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The Federal Reserve Explains... The Federal Reserve In One Easy, Retard-Accessible Video

Tyler Durden's picture




 

The following just released video from the Cleveland Fed, in which the Fed explains the workings of the Fed, does not need much commentary, suffice to say that it likely came to you courtesy of the production and direction talents of Goldman's PR group. It appears the video is supposed to be some form of user friendly PR approach created by the same people that gave you Enron. Alas, some of the biggest roles of the Fed are sadly unaccounted for. We leave it up to you, dear readers, to uncover just what these are but here are some suggestions: buying everything in perpetuity, keeping Goldman solvent in perpetuity, keeping the Fed's shady dealings with other Central banks and primary dealers hidden from the public's eye in perpetuity, keeping fed funds rate at (or below?) zero or below in perpetuity, etc, you get the picture.

 

 

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Wed, 03/03/2010 - 11:32 | 252266 John McCloy
John McCloy's picture

  As of this moment I officially feel like I live in Nazi Germany light.

No Suze Orman for this one?

Wed, 03/03/2010 - 11:38 | 252287 macfly
macfly's picture

Not sure how long it will remain 'light'.

Wed, 03/03/2010 - 14:26 | 252553 dr_teeth
dr_teeth's picture

i just threw up a little bit in my mouth

Wed, 03/03/2010 - 16:03 | 252708 Anonymous
Anonymous's picture

Ummm..... would you buy car from a guy who dressed in a 1950's suit, and who's sales receipt was a napkin?

This video is a splendid display of how outdated the financial minds are. The manual slide show took them longer to create with a pen than a 6 year old could have with either power point or movie maker. What a joke!

Whatever they were spouting, it lost me as the only thing I could think about was "who in their right mind would attempt to make a convincing presentation like this today?" The video taught me the archaic ways of our financial thinkers (losers).

Fri, 03/05/2010 - 00:16 | 254528 Anonymous
Anonymous's picture

me too, at about MBS

Sat, 03/06/2010 - 19:42 | 256417 Anonymous
Anonymous's picture

You are a coked out partisan fan boi if you think this video in any way represents nazi Germany... Governments must manage the money supply of a fiat currency. This is econ 101, nothing mysterious or even that interesting. What is the big conspiracy theory here???

Wed, 03/03/2010 - 13:20 | 252450 Anonymous
Anonymous's picture

I tried to post this as a video response:
http://www.youtube.com/watch?v=iYZM58dulPE

...but it won't allow it.

They're also moderating comments.

Wed, 03/03/2010 - 11:33 | 252268 Anonymous
Anonymous's picture

Disgusting !

America the country of morons !

Wed, 03/03/2010 - 12:14 | 252347 Missing_Link
Missing_Link's picture

Hardly.

America, the country whose leaders think its citizens are morons.

May I suggest they are due for a rude awakening.

Wed, 03/03/2010 - 14:17 | 252540 tip e. canoe
tip e. canoe's picture

may i second that

Wed, 03/03/2010 - 14:51 | 252580 carbonmutant
carbonmutant's picture

I already have Champagne on stash for November.

I hope we get that far...

Wed, 03/03/2010 - 16:36 | 252762 Anonymous
Anonymous's picture

Yeah, because the Republicans will get us out of this mess.

People who vote for either major party expecting things to change much are one of the primary reasons the leaders of the USA think its citizens are morons. Who wouldn't think the citizens are morons when that game still works so well?

Wed, 03/03/2010 - 17:54 | 252874 Hulk
Hulk's picture

November elections should place both parties on notice that we
will not tolerate this nonsense anymore. If the Republicans don't
get the message, then we vote them out. 3rd times a charm may apply.
We have the best government money can buy, and that has got to
change..

Thu, 03/04/2010 - 17:45 | 254123 Anonymous
Anonymous's picture

If these assh0les in both parties don't get the message it will be time to warm up the tar and kill a bunch of chickens!!

Wed, 03/03/2010 - 17:11 | 252809 Clampit
Clampit's picture

What to do in November, third party or http://nota.org/?

Wed, 03/03/2010 - 17:15 | 252815 carbonmutant
carbonmutant's picture

It's not a real democracy until you have  "None of the Above" on the ballot.

Wed, 03/03/2010 - 16:48 | 252776 Anonymous
Anonymous's picture

Now that confirms it.

Wed, 03/03/2010 - 11:34 | 252271 SV
SV's picture

Uhh, I don't get it.  It looks too complicated! </sarcasm>

Wed, 03/03/2010 - 12:14 | 252348 Anonymous
Anonymous's picture

They spared no expense making the vid, lol.

