Senator Warren must be very pleased to see this good man in ruins today. Jeffrey Lacker is now barreling towards wanton alcoholism and on his way to prison, after revealing he’d done wrong. Today, Richmond’s Fed President, Jeffrey Lacker resigned, admitting that he provided a ‘journalist’ employed at an advisory firm, Medley Global Advisors, with insider information.

Since 2015, Sen. Warren had been trying to get to the bottom of a report that was issued by Medley Global Advisors, titled ‘December Bound.’

In it, the author, Regina Schleiger, said the Fed would be implementing a QE program of $45b per month, also providing the exact employment threshold of 6.5%, which would be used as a barometer of Federal Reserve success.

In her little newsletter, she offered up nice little details regarding the Fed personnel and how they burnt the midnight oil — trying to concoct new ways to ensnare America into their diabolical schemes.

According to a statement issued by Jeffrey Lacker today, he was the leaker of this most sensitive information to Regina Schleiger. His motives remain unclear. What we do know, however, is that the Fed had been trying to derail this investigation for years, obsfucating it by saying Medley knew no more than the Wall Street Journal, when in fact that was a lie.

Following the September 2012 Fed meeting, markets rose after QE3 was announced. Fed’s Lacker provided Medley with the blueprint of the policy to come. The subsequent result was a global rally in stocks and rout in bonds.

SPY returns after Lacker committed a crime

Sept +2.54%

Oct -1.82%

Nov +0.57%

Dec +0.89%

Returns of TLT after Lacker committed a crime

Sept -2.53%

Oct -0.48%

Nov +1.16%

Dec -2.49%

Returns of Gold after Lacker Committed a crime

Sept +4.67%

Oct -2.94%

Nov -0.47%

Dec -2.43%

Returns of the dollar after Lacker committed a crime

Sept -1.7%

Oct -0.14%

Nov +0.14%

Dec -0.50%

So why the sudden burst of honesty from the Fed?

Perhaps they’re trying to avoid an audit? Just a few weeks ago, the House Committee passed a bill to be voted on by the house which would order an audit.

Coincidence? I think not.

I’m sure this sort of bullshit has been happening for decades. These little shits providing people with insider knowledge, in return get invited to speak for elaborate fees.

Now more than ever, I think it’s imperative that we get to the bottom of this cesspool. Time to audit the Fed.

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