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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 | Link to Comment ebworthen
ebworthen's picture

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

Mon, 12/16/2013 - 14:59 | Link to Comment 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 | Link to Comment TeamDepends
TeamDepends's picture

No taxation without representation!!!!

Mon, 12/16/2013 - 15:04 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

What this country needs is a good $0.50 cigarette.

Mon, 12/16/2013 - 15:04 | Link to Comment WaterWings
WaterWings's picture

Proud to be an ENEMY OF THE STATE. 

Mon, 12/16/2013 - 15:06 | Link to Comment TruthInSunshine
TruthInSunshine's picture

End Harvest.

Mon, 12/16/2013 - 15:17 | Link to Comment 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 | Link to Comment TeamDepends
TeamDepends's picture

Whoever controls the guillotines.....

Mon, 12/16/2013 - 15:22 | Link to Comment Jaspergers
Jaspergers's picture

excellent photo... 1000 words...

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

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

Mon, 12/16/2013 - 15:42 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Meat Hammer
Meat Hammer's picture

You don't.

Mon, 12/16/2013 - 15:21 | Link to Comment 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 | Link to Comment optimator
optimator's picture

"The cruelist tax of all".

Mon, 12/16/2013 - 15:49 | Link to Comment Pseudonymous
Pseudonymous's picture

No taxation without explicit consent.

Mon, 12/16/2013 - 17:51 | Link to Comment TeMpTeK
TeMpTeK's picture

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

Mon, 12/16/2013 - 17:13 | Link to Comment negative rates
negative rates's picture

Still no fucking idea.

Mon, 12/16/2013 - 15:11 | Link to Comment 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 | Link to Comment IridiumRebel
IridiumRebel's picture

Let's call them GMcheeriOs!

Mon, 12/16/2013 - 16:26 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment slotmouth
slotmouth's picture

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

Mon, 12/16/2013 - 15:08 | Link to Comment max2205
max2205's picture

Fuck the Fed and Nixon!

Mon, 12/16/2013 - 14:58 | Link to Comment 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 | Link to Comment 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 | Link to Comment machineh
machineh's picture

Fuck you, Fedholes

You printaholic, theiving dicks ...

Mon, 12/16/2013 - 15:01 | Link to Comment 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 | Link to Comment QE49er
QE49er's picture

Thanks for a 100 years of Debt & Death

Mon, 12/16/2013 - 15:12 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Frank N. Beans
Frank N. Beans's picture

the 3 stooges

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

That's an insult to the Three Stooges.

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

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

Mon, 12/16/2013 - 15:04 | Link to Comment 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 | Link to Comment optimator
optimator's picture

Shaving and heading for the El Al ticket counter.

Mon, 12/16/2013 - 15:07 | Link to Comment jtlien
jtlien's picture

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

 

Mon, 12/16/2013 - 15:24 | Link to Comment 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 | Link to Comment Meat Hammer
Meat Hammer's picture

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

Mon, 12/16/2013 - 18:18 | Link to Comment 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 | Link to Comment 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 | Link to Comment 101 years and c...
101 years and counting's picture

celebrating 100 years of theft, rape and tyranny.

Mon, 12/16/2013 - 15:38 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment W74
W74's picture

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

Mon, 12/16/2013 - 19:17 | Link to Comment 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

Mon, 12/16/2013 - 15:20 | Link to Comment Yen Cross
Yen Cross's picture

    A 100 years of megalomaniacal devaluation...may you all rot in the deepest chasms of hell!

Mon, 12/16/2013 - 15:22 | Link to Comment Sufiy
Sufiy's picture

Such a nice present for the FED - Bitcoin is melting down today

 


Central Banks Launching Worldwide Coordinated Attack On Bitcoin

Central Banks are getting all together now to celebrate Federal Reserve 100 Year Anniversary. If somebody thought that Bitcoin with other "listed" 42 Crypto-Currencies can challenge the banksters for real, please think twice and take at least the profit! We need more smart people with capital to join the real values when Gold and Silver will be shining again after Special Op "Gold 2.0" to distract 99% from Gold will be over. FED is still silent, but crackdown on Bitcoin is already in place. NowCentral Banks of Australia and New Zealand have issued Bitcoin warning.All these actions are coordinated, as you can see now. Pump it Up and Crash it hard - how many will be left to support the brilliant idea? We will note one more time very important coincidence: according to the reports JPMorgan is Net Long Gold now. Crashing Bitcoin will send Gold much higher, maybe JPMorgan knows something the others don't?

