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CTRL+SPIN: Ben Bernanke And The Fed Propaganda Tour Live

Tyler Durden's picture




 

A few days ago we noted that the Fed's propagnda is slowly encroaching into the 8-12 classroom with "Fed To Take Propaganda To The Schoolroom: Will Teach Grade 8-12 Students About Constitutionality Of... The Fed" in which the Fed's appointed class agenda would allow "students to use their knowledge of McCulloch v. Maryland and the necessary and proper clause to consider the constitutionality of the Federal Reserve System." You know - just in case kids get ideas early on. And now that Grades 8-12 are covered, it is time to take the propaganda tour to college. From the Fed: "In March 2012, Chairman Ben S. Bernanke will deliver a four-part lecture series about the Federal Reserve and the financial crisis that emerged in 2007. The series begins with a lecture on the origins and missions of central banks, followed by a lecture that will discuss the role and actions of the Federal Reserve in the period after World War II. In the final two lectures, the Chairman will review some of the causes of, and policy responses to, the recent financial crisis, focusing specifically on the actions of the Federal Reserve. The lectures are being offered as part of an undergraduate course Leaving the Board at the George Washington University School of Business." Watch Bernanke as he shifts from the default CTRL+P mode to CTRL+SPIN. Also, we are taking bets on how many times the Chairsatan will use the words "Andrew" and "Jackson" in the same sentence: making a market at zero and under.

Live video from your Android device on Ustream

Below is the Chairman's recommended reading list:

 

And finally, the blooper reel:

 

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Tue, 03/20/2012 - 12:48 | 2273710 EscapeKey
EscapeKey's picture

Oh I do love a good puppet show. Watch out for the strings attached to Bernanke.

Tue, 03/20/2012 - 12:52 | 2273727 TruthInSunshine
TruthInSunshine's picture

 Ben Bernanke in new effort to demystify Fed

 

We should start a campaign to provide free copies of The Creature From Jekyll Island to all students, grades 8 and up.

Tue, 03/20/2012 - 12:52 | 2273734 Thomas Jefferson
Thomas Jefferson's picture

I already have that book on my kids book shelf.  Hes only in kindergarten but I read him a few pages every night.

Tue, 03/20/2012 - 12:57 | 2273755 chumbawamba
chumbawamba's picture

You are one strange duck.  I try to read stuff to my kids that won't give them nightmares.

I am Chumbawamba.

Tue, 03/20/2012 - 12:58 | 2273761 TruthInSunshine
TruthInSunshine's picture

I say it's never too early to warn them about predators.

Tue, 03/20/2012 - 13:04 | 2273786 Harlequin001
Harlequin001's picture

Ah yes, that's the one where he tells us that small investors aren't being crowded out of investment markets by the Fed's cheap loans because investors have access now to lots of cheap capital.

It seems to matter not one jot that small investors don't need access to cheap loans because they already have capital, but nowhere to invest.

Personally I can't wait to hear the pure common sense and bullshit-free lines that can only resonate with the totally stupid, which these days seems to be in Ivy League Universities and other places of that ilk...

Tue, 03/20/2012 - 13:15 | 2273835 Ratscam
Ratscam's picture

"The banking panic occurred because of illiquidity in the market. Banks borrowed long term and their customers wanted their money short term."

Nice Ben troll. Not much different than today! A total mismatch of investment duration, this within a hugely leveraged fractional reserve banking system.

Hence more CTRL + P, else the system would have blown or will blow up soon.

Tue, 03/20/2012 - 13:25 | 2273880 ShankyS
ShankyS's picture

"I am one of those who do not believe the national debt is a national blessing...it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country." —Andrew Jackson, letter, April 26, 1824 

Tue, 03/20/2012 - 14:57 | 2274261 whstlblwr
whstlblwr's picture

Poor Bernanke, he has to make the case that the corrupt bankers are good for the people.

I just finished reading Comrade J (from leaked info on Wikileaks. Fuck looks like everyone is a paranoid who thinks everyone is a spy making up shit.

But probably now the Russians and the Chinese think this is a good opportunity to recruit when so many in the US are mad at government and need cash. Anyone here who is approached, these two countries are 100 times more corrupt than the US. We can return America to constitution from within the system.

Tue, 03/20/2012 - 15:41 | 2274461 TruthInSunshine
TruthInSunshine's picture

<--Hit +1 to cast your ballot for Old Hickory (balls of steel Patriot)

 

 

"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves."

 

-- Andrew Jackson

(1767-1845) 7th US President *In 1836, Jackson forced the closing of the Second Bank [Fractional Reserve Charlatan Printshop] of the U.S. by revoking its charter.
Tue, 03/20/2012 - 15:15 | 2274345 greased up deaf guy
greased up deaf guy's picture

terrorist!!! lol

Tue, 03/20/2012 - 13:26 | 2273883 Harlequin001
Harlequin001's picture

Which is in no way different to the run up to Weimar, and the outcome this time will be different only to the extent that it will be much worse, and the opportuity to benefit for gold holders will be so much better...

Tue, 03/20/2012 - 13:03 | 2273790 redpill
redpill's picture

*** FOR IMMEDIATE RELEASE ***

March 20, 2012  Washington DC - Federal Reserve Chairman Benjamin Shalom Bernanke has announced plans to start a new fraternal organization for students called the Keynesian Youth.  They will be issued uniforms, and practice daily salutes to the nearest Federal Reserve member bank.  "He alone who owns the youth," intoned Bernanke, "gains the future."

