with a synagogue load of fall guys?

Let me guess how many joo-bashing posts there will be in this thread. Ummmm....

Let's stop fucking around boo-ing at the puppets and get to the REAL controllers hidden behind the curtain, eh?

Fri, 01/10/2014 - 12:02 | 4319554 NotApplicable
NotApplicable's picture

I'm of the opinion that every collective can be blamed as they are but mere tools of the individuals who hide in the shadows while providing activation energy for the divide and conquer that results.

Fri, 01/10/2014 - 12:07 | 4319586 i-dog
i-dog's picture

Which is why I'm pointing to those who are hiding in the shadows.

Fri, 01/10/2014 - 12:11 | 4319603 Colonel Klink
Colonel Klink's picture

Yeah sure, all the joos in high levels of government and the Federal Reserve are just dupes to the jesuits.  If so, then shouldn't these so called VERY SMART people see the ruse and refuse to participate in the theft and graft?


Fri, 01/10/2014 - 12:22 | 4319643 Herd Redirectio...
Herd Redirection Committee's picture

Bottom line, City of London, Wall St., Washington DC, and the Vatican all work together.  It is incorrect to think of them as seperate.

Fri, 01/10/2014 - 12:44 | 4319752 ArrestBobRubin
ArrestBobRubin's picture

You left out Tel Aviv- - was that simply an oversight?

Fri, 01/10/2014 - 13:06 | 4319874 Herd Redirectio...
Herd Redirection Committee's picture

I think they were included under City of London and Wall St.

Fri, 01/10/2014 - 13:23 | 4319959 toothpicker
toothpicker's picture

Bottom line is a great place

Fri, 01/10/2014 - 14:01 | 4320177 Herd Redirectio...
Herd Redirection Committee's picture


Fri, 01/10/2014 - 12:09 | 4319593 Oh regional Indian
Oh regional Indian's picture

To idog's point, the He Sue ists are a big part of the game.

To yours, hidden hands are called hidden hands because they are hidden hands, else they would be called found hands.


Fri, 01/10/2014 - 12:17 | 4319630 Johnny Cocknballs
Johnny Cocknballs's picture


I'll bite - do you have a shred  of evidence of this?  See, to me, the "Jesuits control the world" meme is going around from two sources:  Southern Evangelicals/Christian Zionists who just hate Catholics and want Israel to kill lots of Aye-rabs so Jesus will come back... and Jewish Zionists who want to obfuscate their easily empirically verifiable power positions.


So which flavour are you? 


p.s. You know why the South was so racist?  Because, in part, it was filled disproportionately with Protestant, Scotch-Irish and Anglo-Irish settlers for whom blind hate was part of their culture.

It also explains why they like Israel so much...their own forebears also engaged in ethnic cleansing, murder and pillage. 

Fri, 01/10/2014 - 15:22 | 4320530 janus
janus's picture

absolutely brilliant!

you explain why southerners are 'racist' by making baldly 'racist' comments....boy howdy! this 'racism' stuff -- and the 'logic' underpinning it -- sure is solid-state. 

after decades trying to dissolve the thinking of imbeciles, i believe i've come to some conclusions; one of which is that their 'thinking' is anything but.  simply reductive renderings of whatever fashionable notion they feel finds favor with other imbeciles; and if it does, the moronic tendencies are reinforced, and they then calcify themselves into sanctioned fact.

but, before you take offense, i'm not necessarily calling 'you' an imbecile...Lord knows, i'd hate to be called a 'racist' if'n you happened to be drawn from the swill of some cesspool of human detritus -- some peoples not so waspish.

look, the entire span of my near forty years has been overstuffed with obnoxious propaganda; i've been instructed -- explicitly -- that i am bad because of my skin color and the original sin first invested in me by the prowess and industry of my forefathers...i am, it would seem, the progeny of pure evil.

and my thinking is now thus: if this is so, and there's nothing i can do but endure a life of shame, recrimination, exploitation and reprisal...well, i simply won't.

one more thing: the southern affinity for israel is by design (not the function of two mendacious peoples plotting against brown-skins everywhere); it was manufactured to effect a certain outcome, and you will see, in the VERY near future, an inversion of that design...once again, by design.

at least the moslem accepts Christ as a prophet; the jews have a less favorable opinion of The Savior -- they make this abundantly clear.

so, go waddle your sorry ass back to vasser, you racist bitch.

marching on,


Fri, 01/10/2014 - 15:38 | 4320596 Johnny Cocknballs
Johnny Cocknballs's picture

Baldly racist comments?  Huh?

Are you actually a retarded person, tough guy?  Do you know what "racism" actually means?  No, it isn't "racist" to make the claim that the Scotch and Anglo Irish who came to the American South from Ulster were already culturally steeped in racism.  You might read about the Ulster Plantations. You might see a parallel with the settler-colonialism of Israelis today.

That racist/colonialist mindset preceded owning slaves, and preceded the Scoffield Bible.  Listen to Ian Paisley's speeches - he's the sort of clueless hate-filled windbag who blames "The Jesuits" for things others are obviously responsible for {which naturally doesn't include the control of the kid-fucking industry, granted}.

The culture of the Jewish settlers is racist.

This isn't a racist claim, its a claim about their culture.

The same holds for my statements, whether or not you accept them as such, you incoherent, vapid twat.


Now run along you simple cunt.  If you think like you write, I hope to fuck there's a Big Native-Indian Fella about to keep an eye on you.

Fri, 01/10/2014 - 17:00 | 4320884 janus
janus's picture

i have to leave now, but in a day or two i will return to check...

please-oh-please define racism for this vapid twit.

and i do know a thing or two about the Orange Order; i furthermore know what type of high-'culture' pervaded the habits of these noble savages.  with the possible exception of the cherokee, they were indeed filthy savages.  their culture was, in every way conceivable, loathsome (and i believe i'm being generous).

perhaps i will run into an injun...chances are he'll be a fat diabetic too drunk to articulate his hackneyed indignation...maybe i'll fuckin scalp him and tassle the hairs with orange ribbons -- and then send it to you as a 'peace' offering.

other than that, i do agree that the jewish mind is fundamentally racist (and supremacist)...the salient difference is that the jew's masturbatory vanity is impotent -- inasmuch as it's laughably precious.

and, finally, this southern protestant is a friend to the jesuit...i see them as internal reformers.  janus is a fan of the new pope.

now, i don't have time to break you down and to you demonstrate the deficiencies in these 'sentences' you've pecked-out.  i will only focus on the first (and, believe me, i could really be of help to you -- i live to give): "are you actually a retarded person, tough guy?"  

lemme ask you this: are you proud of that sentence, such that you would lead with it in an assault on janus?

i see problems with syntax, economy, redundancy...rank illiteracy.  we did all we could to civilize you savages, and this is what we get in return?

for shame!

english is a marvelous language; either learn it or go back to your buffalo pelts.

was that racist? 



Fri, 01/10/2014 - 22:38 | 4321704 Johnny Cocknballs
Johnny Cocknballs's picture

Listen McMurphy, I've got places to be, no time to play The Chief.


Read a book, for fuck's sake. You might learn to string together a coherent thought.

