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Even The Experts Throw Up All Over The Fed Minutes

Tyler Durden's picture


The Fed may have finally taken speaking out of all sides of its mouth a step too far. Enter GMP's Adrian Miller with the best roundup of the sheer indecipherable gibberish just excreted by the Fed:

  • "We are not sure how you can go from ‘many’ needing to see labor gains before tapering begins to half seeing bond buying ending by year end. At the same time, ‘many’ other Fed officials saw bond buying into 2014”
  • "We are pretty good at math, but we are having trouble adding up the ‘many,’ ‘several’ and ‘about half’ to equal 100%
  • FOMC members appear to have ‘‘decided to cover every possible scenario," and "left us with no clear picture as to what the group is thinking”

Great absurdist summary of a centrally-planned world that has been taken out straight from the pages of the Onion, but honestly, at this point who even cares anymore.

And if you thought the market's reaction was schizophrenic, remember that in 70 minutes Bernanke is speaking, again and about to usher in even more BS bafflements.


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Wed, 07/10/2013 - 15:06 | 3738527 101 years and c...
101 years and counting's picture

what else would you expect from a bunch of douchebags that really have no clue what the fuck they're doing???

Wed, 07/10/2013 - 15:09 | 3738544 McMolotov
McMolotov's picture

It's pretty much a prerequisite for bankers and politicians to be cunty double-talkers whose only interests are getting rich, screwing over as many people as possible, and covering their own asses when they're in over their heads.

Wed, 07/10/2013 - 15:10 | 3738552 NotApplicable
NotApplicable's picture

Obfuscation, FTMFW!

Wed, 07/10/2013 - 15:14 | 3738575 McMolotov
McMolotov's picture

SCULLY: "Mulder, not everything is a labyrinth of dark conspiracy, and not everybody is plotting to deceive, inveigle and obfuscate."

ME: "Bull-fucking-shit, you red-haired temptress."

Wed, 07/10/2013 - 15:17 | 3738585 Spider
Spider's picture

This reminds me of the Greenspan days...

Wed, 07/10/2013 - 15:20 | 3738602 ACP
ACP's picture

Apparently this guy read the minutes (starts about 0:50):


Wed, 07/10/2013 - 15:22 | 3738606 francis_sawyer
francis_sawyer's picture

I nominate Yogi Berra for FED CHAIR!...

Wed, 07/10/2013 - 15:28 | 3738631 Ruffcut
Wed, 07/10/2013 - 16:03 | 3738787 franzpick
franzpick's picture

When Bernocchio's lips start moving, you can watch the live stress-analyzer-lie-detecter here:

Wed, 07/10/2013 - 16:37 | 3738912 lakecity55
lakecity55's picture

"My fellow Americans, with The Fed now in charge, there will be only 1 place you need to look for work- Government. And, as pResident, I have made it even easier. The Fed will tell you where to report for work!

Welcome to Change. Oh, and give up Hope."

Wed, 07/10/2013 - 15:28 | 3738633 TruthInSunshine
TruthInSunshine's picture

It should be a clue that there's a big disturbance in the FARCE when the BIS (which is the front company for the Bank of banks) openly criticizes so many actions of so many central banks, including the Fed.

They're all in bed together, after all.

Orchestrated, premeditated movements in global financial (by fiat) dynamics, bitchez.

Just a thought, but favorable effects stemming from fiatnomic policy can't be distributed evenly to all members of the cartel.

Winners & losers have been predetermined.

Wed, 07/10/2013 - 15:37 | 3738675 DeadFred
DeadFred's picture

Bad news is usually announced after hours. I wonder if the 4:10 timing for ben's speach was set by the organizers or did he pick it. Hmm, I think there will be some bombs dropped.

Wed, 07/10/2013 - 16:10 | 3738811 Herd Redirectio...
Herd Redirection Committee's picture

"all members of the cartel"

The current predicament is a choice between either torching the currency to get out of the debt, or torching the government to reduce the debt.

So, yeah.  Some cartel members will be more affected than others.  Like, if you oversee the reserve currency that blows up, for e.g.

