This page has been archived and commenting is disabled.

Watch Chairsatan Bernank Lie To A Room Full Of Sycophant Journalists Live

Tyler Durden's picture





 

Sorry, we can't take credit for "chairsatan" - that one has Bill Gross written on it all the way... What can we say: the man sure can be a genius, especially when he isn't buying government subsidized BAB bonds. And when subsidies no longer work out, coming up with creative epithets sure is a great way to let off steam. That said, watch the full Bernanke NPC Q&A at the link below.

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 02/03/2011 - 13:53 | Link to Comment redpill
redpill's picture

I've suddenly lost my appetite

Thu, 02/03/2011 - 14:35 | Link to Comment bankrupt JPM bu...
bankrupt JPM buy silver's picture

"QE helped provide jobs"  Okay, does he think everyone is that dumb?  Seriously.  I mean I know there are complete sheep idiots watching and nodding there head, but seriously, holy fuck, this is epic.

 

http://silvergoldsilver.blogspot.com/

Thu, 02/03/2011 - 14:36 | Link to Comment bankrupt JPM bu...
bankrupt JPM buy silver's picture

Emerging mtk inflation "NOT A dollar EFFECT"  hahahah, I cant watch this anymore, this is just getting dumb.

http://silvergoldsilver.blogspot.com/

 

Thu, 02/03/2011 - 15:03 | Link to Comment Hdawg
Hdawg's picture

I assume you've never read the protocols these people live by...

http://www.iamthewitness.com/Protocols-of-Zion.htm

the bit about inflating the world's wealth away should resonate.

Sat, 02/05/2011 - 20:59 | Link to Comment Hephasteus
Hephasteus's picture

The whole thing resonates. I especially like the gold one. Because it's kind of funny. People will destroy the governments with gold which will destroy the bankers power over them. But then the people will INSIST that our money follow it's last tenent of usefulness. That it be widely available because everyone needs it. It won't be a fiat system as we know it because it will simply destroy the foolish notions of interests that is inherently exponential that is nonetheless accounted in a balance sheet as something linear. LOL

Cash as only accepted tender. But in the meantime screw with JP Morgan buy silver.

http://www.crystalinks.com/chippewa.html

Thu, 02/03/2011 - 15:29 | Link to Comment LongSoupLine
LongSoupLine's picture

Okay, does he think everyone is that dumb?  Seriously.

 

He's even sent his internet trolls out to the various market sites.  Check this asshat out!

http://seekingalpha.com/user/764315/stocktalk

Thu, 02/03/2011 - 17:14 | Link to Comment andybev01
andybev01's picture

"Honorable Fed Chairman Ben Bernanke, we salute you...for stopping US from a Depression...thank you..."

Was he saying that while on his knees unzipping the chairmans trousers??

Thu, 02/03/2011 - 23:49 | Link to Comment TruthInSunshine
TruthInSunshine's picture

The 100% confident Ben Bernanke and his amazing track record:


Bernanke speaking on October 27, 2005: There's No Housing Bubble to Go Bust - washingtonpost.com

Thu, 02/03/2011 - 13:52 | Link to Comment Salinger
Salinger's picture

666

Thu, 02/03/2011 - 14:16 | Link to Comment TradingJoe
TradingJoe's picture

make that 333! speculators are going viral, this is not a good sign of things to come! the crash will be epic and leave many wondering in disbelief! most people think there is enough money going around, well there isn't! it all stops at the "bank", ergo, to little money chasing too many goods....am sure you know what this means!

Thu, 02/03/2011 - 14:34 | Link to Comment nope-1004
nope-1004's picture

He said:

 

"inflationary pressures in emerging markets are due to increased demanbd from the EM's and in food, their desire to change their diet and demand more sophisticated foods.  Also, the EM's themselves have been reluctant to impose monetary constraints to ease price increases."

 

I watched literally 35 seconds of this idiot lie his ass off, and I can't take it anymore.  The devil is speaking here folks.  He is setting the world up for a massive disaster.

 

Thu, 02/03/2011 - 14:46 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Nope, the Benbabwe's no dope.

He's just a man on a mission for his masters. 

After all, the knows things like the fact that the basement of the FRNY is foreign territory.

He's safe. 

As for the rest of us, time to disconnect, eh? The world, as I see it, is already a massive disaster. His equally nauseous predecessor made sure of that.

Benbabwe and Greenspam! A rather inflationary duo.

ORI

http://aadivaahan.wordpress.com/2011/02/03/my-vision-for-cairo-and-giza-4th-february-2011/

Thu, 02/03/2011 - 14:54 | Link to Comment nope-1004
nope-1004's picture

Well, sociopathic tendencies are most prevalent in those individuals that are very intelligent.  Wisdom, well, that's another matter.

Let me rephrase:

Ben Bernank is so smart that he knows he's leading the world over a cliff but his allegiance to the "office" entails that he must publicly make false statements such as commodity prices inflation in food staples like corn and rice are due to "more sophisticated diets" in EM's and not a result of US monetary policy.

