Guest Post: Bernanke's Press Conference, August 1, 2012

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Thu, 04/28/2011 - 12:21 | 1216409 lolmao500
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And then one of the journalist had a plastic gun hidden on him and shot Bernanke. Bernanke was pronounced dead at the scene. The police escorted the shooter out and he was heard screaming SILVER BITCHEZ!

Thu, 04/28/2011 - 13:16 | 1216722 boiltherich
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LOLotfpm (laugh out loud on the floor pissing myself)

Thu, 04/28/2011 - 12:22 | 1216416 gwar5
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Spot on. Exactly.

Increasing demand for removal of The Bernank and the Federal Reserve System is moving into serious backwardation.

Thu, 04/28/2011 - 12:22 | 1216418 TruthInSunshine
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Washington D.C. (including the burbs in Maryland & Virginia, chock full of government employees and contractors) and Manhatttan - two of the biggest welfare states/districts the world has ever known.

TBTF Frausters in Manattan & 10-4 Clock & Paper Pusher in D.C. and the corridor.

Thu, 04/28/2011 - 12:43 | 1216543 SoNH80
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Two ends of the same cloaca, with Bawlmore and Philly in between.  Blech.

Thu, 04/28/2011 - 12:20 | 1216420 Jason T
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Can't wait.

Thu, 04/28/2011 - 12:20 | 1216421 Rusty Shorts
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well Shiver me Timbers

Thu, 04/28/2011 - 12:21 | 1216429 Quintus
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"Long-term Treasury yields shot up to 18% as the market absorbed the possibility that once in office, Mr, Trump would pursue bankruptcy as a national policy. "

Help me out here.  How would this be different from current national policy?

Thu, 04/28/2011 - 12:28 | 1216471 Gubbmint Cheese
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Trump's hair is funnier to look at..



Thu, 04/28/2011 - 12:27 | 1216469 redpill
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Well, if we are going to declare bankruptcy, Trump would be by far the most qualified for the position given his broad portfolio of experience in the matter.

Thu, 04/28/2011 - 12:35 | 1216487 LawsofPhysics
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+ a trillion trump dollars!!!  Spot on, this guy inherited everything and in, inflation-adjusted, dollars he has lost money.  His father was the smart one, he is an idiot.

Thu, 04/28/2011 - 12:39 | 1216525 SoNH80
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Yep, according to his auto-bio, Trump was given hundreds of thousands of pre-1971 dollars by his old man when he turned 21, "to get a start".

Thu, 04/28/2011 - 12:35 | 1216491 Shameful
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I think he should campaign on that "Look everyone knows America is bankrupt in every possible meaning in the world.  Look at the field, no one has the level of experience in handling bankruptcy like me.  I promise if elected to guide this great nation through it's bankruptcy proceeding and televise it in reality show format"

Thu, 04/28/2011 - 12:33 | 1216497 LawsofPhysics
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Wow, that may just work,  who would he run with?

Thu, 04/28/2011 - 12:45 | 1216549 Long-John-Silver
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Alfred E Newman

Thu, 04/28/2011 - 12:58 | 1216637 redpill
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I can see the bumper stickers now.  What, me worry?  I've got the Trump card!

Thu, 04/28/2011 - 12:30 | 1216473 HUGE_Gamma
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Short with confidence

Thu, 04/28/2011 - 15:55 | 1217426 Zero Govt
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the West is long on banking and political parasites 

...and short manufacturing

...i fancy chicken farming while this shit plays out to its predictible end

Thu, 04/28/2011 - 12:36 | 1216496 treasurefish
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Check out the bearish wedge forming on MUB.

Thu, 04/28/2011 - 12:35 | 1216504 Fox-Scully
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Not impressed! Quotes a price of gasoline, but no mention of the price of Gold or Silver.

Thu, 04/28/2011 - 12:46 | 1216557 Long-John-Silver
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Gold and Silver have gone to infinity and thus become priceless.

Thu, 04/28/2011 - 12:35 | 1216506 MrBoompi
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The people who have saved for decades and don't want to gamble in a manipulated stock market thank you VERY FUCKING MUCH for giving us .25% interest rates, you asshole.

Thu, 04/28/2011 - 12:53 | 1216596 lynnybee
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The people who have saved for decades and don't want to gamble in a manipulated stock market thank you VERY FUCKING MUCH for giving us .25% interest rates ..    that's it !!  that's correct !!! & they are doing it on purpose.    there is a concerted effort to implement policy that will "nudge" people to just die early & then, all that is left are the younger generation.   The "oldsters" still have memory left of the way things should be...... money that has value, money that earns interest in a basic savings account.   

Remember the words of my Grandma Jo (born 1915, god rest her soul) :    Never trust the government & do not go into the stock market .    she learned her lessons from the Great Depression

Thu, 04/28/2011 - 13:43 | 1216858 OS2010
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Thu, 04/28/2011 - 12:47 | 1216529 tawdzilla
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8/1/2012  The Chairman announces a new program called Demand Strengthening (DS1) which will essentially dump FRN's on front lawns across the country.  A second program called Price Controls (PC1) is scheduled to roll out on 1/2/2013.  These programs should temporarily enable consumers to deal with the transitory inflation (caused by QE4.) 

