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Glenn Beck Explains The Latest Iteration Of Quantitative Easing
Does most of America still really have no clue what Quantitative Easing is... Nor that Bernanke committed perjury over the whole "Federal Reserve will not monetize the debt" thing... Nor that Tim Geithner also lied on CNBC when he told Treasury puppet Steve Liesman that the Fed is not monetizing debt? So what is the point of all of this?
h/t Karl Denninger
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"I believe Glenn is now turning the scope of the base he posseses to the Fed , globalists and money printing and that it undoubtedly serves only the Elite"
Since Beck services the Elites on a daily basis what would ever give you that idea? He's already trying to blame fictional union bosses for our problems while ignoring Wall Street.
His inaccuracy is more dangerous than bringing wider attention to the issue. He changed the issue. So - why isn't the tea party and Beck rally protesting the Fed or the Treasury as in Ireland?
Because Beck is the king of misleading.... he might be your biggest enemy.
biggest
Thank you for being rational.
Point on the dolly where the bad banker touched you. lulz
Treason. March them into the square.
Yes, I've noticed Zerohedge references in some of Glenn's shows. He's a bit of a nut but I like the way he gets after some subjects and researches the connections. As many conspiracy types as we have here on ZH he ought to be fairly popular. I at least appreciate how he tries to make complex topics more understandeable including possible consequences.
He does have a large and motivated audience. I suspect a large part of his audience are overt and covert Tea Party members.
Good call becase he tries his damndest to craft the complex to the simple. It is akin to them recieving the education they never had. I will
also say it is tremendous that he does this when we frequently complain that the masses are blinded purposley.
Beck had no idea this all ties back to the bankers but he is starting to understand it. He is. Doing an entire episode on Bildeberg one work currency Soros this week. He gets it..his people
read this site. And more of you should also begin to give Aelx Jones more attention because he at least cares. He may be too paranoid regarding 9/11 but he does his best at least in most matters. Never let the main stream use their opposition to define your own contrary opinion. Get the facts and make a choice. We are all too smart here to be misled.
Most of us here hav connected the dots 1-100 buy most are on 1-10 but at least they know
something is wrong.
Ain't no way he was going to describe QE in 6 minutes, even with the graphics.
He should link to some serious discussion on his website, somewhere between the gold ads.
the idea is sound, but who in his audience would really actually go to his or any website for discussion? 2%? maybe 4% tops? and how many would go twice. this is not light stuff... and certainly not very interesting to most folks with a real life (even if that life consists of little more than lemonaid on the porch)
i've told 50+ folks about this site, and only 2 have actually hooked in. and these 50 are *not* average folks (above-ish, mostly :^) i don't usually bother anymore.
of course the reality is that 6 minutes to describe the issue(s) truly isn't enough, but if it's all you have to work with...?
when you have lemons, make lemo...
again, it's "more value than damage"
360 seconds may be an eternity in mass communications, but you're right when you say it isn't enough. Welcome to a multi-part tragedy where even if any of this ever went to court the jury would be made up of folks who couldn't get out of it. Back to lemonade. Most folks can understand three card monte tho .. and a lot of this is exactly that.
But ya Rocky, I wonder how many of his viewers search beyond the show or its network. I bet it's better than many suspect. Hell, Howard Beale gets lots of folks to lean out the window, me included so I'm not gonna knock the potential of Beck to add numbers from that different segment.
agreed miles. if one suscribes to a libertarian philosophy, then one must be willing to trust that others will be able to see through the veils of illusion at the proper time. even (especially) ourselves. one must be very cautious how one criticizes those who speak to a segment of society that they don't personally relate to, as there is always the danger of hardening those people further into their shells instead of helping them to break free.
as a "mostly libertarian", i hope you are right. i have that trust... i think.
as mentioned above, too many hitlers have happened through time, so a healthy skepticism of *anyone* with a microphone is a good thing.
while i'm wary of *all* MSM, mr beck doesn't scare me. i'm sure many of his followers would, tho'
scary followers or not, his message is just that. nothing less, nothing more. we to to keep our eye on the ball.
If the FED and the Government wanted jobs they would stop printing money, raise the interest rates slightly, and let deflation bring back sales volume. That's how capitalism works.
QED, a bunch of PHDs would be able to figure that out, except they are all under the banks' payroll. As for Glen, well he is under the Kock's payroll so enough said.
it is largely untested, and unconventional... sure zimbabwe tried it...
i don't care for his schtick, but he does have a few good one liners.
"Does most of America still really have no clue what Quantitative Easing is"
Sadly, no, 99% don't
and like it or not, Beck reached more people in 15 minutes than do all of the well meaning bloggers, ZH included, in a month. You should welcome anyone willing to carry the water on this.
