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"We're Out Of Yellow Bricks"

Tyler Durden's picture




 

Maybe Yellen can print some moar...

 

 

Source: Townhall.com

 

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Sun, 10/18/2015 - 16:28 | 6682683 Belrev
Belrev's picture

What is the definition of yellow in today's America?

Sun, 10/18/2015 - 16:30 | 6682688 Stainless Steel Rat
Stainless Steel Rat's picture

This image is ALL wrong.  Michelle wears the gloves.

Sun, 10/18/2015 - 16:37 | 6682701 Beam Me Up Scotty
Beam Me Up Scotty's picture

Just keep paving the road with all of those paper gold bricks.  We'll never run out of those.

Sun, 10/18/2015 - 16:39 | 6682712 logicalman
logicalman's picture

If you tried to print dollar bills to cover the world's derivitives, I think you might run out of trees!

 

Sun, 10/18/2015 - 16:48 | 6682739 JamesBond
JamesBond's picture

This political cartoon is a keeper.  Put it in the valut for future generations to find.  It explains our demise consisely.  

Sun, 10/18/2015 - 17:15 | 6682798 Soul Glow
Soul Glow's picture

Especially when history shows those yellow bricks to be tungsten.

Sun, 10/18/2015 - 18:44 | 6683070 J S Bach
J S Bach's picture

"So, goodbye, Yellen brick road...

where the dogs of Wall Street howl."

Sun, 10/18/2015 - 17:45 | 6682879 AGuy
AGuy's picture

"If you tried to print dollar bills to cover the world's derivitives, I think you might run out of trees!"

The way things of going, the might also run out of electrons if the choose an electronic payment system instead.

 

Sun, 10/18/2015 - 17:48 | 6682887 Billy the Poet
Billy the Poet's picture

TRILLION DOLLAR COIN!

Da-da-dum.

Sun, 10/18/2015 - 18:03 | 6682932 bombdog
bombdog's picture

That's a fine idea my friend. I'd like to offer you a tenure at Princeton.

Sun, 10/18/2015 - 16:39 | 6682713 negative rates
negative rates's picture

It violates the basil agreement so won't fly overseas.

Sun, 10/18/2015 - 17:49 | 6682891 Billy the Poet
Billy the Poet's picture

And we're running out of thyme.

Sun, 10/18/2015 - 18:13 | 6682954 Midas
Midas's picture

You sir, are a sage.

Sun, 10/18/2015 - 18:32 | 6683023 Billy the Poet
Billy the Poet's picture

You've got a cumin of your own, my friend.

Sun, 10/18/2015 - 21:34 | 6683701 fencejumper
fencejumper's picture

If I possesed more acumen I'd have digested that one earlier - Bravo, Billy!

Sun, 10/18/2015 - 18:22 | 6682977 negative rates
negative rates's picture

Speak for yourself, I got plenty of herbs.

Sun, 10/18/2015 - 19:08 | 6683178 fencejumper
fencejumper's picture

Even Basel?

Sun, 10/18/2015 - 19:28 | 6683261 MissCellany
MissCellany's picture

Dang, I could go for some good herb myself right about now.

Sun, 10/18/2015 - 18:23 | 6682985 colddirt
colddirt's picture

that IS Michelle.......

Sun, 10/18/2015 - 16:37 | 6682707 logicalman
logicalman's picture

Wavelength = 570 nm

Sun, 10/18/2015 - 17:50 | 6682742 The_Dude
The_Dude's picture

Don't worry...they'll just try to keep paving it with the bones of you 'extremists'!

Sun, 10/18/2015 - 16:55 | 6682753 Cornfedbloodstool
Cornfedbloodstool's picture

Can anyone believe that monkey is the president of the USA. I can't.

Sun, 10/18/2015 - 17:26 | 6682834 jeff montanye
jeff montanye's picture

reelected like the chimp before him.  the two worst presidents in history.and we got them back to back.

Sun, 10/18/2015 - 18:39 | 6683053 cpnscarlet
cpnscarlet's picture

Bush was just an idiot. LBJ took the silver away. So let's say (worst to least worst) -

Obongo

LBJerk

Peanut

Baby Bush

Caligula

Tricky Dick

Spymaster

Marilyn's Boyfriend

Football Hero

Dutch

Sun, 10/18/2015 - 17:08 | 6682787 rejected
rejected's picture

Marty McFly.

