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With The World Burning Around Them, The Fed Was Debating This Epic Question

Tyler Durden's picture




 

"We are not clueless," Kevin Warsh notes in this September 16th 2008 Federal Reserve transcript (as the entire financial system was imploding around them); but it is the final 'debate' in this brief section that sums up what Marc Faber has feared all along. Adjective or Abverb?

 

Via FOMC Transcripts,

MR. WARSH. I think the sentiment we are trying to suggest is watchful waiting. We are not indifferent, we are not clueless, we are paying attention, but we are not predisposed. Hence, Governor Kohn’s suggestion.

MR. KOHN. My suggestion was to substitute “carefully” for “closely.” I agree that “monitor closely” had this other connotation, but I think we should be seen as paying more attention than usual. There might be another alternative.

MR. DUDLEY. “The Committee will carefully evaluate economic and financial market developments.” That means you are on the case.

CHAIRMAN BERNANKE. Well, it is not an analytical thing we are doing. We are just watching closely.

MR. WARSH. Keenly? Carefully?

MR. LACKER. Mr. Chairman?

CHAIRMAN BERNANKE. Yes. President Lacker.

MR. LACKER. Including “closely,” what does that imply about the opposite? I mean, are we going to be able to take that out?

MR. WARSH. Well, we have done things like “in a timely manner” and other kinds of phraseology.

MR. LACKER. Yes, but this is an adjective.

CHAIRMAN BERNANKE. No, it’s an adverb.

MR. LACKER. There goes my credibility. [Laughter]

 

(h/t@Not_Jim_Cramer)

 

Perhaps that's why they get paid the big bucks (or not as it appears)

 

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Fri, 02/21/2014 - 11:59 | 4461976 Winston Churchill
Winston Churchill's picture

Could turn you anti semantic.

Fri, 02/21/2014 - 12:03 | 4461995 ParkAveFlasher
ParkAveFlasher's picture

His name is Francis Sawyer.

Fri, 02/21/2014 - 12:06 | 4462006 VD
VD's picture

& he is deaded.

Fri, 02/21/2014 - 12:13 | 4462040 SilverIsKing
SilverIsKing's picture

They left out the part where someone volunteers to call Jamie and Lloyd to read them the statement before it is made public.

Fri, 02/21/2014 - 12:21 | 4462086 linniepar
linniepar's picture

The ONE time BernanQE got anything right.

Fri, 02/21/2014 - 12:30 | 4462123 eclectic syncretist
eclectic syncretist's picture

They are only concerned with how they appear, and that they appear to be in control, because at the end of the day they (and the FRNs they print/counterfeit) are inescapably legitamized only by the people's confidence in them.  This short dialogue sums it all up very clearly for anyone willing to stomach the gut-wrenching reality of how precarious and even illusory our global financial system is.

Fri, 02/21/2014 - 12:42 | 4462146 clymer
clymer's picture

here to go to explanation.

Fri, 02/21/2014 - 12:46 | 4462167 idea_hamster
idea_hamster's picture

BERNANKE. Well, it is not an analytical thing we are doing

You got that right -- thanks for the honesty.  And ... scene.