That doesn't give him a free pass, and I'm not saying leave your wallet lying around him, but hey, if you could get spot +30%, would you do it?
seriously. 50% of America can't name the current vice president, and you think QE is commonly understood? especially when, instead of a colloquial "money printing", all references to said money printing use the absurdly unnecessary technical invocation of "quantitative easing"? even if "money printing" was the commonly used phrase most people would have no idea what it really means.
so yes, Beck did a huge service by cutting this up into digestible bits for the masses. make fun of his style and mannerisms all you want, but remember that katie couric and brian williams wouldn't touch this topic beyond a teleprompter reading of "the Fed took a bold move to strengthen the economy today..."
you can all go back to smelling your farts now.
Would it be trite if I said "beware of wolves in sheep's clothing"?
http://www.youtube.com/watch?v=t--31c1d72s
http://911blogger.com/news/2010-08-28/glenn-beck-i-didnt-think-i-could-h...
http://www.youtube.com/watch?v=mOsYSwNrlBo
Yeah, Beck's a bit flaming...hot wife though...go figure.
I take exception with "who" started it all...labor? I think the politicians went to labor with their bag o'promises first.
Indeed -- the whole premise the unions were the ones starting the cycle is wholly off the mark. It was a collaborative effort by manufacturers, politicians of both stripes, unions, bankers and, well, any of us who can't fathom a world in which Social Security benefits might be lowered because the promsied benefits are wholly unsustainable.
That said, I never thought Glenn Beck would be the sole non-financial media type paying critical attention to this.
Sure would have been nice had he told the real story instead of twisting it into a partisan pretzel.
RR
what you saw was a fifteen minute clip of an ongoing 1hr/day 5D/wk soap opera (plus his radio show)
Beck has done many shows where he gave more coverage to the mechanics and some of the other players. There was a time he was flailing around and going after everyone. Tides, Goldman, team red and blue. For gosh sakes hes actually talked seriously about the "NEW WORLD ORDER" on the air! You wont find that on prime time news.
BUT to be on the air, and stay there required a price be paid. About a year ago, Beck's behavior drastically changed. Did he make a deal? Since then he has backed off implicating certain groups, while emphasing others. He presents important info that no one else is even mentioning, but watch with caution. He keeps telling viewers to pick up the threads he's shown them, and check into it themselves. Perhaps thats his wink and a nod acknowledging he can only go so far.
+
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Do you have any of these in Banker-skin? Maybe a 9 1/2?
Thanks a lot pal! I now have to clean coffee off of my screen and keyboard.
...and I just shat myself...
MSM Orientation
http://www.youtube.com/watch?v=tZCyZedf6V8
WB7 and ZH need to leverage this kind of medium for communicating relationships between various Oligarch entities.
what is with the fucking music under this clip for the first 2.5 minutes?
good simplified layman's explanation, except for the 'union guy' as the root of all evil.
Someone should tell Glenn that the "China doesn't want our debt" ship has already sailed.
And he doesn't seem to know the difference between the Treasury and the Fed, not that there is any real difference anymore.
i agree mark, the Treas/Fed connection was way too simplistic...almost felt intentionally glossed over. the reference to the FRN as a 'debt note' was interesting though.
there is a mine of future material there SHOULD he wish to go there.
From Zyroh...
no one will solve anything till the most important political relationship is between elected representatives and their constituents, not donors. as much as i've tried, he won't go for a Campaign Finance Amendment. until that happens, all solutions will be created by congress' owners. and elections haven't changed that in 60 years or more depending on who you ask.
I agree. But its the part in the conrtitution that says "congress shall make no law". As soon as congress gave themselves the power to make laws, they became indispensible...and buyable. They also became criminals as far as i'm concerned.
The constitution must be upheld as it was intended...(and what it just blatantly says, too.) That will shrink the power of washington in general and return to more state and local oversight, with much more accountability.
I think you should work on that reading comprehension.
Glen Beck is a moron! Why would you push a 30% spread on PM? I never trust anyone who makes 32+ big ones a year to deceide whats best for me.
no he's a MORMON.
LMAO! I need the comic relief.
That was good! LMAO too.
+
ZH has friggin' Cramer all over this damn site. Does this reflect poory on Tyler? Not a linear relationship, but caveat emptor...for everyone.
Those are from google adsense moron.
Go here:
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Install the files according to instructions, and most advertising will not even get loaded by your web browser software!
Beck is on a journey that parallels the one I have been on. He's a nut, but does a lot of good in the world. People are waking up.
Beck has a flair for the dramatic, but when talking about something as exciting as economics to the great unwashed, it is necessary to keep the sheeple's interest.
I thought he did well explaining something so complicated in such a way that even a high school student could understand.
He doesn't talk down to his audience and tries to educate and inspire others to do their own research.
With an issue so complicated, it will take more than the common Tea Party member to stand up against the mighty FED as the sheeple can be easily silenced with economic double-talk. The sheeple will be made to feel ignorant and remain silent until its too late. And then the masses will arise with the tar and feathers and a rope in search of a tree.
