You're now on the archive server. Commenting has been disabled.

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

Marla Singer's picture




(click to expand)




Similar Articles You Might Enjoy:

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 11/25/2009 - 17:03 | Link to Comment naiverealist
naiverealist's picture

Have a great Thanksgiving, Marla!

Wed, 11/25/2009 - 17:03 | Link to Comment 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 | Link to Comment Mad Max
Mad Max's picture

I thought he was the economic advisor.

Thu, 11/26/2009 - 01:07 | Link to Comment Anonymous
Wed, 11/25/2009 - 17:03 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

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

Wed, 11/25/2009 - 17:40 | Link to Comment 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 | Link to Comment 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 | Link to Comment Mongo
Mongo's picture

EPIC!

Wed, 11/25/2009 - 17:04 | Link to Comment 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 | Link to Comment heatbarrier
heatbarrier's picture

Grant McCracken. Nuf said.

Wed, 11/25/2009 - 17:41 | Link to Comment 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 | Link to Comment 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 | Link to Comment Unscarred
Unscarred's picture

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

Wed, 11/25/2009 - 19:50 | Link to Comment vuepath
vuepath's picture

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

Thu, 11/26/2009 - 12:23 | Link to Comment Anonymous
Wed, 11/25/2009 - 17:05 | Link to Comment bugs_
bugs_'s picture

How will the Emperor maintain control without the currency?

Wed, 11/25/2009 - 21:47 | Link to Comment knukles
knukles's picture

Ground Zero!

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

Wed, 11/25/2009 - 17:05 | Link to Comment 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 | Link to Comment heatbarrier
Wed, 11/25/2009 - 17:12 | Link to Comment 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 | Link to Comment 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 | Link to Comment Mazarin
Mazarin's picture

Backed by anti-matter reserves.

Wed, 11/25/2009 - 17:14 | Link to Comment phaesed
phaesed's picture

Does that make Greenspan the emperor?

Wed, 11/25/2009 - 17:22 | Link to Comment Anonymous
Wed, 11/25/2009 - 17:30 | Link to Comment 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 | Link to Comment Anonymous
Wed, 11/25/2009 - 18:37 | Link to Comment 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 | Link to Comment Careless Whisper
Careless Whisper's picture

actually it's In Goldman We Trust

Wed, 11/25/2009 - 17:42 | Link to Comment 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 | Link to Comment Sqworl
Sqworl's picture

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

Wed, 11/25/2009 - 21:43 | Link to Comment 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 | Link to Comment Anonymous
Wed, 11/25/2009 - 17:55 | Link to Comment Anonymous
Wed, 11/25/2009 - 18:07 | Link to Comment 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 | Link to Comment WaterWings
WaterWings's picture

Nice.

Wed, 11/25/2009 - 18:25 | Link to Comment heatbarrier
heatbarrier's picture

The Cash for Clunkers scene. Good one.

Wed, 11/25/2009 - 18:10 | Link to Comment Anonymous
Wed, 11/25/2009 - 18:13 | Link to Comment Aborted Baby Seal
Aborted Baby Seal's picture

Can we accelerate the decline? 

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

Did they clear this with Ron Paul?

Wed, 11/25/2009 - 22:00 | Link to Comment Anonymous
Wed, 11/25/2009 - 22:11 | Link to Comment Unscarred
Unscarred's picture

JAM!

Wed, 11/25/2009 - 22:52 | Link to Comment 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 | Link to Comment Mad Max
Mad Max's picture

These are not the fiatscos you're looking for.

Thu, 11/26/2009 - 01:02 | Link to Comment Pinkfleud
Pinkfleud's picture

Fiatscos are worthless around here !!

 

Thu, 11/26/2009 - 01:05 | Link to Comment Pinkfleud
Pinkfleud's picture

Happy Thanksgiving to all of us !

Thu, 11/26/2009 - 01:27 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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

 

 

Do NOT follow this link or you will be banned from the site!