Did Bill Gross Just Confirm On Live TV He Has An "Advance Look" At Non-Public Fed Data?

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Wed, 09/22/2010 - 14:23 | 597866 morph
morph's picture

Didn't you mention this fed downgrade of GDP yesterday?

Wed, 09/22/2010 - 14:47 | 597950 curbyourrisk
curbyourrisk's picture

Yeah ....  What he said.


I think The Kudlow show last night had a mention of it too...

Wed, 09/22/2010 - 15:30 | 598119 boooyaaaah
boooyaaaah's picture

The Mother Of All Conspiracy Theories

The Fed was involved


Titanic sunk by steering mistake, author says
    Reuters – The RMS Titanic in what is thought to be the last known image of the ship as she sets sail from Queenstown … – Wed Sep 22, 11:50 am ET

    LONDON (Reuters) – The Titanic hit an iceberg in 1912 because of a basic steering error, and only sank as fast as it did because an official persuaded the captain to continue sailing, an author said in an interview published on Wednesday.

    Louise Patten, a writer and granddaughter of Titanic second officer Charles Lightoller, said the truth about what happened nearly 100 years ago had been hidden for fear of tarnishing the reputation of her grandfather, who later became a war hero.

    Lightoller, the most senior officer to have survived the disaster, covered up the error in two inquiries on both sides of the Atlantic because he was worried it would bankrupt the ill-fated liner's owners and put his colleagues out of a job.

    "They could easily have avoided the iceberg if it wasn't for the blunder," Patten told the Daily Telegraph.


    Click image to see recent Titanic expedition photos

    AP/Premier Exhibitions, Inc.-Woods Hole Oceanographic Institution

    "Instead of steering Titanic safely round to the left of the iceberg, once it had been spotted dead ahead, the steersman, Robert Hitchins, had panicked and turned it the wrong way."


    Patten, who made the revelations to coincide with the publication of her new novel "Good as Gold" into which her account of events are woven, said that the conversion from sail ships to steam meant there were two different steering systems.

    Crucially, one system meant turning the wheel one way and the other in completely the opposite direction.

    Once the mistake had been made, Patten added, "they only had four minutes to change course and by the time (first officer William) Murdoch spotted Hitchins' mistake and then tried to rectify it, it was too late."

    Patten's grandfather was not on watch at the time of the collision, but he was present at a final meeting of the ship's officers before the Titanic went down.

    There he heard not only about the fatal mistake but also the fact that J. Bruce Ismay, chairman of Titanic's owner the White Star Line persuaded the captain to continue sailing, sinking the ship hours faster than would otherwise have happened.

    "If Titanic had stood still, she would have survived at least until the rescue ship came and no one need have died," Patten said.

    The RMS Titanic was the world's biggest passenger liner when it left Southampton, England, for New York on its maiden voyage on April 10, 1912. Four days into the trip, the ship hit an iceberg and sank, taking more than 1,500 passengers with it.

    Wed, 09/22/2010 - 16:03 | 598237 Almost Solvent
    Almost Solvent's picture


    Wed, 09/22/2010 - 17:43 | 598547 TeamAmerica
    TeamAmerica's picture

    WTF are you posting this here?   Utter BS anyway.   Titanic did not "continue sailing", and the reversal of the rudder was an attempted "port around" maneuver...nothing incorrect about it other than being way too late.

    Buy hey, there are some eerie similarities between Titanic and our economy, like people at first not recognizing the ship was sinking...or refusing to believe that it ever could.

    Wed, 03/09/2011 - 12:24 | 1033193 Reptil
    Wed, 09/22/2010 - 14:24 | 597872 TheMonetaryRed
    TheMonetaryRed's picture

    You're surprised that people who manage trillions have access to non-public information?




    How did you think things worked?

