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mosquitobite
12-11-2013, 08:17 PM
http://www.haaretz.com/business/1.562998

http://www.nytimes.com/2013/12/12/business/economy/stanley-fischer-seen-as-leading-candidate-for-fed-vice-chairman.html?hpw&rref=business&_r=0


Students say Mr. Fischer was a formative influence who inculcated the pragmatic view that government had some power to improve economic outcomes — a middle ground between the academic orthodoxies of the era.

He was a pioneering figure in the effort to formalize this middle ground, helping to forge the approach now known as New Keynesianism.


Is he even an American citizen?

mosquitobite
12-11-2013, 09:00 PM
Bump. I'm on the iPad so research is more difficult at the moment.

I really think we can wake up some more sheeple to the issues with the FED if he is not an American, or even if he is (most likely) dual citizen.

FrankRep
12-11-2013, 09:25 PM
Is he even an American citizen?

http://en.wikipedia.org/wiki/Stanley_Fischer


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. His family later moved to the United States.


Institution:

Bank of Israel 2005–13
Citigroup 2002–05
International Monetary Fund 1994–01
World Bank 1988–90
MIT 1973-88, 1990–94
University of Chicago 1969-1973

enhanced_deficit
12-12-2013, 01:42 AM
Considering Pastor Rev Wright's assessment of SWC drone bag, he would try to get him appointed.

http://weeklyworldnews.files.wordpress.com/2009/04/obama_passover_seder.jpg?w=375&h=200 (http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&docid=F0Q3t_h4fr-nNM&tbnid=Rx_VGVa5egu_tM:&ved=0CAUQjRw&url=http%3A%2F%2Fweeklyworldnews.com%2Fpolitics%2F 7454%2Fobamas-passover-seder-dinner%2F&ei=K2ipUqqHK83PkQfLvYC4AQ&bvm=bv.57967247,d.eW0&psig=AFQjCNH7TM77mFFArtKvH0pOCxpjwKgxtw&ust=1386920353071653)


But before that, would it be inapprop if he is quized as a litmus test about US tax payers funding of foreign oppressions and graphic freedom gropes (http://www.ronpaulforums.com/showthread.php?435179-Does-majority-of-Americans-support-or-oppose-Freedom-for-Palestinians&p=5336316&viewfull=1#post5336316)?

anaconda
12-12-2013, 02:13 AM
Is he even an American citizen?

Who cares? The Fed is a private business.

enhanced_deficit
12-12-2013, 02:27 AM
Who cares? The Fed is a private business.

Who appoints the Fed Chair and other officers? Private share holders/board or Congress or drone king?

James Madison
12-12-2013, 02:27 AM
Who appoints the Fed Chair and other officers?

$$$

enhanced_deficit
12-12-2013, 02:30 AM
$$$

I approve of this message.. and its speed :)

Zippyjuan
12-12-2013, 03:55 AM
Who appoints the Fed Chair and other officers? Private share holders/board or Congress or drone king?
Nominated by the President, confirmed by the Senate. The "Governors" are the heads of the seven branches of the Federal Reserve.

As stipulated by the Banking Act of 1935, the President appoints the seven members of the Board of Governors; they must then be confirmed by the Senate and serve for 14 years.[2] Once appointed, Governors may not be removed from office for their policy opinions.[citation needed]

The chairman and vice-chairman are chosen by the President from among the sitting Governors for four-year terms; these appointments are also subject to Senate confirmation.[3] By law, the chairman reports twice a year to Congress on the Federal Reserve's monetary policy objectives. He or she also testifies before Congress on numerous other issues and meets periodically with the Treasury Secretary.

The current chairman is Ben Bernanke, an academic nominated by George W. Bush and sworn into office on February 1, 2006, for a term lasting until January 31, 2010. He was nominated for a second term by President Barack Obama in 2009, and was confirmed by the Senate in 2010. Bernanke's second term ends on January 31, 2014. Bernanke succeeded Alan Greenspan, who served for more than 18 years during the terms of four U.S. Presidents.