Or if you were the crony who sees his cut of the pie taken from him by budget cuts.  Guess what, its not the gov't they are going to torch.

Wed, 07/10/2013 - 15:29 | 3738636 derek_vineyard
derek_vineyard's picture

i did laugh when i read some members wanted cold turkey

Wed, 07/10/2013 - 17:56 | 3739182 AKrandy
AKrandy's picture

I would include lawyers, ship captains, too many generals/admirals and most airline pilots.

Wed, 07/10/2013 - 15:09 | 3738545 Jam Akin
Jam Akin's picture

The real worry is that they do know what they are doing!

Wed, 07/10/2013 - 15:32 | 3738652 Rainman
Rainman's picture

" If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts, he shall end in certainties . "

                                                             Francis Bacon

Wed, 07/10/2013 - 16:30 | 3738889 max2205
max2205's picture

The Fed is a tired relic fosturing corruption , fraud and illegal pursuits....really

Thu, 07/11/2013 - 00:25 | 3740437 StychoKiller
StychoKiller's picture

Whew!  Thanks for clearing up my confusion, now I'm just totally befuddled!

Wed, 07/10/2013 - 15:15 | 3738577 Nothing but the...
Nothing but the truth.'s picture

  Problem is, the Fed have painted ( or printed if you like ) themselves into a corner.

Wed, 07/10/2013 - 15:20 | 3738600 ejmoosa
ejmoosa's picture

You really would not want to eat a cake these morons baked....

Wed, 07/10/2013 - 15:21 | 3738603 Stuart
Stuart's picture

If everyone is so stupid to pay attention, it's their own damn fault.   Like CNBC, everyone could just change the channel to something that makes more sense.

Wed, 07/10/2013 - 17:17 | 3739056 Martial
Martial's picture

Experts should certainly have quotation marks.

Wed, 07/10/2013 - 15:07 | 3738533 Schmuck Raker
Schmuck Raker's picture

If I have made myself clear then you have misunderstood me”.
        - Greenspan

Wed, 07/10/2013 - 15:14 | 3738571 lotusblue
lotusblue's picture

Signifigant change though-- Half FED want cold turkey end of QE,...

half for taper.Previously only taper.

The market Yawns.

As we know-"This will end badly ! "

Wed, 07/10/2013 - 15:34 | 3738657 franzpick
franzpick's picture

Bernocchio:  "If there's anyone here today whose intelligence I have failed to insult, I apologize".

Wed, 07/10/2013 - 15:23 | 3738608 McMolotov
McMolotov's picture

"Greenspan speak with forked tongue out his ass." —old Native American proverb

Wed, 07/10/2013 - 15:36 | 3738672 NoDebt
NoDebt's picture

Great quote.  Don't know how I missed that one or I would have posted it up LONG ago.

Wed, 07/10/2013 - 15:07 | 3738535 russwinter
russwinter's picture

"If you fake the funk, your nose will grow." -Bootsy Collins, the Pinnochio Theory

Wed, 07/10/2013 - 15:23 | 3738611 francis_sawyer
francis_sawyer's picture


Wed, 07/10/2013 - 15:43 | 3738702 THX 1178
THX 1178's picture

Never learned how to swim... -Parliament

Learn to swim... -Tool (citing Bill Hicks)

Wed, 07/10/2013 - 15:07 | 3738536 slaughterer
slaughterer's picture

Bernanke BS

Bernanke BS

Bernanke BS


+ 30 ES

Wed, 07/10/2013 - 15:30 | 3738642 gjp
gjp's picture

Looks about right.

Market doesn't care about Fed vagaries.  It made up its mind a long time ago, it'll be print to the cows come home no matter what verbal diarrhea they emit.

Now back to your usual programming as stocks climb, yields come back down, and gold gets shat on.

Wed, 07/10/2013 - 15:08 | 3738538 Downtoolong
Downtoolong's picture

Maybe what the experts are really afraid of is that they might have to go back to reading and relying on something other than Fed Minutes for market direction and investing ideas.

I mean shit, that's real work.

