• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Watch Today's 2:15 pm FOMC Press Conference Live And Interruption Free Here

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Wed, 04/27/2011 - 10:31 | 1211454 Cassandra Syndrome
Cassandra Syndrome's picture

Mr Bernanke, Are we Fucked?

Wed, 04/27/2011 - 10:38 | 1211472 Oniram
Oniram's picture

Bernanke: Of course not! USA! USA!

Bernanke: Uh, seeing that we are for sure "not fucked"...why dont you buy some T-bonds....huh? Sound good? ......uh.......Please?

Wed, 04/27/2011 - 10:42 | 1211507 Fish Gone Bad
Fish Gone Bad's picture

Why does anyone actually care that the Bernank has a talk show today?  Perhaps people think he will say something either truthful or helpful.  Time would be better spent cutting grass or washing ones car.

The writing is on the wall.  It has been there for a while now.  Things are bad.  Things will then get worse, worser, and eventually worsest ever.  One can not borrow their way out of debt.  It ends in ruin because it has always ended in ruin.

Wed, 04/27/2011 - 10:44 | 1211516 Wynn
Wynn's picture

but can you print your way out of debt?

Wed, 04/27/2011 - 10:54 | 1211579 Conrad Murray
Conrad Murray's picture

Really depends on what you mean. Can one do it? Sure. Can one do it without destroying the reserve status of the currency and the economy...?

Wed, 04/27/2011 - 11:31 | 1211794 Wynn
Wynn's picture

My comment was in jest. Ben might think he can print his way out of this jam, I don't. Every day my confidence in the currency erodes further, that's why I hold PM's.

 

Wed, 04/27/2011 - 11:40 | 1211836 TruthInSunshine
TruthInSunshine's picture

The Bernank's thesis:

"Digging oneself out of a hole requires perpetual motion."

Wed, 04/27/2011 - 13:39 | 1212360 TruthInSunshine
Wed, 04/27/2011 - 15:03 | 1212910 rocker
rocker's picture

This bastard makes me want to puke. Steve Liesman's question was not answered. He has not addressed the old lady in retirement and what he has done to their small savings.

If I could, I would puke right on him.  Put him in Jail, he lied and old folks die.      

Wed, 04/27/2011 - 15:11 | 1212963 nope-1004
nope-1004's picture

What I take from this, more than anything Benocide actually said, was the intense and overwhelming lack of confidence in the room of the Fed's policy (ie. 'transitory inflation') by the more skilled journalists asking questions.

This, of course, excludes Steven Liesman, the so obviously planted Fed mole.  "Thanks Steve".

 

Wed, 04/27/2011 - 12:41 | 1212075 Sam Clemons
Sam Clemons's picture

I think the peak of his popularity and influence has already been reached.  What is the old phrase about once everyone knows the secret, the secret is useless?  This press conference is merely showing that the secret is now officially out of the bag that following the Fed is all one has to do while investing. 

In other words, I think the peak of the Federal Reserve's pretend influence on the markets has been hit and will never again be reached.  He is about to lose control of everything that he believes he can control.

Wed, 04/27/2011 - 15:21 | 1213045 SWRichmond
SWRichmond's picture

Agree.  I only watched this briefly but it looked like a "setup to fail" moment.  "Get your ass out there and be responsible for this."  I wonder who gets Ben's parking place?

 

 

 

Wed, 04/27/2011 - 13:15 | 1212227 medicalstudent
medicalstudent's picture

ben s. will release a new note, only a few will be printed, they will read one hundred billion dollars.

 

a few to many will be sealed and flown into china...by an albatross.

 

the bird will then beak them over to chinese leadership.

 

he will then self destruct over japan on the way home.

Wed, 04/27/2011 - 10:58 | 1211603 Fish Gone Bad
Fish Gone Bad's picture

People can believe anything they want...  That still does not make it so.

Wed, 04/27/2011 - 11:32 | 1211671 TruthInSunshine
TruthInSunshine's picture

Zero Hedge picked an oh so appropriate picture of The Bernank, from years gone by, when his lizardian blood was more vibrant and Molech/Moloch beaming eyes were brighter.

 

Bernank is easy to spot in this video:

Bee Gees - Stayin' Alive
Wed, 04/27/2011 - 11:45 | 1211857 Hard1
Hard1's picture

Is that a pickture of the Bernank or Kareem Abdul Jabar?

