Protest at the Fed
While we are sitting around waiting for the widely anticipated stand pat 2:15 FOMC Fed statement, here are some interesting photos of a protest at last months meeting:
Hat tip: Cunning Realist
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Tuesday, August 05, 2008 | 01:15 PM | Permalink
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i feel like calling them up and asking them to sign me up for 300-days-free-rent. i'm 23 and looking at not being able to afford getting back into school.
Posted by: anonymous | Aug 5, 2008 1:36:38 PM
This is the most economically literate protest I have ever seen. Kudos to the organizer.
Posted by: David Merkel | Aug 5, 2008 1:43:20 PM
It's about time we saw some popular outrage over all this. Inflation (via the expansion of the money supply far in excess of underlying growth) is a direct tax on working people and a de-facto bailout of debtors.
Posted by: also fed up | Aug 5, 2008 1:48:03 PM
greed of this bustards is unbelievable
http://finance.yahoo.com/retirement/article/105503/Companies-Tap-Pension-Plans-to-Fund-Executive-Benefits
Posted by: sergtat | Aug 5, 2008 1:56:26 PM
greed of this bustards is unbelievable
http://ataxingmatter.blogs.com/tax/2008/08/wall-st-journal.html
For the simple folks, details about how the scam works
Posted by: derringdo | Aug 5, 2008 2:40:39 PM
details are always a good idea, in this case, it can make for a fascinating story.
Posted by: Mark E Hoffer | Aug 5, 2008 2:56:32 PM
Awesome!!! Need more of this.
Posted by: SM | Aug 5, 2008 3:24:16 PM
this picture is from capitol hill. the Fed is ~20+ blocks from where this picture was taken.
Posted by: dc denizen | Aug 5, 2008 3:44:06 PM
The organizer of this was Karl Denninger over at Market Ticker via FedupUSA.org
Future protests will be planned. Several petitions have already been submitted to US government officials. Come join us!
http://www.fedupusa.org/node/26
Posted by: Mr Bubbles | Aug 5, 2008 3:50:52 PM
I checked out that FEDUPUSA.ORG and they had a link to this bloomberg article. http://www.bloomberg.com/apps/news?pid=20601109&sid=azswcZQvmUX0&refer=home
Interesting BR that Asia seemed to be more worried than anyone else...
Posted by: GB | Aug 5, 2008 5:07:27 PM
I believe Denniger was on top of cfc's fall from grace way back in 2006...at least that is when there problems came into my view.
Posted by: JustinTheSkeptic | Aug 5, 2008 6:26:32 PM
Just checked out their web site. It's refreshing to see that they are not affiliated with politics, just sound economic principles and ethics.
This is a group I would support as any time you mix politics with the above, the message is diffused. These people point the finger at the right target.
Posted by: JR | Aug 5, 2008 10:44:43 PM
"Just checked out their web site. It's refreshing to see that they are not affiliated with politics, just sound economic principles and ethics."
well, er, sort of JR.
Karl Denninger runs his TickerForum like the Idi Amin of econ blogs. He's a right-wing sociopath with a Napolean complex, is quicker to censor dissent than a Fox News editor and is prone to lashing out at the members who haven't already been banned for not "heeding his warnings" or "sitting on their asses drinking beer" while the Republic burns ( He's a juvenile dickhead who pisses on his own blog in other words). A casual visitor to TF should be prepared to encounter every ethnic slur known to man and every verbal variant on the act of coerced anal sex.
But the damned thing is, he IS perceptive about financial/economic matters and i read TickerForum every day.
Barry-what sayest thou about TF?
Posted by: brion | Aug 6, 2008 1:18:04 AM
brion - thats some post above ... I read it three times
I have not yet visited it for fear of investing in his kingdom by ClickGear ... so we have another antichrist on our hands? I'm shaking in my boots. Well kinda.
If your not with us your against us. Yep.
I'm worried the government and corporations are setting rules and tax breaks in their favor.
Like (1 issue) - there is a law structure coming down the pike, already here, corporations want equality, common folks want assurance - I'm talking about caloric and nutrient contents on menus of restaurants.
And millions of dollars of tomatoes went where during the last scare. And it turns out what I thought of right away, yucky irrigation water.
Posted by: Greg0658 | Aug 6, 2008 9:37:31 AM
"this picture is from capitol hill. the Fed is ~20+ blocks from where this picture was taken."
Look at the photo gallery linked above. We protested at the Federal Reserve building first on that day.
Posted by: DigDouggler | Aug 6, 2008 11:48:10 AM
Wonder why I didn't see this covered on CNBC [lol]?
Posted by: Jojo | Aug 7, 2008 5:42:14 AM
