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To: TobagoJack who wrote (63954)	5/28/2010 11:28:32 PM
From: carranza2	1 Recommendation Respond to of 217736

Sachs is an scholar/bureaucrat who has made his mark by ingratiatng himself, by not being offensive and thus being perceived as a 'voice of reason.'

To: TobagoJack who wrote (63954)	5/29/2010 1:12:31 AM
From: Cogito Ergo Sum	Read Replies (2) \| Respond to of 217736

LOL sachs is a moron... It really to my mind that it boils down to a simple question... and close to my prior post.. Can governments and people get fiscal religion and swallow the nasty medicine which in the long run is the best solution.. or do they need to have reset and lose credibility for many generations to come if not for ever.. note.. Argentina will now always be Argentina and the reputation of default is now a stigma (archaic definition :O)..... Sachs is a human optimist.. Hendry is going on his human experience :O) Tet is an optimistic Hendry ;o) I'm panicking a little :O) We know that Hendry's purging the banks.. is not revealing the true nature of the reset.. Oh BTW... sachs tax on the banks... you want to see Canucks pissed off ? We don't mind paying our fair share but we don't want to pay for spendthrift a$$----s :O)

To: TobagoJack who wrote (63954)	5/29/2010 2:59:35 AM
From: pogohere	1 Recommendation Respond to of 217736

Jeffery Sachs Part of the Corrupt Power Structure Jeffery Sachs’ Columbia webpage is effusive with accomplishments, committees he sits on, and presents him as both a genius and an all around great guy. What is missing from from his resume is his work with Russia during the 1990s when he was one of the architects of Russia’s economic collapse, along with Larry Summers. Their ideas were both incredibly stupid, corrupt and damaging to Russia in a long term way that is hard to completely appreciate unless you lived through it. Jeffery Sachs now focuses on poverty reduction. This is ironic as he was so instrumental in increasing the poverty of Russians. Here is a brief explanation of Sachs involvement: Through the late summer and fall of 1991, as the Soviet state fell apart, Harvard Professor Jeffrey Sachs and other Western economists participated in meetings at a dacha outside Moscow where young, pro-Yeltsin reformers planned Russia’s economic and political future. Sachs teamed up with Yegor Gaidar, Yeltsin’s first architect of economic reform, to promote a plan of “shock therapy” to swiftly eliminate most of the price controls and subsidies that had underpinned life for Soviet citizens for decades. Shock therapy produced more shock–not least, hyperinflation that hit 2,500 percent–than therapy. One result was the evaporation of much potential investment capital: the substantial savings of Russians. – thenation.com Memory Its important to have a memory. Because Americans do not, we allow corrupt charlatans like Jeffery Sachs, Milton Friedman and Larry Summers prance around showing off their advanced degrees, while hoping we don’t notice they have been thoroughly purchased by the power structure. All of these men are more concerned with quality of their corporate funded hotel suites, their egos and prominence over the quality of their work. Having lived through it, many Russians do have a memory, many Russians do remember Sachs. Sachs admits to no responsibility for the Russian catastrophe. When I interviewed him in November 2002, I asked him to comment on the (incontrovertible) fact that he’s viewed by scores of millions of Russians, as one journalist has put it, as either an emissary of Satan or of the CIA. He answered that he found this question “disgusting,” “perverse,” and like nothing he’s ever been asked before. The global elite leads a very insulated life. -http://www.leftbusinessobserver.com/Sachs.html Its very simple. If you are a prominent person, there is no accountability. If you are Jeffery Sachs or Larry Summers, you can be wrong over and over again. You can sell out your objectivity to hedge funds, you can give terrible advice that negatively affects entire countries. In fact, Larry Summers is doing this again as an advisor to Obama….and nothing will even happen to him. Columbia University will write up web pages in your honor and your power and prestige will only grow. References thenation.com leftbusinessobserver.com rothkopf.foreignpolicy.com independent.co.uk source: counterecon.com

To: TobagoJack who wrote (63954)	5/29/2010 3:35:56 PM
From: carranza2	2 Recommendations Read Replies (2) \| Respond to of 217736

zerohedge: A Quick Post Script To Mr. Jeffrey Sachs Submitted by Tyler Durden on 05/28/2010 17:56 -0500 We apologize in advance for harping back on this issue, but it is pretty damn hilarious. In the BBC Newsnight interview with Hendry, Tett and Sachs, the esteemed Columbia professor, at 4:50 into the clip, asks "How long has this Greek question been on the table. Ablout 10 weeks maybe?" A rather violent explosion from Sachs follows when Hendry calls him out on his tenured stupidity. All this was discussed yesterday. However, we wanted to provide a response to the Ivy League professor, as he did pose a legitimate question. In the following FT interview from January 2009, Hugh Hendry discussed the future of the eurozone and the PIIGS, and at 24 seconds into it, he provides the response Sachs is seeking: "I fear [the collapse of the Eurozone] is becoming more likely." He follows "If we saw parity with the euro, my goodness, that would be deemed to be unthinkable." And concludes, "There is a shortage of dollars. People think I'm crazy - they are printing billions, trillions of dollars. But keep in mind America has $50 trillion of debt outstanding. And that was fine because they thought it had $50 trillion of assets. And what we are discovering is these asset prices deflate - it's vaporization..." Dear Mr. Sachs - the very person you were sitting across the table from foresaw everything to the dot, just as it would happen 16 months later, even as you were calling up old buddies to get that Teacher of the Year award, or get that extra fellowship (in demagoguery?). Our advice to you is do what your parents did, get (an honest) job sire.... which will never happen - pouring the Kool Aid is easy and pays well. So here is our second bit of advice: watch all Hendry appearances, and listen to what he says. He will always ends up right, and you will always be wrong, since you defend a broken system which is fated for implosion. And just as Hendry sees deflation first, then hyperinflation (and watch this clip for some more brilliant insight), so it shall be. And for some reason people like Sachs will once again be invited to roundtables, in which they will goundlessly claim that nobody foresaw any of ensuing Keynesian collapse... So now that we have answered your question, we have one of our own - how does Columbia allow this level of mediocrity to be publicized on national television? youtube.com