• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Happy 100th Birthday To The Fed - Live Feed

Tyler Durden's picture




 

The Federal Reserve System was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. Today, the Fed has decided to commemorate the event today with all three living Fed chairman delivering remarks. We are sure it will be very exciting but in the interests of 'balance' we offer a few alternative views of the "success" of the venerable monopoly including its cost: since 1913, the dollar has lost nearly 90% of its purchasing power.

 

The day it all changed...

 

The Birthday Celebrations - live feed


Live streaming video by Ustream

 

An Alternative view of the 100 Years of Boom and Bust

"If we evaluate an organization's performance by what it promised when it was created, the Federal Reserve has clearly failed the American people... the revolution of 1913 shifted power from individuals, communities and states to the federal government and its powerful allies in the private sector."

The Fed's 100-Year War Against Gold (and economic common sense)

Instead of providing protection, the Fed has robbed the public through the hidden tax of inflation brought about by currency devaluation.

25 Fast Facts About The Fed

The American people like to think that we have a "democratic system", but there is nothing "democratic" about the Federal Reserve.  Unelected, unaccountable central planners from a private central bank run our financial system and manage our economy.  There is a reason why financial markets respond with a yawn when Barack Obama says something about the economy, but they swing wildly whenever Federal Reserve Chairman Ben Bernanke opens his mouth.

 

The Federal Reserve has far more power over the U.S. economy than anyone else does by a huge margin.

Art Cashin On 100 Years of Fed Trial and error and error and error...

the Fed was supposed to extend credit only for “productive” and not for “speculative” purposes." Ironically, less than a year later, the Fed noticed that some loans were being diverted to "securities purchases"

A century with and a century without The Fed...

 

 

And last but not least...

The Fed's Dismal Track Record:

According to the popular lie, the Federal Reserve was supposed to have been established to smooth out the economic cycle, thus preventing booms, busts, recessions, and depressions.

It hasn’t really worked out that way.

In the 100 years prior to the establishment of the Federal Reserve, there were 18 distinct recessions or depressions:

1815, 1822, 1825, 1828, 1833, 1836, 1839, 1845, 1847, 1853, 1860, 1865, 1869, 1873, 1887, 1890, 1899, and 1902.

Since the establishment of the Federal Reserve, there have been 18 recessions or depressions:

1918, 1920, 1923, 1926, 1929, 1937, 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008.

So in other words, the economy experienced just as many recessions with the ‘expert’ management of the Federal Reserve as without it.

And this doesn’t even begin to capture all the absurd panics (the S&L scare), bailouts (Long-Term Capital Management), and ridiculous asset bubbles that they’ve created.

Hardly an impressive enough track record to justify conjuring trillions of dollars out of thin air, and awarding nearly totalitarian control of the money supply and economy to a tiny banking elite… wouldn’t you say?

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Mon, 12/16/2013 - 14:56 | 4251166 ebworthen
ebworthen's picture

End the FED, end the FED, end the FED!!!

Mon, 12/16/2013 - 14:59 | 4251178 TruthInSunshine
TruthInSunshine's picture

Indeed. End the monetary alchemy experiment, & end the privately issued, monopoly paper fiat racketeering system (that distorts all prices, obscures clarity & always and forever induces a bubble/boom-bust cycle).

Mon, 12/16/2013 - 15:03 | 4251196 TeamDepends
TeamDepends's picture

No taxation without representation!!!!

Mon, 12/16/2013 - 15:04 | 4251201 hedgeless_horseman
hedgeless_horseman's picture

 

 

What this country needs is a good $0.50 cigarette.

Mon, 12/16/2013 - 15:04 | 4251209 WaterWings
WaterWings's picture

Proud to be an ENEMY OF THE STATE. 

Mon, 12/16/2013 - 15:06 | 4251214 TruthInSunshine
TruthInSunshine's picture

End Harvest.

Mon, 12/16/2013 - 15:17 | 4251260 Four chan
Four chan's picture

the System

to enslave a free peoples to debt, confiscate all their gold and capture all assets

through boom and bust cycles the system creates with debt created out of thin air.

happy birthday you traitorous creature, and to the rothschilds for which it serves.

Mon, 12/16/2013 - 15:17 | 4251268 TeamDepends
TeamDepends's picture

Whoever controls the guillotines.....

Mon, 12/16/2013 - 15:22 | 4251284 Jaspergers
Jaspergers's picture

excellent photo... 1000 words...

