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Watch Bernanke's Speech At The Committee For A Responsible Federal Budget [No, Really] Live
We know our readers are excited to watch a speech headlining the Chairsatan and moderated by Steve Liesman. Which is precisely what will happen at 2:30pm at the Committee for a Responsible Federal Budget ("bipartisan group of budget experts concerned about this nation's fiscal future."). You can watch the webcast live below. The full chairsatanic speech can be found here.
From the CRFB:
This year, we are opening the roundtable conference to an
invitation-only audience. The remarkable line-up at the roundtable
includes:
- OPENING REMARKS: Chairman Ben Bernanke, Chairman of the Federal Reserve System
- The Honorable Paul Ryan, Chairman of the House Budget Committee?
- The Honorable Gene Sperling, Director of the National Economic Council
- The Honorable Mark Warner, Senator from Virginia
- The Honorable Mike Crapo, Senator from Idaho
- The Honorable Alan Simpson, Former Senator from Wyoming and Co-chair
of the National Commission on Fiscal Responsibility and Reform - The Honorable Jim Nussle, Former Director of the Office of
Management and Budget and Former Chairman of the House Budget Committee - The Honorable Bill Frenzel, Former Ranking Member of the House Budget Committee
- Bob Reischauer, Former Director of the Congressional Budget Office
- The Honorable John Spratt, Former Chairman of the House Budget Committee
- The Honorable Larry Lindsey, Former Director of the National Economic Council
- Ruth Marcus, Opinion Writer for The Washington Post
- Andy Stern, Former President of the Service Employees International Union
- John Engler, President of Business Roundtable
- David Brooks, Op-Ed Columnist for The New York Times
- Maya MacGuineas, President of the Committee for a Responsible Federal Budget
- MODERATOR: Steve Liesman, Senior Economics Reporter for CNBC
»
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that isn't so smart. ....
For a DECADE! We have shipped 50,000 Jobs a MONTH! To China! (alone)
For the majority of that time we have given Tax Breaks to Corporations to Move those Jobs.
For the better part of a DECADE! We have undermined our own Tax Base!
For Longer! Than a Decade we have allowed the Largest Money Makers, with the Largest Lobby’s to Pay almost NO! Fucking Taxes!
America is NOT! a Country that has no social safety net or that is supposed to be OK! With being a Police State.
If any Citizens want to live in an America with no Social Safety Nets!
If any Citizens want to live in an America that is a Police State!
Should get the fuck out and go live in one of the MANY! Shit Hole Countries that are already living under those conditions!
America is Supposed to be better than those 3rd World Countries!
But the top 1% of the 1% keep spending Lobby monies and Buying T.V. ad time to realize a 3 rd World America!
Most of you buy Gold and Silver to insulate yourselves from an uncomfortable life style! I buy Gold and Silver so that in the event of Social un-rest that I may be able to pay for / feed an army to Rout by the Almighty God! You Wanna Be Tight Fisted, Treasonist Scum from My Country! I pray for the chance to rid this once Great Country of the scum that is the real drag that keeps hungry children hungry! God have mercy on you because I will NOT!
All of you that support people / corporations NOT paying their fair share!
All of you that support a 3rd World Living Standard for any American for ANY REASON!
I want to see you Hanged on the White House Lawn!
since when does TD post content from the Onion
"You must make a permanent raise of the debt ceiling for a short period of time."
That line was pure genious.
@NAF Live Events , ongoing. anyone still
watching. it has progressed into the
blame the peasants for not embracing their
slavery, and attentively praising their debt masters.
shocking, the arrogance and dismal ignorance of
money and man displayed by these self referential
and appointed luminaries.
.
bb.
"Conclusion
The task of developing and implementing sustainable fiscal policies is daunting, and it will involve many agonizing decisions and difficult tradeoffs. But meeting this challenge in a timely manner is crucial for our nation. History makes clear that failure to put our fiscal house in order will erode the vitality of our economy, reduce the standard of living in the United States, and increase the risk of economic and financial instability. " ben.
