Trump Selects Powell for Fed Chairman, Replacing (((Yellen)))

JEROME POWELL. SET TO HEAD UP THE FED.

Greenspan, Bernanke, and Yellen add up to 30 years of Jews being the face of the U.S. Federal Reserve System.

Now a gentile will have that honor, as President Trump choose not to reappoint Janet Yellen as Chair. It’s the norm to reappoint, and I’m certain Ms. Yellen would have been reappointed by Hillary Clinton.

What does it mean to have a non-Jew heading up the Fed? Not much. The show will go on pretty much as it has, with a little tweaking here and there.

If you’re conspiracy-minded, you might speculate that the Jewish financiers who control world money markets see an economic collapse coming and want to make sure that one of their own doesn’t get the blame.

Excerpt from Bloomberg

President Donald Trump plans to nominate Federal Reserve Governor Jerome Powell to the top job at the U.S. central bank, according to four people familiar with the decision.

In Powell, he’ll select a former private-equity executive who favors continuing gradual interest-rate increases and sympathizes with White House calls to ease financial regulations. The president will announce his decision Thursday at 3 p.m. Washington time from the Rose Garden, the White House said in a statement. Powell declined to comment when approached by a reporter outside his Washington-area home.

Market reaction to the news was muted, given broad expectations that Powell would be the pick. The dollar retreated slightly in Asian trading Thursday, and Treasury yields dipped. S&P 500 futures were down modestly as traders consider prospects for U.S. tax cuts.

If confirmed by the Senate, the 64-year-old former Carlyle Group LP managing director and ex-Treasury undersecretary would succeed Fed Chair Janet Yellen, who has raised borrowing costs four times starting in late 2015 and just began scaling back the central bank’s $4.5 trillion balance sheet.

“He represents a bit of the continuation of the status quo without being named Yellen,” said Gennadiy Goldberg, interest-rate strategist at TD Securities. “He’s relatively dovish-leaning on policy, but also willing to undertake some deregulation at the margin. He’s basically a perfect candidate for Trump.”

The decision would cap a months-long White House search that included consideration of re-nominating Yellen, or installing outsiders such as National Economic Council Director Gary Cohn, Stanford University economist John Taylor or former Fed Governor Kevin Warsh. The Wall Street Journal earlier on Wednesday reported that Trump had selected Powell.

A Republican appointed to the Fed in 2012 by Democratic President Barack Obama, Powell has earned a reputation as a non-ideological and pragmatic policy maker. While he hasn’t played a prominent public role in formulating and explaining monetary policy, he has generally backed Yellen’s cautious approach to withdrawing stimulus.

Yellen, 71, who is the first woman to lead the U.S. central bank, will become the first Fed chair since 1979 not to be reappointed to the job.

My choice would have been Professor John Taylor, whom I met briefly a couple of decades ago. I can’t picture him being a tool of the financial oligarchs. His famous (to us economists) Taylor’s Rule would replace Fed politics with simple math. Investopedia presents the Rule this way:

The equation, with some alterations, used by central banks under Taylor’s rule looks like:

i = r* + pi + 0.5 (pi-pi*) + 0.5 (y-y*)

Where:

i = nominal fed funds rate

r* = real federal funds rate (usually 2%)

pi = rate of inflation

p* = target inflation rate

Y = logarithm of real output

y* = logarithm of potential output

Operating with a rule would take the manipulation of the economy out of play.

Which is probably why John Taylor wasn’t picked.

PROFESSOR JOHN TAYLOR. NOT PICKED.

ADL: Jewish “Control” of the Federal Reserve: A Classic Anti-Semitic Myth

This is bizarre. The Anti-Defamation League has published a beautiful summary of why Jews do control the U.S. central bank, the Federal Reserve, aka Fed, while denying that Jews are in charge.

When I started reading this it seemed that the ADL was going to explain why Jews DON’T control the Fed. They do the opposite here.

Strange.

ADL

INTRODUCTION
For centuries, anti-Semitic propaganda has demonized the Jew as a conspiratorial, manipulative outsider, often with powers and designs of world domination. From the Middle Ages through the Holocaust, fabricated accusations against Jews as poisoners and corrupters have led to horrendous suffering for the Jewish people.

In more recent years, the anti-Semitic notion that “the Jews” dominate and command the U.S. Federal Reserve System and in effect control the world’s money has surfaced across the extremist spectrum. Contemporary economic anxieties and distrust of government have given new life to this timeworn myth.

The world of finance is an area of complexity, if not mystery, to most Americans, and confusions can easily be manipulated and suspicions aroused. The bigot’s rationale is often conveyed in inflated images of intricate, stealthy “conspiracies.” For example, under the headline “The jews [sic] have a Plan,” the Idaho-based Nazi-like group Aryan Nations has reported finding significance in the fact that the Federal Reserve System and the Anti-Defamation League were founded in the same year — 1913. Another “specialist” in anti-Semitic conspiracy fantasies, Minister Louis Farrakhan of the Nation of Islam, recently expounded and embellished the same “historical” point.

