This page has been archived and commenting is disabled.
Here Is How The World's Biggest Bond Funds (And Others, Just Not You) Get Advance Notice Of What The Fed Is About To Do
Reuters has just released a stunning special report detailing how the Fed leaks all important, non-public, and ever so material, information to private parties. From the report:
On August 19, just nine days after the U.S. central bank surprised financial markets by deciding to buy more bonds to support a flagging economy, former Fed governor Larry Meyer sent a note to clients of his consulting firm with a breakdown of the policy-setting meeting.
The minutes from that same gathering of the powerful Federal Open Market Committee, or FOMC, are made available to the public -- but only after a three-week lag. So Meyer's clients were provided with a glimpse into what the Fed was thinking well ahead of other investors.
His note cited the views of "most members" and "many members" as he detailed increasingly sharp divisions among the officials who determine the nation's monetary policy.
The inside scoop, which explained how rising mortgage prepayments had prompted renewed central bank action, was simply too detailed to have come from anywhere but the Fed.
A respected economist, Meyer charges clients around $75,000 for his product, which includes a popular forecasting service. He frequently shares his research with reporters, though he kept this note out of the public eye. Reuters obtained a copy from a market source. Meyer declined to comment for this story, as did the Federal Reserve.
By necessity, the Fed spends a considerable amount of time talking to investment managers, bank economists and market strategists. Doing so helps it gather intelligence about the market and the economy that is invaluable in informing the bank's decisions on borrowing costs and lending programs.
But a Reuters investigation has found that the information flow sometimes goes both ways as Fed officials let their guard down with former colleagues and other close private sector contacts.
Frankly, we stopped right there, very much disgusted that we have been proven correct yet again when we asked rhetorically if "Bill Gross just confirmed on live TV that he has an "advance look" at non-public fed data?". Now we know how it is that Bill Gross knew all too well that the Fed would lower its GDP expectations to 2% three weeks ahead of the minutes release. It also explains why PIMCO is ever so precise in going on margin in purchasing either bonds or MBS.
Fuck it.
This is beyond disgusting, but that is to what this bullshit country has devolved: leaking the most important decisions made on "behalf of the middle class" so that a few multi-billionaires can make a few extra soon to be worthless dollars.
We will indicate if and when Pimco goes on margin next when the Total Return Fund posts its holding distribution next in mid October, telegraphing what the Fed has told it about the November FOMC meeting, but frankly at this point it is irrelevant. It is now obvious that the Fed realizes all too well that all is lost and just feeding its wealthy clients (that's right, these people are the Fed's CLIENTS) the last remaining scraps before it pulls the hyperinflation switch.
»
- 28869 reads
- Printer-friendly version
- Send to friend
- advertisements -
YET
Grip it and rip it.
I love the smell of fairness up in flames.
So who are Ben and Timmy's paying "subscribers?"
Come on, do you discover it? This sort of thing applies for every person close to "important" rats of the Ponzi system. You can be sure Trichet's friends take a heavy call or short before any official intervention.
OK,so really. What will it take for the average Joe Sixpack to realize that the systems economic engine is melted down beyond repair and we are just sliding downhill using the ground up bits of flesh and bone of the once solvent middle class as lubrication? When do the Humvees roll and surround D.C. in defense from the common American?
Will the Revolution be televised?
Answer : http://www.youtube.com/watch?v=BS3QOtbW4m0
I remember this from my younger days. At the risk of coming off as a racist or whatever, I've often wondered what happened to all that anger the African Americans held through the 60's and 70's.
I guess they were assimilated just like the rest of us.
http://www.youtube.com/watch?v=KTGxPiEg7iM&feature=related
http://gilscottheron.net/
not always.
the outsider has the best view, but it's not an easy wisdom to embody.
Sold into socialist slavery (willingly).
NFL/NBA/MLB/NASCAR Bankruptcies. Not that those will be allowed to happen.
the revolution will not be televised.
From the article:
Ok, now I'm pissed. Pardon my French: What the fuck do they mean "no one is accusing them of wrongdoing"?
Critics "question" whether it's "proper"? Jesus H. Christ. Where's the fucking anger you fucking tinkerbell reporters at Reuters. Grow some balls.
