This page has been archived and commenting is disabled.

Fred Mishkin's "Outside Compensation" List Revealed

Tyler Durden's picture




 

Perhaps the most memorable outcome of the 2010 movie "Inside Job" by Charles Ferguson, was the historic humiliation of former Fed governor and current Columbia University professor, Fred "Napoleon Dynamite" Mishkin. For those who are unaware why, we urge you to watch the following clip which explains it all.

Well, as a result of Inside Job's epic embarrassment of Mishkin, we were amused and delighted to see that a recent development which is now prominently featured on Mishkin's Columbia university portal site, is a new disclosure page named simply enough: "Disclousure of Outside Compensated Activities" (sic) and yes, it is misspelled.

So for all those curious who Fred Mishkin has received money from in the past 8 years, here is a partial list:

Federal Reserve Bank of New York, Lexington Partners; Tudor Investment, Brevan Howard, Goldman Sachs, UBS, Bank of Korea; BNP Paribas, Fidelity Investments, Deutsche Bank,, Freeman and Co., Bank America, National Bureau of Economic Research, FDIC, Interamerican Development Bank; 4 hedge funds, BTG Pactual, Gavea Investimentos; Reserve Bank of Australia, Federal Reserve Bank of San Francisco, Einaudi Institute, Bank of Italy; Swiss National Bank; Pension Real Estate Association; Goodwin Proctor, Penn State University, Villanova University, Shroeder’s Investment Management, Premiere, Inc, Muira Global, Bidvest, NRUCF, BTG Asset Management, Futures Industry Association, ACLI, Handelsbanken, National Business Travel Association, Urban Land Institute, Deloitte, CME Group; Barclays Capiital, Treasury Mangement Association, International Monetary Fund; Kairos Investments, Deloitte and Touche, Instituto para el Desarrollo Empreserial de lat Argentina, Handelsbanken, Danske Capital, WIPRO, University of Calgary, Pictet & Cie, Zurich Insurance Company, Central Bank of Chile, and many, many more.

The full list is below:

 

Finally, anyone who has still not seen Inside Job can do so below:

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 02/23/2013 - 15:54 | 3270126 LawsofPhysics
LawsofPhysics's picture

Roll the motherfucking guillotines already.

Sat, 02/23/2013 - 15:57 | 3270130 fonzannoon
fonzannoon's picture

agreed, at least start expanding his prostate or something. What a dirty whore.

Sat, 02/23/2013 - 16:04 | 3270145 I think I need ...
I think I need to buy a gun's picture

WTF,,,the whole things a joke

Sat, 02/23/2013 - 16:25 | 3270185 SilverDOG
SilverDOG's picture

I think I need ...

 

 

Distracting the majority away from the underlying strategy.

 

Complete Ownership.

Sat, 02/23/2013 - 16:34 | 3270207 MiguelitoRaton
MiguelitoRaton's picture

Yes Mishkin was humiliated...until he looked at his bank account again and realized it didn't mean Jack Shit.

Sat, 02/23/2013 - 16:54 | 3270241 Pladizow
Pladizow's picture

Gosssshhh!

Sat, 02/23/2013 - 18:37 | 3270387 AlaricBalth
AlaricBalth's picture

And here is Glenn "You've got three minutes left" Hubbard's list of outside activities.

http://www1.gsb.columbia.edu/mygsb/faculty/research/pubfiles/4572/Hubbar...

Robert Glenn Hubbard, Dean, Graduate School of Business, Columbia University

DIRECTORSHIPS
Met Life
Capmark Financial Corporation; Information Services Group
ADP, Inc.; KKR Financial Corporation; BlackRock Closed-End Funds Duke Realty Corporation
Dex Media/R.H. Donnelley
ITU Ventures
Angel Society, LLC;
Information Technology University, LLC

CONSULTING OR ADVISORY
Arcapita
Nomura Holdings America

Consulting or Speaking Engagements at Some Point During the Past Five Years:
U.S. Department of Justice, Airgas, Alternative Investment Group, American Century, America’s Health Insurance Plans, ApexBrasil, Association for Corporate Growth, Bank of America, Bank of New York Mellon, Barclays Services Corporation, BNP Paribas, Capital Research, Citigroup, Deutsche Bank, Fidelity, Franklin Resources, Freddie Mac, Goldman Sachs, Intel, JP Morgan Chase, Microsoft, National Rural Utilities Cooperative Finance Corporation, NMS Group, Oracle, Pension Real Estate Association, Real Estate Roundtable, Reynolds American, Royal Bank of Scotland, Visa, Wells Fargo
Laurus Funds
Chart Venture Partners
Ripplewood Holdings

Arcapita is the former First Islamic Investment Bank, a Sharia Law compliant financial institution based out of Bahrain. Hubbard maintained an advisory relationship with them from 2005-2009.

Sat, 02/23/2013 - 19:03 | 3270432 TruthInSunshine
TruthInSunshine's picture

Mishkin is a whore for the financial industry, yet surprisingly, he actually co-wrote a paper recently (with three other former members or advisors to the Federal Reserve), in which it was emphasized that the Federal Reserve balance sheet is already at dangerous levels, and warnns that not only does the Fed face a significant risk of substantial losses in the value of its existing portfolio, but that it is now at the point whereby adding to its balance sheet through unsterilized purchases of MBS/Treasuries, etc. increases the possibility of a sudden loss of the ability to fix interest rates-- even at the margin-- and could lead to significantly adverse macroeconomic shock (as the Fed is suddenly forced with an inevitable temptation to do "fiscal policy" in quite direct ways):

Bloomberg: Economists Warn Fed Risks Losing Control

Four economists, including a former Federal Reserve governor who has co-written research with Chairman Ben S. Bernanke, warned that losses from the central bank’s more than $3 trillion balance sheet could lead to the Fed losing control of monetary policy.


“The combination of a massively expanded central bank balance sheet and an unsustainable public debt trajectory is a mix that has the potential to substantially reduce the flexibility of monetary policy,” the economists write. “This mix could induce a bias toward slower exit or easier policy, and be seen as the first step toward fiscal dominance. It could thereby be the cause of longer-term inflation expectations and raise the risk of inflation overall.”

 

The conclusion from economists, including Frederic Mishkin, a governor at the central bank from 2006 to 2008 and an academic collaborator with Bernanke before that, will be presented at the U.S. Monetary Policy Forum in New York. Their paper serves as a high-profile warning to an audience including Boston Fed President Eric Rosengren, Fed Governor Jerome Powell and St. Louis Fed President James Bullard.


The central bank is currently purchasing $85 billion a month of Treasuries and mortgage-backed securities, following two previous rounds totaling $2.3 trillion, in an effort to lower an unemployment rate stuck near 7.9 percent. Once the economy strengthens, the central bank plans to unwind its balance sheet by raising interest rates and selling many of the assets acquired over the past four years.

