• Sprott Money
    04/29/2016 - 05:58
    There is unfortunately no basis for renewed optimism that this current litigation will have any meaningful impact on precious metals manipulation – with respect to either silver or gold.

Jim Grant: "The Fed Is Now In The Business Of Manipulating The Stock Market...Should Confess It Has Sinned Grievously"

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Fri, 01/28/2011 - 17:06 | 914398 Ragnarok
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End the Fed!

Fri, 01/28/2011 - 17:37 | 914538 Wynn
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66(.6)% of the respondants view Bernanke favorably?

there, fixed it

Fri, 01/28/2011 - 17:40 | 914555 unwashedmass
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i loved that intro. they must have spent days locating all of ben's relatives.....

bloomberg is now officially CNBC with a bigger vocabulary and more professional looking charts.

Fri, 01/28/2011 - 21:09 | 915114 SWRichmond
SWRichmond's picture

...and Margaret.  Don't forget Margaret.

Fri, 01/28/2011 - 17:54 | 914604 NOTW777
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forgot to mention it was a poll of PDers

Fri, 01/28/2011 - 18:00 | 914619 Temporalist
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The poll was for "investors" not just "respondents" so...of course the people sucking off the Fed love The Bernank.

Fri, 01/28/2011 - 18:31 | 914643 Zero Govt
Zero Govt's picture

End the Fed, they're doing it all by themselves... the NY Fed is leveraged 80/1, they're supposed to be regulators for fuks sake... they're going after insider trading with a balance sheet looking more criminally negligent and with lower assets to liabilities than Bernie Madoffs ponzi scheme... you couldn't make this shit up after 3 days straight of LSD!!! 

Fri, 01/28/2011 - 20:52 | 915069 bonddude
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Banksters die like these ones.

A New York Times affiliate goes to war against a crooked failed board and mgmt.


Fri, 01/28/2011 - 22:30 | 915277 El Hosel
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   80% are not paying attention and "have no idea"...Yet

Sat, 01/29/2011 - 14:45 | 916357 TruthInSunshine
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by Ragnarok
on Fri, 01/28/2011 - 16:06

End the Fed!


I'm trying!

Fri, 01/28/2011 - 17:06 | 914399 Bastiat
Bastiat's picture

Jim Grant's a hero -- one of the few back in the 90s who was pointing out how inappropriate and dangerous derviatives were to municipal issuers.

Fri, 01/28/2011 - 20:44 | 915056 ghostfaceinvestah
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Agreed, he actually had some good calls during the crash as well, recommended a few good convertible bond names.  Definitely a sharp guy.

Fri, 01/28/2011 - 20:50 | 915064 Bendromeda Strain
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Fri, 01/28/2011 - 21:00 | 915089 Freddie
Freddie's picture

Jim Grant has always been a straight shooter.  He is a good guy.

Fri, 01/28/2011 - 23:20 | 915346 Rick64
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 He is dead on. We need someone like him to head the treasury instead we have incompetents like Timmy which was no accident. Why would the head of the NY Fed be promoted to Secretary of Treasury when NY is where all the fraud was taking place right under timmys nose?

Fri, 01/28/2011 - 17:07 | 914405 Cleanclog
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Medicated and manipulated.  Can't we arrest the Fed via the WAR on Drugs?

Sat, 01/29/2011 - 14:48 | 916370 TruthInSunshine
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I mean this sincerely:  Ultimately, when the truth about The Federal Reserve Bank is revealed, whether in one year or 10, for mass consumption, it will be cast as a financially terroristic organization...and rightfully so.

All politicians who shelter, defend, provide excuses for or otherwise impede the disclosure of what The Fed is doing, and impede its dismantling, do so at their own peril.

Fri, 01/28/2011 - 17:10 | 914413 EscapeKey
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Hey, the stock market ended down. That wasn't what I was promised. I want my money back.

Fri, 01/28/2011 - 18:06 | 914639 Thomas
Thomas's picture

Just cover yer margin call and back up the truck!

Fri, 01/28/2011 - 18:06 | 914641 Thomas
Thomas's picture

I keep fucking up the arithmetic problem.

Fri, 01/28/2011 - 18:13 | 914652 Terminus C
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calculator ftw!

Fri, 01/28/2011 - 21:23 | 915145 New_Meat
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sufficient persistance

Fri, 01/28/2011 - 17:11 | 914418 drbill
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Yes, the FED is a problem, but its central banking that is the real root of all our problems. As long as bankers have the power to create money (and use it to buy politicians), nothing will change.

Fri, 01/28/2011 - 17:11 | 914419 hedgeless_horseman
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The New York Branch of the Fed is leveraged more than 80 to 1.

And that is probably based on mark-to-aquisition price, aka mark-to-unicorns-and-fairy-dust.

Fri, 01/28/2011 - 17:19 | 914445 Clockwork Orange
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HEY!!  They could play in the Gold futures!!

