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Live Webcast Of Bernanke Testimony To Senate

Tyler Durden's picture




 

At 10 am Eastern the Chairman will go before Senate to deliver his agency's semi-annual Monetary Policy Report to lawmakers. Tomorrow he will do the same before the House. Speaking before the Senate Banking Committee, Bernanke will face questions about the nation's current economic situation.  He is also likely to field lawmaker's comments on how the nation's economy will be impacted by sequestration. Perhaps someone will inquire about the Fed's exit plans, but that is unlikely as there are none. Perhaps someone else will inquire what Bernanke's closing print target for the S&P and the EURUSD are. We, and numerous GETCO synthetic momentum algos, are looking forward to both.

    *BERNANKE SAYS BENEFITS OF EASING OUTWEIGH COSTS, RISKS
    *BERNANKE SAYS FED HAS TOOLS TO TIGHTEN MONETARY POLICY
    *BERNANKE SAYS MORE QE MAY ERODE CONFIDENCE IN FED EXIT ABILITY
    *BERNANKE SAYS VERY LOW RATES `COULD IMPAIR FINANCIAL STABILITY'
    *BERNANKE SAYS FOMC INTENDS TO SUSTAIN EASING AS LONG AS NEEDED
    *BERNANKE: FED TREASURY REMITTANCES MAY DECLINE IN COMING YEARS
    *BERNANKE: SEQUESTRATION COULD CAUSE SIGNIFICANT ECONOMIC BURDEN

Watch it live at C-Span-3 link after the jump.

 

Summing it all up:

Inflation 11, Risk 10, Debt 9, Cost 9, Balance Sheet 5, Benefit 3, Gas Prices 1,
Exit 1, Unicorns 0

 

Full bernanke speech:

.

 

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Tue, 02/26/2013 - 10:56 | 3277435 fuu
fuu's picture

Fuck you Bernanke!

Tue, 02/26/2013 - 10:57 | 3277444 Buckaroo Banzai
Buckaroo Banzai's picture

Let the mummer's farce begin!

Tue, 02/26/2013 - 11:00 | 3277459 I think I need ...
I think I need to buy a gun's picture

who's in the starting rotation today against bernanke,,,,,no knuckleballs please just straight beer league softballs

Tue, 02/26/2013 - 11:15 | 3277478 hedgeless_horseman
hedgeless_horseman's picture

 

 

I love you
You love me
This is co-de-pend-en-cy.

The third option is for the Federal Reserve to create credit to pay the bills Congress runs up. Nobody objects, and most Members hope that deficits don't really matter if the Fed accommodates Congress by creating more money. Besides, interest payments to the Fed are lower than they would be if funds were borrowed from the public, and payments can be delayed indefinitely merely by creating more credit out of thin air to buy U.S. treasuries. No need to soak the rich. A good deal, it seems, for everyone. But is it?

 

The “tax” is paid when prices rise as the result of a depreciating dollar. Savers and those living on fixed or low incomes are hardest hit as the cost of living rises. Low- and middle-incomes families suffer the most as they struggle to make ends meet while wealth is literally transferred from the middle class to the wealthy. Government officials stick to their claim that no significant inflation exists, even as certain necessary costs are skyrocketing and incomes are stagnating.

 

http://www.lewrockwell.com/paul/paul334.html

 

Tue, 02/26/2013 - 11:18 | 3277533 I think I need ...
I think I need to buy a gun's picture

how about steve leisman? will he get to throw a pitch today?

Tue, 02/26/2013 - 11:19 | 3277555 ParkAveFlasher
ParkAveFlasher's picture

I'd love to whack a liner right off his pasty dome.

Tue, 02/26/2013 - 11:22 | 3277571 smlbizman
smlbizman's picture

meanwhile in the metals market.........right on schedule...whom could have possibly know?

Tue, 02/26/2013 - 11:25 | 3277585 ParkAveFlasher
ParkAveFlasher's picture

If this keeps up, I might be able to afford more sooner than anticipated. 

Tue, 02/26/2013 - 11:29 | 3277613 derek_vineyard
derek_vineyard's picture

Change the channel to 'the price is right'.

Tue, 02/26/2013 - 11:34 | 3277633 Joe Davola
Joe Davola's picture

Can we make a trade:  chicks don't have to fight in the army if we can banish the male spokesmodels.

Tue, 02/26/2013 - 11:59 | 3277774 fuu
fuu's picture

Ben has a belt and 2 pairs of suspenders. Also he thinks we should get rid of deflation.

Tue, 02/26/2013 - 12:02 | 3277791 Xibalba
Xibalba's picture

When shit gets real, you have to LIE through your beard

Tue, 02/26/2013 - 11:35 | 3277641 espirit
espirit's picture

Unless Bernanke's testimony is something like SEC porn...

I'm not wasting my time.

Tue, 02/26/2013 - 11:34 | 3277634 smlbizman
smlbizman's picture

this is like watching those red bull events....where the first guy flys off the peir into the water, than the next and next all with the same result...except i am sure the only differences between those redbull dudes and benny and the inkjets is the redbulls  know they cant fly.....