 

Substantial Losses


The economists say that the Fed could incur substantial losses that might occur when U.S. deficits are still high and Congress and the White House have been unable to put fiscal policy on a sustainable trajectory.

 

“This unfavorable fiscal arithmetic might tend to push the Fed toward delaying its exit from the extraordinary easing measures it has taken in recent years; it could even affect decisions this year about how much further to expand the Fed’s holdings of longer-term government securities,” the authors said. “The Fed could cut its effective drain on the Treasury significantly by putting off asset sales and delaying policy rate increases. But such a response would presumably feed rising inflation expectations.”

 

The U.S. Monetary Policy Forum is sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business.

 

In addition to Mishkin, now an economist at Columbia University, the authors of the paper are David Greenlaw, chief U.S. fixed income economist for Morgan Stanley; James D. Hamilton, a professor of economics at the University of California in San Diego; Peter Hooper, chief economist at Deutsche Bank Securities Inc.

Bond Yields

Hooper and Greenlaw are both former Fed economists, while Hamilton’s research on bond yields has been cited by Bernanke as justification for the Fed’s policies.

Fiscal Dominance

“The bottom line is that no matter how strong the commitment of a central bank to an inflation target, fiscal dominance can override it,” the authors of today’s paper warned. “Without long-run fiscal sustainability, no central bank will be able to keep inflation low and stable.”


Fiscal dominance refers to a situation in which a central bank is forced to purchase government debt and finance deficits through inflation. If the central bank does not do this, interest rates will rise and the economy will contract and the government could even default, leading to a crisis that would cause an even worse contraction, the authors say. The central bank “will in effect have little choice,” they write.

Sat, 02/23/2013 - 19:14 | 3270440 Zer0head
Zer0head's picture

Why is any of this a surprise? Mishkin Smishkin

It's a giant rotating pig trough that includes the media pundits, the media anchors, the econo elite, buy side scum, sell side scum, pseudo economists, forex broads etc I mean fucking Roubini was a partner with Larry Summers I heard that one of the vulvas on Roubi's wall had Big Larrys name under it - then the political class that rotates into the corporate class and the bureaucrats who land plum jobs in the so called private sector

It is one giant cluster fuck game of screw the peasant for fun or profit and it extends into bloggger world think Mr. Wall Street Big Picture or those dickheads over at Business Insider shills and emmeffers

and their viewers and readers   hate to say but we are all dumb fucking muppets

http://www.peakpigproducts.co.uk/0_0_0_0_365_243_csupload_36430368_large...

 

and then we have one of  satan's many ambassadors hard at work in the heartland

This week, the US Supreme Court hears arguments that pit Monsanto against 75-year-old Indiana soya-bean farmer Vernon Hugh Bowman

 

http://www.nature.com/news/seed-patent-case-in-supreme-court-1.12445

Sat, 02/23/2013 - 19:23 | 3270464 James_Cole
James_Cole's picture

Mishkin was pretty good, but I thought the best bit was Glenn Hubbard - 1:31:00 - 1:32:00 so funny!

Everytime I see Glenn interviewed somewhere I always hear "Give it your best shot!"

Sat, 02/23/2013 - 19:13 | 3270453 nmewn
nmewn's picture

I've always thought, at some point, the gov will have to turn to the Fed and say...sorry, you're the ultimate bagholder, by necessity of saving their own necks.

This can't have escaped everyone elses thoughts?

Think about it, all they have is the ability to counterfeit currency by the law as it is. They have no army, no navy, no air force, no police and very small brains...lol.

Sat, 02/23/2013 - 19:34 | 3270482 AlaricBalth
AlaricBalth's picture

But the Fed does have a police force with over 1000 officers in 37 stations all over the US.

http://en.m.wikipedia.org/wiki/Federal_Reserve_Police#section_2

Section 364 of the PATRIOT Act authorizes Federal Reserve Police “to carry firearms and make arrests without warrants for any offense against the United States committed in their presence.” Additionally, it grants them the ability to “have access to law enforcement information.”

Sat, 02/23/2013 - 20:09 | 3270522 nmewn
nmewn's picture

Well I did not know that...mission creep...

"On October 12, 2010 President Barack Obama signed into law S.B. 1132 the "Law Enforcement Officers' Safety Act Improvements Act", which states that law enforcement officers of the Federal Reserve are "qualified law enforcement officers" and thus are authorized to carry a firearm off-duty. This update to the Law Enforcement Safety Act, among other aspects, clarified that Federal Law Enforcement Officers working for Amtrak and the Federal Reserve (not funded by Congress) are specifically granted the same rights as publicly funded law enforcement officers as it relates to off duty concealed carry."

Still, at a 1,000 "officers" they would have their hands full with millions of enraged citizens and the force of a now bankrupt government saying we refuse to pay the principle & interest.

But the point is well taken, I stand corrected, thanks ;-)

Sat, 02/23/2013 - 20:30 | 3270556 Raymond Reason
Raymond Reason's picture

No, it didn't escape Eric deCarbonell, of Market Skeptic's thoughts.  He says the de facto chief central bank of the world is the Exchange Stabilization Fund, and the Fed is a patsy.  

Sat, 02/23/2013 - 21:38 | 3270674 Bandit und Buster
Bandit und Buster's picture

Well these Banksters are the same crew that mangaged to pull of the Russian revolution and slaughter many millions of non-jews (don't call THAT a holocaust though).

www.synagoguerising.com

Sat, 02/23/2013 - 23:28 | 3270904 yogibear
yogibear's picture

Exactly why CNBC has him on all the time. "CNBC, the First in Financial Whores!"

Sat, 02/23/2013 - 16:54 | 3270242 disabledvet
disabledvet's picture

"and it all started...WITH ALUMINUM." I will watch/listen to the rest of the movie...but "public humiliation as an industry" sounds a little more on topic to me. From whence the City Life be born of it? To "control the urge"...defile, disgrace, TEAR DOWN as it were. And what? Shout at the inside of self? Wow...can't wait for the party. I'll bring the dirge. http://www.youtube.com/watch?v=te4SqP-X8GA sure, it's a "dancing dirge." what else are you supposed to do at a funeral? http://www.youtube.com/watch?v=6bdohpu1ZRA

Sun, 02/24/2013 - 11:31 | 3271392 Bendromeda Strain
Bendromeda Strain's picture

Thank you. I also find it strange that ZH gives full throated endorsement to "Inside Job" without any caveats. I knew once I heard Will Hunting's narration that it would be a blended psyops piece.

Sat, 02/23/2013 - 17:30 | 3270304 Kastorsky
Kastorsky's picture

jews don't get humiliated. 

Unless someone screws them out of money.

Sat, 02/23/2013 - 18:42 | 3270408 upWising
upWising's picture

SEPTIC TANK RULE at work here:

The FED, and the Halls of Academe, are like a Septic Tank.  The Shit rises to the top, floats around far two long and stinks up the place, and then ever-too-slowly rots and sinks to the bottom where it belongs, creating a lot of volatile gasses in the process.  

