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Watch Bernanke's Q&A With FOMC Approved Sycophants Live Here

Tyler Durden's picture




 

At 2:15 pm the general public will watch with fascination as Ben Bernanke descends into his throne, in his dollar green Vera Wang wearing a stunning Control Print and Arpels tungsten necklace, following with trepidation each and every shake and quiver of his chin in those ultra rare instances when he speaks the truth. He will be surrounded by a cohort of FOMC preapproved sycophants who, as can be seen on the clip below, are now on page 2 of Monetary Policy for Dummies, which they started reading back on April 27 during the first ever FOMC press conference. As usual, nothing of significance will be asked, and most certainly, answered, but do expect the dollar (and, inversely, ES) to go up, then down, then up, and so forth as random vacuum tubes blow in NYSE's ultramodern Mahwah collocation facility.

Live TV by Ustream

 

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Wed, 06/22/2011 - 13:25 | 1392321 baby_BLYTHE
baby_BLYTHE's picture

the general public will get a nice round of BS and lies.

Wed, 06/22/2011 - 13:49 | 1392392 10kby2k
10kby2k's picture

I cant watch him. His whiney monotone reminds me of the schoolyard whimp.

Wed, 06/22/2011 - 14:08 | 1392470 TruthInSunshine
TruthInSunshine's picture

Ben 'Shakey McShakes' Bernank, quivering, twitching, trembling face and lips, telling sweet, massive lies, back in 2005, 2006 and 2007, but no one in the press would dare mention how incredibly and tragically wrong his 'models,' 'opinions,' 'forecasts,' and other such nonsense were then, even as they hang on his every lying word, now:

YouTube - Ben Bernanke's Incredibly Wrong Past Calls
Wed, 06/22/2011 - 14:18 | 1392514 Cdad
Cdad's picture

Shakey McShakes is present...enhanced by stammering.

Wed, 06/22/2011 - 14:31 | 1392557 10kby2k
10kby2k's picture

 

he has dry mouth from his medication?

Wed, 06/22/2011 - 14:28 | 1392575 Cdad
Cdad's picture

"I think we are in a different position this year.  Clearly not where we would like to be."  B. Bernank

Very inspiring.  Between him and DC, we have dumped $7 trillion into the system, and yet we are not where we want to be.  Great.

Wed, 06/22/2011 - 14:31 | 1392587 10kby2k
10kby2k's picture

 

I had to watch, but not listen.  This bernank-o-meter on cnbc is so lame.

Wed, 06/22/2011 - 14:40 | 1392612 SilverIsKing
SilverIsKing's picture

CNBS wants to make the depression fun for all

Wed, 06/22/2011 - 15:01 | 1392730 Crisismode
Crisismode's picture

The Depression will grind on, for many,many years, long after CNBS is not even a fleeting memory in the worm-eaten brains of dead, white, male economists.

Wed, 06/22/2011 - 15:10 | 1392752 nope-1004
nope-1004's picture

Benocide is drugged up on anti-anxiety meds.  Mouth is dry, lazy eye-lids, slow speach.

So now the guy in charge of this decovery is drugged up when speaking to the public?  For shame, dude.  Quit.  Go away.  It's all lies anyway, and everyone knows it.

 

Wed, 06/22/2011 - 17:31 | 1392632 TruthInSunshine
TruthInSunshine's picture

OT:

This is ex-Reagan Budget Director David Stockman on the Dylan Ratigan show today talking about failure of Bernanke, QE1 & 2, etc., and the Greatest Heist ever by Wall Street from Main Street, and is EPIC.

Tyler - can you please make this a separate article with video?

http://www.msnbc.msn.com/id/31510813/#43500720

Wed, 06/22/2011 - 13:47 | 1392397 wanklord
wanklord's picture

Americans are a bunch of stupid animals easy to manipulate and subdue. The sooner the US economy collapses the better, so these brutes will finally learn NOT to live beyond their means.

Wed, 06/22/2011 - 13:55 | 1392428 dracos_ghost
dracos_ghost's picture

You aren't perchance European? They seem to be living well within their means.

Wed, 06/22/2011 - 14:07 | 1392466 Unholy Dalliance
Unholy Dalliance's picture

Well done! You deserve to sit at the feet of 'The Master', BB himself.

Wed, 06/22/2011 - 14:12 | 1392484 dracos_ghost
dracos_ghost's picture

I think BB is a d-Bag -- another little globalist Ivy League dilletante who is way out of his league. It's just interesting that wanklord says the "brutish US" is abhorrent and yet the Fed's balance sheet extended primarily to European banks to bail out their "brutish" citizens living beyond their means is OK.

