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America Laughs As Jon Stewart Explains How Ben Bernanke Is Robbing It Blind

Tyler Durden's picture




 

Sick of bears explaining QE2? Prefer to watch Jon Stewart roasting the monetary Hewlett Retard instead? Here is your chance. Somehow catching Ben Bernanke lying on national TV has become not only a national sport, but one that provokes uncontrollable laughter... Ironically that is the laughter of all those whose money on a daily basis is worth less and less, courtesy of the Chancellor (Chairman is so QE1) buying back $50 billion in debt every week. Presumably laughing as one's net worth is getting destroyed makes it more palatable. Just wait as the country collapses into uncontrollable hysteric guffaws as the 30 Year mortgage passes 5%, then 6%, then 7%, etc. destroying up to 25% of household net worth.

 

The Daily Show With Jon Stewart Mon - Thurs 11p / 10c
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Wed, 12/08/2010 - 16:09 | 789765 downrodeo
downrodeo's picture

This is a tough one. On the one hand, you want to see intelligent discussion on your favorite financial blog. You don't want to see a bunch of nonsensical flaming and hate mongering. On the other hand, you need to stand up for free speech, as tasteless and hateful as it may be. I have always maintained the notion that if you don't believe in freedom of speech you despise, you don't believe in the freedom of speech at all. At the end of the day, I would opt for total freedom to say whatever is on your mind. Intelligent discussion can come out of that (although I realize it rarely does; but hey, it takes two to tango).

 

It does seem odd to me that someone can make an off colour statement like Thomas did, and then go from respected news icon to disgraced crazy cat lady, quite literally, overnight. The same thing happened to Don Imus. The same thing happened to John Rocker. He was discredited as a racist hillbilly. He did make insensitive remarks, and homophobic remarks, but to my knowledge, he never actually said anything overtly racist. I'm not advocating racism or homophobia, but I do advocate free speech. Consider the possibility that maybe you can't really accurately judge a person by a single (stupid) statement they've made.

 

Are we so fickle that we can change our entire opinion of a person based on the repeated chant of 'racist' levied by the the 24-hour news creators? Are our opinions that easily manipulated? Evidence points to yes.

 

I understand that those in the public sphere are expected to hold themselves to a higher standard, but we forget too readily that these people are humans too. They have insecurities, and prejudices, and misconceptions just as we do. The difference is that they are regarded by the general populace as more important than a regular person, and by  (ill)logical extension, they should not have any of our regular weaknesses. They are celebrities, and are therefore worthy of our celebration. When they falter, we celebrate their downfall tenfold.

 

Very interesting. I'm just fundamentally opposed to moderation; call it mental illness.  

Sat, 12/11/2010 - 18:29 | 799221 Lord Koos
Lord Koos's picture

"jewish behaviour"?

 

 Fuck you sir.  And fuck the racist rat you rode in on.

Wed, 12/08/2010 - 10:54 | 788633 SheepDog-One
SheepDog-One's picture

Just correcting your post, thats all. Does the truth hurt THAT bad?

Wed, 12/08/2010 - 10:28 | 788540 Crisismode
Crisismode's picture

Soros is running the Fed?

Jeez, next thing you'll be telling me is that Jamie & Lloyd are running Congress.

Wed, 12/08/2010 - 11:06 | 788685 cosmictrainwreck
cosmictrainwreck's picture

hahahaha..that's a good one. No, they don't actaully run it - just coordinate, orchestrate & expedite the bribes

Wed, 12/08/2010 - 10:20 | 788505 Boilermaker
Boilermaker's picture

No, but he does have a rapist's wit.

Wed, 12/08/2010 - 10:22 | 788520 Confused
Confused's picture

Thanks for the laugh. Haven't seen that in ages. 

Wed, 12/08/2010 - 10:25 | 788527 Batty Koda
Batty Koda's picture

No he is our saviour, we must follow him to our salvation.

Wed, 12/08/2010 - 10:57 | 788646 D-Falt
D-Falt's picture

But does he have a leaki - wick?

Wed, 12/08/2010 - 10:21 | 788512 Miss America
Miss America's picture

He doesn't hide that fact about his brother.  He's brought it up on many occasions???

 

My dad worked on the floor of the exchange.  My sister worked as controler for a publically traded company. 

 

Yet I rail against the machine all the time.  I wonder if i am psy-op too????

 

All the best,

Miss America

 

Wed, 12/08/2010 - 10:42 | 788592 Modern Money Me...
Modern Money Mechanics's picture

Hey MA,

Did you catch that Max Keisor 'flation rant. I thought of your "evaporflation" as he described it.

Max says 'flation depends on where your standing. If your the Fed, you see a shrinking M3 and deflation. If your in the bonus pool at Goldman Sachs, you see inflation, but if your like the rest of us, you see stagflation.

Cute, I like it...

Wed, 12/08/2010 - 11:23 | 788724 Miss America
Miss America's picture

Do you have a link?

I'd love to check it out.

My problem with "flations" is this:  In order to calculate something you need real numbers, and I believe the vacuum that they've created with missinformation doesn't allow the market's true price dicovery mechanism to properly function.  In other words, we are in the "flation" of whatever vacuum of information is being worked off of.

...and the errors become compounding.

I still 100% believe in evaporflation.

To put it simple. 

Me and you a few others ("few others"="Y") create a society.  We have a big pool of money (unknown amount = "x")  Our society adds $10-ish dollars.  Cost of goods goes up between 1-4% depending on our individual needs. 

How is our society doing overall???  

Who the F knows!!!  ...because we didn't know the value of "X".  We didn't know how many people "Y" were worked in, the "10-ish" was vague, and the 1-4% based on "X" and "Y" could be anywhere from positive to negative.

OK,  I'm done ranting on "flations"...  back to John Stewart.  Back in my college days 1990-94, I used to party with him.  He hung out at the same bars me and my college teamates worked and partied at.  Nevada smiths? Aces and 8s?  Bar none?  Life was easy, and all we cared about was hooking up with F.I.T girls. 

 

My memory of JS is (vague/fuzzy) as a "good guy".  Is he a shill???  I don't think so...  but who knows.  I am not, and my truly independent thoughts run very parallel to many of the things he regularly says.

