Fed Unable to Comply to Congressional Subpoena Due to Criminal Investigation
http://www.zerohedge.com/news/
I knew she would be removed the very second that it was announced that Stanley Fischer was being installed as second in command at the Fed. Here's what I wrote over a year ago in the Friday Road Trip dated 1/17/2014...
Janet Yellen's "Handler" Appointed
No doubt in my mind...Yellen's appointment is a "placement" of the patsy that will take the fall for the Federal Reserve System. We are at the most precarious time in the Fed's history and they hire the #1 dumbest bankster at their disposal to head the Titanic. I'm not just saying this because I heard it somewhere...I MET HER! About 10 years ago at a speech she gave in San Francisco to a small group of bankers. She took questions and I of course asked her about loose monetary policy's effect on Gold and China taking over all the manufacturing capabilities of the US.
SHE HAD NO IDEA WHAT I WAS TALKING ABOUT!!!
Truthfully. She wasn't trying to lie or avoid the answer. SHE WAS CLUELESS!
Here's a summary of what she said:
1) "Gold hasn't been a financial asset since the 1970's so the Fed and our Monetary Policy doesn't even consider gold."
2) "We are the greatest manufacturing nation in the world and China is just a 3rd world country that will make most of the products that we don't want to bother making."
And she said this with a straight face! Remember this was 10 years ago when just a handful of of people where screaming about gold.
I wonder what she's going to say when asked about gold and China now!
She's truly a naive patsy who has been put in a VERY hot seat.
I doubt she'll last until the end of the year.
Having said that...they PLACED the Bad Guys #1 Bankster Mobster as their 2nd in Command!!!
Obama Names Fischer as Fed Vice Chairman
http://finance.yahoo.com/news/
President Barack Obama on Friday nominated former Bank of Israel Governor Stanley Fischer to be vice chairman of the Federal Reserve, and tapped two others to round out the U.S. central bank's top ranks just as it begins winding down its historic economic stimulus.
Fischer, an experienced crisis manager and one of the world's most prominent economists, would succeed Janet Yellen, who is set to take the Fed's helm when Chairman Ben Bernanke's term expires at the end of this month.
Obama also nominated Lael Brainard, who recently was the U.S. Treasury's top official for international affairs, to serve on the Fed board, and renominated Fed Governor Jerome Powell, whose current term ends on January 31.
All three need to be confirmed by the Senate.
The two new voices at the Fed's table are unlikely to alter the policy consensus as the central bank scales backs it aggressive bond-buying campaign, analysts said.
While Brainard, a veteran of Democratic administrations, is seen as inclined to be particularly focused on fostering faster jobs growth, Fischer, whose post as second-in-command will make him more influential, is seen as a centrist.
But Fischer, 70, is also known for a willingness to do what he thinks best, regardless of economic rules or market expectations. As head of Israel's central bank, he often surprised investors with his interest rate decisions.
"Like Janet Yellen and many others, he is of unquestioned brilliance at knowing when and when not to pay attention to academic concerns or models," said Adam Posen, president of the Peterson Institute for International Economics.
Some Fed watchers wonder whether there might be tensions between Yellen and the strong-willed Fischer, who will both serve four-year terms, if differences on policy arose.
END
Make no mistake...FISCHER IS EVIL!
Here's how the resume of a Bad Guy Bankster reads...
http://en.wikipedia.org/wiki/
My take...at some point this year the Fed will lose control of the markets and Fischer will take Yellen's place (not having to be confirmed by Congress).
That's when the final battle will take place.
END
Wow! Another hit on the Road to Roota if Yellen is actually removed and Fischer takes her place.
It's getting exciting out there!
May the Road you choose be the Right Road.
Bix Weir
www.RoadtoRoota.com
PS - Buy my book as it tells you all about who, how, why and WHEN!
The Book: "Silver, Gold, Bitcoin...and God!"
http://www.roadtoroota.com/
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