iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,420 Blog Posts

Beck on FOMC (Must Watch)

Don’t shoot. I’m just delivering le mail. Beck dives into what we all know here on the internets. But now so does everyone else.

Part 1

[youtube:http://www.youtube.com/watch?v=gk33gnUvCgc&feature=player_embedded 616 500]

Part 2

[youtube:http://www.youtube.com/watch?v=4JJFLx0z7pU 616 500]

Part 3

[youtube:http://www.youtube.com/watch?v=MbMVMYIc6Jk 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

229 comments

  1. YaBollox

    14:59 of Glen Beck? No thanks.

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    • The Fly

      watch it. trust me

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      • YoZone

        Yes. Good stuff.

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        • Jay316

          Watched it today on Fox. I guess he is going to be talking more about it over the next week or so.

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      • Spooky

        Glenn Beck, it seems to me, is the last member of the European avant-garde. He really is a showman, but his aim is to destroy good ole’ “bourgeois society,” as the May 68′ groups used to say. That’s an astonishing irony of history.

        The story that no one is talking about re QE2, is that it has much more to do with the Yuan peg than anything else. Doesn’t anyone remember Timmie talking about “other tools” to get them to revalue?

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  2. joe

    Dow sells off 250 tom.
    Today, the US$ started its journey to .85 by end of Jan ’11

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    • The_Last_Puma_Punkanite
      The_Last_Puma_Punkanite

      thats sort of a mixed bag…
      Or is it one after the other?

      Dollar peaks at…1.0340?…before a spriralling death roll…

      who knows…

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  3. chancethepug

    Glen Beck = human hemorrhoid

    blah blah fucking blah

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    • The Fly

      he did well here. watch it.

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      • YaBollox

        I probably agree with him on a lot of shit, but can’t stand to watch him.

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    • MarkM

      Glenn Beck is the embodiment of douche – his bogosity factor is off the charts. In fact, he radiates enough heavy bogon particles to penetrate a class 9 containment field. Please! Annoyance factor 10, Asshole factor 10, Dork factor 10, Prick factor 10, etc. If you’re enamored by this douche you deserve to spend life in hell listening to Sarah and Todd Palin wax wistfully about the good life in Wasilla Alaska. Give me a break – to quote Willie from the Simpsons, this guy is a blouse wearing, poodle walking pansy.

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  4. flyaway18

    I liked that video,
    thanks for posting it.

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  5. Glenn Beck is an idiot
    Glenn Beck is an idiot

    TEABAGGERS: “Someone who rests their testicles on another person face, while they are asleep/passed out.”

    Apropos, no?

    [email protected] and its supposed “newscasters”

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    • YaBollox

      That’s why libs think it’s so funny to call tea party people teabaggers. It’s a clever insult from to their way of thinking.

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      • flyaway18

        Nah, it’s just a male’s own fascination and narcissim with his balls.

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    • hammer

      I suppose you like to be awake while someone rests their testicles on your face?

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  6. Atlas Vicious

    Glenn Beck haters never have an actual point. Very Liberalish, I conclude.

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  7. Sam

    Nope. I’ll pass on this, senor.

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  8. TraderCaddy

    I’m in but it will have to be sandwiched in between Seinfeld reruns and Bobby Flay’s Throwdowns.

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  9. scott

    I haven’t watched these clips but let me put in my .02 on Beck…

    He is a passionate informer of his theories and POV. He is entertaining and engaging.

    He does interesting research but many times his conclusions are terribly flawed. But again, he is fascinating to watch when he gets on a topic…

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    • MX2101

      And since Beck is an entertainer in search of an audience, that is 80 percent of it.

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  10. Dr Fly

    You will all shut up and watch it.

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  11. HuggieBear

    currently holding my nose and watching…

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    • HuggieBear

      Ok i made it halfway through the second video, which means i lost about 20 minutes of my life. This is crackpot shit dude. No one is trying to destroy the dollar to bring the rest of the world out of poverty…and george soros is not the puppet master.

      unfortunately its all much simpler than that…bottom line is without a cheaper currency, we can’t make and sell shit, and hence we will have ridiculous unemployment. this is all basically to compete with china….

      can’t believe i watched that dumbass…

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      • Dave

        Simple solution to compete with China without devaluing the dollar: tariffs on Chinese goods. Problem solved.

        What could the Chinese do about that? They could retaliate with tariffs of their own, but big deal, we buy way more shit from them than they buy from us. Or they could dump our Treasury bonds, but that would just be shooting themselves in the foot: they’d loose a ton of money on their Treasury positions by moving the market against themselves, and they’d drive up our interest rates, which, in turn would strengthen the dollar, making their exports even less competitive.

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  12. hammer

    I’m getting numb to the end of the world talk but for the life of me I can’t see how it turns out any other way. Sure would be interesting to hear a thoughtful and educated counter to Beck and so many others are saying.

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    • YoZone

      I’ve been numb for a while. But I’m also numb to the market relentlessly going up on nothing but Fed liquidity injections. I’m like you ….. I just don’t see a good ending to this whole mess.

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  13. panamaorange

    http://www.benzinga.com/10/11/570969/asset-inflationdeflation-the-feds-qe2-vs-15-trillion-in-losses

    There is at least 6 trillion in commercial real estate sitting out there. The commercial real estate industry will never bounce back. The business model of malls, mini malls, offices is dead. It was killed by superstores like WMT and COST, as well as AMZN home delivery. And Office buildings are an antiquated system being made obsolete by remote broadband.

    Either Ben gets 6 trillion flowing, quickly, or you will see severe deflation soon.

    Bernanke shot his last bullet today.
    http://www.youtube.com/watch?v=Ir8Y4iFrWk8#t=0m35s

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    • robert(rob_pvb)

      it was not called ‘inflation’ when real estate prices went up (not part of inflation statistics). so it cannot be called ‘deflation’ when real estate prices go down. but the cabal is using the ‘d’ word because it will get smashed again if ben does not protect them.

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  14. rookie

    one last thing – Glenn Beck raped and murdered a young girl in 1990.

    if you don’t believe me do a google search. the dirty pig.

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  15. EasyMoney

    Just wanted to give a big shout out to Bubble Benny………….Thanks a lot you mother (*&(*&(*& piece of )(*&)(*& garbage. I appreciate so much that I’ve worked my )*(&)(* ass off my entire life to have my retirement savings (of course earned in dollars) fade away into oblivion. The Auzzie dollar (thanks to you Bubble B) has now passed up U.S. currency. It is now trading OVER PARITY! The U.S. dolllar is on the fastrack to the Mexican Peso! Muchas Gracias! I have recently converted all my assets and my citizenship to NZ and thanks to a country that actually gives 2 shits about its citizens and even pays over 6% just to have your hard earned money sitting in their bank. I used to say God Bless America, but now I say God Bless NZ! I could have saved over a half mil if only I would’ve have acted on my gut instinct 6 months ago……..but I really was in denial that the FED would actually fucking do this! Unbelievable! I’ll see you in hell Benny!

