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Bank of America's Dead Drop To Rick Perry: "We Will Help You Out"

Tyler Durden's picture


Should we be surprised, frightened, disgusted or simply say "we knew it", that in the informal mixer just after Texas Governor and Republican presidential candidate Rick Perry spoke at a Politics and Eggs breakfast in Bedford, New Hampshire, an unknown gentlemen approaches a casual Perry like an Ian Flemming character, and proceeds to dead drop the following: "Bank of America... We will help you out"... and silently moves on. At least we know now who is funding what, and whose interests potential future president Perry will be paid to defend.

Fast forward to precisely 40 minutes into the blow clip (full event can be found here).

And for those who believe the man is a plant, we believe it is James Mahoney, Director of Public Policy for BoA. You can see a photo of him here. He's on the board of directors for the New England Council, the sponsors of yesterday's Politics and Eggs breakfast.

Naturally, we would be delighted for Bank of America to refute this assumption.


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Fri, 08/19/2011 - 12:19 | 1577717 Rodent Freikorps
Rodent Freikorps's picture

That is what we in Texas call an ambush.

BofA needs Fed help now, not maybe, kinda, if Perry gets the nomination, and then wins the general election.

Their payoff should be in the mail soon.

Fri, 08/19/2011 - 12:32 | 1577810 the grateful un...
the grateful unemployed's picture

but remember BOA was fugged by Bernanke and Paulsen. they've been getting fugged all the way, not that they are saintly banker gods, but they sure didn't get the deal Citi got, or Goldman. So in a way this is populist fodder, as the mortgage banks, thinks Wells, which is Buffett isn't it?  were all hit pretty hard in 2008, or I should say they not offered the same golden parachute. I can see this, but Ron Paul knows more about it, why aren't they whispering to him? Well he isn't a populist, for one thing, he's an Ayn Rand libertarian. Bush was a populist until he was elected. He remained one to his red state constituents throughout. Obamas a corporatist, so he continued the policy bias against mortgage banks. If any of these so called populist candidates had a clue they would open up the playing field for the non-profits, give them a wider charter.

Let Bernanke stick that in his bippy

Fri, 08/19/2011 - 12:25 | 1577761 g speed
g speed's picture

blah blah----Ron Paul gets the nod and makes a run or the GOP is in the shitter -One third of their support goes inde---and the dems win the election--but lose the country and the wars and the gov't and the FED and every single thing that matters to the Gov't lovers. the status state is up against a hard one.

Fri, 08/19/2011 - 12:31 | 1577805's picture

When matched in polls against Obama Ron Paul beats every other Republican candidate except Romney. Ron Paul is the highest scoring Republican candidate among Independents. Ron Paul gets more donations from veterans and members of the military than all other Republican candidates combined!

Draw your own conclusions.


Fri, 08/19/2011 - 12:34 | 1577833 Winston Smith 2009
Fri, 08/19/2011 - 12:39 | 1577858 navy62802
navy62802's picture

I think I just spotted a jobs creator. haha ... oh wait, they're about to fire thousands of people as part of their "Project New BAC."

