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Ben Bernanke To Miss Jackson Hole Symposium Due To "Scheduling Conflict"

Tyler Durden's picture





 

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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Sun, 04/21/2013 - 10:36 | Link to Comment Manthong
Manthong's picture

PM on the Heidelberg.

Sun, 04/21/2013 - 10:59 | Link to Comment Pinto Currency
Pinto Currency's picture

 

Bernanke saw the memo that this year's security for Jackson Hole will be provided by Craft International.

Sun, 04/21/2013 - 11:01 | Link to Comment philipat
philipat's picture

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?

Sun, 04/21/2013 - 11:09 | Link to Comment max2205
max2205's picture

Timing is everything

Sun, 04/21/2013 - 11:17 | Link to Comment Zer0head
Zer0head's picture

we need a Banzai of his schedule and the "conflict"

Sun, 04/21/2013 - 11:20 | Link to Comment Pure Evil
Pure Evil's picture

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.

Sun, 04/21/2013 - 11:21 | Link to Comment Big Slick
Big Slick's picture

“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

Sun, 04/21/2013 - 11:29 | Link to Comment Pinto Currency
Pinto Currency's picture

 

 

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.

Sun, 04/21/2013 - 12:11 | Link to Comment Precious
Precious's picture

He's going to be at Fort Knox taking inventory.

Sun, 04/21/2013 - 12:26 | Link to Comment toys for tits
toys for tits's picture

Even if sampled for tungsten, that should only take an afternoon.

Sun, 04/21/2013 - 12:33 | Link to Comment Manthong
Manthong's picture

Not that I really G.A.F., but who could possibly not understand the importance of periodic maintenance?

Sun, 04/21/2013 - 13:21 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

Let's not be so quick to judge him.   They may have cancelled bunga bunga.

Sun, 04/21/2013 - 14:12 | Link to Comment eatthebanksters
eatthebanksters's picture

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

Sun, 04/21/2013 - 14:19 | Link to Comment Precious
Precious's picture

Correction.  The Rothchilds wouldn't approve his trip request.

Sun, 04/21/2013 - 15:49 | Link to Comment BLOTTO
BLOTTO's picture

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...

Sun, 04/21/2013 - 17:27 | Link to Comment willwork4food
willwork4food's picture

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.

Sun, 04/21/2013 - 23:47 | Link to Comment HardwoodAg
HardwoodAg's picture

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.

Sun, 04/21/2013 - 11:55 | Link to Comment Marigold
Marigold's picture

BB = Beelzebub not visiting Paradise Lost.

Sun, 04/21/2013 - 13:39 | Link to Comment Tom Servo
Tom Servo's picture

Ben may have to wash and Simmonize his bone dome in lieu of attending...

 

Sun, 04/21/2013 - 14:18 | Link to Comment eatthebanksters
eatthebanksters's picture

Personal scheduling conflict...he has to go to the dentist?

Sun, 04/21/2013 - 12:02 | Link to Comment Jake88
Jake88's picture

LOL. Whether or not he has shit for brains they are looking in the right place.

Sun, 04/21/2013 - 17:06 | Link to Comment Rustysilver
Rustysilver's picture

Hey Pure Evil,

You are pure evil: how do you think of this $shit.

Sun, 04/21/2013 - 17:20 | Link to Comment yogibear
yogibear's picture

"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. 

Sun, 04/21/2013 - 11:32 | Link to Comment toys for tits
toys for tits's picture

'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_...

Sun, 04/21/2013 - 14:03 | Link to Comment Big Slick
Big Slick's picture

Really FUNNY vid, toys.  Thanks for that.

More funny is that it's basically what happens millions of times a day with fiat!!

Sun, 04/21/2013 - 11:39 | Link to Comment Cacete de Ouro
Cacete de Ouro's picture

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

Sun, 04/21/2013 - 13:33 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

The only thing that could be more important than working at Jackson Hole would be working the public's hole.

Sun, 04/21/2013 - 11:50 | Link to Comment ArkansasAngie
ArkansasAngie's picture

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.

Sun, 04/21/2013 - 14:37 | Link to Comment freewolf7
freewolf7's picture

If he knows it will be cancelled,

he wouldn't have to cancel first.

Sun, 04/21/2013 - 11:02 | Link to Comment johngaltfla
johngaltfla's picture

INCOMING MARKET CRASH!!!!

 

All hands on deck.

 

(this could be a lot of fun to watch)

Sun, 04/21/2013 - 11:11 | Link to Comment a growing concern
a growing concern's picture

Full speed ahead!!!