 

Thu, 02/03/2011 - 15:16 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

Not to mention that SOP for all the f***ing p.t.b. is the Big Lie. I suspect some of them even believe their own press...... that's how whacked they are

Thu, 02/03/2011 - 15:17 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Well rephrased Sir.

Indeed.

ORI

Thu, 02/03/2011 - 15:26 | Link to Comment Overpowered By Funk
Overpowered By Funk's picture

I thought i smelled sulfur.

Thu, 02/03/2011 - 15:13 | Link to Comment curbyourrisk
curbyourrisk's picture

Nobody remembers the last 6 months of 2008....that was so last decade!

Thu, 02/03/2011 - 15:17 | Link to Comment Hdawg
Hdawg's picture

You got that right brother,

Imagine A World Without The Khazars...

Thu, 02/03/2011 - 18:01 | Link to Comment Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

Chairsatan?  More like Chairstain...  Chairstain Berstanky..

Thu, 02/03/2011 - 14:00 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Reading the ChairCreature's comments was bad enough.

For the massochistic hell bent on getting rapidly rising blood pressure and or a fit of breaking shit, be my guest.

I like to believe I'm a mature, mild-mannered person, but Bernanke is the one guy I would love to beat down and force my freshly worn underwear into his mouth, while bitching to him that cotton and almost all other commodities are rocketing higher due to his insane policies, which his dearly beloved CPI bullshit meter is purposefully designed to disregard, and provide him cover.

Thu, 02/03/2011 - 14:04 | Link to Comment redpill
redpill's picture

If you're going to yell at him while your underwear is in his mouth, at least tell him something he doesn't already know but just refuses to admit.  

Thu, 02/03/2011 - 14:07 | Link to Comment palmereldritch
palmereldritch's picture

Would that be sharting the dollar?

Thu, 02/03/2011 - 15:08 | Link to Comment jtearre
jtearre's picture

  • +100

Thu, 02/03/2011 - 15:36 | Link to Comment I Am The Unknow...
I Am The Unknown Comic's picture

LOL!   I hope it leaves a bad taste in his mouth!

Thu, 02/03/2011 - 14:29 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Not freshly worn, but rather underwear I didn't change while on a 6 day hiking trip through the Blue Ridge Mountains.

Ben deserves the very best I have to offer.

Thu, 02/03/2011 - 14:46 | Link to Comment sharkbait
sharkbait's picture

I have a pair of 4-day (inside, outside, frontside, backside) that are on the second cylce through that he can have.

Thu, 02/03/2011 - 15:01 | Link to Comment DaveyJones
DaveyJones's picture

be careful, he might have a fetish.

Thu, 02/03/2011 - 13:56 | Link to Comment koaj
koaj's picture

he makes me physically ill

Thu, 02/03/2011 - 13:57 | Link to Comment ms1408
ms1408's picture

Man I love the fact that the Satan-Bernank has to give his speech just as gold spikes $20 in a few minutes. Excellent timing ...

Thu, 02/03/2011 - 13:58 | Link to Comment FunkyMonkeyBoy
FunkyMonkeyBoy's picture

The best example of human filth there is.

Thu, 02/03/2011 - 14:03 | Link to Comment palmereldritch
palmereldritch's picture

Satan...Santa.  Sometimes, apparently, it's a fine line.

Thu, 02/03/2011 - 14:13 | Link to Comment Village Idiot
Village Idiot's picture

Satan Clause - has a nice ring to it.

Thu, 02/03/2011 - 14:03 | Link to Comment sodbuster
sodbuster's picture

There's no way I could watch- I'd have to buy new monitors.

 

Thu, 02/03/2011 - 14:29 | Link to Comment nicholforest
nicholforest's picture

+1000

Thu, 02/03/2011 - 14:04 | Link to Comment Rider
Rider's picture

 

Satan to jail!

Thu, 02/03/2011 - 14:07 | Link to Comment TruthInSunshine
TruthInSunshine's picture

"Let them eat POMO's wake."

Thu, 02/03/2011 - 14:06 | Link to Comment Chuck Bone
Chuck Bone's picture

I prefer the term chairlatan.

Thu, 02/03/2011 - 14:11 | Link to Comment aheady
aheady's picture

Very nice.

Sat, 02/05/2011 - 21:06 | Link to Comment Hephasteus
Hephasteus's picture

I prefer Uncle Benocide's Fancy Premium Rice factory

Thu, 02/03/2011 - 14:07 | Link to Comment EscapeKey
EscapeKey's picture

I'd rather pick my nose than watch that JPM manservant lie on TV.

Thu, 02/03/2011 - 14:50 | Link to Comment The Rock
The Rock's picture

I would rather watch you pick your nose than watch the spawn of satan too.

Thu, 02/03/2011 - 14:08 | Link to Comment Zero Govt
Zero Govt's picture

Cheer up, this prime chump is headed for the chopper and the history books along with Bank of America I and Bank of America II..... he wants recognition, he sure is gonna get it!

