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Guest Post: The Giant Cover Up

Tyler Durden's picture





 

From Mike Krieger of Kam LP

 

An end to "banking as we know it" is fine with us.  The "banking" in today's Western economies is simply a monopoly-distribution point for the dissemination of fiat currency.  Central banks have got to distribute money through banks because the alternative – simply distributing it to people – would reveal the scam for what it is.  By filtering the money-printed-from-nothing through banks, the process retains a mysterious quality.  It is also rendered more complex, which is necessary when one is promoting a Ponzi scheme.  Finally, bank distribution allows for a debt add-on that further controls the process.  The situation is incredibly destructive, ruinous and benefits, essentially, on a very people who are the most direct beneficiaries of central bank funding stream.

– The Daily Bell, Staff Report
http://www.thedailybell.com/

The Giant Cover Up

Much has been written about QE2, too much really.  However, today I want to take a step back and look at it from another angle.  QE2, or the latest round  of Federal Reserve quantitative easing is in all reality just a move of extreme desperation by what Max Keiser appropriately calls “financial terrorists” to cover up the recent coup d’etat of what was left of America’s wealth by special interests across the spectrum from politicians themselves, the military industrial complex and crucially the big Wall Street firms that gamble with taxpayers money all the while calling themselves banks.  At the center of the theft is and continues to be the Federal Reserve.  Using the financial collapse of 2008 as a smoke screen, the totally bankrupt large Wall Street firms using their puppet ex Goldman Sachs CEO and then Treasury Secretary Hank Paulson sufficiently scared our politicians to give them unlimited sums of money, suspend accounting for their bad assets and then go right back to gambling again and paying huge bonuses all the while never accounting for their assets at market value.  The hope from the perspective of the Federal Reserve has been that by pumping virtually unlimited amounts of newly printed money into the banking system (which is what quantitative easing is) they could create another fake Keynesian economic boom that would get people back to work and back to sleep again.  Housing prices would start rising again and none would be the wiser until the system collapsed again a few years later (which it would be guaranteed to do) but then it would be much too late to stop it. 

Fortunately for all of us, this is not the way things turned out.  Do you recall that as soon as the financial crisis happened there was this desperate attempt to “sell” the event as a failure of the free market?  This of course would have suited the interests of the elite perfectly as it would permit them to further consolidate power in the hands of very few.  Once wealth is established it can then be protected by a government that writes rules and regulations to benefit those elite and prevent opportunities for all others.  This is the easiest way to preserve wealth since you don’t have to compete with new geniuses that are born every day all over the world.  If all these traders and analysts at the big banks are so skilled then why are they so afraid of a level playing field with which to compete with hedge funds, mutual funds and just plain ordinary Americans?  It’s pathetic the way they hide under the government blanket.  Nevertheless, thanks to the internet and the study and hard work of many people that have explained how economics really works, the collective consciousness was able to see through this scam and never bought the “sell.”  It has taken time, but slowly but surely the truth is winning out the debate.  The TRUTH is that we do not and have not had anything remotely resembling a free market economy.  As I have said many times before, the most important price in any economy is the price of money which is in the interest rate.  In the United States we give the monopoly power on both the issuance of money itself and its interest rate to a small group of academics answerable to nobody.  This group is the Federal Reserve.  The head of this fascist organization is Ben Bernanke who seemingly committed perjury recently.  See the quotes below.

Ben Bernanke in from of Congress stated:  “The Federal Reserve will not Monetize the debt.”  Audio can be found here

Dallas Fed President Richard Fisher said this past Monday:  “The Federal Reserve will buy $110 billion a month in Treasuries, an amount that, annualized, represents the projected deficit of the federal government for next year. For the next eight months, the nation’s central bank will be monetizing the federal debt.”

These guys are the ultimate swindlers.  They say one thing and turn around and do another.  More important to me however is why did Ben Bernanke just do what he did even though it was a truly desperate act.  My answer is that the failure of the economy to have even a fake boom recovery with job growth risked further exposing all of the acts of financial terrorism committed by the Federal Reserve and the TBTF (too big to fail) banks.  Worse, they continue to rob and pillage and therefore the Fed will do “whatever it takes” to cover it up.  If that means flooding the world with dollars and destroying its value so be it.  Anything so that the perpetrators of the greatest financial crime in world history do not get caught and brought to justice.  But as I wrote recently, the tipping point has been breached, the Rubicon crossed, the zeitgeist of America changed and justice will be done though the heavens fall.  This will really accelerate into 2011.  Potential whistleblowers should start thinking about coming clean and protecting themselves now while they can.

Austerity for the Bankers before Austerity for Anyone Else

So all the rage in the media over the last few days have been the initial results from this “bi-partisan” (as if that means anything) Deficit Panel.  This is a mute point because until the issue of the TBTF banks and the rule of law are dealt with there can be no return of confidence to the economy and therefore no recovery.  The only thing that “austerity” will bring to the United States is civil unrest and complete collapse of the social structure.  The number one thing that has to be done right here right now is immediate return to real accounting for the TBTF bank assets.  If that means they are finished, then they are finished.  That is how America is supposed to run.  We ostensibly have the ability to deal with this situation in Dodd-Frank Act so what’s the problem?  My point here is this is the most important issue in America right now.  Anyone around the world that is paying even the slightest bit of attention and has a basic financial understanding knows these banks are zombies but are being kept alive because the vested interests pay off the politicians one way or the other.  We need to completely hit the reset button on the big banks.  As soon as we do this, we will show the world and the American people that we are serious about dealing with our problems and moving toward a real free market with the rule of law instead of the feudalistic crony capitalism we employ today.  Nobel Prize winner Joseph Stiglitz seems to agree with me when he stated recently: 

But there’s a broader sense of collateral damage that I think that has not really been taken on board. And that is confidence in our legal system, in our rule of law, in our system of justice. When you say the Pledge of Allegiance you say, with “justice for all.” People aren’t sure that we have justice for all. Somebody is caught for a minor drug offense, they are sent to prison for a very long time. And yet, these so-called white-collar crimes, which are not victimless, almost none of these guys, almost none of them, go to prison.”

The people we have running the show right now are not fit for the job which is why nothing changes.  We have children performing tasks that require the action of men.  This is just as much a social and cultural crisis as it is an economic and financial one.  Until we understand that we will never solve the problems we face.

All the best,
Mike 

 


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Thu, 11/11/2010 - 12:22 | Link to Comment bugs_
bugs_'s picture

Its the end of the banks as we know it, and I feel fined.

Thu, 11/11/2010 - 14:40 | Link to Comment tmosley
tmosley's picture

Well done.  I might have to use that one.

Thu, 11/11/2010 - 16:31 | Link to Comment I Am The Unknow...
I Am The Unknown Comic's picture

Fantastic!!!!  Thank you!!!

 

----"that's great it starts with TARP-baked-in Goldman snakes and contrail planes; Paul Krugman is not afraid......it's the end of the world as we know it!"

Thu, 11/11/2010 - 12:26 | Link to Comment SheepDog-One
SheepDog-One's picture

'With liberty and justice for all'....well as long as youre a multi billionaire Ivy league bankster criminal. Off to the front line meat grinder in the next coming world war or gulag forced labor prisons for the rest!

Thu, 11/11/2010 - 12:56 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Off to the front line meat grinder in the next coming world war or gulag forced labor prisons for the rest!

