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Bernanke Press Conference - Live Webcast
Will the Chairman mention the tools the Fed has to unwind its $3.1 trillion balance sheet, as he did during his Humphrey Hawkins testimony, which included "belts, suspenders -- two pairs of suspenders", will he discuss the many hats broke savers have, will he repeat that he does not provide financial advise, will he praise his tremendous "inflation record" once more, will he discuss the complete lack of the currency war the entire world is engaged in, or will he simply focus on what Corker called the "faux wealth effect"? Found out in moments as Bernanke hand-picked journalists toss him a veritable cornucopia of softball questions.
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Fuck you Bernanke!
Jittery and heavily medicated - AGAIN! How's that confidence coming along?
Little did people know but when Bernanke says inflation is "well controlled" he really means "confined to financial instruments surging to record-highs such that only my Wall Street buddies see any real benefit from the inconceivably large amounts of money creation that has taken place."
Ben fuckin Bernanke has no clue. I am sure he didnt put the factor of the confidence of the people in the financial system into his Princton approved model of economic growth. Wait till Cyprus opens its bank next week or whenever, I am sure we will feel the wraith that most PhD economists are not expecting because they dont factor in social consequences of their fuckin money printing policies...... but for now, please keep ramping the S&P to new highs. Lets get this over with so we can finally start the fall of epic proportions.
he may be clueless but he just made it clear to me he will be back for a 3rd term.
i keep waiting for someone at these circle jerks to jump up and say"its not working you jackass!"
No, you would expect someone from the circle jerk to jump up and shout, "We're out of lube, but KEEP PRINTING".
He seems to have ready answers to most questions.
Makes me wonder if the Q&A Session is just a scripted show?
The suspense is killing me.
Are we there yet?
They'll soon jump up and shout "we're out of paper"
Hey Ben here's an idea: https://www.youtube.com/watch?v=j5aN0VmvFn4
"do I still have time to get in"? why doesnt this guy just go up to the stage and blow the Bernank right now.
I'm not a violent person but I had a strong urge to punch that guy in the face when he said that.
And who is the witch from AP? Couldn't she at least comb her fuckin hair this morning instead of looking like a hippy that just walked out of the woods?
Well why pay 100 bucks an hour for a paid actress to come on when you can get a bum off the street for the price of a hot dog....now we wouldnt want to waste money and boost the deficit even more now, would we?
Someone said that on CNBS this morning and they were hammered.
.
what was that running down liesman chin....
Printing ink!
At least Steve washed off his Dirty Sanchez before going on air.
Beta blockers, bitchez!
Watch a live spot gold minute chart as he speaks:
http://www.pmbull.com/gold-price/
More fun with testimony, because it often reacts more to the questions and the questioner, than the questionee.
There is a real warble in his voice, must be that dildo he is sitting on.
He gets a meatball pitch over the center of the plate, and Dr. Shakey McShakes still shows up. Yeah, he is confident....oh so confident.
Hilsenrath and LIESman sitting together exchanging handjobs under the table.........this whole sham makes me barf
There are 2 kind of people in power in US today: The Morons and The Crooks.
This poor sod (and his buddy O) are from the first category.
The rest of the lot are from the second.
P.S. How stupid has one to be in order to fill the tank of a Gas running presidential limo with Diesel ?
All the world's a stooge. And the players, mere pawns. Part the curtain, and reveal the Wizard pulling Bennie's levers, and pushing his buttons.
Ben is looking extra healthy today, and I haven't heard him stutter yet.
Must be MAJIC.
I'm happy for him.
Prozac is the only explanation for his behavior
I think they use some alien-tech meds, synthesised from Area 51 Research Labs.
Take your pills
Don't be rediculous. It's MK Ultra...
/sar
"I think they use some alien-tech meds, synthesised from Area 51 Research Labs."
Don't worry MKUltra's got this one. I can see the scalar energy beam lighting up his dome as he speaks.
It's MAJIC either way. :)
They brought in a new clone, the last one kept dividing by 0
FLASH: Ben looks Gay 'er today
I hear he achieves the spectacular shine on that bald noggin of his with the fat of puppies and infants. His beard is composed almost entirely from the fur of baby seals.
Could be worse, taxpayers could be footing the bill for a barber shop in the capitol, probly loaded to the gills with debt, LOL!!!
Aw shit...
Almost forgot. I would like to apply for the 2M dollar grant job to investigate if lesbians are prone to heavier drinking than non-lesbian women.
I, more than anyone else should know, as i am a lesbian trapped in a mans body.
My husband is too. Does that make me a lesbian?