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  16. Dr Fly

    Wtf!? Raped and murdered? Excuse me?

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  17. Dr Fly

    Huggie

    Keep an open mind. Just because you think something doesn’t make it true.

    Forget the Soros thing and appreciate the message, which is 100% correct.

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    • HuggieBear

      I just don’t buy that its all a conspiracy to move to a single currency in an effort to satisfy a progressive desire to lift the rest of the world out of poverty.

      I did appreciate most of it up to that point, however.

      One thing he stated that i found shocking and a little hard to believe was that there was only 800 billion in total currency (dollars) in existence before they began printing, adding now 1.7 trillion through easing…that can’t be right, no?

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  18. Dr Fly

    Thanks yozone

    You clowns are real, real dumb.

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  19. Taco

    Beck talking about international central bankers when these same bankers collude with the same Fox network that Beck appears on?

    Sure, his words are objective and without a hidden agenda…

    In 2008, Beck was Ron Paul’s harshest critic. Hmmmmm……

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  20. Dr Fly

    Easy money

    While in NZ, if you ever run into a man named Ducati, kick him in the nuts for me.

    Thanks

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  21. Dr Fly

    A lot of Beck haters here? Why? I never watch the guy, but can easily think of worse people out there to spit on.

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  22. Dr Fly

    Huggie

    The feds balance sheet was 800 bill before the crisis. Perhaps that’s what he meant.

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    • HuggieBear

      that explains it…i misunderstood him. i need to spend a weekend studying the federal reserve wikipedia page.

      the fed balance sheet equates to physical dollars in circulation, but not to the total monetary base…

      when you compare the easing totals to the outstanding monetary base, it doesn’t sound quite so bad as it does the way he explained it. if you are ignorant on the matter, like i mostly am and almost assuredly his listeners are, he seemed to be saying they tripled the money supply.

      thanks

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  23. Steve Place

    Overall videos were good and points were sound. Some notes from the Video (I think he’s a douche, but this is actually enjoyable):

    If you have 7 MM viewers vs. 2MM, exactly who is the establishment? Fox News needs to stop playing the underdog and admit that they are very, very good at what you do.

    I think he has a terrible memory about who managed our financial affairs before this previous administration.

    He also says Unions are the first mover when it comes to this cycle, bad logic.

    His 20% dollar depreciation math was a little off, you don’t end up going from 10k to 8k; your purchasing power changes. Also, makes sense to have other assets, right?

    He actually agrees with Alan Grayson about looking at the Fed books, wonder if he realizes that.

    He makes a great point about how the elections mean dick relative to the Fed moves.

    Great Soros impression… but does he really call for a one-world currency? Wait. Soros is the puppet master? wtf.

    More ratings circlejerking, not relevant.

    Bad chart of commodities vs, groceries. Only included 2009-2010, not the inflationary period of 2007.

    Republican vote was David v. Goliath, against the special interests…let’s not be naive.

    $200M campaign contributions in unions? Relative to what? Total cycle costs was $4B, so 5%? Bad math.

    What is the debt limit relative to GDP? More bad stats.

    So he wants to keep the debt ceiling constant? Good luck keeping 2 wars and entitlement programs under that bar.

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    • Indie

      the viewers don’t care about the excruciating bad maths. unbelievable. why should we lower our standard to this to bring a point across? is the population that stupid?

      prays the lord!!

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    • JakeGint

      So Grayson is right about looking at the Fed books, does that mean you are a supporter of his saying the Reps want to see people die?

      And you call Beck a douche when this guy is an elected* member of your party?

      ____________

      *(no longer, praise Allah)

      __

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      • Steve Place

        Stop being an asshat, Jake. You’re taking one comment of about 20 and getting your panties in a wad.

        You’re claim is a screaming example of the “fallacy of composition.”

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        • Jakegint

          I didn’t have the time to address every single one, and some of them were so minor they were of no consequence — more quibbles to obfuscate than anything else.

          But the Grayson analogy was the most egregious. Mein gott, what is the logical fallacy where you associate one commonality between two disparate sources in order to discredit the source you disagree with? I know it’s not the straw man, but it’s somewhat related.

          Like — Did you know Glenn Beck and Hitler were both white men of Germano-Austrian ancestry????

          DID YOOOOOO????

          A HAAA!! Say… .NO…. MOAH!!

          _______

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  24. HawaiiFive0

    Fly,

    Very good! I have to force myself to watch Beck, but I thought he outlined the situation very well.

    Thanks for the recommendation!

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  25. Frog

    Beck is real real irritating to watch. Glad you have the tolerance for that kind of irritation, Fly, but most of us do not. Maybe a few of us could each watch 1/2 of one of the 3 videos and then summarize that part for the rest of us? I did try watching the first one but he lost me where he was bragging about Fox heavily heavily dominating the viewer ratings and then referrring to someone else as being “the establishment.”

    Fox IS the establishement, and their ratings prove it. They control the population. They are a corporate Special Interest Group mouthpiece and advertiser. And Fox makes it possible for the big banks, the Fed, and other Special Interest Groups to get everything they want, (while taxpayers, consumers, and citizens in general get screwed) regardless of which party is in power. And Glenn Beck assists them in that goal, unintentionally perhaps, but he would not be there if he wasn’t helping Fox to do that. All we get from Beck are more LIbertarians ideals from people who mistakenly think that the Republican Party and the Grand Ole Tea Party are really libertarians. They are not, as you will all soon find out.

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    • JakeGint

      Steven and Frog, Clue in soon w. regard to ratings and “the Establishment”

      Here’s a lodestone. The weakest most paltry, weazing of the established broadcast networks, Katie Couric’s crappy commie CBS Snooze, gets 10 million viewers a night.

      That’s not taking into account the much larger audiences at NBC (parent of MSNBC) and ABC News (where George Stephanopolous calls the shots).

      Or the New York Times

      Or the Lost Angles Times/Boston Globe/Chicago Tribune/Minneapolis Star/Atlanta Constitution/Time/Newsweek/People/Us/Business Weak/ etc, etc, etc,

      Yeah, Fox is actually pushing some of the conservative side. But the Establishment? Lol.