Thu, 02/03/2011 - 14:17 | Link to Comment EscapeKey
EscapeKey's picture

Doubtful. The plan is that he'll be part of the group writing tomorrows history books.

His reign will be considered glorious.

Thu, 02/03/2011 - 14:11 | Link to Comment Sudden Debt
Sudden Debt's picture

I've heard there once was a time when journalists did research and where able to ask serious questions.

 

 

Thu, 02/03/2011 - 14:11 | Link to Comment umop episdn
umop episdn's picture

For yet another weapon, swifter than hunger, the Lord of the Fiat Reserve had: dread and despair. Ooopsie, I meant syncophant 'journalists.'

from the zh manifesto (thanks to the Tyler):

  • to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become.
Thu, 02/03/2011 - 14:13 | Link to Comment Artful Dodger
Artful Dodger's picture

It's very easy to hear his voice become higher and uncomfortable when he is saying something he doesn't believe.

Thu, 02/03/2011 - 14:18 | Link to Comment equity_momo
equity_momo's picture

Hes very uncomfortable when he has to talk nonsense that is for sure. Which is why he is nearly always uncomfortable.

Watching him just makes me want to buy a farm in Idaho with a secure water supply. its gone well past the stage of swapping FRNs for Gold coins.

Thu, 02/03/2011 - 14:14 | Link to Comment Golden monkey
Golden monkey's picture

Gold 1500$ soon.

The sheeple is done.

Thu, 02/03/2011 - 14:14 | Link to Comment lsbumblebee
lsbumblebee's picture

Remember what the doctor said Ben. You can control your lip quiver. Just don't think about it.

Thu, 02/03/2011 - 14:15 | Link to Comment fragrantdingleberry
fragrantdingleberry's picture

After he finishes destroying the middle class, the Bernank will head back to Princeton where he will indoctrinate another generation of Wall Street wannabees in Keynesian economics.

Thu, 02/03/2011 - 14:15 | Link to Comment cougar_w
cougar_w's picture

When they line up to take turns sucking him off, I'm leaving.

Thu, 02/03/2011 - 14:17 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Someone just came in to tell me that Bernank is on C-Span live.

On a larger screen, you can see this pathological liar shaking and quivering like he was on '60 Bloviating, Bullshitting Minutes.'

He looks like shit. This guy is so sleep deprived, I now have no doubt he's being water-boarded by the Squid & JP Morgue, on a regular basis.

Thu, 02/03/2011 - 14:21 | Link to Comment Cdad
Cdad's picture

Brother Truth,

Indeed, he is quivering.  I noticed a nice surge in selling as the quiver in his voice appeared.  The tv scanning software trolls have engaged.  This ought to be rich.

Thu, 02/03/2011 - 14:50 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Once he catches his full, lying stride, his confidence seems to peak, slightly, though.

 

He's a true marathoner of bullshit, that's for sure.

Thu, 02/03/2011 - 15:32 | Link to Comment DonnieD
DonnieD's picture

I listened to the audio in my car. His voice was shaking as if someone had a gun to his head. The man definitely does not project confidence. The end of the charade must be near.

Thu, 02/03/2011 - 16:42 | Link to Comment DaveyJones
DaveyJones's picture

beware the ides of march

Thu, 02/03/2011 - 17:21 | Link to Comment andybev01
andybev01's picture

+100 for "Bloviating"

Thu, 02/03/2011 - 14:19 | Link to Comment Wynn
Wynn's picture

Is it legally possible for some state AG to challenge the Fed?

Thu, 02/03/2011 - 14:22 | Link to Comment unwashedmass
unwashedmass's picture

 

you know, that's a thought. a very interesting thought.

bernanke is robbing  the middle class blind deaf and dumb and funneling all the wealth to the banks.

interesting thought.

Thu, 02/03/2011 - 14:27 | Link to Comment TruthInSunshine
TruthInSunshine's picture

The Criminal Reserve is a private entity (as it claimed when Bloomberg News sued it under FOIA), or a public entity (as it claims it is when advocating its powers over monetary policy), depending on who is asking and what the priority is.

They would no doubt claim they're immune from state suit by AGs, even though this would never be brought forth, because they're an 'arm of the Federal Government,' or some similar argument, and therefore enjoy governmental immunity.

They'd also argue the states have no legal standing, among other things, to bring any legal cause of action that could be adjudicated by the courts.

Thu, 02/03/2011 - 14:42 | Link to Comment Commander Cody
Commander Cody's picture

The Fed is above the law.  They answer to no one other than the slime ball bankers that comprise their cabal.  End it now!

Thu, 02/03/2011 - 14:44 | Link to Comment Wynn
Wynn's picture

Sometimes the mere act of bring a suit, even if failure is the known outcome, can have a desirable effect.

The 10th ammendment has been all but rendered obsolete by the ever growing federal government. Perhaps some strong willed states will finally draw a line in the sand, and push back.