All the best, MA

Wed, 12/08/2010 - 12:31 | 789028 Modern Money Me...
Modern Money Mechanics's picture

My problem with "flations" is this:  In order to calculate something you need real numbers

Yes, agree. But we will never know those numbers. Traditional macro has the simplistic formula of M x V = P x Q giving deflation and inflation a Ying/Yang status. But it's much simpler and sensible to me to view the 'flations with a relative view.

Here are your links:

http://maxkeiser.com/2010/11/30/de-in-and-stagflation-theory-in-action/

http://maxkeiser.com/2010/12/03/maxonomics-101-the-3-flations/

Wed, 12/08/2010 - 11:44 | 788783 Raging Debate
Raging Debate's picture

Great point MA. Some of the insinuation here about Stewart being psy ops is ridiculous. Ahh the joys of a fear-based society. I admire the technical analysis here by shrewd commentators and that has real value in hedging against devaluation. But some of the same commentators turn around later and accuse people like Stewart or Beck as psy-ops.

You leadership reading this are not going to like the results of turning America into the next Mussolini circus and it will be yourselves caught between the rock and hard place of Eastern/Western tensions and world war. You CFR types are too cute by half.

And those preaching Soros is like Dracula as Fox repeatedly claims, do you folks ever think about how Media Matters is a competitor of Fox and maybe, just maybe is talking its own book by demonizing the man? Golly gee whiz Beave, who woulda thunk it possible!?!?

 I have nothing to do with Soros but at least the man has the balls to state the obvious about breaking up TBTF banks and openly discussing a stable monetary system. Google the Budapest lectures and start expanding out past ZH in your research efforts of how the world works. I don't see Rupert Murdoch himself standing up behind his convictions in such a public manner.  

 I was having an interesting conversation with an older fellow about the timeframe of when media became so polarized and moved into social news, focusing on Talking Head format of left/right polarized opinion news and far less event based news. The history of how and when this happened was interesting, it appeared to begin about the same time the dollar became unpegged to the partial PM standard. Probably not a surprising coincidence for most here.

As a Generation X'er, I need to ask my some of my elders be them a Soros, Murdoch and others in the middle. One cannot fix a problem unless one has an open mind in gathering research. I don't have all the answers yet either, so forgive my criticism of the commentators psy-op fears, my criticism is merely highlighting an unmet market demand problem. 

Wed, 12/08/2010 - 10:21 | 788515 Confused
Confused's picture

I've heard him speak about his brother on NPR. While it is a bit strange, I do believe that it is possible for him to actually be concerned.  

Wed, 12/08/2010 - 11:31 | 788785 strannick
strannick's picture

His granma is probably concerned too. She looks out down over the city and hopes they all stay warm.

Wed, 12/08/2010 - 10:25 | 788528 rocker
rocker's picture

At least we have Jon Stewart.  The only news outlet that tells it like it is.

Fittingly, on the comedy channel. America and the FED is a joke.

Wed, 12/08/2010 - 10:41 | 788591 kridkrid
kridkrid's picture

Best News Sources: Comedy Central and Rolling Stone Magazine.  It's a Mad World...

http://www.youtube.com/watch?v=KCpd577Bu5I&feature=fvst

 

Wed, 12/08/2010 - 10:38 | 788584 Max Hunter
Max Hunter's picture

Sadly for America, I find it hard to laugh.

A comedian is the bell-weather for honest journalism in America.

Americans find a certain comfort and acceptance in laughter. I can only guess it allows them to enter into intellectual conversation by giving them an out by giggling. It's certainly absurd but unfortunately all we have at the moment.

I don't think Stewart is a psyop.. It was only 3 years ago I would have been called a number of things for my blogging and opinions because they were prior to my epiphany..

I love a good conspiracy but I don't think every single person in a place of influence knows the truth but does not express it and is part of the cover-up.

Wed, 12/08/2010 - 10:50 | 788618 Bob
Bob's picture

Agreed.  People seem unable handle the truth unless it's put in a form that allows laughter.  You have to go to "comedy" shows to hear the truth about alot of things these days.

Wed, 12/08/2010 - 11:49 | 788877 Hugh_Jorgan
Hugh_Jorgan's picture

It's called the dumbing down of our country. It happened in Rome near the end as well. American Progressive elites began a poisoning of the well with Euro-Globalist ideology 100 years ago with the Fed, League of nations and their evil revisionist history that has taught us a vast array of lies and half-truths. The US Constitution cannot protect us from tyranny, by itself. It requires a informed and enganged electorate which as you point out, we do not have.

Too many 25-35 year-have been coddled their entire lives and never experienced the beauty of the character growth that comes from failure. This is why they can't even understand the information that they hear or see about the present state of things. Why would they want to know the truth if it is unpleasant? The truth is somewhat complicated these days, that is why the dirtbag elites have been able to hide what they are doing for so long.

I applaud Jon Stewart for FINALLY taking the time to get the 5 minute primer on fiat currency and fractional reserve banking (which are much simpler concepts that the names would imply), and can now mount an attack on some of the BS that nobody wants to talk about.

Jon, there is plenty more where that came from, if you spend some time learning more about the world economic system, you'll have some material to intersperse with your banal commentary on conservative radio hosts.

Wed, 12/08/2010 - 11:25 | 788750 strannick
strannick's picture

Stewart;

so for the workingman

so @#%# rich!

an aristocrat with a fetching manner of depracating his class.

Wed, 12/08/2010 - 11:32 | 788784 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Only the court jester is allowed to openly mock the King/Queen.

Wed, 12/08/2010 - 11:34 | 788793 strannick
strannick's picture

 

And the kings little brother

Wed, 12/08/2010 - 11:38 | 788813 bankonzhongguo
bankonzhongguo's picture

Folks need to seek out Richard "CFR" Haass article: American Profligacy and American Power.

Its the first time the Mother-ship acknowledges where the Republic/Empire is going.  When the Elite compare the USA to the last days of the Ottoman Empire, well you better pay attention.

http://www.foreignaffairs.com/articles/66778/roger-c-altman-and-richard-...

Wed, 12/08/2010 - 11:59 | 788925 BobPaulson
BobPaulson's picture

Sorry, I'm cheating to get at the top of this response reel but could somebody tell me the date and time of this piece on his show? Where I live it's copyrighted to another TV channel and I can only find it by the time and date this was on the air.

