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Willem "Gold-Is-A-6000-Year-Bubble" Buiter Joins Council on Foreign Relations As Senior Fellow
Less than two weeks after penning his "gold-is-a-6000-year-old bubble" propaganda, which understandably did not include the following chart...
... Citigroup's Willem Buiter was just made an honorary member of the Council of Foreign Relations.
Distinguished Economist Willem Buiter Joins CFR as Senior Fellow
December 9, 2014—Willem H. Buiter, a renowned macroeconomist and global chief economist at Citigroup, has joined the Council on Foreign Relations (CFR) as an adjunct senior fellow. His work will focus on geoeconomics, deglobalization, international financial institutions, and global economic governance.
“We are thrilled to have someone of Willem Buiter’s experience and reputation joining CFR,” said CFR President Richard N. Haass. “His presence will make an already strong economics program that much stronger.”
Buiter is the newest addition to CFR’s Maurice R. Greenberg Center for Geoeconomic Studies, which provides analysis on how economic and geopolitical forces interact to influence world affairs.
Prior to joining Citigroup, Buiter spent six years as a professor at the London School of Economics and Political Science, teaching political economy.
From 2000 to 2005, he was chief economist and special counsel to the president at the European Bank for Reconstruction and Development, and from 1997 to 2000 was an external member of the Monetary Policy Committee of the Bank of England.
Additionally, Buiter has been a consultant to the International Monetary Fund, the World Bank, the Inter-American Development Bank, the Asian Development Bank, as well as to other multilateral institutions, national governments, and central banks. He was also a senior advisor at Goldman Sachs International and a member of the Academic Advisory Board of APG Investments.
Buiter was a full-time teacher and academic researcher for nearly three decades. He holds a BA in economics from Cambridge University, and an MA, MPhil, and PhD in economics from Yale University.
We can only hope this is an honorary title for his anti-gold crusade. It surely isn't for the accuracy of his "90% probability of a Grexit" made in 2012.
In summary:
- Write rambling anti-gold missive
- Become "senior fellow" at the CFR
- Profit
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Buy low sell high.
Http://www.hedgeaccordingly.com
"If you want your Keynesian economists, you can keep your Keynesian economists."
Buiter might be the smartest guy who is willing to toe-the-line, so he gets this nice appointment.
Really, who could have seen this coming?
Floating academic. Cross pollinates over here, over there....
Lots of capital initials from a lot of well dressed institutions....
Wanker will be gone in a year and a half...
I don't understand the gold price in that chart.
I agree - the right hand scale is sufficient to show its move from 300 to 1800.
Maybe it shows percent, and not dollars.
Maybe?
Gold star for you.
Solar, I agree it is %. But all chart axis are supposed to be labeled with both scale and units - only novices don't do this.
So that means all central banks should be selling their Gold. It is in a Bubble or wait Bubble support is what central Banks do, Buy buy buy.
~"Really, who could have seen this coming?"~
(After reading resume/CV)
All I can say is that it certainly beats working for a living.
(Other thoughts)
So is his last name pronounced [BOO-TEE-AIR]?
Wait, I'm hearing "That's the way, uh-huh, uh-huh, I like it..."
The 'smartest'? Good one.
A wanker, a canker, a banker.
p.s. If that guy can use hyperbole for effect, so can I, so can we.
he can yuck it up with the rest of the CFR creeps about how he pushed his moronic theory on all the useless eaters while they themselves purchase the gold for their swiss vaults, knowing full well about the crash they have been cultivating for years.
There's a big surprise.... said no one ever
so then i take it he's saying gold was the bomb for six millenia?
shit... i think i'll ride that horse a few more years then...
He thinks he knows better than 6,000 years of history. Breathtaking arrogance.
But Fukuyama, the PNAC guy declared the "end of history"
Council on Foreign Relations, odd name for an organization that tries to dictate American domestic policy.
A well funded politician-buying group; that's all it is.
Buiter will work well for those living off the taxpayers' dime.