People who live in glass houses and all that ...

We're all getting f&*ked by international bankers US/European/Japanese/Chinese, take your pick.

 

Wed, 06/22/2011 - 14:23 | 1392526 SMG
SMG's picture

Nah he's above all nations, look at his avatar.  http://en.wikipedia.org/wiki/Adam_Weishaupt   His avatar was one of the oligarchy taking advantage of our weaknesses to enslave us.

 

Wed, 06/22/2011 - 21:51 | 1393660 GoinFawr
GoinFawr's picture

Hey do you think 'irony' is "...like rain, on your wedding day..."?

OTOH thanks for the link, I was wondering who wanklord was mocking.

Wed, 06/22/2011 - 22:00 | 1393665 GoinFawr
GoinFawr's picture

.

Wed, 06/22/2011 - 14:31 | 1392578 GoinFawr
GoinFawr's picture

@ Draco:

And I thought you were being sarcastic...

Top three 'living within their meansers' hail from which continent?

http://www.guardian.co.uk/news/datablog/2010/may/27/debt-deficit-oecd-co...

How do you like your crow; rare or baked into a humble pie?

Wed, 06/22/2011 - 14:49 | 1392652 dracos_ghost
dracos_ghost's picture

Hmm, the only ones living within their means are Norway and Korea -- which last time I looked were two different continents. Everyone else is deficit spending([sic] living beyond their means).

What's your point.

 

Wed, 06/22/2011 - 15:14 | 1392707 GoinFawr
GoinFawr's picture


Sorry but playing dumb doesn't work with me; even if you're not actually playing.

So you're at least able to see that our leader is from Europe? Just looking at debt, not 2010 budget deficits (which are irrelevant anyway if the nation is carrying a positive balance), who is in second place?

...Really,hunh. Which continent again?

I wouldn't ask, but I am curious to hear the rationale you use to reconcile these facts with your sarcastic (such as it was)

"You aren't perchance European? They seem to be living well within their means."

comment, seeing as Europe is the continent where the leaders in fiscal responsibility are located.

Perhaps there is an invisible north american country with low debt that only you can see?

(eww, dude you better hurry: pie's getting cold)

Wed, 06/22/2011 - 15:15 | 1392773 dracos_ghost
dracos_ghost's picture

Ok. So now it's Norway,Finland and Korea living within their means and Japan, Italy and Greece living beyond their means(and yes the US is not far behind, and so is the rest of the charted world for god's sake)

Again, what's your point. I never said the US was not in trouble with debt. It was your buddy Wanklord making it sound like the US is the only culprit in this global fiasco which is why I was sarcastic.

There is plenty of blame to go around.

Again, as I said, WE ARE ALL FUCKED by the international banking cabal.

Wed, 06/22/2011 - 15:33 | 1392825 GoinFawr
GoinFawr's picture


"Again, what's your point.(sic)"

Well, that question(?) settles it then; you're not 'playing' dumb after all.

Good luck with that.

Wed, 06/22/2011 - 16:06 | 1392967 dracos_ghost
dracos_ghost's picture

Ok Cubby, let's go.

Gotta love the EU types. When it suits their purpose, they are a single entity, when it doesn't they isolate themselves.

According to your own OECD data link:

Euro entities = 770

vs the US at 72.

So as a big "Happy European Union", your debt dwarfs everyone else and is an order of magnitude larger than the US. Seems like you and WankerLord buddy should get a room.

Wed, 06/22/2011 - 23:44 | 1393061 GoinFawr
GoinFawr's picture

Weighted average of Euro 13 countries: 57.9

 

Norway(#1), Sweden(#4), and Finland(#2) are all in the black.

Wed, 06/22/2011 - 15:12 | 1392759 Urban Redneck
Urban Redneck's picture

Check the national debt figures, not just the deficit.  Living beyond your means doesn't mean you can't spend more than you make in a given year, if you have something saved.  Also, the OECD data is skewed in favor of the US because it excludes debt issued by administrative divisions. 

Wed, 06/22/2011 - 23:35 | 1392914 GoinFawr
GoinFawr's picture

++

Wed, 06/22/2011 - 14:02 | 1392447 ZakuKommander
ZakuKommander's picture

"Nice round" -- LOL.  Sadly, from here until Election Day November 2012 the general public will be increasingly inundated with BS and lies.

