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Global Assured Destruction, Or How Bernanke Now Holds The Entire World Hostage

Tyler Durden's picture




 

The one headline we have been waiting for for over four years has just hit:

  • BOK KIM SAYS WORLD MAY FACE RATE RISK IF U.S. EXITS FROM QE

Not when, if. And there you have it: if the Fed exits, the world (and most certainly Japan) gets it. Thus, for the sake of the children (who will have inhert about $100 trillion in debt but don't worry: debt is an asset as some "analysts" will promise) Bernanke can never exit. QE...D

And since never is a litte longer than 2016/2017, at some point in the next few years Bernanke will be the proud owner of all marketable Treasury paper. All of it.

 

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Tue, 05/21/2013 - 18:51 | 3585808 fonzannoon
fonzannoon's picture

He also can't keep at it forever right?

If I was the rest of the world would I rather he exit and have the dollars that have been exported all over the world still have some value even though The U.S ends up in depression or would I rather the print themselves into hyperinflation and have all those dollars be worthless?

Tue, 05/21/2013 - 18:59 | 3585842 Burt Gummer
Burt Gummer's picture

Stuck between a printing press and an interest rate rise hard place. Fucked if you print, fucked if you don't, hedge accordingly.

http://www.youtube.com/watch?v=deuC8GPr31A

 

Tue, 05/21/2013 - 19:05 | 3585860 Beam Me Up Scotty
Beam Me Up Scotty's picture

Fonz, if I was the rest of the world, I would dump my dollar holdings for something of real value, as fast as I could without scaring the sheep awake.  Kinda like China is doing.  They can use those dollars to acquire things that have use or utility.  Then I don't care if he prints the wheels off the car.

Tue, 05/21/2013 - 19:09 | 3585885 fonzannoon
fonzannoon's picture

Exactly because China seems to know where this is going. Some other countries I guess not so much.

Tue, 05/21/2013 - 19:14 | 3585904 FL_Conservative
FL_Conservative's picture

"And since never is a litte longer than 2016/2017, at some point in the next few years Bernanke will be the proud owner of all marketable Treasury paper. All of it."

 

AND....BEN....WILL....RULE....THE....WORLD!!!!!!!!!!!!!!!

Tue, 05/21/2013 - 19:16 | 3585912 Everybodys All ...
Everybodys All American's picture

unmarketable Treasury's.

Tue, 05/21/2013 - 20:11 | 3586077 markmotive
markmotive's picture

JGBs have yielded <2% for 15 years. 'IF' is definitely the right question to ask Bernanke.

Tue, 05/21/2013 - 20:15 | 3586086 Crisismode
Crisismode's picture

 

 

 

How much longer can this go on?

 

Please . . . someone . . . give us a date.

 

 

Tue, 05/21/2013 - 20:32 | 3586120 FEDbuster
FEDbuster's picture

"at some point in the next few years Bernanke will be the proud owner of all marketable Treasury paper. All of it."

Bennie can have all the paper except my toilet paper.   I will keep my beans, bullets and bullion, fuck you very much!

Tue, 05/21/2013 - 22:10 | 3586371 markmotive
markmotive's picture

Wanna know what happens when everyone races to the bottom?

1 hour of Kyle Bass:

http://www.planbeconomics.com/2013/05/a-full-hour-of-kyle-bass.html

Tue, 05/21/2013 - 22:34 | 3586452 Cdad
Cdad's picture

Funny...the concept of "rate risk" as applied by the shallow thinkers of these desperate economic times...simply means...a real market for risk might emerge.  And the very concept of that terrifies the current kleptocracy on Wall Street, in Japan, across the entire continent of Europe.

What does that tell you, folks?  It tells me that we must redouble our efforts in the War on Markets.

Thank you, Ben Bernanke, for this wasteland you have made for us.

Tue, 05/21/2013 - 22:49 | 3586488 espirit
espirit's picture

Berspanky is holding the Krudmeisters deek.

Tue, 05/21/2013 - 23:45 | 3586611 jeff montanye
jeff montanye's picture

and in the spirit of original thought on hostages breaking the hold of the terrorists: what might help the other semites (palestinians) from israeli anti-semitism?  could it be bitcoin?

http://rt.com/op-edge/palestine-switch-to-bitcoin-558/comments/page-5/

Wed, 05/22/2013 - 00:06 | 3586653 Harlequin001
Harlequin001's picture

but that's always been a mathematical certainty.

and it doesn't take the brains of a rocket scientist to work it out, as any ZH'er or gold bug will tell you.

Don't hedge, buy gold, while you still can...

Wed, 05/22/2013 - 00:21 | 3586681 Manthong
Manthong's picture

Sáncte Míchael Archángele, defénde nos in proélio

Wed, 05/22/2013 - 02:29 | 3586794 fourchan
fourchan's picture

i suspect the bubble market in stocks is actually the banks buying since 2009 with their zirp funds
they received these funds from the fed in exchange for all the bad mbs and god knows what else. 
so we the tax payer now own mbs trillions worth, the banks own all the productive companies and 
we the people are all debt slaves. 

the fed res "system" is working perfectly as it has for the last 100 years. 

what is the definition of treason?

Wed, 05/22/2013 - 03:12 | 3586802 Manthong
Manthong's picture

could it have anything to do with a layered Adobe Illustrator graphics file compiled as a pdf  and posted as a scan  of an official government document on a certain white house web site on April 27, 2011?

get a freaking clue..  and then consider the definition of the word "licit".


http://www.youtube.com/watch?v=7s9StxsFllY

 

double crap.. enduring the few seconds of ad is essential to getting an important message

 

Wed, 05/22/2013 - 06:36 | 3586878 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is recommend to parse PDF (use PDFParser.py) and see 20+ stream object in simple document scan. Ask why is to separate image element? Why is JPEG artifact to differ from object to object? Why is microfiche image overlay on green security paper?

Amerika is not Super Power, is Super Gullible.

But what is Boris know!?

Wed, 05/22/2013 - 06:48 | 3586944 Boris Alatovkrap
Boris Alatovkrap's picture

Other interesting question for curious Amerikan Patriot...

1) Why is JFK issue EO 11111 and is blow back of head 6 month later?

2) Who are man on Grassy Knoll and how to make zig-zag bullet? Who is man on 6F of depository?

3) Where now is $US 5 Treasury Note for Silver Backing?

4) Why is Vietnam Diem be assassinate 30 day before JFK?

5) Why is Tonkin Gulf fake flag after JFK?