Fri, 02/21/2014 - 13:18 | 4462274 HyBrasilian
HyBrasilian's picture

HERE TO GO [to explanation]

~~~

"When you smell the smoke

You don't need to be told

What you got to do...

 

But there's a certain breed

So very inbetween

they'd rather take a vote...

 

Runnin short on time

still they can't decide

what we already know..."

Fri, 02/21/2014 - 14:15 | 4462518 jbvtme
jbvtme's picture

is this a fed meeting or a fireside chat at the local synagogue?

Fri, 02/21/2014 - 18:07 | 4463369 jbvtme
jbvtme's picture

meanwhile, in the colosseum next door, some christians were drawng straws to see who would fight the next tiger...

Fri, 02/21/2014 - 19:06 | 4463513 The Vineyard
The Vineyard's picture

Yeah, yeah.  The FED is bad.  We get it.  Blah, blah.

Fri, 02/21/2014 - 21:35 | 4463920 mjcOH1
mjcOH1's picture

"MR. LACKER. Yes, but this is an adjective.

CHAIRMAN BERNANKE. No, it’s an adverb.

MR. LACKER. There goes my credibility. [Laughter]"

 

But enough of the levity....should we devalue the currency by 50% within 10 years?   Or by 70%?

Fri, 02/21/2014 - 19:45 | 4463645 realWhiteNight123129
realWhiteNight123129's picture

They were splitting hair "closely" or "carefully" while the mother of all credit bubbles was imploding.

 

Fri, 02/21/2014 - 19:49 | 4463657 akak
akak's picture

They were all "closely" putting their thumbs up their asses while "carefully" picking all of our pockets to bail out the TBTF banks and Wall Street.

Fri, 02/21/2014 - 13:18 | 4462275 Stackers
Stackers's picture

And this is what they argue about while the world financial system implodes in front of them ?

 

For some more context lets take a time warp back to January 2009 on CSPAN as Rep Paul Kanjorski Chairman for Capital Markets Committee explains exactly what was happening the week of September 15, 2008. The above meeting was 4 days after the event being described by Mr. Kanjorski.

http://www.youtube.com/watch?v=Sxz6gYIiFHc

Fri, 02/21/2014 - 13:25 | 4462305 machineh
machineh's picture

'Well, it is not an analytical thing we are doing. We are just watching closely.'

Man, that is some pervy circle jerk, 'watching closely.'

Fri, 02/21/2014 - 17:07 | 4463128 Soul Glow
Soul Glow's picture

Imagine the funding power to be able to withdraw $5.5 trillion in a single afternoon. 

That is not just a single entity, that is a collective.

Be it China, the House of Saud, Russia, and various other smaller players, there was a concerted run on the banks.  The result was a run on everything from equity, to bonds, to gold - although the gold run ceased in the fall and the equity run continued until further measures were put in place in the following spring.

This happened over 5 years ago and there has been nothing to solve this problem except print massive amounts of fiat cash.  And fiat is an IOU on the bond notes.  If there is ever a run on bonds it will collapse the dollar because the faith of the two are tied together.

Fri, 02/21/2014 - 18:01 | 4463357 Flakmeister
Flakmeister's picture

You do understand the difference between physical cash (which was not printed) and the stale reserves on file at the Fed?

The Fed levered up and now it has no real way to unwind...

Fri, 02/21/2014 - 18:58 | 4463486 Soul Glow
Soul Glow's picture

Physical cash has the legth of life that lasts as long as it can stay intact and not tear and rip.  The digital currency is what the IMF play with before they go to sleep at night.

Fri, 02/21/2014 - 19:02 | 4463498 walküre
walküre's picture

$550 billion in a matter of one to two hours ... but still

The issue was never addressed and covered up just like everything else. All we can do is speculate who did this and for what purpose. We can wildly guess but we'll never know the full truth and that sucks.

Sat, 02/22/2014 - 02:14 | 4464486 ThroxxOfVron
ThroxxOfVron's picture

Indeed.  The assholes are NOT analyzing data, conditions, or even expectations.

They are crafting illusions.

Why would that be done unless to distract and obfuscate the true nature of the system?

One can only conclude that if the mechanics and true intent of the FED cabal/system were actually discussed openly that the public would not condone it.

Further: IF these carping craven creatures exemplify the best minds tptb allow into the cockpit a fucking horrible crash landing is absolutely inevitable.

They don't have control of their egos and cannot be honest as to their intentions and activities.

Fri, 02/21/2014 - 13:23 | 4462296 kchrisc
kchrisc's picture

"...are inescapably legitamized only by the people's confidence in them."

Partly, yes, but more so by the enouragement of "legitamacy" encouraged by their government partners-in-crime's guns.

 

"We are gods. Believe or be shot."

 

Fri, 02/21/2014 - 15:53 | 4462852 Jean Valjean
Jean Valjean's picture

My favorite quote on appearances:

...when a man spends his energy on appearing to have, he is all the time destroying what he has, and therein the very means of becoming what he desires to seem.  If he gains his end, his success is his punishment.

Geroge MacDonald

Fri, 02/21/2014 - 18:47 | 4463470 DanDaley
DanDaley's picture

All hat...no cattle.

Fri, 02/21/2014 - 19:15 | 4463546 Withdrawn Sanction
Withdrawn Sanction's picture

