Visualizing What $1.2 Trillion In Secret Fed Bailouts To The Banking Kleptocracy Looks Like

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Sun, 08/21/2011 - 23:10 | 1584893 The Shootist
The Shootist's picture

Shockwaves, bitchez!

Sun, 08/21/2011 - 23:55 | 1584984 zorba THE GREEK
zorba THE GREEK's picture

As I have posted over and over on ZH; The Feds first mission is to protect the money of the ultra-wealthy banking families.

The Fed was created by and is still part of the private banking system. And it should be obvious by fact that they bailed out

the banks in 2008 and did nothing to help the homeowners, that their mandate is to preserve the wealth of the wealthy.

Mon, 08/22/2011 - 00:29 | 1585033 IQ 145
IQ 145's picture

Flash news update; I short the US Treasury Bond Contract now at 140-04; basis Sept. on the CME. More follows. This market is absurdly over-bought, and I intuit that it is "breaking". Stop loss at 141-16.

Mon, 08/22/2011 - 05:18 | 1585225 Nate H
Nate H's picture

I predict you will be stopped out by Tuesday. The market is breaking but not that market...

Mon, 08/22/2011 - 06:47 | 1585275 nmewn
nmewn's picture

Oh noes!...Krugmaaannn!!!

"NEW YORK -- The majority of economists surveyed by the National Association for Business Economics believe that the federal deficit should be reduced only or primarily through spending cuts.

The survey out Monday found that 56 percent of the NABE members surveyed felt that way, while 37 percent said they favor equal parts spending cuts and tax increases. The remaining 7 percent believe it should be done only or mostly through tax increases."

http://www.huffingtonpost.com/2011/08/22/taxes-cuts-economists_n_932697.html

Mon, 08/22/2011 - 06:56 | 1585281 GetZeeGold
GetZeeGold's picture

 

Ummm excuse me....but why the F#$@ is Benny sending US taxpayer money to foreigners?

 

Mon, 08/22/2011 - 07:23 | 1585320 Sudden Debt
Sudden Debt's picture

So we can spend it all on our paid 7 weeks of vacations and hopefully for you guys some of it in the US.

It's called the drip down effect.

 

Mon, 08/22/2011 - 07:48 | 1585348 Dr. Richard Head
Dr. Richard Head's picture

Oh! So that is what a golden shower is. I get pissed on and am supposed to feel wealthy. Nice...

Mon, 08/22/2011 - 08:34 | 1585433 cossack55
cossack55's picture

Not foreigners, Fed. Reserve members.

Mon, 08/22/2011 - 08:17 | 1585332 Bob
Bob's picture

"Professional economists"--who do these people serve again?  And yet, even with that being the case, only a very slim majority (56%) support what would seem to be your position, nmewn. 

Funny we don't hear a word about this alternative budget plan:  http://www.huffingtonpost.com/jeffrey-sachs/the-peoples-budget_b_846573....

Mon, 08/22/2011 - 12:29 | 1586340 RockyRacoon
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The economists will talk the book of the last financial firm that funded a chair at their institute of "higher learning".

Mon, 08/22/2011 - 18:54 | 1588057 nmewn
nmewn's picture

A 19 point spread is not anything I would term as "only a very slim majority", Bob ;-)

The closest minority in this poll want equal parts cuts & tax increases. We have a budget deficit of >>>1.5 trillion<<< Benny bucks. Do you have any idea what an "equal parts" tax increase of 750 billion Benny bucks would do to this O-conomy?

Exactly.

The bottom minority are clearly moonbats and deserve no comment at all.

Mon, 08/22/2011 - 19:16 | 1588142 jmc8888
jmc8888's picture

Yeah and not one of those clueless economist (all of them that took part in that asinine survey concluding nothing) thought....hey...how about noticing it's all fraud and cancelling it?

Oh yeah.  Because the answer isn't to....

CUT

PRINT

TAX

FOR FRAUD????

Thus entire question is bogus that the economists answered and served no purpose whatsoever.

Only fucking idiots want to cut spending for fraud.