It doesn't need to be this way. Never have so many been so powerful yet felt so powerless.

What people are completely missing is that the Fed and the banking system, by pushing the system to the brink in order to frighten the people into ceding more freedom and control and to extract the last remaining unencumbered wealth from the middle class, have also given us the power to bring the system to a screeching halt in a few short months.

The more powerful the economic system is to sweep the individual away, the more power it gives to any group of people who wish to coordinate their actions. Right now that's the wealthy elite and the banking cabal. The banking system's power is also it's ultimate weakness. If just 20 or 30% of the US population stopped paying their bills for 3 months, it would all end quickly.

The domino effect would quickly overwhelm the system. This couldn't be done tomorrow. We would need to take a few months to prepare by stock piling food and other perishables, including medications, PM's etc. Then we hit the reset button. The power is in our hands folks. We just don't know it. They have us convinced that the weapon can only be used in their hands. This is false.

 

Thu, 11/11/2010 - 13:03 | Link to Comment SheepDog-One
SheepDog-One's picture

No doubt! I've been telling people rip up your credit cards, dont use BIG banks in particular, dont get loans, dont buy crap you dont need with finance...the people have all the power to shut them down but most are in the bank Matrix, they just cant help themselves! 

Thu, 11/11/2010 - 13:36 | Link to Comment VegasBD
VegasBD's picture

When you no longer need or care about your FICO score, getting credit cards is a lot more fun. That last few that were dumb enough to give them to me bought more silver sitting in my safe.

Thu, 11/11/2010 - 13:24 | Link to Comment macholatte
macholatte's picture

I nominate you (CD) to replace Keith Olberman.

Thu, 11/11/2010 - 13:30 | Link to Comment Max Hunter
Max Hunter's picture

You are exactly right CD.. We hold all the power but yet sit powerless and allow ourselves to be "ruled" rather than governed..

Thu, 11/11/2010 - 13:39 | Link to Comment Mariposa de Oro
Mariposa de Oro's picture

CogDis, should we both find ourselves in a FEMA camp, I hope to be sharing yours.  Beware the midnight door knock...

;o)

Thu, 11/11/2010 - 13:42 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

They don't knock. They just break and enter.

Thu, 11/11/2010 - 14:06 | Link to Comment Things that go bump
Things that go bump's picture

And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say good-bye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling with terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand? After all, you knew ahead of time that those bluecaps were out at night for no good purpose. And you could be sure ahead of time that you'd be cracking the skull of a cutthroat. Or what about the Black Maria sitting out there on the street with one lonely chauffeur--what if it had been driven off or its tires spikes?

The Organs would very quickly have suffered a shortage of officers and transport and, notwithstanding all of Stalin's thirst, the cursed machine would have ground to a halt! If...if... We didn't love freedom enough...

Aleksandr I. Solzhenitsyn, The Gulag Archipelago (1973). Excerpt from Footnote 5, Chapter 1.

Thu, 11/11/2010 - 14:59 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I'm a very vocal local activist who lives within a mile of a military base that doesn't like me because I occasionally picket outside their main gate while open carrying. That really pisses off people who are used to giving orders and having them obeyed. 

So I'm regularly rousted at all hours of the day for various bullshit reasons by the local PD who are the messenger boys for the local base commander. They don't scare me. Which is why they continue to screw with me. I suspect I'm on the list of the first to be picked up when the hammer goes down. Whatever. It won't shut me up.

I learned long ago that they are more frightened of what I represent than I am of what they represent.

Thu, 11/11/2010 - 15:17 | Link to Comment Max Hunter
Max Hunter's picture

Well said CD.. Our fear is their most powerful weapon.. I won't give it to them either..

Thu, 11/11/2010 - 15:50 | Link to Comment Things that go bump
Things that go bump's picture

I put in that Solzenitsyn quote every time someone mentions people being rounded up and carted off to camps, because this has happened before (how many times within the last century alone?), and I don't consider it outside the realm of probability here.  The preparations are all around us, in the unnecessary and humiliating body scans and searches at the airports, the constant demand to see our identification, the cameras in the streets.  While this is a personal decision, of course, I would prefer that we not go like Jews to the gas chamber.  I practice civil disobedience on a daily basis. 

Thu, 11/11/2010 - 16:41 | Link to Comment Metropolis_Minx
Metropolis_Minx's picture

CD: This is a reply to your earlier post, actually...

I stopped paying my mortgage 3 months ago and it's been a combination of thrill and panic. The panic comes with the daily threatening letters in the mail from Citi...and the phone calls that we don't answer although we know it's "Them". We really had no choice when we first started missing our payments...but 3 weeks ago the boy found a job and we decided they could just pry the house out from under us. We know what's coming. And although it didn't start out from a place of courage, it's ending there. I love my house, don't get me wrong, but I love my freedom and dignity more.

...always enjoy reading your posts, CD.

 

M_M

 

 

Thu, 11/11/2010 - 17:10 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Good luck.

As I stated in that post, after consulting several attorneys and settling on one, I have begun placing the money I would normally be sending to the mortgage servicer in an escrow account because I believe my mortgage has been sold more than once to various "trusts".

I regularly have problems at tax time because the interest I pay isn't being recorded and reported to the IRS properly. I get several 1098's from several banks every year for the same mortgage. Which causes me to be audited every year because the IRS says the banks don't make mistakes, so I must be cheating.

I demanded to see the note to no avail and gave them 90 days. So now I go to the mattresses.

Thu, 11/11/2010 - 13:57 | Link to Comment Northeaster
Northeaster's picture

We would need to take a few months to prepare by stock piling food and other perishables, including medications, PM's etc.

Some of us have been doing this for a while.

Thu, 11/11/2010 - 14:27 | Link to Comment 1100-TACTICAL-12
1100-TACTICAL-12's picture

Let's do it, I'm as ready as I'll ever be...

Thu, 11/11/2010 - 22:52 | Link to Comment kiwidor
kiwidor's picture

Wrong.  Stop paying your bills and slush funds will appear magically for the creditors.  When are you going to stop rationalising and start shooting? CD, they know all that 3 months prep shit is never gonna happen.  it's now or never.

When is it going to stop?  When there are rivers of blood flowing in NYC and Washington DC and when those who try to stop the people's justice are torn limb from limb or put down with their own weapons.  That is when it will stop.

If you want a peaceful revolution(a stupid idea if ever i heard one) you have to affect the transfer mechanisms of the banks.  Banks who cannot settle are in Big DooDoo.  ATM's which can't contact HQ are prone to be emptied by people with large trucks and a crane.

 

There's a destination a little up the road

down a man-hole cover there's junction we know

a little snip here and they won't ring the phone

a little snip there and their mind's gonna blow

 

To big to fail with their 'federal' handouts

I got big bolt-cutters and concrete saw

Blades spinning fast just cut those pipes just cut those pipes

 

 

Where it's at

I got big bolt-cutters and concrete saw

Where it's at

I got big bolt-cutters and concrete saw

Where it's at

I got big bolt-cutters and concrete saw

 

Open that throttle and the cuts just flow

a knife through butter and it's time to hit the road

the air waves are clear cos the transmitter's blown

nothin' on the radio nothing on the tube

what ya gonna do? what ya gonna do?

what ya gonna do? what ya gonna do?

there's nothing on telly and no work to do?

what ya gonna do? what ya gonna do?

