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CTRL+SPIN 3: The Fed Propaganda Tour Live Re-Educates Us On Their Response To The Financial Crisis
Today could be the day when all your beliefs and misconceptions of the great central banking machine are set straight. After explaining to us in the previous two lecture how the gold standard is just silly, why central banks are constitutionally awesome, and how the Fed almost single-handedly created the US since World War II, today's piece-de-resistance is Bernanke's take on his own response to the financial crisis. We are sure it will be thorough in its discussion of the massive and entirely hidden loans for nothing that were given to the banks, how they encouraged the risk-taking that led to it via their regulatory mis-controls, and removing MtM and unlimited free-money helped the world go around - all the while maintaining a strong-dollar policy inline with Treasury's apparent mandate. As far as Word-Bingo: Tweet if you hear the word 'Helicopter' or 'Printing Press' or 'Level 3 Assets are all worthless illiquid junk at best' and if Bernanke says 'CDO' more than 10 times, we all get an animated silver bear.
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In the meantime - here are the bears explaining the link between OTC Derivatives and the financial crisis (with a sprinkling of Corzine, Rubin, and Greenspan).
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Love those bears!
Ben Shitter Bernanke, the asshole who shits Benjamins in a vain attempt to keep the status quo stumbling along for one more day.
Can someone explain to me how you can have The FED and 'Balance Sheet' in the same sentance??
I mean, they creat money out of thin air, use that money to buy 'assets', so in a sense do they really not have anything to balance, they really just own a bunch of stuff and paid nothing for it....confused
* i am solely going insane to the world around me and everyone I talk too at home thinks I am nuts (i know Im not)...I have given up trying to reach people.
I am selling my home and people thinnk I am an idiot...prices only go up stupid!!!!!
The Secret of Oz - Winner, Best Documentary of 2010
Money As Debt-Full Length Documentary
The Money Masters - Full Version
Money, Banking and the Federal ReserveYa know, Ben kinda looks like a cuddly teddy bear. I wonder what color's the teddy.
Here's another good one that shows what the remainder of the banker bust-out of the US will probably look like.
Argentina's Financial Collapse - https://www.youtube.com/watch?v=Zsqa-YHE36A
my roomate's sister makes $85 hourly on the computer. She has been fired from work for 6 months but last month her paycheck was $16158 just working on the computer for a few hours. Read more here ..... http://lazyCash9.com
Hmmm. "Money" out of thin air. Did Ben print her paycheck?
Your roommate's sister makes $85 hourly ON HER KNEES...
Now that he's buying European debt, will he also soon be buying Chinese debt?
Chinese developers rush to unload ?5 trillion inventory
Everbody Hates Banksters...............
Every bankster hates you (and everybody else who doesn't buy their BS)
Another pile of shite
It's only (Fed) propaganda when you don't believe it.
To some (including lifelong PhD academics devoted to the study of the First Great Depression) it is the Almighty Gospel (fire and brimstone Old School Testament, Book of Ben).
shhhhh! you'll attract MDB!
Fuck you Bernanke
The tragedy of the Tulip craze was that people stopped buying tulips, Bernake has fixed the problem. Bullish
the reality is... there aren't any tulips...
The only TRUTH (vis-a-vis "TULIPS") is... If a central bankers TULIPS are moving, there's ZERO TRUTH involved...
He does look a bit like Lenin.
Ben is so smart. He's a college man.
http://www.youtube.com/watch?v=DhrfhjLd9e4
junk BERNANKE
Ben was shooting the bird?
yes, I think so. A big FU to the "little people". Passive-aggressive Ben.
FED 100 year charter up for renewal in 2013. It has begun its campaign, we should as well. Write your Senators & House Reps, encourage OWS to draw attention to this VERY important issue. There are three enormous scams in this world, and fake money enables the other two. War (Wash DC), Religion (Vatican) and Private Money Creation (London, courtesy of your gods on earth, the Rothschilds)....
"Upon the filing of the organization certificate with the
Comptroller of the Currency a Federal reserve bank shall become a
body corporate and as such, and in the name designated in such
organization certificate, shall have power -
First. To adopt and use a corporate seal.
Second. To have succession after February 25, 1927, until
dissolved by Act of Congress or until forfeiture of franchise for
violation of law."
from here: http://codes.lp.findlaw.com/uscode/12/3/IX/341
I do not think the charter is up anytime soon...although I could be wrong.
SamAdams:
As I just mentioned to NedZ below, the charter automatically renews as per amendment of the Fed Reserve Act (i.e. The Federal Reserve lives on like a blood-sucking vampire until the Congress affirmatively acts to revoke its charter).
