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Bernanke Will Step Down Within 18 Months

Phoenix Capital Research's picture




 

Ben Bernanke will be steeping down as Fed Chairman within 18 months.

 

The political environment is changing rapidly in the US. Take a look at a few key developments in the financial community:

 

1)   2012 Presidential candidates making the Fed a hot button

2)   Dissenting votes increasing at the Fed

3)   Fed Presidents openly criticizing Bernanke’s policies

4)   Lloyd Blankfein hiring a defense lawyer

 

The picture is clear when you connect the dots. For starters, the mere fact the Fed is even being mentioned by Presidential candidates (I’m discounting Ron Paul who’s been criticizing the Fed for decades) tells you that things have changed in a big way in the US: the Fed was seen as the savior of the world a mere two years ago.

 

I fully believe the Fed (and the economy) will be a primary issue for the 2012 Presidential election. In simple terms, Bernanke will be lumped in with Obama (as well he should) and criticized openly by any and all contenders.

 

It’s clear that several Fed Presidents have picked up on this and are now distancing themselves from Bernanke and his policies. This is a wise move for any Fed official who wants to maintain his/ her post or who wishes to be a future Fed Chairman: the next Fed Chairman will have to be much more hawkish.

 

However, it’s the final issue, Lloyd Blankfein’s hiring of a defense attorney, that tells me Bernanke will be stepping down and possibly even facing legal battles. The reason for this is simple: any and all Wall Street execs will very likely hang the albatross for corruption and thievery around Bernanke’s neck.

 

We’ve already had a taste of this with Ken Lewis at Bank of America. The reason Bernanke got through that mess was because everyone was still so worried about the “recovery” and stocks rising.

 

With another Crisis already at our doorstep, the litigation is going to be fast and furious. Blankfein is just the beginning. We’re going to see more investigations, more lawsuits, and more accusations of lies and corruption.

 

Do you really think Wall Street CEOs are going to let themselves be the scapegoats for this? All they have to do is say, “we did it because the Fed told us to,” and the legal focus shifts over to Bernanke.

 

Remember, Bernanke is just an academic figurehead. The REAL power in the financial system lies with the Primary Dealers (who include BAC, GS, and all the other firms who will be coming under increased scrutiny in the future). And these guys are not going to let themselves be sacrificed. No, they’re going to roll everything they can onto Bernanke.

 

With that in mind, I believe Bernanke will step down within the next 18 months. The only reason I give him this long is because he will likely go down after the 2012 election ends. Of course, with the Financial System on Red Alert today, it could happen a lot sooner than that.

 

Indeed, I fully believe we have entered the Second Round of the Great Crisis: the Sovereign Default Round. What’s coming will involve stock crashes, civil unrest, food shortages, bank holidays and more.

 

Many people will lose everything in this mess. Yes, everything. However, you don’t have to be one of them. Indeed, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.

 

Within its nine pages I explain precisely how the Second Round of the Crisis will unfold, where it will hit hardest, and the best means of profiting from it (the very investments my clients used to make triple digit returns in 2008).

 

Best of all, this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on the OUR FREE REPORTS tab.

 

Good Investing!

 

Graham Summers

 

PS. We also feature four other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator which has caught every crash in the last 25 years or the best most profitable strategy for individual investors looking to profit from the upcoming US Debt Default, my reports covers it.

 

And ALL of this is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com.

 

 

 

 

 

 

 

 

 

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Wed, 09/14/2011 - 03:22 | 1666965 chinawholesaler
chinawholesaler's picture

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Fri, 08/26/2011 - 21:13 | 1606337 Buck Johnson
Buck Johnson's picture

That makes alot of sense.  I heard about the defense attorney, he must know or someone must have told him that the bankers are going to be scapegoated.  So they are getting ready to have a good defense to say we didn't want to do it they made us do it for the good of the country. 

Fri, 08/26/2011 - 20:20 | 1606233 Sow-puncher
Sow-puncher's picture

He wants to be outta tha fed-chair before TSHTF!! in german they say: "Nach mir die Sinntflut"...

Fri, 08/26/2011 - 18:58 | 1606027 jsavage
jsavage's picture

dude, you're reading too many fiction novels......you should get out more, look for a job or do something productive with your time

Fri, 08/26/2011 - 19:47 | 1606165 Spitzer
Spitzer's picture

Fuck off, I think its a good call. If I had colmn rights on ZH, I would say the same. When the dollar falls hard, Bernanke will step down.