Sun, 01/12/2014 - 10:21 | 4324508 janus
janus's picture

unless i'm misinterpreting what i understand to be a semi-affable and (possibly) conciliatory tone, i will call truce.

i NEVER admit or accept defeat (i've never had to; and i never will); but my suspicion is that we occupy common terrain with respect to  matters that are of incalculably more meaningful import -- as regards the tragic trajectory that this good, green earth slopes solemnly along -- than the petty debate over what is and what is not 'racist'.  

i'm attempting to make a point about this nonsense; and that is that all peoples (if they are from any particular 'people' derived) qualify as racist -- in the broadly and nebulously defined sense that is among the intelligencia loosely codified and enforced in the most draconian and stazi-like fashion of cruel and contradictory capriciousness.  it is not only natural, but inevitable, that ALL peoples will perceive their selves through a prism of darks and brights...all boys love their mommas; all sisters love their brothers; all fathers adore their brood; all brothers band together against extraneous challenge...and this is not only a necessary, but, moreover, a valedictory virtue among the various creeds and kinds of man.

if your particular culture is of merit, it will increase.  if it is instead infected with vice, depravity, indolence, striving, enmity, superficiality or rebellion, it will rot into ruin or be summarily overrun by that of a culture what has these weaknesses remedied.

there are, without doubt, superlative and Divinely gifted individuals representing each and every people and culture from our fair and abundant earth...and those are they i wish most to meet and with them bond my very soul with unwelded and perfectly forged hoops of iron.  they are few -- but they always find a way to assert their specialness.

i am now convinced that all 'peoples' should have their own, inviolate place to cultivate or corrupt (whatever is the inclination of their 'culture' be it -- plague-ridden despair or virtue, industry and Light; may they choose wisely); and for the rest of us; those among us who understand that 'bigotry' and 'racism' are but forgivable and semi-rational 'ignorance' that the common man is not only entitled to, but dependent upon....well, we shall carve out our own cosmopolitan centers of sharing, thought-exchange, curiosity (in terms of both difference and similitude) and above all comity and perfected manners.

the New Age will not transform the world in a single and sudden instead requires the active and enthusiastic endorsement of of the curious and cosmopolitan...those willing to go anywhere and do anything to attain to true Liberty.

that time is very near...and i promise -- pinky-swear -- that janus will not scalp anyone (injun or otherwise); even if some half-cocked man of good will goes and triggers something vile and agressive in me: like, for example, condemning janus and his people as genocidal and blood-thirsty murderers.

you do not understand dixie...this much is clear -- that particular ignorance notwithstanding, you seem to have some appreciation of the world you have experienced.  maybe, if'n you dare take a trip down southerasterly-ways, you'll find some things that will dillute this didactic and impoverished opinion of yours.  til then...well, continue on with your simplistic and binary appraisals of your neighbors -- both near and remote.

(btw...i feel it necessary to humbly inform you that janus is something extra-ordinary....what you call 'incoherence' is. as all of exceptional intelligence will affirm, something the world hasn't seen in a VERY long time.  the januses (or, possibly, janui) arrive, act and pass ever-so rarely...enjoy)




Fri, 01/10/2014 - 15:52 | 4320661 Crawdaddy
Crawdaddy's picture

Funny that a guy with that screen name gets all huffy over religion. Good Catholic folks are victims in this scandal too. Go ask a Catholic if the Jesuits are a good or bad influence on the church.

Are you not interested in knowing more about a group that is identified as owning 43% of the world's companies?

Shreds provided:

World Bank lawyer blows the whistle on global cover up.


Sat, 01/11/2014 - 00:24 | 4321690 Johnny Cocknballs
Johnny Cocknballs's picture

That world bank lawyer is a zionist jew, who presents no evidence to support her claims.   The thing about the "Zionist Conspiracy" stuff is there's some evidence, it's just overstated some.


The thing about the Jesuit conspiracy is that it's based in anti-Catholic hate and paranoia along with zero evidence.  And fuck the Jesuits and their Church, but if if you're claiming they're behind it all, you're either shilling for Zionists or incredibly ignorant.


Taker yer pick.

Fri, 01/10/2014 - 12:02 | 4319553 Laughing Stock
Laughing Stock's picture








Tribe filth

Fri, 01/10/2014 - 12:08 | 4319590 o_rly
o_rly's picture

Kevin MacDonald has a good article on this.

It seems that our financial policy is incredibly dominated by Jews. We've had over twenty years of a Fed chairman who is Jewish, starting with Greenspan in 1987, then Bernanke and now Yellen. Can we get a little diversity up in here? Maybe a black guy even? In fact, Stanley Fischer was Ben Bernanke's PhD advisor. It's a small world.

Fischer also has been instrumental in working out ways to implement the embargo against Iran more effectively. In his role in the Fed, it looks like he'll continue this, all to the benefit of Israel.

This is just another effort to condition the US public to accept more Israeli dual-citizens in to top government positions. Unfortunately, dual-Israel citizens occupy many levels of US government. They basically have a revolving door, especially within intelligence and foreign policy circles.

Fri, 01/10/2014 - 15:31 | 4320571 janus
janus's picture

history is again rhyming.


if the light that is in them is darkness/

how great is that darkness,


Fri, 01/10/2014 - 13:41 | 4320060 JackWills
JackWills's picture

I guess its official, Obama is the White 'House Slave' he does as he is told.

Fri, 01/10/2014 - 11:34 | 4319435 BaBaBouy
BaBaBouy's picture

ISREAL CALLS THE USA Shots, $$$ Bitchies...

Fri, 01/10/2014 - 11:47 | 4319483 JackWills
JackWills's picture

Gotta make sure all Members of the Tribe have jobs, especially the yeshiva school flunkers, even if its just hitting the print key over and over and over

Fri, 01/10/2014 - 11:44 | 4319480 Canadian Dirtlump
Canadian Dirtlump's picture

How a foreign citizen ( or even a dual citizen for that matter ) can lead a private entity to essentially control a country is so perverse that it seems beyond reason. Certainly it is beyond the grasp of the vast majority of the gum chewing public which virtually guarantees our downfall.

Fri, 01/10/2014 - 11:50 | 4319506 Grande Tetons
Grande Tetons's picture

Mark Carney....hmmm. Canuck at the BOE. However, he is part of the bigger all is ok. 

Fri, 01/10/2014 - 12:01 | 4319546 Canadian Dirtlump
Canadian Dirtlump's picture

yeah he certainly qualifies, which is in no way acceptable and further fuels my comment. for the record, every single other example one can dig out of the sands of time is also reprehensible and flies in the face of the citizens of a sovereign nation being in control of their country.

Fri, 01/10/2014 - 13:19 | 4319943 Mark Carney
Mark Carney's picture

Ya! what gives?

Fri, 01/10/2014 - 14:58 | 4320450 AvoidingTaxation
AvoidingTaxation's picture

Mark Carney is a GOLDMAN (sounds familiar?) Sachs ex employée...uhm... employée

Fri, 01/10/2014 - 12:11 | 4319602 RaceToTheBottom
RaceToTheBottom's picture


"How a foreign citizen ( or even a dual citizen for that matter )"

It would be more interesting if that person was a member of the Austrian following...

Fri, 01/10/2014 - 11:46 | 4319489 Pairadimes
Pairadimes's picture

I thought I heard applause, but then I realized it must have been the sound of Paul Krugman fapping.

Fri, 01/10/2014 - 13:31 | 4320007 Grinder74
Grinder74's picture

Doesn't King Barry have an Israeli birth certificate?

Fri, 01/10/2014 - 11:27 | 4319410 Temporalist
Temporalist's picture

This will fix everything.

Fri, 01/10/2014 - 11:28 | 4319416 trader1
trader1's picture

no, it will just get all the anti-semitic, anti-zionist trolls in a tizzy...

