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Spot The Idiotic Central Banker Statement

Tyler Durden's picture




 

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...

 

 

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Mon, 01/13/2014 - 15:05 | 4327913 redpill
redpill's picture

Can someone please tell this guy to shut the fuck up?

Mon, 01/13/2014 - 15:06 | 4327923 fonestar
fonestar's picture

Reminds me of fake libertarians proclaiming the silver market is rigged and then getting excited when the fake silver price rallies.

Mon, 01/13/2014 - 15:09 | 4327932 TruthInSunshine
TruthInSunshine's picture

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.

Mon, 01/13/2014 - 15:18 | 4327956 max2205
max2205's picture

Thet will say anything to keep rates down

Mon, 01/13/2014 - 15:26 | 4327987 FL_Conservative
FL_Conservative's picture

No they say things like this because they think they're the smartest people around.....which is exactly why they always fail.

Mon, 01/13/2014 - 15:29 | 4328002 Pool Shark
Mon, 01/13/2014 - 16:15 | 4328164 superflex
superflex's picture

Same old broken rhetoric from our NSA troll, Fonestar.

Mon, 01/13/2014 - 16:22 | 4328181 fonestar
fonestar's picture

You pathetic fraud.  Any enemy of Satoshi is the bankster's friend and tool.

Mon, 01/13/2014 - 17:26 | 4328422 Richard Chesler
Richard Chesler's picture

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...

Tue, 01/14/2014 - 01:31 | 4329835 Doña K
Doña K's picture

Maybe he was trying to give us a hint with sarcasm

Mon, 01/13/2014 - 23:21 | 4329534 TheReplacement
TheReplacement's picture

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.

Mon, 01/13/2014 - 16:46 | 4328284 Hopeless for Change
Hopeless for Change's picture

They are not "failing" at all:  They are successfully stealing all the money in the country right in front of our eyes.

Mon, 01/13/2014 - 15:38 | 4328033 Hooter Shaker
Hooter Shaker's picture

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.

Mon, 01/13/2014 - 15:39 | 4328044 fonestar
fonestar's picture

My boss is a Japanese cryptographer and bitbrother fonestar is here to spread his word and gospel.

Mon, 01/13/2014 - 15:47 | 4328076 jcaz
jcaz's picture

Yeah, you don't sound like a Moonie anymore, nah.......

Scientology just called, foney-  they want their rant back....

Mon, 01/13/2014 - 16:20 | 4328173 superflex
superflex's picture

I hear Comet ISON will be making it's debut soon.

Have you ordered your cyanide yet Foneystar

Mon, 01/13/2014 - 16:33 | 4328224 fonestar
fonestar's picture

Anyone opposing Bitcoin is essentially working with the enemy and deserves to be executed.

Mon, 01/13/2014 - 16:46 | 4328276 akak
akak's picture

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.

Mon, 01/13/2014 - 15:40 | 4328049 max2205
max2205's picture

Where is the fed? This market is gonna tank

Mon, 01/13/2014 - 16:38 | 4328249 NihilistZero
NihilistZero's picture

Never ascribe to malice that which can be adequately explained by stupidity

Mon, 01/13/2014 - 18:44 | 4328653 caShOnlY
caShOnlY's picture

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!!

Mon, 01/13/2014 - 23:04 | 4329465 TheReplacement
TheReplacement's picture

"Then again, I often underestimate the depth of their stupidity & incompetency."

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.

 

Mon, 01/13/2014 - 15:09 | 4327933 SmackDaddy
SmackDaddy's picture

is stupidest even a fucking word?

Mon, 01/13/2014 - 15:13 | 4327945 NoDebt
NoDebt's picture

Yes.

So is 'unpossible', which is the word I was thinking of when I read the article.

Mon, 01/13/2014 - 15:10 | 4327935 disabledvet
disabledvet's picture

you keep talking phonestar. "you da man."

Mon, 01/13/2014 - 15:10 | 4327936 firstdivision
firstdivision's picture

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.

Mon, 01/13/2014 - 15:12 | 4327944 fonestar
fonestar's picture

The information age is far from fragile.  It's about the most solid thing in existence.

Mon, 01/13/2014 - 15:18 | 4327959 firstdivision
firstdivision's picture

I wouldn't expect you to feel any other way as your entire existence is at stake

Mon, 01/13/2014 - 15:34 | 4328024 fonestar
fonestar's picture

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.

Mon, 01/13/2014 - 15:53 | 4328092 firstdivision
firstdivision's picture

I take it when you hear the term 'Dark Ages' you can only think of the 2003 Blackout.

Mon, 01/13/2014 - 16:00 | 4328115 fonestar
fonestar's picture

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.

Mon, 01/13/2014 - 16:05 | 4328128 akak
akak's picture

You are undoubtedly virtually correct.

Mon, 01/13/2014 - 16:10 | 4328146 firstdivision
firstdivision's picture

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’

 

Mon, 01/13/2014 - 16:26 | 4328201 fonestar
fonestar's picture

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.

