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Title: Obama nominates former governor of Bank of Israel as Fed vice chairman
Source: [None]
URL Source: [None]
Published: Jan 10, 2014
Author: staff
Post Date: 2014-01-10 22:39:15 by Tatarewicz
Keywords: None
Views: 133
Comments: 9

WASHINGTON, Jan. 10 (Xinhua) -- U.S. President Barack Obama on Friday nominated Stanley Fischer, the former governor of the Bank of Israel, as vice chairman of the Federal Reserve, the latest move to reshape the seven-member Fed Board.

If confirmed by the U.S. Senate, Fischer will succeed the Fed's vice chair Janet Yellen, who will replace Fed chairman Ben Bernanke to take the helm of the central bank in February.

Fischer "is widely acknowledged as one of the world's leading and most experienced economic policy minds and I'm grateful he has agreed to take on this new role and I am confident that he and Janet Yellen will make a great team", Obama said in a statement.

Obama also nominated Lael Brainard, former U.S. treasury undersecretary for international affairs, to serve as a Fed governor and renominated the current Fed governor Jerome Powell for a second term.

"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," said the president.

The three nominations, which are subject to confirmation by the Senate, will fill three openings on the seven-member Fed Board. This move came at a delicate moment when the Fed has just begun gradually normalizing its monetary policy as the U.S. economy picked up in recent months.

In December, the Fed announced that it would start in January to taper its purchases of Treasury and mortgage-backed debt to a pace of 75 billion dollars a month from 85 billion dollars a month.

However, many economists have expressed concerns that there could be significant spillover effects and unintended consequences as the Fed planned to unwind its massive monetary stimulus program, which triggered turbulence in emerging markets last summer. Analysts believed the veteran central banker and influential economist Fischer could bring much-needed experience of crisis management to the Fed and help relieve investors concerns.

Fischer, 70, who has dual citizenship of the U.S. and Israel, served as the Governor of the Bank of Israel from 2005 to 2013, where he successfully navigated Israel's economy through the global financial crisis.

Prior to joining the Bank of Israel, Fischer was vice chairman of Citigroup from 2002 to 2005. From 1994 to 2001, he served as the First Deputy Managing Director of the International Monetary Fund, where he addressed the Asian, Russian, Brazilian and other financial crisis of the late 1990s.

Before that Fischer was an economics professor at the Massachusetts Institute of Technology in the 1970s and 1980s, where he taught a number of the world's top policy makers in international economics, including Fed Chairman Ben Bernanke and European Central Bank President Mario Draghi.


Poster Comment:

How's that for a "surprise" announcement from, the WH!

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#1. To: Tatarewicz (#0)

Fischer was born into a Jewish family in Mazabuka, Northern Rhodesia (now Zambia). When he was 13, his family moved to Southern Rhodesia (now Zimbabwe), where he became active in the Habonim Zionist youth movement. In 1960, he visited Israel as part of a winter program for youth leaders, and studied Hebrew at kibbutz Ma'agan Michael. He had originally planned to study at the Hebrew University of Jerusalem, but went to the United Kingdom to study after receiving a scholarship from the London School of Economics, and obtained his B.Sc. and M.Sc. in economics from 1962–1966. Fischer then moved to the United States to study at MIT, and earned a Ph.D. in economics in 1969. In the early 1970s, Fischer worked as an associate professor at the University of Chicago. He became an American citizen in 1976.

I was 26 years old and had done a tour in Vietnam before this kike even became a citizen. Why is it that these foreign invaders have complete control over our economy, which is straining to support Israeli agendas around the world while Americans are being tossed from their jobs, their homes and the culture is being destroyed.

Fuck Obama, fuck Fischer, and fuck all Israeli dual citizens. Surely, this is some sort of sick joke and Americans will remove the scales from their eyes.

"A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circlue of our felicities.

Thomas Jefferson

noone222  posted on  2014-01-11   7:22:33 ET  Reply   Trace   Private Reply  


#2. To: All (#1)

He is a member of the Bilderberg Group and attended the Swiss 2011 Bilderberg conference in St. Moritz, Switzerland.[22]

"A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circlue of our felicities.