Wed, 06/22/2011 - 14:53 | 1392675 TapperIsTicked
TapperIsTicked's picture

Last month it was transitory, this month it is temporary. Next month it will never have existed.

Wed, 06/22/2011 - 15:36 | 1392806 hedgeless_horseman
hedgeless_horseman's picture

There is the moral of all human tales;
'Tis but the same rehearsal of the past.
First freedom and then Glory - when that fails,
Wealth, vice, corruption - barbarism at last.
And History, with all her volumes vast,
Hath but one page...

We are here.

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

Wed, 06/22/2011 - 14:43 | 1392635 The Deacon
The Deacon's picture

What is a sycophant?

Would an example be the lady from American Banker who asked Ben if he was concerned banking regulation was 'moving too fast or going too far'?

Now there's a tough question right there.

Wed, 06/22/2011 - 13:29 | 1392324 HelluvaEngineer
HelluvaEngineer's picture

Make sure to get your tight stops in place.

Wed, 06/22/2011 - 13:41 | 1392364 qussl3
qussl3's picture

JPM and GS will be out hunting and you want tight stops?

Wed, 06/22/2011 - 13:42 | 1392369 HelluvaEngineer
HelluvaEngineer's picture

</sarc>

Wed, 06/22/2011 - 13:25 | 1392325 DonnieD
DonnieD's picture

Does anyone really put stock in what this idiot says?

Wed, 06/22/2011 - 13:30 | 1392328 mayhem_korner
mayhem_korner's picture

He does.

Wed, 06/22/2011 - 13:47 | 1392386 baby_BLYTHE
baby_BLYTHE's picture

words cannot describe my absolute hatred for this man and the corporate institution he runs

Wed, 06/22/2011 - 14:08 | 1392480 Caviar Emptor
Caviar Emptor's picture

+1 / 0

Wed, 06/22/2011 - 14:09 | 1392490 Dr. Richard Head
Dr. Richard Head's picture

I would at least give it a shot to paint into words your disdain for this man.  It is great for the soul. 

Cant Understand Normal Thinking is one of the first ones that pop into my head, but then again I am a Dick Head.

Wed, 06/22/2011 - 14:57 | 1392703 AldoHux_IV
AldoHux_IV's picture

His genocidal tendencies are linked to this #1 mandate of preserving finanical stability which is another way of saying he is pro-banks even if it means killing the real economy.  This kind of perpetuation of an insolvent system that winds up hurting so many in the process is one of many reasons why I think he is a lowly person who's not worth his weight in dog shit-- as a matter of fact I would prefer to have a big pile of steaming dog shit at the head of the federal reserve than this lunatic psychopathic moron.  He needs to be put down.

/edit: not sure if the soul feels better, but for sure the rage grows the more this idiot speaks.

Wed, 06/22/2011 - 15:08 | 1392738 Dr. Richard Head
Dr. Richard Head's picture

We should put together a Mystery Science Theater 3000 spin on these meetings for the enjoyment of all ZH'ers.

Wed, 06/22/2011 - 15:34 | 1392831 AgShaman
AgShaman's picture

I would be grateful.

Be sure to invite Joel, Crow, and Tom Servo.....and takes us down memory lane

MST3K...."Broadcasting from the Satellite of Love Tour"

Wed, 06/22/2011 - 15:53 | 1392905 ElvisDog
ElvisDog's picture

Something on the order of the MST3K "Time Chasers" or "Space Mutiny" episodes, two of my favorites.

Wed, 06/22/2011 - 16:50 | 1393129 AgShaman
AgShaman's picture

Good call E-Dog

Wed, 06/22/2011 - 15:16 | 1392787 Metropolis_Minx
Metropolis_Minx's picture

Are you a painter, too, Dr. Head?

I agree. It is very theraputic to go all "Pollock" on the canvas. Beefs up the activism.

 

M_M

 

Wed, 06/22/2011 - 15:24 | 1392802 downrodeo
downrodeo's picture

"It is very theraputic to go all "Pollock" on the canvas. Beefs up the activism."

 

+1

 

/hat tip/

 

 

Wed, 06/22/2011 - 23:37 | 1392948 GoinFawr
GoinFawr's picture

(Puts on tinfoil hat) Wasn't Pollock's work a CIA supported psyop or some'at? http://old.disinfo.com/archive/pages/dossier/id260/pg1/index.html If so I'm not sure what brand of 'activism' imitating him could 'beef up'.

