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Being Bernanke - The Game
Think it's easy printing green? Believe you could do a better job than our illustrious bubble-blower-in-chief? The WSJ has created 'The Federator' in what we assume is a qualifying process for a Federal Reserve career. On an otherwise quiet day in equity and bond markets, the 'Defender-esque' game enables rates to be lowered (through the bearded-one's jetpack) or raised and a helicopter money-drop is added with the goals of maintaining the 2% inflation rate while keeping unemployment low... Fail and you will witness a WSJ headline exclaiming the error of your ways.
"Armed at first with a jetpack of prospective rate cuts, a bearded central banker takes off in a quest to keep the growth rate up, the unemployment lines short, and prices stable.
True to the U.S. experience during the financial crisis, unemployment jumps quickly at the outset and the economy tanks, requiring hefty rate cuts.
Once rates reach zero, as they are bound to do, the jet pack transforms into a helicopter that starts dumping money on the economy below. It’s quantitative easing time!"
WSJ's explanation of the game:
Click image to 'play'...
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fucking statists.
Using freshly printed fiat to douse out a wild fire in the financial markets...great fuckin idea.
I don't see the Hilsenrath leak button for "taper, exit strategy, etc..."
"The FED will not be monetizing US debt through QE."
BenBen
For unlimited M^2 Money Supply...
.
Hit: a,b,a,b, left, right, left, right, up, down, a,b, start - on your controller...
The game would be more realistic in multi-player mode, player 2 can opt for Turbo Tim, J'aime Diamonds, or Lord WhiteFine to vanquish opponents a la Double Dragon.
The game is rigged. The repeat rate on my keyboard is too slow <CTRL-P>.
You are using only one hand. You need to use two hands. LRLRLRLRLRLRLR VERY FAST. The game is winnable!!!
The only winning move is not to play.
You Austrian fool!!! I can win this!@!!
someone at NASA has a wonderful sense of humor
Late yesterday,
NASA turned the 230-foot (70-meter) Deep Space Network antenna at Goldstone, California towards "Asteroid 1998 QE2" as it was heading towards its closest approach to Earth, and they got a big surprise:
https://twitter.com/universetoday/status/340184232565538816
http://d1jqu7g1y74ds1.cloudfront.net/wp-content/uploads/2013/05/qe2.jpg
http://www.universetoday.com/102532/surprise-earth-passing-asteroid-1998-qe2-has-a-moon/It requires a right proper amount of 'HOMESCHOOLING' to alter ones destiny from instead of becoming a run of the mill "Pedro at South of the Border", to ending up as a sleazy money printer...
Almost as much fun as the San Fransico Federal Reserve's "Be Fed Chairman for a Day Game"
http://www.frbsf.org/education/activities/chairman/
Have interest at 19% until turn 13, then drop to zero. On last turn set interest to 3 and you got 3% funds rate, 3% unemployment and 2.5% inflation, but still get 'dismissed'.
To win this game just keep interest at 4.5% all the way thru
Where is the button to buy politicians?
I got 2.5% inflation, 7 % unemployment. I expect the phone to start ringing any second now. Who calls first though, Gideon Gono or Shalom?
Phuuuuck. 2.5% and 6% and still no call!
That was my personal best, as well.
2.4%, 5% and *** here I come Shalom!
In level 2 of the game, you can upgrade your helicopterr to a drone.
Statists? I though the Fed was a private bank...
If the banksters weren't statists there wouldn't be a Fed.
If the 'banksters' were Bangladeshi there wouldn't be a Fed either...
Isn't that the opposite (fed is draining the state (taxpayer), for the benefit of its private shareholders and associates)?
Well... I've never seen money on MY lawn. - {Looks up}
There's a priest, a minister and a rabbi. They're out playing golf and they're trying to decide how much to give to charity.
So the priest says, we'll draw a circle on the ground, we'll throw the money way up in the air and whatever lands inside the circle, we give to charity.
The minister says "no", we'll draw a circle on the ground, throw the money way up in the air and whatever lands outside, that's what we give to charity.
