The Monarchs Of Money

Tyler Durden's picture

The world's central banks have printed unimaginable amounts of money in recent years - "these guys are really more powerful than the government." Neil Macdonald explores what this means for the global economy and for your financial well-being - "can you imagine if the American public knew there was this 'club' that met secretly in Switzerland and made decisions that dramatically affected their lives, but we're not going to tell you about it because it's too complicated." This brief documentary should open a few eyes to the reality behind the world's most powerful (and real) cabal.

 

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Ih8u's picture

rule of law failed

long live the RULE OF GOOD

e.blair's picture

Ye Gods. What delusional heights of twirpitude. Carney has no idea that anybody with a brain can tell, as soon as he says one single word, that he is an utter moron. A crack addict at least usually knows that he is fucked up.

Al Gorerhythm's picture

" So, is this about you, Neil? Is this about the money YOU saved?" Damn right, you peice of shit!  It's about all the "money" we saved. We were encouraged by you and your low life ilk to save something that you created, with wich you bought our treasous legislators and which you control the price of, you theiving cock sucker.

Carney, you disingenuous motherfucker, I'm 59, tennis elbow, bad back from honest work, but still I like you to conside this: you/me, locked room and we'll discuss the money that you stole from me. Name the time and place you measely, mealy-mouthed, over-dressed, smarmy Mother fucker! Bring your pal, Bernanke with you. 

H E D G E H O G's picture

i think i'll call that, and raise you +100 'rythm...nice.

H E D G E H O G's picture

btw, i'm probably one of a few zher's that really appreciate your eloquent vernacular.

A82EBA's picture

We know to save in physical not fiat

ebworthen's picture

I am aware.

Buying Gold and Silver and going to do my best to crash the system.

I am not your mule, I am your worst nightmare.  Watch your back bankers, and your necks.

fonzannoon's picture

ebworthen help me out with something that I am struggling with after 4 glasses of wine tonight....If the oligarchs are the ones that truly are loaded up with physical gold and silver....then essentially all we are doing is subscribing to "if you can't beat em, join em" by buying gold and silver right?

I don't mean to come off the wrong way and I may get bashed to shit for asking that....but it just seems like when the dollar crashes these assholes will be the ones that will reset everything off gold and silver. We are just trying to hitch a ride. right?

ebworthen's picture

Well, the more we have the less they have, the more we equalize things.

If our assets are not in the stock markets or the banks to steal, what will they do?

Outlaw PM's and Firearms?  Fine, come and get them.  Even 5 million people with this attitude will make it that much harder if not impossible. 

Fuck 'em.  I won't join the "money in the bank and stocks" sheep; I will fight with civil disobedience by moving assets into land, PM's, weapons, ammo, and self sustenance.

If they want to take those it will be a much more costly fight than a binary digit Cyprus theft, they will have to PHYSICALLY overcome me, which is the way I would rather have it after 35 years of lies and getting ass raped by the system.

fonzannoon's picture

fair enough. At the end of the day I just want these roaches to have to scurry.

ebworthen's picture

Same.  I am utterly disgusted and at my limit. 

I'm ready to die.  If they aren't then I have one up on them.

Herd Redirection Committee's picture

F, the answer is this.

Currently 'they' are in possession of a money-conjuring device, also known as the Marriner S. Eccles Building.

The downside to this device is that, while it confers ultimate power to the wielder, it slowly destroys the very currency it conjures. 

Gold and silver stockpiles are unencumbered assets.  But when you have to pay your butler, and your 3 mortgages, and yacht has to be maintained, and there is the OxyContin habit...  The stockpiles are depleted.

Whereas, when you still had the money-conjuring device, buying influence and having dope parties (literally) was easy.

Karl von Bahnhof's picture

I tell you what we need: worldwide general working strike. 2 weeks. Everything to stop Then it will be quickly over.

debtandtaxes's picture

I've been preaching this, too. But it sounds too socialist to catch fire in libertarian circles. *sigh*

Prometheus418's picture

Yes and no.