This goes to the absolute core of our system. It's the hinge that the entire market moves on. Entire days are spent discussing what the Fed might or might not do. And now we find out that they just sell this info for $75k to their hedge fund buddies?
Can you say Holy motherfucking shit?
Holy motherfucking shit with a cherry on top- +1000
That is also my response to people not doing anything except writing on a blog - Anybody know where I can get a pair of balls cheap ?
Not to be rude, but what will you do? Go to the media, they know and don't care. SEC, yeah to busy with porn. Write a congress person, they could care less. The only avenue they will leave is a bloody revolt and they even know are gearing up for it. And quite frankly people are not hungry enough for a revolt yet. I think one day they will be but not now. So I share your outrage but I'm at a loss of effective action save for telling people, and again they are not hungry enough yet. Revolts don't happen till there is no more bread.
About the only thing I can think of is to get involved in state politics and get ready for the succession movement or nullification.
Unfortunately ,I agree with you, there is nothing to be done just wait for the masses to get bitchslapped .
Revolt? LOL. Come on. Most countries in the world have a small fraction of the wealth that Americans have, and have even more corruption. And *they* don't revolt.
People can (and will) take an enormous amount of grief before they revolt. Revolutions happen when there's no food or no water.
That won't be an issue here. So what we'll have is a very painful descent from the middle class into the foodstamps-class -- and there will be no revolution.
..unfortunately...
You are also right ....unfortunately . There will probably be a few people who crack and go on a rampage then make the MSM headlines so laws can be strengthened where we won't even be able to talk on blogs like this .Unfortunately
They will be labeled as conspiracy theorist and spun into people with 'extremist views', so the rest of the nation will shrug it off.
Oh I agree a revolt would only happen after all wealth has been taken and the food stops, no argument there. As I said revolts only happen when people are hungry and tired of watching their children starve.
Now as long as they can keep the bread and circus up there will be no revolt. however after all the wealth has been stolen they will have no incentive to use any of what they have stolen on bread and circus. They will let the system tumble down, naturally they will take the money and run and leave lackeys behind as a figure heads. It's a win for the big boys, either the lackeys repress us, or they don't and the masses pin all their hate on them. The big boys get away free and clear with the wealth of the West. Note that even now there is talk of reducing food stamps programs as the need for them rises. The big boys love bread and circus but won't let ti cut to deeply into the bottom line.
System is broken. Protect yourself and your family. Wish more of my family members could get their heads out of the sand, but they can't--Stockholm Syndrome.
States with energy based economies will try to succeed, It is unconstitutional for all states even Tx. But they will give it a whirl.
Agreed, there is a quote might have been from one of the FF'ers "let it hapeen now so my children won't have to endure it" something to that effect. Anyone know ?
Hey, that's after a nine day lag. I guess the bigger boyz have to pay more for an earlier peek?
Sloppy seconds goes for $75,000. First poke goes for a cool million. Even then, at least 10 are told they're getting first poke.
Slimy business. And extremely profitable.
You seem to be missing the point. Larry Meyers has done nothing wrong. He is no longer a member of the Federal Open Market Committee. Of course he would like to get access to the minutes from someone who IS on the committee so he can sell it to Bill Gross for $75,000. The wrongdoing lies with the someone who is on the board and gave him what amounts to the contents of the minutes, some 12 days before the rest of the world got to see the minutes. Again the wrongdoing lies with someone else who is currently on the committe. That person should be removed and possibly prosecuted. If you sit on the committe you have a duty to NOT tell former members of the committe who want to sell such valuable information what went on upon pain of removal and prosecution. Now you should be pissed about that and someone, like probably Congress needs to look into this. Not sure what other body or individual has jurisdiction to do so. Anyone else know?
You might want to read the entire article.
There is no Chinese wall between those inside the Fed and those outside, particularly if the person now outside was a long time member of the committee and then retired. These people keep the key code to the front door and there are no restrictions on where inside the place they can go.
No restrictions. They have the run of the place. It's very interesting what passes for gentlemanly conduct in the Fed these days.
NAS and S&P Green now next Dow until 2:00pm
Everyone knows they are frontloading the 2:00 super sale !!!!
Pop your popcorn in advance
Larry Meyer.
