This page has been archived and commenting is disabled.

Visual Summary Of Bernanke's Prepared Answers To Prepared Questions

Tyler Durden's picture




 

All you need to know...

And Bernanke's favorite: the Trade Weighted Dollar:

And the bond response: Must. Get. Steepening. So. Banks. Can. Pay. Another. Record. Bonus

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 04/27/2011 - 15:17 | 1213004 hambone
hambone's picture

Bernank really is a fucktard

Wed, 04/27/2011 - 15:17 | 1213015 Pants McPants
Pants McPants's picture

Inasmuch as he has boosted PM stock prices he's a useful idiot.

Wed, 04/27/2011 - 15:25 | 1213062 hambone
hambone's picture

Most importantly, Amazon up 7%...imagine the reaction had they met or exceeded expectations?

Anyone wonder any longer bout S&P 500 targets of 1500, 2000, whatever?  Of course will be collapsing priced in PM's, but whatever, it's only peoples entire life savings getting wiped out to levitate the markets.

Wed, 04/27/2011 - 15:29 | 1213108 Pants McPants
Pants McPants's picture

I used to have that same concern....but I shed that cross a long time ago.

If people can't see what's going on then they deserve to suffer the consequences.  In the interim the best we can do is educate those we care about to the reality of today's "markets"

Wed, 04/27/2011 - 16:25 | 1213369 whstlblwr
whstlblwr's picture

In meantime, my favorite leader Boehner says oil prices high because Obama not drill in parks. It's from his Big Oil contributions, not waste opportunity to help his friends and drill drill drill.

Now I'll vote Ron Paul and send lots money for him to give them shit. Even if he klan and limp in monetary sub-committee. No one here seems interested in running.

Elections are all we have, many countries not even have it. So we need to use it. We need to require our elected officials act in interest of people. Lazy ass Zero Hedge readers. All you happy about increase in PMs. As long as you make money you happy, no problem? Can't blame Goldman Sachs, George Soros, Bilderburgs, you just like them.

Wed, 04/27/2011 - 16:34 | 1213463 still kicking
still kicking's picture

Where the fuck did you learn to put a sentence together grammatically?  Hey I'm happy to run on a no more bullshit platform, unfortunately we have too many dumbasses in the bureaucracy to make any one man effective.

Wed, 04/27/2011 - 16:50 | 1213566 Lord Welligton
Lord Welligton's picture

Well you have to admit it's not bad for an AI machine.

Wed, 04/27/2011 - 17:17 | 1213679 whstlblwr
whstlblwr's picture

Then run on no more bullshit platform. Lazy ass excuse about not make difference.

Why do you think we taken over by Big Money? Because you rather watch American Idol, Dancing with Stars or read Zero Hedge blog, than get your flabby ass off chair and do something about it.

Wed, 04/27/2011 - 18:35 | 1213936 I dont belong here
I dont belong here's picture

You're reading Zero Hedge too dude.

Wed, 04/27/2011 - 18:54 | 1214008 BigSkyBear
BigSkyBear's picture

He's on the payroll.

Wed, 04/27/2011 - 16:35 | 1213466 still kicking
still kicking's picture

.

Wed, 04/27/2011 - 21:56 | 1214565 snowball777
snowball777's picture

Uh...you know Ron Paul's position on energy policy, yes?

Voted NO on prohibiting oil drilling & development in ANWR

Voted NO on removing oil & gas exploration subsidies

Voted NO on criminalizing oil cartels like OPEC

Maybe you should spend your money...on a book.

Thu, 04/28/2011 - 09:03 | 1215413 buzzard
buzzard's picture

I only junked you because you can't seem to construct a clear sentence. Good grammer is our friend. (or is that freind?)

Wed, 04/27/2011 - 15:56 | 1213258 riley martini
riley martini's picture

 Only if you are over 50% in metais. However even the miners are getting a bid after that load of shit from Ben.

Wed, 04/27/2011 - 16:01 | 1213270 gabeh73
gabeh73's picture

seriously...I would be pissed if he was changing his mind a lot. As it is he said he would inflate before he took office and that is exactly what he is fucking doing. 

This has been a great day. 

The stupid fucking masses had no problem with his books and papers when he got picked as chairman. He told us this is exactly who he was...that is around the time that people should have been going apeshit...we had one last shot in 2008 with Ron Paul but that is long over...all we can do now is hope he does what he has always said he would do...and that is to be more worried about "deflation" than "inflation".

The people who thought we were crazy in 1996,2000, 2004,2008...now those people will just have to deal with what they stuck US with...fuck them...destroy the DOLLAR MOTHERFUCKER!