The law applicable to the Chairman and all other members of the Board provides (in part):


No member of the Board of Governors of the Federal Reserve System shall be an officer or director of any bank, banking institution, trust company, or Federal Reserve bank or hold stock in any bank, banking institution, or trust company; and before entering upon his duties as a member of the Board of Governors of the Federal Reserve System he shall certify under oath that he has complied with this requirement, and such certification shall be filed with the secretary of the Board.[


http://en.wikipedia.org/wiki/Chairman_of_the_Federal_Reserve

Zippyjuan
12-12-2013, 03:55 AM
Who appoints the Fed Chair and other officers? Private share holders/board or Congress or drone king?
Nominated by the President, confirmed by the Senate. The "Governors" are the heads of the seven branches of the Federal Reserve.

As stipulated by the Banking Act of 1935, the President appoints the seven members of the Board of Governors; they must then be confirmed by the Senate and serve for 14 years.[2] Once appointed, Governors may not be removed from office for their policy opinions.[citation needed]

The chairman and vice-chairman are chosen by the President from among the sitting Governors for four-year terms; these appointments are also subject to Senate confirmation.[3] By law, the chairman reports twice a year to Congress on the Federal Reserve's monetary policy objectives. He or she also testifies before Congress on numerous other issues and meets periodically with the Treasury Secretary.

The current chairman is Ben Bernanke, an academic nominated by George W. Bush and sworn into office on February 1, 2006, for a term lasting until January 31, 2010. He was nominated for a second term by President Barack Obama in 2009, and was confirmed by the Senate in 2010. Bernanke's second term ends on January 31, 2014. Bernanke succeeded Alan Greenspan, who served for more than 18 years during the terms of four U.S. Presidents.

The law applicable to the Chairman and all other members of the Board provides (in part):


No member of the Board of Governors of the Federal Reserve System shall be an officer or director of any bank, banking institution, trust company, or Federal Reserve bank or hold stock in any bank, banking institution, or trust company; and before entering upon his duties as a member of the Board of Governors of the Federal Reserve System he shall certify under oath that he has complied with this requirement, and such certification shall be filed with the secretary of the Board.[


http://en.wikipedia.org/wiki/Chairman_of_the_Federal_Reserve

ClydeCoulter
12-12-2013, 05:20 AM
Nominated by the President, confirmed by the Senate. The "Governors" are the heads of the seven branches of the Federal Reserve.


http://en.wikipedia.org/wiki/Chairman_of_the_Federal_Reserve

Careful Zippy, sounds like "Seven heads with ten horns" once you add in the WB, IMF and BIS "horns" :)

HOLLYWOOD
12-12-2013, 09:26 AM
http://en.wikipedia.org/wiki/Stanley_Fischer
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. His family later moved to the United States.

Institution:

Bank of Israel 2005–13
Citigroup 2002–05
International Monetary Fund 1994–01
World Bank 1988–90
MIT 1973-88, 1990–94
University of Chicago 1969-1973Well, Well, another "groomed" Zionist to continue the central banking rigging business and the 30 bankster-industrialist that control it all... image that, another insider for the inner circle :rolleyes:

Member: Bilderberg Group (https://en.wikipedia.org/wiki/Bilderberg_Group)
Member: Council on Foreign Relations (https://en.wikipedia.org/wiki/Council_on_Foreign_Relations)
Member: Group of Thirty (https://en.wikipedia.org/wiki/Group_of_Thirty)Rockefeller Foundation (https://en.wikipedia.org/wiki/Rockefeller_Foundation)
Member: Trilateral Commission (https://en.wikipedia.org/wiki/Trilateral_Commission)
Member: IMF (https://en.wikipedia.org/w/index.php?title=IMF&redirect=no)
Member: Chairman/Vice Chairman various CITIGROUP; Country Risk Committee, 2002-2005, President of Citigroup International, Head of Public Sector Group.

