Warren and Cruz are both HUGE hypocrites

[Dale Smith]

I thought this video was a great informational watch. It illustrated the need for the "audit the Fed bill."


As many have pointed out, the Fed already gets Audited. What they want to do really, is have the policy minutes be open to congress and the public.

What would transparency do? It would make it so that things like the crash of 2008 would be more understandable to the nation at large. Why did the crash happen, and who did the bailout benefit? Doesn't everyone remember how our representatives didn';t really know, or seem to have a clues what they were voting on or seem to be informed about why the bailout needed to happen?


They just seemed to be threatened with dire predictions and NOBODY knew anything.


If this last proposal had passed, the lower and middle classes would not have been screwed, just like they were with the last crash, just like they were during the Great Depression.


Why do you think the elites and the Fed want things to be opaque? They want to conduct their business behind closed doors.


As it so happens, things do come to light and are open to public scrutiny, like, FIVE YEARS after the fact.


So aren't any of you curious now that these transcripts ARE available, just exactly HOW the FED was shitting itself when the economy was tanking? I certainly was. If you are interested, and before you shoot your mouth off and say shit like, "Auditing the FED is a horrible idea. Her "excuse" is a valid reason." I personally think you should go over those transcripts and think REALLY hard about what our elected representatives would have done if they had known what was going on, especially if they had known the press and the nation were watching.

Why did the crash happen, and who did the bailout benefit?

The crash happened because the banks had too many shaky mortgages that began to default.

The bailout benefitted everyone who is helped by a working financial system. Basically everyone.

So aren't any of you curious now that these transcripts ARE available, just exactly HOW the FED was shitting itself when the economy was tanking?

The crisis was scary. Everyone should have been shitting themselves.

Thanks for the video. That guy sounds confused.
Reading the comments, he makes many errors, especially on what the Fed bought.

You made up your mind about it before you watched it. Wow. Ignorant much?

Every financial crisis is orchestrated because that allows the Fed to procure real tangible assets secured from their monopoly money. The Crash of 1929 is a perfect example of that.....100 percent orchestrated by the very same banking oligarchs that back-doored the Federal Reserve Act that claimed that if they could only control the money supply, runs on the banks would be a thing of the past.

That's retarded.

Nope, it is a fact....you see, I know more than you.

 

[Toddsterpatriot]

Yes, your ignorant hyperventilating is very convincing.

The banks that are tied to them practice "fractional lending" which explains why only 5 percent of the money supply is actual paper while the rest is merely numbers on a computer screen.

How much of the money supply was "real" under the gold or silver standard?

....how can there EVER be enough Federal Reserve notes to pay off the debt

Why in a modern economy would all debt ever need to be paid off? Why would you want to?

interest is attached to every fucking note ever created

I'm holding a $20 FRN note. There is no interest attached.

When that 20 dollar FRN was created magically from thin air, usury was attached to it......that usury fee is what your federal income tax goes towards every April 15th...to pay interest on a fiat currency (backed by nothing) that is created from a few strokes on a keyboard....how do you not know this? Nearly 500 billion dollars a year is paid on in interest for notes that were created from nothing. FRNs are not "money"...gold and silver is money in the true sense of the word.....FRNs are nothing but debt notes that are owed to someone else......fact.

When that 20 dollar FRN was created magically from thin air, usury was attached to it

Nope. I'm looking at it real good. Nothing is attached.

that usury fee is what your federal income tax goes towards every April 15th...to pay interest on a fiat currency

I didn't borrow the $20. Why would any of my taxes be involved?

Nearly 500 billion dollars a year is paid on in interest for notes that were created from nothing.

If you're paying interest on your $20s, you're dumber than I thought.
Who is paying this supposed $500 billion? Where? Do you mail a monthly check for your $20?
Where do you send it? What interest rate do you pay?

You never answered my gold/silver question.
How much of the money supply was "real" under the gold or silver standard?

.....FRNs are nothing but debt notes that are owed to someone else

Who do I owe my $20 to? Why?

May this be the start of your journey.........

I didn't mean to be so rude and hateful but the thieving Federal Reserve bankers are a real sore spot with me. I have spent many, many hours researching this because I couldn't believe that we had been played so badly and that it has been able to go on for so long...SMH.

Error in the first 20 seconds. The Treasury does not sell bonds to the Fed.

The rest of the video is just as moronic.

Let me know when you can answer any of my questions that you keep avoiding.

Yes, they do.............

No, it's not allowed.
Why are you avoiding my questions?
Are you stupid?

 

[Toro]

I thought this video was a great informational watch. It illustrated the need for the "audit the Fed bill."


As many have pointed out, the Fed already gets Audited. What they want to do really, is have the policy minutes be open to congress and the public.

