Brawls at the Federal reserve?

[Avernus]

http://larouchepac.com/node/15589

 

 

A senior Washington intelligence source reported this morning that a serious fight has erupted inside the Federal Reserve over hyperinflation, and that people close to the Fed are going to be leaking details, which means the fight will intensify and become more public. He added that that fight is now erupting inside this week's annual Jackson Hole economic summit of the Fed, whose host, Thomas Hoenig of the Kansas City Fed, has publicly dissented from Bernanke's hyperinflationary decisions at each of the last eight meetings of the Federal Open Market Committee. And indeed, sources at that Jackson Hole gathering report that it is an extremely interesting one, especially its off-the-record discussions.

 

Lyndon LaRouche responded, "I'm not surprised about the brawl in the Fed; for me it's not commentary. I know what's going on. If we don't get rid of this President, you're not going to have a country. We're talking about very short term. I think interpreting events is a mistake, because you're not interpreting the non-events, or the events which are happening but which are not being reported or not being referred to."

 

Returning to this topic, he added, later: "The break actually happened several weeks ago, and what you're seeing with this Jackson Hole meeting of the Fed, and things like that, is you're seeing reflections of the fact that anybody on the inside knows, without any statistical mumbo-jumbo, that this system is coming down fast."

 

Similarly, today's Wall St Journal reports that the Aug 10 meeting of the Federal Open Market Committee, whose decision to purchase hundreds of billions of Treasuries was part of the Weimar-hyperinflationary turn in policy that LaRouche had forecast, was the "most contentious" such meeting in "bubbles" Ben Bernanke's four-plus-year tenure as Chairman. Although Hoenig was the only dissenter on the final vote, the Journal reports that no fewer than seven of the seventeen committee members expressed serious reservations concerning that insane decision.

 

On Monday, Aug 23, Hoenig testified before a field hearing of the House Subcommittee on Oversight and Investigations. In his testimony, available at the website of the Kansas City Fed, Hoenig showed that it is the community banks which are still providing credit to American businesses, while the bailed-out Wall Street banks have ceased to do so for practical purposes. But that the great danger to these community banks is the "too-big-to-fail" giants of Wall Street. The Kansas City Fed website also features Hoenig's address to a Lincoln, Nebraska, Town Hall Meeting of Aug. 13, where he detailed his arguments against Bernanke's zero-interest rate policy. Sources around the Fed report that Hoenig feels obligated to publicize his opposition the more, because of the large numbers of other opponents who are unable to go public as of now.

 

Additionally, on Tuesday, Aug. 24, Dallas Federal Reserve President Richard Fisher gave a Fox Business News interview expressing cautious reservations about the Bernanke policies in diplomatic language. Both Hoenig and Fisher are Glass-Steagall supporters who also supported the Sen. Blanche Lincoln efforts to limit bank derivatives trading.

 

I guess this could explain why silver and gold have gone up despite a strong dollar and weak stock market....

 

very interesting times right now...

[SEC=UGA]

If Obama were a white, Christian man none of this dissent and second guessing would be occurring.

[TimC]

If Obama were a white, American-born Christian man none of this dissent and second guessing would be occurring.

 

Fixed.

[Avernus]

If Obama were a white, Christian man none of this dissent and second guessing would be occurring.

 

 

what about Bush?.... both suck and so have the last x number of presidents sans Kennedy...

 

Bush and Obama are the same...they just wear different disguises like the villains in Scooby Doo

[Avernus]

Fixed.

 

[TimC]

very interesting times right now...

 

My guess is wiegie is going to post a lot less when Brent is proven right.

[Jimmy Neutron]

My guess is wiegie is going to post a lot less when Brent is proven right.

 

[Avernus]

 

TimC is on a roll right now....

[westvirginia]

My guess is wiegie is going to post a lot less when Brent is proven right.

 

You're on fire, buddy. You should have your own show.

 

And wedgie will still tell Brent he's wrong because he didn't adjust for inflation.

[bpwallace49]

...they just wear different disguises like the villains in Scooby Doo

 

"and they woulda gotten away with it too if it werent for those meddling kids!"

 

[Pope Flick]

Lyndon Larouche is a crackpot, and so are his supporters. Anything they say without verifiable backup - which much if this is - should certainly be taken with a grain or ten of salt.

[Brentastic]

You guys know this is just a ruse, right? Privatized central banking (The Fed here in America) is the SOLE culprit for all the economic disfunction in the wold today. But here's the catch, it is intended disfunction created by the central bankers themselves. Booms, busts, inflation, deflation - are all calculated events orchestrated by these bankers. They know what they are doing, people are starting to catch on so now they must keep the 'game' going by pretending certain members are fighting etc... Bullchit! They are designing the crash so wealth can be consolidated into their grubby little paws. Don't be fooled people, educate yourselves on the history of private cental banking and basically don't believe anything Wiegie trys to say.

[Avernus]

You guys know this is just a ruse, right? Privatized central banking (The Fed here in America) is the SOLE culprit for all the economic disfunction in the wold today. But here's the catch, it is intended disfunction created by the central bankers themselves. Booms, busts, inflation, deflation - are all calculated events orchestrated by these bankers. They know what they are doing, people are starting to catch on so now they must keep the 'game' going by pretending certain members are fighting etc... Bullchit! They are designing the crash so wealth can be consolidated into their grubby little paws. Don't be fooled people, educate yourselves on the history of private cental banking and basically don't believe anything Wiegie trys to say.

