Senator Warren must be very pleased to see this good man in ruins today. Jeffrey Lacker is now barreling towards wanton alcoholism and on his way to prison, after revealing he’d done wrong. Today, Richmond’s Fed President, Jeffrey Lacker resigned, admitting that he provided a ‘journalist’ employed at an advisory firm, Medley Global Advisors, with insider information.
Since 2015, Sen. Warren had been trying to get to the bottom of a report that was issued by Medley Global Advisors, titled ‘December Bound.’
In it, the author, Regina Schleiger, said the Fed would be implementing a QE program of $45b per month, also providing the exact employment threshold of 6.5%, which would be used as a barometer of Federal Reserve success.
In her little newsletter, she offered up nice little details regarding the Fed personnel and how they burnt the midnight oil — trying to concoct new ways to ensnare America into their diabolical schemes.
According to a statement issued by Jeffrey Lacker today, he was the leaker of this most sensitive information to Regina Schleiger. His motives remain unclear. What we do know, however, is that the Fed had been trying to derail this investigation for years, obsfucating it by saying Medley knew no more than the Wall Street Journal, when in fact that was a lie.
Following the September 2012 Fed meeting, markets rose after QE3 was announced. Fed’s Lacker provided Medley with the blueprint of the policy to come. The subsequent result was a global rally in stocks and rout in bonds.
SPY returns after Lacker committed a crime
Sept +2.54%
Oct -1.82%
Nov +0.57%
Dec +0.89%
Returns of TLT after Lacker committed a crime
Sept -2.53%
Oct -0.48%
Nov +1.16%
Dec -2.49%
Returns of Gold after Lacker Committed a crime
Sept +4.67%
Oct -2.94%
Nov -0.47%
Dec -2.43%
Returns of the dollar after Lacker committed a crime
Sept -1.7%
Oct -0.14%
Nov +0.14%
Dec -0.50%
So why the sudden burst of honesty from the Fed?
Perhaps they’re trying to avoid an audit? Just a few weeks ago, the House Committee passed a bill to be voted on by the house which would order an audit.
Coincidence? I think not.
I’m sure this sort of bullshit has been happening for decades. These little shits providing people with insider knowledge, in return get invited to speak for elaborate fees.
Now more than ever, I think it’s imperative that we get to the bottom of this cesspool. Time to audit the Fed.
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There is never just one cockroach!
Auditing the Fed won’t change a thing. We’re in a crony capitalist government right now, with DT making it far far worse than it was before he entered office. So if the Fed gets audited, then crony capitalists will audit crony capitalists.
We should have a totally government controlled central bank, an economy that is a mixture of capitalism and socialism, and an honest government that finds methods of greatly reducing corruption. Like Singapore does. Their governmental corruption is almost nothing.
You can’t have an honest government, if you bash people in government regardless of what they do– unless they are Trump appointed crony capitalist Republicans in which case you praise them to the skies, even if they are in bed with Russian spies. And you can’t have an honest government, if you have a crony capitalist government and economy like we have now.
I guess the good part of people electing Trump is that they want a government of the people. The bad part is that so many people are so naive that they will vote for anyone who tells them what they want to hear, even if that person is obviously and continuously lying.
Frog is back.
Still a fuckface farting with his mouth, apparently.
Had to be around the whole time restraining himself. Too long did not read.
Hey Frog,
Trump just got there. Don’t throw the “Gov is corrupt” book in his lap yet like he is the architect. There’s a reason both sides of the aisle are undermining him. Think.
What did Trump lie about?
obviouly, the frog is still in the midst of his DJT-inspired nervous breakdown, i.e. TDS or Trump Derangement Syndrome
Let’s skip the audit; move past Go and right to abolish. The world would experience a much more congenial landscape. The BIS and their cohorts of global CB’s are nothing more than facilitators of destruction, both socially and economically.
Change takes time partner. That can and will happen but the problem solving is how to to right the fucking ship. You needed a fixer. And now you have one. Embrace the change. (remember embrace the horror? was it Krull or a name like that?)
Speaking fees buy so many succulent hot dogs. Almost makes them free.