Drain the tank!

Sun, 02/24/2013 - 12:25 | 3271524 FEDbuster
FEDbuster's picture

Instead of pumping the market, maybe they need to pump the "think tanks"?

Sat, 02/23/2013 - 16:39 | 3270217 FEDbuster
FEDbuster's picture

He has skills, ass kissing skills, yes man skills, Keynesian skills, bullshiting skills, etc...

Sat, 02/23/2013 - 16:48 | 3270229 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

I need him to catch me a delicious bass...or I'm gonna show him my nunchuk skills

Sat, 02/23/2013 - 17:53 | 3270347 optimator
optimator's picture

Exchanging insider small talk skills.

Sat, 02/23/2013 - 20:39 | 3270573 Raymond Reason
Raymond Reason's picture

Ah, you mean schmooze. 

Sat, 02/23/2013 - 16:52 | 3270238 I think I need ...
I think I need to buy a gun's picture

silverdog i agree

Sat, 02/23/2013 - 16:53 | 3270196 smlbizman
smlbizman's picture

was that nathan thurm....

Sat, 02/23/2013 - 16:00 | 3270138 McMolotov
McMolotov's picture

Politicians and bankers are obvious targets, but people need to remember these assholes who lurk in the shadows. They're every bit as bad.

Sat, 02/23/2013 - 16:24 | 3270178 flacon
flacon's picture

They and their wives and children will be torn to pieces, limb from limb and their assets burned to the ground, their fields salted and all their fake awards burned in the town square. Their family line ends right here. 

Sat, 02/23/2013 - 16:36 | 3270211 tenpanhandle
tenpanhandle's picture

You left the part out about ...then waking up from your dream.

Sat, 02/23/2013 - 17:18 | 3270285 flacon
flacon's picture

No, this is what will happen when the rest of America wakes from from "The American Dream". 

Sat, 02/23/2013 - 17:41 | 3270328 CompassionateFascist
CompassionateFascist's picture

Our Dream is their Nightmare. That's why all the -stein's and -berg's and -witz's are grabbing at the guns. They know the days of their PaperPonzi Regime are closely numbered. 

Sat, 02/23/2013 - 18:13 | 3270372 Bingfa
Bingfa's picture

They can run but they can not hide...

Sat, 02/23/2013 - 21:13 | 3270634 Cortez the Killer
Cortez the Killer's picture

Yes, and they'll be lining up scumbags like you in their sights

Sat, 02/23/2013 - 21:44 | 3270679 Bandit und Buster
Bandit und Buster's picture

Synaggue Rising   The masterplan of the Elders of Zion: Difficult to believe, but Fatal to Ignore!

www.synagoguerising.com the book to help put out the fire.

Sat, 02/23/2013 - 17:24 | 3270292 GMadScientist
GMadScientist's picture

"Just as soon as I can get off this here couch" - Armchair Generalissimo

Sat, 02/23/2013 - 20:47 | 3270590 Raymond Reason
Raymond Reason's picture

"Vengence is mine, sayeth the Lord".  And there is a reason He said that.  Because the vengence you describe is nothing, a tweak of the ear, compared with what what awaits them in the real world. 

Sat, 02/23/2013 - 21:57 | 3270699 Bandit und Buster
Bandit und Buster's picture

OBADIAH

How are

the things of Esau searched out! how are his hidden things sought up!

Oba 1:7

All the men of thy confederacy have brought thee even to the border: the men that were at peace with thee have deceived thee, and prevailed against thee; they that eat thy bread have laid a wound under thee: there is none understanding in him.

Oba 1:8

Shall I not in that day, saith the LORD, even destroy the wise men out of Edom, and understanding out of the mount of Esau?

Oba 1:9

And thy mighty men, O Teman, shall be dismayed, to the end that every one of the mount of Esau may be cut off by slaughter.

Sat, 02/23/2013 - 18:02 | 3270357 Bingfa
Bingfa's picture

But yet they roam the streets, unharmed, untouched.

Sun, 02/24/2013 - 11:38 | 3271415 Bendromeda Strain
Bendromeda Strain's picture

"Their foot shall slide in due time"  Deut. 32:35

Jonathan Edwards - 1741

Sat, 02/23/2013 - 16:17 | 3270169 The Heart
The Heart's picture

"Roll the motherfucking guillotines already."

And start at the top of the list:

http://maplight.org/us-congress/interest/J5100/view/all

Sat, 02/23/2013 - 17:17 | 3270281 Kirk2NCC1701
Kirk2NCC1701's picture

+1  A person after my own heart:  a Truther!

Sat, 02/23/2013 - 22:39 | 3270809 Seer
Seer's picture

And the GOP sits on top of the pile... so much for the "socialists" being responsible for fucking things up...

Sun, 02/24/2013 - 11:47 | 3271432 Bendromeda Strain
Bendromeda Strain's picture

I don't see any conservatives at the top, just the usual suspects. Pretty mediocre defense of beloved socialism there, comrade.

Sun, 02/24/2013 - 01:47 | 3271053 Mediocritas
Mediocritas's picture

Very informative list of funding by group:

http://maplight.org/us-congress/interest

It didn't match exactly what I expected with Attorneys and Law Firms in #1 place by a long way. Makes sense in retrospect but I'd underestimated them.

Thanks for the link, bookmarked.

Sat, 02/23/2013 - 16:18 | 3270177 RockyRacoon
RockyRacoon's picture

For the serious observer this is old news.   The real, current question would be:  Why does this shill still have an academic position, and why is he still getting air time even today!  He keeps coming back like a bad burrito... it's making me sick.

Sat, 02/23/2013 - 16:23 | 3270181 DoChenRollingBearing
DoChenRollingBearing's picture

He still has his academic position because he is a "FOB".

Friend Of Banksters

Sat, 02/23/2013 - 17:21 | 3270288 Kirk2NCC1701
Kirk2NCC1701's picture

Freight On Board an airborne chair floating with helium balloon tied to it would be better.  Lock & load!  Ready, aim...  ;-)

Sat, 02/23/2013 - 16:50 | 3270230 I am more equal...
I am more equal than others's picture

It is an incestuous orgy of epic porportions. 

He's on the air because they need him to convince the uninformed that everything is OK (cue the Kevin Bacon character from Animal House). 

 

Sat, 02/23/2013 - 17:03 | 3270255 debtor of last ...
debtor of last resort's picture

Now that's gravity!

Sat, 02/23/2013 - 18:06 | 3270360 LongSoupLine
LongSoupLine's picture

All these fucking ass eating fucking pricks need to be executed for high financial fucking crimes against the taxpayers of the United States.  fucking assholes.

Sat, 02/23/2013 - 18:38 | 3270399 upWising
upWising's picture

SoupLine:  This is ZeroHedge.  We are all adults here.  You really don't need to "candy coat" your opinions for a genteel audience.  Go ahead and speak your mind!

