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Congratulations Ben Bernanke!

Tyler Durden's picture




 

Dear Chairman, Congratulations on Time's Top Tick of your career. With a 79% disapproval rating, you are now one of the lest deserving Men of the Year.

Some other candidates for lest deserving include Adolf Hitler:

Joseph Stalin:

Nikita Khrushchev

Ayatullah Khomeini

 

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Wed, 12/16/2009 - 09:53 | 165765 FLETCH
FLETCH's picture

Long live the Empire of Debt and Monetaristic Slavery!!!

Wed, 12/16/2009 - 11:33 | 165917 I need more asshats
I need more asshats's picture

Helicopters vouchers for everybody!

Wed, 12/16/2009 - 17:55 | 166551 knukles
knukles's picture

Ya'll notice Ben the Red joins the other proposed recipients, all hailing from left wing national socialist leanings, each looked upon by their sycophants as the Messiah? 

Dear, oh dear, how the evil do procreate. 

Wed, 12/16/2009 - 22:13 | 166931 ED
ED's picture

Aint nothing but a marketing trick. The more rags they sell, the more covers Mrs B (Ben mom) gets to scissor and slip into his acheivements file.

Wed, 12/16/2009 - 09:54 | 165767 Dixie Normous
Dixie Normous's picture

Maybe Time is trying to be controversial so that their circulation will reach a full 1% of the population.

Wed, 12/16/2009 - 09:55 | 165768 CB
CB's picture

well, Bernanke's in good company isn't he?

Wed, 12/16/2009 - 10:00 | 165776 johnnyBoy
johnnyBoy's picture

Don't forget Hitler made the list!

Wed, 12/16/2009 - 10:06 | 165789 E pluribus unum
E pluribus unum's picture

Be afraid of Men of the Year with facial hair - be very afraid

Wed, 12/16/2009 - 10:30 | 165832 johnnyBoy
johnnyBoy's picture

oops!  Hitler didn't make the list, only was considered.  I have that long nose for a reason.

Wed, 12/16/2009 - 11:48 | 165933 ChanceIs
ChanceIs's picture

Correct me if I am wrong, but the Time Magazine "Man of the Year" is not awarded to the person most significantly beneficiant.  An example of this stance would be the Nobel for Barack Obama - except Time looks backwards as opposed to the Nobel Committee which looks forwards.  Most people think Time embraces the beneficence in the rear view. Time recognizes he/she who most influenced events or the course of history.   Genhgis Kahn was awarded the Man of the Millenium back in 2000.  Kahn might not have been a nice guy but he had an impact.

I believe that Bernanke will be seen to have influenced events, but this won't be evident until the real crash occurs in 2010.

Who had an immediate impact this year???  Its hard to tell.  This year really hasn't been that dramatic.  A mountian of decisions have been made which will make 2010 interesting - Afghan war, European bank collapse, state finance collapse, etc. 

I would vote for Philadelphia Phillies pitcher, Perdro Martinesz who declared his own significance and then lost the World Series for Philadelphis.

Wed, 12/16/2009 - 13:24 | 166061 CB
CB's picture

Time Mag <---- mouthpiece of gov't

Wed, 12/16/2009 - 09:57 | 165771 CB
CB's picture

My husband just said, upon hearing ZH's depiction of Ben & friends, "It's more depressing than funny."

I'm laughing.  I've got the sick sense of humor in this household.

Wed, 12/16/2009 - 11:31 | 165912 WaterWings
WaterWings's picture

No kidding. Tyler's space monkeys are churning out some quality stuff.

Wed, 12/16/2009 - 13:36 | 166080 WaterWings
WaterWings's picture

Holy ****!

I just spent some time wading around in 'real news' world...I thought it was a joke only ZH could come up with. Unfreakingbelievable!

Wed, 12/16/2009 - 09:57 | 165772 Chumly
Chumly's picture

Congratulations to ZB!!

Wed, 12/16/2009 - 10:02 | 165782 Screwball
Screwball's picture

He should be rewarded by not being confirmed. 

