• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Kocherlakota Suggests It May Be Time For Fed To Consider "Bailing Out", Or At Least LBOing, America

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Fri, 04/01/2011 - 12:18 | 1125379 Racer
Racer's picture

They want real dictatorship and not just behind the scenes

Fri, 04/01/2011 - 12:24 | 1125392 AssFire
AssFire's picture

Maybe a scapegoat every 4 to 8 years depending which political party "deserves" it. But no, the wizard wants to always stay behind the curtain.

Fri, 04/01/2011 - 13:00 | 1125511 In Fed We Trust
In Fed We Trust's picture

No Aprils's fool joke to be found here mate.

Humor is the best way to warm the public the the future agenda/current agenda of the globalists.

Did you see John Stewart's "Freedom Packages" skit this week?

Fri, 04/01/2011 - 13:05 | 1125529 In Fed We Trust
In Fed We Trust's picture

I have already stated that the Fed already owns a big chunk or the resdential market by holding the bag of toxic MBS.

That trend will only continue. So now the FEd will be shopping for cities they want to buy/bailout.  I dont think Detroit on the list.

Who knows, maybe Paulson has already sold poritions of the US to China,

Or maybe they have been scheming with the Chinese to "nationalize our banks and theirs at the same time" and squeeze out some new turd/currency for the new world to base itself on.

George Soros still trying to fit himself into the equation at the last minute.


Fri, 04/01/2011 - 13:30 | 1125629 MarketTruth
MarketTruth's picture

I Pledge Allegiance to the Federal Reserve
Of the United States of America
And to the bankers for which it stands,
One currency under God,
Indivisible, with liberty and justice for none.

Fri, 04/01/2011 - 13:42 | 1125685 willien1derland
willien1derland's picture

Wow! Stopped me cold in my tracks - with the exception of my stomach as that has not stopped turning - MT that was Brilliant - ++good

Fri, 04/01/2011 - 16:11 | 1126381 Bicycle Repairman
Bicycle Repairman's picture

"One currency under Mammon"

Fixed it for you.

Fri, 04/01/2011 - 12:30 | 1125424 alien-IQ
alien-IQ's picture

I agree. I think what they have done here is test the waters to see how Americans respond to such a proposal. Needless to say that unless this is mentioned in a halftime report of the NBA Finals or during one of the segments of dancing with the stars...this will go largely unnoticed by the majority of Americans. This is rather frightening, to say the least.

Fri, 04/01/2011 - 12:50 | 1125480 Harlequin001
Harlequin001's picture

Are you guys serious.

This is a bankruptcy. You either bail it out or your government goes bust.

Do you seriously think Congress is wringing its collective hands saying 'Er I dunno, maybe we shouldn't take this money?

or perhaps you think these politicians have plans to make themselves totally unpopular and cut $100 billion from the budget.


including making every lame excuse for doing it.

Conspiracy? you must be joking. The alternative is failure, and it doesn't matter if the end result is failure tomorrow, they don't look that far ahead...

But conspiracy, no way...

Fri, 04/01/2011 - 13:17 | 1125563 NidStyles
NidStyles's picture

You honestly think that no one there saw this coming? You really believe that this was just how the cookies fell into place, and that the language and the action's of the key player's had nothing to do with it? You think that the people in charge up there were simply watching American Idol while they were supposed to be on the floor's of the Congress, in the Whitehouse, or at the Federal Reserve board meeting's?


Wake up dude, these people are not like you or me. They are motivated, and have an agenda. How else, or why else would they be in the position's they are in?


Seriously, you gotta quit being so simplistic, and thinking that everyone is the same. We aren't, because some of us have more motivation, and different goal's than everyone else.


You could look at it this way. Your postition is life is where it is by your choices. You may have never been motivated to be in the Army as Infantryman, or decided to try out for SFAS, or make it through Ranger School and Airborne unscathed. That's the path I took, can you say the same? I never learned about how most of this stuff work's outside of Austrian Economics while I was in. I read a lot of Ron Paul's stuff, and listened to him for 12 years. Did you make those choices? Did you have the same exact choices that eventually brought you here? See what I mean? These people are all motivated to get where they are at, and now that they are there, they have other motivations that are to progress their position even further, at least they think so.

