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Watch Bernanke's Q&A With FOMC Approved Sycophants Live Here
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.
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the general public will get a nice round of BS and lies.
I cant watch him. His whiney monotone reminds me of the schoolyard whimp.
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 CallsShakey McShakes is present...enhanced by stammering.
he has dry mouth from his medication?
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.
I had to watch, but not listen. This bernank-o-meter on cnbc is so lame.
CNBS wants to make the depression fun for all
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.
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.
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
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.
You aren't perchance European? They seem to be living well within their means.
Well done! You deserve to sit at the feet of 'The Master', BB himself.
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.
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.
Hey do you think 'irony' is "...like rain, on your wedding day..."?
OTOH thanks for the link, I was wondering who wanklord was mocking.
.
@ 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?
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.
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)
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.
"Again, what's your point.(sic)"
Well, that question(?) settles it then; you're not 'playing' dumb after all.
Good luck with that.
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.
Weighted average of Euro 13 countries: 57.9
Norway(#1), Sweden(#4), and Finland(#2) are all in the black.
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.
++
"Nice round" -- LOL. Sadly, from here until Election Day November 2012 the general public will be increasingly inundated with BS and lies.
Last month it was transitory, this month it is temporary. Next month it will never have existed.
We are here.
http://en.wikipedia.org/wiki/The_Course_of_Empire
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.
Make sure to get your tight stops in place.
JPM and GS will be out hunting and you want tight stops?
</sarc>
Does anyone really put stock in what this idiot says?
He does.
words cannot describe my absolute hatred for this man and the corporate institution he runs
+1 / 0
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.
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.
We should put together a Mystery Science Theater 3000 spin on these meetings for the enjoyment of all ZH'ers.
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"
Something on the order of the MST3K "Time Chasers" or "Space Mutiny" episodes, two of my favorites.
Good call E-Dog
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
"It is very theraputic to go all "Pollock" on the canvas. Beefs up the activism."
+1
/hat tip/
(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'.
He loves himself, and that's all that matters, right? haha
Unfortunately CNBC will. And most mainstream economists will.
And so the sheeple will as well.
That's pretty much everyone isnt it?
Shit, does that mean im one of the crazies?
'Fraid so, you and me both...
DavidC
I just watch to see if Liesman comes out and asks "Should I spit or swallow after this Mr. Chairman?"
Mr. Market says, 'just you watch'.
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
Would you mind being hooked up to a lie detector during your Q&A session?
That's the BEST question! The needle would be off the scale throughout!
Id pay good money to see that. Perhaps pay-per-view it.
They may have difficulty finding a pulse...
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.
I was going to watch but instead decided to something much less painful...Like sticking needles in my eyes...But thanks anyways:-)
Can someone please translate? I am a dummy. Tylers words are too big
Is that you Ben?
Translation, we are all fucked
Actually...
The lip quivering bald guy is the ventriloquist's dummy...
Don't let the Charlie McCarthy suit fool you...
Bernanke is the Great Wizard's personification? He chose a bumbling, short, bald, quackademic to talk down to the masses?
Shares some genes with his cousin BENito Mousolini...
The Bernank is Jack's anal sphincter.
...merely a device to attempt to bottleneck and control the flow of shit.
It's gonna be a love-in. Fiatpalooza '11
When is The Bernank going to start giving his press conferences from the US Government Printing Office over on North Capitol Street???
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.
Sorry, I can't stand to watch Bubbles Bernanke. It always leaves me nauseous!
"collocation"? Good one!
He needs to be bent over and given a train ass fucking, just like the one we all got.
japanification
At least Greenspan cured my insomnia. The Bernank keeps me up at night.
any chance anyone has the sack to ask ben about Gross' tweet?
i'm sure LIES-MAN will ask the tough hard hitting questions...
Watching him speak, I believe he lives on another planet.
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...
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
"...as random vacuum tubes blow in NYSE's ultramodern Mahwah collocation facility."???
Tyler, I'll have one of what ever your drinking/taking/smoking.
I noticed every time he speaks my gold stash gets a woody. It's temporary but still... you might want to check for yourself.
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.
Can't stand to watch the liar. He get's that stupid Blankfein "whadda ya mean?" look when he talks.
I wonder if Jamie Dimon was invited this time?
Revolt magazine...Mr Bernanke, why does your lip quiver and shake, are you lying or are you a crackhead sir?
Ben...both!
"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..."
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.
Schiff would be extremely entertaining too.
Pento likewise.
Maybe some Marc Faber and James Grant as well, give ole Bennie a woopfur.
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'...
Yawn..
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
"Price Stability" ?
ROTFL
Found this on GATA.org
Euro Crisis: Greek AusterityJim Rickards discussing SDRs (special drawing rights), sovereign debt, IMF, G20, inflation, Euro, central banks...
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.
.
Wow, this dude sure makes me want to send my kids to Princeton.
I will admit that I'm originally from Jersey and tell you that Mahwah is an appropriate choice of locale. (Backup choice: South Amboy)
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..
every time Bernanke speaks, the market goes up. Bernanke must think that he is the God.
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.
whats the Over/Under on lip quivers ?
The ergonomics of that intro were slicker than deer's guts on a doorknob, thanks tylers.
"if Gross, Santelli, and Ron Paul could ask questions." ?
That would be a MUST SEE.
That wasn't Unlce Ben, that was his teleprompter double, Paul Giamatti.
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.
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.
When the bogus CPI gets up over 5% that is when the trap door underneath Mr Bernanke should open to a 1000ft drop.
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.
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?
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.
Dupe
No matter what Bernanke says, it will be twisted by CNBC as positive to "buy stocks."
Not now, but I need more educationon the finer points of ES; the hows and whys. I am seeing it more often. Cheers.
I'm just gonna replay the first one cuz the original song is always the best.
Did Steve have any questions given to him by Santelli ?
Bernanke " subdued inflation rates..." WTF planet does this moron live on?
I would be willing to bet he says "transitory" a lot during this briefing.
Yippe! A drinking game!
Beat me to it, fucker.
Is this live or is it the April conference replay? WTF??
OOOPS! Junked mice elf.
Tyler has allowed one to reconsider and unjunk a prior vote. Click it again, it's fun.
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
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.
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.
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.
voice more quivering than usual
His voice is trembling again....
DavidC
Why's he always SO nervous? (rhetorical)
ALL HAIL THE GREAT FIAT AL HARAKIRI!
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."
'...dual mandate...'
Shut up Bernank.
DavidC
Fabulously well-written, Tyler! I read it with trepidation. The tungsten necklace certainly set off the entire ensemble. Brilliant!
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!
Must see TV bitchez...MUST SEE.
what is all that weird stuff in front of my post?
You maybe disabled rich-text then re-enabled it (?).
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.
April score card
http://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20110427.pdf
June score card
http://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20110622.pdf
the questions seem slightly less kiss *ss this time around
Typically quivering is based on confidence and truthfulness...............!
Fail !
"Mr. Chairman, is the tremble in your voice transitory or permanent?"
Oh, goody! An increase in "defense" spending will be coming. Syria? Lebanon? South China Sea? So many excellent choices.
Good question Hildenrath, says the chairman.
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.
And Liesman asks the most irrelevant question imaginable. Care to wager if there are any 'debt ceiling' questions....
Ben "Uh, duh, duh, uh, uh...um um uh duh"
Brilliant speaker.
Sounds nervous as shit to me! Mouth all dry and voice wavering. Losing confidence in his own PONZI.