The analytical program "However," with Mikhail Leontyev, October 06 2011
The world economy is popping like Trishkin caftan. While Greece is begging for help from the European Union, Moody's downgrades Italy’s sovereign rating, America demonstrates record unemployment, and stock markets are falling across the globe — at this moment the main world regulator and full-time savior, Federal Reserve Chairman Ben Bernanke gives a speech. This is the most outstanding speech for the whole centenary. history Federal Reserve, since its inception.
“Those responsible for US fiscal policy,” Bernanke said, “have 4’s main objectives. First: achieving long-term fiscal stability. The key step here is reducing budget deficits. The second task is to avoid steps that could harm growth "The third goal is to ensure sustainable growth in the long term. And the fourth goal is to change the mechanism for making budget decisions so that it guarantees predictability and transparency." Bernanke completed the presentation, saying that monetary policy is, of course, a powerful tool, but it is not a panacea for solving the problems facing the economy: "Growth promotion is in the common responsibility of all decision-makers."
We translate this surrealistic speech into Russian. The first task is to reduce costs. The second task is not to reduce costs. The third task is to ensure growth, for which it is impossible to reduce costs. The fourth task is to reduce costs in order to ensure predictability. And, most importantly, the fifth - I am not a panacea for you here, but all those responsible for being responsible are responsible. Get away from me and you would all go. Well, at least in the White House and the Ministry of Finance.
That is, Bernanke, began, slowly, to tell the truth. What does it mean? This means that the problems of the American, that is, the global economy - today this is the same thing - are unsolvable in principle. That is, it's time to call for accountability. That is, look for the extreme. Democrats shove with Republicans. Then they immediately find the Chinese, who, they say, by their imports deprive America of jobs. And then the last one was found. Himself. And exactly where Bernanke sent.
In an interview with ABC-news, President Obama answered the question whether he was ready to become a president of one term: “In such an economic situation, it’s difficult to count on more. It doesn’t bother me that people consider me a loser. I got used to it.”
This one is clearly not a wolf. Rather, the scapegoat. As many expected beforehand. Well, isn’t Bernanke responsible with the Wall Street banks, really ?! They already have an extreme. Specially trained. And why should we listen to all this anti-crisis chatter? That is, no one will give us deliverance - neither Bernanke nor Obama. It will be necessary to save ourselves when an unfavorable, as they say, external conjuncture.
Information