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At Least They Are Finally Honest
From remarks by the Dick Fisher of the Dallas Fed:
- The Fed has artificially sustained markets
Thank you for the admission, oh FOMC member. And to think just 4 years ago anyone accusing the Fed of using its "invisible hand" and doing everything in its power to solely focus on the stock market was labeled a "conspiracy theory" crackpot. One wonders what other "conspiracy theories" will be admitted by the Fed as fact in another four short years?
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Hey Dick, did you take delivery of your GLD yet?
You can admit anything after the fact, because the next time the same people will just fall for it again.
I won't believe it until I hear it from Bernankes' lips. Someone in the MSM should ask him.
Yeah its going on as I type this message. Dow ramped up 60 points in a heartbeat
The Fed has, will, and will continue to....
and YOU, dear US Citizen, are gonna pay for it! Or else!
What??!! Stock and equity market prices are not efficiently priced due to the Federal Reserve violating the most basic of its statutory authority!
How much overpricing of stock and equity markets has the Fed violating its statutory authority led to, and what happens when Fed Reserve officials and staff members are called before the Senate to testify as to why they're illegally tampering with equity (and other markets)?
Will the Congress revoke the Federal Reserve's charter?
What is the level of distortion in other economic and financial markets due to the Federal Reserve violating the most basic of its statutory authority?
What will happen now that the Federal Reserve will, at a minimum, be forced to cease & desist from violating its charter? Will equity markets and stock prices crash? What about bonds and credit instruments? What about other markets and instruments?
How has this illegal Federal Reserve action affected all other global markets?
Are we now amidst a massive, artificially propped up, sea of asset bubbles, that are prone to crash, now that the Federal Reserve will have to cease & desist from inflating them via methods that violate the plain intent and language of U.S. statute?
WHAT IS GOING TO HAPPEN? HAS CONGRESS YET SUBPOENAED FEDERAL RESERVE OFFICIALS & DOCUMENTS IN RESPONSE TO THIS FUNDAMENTAL, SERIOUS VIOLATION OF U.S. STATUTORY LAW?
WHAT ARE CONGRESS, THE DEPARTMENT OF JUSTICE & THE EXECUTIVE BRANCH OF GOVERNMENT GOING TO DO ABOUT THIS BLATANT VIOLATION OF U.S. CODE?
I can only imagine Eric Holder or Obama replying: "Blow me Baby"
One might argue, that when someone is "finally honest" (as per the headline), they never were, and still aren't.
Forced honesty is fundamental dishonesty.
Unless all those COCKSUCKING CRIMINALS masquerading as central bankers are thrown in prison, NONE of the manipulation in any market will cease.
You have to destroy the system, any people thrown in jail will just be replaced by any one of a 1000 eager lackeys.
How about we hang the top 1000 controllers in the US for treason and crimes against humanity, that would send a clear message to the rest of them.
does this admissions set up Bernanke as committing perjury?
He already did, by testifying that the Fed will not monetize. Of course, that's all they've done.
I can just see the cartoon now. Dick Fisher as Lucy pulling the football away as Charlie (sheeple?) try to kick the ball.
Can i get an AMEN!!
Next time there will be fewer banks to bail out too. Darwin at work.
Actually you can admit to doing anything you want when it comes to financial markets - there is little to no enforcement of laws to those connected.
The Fed could come out and outright admit to providing insider info to all the primary dealers, admit that those dealers made 2bil on the info and nothing would happen to anyone.
Yep, people will forget and continue to believe the opposite. When the fuel is pulled away from this market, the engine will seize up and die.
The Bundesbank better hope they have something left of that 300 tons they were promised.
Who needs hope when you have Mali.
The new Fed uh Bernanke mandate... sustain markets
Fischer the fissure.
Take a bow Tyler.
SHTF soon
The confluence of "signs" is pretty amazing isn't it? Pretty immediate. Feels pretty real.
Hell yeah.
http://houston.cbslocal.com/2013/02/20/houston-group-giving-away-shotgun...
If you look at the world around you obliquely, you can see what is happening.
1950's- Father knows best... a measured and wise and professional man guides his children (sheep) through life. Eisenhower was like our father. An authoritarian military regime protecting us from evil in our neighborhood...
Remember leave it to beaver?