Wed, 12/08/2010 - 14:19 | 789352 downrodeo
downrodeo's picture

I believe that this aired last night. It was the episode for Tuesday, Dec 7th if I'm not mistaken.

 

http://www.thedailyshow.com/

 

 

Wed, 12/08/2010 - 21:00 | 789632 benb
benb's picture

ORI -“John Stewart, funny though he is, is a Psy-op!”-----most definitely!

Stuart Liebowitz, a.k.a. John Stewart is assuredly part of the CIA propaganda machine. By the junks you’ve gotten I can see we’ve got a number of Unicorn Jockeys in today’s offering.

And yes, his brother Lawrence Leibowitz, is Chief Operating Officer of the NYSE.

Wed, 12/08/2010 - 10:14 | 788474 Sudden Debt
Sudden Debt's picture

Can't wait to see the "YOU'VE BEEN PUNCKED"  version starting Bernanke vs. THE US TAXPAYER :)

Wed, 12/08/2010 - 10:19 | 788496 SheepDog-One
SheepDog-One's picture

Dont there have to be jobs in order to have tax-payers?

Wed, 12/08/2010 - 10:25 | 788526 Sudden Debt
Sudden Debt's picture

if there where to many, they wouldn't be able to catch them on the television screen.

 

Wed, 12/08/2010 - 11:19 | 788726 Rick64
Rick64's picture

LoL.

Wed, 12/08/2010 - 10:15 | 788478 Rastadamus
Rastadamus's picture

I see fire. Fire burning down the Federal Reserve.

Wed, 12/08/2010 - 11:35 | 788803 strannick
strannick's picture

 

And a lineup of wheelbarrows to dump on the paper

Wed, 12/08/2010 - 10:16 | 788480 Cookie
Cookie's picture

Brilliant!

Wed, 12/08/2010 - 10:16 | 788481 pan-the-ist
pan-the-ist's picture

It's just a trillion dollars.

Wed, 12/08/2010 - 10:16 | 788482 the not so migh...
the not so mighty maximiza's picture

John Stewart getting arrested on air would be really hillaroius.

Wed, 12/08/2010 - 10:16 | 788483 Quinvarius
Quinvarius's picture

We will call this the John Stewart gold rally.

Wed, 12/08/2010 - 10:17 | 788485 Bob
Bob's picture

"Our money is commiting suicide on the printing press" is pretty damn funny . . . in a tragic kinda way.

Wed, 12/08/2010 - 10:18 | 788489 kato
kato's picture

so bernanke is on tape as just another politician; a whore. Please bring back Volkler...

Wed, 12/08/2010 - 10:20 | 788495 TruthInSunshine
TruthInSunshine's picture

Gotta' love how Bernanke is shown/proven beyond ANY doubt to be a complete and total fucking LIAR.

In 2008, he was printing money and says so, but claims the opposite now via his latest bullshit spewed on '60 Minutes.'

I also find it highly ironic how only a 'comedy show' brings any truth to the masses in modern day Amerika.

Berbankscheme should be in an orange jump suit in a pound-him-in-the-ass prison.

Wed, 12/08/2010 - 10:22 | 788516 SheepDog-One
SheepDog-One's picture

Isnt there some mixim about how when the comedians are clowning the messiahs and Men of the Year, its over?

Wed, 12/08/2010 - 10:36 | 788576 Batty Koda
Batty Koda's picture

No, ever heard of a court jester? http://en.wikipedia.org/wiki/Jester

 I think Stewart is in the "licenced fool" camp, but if he steps over the line he'll be whipped. He's simply a puppet placed to allow the people with a gram of sense to let off steam, people are angry, he makes a joke, then everything seems better.

Wed, 12/08/2010 - 11:15 | 788690 Bob
Bob's picture

Fair conclusion if one assumes a "puppet master" somewhere ruling it all. 

Check out Olbermann completely destroying Obummer last night on MSNBC:

http://www.msnbc.msn.com/id/40557029/ns/msnbc_tv-countdown_with_keith_ol...

Do you think he'll get whipped for it?  After all, msnbc is a mouthpiece for liberals, who in turn are Barry's supporters . . .

Olbermann essentially called Barry a useless bitch who may not even be renominated, much less re-elected.

Wed, 12/08/2010 - 15:22 | 789593 RockyRacoon
RockyRacoon's picture

Olbermann certainly ripped the Big O a new one.  Followed by Rachel Maddow who did the same in her less than flamboyant way.   O's base is really unhappy at his capitulation without a public fight. 

Wed, 12/08/2010 - 12:12 | 788967 AnAnonymous
AnAnonymous's picture

The Internet and places like this one serves the same purpose: venting frustration.

Freedom of speech is an illusion.

Wed, 12/08/2010 - 10:19 | 788502 gimli
gimli's picture

Poor Ben ...... I miss Lloyd. Where'd he go?

http://www.youtube.com/watch?v=HlVhx7LHF98

 

Wed, 12/08/2010 - 10:20 | 788506 jomama
jomama's picture

Americans love their fantasy comfort bubble far too much to give a shit.

Wed, 12/08/2010 - 10:20 | 788507 Bill Lumbergh
Bill Lumbergh's picture

Does anyone else notice Bernanke appears to have lost weight...perhaps the reality of the situation at hand is causing some "undue" stress.

Wed, 12/08/2010 - 10:26 | 788532 Sudden Debt
Sudden Debt's picture

SEX burns calories.

and after fucking 350 million Americans in every opening they've got I'm amazed we can still see him!

Wed, 12/08/2010 - 12:59 | 789104 iDealMeat
iDealMeat's picture

LOL,  spit up some popcorn on that one..  thx.

Wed, 12/08/2010 - 10:29 | 788541 Careless Whisper
Careless Whisper's picture

all that stress. because. he. cares. about us.

Wed, 12/08/2010 - 10:36 | 788573 Sudden Debt
Sudden Debt's picture

HE DESERVES A BONUS!!

12 trillion should cover it...

Wed, 12/08/2010 - 10:31 | 788557 EvlTheCat
EvlTheCat's picture

or maybe with all the trillions he went out and hired himself a personal trainer?