Fri, 08/19/2011 - 12:55 | 1577867 Use of Weapons
Use of Weapons's picture

Burr, Richard (R-NC)     Senate     $37,020
Fiorina, Carly (R-CA)     Senate     $32,100
Portman, Rob (R-OH)     Senate     $30,550
Blunt, Roy (R-MO)     House     $26,400
Frank, Barney (D-MA)     House     $25,000
Quayle, Ben (R-AZ)     House     $22,950
Rubio, Marco (R-FL)     Senate     $22,833
Ayotte, Kelly A (R-NH)     Senate     $20,900
Toomey, Pat (R-PA)     Senate     $19,799
West, Allen B (R-FL)     House     $19,750
Sessions, Pete (R-TX)     House     $19,350
Gillibrand, Kirsten (D-NY)     Senate     $18,800
Kirk, Mark (R-IL)     House     $18,225
Boehner, John (R-OH)     House     $17,750
Meeks, Gregory W (D-NY)     House     $17,450
Castle, Michael N (R-DE)     House     $16,700
Coats, Daniel R (R-IN)     Senate     $15,950
Adler, John H (D-NJ)     House     $15,600
Debicella, Dan (R-CT)     House     $15,505
Schumer, Charles E (D-NY)     Senate     $15,300
Cantor, Eric (R-VA)     House     $14,500
Royce, Ed (R-CA)     House     $13,800
Harmer, David Jeffrey (R-CA)     House     $13,700
Simmons, Rob (R-CT)     Senate     $13,450
Crowley, Joseph (D-NY)     House     $13,000
Himes, Jim (D-CT)     House     $12,900
Specter, Arlen (D-PA)     Senate     $12,800
Altschuler, Randy (R-NY)     House     $12,683
Kerry, John (D-MA)     Senate     $12,500
Brown, Scott P (R-MA)     Senate     $12,000
Coburn, Tom (R-OK)     Senate     $12,000
Carney, John (D-DE)     House     $11,750
Garrett, Scott (R-NJ)     House     $11,500
Hensarling, Jeb (R-TX)     House     $11,500
Crist, Charlie (I-FL)     Senate     $11,300
Clyburn, James E (D-SC)     House     $11,250
McMahon, Michael E (D-NY)     House     $11,250
Murphy, Scott (D-NY)     House     $11,250
Dold, Robert (R-IL)     House     $11,050
McCarthy, Kevin (R-CA)     House     $11,000
Camp, Dave (R-MI)     House     $10,750
Heller, Dean (R-NV)     House     $10,750
Minnick, Walt (D-ID)     House     $10,750
Neugebauer, Randy (R-TX)     House     $10,750
Thompson, Mike (D-CA)     House     $10,750
Murphy, Patrick J (D-PA)     House     $10,700
Rossi, Dino (R-WA)     Senate     $10,595
Neal, Richard E (D-MA)     House     $10,500
Price, Tom (R-GA)     House     $10,500
Campbell, John (R-CA)     House     $10,250
Coons, Chris (D-DE)     Senate     $10,150
Bachus, Spencer (R-AL)     House     $10,000
Bean, Melissa (D-IL)     House     $10,000
Boustany, Charles W Jr (R-LA)     House     $10,000
Davis, Geoff (R-KY)     House     $10,000
Green, Al (D-TX)     House     $10,000
Maffei, Dan (D-NY)     House     $10,000
McHenry, Patrick (R-NC)     House     $10,000
Nunes, Devin Gerald (R-CA)     House     $10,000


And then 5 pages of donations of less than $10k.


For the record, the BoA person's comments were both legal and acceptable on the donation grubbing trail - Perry was there to swine & dine truffles from the party faithful.  That's his job. A corporate sponsor of the event suggests they'll be helping him - well, gosh, that's probably why they helped organise the event, isn't it?


In other news, bears shit in the woods. This thread has shaken my core faith in the sophistication of many posters here.


@ non-US readers. Yes, there are American voters who imagine that a) Ron Paul would make it alive to his third month in office if he was elected, and b) that the two party system isn't two sides of the same coin - a coin borrowed, not owned. Please excuse the deep levels of political naviety on show in this thread.

Fri, 08/19/2011 - 14:19 | 1578248 jomama
jomama's picture

in other words, flagrant corruption is A-OK in your book.

you're coming through loud and clear there, sparky.

Fri, 08/19/2011 - 14:33 | 1578321 Winston Smith 2009
Winston Smith 2009's picture

No, what he's saying is "So what?  Big surprise.  Didn't you already know they're all bought?"

Fri, 08/19/2011 - 12:41 | 1577873 RiverRoad
RiverRoad's picture

Perry's fronting for Texas Oil; sold out long ago.

Fri, 08/19/2011 - 12:51 | 1577908 Use of Weapons
Use of Weapons's picture

Perry has received a total of $37 million over the last decade from just 150 individuals and couples, who are likely to form the backbone of his new effort to win the Republican presidential nomination. The tally represented more than a third of the $102 million he had raised as governor through December, according to data compiled by the watchdog group Texans for Public Justice.