Wed, 12/16/2009 - 10:04 | 165784 TraderMark
TraderMark's picture

The helicopter was missing on the cover... a shame.

Anyhow if you missed the Jim Chanos interview on CNBC, talking banks, autos, and his disregard for the data out of China (short commodities)

http://www.fundmymutualfund.com/2009/12/cnbc-video-noted-hedge-fund-mave...

Meanwhile, we eagerly await the Man of the Year's blessing of free money (almost) forever at 2:15 PM

Wed, 12/16/2009 - 10:27 | 165824 AN0NYM0US
Wed, 12/16/2009 - 11:43 | 165930 tip e. canoe
tip e. canoe's picture

and people wonder why the president is out there pimpin fiberglass.

ChimericO is china times 1000

Wed, 12/16/2009 - 11:55 | 165940 Ripped Chunk
Ripped Chunk's picture

Sensational headline. You should write for Time.

Wed, 12/16/2009 - 10:05 | 165785 Anonymous
Anonymous's picture

I'd love to chat but I gots-ta get back to pickin' some mo cotton. Gots-ta chase dat inflation yessa...

Wed, 12/16/2009 - 10:05 | 165786 SayTabserb
SayTabserb's picture

It's not exactly an "award," is it?  More like a recognition of influence on current events. And in that respect, the Bernankster is certainly more influential than Obama. He who decides how the American money supply is deployed controls everything, right up till the moment when it all slips out of control and we go down the chute. But what could be more "consequential" than that, short of one of the Four Horsemen making an appearance?

Wed, 12/16/2009 - 10:05 | 165787 dead hobo
dead hobo's picture

Wall paper for a vomitorium.

Wed, 12/16/2009 - 10:24 | 165822 Cursive
Cursive's picture

@dead hobo

You made it over from TBP?  Glad to read you here.

Wed, 12/16/2009 - 11:16 | 165895 dead hobo
dead hobo's picture

Thank you. I never posted much here previously because it was so easy to get lost among the other comments. At TBP, I stood out and sometimes people made comments that I interpreted as "they really like reading my stuff."

I stopped posting regularly at TBP for a couple of reasons. As I wrote a couple weeks ago, I convinced an elderly relative to cash out of a huge number of funds that a manager had put a smallish six figure life savings into. The manager was reluctant, primarily, I suspect, to keep a 2% management fee coming in. If this cash vanished in another collapse, I would have to start supporting the relative. To that point, the manager had done well for my elderly relative.

I sent BR a couple of back channel emails asking for advice on how to handle it. He never responded to either. That pissed me off. I contributed to his success on a daily basis and he couldn't even offer advice on how to handle the situation. I suspect his expansion into new markets for FusionIQ is conflicting him, and now wonder if he is a much bigger part of the machine he used to rail against. A little conflict of interest is OK with me. To me it looked like the game there had changed. I may post there again from time to time, but never again on a regular basis.

Wed, 12/16/2009 - 10:07 | 165790 10044
10044's picture

Does anyone buy Time anymore? Lol!

Wed, 12/16/2009 - 10:09 | 165793 aint no fortuna...
aint no fortunate son's picture

79% disapproval rating isn't the number to worry about - the number 60 is all that matters - 60 gutless senators lining their pockets with bank lobby $$ once they vote him back to finish his destruction of the middle class.

Wed, 12/16/2009 - 10:10 | 165796 I need more cowbell
I need more cowbell's picture

And Timmy is "Boy of the Year"

Wed, 12/16/2009 - 10:12 | 165797 tinfoilhat
tinfoilhat's picture

It's good to see the propaganda arm of the CFR is still able to tickle the appropriate media outlets at the appropriate time.  After all, it's a dangerous time for the favorite money laundering organization for the Powers That Be (tm).  I haven't laughed so hard since TurboTax Timmy made People's Hottest 100 Studs list.

 

Wed, 12/16/2009 - 10:14 | 165804 Cognitive Dissonance
Cognitive Dissonance's picture

You took the words out of my mouth. Surprise, Bernanke is up for a Congressional vote on Thursday, audit the Fed it gaining steam, etc. Time for a little "independent" media to ring the bell. 