Fri, 04/01/2011 - 14:05 | 1125797 Harlequin001
Harlequin001's picture

You honestly think that no one there saw this coming? You really believe that this was just how the cookies fell into place, and that the language and the action's of the key player's had nothing to do with it? You think that the people in charge up there were simply watching American Idol while they were supposed to be on the floor's of the Congress, in the Whitehouse, or at the Federal Reserve board meeting's? I don't think anyone is that stupid, are they?

'You honestly think that no one there saw this coming?'

This is a logical conclusion to a given set of circumstances. Fact is I saw it coming a long time ago without being party to any conspiracy and you don't need the brains of a rocket scientist to work out that inflation comes next, straight after default. Still haven't seen anything that would convince me of any grand conspiracy, not in any of these posts and not in yours either.

Fact is bankruptcy awaits for certain,and the banks just like the politicians will take the easy short term route in trying to fix it. It's not over yet.

Not for a minute do I not think that son of Obama does not know son of Bush, who does not know son of Clinton or whatever. Fact is that that is the circle in which they move. Should son of Bush choose to run for president I feel sure that others in that circle will support and help if possible because that is where their contacts lie. That is not a conspiracy either.

But I don't doubt that we will see daughter of Clinton in politics in future not because of any conspiracy or grand plan or because she has anything particularly good to offer, but because she has connections that can get her there where you and I might not.

We have a bunch of idiots in charge who got there because they promised you welfare they couldn't pay for and no one looked past that at the last election. They work together to fudge through a guaranteed collapse whilst a bunch of other sharks wait to make money where they can. We have just witnessed the greatest grand fraud in the history of mankind and no one is prosecuted because the government condoned it. It condoned it so it could fund its deficits because to not do is to default and to give up its armed forces and influence. It really is that simple. but that is not in itself a grand plan, and no where in any of this do I see an ultimate goal that results in the subjugation of the entire human race by a bunch of devious bankers..

'You really believe that this was just how the cookies fell into place' it is the logical consequence of a debt based economy, no different to any individual spending on a credit card.

Like you say, it's just the way it is.


Fri, 04/01/2011 - 14:43 | 1125967 ThreeTrees
ThreeTrees's picture

Excellent reply.

Fri, 04/01/2011 - 13:18 | 1125569 alien-IQ
alien-IQ's picture

Failure is not an option...it is a certainty.

Fri, 04/01/2011 - 13:09 | 1125537 In Fed We Trust
In Fed We Trust's picture

If this guy wants to "cement the idea that the Fed is Independent"


Fri, 04/01/2011 - 13:42 | 1125696 TheFool
TheFool's picture

I want to agree with you Racer, but I also believe AssFire makes a good point. On the other hand, isn't a fundamental change required within the FED in (New World) Order for the new global currency to be brought in to the fold? In other words, destruction of the old world order to bring in the new, therefore a transition must occur over a period of time while a superficial explanation of what's going on will be provided in order to keep the details secret behind the curtain. I'm just glad we have some folks poking their head underneath the curtain to snatch a glimpse of these events. Thanks to Tyler and folks here at Zero Hedge.

Fri, 04/01/2011 - 12:21 | 1125384 slaughterer
slaughterer's picture

Faux hawk becomes mega infini dove.  This guy is schizo...

Fri, 04/01/2011 - 12:51 | 1125488 Bay of Pigs
Bay of Pigs's picture

Before yesterday, I'd never heard of this guy. Where did he come from?

Turd nails it.


Fri, 04/01/2011 - 13:02 | 1125522 Thomas
Thomas's picture

I read it differently. I hear a guy saying that they have to let sovereign default get back into the calculus of the debt buyers and that CBs can't keep buying up all the debt.