I've had to answer for this before, face to face.  First, I don't, and won't own gold.  Gold is just what you say it is.  Silver, OTOH, is a triple hedge.  Most importantly, it is the second-most useful commodity next to oil, and it does not require the same kind of storage considerations.  Secondly, it is anti-microbial, and a clever man with some distilled water and a few 9v batteries can create a suspension of colloidal silver which, while not foolproof, is better than nothing in the face of antibiotic-resistant bacteria.  I'd much rather have kids that look like Smurfs than kids who are dead.

Last, but not least, is that silver is the coin of the artisans and lesser nobility.  While I'd rather win outright, I'll pay for admittance to the court of my new liege lord, if only to put a knife in his ribs.  I'm not really seeing a scenario where victory is an option here, so revenge will have to do.

 

Ranger4564's picture

Which is why the future economy is ideally moneyless and surplus based.

Cobra's picture

I too have been considering this lately... If we spend all of our hard earned "money" on PMs, in theory, that's good for the economy. I'm not sure how it's gonna crash anything... The money circulates, and as long as I don't wind up holding any fiat, I'm OK with it. Still, I don't get how it hurts the system...

Non Passaran's picture

Of course it hurts the curent system.
If you buy gold or silver, your money goes to the trader, the mint and further down to the miner. The money gets spent, but not on cars and iPads.
The more wealth is parked in PM, the less need people have to save in the system of fractional reserve which fuels runaway debt problem.
And here's the network effect - the more people own PMs the more likely it is you can pay in PMs and go around the moron monarchs and their entire system.

Herd Redirection Committee's picture

You buy gold

$1500 USD -> 1 oz Gold

Dealer sells gold

1 oz Gold -> $1500 USD

Dealer must replace gold he sold (as he makes profit on the transaction)

$1500 USD - > 1 oz Gold

Thats very different from putting your savings in a bank account.  And if you understand the current fractional reserve system of banking, you can see how the effects quickly multiply.

the tower's picture

Also, playing the stockmarket - let's face it, it's a casino - is not helping the economy.

Stuffing your hard earned cash in gold is only good to help you carry it over till the dust has settled, but that's all it will do for you. When the dust settles gold will be worth 10% of pre-crash but at least you didn't lose all. Same with art, you pay 1 million now, return is 100.000. That's fine if you're really wealthy now.

If you really are concerned with creating wealth for yourself in the long run then start a company, and work your ass off building it up.

This is a great time to start a company believe it or not.

css1971's picture

It doesn't crash anything.

It protects you when/if things like the Cyprus confiscation come along or the Zimbabwe or Argentinian inflation. That's what it's for. It takes your wealth out of the monetary system allowing you to sidestep the problem.

Bunga Bunga's picture

Fuck you monarchs!

q99x2's picture

Arrest them. Don't let those pedophiles near money it only makes their disease worse. Lock them up. Pull an IceLand on the F'kers. Free the world of this plague upon the earth. 

Stinko da Munk's picture

I'd really like to belong to a cabal. But I barely made it into the fucking health club.

Fuku Ben's picture

My cabal has cheaper payment plans and lower entry requirements than your health club

I'm not only a member I'm the president

jeffgroove102's picture

The irony in all this, is that the central bankers own very little gold compared to the public at large. It is either keiser report 348 or 349 that mentions this jaw dropping fact on a pie chart.

Fuku Ben's picture

Don't underestimate them

The people running the show are psychopaths

They probably just figure they can either order their thugs to confiscate (steal) or kill everyone and take what they want later

Aquarius's picture

This statement reminds me of the adage 'that the people should not fear government, but government should fear the people'.

There are ~6.5 Billion Asians who culturally and traditionally believe in , and participate in, a priori, Gold ownership; why would this statement not be true?

Thanks

Ho hum

Cabreado's picture

"The irony in all this, is that the central bankers own very little gold compared to the public at large. It is either keiser report 348 or 349 that mentions this jaw dropping fact on a pie chart."

There are more important forces in play than "who owns how much gold."

