Denninger: Uh, The "R" Word Was Just Used
Denninger rolls the above video at the close of this post, discussing this Business Insider article and opening thus:
In a fairly mainstream online publication too.
Speaking of committees and oversight, when Fed Chairman Ben Bernanke testified under oath to Congress in July, he said in no uncertain words, "the Federal Reserve will not monetize the [federal] debt". [1]. Fast forward to the day after mid-term elections, in which the American people clearly voted for LESS spending/printing, and the Fed announces its plan to monetize $900 billion in treasury bonds. [1]. The Chairman has proven his previous testimony before Congress to be a blatant lie, but instead of condemning the Fed's recent actions, the federal government has welcomed it with open arms. That's quite some oversight we have there.
Actually when you commit Perjury before Congress you're supposed to be cited for contempt and jailed.
***The Fed, by it's own admission, is an independent entity within the government "having both public purposes, and private aspects". By "private aspects", they mean the entire operation is wholly-owned by private member banks, who are paid dividends of 6% each year on their stock. Furthermore, the Fed's decisions "do not have to be ratified by the President or anyone else in the executive or legislative branch of government" and the Fed "does not receive funding appropriated by Congress". In 1982, the Ninth Circuit Court of Appeals confirmed this view when it held that "federal reserve banks are not federal instrumentalities... but are independent, privately owned and locally controlled corporations"...
Read it all.
And get ready to rock.
posted by Concerned American | 3:23 AM
9 Comments:
I agree with the author: It's closer to midnight that I once thought.
"the Fed's decisions "do not have to be ratified by the President or anyone else in the executive or legislative branch of government"
Anyone who is just coming to understand this fact is way behind the learning curve. None of the shenanigans of the last decade, let alone a century of deceit could have been possible without the Federal Reserve Banking Cartel.
This pack of crooks holds our money and the U.S. government in a death grip.
...and that bit about lying to congress being grounds for contempt charges, well, that is only for Major League ball players on the topic of steroids. Because we all know that games are more important to the lives of Americans than facts, history, truth or living free.
KPN3%
The video is sobering - or SHOULD be - to any with the sense to contemplate the possible horrors we face.
.69 musket balls produce horrific wounds, but so does a .223. Our enemy won't be nearly so easy to ambush as Ol' Georgie's boys - especially given the nature of his toys - and hiding will be much harder when the enemy UAV spots your body heat from 20,000 feet and guides his missiles within an inch of your final heartbeat.
OTOH, recent adventure abroad proves that a determined, rag-tag bunch of misfits can turn such advantages into a meat-grinder.
Further, though I doubt our potential enemy would be willing to take the propaganda hit involved in using heavy weapons on American citizens and soil, who is willing to be the blood-and-meat-sacrifice to show the sheeple the ruthlessness of our enemy?
Those who have never looked into a man's eyes and tried to calm him as he drowns in his own life's blood - knowing all you can do is stop him from causing himself further pain by his struggles - need to try to imagine it.
Those who have never smelled the unique blend of wet guts and shit, or heard the screams that go with watching a man try to stuff his innards back where they belong need to give it some serious thought.
Those who've never seen a little girl crushed into a bag of jelly, or breathed summertime air ripe with week-old-dead-guy - frankly - need to STFU.
I'll wager that the ones talking the most have never even killed and dressed a chicken - much less lived, seen or smelled any of the horrors I've described. Those who have are probably - like me - unable to get the taste of ancient vomit out of their mouths from just reading this.
Make no mistake: This - writ large and commonplace - is what you're wishing for when you dream of "glorious" revolution.
There's a reason why the cartridge box is the option of last resort - because no decent man wants to see or do what he'll have to if this "war" goes hot.
Just like your basic fist-fight, the guy talking the most smack will be the first to run and hide - or cower and cry - when the swinging starts.
Preserving true Liberty in it's one true home is among the few reasons any sane man would even consider what we may be forced to endure. I've long-ago accepted the fact that my big-mouthed, crippled @$$ would be among the first to die if this sickness ever goes hot, but it's important for all to understand exactly what they're wishing for.