This country is a cesspool of financial criminals.
It's not a crime unless one gets caught.
Bank on it.
Remember, these are the same people who gave Friedman a waiver to buy Goldman shares in the middle of the bailout and told Ken Screwless Lewis to screw his shareholders in the name of the system.
Martha Stewart paid for their collective sins.
Drag both his sorry ass and Napolean Dynomite's dad into Fight club Saturday night for a beat down...mudder fukking low life criminals
www.RevokeTheFed.comMarch 2008
WHEREAS, Article I, Section 8 of the Constitution of the United States of America authorizes Congress "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures";
WHEREAS, on December 23rd, 1913 the US Congress enacted the Federal Reserve System;
WHEREAS, the Federal Reserve System is considered an independent agency within the federal government, with oversight of Congress and containing appointed public officials on its board of directors;
WHEREAS, the Federal Reserve System Controls the Federal Reserve Note, the official currency of the great nation of the United States of America;
WHEREAS, there may be controversies regarding the legality and constitutionality of the Federal Reserve System, it is recognized that the said system has operated continuously as the central banking system of the United States since the inception of the Federal Reserve Act of 1913;
WHEREAS, the Constitution of the United States of America granted Congress the authority to create the current Federal Reserve System, it also does grant Congress the authority to modify or revoke the Federal Reserve System;
WHEREAS, the actions of the Fedreral Reserve System represent the credit and currency of the United Stated of America to the citizens of this great nation and to the world;
WHEREAS, the Federal Reserve System, acting independently within the federal government allowed, supported, and even promoted parasitical and non-productive uses of the money and credit of the United States of America;
WHEREAS, the United States and likely the entire world's financial system is undergoing massive de-leveraging of the said parasitical and non-productive uses of the credit and money of the United States of America (as well as other nations' currencies);
WHEREAS, the US dollar, the "Federal Reserve Note" is declining in value due to these parasitical activites, as well as potentially other causes;
WHEREAS, it is recognized that the citizens of the United States and other nations did willingly participate at some level in the creation and propogation of said parasitical activities;
WHEREAS, it is also recognized that the United States of America, a sovereign nation, has the legal, moral, and God given authority to take actions to benefit its citizens and to protect its good name, credit and money in times of difficulty;
WHEREAS, it is recognized that the current time is such a time of great difficulty;
WHEREAS, it is recognized the parasitical financial institutions and their activities are at odds with citizens of the United States of America and the good credit and money thereof;
WHEREAS, the current indications are that the Federal Reserve System is acting to preserve the financial system currently flooded with the parasitical activities;
WHEREAS, the current indications are that the neither the Federal Reserve System, nor the Congress of the United States, nor the people of the United States have access to the books of the institutions being preserved by the Federal Reserve, and therefor the degree of inter-connectivity and risk associated with the institutions and other entities cannot be determined;
WHEREAS, the Federal Reserve System is accepting non-performing assets as collateral for credit with ultimate taxpayer responibility to entities not under its legislative mandate;
IT MUST BE CONCLUDED, that the Federal Reserve System is not acting to the benefit of the people of the United States of America, its credit, money, and good name;
WHEREAS, it is recognized that the political will and capability of the government of the United States of America may not be up to the task of prosecuting this proclamation ; It is also recognized that this may be the only hope for the continued survival of the United States of America as the great nation as it has historically existed.
NOW THEREFORE, it is PROCLAIMED by those supporting this Proclamation that the Congress of the United States of America FULLY NATIONALIZE the Federal Reserve System, and take full control of the credit and money of our great nation; The Congress must take whatever action necessary to seperate out, sequester, disown, or otherwise neutralize the effect of the parasitical financial activities which led to the current crisis; The Congress of the United States of America must reorganize, replace, or terminate the Federal Reserve System as appropriate; or otherwise devise a system for creation of the national currency.
