Treasury To Stop Funding Its Market Manipulation Fund To Delay US Bankruptcy

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Fri, 07/15/2011 - 15:40 | 1460588 trav7777
trav7777's picture

Unstable, bitchez

Fri, 07/15/2011 - 15:54 | 1460661 TaxSlave
TaxSlave's picture

Blind man, to nobody in particular:

All right, dammit, who left the plunger in the toilet!?


Fri, 07/15/2011 - 16:03 | 1460710 Fish Gone Bad
Fish Gone Bad's picture

The treasury fund would be wise to load up on FAZ and then push the market over a cliff.

Fri, 07/15/2011 - 16:27 | 1460806 Baron Robber
Baron Robber's picture

congressman already have/are/will

Fri, 07/15/2011 - 16:45 | 1460883 Caveman93
Caveman93's picture

Short the muthas HARD!

Fri, 07/15/2011 - 16:04 | 1460721 unwashedmass
unwashedmass's picture


and now the fun begins


Fri, 07/15/2011 - 16:06 | 1460733 Ahmeexnal
Ahmeexnal's picture

Soros is about to checkmate the US dollar.

Fri, 07/15/2011 - 16:09 | 1460741 augie
augie's picture

Do you think there will even be a "goodbye 1500...." thread for gold? Or will it go straight to "goodbye 1,999...."? 

Fri, 07/15/2011 - 17:41 | 1461014 tiger7905
tiger7905's picture

Jim Sinclair says watch $1764, he expects significant resistance here.

Fri, 07/15/2011 - 16:49 | 1460892 Bicycle Repairman
Bicycle Repairman's picture

It's a threat.  If people don't listen, Timmy will go all "2008" on their ass.  The question is: will it go that far?

Sat, 07/16/2011 - 03:41 | 1461796 darkstar7646
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And further.

Unless someone (like that one judge in Hennepin County, Minnesota) forces "entitlements" to be paid as a function of retaining social order, things are going to finally get to 2008's end-game.

Fri, 07/15/2011 - 20:48 | 1461378 mt paul
mt paul's picture

made me laugh


Sat, 07/16/2011 - 13:30 | 1462138 Morbo
Morbo's picture

"And thank you for your support." - Bartles & James

Sat, 07/16/2011 - 14:42 | 1462246 Tim White
Tim White's picture


Fri, 07/15/2011 - 23:34 | 1461612 Tuffmug
Tuffmug's picture

Unstable is something needed right now. Stable is just more status quo BS: bail outs aka thefts, bloated and corrupted government, manipulated markets, manufactured inflation aka theft via fiat money manipulation, wars for oil and economic advantage and "wars" on drugs and terrorism to facilitate fascist control, torture and murder in the name of protecting freedom and democracy and on and on and on and ......

Boy do I ever want a government shut down!  

Sat, 07/16/2011 - 03:42 | 1461797 darkstar7646
darkstar7646's picture

Hope you are:

1) Well armed
2) Ready and mentally prepared to kill people.

That's what this level of government shutdown will force on the productive class.

Fri, 07/15/2011 - 15:42 | 1460593 Fortunes Favor
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Stock Market Strategy: Carry Trade Weakness Suggests S&P 500 Overpriced

Fri, 07/15/2011 - 16:00 | 1460690 WALLST8MY8BALL
WALLST8MY8BALL's picture

STFR - Sell The Fucking Rally!

Fri, 07/15/2011 - 15:46 | 1460596 Doyle Hargraves
Doyle Hargraves's picture

Dow 5000/S&P 700 by Aug 1 bitchez!

Fri, 07/15/2011 - 16:22 | 1460792 Whatta
Whatta's picture

Nary a chance. Bernank will jerk QE3 from his rearside quicker than you can say "$750 billion more to the banksters" before ther will let this market go to those levels again.

Remember, Owe-bama has to be reelected.

Fri, 07/15/2011 - 16:32 | 1460829 treemagnet
treemagnet's picture

That QE shit is becoming low grade fuel fast. 

Fri, 07/15/2011 - 16:39 | 1460854 SheepDog-One
SheepDog-One's picture

How many times over has QE3 been priced in already? What a clown show.

Fri, 07/15/2011 - 15:44 | 1460605 hack3434
Fri, 07/15/2011 - 16:56 | 1460919 magis00
magis00's picture

Worth Watching - Absolutely worth watching . . .

Sun, 07/17/2011 - 18:30 | 1464773 purplefrog
purplefrog's picture

Wow.  I totally agree.

Fri, 07/15/2011 - 18:09 | 1461074 bank guy in Brussels
bank guy in Brussels's picture

Indeed great videos by Eric deCarbonnel of, despite the hour-plus in length, a bombshell of a presentation on « The ESF and Its History »:

To try to summarise in text Eric deCarbonnel's main points, which he backs by some great detective work and many historical documents he shows on the videos:

Zero Hedge readers will get a surprise here, as deCarbonnel asks: Is the secretive US Treasury Exchange Stablilization Fund, or ESF, the real culprit, and not the Fed? (ZH has been covering aspects of the ESF, since 2009.)

