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What Really Mattered To The Fed The Day After Lehman Collapsed, In Its Own Words
The following chart showing the use of the words "economy" and "markets" in the Fed's September 16, 2008 meeting transcript is presented without comment.
And as a bonus chart, here is how this ratio progressed into the Fed's last meeting in December 2008.
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Keep the Ponzi alive [whatever it takes]...
But how many times did they say "full employment" or "price stability"?
Oh...those figures are on the charts? Between the other two, you say? But I don't see anything there at all....
statistical bulllshit unless you quote the number of words in each set of minutes!
I suspect the total word counts for each would be 158 and 268, respectively.
Its all in the tone.
Change "economy" to "peons" and "markets" to "elites".
The Fed must just hate Zero Hedge for outing them :)
I've been wondering why the server has crashed so many times lately
"Controlling Inflation & Supporting Employment" are the sheepskin covering the wolf.
Where's "Weather" ?
For December, I'd imagine it would've been off the charts....
How about the word gold. Did they ever use it. Just wondering how far the panic went.
Just checked. Not a peep about gold, but the word "relic" was used 117 times.
Coincidentally, so was the word "barbaric." Go figure.
Job 1 of the Federal Reserve is to NEVER tell the truth about the real nature of the ponzi. All else comes second!
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
BTW, Western civilization became a Ponzi when the temporary fix of fossil fuels allowed us to exceed the natural carrying capacity of the planet for H. Sapiens...
The Fed is merely a symptom, not the cause and certainly not the cure...
The End of Ancient Sunlight?
I disagree. It's been how the fossil fuels have been applied. There is more than enough land and fuel to feed the planet if it weren't for the greed and hubris of man.
You do realize that only a small minority is required to fuck things up...
Capitalism, for all its virtues, drives faster and faster exploitation of the commons. So unless you are willing to stand up and say no to uber wealthy, that they cannot have MOAR then this is the only possible outcome...
So are you obliquely advocating a statist solution to the problem??
I realize more than you give me credit for, as usual. The only statist solution I'm advocating is prosecution of those who violate the public trust and/or profit from fraud and lies. Other than that, I believe in a small and limited State.
That all sounds warm and fuzzy but when the influence of individuals through the projection of their wealth can overwhelm any oppostion to their rapacious and counter productive behaviour, you have a serious problem. The state is coopted for the furtherment of their ends..
It is all about enforcing accountability and you have offered nothing resembling a solution...
Flak:
Unless you have a violent revoloution, there is no solution - just submission.
-30-
We are beyond revolution, collapse is the only thing that will change things. The only thing that will emerge out of revolution is warlords playing the same game, imagine the Congo as a model...
And if it is collapse, you ain't gonna like what is on the other side, assuming of course you even survive that long...
Kill them all and anyone who wants "government" to fix it all. Happy?
Seriously, it was people like you demanding that someone "do something" who put us in this position to begin with. Now you want more of the same to solve the same problem the same has given us? That is insane.
Don't put words in my mouth. I said no such thing...
The cat was let out of the bag long before any of us was born...
"Government" emerged out of conflict, as the group that was the best at backing up deceits with destruction. That "government" cannot be replaced by any other group than one which is even better at doing so.
Meanwhile, the almost total dominance of the whole world by lies backed by violence means we approach all of our problems with collective deliberate ignorance. All of those problems are adding on top of each other, and synergistically multiplying each other.
What you suggest as "TheReplacement" is ridiculous. Governments emerge because they are the best organized gangs of killers. There is nobody else who could displace them but another better organized gang of killers. Recommending that we kill them all and anyone who wants "government" is completely stupid, since it deliberately ignores the basic nature of the problem, and why it exists!