Mon, 01/13/2014 - 16:37 | 4328245 firstdivision
firstdivision's picture

...cause it's not like we're the largest food exporter, nor have the largest concentration of fresh water....oh wait.

Mon, 01/13/2014 - 16:40 | 4328262 fonestar
fonestar's picture

Played out called for you... he wants his "oh wait" comment back.

Mon, 01/13/2014 - 16:44 | 4328274 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

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.

Mon, 01/13/2014 - 16:22 | 4328118 akak
akak's picture

 

I take it when you hear the term 'Dark Ages' you can only think of the 2003 Blackout.

I highly doubt that his historical perspective goes even that far back.

Mon, 01/13/2014 - 15:18 | 4327961 TruthInSunshine
TruthInSunshine's picture

Don't go trying to pick up bitcoins before the steamroller.

Mon, 01/13/2014 - 15:58 | 4328110 akak
akak's picture

No problem --- one can always just stop it by throwing the blockchain in its path.

Mon, 01/13/2014 - 15:19 | 4327962 Popo
Popo's picture

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.

Mon, 01/13/2014 - 16:50 | 4328298 Saro
Saro's picture

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.

Mon, 01/13/2014 - 19:14 | 4328741 caShOnlY
caShOnlY's picture

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.

Mon, 01/13/2014 - 15:26 | 4327989 Colonel Klink
Colonel Klink's picture

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.

Mon, 01/13/2014 - 15:47 | 4328072 vxpatel
vxpatel's picture

kill them all.

Mon, 01/13/2014 - 17:40 | 4328472 U4 eee aaa
U4 eee aaa's picture

"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

Mon, 01/13/2014 - 15:05 | 4327916 AlaricBalth
AlaricBalth's picture

Stupid is as stupid does.

Mon, 01/13/2014 - 15:08 | 4327931 Hippocratic Oaf
Hippocratic Oaf's picture

They will only realize it's a bubble when it 'pops'

Mon, 01/13/2014 - 15:12 | 4327939 disabledvet
disabledvet's picture

it has already. the stock market is where liquidity comes from? REALLY? How so?

Mon, 01/13/2014 - 15:06 | 4327921 jubber
jubber's picture

well he is doing quite well to tank the market today

Mon, 01/13/2014 - 15:06 | 4327924 Stoploss
Stoploss's picture

And another one is debt monetization.............

Mon, 01/13/2014 - 15:07 | 4327926 pleseus
pleseus's picture

Something Nancy Pelosi would do.

Mon, 01/13/2014 - 15:08 | 4327927 firstdivision
firstdivision's picture

The stupidest thing a central banker can say is, the truth.  It'd ruin their way of life.

Mon, 01/13/2014 - 15:09 | 4327934 Cognitive Dissonance
Cognitive Dissonance's picture

"Stupid is as stupid does." - Forrest Gump Lockhart

Mon, 01/13/2014 - 15:14 | 4327946 Bastiat
Bastiat's picture

Was about to type just that.

Mon, 01/13/2014 - 15:13 | 4327943 29.5 hours
29.5 hours's picture

 

 

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?"

 

 

Mon, 01/13/2014 - 15:16 | 4327954 NoDebt
NoDebt's picture

It does smack a bit of them strutting around naked in a crowded room, daring anyone to say anything.

Mon, 01/13/2014 - 15:14 | 4327947 Peter Pan
Peter Pan's picture

I can just see this fellow making love to his wife.

One slip of the tongue and he will be eating sh%#.

Mon, 01/13/2014 - 15:18 | 4327958 Skin666
Skin666's picture

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!

Mon, 01/13/2014 - 15:22 | 4327974 MFLTucson
MFLTucson's picture

Next to their balance sheet it is not a bubble!

Mon, 01/13/2014 - 15:25 | 4327984 The Reich
The Reich's picture

Give him a mike and let him chatter

Mon, 01/13/2014 - 15:29 | 4328001 SheepDog-One
SheepDog-One's picture

They should have named him Clownfart!

Mon, 01/13/2014 - 15:32 | 4328014 Frank N. Beans
Frank N. Beans's picture

so they can manipulate the markets, they just can't talk about the markets

got it

Mon, 01/13/2014 - 15:36 | 4328031 thtmnbhndthecrtn
thtmnbhndthecrtn's picture

eye

yam

sofa

king

stew

pit

Mon, 01/13/2014 - 15:40 | 4328047 DOGGONE
DOGGONE's picture

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!

Mon, 01/13/2014 - 15:52 | 4328089 F em all but 6
F em all but 6's picture

And all a central banker needs is the backing of government to weaponize that idiocy.

 

Mon, 01/13/2014 - 16:38 | 4328251 Sufiy
Sufiy's picture

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...

Mon, 01/13/2014 - 17:41 | 4328475 U4 eee aaa
U4 eee aaa's picture

"The stock market is not "a bubble in any way""

Forward looking statements....

Mon, 01/13/2014 - 17:48 | 4328490 ThisIsBob
ThisIsBob's picture

These stumble bums are just like the guys over at NSA:  Lots of cool sounding tools but nothing to show for it.

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