FeralSerf's picture

The actual private owners of the central banks likely own a lot of gold, more than the banks themselves. They also have the ability to issue unlimited amounts of "legal tender" to purchase gold at will.

Joe_in_Indiana's picture

Just watched the video.

 

One of the best I have ever seen to date to explain in just 20 minutes how awful shape we are and how ineffective the medicine currently being given is.

I don't know whether to laugh or cry at the condition-it is so pathetic.

I'll just post this now.  I will compose something more later.  Too dumbstruck!

 

valkir's picture

I love you guys.I am proud to be part of ZH.I confess,sometimes i skip the article i dont fully understand,and go to the comments.

BTW,a have a suggestion.Tyler,did you ever consider,to organize meeting,for zerohedgers,similar to Jim Sinclair meetings he started recently?

hooligan2009's picture

wouldn't be much of a secret society avoiding "groupthink" and the "helsinki syndrome"..and whatever happened to fight club rules?

:>)

Aquarius's picture

I heard in this video that the Central Bankers got all their predictions wrong because of their wrong assumptions.

Of course their assumptions are wrong scientifically or in terms of physics any one who believes in paradoxes a priori, has no idea as to what he is talking about and is just plain wrong on damned near everything. They also believe is "random" events, which means they don't have any comprehension of physics.

Also missing in this video is that the "system" is encouraging and participating in illegal acts by the system itself. Where then is the foundation of integrity from which they issue their impositions onto the peoples of this World.

Mark Carney appears to be an arrogant establishment fraud who knows how to milk the system and only has one consensually accepted opinion; his!

The system is not only broken, it is rotten.

"Most of the greatest evils that man has inflicted upon man have come through people feeling quite certain about something which, in fact, was false." : Bertrand Russell 

"Philosophy should always know that indifference is a militant thing. It batters down the walls of cities and murders the women and children amid the flames and the purloining of altar vessels. When it goes away it leaves smoking ruins, where lie citizens bayonetted through the throat. It is not a children's pastime like mere highway robbery." : Stephen Crane 

"The first step in a fascist movement is the combination under an energetic leader of a number of men who possess more than the average share of leisure, brutality, and stupidity. The next step is to fascinate fools and muzzle the intelligent, by emotional excitement on the one hand and terrorism on the other." Bertrand Russell: Freedom, Harcourt Brace, 1940

http://verbewarp.blogspot.com.au/2006/07/global-economic-collapse-new-global.html

Ho hum

Radical Marijuana's picture

The Monarchs of Money

Hah!

That was a CBC mainstream mass media moron mentioning the Central Bankers, only because the established systems of debt slavery have driven themselves to the point where their numbers have become so blatantly NUTS, that the mainstream mass media can no longer so easily deliberately ignore the most important social facts, but rather, now addresses those facts in the most superficial and silly ways possible.

Historian Carroll Quigley commented on the creation of the central banks in his 1975 book Tragedy And Hope:

"The powers of financial capitalism had (a) far reaching (plan), nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the system was to be the Bank For International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank ... sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the Country, and to influence cooperative politicians by subsequent economic rewards in the business world."

However, it is wrong to call those the "powers of financial capitalism."

The closest English world to describe that system is PLUTOCRACY. However, that word still is not accurate, since it is not government by the "wealthy" in any ordinary, common sense way that the word "wealth" is understood. The greatest "wealth" that the bankers have is their power to make "money" out of nothing as debts. I am not aware of any good word, recognized widely in the English language, able to be understood by other people, when referring to the kind of governing system that currently dominates the world. I am well-aware of a whole bunch of other bullshit words that other people variously use to refer to this, such as the "powers of financial capitalism."  However, "capitalism" is way too good a word to describe what is really going on. The REAL situation is that the bankers are the biggest gangsters, for which the word "banksters" was coined in the 1930s to describe what they are actually doing.