Wed, 06/22/2011 - 14:53 | 1392673 Silver Dreamer
Silver Dreamer's picture

He loves himself, and that's all that matters, right? haha

Wed, 06/22/2011 - 13:50 | 1392393 Popo
Popo's picture

Unfortunately CNBC will.  And most mainstream economists will.   

And so the sheeple will as well.

 

 

Wed, 06/22/2011 - 13:58 | 1392423 qussl3
qussl3's picture

That's pretty much everyone isnt it?

Shit, does that mean im one of the crazies?

Wed, 06/22/2011 - 14:03 | 1392450 DavidC
DavidC's picture

'Fraid so, you and me both...

DavidC

Wed, 06/22/2011 - 13:55 | 1392429 johngaltfla
johngaltfla's picture

I just watch to see if Liesman comes out and asks "Should I spit or swallow after this Mr. Chairman?"

Wed, 06/22/2011 - 14:07 | 1392478 Shell Game
Shell Game's picture

Mr. Market says, 'just you watch'.

Wed, 06/22/2011 - 14:31 | 1392591 trentusa
trentusa's picture

Hey uh Donnie, who asks the questions after these speeches? If somebody let me up in that conference room with, say, some press credentials from Zerohedge well let's just say Ben Bernanke doesn't want to get in the arena w/ the little 'ol likes of me treating him as a hostile witness

Wed, 06/22/2011 - 13:31 | 1392329 aerial view
aerial view's picture

Would you mind being hooked up to a lie detector during your Q&A session?

Wed, 06/22/2011 - 13:36 | 1392355 sbenard
sbenard's picture

That's the BEST question! The needle would be off the scale throughout!

Wed, 06/22/2011 - 13:36 | 1392361 equity_momo
equity_momo's picture

Id pay good money to see that. Perhaps pay-per-view it.

Wed, 06/22/2011 - 14:37 | 1392616 MrPike
MrPike's picture

They may have difficulty finding a pulse...

Wed, 06/22/2011 - 14:42 | 1392637 trentusa
trentusa's picture

Me, or him? I personally believe in transparency, and that one should never do anything he doesn't want to talk about later on in public open & honestly, bc often the only strength lies in virtue, so nah I ain't scared of no lie detector, but I bet 'ol Ben might feel otherwise. As a matter of fact I already put my reputation on the line, regarding said fact.

Wed, 06/22/2011 - 13:27 | 1392330 alien-IQ
alien-IQ's picture

I was going to watch but instead decided to something much less painful...Like sticking needles in my eyes...But thanks anyways:-)

Wed, 06/22/2011 - 13:32 | 1392331 plocequ1
plocequ1's picture

Can someone please translate? I am a dummy. Tylers words are too big

Wed, 06/22/2011 - 13:34 | 1392342 Cassandra Syndrome
Cassandra Syndrome's picture

Is that you Ben?

Wed, 06/22/2011 - 13:47 | 1392385 camaro68ss
camaro68ss's picture

Translation, we are all fucked

Wed, 06/22/2011 - 13:31 | 1392349 Problem Is
Problem Is's picture

Actually...
The lip quivering bald guy is the ventriloquist's dummy...

Don't let the Charlie McCarthy suit fool you...

Wed, 06/22/2011 - 13:36 | 1392362 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bernanke is the Great Wizard's personification?  He chose a bumbling, short, bald, quackademic to talk down to the masses? 

Wed, 06/22/2011 - 13:42 | 1392380 mayhem_korner
mayhem_korner's picture

Shares some genes with his cousin BENito Mousolini...

Wed, 06/22/2011 - 14:10 | 1392475 TruthInSunshine
TruthInSunshine's picture

The Bernank is Jack's anal sphincter.

...merely a device to attempt to bottleneck and control the flow of shit.

Wed, 06/22/2011 - 13:35 | 1392351 mayhem_korner
mayhem_korner's picture

It's gonna be a love-in.  Fiatpalooza '11

Wed, 06/22/2011 - 13:32 | 1392333 Problem Is
Problem Is's picture

When is The Bernank going to start giving his press conferences from the US Government Printing Office over on North Capitol Street???

Wed, 06/22/2011 - 15:10 | 1392750 InconvenientCou...
InconvenientCounterParty's picture

When they clear out more pallets of shrink wrapped linen. I read the US is in talks with the Taliban, so it should be soon.

Wed, 06/22/2011 - 13:28 | 1392334 sbenard
sbenard's picture

Sorry, I can't stand to watch Bubbles Bernanke. It always leaves me nauseous!