Sun, 04/21/2013 - 11:33 | Link to Comment swissaustrian
swissaustrian's picture

Yes, just like when Greenspan left...

The rat is leaving the sinking ship.

Sun, 04/21/2013 - 11:37 | Link to Comment nbsharma
nbsharma's picture

Have to agree. There are no coincidences. What's the conflict? Is bernanke jr getting married or something?

Sun, 04/21/2013 - 13:21 | Link to Comment resurger
resurger's picture

i fucking told you guys, whne you are a in a hole you ..

never mind, print ...

Sun, 04/21/2013 - 13:32 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

He should send Greenspan to replace him.   At least he couldn't phuck-up things any worse.

Sun, 04/21/2013 - 11:16 | Link to Comment nasdaq99
nasdaq99's picture

LIVE FEED OF PROTESTS GOING ON IN ROME BY BEPPE GRILLOS'S 5 STAR MOVEMENT

 

http://videochat.corriere.it/index_H2401.shtml

Sun, 04/21/2013 - 23:54 | Link to Comment Pinto Currency
Pinto Currency's picture

 

Grillos funded by Soros.

Sun, 04/21/2013 - 11:22 | Link to Comment Chuck Walla
Chuck Walla's picture

PM on the Heidelberg.

Or the Hindenberg?

FORWARD SOVIET!!!

Sun, 04/21/2013 - 11:59 | Link to Comment GOSPLAN HERO
GOSPLAN HERO's picture

Hindenberg's PM cargo lift capability was very limited.

Sun, 04/21/2013 - 13:42 | Link to Comment 11b40
11b40's picture

But the crash was spectacular.

Sun, 04/21/2013 - 23:40 | Link to Comment agNau
agNau's picture

Combs,
He has combs to clean.

Sun, 04/21/2013 - 10:41 | Link to Comment YesWeKahn
YesWeKahn's picture

Fuck you Bernanke!!!

Sun, 04/21/2013 - 11:01 | Link to Comment Translational Lift
Translational Lift's picture

This is his f'n junket and he can't attend because of a "Scheduling Conflict"...........give me a break!!

 

Lame....Lame....Lameass..........

Sun, 04/21/2013 - 12:06 | Link to Comment JimS
JimS's picture

Small change: Lame....Lame-er....Lame-est.........

Sun, 04/21/2013 - 13:51 | Link to Comment wiebern
wiebern's picture

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.

Sun, 04/21/2013 - 15:22 | Link to Comment Banksters
Banksters's picture

Apparently the hotel  will not be serving placenta and fetuses this year.   

Sun, 04/21/2013 - 10:40 | Link to Comment Burt Gummer
Burt Gummer's picture

Oh please let Jamie Dimon be the next fed chairman, so much funny would ensue.

 

http://www.youtube.com/watch?v=ZS2Z19yTuPI

Sun, 04/21/2013 - 12:41 | Link to Comment tip e. canoe
tip e. canoe's picture

Fat Larry would be even funnier.

Sun, 04/21/2013 - 13:24 | Link to Comment yogibear
yogibear's picture

Gefilte fish lady, Janet Yellen is being asked.

Sun, 04/21/2013 - 13:38 | Link to Comment Tom Servo
Tom Servo's picture

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?

Sun, 04/21/2013 - 10:42 | Link to Comment rehypothecator
rehypothecator's picture

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.  

Sun, 04/21/2013 - 10:52 | Link to Comment DeadFred
DeadFred's picture

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..

Sun, 04/21/2013 - 10:57 | Link to Comment TeamDepends
TeamDepends's picture

Clearly, our lizard overlords aren't even trying to conceal the fraud anymore.

Sun, 04/21/2013 - 11:09 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

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...

Sun, 04/21/2013 - 11:37 | Link to Comment robertocarlos
robertocarlos's picture

Kim Kardashian is a whore? Who knew?

Sun, 04/21/2013 - 10:44 | Link to Comment firstdivision
firstdivision's picture

He cannot suck Blankfeins cock at the meeting?

Sun, 04/21/2013 - 11:28 | Link to Comment LetThemEatRand
LetThemEatRand's picture

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."

Sun, 04/21/2013 - 10:44 | Link to Comment Debugas
Debugas's picture

it means end of QE and major banking crisis

Sun, 04/21/2013 - 10:54 | Link to Comment Going Loco
Going Loco's picture

It means something. It's not meaningless.