.
did he not just send hundreds of billions, if not much more,
to europe in exchange for ....... exactly what?
our house in order?
.
Leona Anderson - "Rats In My Room"
http://www.youtube.com/watch?v=beQc-WDMnow
.
im sick of listening to this already.. this psychopath is effectively going to talk nonstop until the us defaults...
and viewers are droping... at the same rate as the dollar..are you serious hes speaking again
So...this speech is "the public output" from Bilderberg '11?
One has to wonder about these people, for example - flying in planeloads with $2.5 billion dollars worth of Franklins per plane - into a war zone! It is a small wonder that all of it was not stolen. When I landed in Vietnam in '69, one of the first things I had to do was exchange all my Greenbacks for MPCs [Military Payment Certificates] which could be used as money. What can one expect from these folks when they deemed it reasonable to fly in the real deal into [let me say it one more time] a freakin war zone. We are truly doomed, doomed, I say...
Crapo and Lies-man are the only ones appropriately named...
That said, the roundtable members are douche bags, liars, useful idiots and morons, one and all...
“Where has the money gone . . . Something is not right.”
http://maxkeiser.com/2011/06/11/where-has-the-money-gone-something-is-no...
.
Bev | June 11, 2011 at 6:57 pm |
Michael Hudson has a pdf on the history and biblical history of the need for a Debt Jubilee in a Debt Monetary system. Money is Debt created by loans which have to be paid back and so eliminated from circulation, but money for interest is never created so it has be been paid via additional future loans. So money is not just debt, but also a piling up of more and more unpayable interest as if more debt pays off debt.
A Debt Jubilee (should be popular with many religions) followed by staying in a Debt Monetary system is not a viable money system compared to a Wealth based Monetary system where governments, federal, state, or city, create money, by an accounting change from debt to asset, and spend it into society for work (jobs, jobs, jobs) performed.
Ellen Brown is building a Public Bank movement, state by state, based on the successful No Debt Money system of North Dakota.?
http://webofdebt.wordpress.com/?
“The Bank of North Dakota: A Model for Massachusetts and Other States?”
— Response to the May 2011 Report by the Federal Reserve Bank of Boston?
Posted on June 1, 2011 by Ellen Brown?
Last week, the Federal Reserve Bank of Boston (FRBB) released a report titled “The Bank of North Dakota: A Model for Massachusetts and Other States?” The report confirms that the Bank of North Dakota (BND) is a prudent, well-managed financial institution that serves in partnership with community banks as an effective economic backstop to credit contractions.
. . .?
Bill Still?
http://www.secretofoz.com/?
Whose book and video, “The Secret of Oz”, shows that we have won this same battle (Money controlled by government–a Debt Free Monetary system, which several times was backed by silver)…we have won this same battle six times in the past, fought successfully by the likes of George Washington, Abe Lincoln and John F. Kennedy among other Presidents who were then warred against, assassinated, or attempted to be assassinated.?
So, we need to win again for the 7th time, and strongly support all our politicians who support us by turning this economy around fast with a Debt Free Money System, accomplished by making an accounting change.
……..
from Byron Dale:?
http://moneyaswealth.blogspot.com/2010/07/focus-on-problem-not-side-issu...?
Best Political Quote in Over 100 years!?
“If men can create electronic bookkeeping entries representing debt and loan them into circulation, men can surely create electronic bookkeeping entries as a payment and spend them into circulation with no debt. Which do you prefer?”
??- Gregory K. Soderberg, Rep. Candidate MN. Lt. Gov., 2010?
………..
Byron Dale? http://www.moneyaswealth.blogspot.com/?
MONETARY POLICY?
How money gets into the economy.
?This is the key to the solution.?
There are only 3 ways money can get into the economy and all 3 have their own set of consequences. Those 3 ways are:?
Gift it in??
Lend it in??
Earn it in?
Gift It In?
