. . .
K “A year ago, Federal Reserve Chairman Powell repudiated a noble but doomed experiment. After he raised interest rates in an effort to reach a normal, rational and traditional level, he and many others realized that interest rates can never ever ever ever ever be raised again and must be reduced to zero or less than zero to avoid financial collapse.”
J “On January 30, as I recall, Powell relented because the Federal Reserve realized that the economic and financial system was again on the edge of collapse. On September 17, as I recall, when the Federal Reserve again recognized that collapse was immanent, it opened up the coffers via the overnight repurchase market and shoveled free money to the banks and hedge funds. And the free money is still flowing freely.”
. . .
K “The entire financial and the political system is built on a deep and abiding faith in and reliance upon distrust. Everyone in the banking and hedge fund world possesses enough self-awareness to know that she and he are corrupt and dishonest to the core. And everyone in the banking and hedge fund world knows that the others in the banking and hedge fund world are corrupt and dishonest to the core. Perfect knowledge in a world of otherwise imperfect knowledge. Profound and well-founded distrust undergirds all decisions.”
J “Actions and behavior are predictable, if one seeks to predict actions and behavior. No banker or hedge funder wants to lend to another banker or hedge funder because each if given half an opportunity will not pay the money back. Thus, they simply steal the money that is given freely by the Federal Reserve. And the free money is still flowing freely.”
. . .
K “Now going on a dozen years, the Great Financial Coup D’état rages on and on and on.”
J “And on and on and on and on and on without public input or congressional approval or MSM comment. And the free money is still flowing freely.”
. . .
J “Print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print. print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, and then rinse and repeat.”
K “And then lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie and then rinse and repeat.”
. . .
[See the incisive and insightful commentary in “Wall Street On Parade” researched and written by Pam Martens and Russ Martens; David B. Collum, the other Dave who provides a review of the events of the departing year, delivers his written “2019 Year in Review” in two parts and a podcast titled “Pandemonium” in his own inimitable way available at Peak Prosperity.]
[See the e-commentary at “Quantitative Easing = Money Printing (January 19, 2015)” published five years ago discussing the ongoing Quantitative Easing currently in overdrive and part of the Second Great Bank Bailout taking place without public input, congressional approval or MSM comment; “Coups d’état, Bail Outs And Bail Ins: Clio’s Diary/Chronology. Oh, And Happy Constitution Day! (September 17, 2018)” published on the ten year anniversary of the Great Financial Coup D’état; and “Twenty Sixteen (January 4, 2016)” published four years ago at the dawn of the year on the prospects for economic collapse in the near future.]
Bumper stickers of the week:
Print, baby, print
Lie, baby, lie
Not all debt is repaid, but all debt is paid
And the free money is still flowing freely
e-commentary 
Does Any Institution In America Function? Oh, And Happy Friday The 13th! (December 9, 2019)
Posted in Academia, Banks and Banking System, Congress, Democrats, Federal Courts, Federal Reserve, Institutions, Jurisprudence Award, Kleptocracy, Law, Medicine, MIC, MICAC, Military, MSM, Noble Prize in Jurisprudence, Pushitzer, Pushitzer Prize In Commentary, Republicans, Supreme Court on December 9, 2019 by e-commentary.org. . .
J “I need one more day.”
. . .
K “You don’t have to name three, just nominate one.”
J “One institution after the other after the other after the other after the other after the other after the other has failed and continues to fail. And that is even after lowering the standards to the point that the bar is on the floor. One more day, I need.”
. . .
K “The legal system at every level is a fraud and a racket. We live in a country with many, many, many rules and many, many, many laws, but we do not live in a country that believes in or adheres to the rule of law. There is no law, there is only ideology.”
J “The medical and health care / sick careless system is a racket and a fraud. I drive by the health insurance company skyscraper and reflect that not one person in the monolith has ever applied a band aid to a patient. There is no care, there is only profitability.”
. . .
