http://online.wsj.com/article/SB10001424052748703427704575051192374232722.html?mod=googlenews_wsj
Geithner: U.S. Won't Lose Triple-A Bond Rating
Is it time to laugh Geithner off the stage. Again!
A few months ago when Geithner spoke in China, and he assured them that none of new fiscal policies being put in place in the United States would effect China, he was laughed off the stage.
Geithner who played stupid (or was that ignorant) of the AIG bailout by the Fed when Geithner was chairman is now trying to pretend he knows something about the economy (other than to cheat on his income tax return).
He is claiming that printing a few trillion extra dollars will have no effect on the economy and won't have any effect on the bond market.
Maybe I can explain to you what Moody's Investor Services is thinking, and what Geithner isn't thinking. In simple terms.
Let us assume there is an economy that is limited to 10 oranges and $10 in currency. Let us also assume that oranges sell for $1 each. What happens to the economy when an additional $10 of currency is created. You now have an economy with 10 oranges, and $20 in currency. So what used to cost $1 now costs $2. In this economy if you had loaned out $1 to a friend, and then the new currency was printed, you were repaid $1. However, it now cost $2 to buy an orange. You have lost value. You can no longer afford to buy an orange.
This is what the United States government is doing when it is printing and spending trillions of dollars that it doesn't have.
Wasn't life grand when you could believe any old lie the government chose to deliver to the public?
Showing posts with label geithner. Show all posts
Showing posts with label geithner. Show all posts
Sunday, February 7, 2010
Thursday, January 28, 2010
Tim Geithner Helps Obama Create Bipartisan Coalition.
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/27/AR2010012704755.html
Tim Geithner, congressional punching bag
Poor Tim Geithner.
Tim Geithner was the head of the New York Federal Reserve Bank when they were working on giving sweetheart top secret bailout deals to AIG and others. Tim Geithner claimed "I see nothing, I hear nothing, I know nothing!" Some people are having difficulty believing Tim Geithner knew nothing about the deal. The email Tim Geithner sent months after claiming he knew nothing don't help his case. Some people even think that Tim Geithner should be removed from office for either his criminal activity if he know about it, or his incompetence if he didn't know.
On the bright side.
Tim Geithner has accomplished something that Barack Hussein Obama has been unable to do. Tim Geithner has managed to create bipartisan support for one commission. Unfortunately for Tim Geithner, the support is in opposition to his remaining in office.
Tim Geithner, congressional punching bag
Poor Tim Geithner.
Tim Geithner was the head of the New York Federal Reserve Bank when they were working on giving sweetheart top secret bailout deals to AIG and others. Tim Geithner claimed "I see nothing, I hear nothing, I know nothing!" Some people are having difficulty believing Tim Geithner knew nothing about the deal. The email Tim Geithner sent months after claiming he knew nothing don't help his case. Some people even think that Tim Geithner should be removed from office for either his criminal activity if he know about it, or his incompetence if he didn't know.
On the bright side.
Tim Geithner has accomplished something that Barack Hussein Obama has been unable to do. Tim Geithner has managed to create bipartisan support for one commission. Unfortunately for Tim Geithner, the support is in opposition to his remaining in office.
Tuesday, January 26, 2010
Privacy Is Transparency. The S.E.C. Protects The Citizens By Hiding Information From Them.
http://www.reuters.com/article/idUSTRE60N1S220100124
SEC mulled national security status for AIG details
Hmmm.
The New York Federal Reserve Bank asked the Securities And Exchange Commission to treat the discussion of the bailout of A.I.G. as if it were a matter of national security. Evidently, in the name of open and transparent government, the S.E.C. agreed with the Fed Reserve that the bailout of A.I.G. should be hidden away from the public and everyone else except the conspirators involved with the bailout.
