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Bernanke Speaks - Live Webcast
After the angst that he created when he last spoke, and today's shenanigans after the Minutes, we can only imagine how his presentation at the NBER's Boston conference will impact the markets. We would be surprised if anything new came from Bernanke's presentation on "The Last 100 Years of The Federal Reserve" but the following Q&A (as we noted here) will be trial-balloon after trial-balloon we suspect as he prepares for next week's Humphrey-Hawkins.
Bernanke's prepared remarks on the 100th anniversary of the Fed which are meaningless (just look at the purchasing power of the USD for the Cliff notes), as only the Q&A will matter.
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Fuck you, Bernanke!
ditto
Wait... so what happens when the "Bank of Last Resort" needs a Bank of Last Resort? Shouldn't it all collapse?
Since they're just pulling stuff out of their asses at this point, they'll look off planet for assistance from the Bank of Uranus.
If you are fed up with whats happening in the PM markets then its time PM investors take back the PM markets. Join the Silver Pledge - an effort to beat the banks at their own game by having investors join up and buy physical silver - together we can break this market. You can read more here:
http://www.communitysynergy.com/subscribe/silver_pledge_site.html
And I know some of you hardcore PM-bugs are concerned because you are signing up your email ... but hate to break it to you but NSA probably already knows all about you.
This is a grassroots effort and we need everyone's help - instead of standing apart and complaining lets join together and really try to make a difference!
Only problem is, how do you know some idiots won't join up using leverage?
lmfao
They should dispense with all this boring nonsensical economic hypothesis and have Bernanke deliver the goods the old fashioned Roman way, thumbs up or down.
I remember hearing, could be totally off, but that it was actually thumbs down for "lay down your weapon", and thumb to the side for "slit his throat".
Just something i half remember, no research done for this claim.
446pm bernanke is super dovish....ES going to go through the roof
"Highly accommodating"
All that boring bullshit to get to that! Oh he's still talking?
dollar just dropped 1.25% to 83.47
10 year modestly higher in price
ES will be the default benficiary of any fed action to lower rates......just end the QE and let rates find their home---you've lost control of rates because people feel entitled to 10% minmum rate of return there is LITTLE or NO fear
I thought the FED was created on dec 23 1913...
Bernank Foto Kaption Kontest:
"Krugman knows, Krugman knows, Krugman knows I just packed the intern down the hall".
Its like telling a drug addict of 30 years that he will experience something (accomodative) that takes him even higher.....
he just didnt know the thrill was jumping off a 50 storey building.
This is complete BS. The dollar is getting destroyed now even as the bearded one is going UH, UMM, OH, ERRR
"I do not think our asset purchases is having an effect on the supply chain"
He's on fucking crack. Does he really believe he is in control of everything with his new rules and "stress tests"?
I liked Bernanke's speach. I know you guys will kill me with downarrows for this, but I reallly liked that the mentioned financial instability more than 100 times (didn't count but...). On top of that he focused on transparency as his legacy, clearly admitting that before there was NO transparency and that there is still a lot of work to do, meaning they still don't have transparency. If you listen carefully, he ended up admitting most of what we say here, but of course in a very careful language that is politicallty sensitive to the mess he could start if he didn't. I particularly liked the comment on what could have happened in the future when they tapper if they didn't tell the world that QE WILL NOT be infinite and then a few years later they TAPER. My overall recollection knowing the math in detail is that the significant increase in resources allocated to financial stability have already detected what I have been saying that they more QE they less stability that they must stop since it is obvious that they have reached the stability boundaries of the system. Therefore, no matter what the pain was they had to go out and tell the world that they ARE indeed going to Taper. Very interesting speach and there is no replacement to listening to it with a lot of care, not the speach itself, but the questioins and the answers he provided to them, specailly interesting is to count the number of Ehh that he uttered.
Except that he's given this same speech almost word for word countless times over the past four years. He always acknowledges that things are worse on basically all fronts but that just makes the rest of his bullshit more insidious.
