MUST SEE VIDEO - Dylan Ratigan Is Mad As Hell
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Video - Dylan Ratigan's Network Moment - Aug. 9, 2011
Do NOT skip this. This is the complete clip. The action begins at the 3:44 mark.
Transcript is below.
We’ve got a real problem…this is a mathematical fact. Tens of trillions of dollars are being extracted from the United States of America. Democrats aren’t doing it, republicans aren’t doing it, an entire integrated system, banking, trade and taxation, created by both parties over a period of two decades is at work on our entire country right now.
Dylan: What are you talking about $4 trillion?
Karen: $4 trillion, I’m saying…
Dylan: We owe $70 trillion. [cross-talking 04:29] a $4 trillion solution, which is basically just a way for the Democrats to avoid dealing with this until 2017. I’m not here to talk about plans to deal with this till 2017. I’m saying we’ve got a real problem, and I’m tired of Republicans and Democrats who either want – Republicans who want to burn the place to the ground and Democrats, with all due respect, who want to offer a plan that gets it through the end of their second term of their presidency, and then screws me and my kids when it’s over! And until we do that, we have to deal with the extraction that is at foot, it is the reason the financial markets are behaving the way they’re behaving, it is a mathematical fact! This is not some opinion; this is a mathematical fact. Tens of trillions of dollars are being extracted from the United States of America. Democrats aren’t doing it, Republicans are not doing it, an entire integrated system, financial system, trading system, taxing system, that was created by both parties over a period of two decades is at work on our entire country right now. And we’re sitting here arguing about whether we should do the $4 trillion plan that kicks the can down the road for the President for 2017, or burn the place to the ground, both of which are reckless, irresponsible, and stupid. And the fact of the matter is until we actually, and I’m sorry to lose my temper, but I tell you what, I’ve been coming on TV for three years doing this, and the fact of the matter is that there’s a refusal on both the Democratic and the Republican side of the aisle to acknowledge the mathematical problem, which is that the United States of America is being extracted. It’s being extracted through banking, it’s being extracted through trade, and it’s being extracted through taxation, and there’s not a single politician that has stepped forward, Susan, to deal with this.
Susan: Yeah, but there’s only one right now, the leader of the free world, whether you like it or not, the President of the United States is arguably one of the most powerful individuals we have out there, and he’s our President.
Karen: But, Susan, what you’re saying is exactly the point that Dylan is making. It’s not about one guy; it’s about all of them.
Susan: No, I actually disagree. I think Dylan – it is about one guy.
Dylan: I agree with her. It is about one guy.
Karen: What would you like him to do? What do you want him to do?
Dylan: I would like him to go to the people of the United States of America and say, “People of the United States of America, your Congress is bought, your Congress is incapable of making legislation on healthcare, banking, trade, or taxes because if they do it, they will lose their political funding and they won’t do it. But I’m the President of the United States, and I won’t have a country that is run by a bought Congress. So I’m not going to work with a bought Congress and try to be Mr. Big Guy, ‘I’m working with a bought Congress’, I’m going to abandon the bought Congress like Teddy Roosevelt did, and I’m going to go to the people of the United States and I’m going to say, ‘You’ve got a bought Congress,” and until we get rid of the bought Congress, which is Jimmy Williams constant point, which is get the money out of politics, and until a President says that’s the problem and says he’s going to fix it, there is no policy that I can possibly see no matter how brilliant your idea may be or your idea or my idea or her idea or your idea at home, is that idea will not happen as long as there’s a capacity to basically fire a politician who disagrees with me by taking funding away from him. Is that a fair assessment?
Jimmy: Money in politics is the root of all political evil. It is corruption at its worst. And until we step up and kick that out of the park, it’s going to be the same system all the way.
Dylan: And only the President can do that.
Jimmy: No, no, no, Congress has to do it, too. Congress has to do it, too.
Dylan: But I’ll tell you what, how bad does it have to get? How much money has to be extracted? How many things have to be heard?
Karen: [cross-talking 07:59] tax. Okay, physically, what do you do?
Dylan: You go and give a speech to…
Karen: Right now.
