• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Visual Summary Of Bernanke's Prepared Answers To Prepared Questions

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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.



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!

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