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Must Watch: David Stockman Says The Fed Is Injecting High Grade Monetary Heroin Into The Financial System

Tyler Durden's picture




 

Today's absolutely must watch clip comes from David Stockman, director of the OMB under Ronald Reagan. "An independent Fed is what we had when I was in the government. Volcker was the head of it...Today the Fed is scared to death that the boys and girls and robots on Wall Street are going to have a hissy fit. And therefore these programs, one after another, are simply designed to somehow pacify the stock market, and hoping to keep the stock indexes going up, and that somehow that will fool the people into thinking they are wealthier and they will spend money. The people aren't buying that. Main Street is not stupid enough to believe that engineered rallies as a result of QE2 stimulus are making them wealthier and so they should go out and buy another Coach bag. This is really crazy stuff that I can't say enough negative about...The Fed is telling a lot of lies to the market... it is telling all the politicians on Capitol Hill you can issue unlimited debt cause it doesn't cost anything. We have $9 trillion of marketable debt. Upwards of 70% of that has maturities of 5 years or less down to 90 days. All of those maturities are 1% down to 10 basis points. So from the point of view of Congress, the cost of carrying the debt is essentially free. When you tell politicians they can issue $100 billion of debt a month for free, how do you expect them to do the right thing, and ask their constituents to sacrifice... I think the Fed is injecting high grade monetary heroin into the financial system of the world, and one of these days it is going to kill the patient."

 

 

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Thu, 11/04/2010 - 16:32 | 700886 Ragnarok
Ragnarok's picture

Healthy Banks May Be Allowed to Boost Dividends

 

http://www.cnbc.com/id/40012739

The Federal Reserve may soon allow healthy banks to increase dividend payments to stockholders, according to a report from the Wall Street Journal Thursday.

Federal regulators, sources told the Journal, are likely to shortly announce the criteria, including specific capital standards, banks must meet for dividend increases.

Despite a seeming willingness to increase dividend payouts, many banks have had to delay such payments until they are cleared for compliance with a number of new financial regulations passed in the last year, including the United States's Dodd-Frank Act and a series of global capital rules known as "Basel III."

Clearances to up dividend payouts would likely be seen as a sign of improvement in the financial sector, sources told the Journal.

"It signals that the health of the system has improved and will continue to improve going forward," said Todd Hagerman, an analyst with Collins Stewart.

Thu, 11/04/2010 - 16:47 | 700958 Perseid.Rocks
Perseid.Rocks's picture

> "It signals that the health of the system has improved and will continue to improve going forward,"

Meanwhile insiders continue selling versus buying at a ratio of what.. 1000 to 1 ? Those insiders apparently don't see anything healthy at all.

I'm reminded of that that old saying about the last desperate act of the leaders in a failed state is to loot any remaining wealth. This all looks like a looting operation to me.

Thu, 11/04/2010 - 17:13 | 701056 Mako
Mako's picture

The job of the Fed is to try to get the max out of the system... to keep the Lemming march down the road to doom as long as possible. 

The Fed can only effect some of the rate of decline, when the system is over it's over and there isn't anything the Fed can do unless they have unlimited power. 

The helicopters are and were the myth that all the Lemmings believed.  No helicopters are coming to save anyone.... the system will collapse then liquidation of the non-performing liabilities (Lemmings) will start. 

The Fed will continue to beat the dying horse until he is dead and even then will probably beat the dead horse.... the job of the Fed is to beat the horse until nothing is left, then the horse has to be liquidated.

Thu, 11/04/2010 - 17:19 | 701079 Ragnarok
Ragnarok's picture

If you beat the horse long enough it will in fact become liquidated.  High protein Mush.  :)

Thu, 11/04/2010 - 17:23 | 701081 Mako
Mako's picture

If you don't beat it... it will get instantly liquidated. 

All the Fed is doing is trying to get the max out of the system, the question whether it was going to collapse is a fact, just a matter of how big the system became before collapsing and exactly when it would collapse.

The helicopters are not coming, many Lemmings are going to get liquidated.

Thu, 11/04/2010 - 18:30 | 701268 nmewn
nmewn's picture

And here I thought one of the initial reactions to heroin was to puke ;-)

Thu, 11/04/2010 - 19:56 | 701451 Sleepy Weasal
Sleepy Weasal's picture

On the local PBS station tonite they are airing a documentary:  QE2:  The last voyage  

Fri, 11/05/2010 - 02:31 | 702020 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Just one last big blowout -- and then WE'LL QUIT!

Thu, 11/04/2010 - 22:31 | 701744 gookempucky
gookempucky's picture

Liquidation of the lemmings has been going on for many decades

Mako points out there really no blue or red pill-ALL pills have been swallowed.

Many snakes have slithered thru this system-end game event horizon.

Here is some history--

http://www.rcwhalen.com/pdf/Fishing.pdf

Fri, 11/05/2010 - 08:26 | 702184 Dental Floss Tycoon
Dental Floss Tycoon's picture

Great little window on history gookempucky.  Thanks.

"embracing inflationism today in order to accommodate federal deficits, and bail out 

badly managed commercial banks and real estate developers, has its price 

tomorrow in terms of maintaining long-term price and financial market 

stability. "

Prophetic.

Fri, 11/05/2010 - 00:51 | 701954 merehuman
merehuman's picture

helicopters, lemmings and horses. What? Nothing about Bears, elephants or donkeys?

Mako , you are such a fatalist. You will die, believe some day it will happen for you. Until then you are so stuck with us.

"Liquidation of non performing liabilities" meaning what? That may of us will be killed somehow? Do you know something we dont?

You repeatedly imply mass death on a grand scale. It does noe have to be but what we create. You are in fact helpig to create that by assuming it. And putting it repeatedly in our heads. If you are gonna say that anymore that justify the statement with your fears or suppositions.Or facts.

There is enuff fear and fear mongering as it is.Pretend its me telling you regularly that you are gonna die. It has a deleterious effect .

And yes i am aware of our ships in the ME and the pricks in DC.

Other wise i do look forward to your posts for the fearless truth. Thank you for that.

Fri, 11/05/2010 - 05:16 | 702094 Seer
Seer's picture

"You repeatedly imply mass death on a grand scale. It does noe have to be but what we create. You are in fact helpig to create that by assuming it."

Wishing that it won't be so ain't going to make it so, either.

We've far too long ignored the realities of the physical world: much of this is programmed ignorance, meant to keep the ruling elite in power.