CFR is a real and dangerous group of traitors to our Republic- or what's left of it.
he thinks it is possible to have a bubble of 6'000 years, and I believe he is correct, though the word bubble usually suggests something of short duration
meanwhile, his very theory suggests that the likehood of this state to persist further 6'000 years is... very high. So I don't regard his theory of being "anti-gold" in any way. But it looks like the pro-gold community chooses it's own graven images to bombard with rotten fruit. Pro-Gold stories, on the other side, resemble often songs performed by dwarfes marching to the mines. My favourite is "Gold, Gold, Gold", followed by "Gold, Hi Ho, Gold, Hi Ho!" and of course the evergreen "I looooove... Gold!"
is his theory falsifiable, at least in thought? Yes. If someone would find something akin the "Philosopher's Stone", i.e. a cheap way to convert let's say lead to gold... he would be proven right, wouldn't he?
meanwhile, this fellow (kudos to ZH about that) was talking about a "90% probability of a Grexit" in 2012. This theory wasn't scoffed at, here, then
You CAN convert lead to gold. There's an intermediate step involved, though. It involves hot, expanding gases and spilling mass amounts of hemoglobin on the ground.
Clean up on Aisle 2...
More elitist NWO scum fucking things up.
C will lose another 97.7% at some point.
George Soros at the nomination meeting for the CFR...
"He's P-E-R-F-C-T! He'll fit right in!!!...
CFR is the camels nose under the tent for the bankster control project. CFR probably was very busy w/ Ukraine.
What a duplicitous cunt.
That whole group is just a bunch of hot air.....it means nothing but cocktails and dinner for them or for the world...a good resume stuffer is all it is
"...it means nothing but cocktails and dinner for them". The CFR? The CFR is about destablising countries to get them more available to bankster looting. A lot of destruction and death is the result.
This guy needs a lead salad followed by a refreshing swim with cement shoes.
Yeah, eCONomist.
Demand for Gold has traced civilization's history.
In that sense he is correct, but I would not call natural demand a "bubble".
Bubbles are for finance and banks, and have little to do with saving or preparing for uncertain times.
Notice everyone has to dip their toe in the Gold pool before they get recognized.
Buy Gold, then wait.
Interesting isn't it? Using the exact same logic, human population is also in a "6000-year bubble". I wonder which one he wants to pop first?
Reminds me of a very recent discussion on a Chicago Bulls forum. Derrick Rose, who, to put it kindly, does not communicate very well verbally, rationalized taking (and missing) lots of three-point shots by saying: "I’ve got to get used to guys going under screens. I’m shooting open shots that they’re giving me."
And, as one poster pointed out, they're giving him open half-court shots as well.
“We will have a world government whether you like it or not. The only question is whether that government will be achieved by conquest or consent.” James (son of Paul) Warburg ( Banker, Shareholder, Founder, US Federal Reserve, Founder Council on Foreign Relations 1896-1969 ) while speaking before the United States Senate, February 17, 1950
James Warburg (1896-1969) was the son of Paul Moritz Warburg, and a nephew of both Felix Warburg and Jacob Schiff, both associated with Kuhn, Loeb & Company which financed the Russian Revolution through James’ brother Max, banker to the government of Germany.
“The common interests very largely elude public opinion entirely, and can be managed only by a specialized class whose personal interests reach beyond the locality.”
Former CFR board member Walter Lippman, Public Opinion (1922)
Let's translate the acceptance into a concrete philosophical statement:
Buiter, and now by extension CFR, place their trust more in Human Psychology than in Physics.
When you have a fiat currency, its value depends on human psychology (ever decreasing value to the benefit of the currency issuer).
When you have a commodity-based currency its value depends on two factors, physics and concrete productivity.
So now faith in leveraged paper products is going to pop the 6000 year old "bubble"? LOL
Well sure, when you say it THAT way it does sound kind of stupid, but.... I'm stuck, I got nothin'.
Next he'll be telling us that the DINOSAURS were a bubble.
Or that the SUN is the biggest bubble in our solar system.
so we were on a bubble standard until 1971.... And since we've been on the "not the bubble standard".. but having bubbles everywhere..
Interesting. using the exact same logic, so is the human population.
Say, I wonder what happens to the price of gold when people suddenly lose confidence in the paper scam, and all these fucking carry trades start to unwind and people look for real assets? Willem?
I just texted him your question, Al, and here is his response:
"Well, of course bubbles can grow even bigger, and that could happen in the case of gold. But were it to happen to any significant degree, then my learned (pronounced learn-ed) colleagues and I would judge it to be a 'hyper-bubble'."
Can you text him back that he should switch his field of study to the behavior of the angry mobs during the French revolution? That way he'll be less surprised when they're leading him to the guillotine.
Al,
"when people suddenly lose confidence in the paper scam..."
All I hear is how expensive everything is becoming.
To which I reply, "That is due to the dollar losing value".
To which they reply, "Huh?"
'People' will never get it, and I accept that mass behavior.
In their ignorance, they also defend the dollar while their labor is stolen from them daily.
Signed: A hardcore stacker.
