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Meet The Bubblebusters: Federal Reserve Launches A Committee To "Avoid Asset Bubbles"

Tyler Durden's picture




 

Just when we thought that the Fed is pulling an Obama and has "no strategy" to deal with what not some fringe blog but Deutsche Bank itself proclaimed was the bubble to end, or rather extend, all bubbles, when it said that "the bubble probably needs to continue in order to sustain the current global financial system" they surprise us once again when they report that, drumroll, the Fed has formed a committee led by the former head of the Bank of Israel - best known for using de novo created fiat money to buy AAPL stock as part of "prudent monetary policy" - Vice Chairman Stanley Fischer, to monitor financial stability, which according to Bloomberg is "reinforcing the Fed's efforts to avoid the emergence of asset-price bubbles."

Because contrary to what even five-year-olds know by now, the Fed is supposedly not promoting the emergence of bubbles but is actually "avoiding" them. No, really.

From Bloomberg on the Fed's committee for the prevention of asset bubbles:

Joining Fischer on the Committee on Financial Stability are Governors Daniel Tarullo and Lael Brainard, according to the central bank’s latest Board Committee list.

 

Fed officials want to ensure that six years of near-zero interest rates don’t lead to a repeat of the excessive risk-taking that fanned the U.S. housing boom and subsequent financial crisis.

 

“They’re putting the varsity team on it, but whether or not they’re going to be able to call bubbles better than anyone else is really is an open question,” Drew Matus, deputy U.S. chief economist at UBS Securities LLC in New York, said in an interview yesterday.

 

Sharpening the issue, measures of volatility across stocks, bonds and currencies worldwide have declined to record or multi-year lows this year, in a potential sign of investor complacency.

 

Fischer’s committee joins the Fed’s Office of Financial Stability Policy and Research, led by Nellie Liang, a senior Board economist, on the lookout for signs of market excess.

 

The creation of the new committee was reported earlier by the Wall Street Journal.

 

One purpose of the committee is to help ensure that staff working on financial stability issues can easily flag their findings at the Fed’s highest level.

Well, that explains it: all Bernanke needed when he infamously said in March 2007 that "subprime was contained", days after New Century imploded, was a "committee" - clearly then the biggest financial crash in history would have been avoided, and the Fed would have been on top of things.

Which it is now.

On top of things, that is.

Thanks to a committee.

 

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Sat, 09/13/2014 - 14:21 | 5214181 ParkAveFlasher
ParkAveFlasher's picture

Why don't they skip the pretense, and just call it a "Bunch of Cigar Chompers Taking A Dump On Gold Hourly"?

Sat, 09/13/2014 - 14:24 | 5214186 Pladizow
Pladizow's picture

Elsewhere..... Arsonists start association to prevent fires!

Sat, 09/13/2014 - 14:33 | 5214199 Xibalba
Xibalba's picture

Kim Kardashian better watch her...oh wait, they said asset bubbes, not bubble asses.  

Sat, 09/13/2014 - 14:36 | 5214207 Chris Jusset
Chris Jusset's picture

"The Federal Reserve has created a committee to determine whether there are asset-price bubbles. "

 

Meanwhile, in other news:

"The Federal Reserve has created a committee to determine whether the sun is hot."

"The Federal Reserve has created a committee to determine whether water is wet."

"The Federal Reserve has created a committee to determine whether the sky is blue."

Sat, 09/13/2014 - 15:11 | 5214269 Four chan
Four chan's picture

the job of the fed is to make money for its shareholders by any means.
the means it has always used, is to create boom and bust cycles.

these cycles capture "loaned on property" and enslave the borrowers to debt.
to those who are not enslaved already, the fed devalues their savings of fr notes 
through inflation, which is only another word for devaluation.

the "system" is working perfectly and as planned by its creators 100 years ago.

an evil system created by evil men, to replace the system created by patroits aka we the people.

the fed has stolen america and enslaved a free people.

 

 

Sat, 09/13/2014 - 15:34 | 5214281 Pinto Currency
Pinto Currency's picture

 

 

After 2 decades of asset price inflaton (bubbles), now they find Jesus on bubbles.

The only bubble left is gold and silver. 

 

Sat, 09/13/2014 - 15:39 | 5214302 Skateboarder
Skateboarder's picture

Many fools will sell their precious when paper value goes sky high.

Sat, 09/13/2014 - 16:36 | 5214423 knukles
knukles's picture

First Committee finding:  There are no bubbles and if they were we wouldn't know it and we didn't cause them anyhow. 
Party On, Dude

Sat, 09/13/2014 - 19:41 | 5214763 Radical Marijuana
Radical Marijuana's picture

Correct,

Four chan:

"an evil system created by evil men, to replace the system created by patroits aka we the people."

Of course, this new committee is merely another group of top foxes put in charge of supervising the hen house. What is WORSE is the degree to which the established monetary system has become a totally metastasized cancer, so much so that any possible treatments would precipitate the death of the established systems, while still allowing that cancer to spread only makes more sure of the eventual death anyway.