      How much did GE get in the Stimulus Plan?

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  26. Dr Fly

    I agree with all of steven p’s points.

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    • JakeGint

      Most are as weak as he claims Beck’s are. Does he really believe the unions are not an outsize political influence in the elections?

      We sold a company last year that showed us some stats on astroturfing as the newest, most red hot segment of Public Relations… In the 2008 cycle, one union, which shall remain nameless, spent $81 million on that aspect alone. Not including regular advertising or get out the vote efforts.

      Gentlemen, big government — no matter the historcial context– is corruption. Do you expect that the United States is immune to human nature? Therefore, the only way to stem the corruption is to make the government’s influence less.

      Their literally is no other way.

      _____________

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      • Steve Place

        “Does he really believe the unions are not an outsize political influence in the elections?”

        Relative to what? I’m not trying to lead to any political conclusion, I’m just saying his math was off. He claims that 200MM was spent during this election season by the Unions. That was 5% of the overall money thrown around this year.

        I think most unions suck, and I hate the local teacher’s union as they essentially rigged the primary Republican election. I’ve seen how their money has an outsized political influence.

        The worst conclusion he draws is that the untions and their demand for pensions are the first cause of the Fed doing QE2. There’s no evidence to support that claim.

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        • Jakegint

          Actually, he said the figure is reported to be between $200 mm and $1 billion. And remember, there is much “volunteer” work that is not recorded in that cash number. How much of the astro-turfing counter-demonstrations against the Tea Party this season were staffed by union “volunteers?”

          Money is one thing, boots on the ground is another, and arguably, the latter is more effective from a PR standpoint.

          Pension reform is a bigger issue right now — immediacy wise — than social security or Medicare reform. Almost every state (save, ironically, my own New York, thanks to its 1970’s implosion) is upside down in their pension obligations.

          The Unions want the Feds to bail out that obligation. There is no possible way to do that outside of devaluation. Beck is stretching, but he’s not far off.
          ___________

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  27. Frog

    Steve Place, thanks very much for the summary! I was posting at the same time you were.

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  28. Dr Fly

    Get over the Fox news is the devil jargon. Be your own man.

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  29. Indie

    okay, watched enough of this zealot.

    what’s the punch line? what in his message do you deem it necessary for us to suffer through all this crap?

    how long will it takes before we find out he’s doing coke line off prostitutes crack in some cheap texas motel? or off some rent boy? not that there’s anything wrong with that. His Mr. reverend preachy preachy ways rub me the wrong way. i mean… he works for master of the universe murdoch for chriss sake… anyway… what’s the punch line? why i have to suffer through his illiterate drivel.

    for someone who talks like he’s gonna school those phD from northeast i would be surprise to know what’s his sources of knowledge in this scientific area. the Good book?

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  30. Dr Genius

    The devaluation of the dollar is just plan A. Plan B is to screw all the middle class who works at factories. Even with a devalued dollar, fat fucks in America still can’t compete with the Chinese, Indian, and soon Africans. Men with a legit trade or skill will fare quitely well in the new economy, as they learn to save and accumulate net value to enjoy the next wave of a stronger dollar — whether that is 10, 20, or 30 years from now.

    I feel sorry for the dumb clowns in America, although they deserve every ounce of it.

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    • JakeGint

      For a genius, you sure have a pretty poor grasp of the concept of competitive advantage and balance of trade.

      Not surprisingly, I might add.

      ___________

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  31. panamaorange

    There’s a perfectly good reason to dislike the guy. He helped push impure BS “Rooster” gold coins, at an absurd markup, to his followers.At around a 42% markup. That is some serious BS.

    http://www.ritholtz.com/blog/2010/07/glenn-beck-goldline/

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  32. Frog

    Bill Maher made a good point about the Tea Party the other night. He said something like this: U people are so easily manipulated. Don’t U ever wonder why, when the Tea Party candidates are all over the map in other ways, why is it that the they all hold the exact same political beliefs as billionaire Steve Forbes? How could that possibly be in the best interests of large numbers of middle class Americans to do so?

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    • JakeGint

      Right, Bill Maher, the genius is pushing class warfare as the obvious answer to political problems.

      There can be no way that a middle class man could share the same values as a billionaire businessman, after all. Gosh knows, there has never been an example of someone rising from the middle class to the ranks of the wealthy.

      Rather, it’s the dilettante smart ass comedians and college professors– who couldn’t tell a balance sheet from a balance beam and who have for sure never signed the front side of a paycheck–to whom we should attend for polticial direction.

      Thank you for your input, Monsieur Frogge.

      ________

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  33. MOOBER

    That’s the most Glenn Beck I’ve ever watched. I have to say I was impressed with his presentation.

    I can’t believe I’m typing this. I agree with him and think he did the unwashed a service.

    Jake – watch it. He’s preaching your sermon.

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    • MOOBER

      He goes one or two steps too far with the conspiracy stuff. I chalk that up to “good ratings sexy.”

      He could have stopped at – we are monetizing debt, devaluing dollar, in an attempt to shore up the system and fight deflation, but it won’t work. Rather, we are inflating and gambling. It is dangerous and unprecedented. Instead, we should bite the bullet, get ready for turbulence of a different variety.

      I guess that is not good TV.

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      • JakeGint

        I agree. I don’t think we need the puppet master Soros shit. He’s a bad dude, a one-time Nazi collaborator and limousine liberal with a very hard left agenda, but I don’t think he’s vying for world domination, a la Dr. Evil.

        That argument actually takes away from the fact that it’s well intentioned morons who are consigning our dollar and our kids to penury.

        What, in the end, is more frightening than the guy at the door who says he’s from the federal gov’t and he’s here to help?

        ____________

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        • Dave

          Not a Soros fan at all, but “one-time Nazi collaborator” is a pretty big stretch. From the link (despite the headline), he was a 14 year old who pretended to be a Christian so he wouldn’t get sent to a death camp while his fake adoptive godfather/protector trafficked in property confiscated from the Jews.

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          • Jakegint

            He herded other Jews to the ghettos which led to their eventual deaths. It is also said that he informed for “cover” and monetary gain.

            I don’t know what I would have done, myself, but I’d like to think I wouldn’t have actively sacrificed others to save my own skin. He’s no saint, let’s leave it at that.