Fri, 04/01/2011 - 12:22 | 1125385 tcrown
tcrown's picture

I will personally finance this bailout of the fed.  Consider this payment to be made in an FX swap with China, given my ghost ownership of silver held by JP, which was loaned back to me, paying margins on my silver they don't have, of which JP leveraged against CDO's, yielding me in excess of 14 Billion in today's current price of silver.

Fri, 04/01/2011 - 12:23 | 1125388 alien-IQ
alien-IQ's picture

Did he just suggest that the Federal Reserve take over America ? Can we now OFFICIALLY charge them with treason and attempted overthrow of the government? Or would that be redundant?

Fri, 04/01/2011 - 12:22 | 1125394 lynnybee
lynnybee's picture

count me out of this shit .    final straw .    this country used to be for the AMERICAN CITIZENS.     evidently, I've been in la-la land my whole life.     (p.s. thank god for my ZEROHEDGE education, or I'd still be living in la-la land with a big smack upside the head coming to me ! )  .......... WHERE'S THE REVOLUTION, PEOPLE !

Fri, 04/01/2011 - 12:26 | 1125402 AssFire
AssFire's picture

Idiots were bred well in advance to be happy with "getting theirs". No outrage until a tax revolt- that is the only thing that will stop feeding these skums.

Fri, 04/01/2011 - 13:12 | 1125554 eddiebe
eddiebe's picture

The skums don't need taxes anymore, just inflation.

Fri, 04/01/2011 - 12:24 | 1125395 slaughterer
slaughterer's picture

It IS April Fool's day!   What an insane stream of foolishness for one day... from our Satanic Majesty's "CB" of Hell.

Fri, 04/01/2011 - 12:26 | 1125403 Rainman
Rainman's picture

Here is voodoo keynesianism at its very finest....complete with valuation pegs and sovereign insolvency scheming. God help us.

Fri, 04/01/2011 - 12:26 | 1125405 Josh Randall
Josh Randall's picture

I wish the headline read: "Kocherlakota Suggests It May Be Time For Fed to get run over by a formerly dumb downed military and populace"

Fri, 04/01/2011 - 12:27 | 1125406 Sudden Debt
Sudden Debt's picture

I don't know...

That the FED prints Trillion for the banksters so they can keep their increasing bonusses... oké, I understand that!

But that the FED should print for the common people?



Fri, 04/01/2011 - 12:29 | 1125413 Cleanclog
Cleanclog's picture

What about when the Central Bank is China's and it has a say on our prices?  Oh yeah, that already happened.  Still think QE3 is Fed buying and supporting sov. risk of other countries and USA counties and cities.

Fri, 04/01/2011 - 12:29 | 1125414 honestann
honestann's picture

End the fed.

Demolish every fed building.

Hang everyone who ever worked at the fed for treason.

Impeach every politician who ever voted to empower the fed.

Fri, 04/01/2011 - 12:40 | 1125458 redpill
redpill's picture

Stop, you're making me horny.

Fri, 04/01/2011 - 13:09 | 1125541 In Fed We Trust
In Fed We Trust's picture

Denver. Check

Fri, 04/01/2011 - 12:30 | 1125418 Hansel
Hansel's picture

How can they LBO America?  They don't have anything of value to trade.  Or is that the point... they just want to steal everybody's shit.

Fri, 04/01/2011 - 12:36 | 1125438 alien-IQ
alien-IQ's picture

when you can create "money" out of thin air...nothing is out of your price range. theoretically...they could buy the Sun.

Fri, 04/01/2011 - 12:30 | 1125429 Homey Da Clown
Homey Da Clown's picture

If your blood was not boiling already,  do not read the following:


U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative financier and a company part-owned by the Central Bank of Libya.

Dexia SA (DEXB), based in Brussels and Paris, borrowed as much as $33.5 billion through its New York branch from the Fed’s “discount window” lending program, according to Fed documents released yesterday in response to a Freedom of Information Act request. Dublin-based Depfa Bank Plc, taken over in 2007 by a German real-estate lender later seized by the German government, drew $24.5 billion.

