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The "Other" Anniversary That's Far More Important

Tyler Durden's picture




 

Submitted by Simon Black of Sovereign Man blog,

Though still a week shy of its centennial anniversary, the US Federal Reserve will hold a celebration this afternoon in Washington DC.

Just imagine the scene - a bunch of current and former central bankers slapping each other on the back, congratulating one another for a job well done over the last 100 years.

Of course, you and I know this is total nonsense… as is the concept of our modern monetary system in which we award total control of the money supply to a tiny central banking elite.

Human beings are fallible. We are not gods. Yet we practically deify central bankers and entrust them with the power to manipulate markets, control prices around the world, and effectively dominate the economy.

This system has proven to be foolish and destructive.

While the Fed engages in its self-aggrandizement this afternoon, there is another far more important anniversary today - the Boston Tea Party.

It was this day in 1773 that dozens of men dumped 342 chests of tea from 3 ships into the water. But what a lot of people don’t realize is that it started with bankers.

In 1771, London banker Alexander Fordyce of the banking house Neal, James, Fordyce and Down thought himself infallible too.

Fordyce had made a fortune as a speculator, and he enjoyed his opulent wealth. He held magnificent estates in Surrey, Roehampton, and Scotland, and once blew 14,000 pounds (several million dollars today) running for parliament.

There was only one problem: Fordyce began making his bets using other people’s money. And when his bet on the East India Company didn’t work out, Fordyce’s bank used customer deposits to cover their losses.

By June 1772, the bank could no longer keep up the charade. And within days their collapse caused a cascade of other bank failures as far as Edinburgh and Holland.

With a crisis unfolding, the government forced the central bank to intervene in a way that was eerily similar to the 2008 financial crisis.

Just like 2008, too-big-to-fail companies got bailed out… including the East India Company itself. The East India Company was a bit like General Motors a few years ago– it was obvious they were in financial straits.

And as part of the bailout, the British parliament soon passed the Tea Act– an attempt to flood the colonies with the East India Company’s stockpiles of excess tea.

The Tea Act had another purpose, though– to assert parliament’s right to tax the colonies. And this is what ultimately led to the Tea Party on December 16, 1773.

John Adams wrote in his diary that the destruction of the tea was ‘daring’ and ‘intrepid’, and that to ignore the Tea Act would be like submitting “to Egyptian taskmasters, to [burdens], Indignities, to Ignominy, Reproach and Contempt, to Desolation and Oppression, to Poverty and Servitude.”

Britain’s harsh reaction to the Tea Party further escalated tensions with the colonists, and it wasn’t long afterward that the first shots were fired.

Given the prominent role of bankers and bailouts in the American Revolution, it’s ironic that the Federal Reserve has chosen to hold its centennial celebration today.

And as they all slap each other on the back today extolling the Fed’s ‘successes’, one can only hope that the arrogance and pomposity of the current system will lead to a new revolution– this time a revolution of the monetary system and a return to the principles of sound money.

 

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Mon, 12/16/2013 - 13:30 | 4250854 AlaricBalth
AlaricBalth's picture

The City of London, and it's complicit lackeys at the Fed, is still taxing the colonies 

Mon, 12/16/2013 - 13:37 | 4250888 Winston Churchill
Winston Churchill's picture

It never stopped.before WW1 the UK just about owned the US lock ,stock and barrel.

Mon, 12/16/2013 - 13:40 | 4250894 ACP
ACP's picture

Isn't that lock, stock and two smoking barrels?

Mon, 12/16/2013 - 13:47 | 4250913 Odin
Odin's picture

Yes, except now the Banking Cartel shares a symbiotic relationship with a Military Industrial Complex/Intelligence/Think Tank network that has no problem massacring it's own citizens in order to propagate their power...

Mon, 12/16/2013 - 14:14 | 4251031 max2205
max2205's picture

Ah...I miss the 1700's...no running water...toilets. ..vd...food poisoning. ..alcohol poisoning. ..shoot anyone one for any reason

Mon, 12/16/2013 - 16:13 | 4251486 robilla
robilla's picture

It was the South Sea Trading Company, NOT the East India Trading Company.

East India Trading Company was DUTCH.

Which now means I have to go back and confirm if all your other info is correct as well.

 

Nice pitch Simon.

