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On Economic Deceivers And Propagandists

Tyler Durden's picture




 

Submitted by Prometheus

Economic Deceivers And Propagandists

  • Bernanke, Ben   
  • Obama, Barack (plus economic team)
  • Bush, George W. (plus economic team)   
  • Romney, Mitt (plus economic team)
  • Clinton, Bill (plus economic team)   
  • Rubin, Robert
  • Cuomo, Andrew (plus economic team)   
  • Rubio, Marco (plus economic team)
  • Dimon, Jamie (as rep of TBTF banks)   
  • Ryan, Paul
  • Dudley, Bill   
  • Schumer, Chuck (as rep of TBTF banks)
  • Geithner, Tim   
  • Sulzberger Jr., Arthur
  • Greenspan, Alan   
  • Summers, Larry
  • Hubbard, Glenn   
  • Volcker, Paul
  • Krugman, Paul   
  • Wolf, Martin
  • Murdoch, Rupert   
  • Zoellick, Bob

(and many others)

Accusations of intentional deception by the representative list above (US only) are made consistent with the presumption that each on the list explicitly or implicitly holds one or more of the following views:

  • Fractionally-reserved banking systems, in which banks may legally issue unreserved credit to private sector borrowers and central banks may legally create new unreserved currency with which to purchase newly-issued public sector debt, is sustainable without ultimately destroying the purchasing power of that currency (through the necessary future administration of monetary inflation)
  • Nominal output expansion, even if engineered through further unreserved credit expansion, is always in the public interest
  • The spectrum of current public fiscal, monetary and bank regulatory policy debates are all-inclusive and comprehensive with regard to the potential structuring and execution of US economic policies, and are in the best interest of the majority of the US’s factors of production
  • Public monetary and bank regulatory policy debates should not be determined solely by considering long-term domestic economic issues, but should also include broader matters of state including shorter-term trade, fiscal and military considerations.

Endorsing or enacting policy assuming any of the above to be true strongly suggests the sponsorship of centrally managed economies and markets.

The purpose of the list is to expose current partisan debate as corrupt and off-point.

Economic policy makers across the political spectrum, including some commonly labeled “extreme” by more centrist politicians, are unwilling to acknowledge that fractionally reserved banking systems are the true source of the past generation’s credit build-up, the economic malaise it necessitated, the growing economic hardship it is creating, and the inescapability from deteriorating economic conditions through conventional policy means. The list challenges American policy makers to publicly identify and make illegal fractional-reserve banking, and further challenges them to lead the world in adopting sound money and credit practices that returns economic power to global economic actors following commercial rather than financial incentives.

To qualify for the representative list above, individuals must: 1) have a public profile; 2) have demonstrated explicit past or potential future influence over fiscal, monetary or bank regulatory policies; and 3) have the intellectual capacity to internalize and willingly choose to execute or endorse economic policies framed improperly to the public without attempting to correct public perception.

 

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Thu, 08/23/2012 - 14:59 | 2731309 CH1
CH1's picture

How about a list of folks who are building better systems as well?

Thu, 08/23/2012 - 15:23 | 2731356 TruthInSunshine
TruthInSunshine's picture
Money As Debt: What "money" is & why bankers own the earth under current system

  • "Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of something. They know there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when the speak in condemnation of it." - Woodrow Wilson, President of the U.S. 1913-1921.

  • "U.S.A.'s balance of payments deficits is so strong and irreversible, that we must accept that at some future date there will be a run against the U.S. Dollar. Probably the kind of disorderly run that precipitates a global financial crisis." - Paul A. Samuelson, Nobel Prize Winner in Economics, year 2005.

  • "The government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the tax payers will be saved immense sums of interest. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government's greatest creative opportunity. - Abraham Lincoln, assassinated President of the U.S.

  • "Whoever controls the volume of money in our country is absolute master of all industry and commerce . . . and when you realize that the entire system is very easily controlled one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate." - James A. Garfield, assassinated President of the U.S.

  • "The process by which banks create money is so simple that the mind is repelled." - John Kenneth Galbraith, Economist

  • "Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of sovereignty of Parliament and of democracy is idle and futile . . . Once a nation parts with control of its credit, it matters not who makes the nation's laws . . . Usury once in control will wreck any nation." - William Lyon MacKenzie King, former Prime Minister of Canada (who also succeeded in nationalizing the Bank of Canada).

  • "We are grateful to the Washington Post, the New York Times, Time Magazine, and other great publications whose directors have attended our meetings and respected the promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But the world is now more sophisticated and prepared to march towards a world-government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the National auto-determination practiced in past centuries." - David Rockefeller, in an address to the Trilateral Commission meeting, 1991.