"...legitamized only by the people's confidence in them."

Yes, indeed.  See also, "confidence man" or its shortened version, con-man (or men, as you see it).

These con-men are dickering about adverbs and phraseology, while the ship is actually sinking.  The next day, 9/18, by 11am $550 billion was withdrawn from money market accounts.  Rep Kanjorski (D-Pa), goes on to claim that had this process been allowed to continue, estimates he was given claimed that $5.5 trillion would have been drawn out of the US money market system by 2pm that afternoon.

While that's a very dubious assertion (there weren't $5.5 T in MMAs--although money flowing out of the stock market and through the money market might have met the mark), the interesting point is the palpable level of fear stoked by the wordsmiths at the Fed and Hank "the shank" Paulson over the following 2 days.  After all, without elevated fear levels, how can the con-men loot the Treasury on behalf of corrupt and inept banksters?

Fri, 02/21/2014 - 12:43 | 4462155 TheMeatTrapper
TheMeatTrapper's picture

He must have watched this:

Lolly Get Your Adverbs Here 

 

Fri, 02/21/2014 - 12:22 | 4462099 outamyeffinway
outamyeffinway's picture

I remember Jim Rickards saying once (paraphrase) that 90% of the time central bankers are more concerned about HOW they say things than the actual policy itself.

Fri, 02/21/2014 - 12:32 | 4462129 Herd Redirectio...
Herd Redirection Committee's picture

The new Priest class...

Fri, 02/21/2014 - 14:12 | 4462508 akak
akak's picture

And we are all the altar boys.

Fri, 02/21/2014 - 12:39 | 4462148 max2205
max2205's picture

Oh brother.....

Fri, 02/21/2014 - 12:13 | 4462042 Pool Shark
Pool Shark's picture

Lighten-up Francis.

Fri, 02/21/2014 - 12:18 | 4462073 Thought Processor
Thought Processor's picture

 

 

All part of the plan.

 

A little behind schedule perhaps but still moving toward a managed reset, triggered by some as of yet unknown event which will have people clamoring for a one world system.

 

And then global fascism will become an overt reality instead of a covert one.

 

Unless of course those same people wise up to the 'ruse' and decide enough is enough.

 

Fri, 02/21/2014 - 19:29 | 4463591 Withdrawn Sanction
Withdrawn Sanction's picture

"And then global fascism will become an overt reality instead of a covert one."

I dont know, it seems pretty in your face right now (NSA, NDAA, etc. etc.).  Also, the point about enough is enough is a good one.  Not sure what the tipping point/"trigger event" will be, but I suspect the goons are not as prepared as they like to think they are.

Indeed, the fear porn guys and governmetn shills are constantly flapping their gums and keyboards about the billion plus rounds of ammo bought by DHS and assorted branches of the thugocracy.  And granted, that's a lot of ammo; however, a quick search also shows that the US ranks no. 1 in gun ownership per person (Wiki says there are about 89 guns per 100 people).  If each gun has, say a dozen rounds stored with it, that's more than 3 billion rounds in private hands.

I can see why the thugs feel threatened enough to want to stock up.  Gives new meaning to the phrase, trigger event.

Fri, 02/21/2014 - 12:26 | 4462110 TeamDepends
TeamDepends's picture

If I were you, I'd shut up about that.

Fri, 02/21/2014 - 12:53 | 4462175 HyBrasilian
HyBrasilian's picture

So if one were to say something like... "Fuck you you fucking fuck" [where's the adjective or adverb in that]?

Fri, 02/21/2014 - 12:58 | 4462214 Charles Nelson ...
Charles Nelson Reilly's picture

as Jerry wrote and sang about, it's a real Ship of Fools

Fri, 02/21/2014 - 12:13 | 4462039 1stepcloser
1stepcloser's picture

Any of you homos touch my adverb, I'll kill ya!

Fri, 02/21/2014 - 17:32 | 4463263 kito
kito's picture

dont be so gay

Fri, 02/21/2014 - 12:06 | 4462008 buckethead
buckethead's picture

I see what you did there.

Debating phraseology, grammar, and spelling is what many intardnet warriors resort to when found wanting for a valid and effective course of action. It's good to know our benevolent leaders at the premeir central bank have that same plan 'B'.

Fri, 02/21/2014 - 12:11 | 4462033 DoChenRollingBearing
DoChenRollingBearing's picture

I was thinking the same...

"How many angels can dance on the head of a pin?"

Fri, 02/21/2014 - 13:27 | 4462314 machineh
machineh's picture

Or as the FOMC circle jerk participants often ask, 'How many angels can dance on the head of a penis?'

Fri, 02/21/2014 - 15:56 | 4462860 Beam Me Up Scotty
Beam Me Up Scotty's picture

"Debating phraseology, grammar, and spelling is what many intardnet warriors resort to when found wanting for a valid and effective course of action"

Like determining what the meaning of "is" is?

Fri, 02/21/2014 - 12:27 | 4462113 Winston Churchill
Winston Churchill's picture

 A little stupid levity and word play on this forum is one thing.

In that fedRes forum, at that time, its just ouright scary.Truly sociopathic.

From their ivory tower ,they can't even see the woods, let alone the trees.

Fri, 02/21/2014 - 13:28 | 4462318 machineh
machineh's picture

From their ivory tower ,they can't even see the words, let alone the trees.

Fri, 02/21/2014 - 12:37 | 4462143 Tinky
Tinky's picture

