Artist's Rendering Of Ben Bernanke's Desktop

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Fri, 07/09/2010 - 15:25 | 461017 Apostate
Apostate's picture

This is the best post. 

Fri, 07/09/2010 - 15:29 | 461031 Pamela Anderson
Pamela Anderson's picture

lol :) Thanks for today's work...

Fri, 07/09/2010 - 15:33 | 461043 i.knoknot
i.knoknot's picture

bitchin avatar. excellent.

Fri, 07/09/2010 - 16:33 | 461176 digitalhermit
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Forgive me if I'm a little partial towards this one: Bernanke to the rescue

Fri, 07/09/2010 - 23:11 | 461748 dlmaniac
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There should also be an option of "rig gold" or "sell tunsten bars" on his desktop.

 

Fri, 07/09/2010 - 15:34 | 461051 septicshock
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agreed, avatar rocks.

Fri, 07/09/2010 - 15:41 | 461072 lettuce
lettuce's picture

awesome. awesome to the max.

Fri, 07/09/2010 - 15:46 | 461077 WaterWings
WaterWings's picture

Heh heh.

Fri, 07/09/2010 - 15:51 | 461087 sheeple
sheeple's picture

That's not Pamela!

Fri, 07/09/2010 - 15:49 | 461082 Dont Taze Me Bro
Dont Taze Me Bro's picture

lolz

Epic!

 

 

Fri, 07/09/2010 - 17:32 | 461277 gnome_of_zurich
gnome_of_zurich's picture

The Login ID is priceless.  Also - he has that same mushroom

on his forehead as Lord Lloyd.

Thank you, TD.

Fri, 07/09/2010 - 19:30 | 461457 Mercury
Mercury's picture

Missing: seven stacked windows of Asian porn.  O.K. I'm profiling here, maybe Ben's a simple, honest, totally monogamous family man but...ever notice when you see an Asian female/older white guy couple the guy almost always has a beard.  What's up with that? It's true, seriously, indulge in a bit of empirical fun if you're out on the town this weekend...

Sun, 07/11/2010 - 09:48 | 462984 TheSoloKnight
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where is the helicopter!!!where is the helicopter!!!where is the helicopter!!!

Sun, 07/11/2010 - 17:34 | 463013 velobabe
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.

Sun, 07/11/2010 - 17:34 | 463057 velobabe
velobabe's picture

.

Fri, 07/09/2010 - 15:27 | 461022 capitalist bison
capitalist bison's picture

too funny

Fri, 07/09/2010 - 15:27 | 461027 RobD
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LOL "Burn Bitch"

Fri, 07/09/2010 - 15:28 | 461028 NOTW777
NOTW777's picture

LOL - yes

Fri, 07/09/2010 - 15:31 | 461034 septicshock
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Awesome.  

quick poll, end of world in 6 months or 2 years... a friend of mine and I are debating... not if, just when.

Fri, 07/09/2010 - 15:35 | 461054 Ragnarok
Ragnarok's picture

end of world = $USD loss of reserve status? 18 months.

Fri, 07/09/2010 - 15:37 | 461057 dehdhed
dehdhed's picture

the middle one

Fri, 07/09/2010 - 18:31 | 461363 mikla
mikla's picture

Summer 2012.

Fri, 07/09/2010 - 18:52 | 461393 ATTILA THE WIMP
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2016 for USA when California burns in non-stop food riots

Read "Cicil War Two: The Coming Breakup of America"

Available at America First Books

http://www.amfirstbooks.com/

 

 

Fri, 07/09/2010 - 15:31 | 461036 Traianus Augustus
Traianus Augustus's picture

Excellent.  Laughter is the best medicine.  Next time there needs to be a wallpaper of Rome burning in the background.

Fri, 07/09/2010 - 15:32 | 461039 i.knoknot
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'Buy All' button ... classic

Fri, 07/09/2010 - 15:33 | 461046 septicshock
septicshock's picture

at market, not limit...

Fri, 07/09/2010 - 16:03 | 461107 SWRichmond
SWRichmond's picture

Also, the "Do Nothing" button on the "Policy Options" drop-down is greyed out....absolutely beautiful.