What would transparency do? It would make it so that things like the crash of 2008 would be more understandable to the nation at large. Why did the crash happen, and who did the bailout benefit? Doesn't everyone remember how our representatives didn';t really know, or seem to have a clues what they were voting on or seem to be informed about why the bailout needed to happen?


They just seemed to be threatened with dire predictions and NOBODY knew anything.


If this last proposal had passed, the lower and middle classes would not have been screwed, just like they were with the last crash, just like they were during the Great Depression.


Why do you think the elites and the Fed want things to be opaque? They want to conduct their business behind closed doors.


As it so happens, things do come to light and are open to public scrutiny, like, FIVE YEARS after the fact.


So aren't any of you curious now that these transcripts ARE available, just exactly HOW the FED was shitting itself when the economy was tanking? I certainly was. If you are interested, and before you shoot your mouth off and say shit like, "Auditing the FED is a horrible idea. Her "excuse" is a valid reason." I personally think you should go over those transcripts and think REALLY hard about what our elected representatives would have done if they had known what was going on, especially if they had known the press and the nation were watching.

Why did the crash happen, and who did the bailout benefit?

The crash happened because the banks had too many shaky mortgages that began to default.

The bailout benefitted everyone who is helped by a working financial system. Basically everyone.

So aren't any of you curious now that these transcripts ARE available, just exactly HOW the FED was shitting itself when the economy was tanking?

The crisis was scary. Everyone should have been shitting themselves.

Thanks for the video. That guy sounds confused.
Reading the comments, he makes many errors, especially on what the Fed bought.

You made up your mind about it before you watched it. Wow. Ignorant much?

Every financial crisis is orchestrated because that allows the Fed to procure real tangible assets secured from their monopoly money. The Crash of 1929 is a perfect example of that.....100 percent orchestrated by the very same banking oligarchs that back-doored the Federal Reserve Act that claimed that if they could only control the money supply, runs on the banks would be a thing of the past.

That's retarded.

Nope, it is a fact....you see, I know more than you.

No it's not and no you don't.

 

[Dale Smith]

When that 20 dollar FRN was created magically from thin air, usury was attached to it......that usury fee is what your federal income tax goes towards every April 15th...to pay interest on a fiat currency (backed by nothing) that is created from a few strokes on a keyboard....how do you not know this? Nearly 500 billion dollars a year is paid on in interest for notes that were created from nothing. FRNs are not "money"...gold and silver is money in the true sense of the word.....FRNs are nothing but debt notes that are owed to someone else......fact.

When that 20 dollar FRN was created magically from thin air, usury was attached to it

Nope. I'm looking at it real good. Nothing is attached.

that usury fee is what your federal income tax goes towards every April 15th...to pay interest on a fiat currency

I didn't borrow the $20. Why would any of my taxes be involved?

Nearly 500 billion dollars a year is paid on in interest for notes that were created from nothing.

If you're paying interest on your $20s, you're dumber than I thought.
Who is paying this supposed $500 billion? Where? Do you mail a monthly check for your $20?
Where do you send it? What interest rate do you pay?

You never answered my gold/silver question.
How much of the money supply was "real" under the gold or silver standard?

.....FRNs are nothing but debt notes that are owed to someone else

Who do I owe my $20 to? Why?

May this be the start of your journey.........

I didn't mean to be so rude and hateful but the thieving Federal Reserve bankers are a real sore spot with me. I have spent many, many hours researching this because I couldn't believe that we had been played so badly and that it has been able to go on for so long...SMH.

Error in the first 20 seconds. The Treasury does not sell bonds to the Fed.

The rest of the video is just as moronic.

Let me know when you can answer any of my questions that you keep avoiding.

Yes, they do.............

No, it's not allowed.
Why are you avoiding my questions?
Are you stupid?

You haven't asked any questions that make any sense..and "yes" the alleged Treasury department exchanges bonds for numbers on a computer screen to the Fed bankers...you are out of your league if you want to debate this with me. The answers to your question about precious metal backed currency should be fucking obvious if you were not an illiterate dumb ass. Do you even know the history of certificates going back to the middle ages or the Knights Templar "banking system" where they held the gold and gave them certificates that could be later exchanged for the precious metal? I am smarter than you and I know WAAAAAY more than you. You are merely an infant.......deal with it.

 

[Dale Smith]

Why did the crash happen, and who did the bailout benefit?

The crash happened because the banks had too many shaky mortgages that began to default.

The bailout benefitted everyone who is helped by a working financial system. Basically everyone.

So aren't any of you curious now that these transcripts ARE available, just exactly HOW the FED was shitting itself when the economy was tanking?

The crisis was scary. Everyone should have been shitting themselves.

Thanks for the video. That guy sounds confused.
Reading the comments, he makes many errors, especially on what the Fed bought.