Thu, 02/03/2011 - 14:35 | Link to Comment Wynn
Wynn's picture

Or, perhaps the UN could bring one of their "crimes against humanity" charges.

 

Thu, 02/03/2011 - 17:24 | Link to Comment andybev01
andybev01's picture

Oh yeah, those are always good for a 'strongly worded' statement.

Thu, 02/03/2011 - 16:12 | Link to Comment MachoMan
MachoMan's picture

Why wouldn't it be?  Just depends on what the FED does...  The problem that you run into, practically speaking, is that states are beholden to the monetary and fiscal (is there really a difference?) policies of our federal government...  As a result, if an AG were to say, cry foul for the devaluation of the dollar, said AG would be talking out both sides of his mouth, given his state would likely be dependent on bennie bucks to operate.  Further, practically speaking, your AG is a state employee, who is reliant upon bennie bucks to fund his 401k and state pension...

Short answer, technically yes, practically no.

Thu, 02/03/2011 - 16:49 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

you're right, of course, 'cause not one of the 50 has the ballz. If one did, he can just lie to the public like all the other assholes do, recuse himself from state financial matters, set up a new position, or whatever. Unfortunately, would need legislators to rapidly pass statutes, perhaps = no way. OR, I return to my original opener......... 

Thu, 02/03/2011 - 18:26 | Link to Comment MachoMan
MachoMan's picture

Of course I'm right, internal forces never stop bureaucracy...  this is how we snowball out of control...  everyone has a hand in the cookie jar.  [I find it hilarious that so many people despise the food riots, but take full advantage of the dollars underpinning the american black hole].

Thu, 02/03/2011 - 14:20 | Link to Comment TwoJacks
TwoJacks's picture

if you'd like to hammer the journalists with your thoughts about the fed and the ben bernank, go to twitter and use the hash tag #npclunch

 

they will all see what you are saying, so opinions, i.e. - vote of no confidence, will be read loud and clear

Thu, 02/03/2011 - 14:21 | Link to Comment Gordon Freeman
Gordon Freeman's picture

This is wild, wacky stuff! Hey-oooooh!

Thu, 02/03/2011 - 14:22 | Link to Comment Gordon Freeman
Gordon Freeman's picture

OMG--now we have to listen to Lavorgna...

Thu, 02/03/2011 - 14:23 | Link to Comment Johnny Lawrence
Johnny Lawrence's picture

From the National Press Club website:

Ben Bernanke, the chairman of the Federal Reserve, will address the National Press Club at a luncheon on February 3, 2011. The head of the Federal Reserve is often called the “second most powerful position in the country.” Bernanke has steered the economy through the greatest economic crisis since the Great Depression and will discuss the burgeoning economic recovery.

Thu, 02/03/2011 - 14:28 | Link to Comment spanish inquisition
spanish inquisition's picture

What I would like to hear,

Benny -  "If you don't mind, I would like to depart from my written statements and state some obvious facts that may have eluded some of you in the media. The main mandate of the FED is the continued survival of the FED.

In terms of the secondary "mandates" of interest rates and unemployment, those are used to further the first mandate by rescuing our ownership through the financial institutions they own. We have made great strides in this by sacrificing a few large non owners so that we can funnel money into our group.

How was this accomplished? We used corruption. Not the inefficient Afghanistan warlord drugs and money that the US government complains about. We are talking about the highly tuned systemic US government style corruption. Front loaded campaign contributions, junkets and hookers while sitting or after career consulting gigs. Maybe a little blackmail, if it is not too distasteful (a joke, I could not resist).

So having laid the foundation of survival of ownership, we need to begin to shore up our finances by printing more money. We also may need to make adjustments in the Fx, stock and bond markets. This may cause some short to long term side effects to those not in the FED distribution and franchisee system.

That said, we really don't know what we are doing. But what we have done has worked somewhat in the past to save ourselves (hey, the FED is still here, right?).

After that we will see what we can do for you. Honest. 

Now back to my statement..."

Thu, 02/03/2011 - 17:26 | Link to Comment andybev01
andybev01's picture

At this point:

"If you don't mind, I would like to depart from my written statements and state some obvious facts....."

the power goes out in the club.

Thu, 02/03/2011 - 14:23 | Link to Comment Racer
Racer's picture

He must be very scared of showing any sort of facial expression with the amount of Botox he uses!

Thu, 02/03/2011 - 14:24 | Link to Comment palmereldritch
palmereldritch's picture

Technically, if he blows up the entire monetary system he avoids a Depression...right?

Thu, 02/03/2011 - 14:27 | Link to Comment unwashedmass
unwashedmass's picture

 

given where we are today....and how the eyptians are saying that "tomorrow is the day of departure" for hosni so they will probably have all out war in the streets tomorrow....

this guy should be shittin' bricks.....i mean how bad can you fuck up? Ben is showing us -- world devastation.

