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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 | 3479955 Manthong
Manthong's picture

PM on the Heidelberg.

Sun, 04/21/2013 - 10:59 | 3480046 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 | 3480054 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 | 3480076 max2205
max2205's picture

Timing is everything

Sun, 04/21/2013 - 11:17 | 3480105 Zer0head
Zer0head's picture

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

Sun, 04/21/2013 - 11:20 | 3480108 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 | 3480117 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 | 3480141 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 | 3480313 Precious
Precious's picture

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

Sun, 04/21/2013 - 12:26 | 3480362 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 | 3480384 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 | 3480563 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 | 3480754 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 | 3480779 Precious
Precious's picture

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

Sun, 04/21/2013 - 15:49 | 3481026 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 | 3481334 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 | 3482538 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 | 3480255 Marigold
Marigold's picture

BB = Beelzebub not visiting Paradise Lost.

Sun, 04/21/2013 - 13:39 | 3480635 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 | 3480773 eatthebanksters
eatthebanksters's picture

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

Sun, 04/21/2013 - 12:02 | 3480281 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 | 3481252 Rustysilver
Rustysilver's picture

Hey Pure Evil,

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

Sun, 04/21/2013 - 17:20 | 3481313 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 | 3480164 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 | 3480722 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 | 3480197 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 | 3480587 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 | 3480227 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 | 3480836 freewolf7
freewolf7's picture

If he knows it will be cancelled,

he wouldn't have to cancel first.

Sun, 04/21/2013 - 11:02 | 3480060 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 | 3480078 a growing concern
a growing concern's picture

Full speed ahead!!!

Sun, 04/21/2013 - 11:33 | 3480175 swissaustrian
swissaustrian's picture

Yes, just like when Greenspan left...

The rat is leaving the sinking ship.

Sun, 04/21/2013 - 11:37 | 3480192 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 | 3480571 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 | 3480597 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 | 3480098 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 | 3482558 Pinto Currency
Pinto Currency's picture

 

Grillos funded by Soros.

Sun, 04/21/2013 - 11:22 | 3480122 Chuck Walla
Chuck Walla's picture

PM on the Heidelberg.

Or the Hindenberg?

FORWARD SOVIET!!!

Sun, 04/21/2013 - 11:59 | 3480262 GOSPLAN HERO
GOSPLAN HERO's picture

Hindenberg's PM cargo lift capability was very limited.

Sun, 04/21/2013 - 13:42 | 3480651 11b40
11b40's picture

But the crash was spectacular.

Sun, 04/21/2013 - 23:40 | 3482525 agNau
agNau's picture

Combs,
He has combs to clean.

Sun, 04/21/2013 - 10:41 | 3479963 YesWeKahn
YesWeKahn's picture

Fuck you Bernanke!!!

Sun, 04/21/2013 - 11:01 | 3480055 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 | 3480299 JimS
JimS's picture

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

Sun, 04/21/2013 - 13:51 | 3480688 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 | 3480956 Banksters
Banksters's picture

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

Sun, 04/21/2013 - 10:40 | 3479964 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 | 3480417 tip e. canoe
tip e. canoe's picture

Fat Larry would be even funnier.

Sun, 04/21/2013 - 13:24 | 3480578 yogibear
yogibear's picture

Gefilte fish lady, Janet Yellen is being asked.

Sun, 04/21/2013 - 13:38 | 3480625 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 | 3479968 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 | 3480001 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 | 3480024 TeamDepends
TeamDepends's picture

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

Sun, 04/21/2013 - 11:09 | 3480074 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 | 3480189 robertocarlos
robertocarlos's picture

Kim Kardashian is a whore? Who knew?

Sun, 04/21/2013 - 10:44 | 3479970 firstdivision
firstdivision's picture

He cannot suck Blankfeins cock at the meeting?

Sun, 04/21/2013 - 11:28 | 3480144 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 | 3479971 Debugas
Debugas's picture

it means end of QE and major banking crisis

Sun, 04/21/2013 - 10:54 | 3480011 Going Loco
Going Loco's picture

It means something. It's not meaningless.

Sun, 04/21/2013 - 11:30 | 3480080 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 | 3480393 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 | 3481249 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 | 3480183 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 | 3480692 wiebern
wiebern's picture

Exactly. Why the announcement in advance?

Sun, 04/21/2013 - 23:25 | 3482497 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 | 3479974 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 | 3479975 TapperIsTicked
TapperIsTicked's picture

What event precludes the Maestro's schedule?

Sun, 04/21/2013 - 10:45 | 3479982 MFLTucson
MFLTucson's picture

Date with Barney?

Sun, 04/21/2013 - 11:18 | 3480116 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 | 3480158 Mae Kadoodie
Mae Kadoodie's picture

BBQ with the Rothchild's?

