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Feeling Vindictive? Here Is Your Chance To Bet Bernanke's Printing Career Will End Before December 31, 2011
Feeling like the economy is not the only thing that has taken a dump for the worse? Harboring a nagging suspicion that the Chairman's chances to continue presiding over the free world with a Hewlett Packardian fist may have taken a bit of a hit, and his Wall Street overlords are starting to consider pulling a Hudsucker Proxy and replacing him with Mark Zandi? If so, InTrade has you covered. As of today, you have the chance to bet that the mutant second coming of Rudolph von Havenstein and Gideon Gono will be shown the door, either voluntarily or not, by the end of 2011. In some ways this is perfect way to hedge one's precious metal, stock market, and rates bets, since the entire fate of capital markets continues to rest squarely on the Chairman's shoulders. We wonder how long before Goldman securitizes this InTrade contract and sells the equity tranche to idiot European and Korean money managers...
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Princeton Bitchezz !!!
Also Harvard and MIT, bitchez!
If Ben goes, the tipping point might have been when Glenn Beck likened him to Old Man Potter.
Who would want this job -- particularly at this point in the cycle ? Jabba Summers ?
http://images.cheezburger.com/completestore/2009/10/10/12899671657278255...
Huh, accoring to ZH, buy silver.
Always opt for the double stitching.
He'll still be there. Who wants to preside over this fiasco. No one wants to take his place. How's that for job security?
So... You're saying that there are no radical globlist bankers/economists that are willing to help destroy the US Monetary system and suck up a fat salary while they did it?
The Bernank is just doing his master's bidding - bearded, bald, white, black, whatever... whoever gets the job next will do the same thing.
I think Bernanke's out. I think the press conference made that clear. I think the administration wanted to put a face on the blame for high gas prices. I'm not going to call the timing, but the press conference was the beginning of the end for Bernanke. He will probably stay in long enough for the bulk of the currency destruction to play out and then be replaced by someone who will get the credit for stopping it (a new Volcker; "See! Central Bankers are smart after all!"); if this is the case, then it is sooner rather than later.
The one thing that cannot be allowed is the failure of the credibility of the central banking model.
if he wants to go he'll go and if he wants to stay he'll stay
he holds the ultimate MARD card - think of the damage some candid memoirs could do in DC and Wall St.
I disagree on several counts.
To save face, I think he will be kicked upstairs to the head of the IMF...
"I think the administration wanted to put a face on the blame for high gas prices. "
Why the hell could I not see that?
The Captain must go down with the ship.
Pirates would hang failed Captains from the Yard Arm before voting for a new Captain.
O'bamaha needs to cash in his fall guy insurance for the upcoming election.
Won't matter -- if the Great Implosion happens before the election, Obamatron goes up in a blaze!
He will preside over the fed as long as his boss allows him to. They--the elitist--may not have figured out who will replace the bernak at this time. The "press conference", in my opinion, went as planned and there is a shit storm brewing in the background, that will create billions or trillions for the bankster criminals and the bernak. The reason the silver and gold markets are doing well is because we keep BTFD's, and that, to date, can not be regulated.
slewie to short 13 trillion chairzelbub ETF!
Isnt the Printasaurus Rex appointted by the Prez?
It doesn't matter whose in the hot seat; if you're Keynesian and ignore the inflation, you're hired!
Goldman has the inside scoop on Bernank's mortality odds as a lock, and they've created a 10,000,000x leveraged CDS and bought 100,000,000 contracts with AIG.
You forgot, "back-stopped with a TARP."
People haven't learned. If they have a trading spot for such an event the event is already decided and someone is just making money on the sheep. Plus I thought gambling was illegal? </sarc>
i'll short the puts, too
I knew that you would short the puts, but will you short the Putz?
no. but i've lost track of them. did some one sell the japanese putzmeiseteRz that hadn't been built yet? and now, the parts are back-ordered from japan? those back-orders are the basis of the new economy! just in time, too!
Ben Bernanke's Amazing Forecasting Record: Video Compilationso what if he missed the housing bubble and likes to throw the digital outa helicopters & the batmobile, with tubo jets roaring, thruout gotham?
he's a fabulous bankster.
a fabulous, expendable bankster.
Too late...does not matter. The dollar is in the oven and will be cooked soon. Hell, Daddy Bernanke could not even remove the "extended period" language. The funny fact is Al Qaeda won! Our responses were so stupid. Historians will have fun writing the story.
