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Tim Geithner Glitch In The Matrix Special: Will America Become Greece In Two Years - "No Risk Of That"

Tyler Durden's picture




 

Geithner April 2011:  “Is there a risk that the United States could lose its AAA credit rating? Yes or no?” - Tim Geithner: “No risk of that.”

....

Geithner April 2012:  “If we don't deal with these debt problems we are going to be Greece in two years” - Tim Geithner: “No risk of that.”

On Friday we learned that in 2011, the president paid a less than "fair" 20.5% in taxes on his joint income, substantially less than pretty much most Americans who listen to the now virtually daily sermons on the fairness of class warfare. It prompted us to wonder if the president has not been taking tax advice from the likes of the Treasury secretary, best known not for destroying the US economy, but for having some tax "underpayment" issues of his own, which however TurboTax was delighted to take the blame for. Which explains why now that the president may appear just somewhat disingenuous when discussing tax "fairness", it is up to the lackey who made tax evasion cool all over again, to defend the "fairness" of the Buffett Rule (shown graphically here) in today's episode of 60 Minutes. Oddly enough we were expecting Timmy to tell everyone to just use TurboTax... and some creative imagination when it comes to reporting income: he did not, instead he said "If we don’t push for things that make sense, then we’re not governing". No comment there.

But wait there's more: in a disastrous attempt to prevent the repeat of last August, when a 3 month showdown over the US debt limit ended up crashing the stock market, and culminated with the downgrade of America's AAA rating, Geithner, who previously said there is no risk of the US ever being downgraded (4 months before it was), urged Congress against repeating last year’s "very damaging" debate over the debt limit, adding that the economy is stronger than at any time in the past several years. We wonder though - very damaging to whom exactly: the liars who claim that 'America's economy is stronger than ever', courtesy of well over $2 trillion in debt in the past two years? Or that the debt ceiling will be breached all over again before the presidential election, confirming that the Treasury secretary can't even budget the worst case scenario one year in advance? Finally, since there will be a protracted debt ceiling fight, certainly during the tail end of the presidential campaign, is Geithner's plea really just to prevent Congress from making him into a running gag punchline for the second year in a row (all the while blaming the Bush presidency as usual)?

But the absolute kicker, and here we flashback to April 2011 when Timmy said there was "No risk" of a US downgrade, was Geithner using his favorite catchphrase, this time in response to whether the US may become Greece in two years: "No risk."

And scene.

From Bloomberg:

"It would be good for the country, if this time, they did it with less drama and less politics and less damage to the country than they did last summer,” Geithner said on NBC’s “Meet the Press” program today, referring to lawmakers’ reluctance to raise the debt ceiling until an 11th-hour agreement with the Obama administration in August.

Actually it would be far gooder for the country if the debt ceiling debate did not have to arise ever 6 months or so. But since the US economy is now terminally broken, and the Treasury generates more cash from debt issuance than from tax refunds, only idiots could possibly fall for the outgoing Treasury secretary's sad platitudes at this point.

Geithner has said the U.S. won’t hit its debt limit again until late in the year.

Which means the debt limit will be breached in a few short months as calculated here.

Americans generally should feel much more confident about the basic strength of the economy than they would have felt any time in the last four or five, six years,” Geithner said. Still, “it’s a very tough economy.”

Well if they were drinking nothing but the same hopium and KoolAid dispersed by the administration over the past 3 years, they would. Alas, they no longer do. And the reality is diametrically opposite.

When all else fails, blame it on Europe and evil, evil speculators who drive oil prices higher, but never on saintly stock speculators who do the same with equities:

“Obviously, we’ve got a lot of challenges ahead and some risks and uncertainty ahead,” Geithner said on ABC. Those risks include the European debt crisis and oil prices, he said.

Finally, for those who wonder why Geithner gets paid the big bucks:

Geithner, asked what the U.S. jobless rate will be on election day, told CBS that “if the economy continues to gradually strengthen like it’s been doing, then the unemployment rate will be lower.”

Actually, it is not the economy strengthening, it is the labor pool imploding. So yes, if civilian labor force ratio drops to 58% or less (a divergence that can be seen perfectly here), the unemployment rate will not only be lower, it will be negative - something which every treasury secretary is all too aware of in an election year.

Timmy "TurboTax" Geithner on tax fairness:

And the same soon to be employee of the Goldman-Morgan banker complex on the debt issue:

 

But the absolute punchline: Tim Geithner on whether there is a risk America could become Greece in two years: "No Risk"

And from April 2011, when asked if the US will be downgraded: just watch the first 15 seconds...

The only thing inquiring minds want to know is whether the dollar-drachma exchange rate be 1:1?

 

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Sun, 04/15/2012 - 17:47 | 2347181 Rahm
Rahm's picture

"No Risk Of That."

 

Translation - Oh shit!  Time to worry!

Sun, 04/15/2012 - 17:57 | 2347202 Sudden Debt
Sudden Debt's picture

God Himself Couldn't Sink The Titanic!!

Sun, 04/15/2012 - 18:20 | 2347240 LetThemEatRand
LetThemEatRand's picture

"This is far and away the strongest global economy I've seen in my business lifetime."  Hank Paulson, July 2007.