You spelled "premier" incorrectly.

Fri, 02/21/2014 - 16:59 | 4463080 Baldrick
Baldrick's picture

yes. so the next time someone corrects your grammar tell them " stop getting all lacker on me."

Fri, 02/21/2014 - 12:06 | 4462009 whatthecurtains
whatthecurtains's picture

Benny Benny Benny, get your adverbs here!

Benny Benny Benny, got some adverbs here!

Come on down to Benny's, get the adverbs here!

You're going to need

If you write or read

Or even think about it

Fri, 02/21/2014 - 12:20 | 4462078 Johnny Cocknballs
Johnny Cocknballs's picture

best quip of the week....

Fri, 02/21/2014 - 13:36 | 4462354 booboo
booboo's picture

Reminds me of Knights Who Say Ni

http://www.youtube.com/watch?v=zIV4poUZAQo

Fri, 02/21/2014 - 14:32 | 4462588 Jumbotron
Jumbotron's picture

<Sigh>

These minutes could have been written by Monty Python.  Before the general collapse of society you have the collapse of our leaders.  Which of course....they all came from the people.  The Circle Jerk of Doom.

Fri, 02/21/2014 - 11:59 | 4461978 RSloane
RSloane's picture

Kevin Warsh was tellin' porkies. They were clueless.

Fri, 02/21/2014 - 20:15 | 4463736 Winston Churchill
Winston Churchill's picture

Google translate ;Cockney >English>American.

Pork pies = lies.

Fri, 02/21/2014 - 12:00 | 4461979 pods
pods's picture

Just awesome.  

Like teens getting high and debating where space ends.

We should pitch in and get them "I like to watch" T-shirts.

pods

Fri, 02/21/2014 - 13:11 | 4462260 optimator
optimator's picture

They were high on manischewitz I'll wager.

Fri, 02/21/2014 - 13:29 | 4462326 machineh
machineh's picture

That's anti-semantic.

Fri, 02/21/2014 - 14:15 | 4462519 akak
akak's picture

Only in the eyes of the juice.

Fri, 02/21/2014 - 12:00 | 4461983 pragmatic hobo
pragmatic hobo's picture

band of idiots ...

Fri, 02/21/2014 - 12:09 | 4462023 Unprepared
Unprepared's picture

That's a superlative if I ever seen one

Fri, 02/21/2014 - 12:14 | 4462050 BLOTTO
BLOTTO's picture

I cant wait to bump into some of these fucks with my motley crew when we are all running through the forest...

Fri, 02/21/2014 - 13:03 | 4462231 LMAOLORI
LMAOLORI's picture

 

 

Band of brothers 

Fri, 02/21/2014 - 12:01 | 4461985 Duc888
Duc888's picture

 

 

 

 

....or in other words (Channeling Tricky Dick here)

 

"(sic )We are not crooks".

 

LOL.

Fri, 02/21/2014 - 13:35 | 4462350 thamnosma
thamnosma's picture

or "if you like your doctor, you can keep your doctor"

Fri, 02/21/2014 - 12:01 | 4461988 Flakmeister
Flakmeister's picture

Where is Spasticus Rex when you need expert commentary?

Fri, 02/21/2014 - 12:03 | 4461990 Cognitive Dissonance
Cognitive Dissonance's picture

The puppets play tea party while the house burns around them.

<Would you like a biscuit with your tea dear? The weather was frightful this morning, wouldn't you say?>

Fri, 02/21/2014 - 12:02 | 4461993 alfred b.
alfred b.'s picture

 

     Way too much power to so few buffoons!!

 

Fri, 02/21/2014 - 12:06 | 4462007 Unprepared
Unprepared's picture

Dictating what qualifies as an adjective/adverb is indeed too much power.

Fri, 02/21/2014 - 12:03 | 4461997 Unprepared
Unprepared's picture

WORD!!

Fri, 02/21/2014 - 12:03 | 4461998 buttmint
buttmint's picture

"...truth is scarier than fiction." These are the clowns making big salaries and as Faber has accurately pointed out "..never held down a real job in their lifetimes."

Fri, 02/21/2014 - 12:04 | 4462001 beegle
beegle's picture

is this for real ?

Fri, 02/21/2014 - 12:04 | 4462002 Whoa Dammit
Whoa Dammit's picture

They have a training class on "Fed Speak" for their employees. "because" can be used when Fed writing, but "since" cannot, etc.

And these people are in charge of our money. 

Fri, 02/21/2014 - 12:04 | 4462003 Atomizer
Atomizer's picture

I was rather bored in listening to Bloomberg & CNBS yesterday. Hunted around and found this. Was impressed with his statement. I also learned something, why the 10 yr. treasuries are so important. Never knew this fact. (housing)

 

http://market-ticker.org/akcs-www?post=228667

Just sending a bit of love your way Karl. Even though we have differences on our view of precious metals, a well done interview!  Thank you..

Fri, 02/21/2014 - 12:13 | 4462045 DoChenRollingBearing
DoChenRollingBearing's picture

In these days when you never know whom to trust nor what is important to read, well, I try to read it all.

Fri, 02/21/2014 - 12:25 | 4462108 Atomizer
Atomizer's picture

That’s why I didn’t blog yesterday, my blood was boiling and I know my comments would turn out to be caustic. Started off this day in good humor (Signs reply). Winks.

Fri, 02/21/2014 - 12:06 | 4462012 Ayn Rand
Ayn Rand's picture

We are not clueless.

Want to bet?

What flavor Kool Aid is served at the meetings?

 

Fri, 02/21/2014 - 12:08 | 4462018 Yancey Ward
Yancey Ward's picture

Deleted from the transcript:

 

Warsh:  "Where's Yellen?"

Kohn:  "She's out getting a wax."

Warsh:  "Bikini?"

Kohn: "I suppose that, too."

Warsh:  "Would you do her?"

Kohn:  "Yikes!  I would rather do Akerlof."

Fri, 02/21/2014 - 12:08 | 4462019 unrulian
unrulian's picture

in this case, the message is the medium

Fri, 02/21/2014 - 12:08 | 4462020 Dagny Taggart
Dagny Taggart's picture

