Europe Tells Geithner To Take His Advice And Shove It

Tyler Durden's picture

Just because it is not enough for Tim Geithner to be mocked, ridiculed and generally despised on one continent, the former New York Fed "Hudsucker Proxy-style" plant has just managed to become the most despised individual on at least one more continent. Bloomberg reports that European Central Bank Executive Board member Juergen Stark said countries offering advice on how Europe should solve its debt crisis should put their own fiscal situation in order first. "Finger-pointing in the direction of Europe shouldn’t prevent others from putting their budgets in order and doing their homework before handing out advice to Europeans," Stark said at an event in Vienna. This probably means it is safe to assume that the ECB, after listening to the human caricature of Beavis twice in a row on implementing totally failed stress tests, will not take up Timmy on his latest proposal of how Europe should fix itself. It is also safe to say that Europe just have a perfect example of how one should shut up a corrupt, incompetent, cheating, printer of virtually infinite one-ply US debt.

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Careless Whisper's picture

The Afternoon Careless Whisper Update

 

 

"Gulf Cartel" Takes Over Government In Mexico For 5 Hours; 70 Armed Men Arrive In 22 Vehicles With CG Logos (Apparently Not Trademarked); Nobody Hurt

http://noticias.univision.com/narcotrafico/noticias/article/2011-09-14/7...

Two Small Fry Arrested For Insider Trading

http://www.nypost.com/p/news/local/federal_prosecutors_in_manhattan_N1KS...

Mexican Mayor's Convoy Attacked Near Cancun

http://latino.foxnews.com/latino/news/2011/09/15/mexican-mayors-convoy-a...

Old Men In Congress Ask Panetta To Delay DODT Repeal Set For Tuesday

http://www.stripes.com/news/days-before-dadt-repeal-lawmakers-ask-dod-fo...

Homemade Video By Troops Indicate They Are Ahead Of The Curve On Diversity

http://www.youtube.com/watch?v=DXk_jVUEV-I

DosZap's picture

Careless whisper,

Gonna ONE up ya.

OT, but funny.

Webite on Scarlett Johannsens nude pics, ask's "What would Tyle Durden Do?".

How did Tyler get involved w/this!

Another OT:

Who's minding the store?.

http://blogs.wsj.com/economics/2011/09/14/billions-in-unemployment-benef...

theXman's picture

He was laughed at by Beijing Universty students while making a speech about the "strong dollar" policy. Add Asia to the list of continents that think of him as a clown.

Lee's picture

the walking, talking armpit....timmah.

Mr Lennon Hendrix's picture

Maybe if he offered his tax services they would like him better.

mkkby's picture

I actually don't have a problem with Tim Geithner.  So he molests sheep.  So what?

john39's picture

rumor that i hear is that mexico is facing a real insurgency not just random drug cartel violence...  really hard to say what games the governments are playing right now.

Careless Whisper's picture

perhaps a collapse of mexico will make it easier for a north american union ?

 

jeff montanye's picture

another reason ron paul is more right than wrong: the war on drugs should join the war on terror in history's dust bin.

sunnydays's picture

LOVE IT!!  That should take Geithner down a notch or two!  Good for Europe!  Geithner is there just to make sure the banks get their money anyway, he could care less about the countries, it is all about the banks and money for them.

Jonas Parker's picture

Hard for Geithner to go down any lower... he's been laughed out of China and is a standing joke here in the US, and now takes his "Rodney Dangerfield" act to Europe with the expected results.  Maybe he can get rejected by the penguin population in Antartica...

Zero Govt's picture

maybe McDonalds will revive Ronald McDonald just for Tiny Tim, he already has the red funny nose and size 19 clown boots ...kids could learn how to redicule this retard after every adult on the planet has finished with him!

TwelfthVulture's picture

He reminds me more of the hamburglar.

Segestan's picture

Wow.. It seems they don't know greatness when they see it. I was Hoping they would keep him so we could have some real Change.

Divided States of America's picture

Seems like many Greeks have taken Turbo Tim's advice for the past decade when it comes to paying taxes.

GeneMarchbanks's picture

It's not enough that Geithner is mocked and ridiculed. This asshole needs to be removed.

Sabibaby's picture

Somebody should throw a pie in his face and put it on youtube before he accidently falls on some bullets.

spiral_eyes's picture

I'm sure Benny will still bail them all out...

He's the spider running the hedge fund at the centre of the financial universe, and his only god is aggregate demand...

http://azizonomics.com/2011/09/15/christine-lagarde-there-is-still-too-much-debt-in-the-system/ 

A Man without Qualities's picture

"his only god is aggregate demand..."

this is the fundamental flaw of central bankers the world over - they focus on aggregate and take any credit expansion, because they know without it the system will collapse, leading to the eventual destruction of the currency they are sworn to protect.  