6) Why is Apollo 16 (19 hour mission) photo log to contain 1,200 Hassleblad 120mm photograph (weight of film canister = 20kg), 1,000+ 35mm, and 2 hour of 8mm motion, and how his full dress astronaut change film 100+ time? (Very busy astronaut, maybe is "astro-not":)

7) Why is Hinckley attempt blow hole in Reagan thoracic cavity 30 day after Ronnie is threaten for removal of Volker and then suddenly best friend of Fed!?

8) Why is Brittany Spear cut hair in crazed frenzy?

Boris is want to know!

Wed, 05/22/2013 - 06:50 | 3586952 Boris Alatovkrap
Boris Alatovkrap's picture

More question for gullible Amerikan...

What is deal for Grandma Obama!? Obama is visit before election in Hawai'i and is sudden to death!? WTF? Is police check grandma pillow for sign of struggle?

Wed, 05/22/2013 - 09:24 | 3587353 old naughty
old naughty's picture

u got it, Boris...plot upon plot upon plot...

now WE 'let' muppets know but still no awaken !

WE are supreme...the rest is irrelevant.

Wed, 05/22/2013 - 12:48 | 3588387 Manthong
Manthong's picture

crazy conspiracy theories.. 

almost as crazy  as to how Hillary turned $1K into $100K in shrewd one –off cattle futures deal , how TWA 800 blew up over the US Navy during targeting training in busy air corridor one month before Clinton re-election in 1996 or the IRS suppressing information targeting certain groups before Obama re-election in 2012.

Wed, 05/22/2013 - 04:41 | 3586868 Oracle of Kypseli
Oracle of Kypseli's picture

Maybe if all the paper is held by the FED, we won't have to get rid of it. It would go out of business. Karma

Tue, 05/21/2013 - 23:18 | 3586555 GMadScientist
GMadScientist's picture

Okay, but you have to promise to put out.

Tue, 05/21/2013 - 22:51 | 3586494 Groundhog Day
Groundhog Day's picture

Didn't Bush have a freudian slip once and say the sosial security trust fund has a bunch of "worthless IOU's" when refernecing Us treasuries 

Tue, 05/21/2013 - 23:19 | 3586558 tickhound
tickhound's picture

ZOMFG don't dare you say.  There's an ebb and flow here at zh.  We're in the ebb....

Leave it to Japan to spell it out for all the neocons the rest of us wonder why are here....

This is for you.  I said,

Hallelujah

http://www.youtube.com/watch?v=ZuwWvPGul3o

 

Wed, 05/22/2013 - 10:42 | 3586871 mrdenis
mrdenis's picture

ON TOP OF THE WORLD MA".......http://www.youtube.com/watch?v=bytoID_SNnE

Tue, 05/21/2013 - 20:44 | 3586149 Panafrican Funk...
Panafrican Funktron Robot's picture

"China seems to know where this is going. Some other countries I guess not so much."

I think they all know where this is going.  The axis/allies binary is coming into view here with rapidly improving clarity.  South Korea is solidly in the US/UK camp, and what looks like a warning is actually cheerleading.

Wed, 05/22/2013 - 04:33 | 3586862 ballafun
ballafun's picture

There is nothing to do with Which Country knows or not knows or what not... since all political leadership and Central Baningship are bothered about their POCKCETS... and not about Country's pockets...

Tue, 05/21/2013 - 22:44 | 3586455 DaveyJones
DaveyJones's picture

China knows where its going cause they've already been a lot of places.

I think most folks in the know know. Some have more integrity than others

That said, I still don't get our idiots strategy. Other than world hatred, a tired military, and a fat, selfish and lazy populace, what assets do we have? 

Tue, 05/21/2013 - 23:39 | 3586595 BeaverFever
BeaverFever's picture

Cellulite?

Tue, 05/21/2013 - 19:41 | 3585992 Al Gorerhythm
Al Gorerhythm's picture

Perceptions are funny things. The perception of value has different meanings to different people. For instance, the value of the dollar in a foreigners hand is zero, because they can't spend it in their own country. Hell, the Chinese and Arabs found that they couldn't spend them in the US! (remember the container ports and Unical attempts to dis-hoard).

How can money lose its purchasing power and legitimacy just by crossing a border? Perceptions. Unload them to the patsy next door if you can.

Tue, 05/21/2013 - 20:08 | 3586072 Lordflin
Lordflin's picture

My God! Think of the trees! Wait... they don't actually print anymore, do they? Well, never mind then...

Tue, 05/21/2013 - 23:03 | 3586515 Ness.
Ness.'s picture

Maybe that's why lumber prices are falling.. they sure at hell ain't building any houses.

Tue, 05/21/2013 - 23:44 | 3586606 Demonoid
Demonoid's picture

FRNs are actually printed on paper made from cotton.

Which brings to mind the ad line "Cottonelle - It's Cottony Soft!" for some odd reason....

Wed, 05/22/2013 - 00:15 | 3586666 cloudybrain
cloudybrain's picture

they make a fancy toilet papers

Tue, 05/21/2013 - 23:02 | 3586510 Goldbugger
Goldbugger's picture

Watch China they are buying real assets, the next worldwide currency will be based on  real assets. 

Commdities..... when the SHTF.

Tue, 05/21/2013 - 19:13 | 3585898 Everybodys All ...
Everybodys All American's picture

This can go on for a while. A long while sometimes. But I'm afraid something is going to break because things never go quite as planned. When that break happens Bernanke better be able to run fast. Very fast.

Tue, 05/21/2013 - 21:41 | 3586293 Charles Nelson ...
Charles Nelson Reilly's picture

This is a monetary abortion of epic proportions... Thanks Bernanke, you fuckface!

Wed, 05/22/2013 - 02:17 | 3586786 Mrs. Haggy
Mrs. Haggy's picture

I barely even judge Bernanke on what he's done in the Fed anymore.  My judgement lies with his very first step.  Who is dumb enough to take that position in the state it was in?  Greenspan was getting the hell out and just looking for a sucker.  Enter Bernanke.  Anyone dumb enough to jump in had to be a brainwashed mess of keynesian economics.  There will always be a Bernanke out there, the problem is that we allow a system where Bernank-tards get to make decisions.

Tue, 05/21/2013 - 22:17 | 3586393 Arrowflinger
Arrowflinger's picture

The High Priest of Kooksian Economics will stumble. The savages will overtake him.

Then he will wish he could go back to being Pedro at South of the Border.

