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Ben Bernanke To Miss Jackson Hole Symposium Due To "Scheduling Conflict"
The Fed's Jackson Hole, Wyoming symposium is one of the most sacred of annual Fed meetings: it is here that the Fed has historically hinted at any and all upcoming episodes of major monetary experimentation. As such, presence by the high priests of global monetarism is not only compulsory, it is a circular stamp of approval of the Fed's ongoing status quo-preservation capabilities. Which is why the fact that the man at the top himself, Ben Bernanke, whose term is due to expire just five months after this year's Jackson Hole gathering, will be absent "due to a scheduling conflict", is set to spark a fire of questions, first and foremost of which: is this the sign Bernanke is handing over the suitcase with the printer launch codes to some yet unspecified, second in command? Or, even worse for those addicted to monetary heroin, will Bernanke simply try to put as much distance as possible between himself and the place where (and when) the Fed announces the grand "open-ended" QE experiment is set to begin tapering?
From Reuters:
Federal Reserve Chairman Ben Bernanke will miss the annual Jackson Hole monetary policy symposium this year due to a scheduling conflict, skipping the prestigious event for the first time since taking the helm of the central bank in 2006.
The conference, held in late August in the splendor of the Grand Teton National Park in Wyoming, draws top central bankers from around the world. Bernanke's absence would mark the first time in 25 years that a Fed chairman has not attended.
A Fed spokeswoman, responding to a Reuters enquiry, said the chairman was currently not planning to attend because of a personal scheduling conflict.
Bernanke, and former Fed chair Alan Greenspan, whom he succeeded in 2006, have periodically used the setting to preview important U.S. central bank actions. For instance, Bernanke hinted at the impending launch of a third round of massive bond purchases by the Fed - dubbed QE3 - at the conference last August.
In 2008, the conference effectively became the site of an economic war room as top policymakers huddled to figure out how to tamp down a virulent financial crisis as investment bank Lehman Brothers hurtled toward collapse.
This year's meeting would have been viewed as an excellent opportunity for Bernanke to signal that the central bank might be leaning toward tapering bond purchases, if the economy continues to recover as officials hope.
An unmovable personal conflict four months in advance, to avoid beautiful sights such as this?
Or the perpetually glass case-enshrined bear?
Somehow we doubt it.
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PM on the Heidelberg.
Bernanke saw the memo that this year's security for Jackson Hole will be provided by Craft International.
Remember the Bernank's term comes to an end shortly and he wants to get out before it all caves in (TEOTGPonziE) so that he will be able to say "Really? It was OK when I left".
He will probably send his chosen/likely successor to do the Yellen?
Timing is everything
we need a Banzai of his schedule and the "conflict"
Dude, rumor has it that he's taking time off to get a Colonoscopy.
When they insert the camera, the doctor hopes to find out if he has shit for brains.
Although the way money flys out his ass, its quite possible that they find the source of all the fiat coming out of the Federal Reserve.
“The day of the Lord cometh like a thief in the night.” 2 Peter 3:10
The day is sometime around late August
The thief’s name is Bernanke
Long rosary beads
Seriously - the gold shortages being reported by ZH /other news sites and the months of backwardation we've seen on the LBMA are indicative of increasing stress and approach of a gold market event.
Bernanke can well see this and knows what it means for the sophistry with which he makes his livelihood.
He's going to be at Fort Knox taking inventory.
Even if sampled for tungsten, that should only take an afternoon.
Not that I really G.A.F., but who could possibly not understand the importance of periodic maintenance?
Let's not be so quick to judge him. They may have cancelled bunga bunga.
I wonder which dumb fuckers are going to rush in to add their names to the list of candidates for Bernanke's job. They wil need to be exceeding stupid and arrogant because only such a fool could really believe they could leave any type of legacy other than they were the ones piloting the Titanic hen it sank
Correction. The Rothchilds wouldn't approve his trip request.
BB not going to Jackson Hole?
.
Thats like Wayne Gretzky skipping out on the Stanley Cup Finals to go to - a softball game.
.
As some previously mentioned, maybe he go the call from his masters that he need not attend?
Or maybe something shitty is going to happen so they make an excuse to protect him, i.e., X-factor event?
Or maybe the man is sick and he needs some major surgery?
.
Either way - very stange and that they announce it so early in advance...
Clearly, Nibiru has entered earth's parallel again which is why all the heavy hitters will be underground monitoring the situtation. This could get ugly.
It wood take more time to open the door than do an actual count. Although it's likely the door been ajar since the last bar departed.