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Cohn seen as unlikely pick for Fed chairman after Charlottesville remarks

FED CHAIR JANET YELLEN. TRUMP MIGHT KEEP HER.

GARY COHN. IN THE DOG HOUSE.

Jews must be feeling excluded. They never catch a break. We need more Jews at the Federal Reserve. Right, everyone?

Fox News

Gary Cohn, the former Goldman Sachs investment banker and President Donald Trump’s current economic adviser, is now considered an unlikely pick to lead the Federal Reserve after criticizing the White House’s response to violence in Charlottesville, Va.

Trump has openly floated the idea of nominating the former banker as the potential successor to Fed Chair Janet Yellen — whose term ends in February – saying in July that he has “great respect” for him.

But Trump has backtracked on the idea recently in private, people familiar with the president’s thinking told the Wall Street Journal. The job prospects shifted mostly due to Cohn’s comments about the president’s response to violence in Charlottesville, the sources told the paper.

Cohn issued a stark rebuttal of Trump’s comments in an interview with the Financial Times last month, where he said the administration “can and must do better” to denounce hate groups, including neo-Nazis and the KKK that marched in Charlottesville.

“Citizens standing up for equality and freedom can never be equated with white supremacists, neo-Nazis and the KKK,” he told the newspaper.

The comments were a cold shower to Trump, who did not expect such an attack from his economic adviser, prompting the president to bristle at the very mention of Cohn, one White House official told the paper.

But the chances of Cohn of being appointed the next Fed chairman were still not completely lost, according to another official. A lot hinges on tax reform.

Cohn is considered one of the smartest businesspeople close to Trump and — along with Treasury Secretary Steven Mnuchin — has been working on Trump’s long-awaited tax plan.

Yellen has not publicly said she would serve another term. Some of her former colleagues told the Journal that she would continue to serve if asked.

Trump was critical of Yellen while campaigning last year, saying her decision to keep interest rates low was aimed at helping the Democratic Party and President Barack Obama. His opinion appeared to change after taking office, saying in a July interview that he was also considering keeping Yellen in her position.

Others said to be under consideration for the Fed job include former governors Lawrence Lindsey and Kevin Warsh, former BB&T Bank chief executive John Allison, and Stanford University economist John Taylor, the Journal reported.

A White House spokeswoman said Cohn was “focused on his responsibilities … including a once-in-a-lifetime opportunity to deliver meaningful tax reform that creates jobs and grows the economy.”

John Taylor, whom I talked to when he came to give a talk here years ago, is a long shot. After all, Professor Taylor isn’t a Jew and it’s just not kosher to discriminate against Jews by denying them their well deserved positions of high authority.

By the way, the Jewish professor Stanley Fischer has submitted his reignation from the Fed, effective next month, on Friday, October 13. Trump will be appointing someone to replace him and it better be a Jew if Trump knows what’s good for him. Fischer is the Fed’s Vice-Chair.

I LEARNED MY MONETARY ECONOMICS FROM HIS TEXTBOOK.

Here’s a link to Professor Taylor’s blog. I didn’t try to access it, but there are links on his blog to all the course materials he created for his Stanford basic economics course.

Jew Federal Reserve President “Resigns”, NOT Facing Criminal Charges Over LEAKS

JEFFREY M. LACKER. A RULES VIOLATION DID HIM IN.

A rare scandal at the Federal Reserve broke in the press on Tuesday. The Richmond, Virginia Fed president resigned over passing confidential information to an investment group.

Oy vey! And you thought Jewish bankers got rich by being honest?

CNBC

Richmond Federal Reserve President Jeffrey Lacker announced his immediate resignation Tuesday, admitting that he discussed sensitive information with an analyst regarding the Fed’s plans for economic stimulus.

Lacker, 61, became president and CEO of the Federal Reserve Bank of Richmond on Aug. 1, 2004. He is a member of the policy-setting Federal Open Market Committee. CNBC has learned that the resignation was negotiated with law enforcement officials. Lacker’s attorney told CNBC no charges will be filed.

Lacker, who was not a voting member of the FOMC this year, previously said he planned to retire in October.

In his letter of resignation, Lacker admitted to speaking to an analyst at Medley Global Advisors regarding the September 2012 Fed meeting. Medley publishes analysis for hedge funds and asset managers and is owned by the Financial Times. Lacker said his actions violated Fed communications policies that prohibit “providing any profit-making person or organization with a prestige advantage over its competitors.”

Lacker said he was asked by an analyst about an “important nonpublic detail” regarding the Federal Open Market Committee’s policy options.

“Due to the highly confidential and sensitive nature of this information, I should have declined to comment and perhaps have ended the phone call,” Lacker said. “Instead, I did not refuse or express my inability to comment and the interview continued.”