Mon, 12/16/2013 - 15:35 | 4251324 General Decline
General Decline's picture

Happy Birthday FED!  Hope you die of colon cancer soon!

Mon, 12/16/2013 - 15:42 | 4251347 TeamDepends
TeamDepends's picture

Colon cancer is too good for these scumbags.  However, a flesh-eating bacteria that prefers the taste of colon- now you're talking!

Mon, 12/16/2013 - 17:54 | 4251895 Odin
Odin's picture

Look at the look on the face of the short basterd in the middle. 1000 words indeed. It looks like he's thinking "I can't believe we got them to buy this shit"...

Mon, 12/16/2013 - 18:32 | 4252029 TruthInSunshine
TruthInSunshine's picture

Look at the facial expression of the alleged "leader of the free world" as he signs the Federal Reserve Act. You can literally see him thinking a"I really hope future generations learn that the banking cartel would assassinate me if I didn't sell the American People out by going through the formality of enabling this law."

Mon, 12/16/2013 - 15:11 | 4251236 Crash Overide
Crash Overide's picture

Why do I have to pay to live on the planet I was born?

Mon, 12/16/2013 - 16:59 | 4251678 Meat Hammer
Meat Hammer's picture

You don't.

Mon, 12/16/2013 - 15:21 | 4251277 registeredrep
registeredrep's picture

Most people don't understand how inflation is a tax. For the last 100 years the Fed has taxed the public with no representation.

Mon, 12/16/2013 - 15:46 | 4251376 optimator
optimator's picture

"The cruelist tax of all".

Mon, 12/16/2013 - 15:49 | 4251392 Pseudonymous
Pseudonymous's picture

No taxation without explicit consent.

Mon, 12/16/2013 - 17:51 | 4251876 TeMpTeK
TeMpTeK's picture

The slogan should have read.. "No taxation without decapitation" and maybe we wouldnt be here..

Mon, 12/16/2013 - 15:11 | 4251235 TideFighter
TideFighter's picture

My Cheerios are not only 90% more expensive, they're 1/4 of the fucking size. 

Mon, 12/16/2013 - 16:23 | 4251521 IridiumRebel
IridiumRebel's picture

Let's call them GMcheeriOs!

Mon, 12/16/2013 - 16:26 | 4251548 Nothing but the...
Nothing but the truth.'s picture

This money printing operation, going by the name of the Federal Reserve , has for all intents and purposes, lost the fucking plot.

It no longer serves any purpose other than enriching it's money masters, while impoverishing the vast majority of Americans and taking the country's future financial and economic well being , down the toilet.

Mon, 12/16/2013 - 17:58 | 4251908 Loucleve
Loucleve's picture

.      "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." – Henry  Ford

Mon, 12/16/2013 - 19:00 | 4252114 Kirk2NCC1701
Kirk2NCC1701's picture

If people were TRULY serious about "End the Fed", and not just regurgitating familiar mantras, they'd...

Stick to Barter + Cash + Gold + Bitcoin.  In any combination (playing to the strength of each).  And they'd avoid Debt/Credit at all costs, to impair FRB.

For it they did these things, they'd help build the Parallel Economy, that reduces the VoM of the CB's FRB Economy.  And until they do, they will remain Serfs/Sheeple.

Mon, 12/16/2013 - 14:56 | 4251173 slotmouth
slotmouth's picture

This intro music is creepy.  I think they are going to announce something diabolical.

Mon, 12/16/2013 - 15:08 | 4251213 max2205
max2205's picture

Fuck the Fed and Nixon!

Mon, 12/16/2013 - 14:58 | 4251183 NIHILIST CIPHER
NIHILIST CIPHER's picture

Congratulations on 100 years of criminal money printing...f#$K you one and all!

Mon, 12/16/2013 - 15:14 | 4251252 Renewable Life
Renewable Life's picture

100 years without the Fed and America had the most prosperous, free, middle class in the history of human civilization! 

100 years later, AFTER the Fed, we have a corrupt, criminal obligarchy, with a destroyed, debt ridden middle class, and 50% of the rest on welfare and entitlements, ANY QUESTIONS????

Mon, 12/16/2013 - 18:18 | 4251979 machineh
machineh's picture

Fuck you, Fedholes

You printaholic, theiving dicks ...