Wed, 07/10/2013 - 15:08 | 3738540 quasimodo
quasimodo's picture

I wish they would either shit, or get off the fucking pot already.

Wed, 07/10/2013 - 15:53 | 3738754 dick cheneys ghost
dick cheneys ghost's picture

''You bet. You know in my line of work, you gotta be able either to sing "The Battle Hymn Of The Republic" or "Dixie" with equal enthusiasm... dependin' upon present company.''

Wed, 07/10/2013 - 15:08 | 3738541 fonzannoon
fonzannoon's picture

He is going to clear this all up at Jackson Hole. I'm sure of it.

Wed, 07/10/2013 - 15:20 | 3738599 JPM Hater001
JPM Hater001's picture

If by that you mean not being there because he expects fire by then um...ok

Wed, 07/10/2013 - 15:26 | 3738626 NoDebt
NoDebt's picture

So, um..... Fire in the Hole?

I knew I would have the chance to use my word-of-the-day: Conflate.  To combine two or more texts or ideas into one.

Wed, 07/10/2013 - 15:09 | 3738547 sbenard
sbenard's picture

You mean the Fed is NOT god?

Wed, 07/10/2013 - 15:20 | 3738601 kito
kito's picture

the fact that the entire world stops........puts down their prayer mats at precisely the time he releases information........tells me he is............

Wed, 07/10/2013 - 15:43 | 3738703 Rubicon
Rubicon's picture

Entire world?

Wed, 07/10/2013 - 15:10 | 3738550 involuntarilybirthed
involuntarilybirthed's picture

Ben Bernanke approved this message.

Wed, 07/10/2013 - 15:11 | 3738557 sbenard
sbenard's picture

I'm sure Bubbles Bernanke will kiss it all better!

Wed, 07/10/2013 - 15:12 | 3738562 joak
joak's picture

A Fed statement is like contemporary art. Everybody can see what he wants in it. They will tell us how brilliant and innovative it is. But at the end, it's just BS.

Wed, 07/10/2013 - 15:12 | 3738564 evg23801
evg23801's picture

What time Bernanke speeks today?

Wed, 07/10/2013 - 15:26 | 3738627 MyBrothersKeeper
MyBrothersKeeper's picture

4:10 pm

Wed, 07/10/2013 - 15:48 | 3738726 Non Passaran
Non Passaran's picture

That should be good for an up move in excess of 0.01%

Wed, 07/10/2013 - 15:14 | 3738565 Dr. Engali
Dr. Engali's picture

Here is the picture...the market was getting a little frothy so the Bernank had to say something. Then he had an oh shit moment when the five and ten year blew up. Now they have to find a way to back peddle and still look like they have a little credibility. The bottom line is nothing will change....QE4evar. 

Wed, 07/10/2013 - 15:30 | 3738639 NoDebt
NoDebt's picture

I'm still with you on that, Doc.  I said from the first utterance of the word "taper" they're going to keep printing but jawbone the other way to keep "speculators" in check.  I think even the Bernank was surprised that the jawboning proved more persuasive than the actual policy.


Wed, 07/10/2013 - 15:36 | 3738665 Dr. Engali
Dr. Engali's picture

I think he was surprised too. When he held that first presser I was watching the five year and it seemed like his voice got a little shakier with each tick up in yield. I even made the comment that I expect the Bernank to jump up any minute now and say"holy shit look at that five year". I knew he was full of shit then and I stick by that today.

Wed, 07/10/2013 - 15:47 | 3738721 NoDebt
NoDebt's picture

That's funny.  For the sheer, unbridled market panic, wouldn't you just once enjoy watching a Fed Chairman totally lose it like that in front of a camera? 

He did look a little squeemish at that last press conference.  I'm no expert at reading body language, but his entire demeanor said "this shouldn't be happening."  At least that's how I read it.

One area I think he's got a blind spot is he believes markets are as rational as he tries to be.  He's got no clue when it comes to things like basic dog-psychology, herd behavior, etc.  It's why he thinks greater Fed "transparency" is a good thing.  I have always disagreed with him about that and I think we're starting to see that come back to bite him in the ass now.

