Sunday, April 8, 2012

New York Federal Reserve’s head of the markets group joins the bankster exodus, but why?

Madison Ruppert, Contributor
Activist Post

Twice now I have reported on the rash of resignations amongst top figures at financial institutions across the globe for Wake Up World (see here and here).

The number is growing by the day and I still can’t seem to find any solid reason behind why this is going on, as all of the resignations are allegedly unrelated, which is hard to believe when we see such huge numbers in such a small time span.

While I have no problem speculating and putting forth potential answers to these kinds of mysterious questions (while being sure to note that it is nothing more than speculation), I have yet to come up with anything I feel is logically and factually consistent.

I have had many readers, indeed hundreds, email me telling me it is related to the supposed “end of financial tyranny” being written about by David Wilcock, Benjamin Fulford, and others.

Unfortunately, there are just not enough facts to back up their assertions as of yet. There are many claims of high-profile arrests but no corroborating evidence ever presented.

There is indeed a massive lawsuit with some astounding allegations, but all of those are yet to move beyond anything but an allegation.

I’m a bit of an optimist, so I would love to believe that all of this is true, but the skeptic in me is screaming, “Where’s the evidence?” I have yet to be able to provide that evidence, nor has anyone else that I have been able to find.

If you have evidence that can back up the claims being made by Wilcock, Fulford, and others, please email me immediately. I beg of you, do not send me a link to the Divine Cosmos series as I have read it and it is all completely and totally unproven (I had to say it because that is mostly what people are sending me even though there is zero proof provided).

Add to the growing list of resignations Brian Sack, the head of the markets group at the Federal Reserve Bank of New York.

Sack was one of the major individuals behind the Federal Reserve’s monetary stimulus program and the move has left Wall Street shocked, according to the Denver Post.

According to a New York Federal Reserve press release issued recently, Sack tendered his resignation, but will remain in place until June 29.

June 29 is when “Operation Twist” – the Federal Reserve’s latest round of monetary stimulus – will come to a close.

The release said that after that date Sack will be placed on official leave until September 14. During this time Sack will have limited contact with the Fed.

Sack is leaving as the Federal Reserve’s monetary stimulus programs – better known as bailouts by most Americans – since the financial crisis in 2008 are coming under greater scrutiny.

Both bond holders and dealers along with investors are questioning if the Fed will enter into a third official round of Quantitative Easing, wherein they buy up their own bonds. Speaking colloquially, many experts refer to this as “printing money,” as that is what it effectively is.

They are also questioning if the third round of bond buying, which would likely be known as QE3, would actually stabilize the economy or leaving to inevitable eventual tightening of monetary conditions.

Many questions surround if the Fed’s activities will be necessary for sustained growth in the American economy with the constant threats in the economic and investment sectors remaining in place.

One expert was shocked by Sack’s resignation, and like me seems to be confused as to why such a thing would happen at a time like this.

“I’m dumbfounded,” said Raymond Stone, the co-founder of Stone & McCarthy Research Associates, which keeps close watch on the Federal Reserve’s policy. “He laid the groundwork for a lot of things the Fed has done and communicated clearly to the market. He did an excellent job in a difficult environment.”

Perhaps Sack realized that their program was doing nothing more than continuing to inflate the artificial bubble created by injections of cash into the market which only temporarily postpones an eventual collapse, likely making it even worse.

Perhaps Sack was fed up with observing the parasitic nature of the Federal Reserve and the unbelievable corruption that pervades the institution and decided that he no longer wanted to be part of robbing the American people blind.

Or maybe Sack saw an economic disaster on the horizon and opted to get out while he still could.

There is also the possibility that he resigned in order to avoid a future arrest, although given the near immunity banksters have enjoyed for so long, I doubt this is the case.

What the real reasons behind Sack’s decision, and the decision of hundreds of others in the financial and government sector, is anyone’s guess at this point.

However, we would be doing ourselves a disservice by not noting this trend and exploring the possibilities.

Once again, if you have any information or ideas on this subject, please contact me immediately at You can also contact me with tips on other subjects or even send me your original writing for publishing.