Fri, 01/10/2014 - 11:31 | 4319422 Johnny Cocknballs
Johnny Cocknballs's picture

I like how you tried to connect 'antisemitic' with 'antizionist' there.

I figure you're not a guy who spends any time trying to learn what Israel is doing to the Palestinian people on a daily basis, are you.


Beause you're presumably a zionist.  Which I connect with racism, hate, and lots of things you no doubt spend long hours accusing others of.


Fri, 01/10/2014 - 11:43 | 4319475 pods
pods's picture

Don't get bent out of shape, whenever a jew is mentioned in the news online, it will trigger the "megaphone" and suporters will come out of nowhere.

Then as you argue you are slowly drawn into defending yourself as not being anti-semitic.  

Also out will come the luciferian league, which is merely another branch of the same thing.  They will always have you looking for monsters under your bed instead of the ones right in front of you.

As for me, I have no problem with jews. I have a problem with our money system. If it were micks, wops, or niggers concentrated in that field I would give them hell too. But, it seems that is not the case.

Most  jews are getting screwed just like the rest of us. I know all the ones I know are.  But then again, I don't hang out with moneychangers.




Fri, 01/10/2014 - 12:00 | 4319541 Johnny Cocknballs
Johnny Cocknballs's picture

well said.

The world has been divided between those who love or hate Israel/Jews.  This excludes third options, and a reasonable middle. I presume most people here are smart enough to reject actual antisemitism, but to also reject the kneejerk application of "anti-semite" to fair points.

And I don't "hate Israel" although I hate their current government and their ongoing slow burn ethnic cleansing of the West Bank.  I hate the fact that the BDS movement has to face charges of "antisemitism" by people who don't care one bit about the very real war crimes and hatefest Israel and its settlers engage in ceaselessly.  I hate the fact that reasonable people accept the notion that pointing out Israeli crimes, or aspects of the Jewish religion which seem to be xenophobic is itself somehow racist or xenophobic.


I reject the bullshit.  

Fri, 01/10/2014 - 12:28 | 4319671 WarPony
WarPony's picture

The USS LIBERTY, 9/11 & WTC bldg #7, the open-air prison that Palestine is, the 6 Dolphin class submarines half paid for by Germany, the proliferation of nukes, spying on the USA, selling our technology to the commies, etc.  what's not disgusting?

Fri, 01/10/2014 - 12:45 | 4319756 Herd Redirectio...
Herd Redirection Committee's picture

Which are all good reasons to despise:  Mossad, the Federal Reserve, and Zionists.

Fri, 01/10/2014 - 13:29 | 4319988 WarPony
WarPony's picture

In addition, I might add the NATO wars promoting Zionista hegemony, the US foreign aid - military, "humanitarian" and under the table (FED), and when did you EVER see the IDF send soldiers to the aid of the USA? US Colonel Mickey Marcus was Israel's first Aluf (General) and he was shot and killed by "friendly" fire. Our blood and treasure to build the toll roads so they can collect the tolls; such a deal.

Plus I've heard the zionistas have penis envy, as in "Oh GOY!"

Fri, 01/10/2014 - 12:22 | 4319645 WarPony
WarPony's picture

"As for me, I have no problem with jews. I have a problem with our money system. If it were..."

You forgot "crackers" - my heritage - but we know we're a minority -  sigh.

Fri, 01/10/2014 - 12:36 | 4319706 pods
pods's picture

I started out with "micks" cause I am a big part Irish.  I am a mutt though, maybe that is why I like mutts from the pound as opposed to purebreads?

One question:  Are you a cracker, or a creepy ass cracker?



Fri, 01/10/2014 - 13:06 | 4319871 WarPony
WarPony's picture

Just an ole white person who likes guns, the Creator and moral decency, oh yeah, and who believes in the Constitution and is against partial-birth abortion.  Might be creepy to some - like Pelosi and Schumer, but FUCK them.

Fri, 01/10/2014 - 14:39 | 4320357 rlouis
rlouis's picture

There is a quote, I can't recall who said it, "the biggest enemy of a jew is another jew."  Bernie Maddoff sure did some damage to his buddies.  For a real validation though, read the book Perfidy by Ben Hecht - it is an awesome story about the betrayal of the Hungarian jews by a fellow jew, a respected Zionist and future member of David Ben Gurion's government in Israel, Dr. Rudy Kastner.  Truly a book worth reading, it was banned in Israel.

Fri, 01/10/2014 - 11:47 | 4319491 trader1
trader1's picture

presumably, you have me figured wrong. 

and presumably, some fools on this site consider all jews as satan's spawn.

and the junks prove that presumption.

and that's laughable ;-)


Fri, 01/10/2014 - 11:52 | 4319511 Colonel Klink
Colonel Klink's picture

Yep, lament the problem you cause.  Then tag them with controversial label to discredit them.



Fri, 01/10/2014 - 12:45 | 4319762 ArrestBobRubin
ArrestBobRubin's picture

Jawohl Colonel!

Fri, 01/10/2014 - 13:09 | 4319890 trader1
trader1's picture

seek counseling,

pronto ;-)

Sat, 01/11/2014 - 18:16 | 4323523 Rafferty
Rafferty's picture

Old Polish proverb: "A Jew cries out in pain as he strikes you".

Fri, 01/10/2014 - 12:25 | 4319658 Johnny Cocknballs
Johnny Cocknballs's picture

apologies if I jumped the gun.

I also appreciate that there is a bit too much of the {actual} inanity you speak of - which is stupid, misguided, counter-productive, and unethical so far as I can see it.

I'm just subjectively fed up with the absurdly low threshold we have for calling something "anti-Semitic".  The Palestinians are and have suffered for it absurdly.  American national priorities and security are threatened by it {indirectly, since no one will stand up and declare AIPAC a 5th column}.


If I border on hate for any group, it is for what they believe, not their DNA.  Orthodox settlers - fuck em, they are racists, and violent, vile pigs.

I especially dislike Christian Zionists - the Hagees and Robertsons.  I'm not religious myself anymore, but for fuck's sake - there is nothing, not a thing, "Christian" about the pro-war, pro-hate so-called "Christian" Zionists. 

They are a necessary part of this fuckery.


Fri, 01/10/2014 - 13:19 | 4319927 trader1
trader1's picture

i can't disagree with you.  

i used to hate all different kinds of people and would take the easy way out of stereo-typing, i.e. not thinking critically and holistically.   

so, you get to a point where you mature and realize that we're all interconnected.  

for the people who hate the other, for without the other, they cannot hate.

god is consciousness.  we're all one.  we have a choice between fear and love.  (according to a guy named bill hicks)

Fri, 01/10/2014 - 12:29 | 4319675 superflex
superflex's picture

Shouldn't you be busy making white phosphorous mortar rounds to kill those pesky brown people who threaten your homeland?

Fri, 01/10/2014 - 13:19 | 4319941 trader1
trader1's picture

who is this question directed to?  

i've already fought in the GWOT.  

it's bullshit.  



Fri, 01/10/2014 - 16:33 | 4320782 trader1
trader1's picture

alright, alright.  now that's just a "i hate you trader1" junk. that doesn't count! :-P


let's see if i get greened for this gem...did you know?


Dieudonné M'bala M'bala (born 11 February 1966), generally known by his stage name Dieudonné (French: [djø.d?.ne]), is a controversialFrench comedian, actor, and political activist. His father is from Cameroon and his mother is French.