Wed, 12/08/2010 - 10:46 | 788600 flacon
flacon's picture

Yes I did notice that. I remember when the alphabets used to analyse (read the tea leaves) Alan Greenspan - up to the degree of noticing how he carried his briefcase, what tie he was wearing etc. No mention on CBS/MSNBC about how Bernanke's lip was quivering, his voice was wavering and he lost weight - not to mention the outright lies he told. 

 

Bernanke is clearly very, very, nervous because he has lost confidence in his own game of confidence. 

Wed, 12/08/2010 - 10:50 | 788616 NumberNone
NumberNone's picture

Greenspan only spoke cryptically and never gave a clear answer on anything regarding the Fed.  Bernanke wanted to change that and presented himself as Mr. Nice Guy saying he wanted to usher in an era of openness at the Fed.  Apparently that ain't working out for him as he grasps for more and more desperate measures to keep the house of cards in place.

Now it's back to Greenspans playbook of lies, deception, and obfuscation. 

Wed, 12/08/2010 - 13:23 | 789171 Julia
Julia's picture

That was the main thing I noticed on Sunday night--talk about a smaller man. His body language was also less than 100% as well, seemingly closing in on itself. And to top it off, it looked like he was very nervous, like right before one of those strange facial ticks happens.

Wed, 12/08/2010 - 13:57 | 789274 zenith191
zenith191's picture

 

Alot of people have been saying this but I don't get it. He always seems nervous to me in every interview I have seen him in. I think it is just his manner and I personally am not reading anything into it. Perhaps we should all go back and look at his past interviews and presentations.

 

 

Wed, 12/08/2010 - 10:22 | 788514 Pants McPants
Pants McPants's picture

There's something about Jon Stewart that doesn't sit right with me.  His rally, for instance....was it a spectacle for ambivilance or done merely for humor?  My DC friends who attended are hardcore leftists and went only to make fun of the Palin/Beck booyah a few weeks earlier.  I suppose reminding myself Stewart is an entertainer/comedian is the best coping mechanism.  I turned off the idiot box two years ago, one of the best decisions of my life.

Wed, 12/08/2010 - 10:28 | 788537 TruthInSunshine
TruthInSunshine's picture

If you further your analysis, Stewart, while not someone I always agree with, is the ONLY one to have ever reported/stated anything of substance and truth about the cable 'news' uselessness, the legendarily high idiocy of CNBCbs, this lying, thieving Federal Reserve counterfeiting operation, and many other factual assays that the 'serious' journalists at ABC, CBS, NBC, CNN, MSNBCbs, Fox, The New York Times, Wall Street Journal (mouthpiece of The Bernank, ala Tokyo Rose), Washington Post, etc. apparently have no interest in (or don't want to talk about for whatever reason).

The media in the U.S. sucks so badly, it takes a comedian to interject any real news containing truth in the laps of Americans.

 

Wed, 12/08/2010 - 10:31 | 788558 Pants McPants
Pants McPants's picture

Thanks, and in general I agree with you.  I guess my problem with Stewart is, OK, you danced around some funny inconsistencies.....now where's the beef?  Maybe my problem is he doesn't go far enough.  Settling for the quick joke is only slightly better than being complicit in the shenanigans, as the other networks you mentioned are doubtlessly engaged.  Thank god for the Internet.......for now anyway.  Ha.

Wed, 12/08/2010 - 11:13 | 788706 DaveyJones
DaveyJones's picture

he's a comedian, he doesn't claim to be anything else. It is the rest of us who "don't go far enough"

Wed, 12/08/2010 - 11:32 | 788788 tinsmith
tinsmith's picture

agreed.  I've seen him being interviewed on 'real' news shows and he was not only serious and informed, he also layed into the interviewers, both times, about their (the 'real' media) lack of proffesionalism and impartialness.  He's a comedian, and doesn't claim to be anything else.  It's sad that he is closer to being a real news source than the rest of the so-called 'press'.

Wed, 12/08/2010 - 12:08 | 788956 DaveyJones
DaveyJones's picture

when hackers and hecklers are the only newshounds

Wed, 12/08/2010 - 12:20 | 788990 Pants McPants
Pants McPants's picture

You're right, he's never claimed to be anything else.  I should have said my problem is most people don't go far enough.

Wed, 12/08/2010 - 15:29 | 789617 RockyRacoon
RockyRacoon's picture

He is passionate about the screwdness of the media.  His interviews by others are very revealing.  Don't forget that there is a staff of writers behind all the madness on his show. It's done for humor and effect.  There have been instances when he wanted to go to the dark side (being serious) but stopped at the threshold.   He has even given up making fun of Glenn Beck, who was a gold mine for humor.  (Gold pun intended.)

Wed, 12/08/2010 - 10:35 | 788560 Mercury
Mercury's picture

I guarantee you Stewart will never connect the dots of America's ongoing financial crisis and a government that is both too big to feed and falls awfully short in the goods and services department.

Wed, 12/08/2010 - 11:28 | 788771 Miss America
Miss America's picture

Did you watch him with Jim Cramer?

Did you watch him with Patrick Burn of Deep Capture (and the O)

There's a reason why he's so popular amongst the well informed.  He's absolutely brilliant.  To mix pop culture / comedy / with fact / fiction / ...and make it all entertaining. 

That's his job.  He is an entertainer on comedy central.  He is a home run.

You tube some candid hour long public interviews he's done, and outside of the scope of the show, you will see how well calculated he is.

All the best, Miss America 

Wed, 12/08/2010 - 12:51 | 789057 Mercury
Mercury's picture

Stewart can be an entertaining guy and I've no doubt the smart set think he's a hoot but his rarely compromised (or hidden) personal political advocacy is about as standard issue celebrity-liberal as they come.  No complaints about how Stewart treated the Fed Chairman here but you'll notice he treats him like he's just this funny guy with a weird job in some obscure corner of the government instead of (arguably) the most powerful man in the world who sits astride the twin leviathans of the federal government and the country's giant, all-powerful banks.

Much worse however is Stephen Colbert, especially when he "interviews" guests.  Watching public figures (often scientists, authors  and persons of significant accomplishment) attempt to present serious material to a general audience through a fictional character intent on making a political joke about everything is truly nauseating.  But maybe I'm just not well informed.