As sure as there is gravity there's human population overshoot.  That humans are somehow different than any other life form in this regard is sheer folly.

No, Mako is right, and this is why: there is ZERO evidence that growth can be maintained on a finite planet.  The ISSUE is in how one responds to the facts.  Many/most refuse to confront this because it's ultimate moral dilemma: those in power won't touch it lest some of Them be included in any voluntary "reduction" (that's why they champion such bullshit crap like nationalism, which allows them to start wars so that they can capture resources and reduce population sizes (of course, not theirs).

I don't really need to read Mako's stuff.  It's all pretty danged obvious once you look at the issue without having a sense of trying to "solve" it, or knee-jerk to any standard (programmed) labeling.

Tue, 04/26/2011 - 13:44 | 1208335 william.smith61
william.smith61's picture

The altar of central banks are littered with the blacked bones of countless millions who came to suckle and got cindered. Oil Pump

Thu, 11/04/2010 - 19:09 | 701361 Buck Johnson
Buck Johnson's picture

It is a looting operation, they know the game is over and are trying to get out without allowing the market to go down with sellers.  If the market was allowed to go down with no buyers and people selling, then it would show without a doubt that nobody is investing but many of the insiders are selling.

Thu, 11/04/2010 - 21:19 | 701637 Spigot
Spigot's picture

I absolutely agree with you and also believe the "robo" trading ago's are a means of keeping the market prices high while insiders exit the theater. Once the big fish are out, they will find some way of letting it fall to zero...and it will because no one will be trading it then other than the robots.

Thu, 11/04/2010 - 21:26 | 701646 Herd Redirectio...
Herd Redirection Committee's picture

It is pivotal that we stop pretending the Fed is 'injecting high grade monetary heroine' by accident, or without knowing what the result will be.  They are gunning for destruction of the US dollar.  A controlled demolition while possible, meanwhile the Oligarchy plans what will replace it as world reserve currency.  How about sound money?

http://psychonews.site90.net

Thu, 11/04/2010 - 22:41 | 701761 steve from virginia
steve from virginia's picture

 

Give da man a seegar!

It's the Bernanke Money Laundry.

Fri, 11/05/2010 - 00:26 | 701922 Pez
Pez's picture

You're nothing but anti-money hole!

 

http://www.youtube.com/watch?v=JnX-D4kkPOQ

Thu, 11/04/2010 - 17:49 | 701176 theXman
theXman's picture

I agree with Stockman that the tax cut should not be extended if we are serious about cutting deficits.

As to today's rally, can you say Zimbabwe?

Thu, 11/04/2010 - 20:40 | 701508 seadragonconquerer
seadragonconquerer's picture

Can also say "stupid": give gov't a dollar, they'll spend $1.50. If tax increases cured deficits, we wouldn't have deficits. Only cure is to stop messing with the tax system. Altogether. Then ruthlessly cut all welfare/warfare spending.

Thu, 11/04/2010 - 21:36 | 701665 New_Meat
New_Meat's picture

X

"I agree with Stockman that the tax cut should not be extended..."

Repeat after me: "1937, 1937, 1937."

Cleansing breath.

OK, so you want the next major crash.  Got it-understand your book.

- Ned

Thu, 11/04/2010 - 23:01 | 701790 Money Squid
Money Squid's picture

The damage is total. Why charge me more in taxes now, the crooked congress will just hand it over to the banks. Let me keep what I can, it ain't much, so I can prepare the best I can for the collapse. I'll be one less looter/street thug if I have enough time to prepare myself and my family.

Stockman is already rich and can take care of himself and his family, he's go the money and the connections. The rest of us do not need to pay anymore in taxes.

Fri, 11/05/2010 - 00:33 | 701929 Howard_Beale
Howard_Beale's picture

Stockman wrote a wonderful book "The Triumph of Politics" after he had been taken out to the woodshed and kicked out by Reagan for speaking the truth about trickle down economics. Yeah, he went on to the Street, but he is a snarky fellow with excellent insight. Highly recommend you pick up his book for a great look at the early Reagon years.

Fri, 11/05/2010 - 05:48 | 702103 Seer
Seer's picture

"Let me keep what I can, it ain't much, so I can prepare the best I can for the collapse."

"For" the collapse, but what about "After?"

What "it" is, that you are looking to "keep," I don't know, but surely money (USD), metals, stocks, whatever, is all transient.  Continuing to just sit on a pile of something is NOT a smart strategy.  Things change, needs change.  If we all just pulled back into caves with our "stashes" I'm sure that the value of things that one sits on would more closely resemble a chair than wealth (if you're not trading, then it's only a temporary representation of value).  Knowing that property values would continue to fall I STILL went ahead and bought property (it's agricultural land, meaning that it can provide real returns [food]); but...) it's all relative, as property prices are dropping so too is the USD; however, not all things adjust at the same time, there are lags and differences in rates of change, in which case I was able to exchange a lot of devaluing USD for property that was much cheaper than it was only a couple of years ago.  Metals, well, I've got some diversification there but, I don't want to grow old sitting on a pile of it; and, it's not one of the three fundamental needs for life.

And this brings up  a very sincere question: just what do people think that all these money grabbers are going to do once they have "everything?"  They cannot build fortresses to protect themselve, indefinitely: sure, a few might be able to persist for a while before their compounds are breached by the angry mobs.

Separate to this, the "don't raise my taxes" response to his comment about NOT extending the tax cuts is no more than the wealthy programming the lemmings to continue to pay for their extortion practices.  They were, in essence, granted a temporary tax break, that was the deal.  Whether one thinks it a good thing or a bad thing isn't the point (I view things as being neutral, as that allows me to be less myopic and better able to repsond to situations), the point is that extending the tax cuts (wars and other such things) is very likely going to result in a quicker demise.  And should government fall?  Will we then be under the thumbs of the banksters?  And under such rule we probably wouldn't have even the appearance of democracy (currently we can pretend that we do, but with this other scenario it's almost a certainty that we wouldn't).

Thu, 11/04/2010 - 18:12 | 701226 Pegasus Muse
Pegasus Muse's picture

The Federal Reserve may soon allow healthy banks to increase dividend payments ...

Are there any healthy banks left in the United States?

Thu, 11/04/2010 - 18:54 | 701318 Lucius Corneliu...
Lucius Cornelius Sulla's picture

Congress told FASB to help them say they are solvent so they must be!  Come on, was it over when the German's bombed Pearl Harbor?  Hell no!