Old politicians used to have a saying:  "If you're explaining, you're losing."  Benny seems to be doing a lot of explaining lately.


Wed, 07/10/2013 - 15:30 | 3738640 TruthInSunshine
TruthInSunshine's picture

Bring in Hilsenrath tomorrow with a "what they really said was...." column out of the ass of the Wall Street Syndicate Journal.

Wed, 07/10/2013 - 15:42 | 3738690 Al Huxley
Al Huxley's picture

I hope the bond market shits all over these cunty, treasonous, self-serving, bought-and-paid-for fuckheads.

Wed, 07/10/2013 - 15:13 | 3738567 involuntarilybirthed
involuntarilybirthed's picture

Emperical evidence that the FED is making stuff up.... even money.    Congress, WH, agencies, FED all broken.  I can't tell if America has lost it's head or it's ass?

Wed, 07/10/2013 - 15:15 | 3738579 semperfi
semperfi's picture

also broken: intelligence of 95% of U.S. citizens - broke below IQ = 50

Wed, 07/10/2013 - 16:16 | 3738812 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Yep and in Congress. Check this hare brained legislative bill they are pushing.

Two House Democrats have proposed legislation that would establish a national historical park on the surface of the moon to mark where the Apollo missions landed between 1969 and 1972.

The bill from Reps. Donna Edwards (D-Md.) and Eddie Bernice Johnson (D-Texas) would create the Apollo Lunar Landing Sites National Historical Park. The park would be comprised of all artifacts left on the surface of the moon from the Apollo 11 through 17 missions.

The bill says these sites need to be protected because of the anticipated increase in commercial moon landings in the future.

"As commercial enterprises and foreign nations acquire the ability to land on the Moon, it is necessary to protect the Apollo lunar landing sites for posterity," according to the text of the Apollo Lunar Landing Legacy Act, H.R. 2617.

Under the legislation, the park would be established no later than one year after the bill passes and would be run jointly by the Department of the Interior and the National Aeronautics and Space Administration (NASA).


Of all the fucking problems we have that these 2 MENSA rejects are concerned about this........ Not only that but this bill is 8 fucking pages long. What a waste of time and energy and further more the fucking moon is not US territory or anyone else s for that matter, the parks commission has no jurisdiction outside the US

Wed, 07/10/2013 - 15:17 | 3738586 sunny
sunny's picture

" I can't tell if America has lost it's head or it's ass?"

YES, of course you are absolutely correct.  No one can.


Wed, 07/10/2013 - 15:17 | 3738587 Petrus Romanus
Petrus Romanus's picture

I think Americans as a whole have lost our BALLS! And because of this we are losing our ass.

Until we find the scrotal courage to clean house this is how it goes.

Wed, 07/10/2013 - 15:24 | 3738617 OldE_Ant
OldE_Ant's picture

Lost the head up the ass.  Took over 100 years for suffocation to start causing delusions.

Wed, 07/10/2013 - 15:13 | 3738570 semperfi
semperfi's picture


1. We continue to make it up as we go.

2. We will continue to buy shitloads of Treasuries, Mortgage Bonds, and Stawks until we stop.

3. We have no clue when we will stop but we will lie and say we plan a time frame.

4. We will print up some nice big bonus checks for ourselves and our banker buddies and continue the par-tay!

Wed, 07/10/2013 - 15:26 | 3738629 BeerBrewer09
BeerBrewer09's picture

5. The Par-tay won't stop for us until you idiots figure it out, but by then we'll own everything in sight anyway.

Wed, 07/10/2013 - 16:18 | 3738834 semperfi
semperfi's picture

All you need to know about the FED is in this one sentence - brilliant!  Sums it all up perfectly.

Wed, 07/10/2013 - 15:18 | 3738574 buzzsaw99
buzzsaw99's picture

The math is simple. Multiply the fedgub deficit by 1 and that is how much QE they will do in 2014.

Wed, 07/10/2013 - 15:31 | 3738648 NoDebt
NoDebt's picture


Wed, 07/10/2013 - 16:23 | 3738856 Herd Redirectio...
Herd Redirection Committee's picture

When do those unfunded liabilies come due again?