You just did a post about Newton going broke with South Sea Trading... come on!

http://www.zerohedge.com/news/2013-12-10/how-isaac-newton-went-flat-brok...

Tue, 12/17/2013 - 09:23 | 4253577 Digital_Bucaneer
Digital_Bucaneer's picture

Trolling away Simon's reputation is not the way to go.
You should't discredit him just because he doesn't remember the name of the company.
So what?  Big deal, like he is a robot unable to make mistakes.
Besides, it's just not the way to critizise.
I say so, because I'm subscribed to him, and his observations and recommendations are marvellous.
He does a great job helping people protect themselves with real actions, no verborrea.

Mon, 12/16/2013 - 21:24 | 4252467 TheReplacement
TheReplacement's picture

You too?  I, for one, cannot wait for the return!

Mon, 12/16/2013 - 13:41 | 4250901 Clint Liquor
Clint Liquor's picture

"We are not Gods"

Only God and Central Bankers can create 'something from nothing'.

 

Mon, 12/16/2013 - 13:57 | 4250955 dick cheneys ghost
dick cheneys ghost's picture

and steal your Labor thru 'interest and inflation'

Mon, 12/16/2013 - 14:06 | 4250980 SAT 800
SAT 800's picture

Yep. that's it. you got it. And the answer is ? Silver; the non-inflatble savings account.

Mon, 12/16/2013 - 13:40 | 4250889 SafelyGraze
SafelyGraze's picture

Messrs B Nank and J Yellenz

Request the Pleasure of Your Attendance

Xmas Day, 2013

Jekyll Island Cottages

Marking the One Hundredth Anniversary of

The Federal Charter in Perpetuity

Federal Reserve, Inc

With Entertainments by

Members of the Senate, Judiciary, Executive and Armed Forces

Reception Following the Event

Hosted by Anonymous Shareholders

Mon, 12/16/2013 - 13:48 | 4250917 AlaricBalth
AlaricBalth's picture

Secrets of the Fed and the London Connection by Eustace Mullins

http://thetruthnews.info/FederalReservesecrets.pdf

Mon, 12/16/2013 - 13:44 | 4250909 Jumbotron
Jumbotron's picture

We have targets in sight.  Confirmed.....dress in Indian garb.  Roger that.  Ok, boys......we have a confirmed kill order.  Lock and load....weapons hot.  Keep it nice and tight.

Light 'em up boys.  Confirmed....we have targets painted.  All right boys....nice and smooth.  Level out.....and on my mark......

3....2...1....MARK !!!!

Mon, 12/16/2013 - 13:32 | 4250862 epicurious
epicurious's picture

PaP

Mon, 12/16/2013 - 13:34 | 4250866 TeamDepends
TeamDepends's picture

The Federal Reserve:  Ass-raping you for a century.

Mon, 12/16/2013 - 13:42 | 4250902 ACP
ACP's picture

Yes, 100 years ago the bankers scum of the day wanted to commemorate freedom with the re-establishment of slavery.

Mon, 12/16/2013 - 13:56 | 4250950 SAT 800
SAT 800's picture

Something like that. No reasonably well-informed citizen could disagree; it's a shame there are so few reasonably well-informed citizens.

Mon, 12/16/2013 - 13:55 | 4250952 SAT 800
SAT 800's picture

I just noticed your avatar; that's very funny.

Mon, 12/16/2013 - 14:09 | 4250995 SAT 800
SAT 800's picture

"The system has proven to be foolish and destructive"; well,  it all depends on your point of view. Somebodies Ox is getting gored, that's for sure; but on the other hand, some people are profiting for doing nothing.

Mon, 12/16/2013 - 13:35 | 4250870 y3maxx
y3maxx's picture

...Only way out is a Gen Y/Millenial Federal Tax Revolt.

Mon, 12/16/2013 - 13:41 | 4250893 ParkAveFlasher
ParkAveFlasher's picture

You have to be cagier, than to simply disregard the IRS.  That is the lesson of the Tea Party.  One wonders how many Tea Partiers were caught and captured in their poetically-constructed act of Defiance.  They found a choke point, exploited it, and made it famous.  Who will assume the disguise and hit the banksters where it hurts?