And if you think these and other outrageously wrong statements from Paulson and Geithner and fill in the blank are just error and not outright intentional lies, you really need to think about the red pill.   It's like the old saying "the devil's greatest trick was convincing the world he does not exist."  For these guys, the greatest trick is convincing most of the public that no one, least of all them, could see it coming.

Sun, 04/15/2012 - 18:28 | 2347270 SilverTree
SilverTree's picture

This was the highlght of my day! Thanks Tim!

Sun, 04/15/2012 - 18:36 | 2347283 ihedgemyhedges
ihedgemyhedges's picture

Apparently, Timmy took the blue pill..............

Sun, 04/15/2012 - 18:37 | 2347286 greased up deaf guy
greased up deaf guy's picture

what a tool.

Sun, 04/15/2012 - 18:42 | 2347295 Pladizow
Pladizow's picture

"The LAST duty of a central banker is to tell the public the truth." - Alan Binder, FED Vice Chairman, Nightly Biz Report 1994.

Sun, 04/15/2012 - 19:26 | 2347374 knukles
knukles's picture

Hey, hey, hey. 
Hold on here.
lighten up a bit.

No responsible stateman would stoop to put a dumbshit lightweight into a senior economic post in the largest most important economy in the world, a position demanding immense gravitas and intellectual comfort.
Won't happen.
No Risk of That

Relax. 
Timmah's only channelling MDB's sense of humor for your Sunday afternoon spiritual enjoyment. 

Sun, 04/15/2012 - 20:11 | 2347468 Almost Solvent
Almost Solvent's picture

Forget war to get this shit fixed (as per last 10,000 years of fucked up human history)

 

With the 21st century medical advances, ZOMBIES will be the next best thing. 

 

Not the "brain eating" type, but a much more docile, vegan type. 

 

The "living" won't even have to work anymore, ZOMBIES will do everything for the living, and not bite us back.

 

The poor of Africa will be on par with the richest of London - a ZOMBIE for your 40 acres. And a ZOMBIE mule too. 

Sun, 04/15/2012 - 22:12 | 2347633 The Big Ching-aso
The Big Ching-aso's picture

 

 

Aw c'mon.    This was a comedy skit right?    Was this on SNL?

Sun, 04/15/2012 - 23:22 | 2347722 Michael
Michael's picture

The USA is getting dangerously close to complete and total economic collapse, as is the rest of the world.

May I suggest we organize local community groups to meet once a week or so to discuss how we, in our local communities, will prepare for the inevitable economic collapse, and come up with viable solutions to get us through the ruff times ahead. The federal government will not address the problem, they only make the outcome worse.  We prepare for civil disasters, it would also be prudent to prepare ourselves for an economic disaster as well.

Mon, 04/16/2012 - 00:07 | 2347787 12ToothAssassin
12ToothAssassin's picture

No means yes and yes means no, now which is it??

Mon, 04/16/2012 - 01:10 | 2347862 wisefool
wisefool's picture

I hope you live outside the USA because this post is about a SEC-TRES that does not know how to pay taxes.

He can not claim that 80,000 pages is too complex.

Mon, 04/16/2012 - 07:47 | 2348098 tooktheredpill
tooktheredpill's picture

as much as we all love to give TG a spanking, I don't know who we are fooling with this cheap shot. Apples and oranges.

Mon, 04/16/2012 - 01:39 | 2347886 vast-dom
vast-dom's picture

you'd have the scariest community groups -- fucking racist asswipe you'd lynch every nigger and kike and spic while blaming them for all your problems. yeah community groups sure man........

Mon, 04/16/2012 - 01:59 | 2347901 akak
akak's picture

The dark, perverted and wildly pessimistic (not to mention historically inaccurate) social doommongering of the typical so-called "liberal" --- who, of course, knows better than those animalistic proles who are just waiting to kill each other [with their manifestly evil guns] without his wise and benevolent control --- never ceases to amuse, and disgust, me.

Mon, 04/16/2012 - 02:46 | 2347954 Michael
Michael's picture

Sheer poetry. Did you come up with that yourself?

Never the less, priceless.

What's wrong with organizing locally in your own community to prepare for the inevitable?

P.S.

The last thing I read from Vast-Dom, I gave him a thumbs up on.

Mon, 04/16/2012 - 03:30 | 2347972 akak
akak's picture

No, it was just an off-the-cuff comment, but thanks if you appreciated it anyway.

Indeed, I think organizing locally is eminently rational, and may just save one's life one day.  I have made some tentative moves in that regard with a few neighbors as well.

Mon, 04/16/2012 - 00:38 | 2347833 StychoKiller
StychoKiller's picture

Are you morlock, or eloi?

Mon, 04/16/2012 - 04:39 | 2348001 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Are you morlock, or eloi?

Wir sind Eloy!

http://www.youtube.com/watch?v=cx-9xv2LLqQ

 

Sun, 04/15/2012 - 20:50 | 2347530 ziggy59
ziggy59's picture

What can go wrong?

Sun, 04/15/2012 - 18:43 | 2347297 The Alarmist
The Alarmist's picture

OMG, we are sooooo screwed!

Sun, 04/15/2012 - 18:55 | 2347321 Caviar Emptor
Caviar Emptor's picture

Well what the hell do you htink a bankster's bitch is gonna say to the public?  