            _______

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  34. Frog

    Fox News is not the devil. Just look at the facts though. Do you have any reason whatsoever to believe that they are NOT the mouthpiece for corporate Special Interests including the TBTF banks and the Fed? Seems like they support those interests in every way I can imagine and in some ways I could not have imagined before they did it. Amazing how wikipedia says Murdoch became a U.S. citizen only because non-citizens are not allowed to own TV stations here. He was born outside the U.S. but controls public opinion almost totally within the U.S. No one asks to see his birth certificate. Of course, I would not expect that, since propaganda is based primarily on repetition, not on logic. Say any illogical untrue thing millions of times to millions of people, on the network they have gotten comfortable with and trust because it gives them entertainment they like– and they will start believing it.

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    • Po Pimp

      Say any illogical untrue thing millions of times to millions of people, on the network they have gotten comfortable with and trust because it gives them entertainment they like– and they will start believing it.

      Kind of like how Sadaam Hussein was going to nuke Europe within a few days if we didn’t stop him? Dude couldn’t deliver a pizza across town without us knowing about it much less deliver a nuke half way across the globe.

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      • Jakegint

        IIRC, Hussein’s major threat was to his neighbors in the ME. Of course, there’s plenty of historical evidence of that as well.

        ___________

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  35. Frog

    No, he’s not preaching Jake’s sermon. Jake is preaching his.

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    • JakeGint

      Your bloviate nonsense does your agenda no service, here, Le Frogge. Learn to write in paragraphs.

      ____________

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  36. TraderCaddy

    I believe the last time I read so much negativity about one individual (no fair counting Obama) was several years ago when Devil Dog went off about parasitic wall streeters and something about S&P 150.

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  37. Dr Fly

    Guys

    If a new currency is not the end game, theb what is? Worthless dollars??

    Think long term.

    Personally, i never watch fox because i agree with a lot of their talking points. I rather watch the opposing viewpoint in order to see if i am wrong or not.

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    • MOOBER

      Wow. Surprised you would say that. I’m listening, so please continue.

      My view has been we are at the trough of a particularly vicious dollar cycle and that we will come back to equilibrium. Mid term rates will rise again, dollar will strengthen, eventually finding equilibrium.

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      • JakeGint

        I think the end game for the dollar is the same as the end game was for the pound at the turn of the 20th century.

        Loss of global reserve status. And that’s been the lit fuse since Nixon took us off the gold standard for good in ’71.

        There, moron libs, I said a bad thing about a dimwit Republican President. Where’s my knucke-bumps??

        ____________

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        • Frog

          OK, Jake. Good for you! At last you have recognized that Republicans are not the same as Libertarians. I knew you would figure that out one of these days.

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        • Just the facts

          This is the end game — green-agenda.com

          Only a fragile ego will ignore so much hard documented evidence, direct from the UN.

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        • go2mars

          If most of the world does the same things with their currencies, then doesn’t it all more or less equal out?

          The US has been particularly bad at wasting money that they don’t have lately, but still…
          Global asset appreciation for some reason?

          Just another yet bigger crunch in the cycle? ala GATTA?

          Carbon credit as global currency?

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  38. Dr Fly

    Indie

    If you read my post, i said it is stuff we already know. Quit acting like your time is valuable, as you drone through the internets.

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    • Indie

      it’s 3 x 15 mins!!

      I was hoping if i whine enough someone would post a summary. Steve saved the day.

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      • JakeGint

        LOL. Yes, Steve, or Rachel Maddow. Whatever, right?

        As long as you don’t have to engage that skull muscle… it’s allll goood.

        ___________

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  39. Maximus

    what a coincidence, the gop takes the house and the McRib is back. QE5

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  40. Frog

    Fly, do you watch Rachel Maddow, Bill Maher, Jon Stewart, or Steven Colbert?

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  41. Dr Fly

    Frog

    I watch nothing but House religiously. However, i have seen those shows and they do not offend me. Nothing offends me, if it comes in the form of opinion.

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    • YoZone

      I watch Stewart & Colbert. I also watch O’Reilly & Beck. I catch those in between House episodes.

      Unlike several here, some of us can handle differing opinions without getting our panties in a wad.

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      • JakeGint

        I literally cannot stand O’Blowhard (too much like your drunk uncle at Thanksgiving) and Beck is very hard to watch. Stewart is the easiest of all of those, but Colbert is probaly the most irritating of them all. That schtick is soooo old. Who can watch the same SNL skit hundreds of times?

        Maher is just a smarmy asshole. By far, the dumbest of the grouping.

        You may think this is nuts, but I would rather Rachel Maddow over the entire set. She’s wrong, but not in an irritating way. Maybe it’s the alto?

        ___________

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    • HawaiiFive0

      Fly,

      Your internet persona has reminded me of House for sometime now.

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  42. Dr Fly

    I think maher is hysterical.

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  43. EasyMoney

    OMFG! The comments here post the true reality. Almost all of you have no money or real assets. Because if you did, you would realize the enormity of this current situation. You would be screaming at the top of your lungs that you worked your asses off in this country and now you are only getting Fu)(*&ed in the ASS for it! But since most of you have nothing, you think GB is a moron and what he is saying is all just balderdash! None of you realize what the hell is going on right in front of your fuU*&ng face, do you? Unbelievable? Apparently most of you have mommy and daddy’s $$$ and haven’t had to work your heiny off for what you have, because if you did you would be OUTRAGED! I can’t believe FOX let GB post that on air! That was brilliant!

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  44. Dr Fly

    Moob

    But you are assuming the fed will take their stupid foot off the pedal. Lets not forget all that state and CRE debt that needs to be rolled over. How about social security?

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  45. Frog

    Whatever the end game is, our ONE real political party– the campaign donor Special Interests– is ensuring that BOTH fake political parties (Repub & Dem) are going to totally go along with them toward their desired end game. It is naive to think that a change in this will come out of LIbertarians, running as Republican Tea Bag folks, and supported by the same campaign donor Special Interests as Dems and other Repubs are.

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  46. Dr Fly

    Easy money

    Most of the people here are either too young, broke or shallow to think it matters.

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  47. Dr Fly

    Frog

    Agreed. The parties are a joke.

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  48. Dr Fly

    Indie

    Do you condone the fed’s actions?