Wed, 07/10/2013 - 15:16 | 3738584 mickeyman
mickeyman's picture


  • FOMC members appear to have ‘‘decided to cover every possible scenario," and "left us with no clear picture as to what the group is thinking”

Mission accomplished then.

Wed, 07/10/2013 - 15:17 | 3738589 Peter K
Peter K's picture

"....but honestly, at this point who even cares anymore."


Easy for you to say. Some of us still have positions on. :)

Wed, 07/10/2013 - 15:17 | 3738590 BurningBetty
BurningBetty's picture

Here is a joke for you; ...a joke...

Wed, 07/10/2013 - 15:17 | 3738591 involuntarilybirthed
involuntarilybirthed's picture

Bernanke's sage way of accomplishing...............bla bla bla.  MSM will also make stuff up to kiss his royal ass.

Wed, 07/10/2013 - 15:23 | 3738609 OldE_Ant
OldE_Ant's picture

That's because they arn't thinking, they have no clue. 

When someone has no clue they just make shit up and agree with anyone who comes along.

Wed, 07/10/2013 - 15:23 | 3738612 Lendo
Lendo's picture

Even Madoff called our economy a ponzi scheme and he's the fucking expert on ponzi schemes!

Wed, 07/10/2013 - 16:02 | 3738784 RunningMan
RunningMan's picture

But instead of one ringleader, we have lots - it has become the basis of the empire. And whole industries including the government complex are complicit (pension guarantees anyone?). People who question the system are deemed traitors, simply because they want to squash any rebellion because most think the can will get kicked WAY down the road before any collapse ever happens. The Fed is about to learn the hard way that you can't talk your way out of every problem. Now even those "experts" inside the captured financial industry wonder if they won't get their fair share and are calling the Fed on it.

Wed, 07/10/2013 - 15:24 | 3738615 MyBrothersKeeper
MyBrothersKeeper's picture

Exactly as many predicted 2 days ago.

Let me give clarity:  The doves want to push back any tapering, the hawks would like to halt tapering. Since the doves hold most of the votes and a dove will replace Bernanke, you can almost be assured no tapering will take place until at least 2014 but 2015 more likely.

The only confusing thing to me is why don't they come out and say unless unemployment hits 2.5, there will be no tapering.  At least the bond/mortgage markets won't be left in limbo.

Bernanke prediction:  since he's talking after the closing bell (which has to be intentional as no real bureaucrat gives up a free meal) I predict a speech full of need for tapering but "we need to make sure employment isn't jeapordized".  In other words, "we have no idea what to do, but we sure as hell won't let our legacy be we tapered too soon".  After that he will announce his tentative future plans....which of course, are subject to change.

Wed, 07/10/2013 - 15:30 | 3738644 fonzannoon
fonzannoon's picture

There are no hawks. Dick Fisher proved it when the 5yr laughed in Bernanke's face. The red tea, the blue team, the dove's and the hawks are all on one team.

Wed, 07/10/2013 - 17:07 | 3739028 MyBrothersKeeper
MyBrothersKeeper's picture

Good point. I guess the hawks job is to ACT like they want tapering

Wed, 07/10/2013 - 15:25 | 3738618 tmosley
tmosley's picture

Doublethink is breaking in the MSM?

Oh be still, my beating heart.

Wed, 07/10/2013 - 15:25 | 3738620 thismarketisrigged
thismarketisrigged's picture

why the fuck is this asshole waiting until 4 pm to speak?


o nevermind, stupid question. 


if he had dovish things to say, he would have spoken right away so the market can finish up triple digits. since he  may say the world taper, he must make sure its afterhours so the market can not go down.


then, tonight, we will get a bs ramp in asia on absolutley nothing, then europe will follow, and then we can all wake up to see dow and s&p futures up 1 plus percent on absolutely nothing, making all the people forget that the fed even mentioned the word taper.