NOWADAYS-
Jackass: http://www.youtube.com/watch?v=uPkf6DTG8wQ
Human Wrecking Balls:http://www.youtube.com/watch?v=6P3Ohg8P-kU
If you don't see it unraveling, then you ain't paying attention.
Daily Paul: Firearm manufacturers fire back. With passive resistance.
19 industry leaders have refused to deal with governments that disarm citizens. This continues the trend of division in the greater law enforcement community: those who protect the state and those who protect the people.
From The Blaze: http://www.theblaze.com/stories/2013/02/20/have-any-more-gun...
1. Olympic Arms, Inc
2. La Rue Tactical
3. EFI, LLC – Extreme Firepower
4. York Arms
5. Templar Custom
6. Cheaper Than Dirt
7. Bullwater Enterprises
8. Westfork Armory
9. Smith Enterprise
10. Alex Arms
11. Spike’s Tactical
12. Quality Arms
13. Liberty Suppressors
14. Doublestar Corp
15. American Spirit Arms
16. Trident Armory
17. Head Down Products
18. J&G Sales
19. Magpul (per below)
The statements by some of these firms are encouraging to say the least. They truly deserve our patronage.
Quality Arms Idaho: Will not supply any firearm or product, manufactured by us, or any other company nor will we warranty, repair, alter, or modify any firearm owned by any State, County or Municipality who infringes on the right of its citizens to bear arms under the 2nd amendment.
J&G Sales: Effective immediately, laws that restrict firearms, ammunition, or magazine possession by law abiding citizens will also be applied to state and local law enforcement and government agencies in that jurisdiction. All residents will be treated equally.
Trident Armory: Sunday night, 9pm. As of this moment, all contract bids and offers, as well as any current production contracts for any and all US government agencies and affiliates by Trident Armory are null and void. “We will no longer participate with, or work for a government where the “rights” of the people are able to be adjusted by the whim of the government”.” I will not build guns which can be used to disarm my fellow Americans.”
Take a moment to email your favorite manufacturer or dealer and encourage them to join the ranks of liberty!
This isn't doing anything radical, it's NOT DOING anything to support oppression. Passive resistance=non support.
http://www.dailypaul.com/275463/firearm-manufacturers-fire-back-with-pas...
+1
Those are some brave people. I guess we're going to see some justice dept lawsuits, a la S&P.
Implement NEW muppet freedom-grab in 3......2....1..
Internet destroying MSM. Check
Social fabric in tatters. Check
Fed admits market manipulations. Check
Barry faces impeachment. Check
False flag attempts by tyrants to disarm populace. Check
Guns and ammo sold out. Check
The Second American Revolution, like a snowball gathering mass as it rolls down the slope.
http://www.dailycaller.com/2013/02/21/illinois-state-senator-pushes-anti...
Check!
coming to a neighborhood nearest you via mini-bug drones?
hat tip Drudge!
fuck Drudge and his sock puppet theatre.
.
lots of subliminals in that there sentence. . .
<dup....te :(>
The crooks will have to try and shut the inter tubes down. Too many people have access to their blatant war and financial crimes.
Forward, glorious people's communist revolution!
Helping fleece the sheep since 1913.
Did I miss the 100-year anniversary? I WANT TO CELEBRATE!
Fed's BULLARD before Dick made suspiciously a lot of sense, even mentioning plans on raising the interest rate - first time for FED on my memory post-2008.
Flap your gums, flap! I want the EUR in free-fall!
December 29th 1913 was the day the act passed.
There were several important days leading up to passage however and I think ZH would be well served to mark and celebrate(?) each one.
http://www.jekyllexperience.com/site/539681/page/887302
On the evening of November 22, 1910, Sen. Aldrich and A.P. Andrews (Assistant Secretary of the Treasury Department), Paul Warburg (a naturalized German representing Baron Alfred Rothschild's Kuhn, Loeb & Co.), Frank Vanderlip (president of the National City Bank of New York), Henry P. Davison (senior partner of J. P. Morgan Company), Charles D. Norton (president of the Morgan-dominated First National Bank of New York), and Benjamin Strong (representing J. P. Morgan), left Hoboken, New Jersey on a train in view of a group of confused reporters, who were wondering why these bankers, representing about one-sixth of the world's wealth, were gathering at this particular place and time and leaving together.
Was that the infamous party in the Gold Room?
