Friday, June 24, 2016
Adam Posen of the Peterson Institute and former BOE policy wonk, doesn't understand BOE sets rates
First of all we know about Pete Peterson and his self-serving and subversive mission to end Social Security.
He's been known to hire lackey's who are nothing more than relentless, high paid human propaganda machines for his sick mission. Guys like David Walker, that lying SOB who I got to admit that Social Security checks would never bounce and there was no issue with insolvency.
Now here's Adam Posen. He's the head of the Peterson Institute a deep pocketed think tank that works to spread the lies and support the liars who would make Peterson's dream of ending Social Security come true.
Posen was on the Bank of England Monetary Policy Committee, yet here's what he said back in February with respect to the possibility of Brexit.
"Very high interest rates."
So there you have again, another example of a guy in a high policy post who doesn't have a fucking clue that it is the Bank of England--the very fucking institution this guy works for--that sets interest rates.
Let's hope the other morons over at the BOE don't think this way, too. I won't be holding my breath.