IT IS FURTHER PROCLAIMED, that the Congress of the United States of America in cooperation with the Executive of the United States of America contact allied nations and any other nation willing to participate in the overhaul of the failing and parastical financial sytem currently in operation and create new treaties and alliances as necessary to create a sane and productive system of finance with the express goal of supporting a productive national, and by extension and through voluntary cooperation, world economy;
FURTHERMORE, it is PROCLAIMED that it should be the goal of such an international effort to maintain fair international trading practices allowing for protection in national interest of labor, resources, and productive capabilities;
WHEREAS, it is recognized that such a move on the part of the United States of America may result in the necessity of an isolationist policy IF the other developed nations do not follow our lead; If such occurs, so be it.
SO HELP US GOD!
might want to work this into your understandings:
by Rusty Shortson Wed, 09/29/2010 - 15:31
#613875
It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 – Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.
The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: “The U.S. Secretary of Treasury receives no compensation for representing the United States
http://amghow.wordpress.com/2008/05/13/5-the-june-5-1933-bankruptcy-proceedings-of-the-united-states-declared-by-fdr-cmghow/
thanks Rusty.
a few posters here have been dropping in clues over the past weeks, this is the most recent I could find. . . wide angle lens folks, get a bigger viewpoint going.
It's a probably gray area in this case, but there are relevant known precedents when embargoed info was leaked minutes in advance by "consultants" to their clients, who then acted on it and made a killing. The announcement of the termination the US long bond issuance a few years ago comes to mind. I seem to remember the consultant who leaked it to GS from the embargoed press room was later prosecuted and Goldman was forced to return tens of millions in trading profits and pay a hefty fine....
The first rule of insider club, is you DO NOT TALK ABOUT INSIDER CLUB!!!
If you or I (i.e. the unwashed masses) did this, we would be wearing orange jump suits.
This is more than disgusting - it is outrageous! This situation requires an immediate and harsh response from that pitiful excuse of an administration back in Washington DC. 1st action - eliminate the Fed and 2nd action put these people on trial, find them guilty and put their "pretending asses" into a hard core prison. Masters of the Universe my ass. These guys are nothing more than cheap criminals dressed in $5000 suites. Let's let the prison population take care of these assholes - no pun intended.
In the old days we use to call this "insider trading." Today, it's called "fuck you in your face." Truly, the entire system is out of control of which (we predict) only an outright "implosion" of the current system will bring some semblence of discipline back. Good luck everyone.
Racketeers all.
The business of leak-peddling is disgusting, and inevitable when public authorities hold financially important meetings behind closed doors. The only solution is to let journalists into the meeting.
ZOMG I am sooooo shocked.
/is no' shocked.
The first rule of Fed Club is that we don't talk about Fed Club.
The second rule of Fed Club is that we don't talk about Fed Club.
The third rule of Fed Club, is we give each other handjobs every Thursday.
Fourth rule, only two guys to a handjob.
Fifth rule, someone goes limp, the handjob is over.
Sixth rule, one handjob at a time fellas.
Seventh rule, no shirts, no pants.
Eighth rule, handjobs will go on as long as they have to.
And the eighth and final rule; if this is your first night, you have to give a handjob.
Unfortunately I think many here already knew this market was rigged. They have been advertising it lately. This is financial terrorism.
I am beyond outrage. I am hysterical.
Do you guys remember that scene in the movie "Stripes" where that crazy little Mexican guy keeps saying..."all I know is that I finally get to kill someone." For some reason that keeps playing in my head.
Same opinion, Different name.
This is what we are saying all along, now its just got a smoking email, or gun.
Will there be any indictments? No.
Why?
Because saving the banking system and allowing them to recapitalize(illegally, legally) is paramount to national security. We'll be long dead before the banks behave in any ethical manner-or Congress and the President enforces the FUCKING RULE OF LAW. Any violation will be pardonned. We had to kill the village to save it.
All that matters is money supply and banks. You, me and everyone else are just passing through the pyramid scheme like a constipated bowel movement.
The banksters will continue to print themselves money, collect bonuses, steal property and shake out equities into their vaults. Its the biggest heist in history-at least since the FED was created. Don't look to you elected official to help-they are too stupid,greedy and on the take to care.
Welcome to your new feudal life. Suck IT UP AND COPE CRYBABIES
I can't wait to read Douchinger's rant on this story.
We have no balls in this country to do anything about these corrupt sanctimonious pricks who are in control.
We laugh at the French at least they had the "balls" to revolt when the corruption became unbearable. They have us all pacified with out ipods, ipads and cable...while they steal, steal and steal..
