GuyFox
15th June 2014, 08:36
Why The Fed's New Vice Chairman Will Be A Disaster For the U.S. Economy
Forbes.com -
http://i273.photobucket.com/albums/jj235/jimolsen2/stanley_fischer_zps9f11cb4a.jpg (http://s273.photobucket.com/user/jimolsen2/media/stanley_fischer_zps9f11cb4a.jpg.html)
The U.S. Senate finally confirmed former Bank of Israel governor Stanley Fischer as vice chairman of the Federal Reserve on Thursday. As the second-most influential Fed board member, Fischer will play a key role in advising and assisting Fed chairwoman Janet Yellen. While many in the international economics community cheer Stanley Fischer’s appointment to the Fed, I view it as a disaster waiting to happen because of his role as the main architect of Israel’s little-known and still-unpopped bubble economy.
. . .
During his tenure as governor of the Bank of Israel from 2005 to 2013, Stanley Fischer’s New Keynesian policies caused the country’s M1 money supply to surge by an astounding 250 percent:
http://blogs-images.forbes.com/jessecolombo/files/2014/06/israel-money-supply-m1.png
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Why, please, another person of Jewish background! And an Israeli!
Jews are 2-3% of our population?
What happened to the virtues of "ethnic diversity" that we are always hearing about from left wingers, and many Jews?
Have we no competent gentile financiers in this country?
Why wasn't this IMPORTANT ISSUE discussed by the inept and corrupt gangsters who sit in Congress.
It may be time to "Brat" them out - the whole corrupt mob of them, and then: END THE FED!
Forbes.com -
http://i273.photobucket.com/albums/jj235/jimolsen2/stanley_fischer_zps9f11cb4a.jpg (http://s273.photobucket.com/user/jimolsen2/media/stanley_fischer_zps9f11cb4a.jpg.html)
The U.S. Senate finally confirmed former Bank of Israel governor Stanley Fischer as vice chairman of the Federal Reserve on Thursday. As the second-most influential Fed board member, Fischer will play a key role in advising and assisting Fed chairwoman Janet Yellen. While many in the international economics community cheer Stanley Fischer’s appointment to the Fed, I view it as a disaster waiting to happen because of his role as the main architect of Israel’s little-known and still-unpopped bubble economy.
. . .
During his tenure as governor of the Bank of Israel from 2005 to 2013, Stanley Fischer’s New Keynesian policies caused the country’s M1 money supply to surge by an astounding 250 percent:
http://blogs-images.forbes.com/jessecolombo/files/2014/06/israel-money-supply-m1.png
=== ===
Why, please, another person of Jewish background! And an Israeli!
Jews are 2-3% of our population?
What happened to the virtues of "ethnic diversity" that we are always hearing about from left wingers, and many Jews?
Have we no competent gentile financiers in this country?
Why wasn't this IMPORTANT ISSUE discussed by the inept and corrupt gangsters who sit in Congress.
It may be time to "Brat" them out - the whole corrupt mob of them, and then: END THE FED!