Wed, 04/27/2011 - 16:26 | 1213435 Smiley
Smiley's picture

PM stock prices didn't go up; your dollar's purchasing power went DOWN.

Wed, 04/27/2011 - 16:39 | 1213508 Overflow-admin
Overflow-admin's picture

That's not fucking useful! I never would have to move to metals if there were some responsible governance. Oxymoron.

Wed, 04/27/2011 - 15:19 | 1213025 ZakuKommander
ZakuKommander's picture

Indeed, but everyone who's into PMs is going to raise a glass or two in his honor tonight!

Wed, 04/27/2011 - 15:52 | 1213247 Strider52
Strider52's picture

I raise a glass pretty much every night.

Wed, 04/27/2011 - 16:02 | 1213285 falak pema
falak pema's picture

I raise my wife...she is like a carafe...I said carafe, not giraffe!

Wed, 04/27/2011 - 16:52 | 1213577 Sudden Debt
Sudden Debt's picture

I hear ya :)

 

Wed, 04/27/2011 - 15:22 | 1213029 Infinite QE
Infinite QE's picture

The real fucktards are those that think the dollar is going to be king again

Wed, 04/27/2011 - 15:36 | 1213146 Smu the Wonderhorse
Smu the Wonderhorse's picture

Vive Turd!

Wed, 04/27/2011 - 15:47 | 1213200 unky
unky's picture

i was thinking Ben would talk the dollar up.... i think my guess of 1545 is way wrong now

Wed, 04/27/2011 - 16:01 | 1213273 tmosley
tmosley's picture

Hurry up and launch your new site, Turd!  

I wanted to bet we'd see a combined "crazy" $1600 at the close today.  Looking like it might happen now.

Wed, 04/27/2011 - 16:28 | 1213431 Trial of the Pyx
Trial of the Pyx's picture

Jesus fucking christ Turd.

 

Just caught the witch...good grief man...well alright then, week of the 9th it is.

 

ALL HAIL TURD!!!

Wed, 04/27/2011 - 15:23 | 1213042 sheeple
sheeple's picture

i'm dissappointed in masters and ruprecht ... I was too high on them

Wed, 04/27/2011 - 16:41 | 1213507 JumpinJonnyK
JumpinJonnyK's picture

I am so sick and tired for the Fed.  Would people please support Ron Paul so we can end The Fed?  They are robbing the american people blind.  People have no clue what is going on!!  It's unreal

Wed, 04/27/2011 - 22:41 | 1214674 sullymandias
sullymandias's picture

funny thing, i have such a negative dollar position on now, im not even sure i would want ron paul for prez any more.

Crash and Burn, Baby!

(silver bitches)

Wed, 04/27/2011 - 15:19 | 1213007 EHoofnagle
EHoofnagle's picture

Wed, 04/27/2011 - 15:18 | 1213018 nope-1004
nope-1004's picture

So the Fed is going to monitor inflation as things progress, because Benocide said "indications of inflation are starting to emerge".
But.... inflation is transitory..... so why the need to monitor something transitory?

He's full of shit.  He's in a box and he knows it.  He HAS to print to finance the gov't, but is trying to "telegraph" (ie. propaganda lie) that there is no inflation and they will not continue QE.  Total BS.

No one in the room other than that paid shill Liesman had any confidence in Benocide.

Wed, 04/27/2011 - 17:15 | 1213674 Founders Keeper
Founders Keeper's picture

[He's in a box and he knows it.]---nope-1004 

+1.  Considering what's at stake, and Bernanke's demeanor taking questions, I half expected him to vomit.

This press conference is Fed PR damage control pure and simple. 

 

Wed, 04/27/2011 - 15:16 | 1213009 Misean
Misean's picture

BB-Diddy got his bling on!

Wed, 04/27/2011 - 15:19 | 1213012 Hedgetard55
Hedgetard55's picture

I wonder if ROBO is going to post SLW's chart for today. +7 % baby.

Wed, 04/27/2011 - 15:24 | 1213074 unununium
unununium's picture

PSLV outpacing it at $21.70 +7.64%.

Thanks to the poster on ZH who posted on launch day that PSLV could still be had under the $10 initial offer price.

Wed, 04/27/2011 - 15:33 | 1213115 mynhair
mynhair's picture

GPL +16.77%

Wed, 04/27/2011 - 15:19 | 1213013 The Axe
The Axe's picture

You could pair that chart against the USD    sick

Wed, 04/27/2011 - 15:21 | 1213016 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I anticipate a word cloud with INFLATION as the main. 

