"Bank of Israel Governor Stanley Fischer said criticism of the U.S. Federal Reserve for its latest round of monetary stimulus is fundamentally misplaced. 'I see this as a move which is healthy for the global economy, while creating some problems for us and the rest of the world,' Fischer said...

Fischer, 67, was a professor at the Massachusetts Institute of Technology and served as Ben Bernanke's adviser on his graduate thesis.

From 1988 to 1990, Fischer was chief economist at the Washington-based World Bank. At the International Monetary Fund during the 1990s, he worked to resolve financial crises in Mexico, Russia and Southeast Asia. From 2002 to 2005, Fischer was vice chairman of Citigroup Inc."

-- Bloomberg News

So, Bloomberg says that Fischer approves of the job his protege Bernanke is doing. Somehow, I think that only fellow members of the Jewish banking syndicate would find this especially comforting. It always boils down to "us" versus "the rest of the world" doesn't it?

"When US Treasury Secretary Timothy Geithner landed in Istanbul for a global economic summit on October 2, 2009 his first meeting among the finance ministers and central bankers invited from more than 150 countries was with a man who controls an economy smaller than Missouri's. The private dinner discussion - details of which were withheld from the press - was a sign of how Bank of Israel Governor Stanley Fischer's influence exceeds the impact of Israel's $200 billion gross domestic product.

Fischer, 66, is a former Massachusetts Institute of Technology scholar who has been a mentor to a group of US policy makers trying to lead the world out of the worst recession in 60 years. Among his former students: Lawrence Summers, director of US President Barack Obama's National Economic Council; and Federal Reserve Chairman Ben S. Bernanke, whom Fischer advised on Bernanke's graduate thesis in 1979. As first deputy managing director of the International Monetary Fund during the 1990s, Fischer worked with Geithner and Summers, then US Treasury officials, to resolve financial crises in Mexico, Russia and Southeast Asia."

-- Jerusalem Post

Maybe one should ask the unwashed peasants in Mexico, Russia and Southeast Asia how well that worked out for them?