The biggest borrowers from the 97-year-old discount window as the program reached its crisis-era peak were foreign banks, accounting for at least 70 percent of the $110.7 billion borrowed during the week in October 2008 when use of the program surged to a record. The disclosures may stoke a reexamination of the risks posed to U.S. taxpayers by the central bank’s role in global financial markets.


Separate data disclosed in December on temporary emergency- lending programs set up by the Fed also showed big foreign banks as borrowers. Six European banks were among the top 11 companies that sold the most debt overall -- a combined $274.1 billion -- to the Commercial Paper Funding Facility.


Why is BB not brought up on charges? It is far past the time to dismantle the Fed.


Fri, 04/01/2011 - 12:45 | 1125469 Rainman
Rainman's picture

These CB lending schemes with foreign banks are fire and kindling for sovereign debt repudiation and an ugly consequence called World War III. It's not just a taxpayer issue. 

Fri, 04/01/2011 - 13:25 | 1125609 eddiebe
eddiebe's picture

The vast majority of Americans  don't understand anything like this, or they are too busy working, or watching TV or doing whatever.

 The ones that do understand dont give a shit as long as they can garner a few crumbs from trickle down.

The ones that do understand and care, are powerless to do anything about it.


Fri, 04/01/2011 - 12:32 | 1125435 Cdad
Cdad's picture

"Computer...analyze Thomas Lee's [of JPM] commentary on the BlowHorn [CNBC].  Does he really believe the S&P will go up until it hits the QE2 cliff...and then descend?  Report.  

Extrapolate...if yes, then why wouldn't the JP Morgue simply take the S&P to 1370 right now? Report.

Are the answers to both the first and the second questions simply that Ben Bernanke now owns the United States?  Report.  Extrapolate...will Ben Bernanke announce this conclusion on Monday?  Report."


"Computer...apply the word "Bitchez" to the fact that the market has zero credibility and get me Duncan Niederauer on subspace immediately. "

Fri, 04/01/2011 - 12:39 | 1125455 Cdad
Cdad's picture

"Computer...did Steve Grasso on the floor of the holoexhange just recommend starting a position in Netflix?  Is Steve Grasso currently wearing a hockey helmet donated in December by Cdad Industries or is Steve Grasso actually part of an organized crime ring and he is currently carrying a gun under his jacket?

Computer...did the intellectual giant P. Najarian [while constantly saying "we look at da...we talk about..."] just suggest that $Vix has now priced in the flock of Black Swans?  Repeat, did the former special teams player just suggest that VIX says "All Clear?"  Re-fucking-port?

Computer...end program.  COMPUTER......!"


Fri, 04/01/2011 - 12:39 | 1125447 dogismyth
dogismyth's picture

If you want to win big with these motherfuckers, then invest every dime you have on the primary dealers.  YES...I did say that even though I want to vomit from thinking about it.

Its all paper trading and accounting tricks with the power to print money ad nauseum in virtually every country in the world.  Yes they will attempt to buy the world along using the primary dealers as their proxy.  Its no different than the Cap and Trade ponzi scheme whereupon profits are made from virtually zero productivity and hype.

Face it....the PTB (the banks, BIS, IMF) already own the mega-corporation, most of the land (through title or control of the title), food resources, the military industrial complex, the news media, energy and soon...water resources (which come with the land rights).

It is world domination and this phucktard Kocherlakota is just another slimy cheerleader implementing his marching orders.  Trust none of them even when they speak something you feel is right.  Trust none of the politicians.  And trust none of the corporate leaders. 

Of course these central banks will buy up debt.  Why not?  What are they really buying?  They are buying hard assets (e.g., countries, infrastructure, companies and humans).  And through their ponzi scheme, they are getting the assets for virtually nothing thanks to their earlier ponzi schemes that have literally tightened the noose around everyones neck.

Now you know your who your enemy is! Its not Al-Ciada, not Libya, not Iraq....its the motherfucking central banks and those behind the veil.  They all must go....one way or another.  Or we could just talk about it for a few years....and see what happens.  Just like we have done for decades, and look at where that got us.