The SOURCE of all the bubbles is the legalized counterfeiting of the public "money" supply, made out of nothing as debts by private banks, with the Federal Reserve Board as the symbolic head of that system. Those who can legally make "money" out of nothing ALWAYS find every excuse that they possibly can to blow bubbles. Eventually, that runaway fraud causes those bubbles to pop. However, since the basic system of privatized MAD Money As Debt does not change, there is immediately a new effort to blow another bubble by those who still enjoy the privilege of making the public "money" supply out of nothing as debts, which frauds continue to be enforced by governments, inside of political systems which are completely corrupted by the roles of that money in funding those political processes.

SINCE EVERYONE WHO HAS ANY "MONEY" IS INSIDE OF THAT MONETARY SYSTEM, EVERYONE IS TOTALLY INFECTED BY THAT TERMINALLY SICK AND INSANE MONETARY SYSTEM, WHILE ANY ATTEMPTS TO FIX THOSE PROBLEMS WOULD PRECIPITATE THAT SYSTEM TO COLLAPSE INTO CHAOS, WHICH IT IS GOING TO DO ANYWAY ... E-V-E-N-T-U-A-L-L-Y ...

What goes around comes around the ways that the American "free people" treated the slaves from Africa, and the first nations that were living in North America, are going to become the ways that the vast majority of the American people are going to be treated in the future, namely, after enslavement comes democidal martial law. It is practically impossible for the established monetary system to be fixed, except, perhaps, after the runaway debt slavery generates numbers which drive debt insanities to provoke death insanities. The vast majority of "We the People" have been reduced to Zombie Sheeple, while there are no practical ways to change their thinking enough to enable enough of them to understand what is really going on ... There is no way to go backwards, while going forward faces the degree to which the monetary system has ALREADY become a totally metastasized cancer!

Theoretically better resolutions to the problems would take enough people understanding the basics that money is measurement backed by murder, because the debt controls depend upon the death controls. The ways that the established monetary system ended up becoming runaway enforced frauds were achieved on at least two significant levels, and would take resolutions on both those levels: The government is the biggest form of organized crime, controlled by the best organized gang of criminals. The enforced frauds which benefit the banksters were achieved by the application of the methods of organized crime to the political processes, so that the powers of governments to collect taxes and legislate legal tender became the mechanisms to enforce the bankers' capability to make the public "money" supply out of nothing as debts, which then drove overall runaway inflation, through bubbleconomics.

At the present time, it is becoming more and more imperative to face the basic environmental facts that exponential growth is no longer possible on a finite planet. The current monetary system MUST have more exponential growth, or it MUST collapse into crazy chaos. Obviously, we are nearing the tipping points where the long ride UP is going to turn over into becoming a fast ride DOWN. One way or another, by definition, that requires new systems of death controls, as the ways that the limits to growth will necessarily manifest.

IF enough human beings understood enough, then theoretically we could transform the ways that money is backed by murder, and the debt controls were backed by the death controls, into better dynamic equilibria of human and industrial ecologies, which did not continue to so insanely ignore the environmental ecologies. However, that would take a prodigious series of political miracles, while continuing "business as usual," by appointing another committee of those who are deliberately ignorant that THEY ARE THE SOURCE of the problem, as EVIL MEN supervising "an evil system created by evil men" guarantees that the metastasizing cancer monetary systems automatically get worse, faster ...

There is nothing less than more radical understanding of human civilization as a general energy system that would be adequate to resolve these runaway problems, where the biggest of all bubbles is now the total human population and its activities based on strip-mining the planet's natural resources, "paid" for with "money" made out of nothing as debts. Such a radical understanding of general energy systems has to include understanding the degree to which the biggest bullies' bullshit social stories dominated everything, including the philosophy of science, so that most people are taught to understand everything backwards, because they are taught to look at the bizarro mirror world without understanding that everything appears backwards in that mirror.

The most abstract way in which that perverse inversion occurred was that an arbitrary minus sign was inserted into the entropy equations of thermodynamics and information theory. A more obvious way was how the meanings of the words "money" and "dollar" were gradually perverted and inverted. (Money used to mean metal coins, while a dollar was an amount of silver.)

The basis of the enforced frauds which are the currently established monetary system, with the central banks as the Kings of Fraud and the King of Kings of Fraud being the Bank of International Settlements, is that those are all ACTUALLY money backed by murder, which is done in ways where nobody making those decisions is accountable nor responsible for their decisions, except as how the profits from that are privatized, while the losses are socialized.

The central banksters are collectively a group of trillionaire mass murderers, who effectively control governments, in ways whereby those banksters are able to skim off the benefits, while dumping the costs onto everyone else. However, IF there were some series of political miracles, whereby enough of "We the People" stopped being Zombie Sheeple, then that would necessarily mean that they regained control over the monetary system, which would require that they regained control over the murder systems.

Of course, what I expect to happen instead is that the "evil system created by evil men" will continue to be controlled by committees of even more EVIL MEN, driving the runaway debt slavery systems to generate even worse debt insanities. Indeed, we are already way too far gone into terminal bubble blowing for anything within the established systems to prevent that from happening now. As far as I can tell, we are already headed towards the debt insanities provoking death insanities.

