Bill Black On Foreclosuregate: Calls For The Immediate Termination Of Bernanke, Geithner And Holder

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Mon, 10/25/2010 - 19:06 | 676309 Bob
Bob's picture

What to do, what to do?

Black for President. 

Mon, 10/25/2010 - 19:09 | 676313 GS is short Gold
GS is short Gold's picture

we already have a black President.

Mon, 10/25/2010 - 19:19 | 676324 Bob
Bob's picture

True Black is more than skin deep. 

Mon, 10/25/2010 - 20:22 | 676484 flacon
flacon's picture

From SGTbull07:

SILVER REPORT: FRAUD, CORRUPTION & QE TO INFINITY

http://www.youtube.com/watch?v=mtxSM0dw7YY

Mon, 10/25/2010 - 20:26 | 676491 High Plains Drifter
High Plains Drifter's picture

If you go black, you won't go back.

Mon, 10/25/2010 - 21:09 | 676577 Ras Bongo
Ras Bongo's picture

LOL!

Mon, 10/25/2010 - 22:40 | 676754 rocker
rocker's picture

Yeah. What the Fuck is this. Many belong in JAIL.  And that starts with Hank Paulson, under Bush.

And it continues with Lloyd Blankfein and Neel Kashkari.  Who's got the balls. So now we talk about Black.

Simply Pitiful.  Black, White, I don't care. Put the crooks in Jail. Start with the triplets.

And then continue with Bernanke and Giethner. Add a little Phil Gramm and Snow. Just getting started. Yup.

Mon, 10/25/2010 - 23:19 | 676811 goldfish1
goldfish1's picture

Public hangings ala mussolini.

Mon, 10/25/2010 - 23:25 | 676823 flacon
flacon's picture

Infections with biological agents and caged in a lab for observation.

Mon, 10/25/2010 - 23:27 | 676826 rocker
rocker's picture

I thought it should be Paulson, Kashkari, Blankfein, Bernanke, and Geithner who should be hung.

Oh Yeah, I forgot the other scumbag, Hank Greenberg from AIG.  What a puke.

Tue, 10/26/2010 - 05:59 | 677124 Andrew G
Andrew G's picture

Duplicate post

Tue, 10/26/2010 - 05:57 | 677125 Andrew G
Andrew G's picture

Instead of hanging, you could just make each one of them eat 1M dollars. In small denominations.

Tue, 10/26/2010 - 06:55 | 677139 Conrad Murray
Conrad Murray's picture

Public hangings ala mussolini

Mussolini was not hung: http://www.youtube.com/watch?v=C0pO23w75SI

Tue, 10/26/2010 - 08:29 | 677199 BorisTheBlade
BorisTheBlade's picture

Technically he was, but only after being shot.

Tue, 10/26/2010 - 14:39 | 678221 MaldelBot
MaldelBot's picture

Hangings are only ok if the noose is tied around their balls. I assume they are mighty large???

Tue, 10/26/2010 - 09:10 | 677282 orangedrinkandchips
orangedrinkandchips's picture

rocker...I hear you! We all speak the same language....Jail is too good...Im thinking French Revolution! Heads need to roll...

But really it's all about short-term vs. long-term. I believe if we want to continue as a going concern as a nation, we need to changes horses here in mid-stream.....right now. However, if they do not care or foolishly think the short term will take care of the longer term, then contuinue the ride to hell in a bucket....(im enjoying the ride!)

What is fearfully obvious is that The Fed has lost control. Fuel inflation so they have a reason to hike rates which is the only thing they have....now that rates are negative The Fed's last stand is the equity markets.

Can you NOT feel the tension and pull in the markets daily? the so-called PPT cannot prevent these flash crashes but they are ALWAYS picking it up after a fall....

The Fed has deemed themselves one giant sponge! Soak up the extra shares....

 

but cmon...someone has a shitload of inventory and it's not the HFT jack-fucks either!