Wed, 04/27/2011 - 15:18 | 1213023 vast-dom
vast-dom's picture

insanity! sheer insanity! 

Wed, 04/27/2011 - 15:18 | 1213024 weenus
weenus's picture

this 'presser' was all PRAVDA and shit

prepped on the questions?   ARE YOU FUCKING KIDDING ME?

there wasn't a single ZH style question, NOT ONE!

all good for PMs though...we now return to your Keynesian collapse

Wed, 04/27/2011 - 15:19 | 1213027 nobusiness
nobusiness's picture

Bernacke "Thank you for buying the dips.  Rinse and repeat" 

Wed, 04/27/2011 - 15:22 | 1213028 Tramp Stamper
Tramp Stamper's picture

As usual, everyone should have BTFD yesterday.  The Bernank cant stop this train with a Q @ A session.  How many time have we seen this after options ex???

Wed, 04/27/2011 - 15:22 | 1213030 willien1derland
willien1derland's picture

I feel sorry for Bernanke's wife - if he can lie like that to the public at large imagine the nonsense she must put up with - BB has no morals, no integrity, & less credibility after his 'press conference' - he should resign - though not to be outperformed CNBC's Liesman once again proves his incapability to make a meaningful contribution -

Wed, 04/27/2011 - 16:47 | 1213537 Overflow-admin
Overflow-admin's picture

"Thanks very much for the incredible efforts you're doing presently mister Bernanke blah, blah, blah, maybe can I ask a reaaaly stupid question blah, blah, blah"

Journalists? I found it! They are the new version of chat bots. Ugh.

Wed, 04/27/2011 - 15:21 | 1213033 unky
unky's picture

before the press conference silver was $45 now its $47.50...

why did they do this at all? was this neccessary ? i think they would have been better off not holding a press conference... the euro is well above 1.47 too and dollar down to new low since 2008/09 crisis

Wed, 04/27/2011 - 16:11 | 1213343 duo
duo's picture

RBOB up almost 8 cents, that's 14 cents more retail at the pump tomorrow.  Gas up!

Wed, 04/27/2011 - 15:23 | 1213041 nobusiness
nobusiness's picture

Don't you miss buy the rumor sell the news.  Now its so boring.  Buy the rumor, buy the news.

Wed, 04/27/2011 - 15:23 | 1213043 MarkTwainsMustache
MarkTwainsMustache's picture

Did anybody catch him saying in essence that he had to destroy the dollar in order to save the dollar?

Wed, 04/27/2011 - 16:54 | 1213574 carbonmutant
carbonmutant's picture

I heard him say it was Geithner's problem...

Wed, 04/27/2011 - 15:25 | 1213046 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

I still can't understand why he is still alive?

Have american's been duped all these years and have been buying water pistols instead of real self-defensive weaponry?

Me no understand. Does the Bernanke have to personally come around your home and stand on your wife's face before you defend yourself against this genocidal maniac puppet.

Wed, 04/27/2011 - 15:51 | 1213239 Stares straight...
Stares straight ahead's picture

Dem's strong words, Cowboy...

Wed, 04/27/2011 - 15:54 | 1213254 unky
unky's picture

I think for a person not familiar with economics at all  the way how he spoke sounded nicely like everything is gonna be good

Wed, 04/27/2011 - 15:59 | 1213274 Sabibaby
Sabibaby's picture

Easy there, he's helping many of us who own PM's

Wed, 04/27/2011 - 16:29 | 1213447 Smiley
Smiley's picture

Must be all that Flouride in the municipal water supplies...

Wed, 04/27/2011 - 17:58 | 1213837 Founders Keeper
Founders Keeper's picture

[I still can't understand why he is still alive? Have american's been duped all these years and have been buying water pistols instead of real self-defensive weaponry?]---FunkyMonkeyBoy

I figure he's still alive because he hasn't been arrested, tried, and convicted in a US court of law for his treacherous crimes.

The Rule of Law stands.

(The 2nd Amendment does not give individuals the right to hunt down and shoot criminals.)

You think the Rule of Law has failed? Time to take matters into our own hands? You know nothing of the Rule of Law. Anyone who supplants the Rule of Law with the Rule of Man for even one minute, relinquishes authority on our soil always and forever.

I'll give you this. A great conflict is coming. But, not on your authority will I be called to arms. 

 

Thu, 04/28/2011 - 10:05 | 1215679 buzzard
buzzard's picture

The authority is always ours. Never forget that.

Wed, 04/27/2011 - 15:24 | 1213052 willien1derland
willien1derland's picture

Ben has spoken - the market is responding - USD down, PMs UP - useless PoS - RESIGN BEN!

