John Taylor: The Fed's Rightful Chairman

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Thu, 01/20/2011 - 19:39 | 891747 metaforge
metaforge's picture

Doesn't sound like this Taylor guy has gone on his knees before the Rothschilds yet.  I expect either he will soon, or he'll mysteriously end up stiff in a bath tub, like Matthew Simmons.

Thu, 01/20/2011 - 20:09 | 891811 anony
anony's picture

Consider yourself unjunked.

You better believe he will be prostrate before the Shadow government and cater to their demands or he will remain irrelevant in the execution of sane policy.

The Catholic Church didn't change their stance rejecting the Heliocentric Universe for 400 years and the man who discovered the truth, Copernicus, wasn't 'rehabilitated' until last year by the Vatican.

Truth-tellers are not welcome, they are persecuted by Establishment Power.

Thu, 01/20/2011 - 23:30 | 892269 TruthInSunshine
TruthInSunshine's picture

Truth, whether 100% in purity, 90%, 80%, or so forth - in other words, truth in any significant portion - has been quite difficult to come across in any appreciable amount in Amerika for LONG time running now.

Viva La Zero Hedge.

Whomever dares tell the truth now, in appreciable quantities, will be rewarded many times over, soon enough.

Truth in this new, weird and Orwellian world...it's the rarest commodity of all.

Fri, 01/21/2011 - 00:09 | 892363 JW n FL
JW n FL's picture

I agree... anything "Real" is better than nothing / everything Fake...

Thu, 01/20/2011 - 19:42 | 891755 Missing_Link
Missing_Link's picture

We are delighted that as Bernanke's career is about to go down in flames for terminally destroying this once great country, there is a natural successor, who in our humble belief is worthy. Do we smell a mutiny in the Eccles?

Dammit Tyler, not so loud!  If The Ben Bernank gets wind of it, you know there'll be a Stalin-style purge.  We can't let that happen.

Thu, 01/20/2011 - 20:08 | 891812 Blano
Blano's picture

Since Taylor would have to be confirmed by the Senate, and not the House, I ain't holding my breath on this one.

Thu, 01/20/2011 - 19:48 | 891771 buzzsaw99
buzzsaw99's picture

Bernanke will be sucking devil-penis in hell for all eternity.

Thu, 01/20/2011 - 19:49 | 891772 NOTW777
NOTW777's picture

no more "shadow." put him in now before we implode

Thu, 01/20/2011 - 19:51 | 891775 Yen Cross
Yen Cross's picture

  Yes Yes the 12 bearded seats!

Thu, 01/20/2011 - 19:53 | 891776 Spalding_Smailes
Spalding_Smailes's picture

"We can only hope that Bernanke's ouster will occur before his disastrous policies have created more revolutions, more deaths, and more violence around the world, and in the US."

 

Benny and the inkjets saved the world from the abyss. China would be in flames. The swap lines ....

 

ECB : Ben we need dollars.

Ben : Why ?

ECB : Our banks are insolvent.

Ben : Call me back after Glee ~

 

Thu, 01/20/2011 - 19:54 | 891783 buzzsaw99
buzzsaw99's picture

Last time I checked the abyss was still there. lulz

Thu, 01/20/2011 - 20:01 | 891796 faustian bargain
faustian bargain's picture

And it's even deeper than before.

Thu, 01/20/2011 - 20:40 | 891860 Spalding_Smailes
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http://www.cmegroup.com/tools-information/lookups/advisories/clearing/fi...

 

TO: 

FROM: 

Clearing Member Firms 

Chief Financial Officers 

Back Office Managers 

Margin Managers 

CME Clearing 

SUBJECT: 

DATE: Thursday, January 20, 2011 

Performance Bond Requirements: 

To receive advanced notification of Performance Bond (margin) changes, through our free automated 

mailing list, go to http://www.cmegroup.com/newsletter/web2lead/web2sf-old.html and subscribe to the 

Performance Bond Rates Advisory Notice listserver. 

