• Gold Money
    05/03/2016 - 11:35
    Crude oil time-spreads have completely dislocated from inventories. Historically, such dislocations have proved to be short lived. We expect that either spot prices will sell-off again or the back...

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.

0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
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

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