Saturday, July 6, 2013

13-07--07 Jacob Frankel is appointed second Governor of the Corporatist Province of Israel on behalf of the international banking cartel...

 
Stanley Fischer with his newly minted Israeli ID in 2005, and Jacob Frankel -  First and Second Governors of the Province of Israel on behalf of the international banking cartel....

Occupy Tel Aviv, July 7 - Jacob Frankel was appointed governor of the Bank of Israel, at once the head of the State of Israel's national bank and its banking regulation. Prime Minister Netanyahu announced the last minute appointment concomitantly with the end of the tenure of Stanley Fischer, who is returning to the United States.

Fischer announced his resignation this January, two years before his second term was due to end. Petition, filed last December with the High Court of Justice of the State of Israel claimed that Fischer patronized criminality by Israeli banks, and that he exchanged his loyalty to the State of Israel and its law with loyalty to another nation (US) and its law, and/or loyalty to financial institutions and their interests. [1] In recent months, major Israeli financial corporations defaulted on their public debt.

Mr Frankel's appointment received mixed reviews in Israeli media, which noted that at the end of his previous tenure as Governor, he was asked to refund the State a considerable sum for not allowed expenses, which he had paid himself.

Media also noted that in recent years Mr Frankel was involved in questionable financial operations (JPMorgan, Merrill Lynch, AIG). In particular, during his tenure as Vice Chairman of AIG, the company collapsed. Frankel claims that he holds not responsibility in the matter...

Also of note is Mr Frankel's service with the International Monetary Fund, the Council on Foreign Affairs, and the Trilateral Commission.

During Mr Fischer's tenure, poverty levels in Israel doubled, while the economy was growing. More of the same, or worse, is expected under Frankel, while banksters' interests are likely to be well-served.

Given various measures of recent years, including the "privatization" of court records (to IBM? EDS? the State Ombudsman's 2010 report did not specify which of the two corporations), "privatization" of the State's electronic signatures (to ComSign, LTD) secret military installations built in Israel by the US military, and the appointment of both Fischer and Frankel as Governors of the Bank of Israel, the State of Israel today should be properly considered a corporatist province of the United States.
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From Jacob Frankel's bio in Wikipedia, the propaganda organ:
Frenkel is currently the Chairman of JPMorgan Chase International, which executes the international strategy of the American financial services firm.[2] He also serves as Chairman and CEO of the Group of Thirty (G-30), which is a private, nonprofit, consultative group on international economic and monetary affairs.
Frenkel served from 2004 to 2009 as Vice Chairman of American International Group (AIG) and from 2000 to  2004 as Chairman of Merrill Lynch International, as well as Chairman of Merrill Lynch’s Sovereign Advisory and Global Financial Institutions Groups. Between 1991 and 2000 he served two terms as the Governor of the Bank of Israel. He is credited with reducing inflation in Israel and achieving price stability, liberalizing Israel’s financial markets, removing foreign exchange controls, and integrating the Israeli economy into the global financial system. During 1995-1996, Frenkel served as Chairman of the Board of Governors of the Inter-American Development Bank and, during 1999-2000, as Vice Chairman of the Board of Governors of the European Bank for Reconstruction and Development.
Between 1987 and 1991, he was the Economic Counselor and Director of Research at the International Monetary Fund, and between 1973 and 1987 he was on the faculty of the University of Chicago where he held the position of the David Rockefeller Professor of International Economics and served as Editor of the Journal of Political Economy.
He is a fellow of the Econometric Society, a foreign honorary member of the American Academy of Arts and Sciences, a member of the Board of Directors of the National Bureau of Economic Research, a former member of the International Advisory Board of the Council on Foreign Relations, a member of the Trilateral Commission...
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LINKS:
[1] 12-10-23 PRESS RELEASE – Petition alleges Bank of Israel Fischer patronizes criminality at Bank HaPoalim, BM


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