You don't need balls, just sell everthing - EVERYTHING.
Buy gold.
Do you really think that if they have the power do to what they have done so far that they will let the common man's gold mean anything?
Gold will not give you the independence or the community that you need.
Work it out.
Hosea 4:1-10
Hear the word of the LORD, O people of Israel; for the LORD has an indictment against the inhabitants of the land. There is no faithfulness or loyalty, and no knowledge of God in the land. Swearing, lying, and murder, and stealing and adultery break out; bloodshed follows bloodshed. Therefore the land mourns, and all who live in it languish; together with the wild animals and the birds of the air, even the fish of the sea are perishing.
Yet let no one contend, and let none accuse, for with you is my contention, O priest. You shall stumble by day; the prophet also shall stumble with you by night, and I will destroy your mother. My people are destroyed for lack of knowledge; because you have rejected knowledge, I reject you from being a priest to me. And since you have forgotten the law of your God, I also will forget your children. The more they increased, the more they sinned against me; they changed their glory into shame. They feed on the sin of my people; they are greedy for their iniquity. And it shall be like people, like priest; I will punish them for their ways, and repay them for their deeds. They shall eat, but not be satisfied; they shall play the whore, but not multiply; because they have forsaken the LORD to devote themselves to whoredom.
After this I saw another angel coming down from heaven. He had great authority, and the earth was illuminated by his splendor. With a mighty voice he shouted:
“Fallen! Fallen is Babylon/USA the Great!
She has become a home for demons/bankers
and a haunt for every evil spirit/hedge fund,
a haunt for every unclean and detestable bird/mortgage broker.
For all the nations have drunk
the maddening wine of her adulteries/fiat.
The kings of the earth committed adultery with her/swap lines,
and the merchants of the earth grew rich from her excessive luxuries/debt.”
Revelation 18:2
So what happens when the common man has revolted and the sociopathic elitists either declare their war or war comes to the west on the US and on Europe?
Will the common man rise to fight the war to protect the elitists?
I think not.
*shakes head*
you numpties take the concept of a nationstate, gender it "female" and proceed to fuck it to death.
no wonder this place is his story.
This sounds like insider trading: trading based on information that not everyone else in the universe has. But this is the same as any other kind of trading.
I don't think this is morally wrong, but it is very distasteful. An institution that permits insider trading like this without repercussions is one that I would want to divest from. Unfortunately, our abusive government does not permit Americans to divest from the Fed.
The ethical violation, and possibly criminal, lies not with the traders but with the Federal employees who are leaking actionable information. They should resign and await further investigation into their conduct.
But only if the system works....cue crickets....
They aren't Federal employees. Not officially anyway.
I would like to divest myself from the supposed social contract that metaphysically binds us to the government itself. Social contract is ridiculous anyways, see Spooner's "The Constitution of No Authority."
http://jim.com/treason.htm
Gotdammit Tyler - wtf are you doing here? You're in charge of Project Mayhem - put this information, along with Miskin's 200k payoff for his Iceland project into someone's hands that will do something about it - instead of have all us getting pissed off about it.
Rant over, thanks for ZH
+1000
Silver morgás
Has anyone taken a look at the Federal Reserve Bank lately?
CENT-E-COM
http://williambanzai7.blogspot.com/2010/09/cent-e-com-september-2010.html
This is relatively minor news: insider trading on decisions already made.
The real story is: who influences those decisions.
It is about $75 trillion, not $75,000.
That is the raison d'etre of this forum.
Like usual, TD breaks story before anybody. Interestingly the MSM has decided to stop trying to hide TD's news, and go ahead and publish it too. I bet Lies, Man is wishing he could front run THE SITE. I am not going to post the article, because not only does it not have anything new, but I do hate to give them any screen time.
From CNBC, courtesy Reuters:
Are Ex-Fed Members Profiting From Inside Scoops?0_o
That looks how I feel right now. MsCreant, this sure is picking up speed!
Think I might take one more trip to the grocery store tonight. Just to, you know, top off the pantry a bit. I'm sure we are fine, I always get stuff dated pretty far into the future, ya know...
Maybe get a freezer.
I'm so basic.