""The Marriner S. Eccles Federal Reserve Bank Building" @ 33 Liberty Street, N.Y.
http://en.wikipedia.org/wiki/Marriner_Stoddard_Eccles
Yes,... a Mormon, whose church was backed by Kuhn & Loeb [Rothschild subsidiary?/ Warburg/ Schiff?]!
Why: In the late 19th century the [LDS] Mormon Church was plagued by financial difficulties and felt their demise? Being very close to the Jewish religion they went hat-in-hand to a surprisingly, and fledgling financial institution called, Kuhn & Loeb! http://en.wikipedia.org/wiki/Kuhn_Loeb%26_Co. [merged with Lehman brothers in 1977,... yes, the same Lehman?]
Thus, the Mormon's prospered... but there was a pound of flesh to be had sometime in the far away future of a soul Man-Made-Mormon?', called, 'the-flesh-trump-card'... sub-titled, 'Opportunistic Skulduggery'?
FDR brings Marriner Stoddard Eccles along for the ride, whom by the way was quite fond of Keynesian Economics, having broken bread often with Keynes himself!
What happens next is quite predictable if you follow finance and history-- FDR makes Marriner the Chairman of the Federal Reserve Banking System... and the rest is history {(1934-1951)(Ps. Keynes dies in 1946 btw)}!
so, are there any questions on who runs the USSA-FRBs and USSA's State Dept.? Please forward to Ben Shalom the Bernak... or Alan J [as in Jay homer Simpson, or Judas?] Greenspan!?
JMO
thankyou Tyler
Nothing new under the Sun.
Everything is under One umbrella. :)
Unadulterated, conspiratorial BS
Ah, this was after the opponents were drowned in the intentional sinking of the Olymp... oops I mean the Titanic.
Well, I better prepare!!
DECEMBER 29 it is! SAVING FOR A BOTTLE OF BOLLINGER!
Should send this to Crap, Nothing But Crap, especially Liesman
Cramer says that this is very bullish.....
Of course he does. As will MANY OTHERS.
"The Fed has artificially sustained markets"
Reads like a victory speech... "The Fed has SUCCESSFULLY sustained markets!!!!"
Conspiracy Fact, bitchez!
Next thing you know, Kerosene WON'T be able to melt steel!
I take it you're referring to Majikal Jet Fuel.
Not only can Majikal Jet Fuel melt steel, it can suck the guts out of gold bars and replace it with tungsten.
So there.
"We never painted the walls in thermite/-mate. I did not have sex with that steel core." PANCAKES, everyone!
The problem is that this is not an accurate statement. It's knocking down a straw man. As if there were markets to be sustained, artificially or naturally. There aren't. So what we are looking at now is policy which allows the market to function "naturally." What this means is that the mechanisms used to loot the society so far, are getting to the end of what they can loot. So now we will use another mechanism to loot: letting the market find its "natural" level. First I shot you, now I will stop you screaming by poisoning you. Thanks, Mr. Fed!!
How do they NOT continue sustaining the markets?
They drew us outta money markets, CD's and anything that resembled "safety" with our cash.
We are now in the market with the risk assets and bonds.
Pension funds - state and private - are banking on huge yearly returns to come close to covering their future draws.
If the fed pulls the plug - WE ALL GO BROKE!!!
Yeah, I have some gold, silver, land, farm animals, gardens, guns, chickens and all that shit....but I am more of an exception than the rule of the land. If "they" allow the market to tank we are all FUCT.
There would be an adjustment period. If we all have food and shelter now I don't see why we wouldn't have those in the future.
Do you expect a substantially different outcome if they don't pull the plug now, because if you do you would be mistaken. In fact, the more debt the Fed prints, the more broke we'll all be. That's just simple common sense. Every dollar printed represents a dollar of debt to the Federal Reserve. As it becomes increasingly obvious to anyone watching that this immoral game the FedGov has set up has limits beyond which the system will collapse, the fed, the banksters, the politicians, and others with a vested interest in the immoral game are trying to figure out how to prevent or stave off the collapse, but they haven't been able to do anything other than loot taxpayers a little further.
The point of no return has been breached by the FedGov and other central banks and governments, and we must bear the weight of the sins of those who came before us and created and sustained the FedGov system, as those who come after us must bear the weight of our sins. I predict lots of gnashing of teeth in the valley.
That's the plan, so they can have their World Currency........
