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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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uh, duh, duh, uh, pernicious, um um uh duh - that might be even worse than just the uh, duh...
did he just warn that inflation is pernicious?
Central planning bitchez.
Ben just said we are not appreciative enough of him saving us from deadly, dangerous deflation.
Thanks Ben. The only cure to this catastrophe is your greatest threat?
"We only announce new asset purchase programs at select gatherings in Colorado so we can outline the exact effects on capital markets well before the genral public becomes aware"
End the FED.
Audit the FED.
Yes and Yes.
Edit: hmm, just found something intereting. Is the Fed merely a front to hide the real action of the Exchange Stabilization Fund (ESF) and U.S. Treasury?
http://www.marketskeptics.com/2011/06/the-esf-and-its-history.html
'Cutting Deficit = Job Growth'...really bro...really.
huge poop
His voice chops up a lot, I guess lieing and openly piullaging a nation and then getting infront of that same nation and telling it to their face even scares the shit out of these psychopaths.
You can tell that his hand is twisted by the way he talks, his voice chops up, he knows that he has to choose his words carefully because people are watching him , potentially threatening his life to make him do what hes doing.
He knows the things he says and the reports he gives out are full of shit.... they have to put on a good show to keep people investing in the stock market, because if investor money dries up, the jig will be up and the game will be afoot , a rush to the bottom is already on its merry way....from what he has said so-far, I take it that they are expecting a large market crash very soon, and that there are severe underlying problems that even they can't solve.
I really don't think anything the Fed does has any net effect on the economy (atleast not the real economy), 99% of money creation takes place in private banks and institutions like JPMorgan Chase, Bank of America, Td Bank, WellsFargo... etc... everytime a loan is created, the bank uses the credit of the borrower to add to its books... the bank borrows the borrowers credit and then takes it on its books like a deposit (just like if you walked into a bank and deposited cash) and then they just open the account for you to draw on the make believe funds . . . they do this with everything, credit cards, mortgages, car loans... thats why you have things like "sign and drive" because as soon as you sign on that dotted line the cars financinc company got their money (the car is paid in full on the books and legally).... anything you pay over in monthly payments is just a makebelieve contract (a thank you for selling me the car/ tipping/extra income/abanonded funds)....
This is how our monetary system works for the most part, and it breaks a lot of laws, codes, regulations, and the constitution, but no one talks about it because these big banks have too much power to squeeze whistleblowers to death.
non event, spx flirting with the upside, just to "suck" in more longs into this.
subject much more interesting about small chinese companies......shibor up, inflation up....
Small and Medium Sized Enterprises Challenge China
Greenspan on mute button duty
dont EVER ask him 2 questions at once, its just gives him an out to talk in circles
Bernanke says they have been "assiduous" (constant, unremitting) in examining exposure of U.S. banks to Greek contagion.
Yeah sure, is that like the food inspector being "assiduous" in the examination of his brother-in-laws restaurant?
What a crock.
Ben, take your quavering voice and obvious cow pie flinging and shove it.
All we need to know is that the banksters were bailed out on the backs of the responsible middle class family.
Look at gold, silver, and oil pop - the bullshit indicators are high.
Time to get this fed dawgie back under 12k. For good.
Mr. Chairman, have you done a stress test of how many millions have starved to death due to QE?
The moral hazard inherent in the Chairsatan speaking the words "too big to fail" is really remarkable.
Time to pull the plug irrespective of the near term consequences.
as tyler might say: must turn silver red by eod.
Right on cue, the markets are declining as the Bernank speaks. You can pretty much count on it that whenever his mouth is moving, the marketing is sinking. Easy money.
Bernanke is a master of crafting "words"...
Says there is no inflation.
Translation: "More margin hikes on gold, silver, oil will be coming forthwith."
LOL....
Risk assets being dumped by the algos again, everyone suddenly wants dollars and Treasuries again.
Wait! It's not Bernanke we hate, it's RobotTrader. Down with RobotTrader! Fie on Robottrader! It's RobotTrader what's be-trade us!
I junked you for being an idiot.
Is this guy talking in circles or what ?
"Can we square the cirle? Yes, we can".
Alan Blinder
That was the most interesting part for me, when Bernanke talked about "waiting for the data to come in".
Rather than allow free markets in 2008, the FED, the Treasury, and CONgress intervened and bailed out banks.
That intervention meant that the FED and government was determining the market rather than reacting to it.
You now have markets that are not free, and are waiting for the FED and Treasury and CONgress before they make real decisions.