Mon, 12/16/2013 - 13:48 | 4250919 Jumbotron
Jumbotron's picture

ROTFLMFAO !!!!

Yeah....right.  Good luck kids.

Mon, 12/16/2013 - 13:38 | 4250881 Tanzhosen
Tanzhosen's picture

One more anniversary coming up next month: 5 years of Zero Hedge!  Next month will mark the 5 year anniversary of the first ZH articles in January 2009.

5 years of predicting imminent collapses of financial systems and stock markets.  5 years warning of imminent wars.  5 years predicting imminent hyperinflation.  5 years of showing with pretty charts, with green and red arrows why precious metals are bound to go through the roof any day now.

5 years of being breathtakingly wrong about almost everything.

But of course, it's only a matter of time.  On a long enough timeline, indeed.  Happy birthday!

Mon, 12/16/2013 - 13:42 | 4250897 Odin
Odin's picture

Yeah, you probably should have watched CNBC for all those years, you'd be more well informed...

 

 

 

/sarc

Mon, 12/16/2013 - 13:43 | 4250905 Tanzhosen
Tanzhosen's picture

Ick - even worse.  Why not just stay away from any source that thinks it can predict macroeconomic events like these?

Mon, 12/16/2013 - 13:54 | 4250942 Odin
Odin's picture

Agreed, all though in ZH's defense they never actually made any concrete predictions, they've really just shown trends and patterns, albeit within a very bearish frame... But I mean who isn't surprised by how long the Cartel has managed to kick the can...

Mon, 12/16/2013 - 14:03 | 4250965 Tanzhosen
Tanzhosen's picture

Fair enough on the concrete predictions, but their predictions have been unambiguous enough that one can say after 5 years that they were wrong about the timeframe.  The remaining question is only whether they are right about the severity of the underlying economic pathologies.

If they are, then maybe it is just as you say 'the cartel kicking the can' for longer than anyone guessed.

But it's worth considering the alternative, that the ZH perspective is just not in line with reality.  That perhaps if you are so focused on bad news that you will even report on traffic accidents just because well, people died, even though it has nothing whatsoever to do with the economy, maybe your outlook gets eventually becomes skewed.

There are aspects of the economy, both the US and globally, that are worse than they have ever been.  There are also aspects that are quite healthy, some that have never been better.  If you narrowly restrict yourself to only the bad news out of a terror that you might be a 'polyanna' or a 'sheeple', you will certainly avoid that fate, but the alternative might be worse.

Mon, 12/16/2013 - 14:39 | 4251112 MachoMan
MachoMan's picture

I'm not sure that ZH has actually made timing predictions so much as stated the underlying fundamentals...  Essentially, you're arguing the same thing CNBC did to the dominatrix (whitney)...  she was perfectly correct on fundamentals and will be vindicated eventually, but she was taken to task over the fact that it didn't happen immediately...  well, for those of us that care about fundamentals and don't believe we have a snowball's chance of getting the timing right on anything, we don't give a shit about whether any implications of an article come to pass immediately...

If you trade based on ZH, then you've probably lost your shirt...  then again, if you use websites like this to trade, then I've got a bridge to sell you...

Mon, 12/16/2013 - 14:46 | 4251140 Tanzhosen
Tanzhosen's picture

I don't trade anything.  I invest diversely, and have respect for my inability to predict future price movements of anything better than the market.  Efficient or not, it knows better than I.

And yes, ZH has implicitly made timing predictions.  Comb through past articles and you'll see no shortage of things predicted to happen 'in the coming months' or 'by the end of the year', or that something will absolutely happen within two years.

So while they aren't stupid enough to make obvious, by-this-date predictions, they have made hundreds of mealy mouth predictions that, given enough time, are falsifiable.  That is why it is significant that we're coming up on 5 years.  We're now firmly in territory where so many things that ZH predicts should have happened by now if they had any clue what they were talking about.  Their readership is by and large 'all in', and so will do everything they can to give them a pass, but it will be interesting to see how long it lasts.  One wonders what ZH will look like in another 5 years.  I predict a for sale sign squatting on the domain name.

Mon, 12/16/2013 - 15:38 | 4251337 MachoMan
MachoMan's picture

Again, if they're not willing to stamp a date on their prediction, then what conviction have they (and thus, how much conviction should you place on any back handed timing comments)?  How fruitful is it?  Obvious troll is obvious.