Wed, 07/10/2013 - 15:33 | 3738656 FuzzyDunlop21
FuzzyDunlop21's picture

Only thing I would add to this is gold and silver open gap down 3%. Its been a week since the last PM smackdown. We're overdue

Wed, 07/10/2013 - 15:25 | 3738621 WezTheJuic
WezTheJuic's picture

When competent, act incompetent.





Wed, 07/10/2013 - 15:26 | 3738622 arkel
arkel's picture

They will keep printing. No taper. There, now you know what will happen.

They baffle just to confuse and prolong the charade. If they say they will print print print, the dollar will fall. If they admit to tapering / tightening, the bond / housing market collapses.

They have to maintain this balance, but in the end they will continue printing because it's a slow default which is less destabilizing vs. crashing the bond market.

Wed, 07/10/2013 - 16:26 | 3738868 Herd Redirectio...
Herd Redirection Committee's picture

Bonds, housing and THE FEDERAL GOVERNMENT.

Wed, 07/10/2013 - 15:25 | 3738624 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

Anyone have a lifevest?

Wed, 07/10/2013 - 15:51 | 3738747 SKY85hawk
SKY85hawk's picture

No, but I've got open positions in Short ETFs.

ERY (energy)  and  FAZ  (financials)

And plenty of cash to ramp up if I'm right.


Wed, 07/10/2013 - 15:25 | 3738625 debtor of last ...
debtor of last resort's picture

Well, fundamentals are down & rigged. Propaganda is on the edge of failure i suppose. It's the route we are waiting for, aren't we? Next: volatility will go up and propaganda will 'direct' society in a rather disturbing direction, and zh readers recommend to go long popcorn. Things are going like they should.

Wed, 07/10/2013 - 15:28 | 3738632 Peter K
Peter K's picture

Folks, the FED used the word STOP.! Sit back and think about this for a second.

And if that doesn't sink in, the FED used the word STOP with "BY END OF 2013".

And if that still does not do the trick, the FED had half the members wanting to STOP QE by the end of 2013.

And if that still doesn't do the trick, it wasn't just Lacker.


Regardless of how you nuance the word STOP.


Wed, 07/10/2013 - 15:32 | 3738649 Black Forest
Black Forest's picture


Wed, 07/10/2013 - 15:36 | 3738664 Seasmoke
Seasmoke's picture

Don't .........................Stop

Don't ...........Stop

Don't .....Stop

Don't Stop

Wed, 07/10/2013 - 15:29 | 3738635 The Proletariat
The Proletariat's picture

Centrally planning freedom and liberty is such a bitch, isn't it.....BITCHEZ

Wed, 07/10/2013 - 15:30 | 3738645 wisehiney
wisehiney's picture

Squeeze those bondholders til they puke up those (now) cheap bonds to the desperate pension funds.

Wed, 07/10/2013 - 15:38 | 3738677 Goldilocks
Goldilocks's picture

Stone Temple Pilots - Big Empty (4:57)

Stone Temple Pilots- Trippin' On a Hole In a Paper Heart (2:55) 

Wed, 07/10/2013 - 15:43 | 3738699 catch edge ghost
catch edge ghost's picture

Jules Winnfield for Fed Chair.
"Forward guidance, motherfucker, do you speak it?"

Wed, 07/10/2013 - 15:50 | 3738736 ptoemmes
ptoemmes's picture

A take on the old saw: How many morons does it take to screw in a lightbulb?

How many Fed Officials does it take to screw up an economy?



Wed, 07/10/2013 - 15:51 | 3738743 Save_America1st
Save_America1st's picture

sounds like some retarded Orwellian bankster "newspeak"...very doubleungood

Wed, 07/10/2013 - 15:51 | 3738744 Pasadena Phil
Pasadena Phil's picture

This is what happens when you take control of the economy out ofthe hands of those who work off of budgets, balance sheets, income statements and cash flow statements, those who actually have skin in the game and who have real decisions to make based on the limiting boundaries established by their own capital and pure mathematics and hand it over to people who refuse to produce a budget and whoe answer to no one but globalized dirty money. It's a real world "Lord of the Flies".

