Wednesday, January 15, 2014

Arrest Janet Yellen!

By Bill Bonner

We put in a good citizen call to the SEC yesterday.

"There's a massive scheme to manipulate stock prices," we told the friendly agent.

"I have to tell you that your call is being monitored so that we can better serve the public," he replied.

"Oh, don't worry about that. The NSA is tapping our call anyway."

"Are you talking about a specific stock?"

"Oh no... I'm talking about all of them."

"You mean a Madoff-style scandal?"

"No... no... This is much, much bigger than the Madoff scandal. We're talking major manipulation. Intentional. Knowledge aforethought. Pumping up all stock prices. Trillions of dollars."

"Who is doing this?" the agent asked... a certain tone creeping into his voice. He was starting to suspect he had a lunatic on the line.

"The Fed, of course."

"Uh... thank you..."

"You gotta go after those bastards..."

"Uh... yes... we'll look into it..."

"Okay... thanks... I just thought you should know."[...]

C'mon, SEC, you put the petty, two-bit manipulators in jail. A few million here and there. BFD! How about the big boys? How about a trillion-dollar conspiracy to raise stock prices?

Arrest Janet Yellen! We want to see her do the perp walk.

Bill Bonner founded Agora, Inc in 1978. It has since grown into one of the largest independent newsletter publishing companies in the world. He has also written three New York Times bestselling books, Financial Reckoning Day, Empire of Debt and Mobs, Messiahs and Markets.

The above article originally appeared at


  1. Print off your own "money" and go to jail. The Fed prints a trillion and they call it "monetary policy." No double standard there!

  2. Cool story bro ... did you know Social Security is a Ponzi scheme? Madoff tried to warn the regulators about it, but they wouldn't listen...

  3. meanwhile....

    Zhang Bingnan: Gold Is Safeguarding National Economic And Financial Security

    He also said that recently gold has gained worldwide attention; the media have also reported on the Chinese gold rush by the Chinese aunties. In fact, the rush to grab gold is not just limited to the Chinese aunties, this gold buying binge is spread throughout the whole world, from Shanghai, Beijing to Hong Kong, Mumbai and New York. It should be said that this craze for gold buying is global. Therefore, it is not just China that is buying gold in bulk, but also the rest of the world.

    So why this global rush to buy gold in large quantities during the gold price fall this time? In 2008, after the Gold price pushed through $1,030, it also fell twice for 10%, and then further fell 30% in the following 6 months. Why did we not see any gold buying rush then? In fact, once we see the Chinese aunties rushing to buy gold, we need to really thinking deeply about the underlying reason from this phenomenon. Why the falling price in 2008 did not lead to a global demand for buying gold? And why is it happening this time around? I think it’s because after this round of global financial crisis, more and more people around the world have a clearer understanding that gold is safeguarding national economic security and financial security. Its importance of protecting ordinary people’s portfolio is increasing.

  4. It's now. is no more.