This way promotes many problems, from financial to moral. If you place a flatbed trailer of $100 Federal Reserve Notes at every major intersection and invited people to come grab as much as they could hold in each hand, once per day, a few things would happen for sure.?
First, it would lose its value, not so much because of any “economic rule” of formula, but because I would not want the money in your pocket when I can get my own – and more than I can spend – tomorrow! So if I were a merchant, why would I want your $100 Federal Reserve Notes (FRNs)? They are not hard to come by and they, in no way, represent production – past, present, or future.?Second, There would be few products to buy with your handfuls of FRNs. Why? Because who is going to go to work, when tomorrow they can go down to the corner and get 2 handfuls of $100 FRNs? No work? No products get made (production). No products get made? Nothing to buy with your fist full of FRNs – or with your electronic checkbook money either!?
Lend It In?
There is NO money created in this process to pay interest with – only principal is created when a loan is made. So, it’s unworkable from the start. Looks OK at first – easy money! But, it’s a Ponsi scheme. A Bernie Madoff heist. It institutionalises corruption and criminality and leaves the Nation without a permanent money system while guaranteeing its people eventual economic destruction.
?Earn It In?
First, this way, there’s no debt. Government would create the money (same as the banks do now) and enter it on their books as an asset, instead of a debt. Contractors get paid for production that we need (infrastructure) and they pay their workers – who buy stuff. No debt, no borrowing, no bonding, no tax increase, no tolls, good modern roads, safe bridges and a huge debt-free stimulus. That means JOBS!?
If You Do Nothing?
The only reason not to learn how this works is either pride and hard-headedness in the face of pure logic, or that you like debt, borrowing, taxes, tolls, corruption, criminality, unpayable interest and ultimately, an economy in ruin. If you like those things and like the international bankers stealing your money by deceiving you, don’t change a thing.?
Make One Small Change?
This could be implemented within 72 hours (maybe less) of passage. The bill is TWO PAGES! Congress could actually read it for a change.
?Nothing but an accounting procedure needs to change. Oh, and your mind. You have to want the change. If you think you can’t – you can’t. If you think it can’t be done – you’re right.?
Q: What does man do??
A: Pretty much what he decides to do.?
Simply change your mind, get behind this idea and make it work.?
It will work.?
Don’t let them side-track you by talking economics. It’s about MONETARY POLICY. It’s about how money gets into the economy that matters most.
……..
Your Money Is Overseas.??YOU Were Made To Borrow It, By Congress.??
It Was Paid To Offshore Banks.??
PAY ATTENTION!??
They Stole From You and Made You Pay For It.??
The banks are destroying your nation, sending production jobs out of the country, keeping your borders open to drive down wages and vote in bigger transfer-of-wealth programs, while stealing your rights and liberties and building a giant police state right under your nose.??
ALL OF THIS? IS A RESULT OF ?A DEBT BASED MONEY SYSTEM!!
??Monetarily, there is only one way out of this:??
A WEALTH BASED MONEY SYSTEM brought about by the monetization of the production and rebuild of infrastructure.??
Why infrastructure??
It benefits everyone.??
Why monetize the production of infrastructure???
No money is created unless there is production.??
Does this system produce debt???
No. There is no borrowing or bonding to fund approved projects.??
Does this system provide jobs???
Yes! Many millions of jobs!??
Are these jobs only in construction???
No. The money flows into the economy and produces jobs and investment in all sectors.
??……?
quoting from Dale Byron’s book:??http://www.mega.nu:8080/ampp/comingbattle/cbchap3.htm??
CHAPTER III??NATIONAL BANKS AND SILVER??
The national bank autocrats saw, in the rich deposits of silver in the Western States, the danger that menaced their power, and they made haste to strike down the silver dollar, which, in their fears, would become the regenerator of the financial condition of the people. Silver dollars meant cash, national bank notes meant credit, and therefore the bond-holders and bankers of London and New York City decreed that silver must die.