The only genuinely better resolutions to those problems would depend upon enough people understanding those problems better. However, AFTER the entrenched monetary system has already become runaway metastasizing cancers, in social situations where EVERYONE who has any "money" is attached to that degree to the problem, which IS that "money" itself being based on enforced frauds, it is hard to imagine anything else than the committees of foxes continuing to control the hen house, until they finally decide that mass culling of the chickens is the only viable solution left.

Sun, 09/14/2014 - 04:09 | 5215569 Four chan
Four chan's picture

ya gotta hand it to the rothschilds, like bin laden and 9-11 its one hell of a plan. 

 

100 years, to steal america, bankrupt its government, and enslave a free people to debt.

Sat, 09/13/2014 - 15:03 | 5214217 Dubaibanker
Dubaibanker's picture

Talking of bubble busters….

The three musketeer bankers who were brought in to bail out a bailed out bank in Portugal, which incidentally, was the largest company and the largest bank in Portugal, controlling over 20% of its banking assets, have also bailed out today.

If a billionaire could not control his own bank, after running it for decades, how can anyone else manage it and make sure the landing is smooth?

So much for the much needed stability in the Eurozone which is falling apart at it's seams despite Central banks standing behind them (according to ECB and Super Mario Draghi)

The three musketeer bankers said that their mandate has changed in 2 months....lol ...and the Central Bank of Portugal wanted them to sell the 'good bank' asap which target they apparently could not meet.

Bosses charged with rebuilding Portugal's BES bank quit after two months

Portugal's Novo Banco Management to Resign Over Mandate Change

Meanwhile, I cannot put my finger whether Austria will have a bank collapse next or will it be in Turkey? HSBC may exit from Canada too…Coutts International division with over USD 30bn in assets is on sale, in case anyone cares to buy? ;)

Austria Can’t Rescue Volksbanken With More Aid: Schelling

US economist says 'shocked' by anti-Bank Asya campaign

TD, RBC among buyers if HSBC sells Canada unit, analyst says 

RBS could split Coutts International to woo Asian buyers

Sat, 09/13/2014 - 14:39 | 5214215 SAT 800
SAT 800's picture

You couldn't make this stuff up; why don't they just appoint Corzine Futures Commision Chariman? It's like reading the National Onion.

Sat, 09/13/2014 - 14:45 | 5214229 Peter Pan
Peter Pan's picture

In other news, pedophiles open an orphanage for children.

Sat, 09/13/2014 - 14:58 | 5214248 john39
john39's picture

It has been that way for a long time. Where better for predators to hunt? Just look at jimmy savile and all his charities... Or Sandusky. Tip of the iceberg.

Sat, 09/13/2014 - 14:43 | 5214227 SAT 800
SAT 800's picture

WTF is he grinning about; that makes me nervous. That looks like my ex-oldladys "ha-ha, fucked you over again look".

Sat, 09/13/2014 - 15:00 | 5214250 john39
john39's picture

Par for the course for a dual citizen.

Sat, 09/13/2014 - 15:05 | 5214260 Sonic the porcupine
Sonic the porcupine's picture

I am going to start a committe to "Avoid the Sinking of the Titanic".

Sat, 09/13/2014 - 14:22 | 5214184 Smegley Wanxalot
Smegley Wanxalot's picture

. . . "They’re putting the varsity team on it"

So, that makes them more competent than ISIS, the JV team, right?

Sat, 09/13/2014 - 14:43 | 5214192 Peter Pan
Peter Pan's picture

Does anyone remember the child that lived in a bubble because contact with the outside world would kill him? Well that is us now because any contact with the free market and real justice would mean the end of things as we know them as real interest rates, liquidation of banks upon failure, and prison terms for breaking the law would once again become the norm.

Sat, 09/13/2014 - 14:56 | 5214246 Chris Jusset
Chris Jusset's picture

YES!

We're in a DOUBLE-BUBBLE:

1. The economy is in a bubble-boy type bubble because the Fed & Congress are doing everything possible to avoid contact with the free market and real justice; and

2. The economy exists only by blowing bubbles, reflating old bubbles, and inventing new bubbles.

Sat, 09/13/2014 - 18:55 | 5214688 janus
janus's picture

perhaps a touch gratuitous, but i just couldn't resist...

http://www.youtube.com/watch?v=LQzW73WRrYM

Q: who invaded spain in the eigth century?

A: da moops,

janus

Sat, 09/13/2014 - 14:29 | 5214194 ekm1
ekm1's picture

This is the committee in charge to choose sacrificial lambs like Lehman, bear Stearns, MFglobal

 

In reality, Stanley Fischer is de facto fed chairman, not yellen, same as timothy geithner was de facto fed chairman, not Bernanke 

 

 

Sat, 09/13/2014 - 14:36 | 5214213 geno-econ
geno-econ's picture

Stanley Fischer de facto citizen of Israel, not US ?  Perhaps de fault citizen is more accurate

Sat, 09/13/2014 - 14:47 | 5214233 Peter Pan
Peter Pan's picture

In Fischer's mind there is a difference between being a citizen and holding a passport.