  • "Only small secrets need to be protected. The big ones are kept secret by public incredulity." - Marshall McLuhan, media "guru"

  • In 1913, the struggle for a better monetary system was lost when President Woodrow Wilson signed the Federal Reserve Act, giving the privately owned international banking cartel the power to create the United States money. Later, Woodrow Wilson stated: "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world, no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men. - Woodrow Wilson, President of the U.S. 1913-1921.

  • "Fiat money is the cause of inflation, and the amount which people lose in purchasing power is exactly the amount which was taken from them and transferred to their governments by this process." (G. Edward Griffin, "The Creature from Jekyll Island")

  • "A fiat monetary system allows power and influence to fall into the hands of those who control the creation of new money, and to those who get to use the money or credit early in its circulation. The insidious and eventual cost falls on unidentified victims who are usually oblivious to the cause of their plight. This system of legalized plunder (though not constitutional) allows one group to benefit at the expense of another. An actual transfer of wealth goes from the poor and the middle class to those in privileged financial positions." (Congressman Ron Paul (R-TX), "Paper Money and Tyranny")

  • "When the President signs this bill [converting to a fiat-money system], the invisible government of the monetary power will be legalized . . . the worst legislative crime of the ages is perpetrated by this banking and currency bill." (Charles A. Lindbergh, Sr. 1913)

  • "Whoever controls the volume of money in any country is absolute master of all industry and commerce." (Paul Warburg, drafter of the Federal Reserve Act)

  • "Permit me to issue and control the money of a nation and I care not who makes its laws."  (Mayer Amschel Rothschild)

  • "Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly." (Fifth plank of the Communist Manifesto, 1848)

  • "Ideologically, [sound money] belongs in same class with political constitutions and bills of rights." In the name of civil liberty and civilization itself, the Fed should be abolished. (Ludwig von Mises).

  • Senator, Warren G. Harding, who was elected to the Presidency in 1920, said in a 1921 Congressional inquiry that the Reserve was a private banking monopoly. He said: "The Federal Reserve Bank is an institution owned by the stockholding member banks. The Government has not a dollar's worth of stock in it." His term was cut short in 1923 when he mysteriously died, leading to rumors that he was poisoned. This claim was never substantiated because his wife would not allow an autopsy.

  • In 1993, Senator Bob Kerrey  promised to support President Bill Clinton's Budget Plan, if Clinton would appoint a Committee to study the condition of the American economy. The President established a 32-member bipartisan committee and in August, 1994, they issued their report. According to the committee's findings, by the year 2012, unless drastic changes are made, we won't even be able to pay the interest on the national debt. Knowing this, the federal government has allowed the trend to continue, almost as if they're trying to run our economy into the ground. It seems obvious that the destruction of the American economy will eventually be a result of trying to keep people in deep debt, and financially enslaved.

  • In a letter to Edward M. House (President Woodrow Wilson's closest aide), dated November 23, 1933, Franklin D. Roosevelt said: "The real truth of the matter is, and you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson."

  • "Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money." (Daniel Webster)

  • "All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation." (John Adams)

  • "There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." (John Maynard Keynes (1883-1946).

Thu, 08/23/2012 - 15:24 | 2731414 James_Cole
James_Cole's picture

A 5th point should take into consideration trade policies. 

Thu, 08/23/2012 - 15:59 | 2731517 slewie the pi-rat
slewie the pi-rat's picture

my (tremendously unpopular) remarks about the ongoing FED disinfo campaign on and by zeroHedge for the past few daze are here:

Capital Markets Über Alles: What Mitt Romney's Economic Advisor, Goldman Sachs (And The NY Fed) Really Think | ZeroHedge

please take a few minutes and see if you can understand what i'm trying to say ok?

thxz in advance, BiCheZ!

Thu, 08/23/2012 - 15:28 | 2731432 Dr. No
Dr. No's picture

The government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the tax payers will be saved immense sums of interest. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government's greatest creative opportunity. - Abraham Lincoln

 

Spoken like a true federalist.

Thu, 08/23/2012 - 16:03 | 2731527 akak
akak's picture

You mean, spoken like a true fascist.

I damn John Wilkes Booth only for being four years too late.

Thu, 08/23/2012 - 15:30 | 2731437 caconhma
caconhma's picture
Romney selling American blood to Zionist criminals: Analyst     Thu Aug 23, 2012 5

“Bain Capital is Romney’s money laundering and tax avoidance company with thousands of secret bank accounts in ‘safe havens’ around the world, invisible billions, hidden transactions, unseen profits and unseen ‘clients’,” Duff said.

“The business, gambling, drugs, prostitution, money laundering and now war, is seeking its own president and war on Iran is the only issue driving the American campaign.”

