Fed's Fisher Tells The Truth

Tyler Durden's picture

Some brutal truth from the Dallas Fed's Fisher

  • FISHER SAYS THERE IS `PRICE' FOR `TINKERING' MORE WITH POLICY (about $1MM per FOMC Member)
  • FISHER SAYS THINGS WILL BE WORSE IF FED JUST PRINTS MORE MONEY (there is no money printing... the Chairsatan said so)
  • FED'S FISHER SAYS `MONETARY POLICY HAS EXHAUSTED ITSELF (but the Chairsatan just said the Fed is prepared to confirm its madness by doing for the third time what failed twice already)

Ignore the second bullet point: according to the Fed Chairman and chartalists it is all just an asset swap. "There is no money printing" is what one hears all day long after all. Or wait, maybe someone else is confused, and perhaps Fisher is actually telling the truth. Oh well, semantics. Either way, Fisher's pink slip is in the mail.

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j0nx's picture

What is this shit? Good FED bad FED? Believe nothing that these cretins say.

DosZap's picture

It's all good.

The Bernake said they have not spent any money, they have made money.

128 Billion, on a 500 Trillion investment...........

For what assets of equal or greater value?.

Hell of a deal.

66Sexy's picture

As long as he is the lone madman, we will get QE and debt ceiling raised..

His majesty said no debt ceiling raise, is like spending spree and not pay bill.

This 'Fisher' is clearly a terrorists. Incarcerate the usurper!

We must keep the uneducated and unindoctrinated lunatics and conspiracy theorists in a vacume and under control.

lunatics that read independent blogs and buy silver.

JW n FL's picture

everything you just said gave Law Enforcement Probable Cause to Search You and Your Surroundings.. You Sir are a Home Grown Terrorist! The FBI / TSA are training Local Law Enforcement how to deal with you Americans who believe in the "Constitution of the United States".. expect an updated Constitution more in line with the Procedural Process Exercised by the Judicial.

JW n FL's picture

Have a Political View? Share this view on Twitter or Blog? **YOU!** are a Terrorist PER Homeland Security http://goo.gl/0YRnN See Link(s) and Official Report(s).

Careless Whisper's picture

Yes, it's tradition and it's also one big ponzi scheme by the banking cartel federal reserve.

It's sort of like a convicted ponzi schemer bidding on his own assets, at autcion, when they get auctioned to pay the victims. Oh wait, that really happened today.

http://www.lohud.com/article/20110713/NEWS01/107130341/North-Salem-s-Pau...

North Salem's Paul Greenwood bid on his own seized items at auction
Sudden Debt's picture

they make teeth from traditions.

 

Cognitive Dissonance's picture

It's world class financial tennis at its best.

Or Ping Pong when the Chinese finally take over.

francis_sawyer's picture

Played with the sophistication of an Atari PONG system...

Tim White's picture

Where's Forest Gump when you need him?

digitlman's picture

If I was drinking milk, it would spit out my nose at that.

depression's picture

Hang on just one second now, no one said anything about printing money !

Exchanging worthless USD currency for worthless Uncle Sam IOU's is a wash.

Fishcher is a loudmouth nitwit who skipped math in college, $0 = $0 dumbass.

Sgt.Sausage's picture

Shutup and eat yer danged peas, ferchrissake!

francis_sawyer's picture

They haven't told you the punchline yet...

You're gonna have to eat your peas with chopsticks...

slaughterer's picture

Fisher will always vote with Ben.  His public statements mean nothing.  He is just the "hedge" to today's Bernanke "dovish surprise" in case Bernanke has to flip flop. 

Mongo's picture

What does it matter what Fischer says? The Bernank couldn't care less!

Mr Lennon Hendrix's picture

Bernanke can not be as dumb as he looks.  He must be acting like a gimp like Kaiser Soze while he carpet bags the world.

NOTaREALmerican's picture

There's only 3 possibilities:

1)  He's a sociopath working for the nobility that owns the country.