Well maybe but he's clearly been bought and paid for by AIPAC. That should be most disturbing to the fanboi's but the heads are still in the sand about that.
Watch the YouTube video "Ben Goes Wild!!!" (http://youtu.be/jjEuRBtb79Q) and witness Ben unload himself onto the U.S. economy with MASSIVE QE2. Absolutely hilarious and extremely SEXUAL ;)
Beck -what a moron! The Fed, the QU2, the central banks that is outside of governemnt, that is unelected and unaccountable to anyone (except for 18 biggest banks.) A perfect topic to "teach" the viewers about? But no: Beck he had to dilute his rant with 90% unrelated crap and lies.
Why not just explain that QE = robbery of the workers, savers and resonsible americans in general? No enough, I guess...
What does Fed have to do with Harry Reid? What does Fed have to do with unions?
And by the way, Bernanke was appointed by Bush, and bailouts happened under Bush.
And if you bring pensions, that maybe 10% of employed population has, why not jsut say that wages are too high? Let's pay everyone 5 bucks per day, like in Mexico or China? Then we will be very competitive, and will even sell cheap crap to China and illegaly cross border to Mexico to work there. If that's what Beck wants - the wages that are comparable to the wages in China and Mexico, just say so! Let your moronic "base" know! Tell them that if they vote T-party in, in 4 years all of them will have a $5/day job. How many votes will they get?
http://en.wikipedia.org/wiki/Overton_window
He's very useful for misdirecting anger. That's why he's a very wealthy man.
Junk? Just call me Fred G. Sanford. The G is for Glenn, as in Glenn Beck is a tool.
What more junk? Just call me Fred G. Sanford. The G is for garbage, which is what this mainstream media whore sells for a living.
Elizabeth! I'm coming honey!
+1000
Wow! The Tea Party wants constitutionally limited government, no Fed, and fiscal dscipline. Sounds like a bunch of REALLY CRAZY kooks to me! <sarc off> As a ZH reader, I assumed that you might be supportive of these issues as well....
what i had been thinking for a long time now
So you believe that the people that were elected from the "Tea Party" movement are not going to be easily corruptible? Ha, I give them a week after being in Washington before they are in K-Street's pocket. Everyone on the hill is a whore pimped out by K-Street, regardless of party affiliation.
Misdirection. Every good lie has to contain elelments of truth to believe. Anybody who didn't already know this stuff (sans a few 'Beck' details) is just a sheeple ripe for the picking anyways. I wonder who he's going to finger as the 'puppet-master'.
The world is going to end in 15 days. Details to come in 2 days, stay tuned.
^Duh okay boss.
"wonder who he's going to finger as the 'puppet-master'."
Soros. what i wonder is where he's gonna put his right hand.
Wow b, Im utterly amazed at your ability to explain complex issues precisely and clearly. Your IQ must be 146.
How many viewers a week do you have again?
I'll put it bluntly - whutta dumb comment suited for bleeding heart liberals.
Ok, all you Beck haters, you should watch this. Its like a condensed version of much of what ZH has been saying for years, in 15 minutes, and in a format your parents can digest. On the 2nd most watched political commentary show in America...
I'm no Beck fan, and must now wash my eyes out with soap for watching that whole thing ... but he was mostly right and the sheeple need to hear it (even if it takes cartoon drawings to get it into their tiny little heads).
Unfortunately, it seemed that he wanted to lay the blame on the Democrats (as usual).
Sorry Glenn, the Republicans are just as complicit, if not more so. Let's just blame and imprison the plutocrats and be done with it.
Glenn is very well aware that Republicans are guilty as well. He is NOT a Republican. I think he is giving credit to the Repubs. today because they have had another "Come to Jesus" moment, and have joined the austerity camp. To his credit, he is one of the few (if not the only) person in the mainstream media who understands the outcome we are facing. Or at least he finds some importance in talking about it.
I'm gonna go out on a limb and say that he does a better job explaining this shit to the sheeple than any of us do. So to all of you "Fuck Glenn Beck", and "Douche" ers out there: Name one other person ANYWHERE who reaches the audience Beck does that even comes CLOSE to discussing the issues that we do here.
The so-called sheeple came away believing that unions and Democrats started this stuff 2 years ago. How is that helpful? Some objective explanation would have been better. Is misinformation better than no information?
I understand your point. I find fault with him on this: He sees this (or chooses to portray it) as simply a left vs. right thing. Most of us here understand that it is the system, ie. the sum of its parts that is the problem. He knows this didn't start two years ago; I think he sees the enemy TODAY as the Dems. or spenders in general, and is fighting his war in a simplified manner. How do you explain to a Oprahfied audience about League of Nations, the Fed, the Gold Standard, etc... without eyes glazing over? He is hard core in the austerity camp; what seperates him from many of those with him, is that he understands the true outcome.