Tue, 02/26/2013 - 11:25 | 3277591 Joe Davola
Joe Davola's picture

Can one of our gutless 'representatives' ask him what will replace the retirement wealth illusion from rising stocks when the scavenger in thief forces everyone's 401k's into t-bonds.  Oh right, that's how he's going to unwind the private coalition that issues our currency's bond holdings.  I've got to replenish my liquor cabinet soon!

Tue, 02/26/2013 - 12:22 | 3277894 RockyRacoon
RockyRacoon's picture

He just called Corker a liar.   We now have a fully developed Baghdad Bob on our hands.  I can visualize him standing outside the smoking remains of the Federal Reserve building telling us how great things are -- while in the background the homelss stand around barrels burning bundles of 100 dollar bills for warmth.

Tue, 02/26/2013 - 12:39 | 3277986 Joe Davola
Joe Davola's picture

We are pounding them

Tue, 02/26/2013 - 13:14 | 3278117 wisefool
wisefool's picture

That was yucky. All he had to do was say "Lehman Brothers or AIG." Or any idiot who is going to get hauled off to prison to pay for "The debt held by the people including the federal reserve" + "the unfunded liabilities, which is our promises we made to people (see also IRS)" + "Well Fannie, freddie and sallie are not debts per say, they are garentees, but yeah, we tell our IRS agents to get it all and let God sort it out"

Tue, 02/26/2013 - 11:21 | 3277567 mayhem_korner
mayhem_korner's picture

 

 

Liesman is in the closet, polishing his stinger to the sound of the Bernank's voice.  This speech is going to ramp everything out of the mudpit...and then set the stage for a real ugly dogfight later in the week.

Tue, 02/26/2013 - 11:38 | 3277660 Kirk2NCC1701
Kirk2NCC1701's picture

"I hate you, you hate me, this is a codependency..."  Fixed it for ya.

Tue, 02/26/2013 - 11:04 | 3277482 MillionDollarBonus_
MillionDollarBonus_'s picture

Sorry guys, but when I look at the 4-year chart of the S&P, all I'm seeing is up up up. When, and ONLY when, I see that chart going down, will I change my outlook for stocks.

Tue, 02/26/2013 - 11:11 | 3277501 francis_sawyer
francis_sawyer's picture

To MDB:

~~~

- The DJIA had a low [in Dec 2008] of 8148 & a high of 8934... Making a median of 8541

- The DJIA, now, is 13845

- The median price of gasoline in Dec 2008 [nationwide] was $1.65

- The EIA 'projects' the median price of gasoline for the rest of 2013 to be $3.57

Sincerely,

BLOW ME you cocksucking sycophant moron

PS ~ How are you doing with that 'double dip' you took on Facebook at $30?

Tue, 02/26/2013 - 11:23 | 3277574 MillionDollarBonus_
MillionDollarBonus_'s picture

That's because of speculators, moron. What free marketers don't understand is that if you regulate the speculators, gas prices will fall and stocks will rise even more.

Tue, 02/26/2013 - 11:31 | 3277620 francis_sawyer
francis_sawyer's picture

are you running for Congress in 2014?, or just trying to get a job on CNBC?

Tue, 02/26/2013 - 11:35 | 3277638 FL_Conservative
FL_Conservative's picture

You didn't know?  MDB is Steve LIESman.

Tue, 02/26/2013 - 11:40 | 3277663 francis_sawyer
francis_sawyer's picture

That explains alot ~ But all I really wonder about this:

~~~

To get his beard so neatly trimmed, does Bernanke use the SUCK KUT

http://www.youtube.com/watch?v=_b4Z5Kg08PY

Or, does he actually have to look at his own image in the mirror & say "I SUCK"? 

Tue, 02/26/2013 - 11:40 | 3277666 espirit
espirit's picture

On a more serious note, everytime I hover my mouse pointer over Tylers avatar, it looks like he's showing the finger.

Now, where are those configuration options...

Tue, 02/26/2013 - 11:50 | 3277646 LawsofPhysics
LawsofPhysics's picture

You want to end speculation.  Go ahead and make margins 100% motherfucker.  Make everyone take delivery, then who will you blame for the rising cost of food and fuel you ignorant shit?  Wages matter, the vast major of folks don't have any investment in the casio, they depend on wages, period.

Tell me MDB, what's the "price" of something that you need to survive but that I refuse to sell or that is not available at all?  You eCONomic theories are not based in reality, supply lines have very real and very finite inputs and the world is tired of paper promises.

Tue, 02/26/2013 - 11:20 | 3277516 FL_Conservative
FL_Conservative's picture

Bet you said the same thing in 2005 about real estate prices, you douchebag.

Tue, 02/26/2013 - 11:35 | 3277636 ydderf1950
ydderf1950's picture

Check the value of the dollar dickhead

Tue, 02/26/2013 - 14:03 | 3278326 Imminent Crucible
Imminent Crucible's picture

Yeah, Bogus, the 4 year SPX chart is up. In fact, it looks EXACTLY like the SPX chart from 2003 to 2007. By the time you "change your outlook", it will mean you dinked around until your gains are gone and you realize it wasn't time to "buy the dip". Because BTFD means Buy The Fed's Depression.