BB = Beelzebub not visiting Paradise Lost.
Ben may have to wash and Simmonize his bone dome in lieu of attending...
Personal scheduling conflict...he has to go to the dentist?
LOL. Whether or not he has shit for brains they are looking in the right place.
Hey Pure Evil,
You are pure evil: how do you think of this $shit.
"Dude, rumor has it that he's taking time off to get a Colonoscopy."
I'm sure there are many out there that would like to be inserting a drain rodder instead. They aleady know he's a big a-hole. How big is the question.
The a-hole will be missing J-hole.
'Sorry I'll miss Jackson Hole, but it's the only time this year that Satan was available for his annual blowjob'. - B.B.
BTW, if you want to see how worthless our fiat is, here is a guy that gets people to accept actual blank pieces of paper for products.
http://www.metacafe.com/watch/579884/how_to_pay_for_anything_with_blank_...
Really FUNNY vid, toys. Thanks for that.
More funny is that it's basically what happens millions of times a day with fiat!!
Ben Shalom has just got tapped to replace Stanley Fischer. Apparently he needs to be in Jerusalem in late August to count all the gold they don't have
The only thing that could be more important than working at Jackson Hole would be working the public's hole.
Actually he knows that jackson hole will be canceled this year as a result of financial chaos as markets decide that ownership ... not leverage is king.
Congregations of banksters will be frowned upon.
If he knows it will be cancelled,
he wouldn't have to cancel first.
>>>>> http://g.foolcdn.com/editorial/images/34462/gold-confiscation_large.jpg
INCOMING MARKET CRASH!!!!
All hands on deck.
(this could be a lot of fun to watch)
Full speed ahead!!!
Yes, just like when Greenspan left...
The rat is leaving the sinking ship.
Have to agree. There are no coincidences. What's the conflict? Is bernanke jr getting married or something?
i fucking told you guys, whne you are a in a hole you ..
never mind, print ...
He should send Greenspan to replace him. At least he couldn't phuck-up things any worse.
LIVE FEED OF PROTESTS GOING ON IN ROME BY BEPPE GRILLOS'S 5 STAR MOVEMENT
http://videochat.corriere.it/index_H2401.shtml
Grillos funded by Soros.
Or the Hindenberg?
FORWARD SOVIET!!!
Hindenberg's PM cargo lift capability was very limited.
But the crash was spectacular.
Combs,
He has combs to clean.
Fuck you Bernanke!!!
This is his f'n junket and he can't attend because of a "Scheduling Conflict"...........give me a break!!
Lame....Lame....Lameass..........
Small change: Lame....Lame-er....Lame-est.........
Reminds me of the time our regional VP scheduled a "mandatory meeting" buy then couldn't attend due to scheduling conflict. He left an agenda with bullet points so vague that none of us had any idea what he was going to talk about. We skipped his agenda items, spent 20 minutes on our own issues and left for lunch.
Come to think of it that was the most productive meeting that guy ever held.
Apparently the hotel will not be serving placenta and fetuses this year.
Oh please let Jamie Dimon be the next fed chairman, so much funny would ensue.
http://www.youtube.com/watch?v=ZS2Z19yTuPI
Fat Larry would be even funnier.
Gefilte fish lady, Janet Yellen is being asked.
Larry Summers is a possibility - he's a jew.
King Jamie, however, not eligible - he's not a jew. Besides, he already runs the FRB....why bother with the administrative hassle?
Unfortunately, he had already scheduled to floss his cat during that time period, and was therefore unable to arrange to attend one of the most important meetings for central bankers.
Reptilian symbiont rejuvenation procedures have to be done when and where they're needed, or perhaps he's just going to have his nails done..
Clearly, our lizard overlords aren't even trying to conceal the fraud anymore.
Yeah, either that or they're getting lazy. In this picture, Vanessa can't even be bothered to fully shapeshift back to humanoid form when she gets caught by the paparazzi. Check her wrist and hand.
http://www.wwtdd.com/enlargedimage/?back_to=/2013/04/vanessa-hudgens-giv...
Kim Kardashian is a whore? Who knew?
He cannot suck Blankfeins cock at the meeting?
I'm guessing Blankfein doesn't really have a cock, a word which implies a member of substance. Surely his evil emperor approach to life is compensation for something. The interns and staff at Goldman are just happy because they can barely tell when he's "doing his business."
it means end of QE and major banking crisis
It means something. It's not meaningless.
More Fed members may be concerned about asset bubbles, especially when insurance companies, pension funds, and money market agents are "reaching for yield" and trapped in the game of relative performance.