Professor Stanley Fischer, Israel
Professor Stanley Fischer is the Governor of the Bank of Israel. In the past he served as the Vice Chairman of Citigroup as well as Head of the Public Sector Group, Chairman of the Country Risk Committee, and President of Citigroup International. In the past, Fischer was the First Deputy Managing Director of the International Monetary Fund, Vice President for Development Economics and Chief Economist at the World Bank and the Killian Professor and Head of the Department of Economics at MIT. Fischer is a Fellow of the Econometric Society and the American Academy of Arts and Sciences, a member of the Council on Foreign Relations, the G-30, and the Trilateral Commission, a Guggenheim Fellow, and a Research Associate of the National Bureau of Economic Research.
http://www.group30.org/members.shtml
http://www.group30.org/bio_fischer.shtml
CFR's report on Stan Fisher: http://www.cfr.org/content/bios/Stan_Fischer_bio_10-1-13.pdf



Influences
Franklin M. Fisher (https://en.wikipedia.org/wiki/Franklin_M._Fisher)


Influenced
N. Gregory Mankiw (https://en.wikipedia.org/wiki/N._Gregory_Mankiw)
Ben S. Bernanke (https://en.wikipedia.org/wiki/Ben_S._Bernanke)
Kenneth Rogoff (https://en.wikipedia.org/wiki/Kenneth_Rogoff)



LIVELEAK: http://www.liveleak.com/view?i=d13_1381486448
ISRAEL: Treacherous Governor of Bank of Israel, bankster Stanley fischer betrayed the People of the State of Israel
http://edge.liveleak.com/80281E/ll_a_s/2013/Oct/11/LiveLeak-dot-com-d13_1381486448-FISCHERISRAELIID.jpg.resized.jpg?d5e8cc8eccfb60393 32f41f6249e92b06c91b4db65f5e99818badf904541d2d6618 c&ec_rate=230 (http://edge.liveleak.com/80281E/ll_a_s/2013/Oct/11/LiveLeak-dot-com-d13_1381486448-FISCHERISRAELIID.jpg?d5e8cc8eccfb6039332f41f6249e9 2b06c91b4db65f5e99818badf904541d2d6618c&ec_rate=230)
Stanley Fischer with his newly acquired Israeli ID in 2005.
Occupy Tel Aviv, October 11 - low and behold: Just a couple of month ago, Israeli media ran a celebratory feast for Stanley Fischer as the genius that saved the Israeli economy from the global financial crisis. Now it turns out that he left Bank of Israel with a negative capital of NIS 39 Billions - equivalent to the entire state budget deficit from the past couple of years, which is the reason for the current austerity policy.

However, anybody with a functional half brain should not have been surprised:
a. As senior officer of the IMF Stanley Fischer was central to collapse of the Argentinian economy.
b. Later, Stanley Fischer served in senior positions in CitiGroup, which required enormous US treasury bailout.

Upon his hasty departure from his position in Bank of Israel, prior to the end of his term, Stanley Fischer took a "Distinguished Fellow" position with Rockefellr's CFR (Council of Foreign Relations)...

And yet, Prime Minister Netanyahu insists on finding Stanley Fischer's replacement from among the same group of treacherous banksters...
The People of the State of Israel must fight for a new Governor of the State of Israel, who is a resident of the State of Israel, and supports policies of social justice.

LINKS:
[1] The yawning deficit that nobody is counting (http://www.haaretz.com/business/.premium-1.551863)
The Bank of Israel's NIS 39 billion negative equity is not substantially different from the government deficit but everyone ignores it
http://www.themarker.com/markets/ifrs/1.2137101[2] 13-09-17 Governor of Bank of Israel, Stanley Fischer, acted as a foreign agent on behalf of the U.S. security services and the banking cartel
http://inproperinla.blogspot.co.il/2013/09/13-09-17-governor-of-bank-of-israel.html

____Joseph Zernik, PhD
Stanley Fischer - A Monster In The Bank Of Israel
by Barry Chamish (http://www.barrychamish.com/) ©, Jan. 15th, 2005

http://www.conspiracyarchive.com/images/f/fischer.jpg (http://www.bilderberg.org/BILDSWED.JPG)
Upon the personal recommendation of Finance Minister Binyamin Netanyahu, The Bank Of Israel has appointed a new governor, Dr. Stanley Fischer, and he is a monster. Have a look at his bio (http://www.iie.com/fischer/cv.html).