Mon, 12/16/2013 - 15:01 | 4251190 KnightTakesKing
KnightTakesKing's picture

Nothing will change, er, nothing will get better until we have a 'Reset'. The corrupt system and the drones administering the system, are beyond reform. Only a collapse and a new beginning can save us now.

Mon, 12/16/2013 - 15:03 | 4251191 QE49er
QE49er's picture

Thanks for a 100 years of Debt & Death

Mon, 12/16/2013 - 15:12 | 4251246 Crash Overide
Crash Overide's picture

<--- End the FED and the IRS

<--- Renew the charter for 100 MOAR years!

Mon, 12/16/2013 - 15:04 | 4251192 yogibear
yogibear's picture

The name should be changed from the Federal Reserve to The Bankster Cabal INC.

As Federal as Federal Express.

Mon, 12/16/2013 - 15:01 | 4251193 A Lunatic
A Lunatic's picture

I guess Corporations really aren't people, otherwise the FED would be dying any minute........

Mon, 12/16/2013 - 15:03 | 4251195 Frank N. Beans
Frank N. Beans's picture

the 3 stooges

Mon, 12/16/2013 - 15:25 | 4251294 Bay of Pigs
Bay of Pigs's picture

That's an insult to the Three Stooges.

Mon, 12/16/2013 - 16:11 | 4251485 Frank N. Beans
Frank N. Beans's picture

you're right, my apologies to the 3 stooges.

Mon, 12/16/2013 - 15:04 | 4251202 Byte Me
Byte Me's picture

Only centenary celebration plausible is one where they disband, followed quickly by blowing up the building.

I'll probably get downarrowed for not suggesting summary execution of the parasites...

Mon, 12/16/2013 - 15:46 | 4251369 optimator
optimator's picture

Shaving and heading for the El Al ticket counter.

Mon, 12/16/2013 - 15:07 | 4251212 jtlien
jtlien's picture

I believe the picture you have is of President Roosevelt, not Woodrow Wilson.

 

Mon, 12/16/2013 - 15:24 | 4251300 stevegee58
stevegee58's picture

Yup, that FDR not WW.  It looks like FDR signing yet another bill or executive order unconstitutionally expanding the role of the federal government.

Mon, 12/16/2013 - 17:00 | 4251688 Meat Hammer
Meat Hammer's picture

True but who cares?  A bankster puppet is a bankster puppet.

Mon, 12/16/2013 - 18:18 | 4251987 machineh
machineh's picture

It looks like FDR signing yet another bill or executive order unconstitutionally expanding the role of the federal government.

Probably the GOLD GRAB of April 1933.

Fuck you, Frank!

Mon, 12/16/2013 - 15:08 | 4251215 quasimodo
quasimodo's picture

"Happy" bday? Nothing happy about it, those fucking leeches.

I only hope there is a special place in hell...........

Mon, 12/16/2013 - 15:12 | 4251244 101 years and c...
101 years and counting's picture

celebrating 100 years of theft, rape and tyranny.

Mon, 12/16/2013 - 15:38 | 4251333 Clycntct
Clycntct's picture

Hope aint working so lets do with the here and now.

Now lets get out the ropes.

Mon, 12/16/2013 - 15:14 | 4251237 yogibear
yogibear's picture

That's it, thow it in the sheeple's face the banksters have had 100 years of money devaluing.

Change a currency that was backed by something that is now backed by nothing.

What a sad time for the citizens of the US.

Gloating by a room full of egotistic PhD banksters.

 

Mon, 12/16/2013 - 15:13 | 4251241 QE49er
QE49er's picture

Quick, someone jump in the bathroom and see what they are using for Toilet Paper...

Mon, 12/16/2013 - 15:18 | 4251264 W74
W74's picture

All I saw were a bunch of kikes and kike appeasers!

Mon, 12/16/2013 - 19:17 | 4252158 Kirk2NCC1701
Kirk2NCC1701's picture

Allow me to ask the awkward question (few if any want to face up to):  And who empowered these Bankers (in the 1700s and 1800s) in the first place?  It's not like they owned the "MSM" of the day, ran corporations or politics!  So, I'll repeat...

Q: " Just who were the treasonous MFers who gave them all the financial power?"

[long awkward silence, cause everyone knows the answer, but dares not say it]

A:  The Ruling Class of Europe and America: Aristocracy + Clergy.  That's who.  All of them "Progressive, God-fearing Christians". 

/ How's that worked out for us?  Now "shoot the messenger", if the truth hurts too much. /s

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