Wed, 04/27/2011 - 13:30 | 1212326 Cassandra Syndrome
Cassandra Syndrome's picture

This here sprung to mind when I saw that spooky image

http://www.beatcityrecords.com/charles-manson-a-lp.JPG

 

Wed, 04/27/2011 - 12:27 | 1212010 velobabe
velobabe's picture

hey sunshine, why did tylers pick a green border for the video, i know it is obvious to most?

Wed, 04/27/2011 - 13:42 | 1212384 TruthInSunshine
TruthInSunshine's picture

I don't know?

Ben was a midnight toker?

We know he's a fiat joker.

Wed, 04/27/2011 - 16:41 | 1213516 anyways
anyways's picture

the color of the sooner or later worthless us dollar paper money is green.

Wed, 04/27/2011 - 12:49 | 1212106 Votewithabullet
Votewithabullet's picture

...neil diamond ,sweet caroline

Wed, 04/27/2011 - 12:04 | 1211902 JW n FL
JW n FL's picture

Bank of America Building Downtown Miami http://goo.gl/itJiJ (YouTube Video) Why does the military train to rescue bankers?

 

 

Maybe this???

 

http://goo.gl/LblE7 Federal Reserve Pays Banks 8 times more in interest for deposits than “We the People” get! 

Rigged Market Capitalism & Propaganda within the U.S. by the U.S.  http://goo.gl/RtmEr PLUS! http://goo.gl/qH4dN PLUS!! http://goo.gl/Uzm3q

Wed, 04/27/2011 - 11:05 | 1211665 AN0NYM0US
AN0NYM0US's picture

Why does anyone actually care

 

because we are all CNBC

Wed, 04/27/2011 - 12:04 | 1211923 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

Desperate times require desperate measures.

Wed, 04/27/2011 - 14:03 | 1212524 MrBoompi
MrBoompi's picture

It ends in ruin because it has always ended in ruin.
-----

For the suckers maybe, but not for crowd Bennie runs with.

Wed, 04/27/2011 - 10:39 | 1211489 AN0NYM0US
AN0NYM0US's picture

"Well, this fear of inflation, I think is way overstated. We’ve looked at it very, very carefully. We’ve analyzed it every which way. One myth that’s out there is that what we’re doing is printing money. We’re not printing money. The amount of currency in circulation is not changing. The money supply is not changing in any significant way. What we’re doing is lowing interest rates by buying Treasury securities. And by lowering interest rates, we hope to stimulate the economy to grow faster. So, the trick is to find the appropriate moment when to begin to unwind this policy. And that’s what we’re gonna do."

Wed, 04/27/2011 - 11:14 | 1211714 nope-1004
nope-1004's picture

And Benocide also said:

"Rising food prices in developing nations is, I suspect, a result of peoples' diets becoming more sophisticated."

Can a guy be that dumb?

Or can a liar be that brazen?

 

Wed, 04/27/2011 - 11:35 | 1211823 SheepDog-One
SheepDog-One's picture

Yes the peasants in 'developing countries' are no longer eating bowls of gruel, theyve stepped up to $9 burritos obviously.

Wed, 04/27/2011 - 12:30 | 1212025 Oh regional Indian
Oh regional Indian's picture

Hey! hey now!

We were doing just fine by ourselves till Coke came along. After that, it's been downhill...

ORI

Wed, 04/27/2011 - 14:06 | 1212553 Eally Ucked
Eally Ucked's picture

It looks to me that in next few years Americans will have to depend on their "services economy" and live on massages and nail polishing. Those eating gruel are used to it and will survive, but what about you, and me, guys in NA? No burgers, no burritos, no beer because gruel eating guys will stop delivering goods and money. Tough future, and I forgot: no best army in the world financed by puppets all around the world.

Wed, 04/27/2011 - 14:35 | 1212728 still kicking
still kicking's picture

We grow a lot of grain here in NA so beer probably will still be produced in abundance and fairly affordably, my guess is it will be part of the "bread" in the bread and circuses meme.

Wed, 04/27/2011 - 10:47 | 1211514 slaughterer
slaughterer's picture

I have my vomit buckets and rotten tomatoes ready in the 3rd row, center.

Wed, 04/27/2011 - 11:21 | 1211594 TruthInSunshine
TruthInSunshine's picture

Yawn.

Snooze.

Zzzzzzz.

Wake me up when The Volcker shows up to strangle The Bernank, on live teeeveeee, with a telephone cord, and holds him down and shaves his beard off.

It's oh so highly ironic that The Bernank is setting up the next Great Depression.

Obama=Carter2ndNonTerm

Wed, 04/27/2011 - 11:24 | 1211756 Problem Is
Problem Is's picture

Shave off The Bernank's beard and put a blonde wig on him and you've got...

