This page has been archived and commenting is disabled.

On Bernanke's Legacy In His Own Words

Tyler Durden's picture


Overnight the WSJ's Jon Hilsenrath did his best to entirely redirect the discussion of Bernanke's legacy by setting up so many strawmen even TS Eliot would be totally lost. Instead of focusing on the person who was, together with his predecessor, was directly responsible for a crisis, which over the course of 30 years of "great moderation" pulled over $30 trillion in future demand to the present (benefiting almost exclusively the banker class), and which will guarantee pain and suffering for generations of Joe Sixpacks, he portrayed Bernanke in the light of St. Ben, or the person who may or may not have done enough to save Capitalism. We fail to fall for the bait. We hope nobody else will either. Which is why we present the following compilation of documented Chairsatan greatest hits from the public record. It speaks more than any planted article ever could.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 08/31/2012 - 08:43 | 2752036 buzzsaw99
buzzsaw99's picture

capitalism, lulz

Fri, 08/31/2012 - 08:58 | 2752104 LongSoupLine
LongSoupLine's picture

Ben - "Jon you still have a little something left on your chin."

Jon - "thanks Ben".

Ben - "no, back on your knees...I'm ready for another "interview".

Fri, 08/31/2012 - 09:05 | 2752129 Badabing
Badabing's picture

Ben Dover in J-hole

Before he speaks short PMs long dollar.

When finished reverse and have a nice weekend.

Fri, 08/31/2012 - 09:29 | 2752220 kaa1016
kaa1016's picture

These are the most dangerous people in the world. They were completely wrong then based on their "models" and now we should believe them and those same "models"? The problem is and was too much debt and instead of letting de-leveraging happen, which it has to in order to ever see any type of sustainable growth, they continue to go sow the seeds for the next economic cataclysm. I can't believe people keep falling for this shit...

Fri, 08/31/2012 - 10:07 | 2752392 DeadFred
DeadFred's picture

Legacy interviews happen when you're about to retire right? What does this say about the election and what does that say about the S&P in the next months? Just wondering.

Fri, 08/31/2012 - 10:19 | 2752428 Precious
Precious's picture

You didn't create that legacy.

Fri, 08/31/2012 - 09:07 | 2752139 AbelCatalyst
AbelCatalyst's picture

The real indicator of The Bernanks legacy in that video was the price of gold and silver flashing on the screen next to him... Wow!!

Fri, 08/31/2012 - 10:08 | 2752146 withnmeans
withnmeans's picture

Anybody happen to be watching RT late last night?  China and Russia held talks to do all their energy trading "and perhaps more" in their currencies. 

They want to get away from using the Dollar and make their currencies the new order of the day.

Looks like we are getting all so close to seeing the fan blades getting really messy!

Also, we are getting close to the imaginary 40% number in quite a few countries. This number represent how much of your take home pay is spent on FOOD. It is said that when people start spending over 40% on food, RIOTS will begin...


Fri, 08/31/2012 - 12:26 | 2753033 GERxit
GERxit's picture

Not the first time that the world starts doubting the reserve currency quality. Happened on a larger scale at the end of 60s/beginning of 70s -> e.g. French were getting their gold out of the US with war ships and openly doubted the US reserve status like many others as they had to keep on buying dollars and sell their own currencies to stay within currency bands of Bretton Woods essentially funding the US' wars. What followed was a huge liquidity drain caused by Volcker's interest rate rises sold under the "fight inflation" tag aimed to teach the world a lesson to trust in the value of the USD.

The only REAL asset the US has is the reserve currency status which involves the settlement of all major trade in their currency - especially given the huge deficits the US is running. The US can't afford to lose this status...

I'm curious what happens this time. Raising interest rates with this kind of indebtness seems hard to do to say the least.

Fri, 08/31/2012 - 08:46 | 2752039 GetZeeGold
GetZeeGold's picture



You can't touch this!

Fri, 08/31/2012 - 08:49 | 2752067 earnyermoney
earnyermoney's picture

If only WB could photoshop the Bernake in a gold urban suit with lots of bling as he walks the streets of J-Hole. MC Hammer baby. Can't touch this!

Fri, 08/31/2012 - 08:45 | 2752045 alien-IQ
alien-IQ's picture

I can sum up his legacy in far fewer words:

I came.

I destroyed.

I got paid.

