Economist Stiglitz: Federal Reserve failures ‘almost unforgivable’

Luke Rudkowski
WeAreChange.org
October 5, 2011

Prominent economist Joseph Stiglitz says that the Federal Reserve failed as a regulator in seeing the economic crisis coming, yet claims ignorance on the influence of groups like Bilderberg.

Joseph Eugene Stiglitz, ForMemRS, FBA, (born February 9, 1943) is an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is also the former Senior Vice President and Chief Economist of the World Bank. He is known for his critical view of the management of globalization, free-market economists (whom he calls “free market fundamentalists”) and some international institutions like the International Monetary Fund and the World Bank. Read more at http://en.wikipedia.org/wiki/Joseph_Stiglitz






 
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9 Responses to “Economist Stiglitz: Federal Reserve failures ‘almost unforgivable’”

  1. Stiglitz is a sucker to the system by merely admitting that the FED “mainly” failed in their “role” as financial system oversight. What other role is there? Print money? If they failed in that role they failed full stop in everything. Then he states that the Fed had said they had no instruments to determine wether there was a bubble in the financial system. Stiglitz says they were wrong in that asessment. Bullshit, they were not jsut wrong they KNEW there was a bubble, they CREATED thatbubble and they deliberately LIED about the bubble. And those SOBs should be serving a life prison term for what they did. They destroyed the livelyhood of millions of Americans and people around the world making everyone foot the bill of their wicked agenda of greed and embezzlement.
    Stiglitz is a weak wishy washy marshmallow. He doesn’t get it that the system is structurally and deliberatly designed to enslave the masses and destroy theri living. The FED and the banksters are enemies of humanity and evil and rotten to the core! There is only one solution the complete abolishment of the present system and the inception of a new, fair system of exchange based on the tangible creation of real world wealth and not on leveraged ripoff by fleecing the honest hard working population. End the Fed, end the investment banks, put the banksters and NWO thugs in prison and default on the sovereing debt. Then start again with a fair system of 0 leverage and NO refractionary banking creating money out of thin air.

  2. I didn’t know Steven Spielberg was an economist?

  3. As a REGULATOR??????? That is like saying “The pimp failed as a merriage councillor.” If this man is so smart why does he have the notion that the federal reserve should even be in existance? How can he know all of this wonderful knowlage and NOT call to abolish the federal reserve outright because it is rotten to the core. Joseph Stiglitz sounds a little too evil for me. And when I say me I mean Shaun Almeida.

    Bring your troops home, they can’t protect you from the other side of the world.

  4. We should call them the federal thieves, they have not only made modern day slavery but have made sure the people of the world work for them and in debt to them. So we have to realize the game is rigged.Paper money has no value, gold and silver is the future currency its not long before all currencies would be taking a nose dive to the bottom. Greece is a great example of how the IMF is bullying that country to surrender and work as slaves to pay for there endless profits.

  5. The Federal Reserve is bankrupting the nation… paper money will become worthless… you have to prepare yourself and your family for the financial crisis ahead.

    (click on my profile name to go to my blog to see full video)

  6. The WAR MUST GO ON!

  7. He speaks some truth but almost unforgivable? Hasn’t heard of “That group” ? guess he felt he was getting too close to the snake “Bilderberg” and took a step back and went silent. Good job luke.

  8. ATTENTION – INFOWARRIORS

    It is not that printing money is bad.

    Printing money in to a monopoly market with out jobs is bad.

    By consolidating wealth at the central bank, those that wish to enslave the public do so understanding their actions. Instead of wealth and prosperity and jobs and family… they want you desperate, depressed, spiritually destroyed and alone.

    GET THE PUBLIC READY – GET THE PUBLIC READY – GET THE PUBLIC READY

    True leaders will emerge – This is a promise – You must stand by them when they are ready to walk.
    The Org.

    • Bingo!

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