Wed, 03/03/2010 - 13:34 | 252482 Anonymous
Anonymous's picture

No bubble blowing? How could they leave that out? That is they're whole game.

Thu, 03/04/2010 - 19:57 | 254302 berlinjames02
berlinjames02's picture

Seriously... the past week I decided to quickly run down the voting members of the FOMC to see how many have a proactive stance on inflation. Of the 12 (or 10 current) voting members I could only find 2 (Hoenig and Bullard) that appear willing to fight inflation before it starts to take off.

In my opinion this is THE reason we will have inflation (not deflation). The strength of the dollar is the key, and Bernake and Co. will sacrifice the dollar at all costs to avoid deflation.

Screw price stability. We've got to keep the peasants occupied chasing the fiats.

Wed, 03/03/2010 - 11:36 | 252278 macfly
macfly's picture

The Feds # 1 job is keeping Rothchilds, Rockerfellers, Morgans, Schiffs etc hidden behind the curtain while they fleece us. Do they really think we haven't read Creature from Jekyll Island, or Murray Rothbard?

 

I hope we get to abolish the scam of the Fed soon.

Wed, 03/03/2010 - 11:44 | 252300 damage
damage's picture

You included "Schiffs" with Rothchilds and Rockefellers? So now Irwin Schiff is a part of the evil bankster conspiracy theory stuff? That's a new one, lol.

Wed, 03/03/2010 - 12:12 | 252343 John Law
John Law's picture

I think he's talking about Jacob Schiff...

http://en.wikipedia.org/wiki/Jacob_Schiff

Which has no relation to Irwin or Peter.

Wed, 03/03/2010 - 13:26 | 252467 A Nanny Moose
A Nanny Moose's picture

Whose great great grandson was married to Al Gore's daughter at one point....just sayin'

Wed, 03/03/2010 - 12:41 | 252390 35Pete
35Pete's picture

Do you even know the details of what MacFly is talking about? 

It sounds like you don't. Anyone aware of the theory that he's espousing would have immediately known that it was Jacob Schiff that he was talking about. 

It's one thing to disparage a theory that you logically don't agree with. Quite another to rip one who's details you know nothing about. 

BTW. I'm not onboard with the international banking conspiracy thingy. But I do know a ton of details on it. I haven't dismissed it. Just that the case presented isn't at all watertight. And as long as there are holes in the theory, well... I'm not onboard. That simple. Educate yourself, get the facts, and then decide. Don't reach conclusions based on what you feel or what the mob thinks. For one, Mobs don't think. I say this because Schiff is an elemental part of the banking conspiracy angle. But you didn't know that. Did you? 

 

Wed, 03/03/2010 - 14:16 | 252537 damage
damage's picture

Nope, because I never took it all that seriously. Got any links that summarize it?

Wed, 03/03/2010 - 14:57 | 252594 35Pete
35Pete's picture

Your never taking it "all that seriously" tells me that you made up your mind without ever looking at the facts. That's not logical at all bro. You couldn't possibly know if something's true or not based on what you feel. 

Answer to question 2. Start with "The Creature From Jekyl Island". We'll take it from there. 

 

Wed, 03/03/2010 - 20:26 | 253067 Johnny Dangereaux
Johnny Dangereaux's picture

This cartoon can't be real!

If you plow through this(180 pps) you might be able to keep all the eastern european surnames that own our country straight in your head...

http://www.apfn.org/apfn/reserve.htm

Here's a little blurb on the original Schiff....

"Later Congressional testimony showed that in the firm of Kuhn Loeb Company, Felix Warburg was supporting Taft, Paul Warburg and Jacob Schiff were supporting Wilson, and Otto Kahn was supporting Roosevelt. The result was that a Democratic Congress and a Democratic President were elected in 1912 to get the central bank legislation passed. It seems probable that the identification of the Aldrich Plan as a Wall Street operation predicted that it would have a difficult passage through Congress, as the Democrats would solidly oppose it, whereas a successful Democratic candidate, supported by a Democratic Congress, would be able to pass the central bank plan. Taft was thrown overboard because the bankers doubted he could deliver on the Aldrich Plan, and Roosevelt was the instrument of his demise. *The final electoral vote in 1912 was Wilson - 409; Roosevelt - 167; and Taft - 15."

Down home Truth? IT'S IN THERE! 