 

Where its' at

I got big bolt-cutters and concrete saw

Thu, 11/11/2010 - 20:45 | Link to Comment goldsaver
goldsaver's picture

 If just 20 or 30% of the US population stopped paying their bills for 3 months, it would all end quickly.

You will not get 20% of Americans to stop paying their bills. Sad but true.

But if "money is debt", getting rid of all debt gets rid of "money". I have to think a bit more about this and might need some help from ZH'ers but, we need to formulate an action plan that is both "legal", palatable to J6P, easy to explain and effective. I for one, have a year of food and water. My only debt is my mortgage. And I currently plan to remove all my money from my bank accounts and close them December 7th. Will be difficult, but I'm preparing for it.

Thu, 11/11/2010 - 22:07 | Link to Comment StychoKiller
StychoKiller's picture

Two-word explanation:  TAX STRIKE!

Thu, 11/11/2010 - 23:00 | Link to Comment Rhodin
Rhodin's picture

The banking system's power is also it's ultimate weakness. If just 20 or 30% of the US population stopped paying their bills for 3 months, it would all end quickly.

The domino effect would quickly overwhelm the system. This couldn't be done tomorrow. We would need to take a few months to prepare by stock piling food and other perishables, including medications, PM's etc. Then we hit the reset button. The power is in our hands folks. We just don't know it. They have us convinced that the weapon can only be used in their hands. This is false.

 

Seems like a great way to celebrate Independence Day!  So how about 7/01/11 ?  That should give folks time to prepare and stock up.  Anyone still in the big banks could move their account on the first.  Then there is that little detail of recruiting 20-30%.  Know a good viral ad guy?

 

Thu, 11/11/2010 - 12:25 | Link to Comment Fraud-Esq
Fraud-Esq's picture

Paulson lied, said TARP would be used to buy toxic mortgages. He said things changed drastically in a week, changed his mind. Researchers at MIT proved last month that things didn't change drastically in the week Paulson claimed. He should be brought before Congress to answer to the MIT study. 

The intent is to cover up crimes and protect the top of the pyramid. YES. Funny thing is, the very top of the pyramid doesn't contain banker pimps, but covering up their crimes is part of the goal that serves the top capitalists. The pimp bankers wired it that way. "You want your money back? Then, I live.."

Thu, 11/11/2010 - 12:27 | Link to Comment SheepDog-One
SheepDog-One's picture

Hmm, well where IS Paulson? Anyone seen him since then? Off to Portugal right after those hearings I'd bet.

Thu, 11/11/2010 - 13:31 | Link to Comment Ripped Chunk
Ripped Chunk's picture

Paraguay sounds right. 

I still blow a gasket every time I recall his Congressional  "testimony". Kept looking at his watch because he knew he would be going back to being a rich cocksucker in a few hours. Just need to get this inconvienence over with.

Thu, 11/11/2010 - 12:25 | Link to Comment sheeple
sheeple's picture

IceCap has a new piece:

http://icecapassetmanagement.com/

Thu, 11/11/2010 - 12:26 | Link to Comment LongSoupLine
LongSoupLine's picture

May Ron Paul bring tactical nukes to the fight!

Thu, 11/11/2010 - 12:26 | Link to Comment apberusdisvet
apberusdisvet's picture

Unfortunately, it's going to take pitchforks, folks.

Thu, 11/11/2010 - 13:34 | Link to Comment Triggernometry
Triggernometry's picture

Pitchforks and hoes, don't forget the hoes.

Thu, 11/11/2010 - 14:34 | Link to Comment Problem Is
Problem Is's picture

Hoes and torches...

Don't forget the torches, bitchez...

Thu, 11/11/2010 - 14:38 | Link to Comment Rusty Shorts
Rusty Shorts's picture

 - and lots of good 'ole rope.

Thu, 11/11/2010 - 12:31 | Link to Comment goldmiddelfinger
goldmiddelfinger's picture

I picked the wrong day to stop sniffing Glade aerosol but then again Ben Bernanke has all of the model airplane glue

Thu, 11/11/2010 - 12:32 | Link to Comment Matxeu
Matxeu's picture

You don't say

Thu, 11/11/2010 - 12:32 | Link to Comment yabyum
yabyum's picture

Some tar and feathers too.

Thu, 11/11/2010 - 12:38 | Link to Comment SheepDog-One
SheepDog-One's picture

As the article points out, it really is the jackass politicians fault bottom line, being lead around by Paulsons scare tactics of martial law and demands for blank checks and a 'no-look' FED operating license. Ridiculous!

Any sane system of Govt RIGHT THEN should have put a freeze on the whole damn thing with criminal cases opened and launched hearings into what in the HELL was actually going on!

If I, a nobody retired Marine instantly smelled total BS, our entire Congress also should have!

Theyre all responsible for this present worst-ever economic mess in human history, and must be made to pay, with piano wire IMO.

Oh and BTW, to whatever assclown who saw fit to junk my above posts for no reason, eat shit and die!

Thu, 11/11/2010 - 12:45 | Link to Comment NotApplicable
NotApplicable's picture

The only sane system of govt. is self-government. All others are merely armed mad-men.

/Semper Fi ('84-'90)

Thu, 11/11/2010 - 13:24 | Link to Comment Sean7k
Sean7k's picture

+ and thank you for your service.

Thu, 11/11/2010 - 12:54 | Link to Comment pazmaker
pazmaker's picture

Happy Veterans Day

Thu, 11/11/2010 - 13:43 | Link to Comment Mariposa de Oro
Mariposa de Oro's picture

I love Marines, especially retired ones!  Happy Veteran's Day from one Vet to another.

Us Army 1984-'88

:o)

Thu, 11/11/2010 - 14:39 | Link to Comment Rusty Shorts
Rusty Shorts's picture

Thanks, USMC 1983 - 1987.

Thu, 11/11/2010 - 14:06 | Link to Comment Fearless Rick
Fearless Rick's picture

Just saw your post and wanted to wish you a good Hoo-Rah! on Veteran's Day. (sorry if I got the spelling or nomenclature wrong. I never served.)

 

Thank you and all your brothers. My dad (RIP) served in WWII. Glad in a way he's not around to see what's happening to his country.

Thu, 11/11/2010 - 14:55 | Link to Comment PlausibleDenial
PlausibleDenial's picture

I put in 9 year and am ready to lock and load.  I at times lie in bed wondering if I ever got a terminal disease who would be the first I would take out.  US ARMY 70-79. 

Thu, 11/11/2010 - 20:54 | Link to Comment goldsaver
goldsaver's picture

Flip of the coin between Bernanke, Paulson, Pelosi or Soros. So many targets, so little time.

Thu, 11/11/2010 - 12:33 | Link to Comment ninja-ish
ninja-ish's picture

End all usury. Period.

Thu, 11/11/2010 - 12:43 | Link to Comment nazir2000
nazir2000's picture

thou shalt not take interest

 

 

Thu, 11/11/2010 - 12:43 | Link to Comment nazir2000
nazir2000's picture

thou shalt not take interest

 

 

Thu, 11/11/2010 - 13:26 | Link to Comment Sean7k
Sean7k's picture

If so, why would I lend capital? End fiat debt, that I can work with. Then your debt is being used to create goods and services and benefits many people.