As far as what will be around in 5 years, I'd say that it is the main stream media that is under pressure from the trend, not ZH...  whether or not ZH will be able to capitalize on its stance (goodwill) and catapult into a more diverse offering is anyone's guess.  However, the likelihood is that information providers similar to ZH are in the best place to capitalize on the goodwill of being negative on fundamentals and skeptical of the official narrative (since they'll be correct eventually).  Those media sources that continue to parrot stories and who get lead down the primrose path are going to lose viewers/readers and will not be able to regain credibility.  In some respects, this is already happening to CNBC...

So you're complaining about ZH being incorrect about timing decisions, but fail to discuss whether they're wrong about the fundamentals...  in short, you're arguing form over substance.

Mon, 12/16/2013 - 15:57 | 4251426 Tanzhosen
Tanzhosen's picture

You are the second person that has put ZH as the alternative to CNBC.  To an extent, I agree, because they're all pretty pointless.  Good financial reporting is possible, but perhaps not as a dedicated 24/7 channel or web blog like ZH - for whatever reason it seems to polarize into bears and bulls instead of an actual objective, unbiased view on reality.  Both are equally stupid, and I hope the fate you are predicting for CNBC happens to them both.

Mon, 12/16/2013 - 17:37 | 4251839 Odin
Odin's picture

Look, either you believe the Fed is doing the right thing or you don't. I do not. Neither does ZH.

 

...The Fed was created for one reason and one reason only: to serve and protect the big banks at the expense of the taxpayer. Even a cursory analysis of it's 100 year history will make that blatantly obvious to the unbiased, objective observer.

Mon, 12/16/2013 - 14:40 | 4251127 OutLookingIn
OutLookingIn's picture

Yup. And unicorns fart rainbows!

Fundamentals depend on your perspective.

They can be both positive & negative. We are but observers. Keep an open POV, but more importantly, an open mind. All facts considered sceptically until proven. Then question motivation. After all, we are dealing with nothing more than basic human emotions; hate, love, greed, fear, sex, and the need for acceptance. Except of course, if you are a member of the psycopathic control mob that reside on Wall street.  

Mon, 12/16/2013 - 14:03 | 4250978 El Vaquero
El Vaquero's picture

I wasn't around ZH in 2009, so I cannot comment about back then, but that is my observation as well.  Usually, the prediction is along the lines of "this won't end well."  Normally, if there is a concrete prediction, it is either ZH quoting somebody else, or a guest post or something of the sort.  I think that part of the problem with making concrete predictions is that there are very few known trigger points to look at.  Obamacare is the only one that I can name, and that asshole in the WH put off the employer mandate, so it isn't even definitive trigger point.  Back with the housing crisis, if one had access to the data, one could at least go through and get an idea when all of the ARMs might reset to a higher rate. 

 

If I knew that Obamacare were going to be enforced to the hilt, I would be screaming 2014 is going to be the big one, but, I don't know that.  I suspect that we'll be fed more lies and BS while there is a further deterioration of the rule of law and more manipulation until something accidental happens or enough people actually wake up and shit gets real.  To me it "feels" like it should be within the next year, but, "feels" is no substitute for hard facts and data. 

Mon, 12/16/2013 - 14:48 | 4251147 OutLookingIn
OutLookingIn's picture

ZH = CONSISTENTCY.

I followed TD here from the seekingalpha (07-08) commentary days, after he was banned from that site.

All during this time the content has been consistent. Don't shoot the messenger for delivering what you percieve as being not your POV!

Mon, 12/16/2013 - 14:57 | 4251157 El Vaquero
El Vaquero's picture

Well, from my POV, we're going to be very fucked in my lifetime, barring getting hit by a bus and coming to an early end (or something of the sort,) and our entire system, from government to finance has become rife with dispicable corruption.  Trying to make up for the misallocation of increasingly strained resources by papering over everything is no way to run a society. 

Mon, 12/16/2013 - 14:57 | 4251170 Tanzhosen
Tanzhosen's picture

No question that ZH is consistent.  They will consistently deliver the same view of the world even as it shifts under their feet.  I am puzzled that you see this as a virtue.

Mon, 12/16/2013 - 15:12 | 4251245 OutLookingIn
OutLookingIn's picture

Truth.