$246,000 / person batting average. Hint: Corporations only front peanuts in their own names, the rest is funneled through private sources.

Fri, 08/19/2011 - 12:53 | 1577912 Downtoolong
Downtoolong's picture

"We're Bank of America, We Will Help You Out"

It wasn't an offer. It was a command. In the doublespeak of politics it translates to, "You WILL help us out".



Fri, 08/19/2011 - 12:55 | 1577923 High Plains Drifter
High Plains Drifter's picture

hey steve cortes ,  you think gold and silver stink huh?  i have one thing to say to you pal.  blow me..........

Fri, 08/19/2011 - 13:02 | 1577930 pazmaker
pazmaker's picture

I'm just suprised at how many zh'ers are suprised by this.  He is part of the system that is failing, that wants to stay in power.  He is the red team's Obama. The whole election drama is A show to the sheeple.  Red team + Blue team = same team.  we need a reset to the entire system and that will take more then an election.

Fri, 08/19/2011 - 13:05 | 1577951 Beancounter
Beancounter's picture

You don't think he meant help you out... to your tour bus?  How cynical !   LOL

Fri, 08/19/2011 - 13:08 | 1577962 The Gooch
The Gooch's picture

Ron Paul!!!

 Ron Paul Punk Rock Anthem -

Fri, 08/19/2011 - 13:18 | 1577983 The Heart
The Heart's picture


Public to Ron Paul: We will help you out!

This poll has been going two days now and has not been tampered with or taken down yet. Get this info out there so everyone will see who the real people's choice is.

On another note, False Flagitus is in the air and the usurper and his family are vacationing at the vineyard. What does that mean?

Here's a good listen about the possibility of false flag events and the isrealli connection. And where are your lawmakers? Over in isreal working for them, or home working for you?

And these were interesting also:;article=138286

Heads up all, preparation in nine tenths of the Law of Survival!

Fri, 08/19/2011 - 13:18 | 1577994 topcallingtroll
topcallingtroll's picture

False flag?
Is BOA really so bumbling and incompetent?


Fri, 08/19/2011 - 13:19 | 1578001 Zymurguy
Zymurguy's picture

Maybe it was a threat...

Do you mean like, "take care" of him?

As in, whack him?

Fri, 08/19/2011 - 13:40 | 1578087 highwaytoserfdom
highwaytoserfdom's picture

James Mahoney Title and Company: Director of Public Policy Bank of America Company Address: 73 Tremont Street 306
BostonMA 02108-3902
Ron Paul has it right  Perry  (should we say Karl Rove's Democrat)  had trouble with Debra Medina who had no money or public exposure.   Perry on the FED is like Perry on sucession he will do anything to get the DNC\RNC kleptocrats to push another conserative / liberal same old same old in office...  The real argument is  statist vs liberterian..    Small government...     BAC, C, GS, JPM HSBC    are well defined by the treasuary...

Fri, 08/19/2011 - 13:43 | 1578095 John Law Lives
John Law Lives's picture

This is the sort of GARBAGE that Ron Paul supporters stoop to in order to attack their competition:'Sex-with-Perry'-ad-draws-attention

Chickenshit politics!


Fri, 08/19/2011 - 13:51 | 1578121 Falcon15
Falcon15's picture

I am a Ron Paul Supporter, and a constituent of Governor Perry. Your brush is mighty broad there partner. One individual or small group of individuals are responsible for this, and I agree it is chickenshit. Dr. Paul can stand on his own, thank you. However, Perry was only reelected here as Governor, because frankly, he was the lesser of all evils. IMO he will screw us all worse as President than you could ever imagine. Wait...Oblah blah is President, You could imagine it.

That being said you need to narrow your brush stroke, or not make comments of that nature, lest your ignorance show. Thank you very much.