Bottom line, BIG Picture: we bailed out the banks starting from 2008 and as a result the US lost its AAA credit rating. 

That will be the judgement of history. 

Sun, 04/15/2012 - 19:28 | 2347383 knukles
knukles's picture

Yahoo!
Gold Star for the Man

Sun, 04/15/2012 - 19:50 | 2347423 akak
akak's picture

Anyone else ever notice how Obamao speaks with his chin forward, while Beevis, er, Jeethner speaks with his forehead? 

And is it just I who feels this way, or does EVERY aspect of Jeethner's body language not just shriek "I AM LYING!"?

Mon, 04/16/2012 - 15:35 | 2349443 DrunkenMonkey
DrunkenMonkey's picture

Loving that username & avatar.

Sun, 04/15/2012 - 19:50 | 2347428 LongSoupLine
LongSoupLine's picture

That stupid fuck can't even tie his own laces in the morning, do his taxes with a brainless program and wipe his own ass, let alone know anything regarding running a country's treasury.

Sun, 04/15/2012 - 22:46 | 2347669 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

That stupid fuck can't even tie his own laces in the morning,

...and I always thought he wore loafers because he liked the name.

do his taxes with a brainless program and wipe his own ass

No doubt about that. If he knew how to wipe his ass, dollars would be printed on absorbent, soft, two-ply paper instead of industrial strength single-ply linen.

 

Sun, 04/15/2012 - 20:40 | 2347516 Western
Western's picture

Tim's not totally uncharming. Though still a shill and a traitor.

Mon, 04/16/2012 - 00:18 | 2347804 azusgm
azusgm's picture

No, Tim's totally uncharming. Even seeing him on TV or in a video makes me feel wrong. My skin does not crawl as badly when I encounter a snake (the real kind at the farm).

Mon, 04/16/2012 - 00:23 | 2347814 Jena
Jena's picture

He's totally ruined Christmas elves for me.

Sun, 04/15/2012 - 20:44 | 2347520 Western
Western's picture

duplicate

Sun, 04/15/2012 - 22:35 | 2347655 A Nanny Moose
A Nanny Moose's picture

He's a fucking crack-head

Sun, 04/15/2012 - 19:03 | 2347330 vast-dom
vast-dom's picture

Paying fair progressive taxes = for fucking idiots exclusively!

Believing anyone in gov today = for fucking idiots exlusively!

Being outraged and not standing for this pathalogical lying = priceless!

 

Timmy, Obummer, Bernank, and all you deranged BPD whores et. al = GO FUCK YOURSELVES AND THEN GET OFF THE PLANET ASAP so that the rest of us may enjoy our precious productive lives.

 

PS "we were proud once because we believed our investing was shifting capital to usefel sectors and companies that used said capital to improve the world." today it's fuck you i want money whore dont give a fuck about companies or clients just want the Ferrari and status. Hey assholes let me fill you in on something: status without heart and ethics and values is just plain venal douchebaggery! 

Sun, 04/15/2012 - 20:48 | 2347528 theTribster
theTribster's picture

What he said - x2

Sun, 04/15/2012 - 18:18 | 2347242 TheGardener
TheGardener's picture

Gods themselves don`t want you to tell them their plans
nor have you name your endeavours by a competitor.

Sun, 04/15/2012 - 23:29 | 2347732 williambanzai7
williambanzai7's picture

LIAR GEITHNER

Sun, 04/15/2012 - 18:17 | 2347243 MeetTozter
MeetTozter's picture

Half a century ago, the Ford Foundation was told to go have sex with itself - and we got Timothy Geithner

 

Half a century ago, USAID was told to go have sex with everyone - and we got Barak Obama.

Sun, 04/15/2012 - 17:52 | 2347186 Banjo
Banjo's picture

Ruh Rho

Sun, 04/15/2012 - 17:52 | 2347188 cossack55
cossack55's picture

At least he is consistent.

Sun, 04/15/2012 - 18:15 | 2347237 tallen
tallen's picture

Consistent with his stream of total bullshit.

Sun, 04/15/2012 - 18:48 | 2347309 Pladizow
Pladizow's picture

Diarreha?

Sun, 04/15/2012 - 22:27 | 2347647 Zero Govt
Zero Govt's picture

yes verbal

Ive never heard anyone deliver so fast, ok lie so fast.. think it's called "channel stuffing"

...an ability taking the post of Treasury to new lows in the human sewer that is Govt

He'll retire, like Jean-Claude Trichet, leaving a complete and utter shambles behind

Sun, 04/15/2012 - 17:53 | 2347189 owensdrillin
owensdrillin's picture

And it is all the previous administration's fault.

Sun, 04/15/2012 - 17:54 | 2347190 Wakanda
Wakanda's picture

Timmah sounds like a shyster who's been trotted out to sell a shit pile to a dubious but ignorant flock of sheeples.

Oh wait...

Sun, 04/15/2012 - 22:33 | 2347651 Zero Govt
Zero Govt's picture

Yeah he was brilliant at the NY Fed as a regulator (cough) too

what a CV this public servants got, it's just one train wreck after another

Mon, 04/16/2012 - 12:45 | 2348886 AGuy
AGuy's picture

just like tooltime Tim from "Home Improvement", except US Debt instead of tools!