Dr. Fischer arrives in Israel from his positions of Vice-Chairman of Citigroup, the money launderer of choice of the PLO in America, and Chief Economist of The International Monetary Fund (IMF). It goes without saying that he is also a prominent member of the Bilderberg Group and the Council On Foreign Relations (CFR). The membership lists of both are hereby provided:


List of 2001 CFR Members (http://www.apfn.net/CFR.htm)
Bilderberg 2001 (http://www.bilderberg.org/2001.htm)

To put Fischer's role in global mischief in perspective, we turn to the incisive American analyst, William Jasper:
“ECOSOC, the UN's mammoth globocracy, oversees an alphabet soup of dozens of agencies, commissions, committees, and ad hoc bodies (UNESCO, UNIDO, FAO, UNEP, WHO, IMF, UNCTAD, UNFPA, etc.) employing tens of thousands and dispensing billions of dollars worldwide. The globalists have placed their operatives in all the key posts. The World Bank, one of the UN system's pivotal power centers, is headed up by James Wolfensohn (president) and Jeffrey A. Goldstein (managing director), both CFR members and full-blown internationalists. Over at the IMF, globalist economic objectives were managed through most of the turbulent 1990s (and up to 2002) by Stanley Fischer (CFR). Mr Fischer was assisted during that time by Anne O. Krueger (CFR), who retains the No. 2 slot at IMF. The IMF and World Bank closely coordinate their lending policies with USAID, the U.S. State Department agency that handles U.S. foreign aid. At that agency, Constance B. Newman (CFR) is helping to maintain the same destructive programs promoted by earlier CFR apparatchiks like J. Brian Atwood.”

http://www.iie.com/fischer/cv.html

Vice Chairman, Citigroup, February 2002–April 2005

Chairman of Country Risk Committee, Citigroup, 2002–2005

President, Citigroup International, 2002–2004
Head, Public Sector Client Group, Citigroup, February 2004–2005

Postdoctoral Fellow, Department of Economics, University of Chicago, 1969–70

Instructor, Department of Economics, M.I.T., 1969
Adjunct Senior Fellow, Council on Foreign Relations, 1994

Director, World Economy Laboratory, M.I.T., 1991–1993

Max Bogen Visiting Professor of Economics, Hebrew University, Jerusalem, 1984

Visiting Scholar, Hoover Institution, 1981–82

Fellow, Institute for Advanced Studies, Hebrew University, Jerusalem, 1976–77

Visiting Senior Lecturer, Department of Economics, Hebrew University, Jerusalem, 1972






Activities and
Societies:
Honorary Fellow, London School of Economics Research Associate, National Bureau of Economic Research
Fellow of the Econometric Society
Fellow, American Academy of Arts and Sciences
Member, Council on Foreign Relations
Member, Group of 30
Guggenheim Fellow
Member, Financial Stability Forum Chairman's Advisory Council, 2002–
Member, Board of Directors, Institute for International Economics, 2002–
Member, International Advisory Board, New Economic School, Moscow, 2002–
Member, Board of Directors, Women's World Banking, 2003–
Member, Board of Trustees, International Crisis Group, 2004–
Vice-President, American Economic Association, 1995 Member, Executive Committee of the American Economic Association,
1989–91
Chairman, Fellowship Committee, Gasparini Institute for Economic Research, Milan, Italy, 1990–1994.
Honorary Adviser, Institute for Monetary and Economic Studies, Bank of Japan, 1987–1994
Member, Board of Trustees, Hebrew University, Jerusalem, 1986–1994.
Member, Visiting Committee of MIT Economics Department, 2003–
Member, Advisory Council of the Woodrow Wilson School, Princeton University, 1990–1994.
Member, Visiting Committee, Kennedy School of Government, Harvard University, 1991–1997
Member, Board of Trustees, Falk Institute for Economic Research in Israel, 1987–1998
Member, Academic Advisory Council, Federal Reserve Bank of New York, 1992–1994; 2002–
Member, Academic Advisory Council, Congressional Budget Office, 1993–1994.
Member, Brookings Panel on Economic Activity, 1981–82, 1991–92.
Member, Panel for Economic Policy, 1992–93.
Member, National Science Foundation Economics Panel, 1978–80.
Consultant: U.S. Treasury, U.S. State Department, World Bank, International Monetary Fund, Bank of Israel.