I have not heard a single central banker address the key reason for the current crisis, which was the unrestrained malinvestment, i.e. debt for consumption and non-yielding assets.  And this is why they have no plan other than to get through each and every day, no matter what it takes.

spiral_eyes's picture

the problem with aggregate demand is that it is an aggregate, and doesn't distinguish between productive and non-productive spending.

there you go sir, you just summed up my economic philosophy.

have a +1 

mr_sandman's picture

Indeed.

 

Aggregate demand is just a bunch of prices (for goods & services) multiplied by their quantity.  However, if those prices are generated by command, there's no accuracy whatsoever in their actual value.

 

In a market, people try to get deals--in government, not so much.  So the closer one moves to a command economy the more prices are just made up and the less utility is received per price.  This is even excluding the fact that government goods are inferior.

SheepDog-One's picture

Yea well one of these days soon there will be no more bailouts, but war started by them instead. Their #1 real problem is too many people, and nothing theyd like more than to reduce the world population by a couple billion people. Make no mistake about it, right when everyones expecting to coast along on more miracles is when another 9-11 X100 happens one morning.

Just remember war solves everything, wipes clean all books and records. Top criminals become Generals. When bailing out becomes more troublesome than flipping the World War switch to on, watch out.

spiral_eyes's picture

there aren't too many people, exactly.

i mean people are society's greatest asset — labour, innovation, ideas, etc.

it's just that all the resources that the market would send to feeding and clothing the world have instead gone via government and government-sponsored-monopolies to the pockets of people like warren buffett, who don't give a fuck about anything other than putting the competition out of business through overregulation.

cannibal corporatism. 

mayhem_korner's picture

There goes Timmay's shot at being named to the Ryder Cup team.

Waffen's picture

smells like just politcal theatre for the gallery (european public).

fredquimby's picture

http://fofoa.blogspot.com/2011/07/euro-gold.html

and here is

13 September 2011 - Consolidated financial statement of the Eurosystem as at 9 September 2011

http://www.ecb.int/press/pr/wfs/2011/html/fs110913.en.html

 

President Palin's picture

Don't worry Timmy - I am certain you and Benny will put Europe in its place.  Gonna lend them more of the US taxpayer's money?

SITruth's picture

If Geitner is giving any advice, it should be from inside a jail cell in a Federal prison (without his hair piece on, of course).

karzai_luver's picture

He is such an shame on this country.

 

My god, I can't stand the thought of a criminal scum like him as well as a fukin TAXCHEAT in this office.

 

Owebama, you nit , dump this clown.

 

At least JamieDIMON is well not TIMMAY!.

 

 

DUMP THIS CLOWN DUMP THIS CLOWN DUMP THIS CLOWN!

 

 

uninspired's picture

Beavis! ROFL its funny cause its true

karzai_luver's picture

A meth'ed up Beavis and Buthead could not be more worthless than this geethner dope.

 

 

Duffminster's picture

Creating Debt to pay for toxic debt to delay the reckoning of unrepayable debt provided by the most indebted central banks in the world.   The whole problem started in 1972 when Nixon defaulted on its Gold obligations to France and kept the gold and started handing out paper without anything but debt backing it instead of gold certificates. 

That started the spiral of ever increasing spending, lower taxes and higher deficits and debt.   This trend has spread throughout the world and now the most indebted borrow (or print currency) to bail out insolvent banks.  

I'm certain that the outcome of this insanity is enough to make EU officials snap at Geithner when he suggest more of the same.  

 

 

Duffminster

Whalley World's picture

for accuracy it was August 15th, 1971 when Nixon closed the "Gold Window"

booboo's picture

"cheating, printer of virtually infinite one-ply US debt."

Thus his need for TP for his bunghole

 

http://www.youtube.com/watch?v=Ow4SHYu2ZNE

MrBinkeyWhat's picture

Hail Victory Comrades!

Lets Hang Parliament's picture

Hello!

Stark resigned on Friday so the ECB will ignore him but who would back Europe in a team bonding competition?

Any takers?!

anynonmous's picture

exactly

Stark is the anti central bankster

jerry_theking_lawler's picture

that's why he can speak his mind without any reprecussions....and why he is no longer going to be an ECB banker either....he just doesn't fit the mold.

Agent P's picture

I'm pretty sure Stark wanted to send Timmy a "Fuck You" card for quite some time.  Now that he's on his way out, he can.  I like this guy.

Lets Hang Parliament's picture

Delete double entendre...

chunga's picture

Somebody ought to throw a Jihad on his ass. Durka Durka

mikmid's picture

Fucking perfect.

SheepDog-One's picture

Now the FED central banksters will throw a tantrum.

M.B. Drapier's picture

Just because it is not enough for Tim Geithner to be mocked, ridiculed and generally despised on one continent, the former New York Fed "Hudsucker Proxy-style" plant has just managed to become the most despised individual on at least one more continent.

Now hang on. Didn't Geithner's legend begin in Asia, before he ever hit the bigtime back in the Americas? So Europe is continent number three. At this rate I shudder to think what he has planned for Antarctica.