Thu, 11/04/2010 - 19:05 | 701351 macholatte
macholatte's picture

...when the German's bombed Pearl Harbor....

 

Hmmmmm. Uh Huh.

 

Every positive value has its price in negative terms... the genius of Einstein leads to Hiroshima.
Pablo Picasso

 

Thu, 11/04/2010 - 20:16 | 701484 Biosci
Biosci's picture

He was an abused child.

Fri, 11/05/2010 - 02:44 | 702028 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Let me handle this I'm pre-law.

I thought you were pre-med?

What's the difference?

Thu, 11/04/2010 - 20:05 | 701468 Big Corked Boots
Big Corked Boots's picture

 - - nevermind - -

Thu, 11/04/2010 - 20:40 | 701501 Goldilocks
Goldilocks's picture

Another 'Animal House' anecdote ...

D-Day: Hey, quit your blubberin'. When I get through with this baby you won't even recognize it.
Otter: Flounder, you can't spend your whole life worrying about your mistakes! You fucked up... you trusted us! Hey, make the best of it! Maybe we can help.
Flounder: [crying] That's easy for you to say! What am I going to tell Fred?
Otter: I'll tell you what. We'll tell Fred you were doing a great job taking care of his car, but you parked it out back last night and this morning... it was gone. We report it as stolen to the police. D-Day takes care of the wreck. Your brother's insurance company buys him a new car.
Flounder: Will that work?
Otter: Hey, it's gotta work better than the truth.
Bluto: [thrusting six-pack into Flounder's hands] My advice to you is to start drinking heavily.
Otter: Better listen to him, Flounder, he's in pre-med.
D-Day: [firing up blow-torch] There you go now, just leave everything to me.

Thu, 11/04/2010 - 21:12 | 701625 Lucius Corneliu...
Lucius Cornelius Sulla's picture

rotfl

Fri, 11/05/2010 - 02:49 | 702029 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

+1969

Thu, 11/04/2010 - 20:57 | 701575 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

The sadistic treatment of prisoners of war and civilians by Japanese soldiers caused Hiroshima. Hiroshima was nothing more than karma.

Thu, 11/04/2010 - 21:41 | 701678 New_Meat
New_Meat's picture

Nah, it was probably Guadalcanal (suppressed, then the news got out), Tarawa ... Okinawa, and Tokyo firebombing, casualty projections for (both sides on) Operation Olympic.  Ace a city or two (btw, much less than Tokyo or Dresden as far as total casualties/damage) but wake up the emperor in a "blinding instant".

U.S. was outta gas following Nagasaki.

Didn't really understand the treatment until >3 months later, some cases much longer.

- Ned

Thu, 11/04/2010 - 23:39 | 701859 Rusty Shorts
Rusty Shorts's picture

Bataan Death March, Philippine Islands.

Fri, 11/05/2010 - 05:52 | 702105 Seer
Seer's picture

And Einstein was a socialist!

Fri, 11/05/2010 - 21:09 | 704202 PeterSchump
PeterSchump's picture

Hehe hehe ha.

Fri, 11/05/2010 - 00:59 | 701959 merehuman
merehuman's picture

Lucius, please learn history. Japan bombed Pearl.

Fri, 11/05/2010 - 01:15 | 701971 StychoKiller
StychoKiller's picture

merehuman, please to watch "Animal House"

Fri, 11/05/2010 - 21:10 | 704205 PeterSchump
PeterSchump's picture

Hehe hehe ha.

Thu, 11/04/2010 - 19:18 | 701381 unum mountaineer
unum mountaineer's picture

ha ha RICO JPM and fraudclosure BAC leading the uptick in financials..fucking unreal. In america we use precision.

Thu, 11/04/2010 - 19:43 | 701423 Cruel Aid
Cruel Aid's picture

"Do  not extend the tax cuts to the rich or anyone else"

He is calling for reality not irrationally exuberant consumption.

Thu, 11/04/2010 - 19:34 | 701412 Cheyenne
Cheyenne's picture

Thanks a lot, fucker. That ruined my pathetic day.

Thu, 11/04/2010 - 23:36 | 701852 3ringmike
3ringmike's picture

cheyenne that was funny. spit wine all over my keyboard. thanks for a good chuckle

Thu, 11/04/2010 - 19:46 | 701431 candyman
candyman's picture

Why not change mark to market first?

Tue, 08/09/2011 - 07:02 | 1541710 cindycheng
cindycheng's picture

I will get to know more new information. Even the website layouts and the designs impress me a lot.
oilseed presses

Thu, 11/04/2010 - 16:33 | 700887 TradingJoe
TradingJoe's picture

Saw it live! Good Man! Too bad we don't have more like him! It is too late anyways! I suggest everyone taking a refreshing course watching "MadMax", cause that's where we're heading!

Thu, 11/04/2010 - 16:47 | 700959 putbuyer
putbuyer's picture

Better than Max. You have got to see this. A 51 year old guy goes to nowhere Alaska and tries to survive on his own. Absolutely amazing. He brings along a video camera. How he builds his home and gets food - well, this is a good survival lesson we can all use.

http://www.youtube.com/watch?v=ozJvg0hOwb4&feature=related

Thu, 11/04/2010 - 17:03 | 701025 RoRoTrader
RoRoTrader's picture

I think he originally intended to stay for 1 year and ended up staying for almost the rest of his life until he had to leave because of old age.

He plannned it and knew what he was doing. Remarkable story. Remarkable man.

Thu, 11/04/2010 - 17:27 | 701100 Cruel Aid
Cruel Aid's picture

I have seen this guys story and Michelle says O won't let you go about you lives without assisting and serving the community. In that world, he would get a knock on his door and be dragged to a new location to serve.

Thu, 11/04/2010 - 18:13 | 701229 trav7777
trav7777's picture

anyone with a pair of nuts must bow down to this Proenneke guy right now...building your own door latch with a lock out of trees you chopped down yourself is manly squared.  He could probably impregnate women just by looking at them.  And he makes that Dos Equis guy look like fuckin ricecakes

Thu, 11/04/2010 - 18:22 | 701246 Cdad
Cdad's picture

lolololol f'n lololololol!

Thu, 11/04/2010 - 19:46 | 701434 breezer1
breezer1's picture

stay thirsty my friend...

Thu, 11/04/2010 - 17:48 | 701166 trav7777
trav7777's picture

too isolated for me...who wants to live alone like this?

