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Guest Post: Be Careful Jumping On Bernanke's Bandwagon

Tyler Durden's picture




 

Via Lance Roberts of StreetTalk Live,

 

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Fri, 11/23/2012 - 19:58 | 3007654 Michaelwiseguy
Michaelwiseguy's picture

We should have required "Presumption of Freedom, Presumption of Innocence of American Citizens Sensitivity Training", administered through human resource departments of all government agencies.

These classes will include the citing of law that backs up and reinforces the training topics covered in the lessons.

I'll have more on this subject as I develop my new realm of education for government employees.

I'm starting this New Entrepreneurial business today and invite you to participate and join me in this endeavor.

Fri, 11/23/2012 - 22:18 | 3007912 Popo
Popo's picture

Earlier we had some lame fictional "crisis video" and now we have a front page "imagine if" fake Bernanke quote. WTF? Is this what we're down to? Fake bad news? This is shark jumping at its finest.

When there's not any actual bad news, make some up?

Fri, 11/23/2012 - 22:31 | 3007935 Ginsengbull
Ginsengbull's picture

No news is good news, but no good news is bad news, so therefore fake bad news is still bad news.

 

Reporters union says so.

Sat, 11/24/2012 - 10:56 | 3008312 Beam Me Up Scotty
Beam Me Up Scotty's picture

"With debt levels continuing to spiral higher, which acts as a governor on economic growth due to the debt service requirement,..."

Well, this quote seems to be factual, so I will comment on it.

Why doesn't Benanke just lower interest rates to zero then, and see how it goes? Let everyone get money from the bank for 0% interest too.  Hows that for stimulus?

Just pancake the whole yield curve to zero.  Lets get it over with.

Sat, 11/24/2012 - 13:22 | 3008495 LMAOLORI
LMAOLORI's picture

 

 

They will be coming after Social Security and your 401k's to pay the bills 

 

Multi-Millionaire Goldman Sachs CEO Blankfein Says Americans Should Work Longer and Receive Fewer Benefits

http://frontporchpolitics.com/2012/11/goldman-sachs-ceo-americans-should-work-longer-receive-fewer-benefits/

 

Private Savings Accounts May Be "On the Table" in Fiscal Cliff Talks

http://www.nationalseniorscouncil.org/

 

Republicans About To Fall For A World Class Social Security Bait-And-Switch Con

http://www.forbes.com/sites/lawrencehunter/2012/11/19/republicans-about-to-fall-for-a-world-class-social-security-bait-and-switch-con/

 

Sat, 11/24/2012 - 15:09 | 3008585 bankerbackbacon
bankerbackbacon's picture

Here in Canada, after they secretly bailed out the banks, they quietly raised the retirement age and nobody even fucking flinched.

What do you expect from a bunch of Queen humping, socialist, puck monkeys.

http://www.cbc.ca/news/business/story/2012/04/30/bank-bailout-ccpa.html

http://www.canadianbusiness.com/article/77125--retirement-age-in-canada-...

Fri, 11/23/2012 - 19:59 | 3007655 vast-dom
vast-dom's picture

FUCK THE FED! This market will melt down. Ponzis always do.

Fri, 11/23/2012 - 20:22 | 3007714 max2205
max2205's picture

The fed is floating all boats for 4 years. Any water left. Check the depth

Fri, 11/23/2012 - 23:32 | 3008011 OldE_Ant
OldE_Ant's picture

I like to think of the FED as the emptier of all lakes.  No water, no-one sinks and everyone goes thirsty.

As to the moderated comments by the FED.  Please.   It isn't just the FED but just about everyone on the damn planet that are way beyond the glass is half full mentality to "there is still water left"!!!!!   Absolutely, positively positive putting the lipstick on every rotted pig (including themselves) and going out to party at Bernies with the other rotted pigs.    As long as the pig has lipstick we all can still get a 'blow job' so it's all fine and dandy.

Thank you but I'll have another shot of Denial with Apathy on the side, leave the bottle while your at it.  And don't forget the ice cubes because everything is better 'cold' and boxed.

F'n hillarious S&P at 1410 - AGAIN and all the mo-mo ro-bo-tv-titty bots can start shaking their ass pomme pommes to lull those still playing bull into the bear den.   The forecast tomorrow is it'll be just like today, until it isn't.   It's too dang bad everyone is so high on Denial we as a society will be totally caught with our pants down, sqeezing a rope only to find someone put a fan in our shitter.

Most of the world already has interest rates low enough to jump start the grateful dead from the time of Jesus yet no-one seems to have a hard on for the economy, and the stars in the eyes are starting to look like the void of emptyness.  We have already gone past the point of return since the US and virtually every other western economy is starting to sink under the weight of debt service (i.e. debt slavery) and all anyone can think of to solve the problem is to create more debt.

Junkie is as junkie does.   Shoot up - go for that one last 'blast'.   Only 1 month left before we find out if the Mayans had any brilliant future insight.   I had this dream of a bright meteor streaking the sky and told everyone to hit the deck.   No sound for like 10-20-30 seconds.  People started to get up and I said "wait for it" - then a loud but distant 'boom' minor shaking.  I woke up thinking the Armageddon scenario (as in the movie) easily could be upon us - and we simply wouldn't know it until the last minute.   Makes it easy though because people don't have much time to worry, and I've grown tired of worrying about global killers, we have a lot more trouble with the 'global troublemakers' already here.