The privatized, fiat money, made out of nothing, as debts, system IS ACTUALLY THE TRIUMPH OF ORGANIZED CRIME, WHICH WAS ABLE TO TAKE CONTROL OVER GOVERNMENTS, IN ORDER TO LEGALIZE THEIR CRIMES, AND HAVE THE POWER OF GOVERNMENTS TO BACK UP THEIR CRIMES, BY FORCING EVERYONE ELSE TO ACCEPT THAT FUNDAMENTALLY FRAUDULENT FINANCIAL ACCOUNTING SYSTEM.

The reality is that central banks are at the apex of an organized system of force backed fraud, which took over governments in order to legalize counterfeiting of the "money" supply, while the government provided the legalized violence to force everyone else to accept that fraud, by some privileged private banks being able to make the "money" supply out of nothing, as debts, through enforcing taxes that must be paid in that form of "money" which was deemed to be legal tender. While it is a crime for anyone else to counterfeit money, private banks, inside a pyramid system of those banks, have the privilege to make "money" out of nothing.

I keep putting the word "money" in quotations, because the kind of "money" that we have today is NOT what the word "money" meant throughout thousands of years of history, before the last few Centuries, or even during the first Century of American history. The words "dollar" and "money" used to mean an amount of silver, or more generally, metal coins, as real money.

Everything regarding the language that we use to talk about this is bullshit, which is so well-established and taken for granted by most people, that it makes intelligent public discussion about these matters almost impossible!

American history is interesting because there was a revolution against the control of the colonies by the international bankers, who had already taken over the British Empire, since the creation of the Bank of England, as the biggest one of those central banks, which had the power to make "money" out of nothing. Furthermore, there were episodes where the American people were able, for a while, to defeat the efforts of the international banking cartel to take back control of America. The most significant of those episodes was when President Andrew Jackson was able to miraculously survive the assassination attempts of the banksters, in order to be able to "kill the bank" (i.e., not renew the charter of what was then called the Second Bank of the United States.)

However, since 1913, onwards, the banksters were able to take back control over the government of the United States, to legalize the power to make money out of nothing, as debts, while also controlling the government to force everyone else to pay taxes in that legal tender, so that that form of "money" made out of nothing, as debts, would become "real money" which everyone was forced to respect and use, despite the situation that, otherwise, that "money" was made out of nothing, and was therefore, nothing but FRAUD. The history wars were the banksters' harvests. After the Second World War, the American Dollar was able to become the world's reserve currency, and thereby, the banksters were able to consolidate an almost total global hegemony for their force backed frauds to control almost all the world's natural resources, more and more, such as through the phases of the development of "petrodollars" and so on ...

The central banks are the result of the triumph of the methods of organized crime, applied to take control over the powers of governments. (Again, I am not aware of any single, simple word in the English language to describe that situation.) However, that paradox of the privatization of the powers of government is what I refer to as being FASCIST PLUTOCRACY, as the best available phrase to describe what is happening. Since that system is a runaway, exponential growth of more debts, built right into its fundamental structure, I also refer to that system as a RUNAWAY FASCIST PLUTOCRACY JUGGERNAUT.

For several decades I have been grappling with attempting to understand why our monetary system was so obviously INSANE. One of the aspects of that is that our political processes have tended to be funded by 1% of the people, while 99% of the people have tended to pay for nothing. Therefore, the 1% that have paid for almost 100% of our politics have gained enormous advantages over the other 99% of the people, who have usually paid for nothing to be done within the political processes. During my efforts to understand these problems, I have had two court cases against the government of Canada concerning the laws that control the funding of politics in Canada. I currently maintain a fringe registered political party in Canada, in order that I can continue to conduct my political experiments in these regards:

http://www.marijuanaparty.ca/article.php3?id_article=215

However, what all that has PROVEN is that literally 99% of Canadians always act like adamant political idiots, or Zombie Sheeple, that continue to never participate in funding the political processes, despite how utterly irrational and insane that is, from a sublimely objective point of view, with respect to their theoretical rights and freedoms. (Of course, the same things are generally true about Americans, as well as most of the other people in the world.) Our real social habits are the result of the history of huge lies, backed up by lots of violence, and that has resulted in our fake democracies being practically the opposite of what they should be in every important way. IN FACT, 99% of the public acts like Zombie Sheeple, who are controlled and exploited by 1% that act as the Vicious Wolves, within the overall real human ecology and political economy.

