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Transcript And Word Cloud Of The FOMC's "Historic" First Ever Media Pantomime

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Wed, 04/27/2011 - 16:27 | 1213420 tekhneek
tekhneek's picture

Pathetic. I'd rather watch carebears than that staged/scripted bullshit ever again.

"Mr. Bernanke, would you agree that unicorns have glow in the dark boners, and their girth varies dependent on the time of year and proximity to your ever-so-glorious asshole?"

Wed, 04/27/2011 - 16:30 | 1213439 Long-John-Silver
Long-John-Silver's picture

I wish he had talked longer. Did you see what he did to Gold and Silver?

Gold hit another all time high and Silver may take out the Hunt Brothers high tonight sometime.

Wed, 04/27/2011 - 16:37 | 1213479 tekhneek
tekhneek's picture

I could've sworn silver hit $49.79 and broke the Hunt brothers $49.45?


Am I wrong? I saw gold and silver take off though, but whatever, you and me both know this shit's far from being over.

Wed, 04/27/2011 - 16:54 | 1213572 tmosley
tmosley's picture

High daily close, but not an all time daily high, which was $49.45.  The interday all time high was $50.35, IIRC.

Wed, 04/27/2011 - 17:02 | 1213608 tekhneek
tekhneek's picture


Seen this lately tmoz? 73.30 and falling...

Thu, 04/28/2011 - 00:09 | 1214823 tiger7905
tiger7905's picture

72.95 now. Being one with significant bullion exposure, I have to ask the question, "All in favor of Bernanke giving a speech tomorrow say aiy?" Too bad we'll have to wait weeks for another press conference, these should become a weekly event and we could get gold/silver over $2000/$100 in no time. http://goldandsilverlinings.com/?p=832

Thu, 04/28/2011 - 01:12 | 1214898 rocker
rocker's picture

The pitiful thing is pathetic Steve never had his question answered as asked.  Chess Game did not get a laugh either.

Wed, 04/27/2011 - 18:26 | 1213918 Population Bubble
Population Bubble's picture

You worry about the wrong things, silly ant. The warming in the Arctic has reached incredible levels and is likely to have already triggered the "Methane Gun".

And no, I will not offer to kill myself, but I will take your offer to kill yourself if you promise to take other sheeple and some industrial infrastructure with you.



Wed, 04/27/2011 - 16:35 | 1213482 malusDiaz
malusDiaz's picture

Here is the "Interpreted Fed Speech":  http://www.youtube.com/watch?v=xpcUxwpOQ_A&feature=youtu.be


(Hat tip to a fellow ZHer!)

Wed, 04/27/2011 - 18:19 | 1213898 High Plains Drifter
High Plains Drifter's picture

did he say anything earth shattering?  heck it sounded like he was sitting in the conference room talking to congress.  very boring.  why have a special media event for this?   i sat there waiting and waiting......blah blah blah.....


it is funny they were showing gold and silver spot prices more often than they usually do.  its a new world......


then lies man gets on his knees and kisses some serious ass.......good grief.......

Wed, 04/27/2011 - 16:28 | 1213442 the mad hatter
the mad hatter's picture

back in the old days, a mob with pitchforks would have dragged old bernie out on the street and held their own "Q&A session"


but alas, we live in times of infinidistractions- celebrity news, facebook, and iPadz that keep the population tame.

Wed, 04/27/2011 - 17:03 | 1213618 Spastica Rex
Spastica Rex's picture

I would have watched but I was frantically searching teh interwebs trying to find out if Obama's birth certificate really should have had an embossed stamp on it or not.



Wed, 04/27/2011 - 17:30 | 1213721 snakeboat
snakeboat's picture

Heh - Teh Karl is flipping out too... http://market-ticker.org/akcs-www?post=185094

Wed, 04/27/2011 - 17:39 | 1213763 oncebitten
Wed, 04/27/2011 - 16:38 | 1213500 willien1derland
willien1derland's picture

Your question should be posed at the next FOMC meeting - would be the only reasonable question asked - +10 - truly pathetic

Wed, 04/27/2011 - 16:56 | 1213582 Vesica Pisces
Vesica Pisces's picture

Cliff Notes version of the speech:

The Fed will continue to monetize the debt we currently hold as far into the future as it takes to screw you, your children, and your great grandchildren; however, we are putting Congress on notice that we will not, I repeat NOT, monetize any new debt Congress creates going forward. (Or maybe we will when you're all not looking.)

Wed, 04/27/2011 - 17:02 | 1213609 LaLiLuLeLo
LaLiLuLeLo's picture

All the king's horses and all the king's men

Couldn't put Humpty together again

Wed, 04/27/2011 - 17:00 | 1213614 LaLiLuLeLo
LaLiLuLeLo's picture

All the king's horses and all the king's men

Couldn't put Humpty together again

Wed, 04/27/2011 - 17:23 | 1213697 Pegasus Muse
Pegasus Muse's picture

The last couple of days the ScribD documents are unreadable.  It looks like ScribD doesn't have the right font and just shows a bunch of squares for letters? 

What is the fix for this problem?

Wed, 04/27/2011 - 17:56 | 1213815 theopco
theopco's picture

- it's proabaly your browser

Wed, 04/27/2011 - 16:25 | 1213422 baby_BLYTHE
baby_BLYTHE's picture

Ben is an idiot

Wed, 04/27/2011 - 16:36 | 1213483 willien1derland
willien1derland's picture

Agreed Blythe - what was frightening was his lack of shame - he lies too easily - despite the nerves he displayed - The AUDACITY of BEN - HOW DARE HE MENTION a STRONG USD - If he were Pinocchio his nose would have grown so quickly that it would have torn his skin off! What a disgrace he is...No better reason to End the Fed -

Wed, 04/27/2011 - 16:57 | 1213599 baby_BLYTHE
baby_BLYTHE's picture

But didn't you know??? It's the Treasury's role to protect the value of the dollar!

alright Ben, since you insist, we will just go ahead and default on every Treasury you've monitized and not pay a lick of interest to you and your PD buddies!

