Tuesday, May 16, 2017

Yale Launches Elitist Financial 'Crisis Response Project' Funded By Bill Gates and Jeff Bezos

By Robert Wenzel

I really can't think of a more crony project than what has just been announced by Yale University.

Specifically, the Yale School of Management reports that $10 million has been raised to expand the Yale Program on Financial Stability and launch the “Crisis-Response Project.” 

The project is primarily funded by Jeff Bezos, Bloomberg Philanthropies, Bill Gates, and the Peter G. Peterson Foundation.


The goal of the project is to "codify best practices and provide training that can help governments fight financial crises."

Who are the advisors that will be advising on the project?

The operatives that bailed out Goldman Sachs and the other crony parts of Wall Street following the 2008 financial crisis.

Get a load of this. 

The Advisory Board is chaired by Timothy Geithner, Members include Ben Bernanke and Hank Paulson.

Most disconcerting is the advisory team also includes Ken Rogoff who believes that cash should be banned to fight financial crises.


This project tis going to be a serious elitist operations center for the next crisis.

According to Yale:
With the Crisis-Response Project, the YPFS is creating an online platform to provide real-time decision support in financial crises.
 Andrew Metrick, Program Director of the Yale Program on Financial Stability and the Michael H. Jordan Professor of Finance and Management at Yale SOM, said, “The first time you contemplate a potential solution to a crisis shouldn’t be when you’re in the middle of one. Collectively, we must be better prepared for the next crisis. The Crisis-Response Project will do that.”

Geithner said, “Our goal is to improve the quality of decision making by governments and central banks in financial crises. With a master class designed and led by practitioners and a full curriculum of cases from crises around the world, we hope this program will become a model for how to train the next generation of policy makers.”

Got that? The next financial crisis is going to be stickhandled with input from the operatives that answer to the financial sector of the deep state with a project that is funded by Bezos and Gates.

For the record, financial crises are the result of Federal Reserve manipulations of interest rates and the money supply, (SEE: The Fed Flunks: My Speech at the New York Federal Reserve Bank).

No crisis response team is needed. Only a halt to Fed monetary manipulations that cause the business cycle is required.

Robert Wenzel is Editor & Publisher of  EconomicPolicyJournal.com and Target Liberty. He also writes EPJ Daily Alert and is author of The Fed Flunks: My Speech at the New York Federal Reserve Bank. Follow him on twitter:@wenzeleconomics, on LinkedIn and Facebook. The Robert Wenzel podcast is on  iphone and stitcher.


3 comments:

  1. Fucking technocrats. Trump says no more taxpayer funded bailouts.

    https://www.whitehouse.gov/the-press-office/2017/02/03/presidential-executive-order-core-principles-regulating-united-states

    ReplyDelete
  2. I'm sure they'll make sure that the next crisis doesn't go to waste.

    ReplyDelete
  3. They didn't print the whole Geithner quote: "Our goal is to improve the quality of decision making by governments and central banks in financial crises [to maximize profits for me and my cronies while we incur no financial risks]"

    ReplyDelete

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