One Reader Tried To Get The Recording Of Yellen's "World-Saving Phone Call"; This Is What The Fed Replied

Tyler Durden's picture

Two weeks ago we showed something striking: while combing through Janet Yellen's recently disclosed daily diary, we noticed that on February 11 and 12, the Fed chair held two critical phone calls, one with BOE governor Marc Carney and the next day, with BOE president Mario Draghi.

 

But what was especially shocking, and the reason why we dubbed them "the phone calls that saved the world", is that the first call took place quite literally the very hour that the market hit its 2016 lows.

 

Zoomed out:

 

We asked if thanks to Yellen's diary we got "the closest glimpse of Keyser Soze the global Plunge Protection Team communication by phone call?" before concluding that "only the NSA knows."

This was not enough for one of our readers who decided to find out more and as a result, he sent a FOIA request to the Fed on the day of the post, in which he requested the audio file or any documentation of the nature of the telephone call between Yellen and Carney and, subsequently, Draghi.

The Fed's response: a resounding "no", for the following reason: "the responsive document contains nonpublic commercial or financial information" and while "the document containing the exempt information was reviewed... no reasonably segregable nonexempt information was found."

Case closed.

  Of course, if the phone contains the information many suspect it does, then the Fed is probably wondering why is someone so naive as to ask how the sausage is made when they can just BTFD and live happily ever after.

More seriously, when the Fed parades around with its "transparency" it clearly has this in mind.

 

But when it comes to truly important things like the content of a phone call that may very well have prevented the market from collapsing, well you better work at Goldman Sachs to get that particular confidential Fed data...

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Cognitive Dissonance's picture

Basically the Fed just told this person (aka 'us') to get the f**k out of here.

<With love though because they do it for the people.>

doggis's picture

YOU MEAN YOU "BEAT" ME BECAUSE YOU "LOVE" ME??

Cognitive Dissonance's picture

It is what every abuser tells the abused as blow after blow rains down.

nuubee's picture

How can a Private, Independent entity like the Federal Reserve hide behind FOIA exclusion? Why would FOI laws even apply to a private entity? I guess the Fed isn't really independent, and requires pseudo-government status in order to occupy it's true position as the worlds biggest crony.

CounterPartyVice's picture

Dear sheeples, matters of the deep state doesn't concern you. Please buy more stocks.

 

Very truly yours.

El Vaquero's picture

OT:  Tylers, something to keep an ear out for:  GOP delegates in CO are claiming that they weren't allowed to vote if they were going to cast their vote for Trump.  If half of the crap that I've heard them say is true, this is going to be a big-ass scandal.  If true, it sounds like their votes would have counted;)

Richard Chesler's picture

YELLEN = Blankfein's Administrative Assistant.

OBONGO = Blankfein's Water Boy.

Stop fighting it,

 End of story.

 

Theonewhoknows's picture
Theonewhoknows (not verified) Richard Chesler Apr 15, 2016 6:48 PM

Clear example of Bubblenomics and how the system is rigged. To save ourselves it would be good idea to have some central bank-proof portfolio and this may be the entry point to actually not sinking with the stock exchange http://independenttrader.org/permanent-portfolio-models-and-their-long-term-roi.html

MillionDollarBonus_'s picture

So many people are getting rich off of stocks while ZHers sit here and complain about ‘manipulation’. Are the CBs buying stocks? If so, who cares! Buying the S&P 500 close to its rising trend line has be a no-brainer strategy for the last five years. It’s literally like having a personal ATM. Some guys are buying with so much leverage, it’s just crazy … and they never get stopped out! Contrast that to gold and silver, which have been deadly over the last couple of years, no doubt costing doomer ZHers a fortune; which is doubly sad given they could have doubled and tripled that money in the stock market, or quintupled it if they’d bought European peripheral bonds in 2012 like I suggested. It’s so weird seeing everyone so pessimistic when stock buyers are cracking open the champagne month after month! Stocks are the gift that just never stops giving – it’s basically a guaranteed investment! 

WHY OUR ECONOMY NEEDS A WORLD WAR III

MillionDollarBonus_'s picture

Here’s just a small sample of my investment recommendations to ZHers, all of which were ignored of course. Just goes to show that the permabears can’t get enough of losing money and never get tired of missing out!