 

Tue, 03/20/2012 - 13:12 | 2273822 francis_sawyer
francis_sawyer's picture

Keynesian "utes" bitchez!

(sorry Slewie, jumped the gun)...

Tue, 03/20/2012 - 21:31 | 2275513 Papasmurf
Papasmurf's picture

Especially sexual predators like these.

Tue, 03/20/2012 - 13:04 | 2273764 hedgeless_horseman
hedgeless_horseman's picture

 

 

Fight back. 

Teach this book to children (begin by telling them they must make the payments on your credit card for you). 

Donate it to libraries and and recommend it at book clubs. 

Bring copies to church for the clergy.

Give it as a gift to loud, angry, old folks that cannot afford to retire.

Tue, 03/20/2012 - 13:16 | 2273828 HamyWanger
HamyWanger's picture

Some of them may get interested, but the vast majority of American people don't care about your conspirationist and anti-Semite "books", and never will

And the majority holds the power in a universal democracy. Too bad for libertarian losers and randian nutjobs.

Tue, 03/20/2012 - 13:18 | 2273852 Hippocratic Oaf
Hippocratic Oaf's picture

What the fuck does this have to do with ASS-umed anti-seitism?

Tue, 03/20/2012 - 13:19 | 2273857 Hippocratic Oaf
Hippocratic Oaf's picture

*semitism

Tue, 03/20/2012 - 13:24 | 2273877 HamyWanger
HamyWanger's picture

Well, it is not by chance that I very often see the words "hofjuden", "yid" and 'judefetzen" on the libertarian blogosphere, is it?

These words come from very ancient and very dangerous theories about the banking system, power, the origin of money, and the nature of the Jewish people.

And the "Second Look At The Federal Reserve" of Griffin simply recycles these theories: that bankers are inherently bad, that central banks function mostly as a proxy for legally counterfeiting money, that old banker dynasties rule the world and have bought up the medias, etc.

Tue, 03/20/2012 - 16:19 | 2274621 NidStyles
NidStyles's picture

So what in the hell does that have to do with anti-semitism. More so, who are you to tell us that history as it's told is dangerous?

 

The Creature from Jekyll Island has little to do with what you are talking about. I personally do not need you to look out for me, I'm perfectly capable of reading something and understanding on a level sufficient to formulate my own opinion. So take your self-righteous morally relative ass somewhere else.

Tue, 03/20/2012 - 13:26 | 2273886 TruthInSunshine
TruthInSunshine's picture

Hammy, now that I think about what you are saying, maybe Murray Newton Rothbard & Milton Friedman were vicious anti-semites...

Tue, 03/20/2012 - 13:31 | 2273902 HamyWanger
HamyWanger's picture

Self-hating Jews exist, and they are an eternal shame and source of incomprehension for me and my people.

Rothbard, the guy who praised David Duke and got him a seat on the Louisiana house is a good example, now that you mention it.

Tue, 03/20/2012 - 14:41 | 2274198 Hedgetard55
Hedgetard55's picture

"your people" don't name themselves Hamy, or eat it either. Where is your brother/alter ego, MDB?

Tue, 03/20/2012 - 17:50 | 2274933 TruthInSunshine
TruthInSunshine's picture

Hammy is actually Harry Wanger's (the urinal cake salesman whose business is very liquid) alter-ego.

Tue, 03/20/2012 - 16:22 | 2274634 NidStyles
NidStyles's picture

You don't understand Libertarian thought is you really think Rothbard was a self-hating Jew. I'd offer that you are the real bigot here, and are intolerant to other people whom may not agree with you.

 

That or you're just another Internet douche-bag, take your pick.

Tue, 03/20/2012 - 15:29 | 2274404 Clashfan
Clashfan's picture

Lemme guess, another dolt who thinks Oswald shot JFK and buildings fall at freefall speed into their own footprints.

 

Do you even know what "anti-semitism" means? Ever hear of Shem?

Tue, 03/20/2012 - 19:04 | 2275153 merizobeach
merizobeach's picture

Listen, dude.  MDB is funny; you are not.  STFU.

Wed, 03/21/2012 - 02:56 | 2275978 StychoKiller
StychoKiller's picture

Whoa!  It's a good thing that the US Govt is a Republic, then!

Tue, 03/20/2012 - 13:51 | 2273985 falun bong
falun bong's picture

"Creature" is required reading. When the Second Bank of the United States was shut by Jackson, the banksters knew they had to do things differently on their next try. The MidWest and West Coast banks were stealing too much business away from New York and they wanted it back. So they embarked on a ten-year program of propaganda and politician-buying to be sure their next effort to establish a banker's OPEC cartel for our money succeeded in 1913. The program subtly convinced enough politicians that the US needed a CB, and the Fed was born. Rue the day.

Tue, 03/20/2012 - 18:54 | 2275129 In Fed We Trust
In Fed We Trust's picture

thats what this guy is doing

 

http://www.facebook.com/patrickthepainter

 

Tue, 03/20/2012 - 12:58 | 2273763 Dr. Engali
Dr. Engali's picture

Great book. I keep it on the bedside table as a constant reminder.

Tue, 03/20/2012 - 13:04 | 2273797 TruthInSunshine
TruthInSunshine's picture

My new book for elementary school-aged children is coming out soon, titled, There's A Fractional Reserve Banking Monster Under Your Bed!

Tue, 03/20/2012 - 19:06 | 2275163 merizobeach
merizobeach's picture

And in your pocket, eating your wallet.

