Copyright, Roberta Kelly 01/15/14, 9HousesCultivation, |
1-14-14
........
It's
official. A White
House statement
headlined "President Obama Announces his Intent to Nominate Three
to Serve on the Board of Governors of the Federal Reserve System."
Nominees
include Stanley Fischer as vice chairman, Lael Brainard as governor,
and Jerome Powell for a second term as governor.
None
deserve appointments to local school or other municipal boards.
Giving Wall Street favorites money creation power is
unconstitutional.
A
recent article discussed 100 years of financial terrorism. Monied
interests run things. They operate lawlessly.
They're
self-serving. They're predatory crooks. They benefit at the expense
of most Americans.
Their
record is deplorable. It includes grand theft, rampant speculation,
market rigging, booms, busts, inflation, deflation, instability,
crises, recessions, depressions, deprivation and despair.
Returning
money power to public hands where it belongs is essential. Not as
long as corrupt politicians work in league with Wall Street. Not as
long as they benefit by doing so.
Obama's
announcement made saints out of scoundrels. He lied, saying:
"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."
"Stanley
Fischer brings decades of leadership and expertise from various
roles, including serving at the International Monetary Fund and the
Bank of Israel."
"He
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."
"Lael
Brainard has served as one of my top and most trusted international
economic advisors during a challenging time not just at home, but for
our global economy as well, and her knowledge of international
monetary and economic issues will be an important addition to the
Fed."
"I'm
also thankful that Jerome Powell, who has proven to be an effective
and wise voice at the Fed, has agreed to serve a second term. I'm
confident that these individuals will serve their country well."
For
sure they're self-serving. They serve Wall Street. They serve other
corporate interests. They serve America's super-rich. They serve
corrupt politicians.
They
do it at the expense of popular interests. They wreck economic
conditions. They do it to enrich bankers. It's longstanding practice.
It's
been ongoing for over 100 years. It's much worse now than ever. Fed
governors are appointed to steal. Multi-trillions of dollars are
involved.
Wall
Street never had it so good. Casino capitalism flourishes. Grand
theft is greater than ever. Class warfare harms ordinary people.
A
handful of powerful winners hurts most others. Wealth disparity is
more extreme than ever. Exploiting ordinary people for profit is
official policy.
Bipartisan
complicity endorses what demands condemnation. Obama is a bought and
paid for Wall Street tool.
No
one ascends to the nation's highest office any other way. Gore Vidal
explained saying:
"By
the time a man gets to be presidential material, he's been bought ten
times over."
Fed
governors are reliable Wall Street tools. Otherwise they wouldn't be
appointed. A previous
article
discussed Stanley Fischer.
He's
a deplorable choice. He ran the Bank of Israel. It serves monied
interests. It operates like the Fed. He's AIPAC's man. He's Israel's
man.
He's
a dual US/Israeli citizen. He's a Zionist zealot. Imagine one
influencing US monetary policy. Imagine harming ordinary people at
the same time.
As
Bank of Israel governor, Fischer helped AIPAC's Iran sanctions
campaign. He'll operate the same way in Washington.
He'll
support America's imperial wars. He'll make them more possible. He'll
help enrich war profiteers.
He'll
do whatever Wall Street wants. He'll give AIPAC more control over US
foreign policy. He'll back the worst of wrong over right.
He's
new Fed vice chairman. Senate confirmation is automatic. It's
virtually rubber-stamp.
Lael
Brainard is another longstanding Washington insider. She held various
Clinton administration posts. She was Deputy National Economic
Advisor.
She
was chair of the Deputy Secretaries Committee on International
Economics. She was Deputy Director of the National Economic Council.
She
was involved in various global economic scams. They included the 1997
Asian financial crisis. Washington's dirty hands complicit with
predatory investors bore full responsibility.
So-called
Tiger economies embarrassed America's free market model. They
flourished successfully. They avoided IMF debt entrapment. They were
cut down to size.
They
were looted. They needed IMF help. Painful structural adjustments
followed. State enterprises were sold at fire sale prices. Millions
lost jobs. The entire region suffered. Predatory capitalism works
this way.
Brainard
was directly involved. She was Obama's Under Treasury Secretary for
International Affairs. She worked closely with Tim Geithner.
She
was complicit in his crimes. They were high crimes. They helped Wall
Street fleece America. They let crooked bankers steal multi-trillions
of dollars. They're still stealing.
Brainard's
appointment helps them steal more. She'll do so as a Fed governor.
Her mandate is grand theft.
Her
husband, Kurt Campbell, was Obama's Assistant Secretary of State for
East Asian and Pacific Affairs.
He served from June 2009 through
early February 2013.
He
currently heads The Asia Group. It's a Washington-based strategic and
capital advisory firm.
Previously
he headed the Center for a New American Security (CNAS). It's a right
wing think tank.
Prior
to CNAS, he held the Center for Strategic and International Studies
(CSIS) National Security Policy Henry Kissinger Chair.
Most
recently, Brainard was Brookings Institution Global Economy and
Development Program vice president.
She
held the Bernard Schwartz Chair in International Economics. She
directed the Brookings Initiative on Competitiveness.
Earlier
she taught applied economics at MIT. She worked on West African
micro-finance at McKinsey & Co.
Jerome
Powell is one of many Washington insiders. On May 25, 2012, he was
appointed to fill an unexpired Fed Board of Governors term. On
January 31, it ends.
Prior
to his appointment, he was a visiting Bipartisan Policy Center
visiting scholar. It's a well-connected Washington think tank.
It
was founded by former Senate Majority Leaders Howard Baker, Tom
Daschle, Bob Dole and George Mitchell.
It
focuses on major issues. They include economic policies, national
security, energy, healthcare, and housing among others.
It
supports Social Security, Medicare, Medicaid, and other social
benefit cuts. It wants ordinary people forced to survive best they
can. It wants America's resources directed to corporate interests and
super-rich elites.
From
1997 - 2005, Powell was a Carlyle Group partner. It's a major war
profiteering firm. It profits from death and destruction. It's one of
America's most disreputable arms dealers.
GHW
Bush served earlier as senior advisor. Other top officials included
former UK Prime Minister John Major, former US Defense Secretary
Frank Carlucci, and former Secretary of State/Treasury Secretary
James Baker.
Powell
was GHW Bush's Treasury Undersecretary. His responsibilities included
policies related to financial institutions, the Treasury debt market
and related areas.
Earlier
he was a New York-based Dillon Read investment banker. He served as
senior vice president.
Confirmation
for all three nominees is automatic. It's virtually rubber-stamp.
Unless otherwise indicated, they'll begin their terms on February 1.
They're
licensed to steal. As much as possible. They're experts at it.
They're up to the task.
Their
mandate is making Wall Street crooks richer. It's doing it at the
expense of ordinary Americans. It's impoverishing growing millions at
the same time.
Wall
Street crooks work this way. Fed governors serve at their behest. So
do chairmen and chairwomen.
They're partners in crime.
Stephen
Lendman lives in Chicago. He can be reached at
lendmanstephen@sbcglobal.net. Visit
his blog site at sjlendman.blogspot.com.
In the brain are nine compartments and the ancient Taoist were not sloppy in the studying of the 'human being'. Count the numbers and there is not a more perfect system than our brain. The insane criminals stole the brain chemistry and herein lies the rub.
TIME to take back our brains. Imagine a SUBTLE spiral rotating nine times as the breath is an inhalation and exhalation SLOW as the butterfly wings of energy are very delicate, this is a metaphor. EACH COMPARTMENT, awaken the 'gift' begin with #1, and then #2 is on the left side at the back, top of head.]
.. to be continued ...
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