Sun, 10/18/2015 - 17:37 | 6682859 LoneStarHog
LoneStarHog's picture

With what is about to happen with the global economy - especially here in the USSA - Muricans will be shitting bricks...Obozo needs another of his worthless Executive Orders demanding that people start adding YELLOW FOOD DYE to their diets...Problem solved using Murican ingenuity.

Sun, 10/18/2015 - 20:25 | 6683453 toady
toady's picture

Teeth? 

Sun, 10/18/2015 - 16:32 | 6682694 Belrev
Belrev's picture

Obama on his knees. Spot on.

Sun, 10/18/2015 - 17:34 | 6682853 dogbert8
dogbert8's picture

. . . on his knees beholden to the Fed; appropriate.

Sun, 10/18/2015 - 16:42 | 6682721 wisebastard
wisebastard's picture

Road From Prosperity ...................its all down hill baby.............

Sun, 10/18/2015 - 16:54 | 6682746 Soul Glow
Soul Glow's picture

It's not that Yellen prints yellow bricks, she just leases them to China at $42/oz.

Sun, 10/18/2015 - 17:28 | 6682838 jeff montanye
jeff montanye's picture

$42 is to $1200 as $1200 . . . .

Sun, 10/18/2015 - 16:53 | 6682748 bombdog
bombdog's picture

They ran out of yellow bricks in 1971, been papering their way to prosperity ever since.

Sun, 10/18/2015 - 17:02 | 6682768 KingTut
KingTut's picture

Of course, The Wizard of OZ, is a elaborate monetary allegory in support of the gold standard.  Oz stands for ounces and the yellow brick road literally referred to bricks of gold being the path to proserity.  

Sun, 10/18/2015 - 17:03 | 6682771 Soul Glow
Soul Glow's picture

And Dorothy's slippers were silver in the book too.

Mon, 10/19/2015 - 01:01 | 6682899 Billy the Poet
Billy the Poet's picture

The Tin Man is labor, the Scarecrow is the farmers and the Cowardly Lion is William Jennings Bryan (See: Crucified on a Cross of Gold) or so I've been told.

Notably, the Wizard can only fulfill his promises to the three with paper or trinkets: a testimonial, a diploma, a tin medal.

Sun, 10/18/2015 - 17:31 | 6682848 Bastiat
Bastiat's picture

It was in support of bi-metal and against a pure gold standard, I believe. 

Sun, 10/18/2015 - 21:42 | 6683580 maxwellsdemon
maxwellsdemon's picture

Correct. It is believed that Frank Baum wrote 'The Wizard of Oz' in the 1890s, in support of remonetizing silver; in the book, Dorothy's shoes are siliver colored.  MGM changed this to ruby red supposedly because red looked better than silver on the screen, but perhaps the filmaker was concerned that the audience would have caught on to the allegory back then during the 1930s depression.  Baum meant to show that Dorothy's SILVER shoes which she always had access to would take her where she wanted to go; following the yellow brick road to the Emerald City (green, paper currency, or banknotes) where a charlatan hid behind a curtain and only appeard powerful, represents the private banker who issues credit, essentially your own labor back to you with interest.  The wicked witch of the West and East wore GOLD hats; the Bank of America was the Wicked witch of the West and the Wall Street banks were that of the East, 

The 'crime of 1873' occured when Grant signed Senators's Sherman's bill that allowed creditors to determine wheter to take gold or silver as payment for debts.  Because farmers used silver coins the bankers saw a way of grabbing most of the farmland West of the Missisippi.  Frank Baum was a reporter for a Chicago newpaper and a 'silverite', which was a political faction to remonetize silver; it was was composed mostly of midwest farmers and industrial workers which was headed by William Jennings (this famous orator said something like "you shall not crucify me upon this cross of gold" at a famous gathering; he was placed by Wilson as secretary of state to fooll the plebes while he planned to institute the criminal federal reserve.  The deflation that occured as a result of demonetizing silver and by the banks creating a deflation in the US and Europe (by refusing to issue new loans or charging excessive interest) during that time led to the longest stretch of economic hardship that has occured even to this day.   The top 0.001% began during this time and have ruled ever since; only for a short time when the US labor movement was powerful could the middle and lower classes progress.

General Sherman destroyed the South but Senator Sherman, his brother, destroyed the rest of the country.  There was a single sentence (I think on page 35) of the coin act written by Sherman, where the creditor had the choice of taking silver or gold.   It didn't say the creditor couldn't take silver, just that he didn't have to, but the bankers all agreed not to take silver and the famers and small industrialists went bankrupt; they were absorbed into large industrial concerns financied by the Rothschilds and their ilk and democracy was replaced by oligarchy.