 

Sun, 04/15/2012 - 17:53 | 2347191 taniquetil
taniquetil's picture

"If people keep leaving the labor force like they've been doing, then the unemployment rate will be lower."

 

Fixed that for you, buddy.

Sun, 04/15/2012 - 17:54 | 2347194 tony bonn
tony bonn's picture

i am sure that there are no problems which a turbo tax upgrade couldn't solve...

Sun, 04/15/2012 - 17:54 | 2347196 Hulk
Hulk's picture

At last! An end date! April 2014. Let the countdown begin...

Sun, 04/15/2012 - 18:59 | 2347319 Atomizer
Atomizer's picture

The Future of Banking

 

New job markets to police identity fraud. Lost iphones using NFC (Near Field Communications) transactions will generate billions within the broken SYSTEM.

Sun, 04/15/2012 - 17:55 | 2347197 FleaMarketPete
FleaMarketPete's picture

"Welcome to the success story...."

Sun, 04/15/2012 - 17:55 | 2347199 Sudden Debt
Sudden Debt's picture

Pinky swear!

Sun, 04/15/2012 - 17:58 | 2347201 lolmao500
lolmao500's picture

Geithner April 2013 : Hanged on the White House front lawn because the US turned into Greece.

Sun, 04/15/2012 - 17:57 | 2347203 vegas
vegas's picture

When I am forced to look upon him, all I see is Joseph Goebbels.

 

http://vegasxau.blogspot.com

Sun, 04/15/2012 - 20:05 | 2347442 akak
akak's picture

I see Baghdad Bob:

http://en.wikipedia.org/wiki/Muhammad_Saeed_al-Sahhaf

http://www.welovetheiraqiinformationminister.com/

http://www.cfif.org/htdocs/freedomline/current/in_our_opinion/baghdad_bo...

 

With Media Pictures of U.S. Troops Being Shown Standing Under the Giant Crossed Swords in Saddam's Favorite Parade Grounds in Baghdad, While Giving a Press Briefing Around the Corner:
"There you can see, there is nothing going on."

After U.S. Missiles Destroyed His Office in the Information Ministry and He was Forced to Give Press Briefings on the Street:
"They will be burnt. We will roast their bellies.  We are going to tackle them."

Disputing His Own Assertions of No Coalition Troops in Baghdad:
"We blocked them inside the city. Their rear is blocked.... They pushed a few of their armored carriers and some tanks with their soldiers. We besieged them and I think we will finish them soon."

While American Soldiers Are Showering in Saddam's Bathroom Nearby Presidential Palace:
"We have killed most of the [coalition] infidels, and I think we will finish off the rest soon."

Sun, 04/15/2012 - 21:05 | 2347553 Vendetta
Vendetta's picture

precisely. 

Sun, 04/15/2012 - 18:01 | 2347210 lolmao500
lolmao500's picture

http://www.bloomberg.com/news/2012-04-13/jpmorgan-said-to-transform-trea...

JPMorgan Said to Transform Treasury to Prop Trading

JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon has transformed the bank’s chief investment office in the past five years, increasing the size and risk of its speculative bets, according to five former executives with direct knowledge of the changes.

And of course, who pays for this when it blows up??? Clients and taxpayers.

http://www.examiner.com/elections-2012-in-wilmington/ron-paul-wins-minne...
2012 Republican Presidential candidate Ron Paul achieved consequential delegate wins in Colorado and Minnesota today, affirming his delegate-attainment strategy and auguring a prominent role for Paul at the Republican National Convention in Tampa.

In Minnesota, Ron Paul supporters swept the three district conventions that occurred today, winning nine of nine delegates to the national convention. Minnesota is set to hold more such conventions next week.

In Colorado, supporters of the 12-term Congressman from Texas won 12 delegates and 13 alternate delegates. Paul’s state operation is confident that it can win over more of the Rick Santorum delegates to its side who were elected on a combined Paul-Santorum slate. The Paul-Santorum coalition’s combined delegate total is 20—more than establishment candidate Mitt Romney's estimated 16.

Sun, 04/15/2012 - 19:20 | 2347367 knightowl77
knightowl77's picture

From Colo...good news indeed....if he can do that a few more times, we might actually end up with someone we can support

Sun, 04/15/2012 - 21:06 | 2347555 Clay Hill
Clay Hill's picture

For anyone that doesn't accept a position as an inferior cog in the GOP machine, Dr. Paul has been worthy of support for quite a long time now.

Carry on.

Sun, 04/15/2012 - 18:03 | 2347211 jmcadg
jmcadg's picture

If you listen carefully now Timmah, you're arrogant patronising ponce Geithner.

Sun, 04/15/2012 - 18:02 | 2347213 TapperIsTicked
TapperIsTicked's picture

Debt Limit.

Listen, Listen, Listen.

Raise it, Raise it, Raise it.

No Risk, No Risk, No Risk.

F**k You, F**k You, F**k You.

Sun, 04/15/2012 - 18:03 | 2347215 zebra
zebra's picture

Will Tim Geithner made tax mistake again in 2011?

Tim: No risk of that. Since I don't need to pay any tax this year.

 

Sun, 04/15/2012 - 19:17 | 2347359 DeadFred
DeadFred's picture

Timmy is going to impliment the new and simpler tax system, the 1040XTRA EZ. With only two lines it's so simple even he could get it right.