Fri, 08/26/2011 - 18:58 | 1606024 hettygreen
hettygreen's picture

I hope he will be stepping down from some Nuremburg style docket into some Spandau style prison. That such an absolute, ivory tower asshat has the economic world so completely enthralled is worse than pathetic. End the Fed!

Fri, 08/26/2011 - 18:33 | 1605959 xtop23
xtop23's picture

Is there a short list of possible ex-Goldman peons to fill his position yet ?

Fri, 08/26/2011 - 18:28 | 1605939 snakehead
snakehead's picture

In 18 months Summers will have posted about 1000 of these ads on ZH for FREE to entice people to sign up for FREE REPORTS. 

Of course those are ads that pump his "premium" newsletter.

Fri, 08/26/2011 - 17:57 | 1605843 Dingleberry
Dingleberry's picture

Thank GOD for bloggers and alternative media.  No way would the average Joe be taiking about the Fed without it.  Sure didn't learn about fiat money bullshit in school.

Fri, 08/26/2011 - 17:37 | 1605788 Yield2Greatness
Yield2Greatness's picture

The Bernake has shot all his ammo.  His credibility is zero and digging.  It is time for him to go, whether he is competant or not.

Fri, 08/26/2011 - 17:19 | 1605733 anony
anony's picture

Klaatu Bernanke Nikto.

IF he steps down it will be painted as having saved the world from a galactic catastrophe, the propaga.....er....books about his heroism have already begun, and theBamster will be re-elected because Lord Blankfiend will see to it with his connection to the jewish invetment banking community which is now in full swing attacking every candidate coming down the pike. 

Washington D.C. is another country which rules the United States, its employees immune to the slings and arrows of outrageous fortune.

Your scenario only works in a world that runs on truth, justice, and results.

 

 

 

 

Fri, 08/26/2011 - 16:09 | 1605431 NuYawkFrankie
NuYawkFrankie's picture

You really think we'll last another 18 months? Wow!

Fri, 08/26/2011 - 16:04 | 1605413 tony bonn
tony bonn's picture

i would walk down peachtree street naked with feathers sticking out my ass if bernanke stepped down or were impeached within 12 months.....he should be in an orange jump suit along with blankfein and the rockefeller-rothschild axis of evil powers....

Fri, 08/26/2011 - 17:44 | 1605805 Bastiat
Bastiat's picture

+1 for the feathers!

Fri, 08/26/2011 - 16:00 | 1605397 rapier
rapier's picture

Stocks may crash but perhaps not for long. Corporations will more and more be the safe haven. Think about it As nations devolve and are perceived as bankrupt what's left.  Corporations.  The offspring of nations and laws will now inherit many of the things nations had. Up to and including being the creators of money, in finally an overt way.

It's either that or a JH Kuntsler world.  Well I suppose we can muddle through for  our lifetimes.                                                                                                        

Fri, 08/26/2011 - 15:43 | 1605312 gwar5
gwar5's picture

And, Obama will be stepping down in 18 months, too. They can carpool together out of Washington.

 

Fri, 08/26/2011 - 15:37 | 1605298 tradewithdave
tradewithdave's picture

Didn't you hear? The Fed is dead.

www.tradewithdave.com/?p=7173

Dave Harrison
www.tradewithdave.com

Fri, 08/26/2011 - 15:36 | 1605295 JohnFrodo
JohnFrodo's picture

Is Greenspan not the real villian of this mess?

Fri, 08/26/2011 - 15:25 | 1605255 Atlantis Consigliore
Atlantis Consigliore's picture

Barney Frank, as FED Chair;

 

he can fart away after every QE X squared easing,

Live from Washington, its QE  poop!

" oh and on the housing we can throw the dice on that a little longer,

 

my boyfriend sez so,  looking backward, oh honey, i luvs you.?

a home foreclosure moratorium and a 2nd mortgage no doc

for every amellican....legal or not. idont matter honey. 

 

Keep those printing presses. on....

Just a Gigalo, everywhere I go.....?"

 

 

Fri, 08/26/2011 - 15:31 | 1605277 Fish Gone Bad
Fish Gone Bad's picture

Everyday we are one step closer to utter ruin.

Fri, 08/26/2011 - 15:23 | 1605246 LookingWithAmazement
LookingWithAmazement's picture

Crisis? What crisis? Bernanke syas it's gonna be ok. No QE3 necessary, credit creation is going well. Even inflationary. Boring world we live in.