Dylan: Yeah, right now. You say…
Karen: And then what happens tomorrow?
Dylan: Tomorrow, what happens is you begin the process of actually investing in solving the problems, so I come out and I say, “How?” I create an infrastructure bank with 2% blending immediately. There’s – once I explain to people the problem, once I explain to you that you have cancer, once you understand how screwed up your trade, tax, and banking policies are, believe me, you will have no issue when I incorporate an infrastructure bank that I fund with repatriated offshore money that I bring in and then use to create 2% direct lending to every business in America because when you realize that the banking system is fully corrupt and defrauding us, and I come out and say that, which is what I want my President to do, then at that exact moment I say, “You know what, we’ve got a screwed up situation here, people. You all know it, and now I’m going to admit it.” And as a result, not only have I admitted it, but we’re going to begin the process of solving it like grown ups. They did in World War II, they did it after the Civil War, they did it in Latin America with the Brady Bond; we are not seeing it happen now.
The panel stays a little more emotional than I anticipated getting at work this afternoon, but what am I going to do?
Sep 21, 2011 at 12:37 PM
Reader Comments (17)
The riots in England are blow back ,we watch the elite act in total disregard of any laws and consistently get away with their ill gotten gains .All the while telling us to "tighten our belts" .
http://cryptogon.com/?p=24103
Now here's the deal with the Infrastructure Bank...
Here Comes the Infrastructure Bank and Higher Taxe
shttp://www.economicpolicyjournal.com/2011/08/here-comes-infrastructure-bank-and.html
MUST READ
The Bankster Plan to Hijack the Next Budget Deal
http://www.economicpolicyjournal.com/2011/08/bankster-plan-to-hijack-next-budget.html
more
http://www.nakedcapitalism.com/2011/07/third-way-document-proves-democratic-party-supports-institutionalized-looting-by-banks.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+NakedCapitalism+(naked+capitalism)
Wall Streeters Top Obama Re-Election Supporters
http://www.moneynews.com/StreetTalk/obama-wallstreet-electioncampaign/2011/07/22/id/404563
Respectfully disagree re Ratigan. He pistol-whips the Fed all the time, just not here. He was calling Obama out here, and the panelists shrank in fear. Ratigan passes the litmus test: should Wall Street execs be prosecuted and jailed? His answer is yes. Who else in MSM talks like this?
Sage--
Agreed. The Fed's out of magic tricks and games (lowering rates, jawboning), so is Congress (mark to market already suspended).
Gold knows this. As LeCarre put it through Col. Smithers in Goldfinger: it is the talisman of fear.
Getting old sucks.
"Who else in MSM talks like this?"
Nobody! None of the MSM bobble-heads have the balls to even think like that.
Ratigan however, loves to beat the hell out of Crooked bankers and corrupt politicians with his large titanium balls.
I actually interviewed the guy, who ultimately works for GE, and asked how he avoids the ax what with eruptions like this one. He was genuinely perplexed.
He's a very smart guy, and incredibly intense. He's also a hoss. I'd put him at 6'3" 235 lbs. Maybe that's it.
Dylan Ratigan has shown that he when challenged, as we all get once in a while, stands professional and maintains the ability to get his point across. Or not????!!!???
The President has become his own worst friend if not enemy by not taking a stronger position now than prior to last Aug 2. Thats what I hear out of him as well as the frustration of people bean picking if you will with the thinking that they have the answer. Better yet or proof that his anger is unjustified. R U K I D D I N G ME????? The passion poured out by the many Reporters, Politicians and World Problem Solving Savants with nothing more than an opinion is because we have to cut to the case. Economists are dumfounded and Rain man retired so that said my vote AGAIN goes to Dylan Ratigan for saying exactly what people like myself who have at least admit they have no idea what the hell is going on wants to know?
I think the video is great. All points on the panel were fine though redundant and useless for just that reason. Dylan's point was out frustration because of the lack of response, the need for forward thinking is now since we are in a serious problem far worse since the president took office. Back rooms deals are just one of them. I think that would have been a topic he would have stopped to listen to along with several others that are so obvious now.