The news reporting is definitely picking up speed. Shit that took 10 months to get from Tyler's site to the mainstream news is now taking 2 days.
I put out Hendrix bait for you the other evening. If 6 was 9. It's working here.
Oh I jammed on that Jimi post, MsEZ Rider!
Basic too. I bought so much Tuna the other day I got a work out carrying it home!
Yes. They have the power to:
shut off the internet, declare a bank holiday, turn off the electricity, turn off the gas, turn off the water and conscribe you into the military.
Beyond that, they can arrest you with no cause, kill you by executive order, take all of your possessions with no valid reason and take away your ability to work or get money other than through what are now illegal means.
And their will do it to members of their own club if they break ranks.
How do you protect against that?
Stop scaring the children.
I like your lite touch!
It's the end of times. What will the new one look like?
If the rats at the top are scrambling and scared it is the end of times. If they willing to show how they cheat, it's because the whole game is coming to an end.
When carried out by anyone else, wouldn't we call this "insider trading". Isn't this what Martha Stewart went to prison for?
Are we a plutocracy yet?
As if it weren't bad enough that the Fed is pumping the stock market while sticking the bill to the taxpayers. Now, they're pumping their crony friends, too!
This is worse than criminal. It's scandalous! It's a national outrage!
No, it's called a kleptocracy.
http://en.wikipedia.org/wiki/Alan_Greenspan
Greenspan also now works as a private advisor making speeches and providing consulting for firms through his company, Greenspan Associates LLC. Directly following his retirement as Fed chairman, Greenspan accepted an honorary (unpaid) position at HM Treasury in the United Kingdom. In May 2007, Greenspan was hired as a special consultant by PIMCO to participate in Pimco’s quarterly economic forums and speak privately with the bond manager about Fed interest rate policy.[23] In August 2007, Deutsche Bank announced that it would be retaining Greenspan as a Senior Advisor to its investment banking team and clients.
"Alan Greenspan’s 18-year stint as head of the Federal Reserve Bank witnessed some of the most massive upward redistributions of wealth in our nation’s history. It’s now clear that his policies contributed greatly to the transformation of Wall Street from an engine that financed American business to a business-destroying machine—and that Greenspan abetted the hollowing out of the U.S. economy by giving Wall Street and Washington everything they could possibly want."
thats the politically correct way of saying "Pay Off"
It is not only that ... anyone who makes it to any position in the club never need work again. They are given money for nothing because everyone in the club realizes that money is a joke used to enslave the peons. None of the ruling elite has a need for money nor are they a slave to it.
Think about that when you consider gold your savior.
Money and its counterparty debt are used to enslave the masses. We are never free of it. Even when our house is paid for, grow our own food, create our own electricity and pump our own water we still need to pay taxes on our property... for the privilege of being their slave.
Not sure if anyone mentioned it in here, but it should be noted that Brian Sack used to work for Macroeconmic Advisors, Meyer's consultancy. http://www.newyorkfed.org/aboutthefed/orgchart/sack.html
That's interesting, I'm sure there are many more connections that can be unveiled.
Two main information cascades reveal themselves ...
Fed/Sack --> Macroeconomic Advisors --> Meyers (Macroeconomic Advisors) --> "clients"
Can someone find out this client list? It shouldn't be too hard.
Fed/Greenspan --> Greenspan Associates --> GrossPIMCO / HM Treasury / Deutche Bank
Parasites all .. just like the one at the top of their order.
We have to construct a criminal family tree (similar to the infographic today) linking all of these people together, where they used to work, where they work now, people that used to work for the Fed that were in private industry before, people that worked in the Fed that moved to private industry, lobbyists, consulting agencies, etc. We have to have a way to visualize the data.
Look in the archives. They did this when this site was first born, before they come over to this drupal. All the pols were tangled with all the GS/JPM types and the Fed folk, etc. It is as bad as you think.
Edit:Tried to find it for you and failed. They were really cool interactive charts that if you clicked a bubble, it would become the center and all the other players would rearrange the relationships around the one you clicked.
muckety.com
Was this what you were looking for?
Really close, but 50 times more interactive and complex. I think Marla may have done it but I am not sure. I do remember the website had a different format than this one. I bet I would need archives from the old blog that was ZH.