    Wed, 09/22/2010 - 14:27 | 597874 hedgeless_horseman
    hedgeless_horseman's picture

    While in this country, whose corruption has reached a level that is unprecedented in history, nothing would surprise anymore, perhaps the Fed would at least do the right thing and share the fact that the economy is collapsing not just with the preferred monopolistic purchaser of USTs and MBS, but with all those who naively continue to buy stocks in the hope that a rebound may be "just around the corner."

    Wed, 09/22/2010 - 14:31 | 597901 TheMonetaryRed
    TheMonetaryRed's picture

    Yes, but this still implies that it could possibly be a surprise and that corruption "has reached" this level, like, recently - like this is something new. 

    When is it that people imagine things didn't work this way?

    Back when gold was money, like, at the time of the Medici? 



    Wed, 09/22/2010 - 14:40 | 597928 Xedus129
    Xedus129's picture

    Yeah, the Medici still "bought" themselves a pope.  PMCs were all the rage then too..

    Wed, 09/22/2010 - 16:06 | 598249 doolittlegeorge
    doolittlegeorge's picture

    indeed they were.  indeed they were.

    Wed, 09/22/2010 - 14:55 | 597972 SheepDog-One
    SheepDog-One's picture

    No one 'SURPRISED' by it, just now proven what everyone DENIED a year ago that its all nothing but a rigged scam. 

    Wed, 09/22/2010 - 15:02 | 597997 TheMonetaryRed
    TheMonetaryRed's picture


    Wed, 09/22/2010 - 15:02 | 598002 TheMonetaryRed
    TheMonetaryRed's picture

    "Just now"??????

    Oh, I get it. Now I see where you guys are coming from. Back in the '80's, with all that "free market," "competition" and "meritocracy" stuff? You bought that?

    Yeah, um, not so much. Let me explain it to you simply: there was a contest between Capital and Labor. Capital won. You are not Capital. Sorry.

    Now, of course, it's a contest between Capital and Democracy. So far, a toss-up. 

    Wed, 09/22/2010 - 15:39 | 598155 faustian bargain
    faustian bargain's picture

    No, it's a contest between the fake capital and real capital.

    Wed, 09/22/2010 - 19:33 | 598781 TheMonetaryRed
    TheMonetaryRed's picture

    Let me guess: because you're buying gold, you are "real capital". 

    Yeah...well...I'll let them know. 

    Wed, 09/22/2010 - 15:48 | 598188 Ricky Bobby
    Ricky Bobby's picture

    Marxism is the answer. Men are either slaves to the Capitalists or to the State. Fuck that.

    Wed, 09/22/2010 - 19:09 | 598747 Diogenes
    Diogenes's picture

    "Now, of course, it's a contest between Capital and Democracy. So far, a toss-up. "

    Democracy ended when they figured out how to rig the voting machines. Have you ever noticed how often a candidate can be behind in the polls before an election, win the election, then be behind in popularity after the election? That only started after the voting machines came in.

    That's why they don't give a damn what the public thinks anymore. Their votes are irrelevant. What counts is having enough money for a first class advertising campaign and, in a tight contest, the right guy counting the votes.

    Wed, 09/22/2010 - 15:07 | 598032 Ripped Chunk
    Ripped Chunk's picture

    "While in this country, whose corruption has reached a level that is unprecedented in history"

    Nonsense Sir!  We have only begun to scratch the surface of how corrupt it will get.

    Wed, 09/22/2010 - 14:29 | 597889 packman
    packman's picture

    The surprise isn't that they have the information - the surprise is that one of them admitted it on nationwide TV.

    Wed, 09/22/2010 - 14:34 | 597915 TheMonetaryRed
    TheMonetaryRed's picture

    Dude, what direction do you think this information flows?

    From the Fed to PIMCO?


    Who owns the cup of tea containing the leaves Bernanke and the FOMC are reading?

    Wed, 09/22/2010 - 14:56 | 597980 SheepDog-One
    SheepDog-One's picture

    Youre so smart and know it all MonetaryRed why dont YOU start submitting your articles here lets see what you got!