Thu, 11/11/2010 - 13:45 | Link to Comment Max Hunter
Max Hunter's picture

Money that is multiplied through reserve banking practices should have minimal interest (<1%) and be used only for building of wealth by citizens; i.e. Housing and Construction. This would facilitate the accruing of wealth. There should also be strict guidelines such as 50% down as to not create a bubble and minimize any losses.

Money that is saved and lent out for investment i.e. business and commerce should be done so at a higher interest rate (3-5%) to reward risk of capital.

There should and could be 2 different forms of investment and money supply.

We need a new monitary system and a new way of thinking about money. We need to allow for people to build wealth. Once you subtract all of the taxes and interest one pays it leaves little room for wealth creation. This needs to change.

Thu, 11/11/2010 - 14:58 | Link to Comment ninja-ish
ninja-ish's picture

You aren't supposed to lend capital. You're supposed to invest. Or give charity. Lending is the devil's work. It inevitably makes the rich richer and the poor poorer. Which is what we have today. Goodbye middle class!

Thu, 11/11/2010 - 15:20 | Link to Comment Sean7k
Sean7k's picture

Then where does investment come from? It is capital. There is nothing devilish about lending. It is how entrepreneurs have the opportunity to create wealth, production, goods and services. 

Did you think this would appear by magic? This argument was resolved in the 1600's. It rewards those that save and provides employment to the poor. Marxism is for morons.

Thu, 11/11/2010 - 12:34 | Link to Comment Turd Ferguson
Turd Ferguson's picture

This guy, Krieger, is the one person who consistently "gets it". The only thing he gets wrong is this: "This is a mute point because until the issue of the TBTF banks and the rule of law are dealt with there can be no return of confidence to the economy and therefore no recovery." Points are not "mute", they are "moot". Other than that, 100% spot on correct.

+++++++++++++++++++++++++++++++++++++++++++++

+++++++++++++++++++++++++++++++++++++++++++++

+++++++++++++++++++++++++++++++++++++++++++++

+++++++++++++++++++++++++++++++++++++++++++++

+++++++++++++++++++++++++++++++++++++++++++++

Thu, 11/11/2010 - 12:46 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Joey: All right, Rach. The big question is, "does he like you?" All right? Because if he doesn't like you, this is all a moo point.
Rachel: Huh. A moo point?
Joey: Yeah, it's like a cow's opinion. It just doesn't matter. It's moo.

 

http://www.youtube.com/watch?v=4ifdqEmlx-I

Thu, 11/11/2010 - 12:47 | Link to Comment NotApplicable
NotApplicable's picture

Well, it's kind of mute, since the MSM never talks about rule of law while discussing banks.

Thu, 11/11/2010 - 12:50 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

Points are not "mute"

I once knew a point that was a mime.  Take that :)

Thu, 11/11/2010 - 13:05 | Link to Comment Oh regional Indian
Oh regional Indian's picture

In the current context though, I thought mute was kind of fitting/funny.

On the topic of the giant cover-up, ho-hum.

Too much wiseacering, no action. None.

Even Ron Paul will surprise, for all the wring reasons.

We've got to get out of dominant paradigms, think ahead/afresh/anew.

Let us leave this beast to die it's own death.

I'm looking forward, forward looking, the lessons of the past remaining only in their essence. I suggest everyone try to do something similar.

ORI

http://aadivaahan.wordpress.com

Thu, 11/11/2010 - 13:33 | Link to Comment Turd Ferguson
Turd Ferguson's picture

Also, since its now "late morning Thursday", I thought I'd better stick this someplace.

So far, so good.

 


 Turd Ferguson 
on Wed, 11/10/2010 - 10:06
#716122

 

More likely, consolidation with the new "reality" of higher margin requirements. Sideways between 1390 and 1405 until late morning tomorrow. PMs then begin to breakout and head higher in advance of $10B POMO on Friday.

If I had to guess right now, on Wednesday morning, Gold finishes the week around 1415-1420, silver maybe 28.50-29. Another solid, up week. Volatile but solid.

Next week should be a lot of fun with new highs in both as we get $33B in POMO by Thursday. Gold to 1450 and silver to 30, at least.

Thu, 11/11/2010 - 15:34 | Link to Comment Pegasus Muse
Pegasus Muse's picture
How are you feeling about the miners?  A big sell-off in equities and the miners will get spanked.  I'm still holding 'em but tightening up my stops.

 

Insider Selling Hits All Time Record Of $4.5 Billion In Prior Week As Everyone Is Getting Out Of Market
Thu, 11/11/2010 - 16:15 | Link to Comment Turd Ferguson
Turd Ferguson's picture

The miners are just now starting to move. Buy all dips.

Why would the overall equity "market" selloff anyway when there is $107B in POMO coming over the next 30 days?

Additionally, a re-post:

 

Well, I did it.

At the urging of several fellow ZHers, I've started my blog. Mainly this will allow me to post charts so that anyone can see how I form my opinions.

http://tfmetalsreport.blogspot.com/

I look forward to any and all feedback. Thanks! TF

 

Thu, 11/11/2010 - 12:36 | Link to Comment Fraud-Esq
Fraud-Esq's picture

Tony Montana and banks... http://www.youtube.com/watch?v=WB0FTnaibjo

Joe Pesci wants his money back...  http://www.youtube.com/watch?v=hchmmq1NkWA

Thu, 11/11/2010 - 12:36 | Link to Comment Timmay
Timmay's picture

In the end, who holds the gun and who' s head is it pressed to?

 

Either way, someone gets shot.

Thu, 11/11/2010 - 12:37 | Link to Comment mule65
mule65's picture

http://peterschiffblog.blogspot.com/2010/11/true-purpose-of-qe2-is-to-di...

 

The true purpose of QE2 is to disguise the decreasing ability of the Treasury to finance its debts.

Thu, 11/11/2010 - 12:40 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

As global demand for dollar-denominated debt falls

 

Bwwwwwwhahaheeeeeheeeeehhhaaaaaaaaaa Whewwwwww .......

Thu, 11/11/2010 - 12:38 | Link to Comment Fractal Leverage
Fractal Leverage's picture

Nothing new here...

Thu, 11/11/2010 - 12:43 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Turd beat me to it. My post is now moot.

Thu, 11/11/2010 - 12:46 | Link to Comment truont
truont's picture

Austerity for the Bankers before Austerity for Anyone Else

+$600 Billion

Thu, 11/11/2010 - 12:46 | Link to Comment Jean Valjean
Jean Valjean's picture

"This is just as much a social and cultural crisis as it is an economic and financial one."

True.  And even though 80% of zerohedge would agree with the financial corrections that need to take place, it is interesting to me, that we would break into factions regarding how to correct the underlying disease.

It is my belief that the desease is moral.  I bet 50% of zhers don't even beleive in absolute truth! 

Thu, 11/11/2010 - 13:10 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Could not agree more overall. Moral though might be too broad/weak.

I think the disease is one of dis-ambiguation from our "self".

No one knows what is their original face and what is the nurture created dysfunction we call ourself.

The current model does not reward introspection. It rewards a factoid driven life.

Such is how it is.

ORI

http://aadivaahan.wordpress.com

Thu, 11/11/2010 - 13:22 | Link to Comment Jean Valjean
Jean Valjean's picture

And if I were going to narrow it down, I would say that the disease is a rejection of our creator.

Thu, 11/11/2010 - 15:54 | Link to Comment Green Leader
Green Leader's picture

That is what he is saying, in very abstract terms.