Sat, 09/13/2014 - 15:00 | 5214254 ThroxxOfVron
ThroxxOfVron's picture

Committee to insure that no oligarchs of a particular ethnicity shall be harmed in the proposed overdue culling of insolvent financial institutions.

 

"In Fischer's mind there is a difference between being a citizen and holding a passport."

Many Globalists consider themselves nationless and exempt from any and all laws of any particular nation no matter what passport(s) they may or may not hold and many Zionists consider themselves citizens of Israel no matter what passport(s) they may or may not hold...

Sat, 09/13/2014 - 15:09 | 5214267 Anusocracy
Anusocracy's picture

Why would anyone care?

He's a POS wherever he has his claws sunk in.

Sat, 09/13/2014 - 18:18 | 5214610 JR
JR's picture

The key is who does Fischer serve?  With two citizenships we cannot trust him to put the interests of the United States first and that goes for the 41 members of Congress who hold U.S.-Israeli  dual citizenships. This is a sovereign country; it is not a government of the world. Fischer has proven by taken the position as head of Israel’s central bank that he doesn’t put US loyalty first. His idea is to be a part of world government. And, now, he is openly running the Fed...America's central bank, designed in 1910 by German banker Paul Warburg, a partner with Kuhn, Loeb & Co.

Sat, 09/13/2014 - 14:30 | 5214200 ebworthen
ebworthen's picture

“Meetings are indispensable when you don't want to do anything.”
John Kenneth Galbraith

Sat, 09/13/2014 - 14:48 | 5214235 Peter Pan
Peter Pan's picture

The best committees are those that have only two members and the best meetings are those where only one of the two turn up.

Sat, 09/13/2014 - 16:50 | 5214449 janus
janus's picture

"committees are collections of the incompetent, formed by the indifferent, to do the unnecessary."

J. Vernon Magee

Sat, 09/13/2014 - 14:33 | 5214204 Clowns on Acid
Clowns on Acid's picture

So does this mean I should be selling AAPL shares ?

Sat, 09/13/2014 - 14:40 | 5214220 SAT 800
SAT 800's picture

??? Damned if I know. LOL.

Sat, 09/13/2014 - 14:54 | 5214243 Peter Pan
Peter Pan's picture

Are you kidding? They even have a Rabbi called Rabbi Apple. I kid you not.

Sat, 09/13/2014 - 14:33 | 5214205 Caviar Emptor
Caviar Emptor's picture

As chairman of the bubble committee, I hereby declare that there are no bubbles. For further information, refer to the ministry of truth.

Sat, 09/13/2014 - 14:37 | 5214209 tawdzilla
tawdzilla's picture

"the Fed's committee for the prevention of asset bubbles"

That's a bit like saying "al qaedas committee on prevention of terrorism."

Sat, 09/13/2014 - 14:34 | 5214210 Batman11
Batman11's picture

How about a ruler, a pencil and a piece of graph paper.

Plot the asset price against time and use the ruler to guage the long term trend.

Any marked deviation above the ruler is a bubble.

 

Sat, 09/13/2014 - 14:43 | 5214225 Bell's 2 hearted
Bell's 2 hearted's picture

"reinforcing the Fed's efforts to avoid the emergence of asset-price bubbles."

 

haha

 

what is this?  an excuse to watch pr0n?  Just about every asset susceptible to bubbles left the launch pad long ago.

Sat, 09/13/2014 - 14:45 | 5214230 FieldingMellish
FieldingMellish's picture

Man's best work is always done by a committee.

 

/there is no sarc tag big enough...

Sat, 09/13/2014 - 15:04 | 5214257 Peter Pan
Peter Pan's picture

Time for a joke.

Four Jewish guys were playing poker at their club bouse when one of them slumped onto the table and died. They decided not to call an ambulance as it would not do any good and would only disrupt the game. Instead they continued to play buy standing up out of respect.

When they finished they drew straws to see who would go and tell Harry's wife about her husband's death. The task fell to Mosche and he was told to be gentle and diplomatic.

So Mosche goes to Harry's house and knocks on the door. The wife opens up and when she sees Mosche she says, "where's Harry?"

Mosche replies: Harry lost $500 and is too scared to come home.

The wife in an angry tone says: "tell Harry he can drop dead"

Mosche sheishly says: "OK, I'll go and tell him."

Sat, 09/13/2014 - 15:38 | 5214297 Dubaibanker
Dubaibanker's picture

Another one...

A rich Arab walks into a bar and is about to order a drink, when he sees a guy close by wearing a Jewish cap, a prayer shawl/tzitzis and traditional locks of hair.

He doesn't have to be an Einstein to know that this guy is Jewish.

 So, he shouts over to the bartender so loudly that everyone can hear, "Drinks for everyone in here, bartender, but not for the Jew over there."

Soon after the drinks have been handed out, the Jew gives him a big smile, waves at him, then says, "Thank you !" in an equally loud voice.

This infuriates the Arab.

 He once again loudly orders drinks for everyone except the Jew.

As before, this does not seem to bother the Jewish guy.