You made up your mind about it before you watched it. Wow. Ignorant much?

Every financial crisis is orchestrated because that allows the Fed to procure real tangible assets secured from their monopoly money. The Crash of 1929 is a perfect example of that.....100 percent orchestrated by the very same banking oligarchs that back-doored the Federal Reserve Act that claimed that if they could only control the money supply, runs on the banks would be a thing of the past.

That's retarded.

Nope, it is a fact....you see, I know more than you.

No it's not and no you don't.

Yeah, I know more than you....fact...so deal with it.

 

[Toddsterpatriot]

When that 20 dollar FRN was created magically from thin air, usury was attached to it

Nope. I'm looking at it real good. Nothing is attached.

that usury fee is what your federal income tax goes towards every April 15th...to pay interest on a fiat currency

I didn't borrow the $20. Why would any of my taxes be involved?

Nearly 500 billion dollars a year is paid on in interest for notes that were created from nothing.

If you're paying interest on your $20s, you're dumber than I thought.
Who is paying this supposed $500 billion? Where? Do you mail a monthly check for your $20?
Where do you send it? What interest rate do you pay?

You never answered my gold/silver question.
How much of the money supply was "real" under the gold or silver standard?

.....FRNs are nothing but debt notes that are owed to someone else

Who do I owe my $20 to? Why?

May this be the start of your journey.........

I didn't mean to be so rude and hateful but the thieving Federal Reserve bankers are a real sore spot with me. I have spent many, many hours researching this because I couldn't believe that we had been played so badly and that it has been able to go on for so long...SMH.

Error in the first 20 seconds. The Treasury does not sell bonds to the Fed.

The rest of the video is just as moronic.

Let me know when you can answer any of my questions that you keep avoiding.

Yes, they do.............

No, it's not allowed.
Why are you avoiding my questions?
Are you stupid?

You haven't asked any questions that make any sense..and "yes" the alleged Treasury department exchanges bonds for numbers on a computer screen to the Fed bankers...you are out of your league if you want to debate this with me. The answers to your question about precious metal backed currency should be fucking obvious if you were not an illiterate dumb ass. Do you even know the history of certificates going back to the middle ages or the Knights Templar "banking system" where they held the gold and gave them certificates that could be later exchanged for the precious metal? I am smarter than you and I know WAAAAAY more than you. You are merely an infant.......deal with it.

that usury fee is what your federal income tax goes towards every April 15th...to pay interest on a fiat currency

I didn't borrow the $20. Why would any of my taxes be involved?

Nearly 500 billion dollars a year is paid on in interest for notes that were created from nothing.

If you're paying interest on your $20s, you're dumber than I thought.
Who is paying this supposed $500 billion? Where? Do you mail a monthly check for your $20?
Where do you send it? What interest rate do you pay?

You never answered my gold/silver question.
How much of the money supply was "real" under the gold or silver standard?

.....FRNs are nothing but debt notes that are owed to someone else

Who do I owe my $20 to? Why?

..and "yes" the alleged Treasury department exchanges bonds for numbers on a computer screen to the Fed bankers...

Nope. The Treasury does not sell bonds to the Fed, the Fed does not buy bonds from the Treasury.

The answers to your question about precious metal backed currency should be fucking obvious if you were not an illiterate dumb ass.

Waiting for your dumb ass answer............

I am smarter than you and I know WAAAAAY more than you.

You are funny. And based on your failure to answer the above questions, a big pussy.

 

[Toro]

You made up your mind about it before you watched it. Wow. Ignorant much?

Every financial crisis is orchestrated because that allows the Fed to procure real tangible assets secured from their monopoly money. The Crash of 1929 is a perfect example of that.....100 percent orchestrated by the very same banking oligarchs that back-doored the Federal Reserve Act that claimed that if they could only control the money supply, runs on the banks would be a thing of the past.

That's retarded.

Nope, it is a fact....you see, I know more than you.

No it's not and no you don't.

Yeah, I know more than you....fact...so deal with it.

You clearly don't have an education. You read nonsense off the Internet.

 

[MisterBeale]

Every financial crisis is orchestrated because that allows the Fed to procure real tangible assets secured from their monopoly money. The Crash of 1929 is a perfect example of that.....100 percent orchestrated by the very same banking oligarchs that back-doored the Federal Reserve Act that claimed that if they could only control the money supply, runs on the banks would be a thing of the past.

That's retarded.

Nope, it is a fact....you see, I know more than you.

No it's not and no you don't.

Yeah, I know more than you....fact...so deal with it.

You clearly don't have an education. You read nonsense off the Internet.

See, this is why that "FED Audit Bill" needed to be passed.

Folks like you and Toddsterpatriot are happier living in denial and ignorance. You think your financial knowledge, or that of your advisers is good enough.


