The Next Fed Chairman?
Thu, Sep 19, 2013 - 12:59am
In light of the absorbing Federal Reserve developments of today, let us stay on that theme: who will be the next Federal Reserve chairman?
Lawrence H. Summers, https://en.wikipedia.org/wiki/Lawrence_Summers? Nope. He withdrew from consideration. Despite the Fed chairman not being a political position, it seems the Senate Democrats pressured Summers to withdraw his nomination, fearing that the Senate would never vote to confirm Summers as chairman. So, it was political. But was this the real reason? Not a chance. Summers got the back of the limousine conversation. The one where a limo pulls up, Summers gets in. A scary looking guy tells Summers to withdraw from consideration as Fed Chief. Summers says he wants the position and will not withdraw his name. The scary guy pulls out a photo of JFK and tells Summers: "Look at the picture of the last guy who said no." The limo pulls over, Summers gets out, pukes, and promptly resigns. That's why.
Timothy Geithner, https://en.wikipedia.org/wiki/Timothy_Geithner a life long public servant, an insiders-insider, will it be him? Nope. Despite his perfect credentials, central banker, 75th secretary of the treasury, previous president of the Federal Reserve Bank of New York, why NOT him? Umm, because he looks like Beavis? Or is it because he is subject to withering criticism of the past TARP bailouts, or is concerned that the deficit is too high? Neither. He used up his time in office to good effect, and he has no more use to the elite. He also is almost certainly aware that this Fed Chair gets to preside over the western bankster collapse, and wants no part of that historical problem or baggage. He may be counted on by the banksters to do the right thing, but Tiny Tim has a way of screwing things up. Remember the USA downgrade: "No chance of that" is what he said. Oops, seems Geithner forgot his lines. That’s why.
What about Janet Yellen, https://en.wikipedia.org/wiki/Janet_Yellen? She is perfect. In every sense of the word. Harvard assistant professor (so she is smart). Professor of economics at Berzerkely, so she is a perfectly fine Keynesian economist, who probably completes Krugman’s sentences from time to time. She’s been with the Fed since 1994, and is the current Vice Chairwoman of the Fed. Sheesh, wikipedia has even updated its page on her, naming her as frontrunning contender for the Fed Chair as of YESTERDAY! She is a woman, too, duly emphasized by the New York Times, making her, according to the New York times, “historical” in the event she is appointed to the post. I wonder if the New York Times would consider convicted felon Bernie Madoff an “historical” selection for Fed Chief because he would be the first convicted felon to hold the post? Oh well, political correctness aside, Janet Yellen is absolutely perfect, from a political, Keynesian point of view, and that is exactly and precisely why Janet Yellen will not be the next Fed Chair.
William C. Dudley, https://en.wikipedia.org/wiki/William_C._Dudley will be the next Fed Chair. You heard it here first. He will not be the next Fed Chair because he is more qualified, or looks like a bankster, or happens to hold a PhD from Bezerkely. No. He will not be the next Fed Chair because he is the president of the Federal Reserve Bank of New York, or Vice Chairman of the FOMC. Nope.
Dudley will be the next Fed Chair because he is a former Goldman Sachs bankster. It is as simple as that.
The elite western banksters need Dudley in position to forestall erosion of power from the western banking elite to the east for as long as possible, and then, when collapse is imminent, the western elite need Dudley to help usher in the new currency. That’s why.
While Yellen gets the press, Dudley is choosing office decor.
You heard it here first. Prepare accordingly.