ECB Getting Angry That People Can See Right Through Central Bank Lies

Tyler Durden's picture

Today's hilarious commentary comes from the ECB's own Jurgen Stark, whose blood pressure has obviously peaked and at this point it is just a matter of the realization that ECB (and other Central bank lies) no longer work filtering through to reality.

  • ECB'S STARK SAY NOT CENTRAL BANK'S JOB TO FUND DEFICITS (but, but, MMT says debt, and hence central bank monetization thereof, does not fund deficits. Heck, MMT says monetization does not exist...hmm)
  • ECB'S STARK: UNRESPONSIBLE TO CALL ECB A `BAD BANK' (right: the correct word is "overdue")
  • ECB'S STARK: ECB HASN'T TAKE ON AS BIG RISKS AS OTHER CEN BANKS (right: the risk the ECB has taken does not even fit on the same axis compared to other banks)
  • ECB'S STARK SAYS NOT CENTRAL BANK JOB TO LOWER RATES FOR DEBT
  • ECB'S STARK SAYS ECB BOND BUYS DON'T CREATE INFLATION RISKS
  • ECB'S STARK: BANKS USING PSI HAVE FULL GUARANTEE OF NO LOSS

And the kicker

  • ECB'S STARK: ALL DEVELOPED ECONOMIES HAVE PUB FINANCE PROBLEMS- said otherwise, it's everyone else's fault

If we were betting men and women, we would say this is the ECB capitulating.

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Mongo's picture

ECB = European Crony Banksters

slaughterer's picture

ECB's STARK SAYS: MERKEL BETTER SAY NO TO EURO-BONDS OR I WILL PISS IN HER BEER.

Fed_Printstone's picture

Poor Angela. She won't be able to afford another beer since according to Mr. Stark "ALL DEVELOPED ECONOMIES HAVE PUB FINANCE PROBLEMS"

SheepDog-One's picture

LOL! 'HEY all you damn peasants are NOT supposed to be looking at our ham-fisted clownish actions that any of YOU would go to prison for life over, and calling BS on it! This is making us gods on earth highly irritated!'

 

Smiddywesson's picture

Zero credibility means the next currency standard must be backed by gold. 

Nobody is going to accept their useless paper when they have no credibility.

sun tzu's picture

Many currencies have collapsed and there is still no gold standard

FlyPaper's picture

Well, except for Iceland a couple of years ago, and Belarus in May 2011, I'm not recalling a lot of currency collapses per-se (slow devaluations yes).  

IMO there won't be a gold standard: and if it happens, it opens the perfect opportunity for guberments to seize citizen gold which is likely why they'd do it.  Central banks and politicians do not like being told "no" for all their charming spending; and the banking cartels make money off this game.  Why would they want to end it?

 

LawsofPhysics's picture

LOL.  If the ECB could just suspend those laws of physics, everything would be just swell.

Joe Sixpack's picture

It's not for the lack of trying.

 

Even massless particles (like photons) get real heavy when they approach the speed of light.

CosmicBuddha's picture

Sorry to be both a pedant and a geek, but photons are light and they always travel at the speed of light. However, they do gain mass due to their energy, so as their frequency increases so their mass increases.

Version 7's picture

They do not 'gain' mass. They have a mass equivalent, as every form of energy. (It's where E=mc^2 comes in, basically.)

CosmicBuddha's picture

I am sorry but they do gain mass, that is what the equation is saying! Energy and mass are equivalent. When something gains energy it gains mass, not mass equivalence.

 

http://en.wikipedia.org/wiki/Mass%E2%80%93energy_equivalence

 

If you actually read my post I say their mass increases as their energy increases, i.e. as their frequency increases. A photon of blue light has more mass than a photon of red light. Are you disputing this?

Smiddywesson's picture

I for one like those asides because you can learn a lot from them.

thanks

AccreditedEYE's picture

'bout time someone is catching on and saying it publicly. Repeat after me:  De...fau...lt.  That wasn't so hard was it? BS

SheepDog-One's picture

Gimme a D!....gimme an E! ....gimme an F!!....

SheepDog-One's picture

'Banks have guarantees of no losses'? Why should they have that? Off with their damn heads! Sick of this world where fractional reserve fiat BUMS in $3,000 suits get guaranteed high profits, and guaranteed no losses, ever, no matter what their actions!. Blood boilin time!

Every day I have basically a guarantee of loss at any minute. These people are unfukinbelievable.

knukles's picture

Now hear this.  Now hear this.
Member banks are guaranteed no losses.
Member banks are guaranteed no losses.

The disenfranchised innocent peasantry will pay.

Maintain Current Course.
Damn the Outcome.
Full Keptocratic Speed Ahead.