Thanks.
x
Crony capitalism, bitchez!!
Hear Heard Here
"We're adding nine zeros to the ledger across the board."
"Whoa whoa whoa, that's instantly going to wipe out my net worth!"
"If you play nice we'll give you fifteen."
/tinfoil
NESARA anyone? http://en.wikipedia.org/wiki/NESARA
/tinfoil
Not surprised at all...we know this has been going on for a long time -- this is how these privileged kleptocrat fat cats (primary dealers) have grown so large. Without the continuous flow of inside information would they have had such success? I think not. There is nothing special about them other than their ability to circumvent the laws that everyone else has to play by.
No surprise here.... why do you think GROSS / PIMPCO hired idiot Greenspan. HINT: It's not because he is so smart and insightful...
They are all criminals. Our society's rules work very well for the little guys, but the rules are basically non-existent for the elite, ruling class. An inner-city, disadvantaged, kid is caught stealing a candy-bar and justice is swift and severe. But for assholes that destroy the world economic system, like Greenspan, Paulson, Rubin, etc, etc, etc..., there asses are kissed while they shit on everyone.
I see this as more of a problem with American society. The average American generally disrespects the simple, moral, hardworking, but poor working class individuals, while worshipping the deceitful, immoral, elite / ruling class. Think about it for a while, observe, and you will see this in every day life.
A lot of comments in response to this article have been in the vein of what can we do besides "writing on a blog". Well I think writing on a blog is doing something and ZH has done a great job of getting the story out there. It may seem like a small community here but that is because the people that actually post comments are a small minority versus people who visit the blog. I just looked at quantcast and ZH now has over 800K monthly visitors, which is not insignificant:
http://www.quantcast.com/zerohedge.com
And what readers here can do is get these stories out into the MSM. If you have your own blog, link to the articles you think are important. Facebook? Post the articles you think deserve wider circulation. And there is even Digg (though Digg is on a downward slope). If you are on another site commenting - provide links.
And there is also the tried and true method of spreading news and information - talk to people. You may initially get the "are you wearing a tinfoil hat" response but some will come around. For example, I remember talking to one co-worker about the advisability of buying gold when is was somewhere under $1000. His response was "isn't a little too late"? I think most reading here have an idea of what my response was. Well, guess who recently has been asking me tons of questions of what I think is happening in the market. Today I tried to explain POMO to him (at his request).
Disclaimer: I do not work for Zerohedge - just grateful for the site ;)
What surprises me is that the ruling class is becoming so incredibly emboldened, brazen, and arrogant... They no longer even care about the appearance of their actions / thievery. That's how little the ruling class regards the general populace of this country. The people that rule us are not only stealing the future of many generations, they are also spitting in our faces while they do it. Its time that Americans turn off the FUCKING TV and start marching in the streets.
I guess Reg FD does not apply to the Federal Reserve?
disgusting and I cant even see a recourse here.
Yet another dumb post on ZH.. There are myriad of consulting firms and independent research outlets staffed with former Fed officials and Fed watchers who have an insight int how the Fed thinks and analyzes macroeconomic data.. Insights and opinions are not facts and anyone can subscribe to those insights for a fee..
How naiive I was to believe this is the stuff of corrupt 3rd world banana republics.
Or is that what the US of A is becoming?
Tyler, I've underlined your last words in this post becouse I've remembered about a comment that I made on Denningers' blog:
That was in august 2009. Karl answered me that hyperinflation could happen only by an incident, becouse pushing the hyperinflation button a central bank would put it's life at stake. Very strangely Denningers' response had disappeared from its site ;-)
Now I hear from you about a central bank that intentionally could push the hyperinflate button.
So could you please shed some light (better than Karl and without canceling posts as Karl made) about this issue?
You, Gonzalo and Gordon Gekko have talked a lot about hyperinflation, but I would hear something about hyperinflation from the perspective of the central banker.
1) What are the consequences of inflation, deflation, hyperinflation for the central bank?
2) If we will have a new global currency so what would happen to gold? Will gold bug have a small windfall and then the gold will start to sleep again?
3) If the usa will go bankrupt is itt possible that we will have a new vestal virgin for gold?