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Stanley Fischer…now on Board of Governors! What could this mean?

May 29, 2014

Stanley “Stan” Fischer (Hebrewסטנלי פישר‎; born October 15, 1943) is an economist. Born in Northern Rhodesia (nowZambia), he holds dual citizenship in Israel and the United States.[1] He served as governor of the Bank of Israel from 2005 to 2013. He previously served as chief economist at the World Bank.[2] On January 10, 2014, United States President Barack Obama nominated Fischer to be Vice-Chairman of the US Federal Reserve System.[3]He is a member of the Bilderberg Group and attended the Swiss 2011 Bilderberg conference in St. MoritzSwitzerland.[24] He is also a Distinguished Fellow in the Council on Foreign Relations (CFR).

Stanley Fischer and Ben Bernanke appear to be of the same philosophical ‘cloth’. Both are ‘dye hard’ Keynesians!

After reviewing some of the history and philosophy of Stanley Fischer, I would view him as a strong Keynesian with a flexible philosophy which changes with new evidence and new data. His mentor was another Keynesian by the name of Franklin Fisher, an economist at MIT. Ben Bernanke, Paul Krugman, Paul Samuelson, and Milton Friedman were additional colleagues/mentors for Stan. His speciality within economics is on the issues of ‘sticky’ prices and general ‘stickiness’ of change within the marketplace. He did make some changes in Israel’s economy which turned out positive (including increasing interest rates). He desired to be the head of the IMF after the resignation of Dominique StraussKahn but his age (he is soon 71) prevented him from getting this position.

Mr. Fischer is now on the Board of Seven and could be Vice Chairman (under Janet Yellen) when approved by our Senate for this role. His influence on the Board could be profound as he has all the ‘bells and whistles’ to take a leadership role within the hierarchy of decision-making. My sense is that he will preside over a Fed which will be mostly ineffective with their policy actions going forward. Our economy is heading for deflation and a market crash/collapse within the next two years or less. His theory on ‘sticky’ prices could become unhinged in the very near future. Prices are now expressed in virtual units (called our digital dollar) and this unit is metaphysical at its core. Does Stan understand the nature of our currencies (globally) and their imaginary foundation? We will need to wait and watch!

Central Planners at the IMF Research Conference (Larry Summers, Oliver Blanchard, Ken Rogoff, Stanley Fischer, and Ben Bernanke). Has historical Capitalism been replaced with Central Planning?

The organization which we call the FED is really a private entity (legally). Decision-making is independent of our elected representatives with a weak oversight by our Congress on prior policy decisions. The Fed Chairman reports to Congress but operationally it is independent and follows its own agenda. The Fed receives no funds from our Congress (government) as they don’t need our funds. The Fed collects ‘interest’ on its asset purchases and this revenue much exceeds its operating expenses. All the QE dollars which our Fed has created (some $3.5 trillion) provides the Fed with additional revenue (interest income) on these asset purchases. This Ponzi Scheme policy allows the Fed (a private entity legally) to survive and prosper without any tax-payer funds.

Our Congress continues to avoid a real audit of this entity which we call the Federal Reserve System. Why?

Our un-American Fed started in 1913 with an ACT of Congress, under the Wilson Administration. The Federal Reserve Act created this fraudulent entity which contradicts the Law of our Land (our Constitution). Read the history of this fraudulent legislation in the book written by G. Edward Griffin or watch this video:   After 100 years of operation, none of the goals of monetary policy have been achieved under this Centralized monstrosity. Our metaphysical dollar has declined in value some 97% since this entity was established. Today, we have essentially a cartel of money interests (which we call Crony Capitalism) which influence and protect their interests via this independent entity. Think about the TBTF banks (J.P. Morgan Chase, Citi, Bank of America, Goldman Sachs, etc.) along with some 19-21 primary Dealers.

The Fed now desires to expand their reach and influence by adding additional SIFI (Systemically Important Financial Institutions) to their TBTF grouping so that they can control and dominate macro-prudential regulations over our economy. Does any of this sound like Free Market Capitalism? What is the inner private agenda of this independent organization? How is the Fed connected to the greater market of global Central Banks and global Financial Institutions (like the BIS, IMF, WB, ECB, PBOC, BofE, etc.). Are we headed for a global financial dictatorship over our global economy? Where is all this Centralization of decision-making leading? What happened to the Decentralized Free Market System of Thomas Jefferson and our other Founding Fathers? Does Stanley Fischer have any loyalty to our Founding Principles and the American people? What about the other Board of Governors? Give this missive some reflection at your leisure. Enjoy! I am:

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