Tue, 03/20/2012 - 14:21 | 2274098 Odin
Odin's picture

Just order my copy of it (used)... Funny how hard this book is to find isn't it...

Wed, 03/21/2012 - 14:23 | 2274949 TruthInSunshine
TruthInSunshine's picture

Most who have the book are likely to either loan or give it to you for the asking.

I think there's a .pdf copy floating around the interwebz somewhere, not that I'd ever want to deny the author his well-deserved tribute.

Tue, 03/20/2012 - 12:52 | 2273737 battle axe
battle axe's picture

And how much is this  "presentation" costing us?

Tue, 03/20/2012 - 13:51 | 2273978 Harbanger
Harbanger's picture

Nothing, it's public screwel. Is it much different than Al Gores Global Warming indoctrination in schools.  At least Ben can have the food police put some extra fiat in their lunchbox.

Tue, 03/20/2012 - 13:07 | 2273805 Silver Bug
Silver Bug's picture

Uh oh Ben is talking time for the manipulated Gold and Silver Crash!

 

http://davidmorganblog.blogspot.ca/

Tue, 03/20/2012 - 14:15 | 2274076 slaughterer
slaughterer's picture

This turn towards PR spin means ... more QE is coming. 

Tue, 03/20/2012 - 20:35 | 2275376 WhackoWarner
WhackoWarner's picture

Fall of the dollar = awareness of what joke the US has become. PERIOD.

Tue, 03/20/2012 - 12:49 | 2273712 Thomas Jefferson
Thomas Jefferson's picture

Tradition?

Tue, 03/20/2012 - 12:49 | 2273713 tiger7905
tiger7905's picture

Highlights from Don Coxe, he's becoming more bullish on gold, bit late to the party...

http://goldandsilverlinings.com/?p=1934

Tue, 03/20/2012 - 13:42 | 2273717 JW n FL
JW n FL's picture

 

Come Listen to how the FED is going to screw the little people to protect Wall Street who NOT! ONLY! Robbed You Blind! but has since gained yet more ground! and has decidedly won the Battle of outright Corruption! and the Right to Celebrate the Corruption right in front of We the People!

Bernake is / has been talking about the Gold Standard for the last 15 minutes! WOW! the History of Gold as described by Helicopter Ben!

You can as well locate his bullet points (about the History of Gold) in the PDF above provided by Tyler!

The Federal Reserve's History of the Cetral Bank(s) and the Gold Standard.. This is SOOOOOOOOOOOOOOOOOOOOOO! worth watching!

***** Correction *****

This is the Power Point Helicopter Ben is using in PDF Form.

Federal Reserve Lecture Info

This is the Power Point he used during his lecture, with the Gold Standard and Federal Reserve(s) History’s.

http://www.federalreserve.gov/newsevents/files/bernanke-lecture-one-20120320.pdf

 

the elongated Gold Standard Discussion is worth taking a look in and of itself! adding in the History of the FED(s).. just makes it a keeper! 

Tue, 03/20/2012 - 12:49 | 2273719 Thomas Jefferson
Thomas Jefferson's picture

"We are not and will not monetize the debt"

Ben Bernanke 2009

Tue, 03/20/2012 - 12:57 | 2273749 TruthInSunshine
TruthInSunshine's picture

Beaker (aka Dennis Kneale gets one right on cnBSc):

 

CNBC: Federal Reserve Plan to Monetize the Debt

 

*p.s. - It's impossible to not feel the hilarity of their laughter as they discuss the open 'secret', and feel the hilarity everyone will.

Tue, 03/20/2012 - 12:49 | 2273720 GeneMarchbanks
GeneMarchbanks's picture

Ben speaks, gold ______

Tue, 03/20/2012 - 19:11 | 2275174 merizobeach
merizobeach's picture

A. tanks

B. shits

c. dives

D. goes on sale

Tue, 03/20/2012 - 12:52 | 2273735 Shadowsil
Shadowsil's picture

I think with the amount of RP supporters in college, ben may have issues during his lecture...

Tue, 03/20/2012 - 12:59 | 2273759 Jayda1850
Jayda1850's picture

Methinks this is the entire reason for doing these lectures. Bernanke sees RP drawing thousands of college kids screaming end the fed, maybe he's starting to get a little nervous.

Tue, 03/20/2012 - 13:01 | 2273783 Bastiat
Bastiat's picture

Maybe a citizen's arrest for violating the Coinage Act of 1792.

Tue, 03/20/2012 - 15:17 | 2274357 Conax
Conax's picture

Death Penalty, bitchez.

Tue, 03/20/2012 - 19:18 | 2275193 merizobeach
merizobeach's picture

Metcalf: "Do it!  Do it!"

Tue, 03/20/2012 - 13:16 | 2273838 HoofHearted
HoofHearted's picture

"Don't taze me bro" will get traded in for, "Don't bury me under a mountainload of debt, Ben." Both will have the same endings...

Tue, 03/20/2012 - 12:53 | 2273736 Toolshed
Toolshed's picture

I wonder if he will take questions from the students? If he is smart he won't. So.....he probably will.

Tue, 03/20/2012 - 13:18 | 2273851 HoofHearted
HoofHearted's picture

See the one on Youtube where Milton Friedman is taking questions...there's a video about it and it says something about a young Michael Moore.

Tue, 03/20/2012 - 12:54 | 2273738 Dr. No
Dr. No's picture

Once a scholar, always a scholar.  I bet the FED shareholders snicker when they hear about Ben doing this stuff.  Bernanke is the Phillip Green of the FED.