 

As per the normal review of market volatility to ensure adequate collateral coverage, the Chicago Mercantile 

Exchange Inc., Clearing House Risk Management staff approved the performance bond requirements for the 

following products listed below.  

 

The rates will be effective after the close of business on Friday, January 21, 2011. 

 

Current rates as of: 

Thursday, January 20, 2011. 

 

 

 

 

 

Thu, 01/20/2011 - 20:02 | 891801 Yen Cross
Yen Cross's picture

In all fairness. The USD is going to build. In the short term. I have looked @ gbp aud cad gbp and eur. The dollar runs up more. I'm long gbp/jpy. Why? It makes sense. I'm already adding to my position. I like Cameron. I like austerity. I like inflation. I like it all!!!!

Thu, 01/20/2011 - 20:18 | 891832 Mad Mad Woman
Mad Mad Woman's picture

Don't like Cameron too much. You'll get burned.

Thu, 01/20/2011 - 20:02 | 891802 faustian bargain
faustian bargain's picture

Actually, Ron Paul seems to get his economic ideas from Mises, Rothbard, etc., not John Taylor. But who knows, maybe they're pen pals.

Thu, 01/20/2011 - 20:09 | 891803 Mercury
Mercury's picture

The Rightful Chairman.  Right on.

Do those guys also take an oath to defend the Constitution against all enemies foreign and domestic?

How cool would it be if some of the other Fed governors staged a coup against Bernanke?  Greenspan would hobble into the throne room in the fifth act dressed in a hooded black robe, shooting electricity from his fingers and yelling in latin...

 

Thu, 01/20/2011 - 21:06 | 891927 JohnG
JohnG's picture

"Do those guys also take an oath to defend the Constitution against all enemies foreign and domestic?"

Yes.  The Bernank should suicide himself be the method of his choice.

He is enemy.

Thu, 01/20/2011 - 21:08 | 891935 Founders Keeper
Founders Keeper's picture

[Greenspan would hobble into the throne room in the fifth act dressed in a hooded black robe, shooting electricity from his fingers and yelling in latin...]---Mercury

Terrific post, Mercury. All of it. The image of electricity shooting out of Greenspan's fingers is priceless. "I'm afraid the Fed funds window is quite operational."

Do those guys also take an oath to defend the Constitution against all enemies foreign and domestic? Well put.

End the Fed.

Greenspan, Bernanke, Taylor? No Fed. No Chairman. Interest rates should be settled in each case by private borrowers and lenders---the market.

 

Thu, 01/20/2011 - 21:43 | 892052 flacorps
flacorps's picture

Hebrew

Thu, 01/20/2011 - 20:04 | 891804 Rainman
Rainman's picture

So how much time is left in BB's term ?? Couple years to 2013 ?? The Great Uniter is committed to this reappointment boondoggle of his own making....right to the bitter end. And an ouster at 1600 Pennsylvania in '12 ain't no gimme either...especially if the GOP allows Palin, a celebrity apprentice, to continue hijacking their party. The fucking liberals...er, progressives.....want a Palin in the hunt for '12 real bad. They constantly push her into the front lines and will continue to do so because they think they can beat her in '12. And the GOP has not a true champion yet and it's gettin' late. 

I'm Libertarian and think both parties are fucked up, but right now I don't see a fast horse in either of the 2-party camps. That's always good for incumbents... and Ben. 

Thu, 01/20/2011 - 20:23 | 891847 Mad Mad Woman
Mad Mad Woman's picture

The Libertarians are just as fucked up as everybody else.  The GOP is fractured, and their fracture will get worse as the Tea Partiers and the Conservatives fight over future legislation.

Thu, 01/20/2011 - 20:42 | 891882 Rainman
Rainman's picture

All collections of human political ideologies get fucked up to a greater or lesser degree over time. The key to understanding the 2-Party quagmire is that it has endured that way to benefit the financial interests of the corporati and other assorted special interests. Big money moves the meter left or right and the handlers adjust accordingly. Predictability is valued. A 3rd team player in the game is unwelcome, idea-mocked and starved of funds.

It's simple. We only get what they pay for.