FrankRep
12-12-2013, 09:31 AM
Stanley Fischer became active in the Habonim Zionist youth movement.

http://en.wikipedia.org/wiki/Habonim

A Socialist-Zionist youth movement Habonim Dror.

Romulus
12-12-2013, 10:10 AM
Yay for zionists' controlling the Fed. Here come's world war funding.

ZENemy
12-12-2013, 10:24 AM
FUCK BANKERS!!!!

"Resolve to serve no more, and you are at once freed. I do not ask that you place hands upon the tyrant to topple him over, but simply that you support him no longer; then you will behold him, like a great Colossus whose pedestal has been pulled away, fall of his own weight and break in pieces."

pcosmar
12-12-2013, 10:26 AM
Is he even an American citizen?

Is that relevant?

It's not like the Federal Reserve is an American institution. or part of the American Government.

Snew
12-12-2013, 10:49 AM
lol this isn't sketchy at all :rolleyes:

Romulus
12-12-2013, 10:59 AM
Half the critters in govt have dual citizenship... why should they care if anyone in the Fed does either.

mosquitobite
12-12-2013, 10:59 AM
Is that relevant?

It's not like the Federal Reserve is an American institution. or part of the American Government.

An appointing a non-US citizen to have control over our economy, and therefore elections.... Most sheeple would get pretty angry over the idea.

mosquitobite
12-12-2013, 11:00 AM
Ask your friends: "does the economy impact elections?"

Most would say yes.

Then follow up with: "who controls the economy?"

pcosmar
12-12-2013, 11:04 AM
Most sheeple would get pretty angry over the idea.

One could hope.

but I doubt it. :(

pcosmar
12-12-2013, 11:10 AM
IN an interview published in the New York World February 17, 1921, Mr. Henry Ford put the case for the "Protocols of Zion" tersely and convincingly. He said: "The only statement I care to make about the Protocols is that they fit in with what is going on. They are sixteen years old and they have fitted the world situation up to this time. They fit it now."

I posted a thread in Hot Topics once.
http://www.ronpaulforums.com/showthread.php?388548-A-Hot-Potato

A Hoax,, or some say a Forgery.
Well then it is nothing to be concerned with right? I mean,, if there is no truth, that should be quite evident and no harm in seeing what is written.
And since I have already been accused,, I take a look at what all the fuss is about.

HOLLYWOOD
12-12-2013, 05:10 PM
More info on Fisher...

http://settlersofsamaria.org/2013/01/31/stanley-fischer-deserves-not-one-iota-of-praise/Stanley Fischer deserves not one iota of praise

January 31, 2013 By Rafi (http://settlersofsamaria.org/author/rafi/) 3 Comments (http://settlersofsamaria.org/2013/01/31/stanley-fischer-deserves-not-one-iota-of-praise/#comments)
http://settlersofsamaria.org/wp-content/uploads/2013/01/Stanley-Fischer-is-a-thief-300x260.png (http://settlersofsamaria.org/wp-content/uploads/2013/01/Stanley-Fischer-is-a-thief.png)
This man is no hero.

Stanley Fischer is the head of the Bank of Israel. As such, he is the government appointed goon in charge of money printing. In his infinite wisdom, he is supposed to know exactly what the supply of money should be, because he’s purportedly a chacham she-ein kamohu – a crazy genius who has a pulsating brain and somehow knows these things. Or maybe God comes to him in his sleep and tells him how many shekels should exist and how much he should print and when.
Or maybe he’s just some guy who has no idea what he’s doing, given a power the equivalent of an economic nuclear weapon, something that no one man should ever, ever have.
Stan the Super Shekel Man recently came out with an announcement that he would be quitting his post early. Aside from the speculation as to why (I think it’s because he knows there will be an unstoppable economic tsunami in the next 3-5 years and he wants to duck out early and quit while he’s ahead), I have seen nothing but wall to wall praise for this central planning money printing soviet-style currency czar. Sure he’s kindly, has a sweet voice, an endearing Zambian accent, cutely mixes up male and female in his Hebrew grammar all the time, and the Israeli economy didn’t totally collapse in 2008 so everyone assumes the money master is responsible for saving us all from destitution. But this is all a big, sad, sorry myth.

Let’s break it down.