Dieudonné initially achieved success with a Jewish comedian, Élie Semoun, humorously exploiting racial stereotypes. At that time, he campaigned against racism and unsuccessfully presented himself in the 1997 and 2001 legislative elections in Dreux against the National Front, a party which he perceived as racist.[1][2]

On 1 December 2003, Dieudonné performed a sketch in a TV show about a Israeli settler who he pictured as a Nazi. Some critics argued that he had "crossed the limits of antisemitism" and several organizations sued him. Dieudonné refused to apologize and denounced even more "zionism" and the Jewish lobby, arguing that he had "mocked a Mullah in [his] previous show and that [he] should be allowed to make fun of zionist extremists in the same manner".[3]

Dieudonné was progressively banned from mainstream medias and many of his shows were cancelled by local authorities.[4][5][6] Dieudonné approached Jean-Marie Le Pen, leader of the National Front he had fought earlier in his life, who became the godfather of one of his daughters.[7] Dieudonné became a close friend of Alain Soral, a controversial writer with whom he shares many anti-establishment views. He bid to become President of France in the 2007 elections under the "anti-zionist party". Dieudonné's provocations culminated with the appearance ofholocaust denier Robert Faurisson in one of his shows in 2008.[5][8] He has described Holocaust remembrance as "memorial pornography". He has been convicted in court eight times on antisemitism charges.[9][10]

Boycotted by most media, but active on the internet and in his Parisian theater, Dieudonné has continued to have a wide appeal.[11] His quenellesignature gesture became viral in 2013. After footballer Nicolas Anelka made a quenelle in December 2013, French Interior Minister Manuel Vallsstated that Dieudonne was "no longer a comedian" but was rather an "anti-Semite and racist" and that he would seek to ban all Dieudonné's public gatherings as they amounted to a public safety risk.[10] The interdiction of the first show of Dieudonné expected at Nantes on 10 January 2014 was confirmed by justice.[12]


Fri, 01/10/2014 - 11:36 | 4319444 the tower
the tower's picture

zionism = anti-democratic apartheid = racism

it's about time Israel is exposed for what it is

Fri, 01/10/2014 - 11:52 | 4319513 oddjob
oddjob's picture

...a nation of wimpish pencil dicks?

Fri, 01/10/2014 - 12:17 | 4319550 dick cheneys ghost
dick cheneys ghost's picture

Im sick of all the secrets surrounding the 'monetary system'..........


"Give me control of a nation's money and I care not who makes it's laws"Mayer Amschel Bauer Rothschild

one could argue that the rothschild clan has caused more suffering on this planet than Mao, Stalin, Pol Pot and Obummer combined

Fri, 01/10/2014 - 11:43 | 4319472 Vooter
Vooter's picture


Fri, 01/10/2014 - 16:55 | 4320869 trader1
trader1's picture

contrarian-thinking would tell me i'm on the right side of the trade in this ZH forum.

Fri, 01/10/2014 - 11:28 | 4319414 y3maxx
y3maxx's picture

...Hmmmmm, Looks like the USSA about to become an Official Israeli Colony.

Fri, 01/10/2014 - 11:29 | 4319415 maneco
maneco's picture

For the sake of our children and future generations let us hope the Fed will not be around in 2028!!!!

Fri, 01/10/2014 - 11:30 | 4319420 Musashi Miyamoto
Musashi Miyamoto's picture

What about Mr. Yellen? er... um... Mrs. Yellen... people will think Obama is a sexist... Hillory 2016...

Fri, 01/10/2014 - 11:31 | 4319425 youngman
youngman's picture

From the Bank of the Bank of Israel....same thing

Fri, 01/10/2014 - 11:39 | 4319456 Oldballplayer
Oldballplayer's picture

^^^  That is funny.

Fri, 01/10/2014 - 12:05 | 4319565 NotApplicable
NotApplicable's picture

Branch manager?

Fri, 01/10/2014 - 14:49 | 4320413 negative rates
negative rates's picture


Fri, 01/10/2014 - 11:33 | 4319431 Coldfire
Coldfire's picture

As if a rhesus monkey couldn't do CTRL-P.

Fri, 01/10/2014 - 11:33 | 4319432 AccreditedEYE
AccreditedEYE's picture

Remember, this is the clown that put Apple on the balance sheet... Just sayin

Fri, 01/10/2014 - 11:46 | 4319488 Cursive
Cursive's picture


Nominated for comment du jour!  Pity there isn't a +10 up vote.

Fri, 01/10/2014 - 11:35 | 4319438 Cognitive Dissonance
Cognitive Dissonance's picture

"These three distinguished individuals Ponzi priests have the proven experience, judgment and deep knowledge insider connections of in the financial system to serve steal at the Federal Reserve during this important time for our economy economic destruction,” Obama said.

Sorry, my cynical slip is showing.

Fri, 01/10/2014 - 12:46 | 4319768 Herd Redirectio...
Herd Redirection Committee's picture

As Volcker said, the power to create is ultimately the power to destroy.

Fri, 01/10/2014 - 11:34 | 4319441 Hedgetard55
Hedgetard55's picture

Another Keynesian clown. Can't wait for the FED to be outsourced to India.

Fri, 01/10/2014 - 12:08 | 4319592 RaceToTheBottom
RaceToTheBottom's picture

Then we can strip search their asses, felony style!

Fri, 01/10/2014 - 11:38 | 4319450 chinaboy
chinaboy's picture

A backup printer. CTRL-P + CTRL-P + CTRL-P + ....

Fri, 01/10/2014 - 11:38 | 4319453 JackWills
JackWills's picture

I guess that is why the Isreali banks keep getting a pass on money laundering charges, I am sure the Swiss are jealous

Fri, 01/10/2014 - 11:38 | 4319454 the not so migh...
the not so mighty maximiza's picture

finally a true american for the job

Fri, 01/10/2014 - 11:43 | 4319458 Pairadimes
Pairadimes's picture

As if this matters one iota. How much tighter can the Keynesian grip get? This nation's fiscal and monetary policies went over the cliff a long time ago. The politicians are pretending to steer so the masses don't panic.

Fri, 01/10/2014 - 11:39 | 4319459 Magnum
Magnum's picture

Perpetuating the stereotype that jews are good with money.

Fri, 01/10/2014 - 11:41 | 4319461 Oldballplayer
Oldballplayer's picture

An isreali Citizen, born in Africa (what is it with our "leaders" being born in Africa?) running the US Central Bank.

What could go wrong.

Fri, 01/10/2014 - 11:41 | 4319465 J S Bach
J S Bach's picture

Is anyone really surprised?

Fri, 01/10/2014 - 11:41 | 4319468 SAT 800
SAT 800's picture

Well, everythings alright then, isn't it? Aren't Jews, like, good at banking and stuff?

Fri, 01/10/2014 - 11:42 | 4319470 Tinky
Tinky's picture

According to one reporter covering the event, President Obama, under his breath, added the following, cryptic note: "I assume that Francis Sawyer will be pleased."

Fri, 01/10/2014 - 11:47 | 4319493 totem
totem's picture

Finally, someone who knows their stuff.  They don't call him "The Hockey Maven" for nothing!

Fri, 01/10/2014 - 11:49 | 4319495 alien-IQ
alien-IQ's picture

Wasn't there something last night about a spike in sales for a certain book?