He continues to smile, and again yells, "Thank you !"

He does this once again for the third time, but not the Jew again.

The Arab gets real cranky so he asks the bartender,  " What the hell is the matter with that Jew ? I've ordered three rounds of drinks for everyone in the bar, all 100 of them but him, and all the silly bugger does is smile and thank me.  Is he nuts ? "

"Nope," replies the bartender.  "He owns the place."

Sat, 09/13/2014 - 19:11 | 5214734 Millivanilli
Millivanilli's picture

A priest an a rabbi walk by a playground.  The priest stops suddenly and says, "let's fuck one of those kids." And the rabbi responds, "Out of what?!"

Sat, 09/13/2014 - 14:49 | 5214236 PAWNMAN
PAWNMAN's picture

Another Wolf guarding the hen house.

Sat, 09/13/2014 - 17:14 | 5214490 RichardParker
RichardParker's picture

Pawnman; +1

This is no different than putting a mound of coke in front of a coke ahead.

Sat, 09/13/2014 - 14:54 | 5214244 KickIce
KickIce's picture

Way to close gate when the horse is five miles down the road.

Sat, 09/13/2014 - 15:00 | 5214252 B2u
B2u's picture

How about ending the FED?  Once the FED is  history it cannot create more bubbles.

Sat, 09/13/2014 - 15:07 | 5214264 flyonmywall
flyonmywall's picture

“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” - Upton Sinclair.

This guy gets paid to continue the status quo, at all costs. The committee and everything else is just windowdressing.

 

Sat, 09/13/2014 - 15:26 | 5214286 Downtoolong
Downtoolong's picture

One more in a long string of efforts by the Fed to convince everyone they have everything under control, and that things are happening which aren't really happening.

The Ministry of Bankster Propaganda seems to be getting desperate. 

Sat, 09/13/2014 - 15:21 | 5214273 crazytechnician
crazytechnician's picture

I hope it does not include butts.

www.youtube.com/watch?v=reTx5sqvVJ4

Sat, 09/13/2014 - 15:18 | 5214275 Bluntly Put
Bluntly Put's picture
Bubble 6:  the condition of being at risk of exclusion or replacement (as from a tournament) —usually used in the phrase on the bubble http://www.merriam-webster.com/dictionary/bubble .
Sat, 09/13/2014 - 15:22 | 5214279 Tenshin Headache
Tenshin Headache's picture

OT: Now it's getting ridiculous. The moderate Syrian rebels have inked a non-aggression pact with ISIS.

http://www.huffingtonpost.com/2014/09/12/isis-deal-syria_n_5814128.html

Sat, 09/13/2014 - 15:59 | 5214280 RaceToTheBottom
RaceToTheBottom's picture

You knew this was going to happen when Fischer did not become BernankeII or GreenspamIII and instead the role was determined to require a grandmotherly Bankster to try and regroup some public trust in the FED Bankster role.

Fischer will run this group with a role that starts where the London Fix left off.

Fiat FEDs number one enemy is GOLD and PMs.  They will fight that to the death.  Gold is the ANTI FED or the ANTI FIAT, take your choice.

Sat, 09/13/2014 - 16:01 | 5214343 lotsoffun
lotsoffun's picture

a yiddish yo granmamma nevertheless.

 

Sat, 09/13/2014 - 15:24 | 5214282 joego1
joego1's picture

I hope they choke on their I stock.

Sat, 09/13/2014 - 15:48 | 5214316 DOGGONE
DOGGONE's picture

The MAIN ENABLER of sizable asset price bubbles is keeping the real price histories rarely seen by the people -- such as
http://www.showrealhist.com/RHandRD.html

SO!!! Keep the real histories well known/apparent.

Sat, 09/13/2014 - 16:04 | 5214350 geno-econ
geno-econ's picture

Agenda for first Fed Bubble Committee meeting.

College loan bubble                              Income disparaty bubble

Auto sub prime bubble                          Derivatives bubble

Military expenditure bubble                   Bond bubble

Pension bubble                                    Reverse mortgage/home equity bubble

Interest rate bubble                             TBTF bubble                                                         

Healthcare cost bubble                         Wall St stockmarket bubble

Lost middleclass jobs bubble                Border immigration bubble

Drug abuse bubble                              Japan bubble

Middle East bubble                              EU bubble

Adojurnment for Bubble Bath with Janet Yellen and Stanley Fischer

Sat, 09/13/2014 - 16:23 | 5214395 ilw4e
ilw4e's picture

So you ask the people who blew up the bubble to avoid asset bubble......

WTF is wrong with this world? Are we in the age of stupidity?

Sat, 09/13/2014 - 16:26 | 5214400 Chuck Knoblauch
Chuck Knoblauch's picture

He's going to look different at the end of a rope.

Sat, 09/13/2014 - 16:40 | 5214431 q99x2
q99x2's picture

Bankers are thieves. I do not believe anything they do or say. Arrest them. Throw them into prisons. Tar and feather them. Tell them you do not love them. Make them go away.