Who cares if the minutes of these meeting came off of the "internet?"


Does it make the knowledge any less valuable? The fact is, a massive deception was undertaken. I seriously doubt either one of you bothered to view that video, either that, or you just didn't like what you saw, so you just blocked it out.


If the folks on main-street, and the independent press knew what was going on, then there would have been a revolution before dawn.

Fuck your IRA's and your 401k's you greedy bitches. When the bank bail-in's come, I hope you are the first to be hit.

CHAIRMAN BERNANKE. Thank you. President Stern.

MR. STERN. Thank you, Mr. Chairman. In thinking about the three issues you raised, I start from the presumption that we don’t need to convince market participants at this stage that we will do what it takes to, if possible, restore stability and to encourage financial and economic health. I think we need to convince them that we have an exit strategy and that we are prepared to execute it in a timely way.
http://www.federalreserve.gov/monetarypolicy/files/FOMC20090624meeting.pdf

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound. There IS no exit strategy, there are no loans for small businesses, and the economy still stagnates because of these toxic assets.

If all this were known back then, things would have been entirely different.


And still the rich treat Wall-street like their Casino.

 

[Toddsterpatriot]

That's retarded.

Nope, it is a fact....you see, I know more than you.

No it's not and no you don't.

Yeah, I know more than you....fact...so deal with it.

You clearly don't have an education. You read nonsense off the Internet.

See, this is why that "FED Audit Bill" needed to be passed.

Folks like you and Toddsterpatriot are happier living in denial and ignorance. You think your financial knowledge, or that of your advisers is good enough.


Who cares if the minutes of these meeting came off of the "internet?"


Does it make the knowledge any less valuable? The fact is, a massive deception was undertaken. I seriously doubt either one of you bothered to view that video, either that, or you just didn't like what you saw, so you just blocked it out.


If the folks on main-street, and the independent press knew what was going on, then there would have been a revolution before dawn.

Fuck your IRA's and your 401k's you greedy bitches. When the bank bail-in's come, I hope you are the first to be hit.

CHAIRMAN BERNANKE. Thank you. President Stern.

MR. STERN. Thank you, Mr. Chairman. In thinking about the three issues you raised, I start from the presumption that we don’t need to convince market participants at this stage that we will do what it takes to, if possible, restore stability and to encourage financial and economic health. I think we need to convince them that we have an exit strategy and that we are prepared to execute it in a timely way.
http://www.federalreserve.gov/monetarypolicy/files/FOMC20090624meeting.pdf

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound. There IS no exit strategy, there are no loans for small businesses, and the economy still stagnates because of these toxic assets.

If all this were known back then, things would have been entirely different.


And still the rich treat Wall-street like their Casino.

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound.

They don't have any toxic assets.

 

[MisterBeale]

Nope, it is a fact....you see, I know more than you.

No it's not and no you don't.

Yeah, I know more than you....fact...so deal with it.

You clearly don't have an education. You read nonsense off the Internet.

See, this is why that "FED Audit Bill" needed to be passed.

Folks like you and Toddsterpatriot are happier living in denial and ignorance. You think your financial knowledge, or that of your advisers is good enough.


Who cares if the minutes of these meeting came off of the "internet?"


Does it make the knowledge any less valuable? The fact is, a massive deception was undertaken. I seriously doubt either one of you bothered to view that video, either that, or you just didn't like what you saw, so you just blocked it out.


If the folks on main-street, and the independent press knew what was going on, then there would have been a revolution before dawn.

Fuck your IRA's and your 401k's you greedy bitches. When the bank bail-in's come, I hope you are the first to be hit.

CHAIRMAN BERNANKE. Thank you. President Stern.

MR. STERN. Thank you, Mr. Chairman. In thinking about the three issues you raised, I start from the presumption that we don’t need to convince market participants at this stage that we will do what it takes to, if possible, restore stability and to encourage financial and economic health. I think we need to convince them that we have an exit strategy and that we are prepared to execute it in a timely way.
http://www.federalreserve.gov/monetarypolicy/files/FOMC20090624meeting.pdf

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound. There IS no exit strategy, there are no loans for small businesses, and the economy still stagnates because of these toxic assets.

If all this were known back then, things would have been entirely different.


And still the rich treat Wall-street like their Casino.

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound.

They don't have any toxic assets.

The Fed bought all the MBS. Watch the video noob. Yes they do.

 

[Dale Smith]

Nope, it is a fact....you see, I know more than you.

No it's not and no you don't.

Yeah, I know more than you....fact...so deal with it.

You clearly don't have an education. You read nonsense off the Internet.

See, this is why that "FED Audit Bill" needed to be passed.

Folks like you and Toddsterpatriot are happier living in denial and ignorance. You think your financial knowledge, or that of your advisers is good enough.