Wed, 03/03/2010 - 13:21 | 252455 Joe Sixpack
Joe Sixpack's picture
Proclamation on the Federal Reserve System of the United States of America

 

www.RevokeTheFed.com



March 2008

WHEREAS, Article I, Section 8 of the Constitution of the United States of America authorizes Congress "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures";

WHEREAS, on December 23rd, 1913 the US Congress enacted the Federal Reserve System;

WHEREAS, the Federal Reserve System is considered an independent agency within the federal government, with oversight of Congress and containing appointed public officials on its board of directors;

WHEREAS, the Federal Reserve System Controls the Federal Reserve Note, the official currency of the great nation of the United States of America;

WHEREAS, there may be controversies regarding the legality and constitutionality of the Federal Reserve System, it is recognized that the said system has operated continuously as the central banking system of the United States since the inception of the Federal Reserve Act of 1913;

WHEREAS, the Constitution of the United States of America granted Congress the authority to create the current Federal Reserve System, it also does grant Congress the authority to modify or revoke the Federal Reserve System;

WHEREAS, the actions of the Fedreral Reserve System represent the credit and currency of the United Stated of America to the citizens of this great nation and to the world;

WHEREAS, the Federal Reserve System, acting independently within the federal government allowed, supported, and even promoted parasitical and non-productive uses of the money and credit of the United States of America;

WHEREAS, the United States and likely the entire world's financial system is undergoing massive de-leveraging of the said parasitical and non-productive uses of the credit and money of the United States of America (as well as other nations' currencies);

WHEREAS, the US dollar, the "Federal Reserve Note" is declining in value due to these parasitical activites, as well as potentially other causes;

WHEREAS, it is recognized that the citizens of the United States and other nations did willingly participate at some level in the creation and propogation of said parasitical activities;

WHEREAS, it is also recognized that the United States of America, a sovereign nation, has the legal, moral, and God given authority to take actions to benefit its citizens and to protect its good name, credit and money in times of difficulty;

WHEREAS, it is recognized that the current time is such a time of great difficulty;

WHEREAS, it is recognized the parasitical financial institutions and their activities are at odds with citizens of the United States of America and the good credit and money thereof;

WHEREAS, the current indications are that the Federal Reserve System is acting to preserve the financial system currently flooded with the parasitical activities;

WHEREAS, the current indications are that the neither the Federal Reserve System, nor the Congress of the United States, nor the people of the United States have access to the books of the institutions being preserved by the Federal Reserve, and therefor the degree of inter-connectivity and risk associated with the institutions and other entities cannot be determined;

WHEREAS, the Federal Reserve System is accepting non-performing assets as collateral for credit with ultimate taxpayer responibility to entities not under its legislative mandate;

IT MUST BE CONCLUDED, that the Federal Reserve System is not acting to the benefit of the people of the United States of America, its credit, money, and good name;

WHEREAS, it is recognized that the political will and capability of the government of the United States of America may not be up to the task of prosecuting this proclamation ; It is also recognized that this may be the only hope for the continued survival of the United States of America as the great nation as it has historically existed.

NOW THEREFORE, it is PROCLAIMED by those supporting this Proclamation that the Congress of the United States of America FULLY NATIONALIZE the Federal Reserve System, and take full control of the credit and money of our great nation; The Congress must take whatever action necessary to seperate out, sequester, disown, or otherwise neutralize the effect of the parasitical financial activities which led to the current crisis; The Congress of the United States of America must reorganize, replace, or terminate the Federal Reserve System as appropriate; or otherwise devise a system for creation of the national currency.

IT IS FURTHER PROCLAIMED, that the Congress of the United States of America in cooperation with the Executive of the United States of America contact allied nations and any other nation willing to participate in the overhaul of the failing and parastical financial sytem currently in operation and create new treaties and alliances as necessary to create a sane and productive system of finance with the express goal of supporting a productive national, and by extension and through voluntary cooperation, world economy;

FURTHERMORE, it is PROCLAIMED that it should be the goal of such an international effort to maintain fair international trading practices allowing for protection in national interest of labor, resources, and productive capabilities;

WHEREAS, it is recognized that such a move on the part of the United States of America may result in the necessity of an isolationist policy IF the other developed nations do not follow our lead; If such occurs, so be it.

SO HELP US GOD!

Wed, 03/03/2010 - 11:36 | 252281 JJP
JJP's picture

hes going to fast for me!

Wed, 03/03/2010 - 11:37 | 252284 lsbumblebee
lsbumblebee's picture

Propaganda even a child can understand.