1. How much did you earn?

2. Send it in.

Sun, 04/15/2012 - 19:51 | 2347436 TapperIsTicked
TapperIsTicked's picture

I'm sorry Fred but I believe you are mistaken.

1. How much did you earn.

2. That's not fair. Now we're both F**cked.

3. You worthless MoF**cker, send it in anyway.

Sun, 04/15/2012 - 18:16 | 2347218 CURWAR2012
CURWAR2012's picture

On the first video, he is flat out in denial saying that "history" will look favorably on their actions. Fucking bullshit. They ADDED to the greater future disaster so now sht they will look "better" then the next doofus in office. I think we need to leave Obama in office to take that one on the chin.

 

On the last video I swear he says the "damnocrates."

Sun, 04/15/2012 - 19:18 | 2347363 DeadFred
DeadFred's picture

Keeping Obama in office means keeping Holder in office.

Mon, 04/16/2012 - 00:46 | 2347841 StychoKiller
StychoKiller's picture

Definitely NOT a good thing...

Sun, 04/15/2012 - 18:07 | 2347222 Everybodys All ...
Everybodys All American's picture

The problem I've concluded with fellas like Geithner is that the media lets them and even in some cases with NBC encourages them to lie, cheat and steal their way onward. No one holds them accountable and says hey hold on a second you sir said this on the US AAA credit rating for instance not more than a couple months later you were proven wrong. You have no clue how mad this kind of stuff makes the average American let alone what this is doing to our future.

Geithner, Bernanke, etc. need to know that some day in the future the average American is going to wake up and demand answers for their bs.

Sun, 04/15/2012 - 18:20 | 2347249 Yardfarmer
Yardfarmer's picture

the "average American" will do no such thing. the "average American" has become a deeply apathetic, pharmacologically challenged, media manipulated and mind controlled zombie who has neither the capacity, opportunity, or basic intelligence to question anything but the fluctuating barometer of consumer self satisfaction. the "average American" doesn't even know who Geithner is.  

Tue, 04/17/2012 - 06:16 | 2347827 odatruf
odatruf's picture

Fuck's sake. I hate it, but you are spot on.

Fuck. We are so fucking fucked.

/ rant over. Disgust abides.

Sun, 04/15/2012 - 18:21 | 2347251 newengland
newengland's picture

The Trilateral Commission owns mainstream media. Fact. Lil Timmy is the tool.

Don't like ? Do something about it, like the traders who walked off the CME floor in protest at manipulation.

Sun, 04/15/2012 - 18:26 | 2347265 TheGardener
TheGardener's picture

But the very consumer is kind of a living lie ; cheating and stealing from himself. Why would he be any less corrupted and compromised if turned into a voter ?

Sun, 04/15/2012 - 18:08 | 2347223 bankonzhongguo
bankonzhongguo's picture

This ass clown flake, Greenspan, the Bernak and Rubin are the reason this country is going down the tubes.

When homeland security is marching through your town after Obama's next win, it's this wrecking crew that got us all there.

Thanks assholes.

Payback's a bitch.  Bitch.

 

 

Sun, 04/15/2012 - 20:06 | 2347453 IToldYouSo
IToldYouSo's picture

May I add Larry Summers to your esteemed list please?

The fat, sweaty, cheating cunt 

 

ooops, almost forgot.... being a Brit can i also add Gordon Brown please? ta :-)

Sun, 04/15/2012 - 21:30 | 2347581 Cathartes Aura
Cathartes Aura's picture

just for the record, lest we "forget" - Securing the Homeland began under the previous administration - I know you know this, but when one leave the details out of one's post(s), in an "election" year, it undermines the truth that there are no party-sides, just one party against the people - and all these new trollers here, they sound like they need to be re-minded, often.

Mon, 04/16/2012 - 05:56 | 2348029 IToldYouSo
IToldYouSo's picture

blimey, never would have thought Larry Summers or Brown would have been that controversial.... c'est la vie

And theres me thinking that summers would hoist his cock up the pole of which ever party was in power too!

Mon, 04/16/2012 - 06:18 | 2348035 nmewn
nmewn's picture

I believe the comment on Brown is in regards to his sale of half of Englands gold...either by incompetence or devious design, it makes no difference to the UK public. The damage was done.

Summers, I think, is just an incompetent boob. We are better off (for the moment) that he is away from power, back to plying his craft on young impressionable minds.

Sun, 04/15/2012 - 21:35 | 2347585 lynnybee
lynnybee's picture

did someone say Robert Rubin?   Plz add Bill Clinton to that !   criminals all.  

 

Sun, 04/15/2012 - 18:08 | 2347224 thatonekid13
thatonekid13's picture

Obama pays taxes? Isn't the notion that government pays taxes itself disingenuous? I mean, isn't taxing a government employee equivalent to just giving them a pay cut? 

Sun, 04/15/2012 - 21:28 | 2347579 mkhs
mkhs's picture

Fair is fair.  Everyone gets a pay cut when they pay taxes.

