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Ben Bernanke's Final Speech As Fed Chair - Live Feed

Tyler Durden's picture




 

In what will likely be the current Federal Reserve chairman's "exit interview", Ben Bernanke will be speaking at the Brookings Institution on "The Fed Yesterday, Today, and Tomorrow." We are sure there are plenty of messages our readers would like to leave for outgoing chair who Senator Bob Corker described as "the biggest dove since World War II," proclaiming his "degrading effects on our society." Of course, Bernanke will leave knowing he started to exit (and all is well - so what happens next is not his fault) though the following chart may be useful when he, we are sure, reminds the world of his inflation record...

 

The Bernanke Era Inflation...

 

Live Feed...

 

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Thu, 01/16/2014 - 12:05 | 4337939 hedgeless_horseman
hedgeless_horseman's picture

 

 

"I will see you in Hell," said the ChairSatan.

Thu, 01/16/2014 - 12:06 | 4337951 Hippocratic Oaf
Hippocratic Oaf's picture

Thank you for the making little old ladies bigger fans of Alpo

Thu, 01/16/2014 - 12:12 | 4337972 Popo
Popo's picture

The man who forced America into the riskiest asset class, and sold the future of her youth.

Thu, 01/16/2014 - 12:17 | 4337977 hedgeless_horseman
hedgeless_horseman's picture

 

 

The man who forced America into the riskiest asset class, and sold the future of her youth.

He had much help: the vote-buying addicts known as the United States Congress.

The third option is for the Federal Reserve to create credit to pay the bills Congress runs up. Nobody objects, and most Members hope that deficits don't really matter if the Fed accommodates Congress by creating more money. Besides, interest payments to the Fed are lower than they would be if funds were borrowed from the public, and payments can be delayed indefinitely merely by creating more credit out of thin air to buy U.S. treasuries. No need to soak the rich. A good deal, it seems, for everyone. But is it?
  

The “tax” is paid when prices rise as the result of a depreciating dollar. Savers and those living on fixed or low incomes are hardest hit as the cost of living rises. Low- and middle-incomes families suffer the most as they struggle to make ends meet while wealth is literally transferred from the middle class to the wealthy. Government officials stick to their claim that no significant inflation exists, even as certain necessary costs are skyrocketing and incomes are stagnating.
  

The transfer of wealth comes as savers and fixed-income families lose purchasing power, large banks benefit, and corporations receive plush contracts from the government — as is the case with military contractors. These companies use the newly printed money before it circulates, while the middle class is forced to accept it at face value later on. This becomes a huge hidden tax on the middle class, many of whom never object to government spending in hopes that the political promises will be fulfilled and they will receive some of the goodies. But surprise — it doesn't happen. The result instead is higher prices for prescription drugs, energy, and other necessities. The freebies never come.
  

The moral of the story is that spending is always a tax. The inflation tax, though hidden, only makes things worse. Taxing, borrowing, and inflating to satisfy wealth transfers from the middle class to the rich in an effort to pay for profligate government spending, can never make a nation wealthier. But it certainly can make it poorer.
  
 
http://archive.lewrockwell.com/paul/paul334.html

Thu, 01/16/2014 - 12:18 | 4337986 nope-1004
nope-1004's picture

If Bernocchio was so successful, and is so righteous, why is he so nervous?

 

 

Oh,  and F U Ben, you liar.

 

Thu, 01/16/2014 - 12:29 | 4338024 TeMpTeK
TeMpTeK's picture

Cuz he knows he punted the Greatest Depression and will prolly be alive to see it..

Thu, 01/16/2014 - 12:54 | 4338097 pods
pods's picture

Heckuva job Brownie!