That "same view" is the W-5 journalistic reporting of the truth.

Of which, I doubt if the so-called "journalists" of the vast majority of the corporate controlled MSM know of!

And if they do, they have long since sold out their 'truth telling' integrity to the all-mighty buck and have become nothing more than hand sock puppets!   

Mon, 12/16/2013 - 14:10 | 4251015 JR
JR's picture

Few are surprised at the continuing model of increased debt these many years, but it’s hardly kicking the can; rather, it is the smashing of America’s shelves of labor, savings, and sound money of every type. It is the intentional, continuous destruction of the American system of free enterprise; it is the punishment of thrift; it is the reward of taxpayers’ money to the co-conspirators for risk; it is the confiscation of Americans’ private property and the people’s sovereignty.

And, to top it off, it is the complete capture of the American political system, severing those last bonds between the people and their elected representatives, establishing instead Fed created money-control over the Congress and the president.

Zero Hedge has it right. Our present civilization, as we have understood it, is verging on collapse unless these massive defects are remedied very soon.

Mon, 12/16/2013 - 14:58 | 4251175 El Vaquero
El Vaquero's picture

 

Few are surprised at the continuing model of increased debt these many years, but it’s hardly kicking the can; rather, it is the smashing of America’s shelves of labor, savings, and sound money of every type.

The model doesn't surprise me.  What does surprise me is that they have kept it going for as long as they have, and at this point, even that is only mild surprise. 

Mon, 12/16/2013 - 13:52 | 4250936 JR
JR's picture

Five years of truth. Five years of chipping away, sometimes a little, sometimes a lot on the Pravda message of the Central Bank…and on the worthless, shiftless, corrupted political class.

Five years of information on freedom in an era of the tyrants.

Where, pray, would we be after these five years without the cutting edge of Zero Hedge? Happy birthday!, indeed.

Mon, 12/16/2013 - 14:09 | 4250986 Tanzhosen
Tanzhosen's picture

Where, pray, would we be after these five years without the cutting edge of Zero Hedge? Happy birthday!, indeed.

It depends on what you did with their advice.  Certainly if you based investment decisions upon it, then I suppose if they hadn't existed you'd be a whole lot richer.

Mon, 12/16/2013 - 14:26 | 4251071 JR
JR's picture

Silly me. I had been worried about the death of my beloved country and had based my search for truth on ways to stop its erosion into the clutches of the international bankers. I can’t tell you the comfort it has been to me to have witnessed and taken part in the sharing of truth – a commodity so scarce amongst the members of today’s political class and the banker-purchased media.

Zero Hedge does not pretend to offer investment advice but points to the land mines in an ever-complicated investment battlefield. Yes, it provides accurately labeled opinions, but who can dispute the charts and data that so dramatically reveal the lies of the banker economists?

Example: when regular administration reports are released on spending, unemployment, et cetera, one website will provide the truth: Zero Hedge. How could I navigate this world of lies? By blindly following the insiders’ advice only to be trapped unawares down the road?

Could I ask, when the unemployment report is released, do you go to NPR, Bloomberg, Yahoo, MarketWatch or NBC? Or, just between us, do you come to Zero Hedge?

Mon, 12/16/2013 - 14:37 | 4251104 Tanzhosen
Tanzhosen's picture

Could I ask, when the unemployment report is released, do you go to NPR, Bloomberg, Yahoo, MarketWatch or NBC? Or, just between us, do you come to Zero Hedge?

NPR and Zero Hedge.  Remember, though, all I said was that Zero Hedge is breathtakingly wrong, not always wrong.  I think the perspective is useful, but to consider Zero Hedge the only reliable source of information is insanity.  It is in fact among the least reliable, because it will only focus on the worst news and interpreting it in the worst possible way.

So while I think it's useful, and potentially enlightening, to see what news looks like when it's spun that way, I marvel to see that the ZH readers actually believe it's  more accurate.  How could it be?  They don't get clicks from reporting the news accurately, they aren't journalists.  They get clicks for reporting bad news, because that's what their readers want.  Where they really hit the jackpot is they can actually get away with their readers thinking what they do is responsible journalism because, well, their readers are kind of dumb :(

Mon, 12/16/2013 - 14:43 | 4251131 MachoMan
MachoMan's picture

What is wrong?  The timing or the fundamentals?  Further, I'll pose the question, does ZH even make timing calls (or trading advice)?  You keep stating that ZH is routinely wrong, but what specifically is it wrong about?  If I make a post that says capital goods orders decreased over X period of time, and that's what they did, then how is that wrong?