Who cares if the minutes of these meeting came off of the "internet?"


Does it make the knowledge any less valuable? The fact is, a massive deception was undertaken. I seriously doubt either one of you bothered to view that video, either that, or you just didn't like what you saw, so you just blocked it out.


If the folks on main-street, and the independent press knew what was going on, then there would have been a revolution before dawn.

Fuck your IRA's and your 401k's you greedy bitches. When the bank bail-in's come, I hope you are the first to be hit.

CHAIRMAN BERNANKE. Thank you. President Stern.

MR. STERN. Thank you, Mr. Chairman. In thinking about the three issues you raised, I start from the presumption that we don’t need to convince market participants at this stage that we will do what it takes to, if possible, restore stability and to encourage financial and economic health. I think we need to convince them that we have an exit strategy and that we are prepared to execute it in a timely way.
http://www.federalreserve.gov/monetarypolicy/files/FOMC20090624meeting.pdf

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound. There IS no exit strategy, there are no loans for small businesses, and the economy still stagnates because of these toxic assets.

If all this were known back then, things would have been entirely different.


And still the rich treat Wall-street like their Casino.

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound.

They don't have any toxic assets.

The dollar IS a toxic asset because it isn't backed by anything tangible...the only thing it is backed by is the military might of USA.INC that can enforce it's will on any country that will not play ball and there are a quad-trillion dollars in derivatives that are just floating out there and the bubble is going to pop and it's not going to bode well for the Johnny Lunchpails when it happens and it's not a matter of IF it will happen but a matter of when.

 

[Dale Smith]

That's retarded.

Nope, it is a fact....you see, I know more than you.

No it's not and no you don't.

Yeah, I know more than you....fact...so deal with it.

You clearly don't have an education. You read nonsense off the Internet.

See, this is why that "FED Audit Bill" needed to be passed.

Folks like you and Toddsterpatriot are happier living in denial and ignorance. You think your financial knowledge, or that of your advisers is good enough.


Who cares if the minutes of these meeting came off of the "internet?"


Does it make the knowledge any less valuable? The fact is, a massive deception was undertaken. I seriously doubt either one of you bothered to view that video, either that, or you just didn't like what you saw, so you just blocked it out.


If the folks on main-street, and the independent press knew what was going on, then there would have been a revolution before dawn.

Fuck your IRA's and your 401k's you greedy bitches. When the bank bail-in's come, I hope you are the first to be hit.

CHAIRMAN BERNANKE. Thank you. President Stern.

MR. STERN. Thank you, Mr. Chairman. In thinking about the three issues you raised, I start from the presumption that we don’t need to convince market participants at this stage that we will do what it takes to, if possible, restore stability and to encourage financial and economic health. I think we need to convince them that we have an exit strategy and that we are prepared to execute it in a timely way.
http://www.federalreserve.gov/monetarypolicy/files/FOMC20090624meeting.pdf

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound. There IS no exit strategy, there are no loans for small businesses, and the economy still stagnates because of these toxic assets.

If all this were known back then, things would have been entirely different.


And still the rich treat Wall-street like their Casino.

Great post as usual.......always good to come across people that have the gift of discernment....

 

[Toddsterpatriot]

No it's not and no you don't.

Yeah, I know more than you....fact...so deal with it.

You clearly don't have an education. You read nonsense off the Internet.

See, this is why that "FED Audit Bill" needed to be passed.

Folks like you and Toddsterpatriot are happier living in denial and ignorance. You think your financial knowledge, or that of your advisers is good enough.


Who cares if the minutes of these meeting came off of the "internet?"


Does it make the knowledge any less valuable? The fact is, a massive deception was undertaken. I seriously doubt either one of you bothered to view that video, either that, or you just didn't like what you saw, so you just blocked it out.


If the folks on main-street, and the independent press knew what was going on, then there would have been a revolution before dawn.

Fuck your IRA's and your 401k's you greedy bitches. When the bank bail-in's come, I hope you are the first to be hit.

CHAIRMAN BERNANKE. Thank you. President Stern.

MR. STERN. Thank you, Mr. Chairman. In thinking about the three issues you raised, I start from the presumption that we don’t need to convince market participants at this stage that we will do what it takes to, if possible, restore stability and to encourage financial and economic health. I think we need to convince them that we have an exit strategy and that we are prepared to execute it in a timely way.
http://www.federalreserve.gov/monetarypolicy/files/FOMC20090624meeting.pdf

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound. There IS no exit strategy, there are no loans for small businesses, and the economy still stagnates because of these toxic assets.

If all this were known back then, things would have been entirely different.


And still the rich treat Wall-street like their Casino.

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound.

They don't have any toxic assets.