Thu, 01/16/2014 - 13:35 | 4338244 TruthInSunshine
TruthInSunshine's picture

A farewell dedication for Ben Shalom Bernanke on the historic day of his final speech as the Banksters uber-Puppet (aka Bag Boy Cornholio): Morrissey - There is a Place in Hell for Me and My Friends

Morrissey - There is a Place in Hell for Me
Thu, 01/16/2014 - 12:55 | 4338100 DaveyJones
DaveyJones's picture

"I want to thank the Academy..oh and my agent. Mr. Blankfein, I love you. Oh God, now my makeup's gonna run

Thu, 01/16/2014 - 13:07 | 4338151 Pairadimes
Pairadimes's picture

Shorter Bernanke: "So long, suckers, and thanks for all the fish. Time for me to get back to the boys in Thailand."

Thu, 01/16/2014 - 12:18 | 4337989 Popo
Popo's picture

It's just unbelievable watching this circus.  All these people pretending that what he did was somehow brilliant. 

As if the crisis is even over.   Bernanke's entire term can be summed up with "There.  I fixed it."

Thu, 01/16/2014 - 12:38 | 4338045 Popo
Popo's picture

"We did the right thing I hope..."

...And then I lost my video connection,

Did someone kill the feed when Bernanke suddenly sounded like he had no idea what the fuck he was doing?

Maybe it's just my connection. But that seemed mighty coincidental.

Thu, 01/16/2014 - 12:40 | 4338054 Lynx Dogood
Lynx Dogood's picture

" All these people pretending that what he did was somehow brilliant. "

 

Sadly I'm not sure that those people are pretending. I think they really believe it!

Thu, 01/16/2014 - 13:00 | 4338113 max2205
max2205's picture

I wish nothing but the absolute worse for him now and through eternity....sugar coating a little

Thu, 01/16/2014 - 12:27 | 4338006 Boris Alatovkrap
Boris Alatovkrap's picture

Mr. Horseman without Shrub, thank you for post document.

Whenever Boris is read operational mechanic of Federal Reserve System (or any Central Bankster Cabal), Boris is wake to reality of what is money and corruption, and is remind whole thing of ponzi-like scheme, and is must conclude no accounting is legitimate if base system is fraud. What is dollar, what is ruble, what is yen, what is yuan,... and yes, what is Bit Coin. System is only work if steward and citizen is honest and trustworthy and is respect of law.

But this is not case. Amen to us all.

Thu, 01/16/2014 - 12:39 | 4338047 hedgeless_horseman
hedgeless_horseman's picture

 

 

Whenever Boris is read operational mechanic of Federal Reserve System (or any Central Bankster Cabal)...

Knock yourself out, comrade.

http://www.ijcb.org/

Thu, 01/16/2014 - 13:18 | 4338198 Boris Alatovkrap
Boris Alatovkrap's picture

Thank you so very for reference material, but Boris is cannot read Jewish.

Thu, 01/16/2014 - 13:30 | 4338228 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is apologize in profuse for what is seem anti-semantic statement, but Boris is tire of defend of Jew when every time Bankster name is list, is Jewish surname in abundance. Of course, all Jew is not bad (all Orthodox church is not good), but why is so many of name in Banksterdom is Jewish...?

Rothschild

Loeb

Kunn

Oppenheimer

Schiff

Rosen

Rosen Rosen

Thu, 01/16/2014 - 12:16 | 4337974 Boris Alatovkrap
Boris Alatovkrap's picture

Lady and gentleman of Federal Reserve and Member Bank,

Blah blah blah citizenry blah blah blah is blah blah blah stupid blah blah blah rob blah blah blah citizenry blah blah blah by blah blah blah inflation blah blah blah and blah blah blah negate blah blah blah debt blah blah blah by blah blah blah monetize blah blah blah and blah blah blah enrich blah blah blah bankster blah blah blah class blah blah blah.

Thank You and Greed Bless!

(subliminal translation by Boris)

Thu, 01/16/2014 - 13:15 | 4338171 hedgeless_horseman
hedgeless_horseman's picture

 

 

The People's Exhibits One and Two at a trial that will never happen, because this isn't important, unlike steroids in baseball.

Thu, 01/16/2014 - 15:53 | 4338672 Boris Alatovkrap
Boris Alatovkrap's picture

Bernanke is not lie! Bernanke is only tell less truthful statement. "Central Bank will not monetize debt, but will reduce debt by quantitatively ease new money from colonic orifice*."

