Amusing video from NealF –
As the title implies, this is not safe for work . . .
Info:
Think the Federal Reserve is a government institution? Think again. It’s a group of privately owned banks that Congress illegally gave the right to print money. Now they print it, loan it to us, then we pay it back with interest. What a scam!
Do not value money for any more nor any less than its worth; it is a good servant but a bad master. ~Alexandre Dumas fils, Camille, 1852
The US$ is at the high of the day vs the euro coincident with Greek CDS at the wides of the morning by 20 bps to 307 bps following the news this morning. This level is a 2 week high. In sympathy, CDS is wider in Spain, Portugal, Italy and Ireland. Bond yields are higher too and Greek stocks in particular closed down 3.4%. There is also an idiotic rumor out there that the Fed is again going to raise the discount rate after doing so a month ago. While they easily may but likely won't anytime soon, there is...
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January 23rd, 2009 at 10:14 pm
That is F*%cking HEROIC
January 24th, 2009 at 1:12 am
Best video ever posted on Big Picture. No contest.
January 24th, 2009 at 7:52 am
oh good, another person who thinks that JFK was going to fix everything but he mysteriously got shot (insert sneering reference to “lone gunman”) before he could.
Recommendation: Long aluminum foil.
January 24th, 2009 at 8:17 am
john haskell: Yeah, well, keep drinking the Kool-aid and we’ll keep wearing our tin foil hats and we’ll see who the last man standing is….
January 24th, 2009 at 11:31 am
More true today than in Depression years….
“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it”. — Congressman Louis T. McFadden
January 24th, 2009 at 1:26 pm
really cool song! But, ya like there was never a bubble in history before national banks : http://en.wikipedia.org/wiki/Tulip_mania -perhaps we need to dig a little deeper ?