Military analyst, Gordon Duff

A military analyst says the Republican presidential contender Mitt Romney is selling “American blood” to Zionist criminals by expressing support for an Israeli military strike against the Islamic Republic.

In an article written by Gordon Duff said Romney was groveling to the “organized crime groups operating through Israel’s Likudist party, dominated by the Koch Brothers; American gasoline speculators; [Casino boss] Sheldon Adelson, whose reputation would fill volumes, and Rupert Murdoch, whose spy organization is now proven to have blackmailed three consecutive British governments.”

“Romney has found the ‘mother of all causes’, selling the promise of an American war, fought by Americans, financed by Americans, American dead, American blood, American collapse; a war demanded by, not Jews of the world but by organized crime groups.”

The US presidential hopeful travelled to Israel on July 28 on the second leg of a three-country tour that began in London, designed to shore up his foreign-policy credentials abroad and woo Jewish voters at home.

In an interview with the Israeli newspaper Haaretz days prior to his visit, Romney had said, “We will employ every means short of military power. We recognize that if all means are exhausted and fail, a military option will have to be considered.”

The US and Israel have repeatedly threatened Tehran with a military strike to force it to halt its nuclear energy program, claimed by the duo to have been directed towards the acquisition of military nuclear capability.

Iran, however, has dismissed the allegation and the threats, pledging a crushing response to any attack on its soil.

Duff noted that Romney returned from his overseas trip with USD 60 million dollars collected in Israel and Britain while accompanied by Adelson, whose Las Vegas and China organizations have long been reputed to be “the center of worldwide organized crime.”

The analyst stated that the key to Romney’s financial successes is his “lifelong history of working closely with organized crime.”

“Now drowning in illegal cash, much from London bankers, his most interesting catch was the private dinner he shared with the Tel Aviv ‘blood diamond’ smugglers who donated up to $25 million dollars in one night.”

He added that Romney’s investment company, Bain, was funded initially by cash infusion from El Salvador death squads many years ago and these investors “are still at his side despite charges of mass murder and corruption.”

“Bain Capital is Romney’s money laundering and tax avoidance company with thousands of secret bank accounts in ‘safe havens’ around the world, invisible billions, hidden transactions, unseen profits and unseen ‘clients’,” Duff said.

“The business, gambling, drugs, prostitution, money laundering and now war, is seeking its own president and war on Iran is the only issue driving the American campaign.”

Thu, 08/23/2012 - 16:46 | 2731641 macholatte
macholatte's picture

 

 

Well done, Sunshine. Well done.

Thu, 08/23/2012 - 18:19 | 2731894 Never One Roach
Never One Roach's picture

Larry Yun didn't make the list ?

 

http://lawrenceyunwatch.blogspot.com/

 

 

 

 

Thu, 08/23/2012 - 16:18 | 2731558 poor fella
poor fella's picture

That list is included, there's just nobody on it..

Thu, 08/23/2012 - 19:06 | 2732030 Seer
Seer's picture

OK, I'll start it...

1. Seer

Now then, add! bitchez!

Thu, 08/23/2012 - 14:59 | 2731310 realtick
realtick's picture

Steve Liesman

James Altucher

 

Thu, 08/23/2012 - 15:04 | 2731333 Bastiat009
Bastiat009's picture

I guess Liesman might get a stiffy for being included in this list, with all his idols.

Thu, 08/23/2012 - 15:11 | 2731347 AlaricBalth
AlaricBalth's picture

 

 

Frederic S. Mishkin

Mary Shapiro

Martin Feldstein

Gary Gensler

 

Alan B. Krueger

Bill Dudley

 

Thu, 08/23/2012 - 15:13 | 2731367 TruthInSunshine
TruthInSunshine's picture

I nominate Abby Joseph Cohen as the 1st woman Fed Head. It'd be such a precious moment.

Thu, 08/23/2012 - 15:19 | 2731395 Unprepared
Unprepared's picture

What? Cohen to give everybody at the Fed a head?

Thu, 08/23/2012 - 15:00 | 2731311 malikai
malikai's picture

Awesome list! Full of the best government money can buy.

Thu, 08/23/2012 - 16:10 | 2731543 RockyRacoon
RockyRacoon's picture

Side note:  Seems as if Kudlow has a real "get" with his upcoming P. Ryan interview this evening.  Snippets throughout the day on CNBS.   I think I've seen this movie before.  Kudlow tried to pin him down (as gently as his hem-kissing attitude can be) about exactly what cuts and changes would occur in the "new administration" of Romney/Ryan.   No go.  No details.  I think I can recall Pelosi telling us that we'd have to pass the bill so we could find out what's in it?  Ryan ain't going there.  We'll find out about what they want to do if/when we grovel before their entry at the polling booth.   Yeah, right.   I'll not be sold another bill of goods.