Wed, 06/22/2011 - 13:32 | 1392339 mirac
mirac's picture

"collocation"?  Good one!

Wed, 06/22/2011 - 13:34 | 1392343 Ancona
Ancona's picture

He needs to be bent over and given a train ass fucking, just like the one we all got.

Wed, 06/22/2011 - 13:30 | 1392348 10kby2k
10kby2k's picture

japanification

Wed, 06/22/2011 - 13:37 | 1392356 zorba THE GREEK
zorba THE GREEK's picture

 At least Greenspan cured my insomnia. The Bernank keeps me up at night.

Wed, 06/22/2011 - 13:37 | 1392357 101 years and c...
101 years and counting's picture

any chance anyone has the sack to ask ben about Gross' tweet? 

Wed, 06/22/2011 - 13:48 | 1392401 brew
brew's picture

i'm sure LIES-MAN will ask the tough hard hitting questions...

Wed, 06/22/2011 - 13:35 | 1392358 Ray1968
Ray1968's picture

Watching him speak, I believe he lives on another planet.

Wed, 06/22/2011 - 13:38 | 1392363 Mercury
Mercury's picture

At 2:15 pm the general public will watch with fascination as Ben Bernanke descends into his throne, in his dollar green Vera Wang wearing a stunning Control Print and Arpels tungsten necklace, following with trepidation each and every shake and quiver of his chin in those ultra rare instances when he speaks the truth.

Uh-oh, inappropriate laughter - I'm trying to act like I'm paying attention on a conference call and you guys aren't making it easy...

Wed, 06/22/2011 - 13:50 | 1392366 Threeggg
Threeggg's picture

Here is exactly what the Bernank will say.

Word for Word !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

http://www.liveleak.com/view?i=994_1308680056

anybody want a QE-3 (Lollypop) tease tease ???????????????

LOL

 

Wed, 06/22/2011 - 13:41 | 1392367 Wakanda
Wakanda's picture

"...as random vacuum tubes blow in NYSE's ultramodern Mahwah collocation facility."???

Tyler, I'll have one of what ever your drinking/taking/smoking.

Wed, 06/22/2011 - 13:42 | 1392368 GeneMarchbanks
GeneMarchbanks's picture

I noticed every time he speaks my gold stash gets a woody. It's temporary but still... you might want to check for yourself.

Wed, 06/22/2011 - 13:40 | 1392372 bankonzhongguo
bankonzhongguo's picture

Federal Open Market Committee.

Its as "Federal" as Federal Express.

Its certainly not "open" to you or me.

It has nothing to do with any real definition of "a Market."

 

I guess they are a Committee.

Wed, 06/22/2011 - 13:41 | 1392373 digalert
digalert's picture

Can't stand to watch the liar. He get's that stupid Blankfein "whadda ya mean?" look when he talks.

Wed, 06/22/2011 - 13:40 | 1392374 BORT
BORT's picture

I wonder if Jamie Dimon was invited this time?

Wed, 06/22/2011 - 13:44 | 1392375 Eireann go Brach
Eireann go Brach's picture

Revolt magazine...Mr Bernanke, why does your lip quiver and shake, are you lying or are you a crackhead sir?

Ben...both!

Wed, 06/22/2011 - 13:40 | 1392377 mayhem_korner
mayhem_korner's picture

"Here ya go, Ben" (hands scripted questions). 

"Don't forget we've got Goldman paying out on each "transitory" and the under/over for "accommodative" is 5 with JP." 

(makeup artist applies final powdering)

"On 5, 4, 3..."

Wed, 06/22/2011 - 13:41 | 1392379 vegas
vegas's picture

The only way I would watch the excrement pile known as the Bernank, is if Gross, Santelli, and Ron Paul could ask questions. Now, that would be a presser. Until then, expect the usual Steve Liesman types to continue the sycophant softball BS we have all come to know and love.

 

Just can't watch this lying dufuss.

Wed, 06/22/2011 - 13:56 | 1392416 qussl3
qussl3's picture

Schiff would be extremely entertaining too.

Pento likewise.

Wed, 06/22/2011 - 14:39 | 1392623 MrPike
MrPike's picture

Maybe some Marc Faber and James Grant as well, give ole Bennie a woopfur. 

Wed, 06/22/2011 - 16:39 | 1393084 mayhem_korner
mayhem_korner's picture

Excellent!  How about Celente, Farber, and the Bernank on a debate panel moderated by Mark Levin and our guy Reggie Middleton?  That'd be lotsa lip quiverin'...