The fascinating fresh broad perspective on the ESF that deCarbonnel provides, is terrific, and frightening.

According to deCarbonnel, the Fed is actually NOT the main player of the US financial oligarchy; deCarbonnel says the Fed actually lost most of its power in 1934, in favour of another, more secretive US financial mechanism, this 'Exchange Stabilization Fund' or ESF within the Treasury Department, which deCarbonnel says is the boss of the Fed and not the other way around.

On deCarbonnel's view, it seems 'End the Fed' would just be another empty 'victory' if it happens, as the Fed's major functions would just continue from inside Treasury.

The ESF was created on 30 January 1934 as part of the Gold Reserve Act signed into law by US President Franklin Roosevelt on that day. Even at the time, the ESF was seen by some, as the most insidious part of the legislation by which the gold of US citizens was confiscated and nationalised.

Key to the ESF, operating from the Treasury Department, and conducting some operations via the New York Fed, is that the ESF is subject to no oversight from Congress or anyone else, and does not need to obey any law, with hardly anyone realising what it is. The ESF was from the start a 'slush fund' with, in effect, absolutely no restrictions on its use and no one to ask any questions about it.

With what deCarbonnel details about the operations of the ESF ever since then, as the tool for secretly funding every major scheme of America's rulers, it seems 30 January 1934 might be cited as the day America itself really died, becoming in fact a lawless nation run by secret means.

In 1934 the ESF was immediately funded by billions in instant government profit on gold holdings, the profit realised from the instant devaluation of the dollar in 1934, when the US regime nationalised all private gold and seized most of it. The theory was, the ESF could be deployed in the markets to prop up the dollar, but the ESF quickly started to be used for every major kind of US government espionage, propaganda, and criminality, which all of course can be said to be related to 'propping up the dollar'.

The ESF funded the US spy operations through the World War II era, the OSS that became the CIA. The ESF helped establish Bretton Woods, and also became a source and part-template for two global 'slush funds' which would operate much more visibly, the IMF and the World Bank.

Decade after decade, the ESF continued to fund many of the various Cold War and post-Cold-War attacks on other countries, the bribing of global politicians, the funding of military coups, and so on. According to deCarbonnel, the ESF is the conduit to receive much of the monies that US governmental forces obtain via illicit means such as drug sales and money laundering, and then re-deploys those monies for every kind of criminal use not only against other governments, but also US citizens.

For decades now, the ESF has also been a means of funding for much of the US propaganda apparatus, specifically the bribing and buying of false media stories around the world and within the USA, media deceptions as under CIA spymaster Frank Wisner playing 'Wisner's Wurlitzer', the media 'music' that the US rulers want to hear played.

Though deCarbonnel cites historical events going back to the 1930s and 1940s, he presents a picture of the ESF as being as active and insidious and dangerous today as ever, in fact more catastrophically so. It is the ESF, says deCarbonnel, rather than 'the Fed', which is in charge of US financial and monetary manipulation both inside the US and overseas.

As he moves toward the present era, deCarbonnel raises the question of how it is that after 1980, the US was able to continue the massive running-up of US government deficits, without sparking the inflation that had been the hallmark of the 1960s and especially the 1970s.

The answer which deCarbonnel gives to that question is that the US has been 'exporting' its inflation overseas via ESF operations, partly even by literal huge shipments of green cash abroad by US-supported drug dealers. He says the US in fact actually NEEDS a massive global heroin trade, from the poppies grown in Afghanistan, in order to keep wads of cash flowing out of the US, which in turn keeps inflation much lower and prevents the US dollar Ponzi scheme from collapsing at an earlier date.

Going further, deCarbonnel suggests that the main reason for 11 September 2001 and the invasion of Afghanistan, was to revive the poppy - heroin production in Afghani territory, which the Taliban had essentially eliminated before the Americans invaded. Charts shown by deCarbonnel, indicate that in mid-2001 the US teetered on dangerously high money supply flows, which deCarbonnel says occurred precisely because the heroin trade had dropped to low levels due to lack of supply, and there were no longer drug dealers taking so many bucketloads of cash out of the US.

A lot to digest here ... clearly the ESF needs to be better known and understood by everyone trying to understand the US financial oligarchy.

The five YouTube videos by deCarbonnel on this topic can be found as cited above, on Eric deCarbonnel's website:

« What I have been afraid to blog about: The ESF and Its History_Part 1 »

Fri, 07/15/2011 - 22:11 | 1461480 Raymond Reason
Raymond Reason's picture

They are intriguing videos.  I'm amazed at how little can be found on the web about the ESF...almost nothing on govt websites.    Wondering if this fund is also related to the alleged Black Eagle Fund, which was Gold seized from the Japanese after WWII and used for black ops?? 