    Wed, 09/22/2010 - 15:07 | 598033 TheMonetaryRed
    TheMonetaryRed's picture

    Be happy to. 

    First I had to figure out where you guys are coming from. Everyone says you guys are conspiracy theorists, but I don't think that's true at all. I find I would have to reduce the level of cynicism in my writings a bit. 


    Wed, 09/22/2010 - 15:40 | 598154 RockyRacoon
    RockyRacoon's picture

    Create content

    I probably won't be able to understand your erudite article, however.  I'm just hanging around here to irritate people and generally stink up the place.

    Wed, 09/22/2010 - 16:04 | 598240 Cognitive Dissonance
    Cognitive Dissonance's picture

    And doing a fine job I might add. :>)

    Thu, 09/23/2010 - 05:15 | 599358 Hephasteus
    Hephasteus's picture

    I failed underSTANDing class because it had assigned seating and I never got credit because I was standing in the corner.

    Wed, 09/22/2010 - 16:06 | 598243 Cognitive Dissonance
    Cognitive Dissonance's picture

    Be happy to. 

    First I had to figure out where you guys are coming from. Everyone says you guys are conspiracy theorists, but I don't think that's true at all. I find I would have to reduce the level of cynicism in my writings a bit. 

    And someone called me arrogant. Can I take lessons?

    BTW who is "everyone" and can I meet them?

    Wed, 09/22/2010 - 17:19 | 598497 knukles
    knukles's picture

    Talkin' to me?  You talkin to me?  You must be, 'cause I'm the only conspiracy theorist in the room."

    Wed, 09/22/2010 - 18:00 | 598587 RichyRoo
    RichyRoo's picture

    pfft ur a ptb mole, they PAID you to say that!

    I am Spartacus!

    Wed, 09/22/2010 - 21:16 | 598964 UncleFester
    UncleFester's picture

    Just because I'm paranoid, doesn't mean they aren't out to get me.

    Wed, 09/22/2010 - 23:32 | 599138 Lonewar
    Lonewar's picture

    Psst, Uncle Fester,

    It's worse than you ever imagined, and they already have you...

    Thu, 09/23/2010 - 05:20 | 599359 Hephasteus
    Hephasteus's picture

    We're coming from the corner of where Jung believes a paradoxical mind is a sign of a superior intellect and the psychotic break caused by logic carpet bombing it.

    Wed, 09/22/2010 - 15:07 | 598030 Saxxon
    Saxxon's picture

    Not sure why your message was junked.  And you appear to have an attractive figure in a 1960s pinup way.

    Wed, 09/22/2010 - 15:22 | 598086 TheMonetaryRed
    TheMonetaryRed's picture

    Even we 60's pinups will pay the price for going against the crowd in the...overly tart?...way I have chosen. 

    Wed, 09/22/2010 - 15:45 | 598169 RockyRacoon
    RockyRacoon's picture

    You've not seen pladizow's avatar yet? 

    I think, unless you change the tone of your comments, you'll just get junked for attitude.  Just realize that you are not the only one who has access to facts, and that the same facts can garner differing opinions.  Yours is not the gospel.

    Wed, 09/22/2010 - 16:44 | 598390 iDealMeat
    iDealMeat's picture

    mmmmmmmmmmm pladizow's avatar.. There's something I can sink my handle into..

    Wed, 09/22/2010 - 16:53 | 598424 RockyRacoon
    RockyRacoon's picture

    Getting a little urge to hide some sausage?

    Say, ZH rulers, I have been the 100,000th visitor and "WON!" some shit for the 37th time.  Some dude is yelling at me on my computer and it's irritating.  Any way to tone down the advertising?

    Wed, 09/22/2010 - 22:52 | 599082 StychoKiller
    StychoKiller's picture

    Check this out:


    Install it according to the directions, advertising doesn't even get loaded by your browser!