Fri, 08/26/2011 - 15:22 | 1605243 entendance
entendance's picture

...when the many behave like sheep, the poodles themselves turn into lions. If the sheep, in their sheepishness, create lions, they are responsible of the existence of lions.
It's time for some folks here to acknowledge that the paid poodle bashers are here stealing your time and misleading your dd because of the sheepleness of few.
Let's take no prisoners.

http://www.entendance.com/forums/viewtopic.php?f=6&t=801&p=18989#p18974

Fri, 08/26/2011 - 15:00 | 1605158 Ruffcut
Ruffcut's picture

Damn it all! WHo gives a fuck who the fed spokesman (chairman< yea right), IS???

Sure, it woud say its bad, as the cartel seeks out scapegoats.

It is the cartel of al things money, moving closer to global currency and human suffering.

Did you know that these people are so full of themselves?

A little power is so effective on making the "ruler" in you.

Fri, 08/26/2011 - 14:56 | 1605150 Sufiy
Sufiy's picture


Chairman Ben S. Bernanke At the Federal Reserve Bank of Kansas City Economic Symposium, Jackson Hole, Wyoming To put things in perspective, please,  first read the Bloomberg articles below:
Bloomberg: Wall Street Aristocracy Got $1.2 Trillion in Secret Loans.
The Fed's Secret Liquidity Lifelines
Anybody is for the strong dollar from the FED and who's "tool box is empty"? http://sufiy.blogspot.com/2011/08/chairman-ben-s-bernanke-at-federal.htm...

Fri, 08/26/2011 - 14:49 | 1605119 alien-IQ
alien-IQ's picture

I guess that gives him 18 months to destroy what's left of the American middle class, the USD and the world.

Should be no problem for the Chairsatan. Plenty of time.

Fri, 08/26/2011 - 14:45 | 1605098 Panafrican Funk...
Panafrican Funktron Robot's picture

Apparently this guy doesn't understand the Fed, and why they allow the other governors to "dissent".  Graham Summers has a flashlight, but he's still in the cave.

Fri, 08/26/2011 - 14:43 | 1605085 honestann
honestann's picture

Yes, Bernanke is history.  Why?

Because Obama intends to go on the most egregiously destructive spending spree in the history of mankind, eclipsing his own record so far.  And Bernanke is only the second most vile and egregious money-printer in the history of the universe.

Therefore, Obama will appoint Krugman to replace Bernanke, then the pair of them will start WW3 to "stimulate the world economy" by vaporizing it.

You think I'm kidding?

Fri, 08/26/2011 - 15:41 | 1605307 Smiddywesson
Smiddywesson's picture

they can declare war on Uranus.

Fri, 08/26/2011 - 15:38 | 1605300 JohnFrodo
JohnFrodo's picture

In order to make sure no one is offended they will declare war on Mars, the trigger, someone took a shot at sister sojurn

Fri, 08/26/2011 - 14:57 | 1605154 Random_Robert
Random_Robert's picture

"Therefore, Obama will appoint Krugman to replace Bernanke, then the pair of them will start WW3 to "stimulate the world economy" by vaporizing it.

You think I'm kidding?"

 

Sadly- no, I don't think you're kidding.

Hmmm, Krugman as Fed Chief and maybe Roubini as the post-Jeetner TreasSec...?

The only thing missing would be Big Bird at the SEC and Kermit the Frog at the FDIC...

Sun, 08/28/2011 - 09:57 | 1609211 anony
anony's picture

Gentiles are permitted nowhere near the financial levers of power.  One by one the jews have created a virtual country that is global in nature, that supercedes all those puny sovereignty issues and physical boundaries. 

They aren't just moneychangers, anymore.

No more awesome display of unmitigated power has been seen since the days of the alchemists.

Sat, 08/27/2011 - 19:12 | 1608353 honestann
honestann's picture

Now that you mention it, Krugman might replace Timmy at Treasury... if only because too many at the federal reserve would throw a fit at the prospect of a completely insane wildman like Krugman.  Not that they object to his comments, but his style is a bit more overt than they prefer.

Fri, 08/26/2011 - 14:41 | 1605080 nah
nah's picture

shank the rat

Fri, 08/26/2011 - 14:36 | 1605057 the grateful un...
the grateful unemployed's picture

a new president would appoint a new fed chief probably. this reasoning isn't too abstact. i wonder who will head Treasury, will they appoint someone from outside the oligarchy, someone with perhaps no CEO experience, remember Bush went through ONeil, (alcoa) Snow (csx) and Paulson(gs), it would be a real change if it wasn't someone from wall street. in the new hierarchy the head of Treasury is on top (i think Bernanke might not be fond of playing political football)

Fri, 08/26/2011 - 14:26 | 1605011 zeroman
zeroman's picture

ALL GRAHAM SUMMERS DOES IS PUMP PUMP PUMP GOLD AND DOOMSDAY.  ARE WE SCREWED UP? YES, BUT THIS CLOWN IS NOTHING MORE THAN A GOLD PUMPER.

