Dallas Fed Prez Lambasts U.S. Gov’t & Banks, Illustrates Point With Hilarious Debt Limit Vid
- Posted on April 11, 2012 at 12:24pm by
Becket Adams
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Dallas Federal Reserve president Richard Fisher believes the nation’s finances are being severely mishandled by the U.S. government and the banking industry.
Last week, The Blaze reported that the Dallas Fed — along with the full support of Fisher — released a study advocating the breakup of the big banks and putting an end to “too big to fail.”
“We know this will happen again,” Fisher said during an interview with PBS FRONTLINE, “the question is will the taxpayer be held hostage, once more, if we have such concentration within so few hands?”
But perhaps Fisher felt he was being ambiguous. This would explain why the Dallas Fed president doubled down on his criticism of the U.S. government and banking industry‘s handling of the nation’s finances during an address he delivered at Oklahoma University Tuesday afternoon.
“In my view we cannot continue to do what we’ve been doing. If we monetize the debt, if we bail out those that have accumulated debt with inflation by debasing dollar, we will have failed in our duty,” he said.
And to illustrate his point, he showed this well-made, hilarious video from debtlimitusa.
Why is it funny? Well, if it weren’t for the fact that the U.S. is in a very dangerous place (financially speaking), the way the U.S. government has handled the nation’s finances would be genuinely funny — kinda’ like a dark comedy:
Seriously, that’s one of the funniest takes on the nation’s debt we’ve ever seen.
Sad and scary. But funny.
(H/T: Business Insider)
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MentalyChallenged
Posted on April 16, 2012 at 7:36pmHow to clear the debt in 10~15 years
http://www.youtube.com/watch?v=-PUVSnSM0OI
Report Post »Shackleford
Posted on April 12, 2012 at 12:28pmI loved how clueless and distracted the guy representing the USA was.
Report Post »HowardSternIsABigot
Posted on April 12, 2012 at 8:13amFor 2 decades i argued with coworkers about this. they all firmly believed we could run debt forever as it was all just fantasy. Appears that delusion has reached its limits finally. Unfortunately i no longer see those idiots so i cant say i told you so.
Report Post »Tolkayn
Posted on April 12, 2012 at 7:42amDo you people actually believe that any of the options stated in the comments here will truly address this issue, when you are not addressing the underlying cause. The cause is our Fiat monetary driven, socio-economic system, until we get rid of it, nothing will change. Want a real solution? Check out The Venus Project, if you have questions see the FAQ page.
Report Post »truebluepatriot
Posted on April 11, 2012 at 8:55pmThis is disgustingly sad and funny at the same time. They say the best way to teach is via humor. So, let’s education everyone in our sphere of influence. The fact of the matter is, no matter who wins the next election, we’re screwed. The new man (or the old one) can’t do a thing to change what the Fed has done to us. Earth to America . . . .
Report Post »65Plus
Posted on April 11, 2012 at 4:45pmDo the Fed “Audits” show the trillions and trillions created out of nothingness and sent to who-knows-where? No. The “audits” are operating expenses, furniture allowances for operations, etc. NO ONE gets to look at the actual Books – not even Congress. Where, for instance, is the $2T that the Fed “gave”/“lent”[???] UBS? Show us the page.
Report Post »TXPilot
Posted on April 11, 2012 at 7:49pmUh oh, it seems Fisher’s indoctrination is slipping…..I’m sure Washington will be sending him to “re-education camp” soon….
Report Post »soybomb315
Posted on April 11, 2012 at 4:28pm“We know this will happen again,” Fisher said during an interview with PBS FRONTLINE, “the question is will the taxpayer be held hostage, once more, if we have such concentration within so few hands?”
Well we know obama would gladly bail out the banks again. Based on everything we have heard from romney, he will do the same thing. Romney praised Bush last month for bailing out the banks and has said publicly that he supports what Ben Bernake has done.
So you people who act like it is treasonous to not vote for romney please consider those facts?
Romney says Bernake has done a good job
http://www.youtube.com/watch?v=l6JDooqBcjg
Romney supports too big to fail
Report Post »http://nbcpolitics.msnbc.msn.com/_news/2012/03/21/10798301-romney-credits-bush-wall-st-bailout-for-avoiding-depression
THX-1138
Posted on April 11, 2012 at 4:25pmLaughing all the way to the next World War….
Report Post »Snowleopard {gallery of cat folks}
Posted on April 11, 2012 at 1:28pmFinally one of them admits the truth!!!
Report Post »Ruler4You
Posted on April 11, 2012 at 3:47pmFirst of all the Fed “IS” an unconstitutional body to begin with. So to who‘s ’duty’ do they refer? Secondly, the Fed “IS” in charge of foisting fiat currency on the people of the several States.
We already KNOW that the Fed uses inflation to debase the currency and then lies about the rate of inflation and covers up the implications on the equity of every day Americans, as well, that includes but “IS” not limited to your 401K, IRAs, Savings, Checking, Stock investments, Bonds, real estate and cash holdings.