My guess is that if you count the number of times that he refers to financial stability in the answers, it has gone up exponentially since he started given speaches and press conferences. Hiis BS is insidious, but nobody who is not insidious would be able to reach that position, the system is what is wrong. So going back to Bernanke, I should have clarified that I am referring to the questions and his answers, not to the speach itself, which is not worth listening to. Anyway, the clear part is that THEY are going to indeed taper, which is what worried me the most, since once we get out of the current atrractor (or present stability point of the system) all bets would be off with respect to where we will end (with stone age being a possible new attractor that obviously doesn't attract me much personally). Tapering is good, them worried about financial stability is better still. Them having restructured the FED and adding resources (read PhDs mathematicianes and physicisits hopefully) is also very good.
It is up to us to change the political side of things and change their mandate but voting correctly in elections and not to the BS candidates we are presented every singly time by the two party system. We did it in MN with Jesse Ventura and gave politicians a lesson that took them quite some time to forget. That needs to happen at the National level.
"but nobody who is not insidious would be able to reach that position, the system is what is wrong"
"the system" is made up of individuals who every day must make profound decisions that only reflect their integrity, morals and respect fo rules, but impact millions, no billions. "The system" is broken because "individuals" have corrupted it and because every day all of us "individuals" allow it to remain.
The NSA is getting into the Philip K. Dick pre-crime stuff so they know what you are doing before you do it. One thing they can't figure out is how to view our timeline with percentages in the 80-90% accuracy. They always end up viewing an alternate timeline.
not sure the bicycles we'll be running by then will achieve orbit around Uranus
... that is to say, they'll be pulling the money out of 'Ur' ass rather than bullshit policies out of theirs.
I'd say the asses are just about empty at this point. When will the rich start eating each other? That's a show I'd pay admission to.
BTW: Isn't cute the way the spotlights play on Ben's bald little head. He's such a fun guy. Somebody shoulda powdered his noggin.
I think it is cute that MDB shaved his beard before the meeting.
So, you're saying my sizable investment in Spiderman towels isn't gonna pay off?!
+1 and yes.
Why are all of the ZH ads popping up showing AR15s, ammo and precious metals?
Rhetorical question...
Watch your search perameters soldier.
Not rhetorical at all. If you click on them they report you to the NSA.
Yes, just as planned with the issuance of a global currency (more joobux), but not before a war against those gold-hoarding commies.
Have at it, Bernocchio, you lying sack of shit. Lie away, my friend. The world is watching.
As you listen to this clown, remember the FED, who controls interest rates, money supply, and who actively exports inflation to other nations, is a PRIVATELY OWNED AND RUN CORPORATION, whose shareholders are members of the TBTF banks.
Federal Reserve = private firm controlling money distribution amongst themselves and setting global inflation policies - a direct act of war against other nations.
Absolutely sickening!!!!
Balderdash and poppycock! Ben Bernanke is a kind, bearded, bald man, and the Fed's sole imperative is to make this world a better place for children and puppies.
Only a fucking cheesepope [with his mother holding his fucking hand] could possibly be interested in watching this...
What is a cheesepope?
He's not John Gault. That's for sure.
I reckon a cheesepope is someone non-spiritual who hides behind the label of religion, to somehow legitimize their actions, or atleast make them beyond reproach. see people claiming to be doing God's work
Balderdash and poppycock! Ben Bernanke is a kind, bearded, bald man, and the Fed's sole imperative is to make this world a better place for children and puppies.
/sarc off
Fixed.
And Kittens! Don't forget the cute little kittens!
shocking really. at a certain level downright disturbing. it would be interesting if he had a news conference actually dressed up as a clown. hm. i wonder what the market would do then...
I wouldn't waste my time watching this drivel. Can somebody please confirm that he indeed sounded like a complete douchebag?
Roger that. But you left out clueless -- a complete clueless douchebag.
It's all Bullshit!!!