The Fed bought all the MBS. Watch the video noob. Yes they do.

All the MBS? How much would that have been?

 

[Toddsterpatriot]

No it's not and no you don't.

Yeah, I know more than you....fact...so deal with it.

You clearly don't have an education. You read nonsense off the Internet.

See, this is why that "FED Audit Bill" needed to be passed.

Folks like you and Toddsterpatriot are happier living in denial and ignorance. You think your financial knowledge, or that of your advisers is good enough.


Who cares if the minutes of these meeting came off of the "internet?"


Does it make the knowledge any less valuable? The fact is, a massive deception was undertaken. I seriously doubt either one of you bothered to view that video, either that, or you just didn't like what you saw, so you just blocked it out.


If the folks on main-street, and the independent press knew what was going on, then there would have been a revolution before dawn.

Fuck your IRA's and your 401k's you greedy bitches. When the bank bail-in's come, I hope you are the first to be hit.

CHAIRMAN BERNANKE. Thank you. President Stern.

MR. STERN. Thank you, Mr. Chairman. In thinking about the three issues you raised, I start from the presumption that we don’t need to convince market participants at this stage that we will do what it takes to, if possible, restore stability and to encourage financial and economic health. I think we need to convince them that we have an exit strategy and that we are prepared to execute it in a timely way.
http://www.federalreserve.gov/monetarypolicy/files/FOMC20090624meeting.pdf

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound. There IS no exit strategy, there are no loans for small businesses, and the economy still stagnates because of these toxic assets.

If all this were known back then, things would have been entirely different.


And still the rich treat Wall-street like their Casino.

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound.

They don't have any toxic assets.

The dollar IS a toxic asset because it isn't backed by anything tangible...the only thing it is backed by is the military might of USA.INC that can enforce it's will on any country that will not play ball and there are a quad-trillion dollars in derivatives that are just floating out there and the bubble is going to pop and it's not going to bode well for the Johnny Lunchpails when it happens and it's not a matter of IF it will happen but a matter of when.

The dollar IS a toxic asset because it isn't backed by anything tangible

Pussy says what?

You never answered my gold/silver question.
How much of the money supply was "real" under the gold or silver standard?

 

[MisterBeale]

Yeah, I know more than you....fact...so deal with it.

You clearly don't have an education. You read nonsense off the Internet.

See, this is why that "FED Audit Bill" needed to be passed.

Folks like you and Toddsterpatriot are happier living in denial and ignorance. You think your financial knowledge, or that of your advisers is good enough.


Who cares if the minutes of these meeting came off of the "internet?"


Does it make the knowledge any less valuable? The fact is, a massive deception was undertaken. I seriously doubt either one of you bothered to view that video, either that, or you just didn't like what you saw, so you just blocked it out.


If the folks on main-street, and the independent press knew what was going on, then there would have been a revolution before dawn.

Fuck your IRA's and your 401k's you greedy bitches. When the bank bail-in's come, I hope you are the first to be hit.

CHAIRMAN BERNANKE. Thank you. President Stern.

MR. STERN. Thank you, Mr. Chairman. In thinking about the three issues you raised, I start from the presumption that we don’t need to convince market participants at this stage that we will do what it takes to, if possible, restore stability and to encourage financial and economic health. I think we need to convince them that we have an exit strategy and that we are prepared to execute it in a timely way.
http://www.federalreserve.gov/monetarypolicy/files/FOMC20090624meeting.pdf

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound. There IS no exit strategy, there are no loans for small businesses, and the economy still stagnates because of these toxic assets.

If all this were known back then, things would have been entirely different.


And still the rich treat Wall-street like their Casino.

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound.

They don't have any toxic assets.

The Fed bought all the MBS. Watch the video noob. Yes they do.

All the MBS? How much would that have been?

AT what point in time?

JHC! I was right, you didn't watch the video. Why are we even having this conversation? We are talking past each other.


This is an interactive graph. You can pick any point in time, up to and including today.

Mortgage-backed securities held by the Federal Reserve: All Maturities

 

[Toddsterpatriot]

You clearly don't have an education. You read nonsense off the Internet.

See, this is why that "FED Audit Bill" needed to be passed.

Folks like you and Toddsterpatriot are happier living in denial and ignorance. You think your financial knowledge, or that of your advisers is good enough.


Who cares if the minutes of these meeting came off of the "internet?"


Does it make the knowledge any less valuable? The fact is, a massive deception was undertaken. I seriously doubt either one of you bothered to view that video, either that, or you just didn't like what you saw, so you just blocked it out.


If the folks on main-street, and the independent press knew what was going on, then there would have been a revolution before dawn.

Fuck your IRA's and your 401k's you greedy bitches. When the bank bail-in's come, I hope you are the first to be hit.