Everything, including our stupidity, was brilliantly executed by the puppetmasters. Bernake, Obama, Bush, the Iraq war, our insipid media, our failed schools, our toxic diet, and even Al Qaeda are all their creations. America stands in the way of world domination and so we must be utterly destroyed (while making a tidy profit, of course). They have admitted as much. Unfortunately, the puppetmasters write the history too. "He who controls the past controls the future, and he who controls the present controls the past." -Orwell
Mark Zandi, you make me laugh..and cry..and gag..every day. Thanks.
He's not part of the tribe, how can he get the job?
I will sell the calls on 20X leverage on this one. Bernanke will be here, greyer, more wrinkled, and more shaky, come end of 2011, with a brand new, shiny $900b QE3 for all of us.
...he was nervous. at least he is not a robot bit is a stupid professor who thinks he knows more about the great depression than everyone else. My guess, the great depression folks handled the situation better than Daddy Bernanke.
i will max all my credit cards balances to the limit on this and he can bail me out if he stays
Spare me your click bait. Bernanke will be here, There will be QE10 and i will be dead.
Damn you stock market casino. Every time people think they can get out. You suck them back in!!
Agree, the Bernank will be thrown under the bus...don't get excited because he'll be replaced by Jeethner.
Ron Insana or Dennis Kneale will replace The Bernank.
Gotta keep it real.
It's another head fake and trial balloon for scapegoating The Bernank. TPTB want to pretend they care so they don't wind up on pitchforks. They're all the same and it won't matter.
If Ron Paul endorsed somebody It might get off the lounge chair.
Hey,... this is monopoly money.... GET ME VEGAS ON THE LINE!!! I'll buy calls on Baranke's demise, but I'd pay up for something that goes to the 4rd qtr 2012 range. For that bet I'd go in for 4 to 1. For 2011 I'd have to get some solid odds like at least 20 to one. But if Vegas doesn't have a window for political and government bets they are missing the boat, and given the economy I can't believe they're going to let this honey pit go unaddressed for too much longer. I hope this rings a few bells there in Vegas and Caesar's Palace puts something together. If not, what's Lloyds got going?
We wonder how long before Goldman securitizes this InTrade contract and sells the equity tranche to idiot European and Korean money managers...
+1 lol
Let's see... The Bernank's daddy didn't hire Obummer's mommy to the CIA front Ford Foundation way back when like Timmay Jeethner's daddy Peter did...
Plus Timmay hasn't finished his 2009 tax return yet... So I don't expect Timmah to be packing anytime soon...
So yes, I will bet 1 of my 1oz Silver Maple Leafs (Leaves?) The Bernank is toast by Hanukkah 2011!
Hey easy on Princton bitches... Brown bitches invented FICO lending on what you can lever and borrow and not on what you can pay back.
"but, but...I'm a goldbug too! I'm ChairSatan! I thought you and I were in this together?!!!!" Sir--"your railcar is ready to...wisk you away!"
You don't change horses in mid stream.
Even if your horse is made from lead and chained to your ankle.
Also, you're actually skydiving.
The fear is going to be the loss of the ankle. No-one with the power to pull the rip cord will see the ground coming until it is too late.
Bernank out. Not so sure, although I would welcome that. I thought Geithner would be out to when the rest of the rats abandoned the SS Obama. But, he is still there, taking his cues from the Giant Squid and moving Obama around just the way he wants to. What a waste Geithner is.
About half of todays's POMO was just issued bonds.
Who the heck is going to buy them in July?
Are you shitting me. Of course he will still be the Fed Chairman. The powers that be love those who bow at their feet and do as their told. I give someone 10 to 1 odds in silver that he will still be in.
For other bets, go to longbets.org.
And check out how Buffet's bet is coming
Meh, which puppet is on stage is wholly immaterial.
What are the odds of ASS asination?
I'd prefer to see the odds on the fed being dissolved in the next 1-3years.
In case you all have not been paying attention employment is rising, unemployment is falling, the economy is growing, and there is no inflation, thanks to the ChairSatan we avoided a greater depression and all is well, house sales are up, consumer spending is up, the Dow is up, and thanks to quality leadership the government is finally serious about deficit spending! With all this success why would anybody in their right mind want to get rid of one of the most valuable partners in our recovery?
:)
Bernanke will unquestionably be reappointed. He was the obvious choice before Greenspan retired on the basis of his expertise.
Even if was replaced, NO successor would be doing anything differently.