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WSJ Slams Bernanke's Blog Post: "Stop Blaming Everyone" For Your Mistakes

Tyler Durden's picture




 

The mainstream is beginning to sound a lot like some fringe blog... A week after the world's largest sovereign wealth fund unleashed a tirade against high-frequency trading and monetary policy distortions, The Wall Street Journal has penned an Op-Ed ramping up its war against Bernanke (and The Fed). What next? Cats living with dogs, mass hysteria, the dead rising from the grave?

Bernanke threw the first punch... and it landed. Now The Wall Street Journal counters with a colossal combination...

It’s nice to know we’re being read, and Thursday’s editorial on “The Slow-Growth Fed” sure got a rise out of Ben Bernanke. The former Federal Reserve Chairman turned blogger turned Pimco adviser wrote to defend the central bank and by implication his policies as innocent of responsibility for subpar economic growth.

 

This is fun, so let’s parse the Revered One’s arguments. First, Mr. Bernanke accuses us of “forecasting a breakout in inflation” at least since 2006. The central banker is getting into the polemical swing, but he’s wild with that one. We’re not always right. But we’ve been careful not to join some of our friends in predicting inflation from the Fed’s post-crisis policies. We’ve written that we are in uncharted monetary territory with risks and outcomes we lack the foresight to predict.

 

Our view has been that the Fed’s first round of quantitative easing was necessary to stem the financial panic—and that it worked. We were skeptical of the later bouts of QE, and in our view these have been notably less successful in helping the economy return to robust health. Asset prices are up and the wealthy are better off, but the working stiff is still waiting for the economic payoff.

 

Mr. Bernanke defends the Fed’s over-optimistic economic growth forecasts by saying the central bank has been overly pessimistic about unemployment. “The relatively rapid decline in unemployment in recent years shows that the critical objective of putting people back to work is being met,” Mr. Bernanke writes.

 

Now, that’s over-optimism. One reason the jobless rate has fallen to 5.5% is because so many people have left the workforce. The labor participation rate has plunged to 1978 levels during this supposedly splendid expansion. Most economists acknowledge that if the participation rate had stayed constant, the jobless rate would still be close to 8%. The failure to attract the long-term unemployed into the job market is one reason the Fed continues to hold interest rates so low.

 

Mr. Bernanke’s other defense is the counterfactual that it could have been worse: “It seems clear that the Fed’s aggressive actions are an important reason that job creation in the United States has outstripped that of other industrial countries by a wide margin.”

 

That’s conveniently unprovable, not least because it doesn’t correct for non-monetary variables. The structural policy impediments to growth in Europe and Japan are far worse than in the U.S., yet Mr. Bernanke implies that the main policy difference is that they waited too long to try QE.

 

We learned in school that something isn’t a theory if it can’t be tested. Mr. Bernanke’s theory of post-crisis monetary policy is that if it’s working, then do more of it. And if it’s not working, then do more of it too. This isn’t data-driven monetary policy.

 

Mr. Bernanke also says that we “argue (again) for tighter monetary policy.” If lifting the fed-funds rate to 50 or 100 basis points after six years of near-zero policy is tighter money, then we plead guilty.

 

But perhaps Ben should consult Stanley Fischer, the Fed’s current vice chairman, who recently said on CNBC that “we are going to be changing monetary policy from the most extremely expansionary we’ve been able to do in all of history to an extremely expansionary monetary policy.” That doesn’t sound like a return to tight money. Lifting rates off zero means beginning an inevitable return to monetary normalcy that lets markets set rates and allocate capital.

 

We can understand that Mr. Bernanke doesn’t like being tagged with any responsibility for poor economic results. He absolved himself for any mistakes before the financial crisis too. But sooner or later he and the Fed have to stop using the financial crisis as the all-purpose excuse for slow growth. Even President Obama has stopped blaming George W. Bush for everything. Maybe Mr. Bernanke should stop blaming everyone else too.

*  *  *

Ouch!

 

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Sun, 05/03/2015 - 19:12 | 6057083 Arnold
Arnold's picture

A perfect Community Organizer.

 

A very strong 'Anti' following.

Projecting strong Language and Ideas upon which we can all agree.

Sun, 05/03/2015 - 19:13 | 6057087 Richard Chesler
Richard Chesler's picture

Fuck you Bernanke!