At the same time you have the FED "awaiting incoming data".
When the FED to a large extent controls the results of the data it becomes a self-fulfilling prophecy.
"We pushed rates to zero, bailed out the banks, did not allow the markets to operate - but why oh why is unemployment up along with equity markets in the face of bad fundamentals. Gosh, we'd better 'wait for more data to come in'."
Unbeleviable.
A dog chasing it's own tail wondering why it is dizzy.
Let's remember that "confidence" is a major component of a nation's currency. Does anyone feel confident about this man's dialog? God forbid Geithner had the pedestal to speak.
Bernanke plays comedian:
[Laugh Track Plays]
+1 $GC; -1 $HG
Ben's level of confidence is non-existent.
+ 0
"inflation will fall back to core expectations "
bull shit...
inflation from QE2 is just showing up now
and it's looking like 40 %....
has the bernak been food shopping lately...
long silver and chocolate
why doesn't someone throw him off and ask where he sees gold going
wheres the guy to throw the shoe?
Actual Bernanke quote:
WTF does that even mean by a plain english translation?
Part of the slowdown is temporary, but a part of the slowdown is not?
here is another
"banks need more capital, BETTER QUALITY CAPITAL"
GOLD>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
Grasping...............at.....................straws.
He is "almost pregnant" with ideas of what can be done.
His best guess? WTF. Here comes the congress blame game.
Needs lying lessons
dead man walking .... he seems much yellow ... like someone who has seen it and know there is no way out of it .....
i liked Reuters question, would you consider buying bonds or as suggested by Jon (hiselntrath - WSJ) communications (plenty of wordsmithing ...)
Well, to the feds credit atleast they’ve done something…that’s more than I can say for the rest of the government.
other than the sagacious beard, why was bernankrupt chosen to chairman... he sounds like a bumbling stumbling idiot who interjects his string of uhhh's with actual english words that may or may not be correctly ordered for cogency.
Perhaps the words you are looking for are "useful idiot."
The Final Bear Raid
http://youtu.be/ccdXEYmn3Ec
Priceless. Biffermas has outdone himself with this one.
Bernanke:
Okay. When are you planning on rate hikes, you duplicitous bastard?
Fed's Bernanke says
US firm's and US banks exposure to euro-zone crisis
mainly indirect, no significant direct exposure,
this guy is a lying scumbag
amerikan banks have at least 160 bil of exposer
to greek CDS and interest rate swaps...
perhaps much more ...
And now PMs go into tankage mode
Higher Capital Requirements for To Big To Fail ='s Higher Leverage (0.04 / 0.4) for To Big To Fail Banks!
Either way "We the People" are fucked!
How come no one is talking about how the Chinese Dollar (Yuan / Renminbi) is 1,200% Leveraged.. and the U.S. Dollar is 120% Leveraged.. but yet we borrow monies from them?
How many U.S. Dollars were poured into China? before the collapse? by Blackstone / ad other Private Equity Group that used matching Federal Funds (with a 10% cap) to pump up China into the Monster? (1,200% Leveraged Monster) that it is..
How the Fuck do all the minds here ignore all of the above facts???????????
if you dont like the sources, you can find any other that you like.. these popped up first.
http://www.thepeacockden.com/2011/05/perceptions-lagging-facts-jim-grant.html
IMPROVING ACCESS TO CAPITAL FOR HIGH-GROWTH COMPANIES
File Format: PDF/Adobe Acrobat - Quick View
their access to capital significantly constrained. Investment in startup and early-stage companies ... Concurrently, later-stage firms' access to funds through the public ... Other recommendations focus on improving existing federal programs to match .... annual employee growth rate, and a minimum of 10 employees. ...
www.eda.gov/PDF/NACIE_Report-Access_to_Capital.pdf
Would you call me crazy if I told you that Google was funded by the NSA to become a ubiquitous Trojan Horse of global trend detection / threat assessment by search word logging and scanning ?
But the capability to do that is there, right ?
What about cloud computing ?
You don't need no private data storage anymore !
Trust the governm ..., erm, I mean the corporation.
I'm your Big Brother.
You love the Big Brother.
Everybody does !
Hail to the BIG BROTHER ! Down with Goldstein !
A-hahahahaha !
Robottrader is Big Brother, see my post above. All hail Bernanke, down with Robottrader!
No, I don't think you're crazy, my very rural domicile has been updated twice for google street view.
How does someone afford to drive down every road in America and film it with 2 people per vehicle and extremely expensive video equipment?