Fri, 01/28/2011 - 17:22 | 914464 Clockwork Orange
Clockwork Orange's picture

HEY!!  They could play in the Gold futures!!

Fri, 01/28/2011 - 17:12 | 914420 aleph0
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"Criminal Reserve"

Love it  ...

Tyler , are you of Irish descent ? 
You certainly have the "Gift of the Gab"

Fri, 01/28/2011 - 17:12 | 914421 Diggintunnels
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R, D, Tea Party, Coffee Party, I don't care what political stripe you are; everyone should support a full audit of the FED.  We deserve accountability.

Fri, 01/28/2011 - 17:16 | 914432 slewie the pi-rat
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audit the beast.

then kill it.

Fri, 01/28/2011 - 21:25 | 915147 New_Meat
New_Meat's picture

real published audit --> system collapse

I'd prefer time as much as possible to prepare.

Fri, 01/28/2011 - 17:17 | 914435 NOTW777
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Fri, 01/28/2011 - 17:20 | 914441 Temporalist
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He and Marc Faber should have a genetically mutated love child that stalks banksters around the globe making them confess.


Edit: And the mutant child shall eat only gold.

Fri, 01/28/2011 - 17:26 | 914481 Misean
Misean's picture

Nobody expects the Bank Inquisition...Amongst our weaponry are such things as...

Fri, 01/28/2011 - 17:28 | 914490 Misean
Misean's picture

Nobody expects the Bank Inquisition...Amongst our weaponry are such things as...

Fri, 01/28/2011 - 17:29 | 914493 Misean
Misean's picture

Nobody expects the Bank Inquisition...Amongst our weaponry are such things as...

Fri, 01/28/2011 - 17:29 | 914496 Temporalist
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Amongst our weaponry are such things as...multiple superfluous posts?

Fri, 01/28/2011 - 17:34 | 914524 Misean
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Meh...The Hedge was bogged. Got spooked and began strapping on the bandeleros when a MRE fell on the keyboard.

Fri, 01/28/2011 - 17:38 | 914542 Temporalist
Temporalist's picture

Hysterical.  Just don't go poking anyone with the "SOFT CUSHIONS!"

Fri, 01/28/2011 - 18:22 | 914675 spanish inquisition
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I am in charge of the comfy cushions thank you...

Came in late on a CNBC conversation, missed who said it. Something like the FED is inflicting screwflation on the middle class.


Our two weapons are fear and surprise...and ruthless efficiency..

Fri, 01/28/2011 - 21:26 | 915151 New_Meat
New_Meat's picture

MRE-three letters, four lies

Fri, 01/28/2011 - 17:21 | 914456 traderjoe
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I'm a bit surprised that someone like Grant - who seems to understand money - references the FRN as the "Greenback". One could argue that this term for the dollar has become widespread, but the Lincoln Greenback was a Treasury-issued currency. Issued without debt and interest to criminal central bankers. It was a marked shift from the central-bank issued money (through debt) and likely got Lincoln killed. To a true money-guy, this is a massive distinction/difference. 

Fri, 01/28/2011 - 17:27 | 914483 Boilermaker
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Great point!  Can we now debate the term 'buck' or 'cabbage'?

Fri, 01/28/2011 - 20:21 | 915020 Cursive
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Exactly. And I'd love to bring the greenback back. End the FRB. Of course, this shouldn't diminish Jim Grant's excellent analysis.

Fri, 01/28/2011 - 21:29 | 915157 New_Meat
New_Meat's picture

tj: greenback:


"I don't give a damn...

Fri, 01/28/2011 - 17:22 | 914462 oogs66
oogs66's picture

Yup. Stock market up. Mortgage rates higher and food inflation scaring the world. Ben must be calling 60 minutes so he can tell everyone he would give himself an A++ as he is doing everything right and answered the bonus question correctly. Pompous ivory tower ass!!

Fri, 01/28/2011 - 21:04 | 915100 Freddie
Freddie's picture

Didn't The Ben Bernank tell 60 Minutes that he can stop inflation in 15 minutes? 

Fri, 01/28/2011 - 21:44 | 915194 Billy Shears
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Yeah, he can stop it anytime...he just doesn't want to...na na na na na!

Fri, 01/28/2011 - 17:23 | 914466 SpeakerFTD
SpeakerFTD's picture

NFLX straight vertical at day end.   Whatever it takes to keep the QQQQs from collapsing.


Fri, 01/28/2011 - 17:23 | 914468 buzzsaw99
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Fri, 01/28/2011 - 17:25 | 914474 Boilermaker
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I love how the twinkie from Bloomberg doesn't understand what he's saying so she resorts to giggling and being dismissive. 

That's the problem with trying to actually present something of substance.  People are too fucking stupid to understand it and start to tune out almost immediately.  Now, if you were to have a sound effects board and bite the head off of clay bears...

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