In addition, Lacker said he was obligated to disclose that the analyst had confidential information, which he did not do.

Medley ultimately told clients in October 2012 that the Fed would initiate another leg of its monthly bond-buying program in December. The author of the note was Regina Schleiger, who added in the note that Fed members had been up after midnight preparing for the meeting, according to the New York Times.

AUSTRALIA’S REGINA SCHLEIGER. ANOTHER JEW?

Was there a sex scandal cover up here that we don’t know about? Could there have been pillow talk between Lacker and Schleiger? We may never know. Schleiger could have easily used inside information to enrich herself and her clients. Is that criminal?

Trump Hangs Portrait of Andrew Jackson in Oval Office

I agree with the infographic above. President Trump is signaling. I’m not sure that the signal isn’t just that Harriet Tubman will not replace Andrew Jackson on the $20 bill. But we can be optimistic and hope that Trump’s actions signal a willingness to fight the power of the (((central bankers.)))

The Hill

President Trump hung a portrait of Andrew Jackson in the Oval Office on Tuesday, The New York Times reports, an apparent nod to the populist sentiments of the new administration.

Trump’s rise has often been compared to the populist election of Jackson, including by some of the new president’s own team.

Chief White House strategist Steve Bannon called Trump’s inauguration speech on Friday “Jacksonian,” saying it struck the populist and patriotic tones Jackson was known for.

Trump has also expressed admiration for the seventh president, as well, calling Jackson “an amazing figure in American history — very unique so many ways,” through a spokesperson last week.

Jackson, a former military officer and U.S. senator, was known for his fiery temper and bombastic rhetoric. After he lost his first presidential bid in 1824, for example, he claimed the system was “rigged.”

Jackson’s legacy is also rife with controversy. He signed the Indian Removal Act of 1930, paving the way for what is now known as the “Trail of Tears” shortly after his presidency ended, in which the Cherokee Nation was removed from its lands east of the Mississippi in the massive forced migration.

Last year, the Treasury Department announced plans for a new $20 bill that would bump Jackson’s portrait for that of Harriet Tubman.

Jackson removed the Indians. Trump is removing the Mexicans and Muslims.

Is history repeating itself? It looks like it.

Seven Amazing Photos From December 7, 1941

That last photo shows the man who wanted war with Japan, no matter the cost in American lives. Let’s never forget General Smedley Butler’s dictim: All wars are banker’s wars.

jew-dollar-gif

The Pearl Harbor photos were sourced from Buzzfeed. There are 23 more equally dramatic photos at the link.

The Liberation of the Slaves from the Jews’ New World Order

A conservative Jewish writer, Israel Shamir, claims that Donald Trump saved the world and liberated the slaves who were in bondage to the New World Order.

Perhaps over-optimistically, he proclaims that "The Jewish Century" is over. My own opinion is that the New World Order Jews still have plenty of opportunities to co-opt Trump or assassinate him if need be.

Let’s be cautiously optimistic about what can be accomplished by President Trump.

Unz.com

Donald Trump’s electoral victory unleashed pent-up tectonic energies on the unprecedented scale. The world has been changed, much more than could be expected from any election of a US president. Just a short time has passed since election day, but it appears that the New World Order has received a shattering blow. There is a great feeling of freedom in the air, as if the vote broke the chains of a generation, and we suddenly found ourselves free.

As the first sign of this new freedom, there are reports that the dreaded TTIP and TTP, the twin agreements almost imposed by Obama administration on the world, are as good as dead. Trump killed the agreements, said the Germans, and it is a very good news. Just for that, it was worth electing Trump.

Silly activists say they stopped the TTIP and TTP by their own efforts. Bunkum! Without Trump, the agreements would have been duly signed and ratified despite all the protests. Let us give him his due.

I congratulate Trump on choosing Stephen Bannon. He is so heavily demonised by the NWO forces, so fervently called “an anti-Semite”, that he’s got to be good. If Trump will persevere and keep him, it will be additional proof that Trump is fearless, that the magic of political correctness has stopped working and that the word “anti-Semite” does not ruin a career anymore.

I feel sorry for the poor guys and gals who walk the American cities proclaiming their love and fealty to Obama and Clinton. They were zombified into blind trust that the NWO regime was forever, that docile blacks, emotional latinos, delicate gays and clever Jews will always vote as they are told by smart women in pants, while the workers of Detroit would forever cringe under the whip of white male privilege. They watched too many movies and lost touch with reality, like royalists worshipping portraits of the deposed and dead king.

We were all slaves, but slaves of two kinds: slaves willing and unwilling, house slaves and field slaves of the NWO. The “Not My President” crowd are house slaves; they learned to love and obey the masters. Trump freed them, too, but they do not yet enjoy it and beg to be returned to bondage.

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