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    • Indie

      I don’t. i think it is foolish. cause it’s a leaky boat and money is like water. but in my mind they don’t have much a choice… do they?

      anyway, who talks about QE being about jobs? does the bearded clam really say that? that he hopes to create jobs? maybe i should read the press release.

      we can talk about austerity measures and how government should get out of the way of business creating jobs… but the fact is.. a government that does NOTHING in the face of what happened and is still happening is doomed even more. politically, but if it gets worst socially. in a not too far distant past, let’s remember that it was fire and brimstones coming up next. it’s a game theory conundrum they cannot escape with a win. only a lose less.

      globalization of markets have changed the game where keynesian solutions are mitigated at best. they buy time. hopefully, we come out the other end with our shirts still on our backs. if not… fire and brimmstone..

      wait.. thinking about game theory some more. . what if the best solution is to actually do NOTHING? government to stay out of the way yet look like it’s doing something… the best solution would be to be put in a situation where you WANT to do something but CANT do anything. a gridlock congress might be where you want it to be. maybe.. maybe this was all planed and it played out exactly like it should be.

      so, no i don’t condone the fed’s action. but who am i? what do i know? they are emitting debt with negative yield and people are still BUYING the shit. people complain about high taxes yet they turn around and buy the treasury shit rate below inflation in fact GIVING AWAY money to governments; in fact just another form of taxation.

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      • Cuervos Laugh

        Actually his final concluding comments seems to indicate that he’s suggesting that the U.S. default.
        Which would put the US in good historical commonality with countries like… Argentina…

        One small caveat – commodities are not bought and sold in Argentinean currency…

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  49. Frog

    Perhaps Beck is sincere. But in the end he is helping the Fed and TBTF banks and other similar entities to rob everyone else. That’s what I feel outrage about. Every force of good for the citizen gets coopted by the corporate forces extremely quickly. But I guess those forces can afford the most expensive propaganda campaigns known to mankind, so why should that surprise anyone?

    http://vodpod.com/watch/4727799-tea-party-founder-tea-party-is-a-joke

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    • JakeGint

      How is he “helping the Fed rob everyone else” if he’s pointing out that they are robbing everyone in the first place? Your arguments make so little sense.

      _________

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      • Frog

        Because Tea Party Palin supported the bailouts. Because the Repubs he supports supported the bailouts. He can point out anything he wants. IF he supports politicians who support the Fed with their policies, he helps the Fed.

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        • Jakegint

          Don’t know very much about Beck, but I’m pretty sure he was anti-Bailout, like most of the conservative media hosts.

          _______

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  50. Frog

    co-opted I meant. Typing fast.

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  51. Frog

    The best thing that could happen with the Tea Party is that some members of it who got elected refuse to be co-opted by the big banks and end up starting a real political party. Now that would be something!

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    • JakeGint

      For the Dems, it sure would. Permanent majority.

      Been down that road once before, got us the Big He.

      _________

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      • Frog

        Not necessarily. There are quite a lot of people who are not happy with what Bush/ Repub Congress did or what Obama/Dem Congress has done. If those people all got together, we might be able to form a party that is bigger than what would remain of the Dems or the Repubs. A party that refuses to be controlled by the Special Interests that control the Dems and Repubs now. I can’t understand why any people are happy with either one of these nearly identical parties. If people would only think, it seems they would not be.

        http://www.abovetopsecret.com/forum/thread525810/pg1

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    • go2mars

      My guess, that would mean assassination.

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  52. Dr Fly

    Yozone

    People who cannot listen to someone they disagree with are insecure with their own belief systems.

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    • Cuervos Laugh

      True enough. That’s why I generally end up reading Jake’s blog posts.
      I usually don’t agree but, at least it proves for some interesting cogitating.

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      • JakeGint

        It took me six years to turn my wife from a serious liberal (though always, always a highly moral one) into a conservative.

        Today she’s more rock-ribbed than me.

        ________

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  53. MX2101

    Average 3+ Billion of dollars injected into the market every trading day for the next six months. This gives me a sinking feeling, like there is no point in trading.

    To me the big scam is that higher stock and asset prices do not mean more wealth if the dollar is worth less. It is a cruel illusion and somewhat depressing to think about.

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  54. Dr Fly

    Market is not up after dollar depreciation.

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  55. Dr Fly

    66? Wtf!?

    Don’t you know there is an age limit of 47.5 here?

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    • YoZone

      But 66 is the new 47.5 !!!!!!!!!!!!!

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      • william wallace

        Fly,

        Does the age limit get raised with time passing? It was 47.5 three years ago, shouldn’t it be 50.5 now?

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  56. Treepart

    LOL, George Soros is the puppetmaster at the end of Obama’s blackberry. Just when Beck starts to make sense he just can’t stay focused and in the end it’s always Acorn, Andy Stern, Union Bosses, George Soros, Nancy Pelosi, and Harry Reid, CNN, etc being the boogeyman under the bed. A shame really.

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    • Frog

      Yeah. One of our 2 almost identical political parties is always the enemy. Right. OK, so Dems also have unions– in addition to mega-corporations– for their campaign donors. And that is supposed to be some big difference between them and Repubs? Now, if one of the parties did NOT have TBTF banks as donors, THAT would make a significant difference between them.

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  57. Shredder

    Fly, I always pictured you were a metro sexual democrat

    good job this week

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  58. Pedro

    Arguably some of the most annoying broadcasting mannerisms I’ve subjected myself, right up there with Keith Olbermann’s.

    The one time I’ve watched GB was earlier this year when he sounded like a spokesman for GLD. Guy always knows what conspiracy is under way, has been touting gold to the high heavens since the crisis began. Reminds me a lot of Denninger, who I used to read a lot of. Problem with their solutions are–that they aren’t solutions. They want a “hard reset” of the system, one in which all debt is purged/defaulted upon and neither the Government nor the Fed spends a dime. THIS IS NOT A SOLUTION. The end of the world scenario they’re predicting would have happened already had we not seen this epic expansion of the Fed balance sheet.

    His seminal moment in these videos is when he flashes that dollar as the only thing America has that other people want. His argument is that we are destroying our only valuable export. Yeah, I feel you Beck. If countries aren’t going to want dollars, what is that they’ll exactly want? Euros? Yen? Pesos? Gold? They’re all comparably worthless and all in the process of being devalued. This is where Gold Bug’s see their opportunity. Problem is that we don’t live in the stone age any more–you can’t do shit with gold.

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    • Frog

      Pedro, I agree with you, REAL SOLUTIONS that could really work– that is what I want to hear from broadcasters.

      Bill Maher is funny at least, as Dr. Fly admits freely above. On HBO Friday evenings. If you don’t have any big solutions, the least you can do for people is be funny.

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      • Pedro

        Frog, there really is no panacea for this mess. We created it and now we have to live with it one way or anther. What always astounds me about the Becks and Denningers is that they sit on their soapbox and act like they’d do NOTHING if they sat in the Bearded Clams seat.

        GB cites that there is a select 1% who will benefit from the Feds moves. Really? When you just got done telling me how a 25% tax has been levied on my money?

