Yeah, you read that header right. Plain and simple, right during broadcasting hours, Dylan Ratigan of MSNBC states about the Fed:
We are getting closer to fully exposing the greatest con and cover up in the history of this country. It involves our banks, the Federal Reserve, our Congress and, of course, you and me. First, though, think of the Fed as the godfather in this con.
Oh, but Ratigan goes even further; you have to check out the video below and share it with someone who may not yet be convinced of the public ponzi-scheme that is the bailouts, cheap money, inflation, and the accursed Federal Reserve.
Mainstream media is powerful -- the commoner starts with them. When they actually do something right, make sure to leverage it. Spread the word, the masses are waking...
H/t to Karen Decoster of the LRC Blog.
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Poor old Dylan. What he fails to understand (or at least say in this piece) is that the very idea that there should be a Federal Reserve is flawed; there should be no 'Fed Chairman' who has the power to control interest rates.
Interest rates should be a function of supply and demand, set in the market by the providers of loans.
Money should be gold coins, in the hands of the public; there should be no central bank with the power to create money out of nothing.
Grayson, a socialst, is a jealousy politcian whose only interest is to punish the rich. If he really cared about this scandal, he should be pushing exclusively for the orderly retirement of the Federal Reserve Note and the repeal of legal tender laws so that private money can replace the Fiat currency of the USA. He will never do this of course, because he is fundamentally against the idea of businessmen working to make a profit, and making money out of money is anathema to him.
No amount of punishment or regulation is going to return that stolen value. The only thing to do now is to start over without a central bank and hard money.
Dylan Ratigan can make one million slots like this without changing anything. Until he instructs his viewers to dump their dollars for gold coins, and he does so himself (including demanding that he is paid in gold by MSNBC) this absurd fraud will continue until the whole charade explodes.
Whle we are at it, take a look at this:
http://www.youtube.com/watch?v=zWnLr2JEn1w&feature=player_embedded
http://www.youtube.com/watch?v=RTYizzdHAXM&feature=player_embedded
Max Keiser is right of course.
I wonder how many YAL members own gold? At the end of the day it is small actions like this that will solve this problem, not endlessly talking about it, donating to blimps or attending demonstrations.
I do agree with you that the Federal Reserve should be completely abolished (along with the rest of the govt monopoly). Even if Grayson has no intentions of supporting such measures, the bill to Audit the Fed, if passed, will bring to light the monetary policy of our ruling elite. I have few doubts that if a full audit of the Fed is enacted, congress will have little choice but to abolish the failed monopolistic institution. This would open up dialogue about the role of govt. I would hope that the ABCT would be in the limelight for being 100% correct.
I wish I could afford to buy more gold. Silver is also a good investment for those who can't.
Alarming. Terrifiying.
Some questions to ask:
1) What's the difference between a bubble and a ponzi scheme?
2) Would ponzi schemes be less frequent if there was less regulation of the financial industry?
3) What is more likely to increase in an unregulated market, transparency or obfuscation?
LOL
Dude, how is that even relevant to the Federal Reserve or the video?
Answer me this: Is the Federal Reserve regulated? Wait, or is it the regulator? Wait again, what if it's the bastard behind the fincanical obfuscation? Oh, no! Government buracracy can do no wrong, the Fed is Perrrrrfect.
Give me a break--did you even watch the video? It's pretty straightforward--hidden inflation is a tax just like these bubbles. Wait, a bubble can be a ponzi-scheme? Duh, that's the whole point of why the Fed sucks. Peruse deeper before you assume omniscience.
"Dude, how is that even relevant to the Federal Reserve or the video?"
1) A big part of the video is really a confusion of ponzis and bubbles. You don't want to promote fear based on ignorance, do you?
2&3) Conspiracy theories about the Fed are typically used as a bullet point in the argument against interfering with free markets. But you can't weed the market or require transparency without interference. A bad job of regulation doesn't mean regulation is a bad thing in itself.
"Answer me this: Is the Federal Reserve regulated? Wait, or is it the regulator?"
I didn't say it was an effective regulator. It definitely acts in the interest of the financial industry, ideally to stabilize it. That's why there's a push for a separate regulatory agency to protect consumers.
"Wait again, what if it's the bastard behind the fincanical obfuscation? Oh, no! Government buracracy can do no wrong, the Fed is Perrrrrfect."
Not sure where I said that. And how is the Fed behind the financial obfuscation that caused the collapse?
"It's pretty straightforward--hidden inflation is a tax just like these bubbles."
Bubbles are taxes as well as ponzi schemes? Hidden inflation? Controlling inflation is actually a very public mission of the Fed. There's nothing hidden about it.
"Duh, that's the whole point of why the Fed sucks."
The Fed obviously has issues. But that doesn't mean the video is right in how it portrays them.
"Peruse deeper before you assume omniscience."
I'm not the one claiming to know the secret workings of government conspiracies.