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Ben is a mad guy. Should be in the hospital for rest of his life.
No, Bernokio is a shifty-eyed goddamn liar (with apologies to Harry S Truman, who used this terminology to describe Tricky Dick Nixon). If his nose grew a foot for every lie he told in the interview excerpt, it would be dragging on the floor.
Bernokio is someone who should be tried for economic treason against the US, convicted, and hanged. And plenty of other banksters should follow him to the gallows.
How can Ben be tried for treason since he was working under direct consent from the other 3 branches of government? When will people begin to realize that the USG was, and has always been, the central player in this saga?
Think 5, 10, 25, 100, 1,000 bankers stood to profit? Try 1, 2, 5 million federal, state & county employees, not to mention the massive welfare program known as the MIC. Wake up! This has always been about preserving the power in which the government had garnered on their own behalf for their own benefit.
But, remember, there isn't any reason to get all worked-up & emotional about these events; tyrannies require vast resources. But the 2nd law (entropy) dictates that diminishing returns doom all efforts. So just kick back and watch as nature bats clean-up.
There is no way to jump start the present economic model without some amazing new energy source. It isn't sufficient to merely have adequate fossil fuel resources for 50, 100, 250+ years. No, what we need is something that can handle a 5-10% CAGR ie that which would cover the Ponzi's accumulated debts. (Including $100+ trillion of promised, but unfunded, future benefits.)
Where is this amazing resource? Sorry, fellas, but it doesn't exist. Ben's little game, played on behalf of those so utterly dependent on his success, was simply a means of extending closing time until maybe a cute chick finally walked through the door.
...no way to jump start the present economic model without some amazing new energy source."...
Unfairness begets chaos.
Treason is treason. Doesn't matter who authorized it.
I'm starting to wonder if Ben is regretting taking the job in the first place. He's just a minion like all of us. He's a front man for someone else.
Oh, I have no doubt he regrets it, but probably got an offer he couldn't refuse...cleverly disguised as fame & fortune & the corridors of power. Poor bastard is stuck now, though, ain't he? Well, I guess he could quit, but sadly those wound as tight as he is usually blow their brains out.
Yup and if he is is right handed he will shoot himself with the left while drowning in a bathtub filled with an inch of water... damn suiciders
Zimbabwe Ben is a g*ddamn Psycho, is what he is. He is worried about the dangers of 'not acting', what, like, bankruptcy? Taking risks, and having those risks backfire should entail some kind of risk/reward. If there is no risk (i.e. TBTF get bailed out) then we are rewarding failure! This encourages fraud! He will destroy the US dollar. We just have to make sure that Ben and his cabal of friends ARE NOT the ones we allow to institute a new currency when this is all over!
A return to Sound Money!
Read our latest PsychoNews story: "Funny Money, Manic Markets, and Obsolete Media"
"Senator Bernie Sanders from Vermont delivered an amazing speech in the Senate on December 2nd that was right on the money in regards to the problems America (and by extension, the world) faces.
"Exxon made $19 billion last year and paid $0 in taxes. They got a refund..." (12 minutes into video)
Sounds like Senator Bernie Sanders has been reading PsychoNews!
A hospital with bars you mean?
Wasnt this the real 60 minutes interview with Ben?
You are right.
Can you see his facial ticks get going. His mouth quivering.
Those are the kind of responses you see from a person who knows its all over but has to "keep up appearances".
Thanks for the good stuff ZH.
A: It doesn’t seem likely that we’ll have a double dip recession
Quote: Sub prime... well contained... NOT
The insufferable, condescending Bob Brinker is predicting spectacular stock market performance based on a 1 - 2 year extension of the Bush tax cuts.
Says the naysaying short sellers have been riding on Don Gibson's "Sea of Heartbreak"..
Interest rates remain at "rock bottom levels"..
About 7 minutes into the broadcast...
Robo - you're getting cryptic on me - I'm getting confused! What do I dooo? Oh, lawdy, what do i dooo?
Bob gave great advice and led many to the land of "critical mass" in normal times, but he is a bit lost now, crisis of 08 caught him completely by surprise...
But he is essentially telling folks the same thing you tell them, which is don't fight the fed, which is good advice...
Hey Robut, where are those futures charts(posted so gloriously on an earlier thread) NOW?
All the more reason to go long COH & GUCG :)
This is the same Mr. Brinker that was bullish all the way from S&P 1550 to 666. ALL the way down.
Did I miss the part where he suggested he may have to do more ?
I thought Ben was going to cry or piss his pants. His lips were trembling. For a man 100% confident... Nice suit though.
i thought he looked a lot worse during the first 60 minutes interview. more composed this time but not wholly confidence-inspiring despite his 100% level.
I noticed that also. He did not have a very strong demeanor.
Anyone else see this?
I didn't pay much attention to what he was saying because I knew I would be able to read / view it again later. I paid attention to his appearance and mannerisms and I am very scared. His lips were quivering, he stuttered on saying "inflation" (I think) and his hair and beard were trimmed to perfection, a well polished turd indeed.