Thu, 02/03/2011 - 14:28 | Link to Comment NOTW777
NOTW777's picture

how can anyone lie like this?

he says he wants the public to know what he s doing - r u kidding?

will he tell the truth about the ponzi scheme? the shoveling of taxpayer $ to obama bank contributors? the world wide disaster inflation/food riots etc

Thu, 02/03/2011 - 14:28 | Link to Comment Assetman
Assetman's picture

Fed's Bernanke says unemployment, inflation likely to defy Fed mandate

That snippet was picked up from RAN Squawk.

If the Chair-satan actually uttered those comments, it really makes you wonder what the hell they've been doing over the past 18 months.

They can't meet either mandate that keeps them in existence... but they can drive the stock market to new highs?

What the hell good is that?  QE is simply not working for the reasons Bernanke stated back in Jackson Hole last year.  The only thing QE has done is artifically kept the yield curve steep and jacked up paper asset prices.

As for that inflation mandate... well, you gotta be kidding me.

Thu, 02/03/2011 - 14:29 | Link to Comment tellsometruth
tellsometruth's picture

i liked when the press laughed when he said fed committie not moving on more regular press conferences... glad they think this is funny... sad

Thu, 02/03/2011 - 14:28 | Link to Comment mrgneiss
mrgneiss's picture

His post-speech remarks about "FED transparency" (can you think of a better definition of an oxymoron) seemed aimed to take the wind out of Ron Paul's sails.

Thu, 02/03/2011 - 14:29 | Link to Comment silver_serf
silver_serf's picture

When Bernanke says he values transparency, he's talking about his clothes...

Thu, 02/03/2011 - 14:36 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Ahhh, they asked a question about food prices and revolution (shocking), and the ChairShitStain said prices are rising all because of emerging market demand.

He is Pontius Pilate, and thus washes his hands, with a glib *and deceitful* answer.

 

*Edit - he adds that food is rising in price in Egypt because food in Egypt is priced in Egyptian Dollars, and not USD.

2nd Edit - he was asked if QE is designed to raise equity prices, and he claimed no, but rising equity prices are a byproduct of QE. Then he says that QE is designed to get money off the sidelines, essentially. Nice double-speak, lying fuck face.

Wow.

Thu, 02/03/2011 - 16:34 | Link to Comment MachoMan
MachoMan's picture

So he admits that universal and pervasive price inflation is the design of QE and that, as a derivative, people will be forced to convert their cash holdings into something else (presumably stocks or other financial assets), thus relieving the sidelines of its cash... 

This ounce is for you bennie.

Thu, 02/03/2011 - 14:29 | Link to Comment unwashedmass
unwashedmass's picture

 

he's now saying "fuck you" to anyone outside the US......

that will help international relations

 

Thu, 02/03/2011 - 14:31 | Link to Comment Chuck Bone
Chuck Bone's picture

Lol @ "they (emerging markets) can adjust their exchange rates which they are reluctant to do in some cases."

Yea, they don't though because we force them to peg their currency to ours or we won't give them billions in aid or sell them arms!

Thu, 02/03/2011 - 14:32 | Link to Comment tellsometruth
tellsometruth's picture

what is this format... our a nation press club the actual press is not asking questions... just a mediator with pre submit q n a   bs

Thu, 02/03/2011 - 14:36 | Link to Comment silver_serf
silver_serf's picture

It's kinda like Obama's "town hall" style meetings, but with an extra dose of transparency

Thu, 02/03/2011 - 15:27 | Link to Comment tellsometruth
tellsometruth's picture

the most transparent administration of in history remeber

Thu, 02/03/2011 - 14:33 | Link to Comment Johnny Lawrence
Johnny Lawrence's picture

This part of the speech is unfuckingbelievable:

By comparison, the Federal Reserve's purchases of longer-term securities have not affected very short-term interest rates, which remain close to zero, but instead put downward pressure directly on longer-term interest rates. By easing conditions in credit and financial markets, these actions encourage spending by households and businesses through essentially the same channels as conventional monetary policy, thereby supporting the economic recovery.

This is a complete and utter lie.  The total opposite has happened.

Thu, 02/03/2011 - 18:23 | Link to Comment Gordon Freeman
Gordon Freeman's picture

Right on!  That's when my jaw hit the floor.  The 30 has gone nowhere but up since Jackson nHole--what the fuck is he thinking?!?

Thu, 02/03/2011 - 14:34 | Link to Comment Moric
Moric's picture

Anyone think he sounds nervous through the whole talk?

Thu, 02/03/2011 - 14:37 | Link to Comment unwashedmass
unwashedmass's picture

 

yes.

