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Larry Summers Does It Again
Back in October 2011, our inaugural "Quote of the Week" went to that destroyer of pretty much everything, deep fried twinkies and value most certainly included, Larry Summers:
"The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending and too much spending, it can only be resolved with more confidence, more borrowing and lending, and more spending." Larry Summers, source
It is only fitting that the sequel to what to a large majority of people is the dumbest quote in history, will once again come from Larry Summers:
"Rather than focusing on lowering already epically low rates, governments that enjoy such low borrowing costs can improve their creditworthiness by borrowing more not less." Larry Summers, source.
3..... 2..... 1..... and #Ref!
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Scary. To think this guy was a trusted adviser to anyone. Just plain scary.
Larry Summers is an idiot.
"Rather than focusing on lowering already epically high caloric intakes, fat pigs like myself that enjoy such absurd amounts of fatty foods can improve their repulsive obesity problem by eating more not less." Larry Summers
Prolapse.
Full rectal prolapse.
http://en.wikipedia.org/wiki/Rectal_prolapse
What did you say his name was.. Larry Stigma?
History will not be kind to these folks.
Did MillionDollarBonus_ say the above, or Larry Summers? Is there more than one? LOL.
Someone needs to shut this dumb fucker up...
"The only way to get out of this hole we've dug, is to dig faster and faster without any bracing. Yeah, that should work."
Larry has some serious personal health issues.
He probably will not live until his trial and conviction for the activities that he and Robert Rubin undertook during the Clinton administration.
To Larry Summers ~
The after dinner mint... DON'T EAT IT!
when i think of how much tribute $ that fat, arrogant, "celebrated", dumb-assed motherfucker has skimmed out of the system it makes me wanna holler.
He's rich.
and he's a useless incompetant shitbag
GO FIGURE
Larry Summers is the Yogi Berra of the financial world...
"A nickel ain't worth a dime anymore."
The Larry Summers version:
"My bullshit ain't worth a hyperinflated dime anymore."
Could it be that MillionDollarBonus is Larry Summers? The logic of the posts seem to indicate they are the same person.
Wow, big surprise. Another Jew who dont know what the fuck is going on in the economy but who likes to give advice on how to fix this mess which they got us into in the first place.
Funny how you never seem to refer to them as Americans...
It's like it's always someone else's fault...
that's because they aren't really americans man. their loyalities lie with their racist, apartheid state, israel. they don't fit in because they "think"they are better than everyone else and don't want to fit in. that is why most of these jew traitors have dual citizenship
You made that up all on your own.
and it's Bullshit, isn't it
Fuck off, moron.
.
Divided
yeah
Bob Dylan and Einstein both said the same thing....cuz they are jewish too???
moron get out of your cellar and meet one jewish person...thenat least you will have a real live reference point to spew from..
Well he is punching himself in the face. It's a start.
Think'n makes him sleepy.
You need to achieve REM sleep to be fully qualified to be on the 'Economic Dream Team'...
Note to self. Never click in Wikipedia links containing the word rectal, while eating cookies.
That's just nasty.
Hey Knucks, how about rectal-cranial inversion?
Larry Summers is a Useful Idiot...
To the ruling, criminal, financial oligarchy....
I know the Cherokee woman from Harvard- She told me Larry Summers means Dick-Smoker in her native tongue.
Faux-cahontas, Elizabeth Warren.
Sorry, but her non-stop tv ads here in Massachusetts are excruciating. They depict her as someone who singlehandedly rode herd on Wall Street, stopping all their abuses. Which is strange because, while I think she had the right idea in several instances, she accomplished nothing. As is the case in most states, our senate race here in Massachusetts is the evil of two lessers.
Summers is descended from the lost tribe, "Weer-Da-Fa-Kowi".
re: Elizabeth Warren...isn't it hilarious how liberals are already treating her like some kind of a folk hero? a bunch of idiots those liberals.
they're not liberals. they are libtards because they don't know the true meaning of liberal. liberty, libertarian, libre. liberty is the soul's right to breath.
she will never stand up to the true power structure in this country. the last american president to do so was Jack Kennedy and look what happened to him. we are a nation of spinless jelly fish who will get what we deserve in the end---third world slavery status.
she's jew controlled opposition too. who isnt? she plagiarised her cookbook too. typical heeb.