Tue, 02/26/2013 - 11:04 | 3277484 redpill
redpill's picture

Take a shot for each mention of inflation being well contained.

Tue, 02/26/2013 - 11:05 | 3277492 krispkritter
krispkritter's picture

There's 30% less alcohol in my alcohol and it costs 40% more! WTF!

Tue, 02/26/2013 - 11:20 | 3277560 ParkAveFlasher
ParkAveFlasher's picture

Use two glasses and drink them at half-speed.

See?  No inflation.

Tue, 02/26/2013 - 11:22 | 3277573 mayhem_korner
mayhem_korner's picture

 

 

My scotch is made with horse meat.  Helluva kick, I tell you.

Tue, 02/26/2013 - 11:45 | 3277693 espirit
espirit's picture

I always seem to be face down in the grass whispering "moo".

Tue, 02/26/2013 - 11:08 | 3277504 Nothing To See Here
Nothing To See Here's picture

And another shot for each suggestion that QE may end at some point in the near or distant future...

Tue, 02/26/2013 - 11:00 | 3277461 Dr Paul Krugman
Dr Paul Krugman's picture

He and the Fed are just doing the job Congress asks them to do.

Tue, 02/26/2013 - 11:01 | 3277465 krispkritter
krispkritter's picture

Fuck you Krugman! (sorry, had to get that off my chest)

Tue, 02/26/2013 - 11:07 | 3277493 Kirk2NCC1701
Kirk2NCC1701's picture

Paul, you must mean: "He and the Fed are just doing the job Congress asks them to do.  And given the Prime Directive of the Fed's crypto-shareholders and their goals".  There, fixed it for you.  Always remember the think or say "and to increase the value of the shareholders", and you won't stray far.  ;-)

Tue, 02/26/2013 - 11:09 | 3277510 Dr Paul Krugman
Dr Paul Krugman's picture

The Fed is an independent establishment that uses the science of economics to determine proper monetary policy.

Tue, 02/26/2013 - 11:15 | 3277530 Rusty Trombone
Rusty Trombone's picture

That's fucking IT  Krugman !   We let sit at the adult's table once , and you come out with this shit.  Get back to your glory hole.

Tue, 02/26/2013 - 11:25 | 3277578 TruthInSunshine
TruthInSunshine's picture

 "...uses the science of economics..."

 

LULZ.

You're The Best Around & Nothing's Ever Gonna Keep Ya' Down

Tue, 02/26/2013 - 11:16 | 3277535 yogibear
yogibear's picture

How independent is it when it's the governments enabler to print to infinity? This Fed is political. Unlike the fed of the past it lacks integrity. Bernanke perjured himself when he testified that he wasn't monetizing debt.

The Fed will continue monetize until the US dollar collapses to pacify the politicians in DC and Wall Street.

Tue, 02/26/2013 - 11:21 | 3277565 Dr Paul Krugman
Dr Paul Krugman's picture

You are using the term "monetizing" too loosely.  Bernanke is using the tools he has to stabolize the economy, and he is purchasing bonds.  When they come due, yes, he gets the priciple, and then he is able to reinvest.  WHen we have a recovery, then he will unwind his positions, but we are far away from a recovery, and so the Fed needs to continue with its easy monetary policy, less we wind up in a worse spot then we are in currently.

Tue, 02/26/2013 - 11:27 | 3277605 tarsubil
tarsubil's picture

What does he use to buy the bonds? Where does that come from?

Tue, 02/26/2013 - 11:34 | 3277632 Dr Paul Krugman
Dr Paul Krugman's picture

The Fed is in charge of regulating the money supply, and that is how he makes the purchases.

Tue, 02/26/2013 - 11:37 | 3277654 tarsubil
tarsubil's picture

He uses regulations to buy bonds? Regulations actually serve as legal tender in Washington?

Tue, 02/26/2013 - 13:19 | 3278145 TBT or not TBT
TBT or not TBT's picture

Sure. Mandate this, ordain that, without funding it. Just fund enforcement of it. Coercion. Make people do things you want or stop them doing things. Little money is needed. You do need "gun" control though.

Tue, 02/26/2013 - 11:41 | 3277665 EscapeKey
EscapeKey's picture

attempting to "stabilize" by reverting to the bubble years prior to the housing collapse isn't exactly thinking long term.

Tue, 02/26/2013 - 11:52 | 3277734 espirit
espirit's picture

Go easy on Dr. "K", he's a first year community college student taking eCON 101.

Tue, 02/26/2013 - 12:46 | 3278034 Bandit und Buster
Bandit und Buster's picture

ANOTHER SHILL FOR THE ZIONIST MURDERING THIEVES, OBVIOUSLY.