Tue, 05/21/2013 - 20:28 | 3586113 PiratePawpaw
PiratePawpaw's picture

It works until suddenly it doesnt. The operative word is suddenly.

Keep some cash(powder) ready for opportunities while it works.

Put everything else in hard assets for when it doesnt.

If you read between the lines and behind the scenes, that is what the smart money has been doing for a while now.

Im not all that smart, and I dont have that much money; but I did stay in a Holiday Inn Express.....................

Tue, 05/21/2013 - 21:10 | 3586219 Right-on Left-off
Right-on Left-off's picture

To the 'Fonz'

He also can't keep at it forever right?

Sure they can.  The end game is, they own all sovereign debt (Treasuries) and the yield is astronomical as well as the payment towards that yield which is from the taxpayers in the form of Federal Reserve Notes which will be used nowhere else but to pay the debt or realistically the interest which of course is the yield.  Talk about a circle jerk.

However, they like you and me, if we are both smart have, we have already used that worthless circle-jerk money to buy tangibles as the Elites are doing.  Anybody notice that gold and silver are pretty hard to find?

And at that juncture there will either be full bartering or a new currency and I am sure that new currency will not be something from a Central Bank.

Only the mindless, stupid, ignorant fools would go along with another Central Bank currency now seeing what such a currency brings in the end.

Tue, 05/21/2013 - 21:51 | 3586317 BandGap
BandGap's picture

When Japan crumbles we will pick up the pieces, or at least try to. That's the problem with chaos. It's chaotic.

Tue, 05/21/2013 - 22:53 | 3586497 espirit
espirit's picture

If Japan has any tangibles left, they're going to be pretty "hot".

Wed, 05/22/2013 - 00:29 | 3586693 Diogenes
Diogenes's picture

When their end of the boat sinks we will be the ones who don't drown.

Tue, 05/21/2013 - 21:38 | 3586284 bubblemania
bubblemania's picture

Bernanke met privately last week with House Oversight and Government Reform Committee Chairman Darrell Issa and other lawmakers to discuss the central bank’s efforts to stimulate the economy and how it could exit this strategy in the future, according to people who attended the meeting.

http://www.politico.com/story/2013/05/ben-bernanke-meets-privately-with-darrell-issa-91710.html

 

According to this article, none of the attendees are talking and the meeing was in regards to the exit strategy and potential risks of ongoing QE.

Sounds like a conspiracy.

 

 

Tue, 05/21/2013 - 22:00 | 3586338 Everybodys All ...
Everybodys All American's picture

These crooks want to know what to frontrun.

Tue, 05/21/2013 - 22:10 | 3586373 bubblemania
bubblemania's picture

Perhaps, but they did send Ben a nast letter back in February, that received little to no press except for a blurb on bloomberg. Something's up, its a bit unusuall for a private meeting the week before he testifies..

Tue, 05/21/2013 - 23:20 | 3586562 GMadScientist
GMadScientist's picture

Issa caught sight of a camera and trampled three infants trying to get in-frame.

Tue, 05/21/2013 - 22:27 | 3586425 Silveramada
Silveramada's picture

Ben is not ready to pull the oxygen cord just yet...

http://zysites.com/silververitas/

is gonna be just another day as a P.R for the fed, THAT'S ALL...

Wed, 05/22/2013 - 02:59 | 3586817 Lets Buy The Dip
Lets Buy The Dip's picture

I agree with the guy HERE (very accurate I might add) as he thinks to say "forget the FED, and all their bullchit...we are going to 1700 - 1750+ on S&P 500 this year. "

Some how I Think he is right. 

What most people do not realize are these 4 things :-

1) Bernanke is on his hands and knees and bowing down to the elite. 

2) Bernanke is just a messenger boy for the elite. 

3) They are bullichitting about the End of QE as their Tentative Outright Treasury Operation Schedule is still going on, sending market higher.

4) Well, most the chit that comes out of bernankes mouth is just driven - he is told what to say. 99.9% of it is BS. 

 

Of these 4, number 4 is the most important. 

 

Wed, 05/22/2013 - 05:07 | 3586884 PontifexMaximus
PontifexMaximus's picture

Buy US companies with worthless USD, but US Gov. will not allow u to do so, we have already seen that once before with a big US oil company.....

Tue, 05/21/2013 - 18:52 | 3585809 Inbetween is pain
Inbetween is pain's picture

Who is Bok Kim and why is he saying bad things about my Central Bank?

Tue, 05/21/2013 - 18:55 | 3585826 SHEEPFUKKER
SHEEPFUKKER's picture

lil' kim=bennie's lil' debt bitch

Wed, 05/22/2013 - 00:20 | 3586678 Andy Lewis
Andy Lewis's picture

Miley's hotter.

Tue, 05/21/2013 - 19:00 | 3585846 Cursive
Cursive's picture

@Inbetween is pain

I read your sarcasm.  Nevertheless, if there was one thing that never belonged to you, it is this Central Bank and any other Central Bank.

Tue, 05/21/2013 - 18:52 | 3585812 Theta_Burn
Theta_Burn's picture

Will there be tanks in the street?

Tue, 05/21/2013 - 19:05 | 3585868 seek
seek's picture

Yes.

The question you should be asking is in which direction will their their cannon be pointing. That one is a whole lot more revealing.

Tue, 05/21/2013 - 19:13 | 3585901 kaiserhoff
kaiserhoff's picture

Have you heard of Bahston?

Tue, 05/21/2013 - 18:52 | 3585813 vmromk
vmromk's picture

Bok Kim, go back to making my egg rolls.

Tue, 05/21/2013 - 19:25 | 3585948 Troll Magnet
Troll Magnet's picture

LoL

I'm never one to shy away from jokes of this nature but in all seriousness, this particular Kim could probably buy you one million times over. 

Tue, 05/21/2013 - 20:12 | 3586081 tmosley
tmosley's picture

He could, until the day they find him hanging from a lamp post.

Tue, 05/21/2013 - 21:01 | 3586190 Troll Magnet
Troll Magnet's picture

Why? Is he a Zionist banker, too?

Tue, 05/21/2013 - 19:58 | 3586049 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Bok Kim, go back to making my egg rolls.

...and don't forget the Kim Chi.

Tue, 05/21/2013 - 22:46 | 3586481 quasimodo
quasimodo's picture

Otay, you not nicee? U must be velly velly nicee to heem! 

