Fed Official Confesses Fed Rigged Stock Market — Crash Certain

Fed Official Confesses Fed Rigged Stock Market In a dynamite interview, Richard Fisher, former president and CEO of the Federal Reserve Bank of Dallas, gave what may be the biggest confession you’ll ever see and hear from a Federal Reserve insider: the Federal Reserve knowingly “front ran” the US stock market recovery (i.e., manipulated the market) and created a huge asset bubble.

Fisher expresses certainty that the “juiced” stock market will come down and is coming down now that the Fed has taken its foot off the accelerator … and that it has a long way yet to go.

While that is no news to readers here whose eyes are wide open, a “market put” has been denied by the Fed and by many market advisers.

That the market was an over inflated bubble created by the Fed has been denied, too; but Fisher clearly and gleefully admits the Fed created a bubble that will have to deflate now that the Federal Reserve’s stimulus is off.

As one of the members of the Federal Reserve’s FOMC (the Federal Open Market Committee, which sets US monetary policy), Richard Fisher participated in and voted on all of the Fed’s policies of zero interest and quantitative easing, so he has inside knowledge of all the discussions behind the scenes at the Fed.

Here are the significant quotes from Richard Fisher on CNBC’s video:

What the Fed did — and I was part of that group — is we front-loaded a tremendous market rally, starting in 2009.

It’s sort of what I call the “reverse Whimpy factor” — give me two hamburgers today for one tomorrow.

I’m not surprised that almost every index you can look at … was down significantly. [Referring to the results in the stock market after the Fed raised rates in December.]

Basically, we had a tremendous rally, and I think there’s a great digestive period that is likely to take place now, and it may continue.

We front-loaded at the Federal Reserve an enormous rally in order to accomplish a wealth effect.

I wouldn’t blame [what is happening in the market’s now] on China. We’re always looking for excuses.

I wasn’t surprised at last year. And I wouldn’t be surprised at a rather fallow performance this year as well.

A lot of people are building cash positions…. Those [investors] that are taking a longer term view are being extremely cautious here, are raising their cash levels, are nervous about the valuations that are in the market.

The values are very richly priced here, so I could see significant downside.

Asked if saw a big unwind from the Fed’s 6.5-year policy and what it would look like on the way down, Fisher responded,

I was warning my colleagues, “Don’t go wobbly if we have a 10-20% correction at some point…. Everybody you talk to … has been warning that these markets are heavily priced.

Elsewhere Fisher said:

The Federal Reserve is a giant weapon that has no ammunition left.

You have to be careful here and frank about what drove the markets…. It was, the Fed, the Fed, the Fed, the European Central Bank, the Japanese Central bank … all quantitatively driven by central bank activity. That’s not the way markets should be working…. They were juiced up by central banks, including the Federal Reserve…. So, I think you have to acknowledge reality.

It’s about time for breaking the economic denial. Acknowledging reality is what many in the mainstream media, at the Fed, and among economists and stock analysts refused to do.

Now that the US stock market appears to be crashing, is Richard Fisher’s confession to cover his own hind end, by saying, “I warned the guys about this, and I voted against QE3 because I knew it went too far?”

Is he just the first rat to flee the sinking ship, or is he just the most honest of Fed officials who is no longer on the board so feels freer to talk?


Disclaimer: Any views or opinions presented in this article are solely those of the author/source presented below, and do not necessarily reflect the position of CSGlobe or its staff.

Find us here

Get news from the CSGLOBE in your inbox each weekday morning

The views and opinions expressed in this article are those of the authors/source and do not necessarily reflect the position of CSGLOBE or its staff.

Paid content

6 Examples of Mainstream Media Manipulation

Is Everything in the Mainstream Media Fake? The world of television and modern media has become a tool of de-evolution, propaganda and social control. Since...

The ‘Gateway Drug’ Is Alcohol, Not Marijuana

Researchers at the University of Florida have found that the theory of a “gateway drug” is not associated with marijuana – results from the...

Proof That Big Pharma Doesn’t Care About Vaccine Harm

Big Pharma ’s corruption goes back decades. Wyeth’s attempt in 1979 to find a way to make it difficult or impossible to track batches...

What's New Today

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

Leaked CDC document contradicts Pence claim that U.S. coronavirus cases ‘have stabilized’

Even as Vice President Mike Pence wrote in a Wall Street Journal op-ed published Tuesday that coronavirus...

Five bombshells about Trump from Bolton ‘s book

Excerpts from former national security adviser John Bolton ’s book about his time in the Trump administration...

Don’t Listen to Fox. Here’s What’s Really Going On in Seattle’s Protest Zone.

It seems I live in a city undergoing a “totalitarian takeover” that will lead to “fascist outcomes”...

MOST READ

What Is Agenda 21? Depopulation of 95% of the World By 2030

Most people are unaware that one of the greatest threats to their freedom may be a United Nations program which plans to depopulate 95%...

Complete List of BANKS Owned/Controlled by the Rothschild Family

What’s the significance of having a central bank within a country and why should you concern yourself, your family and colleagues? Central banks are illegally...

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

6 Examples of Mainstream Media Manipulation

Is Everything in the Mainstream Media Fake? The world of television and modern media has become a tool of de-evolution, propaganda and social control. Since...

Here’s how Stephen Hawking predicted the world will end

When he wasn’t solving the mysteries of black holes and revolutionizing theoretical physics, Stephen Hawking spoke (a lot) about how the world would end. From...

How To Reduce Your Chances Of Getting Shot By Police

If you ever find yourself in the United States of America, you might end up getting shot by a police officer. It doesn’t matter if...

Fukushima Reactor #2 Pressure Vessel Breached, Rising To ‘Unimaginable’ Levels Of Radiation

Radiation levels inside a damaged reactor at the Fukushima Daiichi nuclear power station are at their highest since the plant suffered a triple meltdown...

Woman is jailed for two weeks for having sex so loudly it upset her neighbors

Residents of Small Heath, Birmingham, said she was - neighbor from hell' If you’ve ever grumbled about noisy neighbors, spare a thought for families living...

Massive 800 Foot Crop Circle Is Actually Real – Who Could Do Something Like This?

Crop Circles Explained This massive 780-foot (238 meters) crop circle appeared in a remote area (Milk Hill) of Wiltshire, England back in 2001. It was...

The Revelation of the Pyramids

The Great Pyramids For centuries, the Great Pyramids have fascinated Mankind; every year brings a batch of new theories, from the plausible to the absolutely...

This Is What Different Fingers Length Reveals About Your Personality!

Did you know that the length of your fingers can reveal something about your personality!? Compare the length of the index finger and ring finger...