ok rags so is going so let's compare this to the central bankers mark carney hit mark carney who mark carney hints at need for radical action to boost ailing economy ways mark carney the incoming governor of the bank of england has suggested abandoning inflation targeting to rescue alien economies and his speech there rewrote the central banking rule book again so he's just like this woman he said well i saw that there and i decided to drink it he's like well i came up with this crazy idea and i decided to tell people about it i know mark turning to many parts of the brain damaged me go to the bank of england he wants to get rid of the whole idea what little modicum of responsibility the bank of england has been bracing himself for gracefully not disciplining him at all and that's why i told him so over moving up again because this guy is a money printing fanatic well he said to achieve a better path for the economy over time a central bank may need to commit credibly to maintaining highly accommodative policy even after the economy a potentially inflation picks up if you have further

here in this country and that number keeps going higher the new chairman of the bank of england mark carney he looks as though he'll be getting into stealing more money from grant. by imposing more quantitative easing but this is the problem when you have these artificially low interest rates and the problem when you don't really have the goal that you say you have it forces you into a situation where you have to justify policies that cause hardship in the population so you become very much like the very people you say you're fighting the terrorists so there's no difference now between any of the terrorists whether it's extremists anywhere in the world or cameron mark carney mervyn king jaja born they're all the same well let's move on to this we have this hoax and prank economy created by this fake debt based currencies so let's move on to our world we live in due to this someone invented a four hundred million dollars google deal and may have made money from it for a couple of hours google's i co-op purchased seemed real now the acquired company is saying it was a hoax that originated fro

know it's all fraud well it's a rear guard action ok the central banks learning king in this new mark carney the guy who got hit man with so many hockey pucks like every goalie i've played hockey for many years goalies usually i'm a little brain damage that's what they're famous for mark carney incoming banking chairman he looks like you suffer from a little brain damage to too many hockey pucks to the head that's a normal goalie thing they don't understand that they're causing deflation with their rampant low interest rate policy and only making the situation worse so in order to recover investors' trusts they say lenders need to set aside capital for expected losses and for potential compensation in fines over customer misselling and libel or rigging again it's all become fraud this is there is no alternative to this fraud and they just keep on saying no matter if it's in the us where they're you know printing money and having stimulus packages they claim are here that austerity is just go into the event horizon go into the black hole just keep on heading for it maybe we'll hit some sort o

market reading scandal suddenly he's gone and they parachute in the central banker from canada mark carneysomehow he's got to make that go away that the fact of the bank of england was involved in a massive fraud so they're able to move the pieces of the global banking cartel in an extraordinary way. as a taste of what's coming your way in a couple of minutes tensions in iran greece's thousands of voice. but the shia led government calling for the country's prime minister to. russia lucian last muffin you know. to take care of myself better last month and my friends are great. people in the big apple what changes there could be in the year ahead after a short break. what do you see when you look at the scroll perhaps you would print future she'll have or maybe you feel sympathy for her because you see she's in a wheelchair but if you're t.s.a. agent then you see hard core terrorist scum finding a small amount of residue from explosives on the girl's hands she was detained for almost an hour and her tears for mercy did not move. ector's to allow her mother to be with her as they took her aw

chart on that and he reckons it's twenty eight until we get to six point five percent unemployment mark carney who's coming into here at the bank of england he says that he's going to start targeting nominal g.d.p. right barry ritholtz as an artist with the charts i should say but yes of course the problem with the global system is that they have the wrong model it's not that the banks stole billions it's not that they mourn or billions and committed massive fraud no doubt the model was wrong we were targeting the wrong thing so we're going to change the model and we're going to double down on fraud double down yeah i like that and now money week says that central banking my.

on that and he reckons it's twenty eighteen until we get to six point five percent unemployment mark carney who's coming into here at the bank of england he says that he's going to start targeting nominal g.d.p. right barry ritholtz as an artist with the charts. but yes of course the problem with the global system is that they have the wrong model it's not that the banks stole billions it's not that they monitored billions and committed massive fraud no doubt the model was wrong we were targeting the wrong thing so we're going to change the my. model and we're going to double down on fraud double down yeah like that and now money week says that central banking might just work if it was genuinely independent if you had central bankers who are willing to do the whole counter cyclical thing we might have a more stable economy in other words the central banks were willing to raise interest rates to temper boo's rather than just slash them to it levy bust then they might do some good river their propaganda is that they can't predict they can't see booms they can't see bubbles they can only wipe

banks yet want to put to much of a drug cartel leader as the new head of the bank of england forget mark carney that hockey puck to the head braindamaged idiot put a mexican drug cartel leader in charge of bank of england because the economy runs on tokay this one runs you google economy the un has talked about it they mentioned it the bankers know about it on this morning calendar snorting cocaine all day after strange things because they don't want to make it too obvious or stone not cracked in the bath salts and as a result yes some of these function monkeys out there reporting to the regulators when they themselves are just enough fornicating little simians. says. speaking of fornicating little syrians there's a tweet from robert peston to read the b.b.c. as h.s.b.c. pays one point two billion pounds fines and forfeits for money laundering offenses who do you think pays the bill for banks since max who pays the bill well it's paid through austerity measures don't stare any that people are suffering the people who are committing suicide and based. they did suffer h.s.b.c.'s cocaine money lau

market reading scandal suddenly he's gone and they parachute in the central banker from canada mark carney to somehow he's going to make that go away that the fact of the bank of england was involved in a massive fraud so they're able to move the pieces and the global banking cartel in an extraordinary way again no competition wall rise that will challenge the entrenched old gaap list of positions of these banks i mean its course still what they can but the benefits will end up it'll be a step. in one way or another well i agree to disagree on there because i really believe no empire on earth in the history of humankind has ever been able to thwart everybody they've never been able to stop the competition from emerging ultimately they might last for one hundred years rome did it for hundreds of years they kept anybody from challenging them for hundreds of years america maybe fifty sixty years so far but i think with this this disinter mediation now available from the internet but least and i don't think it can stop africa is no stranger to exploitation and colonisation they've been ignored

they're going to get rid of mervyn king is retiring they're bringing in a central bank from canada mark carney and he is tasked with trying to clean up this mess but what do you think about this idea that the entire country of britain was unable to find a single banker untainted by scandal. it's certainly not it's not complimentary to the british banking system that's for sure but you can understand the decision i mean this look look at all the major banks in england they have been you know invariable to one degree or another and although a lot of these scandals you know there are r.b.s. and barclays and. you know this library scandal which is this mushrooming and nobody knows exactly where it's going to lead and incidentally it's connected with the central with with that with the bank of england so you know promoting from within is probably not an option because there's there's a lot of corruption there that's yet to be uncovered i would imagine right connected to this library mess so yeah i mean this is this is sort of it eliot ness situation where you have to bring somebody from outside chi

not compared to some other central banks but certainly compared to if you look at mark carney who's now moving to the bank of england where you know the media environment around the central bank is is fairly it's not adversarial certainly in gauged and so it's you know as we move towards these less and less formal environments it's going to be incumbent on the fed to really fight against that legacy culture and get out there and get the message across clearly and just one more because i do want to be able to pick your brain for just one more minute is there an ivory tower type of culture at the fed where there is really kind of one sort of thought not a lot of dissension or differing views i mean we hear about the richard fisher they seem to be few and far between is not that culture at the fed you've worked on anything yeah i think there is a little bit of that i certainly think you know whenever you've got. hundreds of ph d. economists there will be a natural tendency to behave in an academic manner that's not a it's not a criticism but what it does end up doing i think is is. leading