Thu, 11/11/2010 - 13:33 | Link to Comment Sean7k
Sean7k's picture

I would never be so closed minded. Absolute truth? There is nothing absolute in nature. If people want to adopt someone's idea of a model for morality- fine, but keep it to yourself. I have a enough problems dealing with debt slavery- my mind is the only place left I can be free.

Thu, 11/11/2010 - 12:49 | Link to Comment RobD
RobD's picture

Speaking of cover ups, I see they have "found" a plane that happened to be in the area when the missile was fired off of LA. So let me get this strait, A plan flying from out in the Pacific at altitude on it's way to Phoenix looks just like a missile launched from the surface of the sea 35 miles off LA. Ya I'm buying that along with the bridge that is always for sale in Brooklyn.

 

They really must think we are a bunch of tards.

Thu, 11/11/2010 - 12:49 | Link to Comment SheepDog-One
SheepDog-One's picture

They think we're ALL fukin idiots RobD! 

Thu, 11/11/2010 - 13:50 | Link to Comment Mariposa de Oro
Mariposa de Oro's picture

Can you really blame them?  I mean look at who we made "president".  I think we're effing retards too, at least a slight majority of us are.

Thu, 11/11/2010 - 14:27 | Link to Comment SheepDog-One
SheepDog-One's picture

Well yes, hidden in my post was the line 'They think we're ALL idiots'! Meaning that while most americans are a bunch of fuktards, not all of us are at all! 

In this present state we find ourselves in theres the 'chosen elites', and the 'peasantry', the chosen elites make the huge mistake that all of the peasantry are drooling morons fixated on an XBox or boobies all day long...many of us are smarter than they are in fact! Thats where the 'elites' always stumble and fall, they believe their own hype.

Thu, 11/11/2010 - 13:53 | Link to Comment Max Hunter
Max Hunter's picture

Correction.. They KNOW that at least 85% of us are idiots. The rest of us they don't care about because they KNOW the 85% won't listen to the rest of us.. ;-)

Thu, 11/11/2010 - 14:28 | Link to Comment SheepDog-One
SheepDog-One's picture

Yes, but that 15%, or 3% in the Revolutionary War, can end up being very pesky indeed!

Thu, 11/11/2010 - 15:40 | Link to Comment Max Hunter
Max Hunter's picture

Indeed!!!

Thu, 11/11/2010 - 21:45 | Link to Comment goldsaver
goldsaver's picture

So thats what they launched off LA!!

Thu, 11/11/2010 - 13:27 | Link to Comment chubbar
chubbar's picture

Well, A 47 story steel building fell at freefall speed into it's own footprint from some random paper fires. This ain't nothin compared to that whopper.

Thu, 11/11/2010 - 12:49 | Link to Comment lolmaster
lolmaster's picture

Uhhh brian we need some POMO here ... stat! f'ing eurofags are hemorrhaging out the ass!!

Thu, 11/11/2010 - 12:49 | Link to Comment MGA_1
MGA_1's picture

Well, it's gonna sputter along until it's collapses.

Thu, 11/11/2010 - 12:54 | Link to Comment Bob
Bob's picture

100% on the mark.  Unfortunately, a popular uprising is going to be necessary.

Fortunately, people in other developed countries--Greece, France, England--are getting it.

Now check out Germany:

http://axisoflogic.com/artman/publish/Article_61620.shtml

Our day will surely come. 

Thu, 11/11/2010 - 13:40 | Link to Comment aerojet
aerojet's picture

They're not getting anything.  Those fuckers are rioiting just to keep their benes, they have not made the connection regarding who is to blame for the mess.

Thu, 11/11/2010 - 14:23 | Link to Comment Bob
Bob's picture

They're getting off their asses for principles, whether you respect those or not.  The English and Germans specifically identified bankster bailouts. 

What they're getting is that passivity doesn't cut it.  That puts them a step ahead of Americans at this point. 

Fri, 11/12/2010 - 01:49 | Link to Comment i-dog
i-dog's picture

The riots in Greece, then France, then ....... are being planned by the PTB. They have the big public sector unions in their pocket and they are using them as agents provocateurs to spark the chaos from which the "silent majority" will demand strong government action to crack down on the rioters and protect property. A bonus for the PTB is that governments will "listen to the people" and implement only token austerity and keep borrowing and printing. It's part of the fucking plan! Ordo ab chao.

So, don't do what they WANT you to do ... don't riot ... just take silent actions -- like: buying PMs; paying off debts; withdrawing all cash from TBTF banks; being prepared for food, water, power and clean air shortages. Go off the grid, get your families and friends to do the same ... and beware of sudden 'flu' epidemics.

The only proactive action that I would recommend is to get the States to secede from the Union and set up their own banks and local currencies.

Fri, 11/12/2010 - 11:53 | Link to Comment Green Leader
Green Leader's picture

¿Clean air shortages?

"We have PhD opportunities for earth system science modeling, especially for mineral aerosol interactions with biogeochemistry and climate for current, past and future. Please contact Natalie Mahowald and apply to the Atmospheric Sciences program."

http://www.eas.cornell.edu/

Chemtrails, bitchez!

Thu, 11/11/2010 - 12:54 | Link to Comment sabra1
sabra1's picture

Hardly Used!

Thu, 11/11/2010 - 12:54 | Link to Comment DollarDive
DollarDive's picture

There once was a fiat called Euro

Its' value moved closer to zero

It was said by the masses, we best cover our asses

as they commenced printing unlimited dinero

Thu, 11/11/2010 - 12:56 | Link to Comment antidisestablis...
antidisestablishmentarianismishness's picture

Paranoid much?  Bad ideas are not necessarily purposefully evil plots.

Thu, 11/11/2010 - 13:02 | Link to Comment Bob
Bob's picture

Just a series of fortuitous coincidences for the people running the operation, you think?

Thu, 11/11/2010 - 13:36 | Link to Comment Sean7k
Sean7k's picture

However, in this case they are. Open your eyes much?

Thu, 11/11/2010 - 12:57 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

i keep telling ya'll...stomping ur feet and yellin' "please stop fucking us over" aint gonna do a damn thing...ur dealing with sociopaths...no conscious & prepared to do 'anything n order to maintain their position, wealth and status...they will only respond to that which they have used repeatedly against those with the balls to say "fuck it...bring it"...

citizens, its either ride or die a slave....

Thu, 11/11/2010 - 12:57 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

The "banking" in todays western economies is simply a monopoly-distribution point for the dissemination of fiat currency.

The "banking" in todays western economies is simply a fiat-distribution point for the dissemination of monopoly currency.  There.

Thu, 11/11/2010 - 13:01 | Link to Comment New Revolution
New Revolution's picture

Welcome to the New American Revolution.    You'd better have a replacement because revolutions can easily spin out of control because there are people who want it that way so that they can come back in with their version of what will work.    That's how Russia ended up.   

Do you really think the elites in America won't try and do what Lenin did?   And just who do you think sent Lenin back into Russia with his pockets stuffed with gold.    So you don't have to keep guessing, the answer is the elitist aligned with ours.   Its the 2B2Fail,Bail,Jail's.   The very Banksters who own the Federal Reserve Bank, BIS, Bank of England, et al.

Yes, our Central Bank is at the center of it all.   It is the common denominator.   And it has to be yanked from the earth and destroyed.    But then you have to make sure you have something to replace it with.