Wed, 04/27/2011 - 15:25 | 1213053 Long-John-Silver
Long-John-Silver's picture

Bernanke leaves the stage and heads to the back door to meet his limo.

He pulls out his I-pad and looks atDXY, Silver, and Gold. * Screams at the driver "Take me to the Emergency Room now, and Hurry!"

Wed, 04/27/2011 - 16:02 | 1213279 unky
unky's picture

No, I think he somehow saw the Silver and Gold during the press conference already, thats why he left so suddenly

Wed, 04/27/2011 - 15:22 | 1213055 Cdad
Cdad's picture

Nothing to worry about, boys.  Bob Dahl is about to explain how everything is OK.  Price of gold is meaningless.  Ben Bernanke's sound bites will keep us from tumbling into the abyss.  Steady as she goes on the currency destruction.  Problems are transitory.  S&Ps are forever.

 

Wed, 04/27/2011 - 15:25 | 1213065 Mercury
Mercury's picture

Man-oh-man, I thought gold would at least blow off a little bit "on the news"

This whole thing did have that build-up to the 1/4 pt. rate cut feeling to it from days of yore...

Wed, 04/27/2011 - 15:23 | 1213070 The Axe
The Axe's picture

ONE to ONE correlation   Dollar down EVERYTHING UP...not just PM...

Wed, 04/27/2011 - 15:35 | 1213113 Re-Discovery
Re-Discovery's picture

0

Wed, 04/27/2011 - 15:51 | 1213228 jmac2013
jmac2013's picture

US Treasuries down. 

Wed, 04/27/2011 - 16:15 | 1213353 AbandonShip
AbandonShip's picture

right but Treasuries are just like dollar in a way...another paper promise from the government to be repaid with paper promises.  So the co-movement makes sense.

Wed, 04/27/2011 - 19:01 | 1214026 BigSkyBear
BigSkyBear's picture

+1

Wed, 04/27/2011 - 15:27 | 1213077 arkel
arkel's picture

I didn't catch the whole thing. Did anyone ask who would buy treasuries when pomo stopped? The only relevant question that should have been asked....

Wed, 04/27/2011 - 15:33 | 1213126 Re-Discovery
Re-Discovery's picture

Ummm . . . don't be rude to your Chairman!!

(And the answer is the Fed.)

Wed, 04/27/2011 - 16:09 | 1213324 gabeh73
gabeh73's picture

fucking hilarious...can't stop laughing

Wed, 04/27/2011 - 15:39 | 1213145 RobD
RobD's picture

No, I don't think that was asked.

Wed, 04/27/2011 - 15:27 | 1213078 Rusty_Shackleford
Rusty_Shackleford's picture

I especially loved his answer to the question about Reinhart & Rogoff's book.  He basically said, "All other empires have failed because they didn't have all the smart guys that we have working at the Fed right now."

 

F-ing priceless.

Wed, 04/27/2011 - 15:29 | 1213095 Racer
Racer's picture

I would have broken the screen if I had watched him.. it is bad enough catching glimpses of headlines!

Wed, 04/27/2011 - 16:18 | 1213367 AbandonShip
AbandonShip's picture

his reponse was "This time IS different" !?!?

The title of the book completely mocks that argument....what a joke (his reponse, not the book). 

Seriously, we need to dissolve or hamstring this Fed Reserve group.

Wed, 04/27/2011 - 19:04 | 1214043 BigSkyBear
BigSkyBear's picture

Ben Ben the clown would not know a book of historical significance if it hit him in the head.

Wed, 04/27/2011 - 15:25 | 1213085 Racer
Racer's picture

I couldn't bring myself to watch the sadistic genocidal creature, I am angry enough at what he is doing for me... all the things I need to live on are going up massively but my earnings are not at all. Pensions are being cut.. to feed the obese Wall Street Leeches

Wed, 04/27/2011 - 15:33 | 1213117 ejhickey
ejhickey's picture

I watched but with the sound off

Wed, 04/27/2011 - 15:28 | 1213092 garbled
garbled's picture

Silly Tyler, starvation is dollar positive.  Once all those unwashed mouths stop causing commodity spikes, America will Win the Future!

Wed, 04/27/2011 - 18:24 | 1213915 I only kill chi...
I only kill chickens and wheat's picture

But Mr. Galt, if you dont' help us we may have to kill one in three childern under 10 and everone over 60 so the rest of us can survive. You've got help us, don't you see, it will be your fault.

