mpower

Treasury Market Rigging: John Jansen vs. Tyler Durden

Treasury issues bonds.
Fed buys same bonds.

Is Jansen suggesting that this less-than-covert transaction is NOT de facto debt monetization?

Durden and other digital journalists continue to piece together a nasty, corrupt puzzle (privately owned MSM refuses to cover) that is beginning to outweigh the capacity to cover-up and protect the guilty.

Funny how the MSM attempts to belittle digital journalists by referring to them as "bloggers", as if the term were somehow negative. What's funnier is how the market increasingly regards digital journalism as their primary/best source of real news, while ratings for traditional MSM outlets plummet despite their pathetic attempts to broadcast evermore irrelevant garbage.

Broadcast news agencies are competing for a shallow, shrinking pool of reality TV viewers (zombies), while productive citizens with a few brain cells are online - reading Tyler Durden @ Zero Hedge.

On the credibility scale, bloggers>MSM.

MSM have nobody to blame but themselves. Just plan the funeral already. The bloggers will outlive Charlie Gasparino, Dennis Kneale, Larry Kudlow and all the other corporate whores.

MSM RIP.

The Worst Case Scenario (Someone Has to Say It)

"The Federal Reserve is not a private bank." False. The Fed is private. Multiple attempts (by Congress & private citizens) to discover the ownership hierarchy of the Fed have been blocked/ignored. The Fed is NOT a public or federal entity.


"(The Fed is) a bank created by federal law and designed for independence in it's action. There are 12 member banks that take care of Federal Reserve responsibilities in designated sections of the country." True, except it does not consist of 'member' banks, just 12 branches of the same, PRIVATE bank.

"It is audited regularly and monitored by Congress." False. The Federal Reserve has not been audited for some decades now, and renewed attempts to perform a modern audit have been blocked by federal courts and bureaucratic resistance.

"Profits go to the federal government." False. The Fed keeps it's profits - as do all private organizations. Sans an audit or discovery of Fed ownership, we have no idea where Fed profits are distributed.

"Go to federalreserve.gov... for a start on FRB." While you're there drop them a line and ask who owns the Fed. Or perhaps ask them why the USA leases it's own currency from a private-for-profit bank. Or perhaps ask them where the profits from this currency lease agreement end up... ask for specific GAO documentation. Good luck with these questions - you will not get answers.

FRB requires transparency and honest regulation. We have neither. Our banking system (starting with the Fed) is a black box - zero transparency (why?). And regulation has failed miserably. Thus, FRB is unrealistic... we simply cannot trust ourselves to regulate our own banking system... too much greed.

Read It and Weep for the USA

roadkill : amen.

Let the system collapse, allow these banks to fail, maintain the relationship b/t risk and consequence. Nothing is "too big to fail"... not government, not the $USD, not the global financial system.

Alternative proposal? Do nothing. Allow the natural course of events to unfold... messy? yes. painful? yes. Is short-term anarchy preferable to a never-ending string of bailouts at the taxpayer's expense? yes, absolutely.

Continued, unquantified bailouts of the world's wealthiest institutions is the worst possible course of action. All available evidence up to this point in history is clear... postponing the inevitable only makes matters worse.