No.
Like my wife, you would be considered bi. :)
Have to keep up with the times an all.
Not until after he gets a sex change.
it is those last healthy days before death. Cancer patient relatives can recognize it.
there you go ekm. he just said gas/energy prices are transitory.
that means a knockdown is coming in the energy market, but is sure ain't coming from the cessation of QE.
@fonzanoon
"The Market is up today, so I don't think [Cypress] is having much of an effect."
-BernanQE
-BernanQE
Nice, I have not seen the true spelling before. +1
@MsCreant
I refuse to spell it any other way. It is his legacy. BTW, too long since I've seen you here!
I wish, just once, that Bernanke would go into one of these press conferences with his pet unicorns. I hear they are very cute.
I wonder when we will realize this is bernak's way of cropdusting us.
Slightly different language.
ZH just tweeted Obama said that we'll stop Iran.
I can't see this going for too long.
Factors:
- Crude oil/food prices
- Iran
Same as for George Bush.
If we go to war with Iran crude spikes off the charts, no?
It's the opposite, like Reagan against Ghadafi in 1988 or so.
All that oil in storage is to flood the market when war starts, if it starts.
Same as in Reagan time, oil spikes and collapsed after oil release.
If as Bush did, oil released before attacking iran due to financial collapse, then Iran will be pushed to Hillary or Rand Paul, whoever wins next elections, same as Bush leaving Iran to Obama.
I love reading history. It's a guide for the present and the future.
Im gonna go out on a limb here and suggest that Jeb Bush will be the next chosen one.........gotta keep that bush war record intact!!
GWB twice, followed by Obama twice, followed by another Bush? I hope I'm fucking droned before it happens.
don't worry,you're already on THE list.
Getting droned at this point would be a relief.
No, instead you are doomed to an eternity of watching this fucking bullshit faggotry we call day to day existence.
Enjoy!
*for the NSA douchecopters viewing the responses to this article: fuck off and die in a fire.*
not even a suggestion. it's already etched in gold as soon as they propped up obongo. he's the one that takes the dive and jeb get to be the 'saviour'. first family in usa to have three kings.
if you think we go to war and I think we just go broke which one of us this the optomist?
Can't go broke if crude oil is coming freely in exchange for worthless dollars.
Just few oligarchs will become poor.
The spice must flow, period.
.
Bernak just quoted Paul Volker in saying the only contribution the financial sector has made was the ATM in response to a shrinking financial sector. OT but very interesting. I guess that means we could do with a few less investment banks...
I told you I expected something different today
we will see my friend. I see a lot of the same as far as the eye can see.
Most of these questions seem to be asked by stuttering 11 year olds. Most of them are asking if/when the fed will exit. He seems to be having a jolly time knocking these easy shots off the tee.
And the BRICs won't care? I don't think so. All paper buring, nothing gets serious until people demand to take possession make that margin call or if the supply lines break.
I think the supply chains are already broken.
Decision imminent, IMO
FYI, I borrowed the "supply chain" wording from you.
So long as the EBT cards are working for the "useless eaters" and the fiat is working for the "elite", I disagree.
At least we agree on principle as to the cause.
Timing is a different story.
Crude crude, or paper crude?
Paper crude is a derivative of real crude.
Paper will collapse.
Paper (insert your favorite real commodity) is a derivative of (insert your favorite real commodity).
Paper will collapse.
FIXED
His voice is shaky. He sounds nervous.
Also speaking a little faster
Shakiness and tempo issues are common with broken records.
Please throw up on world television. pretty please!
Like this?
http://www.youtube.com/watch?v=l7_zyzF7PEw
Like this?
http://www.youtube.com/watch?v=l7_zyzF7PEw
Like this?
http://www.youtube.com/watch?v=l7_zyzF7PEw
Like this?
http://www.youtube.com/watch?v=l7_zyzF7PEw
Like this?
http://www.youtube.com/watch?v=l7_zyzF7PEw
@Better_late_than_never
He's just nervious because that brunette in the front row was making serious eye contact while typing out his masterful words.
Has he had a stroke he is not using his right hand to gesture, either that or he is having a wank under the table, might expalin the shaky voice. He keeps telling himself don't climax, don't climax. I expect him to collapse at the end.
Ya! And is it me, or is he speaking out of both sides of his mouth?
'Monetary tool' - is he talking about himself?
LMAO!
+1 exactly!
<sarc>
So lets see if we the serfs have this straight Ben. Everything is 'getting better', but since your looting spree has had such a 'non-response' from those your stealing from hell 'let's take more'.