I would accuse him of providing a lack of information rather than misinformation. My greater point is that he is the only MSM persona out there who is even trying to explain a bigger picture.
+ on that.
i don't think i could comprehend how to communicate this stuff to any audience. i can't even get a friggin foot in the door with my own extended family.
Charts
ES http://99ercharts.blogspot.com/2010/11/es_8582.html
TF http://99ercharts.blogspot.com/2010/11/tf_1648.html
http://www.zerohedge.com/forum/99er-charts
So, let me get this straight. The man has an audience of millions. He spends his shows trying to explain to the great unwashed J6P how he is getting screwed. This could actually help foster a revolt and the destruction of the Fed or at the very least motivate them to get ready for the collapse and buy some PMs instead of FRNs and he is a douche how? It is a bad thing that he is getting the average Joe interested in finding out more about the screwing that Ben Shalom is giving them? How? Or would you rather it would be John Stewart who spread the information? Would the ladies at "The View" make a better messenger? Perhaps Oprah raising the issue on her show would make you happier?
"The man has an audience of millions"
Millions of morons in America - who would have thought. That is why the Fed can get away with printing all this money - morons who believe it's worth something.
Beck mentions the public unions as the puppeteers instead of the wall street banking cartel. Ha ha ha. I like the way he fails to mention the billions of dollars that the financial services sector spends on lobbying the whores in congress. Although true that the public unions generate millions of votes for the lawmakers, he omits the wall street elephant in the room. Nice try Beck.
he's on fox so give him a pass on bashing the union pensions.. probably forced to do it.. but he should of did a pie chart of all the debt instead of just the pensions.. would sound less of a douche with an agenda
but still, not much of anyone talks about this so spread it around
The unions are a favorite topic of Glens, just not this episode.
It matters less who is saying it, and more that this is on TV. Remember, triggering a change in perception preceded changes in behavior.
GG
I guess it's just starting to dawn on people why this whole RepubliKeynesian hoopla about the Fed and monetization is happening.
Question: Monetization hurts what class of asset holders?
Is it holders of gold and precious metals? No. Is it holders of commodities? No. Is it holders of stocks? Hmm. No.
Well, what does that leave?
Question: What entities hold the largest amount of bonds?
Is it me? No. Is it you? No. Is it the government of China? No, actually, it's not - and yet they are Beck's poster child. All we hear about in the media is China buying our bonds. And yet the Chinese government owns just about 10%.
So who is it? Is it other Asian countries? Well, sure. Is it Europeans. Them too. Is it Americans? Yes, also them. But let's be more specific: what entities within those countries hold the most bonds.
That's right: Banks. Banks are obligate buyers of government bonds, aren't they.
So if QE creates a bond bubble, who won't be able to get clear of the "pop"? Who wil HAVE to take a loss in that instance.
That's right, banks.
don't forget that mysterious Household sector.
Good stuff. Beck and FN are warping my parent's heads in many ways but I would be okay if they warped them towards the honest causes for once. I was wondering the other day if Dylan Ratigan could emerge as a strongly followed voice in society like Beck. Given his seeming understanding of the markets, economy, etc it's plausible that he could become more widely followed over time, right?
Communist News Network (CNN) ran a piece on QE2 titled 'The 'magic' of quantitative easing'
http://www.youtube.com/watch?v=tZCyZedf6V8
Chris put together a nice summary.
Fed Monetizes Government Debt: $600 QE II Program Announcedhttp://www.chrismartenson.com/blog/fed-monetizes-government-debt-qe-ii/47277
The comments above are embarrassing. Glen Beck is part of the establishment. He stands for and promotes the complete corporate take over the government. This is fascism pure and simple. For you to say that Glen Beck is some sort of hero who explains complex subjects to the common people is utter BS. The tea party he says is so powerful has no real existence other than a creation of corporate power using mantras of "small government" and that Obama is a socialist and advocates big government. It is the corporations/the banks who have taken over the government. It is no longer government of the people, by the people, and for the people. It is government that protects and follows the directions of the elite of our country. Obama is a Wall Street stooge. He is not pro big government, his policies only use government to protect and enrich the corporate elite. FInally, Bernanke is a MONETARIST NOT A KEYNESIAN. PLEASE GET THAT CORRECT. To many on this site don't seem to know the difference.
There is a well-known parable about this (at least, if you're a Buddhist):
How does one get their children out of a burning house? You could panic and scream FIRE! -- indeed some would believe you and leave the burning building -- but what do you do to persuade those that DO NOT BELIEVE you? You tell them to come out and see a wondrous elephant that's giving out candy and other treats -- in short, whatever lie does the trick of getting them out of the burning building!
