{"id":21963,"date":"2016-10-08T15:57:32","date_gmt":"2016-10-08T20:57:32","guid":{"rendered":"http:\/\/olduvai.ca\/?p=21963"},"modified":"2016-10-08T15:57:32","modified_gmt":"2016-10-08T20:57:32","slug":"someone-is-lying","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=21963","title":{"rendered":"Someone Is Lying"},"content":{"rendered":"

Someone Is Lying<\/a><\/h3>\n
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Observant readers may recall the name Vitas Vasiliauskas\u00a0from our May story\u00a0<\/a>in which we quoted the ECB governing council member as defining not only himself, but his central banking peers, as “magic people.” As the portly Lithuanian banker said in a\u00a0Bloomberg interview\u00a0<\/a>then, \u201cmarkets say the ECB is done, their box is empty,\u00a0but we are magic people.\u00a0<\/strong>Each time we take something and give to the markets —\u00a0<\/em>a rabbit out of the hat<\/em><\/strong>.”\u00a0<\/em>What was more disturbing is that he was dead serious when he said it, which is important, because it is finally obvious that central bankers are neither gods, nor magicians, nor even doing “god’s work on earth”, but plain and simple psychopaths.<\/div>\n
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They could also be pathological liars, as the WSJ revealed today when it published an interview with Vasiliauskas, in which among other things, covered the topic of Deutsche Bank. To wit:<\/p>\n

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Struggling German lender Deutsche Bank won\u2019t drive the eurozone economy into the ground, a member of the European Central Bank\u2019s governing council said Thursday, adding a fresh dose of calm into a case that has raised concerns about the continent\u2019s ability to confront the struggles of Germany\u2019s largest lender.<\/div>\n

\u201cI don\u2019t think that problems related with one of the banks somehow can influence overall financial stability,\u201d said Vitas Vasiliauskas, the head of Lithuania\u2019s central bank, in an interview with The Wall Street Journal. The small Baltic state has used the euro since last year and therefore has a voice on the 25-member governing council that sets monetary policy in the currency bloc. The ECB also serves as supervisor of the eurozone\u2019s largest banks.\u00a0\u201cI don\u2019t think that we face something systemic<\/strong>,\u201d he said on the sidelines of the annual meetings of the International Monetary Fund.<\/p><\/blockquote>\n

And just in case the punchline is somehow missed,\u00a0here it is timestamped for posterity<\/a>.<\/p>\n

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…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Someone Is Lying Observant readers may recall the name Vitas Vasiliauskas\u00a0from our May story\u00a0in which we quoted the ECB governing council member as defining not only himself, but his central banking peers, as “magic people.” As the portly Lithuanian banker said in a\u00a0Bloomberg interview\u00a0then, \u201cmarkets say the ECB is done, their box is empty,\u00a0but we […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[83,233,282,418,434,3977,14446,4318],"class_list":["post-21963","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bloomberg","tag-ecb","tag-european-central-bank","tag-imf","tag-international-monetary-fund","tag-lying","tag-vitas-vasiliauskas","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21963"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21963\/revisions"}],"predecessor-version":[{"id":21964,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21963\/revisions\/21964"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}