Wed, 12/16/2009 - 10:11 | 165799 Anonymous
Anonymous's picture

If anyone in the populous believes America's news is not just propaganda, then I have a 100% LTV loan to sell them with a HELOC of an additional 10% above LTV. I'll also throw in no closing costs with only 2 points yield spread.

Wed, 12/16/2009 - 11:07 | 165883 Anonymous
Anonymous's picture

Can I take that loan out from you?....although I can't promise I will be paying it back

Wed, 12/16/2009 - 13:41 | 166088 Dr. Richard Head
Dr. Richard Head's picture

Sure thing.  I have a warehouse LOC and will just be selling it to local municipalities after you sign on the dotted line.  I could care less if you pay for it.  I just need the transaction fees ya know.

 

Wed, 12/16/2009 - 10:14 | 165803 Cap
Cap's picture

As sure a sign of a market top as there is ...

Wed, 12/16/2009 - 10:55 | 165866 Gordon Freeman
Gordon Freeman's picture

Ding, ding, ding!!  We have a winner!!

Wed, 12/16/2009 - 16:03 | 166365 Anonymous
Anonymous's picture

Definitely a winner!

Wed, 12/16/2009 - 10:16 | 165806 SteveNYC
SteveNYC's picture

This will look good when we are using the dollar as toilet paper in a decade or so.....

Wed, 12/16/2009 - 10:18 | 165809 Miles Kendig
Miles Kendig's picture

Someone should put down a carpet of condoms for Ben as a sort of Cecil B. DeMille salute.

Wed, 12/16/2009 - 10:18 | 165811 Anonymous
Anonymous's picture

I would rather someone like was on the cover

http://www.youtube.com/watch?v=h8TRXJ0SHm4

Wed, 12/16/2009 - 10:19 | 165812 Cognitive Dissonance
Cognitive Dissonance's picture

BTW, why does no one (in the mainstream press, academia, public etc) question the whole premise of Time's "Man of the Year" process and even the title? The qualifications are so broad (for better of worse) that it is not much more than a propaganda piece.

Wait, maybe that's what it is!

Wed, 12/16/2009 - 10:20 | 165814 spades434
spades434's picture

Obama - Peace Prize

Bernanke- Man of Year

and just announced:

Blankfein- Humanitarian Award, for doing "God's" work

Wed, 12/16/2009 - 10:25 | 165827 10044
10044's picture

Awesome!

Wed, 12/16/2009 - 11:56 | 165922 WaterWings
WaterWings's picture

Obama: Guns and Ammo Salesman of the Year

Bernanke: Precious Metals Salesman of the Year

Blankfein: Consolation Prize from Forbes:

In honor of the modesty of his pronouncement, we lift him to the celestial height of No. 1 on our list of CEO outrages of 2009.

http://www.forbes.com/2009/11/25/ceo-outrages-shame-leadership-ceonetwor...

Wed, 12/16/2009 - 19:20 | 166698 Apocalypse Now
Apocalypse Now's picture

Good man, well done

Wed, 12/16/2009 - 10:20 | 165816 koaj
koaj's picture

in a close second, Steve Liesman

Wed, 12/16/2009 - 10:20 | 165817 curbyourrisk
curbyourrisk's picture

Can we get a global boycot of Time Magazine...  Seriously, I did not even know they were still making that magazine!

Wed, 12/16/2009 - 12:38 | 166002 WaterWings
WaterWings's picture

They're trying to get a bailout, too. All their lifetime subscribers have either given up the ghost or watching Glenn Beck now.

Wed, 12/16/2009 - 10:23 | 165820 Anonymous
Anonymous's picture

TIME used to claim this was about the person who most influenced world events during the past years (for good or bad). Hilter is in that group too, btw (twice!).

But in 2001, they couldn't bring themselves to give to OBL.

In any case, it ain't a popularity contest.