Shhhh! The "bearded clam" will lecture (boring part), and then answer questions (interesting part). He needs to lower yields otherwise he will look stupid. But maybe he will say the horrible word "taper" and the ES will plummet in AH. But since the Fed controls the overnight futures, all will be made good by tomorrow open.
if he calms the bond market...the ES will explode higher
the ES has to be hit hard to get any support for yields----lets go cold turkey right now
I tried watching for 1 minute. I'd rather gauge out my eyes and then swallow a can of gasoline before lighting up a delicious cigarette.
Great experiment for stability huh? How'd that work out?
lame duck chairman
Nobody cares what he says now.
Dudley is trying to herd the cats, now.
Who will step up? Goldman Sachs "family" aspect notwithstanding, they ALL come across as lame ducks, in deep over their heads. Hope this is real, hard, direct, unscripted Q&A.
Only 2 requirements to become the next fed chairman/woman:
-Jewish
-willing to bend over for the banking cartel and tribe members
Dont look like things will change when the frontrunners are Rubin, Summers, Yellen, Kohn.....the raping continues.
Zionist; not Jewish....there is a difference
Right ... Mel Brooks, Steely Dan, Don Rickels, Rod Carew, they stay.
The Zionists, they go.
People refuse to acknowledge that Fed's scope of work is:
CONFUSION AND PROPAGANDA
Fed's scope of work is not monetary policy
Mom jeans Bernanke will be replaced by Summers, Geithner, or Yellen. None of which will make the dollar happy. More QE no doubt in my mind from these misfits because that's all they know.
See my comment below. It's just an opinion and it's free, but Jeremy Stein is grooming himself as the lone sane member of the Fed should the realization at how FUBAR a situation Bernanke has helped to create become more widespread amongst the sheeple (be it due to futher cratering economy/equity markets/banking crisEs, etc).
Same Princeton, MIT, Harvard BS.
I can't believe this cheap suit-wearing, cheap coffee-breath smelling, queefy-lipped farty-talking shiny-domed pederast slap-happy baggy-eyed pencil-peckered paper pusher works the primary controls of the world economy and 100% represents the full gumption of American financial might. .
FML
you forgot droopy eyed, fart smelling, skin bag, mouth breather
I'm being conservative.
That will leave a stain!
the frontal lobe is the location of the brain where creative and compassionate ideas emanate. notice how all these banker types are bald? hair won't grow in that cesspool.
Unreal, he blamed the great depression on the gold standard...
You blame anything and everything when in charge of a counterfeiting ring like the FED.
Rewriting history helps too.
Bernanke - "I have no clue."
End the Fed before it ends us.
The biggest bubble in nominal and REAL terms has now been inflated and is before our very eyes, all based on massive, radical central bank interventionism for 4+ years, which instead of being built on sound and logical notions, has been essentially a spray & pray macroeconomic/monetary policy.
We've had a nearly 5 year reflationary bubble that has broken fair market valuation and price discovery, as well as normal supply/demand ratios, on equities, bonds, other credit/debt instruments, real estate, etc., with massive leveraged debt used in that reflationary policy.
Look around you: There are financial actors everywhere chasing "ghosts" of expected future ROI, using cheap fiat, literally prompted by Bernanke's actions. We have completely hollow and artificially supported equity indexes, absolutely and massively manipulated treasury, corporate bond (look at the nominal amount of debt being borrowed by public corporations at low rates, much of which is being used to buy huge %'s of their own shares back) and other credit instrument yields, and even the construction of new brick and mortar (or steel and concrete) structures at a time when there's already massive overcapacity of the same, along with incredibly distorted commodity pricing.
Good luck on the unwind of this extraordinarily wide & deep bubble, created with unprecedented amounts of debt issuance, doled out to return starved "investors" (more accurately, speculators), shaped by a clinically insane manipulation (for an unprecedented period of time) of normal market functions through monetary policy.
The underlying real recovery that Bernanke may have (or not, depending on one's views) been trying to effectuate has not only not happened, but arguably (and using credible datum), has deteriorated further, with this condition only being temporarily hidden from view from the sheeple by massive debt creation (that's the main, by far, reason car and home sales have risen; a policy of creating a new era of allowing those with merely a pulse to buy, lease, rent or borrow whatever it is that they are).
