Just in case you had any lingering doubt about how hopelessly screwed the world’s monetary and financial system really is, all you have to do is learn that in a series of ceremonies (because that is so appropriate with a record number Americans on food stamps) celebrating Ben Bernanke in recent days incoming Fed head Janet Yellen likened Bernanke to Obi-Wan Kenobi, the wise, experienced Jedi Knight mentor to his protégé Luke Skywalker in “Star Wars” movies.
There’s nothing that makes you feel more warm and fuzzy inside than the recognition that the soon to be most powerful person in the world thinks that printing trillions of dollars and giving it to criminals at zero interest qualifies as attributes of a intergalactic Jedi Master.
On the flip-side, this right here is what 95% of Americans think of Bernanke and his criminal cartel.
Not from The Onion, but from the Wall Street Journal we learn that:
Officials held a series of ceremonies honoring Mr. Bernanke in the past few days. At a dinner Tuesday evening among senior officials, Ms. Yellen likened Mr. Bernanke to Obi-Wan Kenobi, the wise, experienced Jedi Knight mentor to his protégé Luke Skywalker in “Star Wars” movies. She jokingly imagined Mr. Bernanke advising her to trust in the Fed’s statement of objectives, a document that lays out its goals for inflation and jobs, according to someone familiar with the event.
Mr. Bernanke received a standing ovation from Fed officials at the FOMC meeting in its boardroom earlier Tuesday. And he was toasted Thursday by hundreds of Fed staff packed into an atrium at the Fed’s Eccles Building, where they were served peanuts, popcorn and crackerjacks in honor of Mr. Bernanke’s love of baseball.
Kill. Me.
Full article here.
In Liberty,
Michael Krieger
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On Death and Derivatives
One place to start is to note that JP Morgan Chase had, at the end of 2012, a mind boggling, but only silver medal, $69.5 Trillion with a ‘T’ gross notional Deriviatives exposure . While the gold medal for exposure to Derivative risk goes to …Deutsche Bank, with $72.8 or €55.6 Trillion Gross Notional Exposure. Gross Notional means this is the face value of all the derivative deals it has signed. Which the bank would be very quick to tell you would Net Out to far, far less. Netting Out, for those of you who do not know just means that a bet/contract in one direction is considered to balance or cancel out a similar sized bet/contract betting the other way. But as I wrote in Propaganda War – Risk Weighted Lies and further in Propaganda Wars – Balance Sheet Instabilities ,
…this sort of cancelling out is fine on paper but in reality is more akin to people trying to swap sides in a rowing boat.
Both of the men who killed themselves were intimately concerned with judging and safeguarding their bank from risk.
http://www.golemxiv.co.uk/2014/01/on-death-and-derivatives/
…and what a farce it is.
for more farce, check out this link to brotherjohnf, of ‘silver for the people’, and his expose of christine lagarde, head of the imf. she speaking of the number 7, numerology, and all other hocus pocus, in an official broadcast by that hallowed organization.
http://www.youtube.com/watch?v=EHVDs8EC-xs&list=UUyk94lY4SR7ecVwXdAfZ5Mg&feature=c4-overview
update 1/21/14, “global vampires”
i wonder if god isnt just sitting in his armchair somewhere, beer in hand,
having a good laugh, watching all this transpire wondering/knowing where it will all lead. for the average humanoid, this is fffing scary at best.
we are all doomed.
Janet Yellen was correct in comparing the Bernanke with Obi-Wan because of his success using the Jedi Mind Trick. He waved his hand in front of the American public and said, “We are not the ones you are looking for.” And the guardians of this country sank back into their default somnambulistic state and let the Federal Reserve private banksers pass with the 4.1 trillion the Bernanke stole from the U.S. treasury during his tenure.
Where did Pragalba’s comment go? I can’t find it. He said:
Pragalba on February 1, 2014 at 9:59 pm said:
“Janet Yellen was correct in comparing the Bernanke with Obi-Wan because of his success using the Jedi Mind Trick. He waved his hand in front of the American public and said, “We are not the ones you are looking for.” And the guardians of this country sank back into their default somnambulistic state and let the Federal Reserve private banksters pass with the 4.1 trillion the Bernanke stole from the U.S. treasury during his tenure.”
This was brilliant. Where did you put it?
~L
One fictional Human Being, referring to another fictional Human Being, described as a third fictional Human Being. I finally understand why I have more belief in the third fictional Human Being than the first two.
THE ONLY REAL OPTION LEFT;
http://screwthefed.wordpress.com/2011/07/13/class-action-lawsuit-against-the-federal-reserve-bank/
Well one has to remember, Darth Vader was also schoole by the Jedi Knight Obi-Wan! He turned out to be bad JuJu for the rebellion! lol Just like Bernake!