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After the Close: The Federal Reserve Announces New Reserve Currency Initiative

Marla Singer's picture




 

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Wed, 11/25/2009 - 17:03 | 142560 naiverealist
naiverealist's picture

Have a great Thanksgiving, Marla!

Wed, 11/25/2009 - 17:03 | 142561 Marla Singer
Marla Singer's picture

Anyone else notice that Emperor Palpatine has been relegated to the position of Treasury Secretary? (Or perhaps that's a promotion).

Wed, 11/25/2009 - 17:11 | 142578 Mad Max
Mad Max's picture

I thought he was the economic advisor.

Thu, 11/26/2009 - 01:07 | 142932 Anonymous
Anonymous's picture

Marla is correct. The treasury secretary bears a disgusting resemblance to Palpatine, while the economics advisor is of course Java the Hut with a turkeyneck.

Wed, 11/25/2009 - 17:03 | 142562 Cognitive Dissonance
Cognitive Dissonance's picture

Ya gotta love Photoshop in the hands of Marla and Zero Hedge.

Wed, 11/25/2009 - 17:40 | 142624 WaterWings
WaterWings's picture

What's the exchange rate for one of these babies:

http://www.diggersrealm.com/mt/archives/20090619/amero-100-dollar.html

Don't like breaking big bills? Well I preferred the old one with Jefferson but:

http://www.diggersrealm.com/mt/archives/20090619/amero-2-dollar.html

 

Wed, 11/25/2009 - 22:10 | 142838 Hephasteus
Hephasteus's picture

You give me money with John Pierpoint Morgan on it and Rockefeller on it. There's going to be asswiping.

Wed, 11/25/2009 - 17:04 | 142564 Mongo
Mongo's picture

EPIC!

Wed, 11/25/2009 - 17:04 | 142566 Barry
Barry's picture

Nice. Check out this guy. Not a believer in the new normal.

 

http://blogs.harvardbusiness.org/cs/2009/11/why_american_consumers_will_sp.html

 

Wed, 11/25/2009 - 17:11 | 142577 heatbarrier
heatbarrier's picture

Grant McCracken. Nuf said.

Wed, 11/25/2009 - 17:41 | 142626 Shiznit Diggity
Shiznit Diggity's picture

What the dude is overlooking is that the vast majority of American consumers will never again have the wherewithal to consume like they did during the bubble years.

Wed, 11/25/2009 - 18:13 | 142681 DagnyTaggart
DagnyTaggart's picture

Will someone ask Grant if he is willing to extend Susan credit for her 1999 themed party?

Thu, 11/26/2009 - 18:57 | 143484 Unscarred
Unscarred's picture

Welcome, Dagny.  We've been waiting for you to join us.

Wed, 11/25/2009 - 19:50 | 142763 vuepath
vuepath's picture

He's obviously never read "The Fourth Turning"  :)

Thu, 11/26/2009 - 12:23 | 143133 Anonymous
Anonymous's picture

Grant forgot the demographics in play. When you get older (baby boomers) you start to forget about entertaining to impress your neighbors. You get too tired to want to continue to consume. That's what's really in play for the next 15-20 years.

Wed, 11/25/2009 - 17:05 | 142567 bugs_
bugs_'s picture

How will the Emperor maintain control without the currency?

Wed, 11/25/2009 - 21:47 | 142828 knukles
knukles's picture

Ground Zero!

The pols do not understand their individual loss through currency collectivization.

Wed, 11/25/2009 - 17:05 | 142568 D.O.D.
D.O.D.'s picture

QUICK TAKE EVASIVE ACTION!!!

http://www.youtube.com/watch?v=EH5oRJKTWuc

(JR wins, I'm moving down under)

Wed, 11/25/2009 - 22:02 | 142570 heatbarrier
Wed, 11/25/2009 - 17:12 | 142581 Mad Max
Mad Max's picture

I have a bad feeling that Lucas and Timmy will both be suing you...

Wed, 11/25/2009 - 17:32 | 142613 Cursive
Cursive's picture

If they could issue this as a new coin, a la Sacagewa, they would.  Book it.

Wed, 11/25/2009 - 17:13 | 142587 Mazarin
Mazarin's picture

Backed by anti-matter reserves.

Wed, 11/25/2009 - 17:14 | 142588 phaesed
phaesed's picture

Does that make Greenspan the emperor?

Wed, 11/25/2009 - 17:22 | 142599 Anonymous
Anonymous's picture

I saw the tweet first and crapped myself a little bit but I guess it wouldn't be the first time a bunch of rich, smiling white guys came along and stole everything from the silly savages.

Wed, 11/25/2009 - 17:30 | 142610 Cursive
Cursive's picture

We were once the envy of the world and our currency was the "Almighty Dollar."  Thanks Greenspan, Bernanke and the rest of you FR hacks.

Wed, 11/25/2009 - 17:32 | 142612 Anonymous
Anonymous's picture

Where is the "In God We Trust?"

Wed, 11/25/2009 - 18:37 | 142708 hidingfromhelis
hidingfromhelis's picture

Where is the "In God We Trust?"

You're on the wrong website.  Around here it's, "In Gold We Trust."

Wed, 11/25/2009 - 21:41 | 142820 Careless Whisper
Careless Whisper's picture

actually it's In Goldman We Trust

Wed, 11/25/2009 - 17:42 | 142629 JohnKing
JohnKing's picture

Judge tells bank: GET F*CKED!