Hillary C...

Yikes!
The Volck would drop the phone cord and run for the hills...

BTW: Obummer is a complete replay of that idiot One-Term-Carter...

Wed, 04/27/2011 - 14:44 | 1212807 JW n FL
JW n FL's picture
by TruthInSunshine
on Wed, 04/27/2011 - 11:21
#1211594

 

Obama=Carter2ndNonTerm

 

**************************************************************

 

Obama ='s Lil Bush Part Duex 2nd Term of Less Privacy (for Citizens, Corporations of course will have yet MORE! Protections offered), More Tax Breaks (of course the sales pitch will be that some how the Tax Breaks will be GREAT! for the economy! even though the Tax Breaks will only end up effecting the top tiers bottom line) and more Privatization of anything and everything that the Government can give away to Corporate America that belongs to "We the People"!

 

You fucking Republicans, with your abortion, austerity, tax breaks and of course Austerity Measures... make sure you leave your "W" sticker on your car.. PLEASE!!! I got fucking liberal for you, I will give each and everyone of you cowards I can find some liberal love! better yet I will bank roll some extra love for you fucking ignorant fucks.. and I am a firm believer in nipping the bud, let that shallow gene pool you were spawned from as well be removed from any future threat to America.. You can pick you and yours up and go live in whatever police state you choose.. but my Country will not become a fucking 3rd world police state that caters to Corporate America. This Country will be taken back and those who did in fact promote this line of Less Taxes for the Rich and Less for everyone else.. will be found, or at least while things are crazy be open game! Quote me scumbag!

Wed, 04/27/2011 - 11:03 | 1211632 barkster
barkster's picture

"I have my vomit buckets and rotten tomatoes ready in the 3rd row, center."

My sentiments exactly. A 30 second clip of that weenie makes me want to projectile vomit.

Wed, 04/27/2011 - 12:46 | 1212091 Zedge Hero
Zedge Hero's picture

It's all about the Bernank, he doesn't care if your Obama, Clinton, Carter, Bush, Mccain just as long as your not RON PAUL, which he still might giggle at.  BEN IS GOD, now go through the five stages.

Wed, 04/27/2011 - 11:05 | 1211653 fries_with_that
Wed, 04/27/2011 - 11:29 | 1211796 Stormdancer
Stormdancer's picture

Looks like 64,324.6 troy ounces of silver are about to make one hell of a lump under someone's mattress.

Just one more silver investor who has adopted the understanding that

"If you don't hold it, you don't own it."

...and is moving accordingly.

Wed, 04/27/2011 - 11:45 | 1211856 fries_with_that
fries_with_that's picture

Thanks for that - much appreciated. Are there any clients of BullionVault out there who have an opinion onthe "safety" of their bullion with BullionVault? I would love to hear the opinions of ZH readers on this matter should you guys have the time to comment.

Wed, 04/27/2011 - 12:06 | 1211922 nope-1004
nope-1004's picture

I don't have first hand experience with BullionVault, but I do with another company.  They were "reputable", but still engaged in fractional-reserve-metal-lending.  They claimed they were storing my metal, when in fact they weren't.  When I asked for delivery, they simply sourced it from the mint.

Seems there is some hesitation from individual investors to figure out how to store their own metal, which then results in a heck of alot of trust being put in whomever you store it with and creates this type of lazy storage practice.

I personally think none of those storage places actually store 100% of bought metal.  With todays supply issues increasing in Au and Ag, I'd be pretty wary of trusting any of these places.

 

Wed, 04/27/2011 - 12:14 | 1211949 EvlTheCat
EvlTheCat's picture

It depends on how you define, “.........”.  Remove the word "is" and replace this with the word "fucked".

Wed, 04/27/2011 - 12:44 | 1212082 SparkyvonBellagio
SparkyvonBellagio's picture

 

Not suggesting anything but will the lizard be sunning himself on a rock?

Wed, 04/27/2011 - 13:25 | 1212295 A Lunatic
A Lunatic's picture

Armageddon is change............

Wed, 04/27/2011 - 13:48 | 1212414 SRV - ES339
SRV - ES339's picture

Mr Bernanke, Are we Fucked?

S/B... Mr Bernanke, how fucked are we?

Wed, 04/27/2011 - 13:55 | 1212472 SRV - ES339
SRV - ES339's picture

.

Wed, 04/27/2011 - 14:18 | 1212606 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

Maybe we'll get a "deranged gunman" surprise. <fingers crossed>.

Wed, 04/27/2011 - 15:28 | 1212635 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

dammit! maybe next time. soon.

 

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