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The Central Bank Stands on the Cusp of Losing Control, and its Fed Presidents Know It

Wednesday, February 15, 2017 15:48
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from Rogue Money:

The ascension of Donald Trump to the office of President marked a paradigm shift for the nation’s central bank, which has run autonomously and without any real oversight for the past eight years. But now a day of reckoning is coming upon the Federal Reserve, and it is appearing more and more that these ‘academic economists’ are more apt to quit and run than to face up to the havoc that their failed monetary policies have created.

On Feb. 10, the Fed’s top regulator suddenly handed in his resignation five years before his contract was up, signalling that members of the world’s largest central bank are about to come under some of the heaviest scrutiny, and possibly largest audit, the bank has ever received. And many of them are in fear of what the Trump Administration might find out regarding the unlawful activities they conducted outside their mandate.

Last October, as part of the Podesta email leaks, we disclosed the particularly close relationship between Fed governor Dan Tarullo and Barack Obama, which emerged as part of a previously undisclosed memo involving the AIG bailout. We speculated that as a result of this now public disclosure it was possible that Tarullo’s days at the Fed were numbered should Donald Trump win the election. Trump won, and moments ago Dan Tarullo unexpectedly announced that he is resigning in early April, just days after the Fed’s general counsel Alvarez also announced that he is departing the Fed.

What makes Tarullo’s resignation particularly notable is that Tarullo has been the Fed’s “regulatory point man” since 2009, suggesting some regulatory friction has emerged.— Zerohedge

This ‘relationship’ that is mentioned in the Podesta email leaks is in regards to Tarullo’s part in helping then President Barack Obama formulate the bailout of Goldman Sachs through a taxpayer funded bailout of insurance giant AIG.

But of course Tarullo’s resignation isn’t the only one being invoked here in February of 2017. Back in September of last year, Atlanta’s head man Dennis Lockhart put in his walking papers as well, effective at the end of this month.

And ironically, Lockhart will probably not be the only regional President to submit their resignation here in the coming months.

The rise of the Populist Movement, which began with Occupy Wall Street and has grown to elect a President that is in opposition to the central bank, has made the Masters of the Universe quake with fear, especially since they have no idea to what lengths Donald Trump will go in auditing, investigating, vilifying, and perhaps even indicting individuals who have destroyed the dollar, and the nation’s monetary system. In fact, more than 20 years of low to zero interest rates, expanding the money supply to the point where the nation’s debt is now greater than its annual GDP, and a side effect of wealth redistribution from the Middle Class to the ultra wealthy, has proven that either the Fed is utterly incompetent in their instituting of monetary policy, or they knowingly have been involved in a ponzi scheme meant to destroy the U.S. economy, and siphon its wealth into the hands of the top 1%.

And in both scenarios their punishment should be death. Death of reputation or death by hanging.

Three days ago, the second in command at the Federal Reserve admitted that the central bank was clueless on what to do next regarding monetary policy, which should not be surprising considering how much they lied about the nation’s ‘recovery’, and their use of faulty data models regarding inflation, unemployment, and the need to raise rates.

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