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To keep coming out and to say there is no inflation...he is just digging his hole bigger and bigger...what is wrong saying there is inflation..its what he wants?????
Big Lies cannot be reversed, especially ones that impact interest rates as they are linked to bond prices as that will implode the Fed's Balance Sheet.
lol aggregate demand.
I made a resolution to be a better person this year. But I still really hate Bernanke.
bite fat man, eat. feed family.
Most transparent central bank in the world...HAHAHAHAHAHAHAH
is a self sustaining economy now precedent with a 5 trillion dollar infusion?
He should be down in a hole, and the first thing he should hear in the morning is;
"It puts the lotion into the basket."
Share this quote
Works on so many levels.
Beware The Day Of Purim. 19th-20th March
Thou art correct. Beware the days of Purim.
Highway of death.
Indeed. Also launch date of the Invasion of Babylon...I mean Iraq 2003 and the 20th march is the revolution march date for Saudi. I fear/know oil will spiral.
In order to get to Zion you have to go through the Nebuchadnezzar (The Babylonian King that captured Jerusalem in 597) ...The Matrix is all around you.
Have faith, they will eat their own tail.
this is like a fantasy -- 3.5% growth? if the peasants can't afford the gas to go to the store.....
he needs to do a few helicopter drops on the serfs....not just his friends at the banks.
Terrorist attack behind Wall Street collapse
Take The Red Pill (on another forum) said:
Well, the report is based on reality, and here are the financial terrorists implementing this plan:
1) The Federal Reserve (with head terrorists Bernanke, Sacks, Frost & Dudley).
2) Goldman Sachs.
3) JP Morgan (hello, Blythe).
4) Rothschild N M & Sons Ltd New Court 48 Carey St, City of London EC4P 4DU, United Kingdom 020 7280 5000
Boom...you said the R word...watch your back....this site is not pure.
Is the chairman of this committee illiterate or just slow in the head? Listening to him speak makes me want to repeatedly punch myself in the face.
he looks retarded and half asleep or on drugs
he's a politician, he is stupid, drunk, high, and retarded.
Sen Johnson had a stroke a few years ago. Being from South Dakota, he's in as thick as theives with the credit card companies.
He's going to blame the eventual stagflation on oil prices skyrocketing as the Middle East explodes. And next he'll tell me that wet streets cause rain.
"Who do you believe, me or your eyes ?"
"Post hoc ergo propter hoc".
er....doesnt he have a mandate to control inflation? just wonderin
He has it under control. He is 100% certain he can make it stop on a dime, roll over, and play dead. And he is certainly smart enough to know better. So, maybe he's just stretching the truth a wee bit...
Oh, it's controlled alright. It's a maneuver known as full-fucking-throttle.
Lying bilderderg bastard. Oh wait.
Baghdad Bob was more convincing than this.
"Pretenders" is the word to describe this bunch of liars and crooks.
Bernanke keeps pushing his QE straddle, and what a straddle it is.
Now, he claims QE is needed because of the housing crisis, and because PCE is down vs a year earlier, inflation will be 1 1/2% this year, and wage growth is slow.
Aside from using the PCE as nearly a sole crutch to claim inflation is low (he looked up and raised his eyebrows when asked about inflation retorting "Well, according to the PCE...hint hint, wink wink..."), he is just a pathological liar, and I see even his former allies abandoning him as there is clearly what a technician would call a 'hangman's noose' forming around his neck.
edit - oh, he just acknowledged commodity and oil price sprikes could "lead to sustained inflationary pressure." How grand of him.
For a quick summary transcript....
"Blah, blah, blah"
"Some risk blah, blah"
"We have / are tools blah, blah"
"Inflation under control but ready to act blah, blah"
"Worried about deflation blah, blah"
"QE who? blah, blah. Maybe, not saying. Blah, blah"
"We are confident that blah, blah"
Rising food prices? "It wasn't us blah, blah"
Mark to market? "Ruh roh, em uh. We are confident blah, blah"
Rinse and repeat.
Thanks for the summary! Couldn't bear to watch it myself.
Gotta read the meanings behind the words. eg . How do you make sure inflation expectations are well anchored? Hint : By making gdamm sure the sheple's incomes dont rise too much.
Teflon Twenty is getting hammered. What, no welfare checks anymore, Ben? Or are you just no match for Brent/WTI.
Silver fighting Brent pretty hard today. Best of luck to the bugs.
That is the same BS it said last year!
oil, food, copper etcetc - the Fed does not consider these prices to be under their purview. Not their problem. The ONLY inflation they care about is Wage Inflation. And yes they would like more emplyment. So in short - if the Fed is really really successful- we will have a country of har working serfs making very little money ( after all wages have not risen in real terms in 30 years!). To now worry about a 2% increase in wages - well -- you get the idea!
is anyone in that room going to stand up and tell the truth?????????
this is utter insanity.
In a time of universal deceit — telling the truth is a revolutionary act.
These minions of the system, are generally speaking to maintain the system, not challenge it.
Vested interests will always expend maximum effort to not lose that in which they are vested.
It's like watching State TV in Libya. You can get segments of it on Al Jazeera, they show LIbyan TV for laughs. It's all ponies and unicorns on State TV. Happy children lining up to enter school. Workers singing Gadaffi's praises while they toil. Women carrying pro-regime placards and ululating.
It is of course scripted and the message is entirely insane. Deranged, detached. It is intended from the outset not only to misinform, but to entirely unwind your ability to believe anything at all from anyone. Once you are helpless with mental confusion and self-loathing they proceed to do exactly as they like.
You don't have to believe any of it. You just have to watch. Your mind will break whether you believe it or not. And that is the intent.
at first i read segments as 'smegments'. this site is really having an effect on me. fits with the context, though.
when is someone going to call an end to this?
when are they going to stand up and admit that Bernanke has committed a catastrophic mistake?
According to Congressman Paul, the FED will call an end to this when they destroy themselves. Bernanke will get a job teaching in the Ivy League or England.
Does the Fed's charter end in 2013?
I read a ton of crazy stuff that it ends with the crazy Mayan calendar deal.
Is there someone with a JD that can opine on this?
Maybe the Fed needs to cause more financial disaster in order to keep their skin in the game.
2012: PM or Fed fiat?
Pick a side.
"One of the most transparent central banks in the world..."
For some reason, he reminds me of
What About Ben?
Baby steps B.S., baby steps.
... the Federal Reserve is the most transparent central bank ...
therefore the audit every year, no Bernanke?
robbery in broad daylight!
I thought it meant we will gladly show exactly how we are fucking you.
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