2)  He's a true-believer in a failed economic religion.

3)  He knows there's no solution but is doing anything he can to postpone the inevitable.

 

Personally,  I think it's number 2.

johny2's picture

number 3. but it is the same result anyway.

MachoMan's picture

If you believe it's number 2, then you'll need to come up with a good reason for the bernak jitters...  zealots don't twitch and he ain't going to win an academy award.

stewie's picture

Since the choices are non-exclusive, I say all of the above, without the sociopath part.

 

A Man without Qualities's picture

There are countless first class academics who are extremely dumb when it comes to understanding the real world.  Part of the reason why they retreated into academia was because they found it too hard to apply their theories to the practical and chaotic.  I often think that Bernanke has a form of Stockholm Syndrome, where he's been kidnapped out of his quiet cosy life at Princeton by a bunch of manipulative money men, who he is utterly reliant upon for confirmation his theories can work in real time.  He seems to get flashes of doubt every time he speaks, like maybe they are using me, but he does not have the strength to break free.

stewie's picture

+1.  Nice comment.  I tend to agree.  Probably kidnapped by his own greed, since he must have been promised wealth for himself and his family for generations to come.

 

 

 

hamstercheese's picture

+1, great comment. Can think of others in my personal life who fit this description.

Oh regional Indian's picture

Carpet Bag.

Carpet Bomb.

And that Kaiser Soze movie is a close tie with The Crying Game for Massive Movie TIT. Twist In Tale that is. 

Of course they are all method acting out a script LH. The scouting system we see in major league sports is a pale shadow of the one in place for these POSitions.

The Rhodes Scolarship is the one where they get the Indians. Off to Ox-Ford or Cambridge to get Globalized. It is considered the highest student honour in India.

And there you have it.

ORI

http://aadivaahan.wordpress.com/2011/07/08/july-15th-aug-15th-month-long-window-coming-up-initial-thoughts/

Xibalba's picture

aka. Koch bros

GeneMarchbanks's picture

Those are Deep Thoughts. Remember SNLs Deep Thoughts?

Cognitive Dissonance's picture

I demand we bring back Sniglets. Easy, fun, educational and nutritious to boot.

http://en.wikipedia.org/wiki/Sniglet

Cognitive Dissonance's picture
No fair. You must also provide the definition. :>)
http://www.urbandictionary.com/define.php?term=indicisajig You know when your walking down the hall or something, and you bump into someone else, and you do the little dance thing cause you don't know which side to pass on? that's an indicisajig I was in the mall and I did an indicisajig with this girl for an entire minute, it was so awkward.
I Am The Unknown Comic's picture

I submitted the word "slilch" to Rich Hall to describe the layer of foam and and that who-knows-what it is brown stuff that results from making Nestea.  It didn't make the show. :<(  

However, if I ever hear somebody use the word slilch, I will know they are a fellow ZH'er.  Maybe it could be our code word?

Cognitive Dissonance's picture

Now that the code word is settled, what do you propose for the secret handshake and the hand signal?

In fact, didn't Banzai7 work on this a while back?

francis_sawyer's picture

Some pencil necks at MIT are working on some HFT algos for indicisajig

GeneMarchbanks's picture

'Icealanche: The avalanche of ice that occurs when a glass or cup is tipped up to drink the last of the liquid.' 

I wonder if The Bernank has had this happen?

slewie the pi-rat's picture

don't bogart, gene.  put the freakin bong down before we die laughing...

j0nx's picture

"The crows seemed to be calling his name thought Caw" - My favorite Deep Thoughts.

 

buzzsaw99's picture

fisher is irrelevant

stocks cannot go down

t-bond yields cannot go up

thus saith the bernank

 

 

km4's picture

Bernanke's ready to ease monetary policy further if the economy weakens

YouTube - The Pusher 

bankonzhongguo's picture

There will be blood.

alien-IQ's picture

I would NOT want to be on the same airplane as that man any time in the near future.

Doyle Hargraves's picture

+1 something outta the clinton playbook...