Fri, 01/21/2011 - 00:50 | 892451 Hammer Down
Hammer Down's picture

I'd say true Libertarians are spot on.  Problem is they get labeled and lumped in with other groups by people who are too blind to see that it's not a requirement to fall 100% in line with established mentalities.  A lot of them do it to themselves too - Cialdini would call it a weapon of influence (commitment/consistency.)  Ex. fiscal conservative, gun rights advocate - must be pro life to remain consistent with the mainstream mentality.  Democrats and republicans are more like one party or group while libertarians are the opposition, yet they are mostly associated with republicans, incorrectly.

Thu, 01/20/2011 - 20:39 | 891876 NOTW777
NOTW777's picture

your lost, so like a modern zombie you trash Palin - but why?

she is for limited government, less spending, lower taxes and common sense

what do you oppose? are you in to gay rights? big corrupt government? higher taxes? less freedom?

Thu, 01/20/2011 - 20:53 | 891896 oddjob
oddjob's picture

Sucking cock got Barry O in,so Palin is a shoe-in.

Thu, 01/20/2011 - 22:36 | 892194 Pez
Pez's picture

Any political PIG with lipstick will do.

Thu, 01/20/2011 - 20:58 | 891907 Cheesy Bastard
Cheesy Bastard's picture

+1.  I am old enough to remember that they really couldn't wait to run against Ronald Reagan also.  You might remember him, the doddering old B movie actor who liked chimps.   They always attack what they fear.

Thu, 01/20/2011 - 21:38 | 892033 NOTW777
NOTW777's picture

you can call Reagan all the names you want - it won't diminish his legacy

Thu, 01/20/2011 - 21:55 | 892088 Cheesy Bastard
Cheesy Bastard's picture

You missed my point.  I was agreeing with you.  Those are the names he was called by his opponents.  They said they wanted to run against him.  They got crushed.  Kinda like they are doing to Palin now. 

Fri, 01/21/2011 - 01:47 | 892560 NOTW777
NOTW777's picture

sorry, cheesy - I misread your comment

Thu, 01/20/2011 - 21:15 | 891949 Rainman
Rainman's picture

I'm not interested in what Palin is for. And what I oppose would consume this entire page. The primary question is whether she can win in '12. To me, she is only one click better prepared to be Prez than the current occupant....she ran an unbelievably undiverse state....then quit in midterm to sell books and shit. So what am I asked to buy here with my vote ?? Another rookie like the last rookie ?

The Dems will be giddy to have her as the opponent in '12. Dems know the ass in the seat is tough to beat. Weak opposition is a huge plus. If the GOP doesn't know it, they are doomed in '12. 

Thu, 01/20/2011 - 21:37 | 892028 NOTW777
NOTW777's picture

so you have no interest in her positions on the issues but you are ready to write a page of "opposition."  let me guess, a bunch of personal attacks, sexual innuendo, and other trash you hear in MSM?

you state that she "ran [sic] an unbelievably undiverse state?" she ran for president of the country. she resigned the governorship because of a barrage of political investigations and attacks (think chicage mob/soros like)

the "giddy" dems are the ones that brought us obama

Thu, 01/20/2011 - 21:22 | 891974 jm
jm's picture

Why trash Palin?  This is a good question.  I don't think people hate or despise her.  It's just that from what I've seen a la "the problem with the economy is healthcare" TV cringe moment meltdown shows a certain lack of ability. 

That is to say, finding an intelligent thought in her brain is like searching for the sound of emptiness in the quiet heart of winter.

Thu, 01/20/2011 - 21:30 | 892003 NOTW777
NOTW777's picture

you search brains?  what did you come up with when our pres mentioned 57 states?

 

 

Thu, 01/20/2011 - 21:32 | 892016 jm
jm's picture

Classic "he thinks Palin is an idiot therefore he's a democrat" silliness.

C'mon... go ahead and laugh... you deserve it.

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

Thu, 01/20/2011 - 21:41 | 892043 NOTW777
NOTW777's picture

so you call her stupid but can't back it up.