Dickie boy has always been the hawk. too lazy to look up but i think he ight have been the only fomc member to have run a public bank before.
edit* checked and saw he did work at a bank.
http://www.dallasfed.org/news/speeches/fisher/2013/fs130116.cfm
some more intersting quotes from dickie.
"The Dallas Fed’s proposal offers an 'about-turn' and a way to mend the flaws in Dodd–Frank.... In a nutshell, we recommend that TBTF financial institutions be restructured into multiple business entities. Only the resulting downsized commercial banking operations—and not shadow banking affiliates or the parent company—would benefit from the safety net of federal deposit insurance and access to the Federal Reserve’s discount window."
He is either playing devil's advocate or the shtf banking meltdown part 2 is knocking at the door. This time around they won't be able to keep the mob with their pitchforks, torches and ropes at bay. First time shame on you, second time shame on me.
"bondbolders, banks and property speculators." that's who the Fed IN FACT bailed out. Equity is risk capital...not even the Fed can bail that out. An economic recovery worthy of the name would be nice. Could be worse. I do agree with those (cough, cough The President cough, cough) who are wondering if we/he got his money's worth. If it were me "I'd ask to have my name on all that stuff you're really using the money for."
Jim "asswipe" Cramer - This is a good thing
2 years ago
Jim "asswipe" Cramer - This is preposterous. Conspiracy theory
"One wonders what other "conspiracy theories" will be admitted by the Fed as fact in another four short years?"
The early are ignored when they are early and hated when they are eventually proven right. This is why it is extremely emotionally difficult to be a contrarian.
If you're a contrarian for the emotions, find another gig.
(not you specifically)
Damn, I just ran out of my giveafuck.
:)
The emotional beatings are just an occupational hazard!
As with all ideologies we only know if we are 'right' for it when we are severely tested. Thus the explanation for so many bandwagon jumpers in the world and why there are so many followers and so few leaders of character and substance. When we are not settled within, when we have not examined ourselves and understand what we are and what we are not, thus able to steel ourselves from the hurricane because we are honest with ourselves, for the most part we are just litter in the wind.
+1000 AND IF I MAY ADD, FUCK YOU BERNANKE
Would a been nice if he just told us 3 yesrs ago. Hope he never dies and is tortured for eternity.
Cost a lot of peope fortunes. Fuck you pig fucker!
"If you're a contrarian for the emotions, find another gig."
I became a contrarian for the excellent dental plan and free continental breakfast.
3 Musketeers Hot Chocolat:
2/3 coffee cup of hot water
2 heaping spoons of coffee creamer
1/2 3 Musketeers long candy bar
Stir and reheat as necessary
ummm yummm
I have been trading gold for a few years now and it has become ever more clear to me that something was not right. Now there is confirmation about what I and many others already knew.
Hey, Dick. Are you dying and afraid your non earth master, the one you sold your soul to, doesnt have air conditioning? Is this a moment of confession?
No fucking shit Mr.Dick Fister.... How about sending Tyler a little love for being ahead of the curve?
Full Disclose from Fed: We regret not reading ZH. We concurrently regret embodying the egotistical and fascist premises that have long distorted capital markets.
That would be something else, eh?
SO its kind of like if your wife catches you in bed with another woman and exclaims, "You cheated on me!!!!"
She thinks it was just with the woman she caught you with. What she doesn't know is the other 100 or so over the years.
*disclaimer: I've never cheated on my wife. She might walk in and see me writing this post.
Is it a conspiracy?
They draw us outta money markets and CD's into the risk assets while "they" the government (posing as TBTF) IS the market, seeing all the cards face-up, and knowing what the next move is? All the big market jerks and yanks - SOMEONE is making money. Hedge funds seem to be sub-market returns...so who is making the cash on the big moves either direction?
They can take from us directly - with no raising taxes, no confiscating IRA's, etc? At least untill we are all flat-assed broke.
You mean the FED buying $85 billion a month is artificial support?
Stop the presses! I thought it was supposed to help employment?
Anyone at the FED care to explain how buying levered bank Ponzi schemes (MBS's) is supposed to create employment, or in four years will we hear "We thought blowing another bubble in housing with primarily illegal immigrant labor and buying bank securities that makes banks money which never leaves Wall Street was going to help the middle class but we were wrong."
Doubt it.
If we're going to be honest now, why not admit the prices in every market are manipulated?