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This article first appeared at End the Lie.

Madison Ruppert is the Editor and Owner-Operator of the alternative news and analysis database End The Lie and has no affiliation with any NGO, political party, economic school, or other organization/cause. He is available for podcast and radio interviews. Madison also now has his own radio show on Orion Talk Radio from 8 pm -- 10 pm Pacific, which you can find HERE.  If you have questions, comments, or corrections feel free to contact him at


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Anonymous said...

I have a question for you. All these financial wizards are no longer reporting for work, so what are they doing with all this suddenly free time? Are they going out of country, and if so, where?

Anonymous said...

That's a silly question. Where else would you go if you stole over a biilion dollars? Hint- it's just like winning the super bowl.

They're going to Disney World !!!

Anonymous said...

FUKUSHIMA ???????????

Anonymous said...

Lacking further explanation, I consulted Iching.

Hexagram 33 of the Iching explains activity of withdrawing, tricking, competitive enticing in a context of self-restraint utilizing single mindedness.

In hexagram 33 we find that deference to the enemy through a structured retreat is the best path. This is a form of trickery, where we lead the enemy into believing we are retreating, only to return at another more opportune time. Contextually, we combine pulling away (49) with pretending (62), leading to apparent withdrawal.

Goal of 13 - hexagram 33 (or 'how do I 33?

Five-Phase Relationships : The trigram of Fire reflects Distribution. The trigram of Heaven reflects Exchange (competitive, opposition). Distribution through competitive exchange reflects associating with 'likeminded' for business.

Anonymous said...

There's a guy who's explaining why those financial execs are deserting like flies. It doesn't have to do with global arrests, because US law and most of international law doesn't have legal jurisdiction. However, markets are much more ruthless. He's got a free newsletter where he explains it here:

Once you sign up, you get access to the backdated editions of the newsletter. Here's a hint. It has to do with the implosion of 1000 trillion in derivatives, and think what the people of your own country will do to you when they figured out you gambled their money like a punch drunk idiot.

Anonymous said...

I, too, would like to believe Benjamin Fulford's and David Wilcock's story of "The Plan". However, there's an article from Benjamin dated April 2nd, 2012, which strains credulity, to say the least. He said:

"In the US, the Pentagon has begun asking citizens to stock up with 72 hours’ worth of food because of possible disruptions associated with the imminent replacement of the US dollar with a new Treasury dollar, according to CIA sources in California."

Really!? I didn't get that memo.

Anonymous said...

After you've stolen more money than you can spend in a dozen lifetimes why would you want to waste your time stealing more?

David Keith said...

If you print money and buy something with that money is that theft? If you loan that money and collect interest on that money is that fraud?So when is someone going to be arrested?

Lowenstein said...

What should you care what a rich master does with his time and money. Maybe he should go to Israel, center of the world.

The Divine Cosmos series is the fantasy of the goy. A bit of entertainment, but what else can they do? Nothing!

No financial tyranny, just goy who do not understand that they pay a fee to use our money.

Anonymous said...

Just "follow the money". No matter how much they stole, they'll want and need more. Are they becoming "consultants"? Are they getting ready for now positions at the "world bank"? On what terms are they leaving the current jobs? Are any of them talking? Are the banks they are currently leaving marked up for the next wave of consolidations?

Anonymous said...

you don't have a need to know. your master's will take care of these complicated matters.
move along sheeple nothing to see here.

Anonymous said...

I also think they're leaving to form another bank. A global bank. When they unveil it to us it will be staffed with these suddenly available experts.

Anonymous said...

He probably did it to avoid the headline "Sack gets the sack"

Anonymous said...

Meh thinks the rats are leaving the sinking ship and moving to that secret colony in the Moon the Newt[ered] referred to. They wanna make sure they're outta here before the shit hits the giant fan.

And, yes, that was a bit of humor since I don't believe there is a secret colony in the Moon. However, you guys have stumbled upon something really interest which is the otherwise unnoticed exodus of banksters. You gotta suspect that something is brewing & the governments around the world coming after them is not it.

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