Fri, 08/31/2012 - 09:26 | 2752210 eatthebanksters
eatthebanksters's picture

I made the mistake if trusting what this guy (and others) were saying.  My reward was to lose 75%of my net worth, my home to foreclosure and watch my business shuttered.  I was semi retired and enjoying my 'productive' years and worked as a volunteer with kids sports.  Five years later with no decent paying jobs for a guy my age in my industry, I have moved into a studio in a big city and am trying to start over.  Fuck these assholes!

Fri, 08/31/2012 - 08:45 | 2752046 Meesohaawnee
Meesohaawnee's picture

only a legacy can ramp crude a buck 20 on vapor . this just gets worse by the day. i cant even laugh anymore. fucking sad what this country has become.

Fri, 08/31/2012 - 09:02 | 2752119 SheepDog-One
SheepDog-One's picture

No doubt, I dont care what they do or dont do at this point or whatever criminals bullshit 'legacy' we're already destroyed....I hope everyone had fun tradin it.

Fri, 08/31/2012 - 09:23 | 2752197 fonzannoon
fonzannoon's picture

Sheep one of my good friends is a big time trader for a big time bank. As far as I know he is not on here to see people like you and LOP constantly hammering everyone with truth. He was always saying stuff like don't fight the fed etc. etc. I texted him this morning and he wrote me back that this qe shit has to stop. I wrote back that I was surprised to hear him say that. He wrote back "I hope we are alive in ten years from this disaster".

Shows me people are slowly, painfully drawing the same conclusions.

Fri, 08/31/2012 - 08:45 | 2752048 LULZBank
LULZBank's picture

Bernanke's Legacy: He did'nt do that...

Fri, 08/31/2012 - 09:06 | 2752135 machineh
machineh's picture

If Chas. Ponzi had had the foresight to patent and copyright his pyramiding scheme, the Bernank would be nothing but an obscure licensee.

Fri, 08/31/2012 - 19:18 | 2754127 jimijon
jimijon's picture

well help me nominate him on facebook!



Fri, 08/31/2012 - 08:47 | 2752050 Capitalist
Capitalist's picture

In just over an hour, Ben will take-off in his helicopter with a big sack that has a dollar sign on it.

Fri, 08/31/2012 - 08:47 | 2752055 fonzannoon
fonzannoon's picture

Did someone leak QE3? Wtf is up with the futures?

Fri, 08/31/2012 - 08:48 | 2752058 buzzsaw99
buzzsaw99's picture


Fri, 08/31/2012 - 08:55 | 2752096 alien-IQ
alien-IQ's picture

just inflating the crash mat.

Fri, 08/31/2012 - 09:18 | 2752173 ar01
ar01's picture

All it means is more downside when QE3 isn't announced -- short SPY/long gold today

Fri, 08/31/2012 - 08:48 | 2752057 Meesohaawnee
Meesohaawnee's picture

on second thought . let them do qe. crude will be 100 by 2pm. At least ill get to say adios obamma...Your the great enabler of this fraud. You can call ben right now and tell him to stop it.

Fri, 08/31/2012 - 08:51 | 2752071 Ivanovich
Ivanovich's picture

And let us not forget, no more Obama means no more Bernanke, as Romney is on record saying he would replace Ben.  Now, whether he replaces Ben with another ben is probably a foregone conclusion.  But still, no more fucking Ben.

Fri, 08/31/2012 - 08:54 | 2752091 LULZBank
LULZBank's picture

"Westerners" will go down as biggest mugs in history books.

Fri, 08/31/2012 - 10:24 | 2752480 i-dog
i-dog's picture

Indeed. They still think that Ben, Barry, George, Tony, and the other placeholders, actually analyse situations and make decisions! ROFLMAO!!!

No doubt they also think that Ben is writing his speech all on his own, using his best joined-together, overnight in the light of a candle. Or, that Obomber programs his own teleprompter....

Dumb fucking sheep!!

Fri, 08/31/2012 - 08:48 | 2752059 eigenvalue
eigenvalue's picture

Is today's speech a prefared one? If so, we can know what's in his speech before 10:00.

Fri, 08/31/2012 - 08:48 | 2752060 vmromk
vmromk's picture

Why isn't this lying MOTHERFUCKER in prison ?