I wonder if they choose their words this carefully when instructing the hookers...

Fri, 02/21/2014 - 12:09 | 4462024 kellycriterion
kellycriterion's picture

Is this a reflection on their intelligence or on the intelligence of the intended recipients of this wisdom?

Fri, 02/21/2014 - 12:10 | 4462026 Soul Glow
Soul Glow's picture

Ah "phraseology", the timeless economic tool.

Fri, 02/21/2014 - 12:20 | 4462077 1stepcloser
1stepcloser's picture

I'll take the studying of wordsmithing for 1000 Alex...

Fri, 02/21/2014 - 12:11 | 4462028 beegle
beegle's picture

this will end badly

Fri, 02/21/2014 - 12:34 | 4462131 1stepcloser
1stepcloser's picture

See ZH's Motto!

Fri, 02/21/2014 - 12:11 | 4462032 buzzsaw99
buzzsaw99's picture

what else do they have to do? they wait for the red phone to ring from nyc and reword old statements. other than sack and frost doing the heavy lifting that's about it.

Fri, 02/21/2014 - 12:12 | 4462036 FreeNewEnergy
FreeNewEnergy's picture

Fukwads. (For Mr. Lacker, that's a noun, sir.)

Fri, 02/21/2014 - 12:13 | 4462038 whatthecurtains
whatthecurtains's picture

Read further... amazing.  

 

MR. PLOSSER. Well, that seems fine. We are monitoring these things. Is this the 

FOMC statement dictionary we are going to? Is this the code book? [Laughter] 

 

CHAIRMAN BERNANKE. Any other comments? All right. Let me just ask for a straw 

vote: “closely,” no “closely,” or “carefully.” Do we want “carefully”? All right. Is “carefully” 

more acceptable to those who are concerned?

Fri, 02/21/2014 - 12:22 | 4462089 Urban Redneck
Urban Redneck's picture

Masters of the Banking Cabal and Conspiracy for Global Domination (or would Dumbination be a better noun, or verb) and yet they couldn't find their asses with both hands.
WE NEED BETTER DRONES.

Fri, 02/21/2014 - 12:16 | 4462055 ThisIsBob
ThisIsBob's picture

"We are not clueless" is right up there with "I am not a crook."

Fri, 02/21/2014 - 19:07 | 4463518 walküre
walküre's picture

+1 "There goes my credibility"

Oh the humanity!

Fri, 02/21/2014 - 12:16 | 4462058 jim249
jim249's picture

They were just waiting for their instuctions from wall street.

Fri, 02/21/2014 - 12:18 | 4462066 Glass Seagull
Glass Seagull's picture

 

 

 

"Now the world is ending!!" [Laughter, applause]

Fri, 02/21/2014 - 12:18 | 4462068 Kaiser Sousa
Kaiser Sousa's picture

nothing like the close in London where the only 2 forms of real money always seem to take a turn to the downside every fucking day.....

http://www.kitco.com/charts/livesilver.html

http://www.silverseek.com/

Fri, 02/21/2014 - 12:20 | 4462070 Dr. Bonzo
Dr. Bonzo's picture

Adjective or Abverb?

 

Expletive.


Fri, 02/21/2014 - 12:19 | 4462074 ebworthen
ebworthen's picture

Is "FUCK YOU!" an adverb?

Fri, 02/21/2014 - 12:24 | 4462102 1stepcloser
1stepcloser's picture

no but FUCK YOU(Ly) is  

Fri, 02/21/2014 - 13:34 | 4462344 machineh
machineh's picture

Fuk Yu Li ... he's at the Peoples Bank of China, last I heard.

Fri, 02/21/2014 - 12:35 | 4462134 ipud
ipud's picture

It's imperative

Fri, 02/21/2014 - 12:53 | 4462192 beegle
beegle's picture

BERNANKE  > no , its a subjunctive . Ok , who are we lending the 500 billion to , the the iranians , or the venezuelans  ...?

LACKER > Mr Chairman , you are so smart 

FISHER > I say the venezuelans , dont want to have to go to Teheran at this time of the year , too damn hot , besides the venezuelans need toilet paper .

 

 

Fri, 02/21/2014 - 13:35 | 4462353 ipud
ipud's picture

"Fuck these irregular verbs." - Quang Phuc Dong, South Hanoi Institute of Technology

http://douglemoine.com/english-sentences-without-overt-grammatical-subje...

Fri, 02/21/2014 - 12:24 | 4462090 Randoom Thought
Randoom Thought's picture

The only entities that "need" to the growth paradigm to live are the banks. Yes, things would be a lot more boring if people were not enslaved to debt and interest that cost them more than their labor could repay. And yes it would be a lot less interesting if the Feb and banks did not call inflation "growth" and if the banks did not steal from the future to support their money theft habit through derivatives.

Personally, I could use a lot more boring and a lot less rent seeking and future stealing elitists and bankers. But heck, if they think it is sooooo important for them to distort the entire balance of the world so that they can feel better about themselves and comfort their fear, then who am I to say that they shouldn't. I really don't care how dark they paint their souls (but I guess I should, eh?)

Am I my banker's (or even demon's) keeper?

Fri, 02/21/2014 - 12:22 | 4462093 derryb
derryb's picture

since they couldn't fix the economy it is important to note that they were fixated on creating the perception that they could.

Fri, 02/21/2014 - 20:50 | 4463813 Crawdaddy
Crawdaddy's picture

Perception management is all they really do. It is all they have ever done.

Fri, 02/21/2014 - 12:22 | 4462096 Fix It Again Timmy
Fix It Again Timmy's picture

A banker with a PhD doesn't work, he just collects a paycheck.  "What, me work?"   Has a professor with a PhD ever solved a pressing problem?....You've got to be kidding...

Fri, 02/21/2014 - 12:24 | 4462105 Critical Path
Critical Path's picture

Indeed...

 

There goes the credibility....