The current U.S. Treasury Secretary Timothy Geithner, who was the head of the Fed Reserve at the time of the bailout was quoted as saying "I see nothing, I hear nothing, I know nothing!". Now doesn't that sound like the kind of man we want heading up a government bureaucracy? Don't forget U.S. Treasury Secretary Timothy Geithner's inability to fill out his own income tax return correctly.
Aren't you glad that these are the people and organizations looking out for the citizens of the United States in these troubling times?
SEC mulled national security status for AIG details
U.S. securities regulators originally treated the New York Federal Reserve's bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security, according to emails obtained by Reuters.
Hmmm.
The New York Federal Reserve Bank asked the Securities And Exchange Commission to treat the discussion of the bailout of A.I.G. as if it were a matter of national security. Evidently, in the name of open and transparent government, the S.E.C. agreed with the Fed Reserve that the bailout of A.I.G. should be hidden away from the public and everyone else except the conspirators involved with the bailout.
The current U.S. Treasury Secretary Timothy Geithner, who was the head of the Fed Reserve at the time of the bailout was quoted as saying "I see nothing, I hear nothing, I know nothing!". Now doesn't that sound like the kind of man we want heading up a government bureaucracy? Don't forget U.S. Treasury Secretary Timothy Geithner's inability to fill out his own income tax return correctly.
Aren't you glad that these are the people and organizations looking out for the citizens of the United States in these troubling times?
Saturday, January 9, 2010
N.Y.Federal Reserve Bank. Cover-Ups Are Regular And Necessary Part Of Reporting To The Securities and Exchange Commission.
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/08/AR2010010803656.html
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/08/AR2010010803656.htmlHouse panel wants Geithner to testify about New York Fed and AIG
The chairman of the House Whitewash Committee wants to question Treasury Secretary Timothy F. Geithner.
Timothy F. Geithner who's cheating on his taxes was qualification enough for his appointment by Barack Hussein Obama to the job Secretary of Treasury is now being questioned on his other shady dealings.
What started this government circus is finding out that New York Federal Reserve Bank had asked AIG to refrain from disclosing financial details (cover-up) to the Securities and Exchange Commission. Legal counsel for the New York Federal Reserve Bank claims that cover-ups are a necessary and regular part of what the New York Federal Reserve Bank does. In fact, the New York Federal Reserve Bank say a cover-up does NOT mislead the Securities and Exchange Commission. White House spokesman Robert Gibbs claimed that cover-ups are such a routine part of what the New York Federal Reserve Bank does that nobody in that organization even bothers to ask their superiors for permission to suggest that a cover-up is necessary.
For some unknown reason the House Whitewash Committee thinks that since the bailout used taxpayer money, the taxpayers ought to know about it. The government has never cared in the past about wasting taxpayer money so I wonder if this could be a ploy to distract from something else the government has done recently, or is planning on doing in the near future?
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/08/AR2010010803656.htmlHouse panel wants Geithner to testify about New York Fed and AIG
The chairman of the House Whitewash Committee wants to question Treasury Secretary Timothy F. Geithner.
Timothy F. Geithner who's cheating on his taxes was qualification enough for his appointment by Barack Hussein Obama to the job Secretary of Treasury is now being questioned on his other shady dealings.
What started this government circus is finding out that New York Federal Reserve Bank had asked AIG to refrain from disclosing financial details (cover-up) to the Securities and Exchange Commission. Legal counsel for the New York Federal Reserve Bank claims that cover-ups are a necessary and regular part of what the New York Federal Reserve Bank does. In fact, the New York Federal Reserve Bank say a cover-up does NOT mislead the Securities and Exchange Commission. White House spokesman Robert Gibbs claimed that cover-ups are such a routine part of what the New York Federal Reserve Bank does that nobody in that organization even bothers to ask their superiors for permission to suggest that a cover-up is necessary.
For some unknown reason the House Whitewash Committee thinks that since the bailout used taxpayer money, the taxpayers ought to know about it. The government has never cared in the past about wasting taxpayer money so I wonder if this could be a ploy to distract from something else the government has done recently, or is planning on doing in the near future?
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