End of Line

Sun, 11/25/2012 - 04:30 | 3009479 vato poco
vato poco's picture

You were doin' fine till that last paragraph, pard.

1) If the Mayans really had had any "brilliant future insight", I rather suspect they'd have been better off using it to prepare for the 200-year drought that brought about whatever forces it were that destroyed their civilization, no?

2) "Dreams", dude? Srsly? I once had a dream I fucked the daylights out of Cindy Crawford, and while it was just fantastic! (she cried when she came, and then thanked me and called me a Living God), when I woke up, like most dreams, the only *tangible* impact it made was that I hadda wash the sheets.

Sat, 11/24/2012 - 13:14 | 3008489 LMAOLORI
LMAOLORI's picture

 

 

F the Politicians there I fixed it for you because with out them there would be no Fed

 

The U.S. Constitution: Tool of Centralization and Debt, 1788-Today

http://www.garynorth.com/public/7833.cfm

Fri, 11/23/2012 - 20:01 | 3007663 vinayjha
Fri, 11/23/2012 - 20:02 | 3007664 chubbyjjfong
chubbyjjfong's picture

We all knew that good was bad 6 months ago.  It is now past the point of rhetoric.  It just simply does not wash anymore.  Quite frankly, its getting cringeworthy.

Fri, 11/23/2012 - 20:12 | 3007690 IamtheREALmario
IamtheREALmario's picture

It is happening. Those who have benefitted from the fraud an misallocation of resources (mostly to themselves) will try to continue having their cake and eating it too.... but in reality all that has been happening is that they have been eating their cake and then taking cake from others and then eating that too.

Eventually, first people stop giving them their cake and the fraud benefactors then use force to take cake ... then they just run out of cake... and no pie either.

Fri, 11/23/2012 - 20:20 | 3007711 EARLPEARL
EARLPEARL's picture

if the truth will not work then do not tell it....

 

Fri, 11/23/2012 - 20:28 | 3007724 Yen Cross
Yen Cross's picture

 Why not? It's obvious the OIS market is "Draghi put" Look at the parabolic e/u meltup!  It's a "spit swapping" bailout!

Fri, 11/23/2012 - 20:31 | 3007731 disabledvet
disabledvet's picture

phuck the Jew. (apologies for offense but after a while we're just "beating a dead horse" here. "let's talk energy policy." it's not complicated: hydro, coal, nuclear, natural gas, oil (in order of importance.) simply put "we're wasting trillions." is it that hard to get on the right path? NOT AT ALL. by and large the whole "electrical grid" thing is a total boondoggle. i would think in terms of "scrapping the entire thing." coal should be used for home heating. all oil burning furnace's should be banned. immediately. all nuclear power plants should put forth to the Federal Government a plan for decommissioning over the next 40 years. We should have ZERO "mega nukes" by 2060. the Government should start mandating a "solar standard" for all electronic devices....and declare as "wasteful" the use of any battery in anything smaller than a laptop and put an extra "battery tax" on the devices. (100 percent sounds good.) since hydro is 100 percent renewable that should receive the most favorable tax treatment possible. so should wind and "personal solar." (tax free at the retail level.) the President should mandate a fuel WEIGHT surcharge on cars...just as is done with Commercial trucks. "You have to pay for the weight" would be a powerful incentive to actually "think" about that widget with wheels for a change. and blah blee blah blee blah blee blah. and blur blee blur blee blur. etc and so on. hurrumph.

Fri, 11/23/2012 - 22:02 | 3007887 vast-dom
vast-dom's picture

call the prez a nigger while you're at it. wtf is wrong with people here? i'm a jew and i'm a nigger and i promise you that in my face you would not make a peep.

Fri, 11/23/2012 - 22:28 | 3007927 Ginsengbull
Ginsengbull's picture

He's a disabled vet. Of course he's not going to use a racial epithet against his former boss.

 

Hey DV, you forgot the most renewable resource on the planet. Wood. You can take your tree branches, used popsicle sticks, and klan fliers and burn them in a wood stove to heat your own arse.

 

The CO2 released was all captured from the air by photosynthesis, so it's carbon neutral.

Fri, 11/23/2012 - 22:55 | 3007975 Savyindallas
Savyindallas's picture

So you're going to kick the ass of a disabled vet? You are a badass.

Sun, 11/25/2012 - 03:43 | 3009465 are we there yet
are we there yet's picture

disable ... the problem is not the wrong regulation and energy incentives, the problem is the loss of a real free market because of government intervention for political ends.  Frackable american natural gass is unlimited with fewer tradeoffs than other energy sources. I can not think of a time politicians have made wise choices long term.  Sad Ron Paul did not gain traction as a leader.

Fri, 11/23/2012 - 20:35 | 3007739 Atomizer
Atomizer's picture

I thought following Bernank meant tasty Christmas dingle berry treats. Does this mean a fruitcake is in order? Ben, continue to print. The slaves need you..

