The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.
The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.
The Market Ticker content may be sent unmodified to lawmakers via print or electronic means or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media, to republish full articles, or for any commercial use (which includes any site where advertising is displayed.)
Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.
Considering sending spam? Read this first.
Yes, I mean it.
Here's a "reprint" of my interview with Dylan Ratigan last night:
I, and FedUpUSA, ought to sue anyone using this moniker for their so-called "political affiliation" for defamation.
Yeah, that's a joke.
But so are you.
All of you.
Especially Sarah Palin, Newt Gingrich, Bob Barr, and douchebag groups such as the "Tea Party Patriots."
Really? That sounds pretty good. But did you read "Free Markets"?
Free Markets: A free market is the economic consequence of personal liberty. The founders believed that personal and economic freedom were indivisible, as do we. Our current government's interference distorts the free market and inhibits the pursuit of individual and economic liberty. Therefore, we support a return to the free market principles on which this nation was founded and oppose government intervention into the operations of private business.
Oh, oppose government intervention eh? You mean, you oppose stringing up the people who break the law and steal people's homes and wealth? Private business is only private up until it rips someone off.
Notice what's missing from this mission statement and principles: Any mention of why I and others led people to mail tea bags to Congress and our President in the first place: rampant theft of over taxpayer money propping up FAILED private businesses.
Then look at what's over at TeaParty.Org: you'll find the usual pablum. Guns, gays, God.
Heh, I like talking about Guns, Gays and God too. Let's talk about all of them within the context of The Constitution, which is what the Tea Party was supposed to be about. In short:
Now that we've dispensed with Guns, Gays and God in the context of what one of the founders of the Tea Party Movement believes, I'll deal with the rest.
The Tea Party was initiated as a political protest against the unlawful and in fact unconstitutional usurpation of power from the Congress and The People in the form of extortion-led bailouts of enterprises that had engaged in acts that I, and many others, believe were at least civilly actionable and in many cases crossed the line into criminal activity.
This indictment is not limited to the nation's large banks, although it certainly starts there. The corruption of our economic and monetary systems runs the gamut from Fannie and Freddie through their ties to Congress (including literal sexual encounters in some cases), banking interests selling trash securities to everyone from pension funds on down, judges who don't judge but rather protect monied interests on Wall Street, The Federal Reserve intentionally debasing our currency and monetizing government debt, government spending that is running 40% above revenues and much more.
In short, The Tea Party was and is about the the corruption of American Politics and the blatant and outrageous theft from all Americans that has resulted. It is about personal responsibility and enforcement of the law against those who have robbed, financially raped and pillaged the nation.
Yet today we hear literally nothing about these issues among the so-called "Tea Party" candidates and their backers. Sarah Palin has not said one word about locking up the banksters that brought up on the housing bubble and economic collapse. Not one word about Bernanke's out-of-control Fed and the arguably unlawful monetization of Fannie and Freddie paper, not to mention the monetization of the Federal Debt. Not one word about throwing judges such as this one:
in the dock - although that, ladies and gentlemen, is a statement of felony judicial corruption. If you as an investor run into trouble with a commodity or futures trade and sue you will not get your day in court - a literal "green light" to rob the people by the big banks with official judicial sanction. And you wonder how Hillary Clinton managed to "win" in her Cattle Futures trades eh? Wonder no more.
Tea Party my ass. This was nothing other than The Republican Party stealing the anger of a population that was fed up with The Republican Party's own theft of their tax money at gunpoint to bail out the robbers of Wall Street and fraudulently redirecting it back toward electing the very people who stole all the ****ing money!
You want me to support The Tea Party as it is currently constituted?
Do all of the above, do it now, and apologize for attempting to perpetuate the financial******of this nation.
Publicize the following as your LEAD:
STOP THE LOOTING AND START PROSECUTING
And finally, one more:
ALL FIVE OF THE LARGEST BANKS ARE RESOLVED AS OUR FIRST ACT IN CONGRESS.
They caused it, they pay for it. Period.
Until and unless you do?