Thu, 04/28/2011 - 13:28 | 1216788 boiltherich
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If it has to happen then let it start with your disabled vets who have not had a COLA increase in the third year now, because as we all know there has been no inflation since 2008.  I would not object to my drastically reduced standard of living if the bankers and politicians were being hit equally hard, or they just stopped treating us like idiots who cannot figure out just how screwed we really are, but in this end game blow off kleptocratic disaster I simply refuse to go quietly into the darkness while the top 1% brazenly feather their estates with dynastic wealth. 

By the way, I thought China already owned most of CA and was trying to get rid of it.

Thu, 04/28/2011 - 12:41 | 1216537 tom
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But the reality is that Germany is outpacing the US despite the weakening dollar.

Thu, 04/28/2011 - 13:43 | 1216852 malek
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Yes, Germany is doing the mercantilist approach just like China.
However, most of the countries Germany is exporting to can only pay with colored pieces of paper (often lent to them by German banks), as they have/produce not enough the Germans want to buy. And this money has mainly been used to prop up the German pension system (equivalent to US Social Security), not so much to keep infrastructure in shape, for the last 20 years at least.
China on the other hand got industries built up in their own country by foreigners in exchange for their goods. So for a long while that was a really good trade for them, now coming to an end though.

Thu, 04/28/2011 - 12:48 | 1216560 lynnybee
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....luv Charles Hugh Smith articles, luv the photo of the macaw .   macaws are extremely intelligent & great talkers ! 

Thu, 04/28/2011 - 12:56 | 1216625 willien1derland
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Unlike Bernanke & Geithner who are extremely devious & constant liars...

Thu, 04/28/2011 - 15:15 | 1217218 Ruffcut
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Compulsive liars. Also repulsive.

Thu, 04/28/2011 - 15:13 | 1217219 Ruffcut
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Compulsive liars. Also repulsive.

Thu, 04/28/2011 - 13:21 | 1216732 samsara
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Yes,  but to have really done it right it should have been

SQUAWK   (as in SQUAWKbox)



Thu, 04/28/2011 - 16:09 | 1217494 boiltherich
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Parrot picked up a list from the chairsatan.

Thu, 04/28/2011 - 15:41 | 1217342 masterinchancery
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And Macaws don't need teleprompters, they can ad lib.

Thu, 04/28/2011 - 12:47 | 1216572 Übermensch
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Don't understand all the hate towards Ben... He's only following orders from the wizard behind the curtain.

Thu, 04/28/2011 - 12:57 | 1216626 lolmao500
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What about Ben grows a pair and tell his masters to suck it?

Thu, 04/28/2011 - 13:40 | 1216845 optimator
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Ben?  "I vos ohny following orders".

Judge:  That plea didn't work well in Nüremberg either.

Thu, 04/28/2011 - 12:49 | 1216574 knukles
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 So, the Bernak has been hiding out with the Bwiti, learning about Ibo?  Makes sense, 'cause he does in fact look like something of a Pygmy who it is said were the pioneers in the Ibogaine business.
And might be primarily for the Conspiracy Theorists, but how is it that his aides so readily identified the symptoms of Ibogaine overdose?  
"Stocks are up!  Bwakkkk! Stocks are up"  

"Progress led by confusion boats, mutiny form stern to bow..." 

Thu, 04/28/2011 - 13:18 | 1216717 samsara
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Yes, but we were all so much older then,  we're younger than that now.....

Thu, 04/28/2011 - 12:52 | 1216589 MayIMommaDogFac...
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It's the plumber.  He's come to fix the sink.  WRAWK!

Thu, 04/28/2011 - 12:57 | 1216615 willien1derland
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Nice +10

Thu, 04/28/2011 - 12:54 | 1216609 shushup
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Very Funny(and sadly coming true). Enjoyed it.

Thu, 04/28/2011 - 12:59 | 1216610 willien1derland
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8/1/2012 - CNBC - Steve Liesman reports that Timothy Geithner has accepted the Intuit CEO job as he feels particularly qualified for the role having been a Turbo Tax user for all these years - In a surprise nomination President Obama, sporting Donald Trump's hairstyle, put forth the name of Mark Zandi for Treasury Secretary indicating that Bo the family dog really likes Mark & is aligned with his economic policies -Please note that the COMEX has modified the Gold quotation system to support exponential notation...

Thu, 04/28/2011 - 13:03 | 1216642 tamboo
tamboo's picture

like hillary (nee rodsky) said we cant make all drugs legal,
too much money at stake. any drug that can end addiction
is the most illegal of all.

Thu, 04/28/2011 - 13:10 | 1216689 Pez
Pez's picture

What will Skull and Bones steal after the US Treasury and Social Security?

Thu, 04/28/2011 - 13:30 | 1216797 boiltherich
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Your kids!

Thu, 04/28/2011 - 13:49 | 1216883 OS2010
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Ever hear of the "Department of Education"?  Becoming less funny, it seems.

Thu, 04/28/2011 - 13:16 | 1216704 Truthiness
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I prefer it when CHS writes thougtful analysis instead of this garbage. It's easy to pretend to predict future outcomes, but he does this at the risk of undermining his own credibility. Stick to the high road, CHS. 

Thu, 04/28/2011 - 13:18 | 1216720 Cash_is_Trash
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Funny-ass piece.

The man just won't quit, he just won't... Until the top 0.1% own 99% of U.S. assets.

Which are debt-laden...

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