Thu, 01/20/2011 - 21:45 | 892059 jm
jm's picture

Just watch the clip!  Laugh or cringe, the evidence is right there. 

Rainman's right though.  Great skin.

Thu, 01/20/2011 - 21:50 | 892074 NOTW777
NOTW777's picture

r u serious? you come on ZH to posit katies argument that the bailout money went to "struggling middleclass" americans?  do you have a clip of obama snorting coke?  have a good life in youtube land

Thu, 01/20/2011 - 22:04 | 892107 Cheesy Bastard
Cheesy Bastard's picture

I agree with you.  Palin worked her way through the PTA to become mayor and then governor of a state, while fighting corruption in her own party.  She then went on to rise from working class to having a considerable net worth.  She is independent enough to kill what she eats.  She is devoted to her family.

These are hardly the traits of a stupid person.  Saying someone is stupid because they disagree with you, well that is stupid.

Fri, 01/21/2011 - 00:14 | 892379 JW n FL
JW n FL's picture

to be clear... I would do her... I might even really like having her in the neighborhood... but her hand on the button? FUCK THAT!

Fri, 01/21/2011 - 01:31 | 892539 NOTW777
NOTW777's picture

not to mention that the youtube video posted is sliced, diced and doctored to make her appear confused and halting and, it comes from the dan rather (forged documents) channel

How is it that every liberal is painted as brilliant from kerry to gore to obama and every conservative is painted as stupid.  you think the same tactic might alert some.

Thu, 01/20/2011 - 21:31 | 892012 Rainman
Rainman's picture

Exactly....it's not personal about Palin. She has beautiful skin. But Obama has celebritized the highest office to win a 40+ to one longshot as the first Black president. Palin's looking to hit a 40+to one longshot as the first celebrity Woman Prez. Edge: Obama

Thu, 01/20/2011 - 22:32 | 892187 oddjob
oddjob's picture

So her main platform is having a vagina?

Fri, 01/21/2011 - 05:10 | 892675 Hephasteus
Hephasteus's picture

No it's having a vagina that you can see russia from if you're screwing her doggy style on the front porch. Not that I don't find the thought repulsive when it involves her.

Fri, 01/21/2011 - 01:16 | 892511 GreenSideUp
GreenSideUp's picture

I would trash Palin because she can't possibly be for limited government, less spending and lower taxes, all music to republican/conservative/libertarian ears, without taking serious issue with the military industrial complex, the bases all over the world, and the endless wars and rumors of wars and the massive spending involved.  

Being able to explain in depth what needs to be done to achieve these goals would be nice too.  Otherwise, it's just platitudes.

Further, I have neither seen nor heard evidence that she understands the problems with the fed and the banksters, nor has she made any call whatever to investigate/eliminate/expose the criminals.

BTW, I think even less of the current teleprompter-in-chief.  I'm an an-cap/voluntaryist; can't stand either lying party.  If I do vote, I'll write in Ron Paul. 

 

Thu, 01/20/2011 - 20:04 | 891805 Sean7k
Sean7k's picture

Taylor is clearly Keynsian in theory. He believes in government intervention, therefore, if he is ever given a mandate- it will be because the elites want it that way.

Perhaps to manage the withdraw of liquidity, blaming Ben as as the new depression brings austerity and a haircut for entitlements, while protecting the "financial system", including bond holders of size and influence.

Thu, 01/20/2011 - 21:09 | 891925 hedgeless_horseman
hedgeless_horseman's picture

Zero Hedge nominated John Taylor of Stanford for Fed Chairman.

Fed Chairman?  We don't need no stinkin' Fed Chairman.  If we can vote to repeal healthcare reform, then we sure as hell can vote to repeal the Federal Reserve Act.

Bring back the Greenback, bitchezz???

Thu, 01/20/2011 - 20:06 | 891808 Dr. Porkchop
Dr. Porkchop's picture

The banks are firmly in control of the country, I don't know how this guy would ever get in.

Thu, 01/20/2011 - 20:07 | 891810 Yen Cross
Yen Cross's picture

 Lets make some money gents! Someone shoot me the spreads germany vs the PIIGS.

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