Hell of a plan
</sarc>
click click BOOM!
Lovein Bernanke, Stroke that "Market" at a medium pace.
http://www.youtube.com/watch?v=zLm5oSJRxIU
Goddamn I forgot that song. Thanks for the memories, dude.
Ben is thankful he has no hair.
The words Bernanke and Press should never be seen in the same sentance.
Ziggy sees FED speak with BS coming out of mouth
DOW ramped a HUNDRED?? OMFG...it's even more desperate out there than I thought! Well, good luck with all your 'stocks' bullshit Ben, I'm out of this rigged casino forever way better profits elsewhere...have fun with your faggot-ass buttboys on Wall St Ben.
And BTW I almost forgot...FUK U BERNANK!
FUCK YOU BERNANKE YOU QUIVERING LIP, SHAKEY VOICE, LYING ASS BITCH MOTHER FUCKING SOCIOPATH COCKSUCKER MOTHER FUCKER BANKER!!!!!!!!!!!!!!!!!!!!!!!!!!
Do sociopaths get nervous? All the rest is fine. Carry on.
How much has the dollar devalued since this pathetic motherfucker took over? Does anyone have a number from the MIT Billion Prices project to share?
Wasn't that whole program moth balled?
pick a date since 1914...
it dont matter cause its ALL BAD!!
http://www.usinflationcalculator.com/
Oiy vey. One word. Begins with an F.
Where's LongSoupLine?
He is working as a fucking taxidriver in London.
wondering that myself.. his profanity-laced tapestries are truly missed around here lately
Hey Ben, if the recovery is here cut the $40 BILLION per month of MBS purchases and raise rates to 1%.
we've been 'recovering' for about 4 years now. hate to see what a relapse would look like.
housing is 'fixed' again. 'bottom'. i guess the thing about catching and seeing bottoms is you can never have too many,
i'm starting to like that.
The fed right now is doing the "on the one hand" bs that ZH detailed yesterday.
that is eerie.
He keeps calling it "accomidation". It's almost a tradition.
A barbarous relic?
One question would do it.
If things are going as well, why continue with QE?
DavidC
Go Quivering Lips!
he's thinking about his mommy's chopped chicken liver sandwich. wish he had one right now.
Dammit Bernanke, quit shaking, you dumbass. Do you want them to figure out that the "toolbox" is empty. Interest rates are zero, you're printing over 1 trillion $$$$ a year, and just because the economy is slipsliding away, you suddenly can't lie like Larry Fink? Just keep saying to yourself "you can sustain an economy indefinately by printing fiat" over and over again until you believe it. Jackass.
You will find this interesting:
Here I have overlaid global public debt from 1999-Q3 2012 from this site (it was at about 50 trillion USD in Q3 2012) :
Global public debt World Bank database
Over the price of gold for the same period.
http://saposjoint.net/Forum/viewtopic.php?f=14&t=3214&p=41391#p41391
But global public debt= net world wide savings in fiat currencies ( all). One can see from the chart that initially, the raise in Japanese public debt did not cause movement in the gold prices, but when the USA debt started to grow due to Iraq war in the end of 2003 and decisively exceeded that of Japan by Q3 2005, gold price started to catch up.
Also, its possible to see that gold price reaction to QE2 was fictitious, as QE2 did not increase global public debt, and gold prices returned to debt line, and now they probably have undershot below ( there are no data yet available for global public debt for Q4 2012 and Q1 2013). Gold prices can over and undershoot pretty much (+30%/-22%) , as I have explained before, and as visible from
There is also no reaction to QE3, as QE3 does not increase USG debt relative to what it would have been without QE3; QE3 only suppresses interest rates.
Question remains is USG debt=net savings in USD driving the gold prices in USD, or is it the global debt=net savings in all fiat that impacts price of gold in USD. Correlation in 2001-2007 is better with USG debt, while after 2007 total fiat savings=global public debt - fits very well and explains the pullback after QE2.
Paper GLD will do what it is told. Nothing changes until physical bullion is demanded, then all hell breaks loose. Applicable to commodities now as well. The world has been here before.
...uuummm...quantitative...uuummmm.....easing.....ummmm.....is....aaahhh.....uuumm....good....
Just fucking drone me
NAH...everythings just PEACHES and CAKE out there! We don't NEED $100 billion/month direct life support for stawks, its just 'accomodation' see?
Eh...shove it up your ass Ben.
Liesman! Calibration FTW! Jeez, it's a room full of Liesmans.
Full speed ahead! Print print print.