Let’s step aside for a moment from the persona of Stan the Man himself. He as a person is not the main problem. As I said, he’s a nice guy. The main problem is the very system of central banking that give men like him inordinate power over all of our economic lives, a power which, once you realize the scope and consequences of it, can make you dizzy.
Imagine for a moment two national economies. One where the supply of shoes and their price is controlled by one man and anybody else who manufactures or uses shoes besides him goes to jail, and another where the supply of shoes and their price is controlled by the free market, meaning a myriad of entrepreneurs freely importing and exporting shoes based on the demand for them by customers. In a free market where anyone can manufacture and buy as many or as few shoes as he wants, the supply, demand, and price of shoes will tend to reach an equilibrium point where profits will remain constant and steady. Shoe firms like wholesalers, manufactures, and retailers, will all compete with each other to sell the most shoes to the public. In order to do this, they will have to make shoes of the highest possible quality at the lowest possible prices in order to attract buyers.
If the supply of shoes gets too high, shoe prices will tend to fall, lowering profit margins, thereby restricting the amount of shoes manufactured, choking off supply, and bringing shoe prices back up to equilibrium. If demand gets too high, shoe prices will tend to rise, increasing profit margins, encouraging shoemakers to produce more in order to earn those increased profits. This brings supply back up to match demand, bringing prices back down to equilibrium again.
Now, in an economy where the supply of shoes and their price is controlled by one man, let’s call him the chairman of the Shoe Bank of Israel, we are entrusting a single person to:


Manufacture every single shoe in the country, because anyone else who does that is considered a shoe counterfeiter and goes to prison
Know automatically what the supply of shoes in the country should be at any given moment
Set the price of shoes at whatever he thinks it should be
Not abuse this power

The shoe market in such a country would be a complete mess and everyone who needs shoes would be miserable. Since only one firm would be allowed to make and sell shoes, there would be no competition and the quality of the shoes would deteriorate. If the Chairman of the Shoe Bank of Israel set the price of shoes too low, meaning he underestimates demand, people would start hoarding the shoes and buying more than they need, and there would be shoe shortages. If he sets the price of shoes too high, meaning overestimates demand, people who needed new shoes would not buy them, instead waiting for a lower price. Perhaps they would attempt to repair their old shoes, or cut open the ends if they didn’t fit. Huge surpluses of shoes would result.
Meanwhile, regardless of whether Stanley Shoemaker creates a shoe shortage or a shoe surplus in the country with his inaccurate divining of the appropriate shoe price and supply, people will have no choice but to buy shoes from him alone, and he will get richer selling them regardless of how crappy the shoes are. Nobody wants to be arrested for being a shoe counterfeiter after all.
Having one man in charge of the shoe supply in a country is bad enough. But it is infinitely worse to have one man in charge of the money supply in an entire country, because the supply and demand for money controls the entire economy, shoes included.
I know that the concept “demand for money” and “price of money” is hard to wrap your head around. Doesn’t everyone demand money all the time? How can it change? How can money itself have a price? Isn’t money money? Bear with me here.
It is difficult for people to understand these concepts these days because fiat government currencies have ruled the world since 1971, and governments the world over have taken upon themselves the exclusive right to produce money, forbidding anything else from entering the market as money. But in reality, money, just like shoes, is a good like any other. The only difference is that money is more easily tradable than shoes for other goods. In fact, money is the most easily tradable good that exists. That’s why it’s used as money.
Now, the “price of money” and the “demand for money” are reflected in many different ways. They are reflected in how much money money lenders (AKA banks) charge to borrow money, otherwise known as interest rates. If interest rates are high, then money is “expensive”. If money is expensive and money lenders can charge high interest rates, the “demand for money” must be high too. Otherwise, people would not be willing to pay such high rates in order to borrow money. If interest rates are low, then money is “cheap”. If money is cheap and money lenders are forced to lower interest rates in order to attract borrowers, then the “demand for money” must be low.
The price and demand for money is also reflected in the general economy in terms of the money prices of all other goods and services. At times when the demand for money is high, forcing interest rates up, that means people want to hold more of their money (AKA save) rather than spend it. If people want to save more money, the consequence is that the money-prices of goods and services will go down. Things will get cheaper to buy, because in order to attract sales, merchants will have to lower prices in order to entice more money out of savings.
The high interest rates, or high price of money, will in turn serve to bring the money market back into equilibrium at times when the demand for money is high and prices low, as money-savers (lenders) will earn higher rates of return. This will earn savers more money on their savings, and in that way they will be enticed to spend the money they earned from their saving, bringing prices back up, money out of savings, and interest rates back down as lenders are forced to settle for lower interest rates in order to attract more borrowers again. The demand for money is thus lowered, enabling merchants to raise the money-prices of other goods and services, prices go up, demand for money down, and interest rates down.