Fri, 11/05/2010 - 04:03 | 701422 Rusty Shorts
Rusty Shorts's picture

-

Thu, 11/04/2010 - 23:16 | 701810 Money Squid
Money Squid's picture

Living out in the wilderness is great, as long as I can get to the strip club at night.

Thu, 11/04/2010 - 17:44 | 701159 moregoldplease
moregoldplease's picture

Things are going to get tough but without civil war we won't see Mad Max.

Thu, 11/04/2010 - 16:37 | 700888 Bob
Bob's picture

Yeah, what we need is a more "Independent Fed."  Surely that is the most critical issue of our times. 

Unless it is coupled with an independence from the public's pocketbook, meaning the banksters eat their own losses.

We all know that QE is necesary only to cover up their crimes. 

Thu, 11/04/2010 - 16:42 | 700925 hedgeless_horseman
hedgeless_horseman's picture

The Fed has never been independent of its private owners' interests. The Fed considers the interests of the American citizens as a shepherd considers the interests of his sheep.  No more, and no less.

Thu, 11/04/2010 - 16:47 | 700964 Careless Whisper
Careless Whisper's picture

stockman said point blank that the wall street banks own bernanke.

Thu, 11/04/2010 - 17:51 | 701189 still kicking
still kicking's picture

He'll be "suicided" before Thanksgiving.

Thu, 11/04/2010 - 21:45 | 701682 New_Meat
New_Meat's picture

didn't junk you, but I've got the over. - Ned

Thu, 11/04/2010 - 21:12 | 701626 samsara
samsara's picture

Who are the Stock Holders of the Federal Reserve Bank?

Who does the Fed pay their profits to?

Yes, The Stockholders are in essence the Rockefellers, Rothchilds, et al.

That is about a hand full of major banks from the US and Europe.  Yes, The BOE is an owner of the Fed.

 

 

Thu, 11/04/2010 - 22:55 | 701784 kayl
kayl's picture

Today I've been reading on just this topic. The Estate indenture contracts-- it's constituent parts, indemnification of the Trustee (US Treasury Timothy Geithner for chattel paper), obligations of the Holders, and discharge in the the events of default. The paragraphs embedded in the indenture contract dated Aug 17, 2000 mentioned an Illiquidity Event and a Reporting Cessation Event. That reporting cessation event looked like SEC reporting. Stock markets anyone?

To rescind all signatures it looks like you have to file UCC 1 and accept for value and return for discharge at the US Treasury your birth certificate and the social security card, which is your franchise card to operate in the US. We live in a feudalistic society, and we are indentured servants without the proper instructions to discharge the debt of the indenture.

In response to this filing, you get access to the pre-paid non-cash discharge of debt, priority security interest of your Estate, termination of the indenture contract, preferred stock dividends, and exemption from Levy.

Here is just a sample of some interesting text I read to study indenture contracts.


PROVIDED, HOWEVER, that the final

principal payment hereon shall in any and all events equal the then outstanding

principal balance hereof, together with interest at the rate of 8.30% per annum

(subject to the immediately following paragraph, with respect to an Illiquidity

Event or a Reporting Cessation) on the unpaid principal amount hereof from time

to time outstanding from and including the date hereof until such principal

amount is paid in full.

 

Fri, 11/05/2010 - 01:20 | 701978 StychoKiller
StychoKiller's picture

Or what?  TPTB gonna take away everyone's birthday?  FRNs are colored paper, print up some more and pay them with the only thing they understand -- paper!

Fri, 11/05/2010 - 07:43 | 702135 tip e. canoe
tip e. canoe's picture

hey kayl, what's this indenture contract dated Aug 17, 2000 to which your refer?

Thu, 11/04/2010 - 17:49 | 701178 Bob
Bob's picture

I'm not saying we should continue to buy our own money from them, either. 

Thu, 11/04/2010 - 23:40 | 701860 3ringmike
3ringmike's picture

hedge you nailed it.

Fri, 11/05/2010 - 06:05 | 702107 Seer
Seer's picture

While some sort of punishment is in order, one should ask: all the losses, it's not like there's a black hole and they can be disappeared.  Further, what these "losses" represented are no more than extractions against the future.  The kids broke into the liquor cabinet, no amount of punishment is going to make the liquor re-materialize.  Dry times ahead (for ALL)...

Thu, 11/04/2010 - 16:33 | 700890 John McCloy
John McCloy's picture

Also the Fed announced they would permit banks to increase their dividends today if they are in fact determined to be "Strong". Once again a concerted effort internally to jumpstart the financial stocks. 

Lets all ignore the taking from provisions in order to add to EPS, continued legalized criminal accounting methods, insider information for the chosen few and unlimited access to 0% rates until banks are made whole to our detriment. Of course since banks are facing numerous class actions and putbacks that can equal more money than is in existence allowing them to raise their dividend only seems logical. What is going on here?

Thu, 11/04/2010 - 16:36 | 700901 Ragnarok
Ragnarok's picture

When it came to the end times (Keynesian-Fiat-Debt experiment) did we really ever think it would make sense?  Pure Chaos.

Thu, 11/04/2010 - 16:39 | 700919 John McCloy
John McCloy's picture

  In order to consolidate their power it is evident now any and all stops will be pulled out to ensure their secrecy and if Ron Paul attempts to end the Fed they will crush the stock markets as their did on May 6th. This can only end with Emperor Bernanke controlling the world or a complete collapse of the world rendering us all broke in a matter of weeks. Their has never been a clearer example of stealth tyranny imposed upon an unknowing nation.

Thu, 11/04/2010 - 16:57 | 701005 Diggintunnels
Diggintunnels's picture

The worst part of that scenario is that Ron Paul will be spun as the villain and run out of town on a rail.  And the masses will cheer.  Man, it's just so sad that I need a drink...

Thu, 11/04/2010 - 17:00 | 701017 John McCloy
John McCloy's picture

Man I already had two. Ron Paul will be the republican candidate in 2012. 

Thu, 11/04/2010 - 17:39 | 701145 Fraud-Esq
Fraud-Esq's picture

The tea party funders will fight him every step of the way. They may all be very cautious about it, but they will fight him. They and him are not on the same page or in the same book. 

Thu, 11/04/2010 - 18:34 | 701277 nmewn
nmewn's picture

I was sittin here thinkin...should I just junk your ass and move on or comment...I decided to do both.