Fri, 08/31/2012 - 08:53 | 2752082 t_kAyk
t_kAyk's picture

Laws only apply to slaves. 

Fri, 08/31/2012 - 08:53 | 2752084 GetZeeGold
GetZeeGold's picture




Well he lied to Congress.....on TV no less!


But let's face it....Congress couldn't screw in a light-bulb these days.

Fri, 08/31/2012 - 09:34 | 2752235 spanish inquisition
spanish inquisition's picture

HAHA I thought of a joke!

Q: How many congressmen does it take to screw in a lightbulb?




A: $42,000,000.00

Fri, 08/31/2012 - 10:24 | 2752526 Badabing
Badabing's picture

Q: How many congressmen does it take to screw in a lightbulb?

Q: How many congressmen does it take to screw in a lightbulb into Bawarny Fwanks ass?

fixed it!

Fri, 08/31/2012 - 08:54 | 2752090 alien-IQ
alien-IQ's picture

Because there are no prisons in the Hamptons.

Fri, 08/31/2012 - 08:48 | 2752061 101 years and c...
101 years and counting's picture

right before his "big speech"  maybe some red-blooded american will put a bullet in ben's head today. 

Fri, 08/31/2012 - 08:49 | 2752065 q99x2
q99x2's picture

Bonzai that mother fucker.

Fri, 08/31/2012 - 08:51 | 2752070 Cursive
Cursive's picture

Ben knows that the Federal Reserve System was established for the sole benefit of big banks and, yet, he still naively clings to the idea that he can bring positive change.  Or maybe he just looks naive and really enjoys being a stooge for the banksters.

Fri, 08/31/2012 - 08:53 | 2752083 alien-IQ
alien-IQ's picture

He's not naive...he's just a liar.

Fri, 08/31/2012 - 08:53 | 2752079 youngman
youngman's picture

What is important is now the Fed has much more percieved power than the Congress.....everyone looks to Bernanke to "save" the country....and the world....that is what is scary

Fri, 08/31/2012 - 09:36 | 2752243 Spastica Rex
Spastica Rex's picture

If they could sanction physical combat in Congress, it might change everything.

Fri, 08/31/2012 - 08:53 | 2752086 Meesohaawnee
Meesohaawnee's picture

hes not niave at all. he knows what hes doing.. sociopathic personalities dont care about the wrath they place on others. They have no feelings..

Fri, 08/31/2012 - 23:02 | 2754495 FRBNYrCROOKS
FRBNYrCROOKS's picture

When can we see the MAGIC UNDIES?

Do Mitt's undies smell, less, untoward than mine?

How about Mrs. Romney's MAGIC UNDIES?

Can we smell these, very, sacred UNDIES?

The, 199 million, disenfranchised, voters want to know?

Does Diebold have a 1-800 number?

Fri, 08/31/2012 - 08:54 | 2752089 Hype Alert
Hype Alert's picture

What?  No green shoots?  I am disappointed.

Fri, 08/31/2012 - 08:55 | 2752094 Kaiser Sousa
Kaiser Sousa's picture

an ode to Ben.....





Fri, 08/31/2012 - 09:01 | 2752115 Jason T
Jason T's picture

the question is, is he lying or just a terrible forecaster?

Fri, 08/31/2012 - 09:08 | 2752124 SheepDog-One
SheepDog-One's picture

Video shows Bernank and CNBC should both have been shut down and arrested long ago. FUCK YOU Bernank!

Fri, 08/31/2012 - 09:05 | 2752132 Racer
Racer's picture

And to have this in his own words and that he cannot deny that they were misinterpreted....

why is this total moron still the most powerful man in the world???????????????

Fri, 08/31/2012 - 09:09 | 2752145 kalum
kalum's picture

May he RIH for destroying my life (and millions like me)

Fri, 08/31/2012 - 09:06 | 2752134 linrom
linrom's picture

which over the course of 30 years of "great moderation" pulled over $30 trillion in future demand to the present (benefiting almost exclusively the banker class


No, the real winners are the CEOs who sold forward shares at terminal valuations today for promise tomorrow. 

Fri, 08/31/2012 - 09:13 | 2752153 Never One Roach
Never One Roach's picture

NINJA Men: No job, no assets, zero down and 100 years to pay ...move in and never pay a dime on the mortgage thus dumping the entire loss on the taxpayers.