Fri, 01/10/2014 - 11:55 | 4319522 Johnny Cocknballs
Johnny Cocknballs's picture

AIPAC's Fed Candidate Stanley Fischer on a Warpath against Iran


So, at risk of being accused of abject "hate" for distributing facts, the FRB has been majority Jewish for a while. Now, you're not supposed to note this because it indicates the very Jewish power and over-representation we are told are 'canards' - and we're told they're canards secondarily for fear of legitimate anti-Semitism, and primarily to protect and hide that power and disproportionate influence.

But when a group is 2.5% of the population and members of that group not only have been the majority of the FRB, but 3 chairs in a row, the irs {a couple in a row}, the cftc {ditto}, the cbo, the fdic, and not only head treasury but are also the deputy as well as all of the under-secretaries....and so forth as others have discussed.


Frankly, it's just dishonest to claim it isn't a valid topic for conversation.

The topic becomes especially worth discussion given Fischer's background. Not his Jewish background, but his past preferential treatment of Israelis at the expense of US taxpayers.

Only Chertoff's nomination and approval for DHS was more absurd.  Meanwhile, Hagel's nomination was a circus because he seemed dangerously close to not putting Israeli interests first.


If you think being worried about Jewish influence in terms of connectivity with an Israel that is out to lie us into war is "anti-Semitic" you're either a fool or a liar.  Period.


Brainard is also Jewish, and is likely, under Fischer, to seek to advance Israeli interests if and when she can.  Which isn't that tough given the heavy over-representation of Jews as department heads, as well as the fact that as to foreign policy, AIPAC doesn't call every shot, but calls far, far too many for our own good.

I'm not so much concerned with the massive over-representation of Jews per se, but I am concerned with how this might affect our international relations and/or foreign policy through back channels.


Please spare me the idea that presuming Jews will be loyal primarily to Israel is a "canard".  No one claims that most Jews are loyal to Israel First - but a very healthy minority are.  Richard Perle and Paul Wolfowitz and Alan Dershowitz and their fellow travellers not only are Jewish first, not only are Israel-Firsters, but obviously so. AIPAC is by definition a group that lobbies for a foreign power, often at the expense of the US taxpayer and/or security.  And that group is unquestionably dominant as to foreign policy lobbies.


Freedom is the ability to say that 2+2 = 4. 


Fischer should not be confirmed - not because he's Jewish, but because he's an Israel Firster. 

Fri, 01/10/2014 - 12:08 | 4319581 CharlieMike
CharlieMike's picture

But are clearly not and they are not our allies.

Fri, 01/10/2014 - 12:07 | 4319582 CharlieMike
CharlieMike's picture

The problem is that they look like caucasions.

Fri, 01/10/2014 - 12:11 | 4319607 Oldballplayer
Oldballplayer's picture

Can you imagine the outrage of Nixon had appointed Sammy Davis Jr?

Fri, 01/10/2014 - 12:14 | 4319621 RaceToTheBottom
RaceToTheBottom's picture


"But when a group is 2.5% of the population......" blah, blah, blah...

Focus all that energy on the .001%.  That group really has the power...  And don't even breath about a meritocracy....

Fri, 01/10/2014 - 12:28 | 4319670 Johnny Cocknballs
Johnny Cocknballs's picture

"blah blah blah"?


That's about the substance of your argument. When an ethnocentric minority has a wild majority of positions, it is a valid topic of discussion, not least of all because it means everyone else {including other minorities} have less power than they should.

Let's say it was Mormons - I'd feel exactly the same.


Although I'm less worried about Utah getting us into needless wars that have nothing to do with American national, or even economic security.


Fri, 01/10/2014 - 14:56 | 4320436 RaceToTheBottom
RaceToTheBottom's picture

I did not present an argument, I had a point, which you conveniently avoided.

Next time I will not give you such a softball for distraction (blah, blah, blah)

Fri, 01/10/2014 - 15:42 | 4320520 Johnny Cocknballs
Johnny Cocknballs's picture

No, you have it backwards:  You indeed had an argument {which is why you responded thusly}.

What you lacked was a "point."

Why did you lack a point?  Because the tiny minority of the ultra wealthy is a different category from a tiny minority that has wildly disproportionate power, influence, and of course wealth.

In other words, you're really trying to argue that concern with this over-representation is not valid  - because a set which is "the few most powerful/wealthy" exists.  It's a category mistake, and wholly irrelevant to whether or not my claims have merit.


Lemme give you a tip, kid:  the first rule of holes is, when you're in one, stop digging.


p.s. How do you 'conveniently avoid' a point that wasn't made?


Sat, 01/11/2014 - 18:26 | 4323552 Rafferty
Rafferty's picture

Ok then. What proportion of the .00001% is Jewish?  My guess about 90%.

Fri, 01/10/2014 - 12:23 | 4319636 JackWills
JackWills's picture

Will they go after the JEW mob with racketeering/charges like they did with the Italian mob?

You know there are many unemployed Christian Americans born in the USA with no other passports that have a financial background and outstanding CVs, why we not hiring them?????????????????


Fri, 01/10/2014 - 12:22 | 4319648 Oquities
Oquities's picture

"I'm not so much concerned with the massive over-representation of jews per se"

why not?  after you present overwhelming stats that imply tribal cronyism in global banking, you then back down?

Fri, 01/10/2014 - 12:34 | 4319700 Johnny Cocknballs
Johnny Cocknballs's picture

If a guy breaks into my house, I'm not really worried what his ethnic background is, or the religious myths he holds dear.  I'm not better off if someone else is robbing me.

Should there be this sort of over-representation, in fairness - of course not.

But the bigger fish to fry is whether Jews who do, in fact, have inordinate allegiance to a foreign state that, frankly, I don't consider an "ally" at all, are going to use positions of power in a way that harms the US.  This doesn't go to religious belief or where their great great grandma came from, but their national allegiances.


And in fact, because Fischer is Jewish, he will be insulated from what should be self-evidently fair criticism as to his past actions and professed loyalty - just as Israel is in fact largely insulated from sanctions and boycotts because, apart from Jewish power per se, a well-organized machine operates to spread the intellectually bankrupt notion that picking on Israel for murdering Palestinians and building an apartheid colonialist exclave is "hate".


And that's all I have to say about that...

Fri, 01/10/2014 - 12:44 | 4319751 Oquities
Oquities's picture

"If a guy breaks into my house, I'm not really worried what his ethnic background is..."

again, why not?  if you live in detroit, say, and your house has been broken into several times by black guys, are you ignoring where the risk is coming from in order to appear "objective" or are you really saying your next burglar is as likely to be white?  all you are doing is avoiding reality for the sake of what - political corectness?

Fri, 01/10/2014 - 15:21 | 4320529 Johnny Cocknballs
Johnny Cocknballs's picture

For fuck's sake - wipe the cum out of your eyes if you see my posts as slavishly devoted to political correctness.

Fri, 01/10/2014 - 11:56 | 4319529 RaceToTheBottom
RaceToTheBottom's picture

If this guy is Vice Chair FED, he will presumably take over if Yellen is hit by a bus. 


Ok, who is going to be driving that bus?

Fri, 01/10/2014 - 12:06 | 4319575 NotApplicable
NotApplicable's picture

Why Stanley, of course.

Fri, 01/10/2014 - 12:01 | 4319540 IdeasRbulletproof
IdeasRbulletproof's picture

I mean, can it be any more obvious what's goin on here?

Fri, 01/10/2014 - 12:09 | 4319595 NotApplicable
NotApplicable's picture

The collective known as "Jews" are being setup to the fall guy, yet again? All while certain individual Jews profit?

Remember, the NWO needs ALL nation states to lose credibility in order to usher in global governance. Each will have it's own fuse lit at the appropriate time.