Tue, 05/21/2013 - 23:08 | 3586524 GMadScientist
GMadScientist's picture

Oh we makey velly speshow egg loll for you gwai-lo.

zzzzzzzzippp

Tue, 05/21/2013 - 18:53 | 3585816 chart_gazer
chart_gazer's picture

-Chart Gazer says world will face rate risk when US exits from QE. There, I fixed it for you. But the million $ question  -- when?  This will go on for a very very long time.

Tue, 05/21/2013 - 18:54 | 3585817 MFLTucson
MFLTucson's picture

BOK KIM SAYS WORLD MAY FACE RATE RISK IF U.S. EXITS FROM QE

 

Cant happen so why worry, Bernanke is a liar!

Tue, 05/21/2013 - 19:26 | 3585950 asteroids
asteroids's picture

OK, riddle me this. All the central bankers go to a room to play poker. They all look around trying to find the sucker but they don't see him. Uh oh...

Tue, 05/21/2013 - 20:16 | 3586090 Crisismode
Crisismode's picture

 

 

The sucker is Draghi.

 

Period.

 

 

Tue, 05/21/2013 - 18:58 | 3585819 The Thunder Child
The Thunder Child's picture

Sovereign debt should be outlawed and made a crime against humanity. The people of the nations of the world are slaves beholden to central banks, TBTF banks and some greasy ass bond traders. Chattle from the moment of our birth, marked by Birth Certificates to become the ALL CAPS strawman by which debt is repayed to the people pulling the strings.

All sovereign debt should be immediately cancelled, and all Sovereign nations take back control of the issuance of their currency and all central bankers be arrested for crimes against humanity. They have stolen 100 years of humanity and anyone convicted of perpetuating this scam should pay with their lives.

 

Tue, 05/21/2013 - 19:01 | 3585849 NotApplicable
NotApplicable's picture

The words you're looking for are Repudiation and Odious Debt. All of the sovereign stuff (along with "laws") only adds to the problem, as that's how it was created in the first place.

The idea that criminal puppets are any more suited to control a currency than the banksters is pure insanity. Only individuals who freely choose how to store their wealth are in a position to determine what a currency is, and its relative value. (which is why gold and silver are so hated by those "sovereigns")

Tue, 05/21/2013 - 19:14 | 3585892 Bastiat
Bastiat's picture

Well most of it is odious on the theory that Obama is ineligble and the previous two Bush elections were rigged.

Tue, 05/21/2013 - 19:32 | 3585934 The Thunder Child
The Thunder Child's picture

US elections have been rigged since JFK was assassinated. They could not allow another rogue president to have the Treasury issue debt free currency so the position has been selected ever since.

Tue, 05/21/2013 - 20:12 | 3586083 Professorlocknload
Professorlocknload's picture

"Presidents are selected, not elected."  FDR

Tue, 05/21/2013 - 20:34 | 3586127 Herd Redirectio...
Herd Redirection Committee's picture

New ZH mantra?  JUBILEE, Bitchez!

Tue, 05/21/2013 - 20:51 | 3586157 The Thunder Child
The Thunder Child's picture

Jubilee does not solve the problem, it only forgives the current debt and kicks the can until the debt builds up again. Eliminate and outlaw sovereign debt completely because it is the very essence of slavery, fraud and a crime against humanity.

Tue, 05/21/2013 - 21:16 | 3586228 Herd Redirectio...
Herd Redirection Committee's picture

Well, its the first step, IMO.  Afterwards definitely you need to abolish the mechanism by which debt slavery is instituted (fiat currency, fractional reserve banking, usury)

Wed, 05/22/2013 - 03:14 | 3586829 terryfuckwit
terryfuckwit's picture

imho if money was gold ie real none of this insane lending will happen..Make money real makes money fair

Tue, 05/21/2013 - 20:37 | 3586136 drdolittle
drdolittle's picture

Gimme a break with this Kennedy as savior crap. Sure, he got killed, power struggle within the elite. He was elite, superrich. Why would he kill the status quo. Just tried to replace the Rockefellers and had to be whacked.

Tue, 05/21/2013 - 20:46 | 3586155 The Thunder Child
The Thunder Child's picture

If you read the thread instead of shilling, nobody said he was a saviour. He was killed for having the treasury issue debt free notes in EO 61110 as well as his speech revealing the extent of the corruption initiated by secret socities.

He did not try to replace the Rockefellers, he tried to attack the root of their power and expose them you nitwit.

Tue, 05/21/2013 - 21:18 | 3586237 Herd Redirectio...
Herd Redirection Committee's picture

Who likely killed Kennedy?

CIA on behalf of the Bush Crime family, working in concert with:

Meyer Lansky on behalf of...  Well, I can't say for sure.  But International Banksters is a good bet.

Tue, 05/21/2013 - 21:53 | 3586324 Oldwood
Oldwood's picture

Thank God the Kennedy family was never involved with criminality, nazis or election rigging.

Wed, 05/22/2013 - 02:34 | 3586798 Clashfan
Clashfan's picture

That's true, Oldwood, but he changed while in office. The real question is why.

But he certainly rebelled against the system: attacked the oil depletion gift, refused to commit American military to the Bay of Pigs, was refusing to go along with Vietnam, had the Treasury print debt-free notes, spoke out about the secret societies, ordered the CIA splintered, etc. He knew who the evil folks were, and he gave his life (as did his brother) going after them.

Part of the answer may be that his father may have been one of his handlers, and his father suffered a stroke.

But a bigger part of the answer may be what he and Mary Pinchot Meyer were doing together and what she allegedly told Timothy Leary: "He's changing too fast."

Tue, 05/21/2013 - 23:29 | 3586571 GMadScientist
GMadScientist's picture

Far too many moving parts: just people who made big bets on military spending that stood to be stiffed by the General Dynamics F111 Aardvark being cancelled.

I know, that just makes it so much more sad, but there you are.

 

 

Wed, 05/22/2013 - 01:01 | 3586726 Diogenes
Diogenes's picture

Kennedy was killed by a group of  politically connected Texans with cooperation of the Dallas police, the Secret Service and possibly the CIA and Chicago mob.

Everyone forgets he was in the last year of his term as president, and couldn't afford to rock the boat. He said that any controversial move like ending the Vietnam war, changing the currency etc. would have to wait till after the election.

Another thing everyone forgets is how unpopular he was. He was elected in 1960 by the slimmest margin in history, and his popularity went down from there. His civil rights stance cost him support in the south and his crackdown on the Mafia cost him union support. In those days a Democrat who could not count on the Southern vote and the Union vote was in a bad position.