        The funny thing is, GB can kick and scream and use his pointer stick all he wants, we’re still on our way to SEVERE deflation. Kind of scary to think where we’d be with the Glenn Beck master plan of zero expansion, zero spending.

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        • Pedro

          GB cites that there is a select 1% who will benefit from the Feds moves. Really? When you just got done telling me how a 25% tax has been levied on my money?

          <<<Sorry, meant to say that the 1% who actually have money are the ones who are getting shafted, not plebs like me who don't have two cents in my bank account.

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        • Po Pimp

          We created it and now we have to live with it one way or anther.

          Speak for yourself. I’ve been debt-free for a longtime now. I didn’t create shit.

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          • JakeGint

            You must’ve missed the Dem talking point that if you are born and live in the U.S., you owe “debt dues” because you’ve benefitted tangentially from all the free gummint cheeze.

            Or something to that effect.

            __________

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    • Indie

      thinking that the rest of the world only wants the money is selling america cheap.

      but i think they are sort of right. at the moment the rest of the world wants USA’s money. their lifestyle. the knowledge.its universities. it’s designers. and its money money money. those dolla bills.

      and ben is giving them. cheap.

      don’t you think they are being screwed over more then you do?

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      • Frog

        The entire world is being screwed over by the huge mega-banks. We need solutions that help ordinary people and ignore the desires of the mega-banks who are not needed by the rest of us, despite their having forced themselves as “vampire squids” into our lives. That’s what Matt Taibbi calls Golden Sacks. Taibbi is brilliant. Has a new book out called Griftopia.

        http://www.rollingstone.com/politics/matt-taibbi/

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        • Pedro

          And another thing that baffles me about Gold Bugs–it’s an end of days trade. For Gold to go where people like Glenn Beck say it’s going, the collapse of governments/economies would have to happen. But by the end, guns and ammo will be a hell of a lot more valuable than bars of gold in that post-collapse world.

          Gold Bugs are a lot like the Peak Oil fanatics who are shouting from the rooftops warning of $500/barrel oil. It doesn’t make sense on any level, namely because the global economy cannot function with oil above a certain price point. That is, if oil reaches $200/ barrel, you’ll see everyone that uses oil going out of business. 2008 proved this. Gold going to the moon the way GB advertises is no different. The more I think about it, the more he sounds like one of those scummy Vegas handicappers who touts his Game of the Millennium winner.

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          • Frog

            Very astute observations, Pedro.

            I tend to think that a lot of government and economics should be localized. We humans have our ancestral history of living within a small territory in small tribes. Our brains and nervous systems have developed to get us used to the following what works, which we learn by familiarity and repitition. E.g. when something is a good hunting ground every day, we keep going back there. We can see with our own eyes what a good hunting or fishing ground is, and follow the lead of folks who keep leading us there to the good place, who teach us how to make tools that prove themselves useful etc. Simple observable problems and solutions existed within a small easily observable territory.

            But when society and government are huge and complex as they are today, we can’t tell whether Glenn Beck’s philosophy, the Democrat philosophy, or the Republican or Te Bag philosophy, would lead us over a cliff if we followed it. No one ever follows Beck’s philosophy, so there is no chance to observe the results with our own eyes. So we end up following familiarity and repetition, as usual. But words being repeated does not make them so. It only makes them seem so. The actions proposed by the words may remain untested. And yet we may believe that these would be great solutions just because we have been lulled into believing in them through the repetition.

            Traders tend to love and believe Von Mises economic philosophy, and repeat it often to each other as Gospel, and it is similar to Glenn Beck’s philosophy. So I can see why it appeals to people. Where is it ever tested out, is the question.

            In addition, in politics there is the obvious problem of people spouting whatever philosphy their market research says will get them elected, regardless of what they will actually do when elected.

            When situations are more simple, local, observable, and understandable,, the less of these problems we get.

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          • Just the facts

            Jesus Pedro. Just do a little research on other countries that have collapsed due to World Bank and IMF shenanigans. This isn’t WW3 we are talking about here, just a currency collapse. NOTHING NEW actually. Just that it would happen on our soil.

            And fuck yes gold and silver would be very good to own, as they would have been in any of the countries that have collapsed due to World Bank/IMF bullshit.

            Think outside the box and fucking just take a moment to look up what actually happens when a currency collapses.

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          • wilmer

            When was the last time the global reserve currency of the world collapsed?

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          • Just the facts

            BRIC countries have been treating the USD as anything but a “global reserve currency” for a few years now. Ever hear of the Iraq oil bourse that was not traded in USD? How about Russia’s? Or Iran’s oil bourse?

            Not exactly mainstream news. But there’s a reason for that.

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          • Jakegint

            Soros broke the pound in the early seventies, I believe, after it was de-linked from the commodity anchor.

            It’s very difficult to break a global reserve currency that is commodity backed, and ours is the first fiat global reserve in the modern era.

            It’s all about supply, however — even the gold Spanish doubloon cratered in the 17th century due to the influx of gold and silver from the new world.

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          • TraderCaddy

            Soros broke it in the early 90’s.
            See Fly.
            I found another error (you just can’t find them with stock market picks).

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  59. Goldie

    May I suggest a little $TMV here?

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  60. Maximus

    Fly,

    You must use this video in a forthcoming post. http://www.youtube.com/watch?v=qv9VDSIm_Oo&feature=player_embedded#!

    seriously.

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  61. riggedgame

    The Bernanke comment “We will not monetized the debt” at 13:10 of the first video
    is SELECTIVELY EDITED TO REMOVE CONTEXT, Check it out.

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  62. The_Real_Hmmm

    I watched the clips and my mind was racing throughout mostly the first two parts. Beck is wrong on many of his points concerning the Fed because he speaks in a sensationalist tone on a day-to-day timeline. I choose not to clarify every point he makes, but I can say for certain he is over-generalizing monetary policy despite having some of the effects semi-true.

    Where were all of these people between 2002 and 2007? http://futures.tradingcharts.com/chart/US/M

    Odd, no?

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    • Frog

      Between 2002 and 2007, these people were doing the same thing they are doing now. Supporting the mega-corporations that rule the U.S.. Since the mega-corporations liked what the Repub Congress did even better than they like some of the stuff the Dem Congress has done, they didn’t need any rabble rousers then, so they didn’t hire any.

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  63. Dr Fly

    Apparently Beck was our murdering then raping people.

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  64. alphadawgg

    I have nothing against Glenn Beck. Thanks for posting the videos.Beck has some good stuff. I don’t understand why all the haters. Dipship drones need to quit bashing the man and listen to the message.