You can bitch about methods, which from your viewpoint look like they're puerile, but if the intent is to save someone from getting "burned" in the Great Implosion, what good is your bitching gonna do?
So, lying and misdirection is OK if it's for a good "cause".
Now there's some logic for ya.
Don't we have enough of that from our own government?
GB aside, you nailed it.
we can disagree on whether or not GB is guilty of this, but that lying and misdirection are always a 'bad thing' is spot-on.
few, if anyone i know have much trust in their big systems (gubmint, corporations, etc.).
i'm 'hoping' this will 'change' soon, but don't have much confidence in the trend-line right now.
China needs the US as much as the Fed needs deflation. That's right, the Fed NEEDS deflation.
The US dollar has a fever and the only prescription is more deflation.
Agreed.
So why print?
Printing keeps China more competitive by destroying global competition. This explains the phony accusations surrounding currency manipulation. The US and China are one, not rivals. It's the East Indian Company all over again and this time Sassoon is the Fed.
http://www.globalsecurity.org/military/world/war/opium-wars-kingpins.htm
Glenn Beck is a modern-day Jean Paul Marat. By the time this is over, I would bet money that good ol' Glenn will have serious blood on his hands. Sensationalistic, and overdramatic bastard...
I lke Glenn Beck. Many of you are too elitist in your attitude towards him. He gets the picture of how we are being screwed accross to millions in a simple way that they can understand.
Glenn Beck IS a member of the elite, fool. The same as those who pay him for his services (to them).
If you already know what QE is and what its effects are then his explanation is bunk.
It's simplistic to a dangerous degree and partisan in scope.
ZH reaches more people than GB online.
ZH - http://www.alexa.com/siteinfo/zerohedge.com
GB - http://www.alexa.com/siteinfo/glennbeck.com
GB clicks are flat. ZH continues to increase readership.
Come on junker - bring it.
Forget the junker(s). Thanks for the post. I will sleep just a bit better tonite knowing that more and more people are tuning in to ZeroHedge and fewer are watching the idiot box. Maybe the junkers are corpwhores...or worse.
i like GB, and ... agree with you! ... that more folks here would be a good thing.
not mutually exclusive concepts.
i just don't think most folks can handle ZH. i'm barely holding on with my fingernails, but trying all-the-same. bring 'em on.
an 'MTV' perspective of our trillions in debt is better than none.
You're doing just fine fight clubber. Especially the reference to Beck & The Hills in one breath.
umop, remember that a junk or two is simply a bit of positive feedback for rubbing folks the right way. Besides, if you're chafin' someone that much then you're scoring points in the ring of ideas and that's better than a digital blow job any day at Fight Club
Glenn Beck does in fact serve a useful purpose, just as Keith Olbermann does... just not the one imagined by their hapless followers.
When the herd starts moving of its own volition in a undesirable and threatening direction, it's always preferable to position a corporate media stooge out in front to lead it by playing to its sympathies, than it is to risk things developing organically into a situation that is uncontrollable.
The best way to defeat the opposition is to become the opposition.
I'm sorry, but GB is late for school. If this homework assignment had been turned in on time, it might have gotten some credit.
However, talking about stolen yard signs or second amendment remedies during the election is one thing. Waiting until after the election to begin talking about the real election issues is quite another.
I don't know if the American people will formulate the question: Why weren't you talking about this weeks ago?
I suppose late is better than never. But spin can make such things worse than ever.
Nice graphic depiction of QE, John. Enjoy your show.
not a big beck fan
I agree with most of what he's getting at in this clip, but he's just terrible at presenting it. Reminds me why I can't bear to watch him. It's painful to see him flub his way through technical matters, generalizing, and oversimplifying the truth into falsehood. Oh well, it's better than nothing, I guess.
Nope. It's not better than nothing. Leaving your audience totally confused except for the "fact" that all this is caused by unions and Democrats is not only disingenuous, it's dangerous. Misdirection causing social unrest is not desirable. It should come from a fully understanding populace. This presentation is not it.
Name 1 other show that has given an inkling of whats coming. If YOU had to try to get your point across in a 30 minute infomercial how garbled do you think it would get? If he'd slow down, get better information and lay it out over 5 days with out straying, I think the revolt would come. How long does it take to descibe the creation of money? Hoping others pick up the story and try to add on.
http://economiccrisiswatch.blogspot.com/2010/10/bill-black-on-dylan-ratigan-fire-holder.html
I'm sure that Ratigan will work for Fox soon ... MSNBC ... "You can't handle the truth"
No Bozo Glenn - it will be 15 days from the time we put a 30% import duty on these Commie Red produced products until that Communist Party Dictatorship that Glenn and everyone on Fox loves so much collapses into at least three different countries. Much like that other Commie Stalwart the USSR did.