Sat, 09/13/2014 - 16:45 | 5214436 Fuku Ben
Fuku Ben's picture

Hope you're all prepared for when they lose complete control of their failing grip on the control grid and let loose the dogs of war globally

Sat, 09/13/2014 - 16:48 | 5214440 JR
JR's picture

When the last shred of the free market is blown away, Stanley Fischer will pull the trigger. For it is clear that he’s a man with a mission in this final battle of the people versus the banks, and redesigning the American culture to fit the Jewish agenda. All pretense of freedom is on the table.

Finally, the Jewish core of this story, by someone, needs to be told, for the media talking heads refuse to tell the truth about why the US is waning.

Stanley Fischer, who is one of the most highly-connected economic insiders in the world and the holder of dual Israeli-US passports, is the last straw that will break the back of the American middle class.

How bad is the web of Jewish nepotism policy that blackballs non-Jewish Americans from most positions of power and authority in their own culture, their own economy and their own government?

Stanley Fischer’s son, David, is an example of just how small this circle is and how deep its control penetrates America.

Stanley's son, David Fischer, a former Google vice president for online sales and operations (one of top five executives at Google), is now top Facebook vice president for marketing.

At the US Treasury David Fischer worked with Sheryl Sandberg (now Facebook COO) who was then chief of staff to Treasury Secretary Larry Summers. David followed Sheryl to Google in 2002 and now to Facebook. David, along with Facebook founder Mark Zuckerberg and other Facebook executives is a key player in expanding Israeli Facebook ties and ad revenue.

Most recently, writes book reviewer Michael Timmons, “Facebook Chief Operating Officer Sheryl Sandberg appointed herself as the ‘pom-pom girl for feminism’“ in her best-selling book, Lean In: Women, Work, & the Will to Lead.” And though she claims women are oppressed, she has been far from oppressed herself, enjoying the benefits of ethnic favoritism from Larry Summers to Mark Zuckerberg.

In short, it’s just one big happy Jewish family bossing America around.

Sandberg has used her ethnic connections and visible platform at Google and Facebook to promote her gender ideology through digital media.

Writes Timmons, “In 2005, she founded the Women@Google speaker series and invited Gloria Steinem to deliver the first address… She has used her fame and power to encourage women to date promiscuously before choosing a submissive “partner.”

Wrote Sandberg: “My generation grew up watching our mothers do the child care and housework while our fathers earned the wages. It’s too easy for us to get stuck in these patterns…the sooner we break the cycle, the faster we will reach greater equality.”

This self-proclaimed “pom-pom woman for feminism” is married to David Goldberg and the couple has two children. Timmons continues ( here are excerpts):

“Sandberg began her path to business success at Harvard, where she made the powerful contacts that have paved her way to success in her career. Earlier this year, she launched the ‘Ban Bossy’ campaign as part of her media effort to promote gender ideology to American women and make them feel less guilty about neglecting domestic life for their careers. Sandberg’s ultimate goal is to combine the style of Steinem and Friedan to reach more women and spread the subversive ideas of Jewish feminism throughout modern society.

“Last year, Forbes ranked Sheryl Sandberg sixth on their list of the most powerful women in the world.

“Since graduating from Harvard in 1995, she has held position as the Chief of Staff of the United States Secretary of the Treasury, Vice President of Global Online Sales for Google, and currently holds the Chief Operating Officer position at Facebook. Meanwhile, she has also been on the board of directors for Starbucks and the Walt Disney Company.

“In other words, she attended an Ivy League university, was quickly appointed to a powerful position in the federal government, and has worked as an executive in several of the largest corporations in the world.

“Therefore, Sandberg can hardly argue that she has ever been legitimately oppressed or discriminated against. In fact, she has been offered employment positions on the basis of personal connections and enjoyed the advantages of favoritism…”

Sandberg attended and graduated North Miami Beach High School, a large public school with a questionable educational standards. Yet, she was accepted at Harvard University and enrolled in the fall of 1987.

Writes Timmons: “”Sandberg admitted she was entirely overwhelmed at Harvard: ‘Freshman year of college was a huge shock for me…[M]y professor of political philosophy assigned a five-page paper. I was panicked. Five whole pages! I had only written one paper that length in high school, and it was a year-long project. How could anyone write five pages in just one week? I stayed in every night, plugging away, and based on the time I put in, I should have gotten an A for effort. I got a C. It is virtually impossible to get a C at Harvard if the assignment is turned in. I am not exaggerating; this was the equivalent of a failing grade.’

“Sandberg recognized she was unqualified for Harvard and learned the reason she was admitted to the school:

“‘I went to see my dorm proctor, who worked for the admissions office. She told me that I had been admitted to Harvard for my personality, not my academic potential. Very comforting. I buckled down, worked harder, and by the end of the semester, I learned how to write five-page papers. But no matter how well I did academically, I always felt like I was about to get caught for not really knowing anything.’

“In other worlds,” writes Timmons, “her application would have been rejected if she were not a Jewish women….

“She also chose to study economics because ‘grades at Harvard Business School are based 50 percent on class participation.’