Wed, 12/16/2009 - 10:28 | 165831 BoeingSpaceliner797
BoeingSpaceliner797's picture

ZH/Marla/Tyler:

 

Future poll suggestion

 

Which is the most disingenuous/laughable:

a)  Barack Hussein Obama's 2009 Nobel Peace Prize

b)  Benjamin Shalom Bernanke's recognition by Time magazine as its 2009 person of the year

c)   The November 2009 employment report from the BLS

d)  most disingenuous/laughable award/recognition/report/act of 2009 has not yet occurred.

Wed, 12/16/2009 - 10:35 | 165843 Anonymous
Anonymous's picture

d) should be "all of the above"

Wed, 12/16/2009 - 11:09 | 165888 Anonymous
Anonymous's picture

e) all of the above

Wed, 12/16/2009 - 10:31 | 165834 Racer
Racer's picture

Just goes to show what a farce all this is

Obama wins Nobel peace prix

and now Heli Ben gets person of the year? What for how many times he could say well contained or there are no bubbles and keep a straight face?

Wed, 12/16/2009 - 10:31 | 165836 Anonymous
Anonymous's picture

Man you guys really went to town on this one!

Wed, 12/16/2009 - 10:33 | 165838 virgilcaine
virgilcaine's picture

Certainly a Fascist looking pose and background.. ala 1930.

Wed, 12/16/2009 - 10:33 | 165839 the bohemian
the bohemian's picture

what a fucking joke

Wed, 12/16/2009 - 10:34 | 165841 Ben_the_Bald
Ben_the_Bald's picture

"You" was person of the year in 2006. And look what happened in 2007 and 2008.

Wed, 12/16/2009 - 10:37 | 165845 Verum
Verum's picture

TIME magazine described him as "a fanatic whose judgements are harsh, reasoning bizzare and conclusions surreal" Ok so that was for Ayatullah Khomeini, but those comments might be better suited for Bernanke.

Wed, 12/16/2009 - 10:37 | 165847 Anonymous
Anonymous's picture

Not only is Time the most legitimate and trusted magazine at the forefront of Journalistic integrity, they also have their thumb on the pulse of every single American.

Best part? "But the main reason Ben Shalom Bernanke is TIME's Person of the Year for 2009 is that he is the most important player guiding the world's most important economy."

So, Time uses the same criteria for picking their most important person that my high school cheerleader squad used to pick the prom decoration committee.

Skilled Experience, Fortitude, and Integrity are marginalized to make room for Status, Rhetoric, and the promise of Pseudo-Academic Mutual Masturbation.

Hey, at least the Cheerleaders have a product to sell.

Where's your school spirit?

Wed, 12/16/2009 - 12:04 | 165949 MaldelBot
MaldelBot's picture

Are you being sarcastic in stating the TIME is not completely zeitgeist appropriate? Well good sir or madam, i do believe that the upcoming issue on 'Sexting: America's greatest epidemic, ever' shall make you eat your words. 

Wed, 12/16/2009 - 10:38 | 165849 lsbumblebee
lsbumblebee's picture

I haven't been this choked up since O'Bomber won the peace prize.

Looks like the Ministry of Truth wants Boobus Americanus to understand that Ben saved the world.

Wed, 12/16/2009 - 10:38 | 165850 Anonymous
Anonymous's picture

Dear God! Sell! Sell! Sell!

Wed, 12/16/2009 - 11:10 | 165889 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Luv that!

Wed, 12/16/2009 - 13:42 | 166091 WaterWings
WaterWings's picture

!!!

Joke of the Week!

Wed, 12/16/2009 - 10:49 | 165861 Anonymous
Anonymous's picture

Connecting the dots - Time owned by Time Warner. Former CEO and director, Dick Parsons, an Obama adviser. Obama wants Uncle Ben reconfirmed. Nuff said.

Thu, 12/17/2009 - 01:40 | 167120 TumblingDice
TumblingDice's picture

If only we can simplify this so the average american can understand.