As long as this Uber-EXCredit continues, house prices will continue to slide. Selling houses to people who cannot afford them has never been a good idea.

Fri, 08/31/2012 - 09:14 | 2752164 RobinHood73
RobinHood73's picture

The Central Bankers (Bernanke et al) are acting on the only play available to them : delusional cancerous growth or egg-on-our face catastrophic collapse.The market is no longer tradeable. It will eventually trace out the full boom bust but first the punchbowl has to be taken away. These guys will stick their faces in the liquiidty trough and pound away ala "Lardass".  It is disheartening to witness the fall of the US over such delusional processes that have completely taken over proper policy.  This is what happens when Goldman alumni rule the roost. Guaranteed implosion.

Fri, 08/31/2012 - 09:47 | 2752282 Dapper Dan
Dapper Dan's picture

speaking of Goldman, look what I found on da interweb,

NOTE ————to ALL FEDERAL AGENTS – JUDGES – SEC and people honorable.


I, Steven Haas (more commonly known as Laser Haas)


This, the 11th day of April 2012

REAFFIRMED this, the 15th day of May 2012

do state and affirm the items here to be True and Correct that


Mitt Romney is benefitting from federal fraud Continuously.


Romney was “still” CEO of Bain until August 2001

Bain with their cohorts Goldman Sachs, Paul Traub,

Barry Gold and law firm

CONSPIRED & COLLUDED to DeFraud a Public company (eToys)

and commit State, SEC & Federal Frauds thru massive Bankruptcy Frauds

in the hundreds of millions of dollars.

And the PROOF Is Overwhelming & Profuse via Public Docket Records

Through Collusion, Conspiracy and Perjury Bain Capital, with the assistance of its counsel Greg Werkheiser of MNAT and Paul Traub – stole the federal bankruptcy estate assets of eToys in 2001. Due to Smoking Gun evidence discovered by this Affidavint party - Both MNAT and Paul Traubundisclosed” relationships with Goldman Sachs and Barry Gold were reported.

Since that time – MNAT has confessed to its failure to disclose the Goldman Sachs relationship and Paul Traub has confessed his secret partnership with post bankruptcy petition President & CEO of eToys (Barry Gold). In 2001 and 2002, deals were made with Bain Capital and Kay Bee Toys to give away the assets to them – basically for free.

However, MNAT and Paul Traub, despite an Order of October 4, 2005, by Chief Bankruptcy Justice Mary F Walrath – to disclose all other relationships; the parties have failed to mention their connections to Bain Capital and Kay Bee Toys. This Collusion and Conspiracy is accomplished by Perjury.

Compounding these issues are Department of Justice items of corruption – where the United States Attorney in Delaware, from 2001 to 2008 – refused for those 7 years – to investigate or prosecute the parties. Even after they had admitted to “Intentional” fraud on the court. This is because the United States Attorney in Delaware was Colm Connolly. USA Connolly also had his own conflict of interest – he failed to inform us (while refusing to prosecute the parties) – that Colm Connolly was a partner at MNAT in 2001. The very year the crime spree began.

Fri, 08/31/2012 - 09:16 | 2752165 khakuda
khakuda's picture

The WSJ is usually free market in its thinking, one would think Hilsentrath should be writing for the NYT with these articles pandering to central planning.  I find it laughable that both Bernanke and Greenspan claim to be fans of Ayn Rand when their jobs are the antithesis of what she stood for.

Continued uncertainty, whether fiscal or monetary, is not helpful for the economy.  It is beyond pathetic that equity, fixed income, currency and commodity markets are beholden to the musings of one man.  Something is obviously very wrong.  The biggest service Ben could do to all of his fellow Americans would be to say, "I'm done.  Barring any actual emergencies/panics/real seize ups in the markets, we're done."

Fri, 08/31/2012 - 09:37 | 2752245 Spastica Rex
Spastica Rex's picture

I thought Ayn Rand stood for personal fulfillment. Seems like Ben is doing a cracking job.

Fri, 08/31/2012 - 09:24 | 2752202 Silverhog
Silverhog's picture

Wonder if any of these will show up in Ben's word cloud. Labor camps, ass rape, confiscation, riots, dog shit, pure luck, economic diarrhea, dart board.