Fri, 07/09/2010 - 17:13 | 461250 VegasBD
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haaaa. didnt see that at first. classic

Fri, 07/09/2010 - 19:05 | 461418 AccreditedEYE
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Let's not forget the all important 3:00 PM reminder chime...

Fri, 07/09/2010 - 15:33 | 461040 Mako
Mako's picture

The money supply chart is completely wrong.  Money supply peaked in 2007, failed to expand exponential in 2008, started collapsing in 2009, and is now collapsing at a NEGATIVE -$808B pace for Q1 2010.

http://www.progressivefix.com/wp-content/uploads/2010/01/2nd-chart.gif

Fri, 07/09/2010 - 15:33 | 461047 schoolsout
schoolsout's picture

when is the last time you laughed?

Fri, 07/09/2010 - 15:36 | 461056 Mako
Mako's picture

I laugh all the time when I come to this blog.  Some of the best comedy is right here.

Fri, 07/09/2010 - 17:24 | 461265 New_Meat
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Comedy has to have a kernel of truth to be good.  Bigger Kernel-->much better than good - Ned

Fri, 07/09/2010 - 15:46 | 461064 Mako
Mako's picture

Also his inflation and hyper-inflation button appears to not be working since neither is occuring.   Someone broke the Wizard of Oz's computer.  He better send out another email warning the Lemmings, "the Helicopters are coming!".

The helicopters button doesn't do anything it just sends out email claiming the Helicopters are coming.  

 

Fri, 07/09/2010 - 15:54 | 461094 pan-the-ist
pan-the-ist's picture

That made me laugh.

Fri, 07/09/2010 - 16:16 | 461144 JohnG
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"Also his inflation and hyper-inflation button appears to not be working since neither is occuring."

 

The dollar has been hyperinflating since 1913; it's already happenning and were just too used to it to see it.  To wit: 1 1913 dollar is now worth 3 cents.  Tell me that's not hyperinflation.

Fri, 07/09/2010 - 17:51 | 461307 count_zero
count_zero's picture

It's not. Do you see any trillion dollar bills?

Fri, 07/09/2010 - 21:34 | 461643 FEDbuster
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Not yet, but there are a bunch of drug dealers who would like to see the $1K bill make a come back.

Most transactions are now electronic (credit and debit cards, electronic bill pay) and some old fashion check writing.

Sat, 07/10/2010 - 03:29 | 461879 GoinFawr
GoinFawr's picture

Heh, Now that's how you boil frogs without them being the wiser: Do it over several generations!

Fri, 07/09/2010 - 16:26 | 461148 B9K9
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I keep telling everyone that both the Fed's monetary & fed.gov's fiscal policies were strictly short-term in nature. When pundits say 'extend & pretend', guess what, it really was about temporarily extending & pretending until the "real" underlying economy began once again experiencing organic growth.

Ben's jawboning helicopter talk was bullshit, nothing more - simply printing money does nothing. Monetarism was/is all about changing perceptions - flood people with enough cash in order to get them to change/revert behavior (ie the 'green shoots' propaganda campaign).

The only chance was 2008. But if $24T (give or take a few Ts) didn't do it 2 years ago, it's over, done. The hail mary pass was incomplete and the clock ran out. It's not the amount, it's the psychology.

Chick Hearn, the late Laker announcer, used to try and call blow outs as early as possible with his "This game's in the refrigerator: the door is closed, the lights are out, the eggs are cooling, the butter's getting hard, and the Jell-O's jigglin'!

Ilargi @ TAE called it a few weeks ago; Mish joined him today with his "That's all folks". Denninger is still hedging, but will probably break within days/weeks with a flat-out declaration.

Drop the Hollywood imagery of drama & suspense. The next decade(s) is just gonna be a grind while we de-lever and work through the malinvestment.

Fri, 07/09/2010 - 16:28 | 461168 Max Hunter
Max Hunter's picture

When the amount of products you produce as a nation continues to go down why services, entitlements, and other government spending continues to go up, you will always have a deficit. That said deficit will not reverse itself by injecting money or hopium..

