Thursday, May 21, 2020

Carmen Reinhart Appointed World Bank Chief Economist:This is What You Need to Know

Carmen Reinhart
The banksters have found their female, ethnic, pro-money printing economist.

Carmen Reinhart has been appointed as the new Chief Economist of the World Bank Group.

Born in Havana, Cuba, she arrived in the United States on January 6, 1966 at the age of 10.

She holds a Ph.D. from Columbia University and is currently the Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School and a member of Council on Foreign Relations.

She is a long time, insider elitist player. She was Senior Policy Advisor and Deputy Director at the IMF and Vice President and Chief Economist of the investment bank Bear Stearns.  She serves on the Advisory Panel of the Federal Reserve Bank of New York and was a member of the Congressional Budget Office Panel of Economic Advisors.

In December 2018 she wrote an essay titled, The Biggest Emerging Market Debt Problem Is in America but she must have been kidding.

On the news of her new appointment, this exchange went down between her and the Harvard Gazette as the U.S. deficit explodes by trillions more:
GAZETTE: How do you grade the financial interventions both Congress and the Federal Reserve have taken so far? Are they enough? What more needs to be done?
REINHART: The big plus is that they’ve been swift and front-loaded, which is what you need in an emergency...
GAZETTE: Is debt worry a valid reason to pull back on future federal relief payouts?
REINHART: No, no. This is not the time for that. You first win the war [against COVID-19].
When push comes to shove, she is an all-out money printing, massive government spending advocate. The World Bank has found just the gal they want. She can be counted on to protect the banskters when it is needed.


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