The Federal Reserve Warns About The Dangers Of The... Federal Reserve

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Wed, 06/16/2010 - 10:17 | 416924 schoolsout
schoolsout's picture

Well....what can I say?

Wed, 06/16/2010 - 10:44 | 416979 chumbawamba
chumbawamba's picture

GOLD BITCHES!!

Wed, 06/16/2010 - 11:41 | 417098 schoolsout
schoolsout's picture

That works...

Wed, 06/16/2010 - 10:47 | 416987 ZerOhead
ZerOhead's picture

How about...

Great job once again Ty!... keep sounding the alarm bells.

 

Or (Like your mother used to say....)

 

"If you don't have anything good to say about the Federal reserve?"

"Say it often!"

(Line borrowed from 'Ed the Sock'...  who himself was ripped off to create Conan's "Triumph the Insult Dog")

How about the Obama expose on the Daily show last night? Jon Stewart Rocks!!!

 

Wed, 06/16/2010 - 11:51 | 417112 chinaguy
chinaguy's picture

Yeah, but only after Obama's poll numbers dropped, has Jon Stewart finally called Obama out on his 180' degrees of hypocrisy. Up till now, Stewart has been preforming fellatio.

Flame me if you like, but Kramer, Stewart, take your pick...it's all "just a show".

Wed, 06/16/2010 - 12:01 | 417123 ZerOhead
ZerOhead's picture

I understand your point... however I had stupid misplaced hope in Obama as well... many people did.

The question is not what did he think before... the question is what is he doing now. And in that light he is performing admirably. Where else do you see worthy criticism of Obama from the 'Left' ?

When his former supporters become his detractors... he must begin to pay attention and do what is right. Or just be content collect the tens millions of dollars that await him upon his forced 'retirement'.

Wed, 06/16/2010 - 12:15 | 417167 chinaguy
chinaguy's picture

I made a protest vote for Ron Paul. All of the recent presidential candidates IMO were just sock puppets.

My problem is not with Obama (or which ever placeholder currently sits in that chair) but Jon Stewart's populists nonsense, which changes direction based on focus groups...again, it's "just a show".

But as for what Obama is doing now (donning asbestos underwear) he's doing the best an overwhelmed, inexperienced, academic can do in a situation which is entierly gamed all around him. Just IMO

Wed, 06/16/2010 - 12:33 | 417198 ZerOhead
ZerOhead's picture

Ron Paul is NOT a protest vote. You chose well. You do not need to subcribe to his entire ideology to support the man's general thrust... ( no pun intended). He is worthy of holding a seat for his stance on the Federal Reserve alone even if he turned out to be a racist, bigot, homophobe, apple pie hater, etc... etc...

We must learn to rise above things like political correctness for at least the time being to concentrate on re-establishing control over our 'own' government. If it took the temporary resurrection of a 'Saddam Hussien' or 'Pablo Escobar' to do it count me in. It is that important people.

That said... love him or hate him... personally I think that wingnut Grayson is the perfect guy to deliver the message.

He came from a life of poverty... made tens of millions already so his early ingrained psychological needs are mostly met... (tougher to buy off!)

And he makes Bernankes bowels churn with his shit-eating grin!

 

Wed, 06/16/2010 - 12:43 | 417230 Gully Foyle
Gully Foyle's picture

I follow Carlins advice.

 

I don't vote. Two reasons. First of all it's meaningless; this country was bought and sold a long time ago. The shit they shovel around every 4 years *pfff* doesn't mean a fucking thing. Secondly, I believe if you vote, you have no right to complain. People like to twist that around – they say, 'If you don't vote, you have no right to complain', but where's the logic in that? If you vote and you elect dishonest, incompetent people into office who screw everything up, you are responsible for what they have done. You caused the problem; you voted them in; you have no right to complain. I, on the other hand, who did not vote, who in fact did not even leave the house on election day, am in no way responsible for what these people have done and have every right to complain about the mess you created that I had nothing to do with.”

 

 

“The next time they give you all that civic bullshit about voting, keep in mind that Hitler was elected in a full, free democratic election”

 

"Now, there's one thing you might have noticed I don't complain about: politicians. Everybody complains about politicians. Everybody says they suck. Well, where do people think these politicians come from? They don't fall out of the sky. They don't pass through a membrane from another reality. They come from American parents and American families, American homes, American schools, American churches, American businesses and American universities, and they are elected by American citizens. This is the best we can do folks. This is what we have to offer. It's what our system produces: Garbage in, garbage out. If you have selfish, ignorant citizens, you're going to get selfish, ignorant leaders. Term limits ain't going to do any good; you're just going to end up with a brand new bunch of selfish, ignorant Americans. So, maybe, maybe, maybe, it's not the politicians who suck. Maybe something else sucks around here... like, the public. Yeah, the public sucks. There's a nice campaign slogan for somebody: 'The Public Sucks. Fuck Hope.'"