I have a feeling this market action going in a NW action in a tight range just like 2004-2007...fighting the desperate fed....that is how the phrase should read.

 

 

Mon, 10/25/2010 - 21:20 | 676598 Bob
Bob's picture

We're still waiting on Barry.

Mon, 10/25/2010 - 21:44 | 676639 DaveyJones
DaveyJones's picture

what we need are some white kids from Dublin

http://www.youtube.com/watch?v=o_aO9pv0Y7I

Tue, 10/26/2010 - 00:44 | 676919 Arkadaba
Arkadaba's picture

Nah just more like this:

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

 

Tue, 10/26/2010 - 06:48 | 677137 Troy Ounce
Troy Ounce's picture

 

Come on guys: stop the black humor.

Tue, 10/26/2010 - 10:57 | 677622 tamboo
tamboo's picture

is he black? islamic? white? the polls curiously avoid another category, lol.

http://etherzone.com/2009/mako100909.shtml

wrt my avatar see:

http://tracker.zaerc.com/torrents-details.php?id=15190

Mon, 10/25/2010 - 19:40 | 676383 NOTW777
NOTW777's picture

how about if we forget skin color, nationality, ethnic background, sex, etc

and pick someone on the merits - someone who will advocate for the good of the US as a nation and the good of its people, for whats right and based on common sense.

Mon, 10/25/2010 - 20:05 | 676436 chopper read
chopper read's picture

Abe Lincoln would have never gotten elected these days.  he didn't play the saxaphone, his skin was quite wrinkly, and he just didn't seem like someone a gal would want to date.  way too serious.  

Mon, 10/25/2010 - 20:41 | 676516 Ludwig Van
Ludwig Van's picture

 

If they've got us by the FRNs, let 'em have the stinkin' FRNs. It's a feint away from the real, the metal. That's the vote they're afraid of.

 

Mon, 10/25/2010 - 22:36 | 676742 chopper read
chopper read's picture

a protest into gold breaks the back of the fraudulent welfare state and ends the reign of terror created by central planners. 

Mon, 10/25/2010 - 23:29 | 676830 Popo
Popo's picture

Gold will certainly cause some problems, but not enough of a problem as they can legislate gold ownership. They have done it before and they *will* do it again.

In the modern era, there is one and only one weapon which scares the bejesus out of government, and it is a tax-revolt among even a small percentage of Americans.

That day is coming.

Tue, 10/26/2010 - 01:39 | 676968 chopper read
chopper read's picture

a tax revolt comes from refusing to invest capital for the purpose of income or capital gains.

as it relates to gold ownership being made illegal, i do not care as i will not comply.  I will defend myself with force if anyone attempts to take my property.  they have done this once to my ancestors. never again.  i will not allow it.  this is the cost of liberty. 

Tue, 10/26/2010 - 01:01 | 676935 TheMonetaryRed
TheMonetaryRed's picture

HAHAHA!

Buying gold will "break the back of the fraudulent welfare state". 

Yeah, pay Goldman Sachs cash for some of their gold so you can bury it in the back yard. 

That'll show 'em. 

Funny.

You libs are funny, funny people. 

 

Tue, 10/26/2010 - 01:55 | 676979 chopper read
chopper read's picture

why bury gold when you can trade it for things that you want?

when we stop transacting in fiat currency then our resources cannot be fractionally (reserve) lent.  Converting to 1 ounce of gold from an existing bank account removes approximately $10,000 of M3 from the system by pressuring banks to further recall loans in order to meet reserve requirements, and diminishes the value of existing M1 further through dilution as the gold vendor deposits the new fiat into a new bank.  Unless the new bank loans this money, then the $1,350 sits dormant.  In order for the system to work, banks must be making more loans then they are recalling.  Gold conversion on a massive scale cripples these efforts.   

if enough folks do this it will break the back of the welfare state by forcing economic contraction and the subsequent tax revenue contraction.  

no tax revenue, no welfare state.  got it?

aren't you the same idiot that defends Keynesian economics?  