Wed, 12/16/2009 - 10:55 | 165865 fiasco
fiasco's picture

what's wrong with khomeini

he liberate iran from the natural slave shah-a

the iranians grow-a poor under shah-a as the wealth of the nation was exported to the west.

just like-a you now-a getting poor-a

you need a khomeini but fuck off the religion and that's-a problem-a because-a you can't-a motivate-a the stupido masses without ideology

 

 

Wed, 12/16/2009 - 11:01 | 165873 Anonymous
Anonymous's picture

The powers that be are laughing at us peasants, between ben being time man of the year, obamanation accepting a nobel peace price after extending and pretending on the occupation of iraq and afgan, and Citi paying no taxes, I think its pretty clear they are shoving this crap in our face with total and complete arogance...

Wed, 12/16/2009 - 11:02 | 165876 CB
CB's picture

btw. does Time need a bailout or something?

Wed, 12/16/2009 - 11:04 | 165878 Anonymous
Anonymous's picture

Tipster of the year goes to James Cramer. Booyah!

Wed, 12/16/2009 - 11:09 | 165886 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Yup. Bernanke "person of the year" Obama "nobel prize".

 

makes perfect sense to me.

 

and the propaganda machine we call American Pravda grinds on.

 

Ps- Hey gubermint people reading this--ya jumped the shark at the nobel prize!

PSS- many thanks to Time magazine whose "recession is over" article from a year ago woke me the frak up and made me realize MSM was fucking farce.

Wed, 12/16/2009 - 11:08 | 165887 primus
primus's picture

This has to be good news. I mean, even if the economy is laid out on a slab, at least the Fed will be holding hands with CNBS to 'strike upbeat note on economy'

http://finance.yahoo.com/news/Fed-to-strike-upbeat-note-on-apf-2095398868.html?x=0&sec=topStories&pos=2&asset=&ccode=

Wed, 12/16/2009 - 11:17 | 165897 wgpitts
wgpitts's picture

It is the same oligarchs that are benefiting and amassing great fortunes from Barnanke's policies of looting the treasury and the nation's resources...this is an official statement of endorsement from the Time Warner CFR traitors, nothing less...
http://www.youtube.com/watch?v=SxTr-vMHLFk&feature=related

Wed, 12/16/2009 - 11:20 | 165898 AnonymousMonetarist
AnonymousMonetarist's picture

Crime man of the year...

Oh, we just avoided a Great Depression!

Yeah in the sense that the wealth equalization that occurs through creative destruction after a boom setting the stage for prudent capital allocation and organic income growth has been replaced by a balls-to-the-wall casino marketplace and an approaching tax redistribution that will eviscerate the middle class.

Yea beer!

Wed, 12/16/2009 - 11:47 | 165931 tip e. canoe
tip e. canoe's picture

dolla dolla ben y'all

Wed, 12/16/2009 - 11:23 | 165901 Anonymous
Anonymous's picture

SHALOM!

Wed, 12/16/2009 - 11:24 | 165904 Anonymous
Anonymous's picture

how about the American Taxpayer as "Chump of the Year"

Wed, 12/16/2009 - 11:51 | 165938 Anonymous
Anonymous's picture

Ben you may be the man of the year, but Lloyd still says you are his bitch. Congrats on both.

Wed, 12/16/2009 - 14:30 | 166179 MaldelBot
MaldelBot's picture

Quite. And as they have approved gay marriage in DC....

 

Doesn't Ben Shalom Antoinette Blankfein have a beautiful ring to it?

Wed, 12/16/2009 - 11:54 | 165939 MaldelBot
MaldelBot's picture

Congratulations to Ben "I can't even predict the past!" Bernanke. One's again, TIME is completely zeitgeist appropriate. 

His beard looks really good in the picture. 

 

Wed, 12/16/2009 - 12:02 | 165948 Anonymous
Anonymous's picture

Not to be pedantic, but I think it should be: leAst and not lest?

Wed, 12/16/2009 - 12:04 | 165950 GS is short Gold
GS is short Gold's picture

The obvious question- how did Greenspan get overlooked his whole career?

Thu, 12/17/2009 - 01:42 | 167122 TumblingDice
TumblingDice's picture

Probably because his re-appointment was never in jeopardy.

Wed, 12/16/2009 - 12:15 | 165965 Ripped Chunk
Ripped Chunk's picture

I would have posted sooner but I was vomiting for 3 hours.