My suggestion is a 2/5th U.S. Govt owned and publicly traded 'Suffolk' styled bank within a Gold Standard whose purpose is solely to maintain a stable currency and that is all.

The rest collapses under its own weight.   End most of the new financial instruments created over the last 20 years along with undelivered naked shorts, put the people who where at, or aided and abetted the 3.11.08 meeting at the NYC Federal Reserve in jail for a long time and America's Ship of State will right itself quickly.

We have until 2012 to do it peacefully.   If we are not well on our way it will revert to bloodshed.   That I can pretty much historically guarantee you.

Welcome to the New American Revolution....

Fri, 11/12/2010 - 02:48 | Link to Comment Sunshine n Lollipops
Sunshine n Lollipops's picture

OK. But will I still be able to trade forex?

Thu, 11/11/2010 - 13:02 | Link to Comment Crab Cake
Crab Cake's picture

"The number one thing that has to be done right here right now is immediate return to real accounting for the TBTF bank assets.  If that means they are finished, then they are finished.  That is how America is supposed to run."

There is no more America. The one you refer to was murdered, and has been replaced by a doppleganger. It's about control, power, and money.  The two party illusion, the police state (see things like the TSA hoopla), the war on drugs, the lies and false flags that brought about oil protection wars, the suspension of accounting rules, the bank bailouts...etc...etc... all of it to maintain power and control. 

The idealized "America" is no more.  Freedom is a thing of the past.

If we want our America we're going to have to fight and bleed for it.  The only other option would be an allout boycott of work, banking, investing and trading, mortgage payments, and tax payments... but I'm not sure the sheep have the will for such a move; the I me my instinct is too strong. 

The alternative to actions would be to wait for the collapse, unfortunately there is most likely a world war between here and there; as it is the ultimate distraction.

Justice for all?  Only if the citizens are willing to reclaim it with torches, pitchforks, nooses, and shotguns. 

Thu, 11/11/2010 - 13:14 | Link to Comment blindman
blindman's picture

@.." torches, pitchforks, nooses, and shotguns. "

distractions.  the fool's weapons of choice.  you use your mind and heart. 

speak the truth.  use your words forcefully. 

these other weapons carry with them their own seeds of immediate

destruction,  the right words don't, and they have a lasting benefit while

accomplishing the destruction that is reguired.  this is not bullshit.

my opinion

what needs to be accomplished first symbolically and conceptually

need not / can not be attained by lashing out physically.( gut reaction

of the fungal mat ) . ?

Thu, 11/11/2010 - 13:04 | Link to Comment Fraud-Esq
Fraud-Esq's picture

Phase two: Neocons are building shadow government and subverting the Secretary of State.The banks want war. 

"Netanyahu also met Rep. Eric Cantor, R-Virginia, on Wednesday night, along with Michael Oren, Israel's ambassador to the United States, a Cantor spokesman said Thursday."

Thu, 11/11/2010 - 13:13 | Link to Comment Windemup
Windemup's picture

In my estimation, it's the same gang that blew up the twin towers and wtc7 that was responsible for the deaths of thousands of citizens. If they don't care about you then why on earth would you think they cared about your bank account?

er, well they do care about that. They want it too.

Thu, 11/11/2010 - 13:22 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture
After years of negative judicial decisions about the use of a straw-man on mortgages, MERS was about to lose its existence as well as its credibility. But now all of that is set to change as Wall Street money is pouring into the coffers of those who are receptive (i.e., almost everyone in Congress). The legislation is already being drafted under the interstate commerce clause to ratify MERS and everything it did retroactively. It appears that the Obama administration is ready to pardon all the securitization deviants by signing this bill into law. This information is corroborated by several people who are in sensitive positions — persons who would be the first to know such proposals. Fortunately, there are some people in Washington who have a conscience and do not want to see this happen.

 

 

Same thing with Basel II a sidestep around the rules.

The only news is Obama trip'n over himself to do this for the bankers. Change ? Nope ....

Thu, 11/11/2010 - 15:16 | Link to Comment hidingfromhelis
hidingfromhelis's picture

Just like FISA and retroactive immunity for the telecoms.  It's a deja moo point; we've all heard this bull before.

Thu, 11/11/2010 - 13:24 | Link to Comment Fraud-Esq
Fraud-Esq's picture

At first hint of internal political revolution, we will go to war OUTSIDE the country. Maintaining Power 101, find an external enemy. Eric Cantor, Kristol, Pence, and their gaggle of neocons are dragging Rand Paul into the fold, sadly. Rand Paul will cut with father and go pro-war on Iran or stay neutral and quiet. 

Cantor has just declared that U.S. security is "reliant on Israel". No one says that because it lacks even a grain of truth. We have no treaty because the US military will not allow it. So, the neocons will create shaddow treaties like we had with Taiwan. Neocons are rising on the backs of the tea party.

And you thought this election send a specific message?! LMAO

 http://www.politico.com/blogs/laurarozen/1110/Before_Clinton_meeting_Cantors_oneonone_with_Bibi_.html

 

 

Thu, 11/11/2010 - 23:03 | Link to Comment Green Leader
Green Leader's picture

The synagogue of the Edomites & Ashkenazis hard @ work.

Genesis 10

The Table of Nations

This is the account of Shem, Ham and Japheth, Noah’s sons, who themselves had sons after the flood. The sons of JaphethGomer, Magog, Madai, Javan, Tubal, Meshek and Tiras. The sons of GomerAshkenaz, Riphath and Togarmah.

The Edomites are descendants of Esau, who've always had a fixation about losing Yisrael over a plate of rice and beans.

Revelation 3:9

"Behold, I will cause those of the synagogue of Satan, who say that they are Jews and are not, but lie-- I will make them come and bow down at your feet, and make them know that I have loved you." 

Thu, 11/11/2010 - 13:29 | Link to Comment tired1
tired1's picture

Why is the FRB of Texas being critical? Doesn't fit my 'model'?

Thu, 11/11/2010 - 13:28 | Link to Comment merehuman
merehuman's picture

The End

Thu, 11/11/2010 - 13:30 | Link to Comment Bearster
Bearster's picture

I was following the article until the term "financial terrorism," where I lost all interest.

To use the same term for fraud as for mass-murder cheapens murder and takes away any meaning the word murder might have.

Thu, 11/11/2010 - 22:32 | Link to Comment StychoKiller
StychoKiller's picture

So, the starvation deaths of millions of people around the World due to "speculation" in foodstuff commodities does not meet your definition of murder?  Check your premises.

Thu, 11/11/2010 - 13:31 | Link to Comment WSP
WSP's picture

Mike, let me start by saying that I thoroughly enjoy your writing and believe that most of the time you are pretty much dead on in your analysis. However, I must take extreme exception to one comment you made in your article today:

 Nevertheless, thanks to the internet and the study and hard work of many people that have explained how economics really works, the collective consciousness was able to see through this scam and never bought the “sell.”  It has taken time, but slowly but surely the truth is winning out the debate

This statement is simply not true.   While it is true that thanks to the Internet and hard work of many people (VERY HARD WORK) people that frequent excellent truth telling web sites like Zero Hedge understand what many of us have known for decades, the sad reality is this "truth" is not part of the collective consciousness of the majority of ignorant Americans.