 

 

"I have solved this political dilemma in a very direct way: I don't vote. On Election Day, I stay home. I firmly believe that if you vote, you have no right to complain. Now, some people like to twist that around. They say, 'If you don't vote, you have no right to complain,' but where's the logic in that? If you vote, and you elect dishonest, incompetent politicians, and they get into office and screw everything up, you are responsible for what they have done. You voted them in. You caused the problem. You have no right to complain. I, on the other hand, who did not vote -- who did not even leave the house on Election Day -- am in no way responsible for that these politicians have done and have every right to complain about the mess that you created."

 

George Carlin

Wed, 06/16/2010 - 13:14 | 417308 chumbawamba
chumbawamba's picture

I would say we will always miss George, but then we have YouTube:

http://www.youtube.com/watch?v=hWiBt-pqp0E&feature=related

George Carlin is proof there is a God :)  I'm sure he would find that ironic, if not offensive, but he's dead now, so fuck him.

I am Chumbawamba.

Wed, 06/16/2010 - 15:35 | 417772 ZerOhead
ZerOhead's picture

Nice link Chummy... thanks!

Wed, 06/16/2010 - 13:41 | 417387 theprofromdover
theprofromdover's picture

If you don't vote, you have to man the barricades.

Otherwise you are a citizen of nothing.

Wed, 06/16/2010 - 14:11 | 417483 faustian bargain
faustian bargain's picture

George Carlin is funny, but his logic is way off.

If you vote against someone who got elected anyway, that does not mean you helped him get elected. If you do not vote at all (but would otherwise vote against the eventual winner), then you did help him get elected, by reducing the overall electorate pool and increasing the winner's share. If you really don't care who wins, then you're not looking hard enough for the right candidates, and therefore aren't contributing anything to solving the problem. Whether that takes away your 'right' to complain, I don't know.

I'm not saying that choosing to vote makes much of a difference, in the era of corporate-funded campaigns that are increasingly being given a government-enforced duopoly, but I am saying that the person who doesn't vote has no better right to complain than does the one who votes against the eventual election winner.

However, if you voted for Obama (or McCain), you got what's coming to you, and that was not hard to predict even if you only looked at their campaign contributors and their proposed national budgets.

Wed, 06/16/2010 - 15:01 | 417634 ZerOhead
ZerOhead's picture

I have at one time in my life agreed to all of your sentiments. But to willfully do nothing but drop your pants and bend over to your moral inferiors is quickly becoming sheer insanity... and things will soon get much worse.

Avoiding systemic collapse is about the best we can do right now and even then the odds are increasing against us day by day. There will be plenty of pain forthcoming that will provide the motivation for the people to act. If we allow theTPTB the opportunity to provide the next saviour as they did so cleverly did with Obama all hope will be lost.

2010 Midterms... there isn't much time to waste. That said we do have time. We need a simple message and a plan. We can do it. Our very lives may in fact depend upon it.

I say we all take the country back. Plain and simple... the old fashioned democratic way.

Continue to educate the masses... and come up with a simple plan for our own liberation.

It can be done. All we need is a sound idea and a spark to ignite it... and the disenfrachised disoriented and disheartened will awaken and support the struggle for their own economic and political liberation.

I think I know what the plan must look like. That said I've been known to be wrong before... so let's all chip in shall we?

Wed, 06/16/2010 - 17:29 | 418079 Cathartes Aura
Cathartes Aura's picture

But to willfully do nothing but drop your pants and bend over to your moral inferiors is quickly becoming sheer insanity... and things will soon get much worse.

with respect ZerOhead - and I mean that, your posts around the Gulf oil spill have been great - I'm going to disagree here. . .

voting within this system, as it exists, legitimises it, and within the voter's mind, it is a surrender to "well, this is all we have to work with, let's make the best of our vote". . . to me, that's a form of helplessness, of saying, well, I'm owned, might as well roll over & play dead. . . it's learned immaturity, celebrated by the "me me me" culture that encourages never growing up ("who dies with the most toys wins!" crap)

also, voting is a form of living in "the future" - it's always, we'll change things with the next election, which of course, is impossible within this system. . . it's a way to keep people from acting out in fury, it supports the system as it is.

by deciding to not vote, and forming reasons why, and sharing those reasons with others, one exhibits a resistance to the reality profered. . . it can free up the mind to approach daily reality in ways that support self-sufficiency and community, rather than the "rah rah, go red / blue team" sports mentality that is amrrkkn politics. . .