Wed, 03/03/2010 - 16:50 | 252780 Anonymous
Anonymous's picture

brainwash gone mad

Wed, 03/03/2010 - 11:39 | 252289 doublethink
doublethink's picture

 

Mirror Mirror

 

Corruption and impunity from prosecution lie at the heart of Greek's debt crisis, Prime Minister George Papandreou said on Monday, calling on citizens to stomach the pain required to put the country back on track.


Wed, 03/03/2010 - 11:40 | 252291 Dixie Normous
Dixie Normous's picture

I think this should be taken down immediately!  Criminal pysychologists often speak of a trigger or a breaking point that causes a man to lose it.  This video will be it for someone.

Wed, 03/03/2010 - 11:42 | 252295 skeptic_ill
skeptic_ill's picture

WWD(erek)D - I think Derek would like to watch this again with an orange mocha frappuccino...gasoline handle at the ready.

Wed, 03/03/2010 - 11:46 | 252296 Cognitive Dissonance
Cognitive Dissonance's picture

YouTube and FaceBook (to name just a few) are slowly being utilized by the propagandists to perpetuate or refine the public myth. It is being co-opted, just like the truth movements are being co-opted.

What do you do when face to face with a popular uprising and you're in power? Deflect, detain, dominate, devour and destroy.

Wed, 03/03/2010 - 14:55 | 252589 SWRichmond
SWRichmond's picture

embrace, extend, and extinguish

Wed, 03/03/2010 - 20:05 | 253041 tip e. canoe
tip e. canoe's picture

ingratiate, intimidate & impoverish*

(* to deprive of strength, richness, or fertility by depleting or draining of something essential)

Wed, 03/03/2010 - 11:44 | 252297 BlackBeard
BlackBeard's picture

AAAAAAAAAAAAAAAAA HAHAHAHAHAHAHAHA. sniff..sniff...boo hoo...

Wed, 03/03/2010 - 11:44 | 252299 DaveyJones
DaveyJones's picture

almost as good as this one

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

Wed, 03/03/2010 - 11:53 | 252312 Selah
Selah's picture

THAT is good propaganda!

Scary-good!

I'm glad our current machine is a product of our educational system.

Wed, 03/03/2010 - 11:53 | 252313 Cognitive Dissonance
Cognitive Dissonance's picture

"We need your taxes for banker bailouts, kickbacks, corruption, manipulation and slush funds. Are you with us or do we need to send the men with guns to help you decide?"

Wed, 03/03/2010 - 11:58 | 252323 besodemuerte
besodemuerte's picture

Added to my bookmarks, thanks.

Wed, 03/03/2010 - 17:47 | 252864 merehuman
merehuman's picture

can we have different color dollars for different days . Just for those of us who dont understand money. Thanks a bunch

Wed, 03/03/2010 - 12:02 | 252332 Anonymous
Anonymous's picture

I feel privileged already!

Wed, 03/03/2010 - 12:30 | 252384 Rusty Shorts
Wed, 03/03/2010 - 13:37 | 252488 A Nanny Moose
A Nanny Moose's picture

Awesome! Sadly only 33K views.

Panem et Circenses...and big Bewbs remain far more popular.

Wed, 03/03/2010 - 13:49 | 252509 DaveyJones
DaveyJones's picture

very nice. The fed was gonna use this one, but Ben has a fear of ponies

http://www.youtube.com/watch?v=wouG4GpL1-I

Wed, 03/03/2010 - 14:28 | 252555 tip e. canoe
tip e. canoe's picture

fucking brilliant...thanx for sharing

Wed, 03/03/2010 - 17:26 | 252836 Clampit
Clampit's picture

Tell me something spawned by this site will end up in the ballot box come November, false hopes *are* better than none.

Wed, 03/03/2010 - 19:32 | 253013 fuu
fuu's picture

"Taxes to fight the Axis"

 

"The sooner you get your taxes in the sooner they'll get to work. For it's your taxes, my taxes, our taxes that run the factories."

 

Jesus farking wept.

Wed, 03/03/2010 - 11:45 | 252301 Selah
Selah's picture

It's not even GOOD propaganda. I expect a much more convincing presentation for my share of the debt.

The folksy demonstration was a good idea, but this guy narrates at a carnival shyster's pace. Slow it down buddy and you won't sound like you are trying to put something past us.

"Money as Debt" is a great example of honest narrative style. It should also be required viewing in schools.