There are many free pdf's from the late 1800s concerning the issue of remonetizing silver.  Examples (my favorite is Coins financial school" by Harvey:

https://books.google.com/books?id=6iYMAQAAIAAJ&printsec=frontcover&dq=coins+financial+school&hl=en&sa=X&ved=0CEQQ6AEwBGoVChMI1MKXk6rNyAIVQhweCh1P3wm1#v=onepage&q=coins%20financial%20school&f=false

 

https://books.google.com/books?id=NDE5AAAAMAAJ&printsec=frontcover&dq=coins+financial+school&hl=en&sa=X&ved=0CDMQ6AEwAWoVChMI1MKXk6rNyAIVQhweCh1P3wm1#v=onepage&q=coins%20financial%20school&f=false

https://books.google.com/books?id=mVTnAAAAMAAJ&pg=PT134&dq=remonetizing+silver&hl=en&sa=X&ved=0CDEQ6AEwAmoVChMIpML_06jNyAIVQ5IeCh2phAY-#v=onepage&q=remonetizing%20silver&f=false

 

Another issue was the US government calling in all the interest free greenbacks so that they would no longer circulate; the idea that the US governemt could issue it's own debt free currency scared the london banks to such a degree that this was actually published in the London Times during the Civil war:

http://whatreallyhappened.com/WRHARTICLES/LKO.php

“If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all coun­tries will go to North America. That govern­ment must be destroyed, or it will destroy every monarchy on the globe.”

 

According to Bill Still, the amount of money per person that circulated was about 50 dollars in 1865 (silver, gold, greenbacks, bank notes) but the by 1895 it had been reduced to only 5 dollars per person in circulation.  That was a time of tremendous deflation of prices and corresponding increase in the purchasing power of gold, thus explaining the rush for gold around the world during that time

Mon, 10/19/2015 - 00:47 | 6684105 MEFOBILLS
MEFOBILLS's picture

Silver would be considered exogenous money, as it came out of the ground and outside of the debt banker money system.  Monetizing silver effectively would act the same as treasury money, as it cycled in money supply to then pay off banker debts.

In effect banks could not easily debt spread if silver was monetized.  Debt spreading to increase money supply, and then calling loans to depression is too much power for private corporations, and they then control society.

Greenbacks were also treasury money, exogenously created by Treasury.  Their action and effect in money supply would be the same as silver.  Only their drag on cost on society would be lower, as there would not be wasted effort digging in the ground for metal.

Money can be any physical material, but the main facotr is that its volume should be controlled by law, and it should flux in accordance with the needs of transaction, savings, and industry.

I believe the green glasses and green colors were alegory for treasury greenbacks, not banker money.  I could be wrong - hard to get into Baum's head.

American Banker Assoication has documents from this time period, indicating that Rothschild bankers wanted to jump in and buy up distressed farm property for cheap. 

The mechanism is first to create a bubble and people hypothecate their lands, then later call loans, disappear the money supply, and debtors then show up to swap their property to cancel debts.

The idea was to transfer southern property back to banker control, especially Rothschild control.  They had lost out in Civil war and were unable to get their way (returning south to an European colony)- especially as Russia's Tsar had thwarted them.

Mon, 10/19/2015 - 02:05 | 6684162 bid the soldier...
bid the soldiers shoot's picture

+ 10 for omitting William Jennings Bryan's last name

+ 10 for forgetting that it was called the Cross of Gold speech, wherein Bryan said  "You shalt not crucify mankind on a cross of gold."

we
shall answer their demands for a gold standard by
saying to them, you shall not press down upon
the brow of labor this crown of thorns. You shall
not crucify mankind upon a cross of gold.

Bryan's address helped catapult him to the DemocraticParty's presidential nomination; it is considered ***one of the greatest political speeches in American history.***

+ 10 for calling the Democratic Party"s Convention of 1896 "a famous gathering."

+ 10 for pretending you didn't know all that stuff.

http://www.authentichistory.com/1865-1897/4-1896election/19230703_Cross_...

 

Sun, 10/18/2015 - 17:17 | 6682800 Lmo Mutton
Lmo Mutton's picture

Operation Blue Beam maaaaan.  We can make that road roll over golden hills into the sunset.

Sun, 10/18/2015 - 17:19 | 6682809 Seasmoke
Seasmoke's picture

Lots of countries still left to bomb. And then take theirs.