I'm with Carlin, and Gully, here - never voted, never been attracted to the notion nor those who put themselves on offer. . . I think it has helped to shape my mindset of begin with no trust, then allow trust to be formed over time based on actions observed and seen as workable and fair.  I have more time in my life to support real humans that I (can) depend on, not a bunch of "celebrity-type" candidates that do fuck all but suck up resources and pontificate (which of course, is in the job description, no?)

Wed, 06/16/2010 - 17:53 | 418093 ZerOhead
ZerOhead's picture

And the options are? Right.

Listen... I share your sentiments however I believe there is a way out. If we can co-opt just a little of the growing angst the current power regime can be peacefully disassembled. I know that sounds fanatical right now (and my avatar is certainly not helping here...) but it can be done. I know it can.

It will transcend partisan tribalisms... it is an idea whose elements are already supported by a perponderance of the nations citizens. The polling data is there and is solid. It just requires the 'spark'!

Stay tuned... the process starts this weekend!

(It may look ugly at first... but it will refine itself.)

 

 

Fri, 06/18/2010 - 04:25 | 420908 Heavy
Heavy's picture

I might even be able to expand the definition of "...co-opt...the growing angst, the current power regime can be peacefully disassembled." to include something, like, say, the French Revolution?  However, I would say that what I see for options of futures would be less peaceful than that past period.  I hate to be the sceptic, but I'd bet doughnuts to dollars that we see what amounts to a much more serious new east block vs new west block conflict before the people of the US find transcendence.  I tend to think that, because of the extreme nature of the situation, some people will gain massively in their understandings of the workings of society, though the extremity of the situation may just dwarf the few people who are aware enough to operate with some degree of understanding and compassion.  Physics can be a cruel master of the universe, but master it is, and trying to play against the nature of physical value by running a global fiat ponzi after a great victory will swing back into balance with much force.  Beware SDRs and a shortcut out of conplacent debt slavery (not to mention bananna republic style slavery for the diamond finders of the world).  I'd say to be realistic in your expectations for a future awaken among americans especially.   A new system of social order for value exchange will be up for order soon, who are going to be the ones to cook it up (Tyler got the glycerin out of the freezer yet?)?

Z you are a wise one, I'm more just mood posting here, sorry to come off contrarian, just throwing gunpowder at the fire. 

Wed, 06/16/2010 - 14:41 | 417572 Hdawg
Hdawg's picture

A show!!!!

I woke up when i saw my government do things first hand that was against everything i'd been taught.

Wake the fck up you bunch of c*nts that still trying to profit from this rigged-market matrix.

i mean no ill feeling...i'm just losing my mind with you ZH profiteers that are selling their countrymen out because you think you are gaming the system. 

Do your history.  You are playing a less than zero sum game. You fcking children.

Only when you lose everything will you be willing to do something.

- Junk me please.

 

 

Wed, 06/16/2010 - 15:37 | 417649 ZerOhead
ZerOhead's picture

Nah!... you'll have to be more outragious to get junked.

Wed, 06/16/2010 - 15:13 | 417679 sgt_doom
sgt_doom's picture

The strange and peculiar evolution of the BP name:

First it was Anglo-Persian Oil,

Next it became British Petroleum,

Then it morphed into British Poop,

And finally, it is known as....

Barack's Pals.

End of story!@&%*$*(

Wed, 06/16/2010 - 10:18 | 416925 hbjork1
hbjork1's picture

Since  the FED Chairman is appointed and the President is in a catch up shock like state, not likely to be remedied until the next election, it may be too early to start the e-mails.

But the FED Chairman choice is clear.  FISHER!

 

Wed, 06/16/2010 - 13:01 | 417256 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Fed choice?

Wed, 06/16/2010 - 14:15 | 417495 faustian bargain
faustian bargain's picture

The choice for the Fed chair and Board, and upper echelon of NY Fed, should be:

a. gas

b. electric

c. injection

d. rope

e. mob

Wed, 06/16/2010 - 15:14 | 417684 sgt_doom
sgt_doom's picture

Old school: guillotine !!!!!

Wed, 06/16/2010 - 10:19 | 416926 Pladizow
Pladizow's picture

"and the Fed will continue on its way to singlehandedly destroying this once great country."

This is the Fed's sole objective.

You cannot have a NWO, with a super power in it.

Wed, 06/16/2010 - 11:54 | 417116 defender
defender's picture

Not true.  You can only have a NWO if you have a super power in it.  There must be an Iron Fist inside of the Velvet Glove.