 

 

you are probably right here....organized confusion...

[CaP'N GRuNGe]

You guys know this is just a ruse, right? Privatized central banking (The Fed here in America) is the SOLE culprit for all the economic disfunction in the wold today. But here's the catch, it is intended disfunction created by the central bankers themselves. Booms, busts, inflation, deflation - are all calculated events orchestrated by these bankers. They know what they are doing, people are starting to catch on so now they must keep the 'game' going by pretending certain members are fighting etc... Bullchit! They are designing the crash so wealth can be consolidated into their grubby little paws. Don't be fooled people, educate yourselves on the history of private cental banking and basically don't believe anything Wiegie trys to say.

 

So Wiegie is in on the conspiracy too?

[Avernus]

So Wiegie is in on the conspiracy too?

 

 

no, I think he's saying that Wiege is educated in the system and it's what he knows best...

 

Brent is saying that the system is rigged....not step by step in a thorough manner, but overall as in the "big picture"...not that Wiege is one of the people behind pulling the strings, he's one of the many people that helps make the system what it is...and it allows for people to be manipulated...

[Lady.hawke]

Loved that West Virginia called Wiegie as Wedgie. It is a crime that Wiegie is educating anyone's children with his Socialist Economics - and getting paid to do so. I cannot wait for his apologetic response to this thread, that no thinking person will believe.

[Brentastic]

no, I think he's saying that Wiege is educated in the system and it's what he knows best...

 

Brent is saying that the system is rigged....not step by step in a thorough manner, but overall as in the "big picture"...not that Wiege is one of the people behind pulling the strings, he's one of the many people that helps make the system what it is...and it allows for people to be manipulated...

Perfect explanation, thanks for saving me from typing.

[SEC=UGA]

Perfect explanation, thanks for saving me from typing.

 

Welcome brack Brent.

[Brentastic]

Welcome brack Brent.

[wiegie]

You guys know this is just a ruse, right? Privatized central banking (The Fed here in America) is the SOLE culprit for all the economic disfunction in the wold today. But here's the catch, it is intended disfunction created by the central bankers themselves. Booms, busts, inflation, deflation - are all calculated events orchestrated by these bankers. They know what they are doing, people are starting to catch on so now they must keep the 'game' going by pretending certain members are fighting etc... Bullchit! They are designing the crash so wealth can be consolidated into their grubby little paws. Don't be fooled people, educate yourselves on the history of private cental banking and basically don't believe anything Wiegie trys to say.

Yes, god-forbid you believe anybody who got his PhD in economics with a focus on financial history and who had a Nobel prize winning economist on his dissertation committee.

[wiegie]

Loved that West Virginia called Wiegie as Wedgie. It is a crime that Wiegie is educating anyone's children with his Socialist Economics - and getting paid to do so. I cannot wait for his apologetic response to this thread, that no thinking person will believe.

yes, calling me wedgie is very clever. And, yes, my economic philosophy is left of Marx and Engels. And, yes, I make tons of money indoctrinating your children with my godless lies.

 

As for my response about the economy, if the Fed is to blame for all that is wrong with the economy today, then it would suggest that things would have been been better before the Fed was created. But then someone has to explain what happened to cause the financial crisis in, say, 1857, 1873, 1893 & 1907.

[SEC=UGA]

Yes, god-forbid you believe anybody who got his PhD in economics with a focus on financial history and who had a Nobel prize winning economist on his dissertation committee.

 

I took 4 econ classes, 1 from an Austrian, 1 from a Chinaman, 1 from an Indian (dot, dot), and one from a dude from Ghana. I think I know not of what any of them spoke...

 

Though, I took a finance class from an Austrian and understood every single word. A systems and operations management class from an Indian (dot, dot) and understood every word. I took a couple of computer science classes from a couple Indians (dot, dot) and understood every word.

 

I think you economists speak funny.

[Perchoutofwater]

As for my response about the economy, if the Fed is to blame for all that is wrong with the economy today, then it would suggest that things would have been been better before the Fed was created. But then someone has to explain what happened to cause the financial crisis in, say, 1857, 1873, 1893 & 1907.

 

Would the crisis of 1857 have anything to do with too many uneducated Irish immigrants finally overwhelming the system? Would crisis of 1873 have anything to do with the devastation the norther aggressors wrecked on the south, and that debt that they accumulated doing so?

[TimC]

Oooooh, fancy pants Nobel Prize....did he get that one month after graduating college? We're soooo impressed.

 

I'll bet they have the same arguments over at the weather message boards where someone says because they were a professional student instead of living in the real world, they know more than everyone else about being completely wrong in their guesses.

[Brentastic]

Our founding fathers warned us:

 

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)

 

“I believe that banking institutions are more dangerous to our liberties than standing armies.” – Thomas Jefferson

 

History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance. -James Madison

 

The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity. -Abraham Lincoln

 

The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies, all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the Bankers in the rear. Of the two, the one at my rear is my greatest foe.. corporations have been enthroned and an era of corruption in high places will follow, and the money powers of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic is destroyed - Abraham Lincoln

 

The refusal of King George III to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators was probably the prime cause of the revolution. Benjamin Franklin