Fri, 08/19/2011 - 14:25 | 1578272 John Law Lives
John Law Lives's picture

I have lived in Texas since the 1980s.  I have known of Rick Perry since he was first elected to the State Legislature as a Democrat.

As an FYI, Perry has been elected as Governor of Texas in three (3) different elections (2002, 2006 and 2010).  Prior to that, he was elected as Lieutenant Governor in one (1) election (1998).  Prior to that, he was elected to the position of Agriculture Commissioner in two (2) different elections (1990 and 1994).  Prior to that, Rick Perry was elected to the State Legislature in three (3) different elections (1984, 1986 and 1988).  In fact, The Dallas Morning News named Perry one of the ten most effective members of the legislature.

Rick Perry has been elected to a statewide office in Texas in NINE (9) different elections.  I would say the people of Texas have clearly and repeatedly spoken re. his qualifications at each level.

"lest your ignorance show."

My friend, you are the one who displayed ignorance with your comments.

Fri, 08/19/2011 - 14:09 | 1578198 jomama
jomama's picture

you lost credibility when you divulged that you're just another partisan hack.

the false dichotomy is a pretense for a corrupt agenda.

Fri, 08/19/2011 - 14:24 | 1578282 John Law Lives
John Law Lives's picture

"you lost credibility when you divulged that you're just another partisan hack"

I don't need an imprimatur from troglodytes like you to publish my opinion.

Fri, 08/19/2011 - 13:47 | 1578109 Imminent Crucible
Imminent Crucible's picture

Granted, Perry is a fraud. But even if the man really is Mahoney, how do we know it wasn't done deliberately and publicly to damage Perry with his core constituency?

It's not like BAC is suddenly straightforward and trustworthy.

Fri, 08/19/2011 - 13:55 | 1578138 Franken_Stein
Franken_Stein's picture


Jesse Ventura, longtime friend of Arnold Schwarzenegger, ex-Governor of Minnesota, ex-actor, ex-Navy Seal, talking about the Bilderberg Group and their plans:


Fri, 08/19/2011 - 13:58 | 1578148 Dan Watie
Dan Watie's picture

Why am I not surprised? He took money from Merck to push that vaccine on 11-year old girls. What a pathetic, phoney LOSER!

Fri, 08/19/2011 - 14:42 | 1578363 John Law Lives
John Law Lives's picture

As an FYI, Perry has been elected as Governor of Texas in three (3) different elections (2002, 2006 and 2010).  Prior to that, he was elected as Lieutenant Governor in one (1) election (1998).  Prior to that, he was elected to the position of Agriculture Commissioner in two (2) different elections (1990 and 1994).  Prior to that, Rick Perry was elected to the State Legislature in three (3) different elections (1984, 1986 and 1988).  In fact, The Dallas Morning News named Perry one of the ten most effective members of the legislature.

Rick Perry has been elected to a statewide office in Texas in NINE (9) different elections.  I would say the people of Texas have clearly and repeatedly spoken re. his qualifications at each level.

Fri, 08/19/2011 - 15:16 | 1578479 Dan Watie
Dan Watie's picture



Why did you not mention that Rick Perry was honored with the "FRIEND OF ZION " award in 2007 as he met with Benjamin Netanyahu and Ehud Olmert?


Fri, 08/19/2011 - 15:48 | 1578599 John Law Lives
John Law Lives's picture

1. Feel free to vote for Ron Paul in the GOP primary.

2. Feel free to vote (or not vote) in the general election after Perry is nominated.

3. Feel free to immolate yourself in gasoline after Paul loses the GOP primary.  After all, the choice is yours.

Fri, 08/19/2011 - 17:16 | 1579062 Dan Watie
Dan Watie's picture

I will vote for Ron Paul because:

1- HE WOULD NEVER GET THE "FRIEND OF ZION" AWARD! or a friend of anyone else, for that matter. HELLO, CONSTITUTION ANYONE??