The rabbi says "no, no, no", we'll throw the money way up in the air and whatever God wants, He keeps.
Definition of 'Fiat' - http://dictionary.reference.com/browse/fiat?s=t
Without the backing of the states use of force there could be no 'Fiat' currency. The term 'statist' means any person or artificial 'person' (i.e. corporation) who willingly relies on the use of force by people in costumes to make a living.
Both the bernake and the WSJ are both rabid statists.
But I thought the problem with the dollar was it's not government money!?...
oh, it is not, deal with it.
I don't have to...
People are always overthinking this stuff. The problem with the dollar is that people dressed up in costumes will break your door down and fuck your life up if you try not to use it on any large scale or if you are being very public about using something else. That is the cause of all the subsequent problems you are talking about. As long as .gov is willing to back whatever currency the fed decides to print with its goons, it makes no difference whether or not it's government money.
I suspect none of that is for the benefit of the state, just to take advantage of it - but if that's your definition of statist...
The 'state' is just a fictional creation of people in the same way a corporation is, that is the point I am trying to make. In reality, there are only people. Yes, the rich of the world effectively buy the protection that states offer in order to make themselves richer at the cost of others. We are in agreement there. Until enough people realize that the state is the tool they use to control things, nothing will change for the better.
Working for the benefit of the state/nation/country/whatever as a whole, and for the personal benefit of a few close "friends"/"relatives" are absolute opposites. You can't call the second statists by any stretch of imagination - saboteurs, maybe; parasites, definitely; statists, that's just fooling yourself.
WSJ should come out with a series of games:
Being Joe Lavorgna -- The Game
Being Blythe Masters -- The Game
Being Paul Krugman -- The Game
Being Mario Draghi -- The Game
Being Jim Cramer -- The Game
Being Tyler Durden -- The Game
Being Carl Icahn -- The Game
Being The Falcones -- The Game
Being Steve Cohen -- The Game
etc. etc.
Where is Tiny Timmah, the corn hole king ? Game is not complete without all the playahs..........
Nyan Cat is not amused.
When they mock......it's over
Yup, my first thought was that this was the top ticking moment in central back bizarro world
#1) must be a joo banker
A priest and a rabbi leave a bar, and see a ten year old boy. The priest says "Let's screw him!" and the rabbi says "Out of what?"
http://www.frbsf.org/education/activities/chairman/
I set the interest rate to zero the second quarter and left it there for the remainder of the game. The inflation rate was 30% by the end of the game. Obviously their models are wrong, because in the real world there is no relationship between the interest rate, unemployment, and inflation. There used to be, but not anymore.
set it to zero for 2 years and try and win after that.
WTF is an "inflation fish?"
Can such a thing even exist?
YES, IT CAN:
http://en.wikipedia.org/wiki/Tetraodontidae
They forgot Bernankefish.
feeds on human babies
"The only way to win is...not to play."
I wonder what would happen if you just kept the rates up and left it alone...
unemployment exceeds 10% and you get fired.
Fun, but playing makes me feel QEasy.
Where's the logmein window for Hilsenrath?
except that money dropped from the helicopter never reaches the "economy". it stays within the banks coffers and is redeposited with the fed as reserves.
I'd argue that if money were dropped from helicopter, it would reach the real economy because Joe Dirt could pick it up of the ground. What has been happening is that the "free money" goes to the banks first for ZIRP. When does my business get access to a ZIRP loan? Hell, a NIRP loan would be even better.
If that money were available to the chattle, inflation would be insane. The debt has doubled in 5 years, that means the amount of dollars has doubled. Can you imagine everything doubling in price? This money is not for you, it is for the bank ledger, to keep it looking solvent. They still try to export inflation, but dollars aren't wanted as much as they used to be.
Thanks captain obvious. The end result will be the same. This time it will be the same the world over. hedge accordingly.
Your bussiness can't get access to a ZIRP loan, because it's not solvent enough. So it has to pay a risk premium.
The TBTF, on the other hand, are solvent, and this is why they deserve free credit.
Of course, solvency in a fiat currency regime is a purely fiat definition. "Solvency by fiat" as you'd call it. Someone is solvent only if the CB says so.