Sun, 04/21/2013 - 10:57 | 3480035 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 | 3480682 kentmills
kentmills's picture

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

Sun, 04/21/2013 - 11:19 | 3480100 derek_vineyard
derek_vineyard's picture

getting his hemmorrhoids treated?

Sun, 04/21/2013 - 10:45 | 3479976 Rustysilver
Rustysilver's picture

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

Sun, 04/21/2013 - 10:45 | 3479983 stinkhammer
stinkhammer's picture

Ben the gay blade

Sun, 04/21/2013 - 10:46 | 3479986 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 | 3480027 Rustysilver
Rustysilver's picture

MFL,

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

Sun, 04/21/2013 - 12:37 | 3480403 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 | 3479987 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 | 3480051 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 | 3480208 rqb1
rqb1's picture

I think he just did.

Sun, 04/21/2013 - 11:50 | 3480213 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 | 3479988 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 | 3479996 Go Tribe
Go Tribe's picture

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

Sun, 04/21/2013 - 10:50 | 3479997 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 | 3479998 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 | 3480050 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 | 3479999 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 | 3480142 screw face
screw face's picture

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

+1

Sun, 04/21/2013 - 10:52 | 3480003 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 | 3480007 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 | 3480010 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 | 3480061 Quinvarius
Quinvarius's picture

Who dares downvote that!

Sun, 04/21/2013 - 11:15 | 3480101 a growing concern
a growing concern's picture

Somebody gave the Bernank a ZH account.

Sun, 04/21/2013 - 11:17 | 3480110 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 | 3480178 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 | 3480314 IridiumRebel
IridiumRebel's picture

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

Sun, 04/21/2013 - 13:08 | 3480506 PeakOil
PeakOil's picture

Exactly. The cracks are beginning to show.

 

Sun, 04/21/2013 - 11:26 | 3480138 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 | 3480200 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 | 3480387 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 | 3481054 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 | 3480012 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 | 3480093 IridiumRebel
IridiumRebel's picture

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

Sun, 04/21/2013 - 11:23 | 3480127 PUD
PUD's picture

YOU BETCHA! LOL

Sun, 04/21/2013 - 12:10 | 3480308 IridiumRebel
IridiumRebel's picture

+1

Sun, 04/21/2013 - 13:24 | 3480576 Manic by Proxy
Manic by Proxy's picture

Yes. Why do you ask, Two Dogs Fucking?

Sun, 04/21/2013 - 16:57 | 3481229 WmMcK
WmMcK's picture

I call Bull Sit.

Sun, 04/21/2013 - 10:55 | 3480013 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 | 3480014 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 | 3480440 ActionFive
ActionFive's picture

But the debt is still there-Oh no

Sun, 04/21/2013 - 16:48 | 3481204 auric1234
auric1234's picture

Dear peasants: Prepare to be Cyprus'ed.

 

Sun, 04/21/2013 - 10:54 | 3480016 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 | 3480184 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 | 3480558 Winston Churchill
Winston Churchill's picture

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

Sun, 04/21/2013 - 13:18 | 3480559 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 | 3480017 Poetic injustice
Poetic injustice's picture

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

Sun, 04/21/2013 - 12:46 | 3480432 Jena
Jena's picture

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

Sun, 04/21/2013 - 10:55 | 3480018 Kirk2NCC1701
Kirk2NCC1701's picture

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

Sun, 04/21/2013 - 10:56 | 3480025 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 | 3480044 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 | 3480113 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 | 3480336 fuu
fuu's picture

They don't work.

Sun, 04/21/2013 - 14:00 | 3480706 auric1234
auric1234's picture

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

 

Sun, 04/21/2013 - 10:56 | 3480021 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 | 3480026 Oligarch
Oligarch's picture

Federal Reserve preparing bear market

Sun, 04/21/2013 - 10:56 | 3480028 razorthin
razorthin's picture

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

Sun, 04/21/2013 - 11:00 | 3480047 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 | 3480029 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 | 3480038 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 | 3480039 Rustysilver
Rustysilver's picture

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

Sun, 04/21/2013 - 10:58 | 3480040 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 | 3480045 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 | 3480056 Quinvarius
Quinvarius's picture

Great.  More ominous shit I can't comprehend.

Sun, 04/21/2013 - 11:13 | 3480088 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 | 3480099 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 | 3480146 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 | 3480157 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 | 3480195 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 | 3480049 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 | 3480082 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 | 3480053 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 | 3480057 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 | 3480103 screw face
screw face's picture

+1

Sun, 04/21/2013 - 12:08 | 3480300 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 | 3481205 WmMcK
WmMcK's picture

Sell in May and stay away.

Sun, 04/21/2013 - 11:05 | 3480065 BORT
BORT's picture

Any link to Obama meet with banks

Sun, 04/21/2013 - 11:12 | 3480081 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 | 3480087 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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