That is all.

slaughterer's picture

ECB'S STARK SAYS: DO NOT EXPECT ANOTHER WEEKEND BOND BAILOUT PLAN FROM US TO PROP UP THE MARKETS NEXT WEEK.  I AM GETTING LAID AFTER A Ü 40 PARTY THIS WEEKEND. 

Smiddywesson's picture

They were $4000 suits three years ago. God knows what the top of the line costs today.

Long-John-Silver's picture

It's that sinking feeling they get when they realize the crowd with the pitch forks and shovels are coming for them.

Hondo's picture

If it's not there job then why have they and continue to do it???

IMA5U's picture

but as Andrew Barry of Barron's said

 

Time to Buy

LeBalance's picture

ECB's Jurgen Stark says: "We all have powder up our noses and phlebitis, its a bankster thing. Everyone else does it. Why are you looking at me?"

plocequ1's picture

I see right through it. Thats why i am going to cook me some pancakes. Pancakes rule. Fuck waffles

Calculated_Risk's picture

Stinks of the same desperation as the tree hugging facists...

Aliens may destroy humanity to protect other civilisations, say scientists

http://www.guardian.co.uk/science/2011/aug/18/aliens-destroy-humanity-pr...

 

"Green" aliens might object to the environmental damage humans have caused on Earth and wipe us out to save the planet. "These scenarios give us reason to limit our growth and reduce our impact on global ecosystems.

 

 

REALLY?! Aliens care about global warming?! Fucking gore would be proud!! If anything they would want to kill us off to exploit our resources without a fight.

tip e. canoe's picture

maybe the real point of the article is not to defend one assertion or another, but rather to inject the alien meme into a topic that is highly divisive in order to generate eyeballs, and thus further spread the meme.   also witness Krugman's remarks earlier this week, coincidence?

don't forget, the medium IS the message.

Calculated_Risk's picture

I agree, what better false flag than to blast lasers from space (satellites), and blame it on some aliens that hate us for our freedom.

tip e. canoe's picture

not sure of the technology or propaganda used, but something tells me we haven't seen the last of the Norway Spiral, especially if the slumbering masses continue to awake.

Smiddywesson's picture

If I were an alien, I'd let us continue to do the job ourselves

 

StychoKiller's picture

ALL truly intelligent aliens are staying as far away as possible from this planet!

gwar5's picture

 

What the aliens would really say: "What happened to all the atmospheric carbon?? When we were here 50 million years ago the atmospheric CO2 was 2500 ppm, and now it is only 388 ppm."

 

 

Version 7's picture

The place is getting unlivable and the rats come out of the woodwork. Ain't so Jurgy? Another leader. According to current definition, knows everything but what to do.

Sudden Debt's picture

This is indeed the emotional reaction one expects from someone who's throwing in the towl.

 

oogs66's picture

cannibalization is the last resort...they are eating their own now

Whoa Dammit's picture

...Or knows he is about to be made redundant.

baby_BLYTHE's picture

Central Banks are indeed very powerful institutions. Should we really believe Bilderberg attendee Rick Perry's rhetoric on Bernanke & the FED?

A young Alexander Emerick Jones once asked a former Texas Governor, George W Bush, during a press conference if he should indeed go after the Federal Reserve Bank. Immediately after questioning, Jones was forcibly removed from the conference, with his armed ripped behind his back (to which to this day has not fully recovered) and arrested outside on the premises. The crime? A simple question in a society that supposedly guarantees free and open speech.

http://www.youtube.com/watch?v=3NhmZSdmY0s

Vic Vinegar's picture

Fuck asking slewie a question today. 

BB you are the best.  Shine on you crazy diamond.

Waffen's picture

I was there with Alex that day. The guy is 100% legit.

baby_BLYTHE's picture

cool. Do you work for Alex?

firstdivision's picture

ECB'S STARK: ALL DEVELOPED ECONOMIES HAVE PUB FINANCE PROBLEMS

Translation: Yes, all developed economies are a ponzi scheme.

Internet Tough Guy's picture

ECB'S STARK: WHO LET YOU IN HERE. SECURITY.

Internet Tough Guy's picture

ECB'S STARK: I ALWAYS TALK THIS WAY IN A SCREAMING FLAT MONOTONE DEVOID OF HUMANITY. I AM A GOOD BANKER. WHY DO YOU ASK

azengrcat's picture

PONZI GUY SUPERMAD.  NEXT UP RAGE QUIT?

oogs66's picture

they are turning on themselves..the end is near....

Iriestx's picture

The ECB having their period?

Miles Kendig's picture

ECB Stark does his central banker best at framing the "let's boost confidence" meme. Next he'll blame Osama bin Bernanke for undermining the pan European stability the ECB is laboring to defend with misty moats and soapbox fortifications