Most Fed members have believed that interest rates are a blunt tool for deflating emerging bubbles, and it should be up to the legislatrive branch to regulate, and prevent bubbles while the fed acts in a supervisor role and focus only on inflation and the output gap. However, there exist a logical dissonance with this premise. Namely, if the legislative branch is impotent (Dodd-Frank) or unwilling (TBTF banks own both parties) to regulate away bubbles, then the responsibility will fall on the Fed. Therefore if interest rates are a blunt instrument to deflate an emerging asset bubble, they would be even more blunt, if not toxic, when popping a massive bubble that is systemic. Hence, the Fed must be vigilant of bubbles, and intervene (pull back) if necessary [emphasis is my own].
Fed Governor Jeremy Stein:
February 7, 2013 Overheating in Credit Markets: Origins, Measurement, and Policy Responseshttp://federalreserve.gov/newsevents/speech/stein20130207a.htm
Bullshit, the FED created these bubbles. Maybe it means the US will be "Cyprused" because of the unmanagable amount of derivatives and gold will skyrocket.
Raising rates significantly will destroy the stock market, financial system and economy almost immediately.
all they have are interest rates and QE.
if lower interest rates creates bubbles, and higher interest rates deflate bubbles, then.. what are we talking about here..
it is more complicated then that, I know.
But they are in trouble and they won't admit it ever. I think BB not showing up is meant as a sign that things are too "ok" for him to show up.
well.. ok. I read it as more like Nero watching the Rome burn.
There is a message being sent by this notice which may very well be a "signal" sent in plain sight. Otherwise, he would have been on the schedule and the absence would have been communicated much closer to the event.
Exactly. Why the announcement in advance?
Usually there are "tells" in things like this, I'm not really good at the details but the phrase "scheduling conflicts" other than as a pat phrase raises two interesting themes: 1) scheduling has to due with command and control, 2) conflicts has to due with contests between power blocks. If one could expand the 'tell' I'd say they are currently having difficulty keeping things under control due to contests of power with others they can not or do not control...which sounds about right to me.
Doesn’t matter, what will come out of there are more lies regardless of who is present!
What event precludes the Maestro's schedule?
Date with Barney?
Or Bernie (as in Madoff).
One of the clues of an embezzler is that they never take vacations.
They must stay in the office every day to keep the cover-up from being discovered.
At this late date in the Ponzi, Ben's probably had a fold-down bed installed, and is living in his office in the Eccles Building.
Every morning, the janitors cart out the pizza boxes and empty bottles of Jack, while Ben showers in the men's room.
FREE BEN BERNANKE!
BBQ with the Rothchild's?
If he is having dinner with Legarde and Obama, I can assure you, we are all fkd.
+666 Quin - You've nailed the sign of The End
getting his hemmorrhoids treated?
So, it takes him that long to get his resume ready. Fvuck off Ben.
Ben the gay blade
Probably planning to leave the country before the implosion begins that he orchastrated and is looking for a house in some dark hideaway!
MFL,
Probably looking at houses in Spain, Greece or Cyprus. Good prices.
House prices in Spain didn't plunge yet. The banksters hold most of them in their books, so they can't be marked to market or the whole cartel would "become" insolvent.
THey can never stop printing.
Just imagine if they stopped printing tomorrow...what would happen...LoL
Yep, the stock market would implode!
Ben, If you decide to stop QE, put me on the Wall Street heads up Email list!
I think he just did.
3 card Monty, BOJ, ECB, FED. BOJ picks up the tab on the QE portion of the T-bill buying. Works until the Japanese people revolt against Abe. They can't stop monetizing debt but they can stop printing when you do the 3 card Monty game. They are getting ready to steal the 401ks, pensions and Iras invested in the market next. Blow up the banks and collapse the market at the same time anyone in an FDIC insured bank is going to get their savings including investments confiscated via the Dodd Frank bail in rules that prioritize risky toxic derivative trades over real assets to be paid off first. Everyones 401ks in investment banks like Chase are going to get chopped off at the knees and the rest decimated in the subsequent market drop when all that money gets sucked out of the equities to pay off toxic turd derivative exposure. Collapse is imminent here I'd be running to get my savings out of the stock market now and dumping it into t-bills, gold, silver, property, small business investments, anywhere but that socialist wealth transfer trap being set. They are just trying to corral as much of sheep into the slaughter pen now before springing it.