Fri, 08/31/2012 - 09:25 | 2752205 TrustWho
TrustWho's picture

Thank-you Tylers. Greenspan and Bernanke must be correctly linked and the Fed's stupidity per crisis are much more important than their actions after the horses have left the barn. The basic rationale for central bank is to be counter-cyclical such that they raise interest rates in the "good times" and reduce interest rates in the "bad times". THe ONLY Fed chairman that should be worshipped is Paul Volcker. Paul Volcker makes Greenspan and Bernanke look like the spineless pygmies they are. 

Fri, 08/31/2012 - 09:33 | 2752227 khakuda
khakuda's picture

You are right and the problem is they are NEVER countercyclical.  For 25 years, they've had a non-symmetrical policy:  Keep rates lower than inflation at almost all times, let bubble build and build, raise rates for 5 mintues, crash bubble and keep rates well below inflation until next bubble builds.

A monkey could do it.

Fri, 08/31/2012 - 09:37 | 2752244 earnyermoney
earnyermoney's picture

Paul Volcker set the precedent for bailing out the banks. Think Continetal Illinois. F Paul Volcker.

Fri, 08/31/2012 - 09:53 | 2752323 TrustWho
TrustWho's picture

At least the board of directors and top management were removed and bank shareholders were substantially wiped out.

Because all banks are insolvent, depositor's faith is critical to keeping any bank an on-going concern. (Also, the ignorance of the depositor about how the bank uses their deposits helps the bank being an on-going concern.) Therefore, bailing out the depositors will always be a foundation of any future baning system until countries go broke supporting the false premise of bank solvency.

Fri, 08/31/2012 - 09:28 | 2752219 alfred b.
alfred b.'s picture


     It's obvious that Barnank is the promoter, posterboy and enabler of the bankster cartel.

   Buy physical gold and silver while still available....and cheap!


Fri, 08/31/2012 - 17:49 | 2753949 Radical Marijuana
Radical Marijuana's picture

Yeah, the Chairman of the Fed is the King of Mainstream Morons. He could only be so consistently and totally wrong in his predictions if that was being done deliberately. If he was truly as utterly incompetent as he appears to be, then he should have guessed right some of the time. Total and consistent failures, as revealed in these old news recordings, must have been due to deliberately being wrong.

I wish that I did not believe that!

When one adds the fact that the financial collapse was a deliberate inside job, to that the events on 9/11/2001 were also an inside job, the total is that the whole world is irreversibly being driven towards world war abroad and martial law at home. We are controlled by huge lies, backed by lots of violence, serving systems of fraud and robbery. Those who were the best at being dishonest have gotten more wealthy and powerful, and effectively control civilization. They are deliberately planning to drive through more collapse and chaos, as another expression of their nature and habits.

That was why the Chairman of the Fed could be so awesomely wrong, and still be promoted and reappointed to continue to do what he is doing. However, since it is getting so extremely bad, that even the mainstream morons are starting to notice, their King of Fraud has admitted a bit of that:

Here is where Bernanke literally kicks the market in the teeth:

A second potential cost of additional securities purchases is that substantial further expansions of the balance sheet could reduce public confidence in the Fed's ability to exit smoothly from its accommodative policies at the appropriate time. Even if unjustified, such a reduction in confidence might increase the risk of a costly unanchoring of inflation expectations, leading in turn to financial and economic instability.

Fri, 08/31/2012 - 09:30 | 2752223 MFLTucson
MFLTucson's picture

This man belongs in Jail, as does Greenspan and so do many of the Wall Street gangsters. Obama is a disgrace and let this trash ruin our banking sytem.

Fri, 08/31/2012 - 09:49 | 2752293 DavosSherman
DavosSherman's picture

Bernanke is a FUCKING MORON!

In addition to the housing video above, here is more fucking proof:

“I guess I am a Great Depression buff, the way some people are Civil War buffs. I don’t know why there aren’t more Depression buffs. The Depression was an incredibly dramatic episode-an era of stock market crashesbread lines, bank runs,and wild currency speculation, with the storm clouds of war gathering ominously in the background all the while. Fascinating, and often tragic, characters abound during this period, from hapless policy makers trying to make sense of events for which their experience had not prepared them to ordinary people coping heroically with the effects of the economic catastrophe.” (emphasis mine)

That quote was authored by Ben S. Bernanke, the current chairman of the Federal Reserve Board. It is from the preface of his book, “Essays on the Great Depression.”