K “The economic system is rigged at every step and turn to loot every last dollar from the people for the benefit of the Kleptocrats. What is the end game for the expendable consumers who soon will have nothing left to bleed?”
J “The MSM media is a wholly owned subsidiary of the Kleptocrats. The message is tightly controlled by obedient droves of stenographers. As a first step, everyone should skip ‘The Wall Street Journal’ and jump over to ‘Wall Street On Parade’ produced by Pam Martens and Russ Martens.”
K “Academia is a substantially owned subsidiary of the Kleptocrats. The message on the critical issues is also controlled and shaped by the corporate sponsors. The campus buildings are all named for brigands; their kids and grandkids are admitted to skip the classes conducted in the namesake halls. The hallowed halls are hollow holes. The MIC is now expanded to include Congress and Academia in the MICAC.”
. . .
K “Every agency from the Federal Aviation Administration (FAA) to the Federal Maritime Commission (FMC) – in the air and on the sea – is corrupt and incompetent. Regulatory capture exists at just about every regulatory agency.”
J “Furlough the ‘L’ out of the Bureau of Labor Statistics (B“L”S). To determine the real rates of unemployment, a citizen must search in the shadows at “Shadow Government Statistics” prepared and analyzed by the dedicated and informed John Williams.”
K “And then there is the Federal Reserve. Probably no other institution, less one and perhaps two, has inflicted more grief and despair on the ordinary citizen with less publicity and notoriety than the Federal Reserve.”
J “And related agencies such as the Securities And Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Federal Deposit Insurance Corporation (FDIC) are pernicious because they fool the citizen into believing that someone is watching out for him or her.”
K “And the Department of Defense (DoD) exists primarily to spend money, drop bombs, and kill people but not to provide for the common defense.”
. . .
J “The CIA and the FBI are a threat to every citizen at home and abroad and now may be affiliated with and advancing the interests of one political party.”
K “The police in every burg and borough are paramilitary forces occupying the city and the county and the country. Very few understand that the real Occupy movement in America grinds on.”
. . .
K “Even many of the vaunted NGOs (Non-Governmental Organizations) surreptitiously serve the government’s interests. The Organisation for the Prohibition of Chemical Weapons (OPCW) is a front for the MICAC and shielded by the MSM that advances the propaganda.”
. . .
J “Local EMTs and fire departments are generally contributing to the public good.”
. . .
J “The National Credit Union Administration (NCUA) is a credit worthy institution administering its duties dutifully.”
K “Despite unrelenting opposition from the White House, Republicans and industry, the Environmental Protection Agency (EPA) is doing what it can to reduce the plundering and the pummeling of the Planet.”
. . .
K “The ACLU is fighting the good fight.”
J “Planned Parenthood is improving our plight.”
. . .
[See “Journalist: Newsweek Suppressed OPCW Scandal And Threatened Me With Legal Action” and other articles in “caitlinjohnstone.com” by Caitlin Johnstone, the 2019 recipient of the Pushitzer Prize In Commentary, dated December 8, 2019 and the discussion of e-con-omics in “Against Economics” in “The New York Review of Books” by David Graeber dated December 5, 2019.]
[See the e-commentary at “Here Comes Da Judge; Dere Goes Da Justice (August 31, 2015)”, “The FBI File: The American Imprimatur Of Success (January 18, 2016)”, “Suing Law Schools; Suing Gun Makers. Oh, And Happy Law Day! (April 30, 2018)” and “Clinton, Inc., Trump, Inc., Bush, Inc., Kennedy, Inc., O’Bama, Inc. (October 24, 2016)”.]
Bumper stickers of the week:
“Every great cause begins as a movement, becomes a business, and eventually degenerates into a racket.” Eric Hoffer
America is a racket not a republic.
“If the misery of the poor not be caused by the laws of nature, but by our institutions, great is our sin.” Charles Darwin
There is nothing you can do to make any material change of any kind in any way today.
“Start where you are. Use what you have. Do what you can.” Arthur Ashe
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