Sat, 02/23/2013 - 20:30 | 3270560 Angus McHugepenis
Angus McHugepenis's picture

LoP: No need to roll the head chopper. I prefer to simply expose my local teat-feeding, tax sucking, non-productive .gov neighbors for what they are. These rats fear the light and they are starting to feel exposed. The only place they feel safe is at WORK where they think they have power over the flock. I would bet none of their neighbors know what they really do for a so-called "living" (raping their neighbors via taxes to put their own kids through private school)!

Any local .gov worker (especially the higher-ups) should be sought out and identified where they live. These fuckers are right in our own neighborhoods but they keep a low profile out of fear, and they don't get paid enough to move to a high end gated community.

Identify your local .gov rats and the holes they live in. Make their lives a living hell (no violence) and they will truly start seeing the error of their ways.

Sat, 02/23/2013 - 23:31 | 3270909 ToNYC
ToNYC's picture

Billie Ray Valentine knows the best way to hurt the plantation owners is to game them out of their money. They care about nothing else.

Sat, 02/23/2013 - 15:57 | 3270134 Cognitive Dissonance
Cognitive Dissonance's picture

Looks to me to be a rogue's gallery list of all the usual suspects.

Sat, 02/23/2013 - 16:25 | 3270189 DoChenRollingBearing
DoChenRollingBearing's picture

Tyler was kind enough to give us info on how to find him.  Every bankster (and crony, like this guy) should have that info disseminated far and wide.

Sat, 02/23/2013 - 15:58 | 3270135 Rustysilver
Rustysilver's picture

I am SO, SO surprised. Inconceivable. ( I think I know the meaning of the word.)

 

Sat, 02/23/2013 - 16:55 | 3270243 Oldballplayer
Oldballplayer's picture

Too many movie references. Long Netflix...just to keep up.

Sat, 02/23/2013 - 15:59 | 3270136 Winston Churchill
Winston Churchill's picture

Bunga bunga.

Sat, 02/23/2013 - 16:00 | 3270137 Flakmeister
Flakmeister's picture

Overtightened thumbscrews, then a date with the hangman..

A vile piece of shit along with the Columbia U. head of the business school...

Sat, 02/23/2013 - 16:02 | 3270140 Theta_Burn
Theta_Burn's picture

Maybe hes not jewish?

 

Sat, 02/23/2013 - 16:51 | 3270235 frenchie
frenchie's picture

lol

look at his face

Sun, 02/24/2013 - 11:17 | 3271378 FreeSlave
FreeSlave's picture

https://en.wikipedia.org/wiki/Frederic_Mishkin  Scroll down to the bottom of the page. Under Categories it is clearly written...  "American Jews"

Sat, 02/23/2013 - 17:14 | 3270276 Colonel Klink
Colonel Klink's picture

Maybe he's not Zionist?

 

Fixed!

Sun, 02/24/2013 - 14:40 | 3271867 vened
vened's picture

you forgot <sarcasm> tag

Sat, 02/23/2013 - 16:02 | 3270142 Ancona
Ancona's picture

Strap him in.

Make sure the sponge is wet.

Roll on one.......

Sat, 02/23/2013 - 16:03 | 3270143 Zola
Zola's picture

A true Robert Stadler

Sat, 02/23/2013 - 16:07 | 3270146 JustObserving
JustObserving's picture

In a time of universal deceit, only the deceitful make money.

Sat, 02/23/2013 - 16:59 | 3270248 disabledvet
disabledvet's picture

"the truthful must die...

Sat, 02/23/2013 - 16:05 | 3270150 Manipuflation
Manipuflation's picture

Gosh Tina.

 

 

Sat, 02/23/2013 - 16:07 | 3270154 Tinky
Tinky's picture

It may be worth noting that Frederic Mishkin is an anagram of "Crimes Hider Fink".

Sat, 02/23/2013 - 17:24 | 3270296 Kirk2NCC1701
Kirk2NCC1701's picture

You got anagram SW, or just a Tinky'ng man?

Sat, 02/23/2013 - 16:14 | 3270166 GrinandBearit
GrinandBearit's picture

This sniveling, pathetic, little jew needs his ass reemed with a cactus dildo.

Sat, 02/23/2013 - 16:17 | 3270168 Lost Wages
Lost Wages's picture

What a pigfucking whorebanger.

Sat, 02/23/2013 - 17:19 | 3270287 earleflorida
earleflorida's picture

put a spigot down the pig`whores gullet, and stay thirsty my friend

Sat, 02/23/2013 - 16:17 | 3270171 faustian bargain
faustian bargain's picture

Napoleon Dynamite: Grandma just called and said you're supposed to go home.

Uncle Rico: She didn't tell me anything.

Napoleon Dynamite: Too bad, she said she doesn't want you here when she gets back because you've been ruining everybody's lives and eating all our steak.

Uncle Rico: I'm not goin' anywhere, Napoleon.

Napoleon Dynamite: Get off my property!

Uncle Rico: It's a free country. I can do whatever I want.

Napoleon Dynamite: Get off my property or I'll call the cops on you.

Uncle Rico: Well then do it! Go on!

Napoleon Dynamite: Maybe I will, GOSH!

Sat, 02/23/2013 - 16:17 | 3270172 Crash Overide
Crash Overide's picture

What, no lube from JPM...? 

 

 

Sat, 02/23/2013 - 16:20 | 3270174 francis_sawyer
francis_sawyer's picture

Just walk up to the next jew you find & hand over all your money... In the end, it'll save a lot of hand wringing & you can then get on with your life & live in harmony wih everything that's not based upon fabricated paper wealth...

Sat, 02/23/2013 - 16:26 | 3270192 DoChenRollingBearing
DoChenRollingBearing's picture

It's all the juice fault!

Sat, 02/23/2013 - 16:50 | 3270220 francis_sawyer
francis_sawyer's picture

No DCRB... It's NOT all the "juice" fault [I didn't say that]... Instead ~ IT'S EVERYBODY'S FAULT...

~~~

It's not a problem if you don't consider it a problem...

IF ~ you think joobux [paper fiats ~ mostly PRINTED out of thin air in a SYSTEM which jew families have a franchise on] are GOOD for humanity [in the long term]... Then it's GREAT!

IF ~ you think there's a PROBLEM with that scenario, then you ought to think a bit...

~~~

as always ~ IT'S YOUR CHOICE...

~~~

END THE FED... Oh wait!

Sat, 02/23/2013 - 17:19 | 3270274 SMG
SMG's picture

You're blaming the wrong people.   Luciferbux would be a more accurite description. Lucifer is staring at you on the darn things, right above the pyramid.

Sat, 02/23/2013 - 18:17 | 3270365 francis_sawyer
francis_sawyer's picture

 "Luciferbux"... What a fucking laugh...