Thu, 11/04/2010 - 19:06 | 701354 Bendromeda Strain
Bendromeda Strain's picture

Don't be so hasty my friend. He has a point, in that a segment of the old guard GOP thinks that the Tea Party can be compromised. They have the same playbook as Bernanke - throwing money around. These people admire the Gadsden like vampires admire daylight.

Thu, 11/04/2010 - 20:35 | 701505 nmewn
nmewn's picture

Well there certainly is a segment of the GOP that would love to co-op the Tea Party, I can agree with that...but in my view it can't be done by them or anyone.

The movement started precisely because those in the GOP, conservative democrats, fiscal independents and libertarians...Constitutionalists all...had had enough of being walked on.

I have an issue with blanket statements (maybe I read too much into it) that it is or has been corrupted..."they" (the power elites of all party's) are scared to fucking death of it...one has to ask why?

Well they don't control it...it controls them that's why.

So the people who support it will be continually attacked. But it's really a philosophy not a party.  There is no "Tea Party". It is vaporous. And it has them all scared.

Hell, they had moonbat's register as TEA candidates instead of Rep or Dem down here in Fla. & they got skunked...LOL...the people within are not robots.

You know them when you see/hear them...it's a state of mind that transcends party's.

Thu, 11/04/2010 - 21:10 | 701605 israhole
israhole's picture

Tea Party?  Not if this guy Tim Wise has his way.  He's the "anti-racist" racist that hates White people.  Read more here....

http://www.timwise.org/2010/11/an-open-letter-to-the-white-right-on-the-occasion-of-your-recent-successful-temper-tantrum/

Thu, 11/04/2010 - 21:14 | 701629 nmewn
nmewn's picture

Hell...maybe I'm a racist too...I don't like most white people and I'm white ;-)

Thu, 11/04/2010 - 21:41 | 701677 israhole
israhole's picture

I agree to some extent, but not because they're skin, just they're brain-dead.

That guy Tim Wise even has it out for "the Beaver".  LMAO!

Fri, 11/05/2010 - 06:59 | 702118 nmewn
nmewn's picture

"I agree to some extent, but not because they're skin, just they're brain-dead."

Exactamundo...people are waking up. Maybe the high unemployment rate is helping to this extent...it gives people time to research & reflect...LOL.

"That guy Tim Wise even has it out for "the Beaver"."

Anyone who doesn't acknowledge the power of the Beaver is in fact brain-dead ;-)

Thu, 11/04/2010 - 21:52 | 701687 New_Meat
New_Meat's picture

So, you are a Fraud and a Lawyer? Captain Redundant?

What "Tea Party Funders" are you talking about?

But you almost redeemed yourself by speaking almost truth, almost: the white shoe GOPers and the conservative TPers are not on the same planet.  And the TPers are going either to a) coopt the white shoe GOPers or b) render them into a 10% third party.

So clueless, not worth clicking on Junk.  I'm a Junker Virgin, I'm saving myself.

- Ned

Fri, 11/05/2010 - 03:02 | 702034 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

 I'm a Junker Virgin, I'm saving myself.

A little lipstick Ned.

Thu, 11/04/2010 - 18:55 | 701329 TuesdayBen
TuesdayBen's picture

Ron/Rand 2012

Thu, 11/04/2010 - 19:09 | 701362 Bendromeda Strain
Bendromeda Strain's picture

Christie/Jindal with RP at Treasury. Let Geraldo Rivera audit Ft Knox...

Thu, 11/04/2010 - 19:16 | 701378 TuesdayBen
TuesdayBen's picture

Accompanying Geraldo into the vaults, Clara "Where's The Beef" Peller brought back to life.  "Where's the Gold?"...

Thu, 11/04/2010 - 19:56 | 701449 JWind
JWind's picture

"Let Geraldo Rivera Audit Fort Knox" -
great bumper-sticker.

Thu, 11/04/2010 - 21:53 | 701689 New_Meat
New_Meat's picture

ya--he's a real vault opener.  Al Capone's real vault is still intact ;-) - Ned

Fri, 11/05/2010 - 06:49 | 702114 nmewn
nmewn's picture

Under Daley's house? ;-)

Thu, 11/04/2010 - 17:51 | 701187 FreedomGuy
FreedomGuy's picture

If I were Ron and Rand for that matter I would have 24/7 bodyguards. Seriously.

Thu, 11/04/2010 - 19:54 | 701446 breezer1
breezer1's picture

i agree with previous poster. its too late. rates go up= collapse, more qe= collapse. no way out unless gold standard is brought back with massive gold re-valuation and take back the dollar from the fed.

Thu, 11/04/2010 - 22:14 | 701711 wisefool
wisefool's picture

Thats our job and we are doing it right. Some of us are goldbugs and some of us are not. But when are not protecting people like the Pauls in elected office we have a common goal of explaining things to the non-elected people. Things like how the IRS will find out whether you used that vehicle 70 or 71% for business purposes. But Bernanke and Geither have both testified to congress that they don't really know, or care, who got the Trillions of dollars in bailout money over the last 2 years. And how the Inspector General for TARP did not think that was her job to audit.

Fri, 11/05/2010 - 06:32 | 702110 Seer
Seer's picture

The Fed is only a distraction from what is happening behind the REAL scenes. Abolish the Fed and we're still going to be faced with trying to get a growth-only system to work on no/negative growth (the result of declining physical resources and increasing population).

We'll storm the gates, and then what? Demand that the earth give us more of what we need (to feed the system), more of what it doesn't have (readily exploitable)? “The chief cause of problems is solutions.” Eric Sevareid

NOTE: This is in no way to be interpreted as a negative comment against Paul (whom I've voted for).  Just figuring that it's a good idea to make sure that energy is most effectively used, that the actions support the goals (and the goals themselves have to be significantly expounded, it has to be more than some superficial "in order to take back 'our' country" kind of statement.

Thu, 11/04/2010 - 16:42 | 700933 Bob
Bob's picture

Further cover for paying out bonuses.  "See, we believed so much in our strength that we even paid dividends."

AKA hush money.  It heads off shareholder action to force them to retain the bonus money for adequate loss provisioning.

Never underestimate PR and good old plausible deniability. 

Thu, 11/04/2010 - 16:34 | 700896 dick cheneys ghost
dick cheneys ghost's picture

stockman was on 60 minutes last sunday.....good stuff.