That is what he was doing in Dallas. It was part of his southern tour which kicked off his re election campaign

All anyone would have to do to get rid of Kennedy, was tell the truth about his womanizing and his health problems.

It was not a matter of getting Kennedy out, but getting Johnson in. Bobby Kennedy's Department of Justice investigation into organized crime took them to Texas where some of Johnson's cronies were in it up to their necks. Johnson knew the Kennedys hated his guts just as he hated theirs. Kennedy had to die, and fast. Johnson had to take his place or they were all sunk.

Johnson wasn't necessarily involved in the assassination, although he knew about it. But he was definitely involved in the coverup.

Wed, 05/22/2013 - 02:39 | 3586801 Clashfan
Clashfan's picture

All of the above is accurate, but imagining that the Bushes, Harrimans, and Rockefellers did not sign off is folly. Bush 41 was clearly connected to the Bay of Pigs, and Hoover does a decent job of pointing right at him in the official record. One of the best online vids about the assassination: https://www.youtube.com/watch?v=VSakrYOpJ5s

 

Meyer Lansky's foreknowledge is probable, too, imo.

 

Johnson and some of his cronies would likely have been prosecuted if JFK had not been killed, so he is a natural ally to the hitmen. But they tried in Miami. It went beyond LBJ. The intel community, MIC, and mafia were involved.

Bobby had signed a blank check for the folks who were going to do Castro. They had guranteed immunity from the Prez's bro, the AG! So they just turned the guns on Kennedy, and Bobby could not prosecute.

Wed, 05/22/2013 - 11:22 | 3587949 Diogenes
Diogenes's picture

So who was behind the killing and why? It was not to get rid of Kennedy. He was into  his re election campaign and everyone knows the first rule of running for office is not to say or do anything controversial, especially if you are in the lead. They had nothing to worry about until the election. Then,  if they wanted him out, they could have killed his chances of being re elected by telling the truth  about his womanizing or his health problems.

That would have given them a conservative Republican president, Goldwater.

The only person who got something out of the assassination that he could not have gotten easier some other way, was Johnson. So it stands to reason they wanted Kennedy out and Johnson in, and that points to Johnson himself and his long time supporters in Texas.

If there is something I am missing or some flaw in this reasoning I would like to know what.

Thu, 05/23/2013 - 04:26 | 3591152 Clashfan
Clashfan's picture

 

So who was behind the killing and why?

I would look at Allen Dulles and the people who controlled him--Bushes, Harrimans, and Rockefellers.

It was not to get rid of Kennedy.

Oh yes it was.

He was into  his re election campaign and everyone knows the first rule of running for office is not to say or do anything controversial, especially if you are in the lead. They had nothing to worry about until the election. Then,  if they wanted him out, they could have killed his chances of being re elected by telling the truth  about his womanizing or his health problems.

Not really. While Kennedy was saving some bigger moves for after the election, he was starting some in late 62 and throughout 63. NSAM 263? Splitting up the CIA? Printing Treasury notes instead of FRNs? These are huge.

Remember, both sides in an election know plenty of secrets about the other folks. Secrets just can't be spilled willy-nilly. It's called compromise.

That would have given them a conservative Republican president, Goldwater.

Goldwater was never meant to be President and was only allowed to be on the ticket so that he could lose to Johnson. Presidents are selected, not elected.

The only person who got something out of the assassination that he could not have gotten easier some other way, was Johnson.

This is patently untrue. The whole MIC got Vietnam, the Fed got to survive, the CIA got to survive.

So it stands to reason they wanted Kennedy out and Johnson in, and that points to Johnson himself and his long time supporters in Texas.

No, it points to whatever policies were reversed under Johnson. Think.

If there is something I am missing or some flaw in this reasoning I would like to know what.

I hope that I gave you some things to think about. Johnson was clearly involved. There is no doubt. But he would not have had the power to either orchestrate the whole thing or to cover it all up without higher, illuminati approval. Yes, it happened in Texas, but they were trying in Miami, too. Part of the hit team followed him from Miami to Texas (Sturgis, etc).

Where did the Dulles Brothers go to work when they left Princeton? Who is Brown Bros? BB Harriman? Brown and Root? Take a closer look into the MIC. Yes, a lot of those folks in Texas, but the Pentagon is pretty much a part of the MIC, too. Take a look at Hoover's memos about George Bush of the CIA. Listen carefully to what certain insiders like Fletcher Prouty say about it. But especially look for the immunity that Bobby Kennedy gave the anti-castro hit team.

Look at folks outside of Texas who were clearly involved, like Ferrie and Bannister, and at who could have been manipulating them. Not Johnson, that's for sure.

The same people who killed JFK let Johnson survive without being prosecuted. Johnson, remember, refused to run for a second term. Then Bobby was shot, too.

Goes beyond Johnson.

Tue, 05/21/2013 - 21:31 | 3586260 pods
pods's picture

Not that anyone will care, but G. Edward Griffin (of TCFJI fame) had a great breakdown of the Kenendy is taking power away from the bankers myth.

A good read.

http://www.freedomforceinternational.org/freedomcontent.cfm?fuseaction=jfkmyth

pods

Tue, 05/21/2013 - 21:49 | 3586311 nmewn
nmewn's picture

Excellent read pods, thanks.

Tue, 05/21/2013 - 22:05 | 3586348 The Thunder Child
The Thunder Child's picture

2nd that, great read. Thanks for posting.

Is there issuing counts on those certificates by month or year anywhere? It would be interesting to corrolate the counts to some dates in Kennedy's administration, it could in fact bolster Griffin's position. Also good to know the truth wether it detracts from my original argument or not, that is what I hope we are all searching for and I in no way take being corrrected personal, most especially when it is followed with proper source.

 

Wed, 05/22/2013 - 08:38 | 3587177 pods
pods's picture

Certainly wasn't trying to make any personal statement to you.  We need more of you around.

My opening was a general frustration with ZH in the last few weeks I think.  Just too many falling for the left-right paradigm.  I guess it can be expected with all the current administrations crimes, but it irks me to see so many people fall for the age old trick of "tossing the bums out" trick, only to be replaced by a new set up bums to continue the totalitarian slide.

Avoid debt.  It is the single greatest thing you can do to reduce their power.  It is working and the Fed Gov is busting at the seams trying to increase the debt supply.