Wed, 03/03/2010 - 11:49 | 252307 Crummy
Crummy's picture

I'd make a rebuttal to this video, but I'd probably just end up drawing a bunch of wieners and tanks.

Wed, 03/03/2010 - 12:00 | 252310 williambanzai7
Wed, 03/03/2010 - 11:53 | 252315 Anonymous
Anonymous's picture

that is fucking odd.... somebody should remix it

Wed, 03/03/2010 - 11:54 | 252316 superz
superz's picture

If you guys want to get rich in 2010 this is the website you need to visit. http://www.SecretTradingMethod.com

Wed, 03/03/2010 - 14:46 | 252571 faustian bargain
faustian bargain's picture

hint: if you put it on the internets, it's no longer a secret.

Wed, 03/03/2010 - 11:55 | 252317 Anonymous
Anonymous's picture

I took a tour of the NY Fed about a year and a half ago. Asked for educational literature about the Federal Reserve System: books, pamphlets, whatever. Only thing they had was comic books explaining various aspects of fed operations. I shit you not.

Wed, 03/03/2010 - 11:57 | 252319 dark pools of soros
dark pools of soros's picture

REAL MAHOGANY

 

now go back and eat at the children's table and leave the adults alone

Wed, 03/03/2010 - 12:06 | 252335 DonnieD
DonnieD's picture

WTF? They must be proud of that table.

Wed, 03/03/2010 - 13:17 | 252360 Cognitive Dissonance
Cognitive Dissonance's picture

This was most certainly propaganda on the cheap. I can just see the PR department taking over the small conference room (with that nice mahogany table) to shoot the video using the mail room clerks new iPhone with the 12 MB pixel camera. Don't forget Alice in marketing. Isn't she taking a correspondence "Art" course? She can do the drawings, get her a black sharpie and some copier paper. :>)

Yeah, that's the ticket!

Wed, 03/03/2010 - 12:01 | 252327 Anonymous
Anonymous's picture

Alright, we get it, 'retarded' people pretty much by definition don't learn things as easily as the rest of us. No need to rub it in and upset people... cmon Tyler! Make those jokes privately, there's no need to rock the boat on such a grand scale... even if it kind of doesn't matter.

Wed, 03/03/2010 - 13:41 | 252496 A Nanny Moose
A Nanny Moose's picture

Yeah, the new PC terminology is Short Bus

Wed, 03/03/2010 - 14:41 | 252565 jomama
jomama's picture

yearsbehind.com

Wed, 03/03/2010 - 12:01 | 252328 besodemuerte
besodemuerte's picture

I wish there was a place to comment on their site for this.

 

Besides them disgustingly treating us all as morons, my quick thoughts:

3:50 LMAO

6:29 again LMAO

8:40 oh the irony!

Wed, 03/03/2010 - 13:31 | 252475 Selah
Selah's picture

There is a place for comments:

http://www.youtube.com/watch?v=Kj9-kRv0e6s&feature=player_embedded

No one has decided to comment so far, but there are a few people voting for 1-stars...

 

I find it odd that no one has commented so far after 309 views (sarcasm).

 

 

Wed, 03/03/2010 - 13:48 | 252489 besodemuerte
besodemuerte's picture

There.  I used one of my friends' accounts to post a comment, 'pending approval'.

 

*edit*

You know, as another poster above mentioned this is pushing me towards the tipping point.  I can comfortably say that I've passed my Money 101 and 102 courses a while back, and consider myself a seasoned student as to the way of things.  My data download is far enough along that it's about time for action.  Maybe that's exactly what I need to do to rise out of my shell of pessimism that's been saturating my every atom since I learned how shitty the world really is awhile back. 

Thinking of scalping something tonight to go buy a video camera and make v2.0 of this video.

Wed, 03/03/2010 - 12:01 | 252329 Anonymous
Anonymous's picture

At least the FOMC sits around a "real mahogany" table. I feel much better now.

Wed, 03/03/2010 - 12:02 | 252330 Anonymous
Anonymous's picture

Meanwhile in India - inflation getting out of control and increasingly political issue inspite of what Mark Mobius says about Indian equities. Keeping rates lower to placate their Western counterparts is hurting the Indian economic policy big time !! Major loss of face for ruling party looming..

Wed, 03/03/2010 - 12:03 | 252334 bobby02
bobby02's picture

That was truly retarded. Not funny at all. I was expecting at least a little "conjunction junction what's your function" action.

Wed, 03/03/2010 - 12:09 | 252340 AnonymousMonetarist
AnonymousMonetarist's picture

LOL!!!

