Friday, November 12, 2010

Must View: Goldman Sachs, Ben Bernanke and the Federal Reserve DESTROYED!

Totally awesome!! This needs wide distribution. It tells it all.



  1. I was skeptical at first, but this was actually quite excellent. I appreciated the references to "The Bernanke" and "The Goldman Sachs".

  2. Sorry I was totally turned off by them mispronouncing Bernanke's name. LOL.

    Mentioning only Goldman Sachs for dramatic effect, no doubt, but kind of misleading. Primary dealers include institutions from UK, Switzerland, France, Germany, Canada, Japan.

    Buying directly from Treasury means handing money directly to Treasury to spend. That's far scarier than handing money to the banks, as far as I'm concerned. Seeing how the government misspent the whole stimulus money, I wouldn't recommend...

  3. I learned so much from this cartoon. I didn't know that the Fed purchased treasury bonds through Goldman. Wow! I love the way the characters used an article, 'the' in front of names and instituions, thus dehumanizing the dehumanizers and the f'ing thieves of the ruling class politcal complex. Great show!!

  4. @Peter Frankowski

    Technically what the Fed does is buy through "Primary Dealers", which, of course, includes Goldman Sachs, but there are others (all I consider to be insiders)

    The cartoon is correct in that lots of monkey business can go on because the Primary dealers do know in advance exactly what the Treasury is going to buy.

    I suspect in the middle of the crisis the Fed shoveled a lot of money to Goldman et al by Primary Dealer trades. I would like to see an audit of all trades between the Fed and the Primary Dealers between the start of 2008 and the end of 2009!

  5. As a Member of the Board of Governors of the Federal Reserve System on February 20, 2004, Bernanke gave a speech: The Great Moderation, where he postulated that we are in a new era, where economic volatility has been permanently eliminated....