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  65. The_Real_Hmmm

    I went through one of my old notebooks to see what was going on the last time the dollar bottomed out at the end of 2009. Similar events can occur again, obviously because of a double bottom.

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  66. Le Fly

    Hawaii

    This is not an act. I am somewhat subdued here on the net.

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  67. riggedgame

    The Part 3 video exposes Beck for what he is: The subsidized shill of the
    Republican party. He and his fellow misanthrope Libaugh are the brainchild
    of the late Paul Weyrich and Roger Ailes, backed by corporate megabucks.
    You dont think that Sleep Number Beds pay the hudred of millions – in fact
    BILLIONS – of dollars to produce the right wing broadcast fusillade.

    Their idea – which worked – was to control AM Radio air waves top spread
    disinformation and corporatist propaganda. Read Clear Channel.

    It works – look at the stupid, brainwashed American electorate.

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    • JakeGint

      Oh goodness, have a clue and go back to your New York Times Style section. Maybe you can check to see if there are any advertisment while you’re at it.

      ____________

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  68. mhass33

    Fly, we come here to hear your viewpoint because we know you are smart motherfucker.

    What is your opinion on the end game. How can the peons survive?

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  69. Le Fly

    I am going to post more Beck, now that i know there are so many lunatic lefties here.

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    • Frog

      You really believe that Beck is something other than a pawn of the Fed, TBTF banks, and other mega-corporations that control the government no matter what party is in office?.

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      • mhass33

        Regardless, you have to look at the fact that Glenn Beck is now talking about this situation (THIS SHOULD BE AN ALARM – THE MAINSTREAM IS GETTING IT – MEANING WE ARE APPROACHING AN END GAME SITUATION)

        Now the challenge is to play the cards you have and survive

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        • Frog

          The mainstream media always gets it, as long as the “getting it” can be funneled into support of the Repub or Dem party. Tea Partiers ran as Repubs. Just like Sarah Palin, for all her rhetoric, supported the TBTF bank bailouts. Talk is cheap. Business as usual continues.

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  70. Frog

    Taibbi on the Tea Party

    http://www.rollingstone.com/politics/news/17390/210904?RS_show_page=0

    Big bankroller of the Tea Party David Koch “has a major stake in pushing for deregulation, as his companies have been fined multiple times by the government, including a 1999 case in which Koch Industries was held to have stolen oil from federal lands, lying about oil purchases some 24,000 times.”

    As unpleasant as it may be to face this, people’s beliefs do not have to do with logic or reality, as much as they have to do with repetition. So the people who own the media own the power of repetition that can lead humans to believe anything they want. That’s why Clear Channel and Fox are working so well against the taxpayer and for the mega-corporations and TBTF banks. See my long post to Pedro above, about our ancestors in the forests and jungles, learning from repetition.

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    • JakeGint

      Your ancestors got by via authoritarian rule — this is the tale of history. Only in this experiment have we tried to get by via limited government.

      Apparently, you don’t think there is enough and that corporations bound by the rule of law are somehow more threatening than a gigantic, three trillion plus budget federal monster that can circumvent the rule of law at its discretion.

      I have issues with your sense of perspective, however natural it is to human nature to seek authoritarian rule under the rubric of “protection.”

      ____________

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      • Frog

        It is the mega-corporations such as TBTF banks– who finance all the political campaigns– that cause us to have a three trillion plus budget federal monster that can circumvent the rule of law at its discretion. They are the ones that benefit. If they didn’t, they would be stopping their campaign donations, not greatly increasing them and making them more hidden and opaque, which is what they are doing.

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        • JakeGint

          Then shrink the government! Do you realize your argument is circular? You are seeking the gov’ts help to shield you from some monolithic banks and corporations… but the only way for the govt to be big enough to help you is if they take the gelt from the people you fear.

          You are chasing your tail.

          _______

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          • Frog

            OK, shrink the government. We agree on that. Where we differ is that you think Bush and the Repubs shrank the government, so you support the Repubs going forward, as if they are worlds apart from the Dems. Just what makes you think the Repubs shrank the government and reduced the deficit? Why does anyone think Republicans are libertarians? Watch what they DO, not what they say.

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          • Jakegint

            What do you know about what I think? It seems you have already constructed the easiest paradigm with which to argue, so I’ll leave you at it.

            ______

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  71. Le Fly

    Fyi: ibc now streams a live cnbc stream on top right of site.

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  72. Le Fly

    Frog

    Calling beck a tool of the banks is like calling zerohedge a permabull website.

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    • Frog

      Exactly. Neither one intends to be what they are. Beck doesn’t think he’s helping TBTF banks; but he does and the Tea Party does. Watch what these folks vote for and whether it helps the TBTF banks. And Zerohedge feeds short sellers alive to the Bull, with the resulting short squeezes causing the runups we’ve been having.

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      • JakeGint

        Good thing you’ve uncovered the conspiracies for us Frog. The world is safe for big brother government once again.

        I go to sleep and rest easy.

        _______________

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        • Frog

          Glad you are resting easy, as the Repubs you supported expand the government just as they did under Bush, and just as the Dems do. They both expand government and debt. They just use it to do slightly different things. They both use it to take your money and give it to TBTF banks. No difference there, or in most other ways.

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  73. alphadawgg

    Wow! There are so many who have swallowed the swill of the left that they fail to hear the message. Wake up people! This is exactly what will bring you all to ruin. You’re too busy killing the messenger and playing political games, watching “the puppet show” to see what is really happening.

    Just for a minute, pretend it’s not Glenn Beck, but Tom Brokaw on the video.

    Watch and listen again. Don’t be an asshat!

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    • Frog

      AS Steve said above:

      “Republican vote was David v. Goliath, against the special interests…let’s not be naive.”

      Whether Tom Brokaw said that or Glenn Beck did, it’s still naive. Glenn Beck may be sincere but naive. That is possible.

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  74. Blitzed

    Great videos. A little melodramatic but pretty much jives with what Jake has been preaching for the last year or so.

    OK, so the dollar is being devalued. I have been wondering how can I benefit from this or at least survive with the least amount of pain?

    I am thinking I need to get out of cash completely and into commodities / equities, or maybe other currencies. I was also thinking it might make sense to purpose some rental property. Borrow dollars that are worth more today and buy property with it. Pay the debt back with dollars that are worth less tomorrow. In fact, it sounds like the more debt you are in, the better this devaluing is for you.

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    • Po Pimp

      In fact, it sounds like the more debt you are in, the better this devaluing is for you.