 

http://sufiy.blogspot.co.uk/2013/12/european-banking-authority-warns.htm...

Mon, 12/16/2013 - 19:25 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Unlike most, I'll be truly happy when both PMs + BTC are selling high -- much higher -- against the CNY and USD.

Fat chance of that though, now the GS is "doing God's work" out of its Beijing and Shanghai offices. If the PBOC was truly serious about going after the USD -- rather than just positioning themselves fro a better SDR deal -- they'd have approved of both BTC+Gold.

As it is...  libertarians/Libertarians are still screwed for "fighting the CBs".  G. Carlin was wrong.  It's not a "Big Club...", but a "Small Club, and we're not in it".

Hedge accordingly.

Mon, 12/16/2013 - 15:23 | Link to Comment SheepDog-One
SheepDog-One's picture

Dear FED....go fuck yourselves!

Mon, 12/16/2013 - 15:23 | Link to Comment robertocarlos
robertocarlos's picture

Lies!

Mon, 12/16/2013 - 15:29 | Link to Comment pauhana
pauhana's picture

Happy Birthday.  Now rot in hell.

Mon, 12/16/2013 - 15:35 | Link to Comment Clycntct
Clycntct's picture

Just stopped in to chime in on the FUK The fed and the Fraud you rode in on you Mfkers.

Mon, 12/16/2013 - 15:34 | Link to Comment Bryan
Bryan's picture

90 years of uselessness, and 10 years of streaming porn.  Just like America is meant to be.

Mon, 12/16/2013 - 15:43 | Link to Comment 22winmag
22winmag's picture

What they are *failing to mention* is that prior to his death, Wilson admitted to being fooled by the bankers and destroying the world.

 

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."

Mon, 12/16/2013 - 15:42 | Link to Comment NIHILIST CIPHER
NIHILIST CIPHER's picture

"Well fellas I think they bought it".             Ben Shalom Berskanke       at the 100th year jewbilation.

Mon, 12/16/2013 - 15:40 | Link to Comment wcvarones
wcvarones's picture

" since 1913, the dollar has lost nearly 90% of its purchasing power."

 

Nearly?  Check your math.  The dollar has lost far more than 90% by any measure: CPI, gold, etc.

Mon, 12/16/2013 - 15:44 | Link to Comment BigAssPete
BigAssPete's picture

So the Fed is not such a great idea.  Let's turn the financial system back to JP Morgan control.

Mon, 12/16/2013 - 19:07 | Link to Comment A Nanny Moose
A Nanny Moose's picture

False dichotomy. 

Jpm control? Just like it is now?

 

Mon, 12/16/2013 - 15:49 | Link to Comment GetZeeSilver
GetZeeSilver's picture

End this nonsense...wheres fonestar and his Bitcoin babbles?

Mon, 12/16/2013 - 19:26 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Where's McMolotov? 

He needs to throw one of his parties.

Mon, 12/16/2013 - 15:50 | Link to Comment Kinskian
Kinskian's picture

If you're interested in history, Jekyll Island is really worth visiting...

 http://www.jekyllclub.com/

http://en.wikipedia.org/wiki/Jekyll_Island_Club

 

Mon, 12/16/2013 - 19:32 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Well, well.  Where honeymooners play the "Hide the Sausage" game.

Don't that Trump all... in getting screwed in an opulent setting.

