Sep 12, 2011

Help me, help me (washed-up script writer)

We haven't heard from the washed-up scriptwriter in quite some time. He was washed up in Kazakhstan, and wrote some poems for President Brftzerk, the guy from the rotating golden statue, and then Brftzerk got arrested or something, and Sacha, who was supposed to keep him company, is back in Europe.

Finally, finally, we have some new news from the washed up scriptwriter.

"For obvious reasons," he writes, "I am setting my next script in the realm of financial stability. And here is my first try. A brief soliloquy (we want our soliloquies short these day's, don't we), that I put into the mouth of this Trichet person, you know who I mean, the president of this European Bank:
Reporter:

What is your answer to German people and economists who want the return of the DM? Trichet: You want answers?
Reporter: I think the Germans are entitled.
Trichet: You want answers? (SHOUTING)
Reporter: Germans want the truth! (SHOUTING)
Trichet: *You can’t handle the truth!* (SHOUTING) [pauses]…
Trichet: Son, we live in a world that has prices, and those prices have to be guarded by men with bonds. Who’s gonna do it? You? You, Sylvia Wadhwa? I have a greater responsibility than you could possibly fathom. You weep for Lehman Brothers, and you curse Ben Bernanke. You have that luxury. You have the luxury of not knowing what I know. That Lehman’s collapse, while tragic, probably saved banks. And my existence, while grotesque and incomprehensible to you, saves banks. You don’t want the truth because deep down in places you don’t talk about at parties, you want me on that committee, you need me on that committee. We use words like rate, target, expectation. We use these words as the backbone of a life spent defending something. You use them as a profitline. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of price stability that I provide, and then questions the manner in which I provide it. I would rather you just said congratulations and went on your way. Otherwise I suggest you pick up a Greek bond, and suffer a haircut. Either way, I don’t give a damn what you think you are entitled to!

And you know what? I didn't make this up. Heres what Trichet really said:

“We have delivered price stability over the first 12 years and 13 years of the euro — impeccably, impeccably!” Trichet said, his voice rising. “I would like very much to hear the ‘congratulations’ for an institution that has delivered price stability in Germany for … almost 13 years at an annual inflation rate of around 1.55%. It was not by chance; it was because we decided very frequently to do things that were not recommended by the various governments. Our independence is inflexible… We are in the worst crisis since World War II. We do our job. It is not an easy job.”

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