      Hence my rather egregious (yet underwater) position in ATPG. Loaded with debt to the gills and selling oil. What can go wrong with this?

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  75. BernieCornfeld

    OK so a porion of this is hyperbole but I don’t disagree with the hypothesis. I just question the degree of intelligence he gives the illuminati to pull this off. Like most conspiricies I have a hard time believing the government is capable of that much coordination/intelligence.

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  76. Le Fly

    Bernie

    Agreed. I tend to believe more in Ineptness than a govt that is in control. However, it s worth noting, the intent is there.

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    • Frog

      How can you believe there is any ineptness in government.? There is none. Our government operates with the efficiency of a fine Swiss watch– with the goal of giving Special Interest Group campaign donors exactly the legislation they desire. Campaign spending by mega-corporations never decreases. It only increases and becomes more secret and opaque. No representative of a mega-corporation EVER complains “Government is too inefficient, so I am going to stop buying it, because I did not get precisely the legislation I bought and paid for.” They never say this because it is never the case. They always get exactly what they pay for, with perfect efficiency.

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  77. alphadawgg

    Short dollar; long gold, commodities, emerging market equities for starters, if, heaven forbid, you believe Beck.

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  78. Le Fly

    Gbig

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  79. Le Fly

    [email protected] I knew he d go nukular

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  80. Le Fly

    Maddow is too boring jake. You really
    Need to lighten up. How can you not find maher funny? Geeez

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    • JakeGint

      Serious. Do you find my comic sensibilities dull? Sophomoric, bully humor that attacks targets that won’t fight back doesn’t float my boat.

      I was glad to hear he made an inadvertant crack about the Islamics the other day. Perhaps they will teach him some manners?

      ______

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      • JakeGint

        ps — I didn’t say Maddow wasn’t boring… I just said she was less annoying than the others.

        I have a low tolerance for the tv punditry thing. I prefer radio if I have to have it.

        _________

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  81. Le Fly

    Jake

    Most likely she is still a secret lib. You must investigate at once.

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    • JakeGint

      No way man. Friend of ours got elected mayor yesterday and she is pissed!

      Apparently, he had the temerity to show up at a Bill Clinton rally! LOL.

      I am “Dr. Frankenstein.” (I think it’s more the having kids thing, though, truthfully).

      _________

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  82. dave

    Take the information and do your own due diligence. Does the messenger even matter? Would anyone think that a single european currency was possible 10 years before it came into existence? You are forced to invest in equities, real estate, etc… to fight devaluation/inflation. It has been the case since the gold standard was abandoned. Sit in cash now and watch your purchasing power evaporate.

    The U.S. had the world by the balls post WW2. The wealth accumulated during that time has been squandered. Enjoy a declining standard of living until we reach parity with the third world countries or another world war breaks out.

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  83. Georgie Best

    More money to the banks, keep the banks healthy, debase the dollar, keep the stock market up and assets up, keep interest yields down, to push money into equities, all creating a wealth effect to hopefully spur spending and investment, but we still have 10% unemployment, QE1 did’nt work why would QE2.

    Why oh why do they or can they not understand the goverment is not revenue constrained, China is not the uSA’s banker. The USA owns the right to print or credit accounts with cash, get a massive programme of publics works going, high speed rail network , bridges the full load and put people to work!

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  84. JakeGint

    FYI — dollar dumping… silver over $25 again.

    ________

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  85. Trading_Nymph

    tea..In regards to the other blog, yep, I didn’t cover….I think everyone has and I am sitting alone in a dark room with my short posititons….I have to see what tips this. China is keeping quiet but going to meet europe leaders, BoJ is lame so far….S Korea said that they may set up barriers to stop influx of Money….I really had hopes that Fed could understand the trouble they are making. Nope, they even had to go higher then they gossiped about…..tomorrow is POMO, I have noticed that the POMO effect is getting weaker over the last week or so….it’s so easy to go long into all the global growth plays….

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    • Teahouse On The Tracks
      Teahouse On The Tracks

      It was getting weaker cause there was no commitment … now we’ve gotten that commitment and the party will resume. Sure at some point we get a 5% correction but that might not come till SPX1250. One could lose a lot of $ waiting and using this unusual market as a learning curve.

      The fed will not give up until they get a confirmation of sustainable inflation … then they will apply the breaks. But you already know the old saying …. The market can stay irrational longer than you can stay solvent, right?

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      • Trading_Nymph

        Yet, Tea…Fed shot their bullets….this is a ROW issue too….they need to react to it all…..I can’t believe that everyone is just going to sit and take it up their, well you get the picture. So what is your analysis of the other world players? Copper, Steel, food getting too expensive…Oil too….demand decreasing….all just speculation….USA is making one heck of a mess of all of this……

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        • Teahouse On The Tracks
          Teahouse On The Tracks

          I’m long steel, gold, silver, iron ore, oil, gas, farm equipment, seed … you get the picture

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  86. Le Fly

    Small brains

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  87. MX2101

    Re: The comments about Clear Channel.

    I think originally the political views of the Mays family were part of the company’s business activities. A couple years ago the Mays cashed out and are no longer controlling the company.

    Now, Clear Channel has different owners, and I think their prime goal is to hang in there long enough to get out at a profit. If someone offered the present owners a nice buyout if the AM stations converted to liberal talk, it would be on the air tonight at midnight.

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    • riggedgame

      I doubt it. Though Roger Ailes now has Fox as his propaganda arm, he still needs AM radio with Beck, Limbaugh, Ingraham, etc so the GOP can brainwash the truck drivers and stay-at-homes.

      I doubt if even $20 billion would buy the silence of the RW Lie Squadrons.

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  88. Yogi & Boo Boo

    Just for S&Gee’s google: obama 200 million india trip

    We are doomed not because of liberals or conservatives, but because of gullible idiots who don’t bother to check facts. I heard about this yesterday in a comment post on a local newspaper. There were about 50 google hits. Michele Bachmann went on national TV repeating this crap. Of course the network called the White House to fact check. The number came from some Indian dude in the Indian hinterlands.

    Don’t these people have staff to check outrageous claims, or does anything go?

    Today the twitter-verse is spewing this in overdrive. There are about 370,000 google hits this morning. Like I said we are doomed. A democracy needs an educated electorate to operate. FAIL.

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  89. wb

    Fly, this is pretty good, thank you. I’m not generally a Beck fan, but appreciated this one.

    However, I have the same issue I have with all his other theatrics: what’s the proposed solution? I get that deficits are major root cause, but no one on either side is proposing any meaningful spending cuts or increased taxes to close the gap.

    Can it actually get solved with any of the current or new players?

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