Thu, 02/03/2011 - 15:31 | Link to Comment tellsometruth
tellsometruth's picture

especially after question on Auditng the Fed, when he launced into an explantion of how transparent they are, and that the "audit the fed" bills are political reigning in attempts of the fed, and how dangerous congressional control of our money would be... so living by our constitution? Dangerous for the status quo me thinks

Thu, 02/03/2011 - 14:36 | Link to Comment william the bastard
william the bastard's picture

My colleagues and I have said that we will review the asset purchase program regularly in light of incoming information and will adjust it as needed to promote maximum employment and stable prices. In particular, it bears emphasizing that we have the necessary tools to smoothly and effectively exit from the asset purchase program at the appropriate time.-Ben Bernanke February 3, 2011

--LIAR. It'll be a 10 locomotive train wreck in an jungle shitstorm.

Thu, 02/03/2011 - 14:38 | Link to Comment AldoHux_IV
AldoHux_IV's picture

We need to end the fed and stop the manipulative lies.  I'm sure Hitler actually believed he was doing the best he could for his nation as well-- that's the problem with psychopaths-- they actually believe their own sick twisted reality.  Bernanke should be tried for the crimes he and the fed are committing.  In addition to ending the fed, we need to reform the treasury and throw Geithner in jail as well.  This system will end peacefully or violently, but like the rest of the Arab nations you can only oppress for so long without getting a reaction the other way.

The death penalty for Bernanke and Geithner will only be the beginning of more justice to come.

Thu, 02/03/2011 - 14:56 | Link to Comment mrgneiss
mrgneiss's picture

Do you really think Bernanke is actually making the decisions or is he just a mouthpiece for the banking cabal which owns the FED?

Thu, 02/03/2011 - 15:26 | Link to Comment AldoHux_IV
AldoHux_IV's picture

No doubt there are more involved that are responsible and should be held responsible, but if you end the fed and central banks, you get the banking cabal by the balls. The list is long as far as (ir)responsible cohorts, you can even blame the IMF for this centrally planned debacle and look to the G20 as implementers of the agenda.

Thu, 02/03/2011 - 14:41 | Link to Comment Mongo
Mongo's picture

Please let there be a transcript of his bullshit... it will be an epic peace of written crap that must be quoted as a definition of evil bullshit.

Thu, 02/03/2011 - 14:42 | Link to Comment unwashedmass
unwashedmass's picture

what's that APMEX phone number again?

this is downright terrifying....this guy knows he's fucked up......

and just listening to him you know he's praying no one asks a real question...

we are all so screwed. so screwed....

how did we get to a place where one man could destroy the world trying to test his graduate thesis?

Thu, 02/03/2011 - 14:42 | Link to Comment Convolved Man
Convolved Man's picture

Aahhh, excuse me Mr. Bernanke, but there are some men out here on camels who would like to speak to you.

Thu, 02/03/2011 - 14:45 | Link to Comment Racer
Thu, 02/03/2011 - 14:46 | Link to Comment bankrupt JPM bu...
bankrupt JPM buy silver's picture

Ben looks in good spirits, he must still be feeling the lingering effect of Cialis.

Thu, 02/03/2011 - 14:51 | Link to Comment Racer
Racer's picture

Maybe he was telling the 'truth' then... determined to keep inflation low by not measuring properly all the inflationary things in the figures that measure inflation... there is no problem....

Thu, 02/03/2011 - 14:46 | Link to Comment unwashedmass
unwashedmass's picture

 

jesus, when this all explodes it is going to be horrific.

Thu, 02/03/2011 - 14:47 | Link to Comment tellsometruth
tellsometruth's picture

"Only so far we can kick this can down the road"

-Ben

 

Thu, 02/03/2011 - 14:47 | Link to Comment buzzsaw99
buzzsaw99's picture

:vomits:

Thu, 02/03/2011 - 14:47 | Link to Comment cougar_w
cougar_w's picture

The press dudes doesn't care of the Chaircreature lies. They have a requirement from their owners and editor to come up with good news for the paper to run, and Ben gives it to them, so they can keep their jobs.

The world as we have known it is gone. Not going --- gone. Everyone will CYA from here out, fact.

Make up your own mind about things. You have all the data you need. The media and the government are the walking dead.

Thu, 02/03/2011 - 14:53 | Link to Comment tellsometruth
tellsometruth's picture

cougar i like you i have read your comments for a long time

Thu, 02/03/2011 - 14:49 | Link to Comment topcallingtroll
topcallingtroll's picture

Guys i just replaced a huge windshield on a 2008 odyssey for 190 dollars including labor. Quit just looking at food and commodities. I was expecting 700 dollars cuz this is a huge van windshield.

Thu, 02/03/2011 - 14:56 | Link to Comment Theta_Burn
Theta_Burn's picture

safelite? love those guys

Thu, 02/03/2011 - 15:27 | Link to Comment anony
anony's picture

Chances are the glass was made for a buck.

Those things you rarely need are for sale cheap.  How many w/s do you replace in a lifetime?

Bread, butter, twinkies, li'l Debs, eclairs, nuts, and chocolate however have doubled in price in the last two years.

A single swallow does not a printemps make.