*Edit - fuu beat me to the punch. You are not wrong, fuu.
Not being a lawyer I am not confident my interpretation of the law is accurate. Thanks for the confirmation.
Is it certain that MF was using derivatives? I thought they were buying govt debt.
according to Jim Willie MF'G was JPM derivative anchor in US. "the" Alan Greenspan? bwahahahahahahaha.
Pink Slime.......more of it all the time.....filling every nook and crannie of the American culture.....sad.
time for another live post of the federal reserve twitter page...
so we can let Ben know how we appreciate the great work he did...
It ought to be somewhat obvious that the very need for Benron to go on this charm-offensive points to the utter and complete failure of his CTRL+ALT+P "solution" to the crisis of his and his central bankster comrades' own creation.
Then again, I'm not part of the bankster cabal and am therefore just a useless eater and oxygen consumer, so what do I know?
Stop lying to these children you friggin' POS Bernanke!
Renewal of Fed Charter is a slam dunk in the management of the Empire, absent some economic catastrophe between now and then. Even then, the Fed will backfill the craters with freshly printed FRNs and announce all is well. If you don't believe all is well, that belief will be enforced by the power of state coercion, as We The People have lost control of our government and it will not come back without a serious fight.
The charter automatically renews as per amendment of the Fed Reserve Act (i.e. The Federal Reserve lives on like a blood-sucking vampire until the Congress affirmatively acts to revoke its charter).
I think the student's questions are getting better, but I'd still rather see people like William K. Black or Peter Schiff doing the questioning. That I would pay to watch.
Hopefully these stirring Bernanke presentations will come out on Blu Ray soon. I love the nervous quiver of a failed liar's voice in HD.
It is really funny to watch / listen to both videos at the same time (which one can do).
Bernanke speaks in terms of text books, the Bears speak in terms of what actually was the outcome of pursuing Ben Dover's text book theory...I mean policies.
Joey Naylor: ...so what happens when you're wrong?
Nick Naylor: Whoa, Joey I'm never wrong.
Joey Naylor: But you can't always be right...
Nick Naylor: Well, if it's your job to be right, then you're never wrong.
Joey Naylor: But what if you are wrong?
Nick Naylor: OK, let's say that you're defending chocolate, and I'm defending vanilla. Now if I were to say to you: 'Vanilla is the best flavour ice-cream', you'd say...
Joey Naylor: No, chocolate is.
Nick Naylor: Exactly, but you can't win that argument... so, I'll ask you: so you think chocolate is the end all and the all of ice-cream, do you?
Joey Naylor: It's the best ice-cream, I wouldn't order any other.
Nick Naylor: Oh! So it's all chocolate for you is it?
Joey Naylor: Yes, chocolate is all I need.
Nick Naylor: Well, I need more than chocolate, and for that matter I need more than vanilla. I believe that we need freedom. And choice when it comes to our ice-cream, and that Joey Naylor, that is the defintion of liberty.
Joey Naylor: But that's not what we're talking about
Nick Naylor: Ah! But that's what I'm talking about.
Joey Naylor: ...but you didn't prove that vanilla was the best...
Nick Naylor: I didn't have to. I proved that you're wrong, and if you're wrong I'm right.
Joey Naylor: But you still didn't convince me
Nick Naylor: It's that I'm not after you. I'm after them.
[points into the crowd]
Nominal gDp's (2 year) rate-of-change peaked in the 2nd qtr of 2006 @ 12%. Bernanke let it fall to 8% by the 4th qtr of 2007 (or by 33%). It fell to 6% in the 3rd qtr of 2008 (another 25%). It then plummeted to a -2% in the 2nd qtr of 2009 (another - 133%).
What caused this phenomenal decline? Long-term monetary flows (our means of payment money X's its transactions rate-of-turnover) began to trend lower in March of 2006 (coterminous with the peak in the housing market). Monetary flows are equal to aggregate monetary purchasing power, which in turn is equal to nominal gDp (the value of all final goods & services produced within one year).
I.e., after Bernanke was inducted as Fed Chairman, money flows proceeded to fall for 29 consecutive months. By Jan 2008 money flows were projecting a negative rate-of-change in nominal gDp for 4th qtr 2008.
Federal Reserve Chairman Ben Bernanke deliberately engineered this protracted decline in money flows. Ben Bernanke pricked the housing bubble & forced our economy into a recession/depression. Ben Bernanke had time to prevent the 4th quarter debacle. This is another example of the dangers of overeducation.