Fischer with his newly acquired Israeli ID in 2005
a. He is going to be the richest individual in the Fed
b. He has an enormous investment in Blackrock - one of two firms that he designated to handle Israel's foreign reserves.
As Governor of Bank of Israel Fischer single-handed implemented a proven unsustainable policy of supporting the dollar against the Israeli Shekel. Following his hasty departure from Israel it turned out the such policy incurred so far a loss of NIS 40 billions - an enormous sum relative to the Israeli economy.
Fischer is a key figure in the global banking cartel. His track record shows more of the same in Israel and elsewhere:
- Fischer treacherous conduct was first alleged by Nobel Prize winner Joseph Stiglitz, relative to his conduct in Argentina as senior officer of IMF
- Similar claims were raised relative to his conduct in Russia as a senior officer of the World Bank
- Fischer was member of the senior management team that caused the collapse of Citigroup, which required enormous bailout by the US Treasury.
- In Israel, Fischer created a real estate bubble, similar to that in the US in 2000s, according to a recent OECD report.
- In Israel, Fischer established disregard of FOIA in Bank of Israel, according to report by the Israeli FOIA Association (NGO)
- In Israel: Fischer established banks above the law, subservient to the US surveillance apparatus.
LINKS:
[1] 02-06-06 Globalisation and its discontents by Joseph Stiglitz_The Economist
http://www.arlindo-correia.com/100902.html
[2] 14-01--09 How the Fed’s Would-Be No. 2 Helped Wreck Russia_American Conservative
http://www.theamericanconservative.com/articles/how-the-feds-would-be-no-2-helped-wreck-russia/
[3] 13-11-30 Stanley Fischer's legacy in Israel - placing banks above the law, subservient to the US surveillance apparatus_US_OpEdNews.com
http://www.opednews.com/articles/Stanley-Fischer-s-legacy-i-by-Joseph-Zernik-Above-The-Law_Banks_Banks-Bullying-Customers_Banksters-13113
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