WWW.SYNAGOGUERISING.COM 

Tue, 02/26/2013 - 11:44 | 3277689 H E D G E H O G
H E D G E H O G's picture

"The Fed is an independent establishment that uses the science of economics to determine proper monetary policy." The Fed is an insolent cabal of shit-for-brains little twerps that use tarot cards & voodoo economics(?) and listen to the fucking nonsensical drivel spouted by other oxygen wasting fuctards like YOU to undermine the already Alice in Wonderland monetary policies of the USA. Trust me when I say, WE WON'T RUN OUT OF ROPE WHEN THIS CIRCUS SHUTS DOWN, ASSHOLE!

Tue, 02/26/2013 - 11:56 | 3277756 LynRobison
LynRobison's picture

"The Fed is an independent establishment that uses the science of economics to determine proper monetary policy."

Is this a contest to see how many misnomers, falsehoods, and lies can you cram into a single sentance? 

Tue, 02/26/2013 - 12:26 | 3277926 WarPony
WarPony's picture

"The Fed is an independent establishment that uses the science of economics to determine proper monetary policy."

Lost my lunch there - fucking moron, FUCK YOU Dr. dickhead!

hint: the Fed is a dog and pony show for the BIS and the Vatican, LOSER.

Tue, 02/26/2013 - 12:29 | 3277937 cccmachine
cccmachine's picture

called a Ouija Board

Tue, 02/26/2013 - 12:37 | 3277973 e_goldstein
e_goldstein's picture

"science of economics"

bah ha ha, bah ha ha, bah ha ha ha ha ha ha.

Now, go wash the chairsatan's seed out of your mouth you dirty girl.

 

Tue, 02/26/2013 - 11:07 | 3277502 P Rankmug
P Rankmug's picture

Dr Paul Krugman,

Are you really my dangerously dim anagram?

Tue, 02/26/2013 - 11:08 | 3277503 MillionDollarBonus_
MillionDollarBonus_'s picture

Paul. There's not much point trying to reason with zerohedgers. This site is great for mildly entertaining artcicles with an humorous conspiratorial flare. But if you want to find intelligent people who believe in democracy and forward thinking economic and social policy, it's probably best to look elsewhere.

Tue, 02/26/2013 - 11:14 | 3277522 Dr Paul Krugman
Dr Paul Krugman's picture

I was pointed here by a colleague who read Tyler correctly - we are in the midst of a depression.  However, I do agree, sometimes the loons on the comments are misguided and/or ill willed; yet I find it important to have the debate so we can find reason where reason lies, and reason, truth, and logic lie in the study of economics.

Tue, 02/26/2013 - 11:25 | 3277581 Crash Overide
Crash Overide's picture

You want truth penis breath?  Truth is treason in the empire of lies.

 

This game is over.

Tue, 02/26/2013 - 11:24 | 3277582 mayhem_korner
mayhem_korner's picture

 

 

Troll Krugman and MDB posting in sequence???  Isn't that dangerous - like crossing the streams to take out the Sta-Puft marshmallow man?

Tue, 02/26/2013 - 12:26 | 3277920 saints51
saints51's picture

Never cross the streams

Tue, 02/26/2013 - 11:25 | 3277583 azzhatter
azzhatter's picture

This is classic- MDB and PK blowing Bernanke together. Tag Team

Tue, 02/26/2013 - 11:22 | 3277570 P Rankmug
P Rankmug's picture

"But if you want to find intelligent people who believe in democracy and forward thinking economic and social policy, it's probably best to look elsewhere."

Exactly.  Start with the French industry minister and then proceed with advocates for the economic benefits of alien war.

Tue, 02/26/2013 - 12:38 | 3277945 medium giraffe
medium giraffe's picture

'believe in democracy'

Sorry, but you are misguided if you still think you live in a democracy.  Should I be bothered by this?  Well, actually, yes - if more people understood the illusion of choice that is the dual party system, and were bothered by voter fraud and fairness then maybe, just maybe, we might be in a better, more free position today.  It is not conspirational wackiness that you are seeing here (for the most part), but people who are actually willing to look past what is fed to them and question what is real and what is right.

Forward thinking?  Well, your comment reveals your apathy, that you are only interested in engaging with people who share your viewpoint.  Is it not mental laziness to not challenge your own ideas every day?  If there is so much forward thinking going on, why are we moving backwards into debt and loss of generational prosperity?

Tue, 02/26/2013 - 13:18 | 3278138 Blano
Blano's picture

Holy shit a liberal circle jerk on ZH.  Is this a first???

Tue, 02/26/2013 - 11:19 | 3277554 mayhem_korner
mayhem_korner's picture

 

 

Congress doesn't ask the Bernank to do anything.  They are not his master.  If you read (can you read?) the statement, the Bernank is telling Congress what to do.  He has just made Friday's sequester deadline a war zone.

Tue, 02/26/2013 - 11:31 | 3277606 Dr Paul Krugman
Dr Paul Krugman's picture

Everyone knows cutting the budget right now is the wrong thing to do.  If growth is already stalled, it would be highly unreasonable to cut growth even more.