Fri, 08/26/2011 - 14:38 | 1605065 dumpster
dumpster's picture

Graham..   $250 please

Fri, 08/26/2011 - 14:24 | 1605001 zeroman
zeroman's picture

I have read many good articles on Zerhedge. THIS IS NOT ONE OF THEM!!!! NOTHIING BUT BULLSHIT AND CONJECTURE HERE.  IF EVERYONE SIMPLY HYPOTHESIS'S ON THIS BLOG, WE WOULD BE INUNDATED. TYLER, WHY PUBLISH THIS CRAP.  OF COURSE, WE DON'T LIKE THE PONZI FIAT GOVERNMENT AND FINANCING BUT THIS IS GOING OVER THE EDGE WITH HYPERBOLE AND CONJECTURE.  COME ON. LETS KEEP OUR OBJECTIVE FACTUAL BASIS THAT HAS MADE THIS BLOG A FEARED WHISTLEBLOWER OF BAD THINGS TO COME CREDIBLE.

Fri, 08/26/2011 - 15:04 | 1605173 Random_Robert
Random_Robert's picture

Whoa!

What's with the CAPs, Ranty McRantington...?

You must have REALLY disliked this article. I don't see Bullshit. I agree there is some miner conjecture, but mostly it is just a SPECULATION of possible future activities...

No law against that, is there?

Fri, 08/26/2011 - 15:31 | 1605280 knukles
knukles's picture

Thorazine and Ativan enemas do well for that condition.  
Getting there is half the fun, too!

Fri, 08/26/2011 - 15:46 | 1605329 Smiddywesson
Smiddywesson's picture

Ending each short article with a four paragraph pump is better than injecting ads throughout the article. 

It's not like he is writing a term paper or anything.  His articles are short and to the point.  Also, you can always tell they are his and not click on them you know.

Speculation about when this abortion of a market unwinds is a relevant topic, especially when he articulates what he sees as the canaries in the coal mine.  Time out for you.  Go to your corner!

Fri, 08/26/2011 - 14:18 | 1604975 falak pema
falak pema's picture

y wait 18 months

Fri, 08/26/2011 - 14:15 | 1604969 gwar5
gwar5's picture

And, Obama will be stepping down in 18 months too! They can carpool together out of Washington.

 

Fri, 08/26/2011 - 14:15 | 1604968 gwar5
gwar5's picture

And, Obama will be stepping down in 18 months too! They can carpool together out of Washington.

 

Fri, 08/26/2011 - 14:14 | 1604962 TooBearish
TooBearish's picture

NO fukking way- status quo bitchez - forever fiat

Fri, 08/26/2011 - 14:12 | 1604958 apberusdisvet
apberusdisvet's picture

Yes; Bernanke will step down-------right through the trap door with a noose around his neck.

(it's wishful thinking Friday)

Fri, 08/26/2011 - 14:10 | 1604947 Nothing To See Here
Nothing To See Here's picture

Fascinating how everyone forgets that the BenBernank is a Bush appointee and that it is the Bush/Bernank duo who did the first Wall Street bailout. The Obamination is just pursuing the corporatist statu quo to another level.

Fri, 08/26/2011 - 14:42 | 1605084 nihilist
nihilist's picture

Fascinating how everyone forgets that the BenBernank was also reappointed by Obama and that it is the Obama/Bernank duo that keeps the first Wall Street bailout going.

Fri, 08/26/2011 - 16:29 | 1605521 Bring the Gold
Bring the Gold's picture

he actually said Obama is following the same course. The only people who don't blame Bush AND Obama and lets be fair presidents back to JFK at least (he caught a bullet for fighting for people) are blinded by partisan trickery. The real powers will gladly hand the reins back to their Republican puppets and if people don't like that, they will just switch back to their Democrat puppets in 2016 and so forth and so on.

The only candidate that might, just MIGHT do something is Ron Paul.

Fri, 08/26/2011 - 14:45 | 1605097 Nothing To See Here
Nothing To See Here's picture

Who forgot that exactly? I'm waiting for details.

Fri, 08/26/2011 - 14:10 | 1604946 anyways
anyways's picture

Gold probably 1838 @close. Nice way to say: Fuck U Bernank.

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