Ron Paul explained to Cramer how we don't owe the FED any interest and Jimmy almost drop on the floor in fear!


Wed, 04/27/2011 - 17:05 | 1213630 Spastica Rex
Spastica Rex's picture

But didn't you know??? It's the Treasury's role to protect the value of the dollar!*



* Insofar as existing elite wealth is protected. Some restrictions may apply.

Wed, 04/27/2011 - 17:25 | 1213714 Henry Chinaski
Henry Chinaski's picture

Ben is an idiot

Yes, but he sure can talk some shit.  And he took a lot more than 20 questions; 28 by my count.  Give that man a Nobel prize.

Wed, 04/27/2011 - 17:36 | 1213749 EvlTheCat
EvlTheCat's picture

The Nobel Peace prize is already priced into QE3.

Wed, 04/27/2011 - 18:18 | 1213891 NotApplicable
NotApplicable's picture

"Heck of a job, Bennie!"

Wed, 04/27/2011 - 16:28 | 1213426 Bear
Bear's picture

No more QE after June ... very bullish ... go figure

Wed, 04/27/2011 - 16:30 | 1213455 SelfGov
SelfGov's picture

What did he say that leads one to believe there will be no more QE after June?

Wed, 04/27/2011 - 16:36 | 1213489 Bear
Bear's picture

He said no more bond purchases ... I think organized, regular POMOs (600B) created the stream of consistent juice flow

Wed, 04/27/2011 - 16:43 | 1213513 willien1derland
willien1derland's picture

Absolutely Bear & NO ONE...I mean NOT ONE 'reporter' asked about the Fed' version of 'Flip this Bond' (POMO) - Free Press my a$$ - Wall Street...K Street, where the hell are the terrorists when you REALLY need them?!

Wed, 04/27/2011 - 17:40 | 1213767 EvlTheCat
EvlTheCat's picture

They are threatening NOT to blow up the debt ceiling! Didn't you hear?!?

Wed, 04/27/2011 - 16:45 | 1213542 SelfGov
SelfGov's picture

Where?  He didn't even mention the word "bond."

He said he would "complete" the $600bln but didn't specifically say that purchases would stop.

Unless I'm blind/dumb and just missed it...

Wed, 04/27/2011 - 16:53 | 1213569 Bear
Bear's picture

I believe the 'regularity' of the purchases provided a floor under the market (equities) since participants knew (know) when each is coming. I think the data will bear this out. I don't believe for a minute that they will not continue to buy bonds, but without the regularity, I think more volitility and even an ocassional slide will be on the way 

Wed, 04/27/2011 - 16:56 | 1213595 SelfGov
SelfGov's picture

I understand now thanks :)

Wed, 04/27/2011 - 16:37 | 1213496 duncecap rack
duncecap rack's picture

I was thinking that way too.

Another thing I am beginning to think is that the euro is about to take a hit. That would explain Ben being so uninterested in the question about the dollar. If he knew Greece was going to announce a restucturing or something after the hit the yen is taking there really would not be a reason to worry about the dollar.

Wed, 04/27/2011 - 18:41 | 1213958 Fred Hayek
Fred Hayek's picture

Of course, that might just inspire massive new european buying of precious metals which will make the prices rise and the dollar look bad just the same.

Wed, 04/27/2011 - 16:28 | 1213433 Eireann go Brach
Eireann go Brach's picture

Dear Ben, did you know that if you removed your beard you would look like a heroin addict! Maybe that explains your quivering speech

Wed, 04/27/2011 - 16:27 | 1213440 outamyeffinway
outamyeffinway's picture

QE3 cometh.

Wed, 04/27/2011 - 16:29 | 1213448 NotAllowed
NotAllowed's picture

Exactly, hence gold and silvers moves, just gonna call it something else.

Wed, 04/27/2011 - 16:30 | 1213452 Long-John-Silver
Long-John-Silver's picture

DXY headed to zero, and no one cares.

Wed, 04/27/2011 - 16:28 | 1213443 akak
akak's picture

Allow me to summarize Ben Bankruptke's little kabuki theater of a press conference:

"Here, Ben, catch this marshmallow!"

Wed, 04/27/2011 - 16:44 | 1213532 Bay of Pigs
Bay of Pigs's picture

Listening to him twist and torture words I was thinking this is nothing but "verbal diarrhea".

Wed, 04/27/2011 - 16:59 | 1213605 akak
akak's picture

Oh look, how cute --- I got "junked' by Ben and Timmay!

I always knew you guys read ZeroHedge!

Wed, 04/27/2011 - 17:08 | 1213642 Shell Game
Shell Game's picture

lol!  +2

Wed, 04/27/2011 - 16:31 | 1213444 weenus
weenus's picture


this was actually the PERFECT presser...perfect...



Wed, 04/27/2011 - 16:29 | 1213446 weltvermesser
weltvermesser's picture

who need journalists. you can`t eat them, or can you?

Wed, 04/27/2011 - 16:34 | 1213462 Long-John-Silver
Long-John-Silver's picture

Don't eat the brain or spine. Doing so will give you the shakes.

Wed, 04/27/2011 - 17:25 | 1213700 LFMayor
LFMayor's picture

The hands aquire shakes...
the shakes become a warning.

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