And if you could read me correctly, then you would see that I wrote "the job Congress asks him to do", because the Fed is mandated by Congress to perform proper monetary policy, as the Fed is an organization of economists who have given their lives to the science.

Tue, 02/26/2013 - 11:31 | 3277623 somethingisrotten
somethingisrotten's picture

Go back under your rock, f'ing tool.

Tue, 02/26/2013 - 11:35 | 3277637 mayhem_korner
mayhem_korner's picture

 

 

Yes, of course.  And the budgets that actually COUNT are everone's except the government's.  And the thing that is cutting into those budgets - the ones that support actual, positive growth - is the inflation that Ben is printing to cover up the decades-long failed Keynesian experiment.

The Fed is actually an organization of shills who have given their souls to the Ponzi-masters.

(I wonder if the real Krugman is dumb enough to believe himself a scientist?)

Tue, 02/26/2013 - 11:43 | 3277679 EscapeKey
EscapeKey's picture

first off - the budget will NEVER be cut. the one politician who actually does cuts will mean his party will never get back in.

as for the job "the congress asks him to do" is bording on insanity. congress was being threatened with marshal law and equivalents by the treasury, which was essentially run by a goldmanite.

Tue, 02/26/2013 - 11:50 | 3277715 Being Free
Being Free's picture

What is this "cutting the budget" thing you talk about?  How about we start by just not spending more this year than we did last year.  That is not a cut.

The growth of .gov spending must stop.

Oh yeah, and you're a fucking idiot Krugman.

Tue, 02/26/2013 - 12:48 | 3278035 nightshiftsucks
nightshiftsucks's picture

Hopefully soon to be dead fucking idiot.

Tue, 02/26/2013 - 12:22 | 3277882 whotookmyalias
whotookmyalias's picture

I'm sorry, I may not have a Nobel Peace Prize, but I find it hard to beleive that more spending and more debt and more ransoming our future is the solution to this banker induced problem.  How in the world does the government, the dollar, and the US economy hold up under these conditions?  Do you think that Greece and Italy and Spain are just stupid and that we can make the same poor decisions and have it turn out differently?

Tue, 02/26/2013 - 12:35 | 3277960 WarPony
WarPony's picture

How: hypothecate 30+ million Illegal Aliens, er, "undocumented workers"

Tue, 02/26/2013 - 13:17 | 3278135 Meat Hammer
Meat Hammer's picture

er. "undocumented Democrats"  FIFY

Tue, 02/26/2013 - 12:38 | 3277962 WarPony
WarPony's picture

;

Tue, 02/26/2013 - 12:46 | 3278031 nightshiftsucks
nightshiftsucks's picture

I'm just waiting for dick head Bernanke to destroy the dollar so then I can destroy dick heads like Krugman.

Tue, 02/26/2013 - 12:53 | 3278052 Bandit und Buster
Bandit und Buster's picture

 

 "the Bernank is telling Congress what to do"

“You know very well, and the stupid Americans know equally well, that we control their government, irrespective of who sits in the White House. You see, I know it and you know it that no American president can be in a position to challenge us even if we do the unthinkable. What can they (Americans) do to us? We control congress, we control the media, we control show biz, and we control everything in America. In America you can criticize God, but you can’t criticize Israel…” Israeli spokeswoman, Tzipora Menache

 

"Every time we do something you tell me America will do this and will do that... I want to tell you something very clear: Don't worry about American pressure on Israel. We, the Jewish people, control America, and the Americans know it." -- Israeli Prime Minister, Ariel Sharon, October 3, 2001

 

Tue, 02/26/2013 - 12:53 | 3278053 Bandit und Buster
Bandit und Buster's picture

 

 "the Bernank is telling Congress what to do"

“You know very well, and the stupid Americans know equally well, that we control their government, irrespective of who sits in the White House. You see, I know it and you know it that no American president can be in a position to challenge us even if we do the unthinkable. What can they (Americans) do to us? We control congress, we control the media, we control show biz, and we control everything in America. In America you can criticize God, but you can’t criticize Israel…” Israeli spokeswoman, Tzipora Menache

 

"Every time we do something you tell me America will do this and will do that... I want to tell you something very clear: Don't worry about American pressure on Israel. We, the Jewish people, control America, and the Americans know it." -- Israeli Prime Minister, Ariel Sharon, October 3, 2001

 

Tue, 02/26/2013 - 11:03 | 3277477 Disenchanted
Disenchanted's picture

 

 

 

"Let the mummer's farce begin!"

 

Not to mention the rhetorical hummers...

Tue, 02/26/2013 - 11:00 | 3277463 achmachat
achmachat's picture

...but his name sign clearly says: "Charming Bernake"...

Tue, 02/26/2013 - 11:02 | 3277468 krispkritter
krispkritter's picture

I thought it stood for 'Charmin', because he's so full of shit...

Tue, 02/26/2013 - 11:06 | 3277494 FL_Conservative
FL_Conservative's picture

Fucking conspiracy!  C-SPAN unavailable.  BULLSHIT!!!!!!!!