Mon, 12/16/2013 - 15:54 | Link to Comment JR
JR's picture

The international bankers used artificial inflation and deflation to create depressions, recessions and panics in the late 1800s and early 1900s to convince unsuspecting Americans that their current banking system of individual banks was unstable and that they needed a central bank. It was the final move by the world's banking families to kill off rival banks. And, still, passage of the Federal Reserve Act could only be accomplished through stealth because the American people were solidly opposed to establishment of a central bank. And, so, Congressional tricks were necessary to put the plan in place (primarily a camouflage over the prime movers behind the heist).

“The Panic of 1907 was the excuse, or the catalyst, that was used to push for the establishment of the Federal Reserve. The bankers would not risk having to rely on one man, like JP Morgan, to bail them out the next time around. The American public would provide the bailouts going forward (whether they like it or not). That can only be done with a central bank in complete control of the money supply.”

-- Ideas Created the Federal Reserve…Ideas Can Get Rid of It by Chris Rossini - Economic Policy Journal

“The 1907 panic was created by fractional-reserve banking. When the bank runs got underway, and panic set in amongst the public, JP Morgan orchestrated the bailouts and the “liquidity” to “save the system”. Remember this was pre-Fed.

“The 2008 panic was also created by the fractional-reserve banking system — along with — the central banking counterfeiter that now exists. The bailouts this time around were provided by ‘The Hero.’

“Before we go any further, a few things have to be understood. First, both in 1907 and 2008 the banking systems were dishonest and fraudulent. The situation in 1907 is actually preferable to today because, back then, gold still provided a check on the bankers. In 2008 (and today) there are no checks. It’s basically unlimited power for the bankers to finance whatever they want (until economic law shuts them down eventually).”

Mon, 12/16/2013 - 15:53 | Link to Comment optimator
optimator's picture

Is the Fed the only entitiy that has a perpetual charter?  I always thought one could not have any contract or legal agreement that exceeded 100 years?

Mon, 12/16/2013 - 15:55 | Link to Comment Seize Mars
Seize Mars's picture

Congratulations, you murderous liars.

Mon, 12/16/2013 - 16:00 | Link to Comment Agstacker
Agstacker's picture

It's almost like I'm listening to Satan himself in many different forms...

Mon, 12/16/2013 - 22:38 | Link to Comment ToNYC
ToNYC's picture

Winning!!! it ain't.

As if it were not beyond repair and not in need of an immediate intervention instead of a zombie's birthday party.

 

Mon, 12/16/2013 - 16:16 | Link to Comment Frank N. Beans
Frank N. Beans's picture

That tape they ran for the party assembled said gold was bad. It said the Fed rode to the rescue after 9/11.  It said they couldn't imagine what things would be like today without the Fed, that now we wouldn't suffer the roller coaster of the 1800s. How'd that work out for you, Fed? 

 

 

 

Mon, 12/16/2013 - 16:34 | Link to Comment BeerMe
BeerMe's picture

On December 23rd we need to hit them hard on their glad-handing social media.  90% purchasing power gone.  That is complete failure for the American people but I'm sure a huge success for the bankers.  Ending the Fed must be the first step in fixing this nation.

Let's leave with a quote from Henry Ford:

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.

Mon, 12/16/2013 - 16:55 | Link to Comment Pareto
Pareto's picture

If you like your FED, you can keep your FED.

Mon, 12/16/2013 - 17:47 | Link to Comment Unstable Condition
Unstable Condition's picture

That's a pic of FDR, is that while he was signing EO 6102?

If not, why is it there?

Mon, 12/16/2013 - 21:44 | Link to Comment Constitutional ...
Constitutional Republic's picture

I thought that too.

Mon, 12/16/2013 - 18:15 | Link to Comment Odin
Odin's picture

The Creature is about to make it's final attack. Unfortunately for it, on a long enough timeline the survival rate for everyone drops to zero.

Mon, 12/16/2013 - 18:46 | Link to Comment Goldilocks
Goldilocks's picture

The Federal Reserve: 100 Years of Boom and Bust
http://www.youtube.com/watch?v=bFBkFxKMesQ (55:20)

Mon, 12/16/2013 - 21:43 | Link to Comment Constitutional ...
Constitutional Republic's picture

It was a missed opportunity to arrest them all for racketeering.

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