In Advance Of Bernanke's 10:00 AM "Humphrey Hawkins" Testimony

Tyler Durden's picture

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ZeroPower's picture

"There is no inflation"

"I am 1000% sure i can control inflation, if it ever appears"

EscapeKey's picture

Funny how BusinessInsider and other pro-establishment sites have gone VERY quiet on Cotton, now that it's back up to its 52-week highs.

Yes, ZeroHedge is biased. But those morons who think BI, Marketwatch, etc report the actual news, live in fantasy world.

spanish inquisition's picture

Looks like the V shaped recovery is still intact. Of course is a v fib shaped recovery.

 

overmedicatedundersexed's picture

congressman: "do you bear any responsibility for the deaths across the world caused by inflation of food and fuel??"

Ben, "No no no I no I no umm. thats not fair"

Congressman: is the debt of the US Gov sustainable?

Ben," debt debt , well its just paper you know."

sudzee's picture

Two questions to ask nicely:

1/ is the treasury, thus the people,  on the hook for the trillions in gold derivatives you hold?

2/ what is your estimate of counterfeit treasuries and bonds circulating around the world?

BennyBoy's picture

"I swear to tell lies, and only lies, so help me Lloyd."

sudzee's picture

Another question:

If your computers crash, do you have hard copies of all transactions, or is that becoming too expensive to do?

TruthInSunshine's picture

Here's ONE simple, straightfoward question that one would think a Senator - any Senator - would think to ask:

"Mr. Bernanke, why is the Federal Reserve paying 60 billion dollars in commissions on Treasury Bond purchases to the Primary Dealers yearly, when no such commissions would need be paid if those Treasury Bond purchases were made directly from and with the Treasury Department?"

Quivering lips and grandstanding at 10:00.

  • The economy is weak (when asked why QE is still needed).
  • There is no inflation. In fact, inflaton is too low.
  • Quantitative Easing has been successful in creating a wealth affect among proprietary black boxes.
  • Weather is the main force behind retail sales and revolutions.
  • Savers are getting 1/2% interest because we have true market forces at work.
  • Can we please talk about College Basketball, now that College Football season has ended, and chew up the clock for a good hour or so, cumulatively?

 

eddiebe's picture

Q.E. 3 and then 4. The lackeys in the house don't stand a chance. It's all yes sir, and can we please have just a little more, sir.

Josh Randall's picture

Gather 'round the ole talking box kids, and lets watch a Used Car Salesman sell a Used Car to another Used Car Salesman

Ancona's picture

So, Ben "Fuck the little guy" Bernank is going to testify.........right. He is set to lie, obfuscate, scapegoat others, throw anyone and everyone under the bus, and then pretend to be the hero by anouncing that bond purchases will continue to infinity.

monopoly's picture

If I really let all this get to me as it should I would probably go nuts. When the "march of millions" moves on Capitol Hill, I will be there. Until then, I buy the dips and sell the rips. Have you all noticed how nice and tame Physical has been, mostly gold. Just moves up a few dollars each day, quietly as it gets closer to 1,500.00. Hopw Silver slows a bit and consolidates before hopefully next move up. Don't like dumps, but we do not need a ramp. Long way to go.

 

firstdivision's picture

Is the chairman of this committee retarded, or does he just act like one?  He actually sounds illiterate.

TruthInSunshine's picture

He had a stroke a few years ago, and no, I'm not joking.

 

Now, I say this in very un-PC manner:

Cute woman to garish Senator while strolling in driving range parking lot: "What do you do for a living?"

Senator: "I work with retards."

h/t to 'Something About Mary'

One_Eyed_Pony's picture

Representative Brad Sherman (D-CA) is such a tool of THE FED... "Confirmed" to Bernake, U.S. Bureau of Labor Statistics current data on CPI is higher than reality... the true CPI .1-.2% lower than their numbers posted by the BLS. That Gas  (RBOB) maybe up, but flat panel TV screens are down, Bernake confirmed Sherman's statement as accurate, but it's the core CPI where most Americans are spending their money and that's not on flat panels or luxury items. When more money goes into operating costs, there's much less for investments or asset purchases.

So tired of these shills flipping the coin on statistics