Tue, 02/26/2013 - 11:18 | 3277545 tarsubil
tarsubil's picture

Who put Igor in charge of this committee? Sanctuawy!

Tue, 02/26/2013 - 11:20 | 3277562 Banksters
Banksters's picture

I kinda wonder when people, a significant amount of people, realize they are under attack by the bankers.

Tue, 02/26/2013 - 11:29 | 3277614 LongSoupLine
LongSoupLine's picture

i can smell the shit stench from his fucking mouth from here.

 

 

fuck you bernanke, you fucking bank ass eating fucking keynestard.  i hoppe your next fucking flight is on a fucking dreamliner with exploding fucking batteries mounted directly fucking under your asshole you fucking dick.

Tue, 02/26/2013 - 11:57 | 3277758 butchee
butchee's picture

Who junked the "Fuck you Bernanke"?  Is that you Geithner?

Tue, 02/26/2013 - 12:19 | 3277888 fuu
fuu's picture

Meh, arrows mean nothing when the article goes to archive so why pay attention now.

Tue, 02/26/2013 - 11:34 | 3277443 Cognitive Dissonance
Cognitive Dissonance's picture

The high priest presents before the court of the cardinals to give his state of the dis-union speech.

<This ought to be a barrel of laughs.>

Where there's smoke there's fire. And there is a whole lot of smoke coming from the Fed's mouth piece.

Tue, 02/26/2013 - 10:58 | 3277445 EscapeKey
EscapeKey's picture

oh good, our monthly dose of empty rhetoric

Tue, 02/26/2013 - 11:30 | 3277616 pods
pods's picture

It has been a while since I caught a fragrant whiff of fresh bullshit.

pods

Tue, 02/26/2013 - 10:58 | 3277446 Confundido
Confundido's picture

This is going to get interesting: Bernanke telling us that he wants to keep printing and at the same time thousands of sell contracts in gold to test the lows....???? Why not? Did it not happen on Feb 29 of last year at 9:40am?

 


Tue, 02/26/2013 - 11:02 | 3277466 fuu
fuu's picture

Bernanke vs Ron Paul 2/29/12: http://i44.tinypic.com/21o66bm.png

Tue, 02/26/2013 - 11:23 | 3277572 ParkAveFlasher
ParkAveFlasher's picture

If I had known last week that Bernanke was to speak today, I wouldn't have called a big recovery int he gold price.

It's as if you can do your TA simply by charting when this guy talks.  He opens his mouth and gold & silver hop on a double luge.

So, homework for me, figure out when this guy talks, superimpose vs. key market dates, rinse, repeat.

Tue, 02/26/2013 - 11:36 | 3277649 Confundido
Confundido's picture

I GUESS I WAS WRONG!!! WTF?????

Tue, 02/26/2013 - 11:56 | 3277746 fuu
fuu's picture

BERNANKE SAYS FOMC INTENDS TO SUSTAIN EASING AS LONG AS NEEDED

1600+

Tue, 02/26/2013 - 10:59 | 3277454 q99x2
q99x2's picture

Arrest him before he gets away.

Tue, 02/26/2013 - 10:59 | 3277457 Gtinkham
Gtinkham's picture

BUY! BUY! BUY!

Tue, 02/26/2013 - 11:00 | 3277462 Disenchanted
Disenchanted's picture

Hello there you furry faced little cunt...How's that helicopter plan working out?

Tue, 02/26/2013 - 11:01 | 3277467 buzzsaw99
buzzsaw99's picture

die with festering boils you maggot muncher

Tue, 02/26/2013 - 11:03 | 3277469 ElvisDog
ElvisDog's picture

This Bernanke dog-and-pony show really is the stupidest thing. He'll mumble along about how things are improving and look pretty good, but the QE must continue lest we jeopardize the recovery that is strengthening but delicate at the same time. And the housing market shows how well the Feds plans are working. And Congress really needs a long term plan to curb the deficit as long as spending is not cut on anything right now. Some members of Congress will ask what seem to be tough questions, but they'll all pat each other on the back at the end.

And does he really need a fucking name tag at this point?

Tue, 02/26/2013 - 11:02 | 3277470 The Gooch
The Gooch's picture

Kevin, quit down-ticking and get back under Ben's desk.

Tue, 02/26/2013 - 11:26 | 3277594 azzhatter
azzhatter's picture

I think LIESman is under the desk now, no room for Kevin

Tue, 02/26/2013 - 11:02 | 3277472 FranSix
FranSix's picture

Stabilité! Fraternité!  Oh, hey, send in the clowns, eh?

Tue, 02/26/2013 - 11:04 | 3277481 malikai
malikai's picture

Gold live while he blathers:

https://www.quantsig.net/live.html

Tue, 02/26/2013 - 11:04 | 3277483 Dr. Engali
Dr. Engali's picture

This may be the first time John Kerry got something right:

 

"In America you  have the right to be stupid- if you want to be"

 

http://www.reuters.com/article/2013/02/26/us-usa-kerry-liberties-idUSBRE...

