Treasury Secretary Lew Admits US "International Credibility & Influence Is Being Threatened"

Tyler Durden's picture

While we try to our patriotic duty every day, Jack Lew's comment that: U.S. ECONOMIC RECOVERY WELL ESTABLISHED, LEW SAYS was too much to bear... so we provide the following 3 charts for guidance in comprehending the propaganda. Why would he blatantly lie in the face of unequivocally bad data? Simple, they are desparate to spin US economic strength as the world comes to realize it no longer needs to rely on a unipolar US-based model...

 

Economic Growth expectations for the US in 2015 are collapsing...

 

as Macro data crashes on a scale not see since Lehman...

 

In fact its the worst start to a year on record...

 

"well established"? Well perhaps Lew has had a little too much Irish spirit today.

*  *  *

Why would simply lie about unequivocally bad data? Simple - 4 letters - A I I B!!

The Obama administration warned on Tuesday that rising powers were challenging U.S. leadership in global financial institutions, and urged Congress to approve a deal it says would help preserve U.S. influence.

 

"New players are challenging U.S. leadership in the multilateral system," Treasury Secretary Jack Lew said in prepared remarks.

 

Lew urged lawmakers to sign off on a reform of the International Monetary Fund that would give emerging markets a bigger say in global economic policy while also preserving U.S. veto power in the institution. The U.S. and other countries agreed to a deal in 2010, but the U.S. Congress has yet to approve it.

 

Lew said that "is causing other countries, including some of our allies, to question our commitment to the IMF and other multilateral institutions."

 

"Our international credibility and influence are being threatened," he said.

 

U.S. influence challenged in global financial institutions

Charts: Bloomberg

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SickDollar's picture

you can feel it and see it all over the place, THE SLOW DECLINE OF USSA

gladih8r's picture

Yeah, most other empires took centuries or at least decades to unravel. 

One could argue that the Mongol empire went down fast but that wasn't really an empire, it was more like a temporary occupation and looting of a whole bunch of territory.

Anyway, long pop-corn.....

Paveway IV's picture

Treasury Secretary Lew Admits US "International Credibility & Influence Is Being Threatened"

He just now noticed this? Was he in a medically-induced coma for the last five years? 

"...One could argue that the Mongol empire went down fast but that wasn't really an empire, it was more like a temporary occupation and looting of a whole bunch of territory..."

You just described the Federal Reserve System... except they're a bit more persistent than Mongols.

ThroxxOfVron's picture

"Treasury Secretary Lew Admits US "International Credibility & Influence Is Being Threatened" "

Indeed.  It IS being threatened.

It is being threatened by the Obama Administration, The US Congress, The State Department, The US Judicial System, The Federal Reserve Bank, The United States' Armed Forces, and just about every other mismanaged and wholly self-interested bureaucratic fiefdom of corruption and stupidity that comprises the United States government as it is presently constituted.

Consuelo's picture

I always liked the 'A Big ship has to take on a lot of water before it sinks' metaphor...   Everything seems sorta Ok - for the longest time, and then...

KnuckleDragger-X's picture

America's foreign policy is screw our friends and bend over for our enemies and yet they are surprised that people are moving to the China bank. Everybody knows the Chinese can't be trusted but they are predictable, America is just one surprise fucking after another and besides our enemies are treated better.

1000yrdstare's picture

HAPPY ST. PATTYS DAY JACK!!!

 

(he's Irish. right?)

Manthong's picture

I almost forgot.. O’bama is Irish, too.

I bet their St. Pat’s day celebration in the Black House will be even better than their Iranian New Year’s bash last week. 

 

mtndds's picture

Hey Lew, no shit Sherlock.  And fuck you too!

RagnarRedux's picture

@mtndds,

"Hey Lew, no shit Sherlock.  And fuck you too!"

 

No shit Shylock is more like it.

Gringo Viejo's picture

Gives new meaning to the phrase: "You don't know Jack Shit."

oudinot's picture

Fuck you too,  Lew,

With your numbers BS Stew,

You belong in the Loo,

Eating smelly, slippery  Poo,

Goodbye, good riddance  to you,

You fucking bloodsucking Jew

chunga's picture

Treasury Secretary Jack Lew said in prepared remarks:

We're doing God's work you racists!

Xibalba's picture

During the invasion of Iraq, Saddam and his Generals were spouting how victory was at hand.... How is this different? 

nope-1004's picture

Saddam's military was pathetic, that's how.

Xibalba's picture

That's about the only difference I can see as well... 

BurningFuld's picture

Yes and Germany was winning WW2 right up until Allied tanks rolled in to Berlin.

venturen's picture

In Saddam case....none of Saddams peopl won. In this case Jack Lew people and OBama friends and cronies have won. They have stolen trillions of Dollars. THAT IS THE DIFFERENCE! 

Oh regional Indian's picture

LewD statements.

Green shoots.

No boots.

Part time & Minumum wage.

You gauge.