The fed, although it may be what we ‘have’ “IS” all the same an elitist criminal scam on Americans and all people of the world who use the currency for any particular purpose. Including as a fire starter.
Report Post »flagbearer
Posted on April 11, 2012 at 1:26pmEvery American should see it and weep.
Report Post »The_Almighty_Creestof
Posted on April 11, 2012 at 1:18pmThis is true gold!
Report Post »youdidthis
Posted on April 11, 2012 at 1:10pmRon Paul’s Audit the Fed Hearing
Report Post »http://www.youtube.com/watch?v=S056-bvR520
IMCHRISTIAN
Posted on April 11, 2012 at 1:09pmWonder if a copy will go into the History books so the people in future generations will understand why the “Dreams of their Future” was washed away.
Report Post »Beckofile
Posted on April 11, 2012 at 12:53pmWatch the video. It is right on point and hilarious. Send a link of it to everyone you know.
Report Post »Unix
Posted on April 11, 2012 at 12:51pmThat video is not funny, unless you’re a shallow moron, it makes me want to throw up!
Report Post »cessna152
Posted on April 11, 2012 at 12:49pmIt’s funny until you are slapped with the realization at the end of the video… then it’s not so funny. Maybe we‘ll think it’s funny watching it from our mud huts in a few years?
Report Post »Mark0331
Posted on April 11, 2012 at 12:47pmThe Federal Reserve banks are audited yearly by the Board of Governors and the independent firm of Deloitte& Touche..one can find the Financial statements for years ending Dec 11 and Dec 10 at http://www.Federalreserve.Gov/monetarypolicy/files/BSTDallasFinstmt2011.pdf..so they,the Federal Reserve Banks and the associated LLC.’s do get audited by an independant firm. Anually.
Report Post »Mark0331
Posted on April 11, 2012 at 12:51pmThe real issue is, can you TRUST anyone who performs the audits? Therein lies the ‘rub’…
Report Post »Mark0331
Posted on April 11, 2012 at 1:00pm@Youdid this..then try http://dallasfed.org/assets/doc…the ‘link’ I left had the “..so” in red, probably screwed it up…seriously…just search for ‘audit dallas fed’ and the info is there with links…
Report Post »youdidthis
Posted on April 11, 2012 at 1:04pmthanks for link…
Report Post »thanks for the info.
Mark0331
Posted on April 11, 2012 at 1:14pm@YOUDIDTHIS…anytime, we are all ‘in this’ together…keep the faith.
Report Post »Stoic one
Posted on April 11, 2012 at 1:24pmhttp://www.federalreserve.gov/monetarypolicy/files/BSTDallasFinstmt2011.pdf
Report Post »65Plus
Posted on April 11, 2012 at 4:50pmNo. Where is the $2T that the Fed “gave”/“lent” [???] to UBS? Where are the trillions and trillions and trillions that Bernake has created out of thin air? Where did they go? Show us the page numbers of all this. Even Congress cannot get this info. The IG “says” that she can get it, but doesn’t “know anything.“ All that is in these ”Audits” is operating expenses, not money generation and disbursement. Useless wall paper.
Report Post »marine249
Posted on April 11, 2012 at 12:44pmMr. Fisher;
Report Post »You have failed.
ThePostman
Posted on April 11, 2012 at 12:41pmThey called Ron Paul a looney tune too. Not any longer, not on fed policy. It is painfully obvious for anyone with a third-grade level understanding of math and human nature, that we are beyond the rubison and destined for a monetary collapse much worse than what just happened.
Report Post »Teabunny
Posted on April 11, 2012 at 12:46pmRubicon
Report Post »soybomb315
Posted on April 11, 2012 at 4:29pmin the end, he’s always right
Report Post »Aerocog
Posted on April 11, 2012 at 12:39pmProbably put into the simplest of terms Liberals will still ignore the issues until Mister Banker is at our door to take our house away from us.
Report Post »mcsledge
Posted on April 11, 2012 at 1:08pmThat would happen unless the government steps in the middle and prohibits them from doing so, which they have done in the past. It’s like capitalism being trumped by government dictators (aka communism).
Report Post »Mark0331
Posted on April 11, 2012 at 12:37pmYet the liberal left and Barry O supporters still take the opposite view of this video and philosophy…this illustrates how stupid they are. Truly stupid and clueless.
Report Post »TheePolitinator
Posted on April 11, 2012 at 4:25pmPerfectly put!!
Report Post »scuba13
Posted on April 11, 2012 at 12:33pmWhy should I trust anything this guy says?Has the Dallas Federal Reserve ever been audited?
Report Post »mcsledge
Posted on April 11, 2012 at 1:11pmYou don’t always have to trust an individual to trust in a comment made by that individual. It‘s called ’common sense’ and God gave it to everyone. Unfortunately, some have no clue what it is and would rather be told what to think.
Report Post »VastRightWingConspirator
Posted on April 11, 2012 at 1:23pmThe video speaks for itself. I don’t care if a terrier made it. This is what our government is doing to us, or do you think we can just keep piling on debt with no reprcussions?
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