Wed, 04/27/2011 - 15:27 | 1213097 AcidRastaHead
AcidRastaHead's picture

Poetic justice would mean forcing Bernanke to wear those charts as a sandwich board around town.  Or maybe permanent tattoos, bwah ha ha (is that how you spell an evil laugh?)

Wed, 04/27/2011 - 15:30 | 1213105 Re-Discovery
Re-Discovery's picture

As much as I trash him, that fella is making me a lot of worthless fiat!

Wed, 04/27/2011 - 15:29 | 1213109 BDB8
BDB8's picture

is there a link to the whole thing? i just caught the end

Wed, 04/27/2011 - 15:29 | 1213111 Gubbmint Cheese
Gubbmint Cheese's picture

when the Bernank speaks... gold listens.

 

 

Wed, 04/27/2011 - 15:32 | 1213114 BDB8
BDB8's picture

is there a link to the whole thing? i just caught the end

Wed, 04/27/2011 - 15:33 | 1213118 lieutenantjohnchard
lieutenantjohnchard's picture

where are the altruistic zh posters so concerned for their fellow man that they post endlessly that we silver holders better get out now because the end is nigh?

Wed, 04/27/2011 - 15:31 | 1213119 bingaling
bingaling's picture

China better spend those trillions$$$ fast they aren't going to be worth much come next week

Wed, 04/27/2011 - 15:33 | 1213128 JLee2027
JLee2027's picture

Silver....BOOM, over 48. 

Wed, 04/27/2011 - 17:23 | 1213129 Ferg .
Ferg .'s picture

Ugh that was mundane . The ECB press conference usually conjures some tricky questions , but that was...mind numbing . You know what , I don't really care if this doesn't develop into a regular feature of FOMC day because quite frankly , today's Q&A was about as useful as the human appendix .

Wed, 04/27/2011 - 15:36 | 1213132 mt paul
mt paul's picture

watching DXY 

tick lower...

73.35

 

Wed, 04/27/2011 - 15:37 | 1213136 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

When is his next press conference so I can time my PM purchases?

Wed, 04/27/2011 - 15:35 | 1213141 benevolous
benevolous's picture

The chart you should have highlighted:

 

SLV

Wed, 04/27/2011 - 15:39 | 1213142 RobotTrader
RobotTrader's picture

Looks like these silver stocks got "J-Lo'd" off 'da bottom..

Wed, 04/27/2011 - 15:47 | 1213195 lieutenantjohnchard
lieutenantjohnchard's picture

poor robottrader. still living vicariously off the investing success of other traders and investors. in any event, his mo, vz and hd widows and orphans stocks have moved parabolic to the top of their $1 trading band. so he's got that going for him.

Wed, 04/27/2011 - 16:01 | 1213290 disabledvet
disabledvet's picture

I missed the press conference.  I didn't miss anything?  Or "I missed the whole world blowing up."  Either way I'm SHOCKED, SHOCKED I tell you there are no offers of a beer for the guy.  Sure "that's 20$ in DC"--you all look good for it.

Wed, 04/27/2011 - 16:00 | 1213284 tmosley
tmosley's picture

Looks like your portfolio "Gigli'ed" all over the place.

Wed, 04/27/2011 - 16:33 | 1213471 bingaling
bingaling's picture

Miners ramped enormously today -

Wed, 04/27/2011 - 15:36 | 1213144 AboutAverage
AboutAverage's picture

The new word that most of you should get use to over the summer and early fall!

Extortion!

Extortion, outwresting, and/or exaction is a criminal offense which occurs when a person unlawfully obtains either money, property or services from a person(s), entity, or institution, through coercion. Refraining from doing harm is sometimes euphemistically called protection. Extortion is commonly practiced by organized crime groups.

http://en.wikipedia.org/wiki/Extortion

 

 

Wed, 04/27/2011 - 15:43 | 1213164 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

Most extortionists only threat to take your money once. These a..holes are in a different category.

Wed, 04/27/2011 - 15:40 | 1213149 Re-Discovery
Re-Discovery's picture

Copper may have a PhD in economics, but Gold has a PhD in Fed Bullshit.

Wed, 04/27/2011 - 15:41 | 1213152 francis_sawyer
francis_sawyer's picture

Overall - I'm kind of disappointed in the news conference...

I was hoping Bernanke would say something truly inspirational like:

"Due to recent advancements in helicopter technology, the time it takes me to "fix" things has been reduced from 15 minutes to 13 minutes"...

Wed, 04/27/2011 - 15:41 | 1213155 plocequ1
plocequ1's picture

The Dollar is dead. I see the DXY falling below 60 by Christmas. 