* Petro Dollar is now replace by Petroleum Jelly Dollar.

Thu, 01/16/2014 - 14:55 | 4338487 overmedicatedun...
overmedicatedundersexed's picture

If ZH had a" Dead Pool"..moshe BEN would be close to the top of the list, but by now it's a long list but still less than .01% of USA population, however one ethnic group is over represented, you can guess which one..

Thu, 01/16/2014 - 12:35 | 4338038 AreaMan
AreaMan's picture

Youll see him on the back of every future OWC quarter or trillion dollar coin. Whichever is needed at the time. There will be a digital panel on the front where the zeros change daily.

Thu, 01/16/2014 - 12:50 | 4338083 Meat Hammer
Meat Hammer's picture

In other news....my hometown NBA team now takes Bitcoin.  I had no idea the Sacramento Kings were run by money launderers and drug dealers.  Gasp!

http://finance.yahoo.com/blogs/the-exchange/sacramento-kings-will-accept...

Thu, 01/16/2014 - 16:52 | 4338859 Nothing but the...
Nothing but the truth.'s picture

Youv'e said  and caused enough shit to last many a lifetime Bernanke. So if your'e done now, please fuck off and never come back.

Thu, 01/16/2014 - 12:07 | 4337953 Dr. Engali
Dr. Engali's picture

Allow me to be the first to say..

 

Fuck you Bernank!

Thu, 01/16/2014 - 12:15 | 4337978 Popo
Popo's picture

The MC started out by saying:  "Ben Bernanke once said he didn't want his Wikipedia page to read: 'He studied the Great Depression, and caused the next one'".  The MC then chuckles, "...aand we all know he didn't"

We do?  I don't think we know that at all, and I don't think a single person on Wall Street would take that bet.

Thu, 01/16/2014 - 12:25 | 4338015 Boris Alatovkrap
Boris Alatovkrap's picture

Real wikipedia page is read, "Bernanchio is putrid twerp who is do bidding of bankster class and is destroy economy of USSA with collusion of AmeriKa political class, more prominently socialist-in-chief, Barry Soetoro. Repercussion extend globally as other Central Bankster is follow in suit. World War III is result."

Thu, 01/16/2014 - 15:31 | 4338589 q99x2
q99x2's picture

Fuck You Bernanke. When your New World Order collapse you won't be able to crawl into a bunker deep enough. They'll be coming for you and the rest of the Federal Reserve criminals. May you rot in hell after you die. die die die mother fucker ChairSatan son of a bitch..

Thu, 01/16/2014 - 12:08 | 4337954 Schmuck Raker
Schmuck Raker's picture

What, no carrier deck? No "Mission Accomplished" banner?

Cutbacks, I guess.

Thu, 01/16/2014 - 12:08 | 4337955 Racer
Racer's picture

Shame he hasn't botoxed his mouth and brain as well

Thu, 01/16/2014 - 12:08 | 4337958 pods
pods's picture

Hey God, yeah, it's me.  If you could deliver one well placed aneurysm that would be lovely.

Thanks,

Everyone

Thu, 01/16/2014 - 12:09 | 4337959 Dr_D
Dr_D's picture

Definitely no inflation to be seen here!

Or as the Japanese would say: please dont be alarmed!

Thu, 01/16/2014 - 12:19 | 4337960 Kaiser Sousa
Kaiser Sousa's picture

"The Sacramento Kings basketball team will become the first major professional sports franchise to accept bitcoin in return for its products, marking a symbolically important step in the virtual currency’s bid to achieve mainstream acceptance."

http://www.marketwatch.com/story/sacramento-nba-team-to-accept-bitcoin-2...

the world has lost its fucking mind....

Thu, 01/16/2014 - 12:57 | 4338108 Meat Hammer
Meat Hammer's picture

The world lost its mind a long time ago.  Maybe they're finally getting it back.

Thu, 01/16/2014 - 12:10 | 4337963 Haus-Targaryen
Haus-Targaryen's picture

FUCK YOU BEN BERNANKE! 