~~~

OK people... Here's the HEIRARCHY... Here's the PYRAMID...

- LUCIFER himself [who is, I dunno, probably also reptilian ~ from my interpretation of SMG logic]...

- a palmful of GENERALS [no doubt ~ reptilians themselves]

- a conclave of COLONELS... [reptilians & some 'inbreeding']...

By that time ~ I guess ~ you get to the bankers, who are LUCIFER REPTILE CLONES... Shapeshifters... Slitty eyed bitchez...

~~~

Yeah ~ I guess that's how it goes...

[I'll stick with JOOBUX for now ~ if you don't mind]...

~~~

"It's only after you've lost everything
that you're free to do anything."

"Hitting bottom isn't a weekend retreat! It's not a seminar!
You have to forget everything you know, everything you think
you know -- about life, about friendship, about you and me."

~Tyler Durden

 

Sat, 02/23/2013 - 19:01 | 3270435 SMG
SMG's picture

No they are just people acting together for each others benefit and to further their own cause.   The cause that binds them together?  Spread as much evil throughout the world as possible.   These are the people to blame.  You are blaming the wrong people, and if you do that, how can there ever be any justice?

Sat, 02/23/2013 - 19:24 | 3270468 dick cheneys ghost
dick cheneys ghost's picture

Kito? Is that you?

Sat, 02/23/2013 - 23:24 | 3270894 francis_sawyer
francis_sawyer's picture

Don't stop him... He's on a roll...

~~~

No they are just people acting together for each others benefit and to further their own cause...

Yes indeed... The FED 'mandate'...

You are blaming the wrong people, and if you do that, how can there ever be any justice?

Yeah ~ I completely forgot... THE MONEY FUCKING PRINTS ITSELF...

~~~

END THE FED ~ Oh Wait!

Sun, 02/24/2013 - 11:41 | 3271417 fiftybagger
fiftybagger's picture

Be nice if for every 100 times he uses the term joobux Francis would mention their Vatican backers and City of London enablers.  I won't hold my breath.

Sat, 02/23/2013 - 22:16 | 3270752 Bandit und Buster
Bandit und Buster's picture

The Jews are Lucifer's CHOSEN PEOPLE... Jewbux = Luciferbux

“Most Jews do not like to admit it, but our god is Lucifer   -so I wasn’t lying. -and we are his chosen people.  Lucifer is very much alive.”     

The above is an exact quote of Harold Wallace Rosenthal, former top administrative Aide to the then Senator Jacob Javits, who was since defeated in the 1980 election.

 

Note: Harold Wallace Rosenthal was tragically killed in an airplane accident some 6 months after making this public statement....

 

Sun, 02/24/2013 - 01:09 | 3270881 francis_sawyer
francis_sawyer's picture

Whether true or not... It's another layer of obfuscation...

~~~

Wanna know the definition of 'obfuscation'?... [I'm bored so I'll indulge you on a Saturday Night]...

While I wouldn't consider myself a 'holocaust denier'... Let's look at some numbers [on the eve that 'Saving Private Ryan', 'Schindler's List' Spielberg is up for another Oscar for his TRUTHFUL tale about how Lincoln's SOLE purpose for the Civil War was to end slavery]...

~~~

Depending on where you go... The 'latest count' is that there were 6-9 MILLION jews burnt in ovens & gassed by the Nazi's... [or was that 'kids' mowed down by an assault rifle in Sandy Hook, or theatre goers cut down by James Holmes ~ I can't remember]... Anyway ~ 6-9 million... Keep that number in your head...

~~~

- The 2010 CENSUS reported that the TOTAL number of United States citizens was 312.8 million

- The 1940 census reported that the TOTAL number of United States citizens was 132,164,569

- That's an increase of 2.37x

- Europe's population, in 2010, was reportedly 739,165,030 (which is, roughly 2.36x the population of the United States)

- So it is logical to assume that Europe's population was roughly 313 million around 1940...

- According to reports, Jews represent 0.2% of the world's population...

- http://en.wikipedia.org/wiki/Jewish_population_by_country

- If a straight scale were applied ~ that would make the TOTAL number of Jews in Europe, in 1940, to be around 6,260,000...

- perhaps the following is MORE accurate, [but perhaps not]

http://avalon.law.yale.edu/20th_century/angap03.asp

~~~

In any case ~ How does one account for the discrepancy?... You mean to tell me that, NOT ONLY was every single jew on the European continent exterminated by the Nazi's, but for every single one, .5 others were exterminated as well?...

I'm not trying to exhonorate Nazi's here... As always ~ I just want some straight answers...

 

Sun, 02/24/2013 - 15:18 | 3271938 indio007
indio007's picture

As always ~ I just want some straight answers...

 

Your not going to get any regaarding the "holocaust".

Sat, 02/23/2013 - 17:13 | 3270275 SMG
SMG's picture

Troll to discredit zero hedge much?

Sat, 02/23/2013 - 16:24 | 3270184 Motorhead
Motorhead's picture

I see Handelsbanken is listed twice.

This chump and Krugman are running neck-and-neck for all-time putz.

Sat, 02/23/2013 - 16:45 | 3270224 W74
W74's picture

Do the words Honesty and Integrity exist in modern Hebrew?

Sat, 02/23/2013 - 16:53 | 3270239 frenchie
frenchie's picture

nothing in talmud...

Sat, 02/23/2013 - 17:36 | 3270316 optimator
optimator's picture

Perhaps, but they don't come up in Yiddish or Zionist writings.

Sat, 02/23/2013 - 17:40 | 3270327 Kirk2NCC1701
Kirk2NCC1701's picture

Are there not TWO camps?  1. The Moses camp and 2, the Talmudic/Sumerian camp? 

It feels like the former is what we know as most Jews and from where we get Christianity (ethics, decency & social equity), and the latter is what we feel economically, socially and politically (extreme & ruthless competition, invasion and takeover). 

It's as though the Talmudic/Sumerian group (the secret minority) is leveraging the visible majority (without their full knowledge or consent).  It's as though the majority are the daytime 'Familiars' for the night-time 'Vampires':  they form a symbiotic relationship.  I mix my cultural and historic allegories and metaphors, but you get the idea... I think it helps explain the paradox we see, hear and feel, w/o having to demonize ALL (1-size-fits-all) in an over-simplified model with limited operational value.

'Discuss'.

Sat, 02/23/2013 - 17:54 | 3270350 CompassionateFascist
CompassionateFascist's picture

Yes, there are some "good", i.e., Jew-wise Jews. Maybe 1 out of 100. The rest are what they are, and do what they do. 99% are either thieving Collectivists, warmongering Zionists, or both. And I'll say this for the Jews: they look after their own Tribal interests. Whites will learn to do the same, or they will shortly cease to exist.  