The problem as I see it is you are getting confused between the majority of Americans that watch Oprah and are members of SEIU and other progressive big government organizations and the small minority intelligent enough to seek out and find the truth. 

At the end of the day, I understand how you can get confused and believe that the public at large understands what is going on; when you surround yourself with intelligent, thought provoking people like those that frequent Zero Hedge, it is not hard to be seduced into believing that the majority understand; sadly, they do not.  Never forget that the majority of Americans fall into stereotypical groups including big government progressives, public and private union members who don't care about the numerous Ponzi schemes as long as they get "their share", ESPN watching Tiger Woods fans, Oprah watching imbeciles----all fools that get their news and analysis from corrupt mainstream media outlets like CNBS, Bloomberg, ABC, CBS, NBC, MSNBC, CNN, NY Times, Business Insider and other Soros funded propaganda outlets.

The bottom line is I cannot tell you how refreshing it is to no longer be alone in KNOWING what a corrupt, Ponzi scheme our markets are;  it took the smart guys awhile to figure it out but better late than never.  The problem is "smart" guys can be measured in the thousands, ignorant fools and corrupt people are measured in the hundreds of millions.  At the end of day, it is comforting to know that those that get it finally do; sadly, the hundreds of millions needed to actually fix the system will always be too busy watching Oprah, cheering Tiger, or figuring out how to get their share to actually do anything to fix it.   In other words, the system is so corrupt that you cannot get the corrupt and ignorant to fix the corrupt and ignorant----it is scientifically impossible.

 

 

Thu, 11/11/2010 - 13:50 | Link to Comment Fraud-Esq
Fraud-Esq's picture

I agree with your post, except take strong exception with your comment about the SEIU. Who the hell do you think the foot-soldiers will be in any political revolution. Trust fund kids? Oprah watchers? No, it will be the SEIU's of the country. They're organized and politically interested.

A good use of your time would be to cut some CD's and send to the local SEIU's for them to watch. I have no gripe with these people wanting a decent wage. That doesn't get in the way of my American dream. Bankers, fraud, S&L crisises, and and Wall Street do.

So long as you see this crowd as so different from everyone's else interests, the BANKERS are winning by wedging you away from them. This is how they divide and conquer. Our job is to bring them all in the fold for the political battle against Wall Street and 700 trillion in leverage. Once we clear this up, you can argue with them about benefits and argue with others about abortion. Until that day, it's all distraction and wedge. 

 

Thu, 11/11/2010 - 14:18 | Link to Comment tired1
tired1's picture

There are no easy ways to participate in society and no take part in the Ponzi scheme. Save your earnings in a bank and watch inflation eat the dollar away? Put earnings in bonds or equitiies to keep up with inflation?

It seems there's no real safe place to stop: real estate taxes re-define ownership. The tax structure demands continuous participation. Good luck when the music stops.

Thu, 11/11/2010 - 13:33 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Speaking of coverups. Navy is confirming now, that what was seen off of the California coast the other day was one of their missles. Oh geez? You think? So nobody knew what it was? Well, well, well. Somebody should get in serious trouble for this outrage. Information acquired from Mike Rivero over at whatreallyhappened.com

http://www.nga.mil/MSISiteContent/StaticFiles/NAV_PUBS/UNTM/201045/NtM_4...

 

from page 55 EASTERN NORTH PACIFIC. CALIFORNIA. MISSILES. 1. INTERMITTENT MISSILE FIRING OPERATIONS 0001Z TO 2359Z DAILY MONDAY THRU SUNDAY IN THE NAVAL AIR WARFARE CENTER SEA RANGE. THE MAJORITY OF MISSILE FIRINGS TAKE PLACE 1400Z TO 2359Z AND 0001Z TO 0200Z DAILY MONDAY THRU FRIDAY IN AREA BOUND BY … 3. VESSELS INBOUND AND OUTBOUND FOR SOUTHERN CALIFORNIA PORTS WILL CREATE THE LEAST INTERFERENCE TO FIRING OPERATIONS DURING THE SPECIFIC PERIODS, AS WELL AS ENHANCE THE VESSEL’S SAFETY WHEN PASSING THROUGH THE VICINITY OF THE SEA RANGE IF THEY WILL TRANSIT VIA THE SANTA BARBARA CHANNEL AND WITHIN NINE MILES OFFSHORE VICINITY OF POINT MUGU OR CROSS THE AREA SOUTHWEST OF SAN NICOLAS ISLAND BETWEEN SUNSET AND SUNRISE.

 

So my theory about a Chinese sub or Israeli sub was wrong. It was our missle all along.

Thu, 11/11/2010 - 14:26 | Link to Comment RobD
RobD's picture

Strange all I can find on any of the news sits is "Pentagon, NASA experts say mystery plume was plane". True that the above text says that missile fireing may have been scheduled, the Pentagon is still saying it was a aircraft contrail witch we know is a lie.

Thu, 11/11/2010 - 14:33 | Link to Comment SheepDog-One
SheepDog-One's picture

Yep RobD and these ridiculous lies 'who are ya gonna believe, your Gooberment official statement or your own lyin eyes?' just confirms to me it WAS the worst case scenario that happened. Warning shot across the bow, and notice since then theres been a distinct back-off from market pumping?

Thu, 11/11/2010 - 14:46 | Link to Comment RobD
RobD's picture

Dog,

I keep bouncing between a 'shot across the bow' by a forign navy and an accidental launch of a Trident. An accident because if we where to do it on purpose, it would have been done from the middle of noware with no witnesses. If it was an accident there is no way we would want the world to know that such a thing could happen. Really bad if we can't control our nukes. If some time in the near future we see a sudden retirement of a boomer driver then that would be a good verification of the accident theory.

Thu, 11/11/2010 - 15:35 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Well whatever it was,  it was a big missle ,  I think. You can compare that smoke trail to a Trident by looking at Trident missle launches on youtube. The question then is where the hell was that damn thing going? If it was a cruise, then it would achieve a certain altitude and then level off. That thing was going up into high orbit so I would think that it was a ballistic missle of some kind. Somebody effed up.

Thu, 11/11/2010 - 16:00 | Link to Comment Stun Gun
Stun Gun's picture

The maritime warning was issued in advance. If you caught the local LA news broadcast, they had an expert on who looked at their video and determined that it was most probably an ICBM. The question remains; why an ICBM test launch, and why in sight of Los Angeles?

Stun Gun

Thu, 11/11/2010 - 13:36 | Link to Comment macholatte
macholatte's picture

Wasn't one of the primary reasons to create the Federal Reserve to fabricate a method to lay off the bankers screw-ups onto the tax payer? Also, to give the individuals, the humans who did the dirty, a way to cover themselves and not lose any personal money or suffer any personal liability like had been going on prior to 1913?

If yes, then the system is working like a charm.

There's one way to find out if a man is honest - ask him. If he says, "Yes," you know he is a crook.
Groucho Marx

Thu, 11/11/2010 - 14:47 | Link to Comment Chris Jusset
Chris Jusset's picture

The Fed has evolved to become the quintessential conduit for non-accountability and secretive, corrupt activities.  It has become the de facto 4th Branch of government -- but unlike other branches of govt, it is unaccountable and has no checks and balances; it is criminal, fraudulent, corrupt, and designed to enrich the banksters.