If we keep it up the system will crack. We just need to make sure we don't fall for the next savior to push us further down the totalitarian road when it does.

pods 

Tue, 05/21/2013 - 23:02 | 3586512 DaveyJones
DaveyJones's picture

Nice. Anyone who says the banking AND medical industry are working against the public interest and public health is on to something.  

Tue, 05/21/2013 - 23:19 | 3586559 gonetogalt
gonetogalt's picture

Pods, thanks for posting!

Wed, 05/22/2013 - 07:30 | 3587008 drdolittle
drdolittle's picture

Thanks pods. Looks like I was right on the Kennedy thing, if only for the wrong reasons lol (my reason being it just didn't make sense)

So, why was he wacked? LBJ corruption exposure? Obviously some mob involvement, Jack Ruby shooting LHO in the jail for cs

Wed, 05/22/2013 - 05:31 | 3586899 drdolittle
drdolittle's picture

Yeah, you didn't call him a savior, I've seen it in other threads with the same reference (debt free treasuries) and had formed an association as such (people acting like Kennedy was trying to saave the little guy). My apologies.

Why would he want to do this? Grow a conscience all the sudden? Daddy issues?

Exposing the Rockefellers and attacking their power is a power grab, whether you intend to replace them or not.

Tue, 05/21/2013 - 20:48 | 3586156 Overfed
Overfed's picture

JFK made the mistake of openly stating that he supported the Constitution, and that he would get rid of the FED if possible. That'll get yer death warrant signed. Notice how Reagan played along after he was 'warned'.

Wed, 05/22/2013 - 00:13 | 3586661 Kirk2NCC1701
Kirk2NCC1701's picture

Useful trivia: Did you know that the Secret Service works for the Fed (in the org chart), and that their other responsibility is to pursue 'counterfeiting'.

Ironic, isn't it?

Wed, 05/22/2013 - 06:45 | 3586941 hungarianboy
hungarianboy's picture

So many bullshit here. They don't work FOR the FED, they work in relationship WITH the FED. And that is a whole different thing.

DD

Wed, 05/22/2013 - 05:24 | 3586895 Urban Redneck
Urban Redneck's picture

I served with Constitutionalists. I knew Constitutionalism. Constitutionalism was a friend of mine. Senator Kennedy, you're no Constitutionalist

JFK made the mistake of outlawing gold ownership... If there was conspiracy, it is just as likely that a Gold Bug as opposed to a Papr Pimp was behind his assasination - see Executive Order 11037...

Tue, 05/21/2013 - 22:13 | 3586378 disabledvet
disabledvet's picture

we emerged victorious in two World Wars while the Fed was around. as long as you say "i'd rather be living in a cave in Afghanistan" then you go ahead and keep up the fire. this Central Bank isn't stealing...the do give pause as to why we have any taxes whatsover of course.

Tue, 05/21/2013 - 23:56 | 3586638 tickhound
tickhound's picture

And they, the rest, submerged losers in two World Wars while the Fed was around.  Except the commies too though.  They emerged victorious I suppose... while the Fed was around.

But that's a great choice you give us.  You know, the Fed or Afghan cave.  The Fed.  or Afghan cave.

No wonder nothing gets done.  No wonder we're fucked.

And do give pause to taxes and such.  It ain't stealing as long as it's spent on emerging victories and stuff.

Wed, 05/22/2013 - 00:24 | 3586686 disabledvet
disabledvet's picture

i'm bitchin' about Mr Grassy Knoll...he's the one "stating choices" not me. read poetry under an apple tree with your honey for 30 years. gain a greater understanding of depressions on the moon. there's so much in this world than "bitchin' about the Fed and how they killed Kennedy." phucking pathetic.

Wed, 05/22/2013 - 00:33 | 3586701 Diogenes
Diogenes's picture

"Joe Kennedy bought the nomination for JFK. You can't buy the presidency - yet - but you can buy the nomination"

   - Harry Truman in Plain Speaking by Merle Miller.

Wed, 05/22/2013 - 00:42 | 3586717 Uchtdorf
Uchtdorf's picture

What was that slogan they used way back when...?

Oh yeah, "Wilson, he kept us out of the war."

Tue, 05/21/2013 - 19:26 | 3585951 NotApplicable
NotApplicable's picture

If you think for a second that they ALL aren't rigged to some degree, well, I'm afraid I've got some bad news for you. Shit, the whole "Constitutional Convention" was nothing but a coup against the much stronger (from a decentralized PoV) Articles of Confederation. At least those bastards had to endure miserable heat and humidity, since they shut all of the doors and windows tight to protect their "illegality."

Remember, when it gets serious, one has to lie (, cheat AND steal). There's simply too much at stake to leave the results to chance.

Tue, 05/21/2013 - 19:35 | 3585976 Bastiat
Bastiat's picture

Don't disagree with either you to TC but the evidence is pretty clear for what I'm saying and those 15 or so years account for a huge amount of Treasury debt.

Tue, 05/21/2013 - 19:44 | 3586006 The Thunder Child
The Thunder Child's picture

I didn't see your point at first but now I do and absolutely agree.

Tue, 05/21/2013 - 19:30 | 3585932 The Thunder Child
The Thunder Child's picture

Thanks, always up for expanding the old vocabulary.

The central banks and their criminal syndicate are the source of the criminal puppets that we see in government today, they are pre-selected and put into power not through elections but by a complete capture of our political process and free media. There are times in our past were we had politicians that understood the most sacred responsibility of the issuance of credit and those politicians sought to defend and attempt to stop the machinations of these criminals. I have to remain positive in that we can once again retake our governments in order to rid ourselves of these vermon and this blight on humanity, for if we can not then we will have Orson Wells boot stomping on our faces for all eternity.

I am not saything that removing Odious Debt would solve the problems we have with government but it is the root of almost all the corruption, the ability to create money and the power of control through usury. Removing the debt, the Federal Reserve, the IRS etc... and keeping the same people, parties and their lobbies intact would be a complete and utter failure. It is going to take a multi pronged approach of which I only described one prong in my original post.

Tue, 05/21/2013 - 19:32 | 3585968 NotApplicable
NotApplicable's picture

Until you can unwind the monster that is centralization of power, you're not going to get anywhere. They syndicate you refer to likely fully looks forward to the destruction of the nation-state, as they will use the chaos to create the order of global government.

Besides, they've drained the population of wealth, so there can be no meaningful resistance (as the trick is to walk away, rather than fight for control of the gun). As for your view on usury, I'll point out that they can control the currency by lending to themselves at no cost via ZIRP.

Simply put, no entity should have the power of issuance along with legal tender laws.