Wed, 06/16/2010 - 10:19 | 416928 DaveyJones
DaveyJones's picture

reminds me of this

http://www.youtube.com/watch?v=tZeAlvpuyH0

hard to believe our leaders would turn on their words

Wed, 06/16/2010 - 12:40 | 417228 Rusty Shorts
Wed, 06/16/2010 - 13:03 | 417259 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It's all about the bank with this guy.

Wed, 06/16/2010 - 13:04 | 417262 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Taking "talks out of the side of his mouth" to a whole new level.

Wed, 06/16/2010 - 10:20 | 416929 VK
VK's picture

The collapse is coming. No way to prevent it now. We had a chance back in 2007/08. There is no way to grow out from the gigantic debt burden we are in, hyperinflation or deflation (Disclaimer: I am a deflationist) leads to massive falls in purchasing powers, the complex supply chains that make our lives possible break down due to a lack of trust and credit. All civilizations decline and collapse, ours will be unique in the size and scale of the collapse. We've never had such a huge distance to fall and with so many people to join us. 

Wed, 06/16/2010 - 10:31 | 416949 Shameful
Shameful's picture

We didn't have a chance in 07-08.  This ball has been in play since the 60s and our fate was sealed in 71.  All we have been doing is playing for time and putting off the final day of reckoning. 

I agree we should be headed into a deflation.  That is the natural response to an inflationary boom, the deflationary bust.  However as the fiat money supply can be expanded infinitely with little to no cost I don't think we will see significant deflation measured in fiat paper terms.  Now deflation measured in terms of gold/oil/wheat/ect then sure, deflation all the way.

Wed, 06/16/2010 - 10:39 | 416972 buzzsaw99
buzzsaw99's picture

The collapse is coming. No way to prevent it now. We had a chance back in 2007/08...

 

This country was hijacked by the money maggots back in 1911. The destruction of teh usa by bank maggots has been assured ever since then.

Wed, 06/16/2010 - 11:41 | 417099 ZerOhead
ZerOhead's picture

I fear you are correct. Heck... I know you are correct.

These idiots had a choice to either cut the Bankster party back and set the economy down into a deep recession or QE their friends out of a giant whole and risk destroying the system.

They chose poorly... as did Obama in keeping them firmly in place when the only logical analysis of their past performance that got us into this mess would be:

A) Gross incompetence and negligence

B) Gross corruption

C) Both

All which should have resulted in their immediate dismissal or incarceration.

Anyone care to disagree?

 

Wed, 06/16/2010 - 12:01 | 417133 buzzsaw99
buzzsaw99's picture

...or QE their friends out of a giant whole and risk destroying the system.

 

Ironically a collapse of the entire system is our only hope of wresting control of this country away from the maggots as well.

Wed, 06/16/2010 - 12:15 | 417165 ZerOhead
ZerOhead's picture

Correct again Buzzy... pressure will continue to build, the masses will become extremely agitated and will be screaming for change.

Unfortunately they will be looking to the bought and paid for... Oligarchic Kleptocratic Two Party State System to provide a real solution that it CAN NOT deliver!

We need to act now to make plans to ensure once this rocketing shitmobile of an economy blows that the same fu$%tards and their masters who got us into this mess are either long gone, or Bernie Madoff's new bunkmates!

The time for a plan is now... and the requisite brainpower is here at ZH.

Wed, 06/16/2010 - 13:03 | 417260 Gully Foyle
Gully Foyle's picture

ZerOhead 

"pressure will continue to build, the masses will become extremely agitated and will be screaming for change.'

What fucking country do you live in?

The masses will be content unless there is no food or no tv or no electricity. Then they will fuck up their own neighborhoods.

First time the troops fire into a crowd that shit ends and they all scurry back home with whatever they managed to loot.

Wed, 06/16/2010 - 13:24 | 417340 hound dog vigilante
hound dog vigilante's picture

Gully, you've spent too much time in the city and the shopping mall.

Yes, many consumers and city-dwellers will cower in fear when the bullets fly... but these lemmings are rather insignificant in the big picture. The significant demographic is the rural and suburban self-styled militia-types that are getting a Phd. in austrian economics right here on the internet. And they own property. And they've read the constitution. And they are armed to the teeth.

In many ways, the incredibly high level of tea party activism has already proven you dead wrong. The tv and electric seem to be working just fine, yet incumbant politicians have been run from office in their own party's primaries. If that isn't agitation and activism, I don't know what is.

To lump the entirety of the US population into the 'couch potato' demographic is myopic, and reveals borderline denial symptoms.