It seems TPTB took notes when certain Wall St. firms brought Hitler to power.

Fri, 01/10/2014 - 12:45 | 4319631 IdeasRbulletproof
IdeasRbulletproof's picture

Possibly, I believe out of more chaos, there will be more awakenings in the process. Imagining Obama/Hillary and the rest of TPTB at the helm will surely bring all those responsible to some type of consequence...

Didn't down vote u btw...

Fri, 01/10/2014 - 12:38 | 4319545 Dr. Engali
Dr. Engali's picture

By vice chair I assume you mean the person behind the affirmative action figurehead who will be really directing policy.

Fri, 01/10/2014 - 12:01 | 4319547 overmedicatedun...
overmedicatedundersexed's picture

just odd that a small % of our population is represented in such high numbers in MSM BANKING GOV diamond trade as well - monopoly could be used, but,still odd enough to attract attention..connecting dots must be derailed- quick look over there at that fat fuck traffic stopper. obuma's too smart to just randomly pick this same tribe over and over, gotta be what he is told to do, but by whom for whom..well jews are not one's to complain about good luck, "better than a stick in the eye", "what's not to like?"

Fri, 01/10/2014 - 12:01 | 4319548 disabledvet
disabledvet's picture

It's too late...there's no going back now. You've "set sail for taper." it doesn't really matter now much time "taper"'s policy, it's done. "at least in 37-38 gold prices remained stable." and this ain't no "tempest in a teapot" like the 90's either...this is the REAL Tempest. Felix Solomon was dead on when he said just a few months ago "people are putting too much faith in the Fed to fix all the problems." And now the Fed is not only the problem...but the problem that can't be fixed now. She didn't hang around to see the result...and is still minting money as a result.

Fri, 01/10/2014 - 12:22 | 4319650 Debt Slave
Debt Slave's picture

One has to wonder when people will stop putting faith in the Fed to fix our problems and begin to realize that the Fed IS our problem. Yeesh..

Fri, 01/10/2014 - 12:03 | 4319559 czarangelus
czarangelus's picture

This has nothing to do with Mein Kampf selling like hotcakes. No siree bob.

Fri, 01/10/2014 - 12:13 | 4319561 ArrestBobRubin
ArrestBobRubin's picture

Multiculturalism, Diversity, Tolerance (please note it is illegal to not capitalize these Sacred Terms) are strictly for the goyim. Amazing how many are going to their own slaughter while towing a party line designed to eradicate their kind. That's a special kind of stupidity and learned self-hatred.

The Jews remain so angry about the idea of a German "Master Race". Because clearly, that's their turf. It's only a bad thing when Gentiles get the notion.

Jewish Supremacism is to be encouraged! They only want the best for us, right?

“KILL THE BEST GENTILES!” “Tob Shebbe Goyim Harog!”

(THE TALMUD: Sanhedrin 59)

A nation can survive its fools and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable for he is known and carries his banners openly. But the traitor moves among those within the gates freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself... for the traitor appears no traitor: He speaks in accents familiar to his victims, and he wears their faces and their garments, he appeals to the baseness that lies deep in the souls of all men. He rots the soul of a nation; he works secretly and unknown in the night to undermine the pillars of the city; he infects the body politic so that it can no longer resist. A murderer is to be less feared. — Cicero


Fri, 01/10/2014 - 12:20 | 4319589 maneco
maneco's picture

Stanley Fischer was born in 1943 in Northern Rhodesia, so he is also British by birth.

Sat, 01/11/2014 - 20:11 | 4323797 Rafferty
Rafferty's picture

Right. He's a loyal British citizern then.  Straightened that one out.

Fri, 01/10/2014 - 12:10 | 4319597 esum
esum's picture

aside from who runs the Fed Bank..... what if they call in the debt ???????

Henry Ford said if the American people understood the Fed they would revolt... 

Fri, 01/10/2014 - 12:11 | 4319604 Debt Slave
Debt Slave's picture

Another member of the Tribe. Color me surprised.

Fri, 01/10/2014 - 12:13 | 4319613 Uncle Remus
Uncle Remus's picture

I hear there's a book...

Fri, 01/10/2014 - 12:20 | 4319638 Debt Slave
Debt Slave's picture

Anyone want to remind me why we attacked Israel's neighbors in Iraq, Afghanistan, Libya and nearly Syria, all the while beating the drums to attack Iran? Yeah, umm humm.

Fri, 01/10/2014 - 12:21 | 4319639 vyeung
vyeung's picture

explicit mortgaging of the US economy now. Gloves are off, get digging into the meat and veg now. Obviously Fischer's master (Rothschild) need him there to dictate a delicate operation for the Rothee's and their objectives.

Fri, 01/10/2014 - 12:22 | 4319647 Whoa Dammit
Whoa Dammit's picture

According to Fischer "We don’t know what we’ll be doing a year from now." Given his IMF and World Bank connections I can make an educated guess.

Fri, 01/10/2014 - 12:27 | 4319659 JR
JR's picture

It’s the official end of U.S. sovereignty - with control of America now transferred to the internationalists (non-Americans). We always knew that Janet Yellen was only a front; the real power, the real Fed chair, is now held by an Israeli national, Stanley Fischer.

Here is the portrait of a foreign national who now will control American society (and there can be no doubt the Federal Reserve is in complete control of America’s politicians, institutions, domestic policy and foreign policy… and the sovereignty now belongs to Israel).

AIPAC’s Fed Candidate Stanley Fischer on a Warpath Against Iran |

Posted by Grant Smith on December 27, 2013

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.


Stanley Fischer was born in Northern Rhodesia in 1943. He studied at London School of Economics and received a PhD in economics from MIT. He taught and chaired the MIT economics department and co-authored a leading macroeconomics textbook with Rudiger Dornbusch. Fischer joined the World Bank in 1988 and became the first deputy managing director of the International Monetary Fund (IMF) in 1994. He oversaw emergency bailout lending and austerity programs over Mexico, Thailand, Indonesia, Russia, Brazil and Argentina. High flying Citigroup – under the helm of Sanford "Sandy" Weill – recruited Fischer in 2002. There he rose to become vice president with a seven-figure pay package.


Fischer has not only been an ardent supporter of Israel, his professional efforts began when he took sabbatical leave to Israel in 1972 and 1976-1977. He was a visiting scholar at the Bank of Israel in 1980. More importantly for Israel, Stanley Fischer won an appointment to the Reagan administration’s U.S.-Israel Joint Economic Discussion Group that dealt with Israel’s 1984-1985 economic crisis. In October of 1984, Israeli Prime Minister Shimon Peres arrived in Washington asking an initially reluctant Reagan Administration for an additional $1.5 billion in U.S. emergency funding – over and above the already-promised aid $5.6 billion aid package.1 The help amounted to U.S. taxpayers funding each Israeli citizen $1,650. Another key component of the plan called for a largely unilateral lowering of U.S. tariffs and trade barriers to Israel, a program initially called "Duty Free Treatment for U.S. Imports from Israel" but later repackaged and sold as America’s first "free trade" agreement. Over time the FTA reversed a previously balanced U.S.-Israel trading relationship for one that has produced a cumulative deficit to the U.S. that passed $100 billion in 2013. Seventy American industry groups opposed to the give-away in 1984 were disenfranchised when Israeli Economics Minister Dan Halpern and AIPAC illegally obtained a classified compendium of their industry, market and trade secrets to use against them in lobbying and public relations. An FBI espionage and theft of government property investigation was quashed before it could narrow in on those inside the U.S. government who delivered the secrets to Halpern.