CHAIRMAN BERNANKE. Thank you. President Stern.

MR. STERN. Thank you, Mr. Chairman. In thinking about the three issues you raised, I start from the presumption that we don’t need to convince market participants at this stage that we will do what it takes to, if possible, restore stability and to encourage financial and economic health. I think we need to convince them that we have an exit strategy and that we are prepared to execute it in a timely way.
http://www.federalreserve.gov/monetarypolicy/files/FOMC20090624meeting.pdf

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound. There IS no exit strategy, there are no loans for small businesses, and the economy still stagnates because of these toxic assets.

If all this were known back then, things would have been entirely different.


And still the rich treat Wall-street like their Casino.

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound.

They don't have any toxic assets.

The Fed bought all the MBS. Watch the video noob. Yes they do.

All the MBS? How much would that have been?

AT what point in time?

JHC! I was right, you didn't watch the video. Why are we even having this conversation? We are talking past each other.


This is an interactive graph. You can pick any point in time, up to and including today.

https://research.stlouisfed.org/images/fredgraph-logo-2x.png

AT what point in time?

You made the claim, you tell me.

I was right, you didn't watch the video.

Which moronic video makes that idiotic claim?

Why are we even having this conversation?

Because you're an idiot making silly claims that you won't back up.

This is an interactive graph. You can pick any point in time, up to and including today.

Great, use it to tell me when the Fed "bought all the MBS". Durr.

 

[Dale Smith]

Yeah, I know more than you....fact...so deal with it.

You clearly don't have an education. You read nonsense off the Internet.

See, this is why that "FED Audit Bill" needed to be passed.

Folks like you and Toddsterpatriot are happier living in denial and ignorance. You think your financial knowledge, or that of your advisers is good enough.


Who cares if the minutes of these meeting came off of the "internet?"


Does it make the knowledge any less valuable? The fact is, a massive deception was undertaken. I seriously doubt either one of you bothered to view that video, either that, or you just didn't like what you saw, so you just blocked it out.


If the folks on main-street, and the independent press knew what was going on, then there would have been a revolution before dawn.

Fuck your IRA's and your 401k's you greedy bitches. When the bank bail-in's come, I hope you are the first to be hit.

CHAIRMAN BERNANKE. Thank you. President Stern.

MR. STERN. Thank you, Mr. Chairman. In thinking about the three issues you raised, I start from the presumption that we don’t need to convince market participants at this stage that we will do what it takes to, if possible, restore stability and to encourage financial and economic health. I think we need to convince them that we have an exit strategy and that we are prepared to execute it in a timely way.
http://www.federalreserve.gov/monetarypolicy/files/FOMC20090624meeting.pdf

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound. There IS no exit strategy, there are no loans for small businesses, and the economy still stagnates because of these toxic assets.

If all this were known back then, things would have been entirely different.


And still the rich treat Wall-street like their Casino.

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound.

They don't have any toxic assets.

The dollar IS a toxic asset because it isn't backed by anything tangible...the only thing it is backed by is the military might of USA.INC that can enforce it's will on any country that will not play ball and there are a quad-trillion dollars in derivatives that are just floating out there and the bubble is going to pop and it's not going to bode well for the Johnny Lunchpails when it happens and it's not a matter of IF it will happen but a matter of when.

The dollar IS a toxic asset because it isn't backed by anything tangible

Pussy says what?

You never answered my gold/silver question.
How much of the money supply was "real" under the gold or silver standard?

If you want to have a dialogue with me? Change your fucking attitude because I no longer have the patience nor the inclination to spend my time trying to educate the trolls and shills. I am trying to give people like you the benefit of my quest for how things really work. I have sacrificed my personal time in order to work this shit out out and I have a really good grasp of the situation that we face and what will happen unless we wake up as a group...keep up your flaming asshole ways and I will toss you to the "Iggy" trash heap sooner than Michael Moore can say "Supersize me"......the choice is yours.

 

[Toro]

You clearly don't have an education. You read nonsense off the Internet.

See, this is why that "FED Audit Bill" needed to be passed.

Folks like you and Toddsterpatriot are happier living in denial and ignorance. You think your financial knowledge, or that of your advisers is good enough.


Who cares if the minutes of these meeting came off of the "internet?"


Does it make the knowledge any less valuable? The fact is, a massive deception was undertaken. I seriously doubt either one of you bothered to view that video, either that, or you just didn't like what you saw, so you just blocked it out.


If the folks on main-street, and the independent press knew what was going on, then there would have been a revolution before dawn.

Fuck your IRA's and your 401k's you greedy bitches. When the bank bail-in's come, I hope you are the first to be hit.

CHAIRMAN BERNANKE. Thank you. President Stern.