You see we drive the bus and it's called Seigniorage. They are taking our worthless printed paper for valuable commodities and goods - BECAUSE THEY ARE COMMUNIST FOOLS! Who know nothing about Capitalism, like taking candy from a baby. They will learn the hard way. And Beck will curl up in a corner in the fetal position and suck his thumb until his baby tears end.
On a serious note an excellent white paper from the Levy Institute. Called
"Why the IMF Meetings Failed, and the Coming Capital Controls"
http://www.levyinstitute.org/publications/?docid=1318
Enjoy!
No you are not bliss. You are an idiot. Do you really think they give a shit about dollars? Let me describe the process. I will try to dumb it down for you. They loan us dollars. We buy their slave wage labor iCrap with the dollars and pay them interest for the privilege. They turn around an use the dollars to buy oil fields in TX, gold mines in Africa and lumber in Singapore. We get iCrap, they get real assets in exchange for slave labor. Who is the idiot here?
A 15% tariff? Give me a break!!. What do you think would happen to the prices of our iCrap if we imposed a tariff? Who do you think would pay the 15%. J6P, thats who you moron!
And to top it off, if we piss them off enough, they sell $800b in treasuries at a discount to Europe and Russia and crash our economy. Presto, instant sole world power status.
"but wait, but wait" you say in a tinny infantile voice, "They need our markets"
Really? Do you not think they could sell iCrap in Europe, South America or India?
"Ha, but those economies are tinny!!" Right, because they couldn't loan billions to those economies in order to get them to buy their iCrap.
They are already buying Greek debt in exchange for port access. Why would they want ports in Greece? To export their iCrap into Europe!
They are building infrastructure in Africa in exchange for diamond mines. Is it because they are soooo benevolent? NO, they want freaking diamonds. With lasers on their heads!
Dont you get it? Dollars are nothing but paper they can use to exchange slave labor for real stuff! and when we fall in this game of global musical chairs, they will be left owining the chairs, the music box and the freaking dance hall.
Damn you are dense!!!
Let me get the chalkboard - since that is the only way you Beck morons can understand anything.
China crap>US
US phony printed $s>China
China exchanges printed US $s> US debt in phony $
US take $ (from China) and buys F22s, F35s, B2s, Reapers, 12 Aircraft Carrier Battle Groups, etc...then invades and takes over the 2nd biggest oil reserve country IRAQ and biggest deposits of Rare Earth Elements - Afghanistan.
They get - paid back in more and more printed paper.
We get - worlds largest military (bigger then all the rest COMBINED!) and the Middle East's Oil.
The chalkboard don't lie...Wait Sarah Palin is on - go get your Vaseline.
generally we agree, although the end game is still open:
we give them small bundles o dollars for TVs. Lots of small bundles. Lots of TVs (remember, we don't make TVs anymore).
they use lotso bundles o' money to buy our treasuries (loan us back our money for interest)
treasuries not as liquid as they might like, but liquid enough to buy real american assets. (e.g. they don't buy chemicals, they buy dupont)
of course, they can't dump treasuries too quick, or market collapses on them (and us...), and they'll miss the low equity prices after the coming crash (they think in 10s/100s of years, not HFT minutes)
but you are correct, in that right now they are getting irritated because their outstanding loans and USD holding are rapidly becoming worthless. we win, right?
but wait, so are our pensions, SS checks, and savings accounts (ok, so mortgages being inflated out works for the debt holders...)
we sure showed them, didn't we.
that said, i believe they have their own set of unsustainable obligations as well, so i'm not worried about china taking over the world, but... i think the world, while over the USD-reserve -currency barrel, is smarter than you give them credit for.
on the twenty year plan, we discount the BRICs at our peril.
We heard the same thing about the Soviets in the 1950s - Sputnik, "We will burry you"Nikta. Then Japan in the 1980s and 90s.
How's that working out for them.
Bottomline it works like this:
Economic reality is dictated by Political reality
Political reality is dictated by Military reality.
We control the supreme Military in the world -game over.
Yes there will be winners and losers in the US - no doubt.
Always has been always will be. As a country we are on our fourth currency - we get stronger with each inflated away fiat system.
Why - because the Foreign fools buy in at the top. During Washington's time they were called Continentals, then we had Lincoln's Greenbacks, then the Private Bank Reserve notes of JP Morgan, now the Fed back paper US$.
This to shall pass, and will ruin China and the EM countries everyone is worried about. And we will get stronger as we buy their asset for 5 cents on the NEW Dollar.
Read "The History of the Big Board" by Robert Sobel.
it would serve my interests to simply hope you are correct, as i have been randomly placed on the correct side of your bet (US citizen, etc.)
but, with the advent of mass communications, cross-pollinated education (saudi's at harvard, etc.), i wouldn't be so certain that the historic losers are so certain to lose in perpetuity.
appreciating 'might makes right', there's also 'he who as the gold, makes the rules' and i believe the real wars in the future are going to functionally be on the forex front, vs any shoreline/border. fortunately we are well-armed on that front too. so far.
i don't see the US as "losing" in this, or the next, generation, as i also believe most large governments/cultures are at least as dysfunctional as we are. sadly, this gives me room for optimism. but the US is not immune to stupid behavior and/or consequences. we certainly seem to be testing that situation right now.
thanks for the book recommendation. i will pursue.