The Fed is pumping the market to try and pump pension funds. They know when all those funds turn to shit there will be rioting in the streets. Of course they will destroy the economy in the process, fuck all the old people(they won't riot) and screw all the youngsters. Good plan. FUCK YOU Bernanke
look at what the dow did in the last hour and a half of trading......
Tyler's revelation was obviously yet another bullish indicator..............
Why would anyone care about this when it is going to SNOW (again!) in parts of the US? That is the next worst thing to asteroids! Snow!!! Hide your kids, hide your wife!
and then when everyone is employed as a rice farmer living hand to mouth they will continue it until we regain the prosperity we once enjoyed.
Thank you Captain Obvious.
pods
wheres my Bamabux, my foodstamps; coke, bamaphone, welfare and cash back tax filing, im going to Dinnyworld baby cry, cancel that, circus Cruise Ship ? screw dat?
im going to VEGAS, duck and cover, at the Not OK corralle, nope: FRANCE, SEE THE EIFFEL TOWER, ? French, F___k the french.,
I Know: Im going to Chi town and boogie with Jesse, maybe buy some elk heads, rolexs and fedoras. and sing strangers in the night.
Fraudsters in the Night, What Were the Chances...? LOL
Speaking of honesty, here is a good read.:
http://theuglytruth.wordpress.com/2013/02/21/purims-violent-side/
Call it what it is, don't dance around it:
artificially sustained markets = WELFARE FOR THE RICH.
An escape route for baby boomers who have their life savings in fraudulent equities.
...it must be a lie...or is it true...or is it a lie....doesn't compute....pfffttt......
And when it "artificially" sustains it also "distorts". Have yet to see the fed res paper documenting the drag on the economy related to the misallocation of resources caused by the mispricing of money. Hint: maybe you could start with the housing market.
Biderman, after losing his sanity, poor guy, is all giggles on this one.
Before Biderman came out saying this, I was e-mailing him and Glenn Beck to expose this. I was watching future contracts way out of the money being purchased...... it didn't MAKE sense. Biderman came out on TV about a month after my e-mail to him.........
It's a ruse.
Tyler,
Do you have a link to the video/article from him? I have about a hundred people to send it to... including Drudge.
Fisher is a hawk, and has been against more QE for quite a while. Only when you get Bernanke, Yellen and Evans to say this will you be able to declare victory. If (when?) they do, the market will drop, some more banks will fail, interest rates will rise a little, and maybe, just maybe, we can start a real recovery!
The Stock market is manipulated...
The Bond market is manipulated...
The Gold and Silver markets are manipulated....
The Currency market is manipulated ....
So explain to me why we need the FED??
The FED is the one doing it...... they are the only entity that can print or digitize money to do it without going to jail.....
If I tried to print money to pay my bills, I'd be in jail!
To create the illusion that banks are solvent.
B I N G O !!
An axiom of fascism I learned some years ago:
The truth is revealed once, and only once.
Well, there you are. Applies to this instance, no?
What we all wanna know and is when it is admitted or leaked in a upcoming auto biography in the next decade is:
1) To what extent was the Fed buying SPY and other etfs, equities, currencies?
2) How much do they presently still have on their books as Tyler alluded towards years ago?
3) Who devised this candy land strategy of thinking they could covertly distribute said holdings in the year 2037 after the S&P was 120,000 for supposed "Gains"?
And all the banks made a secret back room deal with the Fed to be complicit and in return for 0% were never permitted to sell stocks again. This has not at all gone according to plan because regardless of what the markets say..the economy is headed downward on the elevator and the populace bereft and agitated.
All alleys arrive at a brick wall. It may not be now nor a decade but the wall does not move.
Inflate,Allow the inevitable deflate or die.
So is this a Gloria Allred moment? Can anyone losing in a short position now sue Bernank & Co. for price manipulation and recover their losses? Where do I sign up?
Fate the Magnificent
"Push the Button, Max"
I agree with you..... Before the FED manipulation I was making on the long and short side, 100K per year. In the last 4 years I've lost 300K. Technicals did not work because the FED has insider information.
Can you sue the Fed for being on the short end of their manipulations? LMFAO
Don't you know they do what they do to maximize employment and give us price stability? \sarc off
No shit!!!!!!!!!!!!!!!!!! The ZH Conspirasist are right ...