Get the deadbeats out of the pipeline...
Wait...it's over?? Shit.
yes lets speed up the fraudclosures........thats the answer (sarc/)
Not a tough question in the bunch. Obama gets a rougher ride.
....and now here comes Maria Barfalowrowmow to enlighten us, I'm sure, on how this will be good for stocks.
Fuck this. I'm going to go dance naked on the roof....I can't take it anymore
I actually like Maria.
I just lost the federal reserve feed? Who has another link?
And housing? Ben says the market needs to clear so we can have CONfidence again. LOL...
Stunning performance...Oscar worthy nomination for Best Supporting Actor wearing Depends.
The market sure is fighting to stay up on a day with no POMO.
What's really going on?
There will be no QE Manna From Heaven until entitlement programs are cut. Did you forget the plan or something?
I love that analogy..
Manna from heaven, that exactly nails it.
Ben Bernanke as Fortuna with the cornucopia also does.
Bernank is good, real good..
Top 5 of entire world population. Can any of you, rednecks,
can run local bank at least or Western union cash operation
unit :))) ? LOL.. I don't think so..
I'm kinda thirsty. What flavors do have at your Kool Aid stand?
+1
calling anonymous people rednecks is rich coming from somebody who can barely put together a sentence. but then again playing a weird game with yourself in which you position yourself as some sort of zh community provocateur is i guess your job and life as you see it.
"barely put together a sentence"
Well, English is not my native language, as most of you here.
And still 70% on this board don't know how to spell or do
simple Math.. No problem, I do understand that american education
was always under pressure. Guys, who barely speak English in
America, have better lifestyle than 80% of you here.. Do you
have paid off 500k house with the pool in good area? Yeah, Bob,
you don't, cause you are teaching others how to spell from your
trailer.
Keep driving your F-150 and buy as much Silver as your lousy
salary can allow.. Perhaps it's going to be OK for few bottles of
wine, after everything around you and your ZH friends just
collapse and world will come to the End..
Your post makes very little sense.
Apparently, spelling is not your only issue trying to communicate.
What's in that Kool Aid anyway?
I could run a local bank or Western Union franchise. In fact, I could and have qualifications to run WU and at least 20 other of the 82 FIs and banks that are components of the S&P500.
I'm fairly sure I've met more than half a dozen people in my life who are both smarter than I and still alive. However, none of them are named Bernanke.
http://www.wallstreetandtech.com/articles/231000178?cid=nl_wallstreettech_daily
Inside LulzSec: As Ambition Grows, Hacker Group Targets Secret Government DataThe Lulz Security group of rogue hackers is threatening to steal classified information from governments, banks and other high-ranking establishments, in what would be an escalation of its cyber attacks.
Would you call me crazy if I told you this is a CIA/NSA funded false-flag operation to provide a reason to crack down on these "hackers" and "terrorists" by strictly regulating the internet and the access to it ?
Where anonymity will be a thing of the past, if it isn't already ?
God knows how long we will still be able to freely communicate with each other here.
So enjoy it while it still lasts.
The Bilderbergers will soon turn the screws one more notch.
Where anonymity will be a thing of the past, if it isn't already ?
God knows how long we will still be able to freely communicate with each other here.
****************************************************************
The Internet.. like gun ownership.. is a control.. you feel safe being able to voice your opinion day in and day out minus anyone kicking in your door and dragging you to jail.. as well you feel like you can defend yourself by owning a gun..
Neither are true.. when / if the Internet becomes and issue for the Government and the direction that we are supposed to go in.. then the switch can get thrown.. but even if the switch was thrown, it would be harder to keep the herd heading the desired direction.
Even here at ZeroHedge.. 90% of the conversations are steered by cable news.. everyone is worried about how we need austerity and how china owns us..
China's Remnibi / Yuan is 1,200% Leveraged.. as opposed to the U.S. Dollar is 120% Leveraged.
Austerity because we can Not afford something 30 years from now based on the income levels that are in place today or modest gains.. verse having the top 1% who own 39%+ pay more than 4% in taxes.. collectible / collected tax dollars.
think of all the Plants that respond to me when I stir the pot! LULZ! BITCHEZ!!
So if you think LULZ is a danger to one of the most distracting, inundated Government Controls every developed.. you are just entertaining yourself with what the 24 hour news has on for you.. or the others..