 

Sun, 05/03/2015 - 19:14 | 6057088 kaiserhoff
kaiserhoff's picture

Run Ben, Run.

Beg, Timmy, Beg.

Sun, 05/03/2015 - 19:20 | 6057096 remain calm
remain calm's picture

I won't feel sorry for these people when they get shot. It will be the start of the new beginning.

Sun, 05/03/2015 - 19:27 | 6057106 espirit
espirit's picture

Skanky is skanky.

Hopefully, no country will accept these perverts.

Sun, 05/03/2015 - 19:32 | 6057112 SofaPapa
SofaPapa's picture

Kabuki

Sun, 05/03/2015 - 19:38 | 6057117 ZerOhead
ZerOhead's picture

Totally planned demolition job to bring about the NWO.

Wait till you get a load of Act II...

Sun, 05/03/2015 - 20:41 | 6057235 BoredRoom
BoredRoom's picture

Ridiculous!

 

Bernanke followed Chosenite Production's script to a tee, he made no mistakes.

Sun, 05/03/2015 - 21:01 | 6057274 weburke
weburke's picture

wow, this...........Stanley Fischer, the Fed’s current vice chairman, who recently said on CNBC that “we are going to be changing monetary policy from the most extremely expansionary we’ve been able to do in all of history to an extremely expansionary monetary policy.” 


Sun, 05/03/2015 - 21:06 | 6057286 MonetaryApostate
MonetaryApostate's picture

I guarantee you the elite are all sitting around a table drinking wine and laughing their asses off...

Despite your rage, they will not stop..

Sun, 05/03/2015 - 21:12 | 6057297 philipat
philipat's picture

Next:Krugman NYT OpEd defending Bernanke?

Sun, 05/03/2015 - 21:54 | 6057383 knukles
knukles's picture

It's Bush's fault.  There, I said it, since Obie stopped.

Sun, 05/03/2015 - 22:05 | 6057400 NidStyles
NidStyles's picture

They were not mistakes.

Sun, 05/03/2015 - 22:08 | 6057406 nmewn
nmewn's picture

Unpossible, these are highly educated idiots we're talking about!

Sun, 05/03/2015 - 22:09 | 6057408 knukles
knukles's picture

How many is a brazillion?

Sun, 05/03/2015 - 22:40 | 6057482 BaBaBouy
BaBaBouy's picture

BroomHilda Is Doing A Much Better Job Now.....?

Mon, 05/04/2015 - 00:45 | 6057641 Oh regional Indian
Oh regional Indian's picture

Every FED chair has left his succesor an increasingly difficult set of actions to justify as the Fed plan unfolded.

While the superb writing int eh WSJ piece is a nice read (very dry pointy jabs at the Banke), it's such total hogwash.

They thought the first QE was good and needed. WHAT?

I mean, why read beyond that. 

Greenspan, Bennanke, Yellen....

Good grief....

Do give this a listen if language interests you, might blow your mind...

https://www.youtube.com/watch?v=gTot6Wcz3-g

Mon, 05/04/2015 - 08:06 | 6057908 VinceFostersGhost
VinceFostersGhost's picture

 

 

We were warned in 1967, but no one listened.

https://www.youtube.com/watch?v=ForvEyNABs8

 

Mon, 05/04/2015 - 08:27 | 6057964 Oh regional Indian
Oh regional Indian's picture

Wow....in 1967 at that, thanks for that link.

I'd never even heard of Myron Fagan...

One World Govt. in 1967....Wow...

Everybody should listen or save for a later listen...

Listen to his exposition of the word "Liberal"...

Mon, 05/04/2015 - 00:30 | 6057626 pgroup
pgroup's picture

It's at least 36(C) to the umpteenth power.

Sun, 05/03/2015 - 23:02 | 6057519 JessieSharpton
JessieSharpton's picture

"Bernanke then served as chairman of President George W. Bush's Council of Economic Advisers before President Bush nominated him to succeed Alan Greenspan as chairman of the United States Federal Reserve. His first term began February 1, 2006"

It IS shrubs fault, putz.

Sun, 05/03/2015 - 22:11 | 6057414 Dazman
Dazman's picture

Krugman will be offering to suck Bernanke's schlong to quell the pain of his bruised ego.