First reasonable question about Cyprus
"The vote failed and the markets are up today" (BB)
Yes, a good question. But Bernanke is not concerned because the markets are up!
wow.
Ah, here's the first Cyprus question...
Answer: They suck, we don't.
Answer: we got the ppt
"My child is well, is not stealing, and is recovering from addiction; however, the muggings and heroin injections will continue until sometime in 2015."
I'd like a pair of Ben's blinders because apparently he is pretty much the only one who doesn't see the imminent threat in his monetary policy.
No drinking game? Come on, I don't feel well and could use some medicine...
LOL. Same as it ever was.
Just be glad he didn't say he was clearing the asset portion of his sheet, and oh, he is tking 30% of your IRA and savings account and ....
Re Cyprus, "...the vote failed and the markets are up today so all is well the financial systems"
the market has become a proxy for his own performance...Buy Any Fucking Dip until the revolution
Add another word, begins with "H", in front of word that begins with "F".
Cyprus? Ah, markets are up, so no big deal ... but we're monitoring.
John H. ... are you looking forward to the hummer I will bestow upon you at our next tryst?
Dupe, apologies.
look ya'll...
we can bring this shit to an end all by our selves...
EVERY OTHER WEEK OR EVERY WEEK LETS BY PHYSICAL SILVER AND GOLD...
LEAVE ONLY 20 DEBT COUPON DOLLARS IN THE BANK UNLESS YOU GOT BILLS TO PAY AND NEED TO DO SO ELECTRONICALLY BUT ONLY DEPOSIT FOR THAT PURPOSE AT THAT TIME...
STAY OUT OF THE "FRAUD MARKET" COMPLETELEY.........
we need widespread active resistance in this manner at the least...
JOIN ME......................
EVERYBODY FUCKING MAN UP..............................
I'm in. Better yet, get a credit card that offers airline miles, issued by the same bank as the one with whom you have your checking account, pay all of your monthly bills on that credit card, and keep only enough money in your checking account to pay off the credit card each month, while the issuing bank gives you enough miles to get free plane tickets every 6 months or so to do it. The leftover fiat gets traded for shiny rocks.
My wife and I haven't paid for air travel in years. However, we no longer travel by boat after that one accident.
Way ahead of ya, papi. And if I didn't HAVE to have direct deposit, I wouldn't. Wait til you feel the freedom of living on cash! You can buy shit and there's no trace. SWEET!
Remember to NOT use your cash reward card...
Addressing TBTF? Are you kidding? You aren't addressing it, you are ENABLING IT!!!
If you don't want TBTF don't bail the mother fuckers out and then buy $45+ BILLION per month of their bundled crap Mortagage Backed Securities!!!
AAAAUUUUGGGGHHHHH!!!!!
The man is a pathological liar - or a complete dithering fool.
Benny looks like he's about to shit his pants...Um...Um...Um...
This guy is in charge of something? WTF?
CIA has finally gotten his meds down pat ...
Ask him what the difference between QE and Market rigging is.
Or why the Federal Reserve even exists when the US Constitution requries the US Treasury to create the coin of the realm.
"Or why the Federal Reserve even exists when the US Constitution requries the US Treasury to create the coin of the realm."
Same thing with the IRS... Both frauds.
how is this jackass able to get away with this shit?
this is so fucking illegal, he manipulates stocks so badly, yet he is allowed to be free.
i cant take this shit anymore, i need the market to fucking crash and wall st bankers to go to prison for life
This asshole has created housing bubble 2.0 by manipulating the market and keeping prices high so main street's money keeps flowing into mortgage payments and taxes, with little left over for discretionary spending. Great way to grow the eCONomy Ben, you idiot!
Bbbut he IS growing the economy, been to Longggiiillland lately?
Liesman was on CNBC yesterday talking about QE ending in 2014 and the Fed unloading it's 3 trillion in assets. Neither will ever happen.
How can it? Who would buy it? And without the FED pumping up the market those assets would loose value right away....
"It's all very complicated....." only us PHd's can figure it out.
Yeah, and "Numerical economic targets are sign posts - not triggers".
ROFLMAO!
In my favorite dream, Claus von Stauffenberg puts a briefcase down next to Bernanke's podium.
This was one very dovish statement.
The Dow got the message. The PM's would be ripping if not for the Exchange Stabilization Fund's creation and sale of some more paper gold.
High home prices are good! Part of Ben's salary must come from the NAR (National Association of Racketeers).
Yeah, Mission accomplished.... new stock and housing bubble in place.
"We're not targetting asset prices"
"We are not targeting asset prices" LIAR !!!!!!!!!!!!!!!