Thu, 08/23/2012 - 16:29 | 2731597 poor fella
poor fella's picture

RYAN, A NEW RAYGUNite DAWN!!!

Red Dawn perhaps...

Thu, 08/23/2012 - 14:59 | 2731313 Stoploss
Stoploss's picture

Nice..

Thu, 08/23/2012 - 15:00 | 2731315 LawsofPhysics
LawsofPhysics's picture

Has this been filed as a criminal complaint?  It should be, time for all of them to recieved the same "justice" that the people get.

Bring out the kangaroo court and the guillotine!!!  Let's be done with this already.

Thu, 08/23/2012 - 15:01 | 2731320 reader2010
reader2010's picture

FINANCIAL WARZ, BITCHEZ!

Thu, 08/23/2012 - 16:21 | 2731545 slewie the pi-rat
slewie the pi-rat's picture

that is correct

and under dodd/frank the FED has a "new" advisory & stability-oversight committee which as near as i can tell is pretty much CFR-dominated

that is why the "partisan" games by the right-wing-nuts to pretend mittens has ZeroHead "endTheFed" values are doomed to fail

he is simply the CFR-vetted neoCon "choice" and the fattest fuking milk-cow tyler has ever seen!  hence:  this meaningless "safe" election-year crapola for another zH day

b/c this is the freaking way the CFR wants it if that isn't too much of a stretch for all you brainwashed brainiacs here "toaday" 

and tyler:  how many "dual mandate" lie-based FED articles did you publish here in the last week? 

(insert # here  _____ )

thxz in advance, BiCh!

Thu, 08/23/2012 - 22:25 | 2732496 tip e. canoe
tip e. canoe's picture

i actually miss the days of "follow the money"

http://blogs.cfr.org/setser/

nothin like talkin shit in the belly of Moby Dick.

Thu, 08/23/2012 - 15:02 | 2731321 Ghordius
Ghordius's picture

Nr. One is Rupert Murdoch. Nobody comes even near the Emperor. All the others are mere lackeys, compared to the Old Man.

Nevertheless it's nice that this list includes Martin "GDP" Wolf.

Thu, 08/23/2012 - 15:06 | 2731343 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Jacobite Rotheschilde?  The Pope?  The Queen?  Any other figurehead?

Really the most powerful players are behind the scenes.  You do not and will not know their names.

Thu, 08/23/2012 - 15:10 | 2731357 Problem Is
Problem Is's picture

+1... Correct Mr LH...

Economic Deceivers And Propagandists are simply the empty suit, useful idiot frontmen of the real power doing their bidding...

Thu, 08/23/2012 - 15:15 | 2731379 LawsofPhysics
LawsofPhysics's picture

Yes, but without the front men, how will they do their bidding, will Mr. Rothschild come collect taxes from me?  Oh boy, now that could be fun.

Thu, 08/23/2012 - 19:15 | 2732054 Seer
Seer's picture

And, they'll always have their front men because we'll expect/demand them to be there!

Everyone is so programmed to believe that "growth" is the goal that we'll do all sorts of stupid human tricks for The System so that it "delivers."  And one day when it can't, which WILL happen, we'll wonder who sabotaged it all and then start attacking one another (where' Fruitless Freddie, he's a great example of how this programming gets done).

Do people demand a really just system? Well, we'll arrange it so that they'll be satisfied with one that's a little less unjust ... They want a revolution, and we'll give them reforms -- lots of reforms; we'll drown them in reforms. Or rather, we'll drown them in promises of reforms, because we'll never give them real ones either!!

- DARIO FO, Accidental Death of an Anarchist

Thu, 08/23/2012 - 19:10 | 2732037 Seer
Seer's picture

Rockefeller.  There! (if you don't hear from me again you'll know why!)

Thu, 08/23/2012 - 15:10 | 2731355 resurger
resurger's picture

Fuck that old man

Fri, 08/24/2012 - 07:27 | 2733045 Ghordius
Ghordius's picture

LOL - look at the reactions! -6 for mentioning Murdoch! seems this makes my comment a political one in the eyes of some...

hello? the title of the article is "On Economic Deceivers and Propagandists".

Try to explain that Murdoch's empire is not the biggest propaganda machine ever made.

Thu, 08/23/2012 - 15:02 | 2731324 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Rehypothecation?