Only fucking idiots want to tax for fraud.

Only fucking idiots want to print for fraud.

I think that pretty much covers all the economists in that survey of nothing.

 

Glass-Steagall, because the printers, taxers, and cutters are the batshit crazy ones.  THEY are the ones holding everybody hostage.

 

Hostage for what? Oh yeah, fraudulent debt.

Mon, 08/22/2011 - 20:34 | 1588338 Bob
Bob's picture

Okay, misspoken.  Barely more than half.  The seeming full range of options provided the economists lacked substance altogether and ignored others as if they did not exist.  Wall Street prosecutions and appropriate claw backs, for instance, or breaking up the insolvent TBTF's or quickly dropping the wars.  For a simple-minded poll, it was appropriate for professional economists, I guess. At least from what I see of them on Teevee, though when I was in school I met none who thought in such simple terms.  

But then they didn't write the question and forced choices, did they? Sounds like an undergrad student to me. 

Moonbats--funny!  That was simple. 

Oh, yeah--you don't like taxes!  ;>)

Mon, 08/22/2011 - 07:40 | 1585335 my puppy for prez
my puppy for prez's picture

I love Ron Paul's idea :  He says that since over 1 trillion of the debt is from the FED "lending" us printed fiat and is worthless, then we really owe NOTHING, and should strike that from the books!  

RON PAUL 2012

Mon, 08/22/2011 - 13:20 | 1586554 RockyRacoon
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Odious debt.   They did NOT have my permission; in fact, they have my protestations in writing.

I say we burn the debt and hang Greenspan.   Nuremberg trials anyone?

Mon, 08/22/2011 - 00:35 | 1585043 rambo1028
rambo1028's picture

WOOT WOOT! Arrows are back!

Mon, 08/22/2011 - 01:09 | 1585068 iNull
iNull's picture

Zorba. no disagreement, but are you sure these villains are capable of such a vast conspiracy? Frankly, I find them gross incompetents.

Mon, 08/22/2011 - 01:17 | 1585073 Michael
Michael's picture

Such large scale sections of US society, isolated from what is going on in reality. That's our problem.

Mon, 08/22/2011 - 02:02 | 1585102 Michael
Michael's picture

Thank God Libyan rebels captured the country before USA/NATO thugs did.

Mon, 08/22/2011 - 02:09 | 1585113 Enkidu
Enkidu's picture

Er... I think US/NATO thugs are still (and will remain) there... the rebels are simply instruments.

Mon, 08/22/2011 - 03:35 | 1585108 Quixotic_Not
Quixotic_Not's picture

As I have posted over and over on ZH;

Dood, you've been posting on ZH for like 12 weeks...LOL

Hmmmm....Agent Provocateur working on cred?

Remember, as twisted as Chairsatan Bernank is, there are some even sicker bankster puppies out there...

Mon, 08/22/2011 - 08:48 | 1585480 Eugend66
Eugend66's picture

True Dat, there is no other economy big enough for them to hide into. May the Hell host them well.

Mon, 08/22/2011 - 09:28 | 1585593 G-R-U-N-T
G-R-U-N-T's picture

"In The Law, Bastiat explains that if the privileged classes use the government for "legalized plunder" this will encourage the lower classes to revolt or use socialist "legalized plunder" and that the correct response to both the socialists and the corporatists is to cease all "legalized plunder". Bastiat also explains why his position is that the law cannot defend life, liberty and property if it promotes socialist policies. When used to obtain "legalized plunder" for any group, he says, the law is perverted and turned against the thing it is supposed to defend.[8]"

http://en.wikipedia.org/wiki/Fr%C3%A9d%C3%A9ric_Bastia

Per William Black...

http://www.youtube.com/watch?v=pdWo9Ob2DHc

Mon, 08/22/2011 - 00:04 | 1585001 MacGruber
MacGruber's picture

RAGE bitchez! The roof, the roof, the roof is on fire...