Tue, 05/21/2013 - 19:43 | 3586005 The Thunder Child
The Thunder Child's picture

You make it sound like it is impossible, which it is not. I assume we are allies and both want to eliminate the same corruption, again I only meant to keep the original topic on point by describing one prong (Sovereign Debt) of many that needs to be tackled.

Simply put, no entity should have the power of issuance along with legal tender laws.

I am interested to know how you would achieve a non debt currency fit for trade and circulation? My thoughts have always been on taking back government and having the Treasury issue debt free notes (see greenbacks and EO 61110) alongside competing currencies like silver and gold and perhaps other commodities. The issue of such currency belongs in the hands of the people that are corruption free, properly audited and the currency get's to where it benefits the people. It is the peoples ability to strictly control the amount and its destination that is of the utmost concern.

Tue, 05/21/2013 - 22:11 | 3586374 FreeMktFisherMN
FreeMktFisherMN's picture

Just let people choose what they want to be money. If they want to use seashells, fine. As long as nothing is done by force. Gold and silver will once again come to the forefront anyway. I don't want any bureaucrat or tyranny of the majority deciding the value of my currency. The market is the best protection and most efficient. The 'gold standard' the U.S. was on until Nixon was a pseudo-gold standard, because the price of gold was fixed.

Tue, 05/21/2013 - 19:45 | 3586009 itstippy
itstippy's picture

We should form a committee of highly respected senior elected officials - a "Super Committee" if you will, to look into how we might reduce the amount of sovereign debt we create going forward.  They'd fix things for us, and we'd be very grateful.

Of course we couldn't start reducing right away, what with the entire World facing a "rate risk" if we trim now.  But some time in the future after the U.S. economy pulls out of this stubborn rough patch, the global economy is firing on all cylinders again, and the nations of the World are all running trade surpluses.

Tue, 05/21/2013 - 20:10 | 3586076 Angry White Dude
Angry White Dude's picture

"But some time in the future after the U.S. economy pulls out of this stubborn rough patch, the global economy is firing on all cylinders again, and the nations of the World are all running trade surpluses."

 

Which will be about the same time as I get my skittle-shitting unicorn delivered...

Wed, 05/22/2013 - 01:30 | 3586760 buyingsterling
buyingsterling's picture

"We should form a committee of highly respected senior elected officials..."

I gave you an up arrow for the more HEELARIOUS post I've read in ages. I gave myself a hernia and a cracked rib laughing.

Tue, 05/21/2013 - 19:06 | 3585872 iDealMeat
iDealMeat's picture

That's too nice, Thunder Child..  Be much better to just turn all their "1's" to "0's" and watch them try and live through it.

 

I can't imagine any one of the +5%'ers surviving outside their bubbles..  A menial life would be worse then death for any TBTF critter..

Tue, 05/21/2013 - 23:56 | 3586636 trembo slice
trembo slice's picture

If Holder had to work my shitty-ass job... he'd kill himself.  Fuck that guy.  

@ Thunder Child: Your insightful comment and the discussion it manifested is why I love ZH.  Also, thanks pods, as I have fallen victim to the JFK Rumor as well.  Kim better not ruin the party and make my internet bill too high.

Tue, 05/21/2013 - 20:10 | 3586075 kchrisc
kchrisc's picture

With all due respect, but it ALL starts with "fractional reserve" banking.

"Fractional reserve" banking is really fraud--theft. Fraud is therefore already "illegal."

All that needs to be done is string up, "wall" and/or guillotine the fraudulent banksters and their pol and crat puppets, restore gold and the problem is solved.

 

Tue, 05/21/2013 - 20:18 | 3586089 The Thunder Child
The Thunder Child's picture

I should have mentioned that, thanks for adding it. My stance is the same against Fractional Reserve banking, kill it....preferably with fire.

Tue, 05/21/2013 - 22:36 | 3586457 msmith9962
msmith9962's picture

Excellent point!  If they told everyone who was going to open a bank account about how fractional banking really worked, most people would not be cool with it.

Tue, 05/21/2013 - 23:32 | 3586581 GMadScientist
GMadScientist's picture

Illegal for you.

Wed, 05/22/2013 - 00:27 | 3586687 FreedomGuy
FreedomGuy's picture

While I hear railes against fractional reserve banking I rarely or even never hear about what replaces it. What do you replace it with? If you only loan actual/real money then you have to enter into a different kind of contract. In essence, depositors will have to buy an actual CD which they cannot redeem ahead of time and someone else will borrow the real money for a specified period. The bank will be the intermediary. I would have to believe that interest rates would be well north of 20%.

When a bank issues new money against a real asset it is not "fake" in the sense there is a real asset to back it. When a new home is built there is a new real asset that can require new money to come into existence. Not so true on unsecured loans. If you never create new money you will get severe deflation, which is actually not all bad, but hard to manage. We have an entire economy built on inflationary expectations which would be painful to reverse.

Having said that, I did read a theory which seems to be absolutely true that the falsely low price of money makes playing with money more profitable than making real things and real services. Looking at the percentages of national economies/GDP that are in the financial sector this seems to be absolutely true. I prefer an economy built on real stuff and not notional things like derivatives. 

 

Wed, 05/22/2013 - 04:47 | 3586872 I only kill chi...
I only kill chickens and wheat's picture

North of 20% might be an honest interest rate. I remember a Sci-fi book "The Weapon" where the main character mentions something about paying a real interest rate of that range and disparaging Earth's financial system.

Tue, 05/21/2013 - 20:46 | 3586153 Milestones
Milestones's picture

You are familair with Joan of Arc I presume.          Milestones

Tue, 05/21/2013 - 21:30 | 3586233 Seeking Aphids
Seeking Aphids's picture

Agreed...except for the paying with their lives stuff (who died and made you god?). You also forgot about compound interest.....this has been a huge burden on humanity since its inception....once you get behind that 8 ball you are screwed. The Islamic banking system (no interest) should be adopted worldwide (sans the religion). In addition, the following actions need to be taken: Review all sovereign debt with a view to reducing all debt by a pro rata amount - say 50%. In this way all debt/assets ratios remain the same among nations but everyone owes that much less. All multinational corps and individuals employing tax shelters should be forced to pay their share of taxes...via  a global tax regulator. Global taxes will be distributed to nations based on a variety of factors including participation in global agreements (eg workplace and pay standards, environmental standards, measures to alleviate global poverty/inequity, human rights, etc.). The BIS should be disbanded and a new global banking organisation should replace it -t his organisation should operate in a transparent and ethical manner under the auspices of the UN. Oh and Santa Claus should be named Secretary General of the UN and should use part of the global taxes to bring gifts to all good boys and girls..... not including pressure cookers, however, as they are weapons of mass destruction.......