To understand the central banks, one has to go back to the origins of Neolithic Civilizations, whose history was the history whereby War Kings were established, which became the origin of the sovereign powers of states, which sovereign powers are actually based on the power to rob, with the most extreme form of robbery, the power to kill, to back up the power to rob. Those who were the best of the best at being dishonest, and backing that up with violence, during the last few hundred years, were the Central Bankers, who may well be called the Fraud Kings. Those banksters were able to systematically apply the principles and methods of organized crime, to be able to take control over governments, in order that those governments became runaway systems of legalized lies, backed by legalized violence.

The paradox that the whole world faces today is the paradox of failure from too much success. Since our financial accounting system is based on the foundation of triumphant runaway frauds, our entire system has a design structure which necessarily is driving it to become more and more insane! That insanity has reached the point where the reality is globalized electronic fiat money frauds, backed by weapons of mass destruction. The amounts of "money" that have been made out of nothing, primarily for the banksters to use to gamble with, are running away to become at least 100 times greater than all the real collateral that actually exists to back that up. Furthermore, that system could only continue if it was able to develop to become so that there was 1,000 times as much "money" made out of nothing, as there was actually collateral to back it up.

That runaway social insanity is due to the fact that the whole thing is the result of the triumph of the methods of organized crime being able to take control over governments, which have the legal powers to rob, and to kill those who resist being robbed. Effectively, what has happened is that the powers of government to rob have been privatized, by being transferred to private banks, which can create the "money" supply out of nothing, while taxation and legal tender laws force everyone else to accept that fraud. More importantly, to fully understand this, one has to understand that money is backed by murder, and that it is impossible for money to exist in any other way. However, since 99% of the people act like Zombie Sheeple, who have been brainwashed to believe the banksters' bullshit, and have been conditioned to not want to understand how the monetary and taxation systems really work, we are stuck inside of this runaway social insanity, which is automatically getting worse, faster, every day, while there is not the slightest sign to indicate any good grounds to believe that will get better ... Of course, absolutely none of those kinds of insight are ever even remotely present within any mass media news story or documentary!

Therefore, this kind of mass media report on The Monarchs of Money does not come within a light year of recognizing that those Monarchs of Money are Fraud Kings.  The mass media continue to mislead people, and to misrepresent the crucial fact that money is backed by murder, and that our monetary system is a system of debt controls, backed up by death controls. The utter insanity of We the People apparently giving away our power to make our own money supply to private banks, who charged everybody interest for using the money supply that the banksters were legally able to make out of nothing, is the result of the application of the methods of organized crime, which have gradually transformed governments into puppets of the banksters, which are destroying the lives of the vast majority of the people, who act like muppets.

However, that well-established system is so totally entrenched that there are no feasibly realistic and practical political ways to prevent it from continuing to get worse, faster. Furthermore, in my opinion, there is practically zero understanding, even on Zero Hedge, of the central fact that money is backed by murder, and must be. Instead, we have the runaway triumph of a fundamentally fraudulent financial accounting system, which is based on the maximum possible deceits, controlling almost everything our civilization is doing ... while there is no reasonable basis to believe that problem could be fixed, since the 1% want to keep that system going, while the 99% are too ignorant and/or afraid to be able to effectively organize to do anything about that, especially since almost all the opposition to the banksters are also full of similar bullshit as the banksters ... Therefore, after spending most of my life working on understanding these problems, my conclusions are that we are totally screwed, and there is no reasonable hope. I have spent my whole life becoming generally educated, and doing political experiments, and court cases, addressed towards these basic political problems. My current conclusions are dismal, doubly dismal, and dismal cubed, depending on how far one goes into thinking about these political problems.

samcontrol's picture

are you trying to sell a book?