2- HE GETS NO FAIR REPRESENTATION IN THE ZIONIST CONTROLLED MEDIA = THEY ARE FUCKING AFRAID OF HIM! if he was going to lose, why would they have a blackout on him? TRUTH....HE IS GOING TO WIN BY A LANDSLIDE.......REGARDLESS!!!! this will expose the media for what they are, once and for all!!

3- HE WOULD END THIS STUPID NATION BUILDING AND ILLEGAL WARFARE. Its not for democracy! Its so the central banks could control the debt of the newly "liberated" country. BONDS, anyone? And of course, control of the oil how SHELL is operating in IRAQ now. How'd that happen, duhhhhhh? uhduhhhhh, dont ask a Perry supporter this question. duhh



5- HE WOULD END THE FEDERAL RESERVE BANK!!! Bring back the Gold standard! Our Treasury should print our money, not a private bank!!



so, what the fuck would Perry do for our nation? I am waiting for your answer. duhhhhh, uhhhhh, KILL THEM RADICAL JIHADISTS!!! what a fuckin loser!!

Fri, 08/19/2011 - 14:24 | 1578280 FlyPaper
FlyPaper's picture

So why is it (a) Perry's issue that someone else offered to help, and (b) that is was a bank, and (c) how does this compare to the bankers paying most of the cost of Obama's grand inauguration?   No news here.

Fri, 08/19/2011 - 14:47 | 1578298 marcusfenix
marcusfenix's picture

apparently the only ammo rick perry supporters have is to bag on ron paul, alex jones and the rest of the extremist, far right, libertarian, "tin foil hat crowd". which i find amusing considering, while his supporters are taking there comment queues straight out of the DHS terrorist manual, he his threatening to lynch the head of the FED, which ron paul, alex jones and jessie venture's idea in the first place and has been for years. of course being perry is just another empty suit teleprompter in waiting, the confusion and hypocrisy from his supporters is to be expected.   


Fri, 08/19/2011 - 15:38 | 1578553 Fiat Money
Fiat Money's picture

"of course being perry is just another empty suit teleprompter in waiting, the confusion and hypocrisy from his supporters is to be expected." 

  yep. the MASTERY of the Neo-Con media to HATE WHIP Americans is amazing to behold...

 most folks out there in "Heartland" Amerika-land  think that the WASHINGTON whore POST and Sulzberger lyin' New York Slimes are  "LIBERAL"  newspapers - they are both of 'em RELENTLESS  radical  right-wing WARMONGERS and Treasury looting, economy gutting Neo-Con propaganda mouthpieces of  HATE and DEHUMANIZING GREED. 

 They (the "mainstream media")  could BUST  _any_ of the  FRAUDSTERS who are WRECKING our economy with a ONE WEEK in-depth investigative series  (on, for example, Schapiro, Gensler, or that former GS lobbyist now running  Issa's House 'OVERSIGHT' Committee")  but this the lying, treacherous scum publishers & editors REFUSE to do - they are IN on the LOOTING and DEFRAUDING of America that has turned our financial system into a malignant abscess black-hole of economic larceny & destruction.

  Well, the GOOD NEWS, is the treacherous (if not treasonous)  DERELICTION of DUTY of the wp & nyt to INVESTIGATE the MASSIVE, TITANIC, economy gutting  FRAUD in NY financial markets, & DC 'regulatory' agencies,  gives ZH & other "alternative news" sites plenty of opportunities to make real headlines! 

Fri, 08/19/2011 - 14:36 | 1578335 f16hoser
f16hoser's picture

Say that shit to Dr Ron Paul BAC!!!

Fri, 08/19/2011 - 14:38 | 1578344 OS2010
OS2010's picture

This really was too obvious.  Why would the guy talk like this in public?

Looks more like a setup, working on taking down the first candidate who called out the banks' Sugar Daddy.  Indicates the banks (or Demos) may really be afraid of Perry!

Fri, 08/19/2011 - 15:01 | 1578431 marcusfenix
marcusfenix's picture

no, I don't think they are afraid of perry at all, they know he is just another meal ticket, most likely he is already bought and paid for, BoA just doesn't want to be left out and forgot the cameras were on. or they just don't care and with the way things are why should they?

