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Spot The Idiotic Central Banker Statement
With the wild world of central bankers full of double-speak, counter-factuals and well-chosen anecdotes, statements of questionable sanity are not difficult to find. However, Dennis Lockhart, who has already done his optimistic economic damage to stocks this morning just outdid himself. Speaking in his home town, the Atlanta Fed President stated confidently in the Q&A after his speech:
“One of the stupidest things a central banker could do is comment on the stock market."
Then added:
The stock market is not "a bubble in any way"
"Stupid" indeed, Mr Lockhart...
Fed Lockhart: “One of the stupidest things a central banker could do is comment on the stock market." But adds, he doesn't see a bubble.
— Michael S. Derby (@michaelsderby) January 13, 2014
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Can someone please tell this guy to shut the fuck up?
Reminds me of fake libertarians proclaiming the silver market is rigged and then getting excited when the fake silver price rallies.
One has to honestly wonder if this is all an open joke when contrary comments like these are made by the same individual in quick succession.
Then again, I often underestimate the depth of their stupidity & incompetency.
Thet will say anything to keep rates down
No they say things like this because they think they're the smartest people around.....which is exactly why they always fail.
"All is well..."
http://www.youtube.com/watch?v=zDAmPIq29ro
Same old broken rhetoric from our NSA troll, Fonestar.
You pathetic fraud. Any enemy of Satoshi is the bankster's friend and tool.
Climate changers been doing this for years...
“We don’t really know the mechanism. It’s a mystery to us right now,”
AND
“There is definite climate change happening in the Arctic,”
http://www.science20.com/news_articles/highly_reactive_molecular_chlorin...
Maybe he was trying to give us a hint with sarcasm
Who is Satoshi? Nobody knows! How can he have any friends or enemies?
He's NOT REAL!!! Sorta like his imaginary creation, bitcoin. None of it is real.
Disclaimor: I wish all the luck in the world to those who wish to break the corrupt systems of tyranny we now face. All the same, I feel bitcoin is not going to be a useful tool in the endeavor. In fact, I fear it may turn out to be a tool of tyranny used like a trojan horse against my friends of liberty.
With that said, dabble away. I would not and could not ever advise anyone to "invest" in bitcoin or anything that is not tangible.
They are not "failing" at all: They are successfully stealing all the money in the country right in front of our eyes.
I would not want to be a young "up and coming" central banker. These fuckers' days are numbered and when the music stops, everyone is going to be pissed.........and they're going to be looking for who caused this mess.
My boss is a Japanese cryptographer and bitbrother fonestar is here to spread his word and gospel.
Yeah, you don't sound like a Moonie anymore, nah.......
Scientology just called, foney- they want their rant back....
I hear Comet ISON will be making it's debut soon.
Have you ordered your cyanide yet Foneystar
Anyone opposing Bitcoin is essentially working with the enemy and deserves to be executed.
Anyone pumping bitcoin is a minion of Beelzebub and deserves to be blockchained to demon Satoshi, seducer of the goldbugs, in a pool of fiery molten brimstone for all eternity.
Where is the fed? This market is gonna tank
Never ascribe to malice that which can be adequately explained by stupidity
Then again, I often underestimate the depth of their stupidity & incompetency..
I don't believe they are stupid nor incompetant. They are the guardians of the greed of the last 30 years.
They in in so deep over their pea brained heads they don't have a fucking clue what to say next. Look at Bernanke's 2 60 minute interviews where in one he admits to "money printing" and the next he denies it!!
I've told many around me, to much disdain and ridicule, that when they finally lose control it will be sudden and immediate. To many it will be like waking up in a living nightmare. Total and complete collapse, overnight!!
And yet there he is making big bucks, big decisions, and big pronouncements while the rest of us just complain about how stupid and incompetent he is. Hmm, maybe you MISunderestimate his intelligence and competency. Perhaps, all is going according to plan but you are such a speck on the ass of the plan that you don't comprehend that there is a plan much less what that plan means for you.
is stupidest even a fucking word?
Yes.
So is 'unpossible', which is the word I was thinking of when I read the article.
you keep talking phonestar. "you da man."
Reminds me of people that say Bitcoin is the way of the future without understanding how fragile the information age is with government kill switches, government hacking, and precarious power systems.
The information age is far from fragile. It's about the most solid thing in existence.
I wouldn't expect you to feel any other way as your entire existence is at stake
The information age is an epochal change. The United States can fall into some misanthropic stacker WROL fantasy and it will not hurt technology, it will not make clocks tick backwards. People are going to have a great time.
I take it when you hear the term 'Dark Ages' you can only think of the 2003 Blackout.
Hate to break it to you, but when you're out SHTF'ing in your bunker the Bitcoiners are gonna be having a great party somewhere on planet Earth.