MR. STERN. Thank you, Mr. Chairman. In thinking about the three issues you raised, I start from the presumption that we don’t need to convince market participants at this stage that we will do what it takes to, if possible, restore stability and to encourage financial and economic health. I think we need to convince them that we have an exit strategy and that we are prepared to execute it in a timely way.
http://www.federalreserve.gov/monetarypolicy/files/FOMC20090624meeting.pdf

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound. There IS no exit strategy, there are no loans for small businesses, and the economy still stagnates because of these toxic assets.

If all this were known back then, things would have been entirely different.


And still the rich treat Wall-street like their Casino.

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound.

They don't have any toxic assets.

The dollar IS a toxic asset because it isn't backed by anything tangible...the only thing it is backed by is the military might of USA.INC that can enforce it's will on any country that will not play ball and there are a quad-trillion dollars in derivatives that are just floating out there and the bubble is going to pop and it's not going to bode well for the Johnny Lunchpails when it happens and it's not a matter of IF it will happen but a matter of when.

The dollar IS a toxic asset because it isn't backed by anything tangible

Pussy says what?

You never answered my gold/silver question.
How much of the money supply was "real" under the gold or silver standard?

If you want to have a dialogue with me? Change your fucking attitude because I no longer have the patience nor the inclination to spend my time trying to educate the trolls and shills. I am trying to give people like you the benefit of my quest for how things really work. I have sacrificed my personal time in order to work this shit out out and I have a really good grasp of the situation that we face and what will happen unless we wake up as a group...keep up your flaming asshole ways and I will toss you to the "Iggy" trash heap sooner than Michael Moore can say "Supersize me"......the choice is yours.

You should have used your time wiser, like obtaining a degree in economics or finance. Then you wouldn't believe such silly things.

 

[whitehall]

That's the problem with a senator campaigning for president. You get to scrutinize his/her voting record and you get to feign outrage and call a candidate a "hypocrite" for failing to vote on an issue you suddenly find fascinating. You gotta hand it to Barry Hussein though, his short senate term was marked by mediocrity and nobody made an issue about it.

 

[Toddsterpatriot]

You clearly don't have an education. You read nonsense off the Internet.

See, this is why that "FED Audit Bill" needed to be passed.

Folks like you and Toddsterpatriot are happier living in denial and ignorance. You think your financial knowledge, or that of your advisers is good enough.


Who cares if the minutes of these meeting came off of the "internet?"


Does it make the knowledge any less valuable? The fact is, a massive deception was undertaken. I seriously doubt either one of you bothered to view that video, either that, or you just didn't like what you saw, so you just blocked it out.


If the folks on main-street, and the independent press knew what was going on, then there would have been a revolution before dawn.

Fuck your IRA's and your 401k's you greedy bitches. When the bank bail-in's come, I hope you are the first to be hit.

CHAIRMAN BERNANKE. Thank you. President Stern.

MR. STERN. Thank you, Mr. Chairman. In thinking about the three issues you raised, I start from the presumption that we don’t need to convince market participants at this stage that we will do what it takes to, if possible, restore stability and to encourage financial and economic health. I think we need to convince them that we have an exit strategy and that we are prepared to execute it in a timely way.
http://www.federalreserve.gov/monetarypolicy/files/FOMC20090624meeting.pdf

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound. There IS no exit strategy, there are no loans for small businesses, and the economy still stagnates because of these toxic assets.

If all this were known back then, things would have been entirely different.


And still the rich treat Wall-street like their Casino.

Now, I submit to you, they STILL don't have a way to unwind these assets. Those toxic assets still are being held, with no way to be unwound.

They don't have any toxic assets.

The dollar IS a toxic asset because it isn't backed by anything tangible...the only thing it is backed by is the military might of USA.INC that can enforce it's will on any country that will not play ball and there are a quad-trillion dollars in derivatives that are just floating out there and the bubble is going to pop and it's not going to bode well for the Johnny Lunchpails when it happens and it's not a matter of IF it will happen but a matter of when.

The dollar IS a toxic asset because it isn't backed by anything tangible

Pussy says what?

You never answered my gold/silver question.
How much of the money supply was "real" under the gold or silver standard?

If you want to have a dialogue with me? Change your fucking attitude because I no longer have the patience nor the inclination to spend my time trying to educate the trolls and shills. I am trying to give people like you the benefit of my quest for how things really work. I have sacrificed my personal time in order to work this shit out out and I have a really good grasp of the situation that we face and what will happen unless we wake up as a group...keep up your flaming asshole ways and I will toss you to the "Iggy" trash heap sooner than Michael Moore can say "Supersize me"......the choice is yours.

If you want to have a dialogue with me?

Nah, just enjoy pointing out your idiocy. And your high estrogen level.

How much of the money supply was "real" under the gold or silver standard?