Mon, 08/22/2011 - 01:13 | 1585072 iNull
Mon, 08/22/2011 - 03:26 | 1585141 TzaristBondHolder
TzaristBondHolder's picture

Hmmm.....what shockwaves?  I just looked at bloomberg.com and it shows dax down 100% to 0.  Interesting!

 

Is DAX still alive?  http://inkom.com.au/sites/default/files/what%20happened%20to%20dax.jpg

 

Mon, 08/22/2011 - 04:00 | 1585159 waylon153
waylon153's picture

Took me a while to find it, but it's there......Harley Davidson.  That's right, Harley Davidson.  

Good thing too, because if anyone is TBTF it's....(wait for it)......Harley Davidson.

Looking at this list makes you realize how hard the fall is going to be.  EVERYBODY is sucking from the teat of the FED!!!!

Mon, 08/22/2011 - 05:51 | 1585246 Kiwi Pete
Kiwi Pete's picture

Yeah, even National Bank of Saigon got $10mil. Byegones!!

Sun, 08/21/2011 - 23:14 | 1584898 scatterbrains
scatterbrains's picture

Where are the share holder lawsuits ?

Sun, 08/21/2011 - 23:38 | 1584948 eureka
eureka's picture

Where are the share holders? Wall Street/U.S. stocks are symbols and instruments of U.S. Empire; most U.S. citizens own no stocks, consequently the U.S. stock market is pumped up, not just for the sake of banksters, but for the maintenaince of U.S. Empire overall, orchestrated by the elite behind Wall Street and Pentagun, with full and obvious buy-in from all its high level henchmen and beneficiaries.

Hence no lawsiuts. Only more bank directed stimulus to come, which btw isn't Keynesian, but fascist.

Mon, 08/22/2011 - 12:58 | 1586489 Raymond K Hessel
Raymond K Hessel's picture

Keynes is a fascist. A big flaming fascist

Sun, 08/21/2011 - 23:13 | 1584899 Cistercian
Cistercian's picture

No wonder it took a FOIA request to get!Theivo-matic in action!!

Sun, 08/21/2011 - 23:14 | 1584905 JW n FL
JW n FL's picture

Americans are to, too fucking stupid to care and or do anything about it... AGAIN!

Sun, 08/21/2011 - 23:25 | 1584920 Problem Is
Problem Is's picture

Amerikans are stupid because they watch and believe TeeVee, believe their useful idiot politicians are the real leaders in charge, eat GMO Franken-food that ravages their brains and bodies and take psycho-drugs and vaccines from Merck, Pfizer et al...

And as a result... buy the "Amerikan Dream" hook, line and sinker...

How could they not be fucking stupid???

Sun, 08/21/2011 - 23:25 | 1584925 SilverIsKing
SilverIsKing's picture

American #92,357,544 checking in.  I agree with your assessment.

Sun, 08/21/2011 - 23:51 | 1584961 baby_BLYTHE
baby_BLYTHE's picture

Alan Greenspan: No agency of government can overrule actions the Federal Reserve takes. We do what we want, nothing else matters.

In other words, the Federal Reserve System is a government onto itself. No more 'Federal' than Federal Express, as they say.

 http://www.youtube.com/watch?v=3QkmLnNEvdU

Mon, 08/22/2011 - 00:01 | 1584996 Sock Puppet
Sock Puppet's picture

That is right.  Our gov reps decided that they did not want the responsibility.  Must have been too complicated.  Look at that shit stain Pete Stark.  He said the more debt we have the wealthier we are. WTF?

http://www.youtube.com/watch?v=UjbPZAMked0

These are the squirt sticks Americans have chosen to represent them.

