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« Daily Bail Comedy Short: Bernanke & Obama Examine The Patient | Main | Video: Cashin, Wein & Kernen Debate The Market's Meteoric Rise »
Wednesday
Oct142009

Mobilize: End The Fed Action Day Is November 22 (Video) 

All the details can be found at End The Fed, which is an impressive resource.  We added their green widget at the bottom of the videos in our right column.  If you're a blogger, embed it on your site.  Don't slack.  Only your future is at stake.

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If you support our cause then PLEASE re-tweet our stories when you visit.  It takes about 5 seconds and is something simple you can do that really makes a difference.

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Reader Comments (16)

Must be part of the worldwide bankster conspiracy, but every time I try to go to the End the Fed site my computer goes into take-off mode and my browser freezes up. Anyone else?
Oct 14, 2009 at 4:45 PM | Unregistered CommenterJames H
* You have Nov 29 in the title of this post.

A friend brought up a good point last year about having the protest on a Saturday (and this year on a Sunday). I get the reason for the date --Nov 22, but business districts are dead on the weekend. No people, no traffic, no coverage. Do I have to wait until 2010?
Oct 14, 2009 at 4:51 PM | Unregistered Commenterallie
works for me...i checked IE and firefox...both fine...
Oct 14, 2009 at 4:51 PM | Registered CommenterDailyBail
Nope. You must be higher up on the watch list than me.
Oct 14, 2009 at 4:52 PM | Unregistered Commenterallie
Nice...james is high on the list because of his burgeoning tax-delay movement.
Oct 14, 2009 at 4:53 PM | Registered CommenterDailyBail
James has the FBI, CIA, and the UFO's after him. Better wrap your computer in tin foil.
Oct 14, 2009 at 5:03 PM | Unregistered CommenterS. Gompers
Thanks for the tip on teh date...none of the old links will work so if you posted it somehwere it's now a dead link...

But i fixed all 3 photo links and the WATCH links for email readers...and twitter...and facebook...what a pain in teh ass when i fuck up a title...the dominoes start falling...
Oct 14, 2009 at 5:05 PM | Registered CommenterDailyBail
Lol, then don't fuck up ;)
Oct 14, 2009 at 5:07 PM | Unregistered Commenterallie
HR. 833 still has no cosponsors since February. Bills with no cosponsors tend to die in committee.

http://www.govtrack.us/congress/bill.xpd?bill=h111-833

Contact your elected officials and ask them if they do not support this because they need contributions from agents of the FED for re election.
Oct 14, 2009 at 5:49 PM | Unregistered CommenterS. Gompers
Look, it's not like I'm say'in our execution was perfect but I don't think that you folks fully appreciate the nature of the precipice faced in Fall 08. My pal Hank and I had to act. Even if we'd followed the Good Bank - Bank Bank model the US taxpayers would have had to pony up in excess of $700bn to capitalize the new Good institutions and additional quantitative easing would likely still have been necessary. The perfect should not be the enemy of the good.

I guess at least the equity holders would have been crushed and the Daily Bail would have been able to monetize his short positions. It's true that the bond holders should also have been required to take a hair-cut but remember your pension funds and insurance providers hold the largest positions so you'd still have suffered some major pain. With respect to the AIG-Goldman connection, mea culpa. I realize that Lloyd, aka The King of the Golden Scrots, can hardly contain his glee given the $3.2bn 3Q09 earnings results and that's really not fair.

Yeah, we should be audited and our true indepence ensured but, really, no Central Bank? I'm interested in learning what you End the Fed'ers think might reasonalby replace a functioning monetary authority. Remember that a fixing global currencies requires a completely closed system, can exacerbate the transmission of economic shocks from one country to another, requires all countries to adjust interest rates to maintain the balance of payments parity, may still manipulated, may be deflationary if the amount of the physical asset which backs the system remains constant, can still lead to maxi-devaluations and, ultimately, doesn't limit a government's abilty to issue debt.

Even without the Fed you'd still be dependent upon your elected officials to practice fiscal discipline and if they don't you've given up a shock absorber. In absence of the ability to adjust monetary policy the US would inevitably suffer more volatility in growth, unemployement and inflation.

Face it folks, it's not the Fed, it's your elected officials.

Curious,
HB
Oct 15, 2009 at 12:51 PM | Unregistered CommenterHelicopter Ben
Of course it is the elected officials, the fact that HR. 833 has no cosponsors testifies to the bullshit of it all.
Oct 15, 2009 at 1:35 PM | Unregistered CommenterS. Gompers
HB

If you want my honest answer...It's a political ploy...we want an audit...a real scrub...maiden lane parts 1,2 and 3, the ring fences...the collateral on your sheets...the strip malls, hotels and office buildings you now own...the mbs securuities...the other agency crap on your books...the Bear Stearns and AIG dredge...let us see EVERYTHING...

Once we know what kind of gargantuan mistakes (giveaways) you're responsible for then we'll talk about next steps...Despite your thoughts, we can advance and exist without the Fed...Congress can charter a completely public instiuttion to handle most of your duties...

But if we scare you with talk of ending your charter (political ploy), we are much more likely to win the first step which is the AUDIT I spoke of above...from there we will take it one step at a time...

Demand a lot, accept less. Demand more next year if we don't like what we see. Any politician worth his salt knows this by heart.
Oct 15, 2009 at 1:53 PM | Registered CommenterDailyBail
It's happening. Florida is leading the way!
http://letthemfail.us/archives/2315
Oct 16, 2009 at 9:39 AM | Unregistered CommenterWil Martindale
Great article Wil,
Oct 16, 2009 at 11:01 AM | Unregistered CommenterS. Gompers
nice piece wil...
Oct 19, 2009 at 7:26 PM | Registered CommenterDailyBail

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