A good story means characters?

The first member is probably not your best friend?

There's our cast of characters?...

A big mahogany table???

BWHAHAHAHAHAHAHAHAHAHAHAHA

Will I look weak???

Brought down interest rates for reasons we don't have time to explain here???

Which Big Co. is Goldman??

Stop it ... stop it..

Can't breathe...

Make the bad man stop!

 

 

Wed, 03/03/2010 - 12:12 | 252344 Anonymous
Anonymous's picture

g. edward griffin's book ripped off eustace mullins.
http://www.real-debt-elimination.com/bank_fraud/Secrets_of_the_Federal_R...

Wed, 03/03/2010 - 12:15 | 252350 Anonymous
Anonymous's picture

The Federal Reserve is a Den of Thieves. Filthy Fucking Thieves!

Wed, 03/03/2010 - 12:16 | 252352 Anonymous
Anonymous's picture

I was hoping they would talk about how swap lines and reverse repos work. Oh well.

Wed, 03/03/2010 - 12:21 | 252365 Anonymous
Anonymous's picture

my favorite part is the part with the really big mahogany table

Wed, 03/03/2010 - 12:29 | 252376 Gordon_Gekko
Gordon_Gekko's picture

I bet they didn't tell you how they shipped billions in cash to iraq to fund the terrorists...er...US Army contractors. Or how the Fed manipulates the markets to rip off people on a daily basis. Or the fact that it is the most powerful CRIMINAL organization in human history.

Wed, 03/03/2010 - 12:29 | 252379 AnonymousMonetarist
AnonymousMonetarist's picture

'You see I may be a Christian but I am also a capitalist. And I will defend our capitalist system against all enemies unless there's a way to profit from its' demise. Some conspiracy theorists out there have criticized the Fed as a secretive cabal that only benefits the well connected when in fact the Fed is merely an extra constitutional star chamber that controls our monetary policy with no oversight.'
-Stephen Colbert

Wed, 03/03/2010 - 12:33 | 252386 Harbourcity
Harbourcity's picture

Do they honestly think the US public is this stupid? 

 

Can someone please do a response video where we draw pictures of Ben in a helicopter and Goldman sachs/JPMorgan are stealing money from grandma's.

 

Wed, 03/03/2010 - 13:44 | 252505 Selah
Selah's picture

 

"Do they honestly think the US public is this stupid?"

Yes, they do think that.

The sad part is that they are correct about 75% of the population.

15% understands, but is lazy or apathetic.

10% knows what is coming and is preparing...

 

 

Wed, 03/03/2010 - 12:39 | 252393 Bad Lieutenant
Bad Lieutenant's picture

I love how the video presents that the Fed "has checks and balances" as a given, as if that's trivial or something that is less easily carried out than in the US Federal government--as if the FOMC members have less at stake than politicians. 

What a joke our system has become and the biggest feat is that 95%+ of Americans are the furthest thing from knowing about the root issues, let alone mobilizing to fight the problem.

Wed, 03/03/2010 - 12:44 | 252407 MarketTruth
MarketTruth's picture

This HAS GOT to be a joke. There is almost no way this video is from the Fed. Have not laughed so hard in a long, long time so whomever made it thanks for the ROFL because it was hysterical and  way, way funny :) :) :)

Thanks YouTube for making this available. Made my day :)

Wed, 03/03/2010 - 13:19 | 252448 Agent P
Agent P's picture

Unfortunately not...I watched it on the Cleveland Fed's website...it's the real deal.

Wed, 03/03/2010 - 13:34 | 252480 besodemuerte
besodemuerte's picture

I too did a double-take then promptly went to the website to confirm it, see for yourself:

http://www.clevelandfed.org/

Wed, 03/03/2010 - 12:54 | 252411 Anonymous
Anonymous's picture

I missed the part about the Fed proving the vampire squid with an infinite bankroll so that the vampire can player poker forever.

Wed, 03/03/2010 - 12:58 | 252416 Roy Bush
Roy Bush's picture

WOW!  What a way to twist the truth about a cabal of bankers printing money out of thin air and causing economic havoc for everyone except themselves.  

Wed, 03/03/2010 - 12:58 | 252417 AnonymousMonetarist
AnonymousMonetarist's picture

Breaking News...

The Fed's Consumer Protection Agency Video

http://www.youtube.com/watch?v=k78TVkbrHHM

Wed, 03/03/2010 - 13:01 | 252419 Korbin Dallas
Korbin Dallas's picture

Maybe it's for local (Ohio) consumption.  Am not just baiting, this has been my experience.