Tue, 02/26/2013 - 11:15 | 3277532 francis_sawyer
francis_sawyer's picture

I voted IN FAVOR of MDB's comments before I voted against them...

Tue, 02/26/2013 - 11:26 | 3277593 gbresnahan
gbresnahan's picture

Liberals rely on stupid Americans for their votes.

Tue, 02/26/2013 - 11:31 | 3277622 pods
pods's picture

Well, you're half right.

pods

Tue, 02/26/2013 - 11:41 | 3277650 Dr. Engali
Dr. Engali's picture

 

 

It seems to me that it's not only liberals rely on stupid Americans,because our choices are:government expanding banker bnlowing "conservatism" or government expanding banker blowing  "liberalism." 

Tue, 02/26/2013 - 11:04 | 3277485 razorthin
razorthin's picture

I cannot tell a fact.

Tue, 02/26/2013 - 11:04 | 3277486 khakuda
khakuda's picture

HAHAHA.  Obama's shill.

"Sequestration will be the end of the world!"  They should let it happen so that EVERYONE will see the world doesn't end.

Tue, 02/26/2013 - 11:05 | 3277487 BurningFuld
BurningFuld's picture

Dear Senate: "We are now in a irreversable downward debt spiral."  No wait...am I actually here.... sorry. Um what I meant to say is: "The economy continues to improve...."

Tue, 02/26/2013 - 11:05 | 3277488 Confundido
Confundido's picture

$1,589 already...and counting down....Ben hasn't even started to speak yet

Tue, 02/26/2013 - 11:05 | 3277490 Rusty Trombone
Rusty Trombone's picture

May The FARCE Be WIth You.

Can someone go get Krugman out of the committee men's room Glory Hole?   Shows about to start.

Tue, 02/26/2013 - 11:10 | 3277496 moonstears
moonstears's picture

That T Johnson musta had some cocktails last night, still slurring. (I've been there, too. Not blamin', just sayin', long as US taxpayer didn't pick up the tab ;)

Tue, 02/26/2013 - 11:07 | 3277497 Everybodys All ...
Everybodys All American's picture

What a scam of a market. Honestly this is a joke that just keeps getting funnier.

Tue, 02/26/2013 - 11:08 | 3277506 poor fella
poor fella's picture

Kid Gloves?  check

Softball questions?  check

Pandering voices?  check

Curtains in place?  check

Media at the ready? check

With reality contained, Project Menagerie may proceed. Good luck ladies and gentlemen.

Tue, 02/26/2013 - 13:21 | 3278152 Meat Hammer
Meat Hammer's picture

Pretend to believe that The Fed is independent of Congressional oversight?  Check

Tue, 02/26/2013 - 11:09 | 3277509 Randy Goodnight
Randy Goodnight's picture

Who's the retard from S. Dakota - I don't think he even understands what he is reading.  We are doomed!!

Tue, 02/26/2013 - 11:11 | 3277517 Dr. Engali
Dr. Engali's picture

Mr. chairman after thoughtful examination of the issues concerning my constituencies my question to you is.....Boxers or briefs?

Tue, 02/26/2013 - 11:13 | 3277525 Confundido
Confundido's picture

$1586/oz and Ben hasn't talked yet...

Tue, 02/26/2013 - 11:25 | 3277588 Orly
Orly's picture

And the Aussie getting hammered, too, for no reason I can see.

:/

Tue, 02/26/2013 - 11:13 | 3277526 Inthemix96
Inthemix96's picture

Listen up bernspanke,

There are a fair, and moving higher by the day amount of folk who know who you are, what you have done and where you reside you fucking poisenous little dwarf cunt.

You remember the old saying you fucking puke?  "You can run, but you cannot hide"?

When this shit show ends, so do you.

Peel this fucker alive boys, and throw his stinking rotten fucking cunt carcass to the dogs.  He deserves no less.

Tue, 02/26/2013 - 11:27 | 3277590 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

 

The rich and powerful have firewalls built to protect them from the mobs that will certainly want to form:

 

WASHINGTON (AP) -- The Supreme Court won't let Americans challenge the expansion of a surveillance law used to monitor conversations of foreign spies and terrorist suspects.

The high court on Tuesday agreed with a government request to throw out a lawsuit from a group of American lawyers, journalists and organizations challenging the 2008 expansion of the Foreign Intelligence Surveillance Act (FISA). The organizations said Americans who think they're getting caught up in the government monitoring should be allowed to sue to stop the law's expansion.

A federal judge threw out their lawsuit, but the 2nd U.S. Circuit Court of Appeals reinstated it. The Supreme Court overturned that ruling on a 5-4 vote.

The court was not considering the expansion's constitutionality, only whether lawyers can file a lawsuit to challenge it in federal court.

 

Tue, 02/26/2013 - 11:56 | 3277629 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

If you get a chance, click on this link.  Greece: Blackwater mercenaries guarding Govt and overseeing police; coup feared  WTF?????

Tue, 02/26/2013 - 12:43 | 3278014 medium giraffe
medium giraffe's picture

holy shit dude....