Sun, 04/15/2012 - 18:09 | 2347225 slewie the pi-rat
slewie the pi-rat's picture

totally timmah

the archetypal bobblehead

 

Sun, 04/15/2012 - 18:13 | 2347231 Hondo
Hondo's picture

We know this guy is a lair and more.........take your bets

Sun, 04/15/2012 - 18:14 | 2347232 bugs_
bugs_'s picture

i would say he should have resigned a long time ago but who would they have replaced him with?

Sun, 04/15/2012 - 18:17 | 2347236 Joebloinvestor
Joebloinvestor's picture

This guy has less credibility then the Palestinians, Greeks, north Koreans and Iran.

TOXIC.

Sun, 04/15/2012 - 18:16 | 2347241 Fantasy Planet
Fantasy Planet's picture

Just told my girlfriend same thing last night. 

Sun, 04/15/2012 - 18:18 | 2347245 newengland
newengland's picture

Geithner is a pretty boy pet of the globalist central bank cartel, the Trilateral Commission, the Rothschilds, the law abusers who employ ambitious dupes like him. He couldn't even sell his little house in Connecticut, but mithers others about the economy...built on housing collateral that is bust...bust like him. Prat. Dangerous tool of the freak globalist central bank cartel eejits.

Sun, 04/15/2012 - 18:20 | 2347250 monopoly
monopoly's picture

And he has not even been indicted yet for crimes against "humanity". America!!

Sun, 04/15/2012 - 18:33 | 2347277 newengland
newengland's picture

Tsk. You make a political point. Money is what keeps a roof over people's heads, money the majority earn with their blood, sweat and tears. Political pets feast during the famine. F* off, pretty pet of useless politics, and take your globalist central bank cartel and Nazi sympathiser George Soros with you.

Sun, 04/15/2012 - 18:24 | 2347260 AmazingLarry
AmazingLarry's picture

Y'all see'm squirm like a weasel before Trey Gowdy a few weeks ago? 

http://www.liveleak.com/view?i=b6a_1332357666

Timmah's got it all figured out. Can't do math, but has it all figured out. Cause he's thinking in Quadrillions, not Trillions no mo. 

 

Sun, 04/15/2012 - 18:26 | 2347263 Catflappo
Catflappo's picture

"Any chance you mightbe confused with someone who actually knows something about something Tim?"

"No risk of that"

Sun, 04/15/2012 - 18:28 | 2347268 Belarusian Bull
Belarusian Bull's picture

Reminds me of former head of Belarusian National Bank, answering the question about future devaluation of national currency in the exact same way - “No risk of that.”

Guess what? 2 months later, BOOM headshot... erm, i mean, devaluation. Huge one.

Sun, 04/15/2012 - 18:29 | 2347271 Freegolder
Freegolder's picture

Of course there is ZERO risk of America ending up like Greece. It will never happen.

The United States of America instead will follow the alternative, seemingly easier route, by trashing its currency, refusing to reign in its spending, and succumbing to the eventual end of its preposterous privilege.

Yes, it'll never be Greece, but it looks like it can be Zimbabwe (x 1000).

Good luck American citizens.

 

 

Sun, 04/15/2012 - 18:36 | 2347282 newengland
newengland's picture

Interesting that the Zionists like Jon Corzine and Nazi sympathiser like George Soros are the men most trusted by Obama. and the rest of the Washington two-faced clique.

Sun, 04/15/2012 - 19:53 | 2347438 mind_imminst
mind_imminst's picture

Exactly Freegolder! The FED will print to infinity before the U.S. is ever forced into a default similar to Greece.

Sun, 04/15/2012 - 18:28 | 2347272 jack stephan
jack stephan's picture

Mr. Burns: Smithers, you could learn a thing or two from this braying moron.

Sun, 04/15/2012 - 18:41 | 2347285 navy62802
navy62802's picture

I give you ... Timmy the Overlord.

Sun, 04/15/2012 - 19:06 | 2347334 Problem Is
Problem Is's picture

I give you...

Cheese Dick Wanker Timmay...

Sun, 04/15/2012 - 18:37 | 2347288 Atomizer
Atomizer's picture

Watching this clusterfuck reminds me of watching a TV commerical. You either change the channel or dash off to buy Keebler® cookies or Turbo Tax®software.

Sun, 04/15/2012 - 18:38 | 2347291 djsmps
djsmps's picture

You must always add (furrowed brow).

 

As in-"No risk of that" (furrowed brow). or--"The economy is in a much better position to deal with those pressures ... because natural gas prices are down, the overall cost of energy for consumers is down," (furrowed brow).

Sun, 04/15/2012 - 19:03 | 2347333 Problem Is
Problem Is's picture

"(furrowed brow)"

That just means Wanker Timmay is constipated today... Fiber Timmay... Eat some fiat... It's 100% cotton rag...

Sun, 04/15/2012 - 18:39 | 2347292 Pure Evil
Pure Evil's picture

I thought the dollar-drachma exchange rate was already 1:1.

Toliet paper in, stinky brown toliet paper out.

What better 1:1 ratio could there be?

Sun, 04/15/2012 - 18:40 | 2347293 UGrev
UGrev's picture

Dibs on kicking the support from under his feet..