The only question is who drew the shortest straw to be the hatchet man.
https://www.youtube.com/watch?v=4oZPTlI3MEo
Shortest straw
Challenge liberty
Downed by law
Live in infamy
Rub you raw
Witchhunt riding through
Shortest straw
This shortest straw has been pulled for you
That would be like obummer missing a $25,000 a plate dinner and not collect the $$$........
He'll teleconference in from his bunker 5 stories beneath Chase headquarters.
He has to prepare his bunker for hiding.
Look this schmuck works for the crooks that tried to slam down gold. But APMEX ain't buying it Current Price of Gold Eagles from APMEX
1 - 9 $1,494.49 $1,539.32I expect the opposite...moar QE as we sink deeper into the depression.
moar QE
Exactly, with the economy sliding towards recession, the ACA set to wreck the employment picture and the Bamster thinking the solution is government "investment" this is why Bennie is gone.
And now we know what was talked about when the Wall Street guys were at the White House the other day.
Hold on for a Japan-like big print. Bennie, too bad, you own this one even if you want/forced to duck out early
sschu
This is what happens when unstoppable force meets an immovable object. Meaning they KNOW now they have failed and Bennie does not want to "spook the markets" that QE has to taper off. You are telling me that they cannot rearrange whatever the schedule conflict a Fed Res chairsatan has????
I think the takedown of the paper PMs was the tell, that was the event, it just has not materialized into the final collapse. They know the money is dead, and that there is nothing they can do about it.
So "One last glass of champagne please".
Milton must be rolling in he's grave. Jah Bless.
+1
With shit like this going on, I'd skip that meeting too.
http://www.usdebtclock.org/
He's pissed because he's been told what to do and does not like it!
He has to be pissed over Europe blowing up his master plan and restarting the banking collapse again, as well as idiots like Jamie Dimon who don't now how to run a bank. I think he is just done dealing with retards. Not sure that this signals anything other than disgust.
Who dares downvote that!
Somebody gave the Bernank a ZH account.
serial junker.....no worries. I think you are right. I think he actually felt he had things moving in the right direction and then there was a coup/fuckup(you decide) that has undermined it. I think it is a fuckup. I think the euros got arrogant and the Cyprus thing blew up in their fuckin faces. I think the PM takedown is doing the same thing as we see record Phyz buys by us plebes. Now the dominoes are beginning to tumble and we are seeing the first true cracks in the system they so desperately try to save.
Agreed. It was an interesting comment and not deserving of a junk much less two. There is more than one junker out there this morning. Did somebody piss off the freeshit army over on the HuffPo or Salon?
Da Bastin Suspact and Capchar made da EBT systam go dan.
Exactly. The cracks are beginning to show.
This is just another pm knockdown attempt. Bernanke will announce in 2 months "Just kidding bitchez!!!!!"
Being fed up and disgusted in dealing with retards is a burden for many. I can relate.
I hear ya it is like people have gone full retard that should know better. The retards are always going to be retards. I pity them poor bastards but you can't help retards that can't recognize they are retards. I reserve my ire and anger at the people who predate on them using false pretenses like they are nothing more than objects for their amusement.
Sinclair's price predictions lately have been most... unfortunate... but I remember him on this point a few days after Cyprus came down the pike. He told the media he wasn't going to stand for reappointment and would not accept reapointment if asked by the president.
Sinclair nailed it right then. Bernanke is furious the Troika has undone the entirety of his QE work in one act. He wants out because there is nothing more that he can do now.
The world has a much bigger problem to contend with, one no bank on earth can do anything about
H7N9 Bird Flu Cases In China Top 100; Deaths Reach 20
PUD, I've always wondered....is your avatar two lions fuckin?
YOU BETCHA! LOL
+1
Yes. Why do you ask, Two Dogs Fucking?
I call Bull Sit.
Headline from this year's meeting: Bernanke to be named "currency manipulator."
He will be leaving the Fed (via helicopter) to start a new hedge fund with Greenspan called "Bubbles 'R Us."
Tyler....tapering of qe????.......you mean you are starting to accept the idea he will save the dollar when the ship goes down????
But the debt is still there-Oh no
Dear peasants: Prepare to be Cyprus'ed.
Please be sympathetic here.
A civil servant with only $199,700 in salary and a somewhat stressful job should be allowed to have some vacation in the summer (and the truth is, wifey already booked the camping lot... that's all).
How's he a civil servant?
The FED is not a government agency.
No but the taxpayer pays their salaries, pensions, and exexs.
I guess the Fed would term themselves 'Quasi-governmental'. Close enough for them in their twisted logic.
Bernanke probably is too busy loading PM's on his getaway helicopter.
Perhaps he will forget the weight limt. Hey, a girl can dream.