Mon, 05/04/2015 - 01:04 | 6057652 RaceToTheBottom
RaceToTheBottom's picture

Green sprouts

Mon, 05/04/2015 - 11:59 | 6058652 eclectic syncretist
eclectic syncretist's picture

Listen up Bernanke, you raisen testicled butt bongo whore....

https://www.youtube.com/watch?v=ja0QaqUdn2c

Mon, 05/04/2015 - 03:08 | 6057698 cocky roach
cocky roach's picture

The anglo-american elite may be enjoying a good wine, but I don't think they're laughing. They're losing on all fronts.

Mon, 05/04/2015 - 14:01 | 6059095 HardAssets
HardAssets's picture

" Despite your rage, they will not stop "

Psychopath/sociopaths have no self control. They destroy themselves & those who they impact - - and have absolutely No conscious.

Mon, 05/04/2015 - 11:30 | 6058542 Kirk2NCC1701
Kirk2NCC1701's picture

"I know you lie, your lips are moving..."

Sun, 05/03/2015 - 20:55 | 6057266 Remington IV
Remington IV's picture

Meanwhile , WSJ has been wrong on almost everything for 50 years 

Their Op-Ed page is a JOKE

Sun, 05/03/2015 - 22:57 | 6057512 disabledvet
disabledvet's picture

Pretty much how I see it.

Who reads newspapers anymore?

Odd they're slamming Bernanke since he gave them all the free money in the first place.

Definitely a millionaires paradise only where I live now. Only the politicians are circle jerking with these clowns.

If I drive 40 miles and go to the same store prices are thirty percent less.

Really quite amazing when you think about it.

Same State ...same tax regime. Hell I get better beer cheaper from Pennsylvania now too.

Interest rates still at .25% for savers? Good luck with that plan.

Sun, 05/03/2015 - 23:22 | 6057546 BoPeople
BoPeople's picture

At the beginning of the year all of a sudden I started receiving the WS Urinal on my driveway. Then they sent a card saying that it was a free 6 week trial. I think I opened the bag twice and my wife did it once ... flipping through it and scanning the articles. It was massively disappointing.

The Uninal could be doing something to help clean up Wall Street and put criminals, such as Corzine in jail. But no, they think that the 13 bankers who read their rag and give it advertising dollars will keep it afloat. I am thinking not.

Mon, 05/04/2015 - 11:08 | 6058472 NoDebt
NoDebt's picture

It's handy to keep around in case you need to spray paint or varnish something.  You lay it down on the ground to catch the drips/overspray.  Also good for lining the bottom of a bird cage if you own a bird.

Mon, 05/04/2015 - 10:58 | 6058443 JRobby
JRobby's picture

Wrong for 50 years

Purchased by Murdoch's News Corp in 2007

Why would anyone read this shit rag?

Mon, 05/04/2015 - 06:54 | 6057795 overmedicatedun...
overmedicatedundersexed's picture

1. "NO controlling Legal authority"

congress - did a pass & passed the extortion payoff

SEC- did a pass

DOJ- did a pass

Whitehouse- co conspiritor so of course did a pass

Fed- the tool for infinite money expansion - co conspiritor and best example of #1.

SCOTUS - blind to above and paid to remain blind.

Legal system and it's schools: blind, and paid well to remain blind.

In the end all of our problems come down to #1.

Sun, 05/03/2015 - 19:29 | 6057108 ZH Snob
ZH Snob's picture

sackcloth and ash might be a better strategy, Ben.

Sun, 05/03/2015 - 20:12 | 6057166 williambanzai7
williambanzai7's picture

Sun, 05/03/2015 - 20:51 | 6057260 Son of Loki
Son of Loki's picture

Don't forget Greenspan; he's a collaborator and a co-conspirator in this mess. But the main blame has to fall on political shoulders who allowed this to go on without stepping in to prevent rape of " the working stiffs "

Sun, 05/03/2015 - 21:12 | 6057278 crazytechnician
crazytechnician's picture

10 out of 10 for observation. Shame you did not enlighten the masses a few years ago with your amazing insights and foresight ?

Fuck , why ddn't you just get a serious job in politics and sort this shit show out years ago Einstein ?

Mon, 05/04/2015 - 00:37 | 6057632 pgroup
pgroup's picture

Not insights and foresight. Try incest and foreskin.