Thu, 11/04/2010 - 16:36 | 700904 John McCloy
John McCloy's picture

Say it with me now:

Ben Bernanke is now the emperor of the globe and is the most powerful man that has ever existed. Like Biddle he can contract the money supply in order to cause chaos to move any and all political legislation throughout the world and crush the economy of any nation. 

Thu, 11/04/2010 - 16:44 | 700941 alibabaandthefo...
alibabaandthefortythieves's picture

Forbes thinks this is the most powerful man......

Sign of the times to come when a US president is no longer the most powerful man in the world........

http://edition.cnn.com/2010/US/11/04/forbes.most.powerful/index.html?eref=edition

 

Thu, 11/04/2010 - 21:33 | 701659 Ludwig Van
Ludwig Van's picture

 

It is ironic that it was the President himself, holding a press conference in the hour leading up to yesterday's Fed announcement, who played the warmup act for the main show -- the latter of which received little attention from the people on Main Street, but that would have more bearing upon the balance of the President's term than anything he could've said or done. It was a picture of where the real power resides, and where it's not.

The President of the United States drew away from the podium on cue, to allow an appropriate intermission before the main event.

 

Fri, 11/05/2010 - 01:24 | 701983 Herd Redirectio...
Herd Redirection Committee's picture

Bernanke is more powerful than Obama, and Rockefeller and Rothschild networks are much more powerful than all of the above.

Thu, 11/04/2010 - 16:49 | 700969 Waterfallsparkles
Waterfallsparkles's picture

Does make you wonder why we even have a President when the World is controlled by one Man pulling Money levers.  This Man is not even elected by the People who he is stealing Money from every day and transfeering it to the Banksters.

Thu, 11/04/2010 - 16:59 | 701012 John McCloy
John McCloy's picture

Seems so simple right..so simple that anyone can get it but they purposely keep the masses divided on trivial issues such as race and political parties and retard TV

Fri, 11/05/2010 - 06:38 | 702111 Seer
Seer's picture

That was junked?  WTF?  Sheesh!  I suppose that that speaks directly to what you're saying: people are fucking sleep walking, being led right over the cliff (by stupid shiny crap).

Thu, 11/04/2010 - 20:46 | 701526 samsara
samsara's picture

That's it.

All the issues that divide us are mostly false dichotomies.

Rep. vs Dem.   Right vs Left. 

--

Lets walk thru the years and tell me...

Bush, Clinton, Bush, Obama  -- Change?

Rubin, Paulson,  Turbo Tim - Change?

Greenspurn,  Benny - Change?

Keep the little people fighting about "Drilling In Alaska"  remember that divider from a few years ago?  Now?

Look at the "Important" issues from over the years.

Did they go anywhere?  Or were they just replaced by "New" critical issues that can keep us fighting amongst ourselves?

 

The Left Right Paradigm is Over: Its You vs. Corporations

By Barry Ritholtz

http://usawatchdog.com/democrats-vs-republicans-its-you-vs-corporations/

Fri, 11/05/2010 - 08:07 | 702154 tip e. canoe
tip e. canoe's picture

"You know, whenever Pharaoh wanted to prolong the period of slavery in Egypt, he had a favorite, favorite formula for doing it. What was that? He kept the slaves fighting among themselves. But whenever the slaves get together, something happens in Pharaoh's court, and he cannot hold the slaves in slavery. When the slaves get together, that's the beginning of getting out of slavery."  -MLK

Thu, 11/04/2010 - 16:55 | 700995 Max Hunter
Max Hunter's picture

Biddle got his.. Jackson made sure of it. Prosperity ensued.. They always screw up eventually.. One could hope at least.

I'd like to add a comment about the video.. I liked everything but the end. Not only should the tax cuts be extended, but income tax should be eliminated and the 16th amendment repealed. It is immoral and unconstitutional..

Thu, 11/04/2010 - 20:00 | 701457 DoChenRollingBearing
DoChenRollingBearing's picture

+ 200 Max

Two very good comments.  Very little would make me happier than seeing the IRA go away.

Thu, 11/04/2010 - 20:30 | 701498 seadragonconquerer
seadragonconquerer's picture

No he cannot: the ZOG does not control any of the BRIC countries. They are the future, we are the past.

Thu, 11/04/2010 - 21:25 | 701643 Lucius Corneliu...
Lucius Cornelius Sulla's picture

I usually agree with what you say but on this point I think you are mistaken.  I think that what we are witnessing is a last act of desperation by an institution that will soon be totally discredited and probably shutdown.  IMHO.

Thu, 11/04/2010 - 21:39 | 701671 Ludwig Van
Ludwig Van's picture

 

I think you're correct, but the discrediting of the facade, especially if it can be drawn out, can buy precious months or minutes to stuff one last coach's bag with cash (or cash equivalents).

 

Thu, 11/04/2010 - 16:37 | 700906 LongSoupLine
LongSoupLine's picture

Man o man, does Stockman nail it or what?!

Thu, 11/04/2010 - 18:56 | 701332 Rainman
Rainman's picture

Davey boy still has lash marks on his back from when Reagan found out what he said in public about that old " Trickle Down Theory " nonsense some 25 years ago.

Thu, 11/04/2010 - 21:55 | 701692 New_Meat
New_Meat's picture

or what

Thu, 11/04/2010 - 16:37 | 700907 Gloomy
Gloomy's picture

Once upon a time I was a deflationista. Those days are long gone. I have been almost entirely in precious metals for a while now. Though this may prove to ultimately be a misguided strategy, I can think of nothing else to do. The only thing that is crystal clear to me is that this will not end well.

Thu, 11/04/2010 - 21:55 | 701691 UncleFester
UncleFester's picture

You can be in PMs and be a deflationista at the same time.  After all, deflation is rapidly approaching due to all the Bernanke printing.  The higher the money goes, the more it dries up.

Thu, 11/04/2010 - 16:38 | 700909 Cognitive Dissonance
Cognitive Dissonance's picture

"I think the Fed is injecting high grade monetary heroin into the financial system of the world, and one of these days it is going to kill the patient."

Wait a minute, I almost have it. <rapidly slaps collapsed veins on left arm>

Well, let's try the other. <slaps veins on the right arm>

I can always count on these. <tries to pump up the veins on the back of both hands>

Dammit, this is embarrassing. Wait, I got it. <starts pulling off shoes and socks>

YES! See, I told you I could get a good vein somewhere on the old body. <Pulls apart the toes to display festering sores and the whiff of gangrene>

Come on Ben, hit me again.