Tue, 03/20/2012 - 12:54 | 2273739 dwayne elizando
dwayne elizando's picture

They should hand out credit cards while they perform their open mouth operations.

Tue, 03/20/2012 - 12:54 | 2273742 Let them eat iPads
Let them eat iPads's picture

The Cub Scouts are passe, these days all the cool kids want to join the Young Federal Reservists Club of America.

You get to learn how to use a really big printer at camp.

Tue, 03/20/2012 - 13:59 | 2274014 Schmuck Raker
Schmuck Raker's picture

Fed Master: [ Continues to feel Inkwell Boy’s cheek ] My beard is scratchy Inkwell Boy but it gives good back rubs…

Inkwell Boy: Yeah um, yeah I’ll take a rain check on that mister Berninke.

Tue, 03/20/2012 - 12:55 | 2273746 fbrothers
fbrothers's picture

Man, he put me to sleep in the first three minutes. What a dud. Boilerplate bureaucrat "yes man".  Hey Ben, have you ever had a idea in your life? I know you were never taught to think.

 

Tue, 03/20/2012 - 12:56 | 2273752 gorillaonyourback
gorillaonyourback's picture

really,  where andrew jackson when we need him,,,,,,, like to see been and andrew in a duel

Tue, 03/20/2012 - 12:56 | 2273753 Dr. Engali
Dr. Engali's picture

The fifth and the 10th plank of the communist manifesto:

Fifth Plank: Centralization of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly. (The Federal Reserve Bank, 1913- -the system of privately-owned Federal Reserve banks which maintain a monopoly on the valueless debt "money" in circulation.)

Tenth Plank: Free education for all children in public schools. Abolition of children's factory labor in its present form. Combination of education with industrial production.

Tue, 03/20/2012 - 12:57 | 2273754 Negro Primero
Negro Primero's picture

 

'HOT: Bernanke in Panic'

 

" ... He's a rat in a cage, whatever he does print or not print, it is going to be a mess. If he continues to print, the price inflation is going to get out of control. If he stops printing, he crashes the manipulated boom economy."

 

http://www.economicpolicyjournal.com/2012/03/hot-bernanke-in-panic.html

Tue, 03/20/2012 - 12:58 | 2273765 lizzy36
lizzy36's picture

Oddly, they seem to have skipped the portion where Bernanke completely missed the coming crisis of 2008.

One wonders, with Bernanke doing his victory lap, why nobody is questioning his participation in creating and misdiagnosing, the financial crisis, up until the point the financial system was within 12 hours of shutting down.

From March 28, 2007:

Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that growing
troubles in the market for risky mortgages thus far doesn't appear to be
spreading to the overall economy but the situation bears close watching.

"At this juncture . . . the impact on the broader economy and financial
markets of the problems in the subprime markets seems likely to be contained
,"
Bernanke said in prepared testimony to Congress' Joint Economic Committee.

One wonders, if action had been taken in 2006-2007, whether millions of people would have found themselves without jobs and homes? 

The Federal Reserve PR machine can work overtime trying to demonstrate how well they work. The bottom line is the USD has lost 99% of its value over the lifetime of an institution who founding purpose was "price stability". Next time Leisman find Bernanke in an elevator shaft, he might want to ask him about that (or not, as will likely be the case).

Tue, 03/20/2012 - 13:16 | 2273836 hedgeless_horseman
hedgeless_horseman's picture

 

 

And there was this little gem in February 2010:

“We’re not going to monetize the debt,” Mr. Bernanke declared flatly, stressing that Congress needs to start making plans to bring down the deficit to avoid such a dangerous dilemma for the Fed.

 

http://www.washingtontimes.com/news/2010/feb/25/bernanke-delivers-warning-on-us-debt/?page=all

Tue, 03/20/2012 - 13:31 | 2273900 TruthInSunshine
TruthInSunshine's picture
Ben Bernanke's Probably Wouldn't Have Made It As A Meteorologist, Either

 

*Assuming one thinks he's not purposefully - oh, I don't know - playing the fool.

**No one could have seen it coming.

Tue, 03/20/2012 - 13:00 | 2273772 kralizec
kralizec's picture

Hope kids still like tossing spit balls...er, heavier stuff...

Tue, 03/20/2012 - 13:00 | 2273775 AccreditedEYE
AccreditedEYE's picture

God damn shame kids can't be given a mandatory Zero Hedge account.... we could REALLY start building a more sound future.

Tue, 03/20/2012 - 13:00 | 2273776 SheepDog-One
SheepDog-One's picture

Who do these FED clowns think theyre going to fool? Anyone with the brains at all already gets that its all criminal, the rest just sit and play with their iPads...theres no point in any of this.

Tue, 03/20/2012 - 13:05 | 2273779 DavidC
DavidC's picture

Wouldn't it great, although highly unlikey, for those students to give the same response that Timmah got when he lectured those Chinese students?!

I'd love it if one of the students asks a pertinent, but awkward, question (Tyler, no chance you can pass yourself off as a student is there?).

DavidC

Tue, 03/20/2012 - 13:13 | 2273827 Racer
Racer's picture

The Chinese students weren't brainwashed like the US sheeple are

Tue, 03/20/2012 - 13:01 | 2273781 Zola
Tue, 03/20/2012 - 13:01 | 2273782 Global Hunter
Global Hunter's picture

I can't believe anybody bothers to listen to the Bernank, undergrad students don't have access to the internet?  No excuses people, none at all

Tue, 03/20/2012 - 13:02 | 2273788 yogibear
yogibear's picture

Benanake and the Fed filling their brains full of lies early.  Some of these kids may be future politicians and federal reserve banksters lap dogs.