Suffolk Judge Jeffrey Spinner wiped out $525,000 in mortgage payments demanded by a California bank, blasting its "harsh, repugnant, shocking and repulsive" acts.

http://www.nypost.com/p/news/local/judge_kos_mortgage_to_slap_bank_28ZS1...

Wed, 11/25/2009 - 17:46 | 142640 Sqworl
Sqworl's picture

John: Judge tells US taxpayers to get fucked...Indymac was bailout bitch...

Wed, 11/25/2009 - 21:43 | 142822 Careless Whisper
Careless Whisper's picture

now they are privately owned and have been characterized as similar to organized crime in that article. they got off easy. they should be slapped with a r.i.c.o.

Wed, 11/25/2009 - 17:42 | 142630 Anonymous
Anonymous's picture

I think the Borg would be a little more fitting, but nice work Marla and happy T-Day to all!

Wed, 11/25/2009 - 17:55 | 142660 Anonymous
Anonymous's picture

.

This one's for YOU Deadhead:

http://www.youtube.com/watch?v=sVsSKuxyaro&feature=related

I spent a little time on the mountain
I spent a little time on the hill
I saw things gettin' outta hand
I guess they always will

I don't know what I been told
It's hard to run with the weight of gold
Other men done heard it said
It's just as hard with the weight of lead

One way or the other
One way or another
This darkness got to give

.

Wed, 11/25/2009 - 18:07 | 142668 primus
primus's picture

BWAHAHAHA!!! Made me think of this Star Wars scene.

Watto: How are you going to pay for all this?
Chairman: I have twenty trillion Federal Reserve Notes.
Watto: Federal Reserve Notes? Federal Reserve Notes are no good out here. I need something more real.
Chairman: I don't have anything else...
[waves hand]
Chairman: But Reserve Notes will do fine.
Watto: No, they won't-a.
[Chairman waves his hand more firmly]
Chairman: Reserve Notes will do fine.
Watto: No, they won't-a. What? You think you're some kind of Jedi, waving your hand around like that? I'm a Toydarian. Mind tricks don't work on me. Only money. No money, no parts, no deal!

Wed, 11/25/2009 - 18:19 | 142691 WaterWings
WaterWings's picture

Nice.

Wed, 11/25/2009 - 18:25 | 142694 heatbarrier
heatbarrier's picture

The Cash for Clunkers scene. Good one.

Wed, 11/25/2009 - 18:10 | 142676 Anonymous
Anonymous's picture

Palpatine's signature with Vader's image - hmmm... more like a China Photoshop job than a ZH piece

Wed, 11/25/2009 - 18:13 | 142682 Aborted Baby Seal
Aborted Baby Seal's picture

Can we accelerate the decline? 

Wed, 11/25/2009 - 19:10 | 142737 Zippyin Annapolis
Zippyin Annapolis's picture

Did they clear this with Ron Paul?

Wed, 11/25/2009 - 22:00 | 142835 Anonymous
Anonymous's picture

Timothy... I'm your father!!

Wed, 11/25/2009 - 22:11 | 142839 Unscarred
Unscarred's picture

JAM!

Wed, 11/25/2009 - 22:52 | 142859 Ignore Amos
Ignore Amos's picture

Hmmm .... I thought this was the latest currency from the Federal Reserve instead.

 

http://www.joeydevilla.com/wordpress/wp-content/uploads/2008/08/obama_three_dollar_bill.jpg

 

 

Thu, 11/26/2009 - 00:14 | 142911 Mad Max
Mad Max's picture

These are not the fiatscos you're looking for.

Thu, 11/26/2009 - 01:02 | 142930 Pinkfleud
Pinkfleud's picture

Fiatscos are worthless around here !!

 

Thu, 11/26/2009 - 01:05 | 142931 Pinkfleud
Pinkfleud's picture

Happy Thanksgiving to all of us !

Thu, 11/26/2009 - 01:27 | 142938 What_Me_Worry
What_Me_Worry's picture

As long as the brainwashed can use them to buy LCD TVs, make their house payments, and buy sports tickets with them then life will go on.

Thu, 11/26/2009 - 07:02 | 143003 Cow
Cow's picture

Has anyone seen a dollar bill with Timmay's signature on it?  Why not Timmay?  You afraid of this?

http://www.taxcheatstamps.com/

 

Thu, 11/26/2009 - 09:16 | 143031 Zippyin Annapolis
Zippyin Annapolis's picture

Timmy grandfathered--the horses are out of the burned down barn, GS skates again.

FEDERAL RESERVE

 

Conflict-of-interest rules tightened

The Federal Reserve tightened the conflict-of-interest restrictions governing the boards of directors of its 12 regional banks.

The new rules were passed to deal with potential conflicts such as one that involved Stephen Friedman, a former chairman of Goldman Sachs Group who ended up resigning from the New York Fed after questions were raised about his holdings in the company. The requirements take effect immediately and spell out the obligations of directors with ties to financial institutions that change status while the official is serving on a Fed regional board.

The rules require that any board director serving in one of the positions representing the public sever any ties to a financial institution that comes under the central bank's jurisdiction, or resign from the Fed board within 60 days of that institution's change in status.

 

 

-- Associated Press

 

 

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