Wed, 04/27/2011 - 16:02 | 1213158 Paper CRUSHer
Paper CRUSHer's picture

She's a beauty......but so is that 24hr $DXY chart......lookin' rather $DXY today.She's all yours gold.

Wed, 04/27/2011 - 15:42 | 1213160 goldenbuddha454
goldenbuddha454's picture

Its mind-boggling how there are still actually buyers out there for U.S. treasuries.  Yes, yields are rising, but hasn't the writing been on the wall for a long time?  When yields on the 30yr hit 7 or 8% its game over IMO

Wed, 04/27/2011 - 15:55 | 1213251 Alienated Serf
Alienated Serf's picture

you mean buyer.

Wed, 04/27/2011 - 17:07 | 1213652 tao400
tao400's picture

Don't you get it. he is never going to raise the rates. The only thing he is going to do for the next two years is use his balance sheet to reinvest in treasuries and through them in stocks. China is shitting right now as we speak.

Wed, 04/27/2011 - 15:43 | 1213163 km4
km4's picture

where's the chart for hamana-hamana-hamana to the moon Alice ;)

 

Wed, 04/27/2011 - 16:13 | 1213263 slewie the pi-rat
slewie the pi-rat's picture

Public Notice

Raccoon Lodge meetings for april are on Friday, APR 29, due to the plethora of lunar proceedings hithertofore in APR.

TV ACRES: Social Groups and Organizations > The Raccoons Lodge (The Honeymooners)

Wed, 04/27/2011 - 15:41 | 1213172 American idle
American idle's picture

Huge parties planned for this weekend in Greenwich Ct.
Bring a case of wine or two to impress.
Anything under a $50k case is considered rude.

$10 gas???
Who cares when you're making $100k every day.

Wed, 04/27/2011 - 15:42 | 1213173 Re-Discovery
Re-Discovery's picture

Its pronounced

Pa (puh)

ra (rah)

bo (bow)

la (lah)

Parabola

 

 

Wed, 04/27/2011 - 16:05 | 1213302 tmosley
tmosley's picture

HAHAHAHAHAHAHA!

2 weeks 1 day!

Can you be any clearer in announcing that you are a sock puppet?

Wed, 04/27/2011 - 16:04 | 1213310 disabledvet
disabledvet's picture

or

Trap

A

Zoid

I actually come from a family of Zoids so...frankly..."it felt kinda personal."

Wed, 04/27/2011 - 15:45 | 1213177 b_thunder
b_thunder's picture

The Bernank:  Mission accomplished

 

Wed, 04/27/2011 - 15:48 | 1213202 weenus
weenus's picture

and a hearty fuck you to Karl Denninger as well

 

love, GPL

Wed, 04/27/2011 - 15:46 | 1213206 A Lunatic
A Lunatic's picture

Thanks Ben for helping me decide to finally pull the trigger on that generator purchase.

Wed, 04/27/2011 - 16:15 | 1213354 MrBinkeyWhat
MrBinkeyWhat's picture

Get a multi-fuel. Propane Bitchez

Wed, 04/27/2011 - 16:21 | 1213396 A Lunatic
A Lunatic's picture

Yup. Make it portable too. Get a few 100# cylinders too. None of this shit is going to be cheaper tomorrow.

Wed, 04/27/2011 - 15:55 | 1213211 web bot
web bot's picture

<staring at the ground....>

<scratching the dirt with right toe...>

<just shaking my head...>

 

Bernanke is prepared to sacrifice the US$ and allow inflation to take hold. He believes that you can print trillions of dollars and it doesn't have any effect on inflation. They have studied finance and have history to look at???

When inflation takes hold, it will happen swiftly and be like a trying to put a genie back in the bottle.

Un#uckinbelievable...

Wed, 04/27/2011 - 15:56 | 1213266 NotApplicable
NotApplicable's picture

Oh, c'mon now, surely you don't measure Benron's beliefs based on his words, do you?

What he believes in is his own power of sophistry to get us through today in such a way that he is still empowered tomorrow. To achieve this goal, he will say anything and everything, and is totally immaterial to his actual beliefs, which are likely along the lines of, "You little people don't understand how things really work, and cannot handle the truth. Thus we are forced to lie to you for your own protection."

He believes just enough to appear credibly supportive as a Fed demagogue.

Wed, 04/27/2011 - 15:50 | 1213213 Auricle of Omaha
Auricle of Omaha's picture

This is what I heard from Ben's press conference:

http://youtu.be/xpcUxwpOQ_A

Wed, 04/27/2011 - 15:51 | 1213218 NotApplicable
NotApplicable's picture

Anybody know where a transcript of this might be?

