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Feeling Vindictive? Here Is Your Chance To Bet Bernanke's Printing Career Will End Before December 31, 2011

Tyler Durden's picture




 

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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Thu, 04/28/2011 - 11:38 | 1216153 depression
depression's picture

Princeton Bitchezz !!!

Thu, 04/28/2011 - 12:12 | 1216356 Hedgetard55
Hedgetard55's picture

Also Harvard and MIT, bitchez!

 

If Ben goes, the tipping point might have been when Glenn Beck likened him to Old Man Potter.

Thu, 04/28/2011 - 12:14 | 1216381 Jay Gould Esq.
Jay Gould Esq.'s picture

Who would want this job -- particularly at this point in the cycle ? Jabba Summers ?

http://images.cheezburger.com/completestore/2009/10/10/12899671657278255...

Thu, 04/28/2011 - 14:18 | 1216994 What does it al...
What does it all mean's picture

Huh, accoring to ZH, buy silver.

Thu, 04/28/2011 - 15:16 | 1217236 Id fight Gandhi
Id fight Gandhi's picture

Always opt for the double stitching.

Thu, 04/28/2011 - 11:39 | 1216160 Janice
Janice's picture

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?

Thu, 04/28/2011 - 13:51 | 1216884 Hugh_Jorgan
Hugh_Jorgan's picture

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?

Thu, 04/28/2011 - 18:40 | 1218251 BigJim
BigJim's picture

The Bernank is just doing his master's bidding - bearded, bald, white, black, whatever... whoever gets the job next will do the same thing.

Thu, 04/28/2011 - 11:42 | 1216163 SWRichmond
SWRichmond's picture

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.

Thu, 04/28/2011 - 13:07 | 1216672 kentfinance
kentfinance's picture

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.

Fri, 04/29/2011 - 09:24 | 1220017 SWRichmond
SWRichmond's picture

I disagree on several counts.

  1. Bernanke is a pointy-headed academic and, as such, is the perfect useful idiot.  He was chosen for his dogmatic views and his undying faith in the central banking / fiat currency model.  He doesn't need to read the morning memo; he can be counted on to follow the plan because he believes in it and will continue to believe in it right up until he is sacked, and then afterwards as well.  He is doing what others want done, but believes he is doing it because he thinks it's the right thing to do.  Bernanke is not the man behind the curtain.  He was simply chosen to reliably do a job.
  2. If he is an insider then he knows better than to write a tell-all memoir.  If he is rather what I think he is then he wouldn't write one anyway.
Thu, 04/28/2011 - 15:51 | 1217384 rufusbird
rufusbird's picture

To save face, I think he will be kicked upstairs to the head of the IMF...

Thu, 04/28/2011 - 17:33 | 1217981 schizo321437
schizo321437's picture

  "I think the administration wanted to put a face on the blame for high gas prices. "

 

Why the hell could I not see that?

Thu, 04/28/2011 - 11:42 | 1216177 JailBank
JailBank's picture

The Captain must go down with the ship.

Thu, 04/28/2011 - 11:53 | 1216252 Long-John-Silver
Long-John-Silver's picture

Pirates would hang failed Captains from the Yard Arm before voting for a new Captain.

Thu, 04/28/2011 - 11:42 | 1216178 Drag Racer
Drag Racer's picture

O'bamaha needs to cash in his fall guy insurance for the upcoming election.

Fri, 04/29/2011 - 00:23 | 1219251 StychoKiller
StychoKiller's picture

Won't matter -- if the Great Implosion happens before the election, Obamatron goes up in a blaze!

Thu, 04/28/2011 - 11:45 | 1216181 MonkeySmoke
MonkeySmoke's picture

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.

Thu, 04/28/2011 - 11:44 | 1216183 slewie the pi-rat
slewie the pi-rat's picture

slewie to short 13 trillion chairzelbub ETF!

Thu, 04/28/2011 - 11:44 | 1216190 cowdiddly
cowdiddly's picture

Isnt the Printasaurus Rex appointted by the Prez?

Thu, 04/28/2011 - 13:04 | 1216659 Cash_is_Trash
Cash_is_Trash's picture

It doesn't matter whose in the hot seat; if you're Keynesian and ignore the inflation, you're hired!

Thu, 04/28/2011 - 11:47 | 1216198 TruthInSunshine
TruthInSunshine's picture

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.

Thu, 04/28/2011 - 13:34 | 1216815 NotApplicable
NotApplicable's picture

You forgot, "back-stopped with a TARP."