Wed, 06/22/2011 - 13:48 | 1392389 virgilcaine
virgilcaine's picture

Yawn..

Wed, 06/22/2011 - 13:51 | 1392396 FranSix
FranSix's picture

3-mo.  Treasury Bill rate:  0.01% (negative interest rates expected)

http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/

Futures Chain In Gold Prices (backwardation in gold expected)

http://finance.yahoo.com/q/fc?s=GCM11.CMX

Wed, 06/22/2011 - 13:47 | 1392399 PaperBear
PaperBear's picture

"Price Stability" ?

ROTFL

Wed, 06/22/2011 - 13:52 | 1392405 Temporalist
Temporalist's picture

Found this on GATA.org

Euro Crisis: Greek Austerity

Jim Rickards discussing SDRs (special drawing rights), sovereign debt, IMF, G20, inflation, Euro, central banks...

Wed, 06/22/2011 - 13:51 | 1392413 Marty Rothbard
Marty Rothbard's picture

I like to watch the Bernank's press conferences fullscreen, while porn videos play underneath.  I have always liked to hear women moan, while I am getting fucked.

Wed, 06/22/2011 - 15:37 | 1392560 baby_BLYTHE
baby_BLYTHE's picture

.

Wed, 06/22/2011 - 13:51 | 1392415 Motorhead
Motorhead's picture

Wow, this dude sure makes me want to send my kids to Princeton.

Wed, 06/22/2011 - 13:58 | 1392420 Miss Expectations
Miss Expectations's picture

I will admit that I'm originally from Jersey and tell you that Mahwah is an appropriate choice of locale.  (Backup choice:  South Amboy)

Wed, 06/22/2011 - 14:21 | 1392517 Shell Game
Shell Game's picture

Mahwah.. reminded me of Magua and then this scene in the NC Smoky Mountains.

http://www.youtube.com/watch?v=7tiKM4fxY1U

May that Bernanke could meet his end this way..

Wed, 06/22/2011 - 13:55 | 1392425 YesWeKahn
YesWeKahn's picture

every time Bernanke speaks, the market goes up. Bernanke must think that he is the God.

Wed, 06/22/2011 - 13:55 | 1392427 yogibear
yogibear's picture

It's time for the rest of the world to refuse US paper currency. Higher rates of returns for any US borrowing. The US cannot pay it's debts without printing worthless paper.

Wed, 06/22/2011 - 14:00 | 1392432 Seasmoke
Seasmoke's picture

whats the Over/Under on lip quivers ?

Wed, 06/22/2011 - 13:57 | 1392435 GoinFawr
GoinFawr's picture

The ergonomics of that intro were slicker than deer's guts on a doorknob, thanks tylers.

Wed, 06/22/2011 - 14:01 | 1392440 PaperBear
PaperBear's picture

"if Gross, Santelli, and Ron Paul could ask questions." ?

That would be a MUST SEE.

Wed, 06/22/2011 - 14:01 | 1392443 P-K4
P-K4's picture

That wasn't Unlce Ben, that was his teleprompter double, Paul Giamatti.

Wed, 06/22/2011 - 13:59 | 1392448 gwar5
gwar5's picture

The politicians and synchophants are all now agents of the banks, consolidating assets into public ones so the banks can foreclose.  Why wouldn't they? The taxpayers have been disconnected from debt/deficit spending and where all their paychecks are really coming from.

Wed, 06/22/2011 - 14:03 | 1392451 YesWeKahn
YesWeKahn's picture

Sorry, what was your question again? Does the FED print money? No, we don't print. Did the FED policy cause inflation of asset prices? No, I don't see any sign of that.

Wed, 06/22/2011 - 14:04 | 1392454 PaperBear
PaperBear's picture

When the bogus CPI gets up over 5% that is when the trap door underneath Mr Bernanke should open to a 1000ft drop.

Wed, 06/22/2011 - 14:01 | 1392457 Guarded Pessimist
Guarded Pessimist's picture

Does his voice quaver because he is nervous speaking in front of people? Or does he always talk like that? It would annoy the hell out of me if I had to listen to his voice quaver like that all the time.