Tue, 10/26/2010 - 01:58 | 676982 Oracle of Kypseli
Oracle of Kypseli's picture

These guys print their own money. They do not need our taxes. The better thing to do is to sell all stocks and stay out of the market. They can not have a market without us.

Unfortunately, investing has become gambling and most people can not stop. Ask yourselves. Can I stop? If not you are a gambler.

Tue, 10/26/2010 - 02:06 | 676987 chopper read
chopper read's picture

when productive workers convert all non-working capital to precious metals it both cripples the system and drives up the fiat value of the metals which are bought. 

Big-Government-Welfare-loving Robin Hood do-gooder dipshits like The Monetary Red need us very, very badly.  He certainly cannot be generous without our wealth as he would never think to donate his own.  

Tue, 10/26/2010 - 02:06 | 676989 Oracle of Kypseli
Oracle of Kypseli's picture

Better yet, if you want to bring them down

Stop all health insurance payments. If sick start calling doctors and bargain, it's cheaper. Don't forget, insurance companies are financial institutions and capitalize on human fear. If you are sick prone stay in the system.

Case and point, a set of X-rays for my daughter were billed to the insurance for $1400. 20% copay=$280. Same set of x-rays negotiated in cash with no insurance involved, $148.

Take all your cash out of the big banks.

Sell all stocks.

Buy silver and gold coins

None of the above is illegal.

Tue, 10/26/2010 - 02:09 | 676991 chopper read
chopper read's picture

well put. 

Tue, 10/26/2010 - 04:35 | 677111 TheMonetaryRed
TheMonetaryRed's picture

Last first, I'm no Austrian, but I certainly do not defend either Republi-Keynesianism or Demo-Keynesianism at this point. 

Forget tax revenue. The government will borrow and print what it needs. That goes back to the Revolutionary War. 

If you want to bring the system down it's simple: pull your money out of the bank and stop paying your debts. Coordinated non-payments of consumer credit combined with a run on consumer deposits would bring down any bank within a few weeks at most.

Tue, 10/26/2010 - 11:20 | 677680 chopper read
chopper read's picture

a run on cosumer deposits

...converted into gold for safe keeping.  so you agree.  "a protest into gold breaks the back of the fraudulent welfare state and ends the reign of terror created by central planners." 

Goldman Sachs is no match for the Bank of China if they were to dump fiat toilet paper and buy gold (as they may be doing secretly right now).  The Bank of India is doing this as we speak with the $USD, and so are others. 

the welfare state cannot exist without keynesian money printing.  keynesian money printing is dependent upon infinite amounts of loans expanding exponentially.  obviously, this is not sustainable.  The pain is coming.

How much pain?  enormous amounts the longer we allow this fraud to be drawn out over years and years.  I would not be surprised if by this winter or next, old folks are freezing to death because they must choose between paying their heating bill or eating bread.  

this is a sick, twisted system of fraud, with the promise of "free lunches" all around and a "chicken in every pot".  Obviously, this promise is going to be broken. 

the "right" thing to do is to "starve the beast" by withdrawing true wealth (capital) and buying gold.  This will "break the back" of the fraudulent welfare system sooner rather than later so we can get back to free trade among individuals.  This will better empower us to truly help our neighbors in need.

consider this: if Trillions of $USDs were not tied up in U.S. Treasury Bonds supporting the Welfare State, this capital would be in the private sector because it would have no other place to go.  The Dow Jones Industrial Average would be at 100,000 and everyone would have a helicopter in their back yard.  Hurricane Katrina victims, for example, would not need to rely on central planners who currently have a monopoly on both "force" and incompetence.  The abundance of wealth would increase the generousity of fellow Americans to unseen levels, and dwarf financial outpourings towards Haiti's hurricane victims and Bali's tsunami victims by comparison.

instead, we are paying ever-expanding interest payments on nearly $15 Trillion with approximately $160 Trillion in unfunded liabilities to the further enrichment of The Federal Reserve and extended members of the International Banking Cartel. 

how's that working out?