Wed, 12/08/2010 - 15:32 | 789639 RockyRacoon
RockyRacoon's picture

You're expecting too much.  It's just a comedy show.  Be grateful that we get anything like this, and that it is popular.  Better to get a skewed view of the Ponzi than none at all.  If the 3 big networks could have bleeped 4-letter words and whoopee cushions they'd be popular as well.

Wed, 12/08/2010 - 10:24 | 788524 nonclaim
nonclaim's picture

The King and the Jester, live from the middle ages...

Wed, 12/08/2010 - 10:25 | 788530 Pladizow
Pladizow's picture

America is just now starting to feel the tip put in!

Wed, 12/08/2010 - 12:12 | 788970 velobabe
velobabe's picture

your point, is?

Wed, 12/08/2010 - 10:27 | 788531 williambanzai7
williambanzai7's picture

This says something important about this clown's mentality. He didn't check the tape to see what he said last year!

He thinks the world is that stupid...

Wed, 12/08/2010 - 10:30 | 788548 oddjob
oddjob's picture

Jon Stewart is a COFR shill.

Wed, 12/08/2010 - 11:00 | 788663 Crisismode
Crisismode's picture

Jon is associated with Certificates of Financial Responsibility??

 

Who knew!?!?!

Wed, 12/08/2010 - 11:13 | 788705 Agent P
Agent P's picture

Pretty sure he was talking about Bernanke here. 

Wed, 12/08/2010 - 11:13 | 788707 the not so migh...
the not so mighty maximiza's picture

Crusty old Fossil Rockers

Wed, 12/08/2010 - 21:07 | 791040 benb
benb's picture

"...a COFR shill."

You bet he is.

Wed, 12/08/2010 - 10:28 | 788538 belsebub
belsebub's picture

This one is even better, and more recent too!

http://www.thedailyshow.com/watch/tue-december-7-2010/supercuts

Wed, 12/08/2010 - 10:32 | 788563 flacon
flacon's picture

I can't view it from Canada. Perhaps it's better that way.

Wed, 12/08/2010 - 12:49 | 789078 flacon
flacon's picture

Thanks. Internet is being slow at work. I'll check it at home. 

Wed, 12/08/2010 - 10:35 | 788570 ZeroPower
ZeroPower's picture

Lol @ the money will be burned in outdoor fires in front of homeless people.

 

Wed, 12/08/2010 - 10:39 | 788583 screamingpossum
screamingpossum's picture

I became something of a Jon Stewart fan during the Bush years. Now, while I don't exactly think he's a shill for the state, I find him much less interesting. For the most part he seems to buy into the false dichotomy of democrats vs. republicans. He does a good job of pointing out some of the inanities of both politicians and media, but he still seems to think, like most liberals, that we wouldn't have anything (except for chaos, perhaps) without a strong central state. This bit indicates that perhaps he is curious about how the economy really works, but I don't hold out much hope that he’ll figure out the difference between free-market capitalism and corporatism anytime soon.

 

Wed, 12/08/2010 - 10:47 | 788605 TruthInSunshine
TruthInSunshine's picture

I agree that Stewart seems to at least insinuate that big government is benign, and that's a massive misnomer, and he's also far less harsh on Obama than Bush.

However, he literally is the lone big media personality that actually challenges government bullshit assertions, unlike his 'legitimate' anchors and pundits.

I'm speaking of the mass media, obviously, as the alternate red pill of financial news seems to be thriving (while the mass media shrivels, perplexed at what could be wrong, as they rely on guest appearances by financial experts like Jim Cramer to explain the economic reality to their viewers at 6:30 p.m.).

Wed, 12/08/2010 - 10:51 | 788627 kridkrid
kridkrid's picture

People have to start somewhere.  I know a bunch of people who are "mostly in" with their understanding of the false dichotomy, but their muscle memory is still there.  They tend to be a bit more critical or a bit more understanding of one side vs. the other.  And that's by design, I think.  The rhetoric of one side still appeals to their world view.  That's where I think Stewart is... he can't shake his legacy.

Wed, 12/08/2010 - 11:03 | 788673 Crisismode
Crisismode's picture

Would you please point out to us a country where Free Market Capitalism exists in practice?

 

Thank you in advance.

Fri, 12/10/2010 - 14:37 | 796295 screamingpossum
screamingpossum's picture

There ain't one, unfortunately. If there were one, that's where I'd be.

Wed, 12/08/2010 - 10:45 | 788598 Flore
Flore's picture

these new bills are way to expensive

Wed, 12/08/2010 - 11:01 | 788666 Pining for the ...
Pining for the Fjords's picture

Wait a while.  Each of those Benjamins will only cost you a gallon of milk or a pound of flour in 6 months...

Wed, 12/08/2010 - 10:59 | 788653 Grimbert
Grimbert's picture

Is this last night's episode?

If so it'll be on tonight in UK at 8.30 on More4

 

Wed, 12/08/2010 - 10:59 | 788657 scratch_and_sniff
scratch_and_sniff's picture

Does anyone know where eles i could watch this, not allowed in UK apparently...??

Wed, 12/08/2010 - 11:00 | 788661 David99
David99's picture
China is going to increase interest rates by 0.25 basis points this weekend and another 3 hikes on 11th Feb, 11th April & 11th June making total 100 basis rise in 6 months.

Make a note on your calender

Wed, 12/08/2010 - 11:07 | 788684 Crisismode
Crisismode's picture

From Wen Jiabao's mouth to your ear.

Got any other tidbits from him?

Wed, 12/08/2010 - 11:02 | 788671 shushup
shushup's picture

If this doesn't get the man fired I don't know what could.

Wed, 12/08/2010 - 11:11 | 788674 gaoptimize
gaoptimize's picture

I think it is possible The Bernank is just out of his depth, and I mean that in a couple of ways.  First, most of his actions are informed by his study of the 1930s Great Depression and he can't properly apply those lessons to the current context.  Second, have you ever almost drowned?  I have a couple times (don't like to think about it even though it's been a while).  Panic sets in at some point and clouds your thinking.  It could be this is where The Bernank is now.

Wed, 12/08/2010 - 12:12 | 788968 DaveyJones
DaveyJones's picture

drowning happens when you unleash a flood.

Wed, 12/08/2010 - 11:11 | 788695 simonsito
simonsito's picture

"so our money is committing suicide"

...didnt have to laugh like that for quite a long time
Thanks....! - to my favourite PsyOp... :)

Wed, 12/08/2010 - 11:12 | 788702 rukidding
rukidding's picture

From half way round the world (perhaps I am more objective), Jon Stewart aka Stuart Leibowitz is one of them.