The pain of knowing I clung to cowardice and allowed The Enemy to rob my children of their birthright is perhaps the only force which could make me stand - rather than share a deep hole with another pathetic, quivering coward.
We're a long way from done exhausting our other options. The ballot-box just might have some life in it yet - the soap- and jury-box may still prove to have some utility as well.
(continued below)
(Continued)
...
Until all other options are exhausted, or Leviathan makes his move and thus forces ours, we must not even consider inciting the horrors that must ac company "the R word."
When will it be "time"? Like Larry Flynt - when asked to define "pornography" - “all I can say is ' I'll know it when I see it.' " I believe that's true for a lot of folks.
An economic collapse, followed by some seriously ugly "civil" unrest, seems nigh upon inevitable at this point. Personally, I believe the lessons learned from those horrors could lead us back to Constitutional government without need for any other violence.
Such an event will produce enough blood, guts and death to go around even without inciting open warfare against The King's men.
An open "war" may be inevitable, but I guarantee its horrors will be much easier to bear when one knows that they had no other choice. If we ever reach that point, we'll know it -- until then we must strive to do all within our power to bring about a peaceful restoration of our Republic.
I'll close by reciting my genuine, heartfelt prayer, though written by another:
A Rifleman’s Prayer
Oh Lord, I would live my life in freedom, peace and happiness, enjoying the simple pleasures of hearth and home. I would die an old, old man in my own bed, preferably of sexual overexertion.
But if that is not to be, Lord, if monsters such as this should find their way to my little corner of the world on my watch, then help me to sweep those bastards from the ramparts, because doing that is good, and right, and just.
And if in this I should fall, let me be found atop a pile of brass, behind the wall I made of their corpses.
I love this prayer, because it follows Our Lord's pattern.
Father, if it be thy will, let this cup pass from me - but if I must endure, then please grant my efforts the aid of your Divine Providence.
God help us - and God Save Our Republic!
Get ready to rock?
No, sorry. It will not happen anytime soon. I've been ready for a while now. I watched my fellow Americans re-elect the problem (such as princess Murkowski) based on federal teat money (stolen wages) brought to them and their states. I watched Harry Reid's re-election. Monkeys want handouts, and they vote for it. Monkeys also have no clue about what is going on, and wouldn't care if they did understand. Hell, most Americans probably don't understand what this monetization of debt really means. They don't care. Do you get it? We are a corpulent, lazy, decadent empire that is in the first stages of a slow collapse. And, for our corpulence and decadence, we deserve it, with all the suffering and pain it will bring.
Too few care. Not even 3%. I bet not even 1% really care. As Denninger has (as well as this blog) pointed out, those who care are doing something about it. If you haven't noticed, no one is doing anything. And no, cute little stickers and acts of petty vandalism don't count.
We're screwed. Our founding fathers would be ashamed of our nation and its so called "patriots".
Earlier quote (mine)...
"Our founding fathers would be ashamed of our nation and its so called patriots..."
Myself included.
With ya, Justin.
Just remember -- "get ready to rock" could refer to what happens (and what must be done) as the failure of deterrence becomes more manifest.
In other words, even for the disheartened, action may be forced by events.
"In other words, even for the disheartened, action may be forced by events."
I agree with you, CA. After thinking on this article and line of thought throughout the day, I think this is the most likely outcome.
Sigh.
When this duct-taped and super-glued dam finally fails, there's going to be pure hell and horror to pay.
Justin
The monkeys can't continue when there is no more handout money. When no country or group of financial institutions will buy our debt, then the Leviathan cannot function.
The unwashed mobs of the urban centers will react accordingly. Witness Rodney King and Katrina. This is a good thing because all of King Zero's useful idiots will be very busy keeping the peace in metropolitan America. In the time it takes to bring back our boys and girls from the 130 locations throughout the world to quell the unrest, things will have shaken out.
This may mean that Nuestra Familia now owns the City of Los Angeles, but for those of us in the flyover hinterlands, this will all make for great watching on CNN.
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