A short recap:

Demand for money up = interest rates up = prices down
Demand for money down = interest rates down = prices up
Eventually, this entire process reaches an equilibrium point where relative prices of goods and services in terms of money will stay more or less stable along with interest rates.
Now what about the supply of money? This is the cool part. In a free market, the supply of money will be controlled NOT by Stan the Shekel Man, but by gold and silver mining companies teaming up with private money coiners who in turn team up with private banks. Here’s how it works:


Mining Company A has mined 100 kilos of silver, but needs them coined by a recognized and respected money coiner so he can buy stuff. Merchants don’t accept uncoined blobs of silver because there is no way to tell how pure the silver is. So he goes to Money Coiner B and gives him 100 kilos of silver.
Money Coiner B puts the silver through his coining machine, checks its purity, and stamps it with his stamp of approval by coining it into little circles with his certification on it. He keeps 2 kilos of newly minted silver coins as a commission for his services.
Mining Company A and Money Coiner B then go to Money Bank C and say, “Do me a favor Money Bank C. We have these coins here. They’re too heavy. Could you please put them in your vault and give us paper receipts that the silver is sitting here? Please give the silver to whoever presents you with the receipt.” Money Bank C takes the silver coins, provides them with receipts, and charges Mining Company A and Money Coiner B a small fee for storing the coins and providing the receipts.
All parties go out and spend the paper receipts, AKA “money” in the economy and buy stuff.

How is the supply of money regulated in a free market? In the following way: When the demand for money goes up and the prices of other goods go down, mining companies will make higher profits on the gold and silver that they mine for two reasons:


Since the prices of everything are going down, it will become cheaper for them to do the mining itself, increasing profit margins.
Since the prices of everything are going down, the mining companies will be able to buy more stuff with the gold and silver they produce.

These two factors will entice them to increase production of gold and silver, increasing the supply, bringing interest rates down and prices of other goods and services back up. When prices of other goods and services go back up, it will cost the mining companies more money to mine gold and silver, and they will be able to buy less with the gold and silver they mine. Eventually, profit margins for the gold and silver they mine will go down to a point where they will be forced to lower production. The supply of money will go down and the prices of goods and services back down again with it.
In a free market for money, the best, most efficient, and most honest money coiners will get the most business and have the most coins circulating on the market. Those coining companies that cheat and lie about the purity of their coins will lose business and go bankrupt. Their coins will not circulate, or they will circulate at a discount.
In a free market for money, the best, most efficient, and most honest money receipt issuers (currency printers, private banks) will store the most money and issue the most currency. Those private banks that cheat and lie about how much silver or gold they have in their vaults to match the receipts and “inflate” their currency will lose business, inspire their receipt holders to call in their receipts for silver and if they can’t provide it, they will go bankrupt. Their currency will not circulate, or it will circulate at a discount..
In a free market for money, you will have several different competing currencies and coinages, with people accepting the ones with the best reputations and rejecting the ones that are unreliable.

Interest rates and prices will remain stable as money supply and money demand equilibration, and as in any developed economy, goods and services will increase faster than the supply of money, allowing for a gently falling price level and everyone to get richer in real terms.
Or you can have someone like Stan the Shekel Man Fischer in charge, printing sheets of paper backed by absolutely nothing, causing prices to continually rise and government controlled money to continually lose value, making everyone poorer and more miserable.
Stanley Fischer did not save the Israeli economy from collapse. He simply did not abuse the insane power given to him as badly as other central bankers did: the monopoly power to print money. This power, incidentally, was given to him in much the same way as our fictional Stan Shoemaker’s was given to him: By a bully State ready and willing to arrest anyone besides Stan who manufactures shoes. Or in this case, money. And why would the Israeli government forbid anyone but Stan their goon from manufacturing money? Because when you have control over the entire money supply, you can spend it on anything…you…want. Like welfare. And leather seats for Knesset members. And armored cars for party heads. And first class trips to France for Defense Ministers. And subsidies to ignoramuses who you want to vote for you. And huge campaign posters and TV ads and God only knows what else.
When one man controls the shoe market, the quality of shoes goes down and everyone who wears shoes, suffers. When one man controls the money market, the quality of money goes down. It loses value. It makes you poorer. Everyone who uses money, suffers.

