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Visual Summary Of Bernanke's Prepared Answers To Prepared Questions
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
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Bernank really is a fucktard
Inasmuch as he has boosted PM stock prices he's a useful idiot.
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.
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"
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.
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.
Well you have to admit it's not bad for an AI machine.
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.
You're reading Zero Hedge too dude.
He's on the payroll.
.
Uh...you know Ron Paul's position on energy policy, yes?
Maybe you should spend your money...on a book.
I only junked you because you can't seem to construct a clear sentence. Good grammer is our friend. (or is that freind?)
Only if you are over 50% in metais. However even the miners are getting a bid after that load of shit from Ben.
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!
PM stock prices didn't go up; your dollar's purchasing power went DOWN.
That's not fucking useful! I never would have to move to metals if there were some responsible governance. Oxymoron.
Indeed, but everyone who's into PMs is going to raise a glass or two in his honor tonight!
I raise a glass pretty much every night.
I raise my wife...she is like a carafe...I said carafe, not giraffe!
I hear ya :)
The real fucktards are those that think the dollar is going to be king again
http://tfmetalsreport.blogspot.com/2011/04/your-fearless-leader.html
Vive Turd!
i was thinking Ben would talk the dollar up.... i think my guess of 1545 is way wrong now
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.
Jesus fucking christ Turd.
Just caught the witch...good grief man...well alright then, week of the 9th it is.
ALL HAIL TURD!!!
i'm dissappointed in masters and ruprecht ... I was too high on them
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
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)
http://a4.sphotos.ak.fbcdn.net/hphotos-ak-snc1/10235_138741494370_596679...
http://a4.sphotos.ak.fbcdn.net/hphotos-ak-snc1/10235_138741494370_596679...
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.
[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.
BB-Diddy got his bling on!
I wonder if ROBO is going to post SLW's chart for today. +7 % baby.
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.
GPL +16.77%
You could pair that chart against the USD sick
I anticipate a word cloud with INFLATION as the main.
insanity! sheer insanity!
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
Bernacke "Thank you for buying the dips. Rinse and repeat"
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???
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 -
"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.
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
RBOB up almost 8 cents, that's 14 cents more retail at the pump tomorrow. Gas up!
Don't you miss buy the rumor sell the news. Now its so boring. Buy the rumor, buy the news.
Did anybody catch him saying in essence that he had to destroy the dollar in order to save the dollar?
I heard him say it was Geithner's problem...
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.
Dem's strong words, Cowboy...
I think for a person not familiar with economics at all the way how he spoke sounded nicely like everything is gonna be good
Easy there, he's helping many of us who own PM's
Must be all that Flouride in the municipal water supplies...
[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.
The authority is always ours. Never forget that.
Ben has spoken - the market is responding - USD down, PMs UP - useless PoS - RESIGN BEN!
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!"
No, I think he somehow saw the Silver and Gold during the press conference already, thats why he left so suddenly
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.
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...
ONE to ONE correlation Dollar down EVERYTHING UP...not just PM...
0
US Treasuries down.
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.
+1
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....
Ummm . . . don't be rude to your Chairman!!
(And the answer is the Fed.)
fucking hilarious...can't stop laughing
No, I don't think that was asked.
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.
I would have broken the screen if I had watched him.. it is bad enough catching glimpses of headlines!
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.
Ben Ben the clown would not know a book of historical significance if it hit him in the head.
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
I watched but with the sound off
Silly Tyler, starvation is dollar positive. Once all those unwashed mouths stop causing commodity spikes, America will Win the Future!
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.
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?)
As much as I trash him, that fella is making me a lot of worthless fiat!
is there a link to the whole thing? i just caught the end
when the Bernank speaks... gold listens.
is there a link to the whole thing? i just caught the end
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?
China better spend those trillions$$$ fast they aren't going to be worth much come next week
Silver....BOOM, over 48.
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 .
watching DXY
tick lower...
73.35
When is his next press conference so I can time my PM purchases?
The chart you should have highlighted:
SLV
Looks like these silver stocks got "J-Lo'd" off 'da bottom..
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 $1 trading band. so he's got that going for him.
I missed the press conference. I didn't miss anything? Or "I missed the whole world blowing up." Either way I'm SHOCKED, SHOCKED I tell you there are no offers of a beer for the guy. Sure "that's 20$ in DC"--you all look good for it.
Looks like your portfolio "Gigli'ed" all over the place.
Miners ramped enormously today -
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
Most extortionists only threat to take your money once. These a..holes are in a different category.
Copper may have a PhD in economics, but Gold has a PhD in Fed Bullshit.
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"...
The Dollar is dead. I see the DXY falling below 60 by Christmas.
She's a beauty......but so is that 24hr $DXY chart......lookin' rather $DXY today.She's all yours gold.
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
you mean buyer.
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.
where's the chart for hamana-hamana-hamana to the moon Alice ;)
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)
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 $100k every day.
Its pronounced
Pa (puh)
ra (rah)
bo (bow)
la (lah)
Parabola
HAHAHAHAHAHAHA!
2 weeks 1 day!
Can you be any clearer in announcing that you are a sock puppet?
or
Trap
A
Zoid
I actually come from a family of Zoids so...frankly..."it felt kinda personal."
The Bernank: Mission accomplished
and a hearty fuck you to Karl Denninger as well
love, GPL
Thanks Ben for helping me decide to finally pull the trigger on that generator purchase.
Get a multi-fuel. Propane Bitchez
Yup. Make it portable too. Get a few 100# cylinders too. None of this shit is going to be cheaper tomorrow.
<staring at the ground....>
<scratching the dirt with right toe...>
<just shaking my head...>
Bernanke is prepared to sacrifice the US$ 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...
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.
This is what I heard from Ben's press conference:
http://youtu.be/xpcUxwpOQ_A
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).
Federal Reserve Bank of New York : Google it.
New drinking game: Take a shot everytime the Bernank says transitory.
Good one :)
I counted six.
Better yet, every time the MSM parrots the word. Six times isn't enough alcohol to make my big toe forget Ben exists.
Ben on inflation : Low wages will keep prices low . Wage slaves : Hurray for Ben.
War on the Worker continues.
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.
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.
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.
Too many HAs?
http://www.youtube.com/watch?v=btQKGvVRnZ8
I am Chumbawamba.
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 ..
"The U.S. dollar is Timmy's problem."
Classic.
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.
The DOW up over 100 points probably the downward revision of the GDP.
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.
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!
Again "I missed it." I was hangin' with my bud Pete Moss. He's been burning...for a thousand years.
I missed it as well. I was doing something useful...cleaning out the chicken coop of $hit. Nice eggs.
The meeting was deliberately timed during market hours..
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.
DX= 73.29 Gold 1529 Silver: 48.1
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...
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.
...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
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.
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?
You've never head of lemmings?
Do you know how many chromosomes lemmings share with humans and sheep? Answer: All of them, apparently.
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.