Wed, 12/08/2010 - 11:13 | 788708 Dalcan5
Dalcan5's picture

It's wonderful to see the Fed 'unmasked' for what it really is; the bankster's friend.

Wed, 12/08/2010 - 11:16 | 788715 Defenestrate
Defenestrate's picture

My eyes literally popped open this morning as my non-economic brain put two puzzle pieces together.

1. There have been 30 consecutive weeks of outflows from equities, so it's clear the American people are trying to divest from Wall Street.

Yet, the market is going up? Where is the money coming from?

2. Uncle Sam-- so if we refuse to give them our money directly, they put the lapdog government to the job to steal it out of our back pocket via taxes.

Wall Street is getting our money whether we want them to or not. We will invest in the market or they will suck us dry via the Fed. We are hostages. We are being robbed BLIND. 

Wed, 12/08/2010 - 11:42 | 788846 jahbless
jahbless's picture

so what to do?  I'd run for local office if I qualified.  I mean, why not?  How much money do you *really* need to run a campaign of actual truth these days?

The Sheep are worried, and are looking for assistance.  Missed opportunities?

Probably being too naive...but the thought of washing the streets clean of this filth with the blood of anarchists/revolutionaries seems so...backward.  I agree with the post above, and I watch the injustices build daily with my hands balled into fists.  People should be standing on street corners screaming bloody murder, but judging by the video above, dey ain't.

Trading aside, what are we to do? 

p.s love the discussion on this site. 

Wed, 12/08/2010 - 12:24 | 789004 Pants McPants
Pants McPants's picture

IMO, getting upset only clouds your judgment and leads to irrational actions.  The best thing you can do is withdraw your consent from the charade and invest your money and time into proven assets like gold.  Take care of yourself and your family.  Let the rest work itself out.

Wed, 12/08/2010 - 11:20 | 788733 tinsmith
tinsmith's picture

Been lurking at Zero Hedge for months.  Love it.  Got the shirt, even though it cost me a kidney.  Finally got around to joining.  Let me say this about Stewart - he blasts everyone equally, and while it's sad that it has to come from a comedian, at least we have one outlet where all viewpoints are equally scrutinized.  Maybe now more people will realize that we are, indeed, printing money on a massive scale.

Wed, 12/08/2010 - 12:59 | 789105 Financial_Guard...
Financial_Guardian_Angel's picture

Welcome. I was a lurker for a few weeks and couldn't resist joining. The articles are good, the comments are better. I have my own blog but don't have the spirited discourse nor the readership. Gotta agree with your comments on JS. His job is to entertain us first. Any more, and peeps would go elsewhere.

Wed, 12/08/2010 - 14:15 | 789341 tinsmith
tinsmith's picture

Thanks for the welcome.  Any reason someone would flag my first post ever as 'junk'?  Oh, well.  I've been reading Z.H. long enough to know that with the intellligent come the a**holes.

Wed, 12/08/2010 - 11:26 | 788756 johnnymustardseed
johnnymustardseed's picture

PM's hammered again. JPM revenge?

Wed, 12/08/2010 - 11:37 | 788815 TruthInSunshine
TruthInSunshine's picture

Episode III: Revenge of the Blythe.

She will not win the war.

Wed, 12/08/2010 - 11:30 | 788780 TragicHipster
TragicHipster's picture

One of his top writers is a member of the Council on Foreign Relations.

Wed, 12/08/2010 - 13:18 | 789151 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

**UNJUNKED**

Stewart's goons are a hit squad.

Jon Stewart Writer Punches We Are Change Member In Face:

http://www.youtube.com/watch?v=U3oUC22H1Xg

Wed, 12/08/2010 - 15:12 | 789543 Rula Lenska
Rula Lenska's picture

re. the CFR member:

Name, please?  And source.  Thanks.  I'll wait....

Wed, 12/08/2010 - 11:34 | 788798 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I would not have a problem with Stewart except that he mocks the September 11th Truth Movement.  What the hell does this comedian care about the fact that the majority of the families of the victems of the September 11th attacks want a new commission.  He cares not, and in fact, mocks them.

Wed, 12/08/2010 - 11:38 | 788821 SheepDog-One
SheepDog-One's picture

He knows what an actual investigation would expose.

Wed, 12/08/2010 - 11:38 | 788825 In Fed We Trust
In Fed We Trust's picture

In April 0f 2009, John Stewart did back 2 back nights of Goldman Sachs bashing. 

That was the week that the site GoldmanSachs666.com was getting off the ground.

Market Watch published an article that week entitled "Even Jack Bauer couldn't stop the Goldman Sachs Conspiracy stories.

That was the same week that I published www.GoldmanSachsExposed.blogspot.com so I felt as though they were talking to me. 

Also that week, the the movie "Heist" was announced, and I felt as if conspiracy talk had peaked......

Over one year later Goldman Sachs is fined $500 million for defrauding it's investors and I don't remember John Stewart even mentioning it?

John Stewart's job is to help the sheeple laugh when they should be crying. 

 

 

 

 

Wed, 12/08/2010 - 11:39 | 788835 Miramanee
Miramanee's picture

ZH is the late 1970s West Coast Punk Rock of economics blogs. It's all insults and "fuck yous" and personal attacks---but the politics are spot on! :) I have a question: Let's say "we" prevail, and massive austerity efforts win the day. Entitlement spending is slashed, unemployment benefits are eliminated, welfare is gutted, special education funding is trashed, the central bank Fed. Reserve system is thwarted, food stamps are all-but eliminated, etc. Paint a picture---if you can muster it, not a sarcastic bullshit picture the likes of one Henry Rollins would have pained in 1981---of what happens in the USA in the weeks and months that follow such moves?

Wed, 12/08/2010 - 11:52 | 788898 Revolution_star...
Revolution_starts_now's picture

"Let's say "we" prevail, and massive austerity efforts win the day."

There is no "winning", there is no out, only in. Austerity is just another tax, just another revenue generator. That's all, as long as the banks create the money and we are taxed by the banks for the use of said money, we will not win.

No matter what happens at the end of it the banks will have even more of our money and even more control over the government. It's a lose, lose deal.