Buying Facebook in May 2012 (170% return): 

http://www.zerohedge.com/news/facebook-indicative-open-45

Buying Bank of America in December 2011 (219% return): 

http://www.zerohedge.com/news/bac-breaks-4-handle-drags-entire-market-down

Buying European peripheral bonds in September 2012 (500% return): 

http://www.zerohedge.com/news/2012-09-28/chart-day-misery-spain-has-never-been-higher

Dame Ednas Possum's picture

Response from 'Mary McCloskey Skanks'.

I guess the peasants just got shanked again I.e. stabbed in the back by a vindictive criminal using an improvised, self-styled weapon.

Omni Consumer Product's picture

But DHS keeps telling me:

"If you haven't done anything wrong, then you have nothing to hide."

Condition 1SQ's picture

You're betting on the government continuing to do something which is obviously not sustainable.  You consider that wise?

bobsmith5's picture

MDB, do you read anything people post in response to your crap?  WE DON'T BUY PM'S TO MAKE A FORTUNE YOU MORON!

We buy PM's because this entire system is a complete fraud, a crooked casino, the biggest lie ever foisted upon mankind.  I don't care what you made from any stock.  I don't care what you might make on any stock in the future.  I will not participate in this financial disaster you call the stock market.  It's dirty money.  It's money based upon a lie.  It's a totally manipulated market.

We buy PM's as financial security, and we know our day is coming.  But, why do I waste my time responding to you?  Actually, I'm not talking to you, I am talking to those who need an answer to the complete crap you write.

Don't forget to put your website at the end of every post, so people know you are real and  not just some genius trying to be the master of satire.

And, you are't getting as many down votes as you should be getting, but maybe it's too early. I know you came here to be infamous and the most hated troll on Zero Hedge, so here are two more down votes to satisfy your lust to be the most hated person ever.

yogy999's picture

Easy bobsmith5....MDB expresses himself/herself in pure sarcasm. MDB understands the fraud even better than you and I.

bobsmith5's picture

yogy999 I beg to differ, MDB is not sarcasm.  Nobody who spends as much time and effort as does MDB on this site is here to be sarcastic or post satire.  MDB's purpose here has been a long time hotly contested debate.  His having a website for me is proof that he is not  here for satire or sarcasm.

I would consider the possibility that he is a government agent here to counter the very strong anti-illegal government sentiment on this website.  If he is, I can tell you that he is failing miserably in converting anyone.  There is a very strange psychological response to MDB on this site.  Some think it's sarcasm and play along giving him up votes.  Others hate him passionately and are much harder on him than I with vicious ad hominem attacks that make me seem mild by comparison.  There are probably a very, very few who actually agree with him. 

Whatever the case, I find no evidence suggesting that is all a big sarcastic joke on Zero Hedgers.

Rodders75's picture

MDB, I think you have bragging rights; well done. What do you like at the moment?

JRobby's picture

I don't think it is just ZHer's MDB. People would like markets they can trade in without "a phone call" or some "leaked information" pushing everything artificially.

This is the fight aspect of Fight Club.

Heterodox economics's picture

I haven't received any good stock tips from Zero Hedge.  

In early Jan of this year I bought Apple stock around the same time Zero Hedge had an article by Tim Knight "Apple in the 70s."  Proof is in the pudding.  After Friday's close, I'm up over 10 percent.

Last summer, I bought JP Morgan Chase stock.   Assorted anti-Chase and anti-Jamie Dimon articles from Zero Hedge since then.  I'm up 8.64%.

Zero Hedge had a recent article about a hedge fund's gains all wiped out this past quarter.  The hedge fund tries to explain their losses away with words, words, words!  I'm outperforming that hedge fund, most money managers, and Cramer so far this year.

Zero Hedge likes to trout out indicators like Schiller's P/E.  A recent article at Seeking Alpha (I don't think I have the permission to reprint) refined that model.    The refined model fits that data better.  Schiller's P/E predics future returns 2.2%, while the riefined model predicts 4.4%.

Zero Hedge has a recent article about an indicator predicting recession.  

I'm thorwing down a challenge:  There will be no recession this year.  Here, recession is defined as two consequtive quarters of negative growth.  We will see if anyone has the cojones to accept my challenge. 

The best indictaor for a receission is if the unployment rate is trending up.  That is not happening now.  Longer explanation here:

http://www.philosophicaleconomics.com/2016/02/uetrend/

 

 

 

 

ebworthen's picture

Yes, exactly, "Fuck off citizens!  We work for Wall Street!"