“Sandberg also developed a personal relationship with Larry Summer, a renowned Jewish faculty member who eventually advancer her profession career: ‘I’ve been lucky to have strong mentors and sponsor over the course of my career… During my junior years of college, I took Larry Summers’s public sector economics class. He offered to supervise my senior thesis, something very few Harvard professors volunteer to do for undergraduates. Larry has been a part of my life every since.’”

(Never mind, of course, that Sandberg physically  is a very attractive woman.)

Says Timmons: “Sandberg’s close relationship with Summers began at Harvard and led to her appointment as the Chief of Staff when he became the United States Secretary of the Treasury under President Clinton. Summers supervised Sandberg’s ‘senior thesis on the economics of spousal abuse.’ In 1991, Summers left Harvard to work for the World Bank and hired Sandberg…

In 1995, Summers accepted a federal government position in the United States Department  of the Treasury and again asked Sandberg to work for him…

“’At first, I served as his special assistant. Then, when he was named secretary [of the treasury], I became his chief of staff. My job consisted of helping Larry manage the operations of the department and its $14 billion budget…at both a national and international level…’

“’When President Clinton’s administration ended, I was out of a job and decided to move to Silicon Valley.  In retrospect, this seems like a shrewd move...’

In Silicon Valley, “Sandberg met Larry Page and Sergey Brin, two Jewish businessmen who had created an online search engine they had named ‘Google.’  Their company was growing in popularity and they were searching for a Vice President of Global Online Sales who could help them convert web traffic into profit.  Sandberg wrote: ‘After several rounds of interviews with Google’s founder, they offered me a job.’ Interestingly, Sandberg admitted in her book that Page and Brin ‘hired me at Google despite my complete lack of any relevant experience.’ Six years later, Sandberg left Google after she was offered the Chief Operating Officer position at Facebook by another Jewish entrepreneur, Mark Zuckerberg.”

As Maureen Dowd claimed in her New York Times article, “Pompom Girl for Feminist,” “Sandberg may have caught the fever to change the world from Mark Zuckerberg, or come by it genetically” through her Jewish background and suggested she is out of touch with the average woman. Wrote Dowd:

“Noting that her Facebook page for ‘Lean In’ looks more like an ego wall with ‘deep thoughts,’ critics argue that her unique perch as a mogul with the world’s best husband to boot makes her tone-deaf to the problems average women face as they struggle to make ends meet in a rough economy, while taking care of kids, aging parents and housework.”

http://www.nytimes.com/2013/02/24/opinion/sunday/dowd-pompom-girl-for-feminism.html?_r=0

Concludes Timmons: "In the meantime, Sheryl Sandberg, the ‘PowerPoint Pied Piper in Prada ankle boots,’ gets to define what it means to be a woman in the modern world,” while Stanley Fischer will monitor our “financial stablility.” God knows what David will be doing.

Sat, 09/13/2014 - 17:16 | 5214494 cart00ner
cart00ner's picture

Look at the picture of this dude... "He who smiles in a crisis has found someone to blame." Comes to mind.

Sat, 09/13/2014 - 17:26 | 5214510 vote_libertaria...
vote_libertarian_party's picture

Too funny, it is like Captain Renault in Casablance looking to root out gambling in the bar.

Sat, 09/13/2014 - 19:15 | 5214754 starman
starman's picture

Bubbles ? What bubbles? 

 

Sarc

Sat, 09/13/2014 - 21:38 | 5215164 JR
JR's picture

And it is not a bubble outlook committee; it's a bubble sustaining committee.

Sat, 09/13/2014 - 20:26 | 5214959 artytom
artytom's picture

Israel in charge of the FED is a lot scarier than ISIS.

Sun, 09/14/2014 - 00:32 | 5215421 Grouchy Marx
Grouchy Marx's picture

In other news, the Senate announces a committee to end cronyism...

Sun, 09/14/2014 - 09:40 | 5215794 Danno Anderson
Danno Anderson's picture
2014 http://www.federalreserve.gov/newsevents/speech/fischer20140811a.htm 

Stanley Fischer gave a recent speech in Stockholm, Sweden and said at the outset that this was his personal outlook, not US policy. Nevertheless we better pay attention and try to anticipate what is really going on here. 

Stanley Fischer has dual US-Israel citizenship and was formerly head of the Bank of Israel, which is the central bank of that country. He now lives in San Francisco. 

1. Stanley Fischer uses IMF stats like "The IMF expects global growth to reach 4 percent next year." 4% lol and PIGS can fly too. The IMF employs over 2000 economists and have never looked forward and anticipated anything correctly, IMO. 

2. While Barack (citizen of the world) Hussein Obama and Janet Yellen proclaim the US economy is doing great, Stanley Fischer says both the US economy and the world's economy are disappointing. So he's not parroting the partly line, yet has been appointed chief of some new policy committee.. hhhmmm Is he going to be the new 'fall on his sword" guy with bad news or what the devil is going on here ? Should we be getting ready for new drastic government intervention or what ? 

3. Stanley Fischer "This pattern of disappointment and downward revision sets up the first, and the basic, challenge on the list of issues policymakers face in moving ahead: restoring growth, if that is possible."  If that is possible huh ? The US economy has recovered for Banksters, government bureaucrats, farmers, the oil industry and military sales. Everybody else is still waiting contrary to the proclamations from Obama, Yellen and so many others. 