Wed, 06/22/2011 - 14:07 | 1392459 AlaricBalth
AlaricBalth's picture

Mr. Bernanke. As an alleged expert on the causes and effects of the Great Depression, you must be familiar with Winthrop W. Aldrich's (former President of the Chase National Bank) testimony on  Feb. 22, 1933, to the Senate Finance Committee on the causes of the Great Depression and possible remedies. During testimony Mr Aldrich states that the U.S. "should avoid further artificial efforts to force an expansion of bank credit. It was forced expansion of bank credit from 1922 to 1928 that was responsible for a great part of the present trouble. The renewal of government security purchases by the Federal Reserve Banks following the break in 1929, and especially in early 1930 was responsible for the false stock market boom in early 1930, and the renewal of excessive security issues which complicated, very much, the difficulties in the period that followed...The volume of bank credit in the country does not depend alone on the volume of bank reserves. It depends also on the temper of the business community, which is governed by the prospects for business, and on the movements of goods and on the prices at which goods move. There is no use trying further to force it from the other end by an artificial increase in bank reserves...The prestige and reputation for financial integrity of the American government, of the U.S. Treasury and of the Federal Reserve Bank are two of the biggest capital values in the world and two of the most essential features of the world financial organization. Wantonly to destroy them, quite apart from the question of morality, would be an act of economic destruction of fearful magnitude."

Mr Bernanke, why have you not learned from history and why are you causing the greatest economic destruction the world has ever seen?

Wed, 06/22/2011 - 14:13 | 1392503 Caviar Emptor
Caviar Emptor's picture

On the contrary, Ben took a page from the 1929-32 Fed. He knew in advance what the consequences of his policies would be. Like all hopeless cases, he believes the trouble was that the failed experiment simply wasn't done "enough". There are no other proposals on what the Fed should do but cram liquidity down the throat of its cronies and hope they'll buy a few suits. 

Wed, 06/22/2011 - 14:22 | 1392504 Caviar Emptor
Caviar Emptor's picture

Dupe

Wed, 06/22/2011 - 14:02 | 1392463 Cult_of_Reason
Cult_of_Reason's picture

No matter what Bernanke says, it will be twisted by CNBC as positive to "buy stocks."

Wed, 06/22/2011 - 14:07 | 1392468 Fur Trader
Fur Trader's picture

Not now, but I need more educationon the finer points of ES; the hows and whys.  I am seeing it more often.  Cheers.

Wed, 06/22/2011 - 14:08 | 1392472 mynhair
mynhair's picture

I'm just gonna replay the first one cuz the original song is always the best.

Wed, 06/22/2011 - 14:11 | 1392477 PaperBear
PaperBear's picture

Did Steve have any questions given to him by Santelli ?

Wed, 06/22/2011 - 14:08 | 1392485 Mr Kurtz
Mr Kurtz's picture

Bernanke " subdued inflation rates..." WTF planet does this moron live on?

Wed, 06/22/2011 - 14:12 | 1392486 PaperBear
PaperBear's picture

I would be willing to bet he says "transitory" a lot during this briefing.

Wed, 06/22/2011 - 14:10 | 1392491 mynhair
mynhair's picture

Yippe!  A drinking game!

Wed, 06/22/2011 - 14:27 | 1392545 topcallingtroll
topcallingtroll's picture

Beat me to it, fucker.

Wed, 06/22/2011 - 14:08 | 1392488 rubearish10
rubearish10's picture

Is this live or is it the April conference replay? WTF??

Wed, 06/22/2011 - 14:16 | 1392499 rubearish10
rubearish10's picture

OOOPS! Junked mice elf.

Wed, 06/22/2011 - 14:50 | 1392676 Shell Game
Shell Game's picture

Tyler has allowed one to reconsider and unjunk a prior vote. Click it again, it's fun.

Wed, 06/22/2011 - 14:14 | 1392492 Mr Rogers
Mr Rogers's picture

CNBC ran a poll earlier today regarding the Bernanke.  It was something to the effect of "do you support the moves Bernanke has been making"?

It was 98 to 2% against him. LOL

Wed, 06/22/2011 - 14:19 | 1392508 ebworthen
ebworthen's picture

 

Per a CNBC screen pop-up

"FOMC predicts 3.9% growth and 7.3% unemployment in 2013"

ROFLMFAO!

Yeah, right.

And 28 TRILLION of national debt?

And no higher taxes or raised rates?

They are toking deeply on the hookah filled with hashish oil and shredded dollar bills.

 

Wed, 06/22/2011 - 14:26 | 1392561 Rynak
Rynak's picture

I germany, "someone" a few years ago promised to "half" the number of unemployed..... by driving wages lower and beating unemployed harder....... it was widely publicly ridiculed, i.e. by explaining visually that he probably means to "halve" the number itself (splitting it into two numbers).