 

Thu, 02/03/2011 - 15:45 | Link to Comment dark pools of soros
dark pools of soros's picture

its freaking glass and the labor is simple - heck it was probably under warranty and they jived you $190 for nothing

Thu, 02/03/2011 - 14:51 | Link to Comment topcallingtroll
topcallingtroll's picture

Ben always has a tremulous voice but he is holding up well so far.

Thu, 02/03/2011 - 14:54 | Link to Comment ExploitTheMarket
ExploitTheMarket's picture

El Bernanko sounding a bit more nervous than usual when answering a question on auditing the FED.... Trying to say the Fed needs independence from political influence HAHAHAHA yeah not too hypocritical there.

 

Thu, 02/03/2011 - 14:57 | Link to Comment patience...
patience...'s picture

2 trillion in qe and all I got was a lousy baseball cap and coffee cup.

Thu, 02/03/2011 - 15:20 | Link to Comment stewie
stewie's picture

LOL. 

Thu, 02/03/2011 - 14:58 | Link to Comment famousamos
famousamos's picture

"One of the quarterbacks in the superbowl is named Ben". ~ The Bernak

Y, and he's a f'ing rapist too.

Fitting that the ass hat got presented with an ass hat (and coffee mug).

Thu, 02/03/2011 - 15:02 | Link to Comment TruthInSunshine
TruthInSunshine's picture

And there you have it.

Q&A over, and The Bernank is given walking away gifts, aka 'Swag,' by the Press Club.

They gave him:

100 ounce silver bar

1 ounce of gold

5 lb Hershey Kiss

25 lbs Can of Coffee

1 Bale of Cotton

Coupon for unlimited ink refills for 1 year at Staples

One of those singing Big Mouth Bass wall things

A Glock with 1 chambered round under glass, reading "Break in Case of Emergency."

Thu, 02/03/2011 - 17:53 | Link to Comment tellsometruth
tellsometruth's picture

LOL.   The last question after getting the only presents they could afford (coffee mug and the rarely given NPR baseball cap), was a SUPERBOWL PICK QUESTION.  Ben replied he watches football and noted that since the redskins are not in it he noticed one of the quarterbacks was named Ben (widely known 4 gettin women liquered up then raping) and so he he wuld probably go for steelers based on that piece of data (read EGOCENTRIC as fuck), so he supports all raping (in bar bathrooms, at the FED, and most surely the Greenbay Packers this Sunday) done by people named ben?  This seems as revelant a piece of data as core inflation that he praised b/c less voilitle in our current commodity boom...and tells me he enjoys his puppet role of getting americans liquered up on cheap credit and propoganda and raping us...anyone else catch these fun little cowink ee dinks?

Thu, 02/03/2011 - 15:11 | Link to Comment ronin12
ronin12's picture

Ben Bernokio: "Rising stock prices are a byproduct of QE. Rising commodity prices are due to supply and demand".

What a piece of shit LIAR this guy is.

Thu, 02/03/2011 - 15:24 | Link to Comment Yen Cross
Yen Cross's picture

What a fantastic post Tyler. What about all of the offshore profits from large corps. (roughly 50% of revenue) and tax repatriation issues. What a joke!

Thu, 02/03/2011 - 15:29 | Link to Comment Yen Cross
Yen Cross's picture

 Jeese xau spikes over 20usd and usd/jpy keeps headfaking longs. I finally hedged that one. the 81.25 level is coming into play again. Just keep on raising the debt ceiling on your dovish aviary Bernanke.

Thu, 02/03/2011 - 15:30 | Link to Comment Everybodys All ...
Everybodys All American's picture

Bernanke's fate is set in stone. literally. One off the forehead.

Thu, 02/03/2011 - 15:43 | Link to Comment Sudden Debt
Sudden Debt's picture

They are blowing it up on both sides of the ocean.

Thu, 02/03/2011 - 15:49 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Demoncrats will applaude Bernanke as their great, Obama hand-picked, savior of the poor (while his policies decimate the working poor and middle class - but as long as the SNAP Card list keeps growing...)...

...and many Republicraps will castigate him in the run-up to 2012, while doing nothing of substance to stop him, as his policies benefit the inner sanctum on Wall Street, that soon will control 95% of Amerika's GDP.

Kabuki Theatre has gotten nothing on the carnival act!

Thu, 02/03/2011 - 15:50 | Link to Comment Stuart
Stuart's picture

Bernanke makes me want to vomit.   He's one full bore professional liar. 

Thu, 02/03/2011 - 15:52 | Link to Comment colonial
colonial's picture

Hey Tyler, I think we should tip our hats to, (of all sources,) the NYT.  I think their lead hits on what CNBS and Bloomberg both missed. 

I'm pretty sure I heard BB say we could NOT grow our way out of our current problem. 

Considering the fact that most policymakers and many pundits have been criticizing BB on the theory that he is monetizing our debt...and debasing our currency...as a way out of our problems, for BB to say that even economic growth will not solve our current dilemma is really an incredible statement. 

If we take this statement at face value, there are two conclusions. 