Where is MDB?
anyone who does not believe in conspiracies is a fucktard....
as alan blinder, former fed vice chairman told americans on network telecast - i believe in the 90s - the last duty of a central bankster is to tell truth....
they really do not need conspiracies. they just announced 85 billion a month of purchases in the open making it loud and clear. Greenspan has been saying this same thing for years. They openly admit that banks cannot go under. They have no problem taking money from old people who worked hard and giving it to people who created the problems (gov and banks)
Really. Well then, there's no excuse for not drawing the the ropes.
Fedlatio!
So, in other words, through illegal manipulation of the market, the Fed has defrauded the people on the short side? If the Fed was not immune to crimnal prosecution and if the Obama administration actually prosecuted fraud then it could have gotten interesting. Alas there won't even be a civil suit.
Ben Shalom will skate away from this in this life, but not the next. He is no better than a common thief or mugger. A year in Hell for every dollar he printed sounds fair.
You have to go where the FED helicopters drops the $$$$ or you don't get any.
That's what it is when the FED has "fixed" all the markets. It isn't 2008 any more.
"At Least They Are Finally Honest"
No, they are still dishonest. They only admitted that they have been lying to everyone for years. That's not what I call honesty.
what they are doing in the open without any hiding is more scarey than any consirpacy theory could come up with
"... One wonders what other "conspiracy theories" will be admitted by the Fed as fact in another four short years?"
Welcome to the Bizarro Mirror World!
When one goes THROUGH the looking glass of the Bizarro Mirror World, one realizes that ALL of human history has been simply a series of conspiracies on a grand scale.
"Conspiracy theories" are actually the best explanations, because lies backed by violence were the realities. Governments were always the best organized gangs of criminals, i.e., those groups who were best at warfare, i.e., best at backing up deceits with destruction. Governments were always taken over and directed by the best organized covert gangs of criminals, through bribery, intimidation and assassination.
THOSE ARE THE REASONS WHY THE FEDERAL RESERVE BOARD EXISTS, AND CAN CONTROL THE AMERICAN ECONOMIC SYSTEM, AS A COMPONENT OF THE GLOBAL ECONOMIC SYSTEM.
Human societies are energy systems which necessarily manifest the principles and methods of organized crime.
Political science "should" apply unitary mechanisms, namely, that ALL social behaviour is dominated, and therefore, directed by the principles and methods of organized crime. Warfare was simply organized crime on a larger scale. War made states. Then states were taken over by the best organized covert criminal gangs. Therefore, the long history of militarism made War Kings, which were taken over in more recent history by the Fraud Kings.
Central banks are the Fraud Kings, with the King of Kings of Fraud currently being the Bank of International Settlements. The international banksters are the biggest gangsters. They were able to retake control over the USA, through a campaign that began after the revolution, and which was able to gain more and more power, despite some earlier periods of reversals.
Americans are facing the consequences of what happens after the checks and balances which were supposed to maintain a better dynamic equilibrium of use of the powers of governments break down, and end up being used by a runaway triumph of the Fraud Kings controlling everything, through legalized lies, backed by legalized violence.
Any "solutions" that are not based on the realities of the dynamic equilibria of the principles and methods of organized crime in action are simply more bullshit, serving ulterior purposes.
The deeper facts regarding "conspiracy theories" are that human societies are ALWAYS organized systems of lies, operating organized robberies. The biggest human institutions are ALWAYS operated by the then best organized gangs of criminals, applying the principles and methods of organized crime. There are no genuine solutions other than better organized crime.
Better government MUST be better organized crime, because government IS necessarily organized crime. Americans have become too brainwashed by bullshit to be able to understand that, which enables the current runaway reality of the local and global Fraud Kings, the central banks, and the corporations that grew up around those banks, to act with more alacrity, as they destroy the dynamic equilibria that America used to partially enjoy.
Attacking the current crop of the best organized gangs of criminals, who have covertly taken control of the government, is not worthwhile without a better organized crime system to take its place. It is not who they are, but what they do that matters. Any "solutions" which continue to be based on false fundamental dichotomies, and impossible ideals, must continue to actually cause the opposite to happen in the real world!
As the established systems of runaway triumphant frauds drive themselves mad, due to too much success at controlling civilization with legalized lies, we "should" develop a more genuinely scientific understanding of political economy and human ecology. However, that requires that we use unitary mechanisms to understand what has actually happened, and therefore, what actually "should" be done about that situation!