Radical Marijuana's picture

No, samcontrol, I am not trying to sell a book. I have primarily been attempting to wake up Canadian taxpayers, so that they would take advantage of the Canadian Political Contribution Tax Credit, and thereby begin to effectively change the fascist plutocracy system that is controlling their lives now. (As I am currently working on that, as in that link I gave above.) However, attempting to do that for a few decades has completely convinced me that 99% plus Canadian taxpayers are Zombie Sheeple, that want to stay that way ... Therefore, to pass some time amusing myself, I have been posting comments on Zero Hedge, which I had been reading for several years before ...

Meanwhile, I do what is necessary to keep my little fringe political party registered in Canada, while addressing myself to its goal of legalizing marijuana. The path towards a good solution regarding the problem that cannabis was criminalized, which was one of the many evil things that the international banksters also did, leads me around back to the funding of the political processes by 1% of the people, while 99% act like adamant political idiots, who prefer to do nothing, and to never use their own political rights and freedoms.

I do not bother to write books anymore, since all of my experiences have convinced me that would be practically pointless ... After everything that I have done and learned, as I already said above, my conclusions are that we are totally screwed, and the only thing that I can really do is wait, and watch, as our overall political situation continues to get worse, faster, at an exponential rate ...

Meanwhile, I find that the readership of Zero Hedge tends to be more understanding and sympathetic with my views than anywhere else that I am aware of.

P.S.

Charlie McGrath gives succinct summaries:

www.youtube.com/watch?v=P9GXu0fmNtQ

thelibcentury's picture

Are you sure? Cause...it really fuckin sounds like you are trying to sell a book.

You wrote 5000 words but only said 10. And don't throw out absolutes about people here not knowing FRNs are backed by murder.

And have you considered that maybe, just maybe, reaching out to all those 'zombie sheeple' you are talking about is not going so well precisely because you present your ideas in such an obnoxious, overbearing, and repetitive manner?

nmewn's picture

No, reaching out generously & lovingly to idiots doesn't seem to help. Sometimes they need to whacked between the eyes with a 2X4.

RM is correct.

"That runaway social insanity is due to the fact that the whole thing is the result of the triumph of >>>the methods<<< of organized crime being able to take control over governments, which have the legal powers to rob, and to kill those who resist being robbed."

How many times have the readers of ZH been treated to such inanities as "We've got to allow them to keep printing or the hoards of EBT swipers will come to your door."?

An appeal to the personal safety of, at the steep price of slavery for, the EBT'er and taxpayer, is by definition social & fiscal insanity and speaks to their organized crime methods & skill set.

Government wields the force of law by the consent of the People. Without that consent, the law is meaningless to the People, it becomes tyranny to them. It may very well be the tyrants law ("Ruling Class Law") but not any law the People will respect or abide by.

They (Ruling Class) will tell you its for your own good we do these things for you. What they are also saying (though unspoken) is we don't think you are capable of doing this for yourself. And they will never pound the table and explain their intimate relationships with the Monied Class (Wall Street & the Federal Reserve) making their debt issuance into a currency possible and profitable to both of them...the Monied Class & the Ruling Class.

And certainly not their hidden amendments in law that carve out exceptions for themselves and their cronies. The criminal enterprise has members in both classes.

Its time the zombie sheeple woke up to the fact they are zombie sheeple.

Radical Marijuana's picture

"Its time the zombie sheeple woke up to the fact they are zombie sheeple."

Amen.

essence's picture

Rad Grass

Your post is one of the best synopsis addressing  the crux of the issue I've ever read.

For what it's worth ... I too sadly think things will just have to implode before any meaningful change occurs. Even then I can't say if it'll result in any improvement. The Powers That Be are an organized force to be reckoned with and the masses appear to be truly unable to marshal any alternative.

Aquarius's picture

@Radical Marijuana

Of course you are precisely correct. This system in which we find ourselves, in our self-chosen milieu of ignorance, is a feudal protection racket. Extended yes, but essentially the same racket that has been played out by murdering gangs of thieves and vagabonds since Circa 2,000 BCE and maybe longer.