Thu, 08/23/2012 - 15:02 | 2731325 Jlmadyson
Jlmadyson's picture

Franks

Thu, 08/23/2012 - 15:03 | 2731328 Everybodys All ...
Everybodys All American's picture

Mark Zandi, Tom Keene, and Paul Krugman ... and on and on

Thu, 08/23/2012 - 15:04 | 2731334 icanhasbailout
icanhasbailout's picture

Economic Truth Tellers:

Ron Paul

 

(help me out here, hard to think of more)

Thu, 08/23/2012 - 15:08 | 2731349 Disenchanted
Disenchanted's picture

 

 

Bill Black?  "The best way to rob a bank is to own one."

Thu, 08/23/2012 - 15:09 | 2731352 Gloomy
Gloomy's picture

Marc Faber

Jim Sinclair

Simon Johnson

Neil Barofsky

 

Thu, 08/23/2012 - 15:14 | 2731374 Sancho Ponzi
Sancho Ponzi's picture

John Taylor (Stanford) to replace Berspanky

Thu, 08/23/2012 - 15:22 | 2731412 Sancho Ponzi
Sancho Ponzi's picture

...and we can't leave Hugh Hendry out

Thu, 08/23/2012 - 15:17 | 2731387 dark pools of soros
dark pools of soros's picture

Louis T. Mcfadden (poisoned)

Thu, 08/23/2012 - 17:08 | 2731698 petolo
petolo's picture

Fritz Schumacher,Naom Chomsky.

 

DEAD dimon.

Thu, 08/23/2012 - 15:14 | 2731373 resurger
resurger's picture

Doug Casey,

Layren Lyster <3 , lol

Gerald Celente

Rob Kirby,

James Quinn,

Kyle Bass,

 

Thu, 08/23/2012 - 15:15 | 2731380 delacroix
delacroix's picture

Eric sprott     Jim Willie

Thu, 08/23/2012 - 15:17 | 2731389 ParkAveFlasher
ParkAveFlasher's picture

BILL MURPHY

Thu, 08/23/2012 - 15:39 | 2731461 Enceladus
Enceladus's picture

Tyler Durden

Thu, 08/23/2012 - 16:20 | 2731526 CH1
CH1's picture

Harry Schultz

Graham Dyer

Bill Sinclair

Jeff Berwick

Jim Turk

Larry Parks

Bill Buckler

Thu, 08/23/2012 - 17:06 | 2731696 TheFourthStooge-ing
TheFourthStooge-ing's picture

The late Bob Chapman

The Mogambo Guru

Thu, 08/23/2012 - 19:38 | 2732105 CH1
CH1's picture

Orlin Grabbe

David Chaum

Doug Jackson

Bernie Von Nothaus

Thu, 08/23/2012 - 20:07 | 2732163 Fizzywig
Fizzywig's picture

Ben Swann BiTcHeZ!

Thu, 08/23/2012 - 23:27 | 2732621 putaipan
putaipan's picture

dr.michael hudsun. steve keen. (big up for the orlin grabbe reference)

Thu, 08/23/2012 - 15:27 | 2731427 spekulatn
spekulatn's picture

Dr. Michael Burry

Jim Rogers

Seth Klarman

Hugh Hendry

Bill Fleckenstein

Jeff Gundlach

Thu, 08/23/2012 - 16:51 | 2731653 ZeroDroids
ZeroDroids's picture

Lauren's an excellent morale booster.

Thu, 08/23/2012 - 19:20 | 2732064 Seer
Seer's picture

But, but... isn't that like "political science?"

And when economics is all about covering for TPTB, can there really be truth?

Ron's a swell guy and all, but he and others still miss the premise which allows the fraud to continue: I don't think it's intentional, it's ignorance rather than deception.

Thu, 08/23/2012 - 21:22 | 2732344 tip e. canoe
tip e. canoe's picture

Matthew (see eye of the needle)

Thu, 08/23/2012 - 15:04 | 2731335 Jlmadyson
Jlmadyson's picture

Zandi is off his rocker lately that is for sure.

Thu, 08/23/2012 - 19:22 | 2732070 Seer
Seer's picture

He's so far off of it he's lower than whale shit!

Did you catch his recent piece(s?) on housing?  No, it's PURE propaganda.  Line up the victims, he has a lifestyle to support...

Thu, 08/23/2012 - 15:06 | 2731340 Gloomy
Gloomy's picture

This is now the top story at the NY Times. If MSM has this story, what is really happening behind the scenes? (rhetorical question).

 

China Besieged by Glut of Unsold Goods

By

 

GUANGZHOU, China — After three decades of torrid growth, China is encountering an unfamiliar problem with its newly struggling economy: a huge buildup of unsold goods that is cluttering shop floors, clogging car dealerships and filling factory warehouses.

The glut of everything from steel and household appliances to cars and apartments is hampering China’s efforts to emerge from a sharp economic slowdown. It has also produced a series of price wars and has led manufacturers to redouble efforts to export what they cannot sell at home.