The implications of ZH are certainly bearish, but you're putting words in the Tylers' mouths. 

Mon, 12/16/2013 - 17:09 | 4251719 Harbanger
Harbanger's picture

ZH reports economic news like it is, I don't even think they are bearish.  The markets are rising because of direct liquidity injected by the Fed, We all knew that was coming.  I invested accordingly.  Invest at your own risk because 2008 was a real event.  PM's are manipulated, we all know that, Gold is moving from west to east in the process.  These are facts not opinions, the USD is being challenged as a reserve currecy, that's a fact, there's a race to devalue currencies, US and global debt is at unprecendented highs, we all know that.  I've made money based on facts I read on ZH during this recession.  I'm not sure what this guy expects.

Mon, 12/16/2013 - 15:02 | 4251185 JR
JR's picture

They get clicks for reporting bad news…

I wish it weren’t so; trouble is, the news is bad. Can you not see that our nation is in a death spiral? I come to ZH to get the news and it turns out the bulk of the news is bad. Is that ZH's fault? And it’s caused by the people who own the currency. Can you not see that they are using it for their personal advantage, and for the willful destruction of the West’s middle class?

If that ain’t bad news, I don’t know what is.

BTW, I know journalists when I see them. This website has some of the best journalists in existence. And the major media, as all would agree, have some of the worst - because they lie.

Mon, 12/16/2013 - 15:10 | 4251229 Tanzhosen
Tanzhosen's picture

OK, so just in the past few hours Zero Hedge has reported on evacuation of a couple buildings on Harvard's campus due to a bomb threat.  It has nothing to do with the economy, it's just an event that, if zero hedge is lucky, leads to some deaths (which it won't, I've never heard of a bomb scare followed by an actual explosion, kind of defeats the point).  They report instantly on all stories like this, as long as lives might be snuffed for whatever reason, Zero Hedge is on the case.

Then they have another story about Google buying a high profile robotics company because....ah, oh, maybe they'll put guns and stuff on the robots and people will die.

But sure, 'some of the best journalists in existence', as you call them?  Maybe thing are worse than I thought.

 

Mon, 12/16/2013 - 15:02 | 4251200 OutLookingIn
OutLookingIn's picture

"because, well, their readers are kind of dumb :( "

I sincerly hope that you include yourself in that blanket statement!

Anyone uttering such a 'back-hander' aimed at those with whom an intelligent conversation is requested, does not deserve any further interlocution.

Mon, 12/16/2013 - 17:40 | 4251844 grekko
grekko's picture

Tanzhoven, you aren't being very fair to ZH here.  Nobody, except the banksters, through their political lackies, could have pulled off the numerous game changers that they did.  Mark to Unicorn was one of my favorites.  QE to Infinity is another good one.  Buying MBS?  Brilliant!  Kneecapping gold and silver?  Who'd a thunk it?  They should all be arrested for fraud and share neighboring cells with Bernie (Madoff).  ZH told it exactly like I would have.  The economy and fiat money should have crashed and burned years ago.

Mon, 12/16/2013 - 13:41 | 4250885 SafelyGraze
SafelyGraze's picture

happy anniversary

Mon, 12/16/2013 - 13:37 | 4250887 reader2010
reader2010's picture

Future historians will likely call this period of human history as the Dark Age 2.0. 

Mon, 12/16/2013 - 13:39 | 4250890 peakgrowth2014
peakgrowth2014's picture

The Banksters are coming, the Banksters are coming!!

Mon, 12/16/2013 - 13:43 | 4250895 Racer
Racer's picture

I, for one, certainly don't deify the ChairSatan! or the forthcoming Satan'sEcho

Mon, 12/16/2013 - 13:43 | 4250898 Mercury
Mercury's picture

And as part of the bailout, the British parliament soon passed the Tea Act– an attempt to flood the colonies with the East India Company’s stockpiles of excess tea.

 

How quaint. Would you rather be forced to buy overpriced tea from government cronies...or overpriced health "insurance".