How does that saying go again? "arrogant assholes of a feather flock together"?
Free Gold plated pitchforks for everyone when the day arrives!!!
First class A-hole.
I hope he's leveraged short PMs today.
Unfortunately, oligarchs are also in a 6000-year-old bubble.
This is the modern day version of getting the Willie Wonka Golden Ticket. These guys get a free pass to the bunkers. You know...cuz they be smaht.
The Puppet did good work for his masters , this is his reward
another day in the Zoo
Who the fuck studies Economics at Yale ? This ass clown has been a nodding head for the NWO tribe since he was wearing an ascot while bending for the soap after a cricket match at Cambridge Univ.
We propagandized some folks!
Let the circle jerk commence. Or happy hour as its known at the CFR. What else do these guys have to do all day?
¨From 2000 to 2005, he was chief economist and special counsel to the president at the European Bank for Reconstruction and Development, and from 1997 to 2000 was an external member of the Monetary Policy Committee of the Bank of England.¨
In other words: Between 2000 and 2005 (at the EBRD) he was one of the key elements in setting up the European economy for ¨The Great Recession¨ - Note that he received that position thanks to his fine work from 1997-2000 (at the BOE) in advising Gordon Brown to sell most of England´s Gold at rock bottom prices.
Yes, I´d say that after that fine work of art that he wrote (Gold´s 6000 year bubble) he has clearly earned this highly respected position as a member of the respected and admired CFR. [Sarcasm off]
Add this MF Cunt to the long list for the future trials at The Hague...
Fuck you Balfour.
Tales From the Memory Hole:
Willem Buiter warns of massive dollar collapse
Americans must prepare themselves for a massive collapse in the dollar as investors around the world dump their US assets, a former Bank of England policymaker has warned.
http://www.telegraph.co.uk/finance/economics/4125947/Willem-Buiter-warns...
In other words he's either a fucking liar or doesn't know shit.
The true cure to the Dutch disease brought to our islands many hundreds of years ago.
http://m.youtube.com/watch?v=aUN_1mhXNLo
Dork, before you promote this (interesting) medicine against the Dutch Disease, please explain: who is the patient? Ireland? The Isles? the EU? the world?
We’ve reached a point in our relations with government that a resume like Buiter’s can easily identify him as a tool of the cartel.
He’s not only an economic pervert, he may be a sexual pervert.
Per Daily Mail Online Updated March 30, 2012:
“A former New York University professor and outspoken advocate for women's empowerment has been arrested for allegedly stalking and harassing her ex-lover, chief Citigroup economist Willem Buiter. …
“It is believed that the married 63-year-old economist and the Dutch NYU professor once had an intimate relationship, but at some point it ended.”
Dutch economist and educator Heleen Mees, 44, “who is fluent in five languages, including Mandarin and French, was assistant professor in economics at Tilburg University and a researcher at the Erasmus School of Economics in the Netherlands. Her area of expertise is monetary policy and emerging economies.
“It is believed that the brilliant economist and vocal advocate for the advancement of women in the workplace has become obsessed with her distinguished lover.”
http://www.dailymail.co.uk/news/article-2354418/NYU-professor-Heleen-Mees-arrested-stalking-Citigroups-chief-economist-Willem-Buite
What a piece of shit...
Willem Buiter + CFR = puppet + puppeteer!
A loyal enabler, rewarded for his 'service'. Now for the initiation ceremony. CFR kneepads obligatory.
Funny how the dutch are so determined to get out in front of the nwo/global governance, since they are very stubbornly independent, like the swiss. Guess they plan to be owners, not slaves.
Keynesian economists are weapons of mass destruction.
This is very bullish for gold. I often see the most strident and rigid comments about markets or the economy coming right before a major turn.
Make your pre-New Year wish and blow out the "candle"!...
Candle donation courtesy of "Sir Howard Davis"!!!! If you haven't seen this it's well worth the watch.
CFR owns CIA and most Muricans are wholly unaware.
Woefully unaware.
America is a wholly occupied country.
THE GOLDS IS A BUBBLE!!
Throws away the preshusss... yesss silly hobbitses, no one needs the preshussss
good smeagol takes useless preshuss right to the trash for nice sensible market hobbitses.
whats wrong with this world today is that lazy sociopath banker fucks fugured out they can get the stupid masses to be slaves to their paper thru usuary and lies.
all the economic geniuses witht their realization and how great this system is are experiencing with a smug face their offical birthday on a path to hell.
Enjoy they easy downhill decent to the lowest form of existence in mankinds human history you cantankerous parasites.