Fri, 08/19/2011 - 14:42 | 1578365 PulauHantu29
PulauHantu29's picture

I read Texans are pretty upset with Perry when he tried to take away thier land under eminent doamin to build his cross Texas Toll road....which would be owned by guess who?...........................Foreign Bankers.


That's what I read....I wonder if that is true. if so, he is a scoundrel and I would not consider him ...Ron Paul is my first choice...

Fri, 08/19/2011 - 22:12 | 1579929 i-dog
i-dog's picture

They are all scoundrels. Your first choice should be to boycott the sham election (a very low voter turnout would further deprive them of legitimacy) and spend your time as an activist for States' rights (and responsibilities) under the Constitution.

Secede or die!! The Federal Fucking Government is the problem, not the solution!

Fri, 08/19/2011 - 14:58 | 1578414 dust to dust
dust to dust's picture

 Only thing BOA is helping out is  the unemployment statistics. 3500 to be axed this Q. The bottom line folks.

Fri, 08/19/2011 - 15:02 | 1578434 MobBarley
MobBarley's picture

What's to prevent the Powers that Be from simply stating a low price for Gold and then

not delivering, not taking orders, etc.

Eventually, the spot gold price coming out of London will be seen as utter bullshit, and

Gold will assume a real deliverable black market price much above it.

We're not far from that day right now.


Fri, 08/19/2011 - 15:09 | 1578459 f16hoser
f16hoser's picture

I heard Rick Perry is a closet Homosexual! Really, I did!

Fri, 08/19/2011 - 16:14 | 1578714 anony
anony's picture

I dated a luscious actress once who would only get excited by having sex in a closet.  She also liked to be spanked in there. 

Seemed mighty fine to me then.  Nothing wrong with sex in a closet. Try it sometime. (don't do this is you have stored your AK47 loaded in there)

Fri, 08/19/2011 - 15:20 | 1578488 Jasper M
Jasper M's picture

As much as I distrust Perry, for the machiavellian opportunist he clearly is, I do not fear this exchange – Looks to me like BoA will be passed saving Wel before next Inauguration Day. 

Fri, 08/19/2011 - 15:21 | 1578491 Jasper M
Jasper M's picture

As much as I distrust Perry, for the machiavellian opportunist he clearly is, I do not fear this exchange – Looks to me like BoA will be passed saving Wel before next Inauguration Day. 

Fri, 08/19/2011 - 15:40 | 1578571 Arrowhead
Arrowhead's picture

How do we know that this guy wasn't jusst passing on a message that Rick's loan application for that '92 Chevy truck was OK'd?

Fri, 08/19/2011 - 15:48 | 1578601 Temporalist
Temporalist's picture

He just wants to go clear some brush with Lil Bush.

Fri, 08/19/2011 - 15:43 | 1578581 Texas Ginslinger
Texas Ginslinger's picture

BOA is laying off 10,000.

Maybe that guy was offering Perry a job...???

Fri, 08/19/2011 - 15:54 | 1578615 Trifecta Man
Trifecta Man's picture

It's a Politics and Eggs breakfast, and Rick Perry is the politician, so it's got to be that Director of Public Policy for BoA must have meant serving Rick Perry more eggs for his face ... I mean for his breakfast.

Fri, 08/19/2011 - 15:57 | 1578619 ReactionToClose...
ReactionToClosedMinds's picture

Tyler D is on his way to becoming a financial media conglomerate ... and it all started with this clip catch (TD must have some network) among so many recent coups.  WSJ MarketBeat online blog citing ZH now ..... the online commentary is going ballistic


maybe this is the thing that can help awareness of Candidate R Paul

Fri, 08/19/2011 - 16:05 | 1578670 jmc8888
jmc8888's picture

Ha ha.  Rick Perry the facist bankster whore who loves to blame other people while inciting riots inbetween calls for secession receives an offer for some campaign bling.  What a surprise!

