https://www.youtube.com/watch?v=oh0vulTa-IM
But, what he failed to realize is that the US Treasury is just Benankes bitch. And, nobody gives a Jack Lew Shit about what the US Treasury has to say.
Take a page out Little Timmah's book of rules, keep your mouth shut and fetch your masters slippers when Bernank gives the command.
They look starving Americans in the face and throw the food in the trash.
Homo sapiens which means 'wise man' in Latin.
All the equity HFTs run stops the same way. They can bid a $100 stock down to $.01 and back up in under a second, and buy everything that gets stopped out, then sell it all after running the bid back up to the ask. The stock never needs to trade at where your stop is set, all that has to happen to stop you out is for the fucking bid to drop down to your stop.
His commenst shows that he is internationally clueless and has no relationship with the foreign banks / power cliques. They will respond in kind. Passive aggressively,and let the markets show their response. UST's will be sold, sure the Fed can try to mop them up, but hedge funds worldwide will jump on the shorts as well.
Waters fine Vanilla come on in. It will be like stripping the dead after the battle of hastings soon enough.
I went to a graduate seminar there once and the presenter had to apologize for writing a differential equation. Timmah spoke at the AEI a few years ago.
I could have gone but I knew that my temper would have landed me in Secret Service custody - or in a dumpster with buckwheats.
Meanwhile, the fundamentals are ignored: Japan -- like all the other countries in the world -- has no independent monetary policy. This is because the cost of money is set at gasoline stations around the world by millions of motorists every single day. If gas prices are too high, drivers buy less and economies decline: think of the old-fashioned 'gold standard' except there is only one way to 'go off' petroleum ... get rid of the goddamned cars.
The blowup in Japan is part of the de-carring process which is underway right now. Get over it Krasting and kiss that fucking junker Ferrari goodbye.
Because Japan is nothing more or less than a car factory with radioactive beaches it cannot gain anything by depreciating its currency. Its export prices are determined entirely by what it pays for imports ... including fuel! The only effect of current so-called monetary 'policy'is steal funds from workers and shift them to (Japanese) plutocrats. Everything else remains the same. The only question is how soon the Bank of Japan will fail and what form the failure will take.
Lew is probably going to be right and have nothing to do with the outcome and not even know why anyway.
Like I said you bring up public transporation in Indonesia you are found with a bullet in your skull in the canal and the liberals here say get rid of the cars
and we will stack you likes rats as we did before. Where is my $250,000 thousand eletric dollar car we tax payers already funded by you liberal thiefs and dullards who think for you. The first step of the educated idiot is public school.