We need leadership by our current President while his is still in office don't we? Or should Dylan have another panel that goes over the same ole same ole that has gotten us this far back? Like I said I'm just asking.
Thanks DB I loved the video unfortunately for Dylan he need a better Super Panel.
The difference is that Obama would never even want to make such a speech in the first place.
After some opening remarks, Obama announces that he has instructed Treasury to audit the nations gold and then act as market maker to determine the US$ price required to balance the US Government balance sheet, and thereafter to maintain a FREE MARKET in gold. He goes on to say that all taxes and any remaining restrictions on gold ownership will be removed to ensure the efficiency of this important new balancing mechanism.
Obama explains that through this process, Congress will get a clean balance sheet and the American people will have an independent benchmark on the value of the US dollar every day. In effect, he will have hit the reset button and given the USA a fresh start.
From here he returns to his opening remarks about debit cards versus credit cards. He explains that for the last 40 years America has been maxing out one credit card after another, building the most powerful nation the planet has ever seen… on credit. But now that credit card will have competition from the new US debit card (national gold reserves). We’ll let our debit card compete with our credit card. If the world wants our gold more than our debt, they will pay the price that balances our books.
And as they bid up the price of gold, the balance in our debit account will grow (as with the eurosystem today) rather than shrink, because it is funded with a financial asset (as Ben Bernanke called it), a secondary medium of exchange (as Mises called it) that from here on out will be accounted for in VALUE not VOLUME. We still have more gold than any other single nation in the world, he’ll remind the audience (we hope). And if they want it, they’ll pay the price that balances our trade with the outside world.
At some price the gold will reverse our international trade deficit, and then our debt will become the better bargain. You can forget credit ratings. We’ll have competition between our debt and our equity, our credit card (dollars) and our debit card (gold). Global trade will finally balance in physical goods and services because the price and flow of physical gold will make it so. The simplest answer ever. One for the history books.
And he can either be the author of this plan, or a bystander. Because I assure, THIS IS the plan that Bank for International Settlements is setting up for, more out of necessity than by plan. The central banks are now accumulating gold reserves to prepare for the final debt convertibility that must eventually come, and when total physical supply and market price converge to allow for total global debt convertibility, this is what will happen.
How, Why? Because by that time, the world will be engulfed in such conflict that this settlement will be the only one that can stop world war three. The BIS and the central banking system intend to survive, and that plan is their hedge.
Even if that is not the case, Obama fearless and resolute? More like duck and run at the first opportunity.
Steve Forbes has been saying for a couple of years that he feels the dollar will be re linked to Gold... Interesting hypothesis.
What I DO know is:
"The only ammunition which the producer/saver class has against the Federal Reserve Gatling guns of paper debt, is gold. Remember, the greatest enabler of social injustice in the world is the paper money which politicians poison. Politicians cannot poison gold – this is why they hate it, and manipulate it.
This is why the working class SHOULD LOVE IT. Because when you convert the paper you earn for the hard work you perform into gold, the politicians can no longer poison the product of your labor. And the more paper dollars which you convert into inflation proof GOLD, the more YOU tax the poison paper system, instead of the poison paper system taxing YOU. Simple as that."
http://www.bloomberg.com/news/2011-08-11/a-bank-that-can-get-americans-on-the-road-and-on-the-job-view.html
JFK was assassinated because he was to abolish the FED, he signed the executive order to have money taken out of private hands, aka the Fed, and allow only the govt to be able to print money, next day he was shot... hmm.. truth hurts doesn't it? If you try to go by the constitution on which this country was founded you will not live long.
Simple, the real owners of this country rule us all, they own us, they make the laws and they control all aspect of our lives. The real owners are not our politicians, or even the president, and def it is not us, politicians are put in place to give us an illusion that we have the freedom of choice, guess what, WE DON'T!!!
It's business as usual in the good old United Corporate America... what a great place... soon it will be Earth, Inc. with one currency one form of govt to enslave all...
I heard Mars was nice this time of year, maybe its time to leave this ball of shit and be free of all this corruption, greed, control and just plain stupidity...