Elizabeth Warren's recipes sound familiar - BostonHerald.comI'm still trying to wrap my head around running an anti-Wall St campaign in Massachussetts. How exactly does one frame that? It sounds like trying to run for mayor of Provo on a platform of having serious beefs with the Mormon Church being all up in shit everywhere.
She possesses an almost negligible percentage of wisdom, this woman you speak of, we must grant her this small percentage with a <nod>
SNL
Don't Buy Stuff You Cannot Afford
http://www.hulu.com/watch/1389/saturday-night-live-dont-buy-stuff
http://www.policymic.com/articles/9163/louisiana-convention-results-ron-paul-delegates-arrested-as-they-command-majority
House to Vote on Ron Paul Bill to Audit the Federal Reserve
http://www.dailypaul.com/237664/house-to-vote-on-ron-paul-bill-to-audit-the-federal-reserve
OBAMA BALLOT CHALLENGE FOR JUNE 18, 2012
Judge Terry Lewis States "Natural Born Citizen" Definition Will Be Decided
May 31, 2012, Tallahassee, FL - Activist attorney Larry Klayman announced today that Judge Terry Lewis of Leon County, FL has set a hearing on June 18th, 2012 at 9:00am to hear arguments from both sides about whether the eligibility of President Barack Hussein Obama can be determined in open court. http://obamareleaseyourrecords.blogspot.com/2012/05/attorney-larry-klayman-florida-judge.html
My guess is that someone is either going to not wake up in a hot tub, or else Judge Terry will fold like a cheap lawn chair.
Geaux Ron Paul!
He can speak idiot in 5 different languages.
and moronic in 7 more
Actually he doesn't and in fact Summers believes foreign languages are useless. He penned an op-ed piece in the NYT a couple of months ago about it. In my opinion Larry Summers is useless.
Warren's pet name for him is 'Tits On Bull'...with rare exception it's amazing to see people with so little talent and brain power getting prominent positions in government. I guess it's the stench of the power that attracts them, like flies to shit. Summers, Geithner, Bernanke, and on and on...
Yep. I'm not sticking up for him by any means, but if we are going to have an elite class that runs society into the ground for it's own benefit, then somebody has to be the one to say, "up is down" with a straight face.
Summers drew the short straw and is "that guy" this time.
In the long run all fat pigs are dead.
Amazing that a guy as ugly as Summers actually gets laid and married:
http://www.fas.harvard.edu/~amciv/faculty/new.shtml
he's got a schlong the size of a roll of nickels, but its just as hard baby, just as hard
Debt is wealth......
That means there's a whole lotta rich fuckers out there, so tax them...
According to the debt is wealth model, i am one poor sombitch..
Make that, a flat broke sombitch.
So, I should max out all my lines of credit, credit cards, etc, in order to boost my credit worthiness?
If the credit score people lower my score, can I sue them and say that Larry Summers told me borrowing more INCREASES creditworthiness, not decreases it?
If the credit card company refuses to up my limit, can I sue them for preventing me from becoming more creditworthy?