Really, we used phony money to build the military and took over Iraq to control their oil? So who got the oil contracts? Oh, yeah, China. Sounds like we got hired to deliver the 2nd largest oil reserve to our bankers.
And with Sarah I dont need vaseline. Look Keith Oberman is on, go get your dildo.
We will kick the Chinese and the Russainout when we feel like it. We need their buy in right now - at least until Iran is taken care of.
We have Federal Budget deficit of over 50% of our budget. The Wars in Iraq and Afgan, plus the DoD are a big part of that.
I'll trade .25% T-bills denominated in phony$ for F22s every time.
No the dildo is not my thing -but obviously you are well versed.
Explaining is useless goldsaver, Beck has $oros cyberstalkers
Yeah - you Beck guys are way to smart for me.
Everyone seems to think the Chinese are going to eventually stop buying which will effectively downgrade our bonds to junk. Doesn't that downgrade all the bonds they already own? Granted their leadership doesn't have to worry about congressional hearings - oh yeah, seems ours doesn't either.
I don't think that will hold them at bay forever. Eventually they will stop throwing good money after bad.
The Chinese are already moving away from dollars as a reserve currency, when it happens it won't be pretty
So now the fix is in. Does this mean money is going to move away from corporate bonds and into stocks?
What I don't understand is all the BS about ooooh don't get caught in a hot tub and oooh don't fly in an airplane and oooh you'll get assassinated is why doesn't William Black seem to live without getting offed? and why does Glenda? are they in danger for running their mouths?
What amazes me day to day is the amount of brainwashing that goes on during these programs on Fox. Sure some of the people talk some truth, but if you notice the words scrolling past on the bottom while people are talking such truths, the words talk about terrorist plots. The words talk about bombs going off. The words speak of fear here in the United States. It is all conditioning to support what is really going on....the continuation of the military-industrial complex and formation of more debt.
Amen, Biggs. Take a peek at the revolving red "alert" icon. It subconsiously appeals to the viewer's internal fear button. As you mentioned, some of Fox's "material/guests/what_have_you" are informative, but there is a dark edge present nearly 24/7. This propaganda is recognizable in other media outlets as well, but Fox appears to be the most effective at it.
This is not the Hail Mary or final antibiotic. The FED and powers that be haven't even started yet. It's definitely not the biggest bet in the history of the planet!
Not a bad summary for the masses, other than the f@cking drama. That's unnecessary...or maybe not. Shitballs.
Ugh, I hate Glenn Beck. He is the worst sort of huckster, mixing just enough truth to help all that crazy slide down nice and unnoticed. The guy is a talented entertainer (no doubt) but he learns just enough to become truly misinformed and dangerous. I think he is in thrall to the money party (corporate) agenda, leaving the res just far enough to appear opposed to that he supports.
But I guess the enemy of my enemy, if not my friend, can at least keep the other occupied.
Ron Paul is the real tiger in this fight, I can't wait to see his hearings with the Fed. He should invite Alan Grayson back as a consultant or some such crap, it's a shame he won't be there for the great poop toss. IMHO, the test for Beck and crew will be do they continue to support Paul if he gets some traction on the Fed and threatens to pull it down?
If there is one massive advantage to Republicans taking the House it was Ron Paul's capture of this subcommittee. I honestly cannot wait for the fireworks to start.
I hope he decides to ask decisive questions and demand answers instead of making long drawn out speeches like before.
That should be fun. But why do you think that Grayson would give a rat's ass now that he's lost his seat. Don't tell me you bought his 'concerned about the people' act.
Ron Paul said on Fox Bus today that there is not much that he or his committee can do.
on Wed, 11/03/2010 - 18:24
#697925
No Bozo Glenn - it will be 15 days from the time we put a 30% import duty on these Commie Red produced products until that Communist Party Dictatorship that Glenn and everyone on Fox loves so much collapses into at least three different countries. Much like that other Commie Stalwart the USSR did.
Hah! You so funny. No one can put tariff but America? No one else have trade poricy?
You so funny guy....hah hah!
No reed to have tariff, as rong as you keep raking our printed Monropoly money.
You still dont get it. Our monopoly money, that they get for selling slave labor produced crap, buys them real goods.
Look up the opium wars.
Yes, and the opium wars were settle by British "Gun Boat" dipolmacy. They sailed a Battleship into Hong Kong harbor and that settled things.