Sat, 02/23/2013 - 19:29 | 3270475 Yossarian
Yossarian's picture

I never got how Jews are .2% of the population yet they somhow manage to control the world, according to some people.  There do seem to be a lot of Jews in banking and finance but why single them out and not also acknowledge the large libertarian/Austrian influence as well from the likes of Von Mises, Rothbard, Friedman, etc.?  Outside of politics/econ, perhaps some credit is due to Einstein or the rest of the 20% of Nobel Prize winners?  Surely not all those awarded can be duds like Krugman (whose trade stuff is good, well before the nonsense he publishes now) and Obama...  

In short, stop muddying the ZH waters...or is that your intent?

Sat, 02/23/2013 - 23:22 | 3270892 Cosimo de Medici
Cosimo de Medici's picture

Of course that is their intent.  Look at the more vociferous amongst them (many of whom have made their appearance above you here).  Scroll through any Zerohedge thread on any topic and see what Joo-bashing names pop up over and over.  You don't have to waste time reading their comments, because one is as the other.  A couple of hundred posts a week from each of them.  Does that suggest they have any sort of life away from their Jooo-bashing?  Any social life?  That they are an integral part of society?  Their prolific posting is proof of their own meaningless and bitter existence.  Too bad they must try to take every thread on Zerohedge, as well as the site itself, down into their own private hells.

Sat, 02/23/2013 - 23:26 | 3270898 CompassionateFascist
CompassionateFascist's picture

Power has nothing to do with raw demographic numbers. I'll make it real simple for you, out of the mouth of Meyer Anselm Rothschild himself:

 

                                         "Give me control of a nation's money supply, and I control that nation". 

Sun, 02/24/2013 - 14:51 | 3271881 Yossarian
Yossarian's picture

If the .2% can controll the 99.8% at a time when the world is wealthier than it has ever been then perhaps they deserve to (note: tongue in cheek)?  Even if there is a Bilderberg-type global cabal running the world, and Jews have representation disproportionate to their population, they merely have a few seats at the table- they are not the Master of Ceremonies. Wouldn't you expect that only the group members who advocate for the elite's policies are invited to the table while those resisting are relegated to fend for themselves with the masses?

From my perspective Rubin, Bernanke, Krugman, Stiglitz, Mishkin, etc. are detestable fellows and worthy of contempt but one shouldn't advocate throwing the babies- as represented by Einstein, Von Mises, Freidman, Rothbard, Derman, etc.- out with the bathwater (a la Germany circa 1930's).  Stereotypes can be tempting to fall back on, especially since they can be true to a certain extent; but it's important not to let them control you.    

Sat, 02/23/2013 - 22:21 | 3270760 Bandit und Buster
Bandit und Buster's picture

They don't speak Hebrew, but YIDDISH. And they are NOT Hebrews, but liars. (Rev. 2:9 and Rev 3:9)

 Ashkanazi monguls and Canaanites inbred with Esau/Edomites decieving the world for 2,000 years. 

See anglo-saxonisrael.com for the truth

Sun, 02/24/2013 - 16:52 | 3272149 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

""I know the blasphemy of them which say they are Jews, and are not, but are the Synagogue of Satan." (Revelation 2:9)"

Sat, 02/23/2013 - 16:49 | 3270231 ThirdWorldDude
ThirdWorldDude's picture

Perhaps Mishkin is super-proud of himself for educating Swedish banks & builders on how to keep the RE bubble growing a little more by introducing sub-prime loans (you'll need translator, written in Swedish)

Sat, 02/23/2013 - 16:27 | 3270193 Ribeye
Ribeye's picture

Fck you Bernanke!!!

Sat, 02/23/2013 - 16:29 | 3270195 lizzy36
lizzy36's picture

Please tell me that Glenn Hubbard will have to make a similiar "outside activity" disclosure list. PLEASE!

Sat, 02/23/2013 - 16:32 | 3270203 Motorhead
Motorhead's picture

Fuck, man, no wonder everything is so fucked up.  He "consulted" the Bank of Italy, too?  What a great contrarian play with everything this dork says and writes.

Sat, 02/23/2013 - 16:38 | 3270210 ebworthen
ebworthen's picture

An inside job "liger" for certain.

Sat, 02/23/2013 - 16:41 | 3270218 glenlloyd
glenlloyd's picture

I would wager that for every one like him there's a dozen or more of the same level of integrity and honesty... and that's probably an understatement.

Sat, 02/23/2013 - 16:43 | 3270222 miker
miker's picture

When you have a major inflated currency; all manner of "work" springs up and often at unbelievable compensation.  We will all pay in spades for this debacle; rich and poor alike.

Sat, 02/23/2013 - 16:48 | 3270228 mr. mirbach
mr. mirbach's picture

It is douches like Mishkin that give Economists a bad reputation...

 

Sat, 02/23/2013 - 17:06 | 3270265 Kastorsky
Kastorsky's picture

right! economists like Ben Shalom!

Sat, 02/23/2013 - 17:31 | 3270308 optimator
optimator's picture

That's "Prince Mishkin" to you. 

Sat, 02/23/2013 - 17:13 | 3270261 BobRocket
BobRocket's picture

Damned double post thingie !!!!

 

Whilst I'm here, did anybody notice that double(treble) dip thingy (will Obama beat Osborne to Quad-Dip Infamy?)

 

I know why.

 

#JustStop

 

I #JustStopped buying stuff

Everyone I know #Juststopped buying stuff

 

#YouAreNeverGettingItBack

 

You can hold all the crooked elections you like, you can print money till the cows come home but you can't run an economy without my participation and I've #JustStopped.

 

Uncle Ben, Cousin Geourge - FU

 

 

Sat, 02/23/2013 - 17:04 | 3270262 BobRocket
BobRocket's picture

Absolutely nothing whatsoever to do with the topic in hand (but it does have a silver screen link)

 

This was aired on British TV

 

 http://www.channel4.com/programmes/complicit/4od

(you might have to tunnel in)

 

Probably over the heads of most viewers but there is a line in the middle that says 'that is terror'

 

 

Sat, 02/23/2013 - 17:04 | 3270263 Kastorsky
Kastorsky's picture

jews, you can't live with 'em... and yet they're everywhere.

Sat, 02/23/2013 - 17:11 | 3270271 SMG
SMG's picture

You're blaming the wrong people.

Sat, 02/23/2013 - 17:21 | 3270289 Kastorsky
Kastorsky's picture

gypsies? may be?

Sat, 02/23/2013 - 18:45 | 3270362 Griffin
Griffin's picture

There are almost no Jews in Iceland, but that did not prevent the financial system from collapsing.

When people rob banks, pension funds, insurance companies, state funds etc, they are motivated by greed.

Religion has nothing to do with it.

 

 

Sat, 02/23/2013 - 22:27 | 3270778 Bandit und Buster
Bandit und Buster's picture

 

When people rob banks, pension funds, insurance companies, state funds etc, they are motivated by greed.

Religion has nothing to do with it.