Fri, 02/21/2014 - 12:30 | 4462126 Johnny Cocknballs
Johnny Cocknballs's picture

To ravage, to slaughter, to usurp under false titles, they call empire; and where they make a desert, they call it 'watching closely'.

linguistic, economic and monetary sophistry and pharisaism at its finest...

Here are five characteristics for which the Pharisees were rebuked. ... First, they may not practise what they preach. Secondly, they may be unwilling to undertake themselves what they prescribe for others. Thirdly, they may love to show off. Fourthly, they may revel in honorific titles and in being paid respect. Finally, they may misunderstand ministry - They may see it less as an opportunity for service than as a sphere of management or a chance to gain recognition {or power or wealth}.


Fri, 02/21/2014 - 12:40 | 4462150 Flakmeister
Flakmeister's picture

Funny how you always revert to the same old tired memes...

I bet you would have tripped over yourself to volunteer for the Einsatzgruppen if you had had the chance to... 

Fri, 02/21/2014 - 12:46 | 4462160 Johnny Cocknballs
Johnny Cocknballs's picture

Funny how you always revert to the same old tired memes...

back atchya, dummy.

We can't use 'pharisaism' now?  I bet you think 'niggardly' is too racist for dictionaries.

Cunt.

Fri, 02/21/2014 - 12:48 | 4462177 Johnny Cocknballs
Johnny Cocknballs's picture
  • Auferre, trucidare, rapere, falsis nominibus imperium; atque, ubi solitudinem faciunt, pacem appellant.
    • Translation: To ravage, to slaughter, to usurp under false titles, they call empire; and where they make a desert, they call it peace. Oxford Revised Translation (at Project Gutenberg) [3]
    • Translation: They plunder, they slaughter, and they steal: this they falsely name Empire, and where they make a wasteland, they call it peace. — translation Loeb Classical Library edition
    • Translation: To plunder, butcher, steal, these things they misname empire: they make a desolation and they call it peace. — translation by William Peterson
    • More colloquially: They rob, kill and plunder all under the deceiving name of Roman Rule. They make a desert and call it peace.
    • At the end of chapter 30.
    • This is a speech by the Caledonian chieftain Calgacus addressing assembled warriors about Rome's insatiable appetite for conquest and plunder. The chieftain's sentiment can be contrasted to "peace given to the world" which was frequently inscribed on Roman medals. The last part solitudinem faciunt, pacem appellant (they make a desert, and call it peace) is often quoted alone. Lord Byron for instance uses the phrase (in English) as follows,
      • Mark where his carnage and his conquests cease!
        He makes a solitude, and calls it — peace.
        • Lord Byron, Bride of Abydos (1813), Canto 2, stanza 20.

https://en.wikiquote.org/wiki/Tacitus

Fri, 02/21/2014 - 13:05 | 4462240 Flakmeister
Flakmeister's picture

Hey, I ain't the one looking for Jews to blame everywhere....

The hate always come through...

Look in the mirror buddy...

Fri, 02/21/2014 - 13:21 | 4462293 Johnny Cocknballs
Johnny Cocknballs's picture

still talking about The Jews Flak?  See, I wasn't.

 

I think you're projecting.  Seek help.

Fri, 02/21/2014 - 13:47 | 4462337 Flakmeister
Flakmeister's picture

Check the transcript, it sure wasn't me that brought up the Pharisees.....

 

Fri, 02/21/2014 - 14:20 | 4462538 Johnny Cocknballs
Johnny Cocknballs's picture

by your twisted logic, since some Germans were Nazis, hating the Nazis {for their actions and ideologogy} is equivalent to "hating Germans."

Pharisaism of course comes from the tenets and practices of the ancient Pharisees. Jesus spent a lot of time criticizing them for, in essence, their ethical formalism and hypocrisy - form/ritual over susbtance.  But by your logic, Jesus of Nazareth was just a "self hating Jew" - not a guy calling bullshit on hypocrisy and hairsplitting and, oh yeah, supremacism.

Yeah let's look at the game tape - you keep bringing up "the jews" in posts where they aren't referenced, simply in order to fulfill Godwin's Law.  Your homophobia isn't quite in keeping with your thought policing and sham decency, you know.  Just a tip. You must really hate Harvey Fierstein, don't you, Flake?  Probably afraid you'll catch "the AIDS" if you watch one of his movies, eh?

Really - you should seek help.  It's one thing to make a politically incorrect comment now and then, but you seem to really have an unhealthy obsession with minority groups and appearing, in Munchausen by proxy-like fashion, like some sort of moral arbiter.

Anyones ever tell you that you might be borderline?  I bet you have a schizophrenic cousin. Vivid fantasy life?  Play a lot of D&D as a kid by chance?   Delusions of adequacy is not in the DSM-IV but you present a strong case that it should be.

 

Are you afraid Harvey Fierstein is going to capture you one day, and turn you Jewish and homosexual?  Why would this be so bad, Flake?

 

 

Fri, 02/21/2014 - 14:40 | 4462616 Flakmeister
Flakmeister's picture

In case you haven't noticed, no one is listening to you...

Fri, 02/21/2014 - 12:35 | 4462135 adr
adr's picture

Is this like when my wife rambles on for an hour and acuses me of not listening because I failed to pick out the three relevant words out of 3000?