Sun, 04/21/2013 - 11:30 | Link to Comment DormRoom
DormRoom's picture

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 Responses

http://federalreserve.gov/newsevents/speech/stein20130207a.htm

Sun, 04/21/2013 - 12:34 | Link to Comment Bay of Pigs
Bay of Pigs's picture

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.

Sun, 04/21/2013 - 17:05 | Link to Comment yatikto
yatikto's picture

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.

Sun, 04/21/2013 - 11:37 | Link to Comment Spigot
Spigot's picture

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.

Sun, 04/21/2013 - 13:54 | Link to Comment wiebern
wiebern's picture

Exactly. Why the announcement in advance?

Sun, 04/21/2013 - 23:25 | Link to Comment Spigot
Spigot's picture

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.

Sun, 04/21/2013 - 10:44 | Link to Comment MFLTucson
MFLTucson's picture

Doesn’t matter, what will come out of there are more lies regardless of who is present!

Sun, 04/21/2013 - 10:45 | Link to Comment TapperIsTicked
TapperIsTicked's picture

What event precludes the Maestro's schedule?

Sun, 04/21/2013 - 10:45 | Link to Comment MFLTucson
MFLTucson's picture

Date with Barney?

Sun, 04/21/2013 - 11:18 | Link to Comment machineh
machineh's picture

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!

Sun, 04/21/2013 - 11:31 | Link to Comment Mae Kadoodie
Mae Kadoodie's picture

BBQ with the Rothchild's?

Sun, 04/21/2013 - 10:57 | Link to Comment Quinvarius
Quinvarius's picture

If he is having dinner with Legarde and Obama, I can assure you, we are all fkd.

Sun, 04/21/2013 - 13:50 | Link to Comment kentmills
kentmills's picture

+666 Quin - You've nailed the sign of The End

Sun, 04/21/2013 - 11:19 | Link to Comment derek_vineyard
derek_vineyard's picture

getting his hemmorrhoids treated?

Sun, 04/21/2013 - 10:45 | Link to Comment Rustysilver
Rustysilver's picture

So, it takes him that long to get his resume ready. Fvuck off Ben.

Sun, 04/21/2013 - 10:45 | Link to Comment stinkhammer
stinkhammer's picture

Ben the gay blade

Sun, 04/21/2013 - 10:46 | Link to Comment MFLTucson
MFLTucson's picture

Probably planning to leave the country before the implosion begins that he orchastrated and is looking for a house in some dark hideaway!

Sun, 04/21/2013 - 10:56 | Link to Comment Rustysilver
Rustysilver's picture

MFL,

Probably looking at houses in Spain, Greece or Cyprus. Good prices.

Sun, 04/21/2013 - 12:37 | Link to Comment auric1234
auric1234's picture

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.

 

Sun, 04/21/2013 - 10:48 | Link to Comment Kina
Kina's picture

THey can never stop printing.

 

Just imagine if they stopped printing tomorrow...what would happen...LoL

 

 

Sun, 04/21/2013 - 11:00 | Link to Comment Jim B
Jim B's picture

Yep, the stock market would implode! 

 

Ben, If you decide to stop QE, put me on the Wall Street heads up Email list! 

Sun, 04/21/2013 - 11:43 | Link to Comment rqb1
rqb1's picture

I think he just did.

Sun, 04/21/2013 - 11:50 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

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

Sun, 04/21/2013 - 10:49 | Link to Comment Translational Lift
Translational Lift's picture
Ben Bernanke To Miss Jackson Hole Symposium Due To "Scheduling Conflict"

That would be like obummer missing a $25,000 a plate dinner and not collect the $$$........

Sun, 04/21/2013 - 10:49 | Link to Comment Go Tribe
Go Tribe's picture

He'll teleconference in from his bunker 5 stories beneath Chase headquarters.

Sun, 04/21/2013 - 10:50 | Link to Comment q99x2
q99x2's picture

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 $1,539.32
Sun, 04/21/2013 - 10:50 | Link to Comment Handful of Dust
Handful of Dust's picture

I expect the opposite...moar QE as we sink deeper into the depression.

Sun, 04/21/2013 - 11:00 | Link to Comment sschu
sschu's picture

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

Sun, 04/21/2013 - 10:50 | Link to Comment Everyman
Everyman's picture

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".

Sun, 04/21/2013 - 11:27 | Link to Comment screw face
screw face's picture

Milton must be rolling in he's grave. Jah Bless.