Mon, 12/16/2013 - 14:00 | 4250961 SAT 800
SAT 800's picture

You're in danger of understanding the Matrix.

Mon, 12/16/2013 - 13:45 | 4250906 SheepDog-One
SheepDog-One's picture

What do you mean 'we' deify banksters? Do you have a mouse in your pocket?

Mon, 12/16/2013 - 13:45 | 4250912 JR
JR's picture

The rulers are like a gang of robbers slapping each other on the back and “extolling the Fed’s ‘successes’” but a revolt by the people is waiting in the wings.

It reminds one of the day the Dalton gang finally met the revenge of the people. Bob, Emmett, and Gratton Dalton tried to rob two banks at once in their home town of Coffeyville, Kansas. But the people of the town rose up and met the Daltons: Bob, Gratton and two accomplices died instantly.

Mon, 12/16/2013 - 13:46 | 4250920 Seasmoke
Seasmoke's picture

Long live the fucking Queen, the dirty cunt.

Mon, 12/16/2013 - 13:56 | 4250935 Questan1913
Questan1913's picture
The "Other" Anniversary That's Far More Important

Indeed..  It was the 1913 sequel to the first counter-revolution to the American founding that began in 1861 and was consummated in the spring of 1865 or you might say it was the sweet final consummation of the plans of certain European central bank(st)ers. to capture vital new territory and place it under their control; a necessary final step on the way to world domination and their eventual rule over the entire globe.  The end game, a work in progress, will be a tyrannical beyond belief world "superstate" wielding absolute power over the life of every living being on the planet.

The cause of preserving liberty here in the US is not yet lost fortunately, as evidenced by this current news story:

 

http://cspoa.org/sheriffs-gun-rights/

 

They deserve and must have our active support.

 

 

Mon, 12/16/2013 - 13:55 | 4250946 Greenskeeper_Carl
Greenskeeper_Carl's picture

"It's ironic the federal reserve would choose this day to celebrate" why is that odd exactly? I would literally shit my fucking pants if I could find one member of the American public that new what the Boston tea party was, what the federal reserve is, and when/why it was created. It's only ironic to a tiny % of the population that don't have their heads buried in the sand. Most people are so hopelessly asleep and fucking stupid that any and all irony is lost on them. When this shitstorm finally hits all you will hear is "how did this happen" " no one could have seen this coming".

Mon, 12/16/2013 - 14:06 | 4250989 dick cheneys ghost
dick cheneys ghost's picture

does anyone have a chart for the bubble that started in 1913, the one that used fake money and cheap oil?