 

It has become the perfect vehicle for funneling money from the taxpayers to the banksters.  And, sadly, the federal government is complicit in maintaining and nurturing this 4th Branch of government ... to the point that Congress has abdicated many of its economic-oriented functions to the Fed -- which is now more powerful than any criminal enterprise ever to exist.  What's scary is that this trend toward shifting more power to the Fed has been increasing ... and there's no end in sight.  At this rate, Bernanke may someday become the most powerful criminal in the world.  As the opening article notes:

 

At the center of the theft is and continues to be the Federal Reserve.  ... In the United States we give the monopoly power on both the issuance of money itself and its interest rate to [the Fed which] is answerable to nobody.  ... The head of this fascist organization is Ben Bernanke who seemingly committed perjury recently. ... These guys are the ultimate swindlers.  They say one thing and turn around and do another.  More important to me however is why did Ben Bernanke just do what he did even though it was a truly desperate act.  My answer is that the failure of the economy to have even a fake boom recovery with job growth risked further exposing all of the acts of financial terrorism committed by the Federal Reserve and the TBTF (too big to fail) banks.  Worse, they continue to rob and pillage and therefore the Fed will do “whatever it takes” to cover it up.  If that means flooding the world with dollars and destroying its value so be it 

Thu, 11/11/2010 - 13:51 | Link to Comment Trifecta Man
Trifecta Man's picture

They are not children.  They are conmen.  Dodd-Frank will not change anything.  The regulators don't solve the problems.  They enable the conmen.  Look at the SEC and CFTC for examples.  For someone who suggests some good actions, your reasoning is somewhat naive.

Thu, 11/11/2010 - 16:13 | Link to Comment anony
anony's picture

sports guy chest bump  )(

Thu, 11/11/2010 - 13:52 | Link to Comment tahoebumsmith
tahoebumsmith's picture

13.5 TRILLION!! That's how much they have stolen from Americans since TARP was rolled out on a silver platter. All I got to say is there better be some justice when this  heist gets exposed. White collar mafia, holding America hostage and they think they can get away with it? Maybe it appears that way in the short term however their days are numbered. They can fool Americans but they can't fool the rest of the world.

Thu, 11/11/2010 - 13:57 | Link to Comment FreeMartinArmstrong
FreeMartinArmstrong's picture

first thing what has to be done is the immediate release of marty !!!

... and then he needs to be protected !

 

Thu, 11/11/2010 - 14:28 | Link to Comment What a mess_man
What a mess_man's picture

I agree that the statement about people waking up simply isn't true.  Witness the election theater in my state where such honorable servants as Bwarney Frank get re-elected easily.  So easily that he has the cajones to gloat about it in his post election conference.  I am sure he is hard at work ensuring that retroactive MERS legislation is snuck through.  Can't be having Foreclosuregate really take off and interferewith his pay off - err, paychecks now.

Thu, 11/11/2010 - 15:14 | Link to Comment blindman
blindman's picture

let's assume that people are conscious and awake.  there is only one idea

that is missing in their cognitive map.  the idea concerning "money" creation.

once the money as fetish myth is dissolved,  the mind will open.  this is the key.

everyone needs to be clear on this and it is do-able.  poverty will do it,

education can do it; one way or another the people will learn it. 

it is like the idea that driving at high speeds while intoxicated is dangerous.

everyone learns it eventually either by foresight, good fortune or some

other misfortune. 

Thu, 11/11/2010 - 15:32 | Link to Comment Pegasus Muse
Pegasus Muse's picture
dupe
Thu, 11/11/2010 - 15:52 | Link to Comment Green Leader
Green Leader's picture

-

Thu, 11/11/2010 - 15:54 | Link to Comment Bartanist
Bartanist's picture

The tone and content of this article sounds pretty much exactly what I would write, or for that matter what any one here on the board might write. (or that I think I would like to write if I could write)

Yes, perseverance is what makes men truly successful (thank you Calvin Coolidge) and not who their daddy did or not that they are owed a life because the Queen gave them lands and a title.

It is my experience that desperate, insecure and incompetent people act wacky when stressed and the result is that they tighten their grip. If people are confident and believe in themselves, they have enough room for others to be successful and to challenge the status-quo. Our "so called" leaders, banking or otherwise, have seemingly lost their ability to be big people ... the gene pool got mighty shallow and they are defending themselves by circling the wagons and shooting at ghosts in the dark.

... and yet, there is the nagging feeling that there may, in fact, be pressures and threats that they need to resolve and feel that telling us would cause more harm than good. They do not have the confidence that people would rally around them and would turn on them instead, because they have been such poor leaders.

Thu, 11/11/2010 - 16:10 | Link to Comment anony
anony's picture

Language Policeman:

 

You say, 'mute', i say, 'moot'.

Thu, 11/11/2010 - 18:10 | Link to Comment cdskiller
cdskiller's picture

The number one thing that has to be done right here right now is immediate return to real accounting for the TBTF bank assets.

Absolutely correct, Mike. This is the most important issue facing America right now. We've got to connect government sanctioned fraudulent accounting and bank bonuses for the MSM and politicians. This will build pressure because defending fraud is getting tougher and tougher. The time is now! A lot of people who want to do a lot of good in a lot of other ways are going to suffer for their corruption, and so be it. I could care less. That is not nearly as important as whether we are a nation of laws, or not. It is not nearly as important as the fact that the Federal government is deeply complicit in the greatest heist in the history of the world and is attempting to set the stage for an even bigger robbery! Audit the Fed, now!

Thu, 11/11/2010 - 19:55 | Link to Comment non-anon
non-anon's picture

and the beat goes on!

Thu, 11/11/2010 - 19:56 | Link to Comment EZYJET PILOT
EZYJET PILOT's picture

I know that the taxpayer is on the hook for bailing out these big banks, apart from inflation tax how is this achieved?

Thu, 11/11/2010 - 20:21 | Link to Comment tony bonn
tony bonn's picture

god bless you mike!!!

"The head of this fascist organization is Ben Bernanke who seemingly committed perjury recently.  See the quotes below."

a symphony of words except for the seemingly part. strike it. bernankrupt is a lying sack of shit...

Thu, 11/11/2010 - 23:38 | Link to Comment Buck Johnson
Buck Johnson's picture

The people in power and in the banks don't care, because they are more concerned about saving their necks and not having the mob come for them and demand justice for destroying their future.

Thu, 11/11/2010 - 23:45 | Link to Comment EZYJET PILOT
EZYJET PILOT's picture

Could someone give me an answer please on the above question I just really want to nail in my head how this shit is happening, at the moment I have a wishy washy idea because nobody seems to spell out in lay mans terms what is happening, all one hears is "wealth transfer", or "taxpayers paying for wall street screwup." I mean I've recently heard that in giving the banks QE money the FED is taking money from the banks actual reserves from the FED, so in effect it is not new money and then I hear that the FED just invents QE out of thin air and gives it directly to the banks, so which is it because surely the former is not inflationary. If the FED is making this money up out of thin air how is the taxpayer paying for it? I understand that if QE leads to inflation then that is defined as "inflation tax" but is there some way that the tax money goes directly to the banks as a result of these bailouts? Does the process of giving money to banks as QE result in the US treasury having to create more US treasury bonds and if so why? This is the only way I can see that the taxpayer may have to pay directly, if the number of bonds in circulation increases due to the demand created by QE itself. Can somebody help please.

Mon, 11/15/2010 - 03:39 | Link to Comment ghd outlet
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