I'd like to see who was chosen, and which one of them will win the stupidest softball question of the day award (a.k.a. The Jeff Gannon Award).

Wed, 04/27/2011 - 16:07 | 1213317 riley martini
riley martini's picture

 Federal Reserve Bank of New York : Google it.

Wed, 04/27/2011 - 15:52 | 1213223 Putty
Putty's picture

New drinking game:  Take a shot everytime the Bernank says transitory.  

Wed, 04/27/2011 - 16:03 | 1213304 JohnG
JohnG's picture

Good one :)

I counted six.

Wed, 04/27/2011 - 17:23 | 1213702 EvlTheCat
EvlTheCat's picture

Better yet, every time the MSM parrots the word.  Six times isn't enough alcohol to make my big toe forget Ben exists.

Wed, 04/27/2011 - 15:49 | 1213224 riley martini
riley martini's picture

 Ben on inflation : Low wages will keep prices low . Wage slaves : Hurray for Ben.

War on the Worker continues.

Wed, 04/27/2011 - 15:56 | 1213261 A Lunatic
A Lunatic's picture

This is why I decided to pull out of the market enough to pay off all debt and obtain future economic security through other means; namely tangible, physical holdings of various necessary commodities. Oh, I quit working for these fuckers too; I refuse to be milked any longer.

Wed, 04/27/2011 - 15:51 | 1213241 goldenbuddha454
goldenbuddha454's picture

saw it reported in the mainstream media that 600 Billion in bond purchases to end in june.  They make it sound like no QE-3?  My guess is we'll still have QE-3 anyway. 

Wed, 04/27/2011 - 16:13 | 1213346 riley martini
riley martini's picture

 I saw that on Bloomturd  . It's wrong though they will use interest from treasury that they have on their books to buy more treasuries .  That means less money they can return to the treasury and claim as a (false) profit.

Wed, 04/27/2011 - 15:56 | 1213260 chumbawamba
chumbawamba's picture

Too many HAs?

http://www.youtube.com/watch?v=btQKGvVRnZ8

I am Chumbawamba.

Wed, 04/27/2011 - 15:59 | 1213268 cbaba
cbaba's picture

It doesn't matter what he says, He is a liar but his face is different, market players can feel the pain inside him, he is hopeless and he knows it and reflects this fact on his face.

Let him speak everyday so that we can see much higher Gold prices ..

Wed, 04/27/2011 - 16:03 | 1213283 hedgeless_horseman
hedgeless_horseman's picture

"The U.S. dollar is Timmy's problem." 

Classic.

Wed, 04/27/2011 - 16:03 | 1213288 European American
European American's picture

Regardless, Benny is a smooth talking mack daddy whose answers always "seem" to ring with truth. If one is not hip on the fundamentals of econ 101, and I'm so unhip my pants keep falling down with all that gold and silver lining my pockets, his delivery and confidence, at least today, appeared unequaled. Now I see why they've chosen him to man the hot seat. He's good, he's damn good. 

 

What did he say? When did he say it was going to all implode? I thought I heard it somewhere in there.

Wed, 04/27/2011 - 16:01 | 1213291 riley martini
riley martini's picture

 The DOW up over 100 points probably the downward revision of the GDP.

Wed, 04/27/2011 - 16:10 | 1213328 AldoHux_IV
AldoHux_IV's picture

So this much anticipated historic hooplah circle jerk was really an excuse for a correction in PM's forget equities as they are now in perpetuity to the dollar destruction-- it seems commodities are no longer the anti-dollar trade.  Net net-- the same ole bullshit degradation of the US-- at least people are trying to make it more entertaining to watch the destruction of our country.

Wed, 04/27/2011 - 17:06 | 1213632 slewie the pi-rat
slewie the pi-rat's picture

hi, aldoHux_iv;    a funny thing happened on the way to benocide's speech~~~the weather changed. 

cooler, moist air comin into the US and europe, so the wheat crop is now outa danger!  so who cares about oats at this point?  red winter wheat now looking ample.

meanwhile, nothing like a nice dry spring to help the corn farmers get ready to plant.  see how fast the ground warms up, for those damned monsanto huggers. and, stay outa the boats to get to the cattle this year, ok?

soybeans didn't take things so hard, and dr copper headed south with renewed vengeance, again.

the grain supply just amped, and, you're right about the dollar swoon.  our banksters are facing down the world.  print.  print.  print.  if the shitheads like it, they are screwed.  if the shitheads don't like it, they are screwed.  we got it;  we're printing it; and if you don't want it, you are more brokeback than we are.

fabulous! 

now, they are trying to figure out how to protect themselves, and we are gonna print here, print now, or be hauled off te be re-freaking-educated, i guess. 

batmanke screams thru gotham in the batmobile, rockets blazing, FRNs all over the place. ticker tape reflation.

say.  that's not a slippery, wet teabag up ahead going into that turn is it? 

stay tooned, BiCheZ!