Wed, 07/10/2013 - 16:00 | 3738771 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Speaking of vomit it was only a matter of time until the DOJ would get involved in the Zimmerman case and not do it's job either but to prejudice the public opinion on the case. I didn't know law enforcement was involved in organizing protests as part of their job, I thought their job was to beat protesters and arrest them.

Judicial Watch announced today that it has obtained documents proving that the Department of Justice played a major behind-the-scenes role in organizing protests against George Zimmerman. Zimmerman is on trial for second-degree murder in the shooting death of Trayvon Martin in February 2012.

Judicial Watch filed a Freedom of Information Act request with the DOJ on April 24, 2012. According to the documents JW received, a little-known DOJ unit called the Community Relations Service deployed to Sanford, FL, to organize and manage rallies against Zimmerman.

Among JW’s findings:

  • March 25 – 27, 2012, CRS spent $674.14 upon being “deployed to Sanford, FL to work marches, demonstrations, and rallies related to the shooting and death of an African-American teen by a neighborhood watch captain.”
  • March 25 – 28, 2012, CRS spent $1,142.84 “in Sanford, FL to work marches, demonstrations, and rallies related to the shooting and death of an African-American teen by a neighborhood watch captain.”
  • March 30 – April 1, 2012, CRS spent $892.55 in Sanford, FL “to provide support for protest deployment in Florida.”
  • March 30 – April 1, 2012, CRS spent an additional $751.60 in Sanford, FL “to provide technical assistance to the City of Sanford, event organizers, and law enforcement agencies for the march and rally on March 31.”
  • April 3 – 12, 2012, CRS spent $1,307.40 in Sanford, FL “to provide technical assistance, conciliation, and onsite mediation during demonstrations planned in Sanford.”
  • April 11-12, 2012, CRS spent $552.35 in Sanford, FL “to provide technical assistance for the preparation of possible marches and rallies related to the fatal shooting of a 17 year old African American male.” – expenses for employees to travel, eat, sleep?

JW says the documents it obtained reveal that CRS is not engaging in its stated mission of conducting “impartial mediation practices and conflict resolution,” but instead engaged on the side of the anti-Zimmerman protesters.

On April 15, 2012, during the height of the protests, the Orlando Sentinel reported, “They [the CRS] helped set up a meeting between the local NAACP and elected officials that led to the temporary resignation of police Chief Bill Lee according to Turner Clayton, Seminole County chapter president of the National Association for the Advancement of Colored People.” The paper quoted the Rev. Valarie Houston, pastor of Allen Chapel AME Church, a focal point for protestors, as saying “They were there for us,” after a March 20 meeting with CRS agents.

Separately, in response to a Florida Sunshine Law request to the City of Sanford, Judicial Watch also obtained an audio recording of a “community meeting” held at Second Shiloh Missionary Baptist Church in Sanford on April 19, 2012. The meeting, which led to the ouster of Sanford’s Police Chief Bill Lee, was scheduled after a group of college students calling themselves the “Dream Defenders” barricaded the entrance to the police department demanding Lee be fired.  According to the Orlando Sentinel, DOJ employees with the CRS had arranged a 40-mile police escort for the students from Daytona Beach to Sanford.

“These documents detail the extraordinary intervention by the Justice Department in the pressure campaign leading to the prosecution of George Zimmerman,” said Judicial Watch President Tom Fitton. “My guess is that most Americans would rightly object to taxpayers paying government employees to help organize racially-charged demonstrations.”

Organizing such protests falls well within both President Barack Obama’s and Attorney General Eric Holder’s wheelhouses. Obama was a “community organizer” in his career prior to elective politics, a position that uses protests and street theater, along with threats, to obtain concessions from businesses and other political opponents. Holder has accused America of being a “nation of cowards” for not discussing racial issues enough. He also described black Americans as “my people” during a congressional hearing.

As the Zimmerman trial winds down, the threat of race riots should he be acquitted has risen.


And what does it mean. If race riots do happen you know to blame for organizing them if Zimmerman is acquitted.