How about teaching the kids how about the Federal Reserve's fractional banking system (alias Ponzi Scheme) and how they blow enormus bubbles (current stock market and one in 2001, 1929) with easy money leading to deep recessions and depressions?  As well as massive inflation and being used as an enoumous debt enabler.

How about marking debt to fantasy? Promoting member bank members to load down our childdren with enormous school debt?

Bernanke and the Federal Reseve banksters are trying ensure their existance to leech and steal for the next 100 years from the US.

 

Tue, 03/20/2012 - 13:04 | 2273792 alien-IQ
alien-IQ's picture

Two Questions:

1) Will he have Secret Service Protection?

2) If so, does that mean that protesting his appearance will be a Federal Offense as per the new (and little discussed) law?

Bonus question:

Would throwing eggs at him while he speaks be considered 'protest"?

Tue, 03/20/2012 - 13:14 | 2273823 TruthInSunshine
TruthInSunshine's picture

He's quite approachable, but only so long as he thinks you're part of the *official MSM press core*.

This young man, Luke Rudkowski, has more balls than most. If there were more Luke Rudkowskis, maybe real, positive change could be possible.

 

Ben Bernanke Confronted by WeAreChange - YouTube
Tue, 03/20/2012 - 13:04 | 2273799 YesWeKahn
YesWeKahn's picture

I wish I had the "Delete" or "BackSpace" keys.

And I wish I can do Ctrl-Alt-Del on Bernanke.

Tue, 03/20/2012 - 13:09 | 2273813 Straw Dog
Straw Dog's picture

Interesting image of Bernanke as a student/professor at Princeton. Date unknown.

http://www.bloomberg.com/news/2012-03-20/bernanke-returns-to-academic-ro...

Tue, 03/20/2012 - 13:10 | 2273816 Racer
Racer's picture

I hope he was paying the students a LOT of money to have to endure his lies

Tue, 03/20/2012 - 13:40 | 2273942 txsilverbug
txsilverbug's picture

Money = Debt

 

Paid in full.

Tue, 03/20/2012 - 13:12 | 2273824 sunaJ
sunaJ's picture

Wow. Very interesting. It's worse than I thought.

Tue, 03/20/2012 - 13:14 | 2273830 SamAdams
SamAdams's picture

Ignorance has become ineffective in protecting the scam, so the NAZIs must now actively lie to students.  It is up to the parents to counter this attack.  I recommend, "Secrets of The Federal Reserve", by Eustace Mullins.  This book is full of thruth and also identifies the source of all issues for which the politicians scamper around and pretend to address.  Eradicate the source and the symptoms will go away.

Tue, 03/20/2012 - 13:15 | 2273833 KickIce
KickIce's picture

I'm sure he's going to tell them to buy PMs

 

If the CBs store their gold x stories down, then their vaults for the more valuble fiat must be x + 5.

Tue, 03/20/2012 - 13:16 | 2273837 sdmjake
sdmjake's picture

Not a lot of books from the www.mises.org bookstore on that list...

 

Thu, 03/22/2012 - 04:08 | 2279647 Clashfan
Clashfan's picture

Man, that is one nice a... avatar.

Tue, 03/20/2012 - 13:17 | 2273841 gjp
gjp's picture

And today's little dip is over.  AAPL almost even, and the bubble du jour is in AMZN, rising fast because they are taking more 'negative margin' share.  That's gotta be worth another couple billion in market cap easy.

And bonds are still up, gold and oil down.  Yet another orgasmic day for Banana Ben and the Evil Empire.

Tue, 03/20/2012 - 13:17 | 2273847 Scroto Gaggins
Scroto Gaggins's picture

The Fed is totally Constitutional...if you just look in the Constitution...now where is it.

 

Maybe we can'lump' it under the general welfare clause then. 

Tue, 03/20/2012 - 13:18 | 2273848 dwayne elizando
dwayne elizando's picture

Man how much xanax do you think Ben has to take in order to do his job. Intrade should do a Bens nervous breakdown bet. Everytime he speaks he looks scared to death!

Tue, 03/20/2012 - 13:18 | 2273850 KickIce
KickIce's picture

"Gold standards far from perfect"

 

What a D-bag

Tue, 03/20/2012 - 13:19 | 2273855 THECOMINGDEPRESSION
THECOMINGDEPRESSION's picture

The man is NUTS...He thinks it's a lot of work to bring GOLD from South Africa or out of a hole, bring it back to NY and store it.. YES its MUCH easier to use your fingers on a computer screen to create fake fiat. Why work for it?

Tue, 03/20/2012 - 13:19 | 2273859 Schmuck Raker
Schmuck Raker's picture

I've been wondering....

 

Before the announcement of Facebook's IPO everyone knew they would soon be going public due to some old SEC rules requiring disclosure of shareholder names once the number of shareholders reaches 500, even PRIVATE corporations.

 

So why doesn't this rule apply to the FED? I'm sure the FRBNY must have more than 500 member banks.

 

Obviously, I can't be the first to ask this question.

Maybe someone here can point me to the relevant court case that must have been previously adjudicated.

Tue, 03/20/2012 - 13:20 | 2273864 KickIce
KickIce's picture

"A gold standard doesn't leave the fed any flexibility"

 

He left out the word manipulate, waiting for him to correct himself,

Tue, 03/20/2012 - 13:25 | 2273878 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You can't eat gold!