OF COURSE, ALL OUR REAL PROBLEMS ARE ACCUMULATING TOWARDS BECOMING OVERWHELMING, SINCE OUR CIVILIZATION IS CONTROLLED BY THE MOST DISHONEST AND VIOLENT PEOPLE, WHO OPERATE WITH THE MAXIMUM EVIL DELIBERATE IGNORANCE TOWARDS THE LONGER TERM CONSEQUENCES OF WHAT THEY ARE DOING. HOWEVER, THERE ARE NO PRACTICAL SHORT-TERM SOLUTIONS TO THAT, AND CERTAINLY NOT FACILE AND FATUOUS SUGGESTIONS THAT WE SHOULD KILL THEM ALL.
That such sentiments are relatively popular on Zero Hedge merely demonstrates the degree to which there are NO rational resolutions to these problems possible, since the stupidest and most impossible "solutions" are routinely promoted as being somehow popular.
If there are going to be better resolutions to our problems, then that would require better government operating better death controls, which can NOT be killing off government itself, other than on the actual path we are on, which will result in our criminally insane civilization killing off itself as a whole, which currently looks like the most probable outcome.
That people like TheReplacement routinely spout their kind of self-contradictory nonsense about killing those who run the government, (which ignores that the government is THERE because it was made by the best organized gangs of killers) is typical of the terminally stupid responses that may well be personally preferred strategies, but could not be the basis of any coherent overall political strategy.
The relationship between the FED and the government of the USA reveals the basic social facts that governments are the biggest form of organized crime, controlled by the best organized gang of criminals. That most people who begin to understand that then spout bullshit "solutions" is why we are incapable to developing better dynamic equilibria between the different systems of organized lies, operating organized robberies. Most of the idiots that oppose that want to promote the impossible ideals that those systems should not exist. Those impossible "solutions" always backfire, and thereby enable the actually existing systems to become even worse.
The best theoretical solutions are to make a democratic republic through the rule of law WORK. However, since the overwhelming majority of "citizens" have become Zombie Sheeple, who are exhorted to be led by Black Sheeple promoting impossible "solutions" which can never exist in the real world, what we actually default to is more of the same runaway triumphs of the best organized criminals being ineffectively opposed.
People like TheRlacement are typical of those who do not see their own insanity. Collectively, civilization has become runaway criminal insanity, because of the degree to which people are able to deliberately ignore the basic nature of the chronic political problems, which are inherent to the nature of life, and then spout nonsense about impossible "solutions" which can never exist in the real world, but rather flatly contradict the nature of that reality itself.
Most government positions and rules have an action clause, never a penalty clause if those in power don't execute them appropriately. That's part of the problem. As for a solution for once power is corrupted, there usually isn't one unless a corruptionless man takes position, or people demand/overthrow the corrupt system.
What as I supposed to say as a fullproof solution? There isn't any. You're just being argumentative now by asking questions which can't be resolved simply by me stating that corruption shouldn't exist. You may as well as for solution to war too.
I'm done with you. The votes speak for themselves.
Of course, there is no full proof solution...
But you clearly avoided my observation that unchecked greed by only a few is at the root of the problem...
Clearly, you can't handle implications of what your ideology leads to....
The state exists to project power, the less power you have to project, the smaller the state. The less inequality the less the ability to coopt the state...
It is very simple really...
I don't disagree about the few bad actors. I don't have an ideology other than people stay the fuck out of my business where they don't belong. That usually refers to overreaching government, regardless of flavor.
No argument from me as long as you admit that powerful corporations are as bad, if not worse than the state you decry...
Edit: <crickets>
Failure to agree with the statement is known as ideological and intellectually bankruptcy...
Either that or he can't bear the thought of publically admitting I am correct...
Crickets? I actually have a social life beside arguing with internet intalectuals (sic).
Corporations are in the same corrupt bed as the so called "state" I decree.
You fail in the majority of your statements as the votes imply.
Go away!
Good we are making progress...
So it is now obvious that a small effective state would have to insure that only "small effective" corporations exist?
You cannot possibly reach any other conclusion, therefore I can safely assume you agree with me... Yes?