40 years of trade imbalance will not be fixed by any model that simply moves money around or borrows from the future. We need fundimental changes, not injections.

Americans need a sobering and honest view of our situation, this is the only thing that could bring about the neccessary change.

Love the post.. Laughed really hard.. I'm going to capture that image and use it as wallpaper on my desktop..

Fri, 07/09/2010 - 16:56 | 461227 Mako
Mako's picture

"Ben's jawboning helicopter talk was bullshit, nothing more - simply printing money does nothing. Monetarism was/is all about changing perceptions - flood people with enough cash in order to get them to change/revert behavior (ie the 'green shoots' propaganda campaign)."

100% correct, it's Benny's job to keep the Lemmings marching along until they hit max capacity.  Once you hit max capacity bullshit Helicopter talk does nothing at all but separate the Lemmings that believe in bullshit from the ones that don't.

If someone thinks there hyperinflation going on they need to just tell me where they live and I will be glad to take some worthless paper off their hands.  I will send mucho trucks over.

Sat, 07/10/2010 - 03:30 | 461873 GoinFawr
GoinFawr's picture

<Sigh> Mako who's your favourite entrails reader for quantifying M3? 'Cause, sorry to burst your paper bubble but M1 and M2, which are still being reported, are inflating, despite all the egregious deleveraging going on for the last two years. And even the abracadabra'd 'core' CPI, which does everything it can since the 80's to avoid illuminating any actual price increases in the necessities of existence, is now showing, wait for it: price increases. Last time I checked price increases were a symptom of inflation. Go figure.

To wit:

"Today, the Federal Reserve no longer reports M3, which is unfortunate because it eliminates the possibility of accurate historical comparisons.  M3 is estimated by economists by modeling historic trends.  However, these models become less reliable as we move further from February 2006, the date the Federal Reserve stopped reporting M3.  Eurodollars, a major M3 component, is particularly difficult to model.

In any case, much attention is being given to these private estimates, even though the decline in M3 they are reporting stands in marked contrast to M1 and M2.  The Federal Reserve reports that these two money supply measures have grown 7.1% and 1.7% respectively over the past twelve months.  Thus, by these two measures, the dollar is inflating, i.e., the quantity of dollars is expanding – particularly so for M1 – relative to the available stock of goods and services being produced in today’s depressed economy. 

This inflation is also apparent from market prices.  For example, crude oil prices have more than doubled since their post-Lehman crash low.  More broadly, the price index of 19 commodities compiled by the Commodity Research Bureau is up 46% during this same period, which makes clear there is no deflation. " - James Turk

From: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/7/8_James_Turk_-_Threat_To_The_US_Dollar.html

Oh, and if you want my FIAT, you're welcome to it. I would gladly exchange it for some real money (I assume you would offer a price below spot, just to demonstrate your professed confidence). I'd bet that even you know exactly what I mean by 'real money'.

Regards

Sat, 07/10/2010 - 10:27 | 462059 Mako
Mako's picture

Total credit market debt see FR Z1 report.  You are talking about M1 and M2 and such well those are just a tiny fraction of the system so you are not busting anything.  M1-2 are farts in the wind to the size of the system.  I mean M1 is less than $2T, whoopie do. They system is 35+ times bigger than M1.  Let me see you think all this stuff runs on M1 M2 and M3.  Sorry total credit market debt is $52.1T down from $52.9T, whoops system doesn't run backwards.

The system contracted by $808B from Q1/2009 to Q1/2010, it now stands at $52.1T which  must be serviced, whoops.

"This inflation is also apparent from market prices."

That is not inflation, that is price inflation.  Inflation is negative.

"I'd bet that even you know exactly what I mean by 'real money'"

Real money is whatever two or more people agree to. 

If there is so much fiat, just tell me where to pick it up.  You are setting up a strawman.

Let me know when the Helicopters show up, still waiting.  The fact of the matter is the helicopters were flying for 63 years, they stopped flying in 2007. 

YOu are Ben's favorite type of Lemming, those that believe in Helicopters.