You know the people who discuss the what ifs.. Kennedy, The FED and the like.. you ever notice that the people that discuss these things are always talking about how some alien licked their ballz right after they discuss some relevant facts? They always seem to have plenty of cash or time to make videos as well.. to shout down any reasonable voice? did you ever notice that?
Buy Gold and Silver to Protect Yourself from the FED's Printing Presses!
http://goldsilver.com/ref:1762
I bet he sounds alot better up close...and in person....(not so much like he's scared shitless, and expecting the roof to cave in on his "beard" at any moment.)
Just wow.
Same joke as last time. Made the mistake of playing chess with him. Is he a Bot?
What I gather from Bernanke, banks may be required to hold equities as part of a stronger liquidity requirement.
So what are they gonna do. Buy gold mining stocks when they spent the last six months naked shorting the crap out of them?
It's hard to imagine how a variable asset like stocks will meet the needs of "stronger liquidity requirement".
They would clearly play havoc with their reserve requirements.
Banks will be required to hold human beings as a stronger liquidity requirement.
No. Nyet. Nein. Uh-uh.
What did Bernanke say? why the market doesn't like it?
Don't you know? The market doesn't give a shit what he says.
Q&A session yet. Can someone asks him "was QE2 a success?"
Of course it was. What kind of Dicky question is that?
Silver went up from $18 to $50 is that create wealth? Yes,
at least for me. Stock Market rose nicely too. Is that positive?
Yes, for anyone who hold stocks or 401k which are 90% of population
except zH doomsters.
WTF is your problem then with QE2?
Gas prices and inflation were even higher in 2006-7 without it.
greeny: hamy wanger's 10th iteration.
don't you get tired of playing the faux persona game?
3mo bill at 0.01%
That's all you need to know about the "when" of a rate hike.
Bernanke and CNBC all pretend that he controls the market when we all know that the market tells him when to raise. 2-3 meetings my ass.
My guess is that when (and if I'm alive by then) the economy recovers, the 3mo reaches about 0.30%, expect a raise.
Wow, these T-Bill yields are incredible.
Yet another day in the world of Ponzi Finance, where "Paper" is trumping "Physical" once again.
Never in my lifetime have I seen such a long, relentless stream of buying into Uncle Gorilla loans of every stripe and color.
a short and uneventful life it has been, too. you obviously have missed the bond rally from the lows under carter/early reagan/volcker to now.
Is it me or does his voice sound shaky/nervous.
FUNNY HOW THERE ISNT MUCH CHATTER ABOUT QE3 FROM THE ZH SHEEPLE, THIS TIME! SEEMS ONLY A MATTER OF WEEKS AGO THAT MUMMY LEMMING AND ALL THE BABY LEMMINGS COULDNT SHUT UP ABOUT HOW THERE WAS GOING TO BE QE3, QE4, ETC. ANYWAY, JUST KEEP CARESSING EACH OTHER'S TESTICLES WHILE THE REAL WORLD CONTINUES OUTSIDE.
oops, had my caps on..
Need a stock market sell off to sell it, brother. Stay tuned.
Sycophants? But oh, Stevie LIESman is gonna be there! He'll give it to Bennie good.
"Watch Bernanke's Q&A With FOMC Approved Sycophants"That's a headline you won't see at Bloomberg, CNBC or the New York Times (because they are the chosen sycophants) and very good reason all their sharper readers with brains larger than a peanut are coming to ZH for some proper news
A perfect laser strike in headline writing to cut through all the institutionalised goofballs TD
Seriously Tyler? This is my favorite site by far. Everyone had their chance to watch Lord Ben Stinky on Fox. I refuse to watch that crap. Please don't post videos of this idiot on this site, it's all garbage, gives me a fucking headache, and there's no reason to watch it when everyone here can sum it up in 4 words "there is no recovery". For the sake of humanity!
the bernak speaks
says nothing...
Dow tanks to close
down 100 pts
All said while Rothschilds cum running down his chin.....
Berskanky.......
Watch the YouTube video...
Fallen Man: The Road to War & End of America
http://www.youtube.com/watch?v=bCjYx5kZ7EU
BRILLIANT!!!
jesus.. he sounds like he's in elementary school giving a book report.
Bernanke still speaks !!!!
The man should be behind bars not giving press conferences having robbed Americans of their wealth and transferred it to his Wall Street owners and European Banks
As long as there's big black dudes with homo tendencies behind the bars also im cool with that. Otherwise behind bars just isn't good enough because the likes of Ben Stinky go to island resort like prisons. They have everything, they just can't leave. Or so they say.