Thu, 01/16/2014 - 12:11 | 4337965 Everybodys All ...
Everybodys All American's picture

Judging him on the labor participation rate (unemployment is part of their supposed mandates) I see this man as the very worst Fed leader by a large margin of all time.

Thu, 01/16/2014 - 12:11 | 4337969 lemarche
lemarche's picture

BERNANKE : YOU RE SO "HAS BEEN" !!!

Thu, 01/16/2014 - 12:15 | 4337979 Kaiser Sousa
Kaiser Sousa's picture

"NO, I EXPECT YOU TO DIE MR. BERNANKE...."

FUCK YOU BERNANKE YOU MOTHERFUCKING COCKSUCKER MONEYCHANGER BITCH.........

Thu, 01/16/2014 - 12:25 | 4338014 Kaiser Sousa
Kaiser Sousa's picture

London: Britain has told its European Union partners the EU's treaties were "not fit for purpose" and there must be reform or it would quit the bloc.

In the latest blast of euroscepticism from Conservatives in Britain's coalition government, finance minister George Osborne said EU treaties had to be changed to protect member states like his own that don't use the euro.

The comments, made at a conference in London on reform of the 28-nation EU, are unlikely to be embraced by integrationists in Brussels, who want Britain to remain in the bloc but have become irritated by its demands for change.

Jose Manuel Barroso, the president of the European Commission, accused countries such as Britain that have questioned the bloc's freedom of movement rules of having a "narrow, chauvinistic idea of the protection" of their interests - an indication of how tough London may find it to win allies.

Read more: http://www.smh.com.au/world/britain-threatens-to-leave-eu-20140116-hv8ob.html#ixzz2qZylpjAp
Thu, 01/16/2014 - 12:16 | 4337982 Dr. Engali
Dr. Engali's picture

The thing that pisses me off is that thanks to artificially rising "asset" prices he will be heralded as "the man who saved the system". The part about him not recognizing the collapse will be conveniently forgotten.

Thu, 01/16/2014 - 12:17 | 4337987 Spungo
Spungo's picture

Many of you ask how nobody has successfully managed to kill me. The answer is fox magic.

Thu, 01/16/2014 - 12:18 | 4337990 pragmatic hobo
pragmatic hobo's picture

so he can fuck up a country and get to give a going-away speech? what a fucked up country this has become.

Thu, 01/16/2014 - 12:20 | 4337994 Spungo
Spungo's picture

Abraham Lincoln - shot because he freed slaves
Ben Bernanke - not shot because he created millions of debt slaves 

Thu, 01/16/2014 - 12:19 | 4337995 SDRII
SDRII's picture

Demolition Bonds Spell End for Japan’s Ghost Buildings - The government plans to submit a bill in the parliament session starting this month to revise the current law so that regional government bonds can fund the demolition of surplus and unsightly structures.

 

epitaph of a nation and monetary system

Thu, 01/16/2014 - 12:21 | 4337997 LoneStarHog
LoneStarHog's picture
"Ben Bernanke's Final Speech As Fed Comode..."

There!  I fixed it for you.

Thu, 01/16/2014 - 12:29 | 4338025 bearish1
bearish1's picture

Barf bags!!! Get your barf bags here!!

 

Thu, 01/16/2014 - 12:30 | 4338027 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

Despite him feigning outrage, it would seem that Senator Corker (net worth of almost $50 million) has been a huge beneficiary of Bernanke's dovish polices and its degrading effects.

Thu, 01/16/2014 - 12:33 | 4338034 quasimodo
quasimodo's picture

ASSHOLE

 

Thu, 01/16/2014 - 12:36 | 4338040 Yen Cross
Yen Cross's picture

  Chairsatan I hope you go on vacation to some tropical locale and are promptly consumed by 'Jungle Rot'.

Thu, 01/16/2014 - 12:36 | 4338042 Duc888
Duc888's picture

 

 

 

He did exactly what he was hired by the banks to do.  Protect the banks and their cronies and kick the can a bit further.