To a casual observer it might seem that she actually had a lot to say of value.

Fri, 02/21/2014 - 20:55 | 4463828 Crawdaddy
Crawdaddy's picture

Nah - you are safe. You didn't miss anything. If it is important she will repeat it three times anyway.

Fri, 02/21/2014 - 12:36 | 4462138 Johnny Cocknballs
Johnny Cocknballs's picture

I know you guys don't always want to click on youtube links, but I promise you, this one is worth it.  I'll swear on...  The  Precious!

 

https://www.youtube.com/watch?v=YIt9n-3kkIA

 

We need to get shim on the FOMC, immediately. 

 

 

Fri, 02/21/2014 - 13:03 | 4462230 Atomizer
Atomizer's picture

Is that you in the video Johnny? That's fucked up. Need to take a shower, only lasted 15-20 seconds before I began to vomit. A man retransformed into a woman is beyond words to describe. Heaves again.

Fri, 02/21/2014 - 13:20 | 4462289 Flakmeister
Flakmeister's picture

Only twisted fucks like Johnny watch and post that kind of stuff...

The hate always comes through... the mask always falls away, they can't help it...

Fri, 02/21/2014 - 13:24 | 4462300 Johnny Cocknballs
Johnny Cocknballs's picture

so you're a homophobe and an antisemite, Flak?  Wow.  I guess I don't need to ask how you feel about African Americans.

Meanwhile, had you listened, rather than judged with your hate - you might have conceded that a lot of solid economic points were made by shim.

But I guess for you, the analysis just stops at the cover of the book.

 

Honestly, what made you this way?

Fri, 02/21/2014 - 13:28 | 4462322 Flakmeister
Flakmeister's picture

Yawn... 

Fri, 02/21/2014 - 13:46 | 4462397 Atomizer
Atomizer's picture

Honestly, what made you this way?

 Life begins in the vagina, not the poop hole. Simply a biological fact.

Fri, 02/21/2014 - 14:22 | 4462550 Johnny Cocknballs
Johnny Cocknballs's picture

"Life begins in the vagina"

Not a guy whose come across a cervix, I'll bet.

Now, I don't care who you are - that's punny.

Fri, 02/21/2014 - 14:57 | 4462671 Atomizer
Atomizer's picture

If you’re metro flake male, the last time you saw a vagina is when your mother pushed you out. Do we push heterosexual publically correct expectations on you?  

 

Why do you ask us to accept your non-traditional ways by attempting to create a future society individual with artificial anal insemination? Answer: ObamaCare to provide you all free long term treatments to cover the unconventional sexual vises in fucking your poop hole partner.

 

Thats a wrap up on ACA insurance coverage.

Fri, 02/21/2014 - 23:04 | 4464151 Johnny Cocknballs
Johnny Cocknballs's picture

No, shit for brains, I'm into Asian chicks with big titties, but that doesn't mean I hate a fella because what does it for him is the cock.  First, it's none of my business, second, so long as no one's getting hurt - it's free fun.  Take the cock if that's a fun night for you, it's what it's there for.

Why don't you and Flake Mistress take your fag bashing shit on the road together.  Have a nice Brokeback Mountain moment after a night of whiskey and epiphanies?

It's a cliche, but cliche's get to be cliches because homophobic cunts like you two are repressing and end up projecting your shame and hating someone because of who they like to fuck.

 

Fuck your bible, fuck your obvious ignorance, and fuck you, ya dumb fucker.

 

Sat, 02/22/2014 - 11:07 | 4464835 Atomizer
Atomizer's picture

Hello Lamecherry. This was too easy.

Fri, 02/21/2014 - 15:03 | 4462691 akak
akak's picture

 

 Life begins in the vagina

Actually, I do believe that life begins in the uterus, not the vagina.

Unless, of course, one is simply a dick.

Fri, 02/21/2014 - 15:22 | 4462758 Atomizer
Atomizer's picture

Hmmm. you have to put a dick in the vagina to send the sperm into uterus. Did you miss that day in school?

Fri, 02/21/2014 - 23:01 | 4464141 noless
noless's picture

Don't bother getting caught up in this bullshit, its futile.

Sun, 02/23/2014 - 06:38 | 4467451 MeelionDollerBogus
MeelionDollerBogus's picture

Mostly true, except... http://www.healthcentral.com//common/images/9/9288_10453_5.jpg

I can't tell you how many times in the last 5 months randomly the word "entopic" popped in my head for no reason. And I even forgot what it meant. Until right now.

Coincidence ... it's a funny thing.

Sun, 02/23/2014 - 06:35 | 4467448 MeelionDollerBogus
MeelionDollerBogus's picture

irrelevant.

The video wasn't an invitation for you to mess with a poop hole.

The video was, flatly, a decent audio commentary of economic truth, and something visually that burned my eyes with searing pain, but hey, I'm used to putting videos on audio only & reading the hedge, so that seemed to solve the problem.

It's not like Mister Yellen is any better looking.

Fri, 02/21/2014 - 13:50 | 4462408 pashley1411
pashley1411's picture

How is the Fed any different than any other government agency?   Hayek's observation that governments only make decisions on political considerations, and political considerations includes whether to use "the" or "and" in a PR statement. 

Come'on, anything else is wishful thinking.

Sun, 02/23/2014 - 06:33 | 4467447 MeelionDollerBogus
MeelionDollerBogus's picture

Bob... had bitchtits.