Look it up - moron
The best thing about Glenn Beck is that he encourages his viewers and listeners to educate themselves. Name one program on TV that would push even one viewer to learn the truth about the Fed. One.
YouTube - Dylan Ratigan MSNBC exposes Federal Reserve Con
http://economiccrisiswatch.blogspot.com/2010/10/bill-black-on-dylan-ratigan-fire-holder.html
Yep - that's one!
Dylan is the real deal. Glen Beck is a fucking pyscho. He's also just crazy enough to insert something wrong enough to mislead people as to the whole point. He points out the wrong real enemies and he diverts people from the truth.
He's a load of half truths, dangerous. The Tea Party has never marched on the U.S. Treasury or the FED. He'll have them chasing around George Soros and "progressives" instead. He'll convince IDIOTS that Fed Bankers are "progressives and communists".
That's the kind of psycho we don't need.
Well, good to know that the far left aren't the stooges of the banker-Fed complex, either. But the difference is that Glenn Beck is always pushing his viewers and listeners to read and self-educate. For example, on his radio program yesterday, he was reading excerpts from Edward Gibbon's "History of the Decline and Fall of the Roman Empire." He had a whole episode of his TV program dedicated to Hayek's "Road to Serfdom." Sure, he does his crazy Mormon stuff and is obsessed with his rallies, but unlike other talk shows (both left and right), he doesn't just do current events; he gets pretty deep into history and digs up stuff they never taught you in school. Just be glad there's someone out there telling millions and millions of listeners not to trust the Fed.
Yeah, he might as well ask them to read War And Peace -- in the original Russian.
If this idiot would stay on message, like this piece, he would be legit. Instead, he's caboosing up with dinging Palin and other douche bag " tea baggers."
It's really a shame the GOP captured the tea bagger movement- which is just a tax revolt- not George Bush Christian kookazoids.
In any case, the more people pissed at the Federal Reserve and Tim/ Ben Siamese sardines the better. It's explained as hyperinflation, but what Beck is speaking about is a currency crisis.
The market rally Was 100% orchestrated plus a shoot down of the paper gold price. To "legitimize" the decision by chief puppet master, Ben " shalom to your money" Bernanke.
Or as some people say, the less government can accomplish the Better.
First WB7 owns and loves Macs now this!
Honorary PHD in history for Beck and yes he is hard to watch a percentage of the time. He's a friggin Bush hater, that aught to be worth a few woodies.
Ow, ow, ow...this show needs the Monty Python big foot to come down on it hard.
Fear Mongers, Haters!!!
The Fed is just trying to bail out the banks.
The banks bought all those bad mortgages you people could not afford and defaulted on.
Fannie and Freddie bought all those mortgages so everyone had a house.
Barney and Dodd just helped out their constituents, Bush too.
They started sending jobs were sent away in the 70's. So the bastard children of those who decide could have a "nice job."
Now the equipment, the skills, the work ethic are all gone.
FDA is going to regulate your survival gardens. They have uniforms and act like military.
You stupid Americans deserve what you get. Ha, ha, ha!
The point is that they are trapped and they know it now. They are printing money and once a state starts to monetize it's debt, it's just a matter of time before it's economic system and currency implodes. He needs to keep the game going and is hopeing beyond all hope that this hailmary will work.
Banks will honor their debts or the whole shithouse will collapse. This is the objective. First and foremost.
Read this:
http://uruknet.info/index.php?p=m65575&hd=&size=1&l=e
My hope is Beck will rally his watchers/listeners to K Street and shut that fucker down! A few people here like to say "white trash", "sheople", "ghetto class", when in fact it will be these people who actually *SNAP* and hopefully besiege Manhattan. Anyone who actually thinks the "eggheads" will crawl out of their ultra chic condos and fight is delusional. No, it is these so called intellectuals that will piss in their fancy pants!
Only the "unwashed masses" can End the Fed and the sooner they are whipped up the better. Instead of belittling people (like so many do here) why not educate the masses and get them fired up to one cause...End the Fed...!!!
Beck gets an "A" for effort...Junk away!
Yeah, he will be arm and arm with Karl Rove and Dick Armey on their march down K street.
Boy do those guys hate lobbists!
Are you that stupid?
Dick Armey and Freedom Works hijacked the TARP outrage.
Dick Armey was one of the highest paid lobbist ON K STREET.
Knucklehead.
It's wannabe elites like you that are the problem and should be air-dancing right now. Sticks and stones........retard!
Elites like me! I'am an Elite because I can do a Google search? The folk on this blog are usually pretty smart.
Half the stuff Tyler posts must read like Greek to you.
You belong on the www.trailertrashrednecks.com blog.
You must live in SC
deleted
Do a google search on George Soros
WOW! There was more actual content in that one hour of the GB show than every single conversation that Obama has stuttered since he started campaigning for President. Imagine if Barrack tried as hard as Glen to speak the truth to the public.
Prove it.