Recovery? 

Haha....

NoVa's picture

let him know how YOU REALLY feel -  lew@clintonemail.com

 

NoVa

 

NoDebt's picture

'Tis but a flesh wound.

Dr. Engali's picture

You've got no arms. What are you going to do? Bleed on me?

NoDebt's picture

Oh, I see, running away then?  Come back here you cowardly offensive man.  Come back here and get what you deserve.  I'll bite your legs off.  The Black Knight never loses!

weburke's picture

fine doublespeak by obamas writers, oh the weak reserve currency. It is impossible to dethrone the dollar. It must be HANDED OVER to the imf on purpose, and that is what they are doing. The theatrics are for show.

Dr. Engali's picture

There is a new hit teevee series out called "The Walking Dead". It's a story about a once great super power now clinging on to relevancy. It's pretty good, I highly recommend it.

SickDollar's picture

THE ILLUMINATI LOVE TO SHOW YOU TRUTH THROUGH THEIR SO CALLED " MOVIES"

schadenfreude's picture

Thought it's name is Walking Debt

Philo Beddoe's picture

What the fuck? I thought the shadow of the crisis had passed.  I am starting to think all of this money printing has not been benefiting main street.  

Dr. Engali's picture

There's your problem right there.... you thought.  Thinking has been banned. Please report to FEMA camp 13 to be processed and re-educated.

BurningFuld's picture

Fucking thinking terrorist is what he is.

madcows's picture

The FED is my shepheard, I shall not want.

They maketh me to lie down in fields of digital plenty; they leadeth me to financial liquidity;

They safeguard my portfolio; they leadeth me in paths of security for their financial sake.

Yea though I walk through the valley of the shadow of default, I shall fear no Credit default swaps,

For they art with me; their words and actions comfort me.

They have prepared a table of "FED puts" and QE before me, in the presence of china and russia;  they have annointed me with POMO; my balances runneth over

Surely the american reserve currency shall follow me all the days of my life: and I will dwell in the House of the Almighty Dollar forever and ever.

Amen.

The 23rd QE.

Alea Iactaest's picture

I don't know whether to upvote or downvote this... Green for creativity, Red for the the truthiness that we probably all need to be dollar bulls... The alternative will be painful and, possibly, irreversible.

LawsofPhysics's picture

Unfortunately, the last remains of a market that allowed for true price discovery are now long gone, so none of this "analysis" matters.  The central planners are in control now.  Life is good, chillax bitchez...

heisenberg991's picture

Where da freaking jobs at Lew?

cornfritter's picture

query the courtiers, and between bites of finger sandwiches (crust removed) and expensive fish eggs they'll tell you things are awesome! :-)  for them... all the kings men, chase with a chic mineral water and a finger or two of fine cognac

Thirst Mutilator's picture

 "U.S. ECONOMIC RECOVERY WELL ESTABLISHED ~ if you're a dual passport holder"

 

#UNTRUNCATED

papaswamp's picture

I blame the weather....or Bush...

Dr. Engali's picture

I blame leprechauns.... greedy little peckers are always after me lucky charms.

cro_maat's picture

I blame unbroken windows. Let's get out there and break some windows so this recovery can get started.

Also, nothing says "USSA is the new China" like green rivers in Chicago on St. Pats.

Toolshed's picture

It's not our commitment, or lack thereof, that concerns other countries. It is our constant use of these financial institutions as tools of extortion that is really pissing them off and driving them right into the arms of China and Russia. Who can blame them?

Seasmoke's picture

Don't show Lew these charts. But shove them down his fucking throat. 

Son of Loki's picture

Maybe more nitrogen and less potassium and potash for moar grote? Miracle grote is on sale now at the hardware store...maybe lew can grab some.

Ghordius's picture

""Lew urged lawmakers to sign off on a reform of the International Monetary Fund that would give emerging markets a bigger say in global economic policy while also preserving U.S. veto power in the institution. The U.S. and other countries agreed to a deal in 2010, but the U.S. Congress has yet to approve it. 

Lew said that "is causing other countries, including some of our allies, to question our commitment to the IMF and other multilateral institutions." 

 "Our international credibility and influence are being threatened," he said." "

This is not the first time a US Treasury Secretary urges Congress to sign off IMF reform. Why should Congress listen, this time? There is little that can change their worldview

NoDebt's picture

Believe me, Congress is NOT going to listen to him.  

It's amazing watching Obama side once again with our banks.... but losing.  His masters are NOT amused by this.

oudinot's picture

"Our international credibility and influence is being threatened"

ha, ha, ha, ha,ha,ha,ha,ha, almost lost a nut guffawing,what a fucking sick  joke

cro_maat's picture

As the supplier of weapons to ISIL and Sinaloa we have "international credibility" as the employer of Jen Psaki, Victoria Nuland, Kerry, Obozo, McCain, Lindsey Graham, etc. not so much.

BullyBearish's picture

Non-brother from another mother