thats the one I want to see

~~~

Mon, 12/16/2013 - 14:25 | 4251062 EuropeanBankster
EuropeanBankster's picture

Who do you guys think will get lucky with Yellin in the disabled bathroom at the after-party? Bullard looks like hes walking around with a constant boner..

Mon, 12/16/2013 - 15:20 | 4251262 22winmag
22winmag's picture

Speaking of devil... disabled bathroom edicts put almost as many small businesses out of business back in the 90s as the FED did. Lawyers drove cross country looking for non-complying business to sue, and they're still having a field day suing small businesses over ADA compliance.

 

Fuck you Clinton.

 

Fuck you Americans with Disabilities Act.

Mon, 12/16/2013 - 14:43 | 4251130 Constitutional ...
Constitutional Republic's picture

It's been said that the victors write history, and we can see that plainly in the deliberate censorship of the true history of international banking.

An obvious point: why no national celebration of the Boston Tea Party with a reminder of its causes, and culprits? A rhetorical question. We know why. 

Really enjoyed this succinct account, Simon, and wish it could be read by everyone, everywhere.

'No taxation without representation.'

Mon, 12/16/2013 - 15:11 | 4251232 22winmag
22winmag's picture

American history is very messy... even the good stuff.

 

The Boston Tea Party should be on equal holiday footing with the 4th of July. Also, the idea of Washington's Birthday being morphed into President's Day while the only national holiday named after a man is MLK day makes me want to vomit.

Mon, 12/16/2013 - 19:38 | 4252227 Lednbrass
Lednbrass's picture

Nah, it's only a reminder that New Englanders are dumb as rocks but are convinced that they are clever and original.

The first Tea Party was actually in Charleston, SC... but rather than throw away a perfectly good product they impounded the tea and sold it off on the sly to fund the militias. Stupid Yankees took the idea, dressed up in outfits six weeks later, and pretended that they actually accomplished something. I'm guessing that those silly tools probably cheered themsleves while waving flags and yelling "BOSTON STRONG"!

Mon, 12/16/2013 - 14:55 | 4251172 22winmag
22winmag's picture

Tomorrow is the 1 year anniversary of the Sandy Hook hoax.

 

The only thing that's utterly transparent during the O'bomba administration is the false flag attacks. They're exposed on the internet in a matter of hours or days.

Mon, 12/16/2013 - 15:13 | 4251253 New American Re...
New American Revolution's picture

Simple Simon makes the same mistake most every economist and citizen makes, and hold the (un)disipline of economists in high esteem.   In calling for a "revolution" in monetary policy and a return to sound money, he completely ignores the political considerations upon which such sound money is contingent upon, because it is not economic policy that wags the political tail of the dog, but the political dog that determines the entire nature of its economic tail.   Simply put, there is no monetary reform and no return to sound money without addressing first the political model of governing.   In America's case, our great success rests firmly upon the rule of the people over our government, while our failure as a nation has run hand in hand with the rule of the government over the people.   For those politically and historically illiterate, the former is called Liberty, and the latter, tyranny.   Change the system of governing to Liberty and you will get sound money.  Change to sound money and ignore the tyrannical structure of our government and you will never see a farthing, much less a dollar, of sound money. 

For this reason economists hold a flickering candle to the spotlight the political scientist can claim, but the powers that be and the lie of omission has obscured the fact and myths die hard, condemning America and also the world to wander in the darkness unaware; and so seldom does anyone ever seek the light.

"Rebellion to Tyrants is Obedience to God".  Benjamin Franklin

Mon, 12/16/2013 - 15:44 | 4251356 janus
janus's picture

twelve score and zero years ago, our Operation-Mayhem forebearers brought forth a revolutionary zeal by act of bold defiance; it was to spark and stoke a spirit across this fledgling land and bring about an age of liberty for the common man -- if he could keep it.

no longer would special protective status be accorded based on conditions of birth; the age of aristocracy and entitlement were to drown along with the king's tea (little wonder the US of A is a coffee drinking nation).

and now the viper that dared any to on it tread has instead taken to consuming its own tail; such that we've devoured our blessed beginnings, bringing us back to an age of special status based on conditions of birth...full circle -- as it were.

our leaders are little more than a gaggle of rudderless and amoral imbeciles, tacking back and forth about the oscillations of trending political currents, seeking first the kingdom of DC and all that slimy slush-trough has to offer.  

perhaps a demonstration of several new-fangled Sons of Liberty, dressed as 'terrorists', should make a spectacle by tossing some federal reserve notes into our pristine harbor.  i know janus would show...fo shore!  well, i couldn't afford to toss anything but a bunch of ones...like making it rain for lady liberty -- po boy style.

what a perfect graphic for a video-obsessed nation...because a federal reserve note, much like shit itself, is prone to float.  they could pan about the harbor and focus in on various green-backs complete with personalized messages for the bernack.  (oh, and btw, mrs. yellen: many of us Hedgers are gentlemen...but don't you go thinkin we'll go easy on you just cause yer a woman.  you're in man country now, bitch...maybe time for a cup-check janus-style).

revolution, the choice of the new generation.

thank you, Tyler, for noting this awesome and auspicious date.  

we shall overcome.

 http://www.youtube.com/watch?v=IzRhFH5OyHo

and called it macaroni,

janus

Mon, 12/16/2013 - 15:50 | 4251385 janus
janus's picture

oh, and thank you, Simon Black...top-shelf as always.

 

http://www.youtube.com/watch?v=ih7N9_VUU4U

a long-long time ago/

i can still remember how...,

janus

Mon, 12/16/2013 - 16:27 | 4251556 zippy_uk
zippy_uk's picture

Give us our money back you tea chuckers... Americans = Brits who don't want to pay taxes...

Mon, 12/16/2013 - 18:32 | 4252028 esum
esum's picture

100 cents to 3 cents purchasing power in 100 years.... jolly good show

 

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