Sun, 04/15/2012 - 20:10 | 2347465 IToldYouSo
IToldYouSo's picture

i'll fight you for the right

Mon, 04/16/2012 - 00:26 | 2347818 UGrev
UGrev's picture

hmm.. I suppose I should share..  how about on the count of three.. :)

Mon, 04/16/2012 - 05:52 | 2348024 IToldYouSo
IToldYouSo's picture

cheers UG, community spirit is alive

Sun, 04/15/2012 - 18:44 | 2347300 The Alarmist
The Alarmist's picture

So when does South Park do the send-up on this?

Sun, 04/15/2012 - 20:08 | 2347462 akak
akak's picture

In this case, fiction could not be more surreal than reality.

Sun, 04/15/2012 - 18:46 | 2347306 newengland
newengland's picture

All this whining about impotent Timmy.

Man up. Walk off the floor like the CME traders did in protest against bare-faced illegal manipulation. See jsmineset for more of the story as it is clearly embarrassing for the political internet and media to report it.

Sun, 04/15/2012 - 18:46 | 2347307 q99x2
q99x2's picture

    I was worried but from CNBC:

Sun, 04/15/2012 - 18:54 | 2347316 newengland
newengland's picture

q,

You aren't worried. You just hope someone else's job, money and blood will pay for your whining.

You pretty pets of mainstream politics aid Timmy and the status quo. You want change, only if someone else pays for it.

Sun, 04/15/2012 - 19:18 | 2347360 UGrev
UGrev's picture

Uh.. yeah.. We want the people who are responsible for fucking us in the ass to pay up.. blood is accepted. Sorry, no visa, mastercard, amex.. blah blah..

Sun, 04/15/2012 - 18:47 | 2347308 nmewn
nmewn's picture

Timmy, making his final rounds as court jester.

Sun, 04/15/2012 - 18:51 | 2347312 newengland
newengland's picture

All aided by the cowardly political manipulators on the internet and mainstream media.

You don't like Timmy? Man up. If you are a trader, walk off the floor like the CME traders did in protest at bare-faced lying manipulation.

If you are a whiner, shut the fuck up, and snuggle up to your political abuser, pet.

Sun, 04/15/2012 - 19:03 | 2347329 nmewn
nmewn's picture

I also detest most other people from the NE...just so we're clear.

Sun, 04/15/2012 - 19:09 | 2347338 xela2200
xela2200's picture

New Yorker drive like aholes when they make it down to Florida.

Sun, 04/15/2012 - 19:15 | 2347352 newengland
newengland's picture

New immigrant talk s$it, run away from homeland long time, and want money big time from ignorant Amerikan.

Sun, 04/15/2012 - 19:33 | 2347393 nmewn
nmewn's picture

lol...New Yorkers drive like assholes everywhere!

Sun, 04/15/2012 - 19:11 | 2347341 newengland
newengland's picture

I don't dislike your region. I dislike your personal cowardice: all mouth and trousers, no blood on the line or cash to defend your neighbour.  Just so we are clear.

Sun, 04/15/2012 - 19:23 | 2347372 nmewn
nmewn's picture

You don't know jack shit about me pilgrim, what I do now or have done.

And here, we drop the U from neighbor so as not to extend the pinky too far...just so we're clear.

Sun, 04/15/2012 - 19:27 | 2347382 newengland
newengland's picture

nmewn,

I know you talk a lot, and do little. Your comments on ZH show it, pet of politics. 

Sun, 04/15/2012 - 20:07 | 2347387 nmewn
nmewn's picture

Where you from home boy?

//////////////////////////////

Shane?...come back Shane...ROTFL!!!

/////////////////////////////

Drunken limey must have fell off his bar stool and did a face plant...lol...ahhh well, carry on ole bean!

Sun, 04/15/2012 - 22:52 | 2347644 The Big Ching-aso
The Big Ching-aso's picture

 

 

I kinda know where nmewn's coming from regarding the NE thang.    Here in Kalifornia, (used to be California before commie libtardo shitheads from NYC and the like infiltrated our once glorious Golden State with their phucked up social policies - much less our shit doesn't stink attitude), there's an acronym I continuously use these days to describe most of them when they show up on her shores to escape that 'nasty weather' and such.    

ECAHS.    East Coast Ass Holes.     Pretty funny when I turn to a particularly obnoxious example and innocuously ask them....."How do you ECAHS like it here so far?"

Then comes The Dumbfounded WTF does that mean look.   Priceless.

 

Sun, 04/15/2012 - 23:04 | 2347692 nmewn
nmewn's picture

That was my point exactly...the obnoxious, loud, arrogant assholes who have come to bear "our faces" abroad. And so well brought to the forefront by our newest fraud from across the pond I might add. Posing as something else entirely.

Our new friend...newengland ;-)

Sun, 04/15/2012 - 18:53 | 2347315 trampstamp
trampstamp's picture

Oh shit... we are screwed!!!

Sun, 04/15/2012 - 18:53 | 2347317 The Alarmist
The Alarmist's picture

Any fool can run the UST ... all you need is Turbo-Treasury Pro 2.0

Sun, 04/15/2012 - 19:01 | 2347328 Problem Is
Problem Is's picture

+1... Good one...

It's Wanker TImmay approved...

Sun, 04/15/2012 - 19:19 | 2347362 UGrev
UGrev's picture

Apple has a new version out and it only has one button in the UI..