but why should this surprise any of us at all. "Larry" is one of the white shoe boys from Harvard who believes in his conspirators in arms at the Jew owned and run central banks of the world. In fact, if memory serves, "larry" is one of these Talmudic, racist, Zionist jews who seem to be in positions of power all over in this country despite the fact that all they do is screw up and make things difficult for the rest of us goyim. see Larry is promulgating this sort of cognitive dissonance into the mainstream to provide cover to the federal reserve no matter what it does. QE or not QE if we experience a violent financial dislocation and continuing greater depression, it will be because "we" didn't cut interest rates enough or "we"didn't borrow enough as a society to satisfy the bankers. If we only continue to bring more debt(money) into existance, will these criminal slimeballs be satisfied. remember that the cental bank we have now is one of the original planks that the bolshevik Jews Marx and Engels rested communism on as a political philosophy. look where that got the Ukranians with Stalin and Yagoda(NKVD). Both Khazar (non biblical jews). All of these jews we are dealing with from "Larry" summers to ben bernanke do what they do because they have been raised in extremist talmudic religious schools primarily in NYC from an early age. They are tought in the satanic tradition of do as though will and that the vast majority of humans(goy) are stupid animals not worthy of any of their respect or consideration for they are a superior race of individuals who are gods special chosen people and that therefore they can do or say whatever they want because they are like God and we are there animals to use and abuse as they see fit. why is it so hard for people to realize this. i guess they are afraid to acknowledge the reality of what is going on because it would mean they would have to do something about it and most people are spineless jellyfish who could care less as long as they have their gladitorial games and boob Tube whore media to tell them what to think and how to act so they don't raise any suspicions. ever wonder what the model for the TSA rapists was and where it came from? Go to palestine and you will find out. the world's largest open air concentration camp. pretty funny to here zionist jews say never again when they have it going on just across their apartheid wall. what they mean is never again for them. for the palestinians, no matter they are just cattle to be used and abused for their benefit.
boycott israeli goods
divest israel stocks
speak out
Eat my shit.
sorry, I'm not a copraphilliac like yourself, shithead! That's the best you can do pussy?
I'm gonna need to see some footnotes dude. sounds shady.
I am neither a racist nor an American, but it seems to me that the most incompetent and dangerous elements of the Jewish people seem to be in the employment of the United States government. They surely must be an embarrasment to decent Jewry. If I am wrong can someone tell me why?
I asked a question and I got a down tick. How about answer first or have I hit an embarrasing nerve?
get used to it around here. anything touchy like israel and jews is not to be discussed. eratz Israel from the nile to the euphrates. that is their goal.
everyone needs dreams. its in our dna. its the water, we are the fish.
"I asked a question and I got a down tick. How about answer first or have I hit an embarrasing nerve?"
Don't flatter yourself. Saying stupid things is not "hitting a nerve." It's just saying stupid things.
you are right, but it is no accident they are in these postions of power. it is by design.
the most extreme of the extreme (eg talmudic zionist school) are put up into these high positions of power. just ask michael chertoff( ie skelatore) and Ben "shalom" Bernake the bringer of "peace". they are classmates from one of these talmudic extremist religious training centers in NYC. hell, ben bernanke cut his teeth for a jew gangster crime boss when he was at harvard by the name of alan shafer when he was home from study at harvard during summers.
and here the C I A is "worried" about the Al C I A DA madrasses over in the middle east that they are financing themselves. Nothing like a self inflicted gunshot wound to bring in the funding eh C I A. It is called synthtic terror and it works quite well for the Zionist jew bankers army known as al-qaeda. then the CIA is the overseer of al-qaeda just as they were in afghanistan in the war against the soviets. if the international zionist bankers ( ie central bankers) don't like your country's monetary system because they don't control it, look out. just ask the libyans, syrians, iranians, iraqis, afghanis etc how well it worked out for them. these zionist jews are ruthless and will stop at nothing.
its no coincidence that the CIA has largely been controlled by new york bankers since its inception. the cia and the gansters on wall st. have a common goal. screwing the american middle class, because lets face it, if the american middle class had any power, let alone existed, agencies like the C I A would no longer exist. what we have instead is an army of consumer, fluoride addled mindless, inbred yuppy consumers who could care less who is on the murderer-in-chief's kill list as long as they can just take that vacation to the bahamas with their barby doll wife with fake tits next year. but ask them how they would like it if they were on the kill list and they baaah like a sheep that they could never be on a "kill list" as they are a "good American" who has nothing to hide.
is he really as slow witted as he seems? I only know his academic reputation, which is as middling as one might expect from an average (yesterday's C, tomorrow's A with honors) US brahmin.