Tue, 03/20/2012 - 13:24 | 2273879 UTICA CLUB XX PURE
UTICA CLUB XX PURE's picture

Ron Paul must be salivating!!!

Tue, 03/20/2012 - 13:33 | 2273881 xela2200
xela2200's picture

We do a poor job of protecting our kids minds, and instead we are more concerned about their physical safety. If the school is safe, then everything is fine. However, kids get attacked by Government, Religion, marketing, and even the teachers' biases who claim want to provide a "moral" or "civic" foundation. It has been a well known fact by these entities that brain washing these kids from an early age creates obedient servants. There is no mistake why the catholic church is into schools or why kids are told to pledge allegiance to the flag. Now, the central bankers want to get into the act. It is easy to see where power is shifting. Make no mistake the bankers are taking over and one day millions of brain washed kids will follow blindly.

Kids need to be taught to read and think because that is the ONLY way they can protect themselves. Everyone out there is attacking their minds. They are under constant bombardment day in and day out. They want them to buy a product, or go to war without asking, or follow a specic religion on faith alone, and now to accept a piece of paper in exchange for their labor (slavery).

The outcome will be a society of obese citizens in a constant state of depression. Thinking that if they only had this or that, or if they look like him or her, then they would be happy. Women will go under a knife to look pretty until they become deformed. People will consume until can go into debt no more. One war will come one after the other. All of these are already happening.

Even when these kids try to rebel as in the OWS movement, they are completely clueless (Rebels without a clue). They know that there is something wrong, but they can articulate it, analyze it, much less figure a solution or a course of action. In turn they again become victims to those that want them to do their bidding for their own personal profit (Michael Moore). One just needs to talk with one of them for a minute to know they are defenseless. They talk about what they know, but don't know what they are talking about. It is such a disservice done to these generation. They just don't have a chance.

 

Tue, 03/20/2012 - 14:41 | 2274196 blunderdog
blunderdog's picture

This seems like a good thing to me.  Education isn't about ensuring that people are only exposed to "acceptable" ideas. 

If you want to be free to think or believe anything, it's best to be well-informed about what the people who oppose your thoughts or beliefs are saying and doing.

Tue, 03/20/2012 - 15:05 | 2274307 xela2200
xela2200's picture

Fear is the enemy.

Tue, 03/20/2012 - 18:29 | 2275054 blunderdog
blunderdog's picture

 I'm not afraid of the "attacks" on our kids.  Are you?  (Careful how you reply--you might be aiding the enemy.)

Tue, 03/20/2012 - 19:15 | 2275187 xela2200
xela2200's picture

Then you are naive.

Tue, 03/20/2012 - 17:41 | 2274906 r00t61
r00t61's picture

The American education system was conceived of in the 1850s, by Horace Mann, who had previously studied the model used by the Prussians.  Basically, the system is designed to create a soft, pliable workforce suitable for mechanized, repetitive jobs in industrialized factory societies. 

The school bell that rings, letting you know that it's time for the next "period"?  It was originally designed to help children acclimate to the noise of the bell on the factory floor, indicating that it was time for a shift change over.

Read John Taylor Gatto for a full expose on the modern American education system.  It's nothing more than statist indoctrination, masquerading as "public service" and "for the good of the children."

Tue, 03/20/2012 - 17:58 | 2274964 blunderdog
blunderdog's picture

Largely agreed, although personally I find the most significant contribution from the "Taylorists" in the early 20th century.

The point is--there IS such a thing as education, whether you believe the government should be doing it or not.  It's valuable to be exposed to different ideas in order to learn to reason well.

Enough of the comments here are of the "it's all lies and should stop" variety that I wanted to present the other side of that discussion.  When your preferred theories are truly superior, you need never worry about exposing kids to the ideas you don't agree with.

There's a real cowardice demonstrated by refusing to listen to your intellectual opponent.

Tue, 03/20/2012 - 19:27 | 2275232 Joseph Jones
Joseph Jones's picture

Certainly your logic is true, and gives only lie to the Judaic claim that public safety demands holocaust "deniers" be imprisoned, as is the case in Canada, Germany, and many European nations. 

Just the term "denier" implies infinite righteousness on the side of holocaustianity, and infinite incorrectness on the side of those with the opposite opinion.  One can only "deny" something incontrovertible.   

Judaics claim the "truth" of the holocaust is so obvious that no one has the right to "deny" it.  How could something so obvious require imprisonment for anyone who disagrees?

The west's highest icon is a myth, a lie, a corruption and discervice/hate crime against the German race.

For instance, Judaic/Law Professor Debra Lipstadt indeed demands every holocaust denier be imprisoned, even in the USA, and certainly such deniers have no right to earn a living.  They should immediately be killed, but she might live with them being forced to starve to death.

Yet, Lipstadt hypocritically denies the allies fried 40k German civilians in a Dresden holocaust. 

It is always OK for a Judaic to hate, lie and mythologize goyim to the Judaic's advantage (money, sympathy, forgiveness, etc.)  Yet, if I or any other goyim points out the hypocrisy that a Judaic is always blessed for their lies and hate crimes against goyim, the goyim is always and only an "anti-Semite."

Judaics made up the word "holocaust" only to elevate their suffering above and beyond all goyim suffering.  