Look at ammunition sales in this country... who knew that so many couch potatos were getting so active and prepared?  Not you, that's who.  Something tells me that when the cities are burning, YOU will be the one in the corner watching Idol re-runs.

 

 

Wed, 06/16/2010 - 13:59 | 417447 chumbawamba
chumbawamba's picture

+FUCK YEAH

I am Chumbawamba.

Thu, 06/17/2010 - 12:02 | 417676 ZerOhead
ZerOhead's picture

Very observant... and probably right on the money.

People know shit is fucked up and TPTB are running out of time to find a solution... that is if at all they truly give a shit for anyone other than themselves or maintaining their grip on power. They will care when the realize that the citizenry understands the true nature of the 'game' they have been playing with us all these years.

They level of angst is rising we all know that or we wouldn't be here. Who would have though 5 years ago that discussion of the powers of the Federal Reserve would be questioned?

Public support for auditing is well over 50% these days... think about that for a moment if you will.

love to eat them mousies

mousies what I love to eat

bite they little heads off

nibble on they tiny feet

 

Coming soon to the ZH Forum...

How to Peacefully Overthrow an Oligarchic Kleptocracy

(The Prologue...  an open workshop... followed later by the main event)

 

By Subcommandante ZerO

 

And if necessary...

How to Overthrow an Oligarchic Kleptocracy (No workshop required)

 

Alternative working title for the 'Administration'...

 

Serious National Security Deficiencies that could lead to the overthrow of our Oligarchic Kleptocracy

 

All opinions welcome... there will be no leaders or saviours here... It's going to be a "We the People" organic production.

This is your Call to Arms...   Let's get this party started!

Wed, 06/16/2010 - 13:25 | 417344 chumbawamba
chumbawamba's picture

Actually, it's TV before electricity (because you can't have the other before the one) and then food.  As long as the electricity stays on I think a lot of people will be content to just die in front of the TV.

I am Chumbawamba.

Wed, 06/16/2010 - 15:14 | 417686 ZerOhead
ZerOhead's picture

Sad... but actually 100% true if we don't act. You have good instincts Chummy!

Wed, 06/16/2010 - 13:53 | 417425 buzzsaw99
buzzsaw99's picture

The masses will be content unless there is no food or no tv or no electricity. Then they will fuck up their own neighborhoods.

First time the troops fire into a crowd that shit ends and they all scurry back home with whatever they managed to loot...

 

The troops will be looting the elite when TSHTF.

Wed, 06/16/2010 - 15:18 | 417702 ZerOhead
ZerOhead's picture

We can only hope that the very system set up to defend them and thier interests turns on them in the end.

However it will first be utilized to suppress the unrest and dissent in the general population first.

Count on it.

Wed, 06/16/2010 - 17:53 | 418116 Cathartes Aura
Cathartes Aura's picture

The troops will be looting the elite when TSHTF.

this is a popular line, it's been posted here (and elsewhere) often, but I'm unconvinced. . . it underestimates the power of military training, a mindset that makes the "troops" special, more intelligent, more worthy, than those they are trained to de-humanise and inevitably kill. . .

do you really believe that if a human target is tagged with a de-humanising" label such as "terrorist" or "insurgent" or "combatant" or whatever the hell new "persona" the government will use, do you really believe the weilder of fancy weaponry AND a paycheck AND a gang of like-minded boys surrounding him, will not shoot to kill on orders?

because my trust has yet to be earned here.  SOMEone is flying planes daily, criss-crossing the nation's skies with poisons that fall onto the populace - and they're NOT afghanistan citizens, nor north korean citizens, or whoever the hell else "hates us" - they're americans.

Wed, 06/16/2010 - 10:51 | 416999 chumbawamba
chumbawamba's picture

As if global hyperinflation were not bad enough, the Gulf of Chernobyl will hasten the decline and make it all the worse.

I am Chumbawamba.

Wed, 06/16/2010 - 11:01 | 417030 ydderf1950
ydderf1950's picture

i agree gom scares the shit out of me

Wed, 06/16/2010 - 13:27 | 417353 Gully Foyle
Gully Foyle's picture

ydderf1950

"i agree gom scares the shit out of me"

Why? It was an eventuality that we would see some either natural or man made disaster. Shit happens. Or fears are predicated on our lack of ability to predict the future.

Wed, 06/16/2010 - 11:31 | 417083 DosZap
DosZap's picture

VK,

To quote one of the Masters...Mr.Sinclair.

"Hyperinflation is a currency, not an economic event"

Wed, 06/16/2010 - 10:23 | 416933 yabs
yabs's picture

why oh why do people not take to th streets to protest against all this currency debasemnet is beyond me

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