Thu, 11/04/2010 - 16:47 | 700962 SheepDog-One
SheepDog-One's picture

Well Bernanke can always inject the crank directly into Hal's eyeball as a last resort of totaly collapsed scabbed over veins.

Thu, 11/04/2010 - 17:10 | 701052 asteroids
asteroids's picture

Don't you think some of that money is leaking to the shorts. Wouldn't you be building up a war chest and just waiting for the right moment. Money printing is a two edged sword.

Thu, 11/04/2010 - 17:11 | 701054 DaveyJones
DaveyJones's picture

Less like heroin more like modern manufactured Oxy, where the true corporate criminals who invented the stuff and knew its dangers, hid it from the regualtors and public but got caught then avoided jail and paid a fine while those who have become addicted and affected go to prison. 

Fri, 11/05/2010 - 07:21 | 702125 Seer
Seer's picture

"while those who have become addicted and affected go to prison."  Unless you're a corporate-sucking right-wing celeb like Rush Limbaugh, of course...

Thu, 11/04/2010 - 19:08 | 701359 Freewheelin Franklin
Freewheelin Franklin's picture
DETOXIFICATION STEPS
  1. Stop using opiates (Heroin, Percs, Oxys, etc.)
  2. Wait at least 24 hours. You should be experiencing withdrawal at this time. You can take the baclofen and the clonidine to get through the 24 hours. These pills can lessen the severity of withdrawal.
    • Baclofen for muscle discomfort and sleep.
    • Clonidine for sweating. anxiety, and sleep.
    • Diphenhydramine for sleep
  3. After at least 24 hours, start the buprenorphine. It should make you feel better IF you waited the 24 hours since your last dose of opiates. Otherwise, you may go into withdrawal and there is nothing to be done except the use of the medicines prescribed, baclofen and clonidine, and wait for the discomfort to subside. Do not take more buprenorphine or opiates until another 24 hours has elapsed.
  4. Repeat the dose every 24 hours. Take the buprenorphine once a day (every 24 hours) for three days. The whole amount prescribed. Do not divide the dose.
  5. After the THREE days of buprenorphine are completed, you can use the baclofen and clonidine again. They may also cause drowsiness and dry mouth.
  6. RETURN TO THE OFFICE for any problems that you have after the buprenorphine is finished. There is no charge for this visit. You will receive additional medications depending on what symptoms or problems that you are having. We have medications for:
    • Diarrhea
    • Belly pain and cramps
    • Nausea
    • Anxiety
    • Difficulty sleeping
    • Restless legs
    • Craving
  7. On the 7th day clean, since you last used any opiates, take the naltrexone capsule. It is to be taken at home at least four hours prior to coming into the office to begin naltrexone maintenance therapy, including the injection of a naltrexone pellet.
  8. The capsule will change the color of your urine To ORANGE. A urine sample will be checked before a pellet will be injected.
Thu, 11/04/2010 - 19:26 | 701394 Cognitive Dissonance
Cognitive Dissonance's picture

Thanks, but I've decided to die high. Dispose of the body any way you see fit when I'm done with it.

Fri, 11/05/2010 - 01:29 | 701987 StychoKiller
StychoKiller's picture

Well, if anyone would know, it'd be Freewheelin' Franklin!

Thu, 11/04/2010 - 16:37 | 700911 Rick64
Rick64's picture

Injecting Heroin, that means the patient is going to need more soon or its cold turkey and that could kill you.

Thu, 11/04/2010 - 16:38 | 700913 faustian bargain
faustian bargain's picture

High grade heroin? More like low-grade crystal meth.

Thu, 11/04/2010 - 16:45 | 700951 SheepDog-One
SheepDog-One's picture

I agree! What high grade chocho from the Hartz Mountains? More like trailer park bathtub crank being injected into the BS markets!

Thu, 11/04/2010 - 20:44 | 701523 quasimodo
quasimodo's picture

Good gawd, it's time for some Hedley and Wyche

Thu, 11/04/2010 - 16:38 | 700914 confimationbias
confimationbias's picture

Great to see a former insider, for lack of a better term, who sees the light...as in, at the end of the tunnel...as in... train

Thu, 11/04/2010 - 16:47 | 700957 redpill
redpill's picture

And it feels right this time
On his crash course with the big time
Pay no mind to the distant thunder
New Day fills his head with wonder

Then it comes to be that the soothing light at the end of your tunnel
Was just a freight train coming your way

Thu, 11/04/2010 - 16:40 | 700926 LongSoupLine
LongSoupLine's picture

Anyone see the CSX flash crash today?  Damn Waddle-Reed up to their tricks again!

Thu, 11/04/2010 - 16:40 | 700930 equity_momo
equity_momo's picture

I have been in capital markets for nearly 20 years and the only time i have seen markets , clients and the industry in general act like this , so unanimously , so sure of one thing (rising prices) was Nasdaq 1999.  Theres no longer any fear of downside risk left , the herd are so complacement , so worried about having to chase performance into year end ,that when this does blow , there will be no POMO big enough to stop a complete meltdown.

I almost feel like Bernanke is deliberately wanting to cause a commodity and EM bubble so when he steps on the brakes they crash far harder than the Dow. Scorched Earth policy?   Emerging markets are THE bubble. I dont advise standing in  front of it - i saw people go BK shorting the tech mkt in 99 when they would ultimately have made enough to retire had they managed their margin calls better for a few more months.

But this is very spooky. It is going to be an unmitigated disaster. The destruction coming can only be planned.....

Thu, 11/04/2010 - 16:44 | 700942 confimationbias
confimationbias's picture

Agree emphatically.  Started watching the show in '73, and if history is any guide, the fan will not be big enough.

Thu, 11/04/2010 - 16:51 | 700979 Duuude
Duuude's picture

 

 

equity-momo

 

Agreed, though it may make sense looking at it thru the lens of a new world currency thus becoming necessary.

 

I can imagine Emperor Ben I being overthrown though.

 

 

Thu, 11/04/2010 - 18:33 | 701263 B9K9
B9K9's picture

Jesus H. Christ, someone who finally gets it. Look, bankers make money only one of two ways: lending & repossession. (Hyper) inflation to the extent of diluting creditor savings isn't in the play book. Repossession (deflation) has always been in the cards after the wild securitization (inflation).