 

Seriously. I don't understand why they don't just raise the price to $50,000USD. Wouldn't a lot of problems be taken care of by this simple Reset ??????

Sun, 10/18/2015 - 17:29 | 6682842 tuttisaluti
tuttisaluti's picture

They can't,  too many little guys would get rich. No way.

Sun, 10/18/2015 - 19:23 | 6683237 Acidtest Dummy
Acidtest Dummy's picture

Little guys like the women of India.

Sun, 10/18/2015 - 17:30 | 6682844 jeff montanye
jeff montanye's picture

if knox still had 8,000 tons it would help.  however

Sun, 10/18/2015 - 18:19 | 6682966 negative rates
negative rates's picture

Nope, that won't do it, you see, this country doesn't have any gold, and we can't afford to pay foriegners more than the going rate or we would have to magicly come up with the difference in dollars that we don't have.

No the problems must be eliminated physcially and begun again, like a born christen, unfortunately you are not among those born agains, and as such won't have a chance to be another problem, that's when the cure gets it's chance at a fair shake, see things more clearly now?? You see, hope is doomed, and all those who contributed to it go with that doom. Won't be long now.

Sun, 10/18/2015 - 18:35 | 6683035 Sudden Debt
Sudden Debt's picture

Nop, tHat would be a problem.

A massive one.

If gold would be at 50.000 a lot of countries would want to sell their gold for that price.

But that gold is gone so suddenly, it would be a problem.

And America would have to pay at face value and would be in hyperinflation in a second.

And also, there would be so many dollars sucked up into it that before that hyperinflation, like a tsunami, that would first be a 99% deflation bomb followed by the inflarion bomb.

No way the economy would survive that, let alone the country.

So if you're a American, you really don't want that, even if you own gold. You would need to leave the country and convert in a other currency asap and that won't work for you anymore once the price starts to move up.

 

If you own gold, and prices go up like that, you may never sell but wait untill everything is destroyed. Then you come out and with the currency most favorite and the money from you're gold you buy assets.

If you would sell at 50.000, the next day those 50k would be worthless.

Sun, 10/18/2015 - 17:52 | 6682896 dot_bust
dot_bust's picture

And in other news:

China launches global yuan payment system
https://www.rt.com/business/318103-china-payment-system-yuan/

Sun, 10/18/2015 - 18:19 | 6682969 I Write Code
I Write Code's picture

Maybe a golden rain will fall.

Sun, 10/18/2015 - 18:29 | 6683006 Sudden Debt
Sudden Debt's picture

Here, yellow bricks are part of the fantasy story. They don't refer to gold as it should be.
People really don't understand why gold is important.
People don't understand why wars have been faught for it.

Sun, 10/18/2015 - 18:32 | 6683019 83_vf_1100_c
83_vf_1100_c's picture

  I know the answer! You need a crew back where you started building the road pulling up bricks. Ship them up to the front and re-lay them. That is where the cameras and no one who matters is back at the rear.

Sun, 10/18/2015 - 20:04 | 6683379 honestann
honestann's picture

Hahaha.  Excellent message.  And indeed, that is precisely how the predators-that-be operate, literally, directly, indirectly and metaphorically.

Sun, 10/18/2015 - 19:15 | 6683211 milking institute
milking institute's picture

Interesting history and symbolism of the yellow brick road (the original movie)  We allways remember it as a childrens fairy tale but it was a much more!   http://www.wnd.com/2012/08/follow-the-economic-yellow-brick-road/

Sun, 10/18/2015 - 19:18 | 6683220 Temerity Trader
Temerity Trader's picture

We accuse Russia of being a corrupt oligarchy, but refuse to look in the mirror. We are world’s biggest oligarchy and they and the Fed bank, own the congress. The wealthy start wars for profits and then get mad when any other country dares to challenge our “exceptionalism”. I would vote for Putin before I would vote for Hillary or Jeb. At least he know what needs to be done, and does it. The Neocons are mad at him for the Crimea grab, but we can start coups all over the world to “spread democracy.” We invade and never leave. We have caused problems all over the world, far more than Russia has.

We need to leave the countries we have occupied since WWII, and let Russia and China deal with all the world’s problems. Let them die instead of us. Cut our government by 30% and cut all entitlements too. More debt will not make us prosperous, nor will more wars and occupations. Time for change we can believe in ! TRUMP!

Sun, 10/18/2015 - 19:49 | 6683334 FedFunnyMoney
FedFunnyMoney's picture

Just use the gold plated tungsten ones. You know, the ones from Fort Knox.