The severity of China’s inventory overhang has been carefully masked by the blocking or adjusting of economic data by the Chinese government — all part of an effort to prop up confidence in the economy among business managers and investors.

Thu, 08/23/2012 - 15:11 | 2731362 Jlmadyson
Jlmadyson's picture

And you know why they have this problem?

Clear as day in Q2 GDP.

So, so how do they cook Q3?

Nothing is moving so how do they do it?

Thu, 08/23/2012 - 15:18 | 2731393 LawsofPhysics
LawsofPhysics's picture

They are a creditor, why can't they simply buy thier own stuff?  That's what the U.S. did initially when they were the world's creditor.  That was the most prosperous time in American history.  A country that actual invested in itself, novel concept I know.

Thu, 08/23/2012 - 19:29 | 2732088 Seer
Seer's picture

"A country that actual invested in itself, novel concept I know."

Invested in what, shorting the future by building increasingly bigger infrastructure that isn't sustainable?

Oh, sorry, you didn't qualify whether it was a good or bad investment.  My bad!

BTW - There have been many countries in which "investments" have been made, been made by US (and other) corporate interests.  Building rail so that the countries' resources could be pillaged quicker.  The word "investment" needs to be challenged for clarity... (kind of like "Happy Hour," whose happy hour is it? the drunk thinks it's his, though he goes home, wakes up with less money and a headache, while the "proprietor" wakes up with more money in the till and racks it up for the returning depressed Happy-Hour-seeking folks)

Thu, 08/23/2012 - 15:20 | 2731402 dark pools of soros
dark pools of soros's picture

Start building on Mars.  Won't be much different than the current china ghost cities

Thu, 08/23/2012 - 15:36 | 2731449 Miss Expectations
Miss Expectations's picture

The Federal Reserve announced today that NASA's Mars Curiosity rover has discovered GOLD.  Preliminary test results indicate that the entire planet is encased in a 28" - 40" layer of the stuff.

Thu, 08/23/2012 - 15:45 | 2731484 sandhillexit
sandhillexit's picture

China: too busy buying gold/Swiss bank accounts.  US marshall-plan-for-china gave them purchasing power and they won't pay their people.  saving for a rainy day, all the money in government hands. and the monsoon is on its way. 17 million surplus 20-year-old men.  entire global value chain balanced on the work habits of 18-year-old girls... And they engineered a shortage of those.  What a clueless system. 

Thu, 08/23/2012 - 19:32 | 2732093 Seer
Seer's picture

And wait until they can no longer buy all that energy for their growth paradigm!  Gee, this sense of cluelessness wouldn't exist with any other System that we can think of, would it?

Thu, 08/23/2012 - 15:06 | 2731341 caimen garou
caimen garou's picture

head em up, move em out!!!! they are giving us the RRRAW HHHIDE!

Thu, 08/23/2012 - 15:08 | 2731346 GeezerGeek
GeezerGeek's picture

Perhaps it would have been quicker and easier to list those not deserving the appellation.

Thu, 08/23/2012 - 15:20 | 2731348 Element
Element's picture

NEWS

--

Judge orders release of US Marine detained for Facebook posts
 
Published: 23 August, 2012, 23:02
 
On the basis that there was zero reason to detain a retired Marine and commit him to a medical facility for psychiatric evaluation, a Virginia judge has demanded that Brandon Raub be released from custody immediately.

 

“This is not how justice in America is supposed to work — with Americans being arrested for doing nothing more than exercising their First Amendment rights, forced to undergo psychological evaluations, detained against their will and isolated from their family, friends and attorneys. This is a scary new chapter in our history,” Rutherford Institute President John W. Whitehead says in a statement released on Tuesday this week. “Brandon Raub is no different from the majority of Americans who use their private Facebook pages ..."

 
http://rt.com/usa/news/judge-marine-facebook-raub-421/

Thu, 08/23/2012 - 15:23 | 2731415 chubbar
chubbar's picture

They need to follow that up with a charge of felony kidnapping against the fuckers who sent the cops to his house and arranged to have him held without charge in the first place!

Thu, 08/23/2012 - 15:25 | 2731422 chubbar
chubbar's picture

as an addendum, they need to charge a few of the cops/FBI agents as well so maybe they'll understand they aren't supposed to act like robots carrying out unconstitutional orders.

Thu, 08/23/2012 - 15:27 | 2731428 Peter Pan
Peter Pan's picture

I get the feeling that the judge is about to get a visit, followed by a psychological evaluation.

Thu, 08/23/2012 - 19:44 | 2732113 tip e. canoe
tip e. canoe's picture

with a nice assist from the daily bell

(It's called "burying the lead.")