Fri, 08/31/2012 - 09:49 | 2752296 Nolsgrad
Nolsgrad's picture


the Nuclear Winter for Capital Markets. - @theBack9

Fri, 08/31/2012 - 09:50 | 2752300 TWSceptic
TWSceptic's picture

He doesn't seem to be lying in this video if you look for indications of that, which is more scary because then he absolutely doesn't understand economics or what is going on in the economy. I rather have a liar who at least knows what he does than a completely clueless idiot.

Fri, 08/31/2012 - 18:04 | 2753965 Radical Marijuana
Radical Marijuana's picture

I wish you were right, but I do not think so ... The established systems pick the people who are the best at being dishonest to advance their agenda. The only exception might be the Mark Twain observation that the best liars believe their own lies.

Such deliberate blindness is a both a natural talent and a learned skill. It is a refined form of dishonesty to be able to delibately ignore evidence and logical arguments, that one does not like, to continue to believe in the bullshit that one does like. It is practically impossible to tell how brainwashed someone like Bernanke actually is inside of their own head. We can no more audit the Fed than cross-examine its Chairman to attempt to discover the truth.

If we could, I believe we would discover it is far worse than we can imagine!

Fri, 08/31/2012 - 09:51 | 2752307 g speed
g speed's picture

Ben was just in over his head is all--- he let his ego (and others that patted him on the back) dictate his actions --- when I was a kid older guys used to tell me to stop thinking with my dick--- I finally grew up and learned --Ben just hasn't grown out of his knickers and propeller beanie--

Fri, 08/31/2012 - 09:57 | 2752335 Catullus
Catullus's picture

At least it's not the Greenspan who continues to demand that you show him a chart about how he's responsible.

When this pig finally goes down, you're going to realize that the fed has been underwriting derivatives through different market conduits in order to finance the leveraged positions. It's not just moral hazard, it was explicit backstops from the beginning. Too Big to Fail is not even the beginning of it.

Of course an audit wouldn't show that the Fed is the ultimate counterparty to all IRS and FXswaps, you just have to understand some advanced math to see how quickly cash demands come in. How structured those cash calls are. And how large the cash demands are relative to capital in the system. For culpability in all this, you need to go back to 1996-1997. Not for "bank deregulation", but the institutionalizing of derivatives exposure. And see clearly that the ability to create a future promise to pay is the same as having a virtual printing press.

Fri, 08/31/2012 - 10:29 | 2752549 Inthemix96
Inthemix96's picture

Yes yes, the legacy of the four foot jewish zionist and all their plague infested friends.

Hear this people.  If and when the shit really does hit the fan, what then?  Who you gonna look to, to help you and yours?  The same old zionist banker shills?  Ron Paul?  Mitt Romney?  Barry Sotero?

You think these fucking parasites on the face of humanity give two fucks about you or yours?  Wake the fuck up then.  When this comes down it will be you, your family, your friends, your neighbours and your community, all else is bullshit.  Just say it takes six months to a year to get our collective shit together.  What then?  You want another Ben Bernank?  Tim Geithner?  George Soros?

Anyone?   I am sorry to have to post this most compelling fact but dont you think these zionists have this covered?  After they pit us off against each other and potential millions die, who is left to steer the ship?  Do you think it will be inthemix?  Or like minded in my own opinion decent people who will look out for one an other without looking at someone and seeing how we can extort and manipulate them?  Or do you think the likes of Ben Shalom will jump in their bunkers and wait for the storm to pass?  Only to jump out again and declare themselves you're saviour again?

I really am afraid, after being asleep most of my life and then waking up, finding places like ZH has really made me think that unless the good guys are prepared to stand up and be counted, all else is futile.  These fucking idiots will gladly send you and your children to Afganistan for you and kids to have legs blown off and all types of trauma, while they sit in their ivory tower with their fucking kids laughing all the way to the bank.

I'm sorry, I say no, and I know a lot of blokes who feel the same.  The only way you can tackle violence, especially if they will use it first is violence.  I opt out, I want no more part in this false paradigm.  Me and my kids are not pawns, and neither should anyone of yours.