Let's put this aside for a moment and consider sales. How do you get someone to agree with your decision? Why, you get them to first initiate an idea so that you are merely agreeing with them. Now, consider Trav's comment awhile back to the extent that a then expansionary Congress would warrant placing tanks in front of the Fed if they refused to lend (monetize). Ergo, the Fed would be 'forced' to print due to Congressional desire.

Well, consider what has just happened in the reverse: we had an election of truly historic proportions which placed new House members in power under a mandate of fiscal responsibility. So what does Ben do? He comes out the next day and says he's gonna print. And what is the predictable result? As I mentioned to TD that the next 2+ years will be all political - we now have a broad based media hissy fit calling for Ben's head.

Tar Baby: "Only please, Brer Fox, please don't throw me into the briar patch." LOL Ben will be forced to stand down, just as originally desired, because the next stage in our little saga is austerity aka deflationary collapse.

Oh, BTW, since TD did admit to limited interest in political intrigue, I would suggest that he & others read this note and then study up on the two links listed below:

http://www.politico.com/news/stories/1110/44709.html

Veterans of the contentious battles of the Clinton administration warn that the Obama White House is entirely unprepared for the level of scrutiny it is about to experience. “They’ve already been complaining that they’re beleaguered by Congress,” said one veteran Democratic strategist. “I don’t think [White House aides] have the slightest idea what they’re facing.”

Contempt of Congress

"Contempt of Congress," in modern times a person must refuse to comply with a subpoena issued by a Congressional committee or subcommittee — usually seeking to compel either testimony or the production of documents — in order to be considered in "contempt of Congress."

http://en.wikipedia.org/wiki/Contempt_of_Congress

Select or special committee (United States Congress)

http://en.wikipedia.org/wiki/Select_or_special_committee_%28United_State...

One last comment: Ben could be called in at 1pm on Jan 3rd and be in jail by 5pm. He knows this, Congress knows he knows this, so it won't even come close to that point. This is all theatre to distract the rubes. We voted for pain, and pain is what we're gonna get.

Thu, 11/04/2010 - 18:58 | 701317 equity_momo
equity_momo's picture

B9K9 , i have been reading this site before it moved and decided to stop lurking this year and i've always valued your contributions highly. I do get it. In fact i get it too well and to be honest, wish i didnt. Because as they say , ignorance IS bliss.  It took me almost a year to finally give up worrying and trying to outmaneuver the market and the central planners because ultimately , whatever they do , the outcome will be the same. One can only go so far in preparing for TSHTF and then you just have to get on with life and enjoy it whilst you can.

Fatalism is a disease and it would spell the end of mankind if we all gave up. What is happening economically and socially has made me look differently at life and it has made me more grateful and rounded.it has educated me.i feel enlightened to an extent and far more philosophical.there are many positives to take out of this saga.

So we owe to ourselves , even those of us that "get it" to keep on trucking. Oh dear , i really just said that.

 

ps: you are 100% correct in pointing out how politics is the common denominator in everything that is going to unfold. In my insignificant financial services job i told my boss and his boss that if you want to cost cut and try to gain an edge , fire all the corporate analysts and replace them with a political analyst and someone who could read the Fed. And of course hire a behavioural / trend guy that understands herds. Obviously thats never going to happen because its not how the Wall St game works. 

Thu, 11/04/2010 - 18:53 | 701320 MrSteve
MrSteve's picture

Pain is weakness leaving the body.

Congressional investigations are usually uproariously humorless video, the most droll circus to accompany stale bread. I'll be interested when a Federal prosecutor files charges, until then watch that knife-throwing act with the skimpy-dressed damsel.

Thu, 11/04/2010 - 19:27 | 701396 IEVI
IEVI's picture

Ben is playing the part of the money printer and I think Volcker will play the part of the austerity enforcer. If the public asks for austerity they will get it. I will be waiting to see Volcker standing next to Obama in some photo op as a signal of when the tide has turned.

Thu, 11/04/2010 - 20:59 | 701583 Lucius Corneliu...
Lucius Cornelius Sulla's picture

If the public asks for austerity they will get it.

Its not as if the public has a choice.  Austerity is baked in the cake.  It has been sitting in the oven for 30+ years.  Enjoy!

Thu, 11/04/2010 - 22:21 | 701722 IEVI
IEVI's picture

Of course it is already baked in. I think B9K9's point was that TPTB are going to bring the public to the point of asking for their own demise.

"How do you get someone to agree with your decision? Why, you get them to first initiate an idea so that you are merely agreeing with them."

Don't you find it curious that the MSM who has been painting the unicorn and rainbow economic picture for months and months now is suddenly painting Bernanke as a madman who is clearly aligned with the bankers (what was that whole 'survey the banks on QE2' about...come on that was for the public's benefit...he didnt need to formally survey them, he works for them)

Thu, 11/04/2010 - 22:46 | 701770 Lucius Corneliu...
Lucius Cornelius Sulla's picture

I've given up on trying to figure out what the deceivers are up to.  Its too hard trying to figure out the stories of liars.  But I do applaud you guys for trying.  For me the facts speak for themselves, and they are telling me that this is going to end very badly.

Fri, 11/05/2010 - 09:24 | 702330 hedgeless_horseman
hedgeless_horseman's picture

I appreciate how you feel.

Thu, 11/04/2010 - 22:43 | 701765 calltoaccount
calltoaccount's picture

if the public had any realistic idea (which it doesn't) of how badly its being fucked over it would be asking for something quite different.

Thu, 11/04/2010 - 19:44 | 701427 macholatte
macholatte's picture

Veterans of the contentious battles of the Clinton administration warn that the Obama White House is entirely unprepared for the level of scrutiny it is about to experience

 

How about they start by finding out where the hell Barry was born, then impeach his ass, then Biden gets declard incompetant and Boaener becomes President. Made for TV.

 

 

Thu, 11/04/2010 - 20:21 | 701489 seadragonconquerer
seadragonconquerer's picture

Every pol in the District of Corruption already knows when and where Stanley Ann dropped Zero: Coast Province Hospital, Mombasa, Kenya, 7:24 PM, 4 August, 1961. They do not care; demicans will not take down one of their own, and for republicrats he is now a sitting target. Politics as usual, until they are all swept away by the Rising Tide.

Thu, 11/04/2010 - 22:15 | 701712 New_Meat
New_Meat's picture

That was really artless-Cas and Saul are working overtime to figure out how many months of self-criticism you are going to need before returning to public life.

- Ned

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