Explosive CNBC interview – Richard Fisher admits Stock Markets are Fake, driven by QE
Georgi Stankov, January 13, 2016
Guys, this is indeed an avalanche of revelations and admissions that were unthinkable only a week ago. With our massive cleansing effort since the beginning of 2016, we have created a completely new energetic dynamics that will sweep away the old Orion order in the coming days. You are more glorious and victorious than you feel now due to this massive physical depletion which we had to undergo in order to open the hearts and minds of the new transliminal walk-ins that entered the physical vessels of former banksters and dark ruling cabal after we opened the Christmas portal.
Please understand, we have won not only this latest huge battle, we have won the war against the Orion matrix and its evil supporters. We have installed numerous Trojan horses in all the centres of power and now there is no stopping for the truth these walk-ins will be forced to reveal driven by their transliminal souls and liberated by the PAT from their darkest human imprints, thought and behaviour patterns.
It all peaked on January 4th when I started the massive alchemical reaction to cleanse the dark imprints of the 49% dark entities, who are now receiving transliminal souls as walk-ins, first in Germany and then worldwide. Exactly one day later Richard Fisher, former president and CEO of the Federal Reserve Bank of Dallas, gave what may be the biggest confession you have ever seen and heard from a Federal Reserve insider:
The Federal Reserve knowingly “front ran” the US stock market recovery, rigged them for eight years in a row at the expense of a massive debt balance sheet of $ 4.7 trillion that will cause the collapse of the entire financial and economic system this year.
Summary of the Interview
In this interview 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 advisors. That the market was an overinflated 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. This is exactly what Brad and I have repeated numerous times in 2015 and I personally since the opening of this website.)
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. (In clear words: we rigged the markets to create a massive Ponzi scheme.)
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 he saw a big unwind from the Fed’s 6.5-year ZIRP 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.
The Federal Reserve is a giant weapon that has no ammunition left.
(It is leitmotif of all my economic articles that the central banks are out of the game since the crisis in 2008 when they started their infinite QE program and inflated the financial markets with zero effect on the real economy. In fact, in this way they only deepened the Greatest Depression of all time that began with the 2008 crisis.)
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?
He is simply a walk-in of a powerful transliminal soul who wants only one thing – to reveal the whole truth and nothing else but the truth as to leave this reality, this compromised human body and to ascend with us. It has begun, brethren!