    Wed, 09/22/2010 - 19:36 | 598785 TheMonetaryRed
    TheMonetaryRed's picture

    Yes, I do have a horrendous attitude. It's a failing that has been noted before. 

    See, even then I was sort of trying to apologize but came off snotty. 

    Wed, 09/22/2010 - 21:19 | 598972 UncleFester
    UncleFester's picture

    Is she taking a dump in a red sombrero?

    Wed, 09/22/2010 - 14:26 | 597873 knukles
    knukles's picture

    When conspiracy theories cease being of a theoretical....

    That good old third standard deviation persistence effect...

    Wed, 09/22/2010 - 14:51 | 597964 mikla
    mikla's picture


    This is hardly a surprise (of course we all knew it), but Tyler is tongue-in-cheek questioning the scenario because it was expected that Bill Gross, as a Gentleman, would kindly adhere to the rules of Gentlemen and not say such things in public.  (We all know they conspire illegally, but they are not supposed to rub the public's nose in it.)

    I've long been mystified that society thinks it "normal" for a few guys to hold a meeting, without review, and then announce to the world what should be the price of money.  The fact that everybody expects this as "normal", and yet the CNBC bobbleheads refuse to acknowledge that this is a centrally planned economy ... well, that's just insanely stupid to me. Of course, as we all know, Bill Gross is at the table.  Greenspan at numerous times over the years admits to even telephoning people ahead-of-the-action so they could front-run the market (under the guise of "ensuring stability" as somebody would be assured a profit by taking the opposite side of the trade demanded by the lemmings, herded by the annoucement of Fed action.)

    Assertions that we are a centrally planned economy are defensible.  Assertions that we are not are just stupid.

    Wed, 09/22/2010 - 15:25 | 598090 Spalding_Smailes
    Spalding_Smailes's picture

    I've long been mystified that society thinks it "normal" for a few guys to hold a meeting, without review, and then announce to the world what should be the price of money.


    Bilderberg Club

    Bohemian Grove


    "For we are opposed, around the world, by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence; in infiltration instead of invasion; on subversion instead of elections, on intimidation instead of free choice; on guerillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific, and political operations. Its preparations are concealed not published. Its mistakes are buried, not headlined, its dissenters are silenced, not praised; no expenditure is questioned, no rumor is printed, no secret is revealed."

    -John F. Kennedy, April 27, 1961

    Wed, 09/22/2010 - 16:12 | 598264 Cognitive Dissonance
    Cognitive Dissonance's picture

    But...but...but that means John F Kennedy was a conspiracy theorist. Oh my God, say it ain't so. There's no such things as conspiracies. My mainstream media tells me this all the time. At least the kind about government and/or corporate corruption, manipulation, treason, false flag attacks.....

    Ops, sorry. There I go again with my conspiracy theories. At least now I can blame it on JFK.

    Thu, 09/23/2010 - 08:17 | 599440 blindman
    blindman's picture

    thoms jefferson was a major conspiracy theorist and i think he

    was correct.

    Thu, 09/23/2010 - 10:29 | 599734 jomama
    jomama's picture

    the last president this country had.  they blew his brains out for it. it's no wonder every president since then has towed the line.

    Wed, 09/22/2010 - 17:28 | 598522 Arthor Bearing
    Arthor Bearing's picture

    JFK was speaking about the importance of media discretion in reporting stae secrets and troop movements to a gathering of reporters when he said those words. The vast conspiracy he's referring to is Communism, specifically the COMINTERN

    Wed, 09/22/2010 - 17:29 | 598523 Arthor Bearing
    Arthor Bearing's picture

    Sorry double post

    Wed, 09/22/2010 - 21:24 | 598979 UncleFester
    UncleFester's picture

    And what do you call this spectacle unfolding?

    Wed, 09/22/2010 - 14:27 | 597881 T Rex
    T Rex's picture

    Why are you asking us?

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