Tue, 02/26/2013 - 11:15 | 3277531 jover
jover's picture

The pause in real GDPgrowth last quarter does not appear to reflect a stalling-out of the recovery. Rather, economicactivity was temporarily restrained by weather-related disruptions and by transitory declines in afew volatile categories of spending, even as demand by U.S. households and businessescontinued to expand. Available information suggests that economic growth has picked up againthis year.

Tue, 02/26/2013 - 11:20 | 3277534 Edward Fiatski
Edward Fiatski's picture

What a fucking sad bunch. That chair reading the rules and introduction makes me cringe.

Perhaps he can speak better than he reads.

Tue, 02/26/2013 - 11:16 | 3277536 FLUSA.com
FLUSA.com's picture

Is that Marco Rubio's water bottle? This alien species requires very small amounts of hydration....

Tue, 02/26/2013 - 11:16 | 3277537 Confundido
Confundido's picture

$1,584/oz and we're already $20/oz down from the high, when the manipulation began at 4am ET

Tue, 02/26/2013 - 11:22 | 3277563 El Hosel
El Hosel's picture

Thank you Benny, thank you Benny,thank you Benny.... Meeting adjourned.

Next up : public speaking 101

Tue, 02/26/2013 - 11:16 | 3277538 death_to_fed_tyranny
death_to_fed_tyranny's picture

Where are the muslim extremists when we need them to fly into this building. They could take out the real terrorists!

Tue, 02/26/2013 - 11:17 | 3277540 Agstacker
Agstacker's picture

It's painful to listen to Sen. Tim Johnson (D) SD, with his choppy, halting speach.  How do people like this get elected?

Tue, 02/26/2013 - 11:18 | 3277552 Bawneee Fwank
Bawneee Fwank's picture

Agree, this  motherfucker is awful...wtf "i look forward to hearing your vooooows"

Tue, 02/26/2013 - 14:15 | 3278364 Ms. Erable
Ms. Erable's picture

Senator: Who are you?

Bernspanke: Who am I? I'm the guy flying around in an unmarked helecopter and carrying a gun, asshole. You can call me mifwic.

Senator: Mifwic?

Bernspanke: Yeah, mifwic - mother fucker what's in charge.

Tue, 02/26/2013 - 11:17 | 3277542 Randy Goodnight
Randy Goodnight's picture

If listening to this drivel doesn't convince you to buy gold and silver, nothing will and you deserve what's coming!!!

Tue, 02/26/2013 - 11:17 | 3277543 death_to_fed_tyranny
death_to_fed_tyranny's picture

Oh. I forgot. FUCK YOU BEN BERNANKE! AND FUCK YOU TOO JON CORZINE!~

Tue, 02/26/2013 - 11:17 | 3277544 djsmps
djsmps's picture

Is Sen. Tim Johnson developmentally challenged?

Tue, 02/26/2013 - 11:40 | 3277662 death_to_fed_tyranny
death_to_fed_tyranny's picture

Yes. He is a retard. Sorry for the retards that he is part of your special club.

Tue, 02/26/2013 - 11:43 | 3277675 khakuda
khakuda's picture

Seriously.  He reminds me of the movie Ted after he had his ears ripped off.

Tue, 02/26/2013 - 11:18 | 3277548 Jason T
Jason T's picture

Armstrong is right on the ball.  

Tue, 02/26/2013 - 11:18 | 3277549 Rusty Trombone
Rusty Trombone's picture

Who the fuck is this retard ? I've pissed more ocherent patterns in the snow while shit faced.

Tue, 02/26/2013 - 11:18 | 3277551 JR
JR's picture

The international bankers have taken the morality out of economics: instead of a study of producing, distributing, and consuming goods for the common good, it has become a religion, a political system of extraction whose sole inhuman purpose is “making” money, at any cost – for the bankers and politicians – who produce nothing.

In general, the university and government-connected economists are nothing more than useful idiots for the Fed. Theirs is a recipe for disaster.  Whereas the American government once interfered with the economy less than the government of any other great nation, the Fed now interferes with the country’s economy more than did Stalin with the U.S.S.R's.

“Economics…has allowed itself to become captive of the technical tools that it employs without keeping track of what the tools are used for. In a very real sense, the economists of the 1980s (onwards) are illiterate in basic principles of their own discipline…they seem to get their kicks from the discovery of proofs of propositions relevant only to the own fantasy lands.” – Nobel Laureate James Buchanan

The Fed is morally bankrupt, insolvent, destroying by confiscation America's material prosperity, built from scratch in a market economy by work diligence and a humane spirit.

Tue, 02/26/2013 - 11:19 | 3277553 Rusty Trombone
Rusty Trombone's picture

Who the fuck is this retard ? I've pissed more coherent patterns in the snow while shit faced.

 

Tue, 02/26/2013 - 11:20 | 3277558 FLUSA.com
FLUSA.com's picture

Ok...this is wild...this guys name is Crapo!!!

Tue, 02/26/2013 - 11:20 | 3277561 moonstears
moonstears's picture

Tell 'im, Crapo!

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