Is he really this much a stooge? It *does* fit his academic profile. The man takes stoogery to Werner Von Braun levels of brilliance. If Larry were Werner, he could put a series of stupidity mirrors into orbit to reflect back all human stupidity at any given time to any given location on earth. The joystick is stuck Larry. Leave it alone.
No Chris. He's a sociopath.
Larry Summers- Fucktard of The Year- 11th Year Running.....
This word " borrow " , does not mean what he thinks it means .
Maybe he's been taking engineering classes. In the world of engineering, we sometimes refer to "gravel borrow" or "ordinary borrow" in describing soil to be used in earthwork surrounding a building or under a road.
Perhaps that's what Larry meant. He's a secret polyglot fluent in the argot of many fields. He just seems like yet another hopeless finance world dipshit. Like a Justice League member desperately hiding a secret identity. Larry's hiding that he's not a 100% dipshit.
.
he's wearing gold plated diapers, baby
I would allow my son to swing his baseball bat at Summers head if we seen him in public! Then I would tell my son, you only get to do that once again in your lifetime, and John Corzine is the other hit!
5 TRILLION dollars after Obama was given this advice by Summers, with respect, IT ISN't FUCKING WORKING. It's good that he is back on Campus where he can't do any harm, except to women.
He has my vote for the biggest asshole in the US. And there is plenty competition for that honour.
To be fair, most of the deficit spending is for existing programs like the Perpetual Global War Initiative, the Keep Everyone Alive As Long As Possible Using the Most Expensive HealthCare System Possible Initiative, and the Pay People For Not Working Initiative.
Only a small amount went to stimulus in the form of grants and gaurantees for renewable energy companies, and there was no way Obama could tell the ones he was picking were the losers.
If only they had borrowed more and had bigger programs and invested in a broader range of companies, the odds they would have picked a winner would have been much better.
obviously obamas picker is brocken. look at michelle, and biden
Just wait till Joe Sixpack finds out about the Tessier-Ashpools
Larry Summers vs Molly Millions... swift and bloody.
Ouch. We are doomed.
Just load up best you can with pre-65 silver quarters and dimes. What more can I say?
It's just amazing.
I have more storehoused nickels than anyone else. There are lots of rules regarding height or construction on private property: there are no rules as to how much mass you can own.
Go nickel or go home
Yes, Truly
"Get this fucking retard off my stage. He's fucking up everything I meant!" - John Maynard Keynes
If only Summers was the Greek FinMin. This slow motion trainwreck would be over by now.
Got Gold ???
Got Gold? check
God Silver? Check
Got vault? check
Got water collection device? check
Got solar panel? check
Got guns and ammo? check
Got German Shepard? check
Freudian slip? You wrote:
God Silver? Check
I like it! Not that I actually give that fine element the status of diety, but it will bless our lives a whole lot more than the plethora of Federal Reserve Hiney Wipes out there now.
a Freudian slip is saying one thing and meaning your mother
must be an internal thought
The only thing more painful than an idiotic and arrogant comment from Loser Summers is anything uttered out of the mouth of Paul Krugman.
As Larry said to the Winklvi (Total A Holes). Creating a job is better than taking one.
http://www.youtube.com/watch?v=PRA_9_djcPo
The Summers of our discontent. Wonderful.
"Rather than focusing on lowering already epically low rates, governments that enjoy such low borrowing costs can improve their creditworthiness by borrowing more not less." Larry Summers,
Yeah thats the ticket fix debt with debt - *RollsEyes*
We are SO Fucked........................
........yes, we are.
Summers, Obama, et al, BELIEVE this shit. Summers ran up the debt at Haaavard before leaving. Only in Bizarro World (or the USA) is this guy considered intelligent.
Yen a few minutes ago had a major flash crash
clearing out the stops ?
7:14pm est
Japan's Finance Minister, Azumi, was quoted saying that "if these excessive moves continue, I will have to respond decisively".
as opposed to...
my guess yen peaked on friday. went short FXY. we'll see
i have trading at 78.13 down 4 pips
Zombie Godzillas mannin the phones about now
Larry "Bath Salts" Summers
That WOULD explain a lot of things.
