The tentacles of the Federal Reserve have squeezed tighter around the proposed Obama administration. Timothy Geithner, the now president of the Federal Reserve Bank of New York, has been tabbed to be the new Secretary of Treasury.
Acording to the Washington Post, Geithner, at 47 is the same age as Obama and would represent a generational change in the highest levels of Washington economic policymaking.
A Democrat and a relative unknown outside the world of high finance, Geithner has worked closely with Treasury Secretary Henry M. Paulson Jr. to devise responses to the most critical events of the market turmoil, including the bailouts of the investment bank Bear Stearns and the insurance giant American International Group. Like Paulson, Geithner believes that the Treasury should be given vast powers to develop experimental strategies for responding to the crisis and the flexibility to abandon them if they don't work.
Geithner's mentor is Lawrence H. Summers, 53, a Treasury secretary during the Clinton administration who also was in the running for the job. Summers instead will go to the White House and serve as a senior economic adviser to Obama.
In the late 1990s, he worked under Treasury Secretary Robert E. Rubin and Summers to guide the Clinton administration's response to currency collapses in Russia, Mexico and Asia. In the last years of the administration, Summers became Treasury secretary and Geithner was promoted to undersecretary.
No big surprise here. Obama's handlers and groomers have ensured that they have their man heading in the right direction. That direction being the continued manipulation of the US and world economies as decided by the Fed and the globalist central bankers. The next four years and Obama's re-election in 2012 will see the hundred year anniversary of the privately owned, illegal and criminal Federal Reserve in 2013.
No change here. The Fed will continue to strangle the American people and lead us deeper into the planned two class system, the rich and the poor. A one world currency is on the horizon and the sovereignty of the US is in jeopardy.
The Fed and the global central banks thrive on war. It's their biggest money maker. The lives of the lower classes do not matter. Don't expect anything but cosmetic strategy changes in the fraud of the 'war on terror'. The bankers depend on it.
The conformation hearings for Geithner will offer an opportunity for Congress to ask some very pertinent questions. Not the least of which would be "Who owns the Fed". A thorough grilling of Geithner on this question, broadcast on CSPAN and reported in the main stream media, could give the American people insight into what is actually happening in the shadow world of finance.
It won't happen. The conformation hearing will be a sham and the Fed will roll on with their puppet men controlling the game.
More background on Geithner.
Yes. Timothy Geithner, selected by Barack Obama to be secretary of the treasury, is a Jew.
Geithner is now president of the Federal Reserve Bank of New York. He is the son of Mr. and Mrs. Peter F. Geithner of Larchmont, N.Y. He is married to Carole M. Sonnenfeld and has two children. The Rev. Thomas Keehn, a United Church of Christ minister, officiated at his wedding.
All three men, Geithner, Lawrence Summers and Paul Volcker who had been under consideration by President-Elect Barack Obama for the Secretary of the Treasury post in his administration, are Jews.
Former Treasury Secretary Lawrence Summers is a Jew. In 2002 he wrote of himself, "I am Jewish, identified but hardly devout."
Summers now is likely to be named as an economic adviser to Obama. He then may succeed Ben Bernanke in 2010 as Chairman of the Federal Reserve.
Former Federal Reserve Chairman Paul Volcker is a Jew. He is a native son of Teaneck New Jersey and a graduate of Teaneck High School. His father was the township's first Municipal manager.
Volcker was appointed Chairman of the Federal Reserve in August 1979 by President Jimmy Carter and reappointed in 1983 by President Ronald Reagan.