Wed, 07/10/2013 - 16:27 | 3738871 Westcoastliberal
Westcoastliberal's picture

I don't doubt the authenticity of your post, Dewey, but this kinda crap is almost unbelievable.  They're giving "The Onion" a run for their money.

Wed, 07/10/2013 - 16:40 | 3738876 lakecity55
lakecity55's picture

Dept. of Justus: "Get YT (and YTH)!"


Actually, pretty strong evidence the plan all along was race war.


"If the Facts do not fit, you must convict."

Wed, 07/10/2013 - 15:59 | 3738776 NoWayJose
NoWayJose's picture

Who ever takes minutes at these meetings seems to have the same math training as the doves on the Fed who think more QE is the answer. Many are unemployed, several QE's have failed, and about half the nation lives on government handouts...

Wed, 07/10/2013 - 16:05 | 3738792 sschu
sschu's picture

All this endless discussion about what they said and trying to interpret the smallest inflection or statement miss the point.  There are only a few possibilities: 

They either know what they are doing/what to do or they do not.

They are either going to tell you what they will do or they will not. 

It seems to me there is a serious lack of consensus which leads one to believe they do not know what to do.  As they do not want anyone to really know that they are clueless we are left with:

They do not know what to do and are not willing to tell us this.

We are in big trouble.


Wed, 07/10/2013 - 16:22 | 3738855 Westcoastliberal
Westcoastliberal's picture

Got that right sschu, and it's a sad day indeed when we have a market totally fawning over whatever syllables that happen to drop out of Helicopter Ben's mouth.

Einstein said it best, paraphrasing his words : "Doing the same thing over & over while expecting a different result is my definition of insanity".

Wed, 07/10/2013 - 16:25 | 3738866 lakecity55
lakecity55's picture

PMs went up, then down, like a tent.

There's yer sign.

Wed, 07/10/2013 - 16:19 | 3738840 FranSix
FranSix's picture

Long-term 30-year U.S. treasury prices are trading around where QE2 was announced, meaning that Operation Twist, QE3, and QE4 have not succeeded in their intended function of keeping interest rates from rising.  In fact, each time QE was announced, bonds sold off, rather than rally and treasury bonds saw an interim correction.

And at the short end of the curve, treasury bill rates closed at 0.03%.

The irony is that TLT does not seem to want to sell off along with treasuries and has been bouyed in the hopes that more QE will prop up treasury bond prices.

Wed, 07/10/2013 - 16:23 | 3738859 lakecity55
lakecity55's picture

Ha, they have lied so damn much they can't keep track anymore, so now it's total gibberish.

Forward, Central Planning!

Wed, 07/10/2013 - 16:29 | 3738872 lakecity55
lakecity55's picture


Wed, 07/10/2013 - 16:38 | 3738922 Yancey Ward
Yancey Ward's picture

The following exchange in the minutes tells you all you need to know:

Bernanke:  "dkiesl sldfksoif o87&7 akoeik lkk ki llfall!."


Yellen:  "!".

Wed, 07/10/2013 - 16:40 | 3738928 nakki
nakki's picture

What makes these people experts in the first place? 

Thu, 07/11/2013 - 10:06 | 3741246 honestann
honestann's picture


Thu, 07/11/2013 - 11:32 | 3741649 Element
Element's picture

ann, see reply to you in ...

(deleted) ... sorry I just noticed your reply .. cheers
Wed, 07/10/2013 - 16:48 | 3738957 Tombstone
Tombstone's picture

Anyone part of the Washington dictatorship has to learn how to speak in tongues. Forget the facts, and baffle 'em with BS.  That's the Chicago/Obama way. 

Wed, 07/10/2013 - 16:49 | 3738963 Jackagain
Jackagain's picture

Expect to see bond buying into 3014....

Wed, 07/10/2013 - 17:03 | 3739015 natty light
natty light's picture


Wed, 07/10/2013 - 20:33 | 3739748 medium giraffe
medium giraffe's picture

Eat fake food, work fake jobs, spend fake money, chase fake desires, vote in fake elections, uphold fake opinions, support fake wars and worship fake gods.


Let us decieve ourselves into sweet oblivion.



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