Thomas Jefferson

noone222  posted on  2014-01-11   7:24:41 ET  Reply   Trace   Private Reply  


#3. To: Tatarewicz (#0)

New York, September 28th 2009 - Global Finance magazine (website: www.gfmag.com) has named the heads of the central banks of six countries—plus the European Central Bank president--as the world’s best central bankers over the past year.

"A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circlue of our felicities.

Thomas Jefferson

noone222  posted on  2014-01-11   7:35:18 ET  (1 image) Reply   Trace   Private Reply  


#4. To: noone222, Tatarewicz (#1)

Why is it that these foreign invaders have complete control over our economy, which is straining to support Israeli agendas around the world while Americans are being tossed from their jobs, their homes and the culture is being destroyed.

Because Christianity is rife with connections to Judaic culture, and American leftists are heavily influenced by Jewish thought. For the American left and right, Jewish or Zionist aims are continuously inserted ahead of other priorities.

The damage is done.

Deasy  posted on  2014-01-11   8:31:11 ET  Reply   Trace   Private Reply  


#5. To: Tatarewicz (#0)

To be frank I was surprised at the Yellen nomination but I find this new move to put a man in place , in lock step with their type of thinking.

______________________________________

Suspect all media / resist bad propaganda/Learn NLP everyday everyway ;) If you don't control your mind someone else will.

titorite  posted on  2014-01-11   12:14:12 ET  Reply   Trace   Private Reply  


#6. To: noone222 (#1) (Edited)

Why is it that these foreign invaders have complete control over our economy

They've found from past experience that this abstruse way of siphoning wealth from capable producers is the best way to survive. Being short in stamina and cognitatively impaired due to centuries of isolationist inbreeding they, in the past, had to steal to survive but this led to pogroms to get them out of "town." Subsequent intermarriage, public education, better nutrition, job opportunities has enabled them to survive "competitively" but the culture of pulling a fast one continues.

An "A" for Fischer-Israel banking not hard to achieve with a $3-billion annual grant from US taxpayers plus who knows how much from corporations Jews have "infiltrated."

Tatarewicz  posted on  2014-01-11   23:50:49 ET  Reply   Trace   Private Reply  


#7. To: Deasy (#4)

Because Christianity is rife with connections to Judaic culture, and American leftists are heavily influenced by Jewish thought.

Education is the key. Modern day Christians are being propagandized by their pulpit prostitutes and hypocrits.

I might be a Christian but that doesn't mean I buy the lie regarding the so- called Jews, that are not Israelites or Hebrews, but scum that oozed out of Babylon.

"A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circlue of our felicities.

Thomas Jefferson

noone222  posted on  2014-01-14   13:44:16 ET  Reply   Trace   Private Reply  


#8. To: noone222 (#7)

I think individual Chistians can practice monotheism in a faith rooted in old testament tradition without assuming their beliefs are universally and inherently superior to all others. Some Christians can unlink the faith from its Jewish roots. Some Europeans can practice a faith in Christ while maintaining a connection to their origins, nature around them and their unique cultural heritage.

The fact is, universal humanism is rooted in the notion that one god links all mankind into a common basis of morality. The only remaining task is to determine what that morality is for all others. For most Christians, this is a simple task: read whichever book considered to be the accepted text by the relevant sect, or ask the clergy.

There is no denying the iconoclasm of Christianity's monotheistic roots.

When another group goes beyond the pale, fire bombs and nuclear weapons are available to protect the faithful.

Deasy  posted on  2014-01-14   23:25:30 ET  Reply   Trace   Private Reply  


#9. To: Deasy (#8)

I think individual Chistians can practice monotheism in a faith rooted in old testament tradition without assuming their beliefs are universally and inherently superior to all others.

I couldn't agree more. Reductionism has man thinking he can invent God to suit himself, and in many cases impose that self-invented God on others. It's my opinion that God doesn't need man to evangelize the world with guns and bombs if he needs man to evangelise at all.

"A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circlue of our felicities.

Thomas Jefferson

noone222  posted on  2014-01-20   7:47:40 ET  Reply   Trace   Private Reply  


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