The U.S.-Israel Joint Economic Discussion Group fundamentally transformed U.S. aid to Israel forever. Before the Reagan administration, most U.S. aid to Israel took the form of loans that had to be repaid with interest. After the input of Fischer’s team, subsequent U.S. aid was delivered in the form of outright grants paid directly from the U.S. Treasury – never to be repaid or conditioned when Israel took actions the U.S. opposed.

Like many of Fischer’s later IMF austerity programs, the Joint Discussion Group initially announced that strings attached to the aid would make it temporary. Secretary of State George Shultz insisted during a 1985 address to AIPAC that "Israel must pull itself out of its present economic trauma …. No one can do it for them … our help will be of little avail if Israel does not take the necessary steps to cut government spending, improve productivity, open up its economy and strengthen the mechanisms of economic policy. Israel and its government must make the hard decisions."1 Shultz wanted to make the huge American cash transfer conditional on major Israeli economic reforms, but intense AIPAC lobbying in Congress threatened to make the State Department influence irrelevant. In the end, Congress delivered aid without Israeli sacrifices, such as selling off bloated state-owned industries and spending belt-tightening. The proposed privatization of $5 billion in state enterprises threatened too much bureaucratic "turf" and too many jobs, so Israel put them on hold. Fischer apologetically characterized the Likud years as a "wasted opportunity by a government that should have known better."2 Not until 1996 were Fischer’s proscribed economic remedies adopted by American neoconservative consultants to Benjamin Netanyahu as minor points in the "Clean Break" manifesto for Israeli regional hegemony. They remain among the few unimplemented tasks in a plan that called for military action against Iraq, Syria, and Lebanon.

Despite the absence of any real economic reforms that would take Israel off the American taxpayer dole, Fischer co-wrote a blustering 1986 article for the Wall Street Journal called "Israel Has Made Aid Work" that AIPAC circulated widely as an official memorandum of its achievements. "Israel is the largest single recipient of economic aid from the U.S. This is partly because the economic stability of Israel is uncertain and is important to U.S. national interests. Therefore a report on the progress of the Israeli economy is relevant to policy decisions to be made here." Fischer never bothered to substantiate his premise, that U.S. national interests were somehow served by the bailout or that any aid given to Israel produced tangible benefits. Instead Fischer delivered a fusillade of dry and all but unreadable statistics about Israel’s temporary economic performance. Issues of long-term importance to most Americans, such as returning U.S. aid to the traditional format of loans to be repaid and the likely impact of the FTA on U.S. jobs went unaddressed by Fischer. Fischer’s core achievement – that the transformation of aid from loans to outright taxpayer give-aways – has been unchanged since 1986. The premises behind this ever-increasing entitlement and one-sided FTA performance are likewise never reexamined by Congress – despite the fact that a majority of polled Americans have come to oppose aid increases to Israel. Fischer’s rare admonitions that Israel be held to account, unlike like the economies he transformed through biting IMF austerity programs, have remained nothing more than lip service.

At the end of 2004 Israel’s U.N. ambassador recruited Fischer to become the head of Israel’s central bank, asking, "Why not be our governor?"3 Fischer accepted and initially provided endless amusement to reporters by insisting on speaking Hebrew during press conferences and refusing to speak English. Initial concerns that Fischer’s global stature and experience would overshadow and chafe the relevant players in Israel proved unfounded as Fischer moved energetically into his new role. AIPAC continued to trumpet Fischer’s accomplishments steering Israel through the global financial crisis, though beneath the surface he was performing far more serious tasks for Israel and its global lobby.

Iran Sanctions

As Bank of Israel governor, Stanley Fischer played a central role in coordinating the implementation of AIPAC-generated sanctions against Iran – ostensibly over its nuclear program. Stuart Levey, the head of the U.S. Treasury Department’s division for "Terrorism and Financial Intelligence," an office created after heavy AIPAC lobbying, met often with Fischer in Israel alongside the Prime Minister, Foreign Minister and chiefs of both the Mossad and Shin Bet to explore how to "supplement" UN sanctions and end-run Russian and Chinese opposition.4 The Levey-Fischer strategy was "to work outside the context of the Security Council to engage the private sector and let it know about the risks of doing business with Tehran" particularly against European banks that had only partially drawn back their business dealings with Iran. In 2010, Israel dispatched Fischer to meet with Chinese and Russian "counterparts" in order to financially isolate Iran.5

Fischer’s final official duties for the Israeli government included drilling for "big crisis" scenarios – specifically, Fischer told an Israeli television station – the unavoidable financial fallout of a military attack on Iran.6 "We do plans, we do scenarios, we do exercises about how the central [bank] will work in various situations."7 After years targeting Iran, Fischer became convinced in his final months in Israel that sanctions alone were not enough to collapse its economy. Fischer reluctantly concluded that even as Iranian economic prospects "continue to go down" the country would likely "find a way to continue to keep economic life going."7

Fischer suddenly resigned and left the Bank of Israel on June 30, before completing his second five-year term.

Israelis into the Fed and then where?

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.8 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.9 Media reports initially indicated that Fischer’s candidacy-to-Senate-confirmation would proceed on greased skids – with no Senate debate – taking only a week so that the pair could quickly take over the Fed in January. However, the Senate concluded its 2013 business without taking up the matter. The earliest date the measure could be put up for a vote is January 6, 2014. Even that date might slip since Senator Rand Paul and Minority Leader Mitch McConnell plan to delay the vote unless a long-languishing measure to "Audit the Fed" is also put up for a vote.

This rushed approach has meant relatively little reporting on the deeper implications of having an openly dual Israeli-American citizen a heartbeat away from Fed chairmanship. That is unfortunate, since Israel and its U.S. supporters have many hidden reasons for wanting stronger influence at the Fed that they would likely prefer not to discuss.

That the Fed is a key player in Iran sanctions implementation is certainly no secret. The Fed has been an equal partner in levying hundreds of millions in fines against foreign banks such as R.B.S, Barclays, Standard and Chartered and H.S.B.C. which were charged with violating the Iran sanctions regime. Although AIPAC never mentions it, American exporters have been seriously hurt by sanctions on Iran and the punitive secondary boycott. A coalition representing the US Chamber of Commerce, the Business Roundtable, Coalition for American Trade, the National Foreign Trade Council and others urged Congress not to enact sanctions provisions they estimated would cost $25 billion and 210,000 American jobs. (pdf) Keeping such a costly regime in place despite thawing relations and any hard evidence of an Iranian nuclear weaponization program has therefore required immense ongoing efforts by Israel lobbying groups.

An equally important target for Fischer and Israel may be – somewhat ironically given their pro-boycott programs – anti-boycott activities. In the 1970-80s the Federal Reserve played an active "moral suasion" role chastising and corralling U.S. banks away from any activity that Israel construed as compliant with the Arab League economic boycott. An expert with deep experience enforcing the international boycott of Iran, Fischer is likely aware of the many active American grass-roots campaigns aimed at ending the Israeli occupation of Palestinians through targeted boycotts. These boycotts range from efforts to get retailers to stop carrying manufactured goods produced in the occupied West Bank (Ahava and Soda Stream), to overturning contracts with firms providing services in occupied territories (Veolia), to academic boycotts and even efforts to get labor union pensions to divest from Israel bonds. Working more closely with Israel and AIPAC, the Fed could become a vital node for reinterpreting and enforcing old or new laws aimed at outlawing and punishing groups organizing such grass-roots activities by targeting U.S. bank accounts and freezing their financial flows.