And to the PTB, no fucking way.  No way at all, you have had your time.  Now your time is up.  I may have been the stupidest fucker in the room who was easily duped.  You could have stopped there.  You didnt.  You could have took your ill gotten gains and left.  You didnt.  You could have done the right thing, and helped humanity for gods sake you had the fucking power and opportunity to do it.  You didnt.  You ultimately involved my kids, and other thouroughly decent folks kids.  You crossed the line, and people like me have to take a stand.  You take me out?  So be it.  The world is legion, and you lot are a small bunch of fucking leeches.

You may not realise it PTB, you have already lost.

(sorry for the rant, but I am fucking pissed off)

Fri, 08/31/2012 - 11:11 | 2752753 TrustWho
TrustWho's picture

You, your family, your kids, your community, your powerless friends, all of the powerless have been used by the powerful. So what? You describe the history of humanity.

What are you going to do? What do you want others to do? How are you going to create a better world? How are you going to improve your place in this world?


Fri, 08/31/2012 - 11:26 | 2752802 Inthemix96
Inthemix96's picture


Fairplay, I do what I can when I can.  Who the fuck am I to change things?  I have no high up connections to fucking no one, I live as I was brought up and how I see fit.  I hurt no one, I rob no one and I pay my way.  Why the fuck should I when all I see is fucking corruption at all levels but starting from the boses at the fucking top?

This game is over.  I am fucking frustrated cos all you fuckers do is come out with counter arguments.  What the fuck are you gonna do then?  How you gonna do it?  If we came to fucking gether instead of bitching and fucking arguing what could we potentially achieve, what then?  You think real hard working normal fucking people could just get along and stop fucking each other over?

I can only do by me and mine.  Its time we all stopped the bullshit and infighting and came together.  It really is our only hope

Fri, 08/31/2012 - 16:40 | 2753786 TrustWho
TrustWho's picture

Agree. Is it Tylers duty to bring us together? Do we re-write the Declaration of Independence and revolt?

I think we are fudded no matter what anyone does, but I do want to do something. One thought would be to demonstrate at all the FED sites across the country? Or we could start a real Fight Club? Or we could bring this bullsheet to an end and start a bloody revolution, default on our debt and start all over agains? Or? 

I feel your frustration. I have mostly moved passed frustration and moved into total disappointment. Disappointment starts with myself, because in 1985 I worked with Dr. Lawrence Chimerine on a committe he created to address the "crowding out" effect President Ronald Regan's huge debt funding would cause. We had one meeting at the Fed's office in DC. In 1985 we were right and time has proven we were right, but we got 0 traction in 1985. The insidiously addictive nature of sovereign debt financing was apparent to all logical people, but people could not feel the pain---in fact they felt the joy of debt financed growth.

Go to Europe today. Any Spanish bank with the ability to loan money can buy a 2 year Spanish debt obligation or provide a commercial loan to a Spanish businesswomen. Which loan does the bank make? Same holds true in USA today. I have yet to hear the dangers of the government's borrowing needs crowding out the ability for businesses to get a loan in the media, but it is a huge problem. After 1985, I stopped my public activity and just went along for the ride. The late 90's shocked me, but all hope died on 9-11-01. I must confess 5 years went passed before I realized Osama Bin Laden had deeated America. They started a debt funded spending frenzy that lead to the 2008-09 implosion.

In the end, I am disappointed I did not do more even though I would have failed because my focus was a message of austerity and responsibility versus the winning mesaage of live large and enjoy.    

Fri, 08/31/2012 - 11:12 | 2752755 Bartanist
Bartanist's picture

"No Cred Fed" or "You have to lie when it gets serious"?

Does it really matter? I think not.

Fri, 08/31/2012 - 12:25 | 2753021 larz
larz's picture

impressive i can only dream of such a track record i am truly humbled give him and all academics a raise - (bankers dont bogart its not polite) oh and charge whatever you want for such great knowledge

Fri, 08/31/2012 - 23:06 | 2754500 FRBNYrCROOKS
FRBNYrCROOKS's picture

When can we see the MAGIC UNDIES?

Do Mitt's undies smell, less, untoward than mine?

How about Mrs. Romney's MAGIC UNDIES?

Can we smell these, very, sacred UNDIES?

The, 199 million, disenfranchised, voters want to know?

Does Diebold have a 1-800 number?

Tue, 09/04/2012 - 14:16 | 2761218 dadichris
dadichris's picture

DEFAULT and debt forgiveness are the only options we should be talking about

Do NOT follow this link or you will be banned from the site!