"Hang 'em high" never more true than now!!!

AGuy's picture

"How can a Private, Independent entity like the Federal Reserve hide behind FOIA exclusion?"

Hmmm. Let's think this through.... Because The Fed is a "Private" company and not apart of the US gov't, thus not subject to FOIA.

 

knukles's picture

The NSA is a public federal agency and thus, their data base should be open for public ....
Aw never the fuck mind.

HRH of Aquitaine's picture
HRH of Aquitaine (not verified) knukles Apr 15, 2016 7:14 PM

Yes, it is an (pun) agency that receives public funds. Hint: now would be a good time for the NSA to leak something.

Urban Redneck's picture

Actions speak louder than words-
The FED responded to an FOIA request in UNDER 2 WEEKS. Incontrovertible proof that the FED is not a .gov/public institution.

Raging Debate's picture

The Private Central Bank known as the 'Fed' is the worlds biggest lobbyist corporate entity. Shut it down, all nations should issue and control its own currency as a Public function. Then such lobbyist cant buy off off and capture the government.

DCFusor's picture

I'll just leave this here.  Henry Rollins "Liar".  CD has it right.

https://www.youtube.com/watch?v=awY1MRlMKMc

o r c k's picture

But the abuser says "Why did you make me hit you ??"

Dr. Spin's picture

I certainly hope you weren't surprised by this Cog.  Here's something interesting:

Humanity is falling into a "behavioral sink".

https://nihrecord.nih.gov/newsletters/2008/07_25_2008/story1.htm

;-D  

HRH of Aquitaine's picture
HRH of Aquitaine (not verified) Cognitive Dissonance Apr 15, 2016 7:12 PM

Jeezus the zip code for Topeka, Kanasa is 66606? Fuck.

Beowulf55's picture

66612 is the Capital Building

 

Now you know where the seat of the Anti-Christ Brownback is located.

 

Kansas is so fucked!

 

CoolClo's picture

And the Earth's tilt is supposed to be 66.6 degrees from horizontal (23.4 degree vertical tilt) and traveling at 66,600 miles per hour around the sun.....

I'm calling the above "facts" BS...

GRDguy's picture

66612? Well, that certainly explains their current governor Brownback. Agreed with above.

arby63's picture

They will feel the wrath of the American people at some point.

old naughty's picture

what exactly is that you think are...

sheeples' feels?

try_it's picture

Start working at home with Google! It’s by-far the best job I’ve had. Last Wednesday I got a brand new BMW since getting a check for $6474 this - 4 weeks past. I began this 8-months ago and immediately was bringing home at least $100 per hour. I work through this link... www.earnmore9.com

ArkansasAngie's picture

What else is there to say but ... this has got to stop.

Masters of the universe they are not.

geeves's picture

"Buy 'em!"

See, no FOIA request required to find out what was said.

The remainder of those 40 minute time slots was spent by Yellen trying to figure out how to dial internationally.

Implied Violins's picture

Really? I thought that they were just talking dirty to each other.

buzzsaw99's picture

fed to peon: fuck off asshole

Lurk Skywatcher's picture

fuck off asshole, and expect a visit from a friend of ours.

Racer's picture

'You may appeal by writing to.... please be advised....delays due to mail processing'

=

Fuck off you peasant you, take it any further and see where it gets you  ROFL our arses off 

 

ghengis86's picture

Fess up; which one of you mooks sent that FOIA?

Dr. Engali's picture

Fuck off worm. We don't answer to anyone, except the Rothschilds.

Edit: The FOIA only applies to government agencies, so there's that.

GeezerGeek's picture

Like the Fed, I try avoiding anything to do with people from a zip code beginning in 666.

stant's picture

Yellen translation " our official stance for britan is stay in the eu" " but you should run like hell"

g speed's picture

--the fed hubris should be rewarded ----

Mr. Schmilkies's picture

What's all this I hear about Janet Yellen's diaryea? 

One-Eyed-Thong's picture
One-Eyed-Thong (not verified) Apr 15, 2016 6:33 PM

FOIA requests do not apply to the Federal Reserve because they are NOT a public NOR a government entity.  It is a PRIVATE corporation owned by FOREIGNERS.

Mercuryquicksilver's picture

Sheesh, do you really think Yellen, Draghi and Carney conspire directly over the phone? And then time stamp the conspiracy?