 "Judaism is not a religion. It is a law religionized"  Moses Mendelssohn

"In everything, we are destroyers--even in the instruments of destruction to which we turn for relief...We Jews, we, the destroyers, will remain the destroyers for ever. Nothing that you will do will meet our needs and demands." —Maurice Samuel, You Gentiles, pages 152, 155, and 147.

Sat, 02/23/2013 - 22:48 | 3270817 israhole
israhole's picture

Jews are rats.  Look at the fuckers backpedal and cover other Jews' asses they don't even know while trying to make a goy like me out as the criminal for pointing out a few facts.  

Sat, 02/23/2013 - 23:27 | 3270899 Kastorsky
Kastorsky's picture

 

There are almost no Jews in Iceland

there are almost no jews in US too - 2%, they say.

And yet every fucking thieving banker, lobbing lawyer or lying "economist" is a jew. 

Sat, 02/23/2013 - 23:39 | 3270925 CompassionateFascist
CompassionateFascist's picture

This is not true. An enormous dis-proportion of "thieving bankers, lobbying lawyers, and lying economists" are Jews. Many Jews are also Communists, pornographers, actors, fiction writers, other academics, NY/Hollywood media flacks, and pro basketball players. Well, not too many of the latter. 

Sun, 02/24/2013 - 00:17 | 3270975 Kastorsky
Kastorsky's picture

I can be bold too.

Chuck Hagel, President Obama’s Secretary of Defense nominee, is in trouble. Why? Because he famously said: “The Jewish lobby intimidates a lot of people up here… I’m not an Israeli senator. I’m a United States senator.”

On Friday, forty allegedly American Senators blocked Hagel’s nomination with a filibuster. Their message was loud and clear: “We are not United States Senators. We are Israeli Senators.” 

One of the traitors, Sen. Mike Lee (R-Israel), mentioned Israel sixteen times while grilling Hagel. Sen. Ted Cruz (R-Israel) mentioned Israel ten times. Altogether, Republican Senators mentioned Israel 64 times during their hostile cross-examination of Hagel. The war in Afghanistan - supposedly America’s most pressing military issue - was only mentioned four times. 


http://www.informationclearinghouse.info/article33986.htm

Sun, 02/24/2013 - 01:04 | 3271023 SMG
SMG's picture

Chuck Hagel to be confirmed as US Secretary of Defense  95.0% CHANCE

 

http://www.intrade.com/v4/markets/contract/?contractId=769541

 

 

 

Sat, 02/23/2013 - 17:09 | 3270270 DavidC
DavidC's picture

Tyler(s),
You're so naughty! But funny!

DavidC

Sat, 02/23/2013 - 19:30 | 3270473 thewayitis
thewayitis's picture

 Whats so funny? We have currupt bankers, colleges and government. We're all doomed are we not? Does anyone think the money we owe will ever be repaid? 17 friggin trillion.....and counting. Sooner or later all governments DEFAULT. So look at Venezuela now. The people lost about 40% of their buying power. Sooner or later the can stops getting kicked. Then what?  Arrrrg

Sat, 02/23/2013 - 17:16 | 3270279 DrData02
DrData02's picture

Look, Columbia University apparently has no problem with this.  The system is working!

Sat, 02/23/2013 - 17:31 | 3270306 Henry Hub
Henry Hub's picture

The tribe has infested all aspects of American society. So yes the system is working.

Sat, 02/23/2013 - 17:44 | 3270324 Kastorsky
Kastorsky's picture

Wilhelm Marr’s The Victory of Judaism over Germanism

http://www.kevinmacdonald.net/Marr-Text-English.pdf

 

This article was first published in 1879.

It describes modern socio-political situation in the US with 99% accuracy.

Total capture of economy, media, law and government by the chosen.

We all know how it ended.

Give it 20-50 years and there will be "hunt down the jew" reality shows.

 

Sat, 02/23/2013 - 21:54 | 3270691 Pseudo Anonym
Pseudo Anonym's picture

why do you think the jew banksters are financing and building fema camps and want to take our guns?  me thinks it's so it wouldnt come to this:

there will be "hunt down the jew" reality shows.

Sat, 02/23/2013 - 23:46 | 3270940 CompassionateFascist
CompassionateFascist's picture

U got it. The Tribe does not intend to be ghetto'd or Holocaust'd. Ever. Again. That means: get rid of YT. And they are doing just that, via non-white immigration, blasts of miscegnation/mudshark propaganda in the MSM, and will, when Whites have been reduced to a beleaguered minority in America, complete the process via outright extermination. 

Sat, 02/23/2013 - 17:28 | 3270299 Paracelsus
Paracelsus's picture

As I recall the SS had their blood group tattooed under their arm. Perhaps it should be mandated that all SHILLS and Lobbyists should also have one on their wrists to identify them.

I hope that someone is compiling a poker deck with photos (ipad?) just like Iraq,so we can find these shits when it all ends.

meanwhile bring back the Snorg Tees hotties.....

Oh,and I used to visit Mish,but won't now that he has those shitty rolling Spammers.They should be outlawed.... 

Sat, 02/23/2013 - 17:29 | 3270303 Oldwood
Oldwood's picture

Everyone in the "system" from the bottom to the top is complicit. Granted the bigger they are, the worse they are, but even the guy that BTFD is in on it. Abandon the idea that you can make your money work for you and instead work for your financial security, and that does not mean taking your hard earned money to the casino. We know where the corruption is so why must we keep returning to them and then blame others for not protecting us from ourselves?

Sat, 02/23/2013 - 22:46 | 3270815 Bandit und Buster
Bandit und Buster's picture

The money system/fiat/stock market is all Babylon!  "Come out of her my people!"

Rev 16:19   And the great city was divided into three parts, and the cities of the nations fell: and great Babylon came in remembrance before God, to give unto her the cup of the wine of the fierceness of his wrath.

Rev 17:5 And upon her forehead wasa name written, MYSTERY, Babylon THE GREAT, THE MOTHER OF HARLOTS AND ABOMINATIONS OF THE EARTH.

 

 

 

 

 

Rev 18:2 And he cried mightily with a strong voice, saying,Babylon

the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit, and a cage of every unclean and hateful bird.

 

Isa 10:1   

Woe unto them that decree unrighteous decrees, and that write grievousness which they have prescribed;

 Isa 10:2 To turn aside the needy from judgment, and to take away the right from the poor of my people, that widows may be their prey, and that they may rob the fatherless!

 

Sat, 02/23/2013 - 22:49 | 3270827 akak
akak's picture

Verily, I beseech you, cast out your Bible lessons from this forum!

Mon, 02/25/2013 - 03:43 | 3273354 Tompooz
Tompooz's picture

AAA-men!