Now, assuming Bernanke believes he can temper the massive bubbles he has inflated, with a massively depressed real economy underpinning the entire economic structure, without risking full on collapse, there are many people who would love to see his model(s) for doing so.
p.s. - Jeremy Stein is the quiet Federal Reserve member who is setting up the mutiny at the Fed, if one is really in the works, and he is positioning himself for a future leadership role, as many of his formal opinions and comments have been, by Federal Reserve decorum, highly critical of Bernanke-nomics.
ZH, you should hire TruthInSunshine to be a Tyler.
Isn't he old enough to remember the collapse of the USSR? Central Planning does not work.
Unless collapse is the plan.
There are those here who may think that's a ridiculous proposition. I think it is inevitable in a world where only decisions that profit your owners can be considered by those in power.
Create a huge problem then find the solution that transfers all known wealth to those who created it.
Simply brilliant!
Heck the banks are even buying resource, energy and commodity companies now. (Just as I predicted years and years ago... :)
http://www.zerohedge.com/contributed/2013-07-10/giant-banks-take-over-re...
And here I thought banks would lend reserves.
No, hyperinflation will come directly from them and their various asset purchases! The first spend of the new money is always the sweetest. There's the Schrodingers Cat problem solved.
See ya later USD world reserve currency!
His voice is cracking like Paulson's when Pauslon came before congress in the first attempt to save his own ass and steal $700B.
His voice is cracking! What are you afraid of Mr. Bernanke!
He's shaking like Katherine Hepburn on a helicopter..........
Nice try...
He's attempting to suppress laughter!
I'm listening now, and I gotta say, he doesn't sound like a South Carolina boy AT ALL. He ought to open with a big-ass "HOWDY, Y'ALL!".
Oh, and he does sound nervous. More nervous than a long-tailed cat in a room full of rocking chairs.
he knows, we know, he knows this is ALL shiite fumes
...as nervous as a white man at a Justus Department-- I mean, Black Panther Rally.
Somebody ask him how much 'stronger' he expects the economy to get, as evidenced by the bond market breakdown. Ask him if he's getting more puzzled as time goes by.
Please wanky my bernanke
ASSCAM?
He's got ANGST in his PANTS
~~~
http://www.youtube.com/watch?v=FdQ4KneskUE
Paulson's speech was pathetic. He gave a Chester the Molester speech and congress bought it.
Congress was already sold. Paulson's speech was to convince as much of the public as he could that the bailout was the right thing to do.
They've had plenty of time for their 'Grand Experiment' nonsense and it's time to admit total failure, whether markets and banks like it or not a whole lot of shit is about to get deflated.
Whats scheduled for deflation? The debt isn't going to be paid off, its going to be inflated away. Deflation is bad for those who are highly leveraged. Those in power (more specifically, their cronies) are highly leveraged. The Federal Gov't at the top of that heap.
The Jerkle from Jerkle Island, Did I do that??? http://youtu.be/ClnSMCdw6E8
Cmon Berflunkosabe:, from the FED Loan Ranger; lemme see your white face; FED Tonto, with the chicken on top, FRIED WITH THE BBQ SAUCE...
Jerkel
Wow, just look at the head shine. Man, that's some Simonize!
Damn. I can't get the webcast to work. Just a blank window.
Ah. Here we go: http://www.c-span.org/flvPop.aspx?id=10737440396
"That's no excuse, Comrade. You could have watched it at another computer. Come with us."
Very disappointing. Same old verbose bafflegab. I'm no central banker, but even I can see he hasn't learned ANYTHING.
Accountability is essential in a democracy? Will somebody please tell the PHD that the United States is a representative republic and that accountability has been thrown out the window with the bail outs? Freaking asshole.
This fucking idiot in charge of the Federal Reserve does not even know we have a Republic (because, actually we do not).
Forward, Fed!
He sounds like he's about to break down and cry!
What are you afraid of Mr. Bernanke!
Absolutely....the curtain has been lifted and all we can see at the back of the stage is Bernanke's bald head.
Just did a keyword search for "financialization" and "leverage", the two root causes of the world's current intractable economic problems and didn't find even one instance of either. Thus, Bernank's term paper is an irrelevant document.