Sun, 04/15/2012 - 18:54 | 2347318 l1b3rty
l1b3rty's picture

Oh yeah, no risk of that! It will just be quite similar.

silvervigilante.com

Sun, 04/15/2012 - 19:00 | 2347323 newengland
newengland's picture

;-) That's right. Do 'em, as we say in old England and New England. No surrender.

Sun, 04/15/2012 - 18:56 | 2347322 Tsar Pointless
Tsar Pointless's picture

Bah! I live in Pittsburgh. Should I not be more concerned that the Penguins are down 3-0 in their Stanley Cup playoff series with the Philadelphia Flyers?

Sun, 04/15/2012 - 19:48 | 2347421 Fred Hayek
Fred Hayek's picture

Well, that and the fact that Crosby whines endlessly to the refs if anyone comes near him yet feels free to dole out a cheap shot whenever he feels like it. Karma's a bitch. Oh, and the team owner's another whiny bitch.

Sun, 04/15/2012 - 18:58 | 2347324 Problem Is
Problem Is's picture

Wanker Timmay...

What terms come to mind...

Useful Idiot...

     Useless Cheese Dick...

        Incompetent Moron....

             Always Failing Upward...

Sun, 04/15/2012 - 19:00 | 2347326 Caviar Emptor
Caviar Emptor's picture

The US will never become Greece....they've got a sunny country with a simple life that they wil shortly return to now that banks are gonna move out. All the "investments" will go bust and they'll be left with what they always had: grapes for wine, olives, cheese, a sunny climate and plenty of time to enjoy it

 

Sun, 04/15/2012 - 19:08 | 2347336 newengland
newengland's picture

Caviar, wise. But there's a long way twixt the gate and the wide open farmland. Stay with us, for better or worse. 

This is our land, our people, our way. Long may we defend each other.

Sun, 04/15/2012 - 19:17 | 2347358 Earl of Chiswick
Earl of Chiswick's picture

grapes for wine, olives, cheese,

 

you left out sheep, they have lots of sheep (the wooly kind)

Sun, 04/15/2012 - 22:18 | 2347638 Freebird
Freebird's picture

Yup & some of those sheep are real pretty, if you know what I mean

Sun, 04/15/2012 - 19:01 | 2347327 SilverDoctors
SilverDoctors's picture

Ive always said the US is Greece times 100Geither just confirmed that.
Meanwhile the banksters are doing everything possible to prevent the public from protecting themselves with gold and silver: the Reserve Bank of South Africa has admitted that it produced underweight Krugerrands in 2011.

http://www.silverdoctors.com/s-a-reserve-bank-admits-underweight-krugerrands-were-produced-in-2011/

First reports of Tungsten salted gold, and now underweight Krugerrands!?!

Sun, 04/15/2012 - 19:08 | 2347335 xela2200
xela2200's picture

He also stated that the Economy can handle higher oil prices. Again, I am the only that feels like all of these is ground work for what is coming. Even Liesman is singing a different tune lately.

 

http://www.cnbc.com/id/47054287

Sun, 04/15/2012 - 19:09 | 2347337 solgundy
solgundy's picture

will Tiny Tim the Tax Cheat...TTTTC...take the Japanese honor route when he is proved wrong???????

Sun, 04/15/2012 - 19:14 | 2347351 Earl of Chiswick
Earl of Chiswick's picture

Tim is teeing up for his post treas sec job

 

Goldman or Pimpco

Morgan or Morgan

World Bankster?

 

Sun, 04/15/2012 - 19:17 | 2347357 newengland
newengland's picture

Bingo! We have a winner comment ;-)

Sun, 04/15/2012 - 19:35 | 2347388 Element
Element's picture

He looks soooo sincere! ... I wonder if he gets professional coaching?

 

What's that saying; "If you can fake sincerity you've got it made."

 

Nothing but the best from da tribe!

Sun, 04/15/2012 - 19:33 | 2347392 Village Idiot
Village Idiot's picture

This guy is clearly midly retarded, right?  No disrespect to our village idiots...

Sun, 04/15/2012 - 19:51 | 2347430 GMadScientist
GMadScientist's picture

TIMMY IS 100% CORRECT!

...we won't last two years.

Sun, 04/15/2012 - 19:54 | 2347443 Missiondweller
Missiondweller's picture

To anyone who grew up in the 80's, Geithner sounds a lot like this guy (from the Princess Bride):

 

http://www.youtube.com/watch?v=D58LpHBnvsI

Sun, 04/15/2012 - 20:03 | 2347452 jeff314
Sun, 04/15/2012 - 20:20 | 2347456 TWSceptic
TWSceptic's picture

Isn't that a lie about Obama not being responsible for the bulk of the new debt since he took office?

 

This guy seems to live in a different world...

Sun, 04/15/2012 - 20:25 | 2347490 nmewn
nmewn's picture

One of his first...a classic that I laughed at until I cried while viewing it...a deep fiscal hole and our (governments) obligation to "clean it up"...well, yeah...they caused it but the remedy is always the same.

A very powerful "Recovery Act" (save the bureacracy at all costs!!!)..."lay out a budget that makes some very powerful investments" (lol, meaning unicorns & popcorn farts)..."improving education" (do I really need to comment?)...and of course, alluding to the Solyndra to come.

Crony capitalism and printing...for the Borg collectives viewing pleasure...

http://www.charlierose.com/view/interview/10137

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