 

Grade A+

Thu, 01/16/2014 - 13:02 | 4338128 slightlyskeptical
slightlyskeptical's picture

Exactly. Anyone who thinks he was trying to help the average guy is more dillusional than...well just pick anyone on that stage.

Thu, 01/16/2014 - 12:39 | 4338048 ...out of space
...out of space's picture

haha QE work in practice not in theory

Thu, 01/16/2014 - 12:44 | 4338051 AreaMan
AreaMan's picture

Q: "Ben what are the costs of this program long term"

 

A: "None, and anyone who thinks there are any is an idiot."

Thu, 01/16/2014 - 12:42 | 4338061 toady
toady's picture

I thought that motherfucker was already gone!

One more ten course meal and box of Cubans on the taxpayer before heading to the private island with the private army?

Better get there quick so he can be 'in hiding' when TSHTF.

Thu, 01/16/2014 - 12:50 | 4338070 Colonel Klink
Colonel Klink's picture

^^^YES to all of the above comments!

EDIT:  With the exception of Areaman

Thu, 01/16/2014 - 12:49 | 4338082 fuu
fuu's picture

For the last time, Fuck you Bernanke!

Thu, 01/16/2014 - 12:54 | 4338096 QQQBall
QQQBall's picture

One thing he learned from Grease-pan - get out while the getting is good and try to rewrite your legacy. 

Thu, 01/16/2014 - 12:57 | 4338110 yogibear
yogibear's picture

Exiting before the SHTF.

Thu, 01/16/2014 - 13:01 | 4338120 GrinandBearit
GrinandBearit's picture

MSM asks totally ridiculous softball questions.

Everything that comes out of Ben's piehole are lies, spinning, lies, spinning, lies, etc...

So useless.

This fuck-face should be executed for what he has done.

Thu, 01/16/2014 - 13:05 | 4338137 slightlyskeptical
slightlyskeptical's picture

At least he has failed on the inflation mandate...though we all know better....I hate to see what prices would be if we had 3-4% "offcial" inflation.

Thu, 01/16/2014 - 13:06 | 4338144 El Hosel
El Hosel's picture

Nothing like little Q&A with the Grand Poobah to help ease "the Markets" as they correct off another ATH ... Declare Victory in the face of the next collapse, Hurry Hurry.

Thu, 01/16/2014 - 13:03 | 4338130 Madcow
Madcow's picture

Good to know that the financial crisis is in the past and that everything is fixed now.

 

Thu, 01/16/2014 - 13:04 | 4338134 Madcow
Madcow's picture

If the "global savings glut" was the problem - then why not just outlaw savings ?

 

Thu, 01/16/2014 - 13:08 | 4338154 El Hosel
El Hosel's picture

They already have, basically.

Thu, 01/16/2014 - 13:10 | 4338160 22winmag
22winmag's picture

This makes O'bombers interviews sound genuine and deep.

Thu, 01/16/2014 - 13:56 | 4338188 Pumpkin
Pumpkin's picture

I missed it, but I assume it was just one long, drawn out, evil laugh.

Thu, 01/16/2014 - 13:27 | 4338216 buzzsaw99
buzzsaw99's picture

the man who permanently fucked three generations at the same time for the sake of the status quo.

Thu, 01/16/2014 - 14:00 | 4338341 Papasmurf
Papasmurf's picture

There is no inflation, just a price increase in things people need.

Thu, 01/16/2014 - 14:16 | 4338381 Frank N. Beans
Frank N. Beans's picture

maybe, just maybe, these price increases are transitory

 

Thu, 01/16/2014 - 14:19 | 4338390 Lynn Trainor
Lynn Trainor's picture

With all due respect, Ben Bernanke, all you did was pile trillions of new debt on our backs, make the dollars in our pockets worth less and squander any happy, properous future our children and grandchildren would have had.

Thu, 01/16/2014 - 15:34 | 4338598 q99x2
q99x2's picture

Don't let him get away. Arrest Him.

Thu, 01/16/2014 - 17:23 | 4338944 RealityCheque
RealityCheque's picture

Fuck you Benny.

Hope you get dick cancer, soon.

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