The "Economic Theory" of these economist priests are easily shown to be fraudulent. The Banking system is clearly designed as to centralize all human productivity and arising capital and the control of Global Assets of all classes with the higher levels of Banking System alone.

The political system serves the Banking system by creating the legislation in Law that makes the theft and recursive scamming "legal" where in fact, it just criminalizes the masses by sticking a gun in their face, as you say. The bureaucratic system is the last line of defense of the system by non-thinking efficient automatons. The Economists bring nought but Divine Authority to the whole edifice of Organized Crime.

Monarchs of Money? There isn't one establishment Economist who will care to define "money" as their theft is not about "money" at all; it is the control of human productivity or human creative energy at its source. "Money" or "fiat" paper is just these Banksters' diversion.

Law today, is used apriori, to criminalize the victims of Bankers acts; nothing more!

Ho hum

hooligan2009's picture

i think the form of words you might be looking for is "issuers of odious debt"

Radical Marijuana's picture

Indeed, recognizing "odious debt" has deep relevance regarding how to ameliorate!

Kirk2NCC1701's picture

1. CBC documentaries "rock".  They make their US cousins at NPR, MSNBC and FOX look like bastardized and mongoloid retards that they are.  Congrats, Canada!  Eh.

2. Are people stupid or what!?  I can handle 'stupidity', but I HATE willful stupidity!  The problem is not "cheap money", but "irresponsible money".

What the intellectual midgets (who like to glom on to whatever buzzwords and one-liners their economic or social role models spout) fail to realize, is that...

a.  One of the attributes of 'Honest' money  is that it is note pre-burdened with interest debt.  Otherwise, how do you pay the Interest, w/o borrowing the Interest -- at interest!?  Low interest money is absolutely the right thing to do.

b.  The real problem is... issuing uncontrolled (excessive) amounts to parties who should not be getting it, because they do not use is to grow the GDP (with goods & services) and do not increase the VoM (Velocity of Money).  E.g. banks!  The CB's should have issued it directly only to banks, who were able & willing to loan it (for a limited period of time) to qualified clients who would reboot/grow the economy -- as woman in the clip correctly pointed out.  Instead, these pampered, and glorified academics & armchair entrepreneurs gave all of it to the wrong parties:  Large (primary) banks, who would just 'sit' on it, to pad their own stats and exec bonuses.  Cocksuckers!  Excuse my French.

c.  So now the hacks, shills and talking heads on the TV biz channels are spouting that the 'cure' is to raise rates.  No, you fucking morons, you got it wrong again!  The cure is to "kick the habit", not the "price of the habit".  No more more money printing, i.e. no more "QE" (to use your sterile weasel words, designed to confuse the masses of financial sheep).

d.  The Cure (not the 80's band) = DELEVERAGING:  It will be rougher, and a 'real bitch for political re-election plans', but will be healthier and faster.  Therefore... 1. Stop QE.  Let the markets find their natural waterline, and damn the torpedoes.  2. Let the Markets pick the winners & losers.  3.  No more TPTF or TBTJ.  If they fit into this group, it's high time to use existing laws on the books, and to break them up.  Let the Market buy up the pieces and 'recycle' as appropriate. 4. As long as the Regulatory (anti-crime and anti-corruption bodies) are allowed to function unbridled, we must trust the free market to repair and heal itself.

 

p.s.  Even Spock seems agitated with Earth's current events, as McCoy noted.  Kirk out.

pps: Being a 'people' person, I noticed the following in the video:  1. The hot blonde next to Bernanke.  She needs a private tour on the Enterprise, and a 'trip around the world'.  2. What's BB doing at the end of the first row?  3a.  Only 3 black guys out of 53 people? 3b.  Almost didn't notice Christine Lagarde in first row.  4. I loved the facial language of Carney (or Carney  look-alike), whose face said at 19:38-19:41:  What am I doing beside this idiot in the group photo?  How did he get that job? 5.  Mark Carney is no slouch, and can BS with the best of CB's.  But he's still a GOB (Good Ol' Boy), insofar he toes Fed party line.