(There never really was a "war on terror." The entire rhetorical exercise was aimed at ... them – and their families. At this point a number of soldiers go on drugs ? anti-depressants, etc. These are horrible drugs that cause massive levels of suicide because it is easy to squeeze the trigger when you are detached from reality. But not enough are dying fast enough?)

o by the way tyler(S), what happened to krieger?

enquiring pi-rats wanna know....

Thu, 08/23/2012 - 19:44 | 2732123 Seer
Seer's picture

I agree that propaganda is running strong, but...

"The power elite that apparently wants to take over the world is perhaps concerned that these vets form an impediment to their plans."

TPTB already fucking control the world!

What this is about is about burying the bodies.  And as suggested in the article (thank you for posting it!) we'll have all sorts of anti-depressants pushed on the returning vets.  This does a couple nice things:

1) It provides the storyline for those that manage to still "go off," rather, it'll be that they "went off" because they went off their meds (implications that they didn't do so prior- Big Pharma's "solution" works!, any further discussion pretty much wears out by this time, the closet door stays closed);

2) The big corporations continue to legislate we all have them build weapons, manufacture pills...

Thu, 08/23/2012 - 20:17 | 2732186 tip e. canoe
tip e. canoe's picture

as dear mr. churchill says quite eloquently: "Whats new is the exposure of these tactics."

http://www.zerohedge.com/contributed/2012-08-23/us-government-planned-in...

it's a game of speed racer now seer, so keep posting (as long as you don't neglect your crops).

the powers that think their shit don't stink is about to learn the power of the hive mind.

Thu, 08/23/2012 - 15:37 | 2731454 Umh
Thu, 08/23/2012 - 15:39 | 2731460 sdmjake
sdmjake's picture

"the majority of Americans who use their private FaceBook pages..." 

WHAT PRIVATE FB PAGES? Last time I checked you are automatically/voluntarily surrendering all your info/privacy rights to FB when you sign up. Stupid Sheep...

 

Fri, 08/24/2012 - 13:00 | 2734279 madcows
madcows's picture

I gave you a thumbs up for the shorts.   Who cares about FB.  FB (and twitter) is irrelevant.  It's teenagers and spammers.

Thu, 08/23/2012 - 16:02 | 2731524 Henry Hub
Henry Hub's picture

It looks like the only thing standing between us and absolute tyranny is a few honest judges who still believe in the Constitution and the Bill of Rights. It's amazing just how fast this country is deteriorating into a police state.

Thu, 08/23/2012 - 19:27 | 2732080 tip e. canoe
tip e. canoe's picture

memo to henry: if you're correct and it comes down to a couple of lawyers saving us, guess what bub,

WE'RE FUCKED

thankfully it doesn't take a law degree and a bar up the ass to be able to read & comprehend Black's Law Dictionary and the UCC.   you may wanna give the latent intelligence of yourself and your fellow Citizens a little more credit (as long as you put it to good use before it's too late, that is)

Thu, 08/23/2012 - 15:09 | 2731350 youngman
youngman's picture

MSM...has to be included...the Main Stream media..

Thu, 08/23/2012 - 16:08 | 2731534 akak
akak's picture

I object only because there is utterly nothing "mainstream" at all about the five megacorporation-owned, pro-Establishment propaganda networks.

Call them what they really are: "The Corporate-Controlled Media".

Thu, 08/23/2012 - 17:15 | 2731719 TheFourthStooge-ing
TheFourthStooge-ing's picture

Also known as the CONMedia (Corporate Owned News Media).

Also, thank you for correctly using the word "media" as the plural form of "medium".

Remember, folks, the media are fucked, not the media is fucked.

Fri, 08/24/2012 - 12:58 | 2734268 madcows
madcows's picture

Not quite.  They may be corporations, but at the heart they are political and agenda driven.  They are propagandists.  Not news agencies.

Thu, 08/23/2012 - 15:11 | 2731361 debtor of last ...
debtor of last resort's picture

Will blacklists do well in a barter system?

Thu, 08/23/2012 - 15:16 | 2731385 Yen Cross
Yen Cross's picture

 That list needs more some more European Technocrats on it.   Fair & Balanced /sarc

Thu, 08/23/2012 - 15:20 | 2731401 Peter Pan
Peter Pan's picture

What a far cry this list of men this is from the list if men who signed the Declaration of Independence. The irony is that the fate that so undeservedly befell the men who signed the Delaration of Independence is the fate that is deserved by the above list.

Thu, 08/23/2012 - 15:30 | 2731438 Mr_Wonderful
Mr_Wonderful's picture
Hare

A man is driving along a highway and sees a rabbit jump out across the middle of the road. He swerves to avoid hitting it, but unfortunately the rabbit jumps right in front of the car.