Sat, 02/23/2013 - 17:31 | 3270305 Charles Wilson
Charles Wilson's picture

"The slaughter that followed was made particularly memorable through the murder of a father by his son..Now chancing to meet his father, he brought him to the ground with a wound, and, as he rifled his dying foe, recognized him, and was himself recognized. Clasping the expiring man in his arms, in piteous accents he implored the spirit of his father to be propitious to him, and not to turn from him with loathing as from a parricide. "This guilt," he said, "is shared by all; how small a part of a civil war is a single soldier!" With these words he raised the body, opened a grave, and discharged the last duties for his father. This was noticed by those who were on the spot, then by many others; astonishment and indignation ran through the whole army, and they cursed this most horrible war. Yet as eagerly as ever they stripped the bodies of slaughtered kinsfolk, connexions, and brothers. They talk of an impious act having been done, and they do it themselves."

Tacitus, _Histories_, Book 3

 

CW

Sat, 02/23/2013 - 17:33 | 3270312 optimator
optimator's picture

Anyone here could possibly make a lot of money buy turning him in to IRS for an audit.  But, by the time you got the award it would probably be in Camp Credits!  (I know, the guy's untouchable)

Sat, 02/23/2013 - 17:35 | 3270315 Paracelsus
Paracelsus's picture

Speaking of jamming a red hot poker dildo up Bill Gates Ass,I tried to turn my audio back on in my laptop this morning,but MS had changed (updated) my software without my consent.

Ended up having to opt to reset back three days,bring back the old software.

Starting to wonder if they aren't part of the black helicopter crowd....

Sun, 02/24/2013 - 07:13 | 3271206 css1971
css1971's picture

It's not your software. You only have permission to use their software for a while.

Sat, 02/23/2013 - 17:38 | 3270321 optimator
optimator's picture

I wonder if I can consult for those companies listed?  I wonder if I could make any extra pocket money on overheard conversations here and there?  Food for thought.

Sat, 02/23/2013 - 17:39 | 3270323 Miss Expectations
Miss Expectations's picture

FAMILY Guy Jewish Fight Club (9 seconds):

http://www.youtube.com/watch?v=RVBDedoje_g

Sat, 02/23/2013 - 17:55 | 3270352 stant
stant's picture

the gun range was busy today inspite of the ammo shortage. they have that look in there eye and its not just getting off thier lawn

Sat, 02/23/2013 - 19:18 | 3270381 Griffin
Griffin's picture

The guy who hired Mishkin to write this report, Tryggvi Herbertsson from the Chamber of Commerce, has become so unpopular that he was rejected in the last Independence party elections in Iceland.

He got a treatment equal to being tared and feathered and carried on a rail out of town.

So his time as a member of parliament comes to an end April 27th 2013, when the next parliament elections take place.

Sat, 02/23/2013 - 18:19 | 3270384 Kirk2NCC1701
Kirk2NCC1701's picture

Lest we get too wrapped around the axle, let's step back and look at the Big Picture...

1.  At some point even Jesus of Nazareth realized that no amount of tinkering and modifying will change things in his world.  Many have tried using violent means, and ended up with predictable results.  So he created a whole new paradigm.  Gandhi also created a new paradigm of resisting and bringing about the downfall of oppressive and unjust aspects of colonialism.

2.  Likewise, in the world of physical science, young Isaac Newton had had enough with the Flat Earth theorists, shills and Establishment.  He revolutionized science in his own way, in his own day.  W/o violence.

At some point, people will gravitate to better solutions and models.  Be it in science, business or life.

How about a new, non-violent social paradigm that ends the era of Central Bankers and their ilk, shills and benefactors?  Go Tylers, go ZHers!

Sat, 02/23/2013 - 18:58 | 3270429 Oldwood
Oldwood's picture

Yes, stop participating in the financial industries complex! They are like a tick and will dry up and blow away without our blood (money).

Sat, 02/23/2013 - 19:13 | 3270456 Kayman
Kayman's picture

Kirk2NCC1701

It's already happening. Individuals that produce things or services of value are shrinking their footprint.  I see it all around me and I, too, churn as few dollars as possible.

The parasites- Government, Government employees, Crooked Bankers and Corporate Welfare Queens take more out of the system than the system produces. I, and many others will not be carrying the load.

Sat, 02/23/2013 - 19:36 | 3270485 Coldfire
Sat, 02/23/2013 - 19:43 | 3270494 Atomizer
Atomizer's picture

Judging by the Statis policies. Many Central Planner’s & NGO’s asses are puckering a colon examination fingering.

Sat, 02/23/2013 - 20:03 | 3270518 JR
JR's picture

 And, now, to keep the circle unbroken, The Washington Post this month has proposed Stanley Fischer for the next Fed chairman.

Well, why not? Not only is Fischer London School of Economics Keynesian, but he is former IMF chief economist, vice chairman at Citigroup,   MIT professor, Bernanke’s mentor, and as governor of Israel’s central bank, he was able to do an economic miracle in Israel with U.S. taxpayer money.

Asks the Post in its headline: Stan Fischer saved Israel’s economy. Can he save America’s?

“It’s not as crazy as it may sound,” writes Dylan Matthews. “The market for top central bankers is increasingly global, most vividly illustrated by the November selection of Bank of Canada governor Mark Carney to lead the Bank of England. In this post-crisis era, the job of a central banker requires someone who is simultaneously a brilliant economist, regulator, diplomat and politician. Among Fed watchers, there is quiet, off-the-record talk that that person might be Fischer."

Well, Fischer’s ready; he retained his American citizenship while gaining Israeli citizenship.

So how did this man who Bernanke says is “basically a Keynesian in his instincts” and whose efforts are known today as “New Keynesian” economics create this miracle while others failed? Here’s WaPo:

Fischer’s results were more than enough to assuage any doubts. No Western country weathered the 2008-09 financial crisis better. For only one quarter — the second of 2009 — did the Israeli economy shrink, by a puny annual rate of 0.2 percent. That same period, the U.S. economy shrank by an annual rate of 4.6 percent. Many countries, including Britain and Germany, fared even worse. While they were languishing, by September 2009 Fischer was raising interest rates, all but declaring the recession defeated.”

“…There aren’t massive piles of shekels lying around in other countries the way there are with dollars and euros, and Fischer took advantage of that fact. On May 30, 2008, a dollar was worth about 3.2 shekels. On March 6, 2009, it was worth 4.2 shekels. In less than a year, Fischer had reduced the value of the shekel by about 25 percent — a massive devaluation.

“It worked. Exports soared, and 2008’s trade deficit of $2 billion became 2009’s trade surplus of $5 billion. While other countries fell deeper into recession, Israel brushed its shoulders off.”

Fischer’s miracle, of course, “fixed” Israel's economy because Israel is a socialist economy that is buoyed up and supported by USA aid in dollars and massive military support and contracts for her defense and economy. If Fischer didn’t have that money and backing coming in he couldn’t have performed his miracle; he wouldn’t have had the money.

Do NOT follow this link or you will be banned from the site!