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BTW, I am going to bookmark this thread so this civil discussion will be continued at a later date.
Toodles...
Oh yeah, you don't really think the votes here mean anything. do you?
Wrong! Bookmark whatever you want. Votes are usually an indicator of agreement/disagreement of thoughts or ideas. And just like the points in "who's line is it anyways", they ultimately don't matter in the bigger scheme of life.
Figures, Always avoiding the real question...
We'll touch base again soon...
Ta Ta...
Flak:
"So unless you are willing to stand up and say no to uber wealthy, that they cannot have MOAR . . ."
When you stand up, they shoot you down.
Been watching other places in the news where the cops gun you down as soon as look at you?
The French answer is the last time I've seen where the populace actually disposed of the oligarches. Since then, it progressed to one faction liquidating another, to now, when the cops - with the army backing them up - just commit massacres with impunity.
Does anyone here honestly believe that the crimianlized goons in the park service wouldn't open up on the old people at the Veterans' Memorial if they had been allowed?
-30-
Read somewhere the other day, death by cop in the US is now higher than among troops in Afghanistan.
Cops, mind you.
What might the capabilities of the Pentagon be, on the streets of this country?
So, the horrendous, epic environmental destruction wrought by the soviet communists, with state monolies and state ownership of everything, was good for the commons? Well that's a relief.
That is pretty blantant word twisting even by the standards here....
I only point out the essential Catch-22 nature of the situation...
It is government protection that enables these "exploiters." A free Market would let them fail.
A truely free market might even let profligate government itself fail, in a system of honest money (peoples money) as oppposed to government owned and operated unbacked currency.
.gov being like fire, that is.
Look you are going to have to come up with better than empty platitudes...
Even Smith was aware of the true nature of markets... Do I really have dig that quote out again...
The "Free Market" that you are looking for only exists in a pick-up truck that is balanced diagonally onto a pin head, of which the pin is balanced on it's point. The tiniest vibration or pocket of uneven wind knocks it over and gives you the "crony capitalism" that everyone bitches about. You will not find your "free market" in any significant quantities in this realm.
Or any realm for that matter...
When it gets serious you have to lie. Hint: its always serious.
It's best if we always keep our eyes on the ball. Nothing is done by accident and everything serves an ultimate purpose.
http://m.nakedcapitalism.com/nakedcapitalism/#!/entry/matt-stoller-free-trade-pacts-were-always-about-weakening-nationstates,530738ebb7d8d24162cc5905
What was the word count for "KY Jelly" or "ass fucking the consumer"??
They do us dry, and the assfucking of the consumer is called "the markets". I believe ZH had documented how many times they've been using that term. Thus your answers are clearly made.
Centrally controlled markets are not free markets. No more so than the Communist Party controlled "markets" of China. We have something similar, in a Corporatist controlled political economic structure.
We handed consent to power and here we are.
Corporatism is a form of collectivism.
but what you have to realize is that the word "markets" is actually code-speak for "bonuses, hookers, and blow".
And "economy" is code-speak for "Fuck America, we're raping and pilaging this mother fucker until it's bone dry and there's nothing left, bitchez!"
economy = banks
markets = banks
economy = muppets
markets = our friends on wall st.
It knows what feeds it?
sorry, beans, I didn't scroll down far enough.
Jesus, you'd think after 5 years of B.S. EVERYONE would realize that it's not the economy that matters to the Fed. like it's not obvious by looking at the SPX chart overlaid with QE episodes. i guess for the kids on the short yellow bus you really have to spell it out.
Being in these Fed fucked markets now and over the years .... I say, go Fed until you drop you fuckers. Market profits buy metals.
The game was to collapse the economy, keep McCain and Palin at bay, and bring in the Kenyan dope as a figurehead while aggressively implementing the Socialist agenda - and no more restraint with incremental totalitarianism. It was 'Full Speed Ahead!'.