For "some reason", in the following years, that number decided to instead go up.

Wed, 06/22/2011 - 14:18 | 1392509 Caviar Emptor
Caviar Emptor's picture

What amazes me is that average Americans today are not fooled: ask them and they don't see an improving economy, they thinks it's gotten worse since 09. 

Wed, 06/22/2011 - 14:19 | 1392510 topshelfstuff
topshelfstuff's picture

voice more quivering than usual

Wed, 06/22/2011 - 14:19 | 1392511 DavidC
DavidC's picture

His voice is trembling again....

DavidC

Wed, 06/22/2011 - 14:20 | 1392515 augie67
augie67's picture

Why's he always SO nervous?  (rhetorical)

Wed, 06/22/2011 - 14:21 | 1392519 Rynak
Rynak's picture

ALL HAIL THE GREAT FIAT AL HARAKIRI!

Wed, 06/22/2011 - 14:22 | 1392521 thedrickster
thedrickster's picture

Anyone else see Dino Kos dress down Becky Quick this morning?

Kos - "The Chairsatan has conducted research and determined that Japan's lost decade was simply a case of the central bank doing too little, too slowy. The Charisatan has spoken you insolent little minx."

Wed, 06/22/2011 - 14:19 | 1392527 DavidC
DavidC's picture

'...dual mandate...'

Shut up Bernank.

DavidC

Wed, 06/22/2011 - 14:24 | 1392528 goldcoastgirl
goldcoastgirl's picture

Fabulously well-written, Tyler! I read it with trepidation. The tungsten necklace certainly set off the entire ensemble. Brilliant!

Wed, 06/22/2011 - 14:24 | 1392529 topcallingtroll
topcallingtroll's picture

Wow!

There was a google ad on the zh home page with a picture of a smoking hot girl who wants to chat with me!

I tried to get back to it but it was replaced with an ad for compliance software.

Please come back smoking hot babe. I didnt mean to snub ya!

Wed, 06/22/2011 - 14:24 | 1392530 JSD
JSD's picture

Must see TV bitchez...MUST SEE.

Wed, 06/22/2011 - 14:21 | 1392533 goldcoastgirl
goldcoastgirl's picture

what is all that weird stuff in front of my post?

 

Wed, 06/22/2011 - 14:36 | 1392596 ebworthen
ebworthen's picture

You maybe disabled rich-text then re-enabled it (?).

Wed, 06/22/2011 - 14:39 | 1392604 Mad Cow
Mad Cow's picture

Click "Disable rich-text" when you paste from another program. Then you can edit out the HTML code. Or be sure to copy only text and no HTML.

Wed, 06/22/2011 - 14:25 | 1392536 oogs66
oogs66's picture

the questions seem slightly less kiss *ss this time around

 

Wed, 06/22/2011 - 14:23 | 1392546 Threeggg
Threeggg's picture

Typically quivering is based on confidence and truthfulness...............!

 

Fail ! 

Wed, 06/22/2011 - 14:24 | 1392549 JSD
JSD's picture

"Mr. Chairman, is the tremble in your voice transitory or permanent?"

Wed, 06/22/2011 - 14:28 | 1392550 ZakuKommander
ZakuKommander's picture

Oh, goody!  An increase in "defense" spending will be coming. Syria? Lebanon? South China Sea? So many excellent choices.

Wed, 06/22/2011 - 14:28 | 1392551 GoldmanSux
GoldmanSux's picture

Good question Hildenrath, says the chairman.

Wed, 06/22/2011 - 14:28 | 1392552 John McCloy
John McCloy's picture

Haven't we been hearing him tell us the recovery will pick up shortly for nover two years? If he is still Fed Chairman in 2 years when we are watching the conferences we will not even know 2 years have gone by since his language never changes.

Wed, 06/22/2011 - 14:25 | 1392553 johngaltfla
johngaltfla's picture

And Liesman asks the most irrelevant question imaginable. Care to wager if there are any 'debt ceiling' questions....

Wed, 06/22/2011 - 14:29 | 1392556 firefighter302
firefighter302's picture

Ben  "Uh, duh, duh, uh, uh...um um uh duh"

Brilliant speaker.

Wed, 06/22/2011 - 14:32 | 1392573 DB Cooper
DB Cooper's picture

Sounds nervous as shit to me!  Mouth all dry and voice wavering.  Losing confidence in his own PONZI.

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