 

Tue, 03/20/2012 - 17:58 | 2274956 TruthInSunshine
TruthInSunshine's picture

Carlin was a truth sayer dressed as a comedian, and had a pretty astute observation about the purpose of 'education':

 

George Carlin on American Owners and Education - YouTube

 

 

Tue, 03/20/2012 - 19:43 | 2275272 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

That summed up things better & quicker than anything I've ever seen!

Carlin was a prophet, in a very cranky form.

Tue, 03/20/2012 - 17:58 | 2274961 TruthInSunshine
TruthInSunshine's picture

.. tap

 


Tue, 03/20/2012 - 15:34 | 2274430 irie1029
irie1029's picture

Really well said.  

Tue, 03/20/2012 - 15:50 | 2274502 Clashfan
Clashfan's picture

There are plenty of intelligent, informed, and articulate OWS protesters. How many do you know? How many have you read?

Sure, it's a big group, with lots of posers and roadside shitting Chinese citizenism. But there are plenty of thoughtful, well-read, independent thinkers out there protesting. How much protesting have you done?

 

Everybody smash up your seats and rock to this brand new beat!

Tue, 03/20/2012 - 17:42 | 2274913 r00t61
r00t61's picture

Has "Chinese citizenism" become a new ZH meme?

Thanks, AnAn!

Tue, 03/20/2012 - 13:28 | 2273890 UTICA CLUB XX PURE
UTICA CLUB XX PURE's picture

And what have you done to the farmers Ben???

Placed the crown of thorns down & tight upon their necks!!!

 

 

 

Tue, 03/20/2012 - 13:28 | 2273892 azzhatter
azzhatter's picture

How does a cunt like Bernanke still have a fucking job? This fuckwad should be a homeless fucking pissant wandering Harlem in his soiled underwear begging for dimes. And this fuckface Liesman should be his bagman

Tue, 03/20/2012 - 13:38 | 2273925 KickIce
KickIce's picture

Tried to explain what caused the depression and didn't mention derivitives.

Tue, 03/20/2012 - 13:40 | 2273936 Diet Coke and F...
Diet Coke and Floozies's picture

Ben must have the most awesome keyboard ever! CTRL+AWESOME!

Tue, 03/20/2012 - 13:42 | 2273937 Ratscam
Ratscam's picture

"if the bar looks up the economy is growing, when the bar looks down the economy contracts"

Wow, i would have never guessed.

about the 30is "The unemployment rate was very high at 13%."

Ben, check out www.shadowstats.org today! He realy believes the BS he's talking about.

Tue, 03/20/2012 - 13:46 | 2273962 Raymont
Raymont's picture

Whoops, I missed about 10mins of the first part. Call me sick, but I want to watch this again.

Can anyone post a link later so I can DL this?

 

Tue, 03/20/2012 - 13:46 | 2273965 Manchu9Inf
Manchu9Inf's picture

No doubt this was brought to the students via the Dept. of Uneduaction.  I now know the depths they will go to continually propogate the lie is endless.

Once again thanks to ZH and all the FC members here, thanks!

Buy gold, silver and hedge accordingly!!

 

Tue, 03/20/2012 - 14:02 | 2274025 Manchu9Inf
Manchu9Inf's picture

What ol'Ben should be saying is a gold standard keeps banker's honest!!

Tue, 03/20/2012 - 13:49 | 2273973 yogibear
yogibear's picture

Kids  just need to say "NO" to Bernanke and the Federal Reserve banksters. What a joke. The kids should know the Federal Reserve banksters and their member banks view them as future debt slaves. Especially with those huge student loans and maxed out credit cards!

Bernanke deserves spit balls.

Tue, 03/20/2012 - 13:51 | 2273982 peekcrackers
peekcrackers's picture

 

ben shalom bernanke I have a question ..Can I have a printing press too

Tue, 03/20/2012 - 13:50 | 2273983 Dr. Engali
Dr. Engali's picture

Not enough gold my ass.

Tue, 03/20/2012 - 13:50 | 2273984 Joebloinvestor
Joebloinvestor's picture

This should be followed up with a tour by Al Greenspan to discuss the mistakes the Fed made leading up to and contributing to the mess we are in.

Tue, 03/20/2012 - 13:55 | 2274000 alien_scones
alien_scones's picture

Tour not scheduled for Hillsdale

Tue, 03/20/2012 - 15:16 | 2274005 TruthInSunshine
TruthInSunshine's picture

Bernanke meant to say that a gold standard (or any other standard using units of anything having inherent value):

 

[W]ould prevent me from raping the CtrL+Print buttons, thus being able to induce inflationary spasms at my discretion, on behalf of my masters, allowing them to further concentrate their loot, bitchez

Tue, 03/20/2012 - 13:57 | 2274008 ziggy59
ziggy59's picture

Line up to the Bernankial Mystery Tour...
..it is a revelation...

Tue, 03/20/2012 - 14:54 | 2274252 geekgrrl
geekgrrl's picture

They would probably have more success if they dressed up and went on a circus tour as per William Bonzai 7's  ALaN GReeNSPaN'S ASSeT BuBBLe BaND.

Tue, 03/20/2012 - 13:59 | 2274013 hankwil74
hankwil74's picture

http://www.federalreserve.gov/newsevents/press/other/20120320a.htm

 

2.919 trillion in assets.... all backed by the U.S. taxpayer and denominated in the fiat currency that is the U.S. dollar

Tue, 03/20/2012 - 13:59 | 2274015 undercover brother
undercover brother's picture

is it my imagination or does he sound nervous?  why so nervous ben?