Yet idiots will vote for him as if he's Jesus. 

I couldn't quite make out, but I think I heard him say in response 'sure' to the bankster offer.


Now why would BofA need people on the inside? It's not like they hold any fraud on their books marked to fantasy.  Don't you know they've reserved more for any contingency then at any time in their history.

Glass-Steagall the fraud.

Fuck R(D)ick(head) Perry....a fascist bankster fucktard


Fri, 08/19/2011 - 16:21 | 1578704 michigan independant
michigan independant's picture

Savot's do not run a empire. What is plan B? I do remember the Highway from hell and the Amero verbiage. The replubicans have a grave issue. Credability. The division of labor will not remember who, but how they got food and a chin up to look there family in the eye. Policy insured misery and this will not be forgotten. Remember decades it took to get here. I do not know how they can look a true working man in the eye.

Fri, 08/19/2011 - 16:16 | 1578718 lieutenantjohnchard
lieutenantjohnchard's picture

been a good week. a really good week. think i'll hoist a few tonight and toast my fellow gold and silver holders wherever they may be. may the shiny be with you.

we few, we happy few, we band of gold and silver holders.

hat tip: all bankers short gold and silver.

Fri, 08/19/2011 - 16:16 | 1578721 navy62802
navy62802's picture

I'm not surprised, really. Just slightly dismayed that a politician would allow such a slip. We all know this crap takes place, but to have the corruption captured on CSPAN? Now THAT's outrageous.

Fri, 08/19/2011 - 16:21 | 1578744 dark pools of soros
dark pools of soros's picture

also, that dude's rug could be called a UFO

Fri, 08/19/2011 - 16:30 | 1578788 Dempster
Dempster's picture


Tomorrow morning (it’s a Saturday job), but still needs must; I have a roof problem to sort out on a retail unit. 

 It’s going to be a bit of a flog, but still needs must.

But here’s a view on the method of payment;  I’ll be paid in ‘fiat currency’ but I can exchange it a Asda for something useful.   If we ended up with total collapse, and they offered me gold. I’d tell ‘em to stuff off and ask for something useful.

I reckon that gold has only got any value if everyone believes it has. 

But I see it as a bit useless, because you can’t do much with it, apart from look at it and make jewellery out of it, and maybe electronic connections that work a bit better.

In any event assuming a total collapse occurred and I’m asked to sort out a roof problem, and we were into bartering, it wouldn’t be gold I wanted for doing it, I’d pick food in exchange.

And I dutifully apologise to those financial bods that know more than me. 


Fri, 08/19/2011 - 17:27 | 1579115's picture

The people with gold would be able to procure anything your heart desires as payment. Of course it will be easier for them to simply hire someone who knows what money is rather than those who insist on barter.

Would you have refused to use gold and silver coins when they were regularly issued as currency? And what if governments decide to start backing currency with gold again. Will you refuse it in favor of a bushel of apples?

Fri, 08/19/2011 - 19:21 | 1579375 M.B. Drapier
M.B. Drapier's picture

Confirmed! according to Politico:

UPDATE: Mahoney, a veteran Boston Democrat -- and Kennedy aide -- does policy and not lobbying for the bank, it says. And a spokesman, Lawrence Di Rita, said the only "help" he was offering was nonpartisan policy expertise:

Well, that's a relief. Mahoney's apparently a big Democratic figure in general, which might lend credence to the idea that this was a "genuine" sting on Perry at the behest of the Fed (or whoever). But I think BAC FAIL might be the simplest explanation...

Fri, 08/19/2011 - 20:05 | 1579623 Tunga
Tunga's picture

Two things; After Perry attacked the FED Alex Jones said he was trying to be Ron Paul. He wants to end the FED right?

Second thing;23 of BOA's top execs. leave a meeting in NYC where their company has just been saddled with the bulk of the Non performing derivatives for the entire world. Two Russian missiles knock the engines off the plane those suits are taking off in. Cue the Miracle on the Hudson.

Got Motive? 

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