You never know when testicular cancer will strike.

Hold on, I need to find my power animal. And punch him in the fuckin' face. If you can't trust your power-animal to poke your eyes out in advance, who can ya trusts, I asks?

 

Fri, 02/21/2014 - 12:38 | 4462144 Rising Sun
Rising Sun's picture

 Released five plus years later.

 

Nice fucking job.

 

FUCK YOU BEN!!!!!!  ROT IN HELL!!!!!

Fri, 02/21/2014 - 12:44 | 4462162 El Hosel
El Hosel's picture

What credibility?

Fri, 02/21/2014 - 12:59 | 4462215 optimator
optimator's picture

Released to us that is.  "They" had the details for 5 years to profit on.  By the way, you can see why they never have their meetings on Saturday!

Fri, 02/21/2014 - 12:43 | 4462157 whatthecurtains
whatthecurtains's picture

Marketwatch made a word cloud from the transcripts. The words "Think" and "Inflation" stand out. https://scontent-b-lga.xx.fbcdn.net/hphotos-ash3/t1/1661295_101520190898...

Fri, 02/21/2014 - 12:50 | 4462184 Creepy Lurker
Creepy Lurker's picture

The word "going" is pretty prominent too.

Fri, 02/21/2014 - 12:53 | 4462191 LordAarioc
LordAarioc's picture

SO, this Sums up Fed Speak in a few paragraphs. Utter complete BULLSHIT spewing from their mouth that has no relevence to solving the problem of the Market Collapse. Indeed there goes ALL their credibility.

Fri, 02/21/2014 - 13:59 | 4462438 hangemhigh77
hangemhigh77's picture

why wud they solve something they created and they benefit from? Rome is burning but THEY set the fire because they have all the marshmellows.

Sun, 02/23/2014 - 03:42 | 4467329 ThroxxOfVron
ThroxxOfVron's picture

"Rome is burning but THEY set the fire because they have all the marshmellows."

Somehow this statement, absurd on it's face; almost perfectly sums up the whole abominable episode.

Hangin's too good for them.

 

Fri, 02/21/2014 - 12:59 | 4462216 Shizzmoney
Shizzmoney's picture

The theme for these minutes was [laughter].

I guess it's better than the 2007 minutes, which took Dylan Ratigan forever in terms of persistence and constant prodding to aquire.  

Of course, 90% of them were redacted.  And all we found out was that as the financial system was imploding, Ben Bernanke ordered the Chicken Cobb Salad for lunch

Fri, 02/21/2014 - 13:02 | 4462229 lasvegaspersona
lasvegaspersona's picture

dammit people Bernacke was right ....it IS an adverb!!!

....and people say such unkind things about this man of high garaamerical skills....sad...ly

Fri, 02/21/2014 - 13:09 | 4462253 Shizzmoney
Shizzmoney's picture

Ice Cube put it best: Everything's Corrupt (and everything's fucked up)

http://www.youtube.com/watch?v=f3YDxuIs-qk

Fri, 02/21/2014 - 13:23 | 4462297 knowshitsurelock
knowshitsurelock's picture

I have it on some really good intel from "sources" who have channeled some of the benevolent dimensional beings who are hierarchically in positions of power with some of the stellar Galactic Councils, who have indicated via vetted and sincere third dimensional humans, that in fact, when you take into consideration the intents as well as the trajectories of all of the available timelines, and you juxtapose that against the cosmic energetic signature of the incoming frequency waveforms which are now coalescing with the current resonance inherent in 3rd dimensional physical realities, divide that by the golden mean ratio and the Precession of the Equinoxes and align that with the Galactic Core in the binary star system of the Central Sun, and extrapolate through your higher self consciousness the frequency and resonance and the tone and timbre you are receiving from your heart center and your soulstream spiritual empathic etheric nature, you may be able to triangulate the information here at Zerohedge and generate a hypothesis, which is inherently able to contain any obfuscations and adverse anomalies from arising, which may attempt to distract you from the core context of this material, and provide verification relative to the veracity and validity of the hypothetical scenario which is being postulated, as the most probable and highest and best outcome available to the collective consciousness which is permeating the divine matrix, rendering such signals to be transmitted and transmuted in the subjective subconscious, thus imbedding such signals into the ego consciousness and triggering the super conscious mind and that which comes from the core essence of your being and all that is one, for necessary context to awaken and arouse the curiosity of those who would otherwise find this information inhospitable, or non palatable. 

Fri, 02/21/2014 - 13:36 | 4462348 shovelhead
shovelhead's picture

^ Needs to work for the FED.

Ya know, to elevate the trans-dimensional conversation.

Fri, 02/21/2014 - 14:30 | 4462581 akak
akak's picture

Alan Greespan on acid?

Sun, 02/23/2014 - 05:56 | 4467429 MeelionDollerBogus
MeelionDollerBogus's picture

oh my goshings, the 'entire' galaxy is blobbing up!

We are not having 'enough' roadsides for this shit.

Fri, 02/21/2014 - 13:23 | 4462298 Flux
Flux's picture

Anyone find this quite funny?

Yes, I know the end of the world is nigh, and I"m a little behind on my canned goods, gold, and ammo hoarding, but I lol'd.

*shrug*

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