 

Mon, 08/22/2011 - 00:21 | 1585027 macholatte
macholatte's picture

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
Alan Greenspan

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
Milton Friedman

 

Mon, 08/22/2011 - 13:29 | 1586592 RockyRacoon
RockyRacoon's picture
Odious debt

In international law, odious debt is a legal theory that holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.

http://en.wikipedia.org/wiki/Odious_debt

When a despotic regime contracts a debt, not for the needs or in the interests of the state, but rather to strengthen itself, to suppress a popular insurrection, etc, this debt is odious for the people of the entire state. This debt does not bind the nation; it is a debt of the regime, a personal debt contracted by the ruler, and consequently it falls with the demise of the regime. The reason why these odious debts cannot attach to the territory of the state is that they do not fulfill one of the conditions determining the lawfulness of State debts, namely that State debts must be incurred, and the proceeds used, for the needs and in the interests of the State.   Odious debts, contracted and utilized for purposes which, to the lenders' knowledge, are contrary to the needs and the interests of the nation, are not binding on the nation – when it succeeds in overthrowing the government that contracted them – unless the debt is within the limits of real advantages that these debts might have afforded. The lenders have committed a hostile act against the people, they cannot expect a nation which has freed itself of a despotic regime to assume these odious debts, which are the personal debts of the ruler.

Mon, 08/22/2011 - 14:31 | 1586942 JW n FL
JW n FL's picture

http://www.youtube.com/watch?v=YOCzc4xyBao&feature=feedu_feedf

 

Federal Reserve Secretly Gave $1.2 Trillion In Taxpayer Funds To The Banks That Caused Crisis

Mon, 08/22/2011 - 00:17 | 1585021 IBelieveInMagic
IBelieveInMagic's picture

Reality is net net the US of A benefited from this arrangement but divvy of the loot was not even. Hence all the teeth gnashing.

Mon, 08/22/2011 - 00:34 | 1585042 Incubus
Incubus's picture

I was speaking to some guy at work about the economy a while ago:  he said he didn't want to think about that kind of stuff.

 

lol, whatever.  I hope this depression is a very painful one.  These dumb masses will not learn otherwise.

Mon, 08/22/2011 - 09:47 | 1585656 pods
pods's picture

That sums it up perfectly Incubus.  People do it to themselves.  It is not some grand conspiracy, but willful self deception.  Just too difficult to think that maybe the real problem is staring back from the mirror.

So, we get bread, circus, and blowing up all the brown people who are sitting on top of our oil.  All the while eating hot dogs, drinking beer, and flag waving that we are the light of the world.  I actually have no problem with people aciting like that, but don't start down the "land of the free" road.  It is an empire, plain and simple.  Love it or hate it, no difference, but at least admit it.

pods

Sun, 08/21/2011 - 23:15 | 1584907 ironymonger
ironymonger's picture

"Congress required the disclosure after the Fed rejected requests in 2008 from the late Bloomberg News reporter Mark Pittman and other media companies that sought details of its loans under the Freedom of Information Act."

Other media companies? Why is Bloomy so coy?

Sun, 08/21/2011 - 23:17 | 1584910 vast-dom
vast-dom's picture

some more scary in-line shit: obummer pressures Attorney General of N.Y. on Bank Foreclosure Deal:

 

http://www.nytimes.com/2011/08/22/business/schneiderman-is-said-to-face-...

 

 

Mon, 08/22/2011 - 07:50 | 1585351 Bob
Bob's picture

Thanks for the update! 

Ms. Wylde [a member of the board of the Federal Reserve Bank of New York who represents the public] said in an interview on Thursday that she had told the attorney general “it is of concern to the industry that instead of trying to facilitate resolving these issues, you seem to be throwing a wrench into it. Wall Street is our Main Street — love ’em or hate ’em. They are important and we have to make sure we are doing everything we can to support them unless they are doing something indefensible.”

WTF can be said about that? 

Mon, 08/22/2011 - 09:57 | 1585700 pods
pods's picture

No more talk about legal, illegal.  Merely defensible or not.  Sheesh, if that is the requirement we are doomed.

"But honey, I had to sleep with her, she was drunk and was going to sleep with someone.  I was way nicer than those other guys and didnt want her to get hurt.  So it was best if I did it."

Funny oxymoron too.  A FED rep who represents the public.  ROFLMAO!

pods

Mon, 08/22/2011 - 12:45 | 1586425 Bob
Bob's picture

I can't remember the last time I saw so much bullshit packed into a single sentence!  Unreal.  Or, should I say, too fucking real. 

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