Let's hope that it's not due to scheduled surgery and chemotherapy.
Let's hope that it's due to scheduled surgery and chemotherapy.
there fixed it for you.
We should be so lucky. These elites are above that poison reserved for the peasants.
A lot of those fuckers do seem to live a really long time, don't they?
They don't work.
Not so. Every time Bernanke dies, they print more of it.
The real important question is .. what will cnbc do now that he wont show? Who will LIESman interview?
Federal Reserve preparing bear market
That fucking bear is breaking through that glass before the grand meeting.
It is going to bust down the wall like the Koolaid Man with a body hair problem.
On a side note: The Gox's have stopped off for at church luncheon and might be back sometime or maybe not.
502 Bad Gatewaynginx/1.3.1
Unless he is scheduled to be laid to rest , what could be a more important schedule than Jackson Hole ????
What if he wasn't invited and that's his excuse.
He's got to get in line to get some PHYZZ!
Just found this on the Fed website:
On Thursday the Fed released its weekly H.4.1. It includes 3 new line items on the Assets side of the balance sheet: Unamortized Premiums, discounts and foreign currency denomiated assets. These 3 line items have been split from the "Other Assets" line item. Now that the Fed has split the way which it accounts for the value above or below face on its Treasurys into a seperate visible line item, when the bond bubble bursts this will present an easy way to visually identify the Fed's inevitable insolvency as the positive premiums plummet and negative discounts surge. This is all of course assuming the Fed were to realize the capital loss, which it probably can't afford to. I guess we'll all be waiting for the Fed instead to raise the Fed Funds rate until it his the D-rate ceiling. One can only guess what the Foreign Currency assets are, but one could assume they are likely worthless PIIGS sovreign debt.
http://www.federalreserve.gov/releases/h41/current/
The "Other Assets" graphically is available here:
http://research.stlouisfed.org/fred2/series/WAOAL?cid=32215
It also looks like the Fed forgot to finish updating this series of "Other Assets" as indicated by the break point, Oops!:
http://research.stlouisfed.org/fred2/series/WOTHAST?cid=32215
One should also ask themselves what was the Fed doing in the Forex markets during 2008:
http://research.stlouisfed.org/fred2/series/WFCDA?cid=32215
The 3 new line Reserve Bank Credit line items still aren't available. And all previous H.4.1 statements are still available unchanged.
Perhaps this in response to one of Tyler's articles about "Other Assets." So please Bernanke, continue to split your balance sheet line items up particulary to include the so called, Gold Certificate Account Assets, or should we say Gold Receivables. I would really like to know.
Great. More ominous shit I can't comprehend.
Everything can be explained by the footnote: "Components may not sum to totals because of rounding"
Exactly how I feel. It's obviously not good, there's a hell of a lot of it (I followed the links) and I don't have a freakin' clue whether it means I should buy or sell anything. I think it means I need a drink.
Even more ominous under the same "shit I can't comprehend" category:
H.4.1 historical data in DDP temporarily unavailable
2013-04-19
Due to technical difficulties, incorrect historical data was posted to the Data Download Program (DDP) for the H.4.1. As a result, data for the H.4.1 in the DDP are temporarily only available through April 10, 2013. Data through April 17, 2013, are available at http://www.federalreserve.gov/releases/h41/. Corrected data will be published in the DDP as soon as possible.
Looks like the Fed is having some technical and accounting difficulties. No problem with the printing press though.
Does the Fed and JP Morgan have the same person setting up their Excel sheets?
Rumors have it Bernanke jacked off with a goldbar stuck up his rectum, sadly it is as such, stuck. ("scheduling conflict"=goldbar not scheduled to stay up his kosher Jackson hole)
@ dcohen:
Bernanke's gold bar suppository was sold years ago, and secretly replaced with a tungsten-core bar instead.
Mr. Bernanke regrets to inform you .... that he can't lunch today .... he can't leave his cot .... in the Gold Suppression War Room !
They got it the wrong way round.
Jackson Hole is cancelled due to scheduling conflicts, because this shit is going down before the end of August. No need for the Bernank to be anyplace.
+1
A clear signal for Elites and Masses alike to prepare. May-Aug window set.
Tick, tock, tick tock.
Sell in May and stay away.
Any link to Obama meet with banks
The "bernak" has a slight conflict of interest, regarding his flotation device's.
http://www.govexec.com/management/2013/04/furlough-watch-potential-agenc...
Holiday season, soon come.
He got himself a sheep and humpng, hopefuly it is kosher and all. Just sayin.
Fuck Ben