First, the US must re-patriate jobs, not just assets.  And second, that we need one hell of an economic recovery while also simultaneously curing serious problems in our Federal, (and municipal,) budget deficits. 

Good luck with all of that...Of course, stocks rallied on the presser.

Thu, 02/03/2011 - 16:06 | Link to Comment topcallingtroll
topcallingtroll's picture

If the current problem being long term liabilities is what i.understood.....yes there is no way monetary policy can solve that.....cyclically we can pull out of the nose.dive and start climbing again but there is no way this plane has any chance of making it to landing strip 2030 without throwing a lot of weight out the back such as medcare medicaid defense etc. Bernanke cant solve that problem and he needs some pro growth policies from congress, mainly.dismantling a bunch of shit and butting out.

Thu, 02/03/2011 - 16:02 | Link to Comment Yen Cross
Yen Cross's picture

 I especially enjoyed the water chugging to avoid barfing his 4 stomachs out. Out to pasture MOOOVE over.

Thu, 02/03/2011 - 16:04 | Link to Comment banksterbuster
banksterbuster's picture

On the first bailout, I put Bankster Bernanke and Alan Fraudscam on toilet paper.  I had 2400 roles printed. I gave them away as a protest.  Some days, its the only thing that satisfies.  You can look at it at my youtube channel, banksterbuster, but I'd like to send some over to zerohedge.  I think your ready.

Thu, 02/03/2011 - 16:05 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

Well,with much of the Ben-bashing out of the way, would just remind you the poor bastard is only a tooool (in more ways than one). Would anybody here like to take his place? Think about it: they've got him by the short hairs to say the least, wife and/or kids get snatched if he fucks up, etc. etc. I think he's likely to blow a cork someday...swan-dive off the roof, or do it clean with a .38..... nah, probably pills - easier to rig, too 

Thu, 02/03/2011 - 16:12 | Link to Comment Yen Cross
Yen Cross's picture

Hey everyone short usd into Asia here in 3 hours. Also watch out for xau long covering for swaps in 2 hours. Just kidding, although dxy could be forming a weak right shoulder on the h5 chart.

Thu, 02/03/2011 - 18:22 | Link to Comment ArkansasAngie
ArkansasAngie's picture

Bernanke said that the Fed has not been trying to drive stock prices higher through Q.E., but suggested that has been an expected result. He said the Fed's intent has been to take long-term Treasuries "out of the market," lower yields, and "force investors into alternative assets."

You'll buy these other assets or we'll ruin you.

Behavioral economics be damned.

Up yours arsehole

What gives you the right to FORCE me into alternative assets.  By golly ... I'm sending this to my Congressmen and asking them to kindly tell Ben Bernanke to get out of the manipulation business.

 

Thu, 02/03/2011 - 19:09 | Link to Comment 55mph
55mph's picture

no doubt about it.  QE3 is on the way.  

 

 

Thu, 02/03/2011 - 20:15 | Link to Comment neoclassical ec...
neoclassical economics is retarded's picture

I can't believe the whole world has to suffer cause this ass clown thinks he understands what caused the great depression.

Thu, 02/03/2011 - 20:24 | Link to Comment working class dog
working class dog's picture

I would love to take helicopter Ben's job.

to do list:

1. Make anally capitol use mark to market before doing thier IPO.

2. Bring back mark to market.

3. Evoke Glass Stegall rules immediately, and severe all relationships between insurance companies, commercial banks, and investment banks.

4. Regulate Hedge funds.

5. Use my monetary powers to bring down the credit default swap market, make it useless, this will create thousands of jobs for financial people to do the due diligence of checking out a prospective deal before loaning money.

6. Open the fed window to all american citizens, not just the primary dealers.

7. Coordinate with other agencies to make sure strict limits on reserve ratios are enforced.

8. Make public any primary dealer who breaks their fudiciary duties to their customers or shareholders.

9. Make an environment that will reward banks that make loans that produce REAL GROWTH AND PROSPERITY THAT IS MATCHED UP TO THE BANKS AVAILABLE SURPLUS.

 

Thu, 02/03/2011 - 23:02 | Link to Comment Samuel Morales Jr.
Samuel Morales Jr.'s picture

Yeah I knew that what Bernanke was doing when he was buying US bonds. Some people speculated it was to secure the debt of the US before investors dump bonds, or he wanted to control interest rates to the low side so the US wouldn't pay higher interest, or some crap like that. He even bought TIPS, which didn't make sense if you simply wanted to support bonds. I suspected that he wanted to crowd out the bond market, and force investors out of bonds by pushing the yields extremely low to the point they don't think the bond market was the best place to be. It seems his own statement validated my psychological analysis of Mr. Bernanke. Afterall, what would a Fed chairman wanted to do to bring about the psychology of a booming economy, make investors put their money in the stock market. What would the Bernanke do next? To know the motives of Ben Bernanke, you must be Ben Bernanke.

Do NOT follow this link or you will be banned from the site!