The driver, a sensitive man as well as an animal lover, pulls over and gets out to see what has become of the rabbit. Much to his dismay, the rabbit is dead.

The driver feels so awful that he begins to cry. A beautiful blonde woman driving down the highway sees a man crying on the side of the road and pulls over. She steps out of the car and asks the man what's wrong.

"I feel terrible," he explains, "I accidentally hit this rabbit and killed it."

The blonde says, "Don't worry." She runs to her car and pulls out a spray can. She walks over to the limp, dead rabbit, bends down, and sprays the contents onto the rabbit.

The rabbit jumps up, waves its paw at the two of them and hops off down the road. Ten feet away the rabbit stops, turns around and waves again, he hops down the road another 10 feet, turns and waves, hops another ten feet, turns and waves, and repeats this again and again and again, until he hops out of sight.

The man is astonished. He runs over to the woman and demands, "What is in that can? What did you spray on that rabbit?"

The woman turns the can around so that the man can read the label. It says...

"Hair Spray – Restores life to dead hair, and adds permanent wave."

 

 

Thu, 08/23/2012 - 15:35 | 2731448 iDealMeat
iDealMeat's picture

This article reaks of a plant..

How about:

 

Hank Paulson

Jon Corzine

 

Co CEO's of Goldman Sachs

 

Thu, 08/23/2012 - 17:49 | 2731803 Tyler Durden
Tyler Durden's picture

Perhaps you missed this part:

  • Obama, Barack (plus economic team)
  • Bush, George W. (plus economic team)   
Thu, 08/23/2012 - 15:39 | 2731459 Snakeeyes
Snakeeyes's picture

Throw in representatives from the housing lobby in DC. They would sink the economy to preserve a massively oversubsidized housing market.

http://confoundedinterest.wordpress.com/2012/08/23/housing-purgatory-new-home-sales-rise-but-consumer-confidence-plunges-not-a-good-sign-for-housing/

Thu, 08/23/2012 - 15:40 | 2731467 Meesohaawnee
Meesohaawnee's picture

and here i thought this was an article about CNBS!!    even as we speak its dispicable what their headline says "pros buying more stock"   un real. I loath them.

Thu, 08/23/2012 - 18:50 | 2731993 Seer
Seer's picture

So, here we are being sucked into NAMES rather than premises...

Remove ALL of them and the String-pullers would just fill their shoes.  And until we figure out what the REAL game is we'll fall for it AGAIN and again...

No, it's DEEPER than fractional banking.  We view what's on TOP of the water.  Yes, it's highly visible, and yes, it's ugly, but... it's premised on the HIGHLY FLAWED premise of perpetual growth on a finite planet.  How can anyone who understands these flaws in fractional banking not also see them in the "growth" mantra?  As long as we believe that growth is necessary the String-pullers will give it to us, give it to us good and hard: for they will have been given the mandate, the mandate which every fucking talking head will prop up for justification of whatever horrors they help (as paid conspirators) usher along.

Thu, 08/23/2012 - 19:02 | 2732023 Seer
Seer's picture

From http://www.countercurrents.org/janson170812.htm

At the Nuremberg trails of the Nazis, none of the war criminals who made tons of money investing in massive homicide were indicted. German investors in genocide could not have been investigated without exposing their American connections, partnerships, cooperation and shared earnings and guilt.

If Mankind survives it will have to prosecute* US crimes against humanity at its fundamental cause level: chieftain investors like David Rockefeller.

For if every president from Truman through Obama, and their generals, had been hung after trials under the Nuremberg Principles,  the leaders, of the centuries ruling, insanely-amoral, unethically, unfairly and shamefully wealthy, bankster class, satanically impelled to create and continue imperialist wars for unjust predatory exploitative and death causing investments,  would merely have found obedient replacements - and just as marketable by the mass media they own and control, as those who were hung. (emphasis added)

* Charge, indict, try, convict, sentence, imprison, hospitalize and educate until no longer a danger to themselves and others.

So, I have to ask, is it an oversight or is it by design that the REAL String-pullers aren't ID'd?  Those in the list are burnt offerings (and, sadly, the propaganda of "death taxes" will ensure that their power is transferred to their offspring to carry on).

As noted in a previous posting (up-thread), we are still missing the faults in the underlying premise.  Cycling bodies ain't going to correct it (and even the suggestions in the above article won't either, though it'll get to the top of the snake we'll still re-create the snake if we don't understand what MAKES the snakes).

Fri, 08/24/2012 - 04:41 | 2732915 Grand Supercycle
Grand Supercycle's picture

SPX / DOW / NASDAQ / DAX / FTSE choppy daily charts are still breaking down.

http://www.zerohedge.com/news/2012-12-24/market-analysis

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