Fri, 07/15/2011 - 23:09 | 1461577 Manthong
Manthong's picture

Just ask yourself; just what do you, as an elitist government central planner, control freak and closet Fabian Socialist do with many, many billions of dollars in totally unaccountable funds?

Fri, 07/15/2011 - 15:44 | 1460606 Dr. Engali
Dr. Engali's picture

This is the end....

Fri, 07/15/2011 - 15:45 | 1460607 Arius
Arius's picture

now, i am getting scared ...

what we will do w/ papa gov. watching over us ...

Fri, 07/15/2011 - 15:44 | 1460611 Deepskyy
Deepskyy's picture

This house of cards is getting pretty wobbly.


Fri, 07/15/2011 - 16:02 | 1460705 youngman
youngman's picture

Don´t FART

Fri, 07/15/2011 - 18:27 | 1461102 TN Jed
TN Jed's picture
Radiohead - House of Cards

Fri, 07/15/2011 - 15:45 | 1460612 ShankyS
ShankyS's picture

No more PPT?

Fri, 07/15/2011 - 15:50 | 1460643 Bananamerican
Bananamerican's picture

i'll believe it when i see it....

Sat, 07/16/2011 - 03:44 | 1461799 darkstar7646
darkstar7646's picture

The only real question becomes then:

How much stock does the Federal Government, through the PPT, hold?

Fri, 07/15/2011 - 15:45 | 1460613 newstreet
newstreet's picture

Carthago delenda est.

Fri, 07/15/2011 - 15:46 | 1460619 MobBarley
MobBarley's picture

I feel that somehow, ZH is using these Fredericks of Hollywood ads

to counter the onset of global economic depression. It's hard to 

manifest a reality of social, emotional, and economic mega-poverty looking

at such soft pliable rotund fannies and mammaries. Thank you Fredericks of Hollywood!

Thanks a bunch!

Fri, 07/15/2011 - 15:49 | 1460635 Vic Vinegar
Vic Vinegar's picture

Agree with the sentiment. 

It seems as though you are making good choices with the other websites you visit as well...

Fri, 07/15/2011 - 16:05 | 1460727 konputa
konputa's picture

Haha. +36-26-36

Fri, 07/15/2011 - 16:18 | 1460756 Gene Parmesan
Gene Parmesan's picture

Only if she's 5'3"*


(*assuming you meant 36-24-36, of course)

Fri, 07/15/2011 - 23:20 | 1461578 GoinFawr
GoinFawr's picture

Mr.Parmigiano Reggiano, nuance'r. Or are you judging those who might like a little shake to their shack?

Sat, 07/16/2011 - 12:25 | 1462075 Absinthe Minded
Absinthe Minded's picture

Then why do my ads keep coming up for dating Ukrainian midget transvestites? I don't work for the SEC.

Fri, 07/15/2011 - 15:52 | 1460646 centerline
centerline's picture

The ads are probably tailored to you via your previous web searches and other information gathered from your online behavior.  I clearly am not doing this right because I don't get those ads.  Guess I will have do some work here to get some eye candy on my ZH pages.

Fri, 07/15/2011 - 16:00 | 1460693 NotApplicable
NotApplicable's picture

All I ever see is two local banks competing for the online market. No thanks, I'll stick with my crappy credit union.

Fri, 07/15/2011 - 16:06 | 1460735 andybev01
andybev01's picture

No ads for me. Firefox ad-blocker is extraordinary.

I make up for it by sending alms to the Tylers via the

DONATE TO ZERO HEDGE link...hint, hint.

Sat, 07/16/2011 - 07:15 | 1461858 fredquimby
fredquimby's picture

Adblock Plus. Not seen an ad for years.

Fri, 07/15/2011 - 16:08 | 1460743 cougar_w
cougar_w's picture

I get lots of ads for credit scores, insurance. They either don't know jack about me and those are the default "ZH loser" ads, or they know my age (50+) and figure I'm a tight-wad.

Hey Google: I'm a scientist! A mad scientist!! I like explosions and Tesla coils and Gothic castles. I'm telling you with my mind --- MMMmmmmmMMMmmm -- there! Now let me see some useful l33t m4d sci3nce stuffage in teh ads.

Fri, 07/15/2011 - 16:40 | 1460863 konputa
konputa's picture

I do find it amusing to compare ad experiences. I see Audemar Piguet and mail order bride ads when viewing 0H from my cellphone. Funny too because I've never shopped for either from my cell phone.

Sat, 07/16/2011 - 11:12 | 1462001 hedgeless_horseman
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Do NOT follow this link or you will be banned from the site!