Every single time Stanley Fischer printed shekels with the flip of a switch, he stole from people like you and me who have to work to earn our shekels. He stole from you. He stole from me.
Stanley Fischer is a thief who should be arrested. He is not a hero who should be praised.

gwax23
12-12-2013, 06:13 PM
There is a housing bubble going on in Israel. Prices for homes are inflating to ridiculous levels. Inflation is also out of whack, so much so it precipitated the rise of social unrest int he country because the price of cottage cheese was too high. Look up the social protests there, I believe occurred a year or 2 ago. He deserves no praise.

anaconda
12-12-2013, 06:16 PM
There is a housing bubble going on in Israel. Prices for homes are inflating to ridiculous levels. Inflation is also out of whack, so much so it precipitated the rise of social unrest int he country because the price of cottage cheese was too high. Look up the social protests there, I believe occurred a year or 2 ago. He deserves no praise.

We have a whopper of a new real estate bubble here in the San Francisco Bay Area.

Cap
12-12-2013, 06:16 PM
I posted a thread in Hot Topics once.
http://www.ronpaulforums.com/showthread.php?388548-A-Hot-PotatoBump for pete's thread, more than a coincidence.

dillo
12-12-2013, 06:21 PM
Whats the difference? Senators and dual citizens, so are Reps. The ones that aren't dualies are so afraid of AIPAC that they might as well be. So all of you anti-semites need to get back to work

LibForestPaul
12-12-2013, 06:51 PM
http://en.wikipedia.org/wiki/Stanley_Fischer


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. His family later moved to the United States.


Institution:

Bank of Israel 2005–13
Citigroup 2002–05
International Monetary Fund 1994–01
World Bank 1988–90
MIT 1973-88, 1990–94
University of Chicago 1969-1973

Wow. Evil genius resume if I ever saw one. One million dollars. Number two no less.

parocks
12-12-2013, 10:20 PM
Wow. Evil genius resume if I ever saw one. One million dollars. Number two no less.

The problem that is arising in a lot of places is that these resumes might look like evil genius resume, but they just aren't geniuses. Evil, yes. It seems that they're just stretched too thin. A spot that needs a genius gets a very competent and well trained person. A spot that just needs a very competent and well trained person gets one that isn't good enough. So, there's just failure all around. They just aren't smart enough.

enhanced_deficit
12-12-2013, 10:30 PM
There were rumors early on during swc drone king's first term that 30% of his cabinet including his first WH Chief of Staff were Israeli citizenz too thanks to bundlers contribution to his electon but none of that has been confimred by uncontrolled/free US MSM.

enhanced_deficit
01-12-2014, 01:28 PM
Nominated by the President, confirmed by the Senate. The "Governors" are the heads of the seven branches of the Federal Reserve.


http://en.wikipedia.org/wiki/Chairman_of_the_Federal_Reserve

Are SWC and many Senators "purchased"/funded by same bankers lobbies?


Senator Warren doubts whether Fischer should be vice chairman of Fed The Massachusetts Democrat says 'I want to be hopeful…that Fischer’s going to work in the right direction. I am not sure. " By Haaretz (http://www.haaretz.com/misc/writers/haaretz-1.367584), Reuters and The Associated Press (http://www.haaretz.com/misc/writers/the-associated-press-1.237) | Jan. 12, 2014 | 4:23 PM | http://www.haaretz.com/images/icons/comment.png 2



In nominating Fischer (http://www.haaretz.com/news/world/1.567961), Obama on Friday said in a statement, "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," Obama said.

http://www.haaretz.com/business/1.568135