Tue, 03/20/2012 - 14:00 | 2274019 urbanelf
urbanelf's picture

Wow.  I can't believe that moron used the "there's not enough gold" argument to argue against the feasibility of a gold standard.

Tue, 03/20/2012 - 14:07 | 2274037 XitSam
XitSam's picture

I almost barfed on my keyboard when he said that. And note how he avoided saying Roosevelt devalued the dollar 70% when we went off the gold standard.

Oh yeah, silver is below $32! Back up the truck, Gracie.

Tue, 03/20/2012 - 14:29 | 2274146 urbanelf
urbanelf's picture

You know, it only costs a few cents to print a $100 bill.  That must mean that there aren't enough trees to cover the money supply.

Tue, 03/20/2012 - 15:42 | 2274469 blunderdog
blunderdog's picture

What's your rebuttal?

Tue, 03/20/2012 - 14:01 | 2274023 XitSam
XitSam's picture

He's not a very good lecturer. Although this isn't a lecture he has given before, given his reputed command of the Great Depression, and being the Chairsatan, I expected more.

Tue, 03/20/2012 - 14:02 | 2274027 KickIce
KickIce's picture

He stutters a lot.  I imagine it's difficult telling people that he's going to bend them over a log in a way that they think it will be beneficial to them.  I think Obama has this same difficulty.

Tue, 03/20/2012 - 14:20 | 2274093 txsilverbug
txsilverbug's picture

Fuck them both.  Lying pieces of shit.

Tue, 03/20/2012 - 14:08 | 2274052 10mm
10mm's picture

As Uncle Ben performs a tap dance on the youth,Satan is leaning against wall sippin on a slurpy laughing his ass off.

Tue, 03/20/2012 - 14:20 | 2274094 seamus3500
seamus3500's picture

is it sponspored by chase?

Tue, 03/20/2012 - 14:20 | 2274095 KickIce
KickIce's picture

Somebody should ask him to disclose how much gold he owns.

Tue, 03/20/2012 - 14:23 | 2274111 ChacoFunFact
ChacoFunFact's picture

The Fed is not controlled by Wall Street video:

http://www.youtube.com/watch?v=JKb8AX0Gs54&feature=youtu.be

 

No, really.  The Fed IS auditied:

http://www.youtube.com/watch?v=SIH1UHAqYWs&feature=youtu.be

 

 

 

Tue, 03/20/2012 - 18:40 | 2275084 In Fed We Trust
In Fed We Trust's picture

That's write.  It's the other way around.  The Fed controls Wall St,

 

Just look at Lehman.  They even eat their own.

 

Should of known not to have been vested in 40 billion of pyhisical real estate. 

Did Lehman thinks this is MONOPOLY like the game board. 

 

Lehman should of known better.  You hang with the cartel, its all derivatives.  No physical real estate..

Death by the old liquidity trap!

Tue, 03/20/2012 - 18:42 | 2275089 In Fed We Trust
In Fed We Trust's picture

Any one seem to ntoice that Joe Corzine pleaded that he was caught in a liquidty trap and yet he was able to make a million transactions in his last day of business.  Explain that one to me, Tyler.

Tue, 03/20/2012 - 14:58 | 2274274 Dermasolarapate...
Dermasolarapaterraphatrima's picture

Great article...thanks!

Tue, 03/20/2012 - 15:21 | 2274374 malek
malek's picture

 the Chairman will review some of the causes of, and policy responses to, the recent financial crisis

Now let me guess which ones he won't mention...

Tue, 03/20/2012 - 15:22 | 2274376 jomama
jomama's picture

i totally want the concert t-shirt!

 

hell, i'll design my own!

 

(i promise not to lift the ZH logo, though i'd love to spread the word!)

Tue, 03/20/2012 - 15:40 | 2274451 Clashfan
Clashfan's picture

We will teach our twisted speech

to the young believers!

We will train our blue-eyed men

to be young believers!

Tue, 03/20/2012 - 16:39 | 2274693 rew2
rew2's picture

The Creature From Jekyll Island is an excellent book.

But also make sure your children know what's in article I, section 10 of the U.S. Constitution.

There is no way the requirement that states use only gold and silver coin as tender in payment of debts can be reconciled with a fiat currency.  I am very, very confident that that part of the U.S. constitution will not be mentioned in the Fed's propaganda efforts.  I am also confident that 99 out of 100 public school teachers (who are themselves nearly all products of our public schools) are absolutely unaware of the constitutional requirement to use gold or silver as money.  So they will be useful pawns in the Fed's indoctrination efforts.

 

Tue, 03/20/2012 - 18:35 | 2275074 In Fed We Trust
In Fed We Trust's picture

And in other news.....

 

Ben says Gold Standard won't fix problems!

http://www.reuters.com/article/2012/03/20/us-usa-fed-gold-idUSBRE82J17A2...

 

Me thinks its a gold start.  Then jail about 500 and rewrite 500 laws.  That ought to do it.

Tue, 03/20/2012 - 18:36 | 2275076 In Fed We Trust
In Fed We Trust's picture

Me thinks its a damn good start.  How does that sound on audio?  Can you hear me Tyler,

check one  check two

Tue, 03/20/2012 - 19:04 | 2275145 Joseph Jones
Joseph Jones's picture

Let's add a second class of "denier", called "Fed-Bank Denier", second only to "Holocaust Denier" for its evil intent. 

From the west's highest, most revered political/cultural/religious icon known as "Holocaustianity", dedicated to memorializing the worst crime in all history.

<Sarc off> 

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