Can that motherfucker not stand up while answering questions. Even the softball questions makes him shit his pants and I guess they would prefer we not see.
I'm waiting to hear him say, "With the recent developments in digital technology it is no longer necessary to continue the Federal Reserve. Therefore on August 4th we will begin closing our operations in anticipation of returning to hell."
Translation of answer to Q1: The bubble would have gotten fantastically bigger!
Watching Bernake speak I keep waiting for the little alien in his head to pop out like the one in Men in Black...
So the message is... QE is ending. If you're levered long... Get unlevered.
Are you watching the same q&a that I am? He clearly said that the fed will remain extremely accommodative. He even threw out the 6.5% unemployment rate again. Like I said before. He wanted to knock down some of the froth in the market which worked , but the five and ten year treasury made him shit his pants.
No tapering, no chance.
Quivering and stumbling is getting worse with every live event he does...
Bennie's theme song.
http://www.youtube.com/watch?v=Uhpu2N4rQZM
Risk on, baby. Bernanke backpedaling.
If so, do we get dollar crash and oil at $150?
I'm surprised Ben drinks Diet Coke...
I guess he hasn't been told what aspartame does to your body.
If you noticed him pouring that diet coke into his glass, it literally looked like he has the delirium tremens.
What Diet Coke does to a normal human being is on no consequence to Bernanke.
There really was no diet coke in there....instead it was some Obama's secret sauce with a side order of jizz.
MOAR, MOAR, MOAR - I think that is pretty clear. But, But, wait to add to gold holding until the fvcking bastards smash it to hell in an attempt to prove him a genius.
I'll bet, that if someone popped the clamps on Bernaks dome, there would be a hamster running on one of those little metal exercise wheels.
Quite literally the stated policy is that the beatings will continue until morale improves.
Next fed chair Janet will be Yellen for Moar. Next President Clinton will be when the real hilarity begins.
Nothing funny about that sociopath.
Uncles are so stupid.
/fucking patronizing tool . . .
Uncles are so stupid.
/fucking patronizing tool . . .
Your target is 2% and low inflation / deflation is bad because my uncle can't understand it?
Understand this: stop robbing me, deflation is the natural order of things
Go inflate yourself up the lamppost.
What the fuck is he looking at toward his left? No matter which way he looks during the question, he always turns to the left to answer! Pretty obvious the questions are planted and he has the "canned" response written on a telepromter, IMO.
Is Bob Rubin over there?
"With some luck......"
Ben is now relying on luck.
how the fuck does this douchebag fuck have the nerve to get up there and say highly accomidative policy is needed for the forseeable future?
its been 5, FIVE FUCKING YEARS SINCE THIS FUCKING SHIT POLICIES BEGAN. FIVE FUCKING YEARS LATER AND WE ARE GROWING AT 1.8 GDP.
DOES THIS ASSHOLE NOT REALIZE HE IS THE PROBLEM, NOT THE SOLUTION?
THERE IS A CRIMINAL ON LIVE TV ANSWERING QUESTIONS, WHAT SHOULD BE HAPPENING IS POLICE COMING FROM BEHIND AND HANDCUFFING THIS MAN.
INSTEAD DOW AND S&P FUTURES RISE BECAUSE OF THIS DOUCHEBAG.
They will lose control...
When the money implodes/explodes, they lose their power...
Then they are FUCKED...
Hello gold, silver and cryptocurrencies...
Goodbye fiat...
Savings glut?
WTF?
HEY BEN, I THOUGHT THE ECONOMY IS RECOVERING SO WELL?
195,000 JOBS ADDED IN UR BULLSHIT ECONOMY U CREATED, WHY NOT GET THE FUCK OUT IF EVERYTHING IS SO FUCKING GOOD YOU FUCKING PIECE OF SHIT ASSHOLE.
I just enlarged my screen to see him better - that mothefucker better go check in with his dermatologist - he has cancer on that bald fvcking head - no wonder he doens't give a shit. Cancer of the head/brain - this explains a lot.