Wed, 12/08/2010 - 11:56 | 788911 Miramanee
Miramanee's picture

I understand your point. But in an austerity-driven policy making period, what happens to the 200+ million people living close to, or on, the edge? Do the banks just take over and create a new credit structure that reconstitutes the old "debtors prisons" model?

Wed, 12/08/2010 - 12:09 | 788946 honestann
honestann's picture

If "we prevail"?  That would take:

End fiat.
End fake.
End fraud.
End fiction.
End fantasy.
End federal reserve.
End fictitious entities.
End fractional reserve practices.
End federal government of the USSA.

End JPM.
End GoldmanShafts.
Return to pure gold standard.
Shut down all governments worldwide.
Shut down all central banks worldwide.
Shut down all large banks and financial institutions.
Cancel all debts denominated in federal reserve notes.
Hang 27 million financial predators for fraud and treason.

Ahhhhhh.  What a thought.  If "we prevail", humans would have a chance to live "the good life" once again.  And no austerity is needed.  What a concept.

Wed, 12/08/2010 - 11:44 | 788838 Kaiser Sousa
Kaiser Sousa's picture

i aint really n the mood for laughter about shit that has to do with the life and death of so many people....disappointed there wasnt much commentary on what happened to the metals yesterday...but its cool Tyler....anyway for those interested....

To: bchilton@cftc.gov   div { margin: 0px; }
Bart  -
People  r being financially harmed n the midst of what will prove to be one of the most devastating economic cataclysm this country has experienced by virtue of what occurred today n the Gold & Silver fraudulent paper markets.   There is no fundamental market specific justification or greater macro-economic explanation  PERIOD for the price movements n either metals on this day.   Do the citizens of this country have no advocate whomsoever who will protect them from blatant market manipulation perpetrated by JP Morgan & HSBC in there quest to further rob and destroy.  How much of the peoples savings need be destroyed by the bankers before someone takes substantive steps to end the pillaging. 

From an open of 30.64 to an high off 30.75 was Silvers performance only to be naked shorted to 28.66 by the days end continuing into the access markets.   This in what we all know is an environment where "real money" free of bankers ruin should be multiples its current phony paper valuation.  Tough talk, obliquely referencing the fraud we all know is occurring is not enough.  The savers of this country who believe n the constitutional definition of real money and why it is directly tied to the liberty of the citizenry need unambiguous, firm and pronounced action. Please do what is right....

Respectfully,
one of many From: "Chilton, Bart" <BChilton@CFTC.gov> Looking at it. Thx.
B

Wed, 12/08/2010 - 11:46 | 788865 Revolution_star...
Revolution_starts_now's picture

"PM's hammered again. JPM revenge?"

 

Bubles are made to pop. They are also very profitable. Ben is pushing the risk, you can't make any money in a savings account, that's what they want. ben doesn't care if you buy gold or bonds or equities. He only wants you in a place where his buddies can mug you. You can't mug a savings account, hard to scalp a CD holder. He can't steal enough via inflation to cover his buddies( that would be the normal mugging of a savings account), so he forces capital into a position where it can be taken. Interest rates are not a zero to boost the economy, they are there to force capital into a position where it can be mugged, stolen and used to cover the bad bets on the banks.

The economy will be in the dumps until enough capital has been stolen to cover the bad bets the banks made. Cull sheep and repeat, that is th emarket until they are made whole and are back in a position that allows them to control the whole ball game. If they can't control it, there will be no ball game. Until we end the fed that is.

Wed, 12/08/2010 - 11:53 | 788897 johnnymustardseed
johnnymustardseed's picture

I hate getting used to being mugged though!

Wed, 12/08/2010 - 12:19 | 788988 velobabe
velobabe's picture

try getting use to being raped.

mugged is a cake walk.

Wed, 12/08/2010 - 11:50 | 788875 greenewave
greenewave's picture

Order the "NEW SCREW BRICK" Today for 5 Easy Payments of $19.99 !!

Why let the Big Banks Screw You When You Can Screw Yourself!?

Watch the video at (http://www.youtube.com/watch?v=MzSSyGE95kw)

Wed, 12/08/2010 - 11:59 | 788924 Trifecta Man
Trifecta Man's picture

Maybe we can just make the Zimbabwe currency legal in the US.  It's already printed up, so it will reduce our production costs.  Now that's a Quantitative Easing.

Wed, 12/08/2010 - 12:01 | 788936 TraderMark
TraderMark's picture

Food stamp usage crosses 14% of Americans, almost 1 in 7 as "recovery" rolls on.  16.2% increase year over year

 

http://www.fundmymutualfund.com/2010/12/foodstamp-usage-nearing-1-in-7.html

Wed, 12/08/2010 - 12:11 | 788963 sbenard
sbenard's picture

In all my years, I don't think I've ever seen a more clear-cut case of LYING by a politician or bureaucrat! Fed cred... is dead!

Impeach Bernanke NOW!

Wed, 12/08/2010 - 12:19 | 788989 toathis
toathis's picture

Why Impeach? The market is 80% off the lows- quite impressive after we almost fell off the ecnomic cliff into a second American Depression.

The Recession is over... Unemployment is still high, but Bernanke already "done" his work to save the economy. THE DOOM IS OVER.

Obama is acting like a saint. I expect him to win even bigger come 2012 when the economy is in even better shape.

Ben deserves our gradititude. Gold is now collapsing, as expected. A lot of people are about to lose their shirts. YOU WERE WARNED!

Wed, 12/08/2010 - 12:14 | 788972 omer10
omer10's picture

Why is bank index BKX up 1% when 10 Y yields go berserk?

Is it because the will still pay 0 from deposits, FED money, but charge more for loans, mortgagae?

Apart from PM, commodities, oil, soft not coming down much, so inflation prospects on

Could this be the plan from the beginning? Screw publec both ways? Continue to pay no interest fro deposits, charge higher for loans, and drive the blowtorched sheeple as u say, from Tbond investments, and PM, those who got in last months to equities?

 

Wed, 12/08/2010 - 12:20 | 788994 M. Barr
M. Barr's picture

WikiLeaks cables: US 'lobbied Russia on behalf of Visa and MasterCard'

 

http://www.guardian.co.uk/world/2010/dec/08/wikileaks-us-russia-visa-mastercard

 

 

Wed, 12/08/2010 - 12:33 | 789031 IMA5U
IMA5U's picture

He is an idiot. 