Tue, 10/26/2010 - 11:30 | 677716 i-dog
i-dog's picture

+1334

Well said, Chop!

Tue, 10/26/2010 - 11:41 | 677757 chopper read
chopper read's picture

thanks, i-dog. 

Tue, 10/26/2010 - 02:15 | 676993 Johnny Dangereaux
Johnny Dangereaux's picture

Hey MonetaryHead-Blow Me!

Tue, 10/26/2010 - 02:21 | 676995 chopper read
chopper read's picture

don't forget to junk him for good measure. 

Tue, 10/26/2010 - 14:45 | 678241 MaldelBot
MaldelBot's picture

Agreed Monetary. The Borg said it best when arguing about gold....

 

"IRRELEVANT"

 

What really needs to change is our structure of borrowing. We need to go from debt based borrowing to public control of funds, a la Greenback system. A gold backed system would still have banksters at the helm, encouraging the government to spend spend spend on war war war. 

 

As Farrakhan said: "[those banksters] are sending your babies....to die....for BULLSHIT. For interest!"

Tue, 10/26/2010 - 14:49 | 678261 chopper read
chopper read's picture

spend spend spend on war war war. 

how does gold encourage this?  please, explain. 

Tue, 10/26/2010 - 15:54 | 678496 MaldelBot
MaldelBot's picture

A system where private interests (banks) control the money supply encourages spending regardless of what it is backed by or if it's backed by anything. Not to mention the fact that it is a very few elite that own almost all the gold. They would control the money supply. 

Private banking is the problem. A system where the government issues its own currency is much more sane. At least in that system printing more money would pay for public goods- there would be no debt. And no external incentives to spend for no reason (war).  Nowadays we don't make a dent on any debt due to astronomical interest payments which solely benefit banksters. 

 

Tue, 10/26/2010 - 19:25 | 678933 chopper read
chopper read's picture

i disagree.  

First, the practices of fractional reserve counterfeiting, fiat money, and centralized money planning, along with Welfare State that these enable, are the problem.  Because these frauds exist, "rich" people gain access to free money (leverage) to which others do not have access, all under the guise of "helping the poor".  Of course, this is "The Greatest Lie Ever Told".  If we eliminate these fraudulent practices, then open up regional economies to competing currencies including gold and silver, we will restore liberty in America.  If we do this, over time, those WITH merit at the bottom will win, and those WITHOUT merit at the top will lose.

As I mentioned above, if Trillions of $USDs were not tied up in U.S. Treasury Bonds supporting the Welfare State, this capital would be in the private sector because it would have no other place to go.  The Dow Jones Industrial Average would be at 100,000 and everyone would have a helicopter in their back yard.  Hurricane Katrina victims, for example, would not need to rely on central planners who currently have a monopoly on both "force" and incompetence.  The abundance of wealth would increase the generousity of fellow Americans to unseen levels, and dwarf financial outpourings towards Haiti's hurricane victims and Bali's tsunami victims by comparison.

instead, we are paying ever-expanding interest payments on nearly $15 Trillion with approximately $160 Trillion in unfunded liabilities to the further enrichment of The Federal Reserve and extended members of the International Banking Cartel. 

The Welfare State cannot exist without keynesian money printing.  keynesian money printing is dependent upon infinite amounts of loans expanding exponentially.  obviously, this is not sustainable.  this is a sick, twisted system of fraud, with the promise of "free lunches" all around and a "chicken in every pot".  Obviously, these promises are on the eve of being broken and leading us ever-closer to economic collapse by the moment.   

MOST IMPORTANTLY, your concerns about the hoarding of gold/silver, in a system where these metals are used freely for trade, are misplaced.  

