Watch Former Fed Governor Fred "Napoleon Dynamite" Mishkin In Dire Need Of A Diaper Change | zero hedge
...once again confirms that not only is the Fed populated by the most intellectually incapable and corrupt people, but that anything coming out of Columbia University (and the Ivy League in general) is not worth the paper it is printed on. Watch the attached clip to see a former Fed director go from comfortable, to fidgety, to stuttering, to thoroughly discredited, to in dire need of diaper change, in under 2 minutes. Last but not least, here is the soundbite of the year: "You have faith in the central bank." No further comment necessary.
What a great video! For all of you that have great faith in the Federal Reserve because you assume they know better than the rest of us, or better than the market, or can predict or regulate with some effectiveness, please watch this clip closely. The guy has no clue. He wrote a paper months before Iceland collapsed saying it was sound! He says be based HIS opinion on "trust" of ICELAND'S central bankers!
Come on. Do you really need more proof than this that the Fed is total bullshit? A corrupt ruse to make you think they are providing a benefit to the system. Apparently, it's a clip from an upcoming documentary by Charles Ferguson, called Inside Job.