Tue, 05/21/2013 - 21:37 | 3586278 Herd Redirectio...
Herd Redirection Committee's picture

You went schizo there after 5 sentences.  No offense to schizos, of course.

Tue, 05/21/2013 - 22:21 | 3586403 FreedomGuy
FreedomGuy's picture

Thunder, I partially agree with you, especially on outlawing ongoing sovereign debt. When I describe national debt to people I tell them it is exactly the same thing as identity theft. Someone, the government in this case has an unlimited credit card attached to your name. Unlike illegal identity theft, government identity theft actually does obligate you for infinite amounts of debt repayment. Now, I ask calmly, is there any person in the world with a conscience that does not think this is insanely wrong? Do you realize that for WW II we issued war bonds? We have never bothered since then. You WILL pay whatever the government borrows in your name for any cause anywhere.

Where I disagree is acting like the public is not connected to this. The public has consciously reelected all the idiots who create, expand and protect this stuff. The American character that was always suspicious of government power and a "Don't tell me what to do!" attitude is now gone. Decades of leftist government schools and journalism has done it's work. The people/sheeple/needy collectivists believe in the goodness, provision and omniscience of the government. They are not going to give up Socialism Security, free medical care over 65 and so many other things. Meanwhile, a thousand ticks and leeches from farmers to snake oil clean energy types will bleed the beast from the other side, as well.

I am not a collectivist and I hate statements like "We are all responsible..." as the Left likes, but in this case it is fairly appropriate. We are probably getting the government we deserve...and maybe a little more.

Tue, 05/21/2013 - 18:56 | 3585829 world_debt_slave
world_debt_slave's picture

The Fed gave the world paper for it's trinkets

Tue, 05/21/2013 - 19:02 | 3585853 NotApplicable
NotApplicable's picture

Yet WE are the ones liable for their paper game, via the US Treasury.

Go figure...

Tue, 05/21/2013 - 19:37 | 3585984 world_debt_slave
world_debt_slave's picture

world_debt_slaves

Tue, 05/21/2013 - 18:56 | 3585832 Rastadamus
Rastadamus's picture

Pass the popcorn.

Tue, 05/21/2013 - 19:27 | 3585956 knukles
knukles's picture

Jello.  I want some Jello.

Tue, 05/21/2013 - 22:49 | 3586489 jon dough
jon dough's picture

We were to understand there'd be pie and punch...

Tue, 05/21/2013 - 18:58 | 3585838 JustObserving
JustObserving's picture

If Bernanke exits, a very low probability event, the Fed immediately loses $500 billion on its holdings as interest rates rise rapidly.  Also, the US deficit rises by at least $300 billion a year.  So QE will go on longer that most anticipate.  After all, who does not like free money and a stock market setting new records every week?  Forward.

Tue, 05/21/2013 - 22:19 | 3586398 disabledvet
disabledvet's picture

there is a risk in a "going cold turkey" on the Asset Purchases. "this is the last thing from 2008" and believe me...that risk canNOT be quantified. there is no good time to do this however and with "the only thing on the chopping block the economic recovery" i say "go for it. i'm tired of all this free money for Wall Street. it's time to DRAIN THAT CESSPOOL. (and you're talking to a long treasury guy! those are the actual assets that are being purchased!!!) let's make these phuckers downtown EARN their money.

Tue, 05/21/2013 - 19:00 | 3585841 847328_3527
847328_3527's picture

"Don't make a move or the kid gets it in the neck."

 

If QE slows it'll be like slicing the carotid wide open....ugly.

Tue, 05/21/2013 - 19:19 | 3585925 Seasmoke
Seasmoke's picture

If this was NY , the fucking cop would shoot the kid in the head 1st.

Tue, 05/21/2013 - 19:23 | 3585933 knukles
knukles's picture

Then you could really say "He finally gets it."

maniacal laughter

Tue, 05/21/2013 - 19:02 | 3585843 alien-IQ
alien-IQ's picture

The farce goes on...and on...and on...and on...

Doesn't that headline basically say that all this talk of economic recovery and stability is just an illusion and if forced to face reality, the world will promptly end?

Tue, 05/21/2013 - 19:24 | 3585937 knukles
knukles's picture

maniacal laughter

Tue, 05/21/2013 - 20:04 | 3586020 Al Gorerhythm
Al Gorerhythm's picture

nyknuk, nyknuk, nyknuk, knukles

http://www.youtube.com/watch?v=FbjiKIKzY3c

Tue, 05/21/2013 - 22:22 | 3586405 disabledvet
disabledvet's picture

another short seller for the meat grinder. surprised he even made it to sentence four actually. with gold and silver getting crushed we'll just leave aside "the lost opportunity" thing at this point. i mean...do these clowns even know what money is or is the goal just to say "we'd all be better off if we didn't have any" or "if it all became worthless." REALLY?

Tue, 05/21/2013 - 20:11 | 3586079 MiltonFriedmans...
MiltonFriedmansNightmare's picture

No hay Banda....it is all an illusion. David Lynch.

Tue, 05/21/2013 - 19:03 | 3585857 AldoHux_IV
AldoHux_IV's picture

Hate to remind some on this thread, the market is not the real econ & if you end the fed, you won't end banking-- it will create turmoil for fin institutions, but other banks will emerge from during the financial fires & rates will find a market determined some other way

Tue, 05/21/2013 - 19:07 | 3585882 seek
seek's picture

Most of us have no problems with banks as an institution or utility.

If the Fed goes away and is replaced with a full (not fractional!) reserve banking system supported by fees, I (and I suspect most of us here) would be very, very happy.

Tue, 05/21/2013 - 21:39 | 3586287 Herd Redirectio...
Herd Redirection Committee's picture

I think all anyone here on ZH wants is a level playing field.  The same rules for everyone.  You go broke, you're broke.  You break the law, you go to jail.  Not the current 2-tier system.

Tue, 05/21/2013 - 21:46 | 3586304 olto
olto's picture

Hey Herd!

I think that you are somewhere between 'naiive' and 'optimistic'----

Sorry to break the news

Tue, 05/21/2013 - 22:24 | 3586411 disabledvet
disabledvet's picture

"enter the herd."

Do NOT follow this link or you will be banned from the site!