You are undoubtedly virtually correct.
Not to worry, my bunker is fully stocked with popcorn to watch you guys scramble to access your virtual assets in your virtual wallets to buy physical goods.
Never mind that if the SHTF, that the Chinese are ready to detonate a high atmospheric nuke over the US as a last ‘fuck you’
You're so heavily invested in your fantasies that you're delusional. Sure the United States will become a shithole after the dollar collapse. Doesn't mean I have to live there or visit there.
...cause it's not like we're the largest food exporter, nor have the largest concentration of fresh water....oh wait.
Played out called for you... he wants his "oh wait" comment back.
You think for a second the military doesn't weapons trained at every single chinese satellite in the sky and a whole shield set up to shoot them suckers out of the sky across the whole world at every military base or at least a locally with a large enough range to minimize that sort of attack? Star Wars is more of a reality than people know....... Air dominance doesn't just apply to the lower atmosphere anymore.
I highly doubt that his historical perspective goes even that far back.
Don't go trying to pick up bitcoins before the steamroller.
No problem --- one can always just stop it by throwing the blockchain in its path.
http://www.optionsweekly.com/betting-against-bitcoin-with-options/
The 50% chain-rewrite threshold on BTC holdings was almost crossed last week. That would have allowed a complete redistribution of the chain by the majority holder. Bitheads tried their hardest to bury the significance of that moment but needless to say their supposedly secure store of currency was literally moments away from being totally stealable.
Correction: A 51% attack would not allow bitcoins to be stolen or the blockchain to be re-arranged. At worst, it might allow the organization controlling that much hashing power to double spend once in a while, but that seems highly dubious in and of itself, since anything expensive enough to be worth going through the trouble of double-spending is likely to be of a nature easily reposessed by an irate seller.
They already have a solution to the centralization of mining anyway: look up p2pool.
The information age is far from fragile. It's about the most solid thing in existence.
If I had a sledge hammer and your computer I would prove you wrong. I'd even toss your head in there just to show you the sledge hammer was real.
There have been a metric shit ton of people who have told all of them to shut the fuck up. They don't listen, all they do is tell lies. It's their job.
kill them all.
"Can someone please tell this guy to shut the fuck up?"
Why? Keeping guys like this talking is the best way to pop the people's bubble of denial. If not for the people(who are taking a paycheck from this guy in one form or another) then at least their kids. They are the ones who will one day announce that the Emperor has no clothes
Stupid is as stupid does.
They will only realize it's a bubble when it 'pops'
it has already. the stock market is where liquidity comes from? REALLY? How so?
well he is doing quite well to tank the market today
And another one is debt monetization.............
Something Nancy Pelosi would do.
The stupidest thing a central banker can say is, the truth. It'd ruin their way of life.
"Stupid is as stupid does." - Forrest Gump Lockhart
Was about to type just that.
You know, back in the old days it took refinement and education to recognize and suitably expose the hypocrisy and irony in the public statements of our governing class.
Now, they slap you in the face and say "look, peons, I am a liar and hypocrite--whatcha gonna to do about it?"
It does smack a bit of them strutting around naked in a crowded room, daring anyone to say anything.
I can just see this fellow making love to his wife.
One slip of the tongue and he will be eating sh%#.
What a dumbass!
Tyler(s), I hope you're keeping a TIMESTAMPED LOG of all these bullshit fuckwit banksters statements, so we can shove them straight down their throats when this baby blows...
This is gonna be so funny!
Next to their balance sheet it is not a bubble!
Give him a mike and let him chatter
They should have named him Clownfart!
so they can manipulate the markets, they just can't talk about the markets
got it
eye
yam
sofa
king
stew
pit
You can see why real asset price charts are rarely shown!
http://www.showrealhist.com/RHandRD.html
ZH -- Solve the shortage with ongoing apparence, please!
And all a central banker needs is the backing of government to weaponize that idiocy.
Dr Paul Craigs Roberts talks about all markets being manipulated and presents the big picture of the Gold market and ongoing QE by the FED. Gold price action became the threat to the FED's policies and Gold was smashed down to preserve the status quo and save US Dollar. Markets can not be manipulated forever and now we have the situation when bullion goes to the East and to China particularly with the very dear geopolitical consequences. There is no recovery in U.S. economy and there is no Jobs creation - we would like to mention that this interview was recorded before yesterday disaster with Jobs numbers of only 74k being created and collapse in labour participation numbers.
http://sufiy.blogspot.co.uk/2014/01/dr-paul-craig-roberts-if-currency.ht...
"The stock market is not "a bubble in any way""
Forward looking statements....
These stumble bums are just like the guys over at NSA: Lots of cool sounding tools but nothing to show for it.