Hey, don't insult Turds...
Hope the public tunes in and realizes this guy is clueless...
LMAO... You're funny
"a recovery that isn't self-sustaining"
let me think about this, in terms of logic....
*looks up what a double-negative is*
isn't a recovery that isn't self-sustaining just doublespeak for
Attempt at logical conclusion detected!
Sending MIB team and Rendition Team ASAP!
ETA 20 minutes.
Glad we caught that one!
An observable absence of absence doesn't quantify an absolute absence of absence, or an implied absence of near or medium term moderation of absence absent quantifiable or qualifiable absenceism - Jean-Claude Trichet's notes on his planned 60 minutes interview
This absence of logic simply cannot be equaled, let alone bettered. So let not his absence of sense be questioned...
Cheers Hedgie & make sure that MIB helicopter is a sky crane for that flying long short bus pick up in Brussels
double plus, good!
errrr, ummm, a negative X (times) a negative is surely a positve
havent you been practicing your CAPTCHA math?
Even Robo has figured that equation out
I'll give it to Ben he sure is not afraid to go into public and tell whoppers. Unemployment is education based? Tell that to the college kids with student loans and no jobs. Buying securities is not money printing,then why not buy ALL Treasuries issued? Hell he probably will at some point and self reference this interview.
I guess can't be surprised. Man lies under oath in Congress and gets away with it, so why the hell not!
Hehe. He was using that to skirt the question about income disparity. He didn't want to talk about 'Trickle Down'.
Exactly. I expected soft journalism, but that was absurd.
Only "trickle down" happening involves Bennie's pantleg . . . and it ain't nothin nice.
Right! He won't take any responsibility for the effects of his policy. That's all Congress's headaches. I just print the bills and count de money, man.
When I heard his response to the income disparity question I got annoyed. The appropriate rebuttal to the dodge should have been "I didn't ask you about unemployment, I asked you about income disparity. Aren't your policies benefiting a small percentage of the population disproportionately?"
That would be journalism... there is a law against that now, isn't there!
Well, calls for assassination are maybe not the law but...
"Unemployment is education based?"
Translation: If you're a blue collar worker who relied on any sort of domestic manufacturing then Ben Bernanke wishes you would just die already and take yourself out of the gene pool because you're not supposed to still be here now goddamit. All you factory workers should have gotten your degrees of the University of Phoenix online and invented a new Facebook app already. Fuck you if you didn't. It's not Ben Bernanke's fault your can't feed your family anymore. Sorry.
"Buying securities is not money printing"
This one really confused me. He seems to still be stuck on the previous QE where they just increased bank reserves which technically didn't show up in M2. But not anymore. Every dollar he buys of US Treasuries show up in M2. Right? I mean he creates money out of thin air, buys US Treasury Debt and allows the production of Food Stamps which can be taken down to the Walmart to purchase real goods. Am I right here? What am I missing. Did Ben Bernanke just fucking lie on national television?
He didn't "lie"
He didn't "print" the money he "created" the money by adding numbers digitally here and there.
lol exactly! that bugged me too. benny's arguing semantics there. the reporter should have asked where did those $600B come from? they need to do a follow up report where we can send in questions for them to ask the bankster.
Any bartender would have done a better interview with or without the barnacle
I know a person holding a > $200k jobs without a college education. Lets call him Oddball. Well Mr Oddball says that you can't look at simple statistics to determine the ability for one to succeed in business. Many of those that do not attend college and graduate are not because they are uneducated, instead it is because they may be uneducatable. Or they may have financial problems preventing a college education. Or they may have family situations that require more attention (think mentally ill sibling) than what they'd be able to do when attending college.
Mr Oddball had no reason not to finish college. He just decided that it wasn't right for him and went on his marry way doing other things in life and striving for what he wanted to accomplish. What does Mr Oddball think about Ben Bernanke's comment?
"Bullshit. The guy is a clear psychopath with no grasp on the basic statistics of formal education and employment. He should assign some of the statistical turds down on Maiden Lane to write a paper with a really complex title revealing how ignorant he is. But psychopaths don't use logic to make decisions."
My best friend makes a great living without a degree, because he has a marketable skill. He routinely busts on me for not making as much as him even thought I got my "education" at a sanctioned American school.
Ben is dancing. My take away on that phrase is "Go back to school and take on student loan debt". Problem is everyone graduates eventually or amass so much debt that even Uncle Sugar thinks you are a bad risk. Again I know people 200k+ in for student loans without any real job prospects. Might come out and be lucky to get 30k a year.
I don't want him either :)
The whole problem with Ben Bernanke and the banks is that banks should not be taking risks. Prudent underwriting means good collateral, borrower's equity, and personal liability against the borrower. Bankers were happy to play games before because they didn't get stuck with the hot potato. Now that they are being forced to take on underwriting risk, they are not going to make these poor loans.
Yeah it seems now that the moral hazard issue is no longer academic and TBTF has been enshrined by the Fed and the Feds they have cold feet and want to take their ball home. Crazy banksters!
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