Wed, 03/03/2010 - 13:12 | 252435 lsbumblebee
lsbumblebee's picture

I'm from Ohio and I puked.

Wed, 03/03/2010 - 22:11 | 253184 Korbin Dallas
Korbin Dallas's picture

Good lord, you're right, it's practically unwatchable.  The Money Masters does a better job, post that, Phed.

Wed, 03/03/2010 - 13:10 | 252430 BobPaulson
BobPaulson's picture

I watched about half this thinking it was going to be funny, but when I figured out it was aMr. Rogers Neighbourhood explanation of why the Fed is your friend, I was pissed off I wasted 3-4 minutes of my life that I won't get back.

Wed, 03/03/2010 - 17:03 | 252795 DaveyJones
DaveyJones's picture

If their film can ruin 3-4 minutes of your life, imagine what their policies can do 

Wed, 03/03/2010 - 13:10 | 252432 demsco
demsco's picture

Partly government owned my ass. Why are the only shareholders the banks it loans money to? With a 6% dividend yield I might add.They seem to confuse being forced, only since the 1960's, to give excess interest back to the government. This video was put together by a jackass.

Wed, 03/03/2010 - 13:16 | 252441 Anonymous
Anonymous's picture

I fill better now

Wed, 03/03/2010 - 13:22 | 252457 A Nanny Moose
A Nanny Moose's picture

#4..."It turns to the Fed to get the job done"

It's magic. No mention of how it is done, the effect on interest rates, or it's hidden tax.

But then we need to be more contructive...don't we?

Wed, 03/03/2010 - 13:33 | 252477 Agent P
Agent P's picture

I am calling on the WSJ to use the "Hi, I'm Ben" slide as the new file photo for Bernanke...could you imagine seeing that on the front page every time there's a Fed article?  Priceless!

Also, was I the only one who watched this and couldn't stop thinking about the SNL Celebrity Jeopardy skit where one of the contestants answered every question with "Who was the marketing genius that came up with that one?" 

Ahhh, SNL Celebrity Jeopardy...remember Darrell Hammond as Sean Connery..."I'll take Anal Bum Cover for $500."  But I digress...

Wed, 03/03/2010 - 13:34 | 252483 pooplagrande
pooplagrande's picture

Couple of points:

1. Easy to see the PR meeting here: Make it simple...make us look good and necessary. Enough for people to think they understand and go about their merry way.

2. Let's not get into MBS right now...

3. Let's not discuss the printing press either

4. Let's not discuss political influence of major banks like Goldman Sachs and the revolving door within the Government.

5. Let's not discuss our relationships with other central banks internationally

Without discussing these points, this tard-level video is completely worthless and actually deceiving.

Wed, 03/03/2010 - 13:43 | 252500 Modern Money Me...
Modern Money Mechanics's picture

Let's see...

Lie 1: The Fed keeps inflation low by preventing too much "demand" and subsequent rising prices. But we all know that the definition of inflation deals with the money supply, not prices.

Lie 2: Independent Fed keeps out-of-control politicians from creating too much money and spending. But we know that the Fed is in fact a symbiont of the politician and uses the crumbs of over-spending for self enrichment.

Lie 3: FOMC is accountable. We all know that the Fed statute expressly exempts the Fed from any criminal activity. They are truely above-the-law.

Lie 4: The Fed is the backstop of last resort. First, the only need for a backstop is out-of-contol credit creation which the government failed to properly regulate. Second, the government is the backstop, not the Fed.

Wed, 03/03/2010 - 13:59 | 252515 35Pete
35Pete's picture

The format of the video is telling in and of itself. 

It's written in a children's format. Tell me. What does that imply in terms of what these elitists think of us?

As a thinking, rational, and reasoned adult, could you be anymore insulted?

Wed, 03/03/2010 - 14:28 | 252556 Anonymous
Anonymous's picture

actually I thought it was pretty good, it is simple and easy to understand, so anyone who watches will at least get a sense of structure

of course what they already know is:

A. you didn't do you're fucking job

B. you confirmed what they did know you didn't do your fucking job

C. you're backstop is fucking stupid, like the backstop is some piece of magic shyte, and not our fucking money

A for nice try
F for failing to do your fucking job
FFF triple F for having lost most everyone's confidence except bankers and politicians

Wed, 03/03/2010 - 14:50 | 252578 alexdg
alexdg's picture

Bernanke looks better on paper... as did the Fed back in 1913.