'larry - bad salts - summers' funniest thing ive read in quite some time t/y
Doosh..........
baghdad bob does paris hilton....what a complete fucktard
He's a financial Hitler. A total disaster. How's that Harvard endowment fund doing, Lar?
Kill him if you can, LS needs to meet his maker - one of the biggest criminals of the last century.
Hey Zombies...come and get this Fat-Boy!
Again with the screws. You been feelin' some pressure lately? All the best,
Screw U.... Not my alma matter...Whats a Matta U? ;-)
Yeah, we don't need to be able to outrun zombies. We just got to be able to outrun Lazzy Summers.
"We can improve everyone's standard of living, not by stealing less, but by stealing more." Larbentim Sumbernankgeit
Let me see if I understand this. If I am drunk as a skunk blowing a 1.5 on the breathalyzer but the government resets the standard to 2.0, I should drink more to prove that I am sober? Brilliant!
If you're too drunk to drive, but you have to drive home, the best way to sober up is to keep drinking.
He doesn't believe his own bullshit. He just wants a seat at the oligarch table when the SHTF.
He's hysterical!
- Ned
Is it possible he's actually just believing that by spraying a fire with gasoline, they're going to extinguish it?
By their logic either that works or GDP will improve by a few points.
Well, he is not a physicist he is an economist, what do you expect!
it is a harvard thing,. he is drinking from
the charles.
luv that dirty water...
http://www.youtube.com/watch?v=5apEctKwiD8
The Standells - Dirty Water
.
(Spoken:)
I'm gonna tell you a story
I'm gonna tell you about my town
I'm gonna tell you a big fat story, baby
Aww, it's all about my town
Yeah, down by the river
Down by the banks of the river Charles (aw, that's what's happenin' baby)
That's where you'll find me
Along with lovers, fuggers, and thieves (aw, but they're cool people)
Well I love that dirty water
Oh, Boston, you're my home (oh, you're the Number One place)
Frustrated women (I mean they're frustrated)
Have to be in by twelve o'clock (oh, that's a shame)
But I'm wishin' and a-hopin, oh
That just once those doors weren't locked (I like to save time for
my baby to walk around)
Well I love that dirty water
Oh, Boston, you're my home (oh, yeah)
Because I love that dirty water
Oh, oh, Boston, you're my home (oh, yeah)
Well, I love that dirty water (I love it, baby)
I love that dirty water (I love Baw-stun)
I love that dirty water (Have you heard about the Strangler?)
I love that dirty water (I'm the man, I'm the man)
I love that dirty water (Owww!)
I love that dirty water (Come on, come on)
Europe should just put Larry in charge to speed up the end of the Euro.
Thanks to Summers the 2009 $1 Trillion Stimulus produced worse results, by their own charts, than if we had done absolutely nothing.
He also stated privately in 2009, along with Stiglitz, that US economic malaise and unemployment over 10% would go on for years and years (and per U-6, so far so good). Such things are not good vote getter, so was not said publicly.
Only in the dimly lit corners of financial whackademia can such pearls of wisdom be found.
Look!!!...here's one!!!
He has opened his mouth and removed all doubt , again..
EDIT This isn't another ZH zombie alert is it?
I just shot a zombie in my pajamas...
What was a zombie doing in your pajamas?
lol...black dog & lebalance have given me a couple ways to go here...I'm stayin with Groucho ;-)
I aint going there!
no kids 4 you!
TOO MUCH..¸„ø¤º°"¨
¸„ø¤º°"Adrenochrome``"°
We can't stop here, this is bat(shit crazy) country!
WAR IS PEACE, FREEDOM IS SLAVERY, and IGNORANCE IS STRENGTH.
PS Thanks to the hard work of those at Miniplenty, cauliflower rations are increased this week by 1/2%
But that other ministry had to first remove all mention of the 30% decrease in output just last week.