Fischer may also want to launch "exercises" to prepare the U.S. financial system for the fallout of Israeli military attacks on Iran. New bills in Congress drafted by AIPAC call not only for additional sanctions aimed at thwarting a fledgling deal on Iran’s nuclear program (favored 2-to-1 by Americans). AIPAC’s bill forces the U.S. to "have Israel’s back" in the event of a unilateral Israeli strike. If Israel has already decided to attack Iran, it would benefit immensely from having Fischer inside the Fed, protecting the financial flows Israel now regards as all but a birthright from its primary global underwriter. Less well-known is the Fed’s authority to authorize foreign bank acquisitions. Any future Israeli campaign to further entwine its banks into the U.S. financial system through acquisitions would likely find a much more welcoming regulator in Fischer.

Whatever the real motivation for Fischer’s sudden, inexplicably rushed insertion into the Federal Reserve, it is also worthwhile to note longstanding Fed policies have correctly considered U.S. citizenship to be preferable for at least one key position, "because of the special nature of the supervisory function, the need to ensure confidentiality of information, and the delegated nature of the function." Unfortunately, that policy preference covers only Fed bank examiners rather than top leadership – the Federal Reserve Act is silent on the wisdom of installing a revolving door for returning U.S. citizens who took on dual citizenship as a condition of serving a foreign government.

AIPAC, Fischer’s co-author of harmful U.S. economic policies on behalf of Israel, likely sees the Fischer appointment as an important test case to assess American tolerance for openly dual Israeli-American citizens running key U.S. federal agencies. In 2009 former AIPAC research director Martin Indyk, who was at the center of AIPAC’s research division during the FTA push, said that "the US-Israel Free Trade Agreement served as a wedge that opened up the Congress to free trade agreements across the world, including the NAFTA agreement." Likewise, if Fischer can be "wedged" into the Fed, it begs the question of why former Israeli ambassador to the U.S. and historian Michael Oren could not someday lead the Near East division of the State Department. From AIPAC’s perspective, having qualified Israelis directly run key divisions of the U.S. Treasury such as Terrorism and Financial Intelligence, rather than indirectly through AIPAC-vetted appointees such as Stuart Levey and his hand-picked successor David Cohen, could probably boost the volume of taxpayer give-aways while improving coordination with Israel. Given AIPAC and Israel’s overly large influence on U.S. military initiatives in the region, the lobby may now feel the moment is right for appointing Israeli generals into the Joint Chiefs at the Department of Defense. This, AIPAC may well reason, would be much more convenient than constantly arranging visiting Israeli military and intelligence delegations that increasingly serve as sole briefers (rather than DoD or the American intelligence community) of members of the US Congress.

Soon after word of his Fed nomination spread, Fischer again made uncharacteristically harsh statements about Israel at an NYU Law School forum. As reported in The Jewish Week, Fischer told the audience that Israel is not seeking peace "to the extent that it should" and that it is "divided between those who want to settle the West Bank and those who seek peace." Fischer – who had every chance to pull U.S. and Israeli financial levers that could have forced Israel out of occupied territories or forced compliance with International law – never did. Adding to suspicion that the statement was simply more empty "lip service" aimed at building popular support among Americans tired of war, was the reporter of the quote – former AIPAC lobbyist Douglas Bloomfield. In 1986 Bloomfield was grilled as a key suspect (pdf) in the 1985 FBI investigation of AIPAC for espionage during the FTA negations

If Americans were ever polled on it – and they never are – the majority who now object to increasing aid to Israel would also likely object to quasi-governmental and governmental positions being staffed by people who – by citizenship or sheer strength of identity politics – are primarily occupied with advancing Israeli interests rather than those of the United States. It is obvious that the real reason AIPAC and its economic luminaries such as Fischer never substantiate any of the advertised benefits the U.S.-Israel "special relationship" delivers to America in return for all of the costs is simple – there simply aren’t any. As greater numbers of Americans become aware that the entire "special relationship" framework is sustained by nothing more than Israel lobby campaign-finance and propaganda networks, the harder the lobby will have to work to forcibly wedge operatives like Fischer into positions where they can thwart growing public opposition – whether it takes the form of boycotts or grassroots opposition to the U.S. fighting more wars for Israel. In the very short term, Americans can only fight such undue Israel lobby influence by again – like during the drive to attack Syria – staging a mass action to demand their senators reject Stanley Fischer’s nomination.

  1. Oberdorfer, Don “Will U.S. Dollars Fix Israel’s Economy?” Washington Post, June 9 1985. [?] [?]
  2. Passell, Peter “Need Zionism Equal Socialism?New York Times, July 2, 1992. [?]
  3. Maital, Shlomo “Stanley Fischer: the man and the plan,” Jerusalem Report, February 7, 2005. [?]
  4. BBC Monitoring Middle East, March 5, 2007. [?]
  5. Keinon, Herb “Russia won’t back crippling sanctions.” Comment comes day before high-level US-Israel meeting on Iran. Jerusalem Post, February 25, 2010. [?]
  6. Williams, Dan “Iran Stepping Up Its Atomic Efforts,” The Gazette, August 13, 2012. [?]
  7. Bank of Israel governor: Sanctions won’t collapse Iran economy.” Islamic Republic will likely find way to ‘keep economic life going,’ says Fischer in interview with CNBC, Jerusalem Post, October 24, 2012. [?] [?]
  8. Weisman, Steven R. “Wolfowitz Said to Push for Deal to Let Him Quit,” New York Times, May 17, 2007. [?]
  9. Fischer set to be tapped as vice chair of US Federal Reserve,” Times of Israel, December 11, 2013. [?]

Grant F. Smith is the author of America’s Defense Line: The Justice Department’s Battle to Register the Israel Lobby as Agents of a Foreign Government. He currently serves as director of research at the Institute for Research: Middle Eastern Policy in Washington (IRmep), D.C. Read other articles by Grant, or visit Grant’s website.

Fri, 01/10/2014 - 12:26 | 4319661 vote_libertaria...
vote_libertarian_party's picture

So the guy who taught all of these idiots how to not see bubbles is now on the board?


okley dokley

Fri, 01/10/2014 - 12:31 | 4319666 Azannoth
Azannoth's picture

This should be enough to catapult "Mein Kampf" to #1 not just in the Politics section.

American now is in the same position Germany was ca. 1914-1929. Soon Americans will realize why Hitler (and most Germans, Austrians and Poles) hated the jews so much.

Fri, 01/10/2014 - 13:05 | 4319866 JR
JR's picture

America’s economic decisions, including transfer of wealth and rape of assets such as savings accounts, are now totally in the hands of an international cabal and a chief commander who works solely for the international bankers.

The Constitutional guarantees to protect American citizens and their economic property have been sold, stolen and transferred to personages by Congress who have no national loyalty to the  people of the United States. This nomination comes after Obama's December move of Jewish internationalist Jeffrey Zients to the levers of power in America as his top economic “adviser.”

Author John Toland, referencing Hitler's friend Hanfstaengl, wrote that Hitler "had become convinced that Wall Street and, in fact, all America was controlled by the Jews."

Toland's incredible Hitler biography relates Hitler's activities as a young man in Vienna. Writes Toland: "Almost every Gentile in the Austrian capital was an anti-Semite." Even the great biographer Toland declines to explain why that was the case.

Do NOT follow this link or you will be banned from the site!