The irony is that nobody realizes that the CB itself is broke, because it sold all the gold in exchange for paper (which they can print themselves anyway??).
If the game doesn't have a "Seppuku" option, then it just isn't worth playing.
I notice there is no way to crash the money printing chopper......at least it is realistic
So in the Bail-Outs, our future money was taken. In the coming Bail-Ins, our current money will be taken. Then come the Bail-Backs - taking our PAST money via clawbacks.
LOL, okay, that's brilliant. Get physical, because when fraud is the status quo, possession is the law.
LOL, is there some holy roller down arrowing your every post just for having your name as LawsofPhysics?
Actually I think the bail backs will be where they take all your physical assets
Don't want to give up your real/physical wealth? Tough, get ready for the tax increases. They are coming....
BTW, as far back as the Egyptians, they knew that taxes above 20-25% presented diminishing returns. These Jackals running the BIS could care less. They are bent on destruction.
correct - what do you pay interest on your credit cards?
I think this is brilliant! Think about the underlying message of this game - its the first real truth thats been told by a mainstream media source regarding central planning : in the end, you always lose.
It might be a bit satirical but it accurately presents the situation we are in now - trusting a foolhardy academic to deploy tricks so that we may careen from one crisis to the next.
The answer for America, and the world, is stop playing the game.
Maybe the message is that you're not smart enough to win the game. So, you can leave it to geniuses like Bernanke and Krugman to save the day.
When I play, I will sink rates to maximum negative, print as much money as possible, hire JPM to kil the "inflation fish" and ignore all WSJ headlines that pop up. I just want to see what happens in that scenario.
I think after playing this you are qualified to be Fed Chairman. With no marketable skills you can run the Fed, a higher up in banking, the government, main stream media or higher education.
Is it me or is the game unwinnable?
I tried 3 times and cant finish. Each time unemployment gets to 13% it crashes my chopper
You are too unwilling to print, according to the game!
"Sorry, this game doesn't support Internet Explorer. Please try Chrome, Firefox, or Safari"
Guess the Fed shuns MSFT, though I'm perplexed why they want you to try Firefox which hasn't IPO'ed yet.
haha I finished with success, unemployment was 9% and inflation was only under 3% despite all that free money
Your Nobel Prize is in the mail.
Obviously a student of the great repression.
Rates hikes should be an automatic game over. Imagine what would happen to the bond market if rates spiked up to just 4% after being at 0% for over four years.
The banks would be begging for another bailout too. Their balance sheets would be obliterated from any kind of rate hike.
Evidently, I can stimulate the economy better than Bernake.
winnning
http://www.bloomberg.com/news/2013-05-30/the-opportunity-of-failing-brid...
Yep, the broken window, writ large.
So this is how they prepare folks for rate hikes.
Zakatoom!!!
5% Unemployment
2,5% Inflation
3 Stars
"Stability, Prosperity Returns
Barely ascratch! Thanks to the careful and measured action by the Fed, the U.S. economy is back on track for the foreseeabl future. What began as a credit crisis and crashing housing market is now largely considered behind us. "
Just leave it to the Germans you suckers! :P
Thanks German, however, your fate in the euro in still in the crapper.
Theo De Raadt is not amused.....
I played. I didn't do anything. Nothing happened.
Hmm.
In case you get good at this version of the game here is a another version that is much more diffucult.
https://dl.dropboxusercontent.com/u/164837919/HelicopterBen/index.html
play this.
losing the main plot is a strategy, good work.
now I get it.
Tyler-
Here's a good one for ya'
http://www.calculatedriskblog.com/2013/05/fake-prosperity-in-ireland-for-g8-summit.html
i still could not figure out what bill mcbride is made of. he's a sellout douchbag most of the time.
Thank you, ehm... India?
I finally have my own game!!! I am so honored.
Time to work on getting that bobblehead doll.
This game is so damn unrealistic. I've never seen a helicopter outside of my place dropping gangster wads....the buildings depicted should be JPM & Goldman Sach HQs...