Wed, 03/03/2010 - 15:00 | 252599 faustian bargain
faustian bargain's picture

"until the next time"...?! You mean they're going to make more of these?

*facepalm*

Wed, 03/03/2010 - 15:01 | 252603 carbonmutant
carbonmutant's picture

I missed the part where the Fed's main job was to protect the value of money...

Did anyone see it?

Wed, 03/03/2010 - 15:15 | 252620 Anonymous
Anonymous's picture

It hurts. But I just can't stop watching.

Wed, 03/03/2010 - 15:24 | 252632 Anonymous
Anonymous's picture

For anyone that despises video, the transcript of this video can be seen at http://www.protranscript.com/show/ba33b06d-4f5c-4eac-af7b-3ae686e1012b

Wed, 03/03/2010 - 16:20 | 252736 Joe Davola
Joe Davola's picture

Those aren't the droids you're looking for.

Wed, 03/03/2010 - 17:30 | 252842 MarketTruth
MarketTruth's picture

Want to see the US Government propaganda machine in action, below is a film from the US government about how devaluing the money (also called inflation) is a good thing.


www.liveleak.com/view?i=3e0_1235601005

Wed, 03/03/2010 - 18:14 | 252895 merehuman
merehuman's picture

so shall we quietly capitulate? it appears as if they have won.

But they wont be any happier than a casino customer

The banks will find the moron they have given birth to, their dumbed down creation, is an unruly child and a frankenstein society

Wed, 03/03/2010 - 19:19 | 252993 MarketTruth
MarketTruth's picture

No, We The People shall not capitulate!

NATIONAL STRIKE
April 15 to April 18TH
Tell Everyone You Know
POST THIS ON EVERY DISCUSSION BOARD
www.taxfree15.com

+++ Also ++++

Join The Civil Revolution
Watch and FWD THIS LINK
www.REVOLTstartsNOW.com

Wed, 03/03/2010 - 18:38 | 252928 merehuman
merehuman's picture

What grows in america? ................

Doubt, fear and confusion

Bankers wealth

Homeless, vagrants, hobos and wanderers

Tent cities and moldy ,empty malls

stress and death among couples

suicide, crimes of passion and theft

Anger and self sufficiency

new dreams and adjustments of desire

knowledge amongst the masses

a group awareness of our dilemma

dissatisfaction with the present system

a desire for truth and security

 

difficult times will force us to new states of conciousness . Our capacity to love will grow despite ourselves and our many desires.

I hate what is happening from the view point of man, as i too am one (part time) but from another view i see a perfection in the chaos. Its all about perspective isnt it? lol

Wed, 03/03/2010 - 19:00 | 252961 Anonymous
Anonymous's picture

The feds should have just posted this and replaced "they"
with "we"!
http://www.youtube.com/watch?v=acLW1vFO-2Q

Wed, 03/03/2010 - 19:40 | 253020 Anonymous
Anonymous's picture

this must be a joke, right? are you trying to tell me this video is from the Clevland federal reserve?.
you have got to be kidding me?
they should show this sophisticated/kiddy video of the ponzi scheme on CNN at 6pm!

Wed, 03/03/2010 - 19:43 | 253027 Anonymous
Anonymous's picture

who owns the Federal Reserve and why don't you know?
http://earthblognews.wordpress.com/2010/02/25/who-owns-the-federal-reser...

Thu, 03/04/2010 - 05:17 | 253402 Anonymous
Anonymous's picture

By 5senses:
Can I naked short the the Federal Reserve? Where can I buy a BDS (Brain Default Swap) on Bernanke?

Thu, 03/04/2010 - 12:36 | 253663 Hephasteus
Hephasteus's picture

I've got a better cartoon to explain the FED.

http://www.ubergeek.tv/article.php?pid=58

Thu, 03/04/2010 - 15:38 | 253938 Anonymous
Anonymous's picture

so pathetic that people like Tyler feel better about themselves by using the word retard and that other loser who thought his short bus comment was worthwhile. Wow...what's it like in your very small world? All perfect people like yourself? Ugh.

Thu, 03/04/2010 - 18:15 | 254176 Anonymous
Anonymous's picture

There was a pop-up box that came up when I visited the Federal Reserve webpage about 6 months ago. It was a questionnaire about how they could make the site better. I suggested cartoons and interactive games to more effectively pander to the public. Somebody was listening!

Fri, 04/16/2010 - 09:26 | 303751 mark456
mark456's picture

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