Audible laughter as Bernanke said: "I don't think our asset purchases are having an effect on the supply and demand..."
LOL
...because we pay for the assets with bank reserves, which are an "even safer asset!"
Each month we print $85B to buy worthless mortgages from Goldman Sachs, and Goldman gets paid interest on the resulting balance in their bank account.
And that ladies and gentlemen is why my sick institution is good for humanity.
@ Tylers
breaking story:
Luxembourg premier, Jean-Claude Juncker, has proposed new elections. The move came after a seven-hour debate in parliament over his role in corruption allegations against the country's intelligence agency.
It follows claims he failed to stop illegal security agency activity such as phone-taps and corruption. . . Luxembourg's parliament had reviewed a report alleging a series of cases of misconduct by the country's SREL security agency, which the prime minister oversees. . . It included claims of illegal bugging of politicians, the purchase of cars for private use and payments in exchange for access to local officials.
WELCOME TO ZIMBABWE.
holy fucking shit. implied open right now for dow is 105 pts and s&p 12 pts, and nasdaq 37 fucking points.
i can not even imagine how high it will be when i wake up tomorrow.
arrest this man fucking now.
and I just heard him bragging that inflation had been contained.
Just speaking into the microphone, assuming this unconstitutional power like a despot, this man represents the cover up, the propaganda, and massive confiscation of wealth by the bankers (and did we mention lies?). Let history tell the sad story of America’s lost freedom to the private international banking families who own and control every single penny of her money.
Excerpt from The Sad Story Of The Privately Owned Federal Reserve Bank:
THE INVISIBLE GOVERNMENT
The day before the privately owned Federal Reserve Act passed, Congressman
Charles Lindberg Sr. said: "The money trust deliberately caused the 1907
money panic and thereby forced Congress to create a National Monetary
Commission which led to the ultimate creation of the privately owned Federal
Reserve Bank. The Federal Reserve Act establishes the most gigantic
monetary trust on earth. When the President signs the bill, the invisible
government of the Monetary Powers will be legalized. The people must make a
declaration of independence to relieve themselves from the Monetary Powers,
by taking control of Congress!... The worst legislative crime of the ages
is perpetrated by this banking bill. The caucus and the party bosses have
again operated and prevented the people from getting the benefit of their
own government!"
How did the monetary powers manipulate the passage of the
Federal Reserve Act?
Senator Nelson Aldrich was named as chairman of the Monetary Commission,
which was like naming a cat to design the canary cage. Aldrich was the
maternal grandfather of Nelson Aldrich Rockefeller of Standard Oil and Chase
Manhattan Bank, through the marriage of his daughter, Abby Greene Aldrich to
John D. Rockefeller Jr. The Rockefellers have been the largest
beneficiaries of the privately owned Federal Reserve Bank. The chief
architect of the plan was Paul Warburg, a Rothschild agent who was salaried
at $500,000.00 a year (equivalent to about 5 million dollars today).
Another member of the monetary commission was Jacob Schiff of Kuhn-Loeb and
Co., who helped finance the Bolshevik revolution in Russia with a $20 Million contribution. Schiff was born in a home shared with the Rothschild's in Frankfurt, Germany…
The timing of the vote for the Federal Reserve Act was engineered by its promoters. It was passed hastily in effort to break for Christmas on December 23, 1913, while the majority of opposing Congressmen were on Christmas vacation. Then, when elected, the banker financed
Woodrow Wilson immediately signed the Federal Reserve Act.
Within months of starting the privately owned Federal Reserve, individual Income Taxes were created to pay for this new bankers' interest expense. The taxes of American Citizens pay the interest on all new "debt certificate" currency and credit issued by the privately owned Federal
Reserve.
Where does the privately owned Federal Reserve spend the mass profits it extorts from the labor of our People?
Dr. Antony Sutton, author of "Wall Street and the Bolshevik Revolution," provides some insight. He conducted exhaustive research through American, Canadian and German government archives and discovered solid evidence, which he painstakingly documented, proving that many American Capitalists, primarily the JP Morgan (US Steel [Rothschild]) interests provided financial support for the Bolshevik Revolution in Russia. Also, William B. Thompson, Director of the US Federal Reserve Bank of New York, provided the Bolsheviks significant monetary support.
