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United States businesses are reliant on the FED. You can never end the FED.
You chose your name here well.
It is scary to think that way...he really is a shill. Fucking Heb gives the rest of us Heb's a bad name....
He is as wrong as my sense of direction.
I know for certain he knows he's lying...sure he will tell you he never has rubbed one off either!
Suddenly, for some strange reason I have a hankering for some Double Mint gum.
you want the truth?
YOU CANT HANDLE THE TRUTH!
A significant foundation of Mr. Summers' argument is weakened by his use of soft commodities as proof that inflation has arrived. While this may be true in the strict sense that prices of corn, wheat, sugar etc. have risen dramatically, the actions of Dr. Bernanke and his Fed cohorts have played a small role. Soft commodity prices are global in nature and depend on things like crop yields, which are influenced in turn by weather, pestilence, fire and floods; as well as shifts in demand, such as we have seen from China in particular.
If the hikes in commodity prices were due to the debasement of the dollar, we might have expected an equally dramatic downward shift in the US Dollar Index. While such a downward shift has occurred to an extent, it explains only a part of the commodity price movement.
I have not followed enough of Dr. Bernanke's career to know whether his "miss rate" is indeed 100%, but on this one, it appears that Mr. Summers' shot has gone somewhat off-goal.
I wish this were as innocent as incompetence. Benny has been promised a tidy retirement seat in the global framework that has been erected to catch this mess when it finally comes down. It doesn't hurt that meanwhile he can feed his power lust the same way rock feeds a crack addict.
"Never underestimate the replacement power of equities in an inflationary Zimbabwe-like, police-state, crony-capitalist spiral."
Gold and Silver should crash now that Assange is in jail. The looters are taking control.
AND everybody knows that happens by 12-21-12 or was it 12-12-12...crap...can't keep any numbers straight in my head anymore...because they are just numbers.
Like employment, the deficit, paper currency, budgets, earnings and just about everything else...
Just going to start counting grams and ounces from now on...
I am 100% certain $WTIC will reach $150/bbl effectively a tax on the poorest souls.
I am 100% certain that there will be civil unrest when student loans/grants are cut.
I am 100% certain housing prices will continue to decline for many years.
I am 100% certain the rich will become richer and are planning to relocate to other safe havens when the poop hits the fan.
The bigger the lie, the more sheeple will believe it. I'm out of the stock market. Gold/Silver tell a different story. One that I can believe in. Fuck You Bernanke, Geithner, Masters,,,,you get my point.
Finally what I have YEARNED for may take place, time to drive a stake thru the heart of this corrupt FU we call the Peoples Gv't.
Bring it on.
So here we sit, Americans all....well some of us.
What the hell are we gonna do about it?
We got the man we deserve in office and we got the man we deserve running the Fed.
I do not recall every reading commentary from Phoenix Research Capital or this author in the past, but I can say with absolute certainty that this commentary is spot on; but not for the reasons the author is giving (which are dead 100% also).
The reason why I know in no uncertain terms that this author is right in his assertions is most likely Bernanke gets his economic research from Robert Prechter and Elliott Wave International, a research company that like Bernanke (and Greenspan before him) is ALWAYS 100% WRONG.
So, for what is worth to those willing to listen, you can be sure that not only does Phoenix Capital Research have it dead own based on their own, independent research, but we can easily confirm this simply by taking comfort in the fact that Bernanke gets his economic research from Robert Prechter and the entire lunatic fringe at Elliott Wave International; a research company that never gets it right about anything.
bernankula is a total out and out incompetent fraud carrying water for the bankster plutocrat elites....fuck him, fuck the fed and fuck the cia and hillary whore
He should be Tried for Treason. PERIOD.
He has basically dry humped the American people and is now adding sand to the mix.
Americans need to take this country back from the Bankers and the FED.
I feel for the brave men and women who have fought hard and died for this country and now this country has turned into a giant ShitSandwich because of these punk Financial 'wizards' / OUTRIGHT THIEVES!!!!!
Interesting, but no cigar. Commodities are a poor surrogate or measure of inflation. Remember $147 oil? Remember $30 oil? So what? The Bernanke put and flood of funds is creating instability and wild price swings. Beyond that, not much can be concluded, yet.
Structural inflation comes from things like exploding health care costs, increases in state and local taxes, and the madness of tuition increases. These things are very sticky and often work as one way rachets up. That's inflation.
On other side we have a free fall in real estate and real wages, massive debt destruction, and a surprisingly resilient dollar. Baldy Ben has done his worst, but the dollar is still the least ugly girl in the bar at closing time. Go figure.
I think we are sinking rapidly into a depression, but the sure bet is that without massive cuts in government at all levels, the middle class and small business are dead. Happy Holidays.
"Structural inflation comes from things like exploding health care costs, increases in state and local taxes, and the madness of tuition increases. These things are very sticky and often work as one way rachets up. That's inflation."
Be that as it may, isn't hyper-inflation the rise in prices due to the debasement of a currency (deliberate) in order to inflate away an unbearable debt?
And isn't that the situation we face?
I'm a recovering adacemic, and yes, in a closed society (or self contained currency) that's what you would expect, but after 10 years of artificially low rates, it hasn't happened.
This is not all of the answer, but I think the surprise was how many of our problems can be forced onto our trading partners when the dollar is the reserve currency. Other countries have suffered the contagion of inflation and asset bubbles, moderating what we've seen here. Add that to the implosion of the Euro and sick demographics in Japan, and that is still only half of an answer, but it begins to explain what we're seeing and how dangerous this course is. The whole world economy is at risk.
[Censored by Plunge Protection Team]
I've heard Bernanke is a black belt in jiu jitsu and "taps out" anybody who walks up to him on the street and offers criticism.
Yeah that tremulous voice and quivering lip are a dead giveaway.
It's what going on under his pants that is terrifying. There's a swollen, pendulous member awaiting to find your nearest orifice.
Well, he's going to have to at LEAST buy me dinner first --- and throwing me a handful of food stamps is NOT going to cut it!
I agree that Bernanke has been wrong on multiple fronts before, during, and after the financial crisis. Many commentators use oil and agricultural commodities as signs that there is inflation. There is some truth to that thesis yet oil would be expected to bounce from the lows after falling about 75%. Furthermore prices of agricultural commodities can be adversely influenced by variables such as weather. For these reasons I believe gold to be a better barometer of inflation or fear of inflation.
A barometer of fear, in general, I think. But also, gold is benefitting from a complete lack of alternatives. Do you want to buy bonds, Citi, Chipotle, or emerging markets that somehow never quite emerge? Lots of cash chasing few sane alternatives.
So what stops a bunch of money from going into gold and hitting a bubble it seems like theres lack of good places to invest which send all this money chasing something new and safe why is that ?is this just a never ending bubble creation economy ?
Yes it is, until Bernanke is stopped. Traitor Ben is not feeding investment or innovation. He's creating hot money. He's feeding hedge funds, mo-mo day traders, and young investment bankers who've never seen a really nasty bear market. This will end badly.
Bernank (still) has a job because his employers are not the American people. The FED is a private institution serving private interests. Period
"The last duty of a central banker is to tell the public the truth."
-Alan Blinder, former Federal Reserve Chairman
Agree 100%. Bernanke does not care about the American people. He is a tool of the banksters and corporate oligarchs, and heads up the organization that controls the world's reserve currency for private interests. He is a traitor for debasing that currency. If you see his lips move, then he is lying.
Exactly, and when has a central banker ever had to tell the truth?
NEVER -- END THE FED.
being wrong is just as good as being right all the time, just speculate against being wrong to profit.
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