Fri, 04/01/2011 - 13:11 | 1125542 dalkrin
dalkrin's picture

I'd rather invest what I've scraped together in this life in silver and guns.  The primary dealers are already bloated and engorged enough by their snouts in the trough of the national wealth.  No, we won't starve the beast by bowing out of the game, but we can situate ourselves to be independent and self-confident.  ZeroHedge is proof that not all media is subject to the whims of the vampire squid overlords.  Continue to educate yourself and remain aloof from the fluff trotted out on the snooze networks.

Fri, 04/01/2011 - 12:40 | 1125449 virgilcaine
virgilcaine's picture

Firing up the presses for the Muni rout?  doubtful Bankers aren't at risk.  More like Munis will fail and we won't do a thing to stop it but actually encourage and caused it.

Fri, 04/01/2011 - 12:39 | 1125453 Sweet Chicken
Sweet Chicken's picture

Everyone keeps suggesting to end the Fed, why bother!? I say why doesn't someone just start shooting these fuckers?!


Fri, 04/01/2011 - 18:50 | 1126873 assembler
assembler's picture

Another hydra head would just replace any that was removed. The beast needs to be killed legally, once and for all. But that won't happen until... Best advice: Put your treasure in heaven where thieves cannot steal it! Bank on Yeshua.

Fri, 04/01/2011 - 12:47 | 1125457 chindit13
chindit13's picture

I suspect Tyler et al are saving the Fed PDF vomit for weekend analysis, but there are some interesting revelations in the data.  Denninger has an article in which he quotes the charter and what types of collateral the Fed is legally allowed to accept in return for saving, er, funding.

With that in mind, I find in one document the breakdown of collateral posted by Goldman Sachs at a time when it was into the PDCF for $6 billion, none of which seems to fall within the parameters of the Fed charter.  Total collateral posted gave them theoretical fat of 7.9% (no notation of value relative to then current market price).  While some of the collateral was AAA rated, the following was also included:

Agencies (FNM, FRE):  $535.6 million

BBB $257.2 million

BB $296.2 million

B $527 million

CCC-C $926.2 million

D $234.3 million

Equity $2213.2 million

Totals of Agency, <=BBB, & Equity:  $4.989 billion

% of these in relation to total borrowings:  83%

"We hold these truths to be self-evident; that all men are created equal"


Fri, 04/01/2011 - 12:46 | 1125473 Caviar Emptor
Caviar Emptor's picture

Guys! Guys! What he forgot to say was that The Fed has just completed it's prototype of a solar-powered perpetual printing machine! Rid yourselves of all anxiety!

Fri, 04/01/2011 - 12:48 | 1125477 99er
99er's picture


Perhaps Ben and the Boyz will stop messing around.


Fri, 04/01/2011 - 12:51 | 1125486 jmac2013
jmac2013's picture

Why stop with America?  Why not print enough funny money to buy out every asset in the entire world?  Economist Michael Hudson has been asking this very question for some time.  What is preventing them from doing this?

Fri, 04/01/2011 - 12:56 | 1125502 dogismyth
dogismyth's picture

NOTHING!!  Not you nor I, not no one! Ruff!

They know we only bleat like good sheep.  They can handle a little bleating.  And they know that's all we will do.


Or in the virtual surreal world of the internet....


Fri, 04/01/2011 - 13:15 | 1125558 In Fed We Trust
In Fed We Trust's picture

Who else did you think was going to strp up and loan the money to rebuild the cities of the people we freed?

Only the Fed is that, generous and kind, to step up to the plate, when everyone else is afraid during war times.

And a peace loving President, also helps to see that these cities get rebuilt for the newly freed people to go home to.

Fri, 04/01/2011 - 12:53 | 1125494 Oh regional Indian
Oh regional Indian's picture

better watch for those over-smart indians all you merican folks.

We are not the top arguers int he world for nothing. Narayana sounds way too clever. Like a fox.

And you are in the henhouse.



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