Thu, 04/28/2011 - 11:45 | 1216200 EvlTheCat
EvlTheCat's picture

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>

Thu, 04/28/2011 - 11:49 | 1216212 slewie the pi-rat
slewie the pi-rat's picture

i'll short the puts, too

Thu, 04/28/2011 - 12:11 | 1216360 TruthInSunshine
TruthInSunshine's picture

I knew that you would short the puts, but will you short the Putz?

Thu, 04/28/2011 - 19:59 | 1218450 slewie the pi-rat
slewie the pi-rat's picture

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!

Thu, 04/28/2011 - 12:04 | 1216278 slewie the pi-rat
slewie the pi-rat's picture

so 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.

Thu, 04/28/2011 - 11:52 | 1216244 TrustWho
TrustWho's picture

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.

Fri, 04/29/2011 - 00:02 | 1219207 New World Chaos
New World Chaos's picture

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

Thu, 04/28/2011 - 11:52 | 1216245 Village Smithy
Village Smithy's picture

Mark Zandi, you make me laugh..and cry..and gag..every day. Thanks.

Thu, 04/28/2011 - 15:21 | 1217251 Id fight Gandhi
Id fight Gandhi's picture

He's not part of the tribe, how can he get the job?

Thu, 04/28/2011 - 11:53 | 1216248 slaughterer
slaughterer's picture

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.

Thu, 04/28/2011 - 12:02 | 1216289 TrustWho
TrustWho's picture

...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. 

Thu, 04/28/2011 - 11:56 | 1216256 Seasmoke
Seasmoke's picture

i will max all my credit cards balances to the limit on this and he can bail me out if he stays

Thu, 04/28/2011 - 11:59 | 1216285 plocequ1
plocequ1's picture

Spare me your click bait. Bernanke will be here, There will be QE10 and i will be dead. 

Thu, 04/28/2011 - 12:04 | 1216305 Hephasteus
Hephasteus's picture

Damn you stock market casino. Every time people think they can get out. You suck them back in!!

Thu, 04/28/2011 - 12:04 | 1216308 digalert
digalert's picture

Agree, the Bernank will be thrown under the bus...don't get excited because he'll be replaced by Jeethner.

Thu, 04/28/2011 - 12:14 | 1216366 TruthInSunshine
TruthInSunshine's picture

Ron Insana or Dennis Kneale will replace The Bernank.

Gotta keep it real.

Thu, 04/28/2011 - 12:15 | 1216387 gwar5
gwar5's picture

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. 

 

Thu, 04/28/2011 - 12:24 | 1216435 New American Re...
New American Revolution's picture

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?

Thu, 04/28/2011 - 12:28 | 1216457 AccreditedEYE
AccreditedEYE's picture

We wonder how long before Goldman securitizes this InTrade contract and sells the equity tranche to idiot European and Korean money managers...

+1  lol

Thu, 04/28/2011 - 12:29 | 1216460 Problem Is
Problem Is's picture

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!

Thu, 04/28/2011 - 12:34 | 1216488 highwaytoserfdom
highwaytoserfdom's picture

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. 

Thu, 04/28/2011 - 12:47 | 1216565 disabledvet
disabledvet's picture

"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!"

Thu, 04/28/2011 - 12:53 | 1216599 tmosley
tmosley's picture

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.

Thu, 04/28/2011 - 13:01 | 1216649 monopoly
monopoly's picture

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.

Thu, 04/28/2011 - 13:02 | 1216652 Destinapp
Destinapp's picture

About half of todays's POMO was just issued bonds.

Who the heck is going to buy them in July?

Thu, 04/28/2011 - 13:16 | 1216724 Dez Rodgee
Dez Rodgee's picture

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.

Thu, 04/28/2011 - 13:27 | 1216779 DarkAgeAhead
DarkAgeAhead's picture

For other bets, go to longbets.org.

And check out how Buffet's bet is coming

Thu, 04/28/2011 - 13:38 | 1216826 NotApplicable
NotApplicable's picture

Meh, which puppet is on stage is wholly immaterial.

Thu, 04/28/2011 - 13:38 | 1216837 mirac
mirac's picture

What are the odds of ASS asination?

Thu, 04/28/2011 - 14:47 | 1217107 AldoHux_IV
AldoHux_IV's picture

I'd prefer to see the odds on the fed being dissolved in the next 1-3years.

Thu, 04/28/2011 - 16:34 | 1217613 boiltherich
boiltherich's picture

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?

:)

Thu, 04/28/2011 - 17:12 | 1217870 alexanderstollznow
alexanderstollznow's picture

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. 

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