Consider this: without a Welfare State, for example, unproductive individuals will not procreate because they will not be able to feed their children; and if they do, their children will starve (barring any philanthropic intervention).  This fact will discourage unproductive, anti-social behavior, and encourage productive behavior.  Productive individuals will be paid in the finite amount of gold/silver and move up the socioeconomic ladder.

conversely, productive individuals will have many children, and their gold/silver will be divided among those children.  If the individual children are not productive themselves, then eventually (perhaps over several generations) they will exhaust their inheritence and move down the socioeconomic ladder.  The trajectory will continue until they demonstrate productive behaviour again so that they may be rewarded with gold/silver. 

Of course, rewards can come in the form of other barter assets and services as well (besides gold/silver), anyway, but the outcome is the same.

Importantly, those productive individuals with gold/silver can make individual value judgements as they relate to helping their neighbors in need.  Unlike the Welfare State, they can descriminate between the widow/orphan versus the drug addict. 

A spirit of rewarding that productive behaviour, which perpetuates mankind, and punishing that bad behaviour, which burdens our progress, is the closet we can come to perfecting the organic efficiency and stability of both peaceful free trade and the advancement of civilization within the boundries of earth and beyond.  

Opening up our regional economies to competing currencies, including gold and silver, and eliminating the fraudulent practices aforementioned, will be the greatest step towards restoring liberty in America again where it once flourished.  

Mon, 10/25/2010 - 23:35 | 676834 Popo
Popo's picture

double post...

Mon, 10/25/2010 - 20:08 | 676450 Rasna
Rasna's picture

Great Point NOTW!

Mon, 10/25/2010 - 20:19 | 676473 boooyaaaah
boooyaaaah's picture

"nationalization of Bank of America, and discussing the rampant fraud at the heart of mortgage gate."

Tyler you're sounding more and more and more like the spooky dude (Soros) himself.

 

http://www.theblaze.com/stories/beck-dissects-george-soros-his-mr-potter-moment/

Mon, 10/25/2010 - 22:42 | 676762 jeff montanye
jeff montanye's picture

nationalization (or receivership if you prefer) is the price paid by insolvent banks that have govt insured deposits.  it works better than bank runs or crony capitalism (see u.s. 1931 and nordic countries late '90's vs. japan then and u.s. now).

Tue, 10/26/2010 - 09:06 | 677273 MachoMan
MachoMan's picture

Depends.  If the nationaliaztion is solely to conduct an auction for market price of the assets of a failed institution, then sure, it'll probably be beneficial...  However, if the purpose of the nationalization is nothing more than taking a "share" in the institution, propping it up for a few years, feeding it full of liquidity, and then getting out, effectively not punishing the failure of the institution and at the same time costing tax payers significant money against their will, then it's a different ballgame...  or, worse yet, just selling the assets at pennies on the dollar to members of the club...  (which is the end game here and what will happen unless we somehow grow spines soon). 

At this point, I'm not sure how to feel about nationalization...  It may be our best option, but that might not be saying much...

Tue, 10/26/2010 - 20:12 | 679118 chopper read
chopper read's picture

our centralized banking system of fractional reserve counterfeiting in fiat money that extends to the periphery of TBTFs is a farcical pig in lipstick.  this is NOT "private enterprise", capitalism, or free trade.

There is no reason we should allow for the privatization of profits and the socialization of losses.  

all banks that were insolvent (all of them!) should now be nationalized as they are simply an extension of the fraudulent Federal Reserve, anyway, offering none of the benefits to Americans taxpayers who shoulder all of the risk (with such programs as FDIC "insurance").  

again, the entire system is a scam.  the sooner we get control of all of it, the sooner we can dismantle it.  

I, too, am entirely against communism as we all know (most of us, anyway!) it is doomed to fail, but this hybrid situation where we get all the pitfalls of communism whilst simultaneously enriching corrupt private bankers is the greatest moral hazard ever known to mankind.  

absolutely tragic.  

Mon, 10/25/2010 - 20:46 | 676527 lead salad
lead salad's picture

Agree.  Where can we find someone like that? 

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