Sun, 10/18/2015 - 21:26 | 6683673 InnVestuhrr
InnVestuhrr's picture

They are lead - tungsten is very expensive, especially in large bricks.

Sun, 10/18/2015 - 21:23 | 6683661 hannah
hannah's picture

i read somewhere that a midget tried to hump dorothy's leg.....?

Sun, 10/18/2015 - 21:27 | 6683674 milanolarry
milanolarry's picture

Actually, they are out of yellow bricks in Comex and LMBA.

Mon, 10/19/2015 - 00:30 | 6684086 MEFOBILLS
MEFOBILLS's picture

 

Why have a debt based system at all.  It's an incredibly stupid system.

Bankers get to hypothecate new credit based on new debtors signature.  That is a huge slight of hand MAGICK trick.  It is a con game.

Then the banker gets to hold a debt instrument against society.  He has inserted himself in the relations of humans as a parasite.  He then makes money from money.  Banks are the money factory, and the type of money they make does not comport the real needs of an economy. Banker can then on sell the instrument into markets, thus making debtor a price slave to be bought and sold.

Think carefully about this:  Human's evolved to have bilateral relations with each other.  We are individual actors who act with others in handshaking high trust agreements.  

But, if a hidden hand, or agent is in between us, then we are diminished.  This agent is a parasite, that makes us think it is necessary to function.  It is not necessary, it is more like a tumor,  that sucks up real economic activity through rents.  Creating new keyboard credit is not worth the usury paid for it.  A house mortgage (death) pays the banker usury up front on the note, and he then gets to hold it and spend as he sees fit.  Only at end of loan does the principle start to decline.  The usury on a long time line mortgage can double or triple the cost of original principle.  It is a lie and myth that credit formation of this type has time value.

Time value on money was codified at school of Salamanca, populated by Jewish thinkers.  As usual, members of the tribe promulgate lies - almost as if their brains are a lie manufacturing center.  In those days, gold was money and represented wealth, so it could be argued that it had some time value, but it sure as hell should not claim double or tripple back in returns - that is usury.  Where was the schools discussion on this mode ... nowhere.  Let's keep monetary secrets as secrets for centuries, so the sheeple will not know they are being hosted.

What really should happen is that your neighbor should have savings in a bank.  The bank should then intermediate these savings when he gives you a loan.  In this way, your neighbor is creditor and you are debtor.  Banker is only an agent who finds creditors and debtors and allows them to do business.

Bankers in a real money system DO NOT MANUFACTURE NEW CREDIT as money.   They intermediate existing only existing money.

A money supply in  a real money system is NOT A DEBT spreading money system.  Debt instruments are still created, but there is money already available in supply to pay off debts.  This money already in supply relates to industry and goods and services production, as it should.

Only a sovereign money system can allocate money and credit properly.  Since the money supply is already filled, then people get to use it.  Ironically, though the name is "sovereign' the money supply is mostly owned by citizens as a permanent inheritance.

Don't read into it, that it is some sort of fascist government control system.  It is a freedom system that has a wealth money type that doesn't disappear.

Until the money system is changed, the shit show will continue.  Man will not evolve, he will devolve.

www.sovereignmoney.eu

Mon, 10/19/2015 - 01:10 | 6684126 MedTechEntrepreneur
MedTechEntrepreneur's picture

A "community organizer" as President....  Bahahahahahahahahahha....god people are S T U P I D.

Mon, 10/19/2015 - 02:18 | 6684177 bid the soldier...
bid the soldiers shoot's picture

Other Oz Books

By L. Frank Baum

1. The Wonderful Wizard of Oz (1900)

2. The Marvelous Land of Oz (1904)

3. Ozma of Oz (1907)

4. Dorothy and the Wizard in Oz (1908)

5. The Road to Oz (1909)

6. The Emerald City of Oz (1910)

7. The Patchwork Girl of Oz (1913)

8. Tik-Tok of Oz (1914)

9. The Scarecrow of Oz (1915)

10. Rinkitink in Oz (1916)

11. The Lost Princess of Oz (1917)

12. The Tin Woodman of Oz (1918)

13. The Magic of Oz (1919)

14. Glinda of Oz (1920)

Obviously he had a lot to say about things  other than gold and silver.  :o)

Mon, 10/19/2015 - 05:25 | 6684302 Panic Mode
Panic Mode's picture

"We've run out of yellow bricks".

We can still pave with tungsten and lead bricks all the way towards the cliff.

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