It is just insane to me that someone actually thinks the the solution to out of control borrowing is increasing the amount of borrowing. People just need to wake up to the fact that it doesn't matter who gets into office, a Repub or a Dem, or a Libertarian, or a Socialist. Unemployment is here to stay. It used to take 26 people to build a car, now it takes 2. You used to have to go to your local electronics store to find out about a new TV or a new camera or microwave, now everyone just goes on CNET. Scores of stores across the country stocked with customer service people have been replaced by 40ppl running a website and 6 strategically placed warehouses. The middle class assembly line job that allowed your wife to stay home with the 3 kids has been moved to China where someone is paid $1.31 an hour. There just aren't enough jobs to go around.
It only matters how we as individuals respond to the changing world/economy, because the political structure in the United States is NEVER GOING TO CHANGE. Corporations fund every political candidate and an honest politician could simply never gain traction (see Paul, Ron). Live frugally, become more self-sufficent when possible, maintain one's health by eating whole foods, have a supply of food, water, some hard currency, a firearm or two.
Employment disadvantages can be leveled by instituting the proper tarrifs. It takes leadership. Obama is not a capable leader. So it's time for someone else to step up. I'm optimistic that guys like Krugman and Summers have been exposed for their ignorance and a new era of common sense economics will be upon us all soon. BTW it will take a market crash first.
Another one?
First, modern monetary theory says that the heavily indebted must borrow more to hold them over until they need to access the debt market again. You, know, debt is a journey and not a destination. Enjoy the ride.
As for unemployment in a world of increasing efficiency and decreasing resources, the equity market was shown the future and it spit in its Face(book). Yes, Facebook is the future. Its intended purpose is to waste time, which means decreased efficiency, and it uses an absolute minimum of scarce natural resources to manufacture its product. The added benefit is that it does actually employ a few people. Keeps the kids off the streets, too. Embrace it.
Jaba
Its been all downhill since Obama let him leave, we could use this kind of wise guidance in times of crisis....
They just keep saying 2 + 2 = 5 because a majority of Muppets will believe what they are told. This is fun for the Oligarchs, it makes them feel so powerful near God like. To know that they can make the masses believe anything they want. In addition this kind of nonsense is also a sledgehammer used to crush the hope of the rational resistors.
I hear what you are saying, but I think the head just flew off the sledgehammer and hit the oligarchy in the balls.
Larry Lumbergh Summers
http://www.youtube.com/watch?v=lzHw35ulVpE
Summers is a die hard Keynesian. Nothing, no evidence, will convince their superior entities of their folly. Like Krugman, Romer, etc.
Larry Summers -
"Summers also served as the 27th President of Harvard University from 2001 to 2006. Summers resigned as Harvard's president in the wake of a no-confidence vote by Harvard faculty that resulted in large part from Summers's conflict with Cornel West, financial conflict of interest questions regarding his relationship with Andrei Shleifer, and a 2005 speech in which he suggested that the under-representation of women in science and engineering could be due to a "different availability of aptitude at the high end," and less to patterns of discrimination and socialization.
Summers has also been criticized for the economic policies he advocated as Treasury Secretary and in later writings.[3] In 2009, he was tapped by President Obama to be the director of the White House National Economic Council.[2][4]"
http://en.wikipedia.org/wiki/Lawrence_Summers
"During Summers's presidency at Harvard, the University entered into a series totalling US$3.52 billion of interest rate swaps, financial derivatives that can be used for either hedging orspeculation. Summers approved the decision to enter into the swap contracts as president of the university and as a member of Harvard Corp., "the university's seven-member ruling body" which bears "the school's ultimate fiduciary responsibility." By late 2008, those positions had lost approximately $1 billion in value, a setback which forced Harvard to borrow significant sums in distressed market conditions to meet margin calls on the swaps."
To give the devil his due, Summers was obviously correct about women and engineering.
when this goes down, certain people will be hunted down in the world & brought to trial ... clawback, payback & justice , nothing less. add Clinton & Rubin to that photo .
Why even give this clueless moron first class idiot any attention?
HUH?
Sounds like krugman,mspnd your way out of recession.
i have this feeling that day after day i am gaining a better and better understanding of how people must have felt in Germany between the world wars.