 

Bernake is Obama's b1tch.  And yet he's part of the ObamaNation PR Army.

 

It is comedy that people find him witty.

Wed, 12/08/2010 - 12:33 | 789034 In Fed We Trust
In Fed We Trust's picture

I think it was 1990 when Soros "broke the Bank of England" to the tune of a 9 billion dollar profit.

Who says he cant break the FEd?

Maybe they are working together to kill the green back?

Where , does the fool live anyway?  I always assumed he spent all his time on a yatch traversing the world over, thinking , thinking , ........and some more thinking 

 

Wed, 12/08/2010 - 12:38 | 789050 stoverny
stoverny's picture

Reminds me of the classic Louis CK bit about being broke:

http://www.youtube.com/watch?v=J0rSXjVuJVg

 

Wed, 12/08/2010 - 12:51 | 789083 system failure
system failure's picture

The same people who laugh at this, are the same ones who:

1) Accept the TSA agents 4th ammendment rights violatons

2) Accept that Wikeleaks CEO being arrested was a good thing

3) Accept that the dollar losing value to boost exports is okay

4) Accept that Obamacare is a good thing

5) Accept that our borders are free to cross

6) Accept that our national secrets should be kept with Obama's birth ceritificate rerords as well as his college transcripts where they will be safe from pubic disclosure

7) Accepts that QE 2 is a good thing to save our country

8) Accepts that Bendover is doing a great job

9) Accepts that its okay for Pelosi have her Jet to fly non-stop to CA

10) Accepts that Arizona is wrong for their law eforcements against illegal aliens when the Federal government does nothing to help

11) Accpets that Oklahoma is wrong for going against advice from the ACLU and Federal government for stepping across the line with what this country was based on

12) Accepts that everything is okay and the Federal Government supports them and will take care of them.

Wed, 12/08/2010 - 13:16 | 789154 homegr0wn
homegr0wn's picture

Wow... people who laughed at that are all those things? I never knew.

Ever thought of being a jury consultant?

Wed, 12/08/2010 - 13:49 | 789250 Melville1977
Melville1977's picture

I see your point. It is very sad that our society is turning to comedians (e.g. Maher, Stewart, Colbert) for information and leadership (e.g. Rally for sanity and/or fear).

Wed, 12/08/2010 - 21:35 | 791110 penisouraus erecti
penisouraus erecti's picture

etc

Wed, 12/08/2010 - 21:34 | 791111 penisouraus erecti
penisouraus erecti's picture

13) get mad enough about DWTS to shoot their TV's

14) Can't miss an episode of Glee

etc......

 

Wed, 12/08/2010 - 13:49 | 789246 buzzsaw99
buzzsaw99's picture

stewart, lebo, and bennie b. probably have a (different) big laugh at the synagogue. laugh it up goyim, it's all at your expense.

Wed, 12/08/2010 - 13:52 | 789260 Bring the Gold
Bring the Gold's picture

See what I mean? It's all over ZH now. Tyler you need to address this at some point, its getting out of control. 

Wed, 12/08/2010 - 13:48 | 789248 Melville1977
Melville1977's picture

I already knew about whole "money printing" fiasco from watching people like Peter Schiff and Max Keiser. I lost a lot of interest in Stewart after learning of his private meeting with Sec. Geithner and his brother's position at the NYSE.

Wed, 12/08/2010 - 13:54 | 789267 kaiserhoff
kaiserhoff's picture

Washington operates like a cowardly, nearly starving wolf pack.  Everyone is your friend and ally, until they detect the slightest sign of weakness...

Getting laughed at is not cool.  The Bernanke is in deep shit.

Even better, this wounds the whole Fed enterprise.  Sunlight is a great disinfectant.

Wed, 12/08/2010 - 14:56 | 789465 TruthInSunshine
TruthInSunshine's picture

Sunlight is an amazing disinfectant, and there's lots and lots of toxic black mold overunning D.C., Manhattan, the SCOTUS, & the Federal Reserve Bank.

Air Ben BernBankScheme out under the desert sunlight.

Wed, 12/08/2010 - 13:58 | 789284 Magic Mamaliga
Magic Mamaliga's picture

Good Aftermorning gentlewhats and lady friends!

I am communicating from inside of holle in grownd of kazakhstan.  Government amerika is looking for me.  Boratt film, great success, is for changing looks at government stealing, to looks at movie madness and amerika nos this now.  see this, this, and this (ha, washington, i don't know how u do what u do...)

Enough BS... i've been reading zerohedge for a while now.  I'm going to be the new guy with lot's of misguided questions so please bear with me.  I'm flabbergasted that the average joe doesn't quite "get it" that we aren't out of the woods yet let alone on any discernable path toward a long-term, sustainable solution.  I am aware that the status quo can't continue and that something has got to give.  I've noticed that real conversation regarding these facts can be had here so here i be...

Does anyone else try to explain this shit to anyone and get gobsmacked by the empty stares returned?  Everyone is so busy trying to make a living that, ever increasingly, will be eaten by rising debt, rising fuel and food costs, and rising taxes that they don't have time to make and effort and understand reality.  Perusing comments sections of newspapers allows one to realize that most people are so busy justifying their allegiances to political parties.  I can see that cognitive dissonance (an uncomfortable feeling caused by holding conflicting ideas simultaneously) is what forces these people to erase truths and allow them to continue in their beliefs.

Anyways, I feel like WE ARE FOOOOKED.  I really hope not, because i like my friends, family, and neighbours, and believe it or not, care enough for those that don't fit in the previously mentioned categories that I hope they have an opportunity of a life on this planet without being raped and pillaged.  Sheeple...

"If we understand the mechanism and motives of the group mind, is it not possible to control and regiment the masses according to our will without their knowing about it? The recent practice of propaganda has proved that it is possible, at least up to a certain point and within certain limits." Edward Bernays

The "certain point" has passed the moon to the stars and the "limits" have become endless now that people are herded, en masse, toward conclusions through the urgings of MSM.

Wed, 12/08/2010 - 15:55 | 789698 UpShotKnotHoleGrable
UpShotKnotHoleGrable's picture

 

 

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