+1

Sun, 04/21/2013 - 10:52 | Link to Comment Manipuflation
Manipuflation's picture

With shit like this going on, I'd skip that meeting too. 

 

http://www.usdebtclock.org/

Sun, 04/21/2013 - 10:54 | Link to Comment BurningFuld
BurningFuld's picture

He's pissed because he's been told what to do and does not like it!

Sun, 04/21/2013 - 10:54 | Link to Comment Quinvarius
Quinvarius's picture

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.

Sun, 04/21/2013 - 11:02 | Link to Comment Quinvarius
Quinvarius's picture

Who dares downvote that!

Sun, 04/21/2013 - 11:15 | Link to Comment a growing concern
a growing concern's picture

Somebody gave the Bernank a ZH account.

Sun, 04/21/2013 - 11:17 | Link to Comment IridiumRebel
IridiumRebel's picture

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. 

Sun, 04/21/2013 - 11:35 | Link to Comment Manipuflation
Manipuflation's picture

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?

Sun, 04/21/2013 - 12:12 | Link to Comment IridiumRebel
IridiumRebel's picture

Da Bastin Suspact and Capchar made da EBT systam go dan.

Sun, 04/21/2013 - 13:08 | Link to Comment PeakOil
PeakOil's picture

Exactly. The cracks are beginning to show.

 

Sun, 04/21/2013 - 11:26 | Link to Comment fonzannoon
fonzannoon's picture

This is just another pm knockdown attempt. Bernanke will announce in 2 months "Just kidding bitchez!!!!!"

Sun, 04/21/2013 - 11:41 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Being fed up and disgusted in dealing with retards is a burden for many. I can relate.

Sun, 04/21/2013 - 12:44 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

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.

Sun, 04/21/2013 - 15:53 | Link to Comment ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

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.

 

Sun, 04/21/2013 - 10:53 | Link to Comment PUD
PUD's picture

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

Sun, 04/21/2013 - 11:13 | Link to Comment IridiumRebel
IridiumRebel's picture

PUD, I've always wondered....is your avatar two lions fuckin?

Sun, 04/21/2013 - 11:23 | Link to Comment PUD
PUD's picture

YOU BETCHA! LOL

Sun, 04/21/2013 - 12:10 | Link to Comment IridiumRebel
IridiumRebel's picture

+1

Sun, 04/21/2013 - 13:24 | Link to Comment Manic by Proxy
Manic by Proxy's picture

Yes. Why do you ask, Two Dogs Fucking?

Sun, 04/21/2013 - 16:57 | Link to Comment WmMcK
WmMcK's picture

I call Bull Sit.

Sun, 04/21/2013 - 10:55 | Link to Comment economists_do_i...
economists_do_it_with_models's picture

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."

Sun, 04/21/2013 - 10:53 | Link to Comment kito
kito's picture

Tyler....tapering of qe????.......you mean you are starting to accept the idea he will save the dollar when the ship goes down????

Sun, 04/21/2013 - 12:49 | Link to Comment ActionFive
ActionFive's picture

But the debt is still there-Oh no

Sun, 04/21/2013 - 16:48 | Link to Comment auric1234
auric1234's picture

Dear peasants: Prepare to be Cyprus'ed.

 

Sun, 04/21/2013 - 10:54 | Link to Comment cdntrader
cdntrader's picture

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).

Sun, 04/21/2013 - 11:37 | Link to Comment toys for tits
toys for tits's picture

How's he a civil servant?

The FED is not a government agency.

Sun, 04/21/2013 - 13:18 | Link to Comment Winston Churchill
Winston Churchill's picture

No but the taxpayer pays their salaries, pensions, and exexs.

Sun, 04/21/2013 - 13:18 | Link to Comment Deacon Frost
Deacon Frost's picture

I guess the Fed would term themselves 'Quasi-governmental'. Close enough for them in their twisted logic.

Sun, 04/21/2013 - 10:55 | Link to Comment Poetic injustice
Poetic injustice's picture

Bernanke probably is too busy loading PM's on his getaway helicopter.

Sun, 04/21/2013 - 12:46 | Link to Comment Jena
Jena's picture

Perhaps he will forget the weight limt.  Hey, a girl can dream.

Sun, 04/21/2013 - 10:55 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Let's hope that it's not due to scheduled surgery and chemotherapy.

Sun, 04/21/2013 - 10:56 | Link to Comment Conman
Conman's picture

Let's hope that it's  due to scheduled surgery and chemotherapy.

 

there fixed it for you.