4. Stanley Fischer "The difficulty in disentangling demand and supply factors makes the job of the monetary policymaker especially hard.." I've got a revelation for you Stanley, it's really simple. As Pat Buchanan and Ross Perot and even ol Danno stated 20 years ago, NAFTA (North American Free Trade Agreement) courtesy of Bill Clinton's great mind, has been a disaster for the Amerikan working stiffs and most of the US economy. 
If a country consumes more than it produces, it becomes poorer. Simple. Period. 

5. Stanley Fischer "but it would be better to understand why growth has been so slow without experiencing either a run up in inflation or a descent into deflation." Answer: The newly created money all stayed at the top with your buddies the Banksters and you know it, you lying bastard. 

6. Stanley Fischer "The stance of U.S. fiscal policy in recent years constituted a significant drag on growth as the large budget deficit was reduced." Stanley Fischer have you no shame ? I know that you know, the US budget deficit is larger than ever and is spinning out of control. So this is why you gave this speech in Sweden instead of the US, lol. 

7. Stanley Fischer "The considerable slowdown in the growth rate of labor supply observed over the past decade is a source of concern for the prospects of U.S. output growth." ROTFLMAO not enough workers in the US, you liar. Maybe this is why Barack citizen of the world Obama is importing all those immigrants from south of the US border. lol 

8. Stanley Fischer "More than six years later, policymakers around the globe have made substantial progress in strengthening the financial system and reducing the probability of future financial crises." Oh yeah, with the US national debt, we're gonna see about that real soon. And all the rest of the world's ponzi scheme debt too. 

9. Stanley Fischer "In summary, considerable progress has been made in strengthening bank capital and liquidity" "I consider quantitative easing to have been largely successful,"   While the NYC Banksters have been looting the system for a fortune, over two thousand local banks in the US have failed in the last six years.

Sun, 09/14/2014 - 10:38 | 5215923 JR
JR's picture

Bravo, Danno. You’ve stripped Fischer bare, and he’s not a pretty picture. Your analysis of Fischer’s speech is a glaring expose of the political spin and cover up by the banker-owned MSM of the debt crisis sinking America.  The hidden manipulators, out of desperation, have been forced into the open.

It’s time to hunt them down. And your shot was a bullseye. Keep firing!

Stanley’s lies are the final act in the Fall of the U.S. Dollar. And as the dollar goes, so goes the Fed’s” new world order” because its dream of a world reserve currency, the IMf/SDR, is now dead.

Freelancer Bill White writes in an AFP article subtitled "Swiss banks jump on China's yuan bandwagon":

Before 2009, when China began this push for a strategy to limit U.S. world influence and help present an alternative to Bretton Woods, “most currency transaction went through the Federal Reserve, with the IMF providing loans to support national currencies. Among other things this meant the U.S. could isolate nations by denying them access to the Federal Reserve System to clear international transactions, a tactic recently used against Iran.

“Under China’s new regime, countries could continue trade with China and theoretically with nations in China’s exchange network, even if access to the U.S. banking system was terminated.”

Now, China, Russia, Brazil, India and South America have launched a new development bank and currency reserve to provide these small nations an alternative to the “World Bank/IMF system.”

Would that Americans had that choice of a debt-free system whereby, as White suggests, the nation spends money into existence, not one whereby money only comes into existence when it is lent by the international bankers, the Fed.

Ron Paul says prepare for collapse:

“The Federal Reserve’s global hegemony is crumbling. The lines are being drawn by the new BRICS banks, and we as a people need to prepare for the coming banking collapse.

“WE[‘re closer to that point where there may be a precipitous fall (in the dollar). The dollar has already lost 99 percent of its value, what if you lose the rest of it or 100 percent… that’s a big deal. If you look at all the currency destructions around the world, the end stages go rapidly.”

Stanley Fischer has the face of collapse. Stanley Fischer, poster boy for Liar, Liar, Pants on Fire!

Sun, 09/14/2014 - 12:43 | 5216319 moneybots
moneybots's picture
Meet The Bubblebusters: Federal Reserve Launches A Committee To "Avoid Asset Bubbles"

 

That is quite a joke.

Sun, 09/14/2014 - 12:46 | 5216335 moneybots
moneybots's picture

"Fed officials want to ensure that six years of near-zero interest rates don’t lead to a repeat of the excessive risk-taking that fanned the U.S. housing boom and subsequent financial crisis."

 

Another good joke.

Sun, 09/14/2014 - 12:54 | 5216362 moneybots
moneybots's picture

"the bubble probably needs to continue in order to sustain the current global financial system" 

"reinforcing the Fed's efforts to avoid the emergence of asset-price bubbles."

 

Too late.

Sun, 09/14/2014 - 13:46 | 5216497 theyjustcantstop
theyjustcantstop's picture

fischer was hired for the same reason they hired o'bama, to continue, if not fulfill the fundamental change of america, and both have security nets, o'bamas half black, and fischer has a passport.

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