US corporate owned media is a propaganda machine that would make Goebbels proud. He is looking up and smiling.

Wed, 12/16/2009 - 12:28 | 165986 bigdad06
bigdad06's picture

YOU HAVE GOT TO BE BULL%&*#$@#& ME!!!! THIS IS CRAZY!!! WHY DON"T WE JUST GIVE HIM A NOBEL PEACE PRIZE AS WELL, I HEAR THEY ARE GIVING THEM OUT LIKE CANDY NOWADAYS!!!! BASTARDS!!!

Wed, 12/16/2009 - 13:14 | 166046 Art Vandelay
Art Vandelay's picture

"I'll take 'Evil Dictators with Facial Hair' for $2,000 , Alex."

Wed, 12/16/2009 - 13:17 | 166051 Anonymous
Anonymous's picture

In a related story, Proctor & Gambler announced a new and improved toilet tissue in the image of the dollar with a portrait of Ben. The US Mint is said to be in the running as a supplier of debased paper. The new campaign slogan will be "no butty will be left behind."

In other news, Bailout Ben said it was time we provided financial assistance for newspapers and magazines with circulation under 1000. In asking for another $250B, the program will also provide training vouchers for the many high school graduates who still read at a third grade level.

Wed, 12/16/2009 - 13:42 | 166090 Andrei Vyshinsky
Andrei Vyshinsky's picture

Here again the ruling class extolling both one of its own and one of its heros. Most plaudits for Bernanke these days come from the same people that laud Obama's "well reasoned" speech the other day committing 30,000 more poor white kids from the rural South to Afghanistan. You know, these are the folks that always are decrying "partisanship" as though there were actually political parties in this country different enough to be partisan.

Just got done listening to the Diane Rhems Show on PBS in which she interviewed some war-mongering book promoter from the New Yorker. Asked why it was that Barak Obama's campaign promise of "change" had turned into a rerun of the Bush era, the author avered that oh, indeed, there has been been change, its just that its been somehow concealed and is in the process of fermentation! I see. One immediately suspects in a case like this a need for a more efficacious emetic.

Wed, 12/16/2009 - 16:57 | 166241 Objective Soul
Objective Soul's picture

Perhaps a pre-emptive "Farewell" consolidation prize and thank you for taking the flak, before the replacement decision is known ?

Wed, 12/16/2009 - 15:03 | 166248 JR
JR's picture

Time‘s operative word here is “we.”

Time magazine (I can write the article without reading it) says “we” were near financial disaster and it took courage and someone willing to take chances, to push ahead, to save the US from the worst disaster since the Great Depression.  And with all sides wringing their hands it was one man who stood and pushed for the policies that saved us, not only the financial sector but the entire American economy, from financial oblivion.

Introducing Ben Bernanke--Time’s Man of the Year.

It’s appropriate, however, to see this partnership of the establishment media and the financial industry exhibited by Time for what it is.  Propaganda.  In one instance, Time is claiming its cover selection to be recognition of historical impact for good or ill (Stalin); but in another instance is giving away its real purpose, i.e., lauding the accomplishments of Bernanke as any typical, wholly-owned establishment media would do.

Bernanke's economic legacy to the American people can be summed up in a U.S. News headline this week: How to Live Happily on 75 Percent Less. Says U.S. News, “The Great Recession--which is technically over, economists insist--may be morphing into a broader epoch: the Great Humbling. Millions of Americans who felt prosperous just a few years ago are now coping with long-term unemployment, sharp cutbacks in living standards, foreclosure, bankruptcy, and a deep sense of failure. That could persist for years.”

Perhaps that is why--even though Time’s Man of the Year allegedly has solved our problems and pulled us out from the brink of disaster--he has a 79 percent disapproval rating among the people.  It is not because people are believing Time magazine.  It is because they are disbelieving Time magazine.

Obviously, an accurate description for Time’s Man of the Year is that he is a direct puppet of the bankers, that it was record excesses by the private Fed banking cartel in taking public money for its own benefit and engaging in financial fraud that has destroyed the reputation and use of the dollar as an expression for exchange-value in terms of money. The one man who personifies the actions of this cartel is Ben Bernanke.