Sun, 04/21/2013 - 11:00 | Link to Comment razorthin
razorthin's picture

We should be so lucky.  These elites are above that poison reserved for the peasants.

Sun, 04/21/2013 - 11:19 | Link to Comment a growing concern
a growing concern's picture

A lot of those fuckers do seem to live a really long time, don't they?

Sun, 04/21/2013 - 12:19 | Link to Comment fuu
fuu's picture

They don't work.

Sun, 04/21/2013 - 14:00 | Link to Comment auric1234
auric1234's picture

Not so. Every time Bernanke dies, they print more of it.

 

Sun, 04/21/2013 - 10:56 | Link to Comment Conman
Conman's picture

The real important question is .. what will cnbc do now that he wont show? Who will LIESman interview?

Sun, 04/21/2013 - 10:57 | Link to Comment Oligarch
Oligarch's picture

Federal Reserve preparing bear market

Sun, 04/21/2013 - 10:56 | Link to Comment razorthin
razorthin's picture

That fucking bear is breaking through that glass before the grand meeting.

Sun, 04/21/2013 - 11:00 | Link to Comment Quinvarius
Quinvarius's picture

It is going to bust down the wall like the Koolaid Man with a body hair problem.

Sun, 04/21/2013 - 10:58 | Link to Comment q99x2
q99x2's picture

On a side note: The Gox's have stopped off for at church luncheon and might be back sometime or maybe not.

 

502 Bad Gateway

nginx/1.3.1

 

Sun, 04/21/2013 - 10:59 | Link to Comment Seasmoke
Seasmoke's picture

Unless he is scheduled to be laid to rest , what could be a more important schedule than Jackson Hole ????

Sun, 04/21/2013 - 10:59 | Link to Comment Rustysilver
Rustysilver's picture

What if he wasn't invited and that's his excuse.

Sun, 04/21/2013 - 10:58 | Link to Comment Silver Garbage Man
Silver Garbage Man's picture

He's got to get in line to get some PHYZZ!

Sun, 04/21/2013 - 11:00 | Link to Comment Debtonation
Debtonation's picture

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.

Sun, 04/21/2013 - 11:02 | Link to Comment Quinvarius
Quinvarius's picture

Great.  More ominous shit I can't comprehend.

Sun, 04/21/2013 - 11:13 | Link to Comment Big Slick
Big Slick's picture

Everything can be explained by the footnote: "Components may not sum to totals because of rounding"

Sun, 04/21/2013 - 11:15 | Link to Comment Going Loco
Going Loco's picture

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.

Sun, 04/21/2013 - 11:28 | Link to Comment P Rankmug
P Rankmug's picture

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.

Sun, 04/21/2013 - 11:31 | Link to Comment Debtonation
Debtonation's picture

Looks like the Fed is having some technical and accounting difficulties.  No problem with the printing press though.

Sun, 04/21/2013 - 11:38 | Link to Comment toys for tits
toys for tits's picture

Does the Fed and JP Morgan have the same person setting up their Excel sheets?

Sun, 04/21/2013 - 11:05 | Link to Comment dcohen
dcohen's picture

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)

Sun, 04/21/2013 - 11:11 | Link to Comment Croesus
Croesus's picture

@ dcohen:

Bernanke's gold bar suppository was sold years ago, and secretly replaced with a tungsten-core bar instead.

 

Sun, 04/21/2013 - 11:00 | Link to Comment Monedas
Monedas's picture

Mr. Bernanke regrets to inform you .... that he can't lunch today .... he can't leave his cot .... in the Gold Suppression War Room !

Sun, 04/21/2013 - 11:01 | Link to Comment Anglo Hondo
Anglo Hondo's picture

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.

 

Sun, 04/21/2013 - 11:16 | Link to Comment screw face
screw face's picture

+1

Sun, 04/21/2013 - 12:08 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

A clear signal for Elites and Masses alike to prepare. May-Aug window set.

Tick, tock, tick tock.

Sun, 04/21/2013 - 16:51 | Link to Comment WmMcK
WmMcK's picture

Sell in May and stay away.

Sun, 04/21/2013 - 11:05 | Link to Comment BORT
BORT's picture

Any link to Obama meet with banks

Sun, 04/21/2013 - 11:12 | Link to Comment screw face
screw face's picture

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.

Sun, 04/21/2013 - 11:13 | Link to Comment I am Jobe
I am Jobe's picture

He got himself  a sheep and humpng, hopefuly it is kosher and all. Just sayin.

Fuck Ben

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