Dr. Sutton stated "If Thompson had not been in Russia in 1917, subsequent history might
have followed quite a different course. Without the financial, diplomatic and propaganda assistance given by Thompson and his associates to Trotsky and Lenin, the Bolsheviks may well have quickly withered away.
MONEY FROM NOTHING
Ask yourself this question, "If you were given a monetary printing press
and a legal contract to print and issue all the money you would ever need to
run your household at no cost to you, would you, instead, give that printing
press and contract to a banker and agree to borrow your money from him, to
be repaid in full with interest?" I don't think so.
The government has done exactly that. The most awesome power America has is the power to CREATE, using as collateral the future productivity of its Citizens, all of
the currency and credit we would ever need to run our government, prosperously! Instead, America has legislated away this priceless power of monetary and credit creation to a group of primarily foreign, self-serving bankers!
http://www.apfn.net/doc-100_bankruptcy27.htm
A mix of arrogance/reticence and not a people person. Not a smidgeon of hands-on experience. Back to your theories Ben. Back to the Ivory Tower you go. Problem is your very raison d'etre is flawed. The FED is the invention of Karl Marx, a Communist. But USSA has gone thru the change very nicely. Ultimately it's for one dictator.
He's more scared than arrogant these days...
He looks on the verge of a nervous breakdown...
You even have pangs of sympathy for him, until you think how many individuals and families his policies have killed, maimed and destroyed...
Fuck you Ben, you logical positivist keynesian arsecandle...
hopefully he gets to live out a long life with the knowledge his arrogance and folly crushed humanity back to the dark ages, unless he's full reptile that has to register somewhere in that pit of coal he calls a heart
not to say a mussolini ending wouldn't be fitting but I'd like to see him suffer along with the rest of us
He just said when everybody left the gold standard, there was a global monetary expansion, and everybody was better off.
They made more money, and everybody was better off.
Sometimes I think they actually believe their own bull shit.
Oh, yeah! The 70's decade was just one big party. A "stagflation" party.
there was nothing funnier today then this morning watching cnbc, on the right hand corner it had shanghai composite up 42 pts, or 2 percent, and what it said underneath was, '' chinese exports imports fall x amount and x amount, missing expectations.
this is the fucking world we live in today, terrible news means markets reach new highs day after day.
gold can easily be at 1300 by tomm morning.
Bad news is bad for gold now, they can move paper gold to 900 by tomorrow morning.
repeat a lie long enough, you know the rest
Bernanke almost killed me.
Fell asleep and swallowed my toothpick. aarrrrrrrrrrrgggggghhhhh
Federal Reserve takes itself too seriously. It is not controlling the stock market. Big money collusion is controlling the stock market. Up and down.
WOW! What the fuck is this guy talking about? The questions asked have no purpose and the answers are non-answers even though they are as softball and irrelevent as they can possibly be. The end must be near if this is the extent of his focus, and the reporting is directed on this horseshit.
the art of sophistry
Ahh! Thank you, good word.
sophistry n. nounPlausible but fallacious argumentation.
A plausible but misleading or fallacious argument.
Why can't Dr. Ron Paul be asking these questions?
Legacy??? You mean that this dude ruined the global economy because he, while retarded, is an idiot-savant except his skill is dribble drabble regurgitation of all the words he has learned since birth.
If you are in this high of a position, you should be proficient enough to not fucking use the word "UMMMM" Just heard it 13 times in two sentences.
you know, this guy is a catastrophe. an absolute catastrophe.
Highly accommodative policy needed.
Somebody get the straight jackets. Bernanke is on the loose and he's looking for a printer.
So basically nothing happened. Thanks Mr. B you answer all my questions by not answer anything worthwhile.
I like the part where he tries to pilot the ship through the black hole.
http://www.worldcomplex.blogspot.ca/2011/01/captain-bernanke-and-black-hole-of.html