Wed, 12/16/2009 - 15:41 | 166318 Mark Beck
Mark Beck's picture

TIME

Justin Fox interview with Peter Schiff, and in TIME's words, his extreme views; 

http://www.time.com/time/video/player/0,32068,24027567001_1900517,00.html

Katherine Lanpher video on the Federal Reserve.

http://www.time.com/time/video/player/0,32068,57544286001_1948059,00.html

----------

Video Comments:

Justin Fox says "Fed main job = preserving the value of the dollar". I found this very interesting. But, what was more interesting was the way Katherine described the FED as some mystical, god like temple, undecipherable to all but the high priests at the Federal Reserve. In addition, they can also create money through debt. Wow.

To Justin:

The FED's written mandate, and by way of action, is not to protect the dollar. The FED does not have all of the tools needed to protect the dollar. To protect the currency, fiscal policy must be sound, and the FED has no direct influence over fiscal policy. More importantly, the FED programs over the past 18 months or so, have greatly debased our currency. 

To Katherine:

Learning about the FED is not all the difficult. Start by learning about each one of their functions. The most interesting to me are Banking regulation and FOMC. Once you learn the basics, then ask yourself does the FED actually have the tools and/or the inclination, to do its primary objectives of Full Employment and Price Stability?

I think what you will find is the FED has one priority, and that is to act on behalf of its member banks. Basically, this takes the form of interest rates, credit and other forms of liquidity. With the sole purpose of enriching the banks, at the expense of the american people.

Mark Beck

Wed, 12/16/2009 - 16:45 | 166432 SaulRosenberg
SaulRosenberg's picture

He should be man of the DECADE! Saved us singlehandedly from the fire of obvious depression. Starting us on the road to another 25 year bull run.  One day, you will all be looking back on this and saying "You know what, I once was blind but now I see." 

Wed, 12/16/2009 - 18:16 | 166581 JR
JR's picture

No doubt, that will "one day" be true as history will write it.  For as Ambrose Bierce put it in The Devil's Dictionary:

FOOL, n.   A person who pervades the domain of intellectual speculation and diffuses himself through the channels of moral activity.  He is omnific, omniform, omipercipient, omniscient, omnipotent.  He it was who invented letters, printing, the railroad, the steamboat, the telegraph, the platitude and the circle of the sciences.  He created patriotism and taught the nations war -- founded theology, philosophy, law, medicine and Chicago.  He established monarchical and republican government.  He is from everlasting to everlasting – such as creation’s dawn beheld he fooleth now.  In the morning of time he sang upon primitive hills, and in the noonday of existence headed the procession of being.  His grandmotherly hand has warmly tucked in the set sun of civilization, and in the twilight he prepares Man’s evening meal of milk-and-morality and turns down the covers of the universal grave.  And after the rest of us shall have retired for the night of eternal oblivion he will sit up to write a history of human civilization. A. Bierce

Wed, 12/16/2009 - 18:51 | 166559 Apocalypse Now
Apocalypse Now's picture

We all know Tyler Durden is the real man of the year.

Picture Tyler Durden holding a bar of pure gold (like the poster with the pink soap and fight club words carved in it) but instead of fight club - Truth).  This is the antithesis to the picture of BB surrounded by paper dollars.

 

Wed, 12/16/2009 - 18:02 | 166567 gossamer
gossamer's picture

The latest word on Fraud Street is that Ben will be receiving Max Keiser's "Financial Terrorist of the Year" award.  It's going to be a busy banquet agenda for our beloved Bankster-In-Chief.

Congratulations Ben!

Wed, 12/16/2009 - 18:21 | 166586 sgt_doom
sgt_doom's picture

Hmmmm....?

Ben SHALOM Bernanke?  BARACK Obama?

Geez....we've really been BLESSED!

Sorry for the linquistics joke, but between Barry the Bankster and Ben the Bankster's Best Friend, what else can you say?