Wed, 04/27/2011 - 16:13 | 1213342 disabledvet
disabledvet's picture

Again "I missed it." I was hangin' with my bud Pete Moss.  He's been burning...for a thousand years.

Wed, 04/27/2011 - 16:17 | 1213364 MrBinkeyWhat
MrBinkeyWhat's picture

I missed it as well. I was doing something useful...cleaning out the chicken coop of $hit.  Nice eggs.

Wed, 04/27/2011 - 16:19 | 1213371 Treasure Freedom
Treasure Freedom's picture

The meeting was deliberately timed during market hours..

Wed, 04/27/2011 - 16:19 | 1213377 riley martini
riley martini's picture

  In Bens  defence He has been handed a shit bag of fraud and corruption from Fascist criminals in Finance and the bribery seeking equally corrupt criminals in government.

Wed, 04/27/2011 - 16:20 | 1213380 r101958
r101958's picture

DX= 73.29 Gold 1529 Silver: 48.1

Wed, 04/27/2011 - 16:19 | 1213386 digalert
digalert's picture

Worlds #2 Bernank Bucks holder, Japan, get's S&P negative kick.

http://www.bloomberg.com/news/2011-04-27/japan-debt-outlook-cut-to-negat...

Wed, 04/27/2011 - 16:24 | 1213404 goldenbuddha454
goldenbuddha454's picture

Are gold funds a good idea or bad because they are dollar denominated?  I know you're going to say buy physical!  Hold those comments and give me a reason to buy a gold or silver fund now.

Wed, 04/27/2011 - 19:41 | 1213417 BlackholeDivestment
BlackholeDivestment's picture

...reminds me of http://foodfreedom.wordpress.com/2011/03/11/usda-okays-rice-modified-with-human-gene-to-be-grown-on-3000-kansas-acres/ that FDA approved GM crop in Kansas,''they'' developed a cheaper (fiat currency) tobbaco based pesticide that killed the crop (market), ...so they overcame that by adding human DNA (unemployment) to the rice crop, which made the ''New World Order'' DNA sequence in the rice more resilient (banker bonus) to the ''change'' (debt) set loose in the field. This produced a higher yield (short term profit) at a lower cost, if you can find the bees (killed labor).    Uncle Ben's rice. http://www.youtube.com/watch?v=-FUhs9fS_-0

                http://www.youtube.com/watch?v=eHo6LihtzFM

P.S. ... Uncle Ben's black hole Bugs you Mr. Rabbit, with his stinky BATS shit? ...well, here is more Sting for the worker bee: http://www.khouse.org/enews_article/2011/1769/  ...and some Synchronicity too: http://www.youtube.com/watch?v=UbQd3jxth5k

Wed, 04/27/2011 - 16:27 | 1213419 tao400
tao400's picture

All I can say is that I am going long the S and P with Robo. I am not fighting it anymore. Have a bunch of gold. Now would like to increase my dollars. I am going to Europe in a couple of months. I need to make some quick gains and hope that Greece defaults.

Wed, 04/27/2011 - 16:26 | 1213424 TIMMAYYY
TIMMAYYY's picture

hold on...ive been hearing term such as collapse and end of world being thrown round the community. 

 

who here believes these crazy shenanigans?? im wondering whether to up sticks and move to one of those hippie sites and live off the fat of the land??

 

cause if its true wtf was this press conference...people calmly walking over the cliff?

Wed, 04/27/2011 - 16:51 | 1213570 honestann
honestann's picture

You've never head of lemmings?

Do you know how many chromosomes lemmings share with humans and sheep?  Answer:  All of them, apparently.

Wed, 04/27/2011 - 16:59 | 1213606 Overflow-admin
Overflow-admin's picture

Yeah that's true. Btw I'm impressed of your calm, usually people have a terrible reactions when they are confronted to such desillusion.

 

So please keep your calm and inform yourself. Start reading some good stuff about history and economy. Rothschield, Ponzi, etc, Great Depression, Great Depression 2.0, Great Depression Stagflation 2.105, next Great Depression Hyperinflation 3.0 (just imagining, I don't know what will happen next, but it clearly sucks).

 

P.S. Chart analysis and forums helps too, but history is a good background to start: less noise and less trolls.

Do NOT follow this link or you will be banned from the site!