Sat, 07/10/2010 - 20:23 | 462247 GoinFawr
GoinFawr's picture

Speaking of 'strawmen' and 'lemmings': Mako, you want to delude yourself that debt is real money, fine. Good luck with that.  For the sake of argument, I'll run with you and your ilk's dupedom of fantasy:

Firstly, note that I stated that price increases are symptomatic of inflation, capiche?

"The fact of the matter is the helicopters were flying for 63 (er, try 97) years, they stopped flying in 2007"... and a fleet of them took off again with a vengence in late 2008 and have been flying worldwide right up to today; there are more warming up on the pads...

If M1 and M2 are such 'teardrops in the rain', why are they defiantly continuing to increase (inflate) in this supposedly deflationary environment?

Why are prices of necessities rising in this supposedly deflationary environment?

Ans. Deflation for you, because you didn't/will-never see any of the bailout trillions, you just get to lose your job. But the plutocrats get all their FIAT for free (or less), and they are spending it like it's goin' out of style (it is) on hard assets, which will always be in vogue (ie have intrinsic value) and as such are much, much more akin to real money. So, it might not be entering the world economy as credit to the same degree as it was pre-2007, but it's still making it out there. Just not into your wallet. 'Cuz they ain't interested in your desire to borrow anymore cous', they've already got you pinned down nicely with debt, slave. Job done.

"The system stands at $52.1T which must be serviced."  

How do you think it will be serviced? Well, whatever YOU owe, YOU will pay out of anything you happen to have left, with hard assets if necessary (most likely 'preferably'), but what you can't pay will be printed ad infinitum, because we all know who isn't going to lose a single decimal of FIAT under any circumstances.

End of.

 

Fri, 07/09/2010 - 17:37 | 461286 New_Meat
New_Meat's picture

Nice Dog, nice... Fed's monetary...I'll give you a maybe.  FED.GOV Fiscal? Going to orbit, no holding them back.  Especially if the Nov. elections go bad for Dems; Nov-Jan gonna be a feeding frenzy.

There is no ambitious "real underlying" economy;anyone interesting in surviving is pulling in horns and other body/financial parts.  U.S. Economy is being systematically starved (Yes: Stalin and Kulaks {intentional analogy}) with malice aforethought.

If you can find the "conventional" democrat response, good luck.  But there is a lefty revolt coming viz. moonbat votes against the drilling ban.

It is counter-revolution vs. your:

"Drop the Hollywood imagery of drama & suspense. The next decade(s) is just gonna be a grind while we de-lever and work through the malinvestment."

This ain't no workout.

- Ned

Fri, 07/09/2010 - 20:09 | 461515 Clayton Bigsby
Clayton Bigsby's picture

Fuck yeah!  Nice reference on Chickie Baby - Laker hoops was never the same after his retiring/passing

Fri, 07/09/2010 - 16:04 | 461109 faustian bargain
faustian bargain's picture

Your chart only goes to 1960. Show it all the way to 1910, and it'll look a lot more like the one on the desktop picture.

Fri, 07/09/2010 - 16:53 | 461195 Mako
Mako's picture

The chart does not go up like an L in 2008... money supply had been going up 7%+ since 1944 on average.  The chart pictured goes basically vertical in one year and appears to be still going up.  This is not happening, it's actually going down. 

http://wallstreetexaminer.com/forums/uploads/monthly_07_2010/post-5034-1...

This chart doesn't show the destruction now happening basically the $800B+ that vaporized and is continuing.  All you lemmings peaked out in 2007, in 2008 lemmings gave up the fight... 2009 collapse of the money supply started and doesn't appear to be wanting to stop anytime soon.

If you believe inflation to infinity you would be buying anything you can get your hands on right now... let me know how that works out.

I know the "Helicopters are coming!".  I am still waiting, tell Benny to send me over 99 Virgins and 12 pack while he is at to.  No helicopters are coming to save you or anybody else. 

 

Fri, 07/09/2010 - 16:13 | 461134 Cheeky Bastard
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My god; you are a fucking idiot, aren't you ?

Do NOT follow this link or you will be banned from the site!