Wed, 12/16/2009 - 21:10 | 166858 Anonymous
Anonymous's picture

I don't think Hitler was a bad choice for Time magazines Person of the Year award. Unlike Bernanke, Hitler's economic policy was good for all Germans, and it was a roaring success. I think an in depth treatment of the economic policies of National Socialist Germany would provide answers for virtually any country that has experienced a downturn in their own economy. But you may have to stave off being invaded by a banker controlled nation.

woody

Wed, 12/16/2009 - 23:51 | 167041 Jim ODonnell
Jim ODonnell's picture

Since it is that season of the year we should all lift our hearts and voices in praise that Chairman of the Federal Reserve Board Ben Bernanke has been named Time Magazine Man of the Year for 2009.

 

We should all pray hard that next year he will also be bestowed with the Nobel Prize for Economics. My entire person just quivers at this thought. The award will be totally in keeping with the Nobel Committee’s recent awards. Why just a few days ago the President of the United States, Barrack Obama, accepted his Nobel Peace Prize while the podium from which he ordered new war making upon Afghanistan was still warm. O Blessed Be O Nobel Committee.

 

But to be awarded the prized medal for Economic Excellence will surely be the top of his fine career. Hosanna, hosanna, Gloria in excelsis Deo, be still my pounding heart. This act will surely bring praise upon the Nobel Committee who have recently made such awards to persons who are unable to identify a valid economic theory even as one was biting a chunk out of their ass.

 

But to be named Time Magazine Man of the Year for 2009 does enter Ben Bernanke into the pantheon of other famous individuals like Adolf Hitler in 1938 and Joseph Stalin in 1939 a perfect back to back exacta. Although these previous winners still lead Ben Bernanke by a mile in the categories of monstrosity and murder, our glorious Ben has already beaten them both hands down in the category of wealth destruction but to be fair not on an inflation adjusted [ha] basis since the 1940’s.

 

However, to be completely fair to both Stalin and Hitler, Bernanke is still in office and it is possible that the implimentation of his economic theories could be the major cause of World War III. In this event Ben could easily surpass both of them in the number killed especially if nuclear weapons are employed. Can we but only dream?

Thu, 12/17/2009 - 09:07 | 167260 Anonymous
Sun, 12/20/2009 - 09:18 | 170330 Bruer
Bruer's picture

Notice they do not allow comments on their prime-rate propaganda spaces, at Time magazine. If you are a lobbying contingent and you want your propaganda to run without comments, it costs double. To which our tax payer funds also goes to support.

Alternative titles:
Well Financed Damage Control - c/o Taxpayer Funds, By Michael Grunwald

The Most Expensive Propaganda Space in Print, 2009 By Michael Grunwald

How Much to Pressure the Senate to Approve the Wrong Person for the Job, By Michael Grunwald

Even Homer Gives us Grand Portraits of Blind Cyclopians, By Michael Grunwald

Sun, 12/20/2009 - 09:32 | 170333 Bruer
Bruer's picture

I see Goldman Sachs running the propaganda machines at super high RPMs, trying to save Bernanke’s reputation (which has suffered greatly in the last several quarters). GS must have overhauled and got a larger motor. Probably bought it from one of the de-commissioned aircraft carriers. Old nuclear powered “Shaft” Drive-unit. More toxins on the way…

O look and in side by side markets with the high speed trade engines driving up the market. “Bernanke man of da Year”

Say nothing of material changes in accounting. A few metrics changes and tweaks along the way.

Why its a Magnificent and Inviting bull market. I am surprised they don’t have Abbey Cohen featured here in Time, making it on with a white colored bull on the edge of the hudson river. Drawing correlations with past recessions in history, circa 402a.d. Crete, what happens after your central banker helps the King avoid a near-economic-disaster.

Sun, 12/20/2009 - 15:05 | 170471 Anonymous
Anonymous's picture

Obama stimulats Israeli Defense Stock
Just like the last time Obama announced the decision to send more troops to Afghanistan the market has reacted and sent spectronix ever higher.

Spectronix investors are anticipating more orders and buying the stock like crazy since Obama's decision to send more troop is the beginning of December.

http://millitarystocks.blogspot.com/2009/12/obama-stimulats-israeli-defe...

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