Bearish News

Blankcheck von Moneypants, heh.

Some will watch this film and be turned off by the over-the-top presentation. Fall of The Republic has a conspiratorial tone, which may limit its reach somewhat. But it has already racked up 500,000+ views on YouTube.

The movie conveys hard truths about American politics and economics. At times it veers into questionable territory, but the overall message is of critical importance — both parties in the U.S. are hopelessly corrupt. America is being pillaged.

After a cinematic intro on the New World Order, the film into some extremely relevant stuff. It’s over two hours long, so get a beverage. It features interviews with Bill Black, Max Keiser, Gerald Celente, Jesse Ventura, and Wayne Madsen.

The film’s official website is here, where you can order the DVD.

When given the rare opportunity to debate Fed officials, Schiff didn’t pull his punches. He’s gets into it with fellow panelists James Bullard (St. Louis Fed president), and Alan Blinder (former Fed Vice Chair). At one point he says “Bernanke hasn’t gotten anything right”. The Fed guys’ response is predictably weak.

Unfortunately the conversation gets cut off just as it seems to be heating up. Aaron Task gives a good interview, but I haven’t been able to find the rest of the video. Anyone?

Mr. Secretary, the public has lost all confidence in your ability to do the job… You reflect poorly upon your President.

Another good part is when Geithner tries to dodge any responsibility for the crisis, saying he inherited the situation. Congressman Kevin Brady correctly points out that Geithner was President of the NY Federal Reserve during much of the crisis. The NY Fed is by far the largest and most powerful U.S. reserve bank.

Geithner dropped the ball on AIG, and played a role in designing the outrageous bailout scheme from the start.

But he’s finally on the defensive. That’s a good sign. This WSJ piece is a good writeup.

How about Simon Johnson to replace him? Pretty please?