 

/Hahahahahhaa

Fri, 11/23/2012 - 23:44 | 3008031 Zero Govt
Zero Govt's picture

not adviseable to follow Bernanke's Mad Contrarian Hedge Fund as it's designated to follow Wall Street bankers and the US Govt buying up all their crappy nappies, from toxic mortgages to worthless long-end US Treasuries

the Fed stinks from every angle

Fri, 11/23/2012 - 21:11 | 3007816 q99x2
q99x2's picture

The sooner that sucker is put behind bars the sooner this country can get going again.

Sat, 11/24/2012 - 01:22 | 3008111 Non Passaran
Non Passaran's picture

Who, Obama?

Fri, 11/23/2012 - 21:14 | 3007821 Never One Roach
Never One Roach's picture

How about posting a chart of the various bonuses and commissions garnered from these 'bailouts and financial stability' injections?

Fri, 11/23/2012 - 21:43 | 3007862 woggie
woggie's picture

the beast is on the gobble
and all that matters is we're all headed for it's belly
http://youtu.be/ntmthFyaYzY

Fri, 11/23/2012 - 21:58 | 3007882 RopeADope
RopeADope's picture

The Fed transmission system is fully functional, this shows how clueless Bernanke is. The Fed is transmitting back in time to when commercial  banks were counterfeiting money themselves through fraudulent activities.

Fri, 11/23/2012 - 22:02 | 3007890 djsmps
djsmps's picture

I assume that by quoting the most idiotic writer on BusinessInsider, Joe Wiesenthal, that this article is satire.

Fri, 11/23/2012 - 22:06 | 3007896 djsmps
djsmps's picture

Repost. Sorry.

Fri, 11/23/2012 - 22:10 | 3007902 Everybodys All ...
Everybodys All American's picture

I can promise you that there is no one on this site jumping on Bernanke's band wagon. That guy is loathed by the intelligent crowd here.

Fri, 11/23/2012 - 22:28 | 3007933 IndicaTive
IndicaTive's picture

Easy....just change them there numbers so's that them curvey things start bendin' the other way. Fixed. 

Fri, 11/23/2012 - 23:09 | 3007992 trillion_dollar...
trillion_dollar_deficit's picture

ZIRP4EVA

QE4EVA

MARKTOFANTASY4EVA

 

Until Ben starts to comment on ending these three things, then all his conjecture about improving conditions are total bullshit. 

Fri, 11/23/2012 - 23:35 | 3008019 Zero Govt
Zero Govt's picture

The colossal, historic size of the Feds policies values in monetary terms the colossal failure of the Fed and the central banking system ..indeed the wider banking system too which the Fed supposedly 'oversees' and indeed back-stops.

QE  =  Quantative Errors

4 years of patches and yet still Fed crones cannot see an end to the ongoing programs of intense surgery and heavy-duty drip-feeds to their terminally ill patients on WS and in DC

Yet the Fed pontificates as if it's the 'saviour' of the economy when in fact it's nothing but a clown dripping in failure with its 2 zombies comatose on the table no better now than they were 4 years ago.

End the Fed  ...this is way beyond a sick joke of a system for society.

Sat, 11/24/2012 - 10:19 | 3008293 TBT or not TBT
TBT or not TBT's picture

Well, the Fed has also financed a massive increase in federal spending, growing the federal government.    Central planning isn't just about monetary policy, it's an attempt to control everything.

Fri, 11/23/2012 - 23:58 | 3008043 hawk nation
hawk nation's picture

The refusal of the general public to understand what is coming down the road [economic collapse] if we continue to expand government and encure trillion dollar deficits is disheatening

I have family members who are well educated and intelligent who get upset if the subject is even braught up. they just think the status que can go on forever

 

Sat, 11/24/2012 - 01:59 | 3008133 DeadFred
DeadFred's picture

I'm sure most turkeys are upset if anyone suggests the farmer won't be their best friend forever. How'd everyone enjoy the leftovers today? <burrrp>

Who knows, maybe your relatives are right, and maybe next year's turkeys will have their status quo go on forever.

Sat, 11/24/2012 - 09:14 | 3008261 Jim B
Jim B's picture

Or you get asked to take off your tin foil hat... LOL! 

Sat, 11/24/2012 - 09:54 | 3008281 northerngirl
northerngirl's picture

I don't even discuss the subject anymore with those family members that disagree with me.  Makes the holiday's much more enjoyable.

Sat, 11/24/2012 - 03:04 | 3008161 dunce
dunce's picture

Bernanke is cositent, he is always wrong. He refuses to admit that he does not know how to do his job and says the system is broken. His theories are just plain wrong.

Sat, 11/24/2012 - 04:58 | 3008181 BeetleBailey
BeetleBailey's picture

Yeah....Berrnank....he was dead on in his housing forecasts in 2007....

 

Yeah sure...fuckface...we'll believe you now <fuckin SARC>

Sat, 11/24/2012 - 15:26 | 3008614 max2205
max2205's picture

Clear the markets Bitch Ben!

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