Paradoxically, some fringe conspiracy theories need to systematically become the mainstream understanding. The paradigm shifts we "should" go through in politics are nothing less than like no longer believing that the Earth is the center of the universe, or that fire is an element, and so on and so forth ...
Various tiny tipping points, like in this article, where we see fringe conspiracy theories, from not long ago, suddenly be admitted as mainstream observations, "should" be systematized! We "ought" to begin with the concepts of subtraction and robbery, and then attempt to negotiate better dynamic equilibria of those upon the basis of that understanding. Since government necessarily IS organized crime, covertly controlled by the best organized criminal gangs, we "should" be approaching the problems being driven by the Federal Reserve Board on the basis of that understanding.
Of course, what we "should" do is currently in a head-on collision with the history that selected the current Fraud Kings to be those who were the best at lying about what they were really doing. Our society is dominated by the best professional liars and immaculate hypocrites, and they tend to be opposed by a controlled opposition that promotes similar bullshit as the "solutions" to that! However, as too much triumphant fraud reaches the turning points, where it tips into collapse and chaos, there may be a brief opportunity for more radical truth to emerge?
You are a Tyler! Kudos to you.
Thanks for the high praise, metastar!
If there is ever a CLASS ACTION LAWSUIT against the MTFERS and CROOKS, count me IN
Gun shops here in Sth.Cali doing roaring trade (ammo too).
Seems as if people don't trust their elected representatives anymore.... Hmmmm.....
Screw guns, I'm going to use a knife. More personal that way.
Does this mean that Paul Krugman lost too much 'street cred', and got RIF'd as the PR guy for the Fed's "alleged manipulations"?
Paul, you need a new gig. You know... how Saul became Paul on his road to Damascus? Reposition and rebrand: Come on over to the enlightened side of the Force. Oh, wait, Mr. Spock tells me that "The Force" is not our shtick, and that you should speak with George Lucas about a possible role. We can still co-author that book for the next Nobel Prize, that I alluded to in my earlier posting. As soon as I recover from my visit to planet 'B4alphaQRU/18QtPi' in the Alpha Canis constellation. Kirk out.
Just to be clear, 'monkey-hammered' is not spelled 'a-r-t-i-f-i-c-i-a-l-l-y s-u-s-t-a-i-n-e-d'.
I think Dick is trying to avoid dangling from a noose by putting some truthiness out there now before the shtf.
Can I take out an insurance policy on this guy?
At least we know now that Kevin Henry was not acting alone. I was concerned that the kid may have been acting out of compassion for his fellow citizens and illegally manipulating markets. I feared that he may have been setting himself up for some very harsh consequences. <SARC>
“When it becomes serious, you have to lie.”
? Jean-Claude Juncker
The truth of all governments whether purported democracy, communist, fascist, autocratic, theological... allows the powerful to rape the powerless.
they, the Cbs, have artificially sustained markets to fight the greater evil of perverse oligarchy capitalism bringing down the system. They have fought fire with fire, until St George can kill the dragon of oligarchy JPM/SQUID market.
To do that the state must print world wide and ensure the oligarchy is beaten at its own game and then, only then, turn the tables on the sick HFT market by stifling it until it dies and there is enuff liquidity to avoid the 1931-1934 crisis.
Then the states of the world will have killed the hundred headed hydra of the financialised private beast of shadow banked rewanked derivatives. Flushed out the caboodle from Cayman alligator land.
My eloquence matches that of MDB, I am convinced of it. Krugman as St George's Sancho PAnza and BEN of Bernanke as Don Quixote by St George of Ponzi God.
Anyone else able to locate a credible source with what Dick Fisher said? (bloomberg, Reuters or any MSM with the remark in it?)
Did anyone tried to google this? Nowhere to be found on the web, except from sites linking to ZH.
Apparently he will be speaking tonight in Dallas. Perhaps Tyler got a leaked version of his remarks. If I were Richard Fisher that's what I'd do. Leak it to a "fringe blog" "tin foil hat wearing" type of news outlet where it wouldn't get too much attention at first, but the seed would be firmly planted. BTW those adjectives were meant as compliments. http://www.bloomberg.com/markets/economic-calendar/
I think the sane people here wear that label with a badge of honor. There are some genuinely nuts people here but that is true of every board that allows for a peanut gallery.
Yeah it would be nice if the Tyler(s) would post the source of said comments. That would be the difference between this being journalistic or a propaganda piece.
Where's the link to Fisher's speech?