Sun, 05/03/2015 - 20:45 | 6057246 j reuter
j reuter's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.jobs-review.com

Mon, 05/04/2015 - 00:03 | 6057599 tarabel
tarabel's picture

 

 

I had no idea that the Federal Reserve had gone to 29.5.

Sun, 05/03/2015 - 20:59 | 6057271 crazytechnician
crazytechnician's picture

Yeah , it;s really that simple , let's just blame the entire world's problems on the Fed, Bernanke ,

And never , ever , look in the mirror at ourself ....

Sun, 05/03/2015 - 23:27 | 6057559 Balanced Integer
Balanced Integer's picture

I don't know why all the junks, dude. If people really wanted this shit to stop, we'd be in insurrection mode by now. As it is, it is easier to sit in front of a keyboard bitching and moaning, waiting for someone else to make the first move.

Sure, it's bound to happen one day. But by then...will it be too late? All the bankers and politicians we'd like to see swinging from lamposts will have absconded to their respective fortified bunkers, while their militarized henchmen in the Alphabet Soup Agency are out scouring the cities and countryside of rioters and troublemakers.

Mon, 05/04/2015 - 08:09 | 6057916 VinceFostersGhost
VinceFostersGhost's picture

 

 

And never , ever , look in the mirror

 

Which is why you'll never find a mirror in the Kardashian household.

Mon, 05/04/2015 - 11:30 | 6058543 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

Do they make mirrors that wide?

Mon, 05/04/2015 - 00:02 | 6057598 tarabel
tarabel's picture

 

 

Hey, they're all victims. Every one of them. What was the first thought that popped into their heads?

Who can we sue?

Has to be somebody with a lot of money.

Sun, 05/03/2015 - 23:22 | 6057550 Angusdude
Angusdude's picture

BANKSTER!! EXTREME

Think of the gene pool and the occupied shallow end holding the bankers, then think of the gene pool emptied and dry and you can see a small smudge on the pool bottom - Bernanke.

Mon, 05/04/2015 - 08:42 | 6058004 drendebe10
drendebe10's picture

The concept of personal responsibility for one's actions is both foreign & abhorrent to progressive liberal democraps. Fukem all.

Mon, 05/04/2015 - 08:42 | 6058005 drendebe10
drendebe10's picture

The concept of personal responsibility for one's actions is both foreign & abhorrent to progressive liberal democraps. Fukem all.

Sun, 05/03/2015 - 19:11 | 6057085 ZippyBananaPants
ZippyBananaPants's picture

He probably blames the guy next to him when he farts too!!

Sun, 05/03/2015 - 23:16 | 6057540 OldPhart
OldPhart's picture

I just blame the wife.

Mon, 05/04/2015 - 05:41 | 6057734 Main_Sequence
Main_Sequence's picture

...or the dog.

Mon, 05/04/2015 - 11:39 | 6058579 cosmictrainwreck
cosmictrainwreck's picture

Not far off the mark....you know damn good and well the puppet-masters made it clear to Ben they'd have no qualms snatching wife, kids, dog, etc if he balked at anything...recall the lip-quivering on 60 Min? The man knew he was fucked & had no choice, while what vestiges of a conscience he had left was still battling to speak, I wouldn't want the fucking job....would you?

Mon, 05/04/2015 - 00:38 | 6057633 post turtle saver
post turtle saver's picture

well Ben, when it comes to bad economic results, "he who smelled it, dealt it"

Sun, 05/03/2015 - 19:15 | 6057090 Bighorn_100b
Bighorn_100b's picture

Keep eating your oatmeal and Pepto-Bismol for breakfast Ben.

Sun, 05/03/2015 - 19:23 | 6057101 Usurious
Usurious's picture

 

 

da jews are always the victims.........ALWAYS..........dont cha know...we were taught that in High School

Sun, 05/03/2015 - 19:46 | 6057124 daveO
daveO's picture

I remember when the propaganda outlet 60 minutes made him look like a small town boy who 'done good'. From Wiki;

The Bernankes were one of the few Jewish families in Dillon and attended Ohav Shalom, a local synagogue;[6] Bernanke learned Hebrew as a child from his maternal grandfather Harold Friedman, a professional hazzan (service leader),shochet, and Hebrew teacher.[7][8] Bernanke's father and uncle owned and managed a drugstore they purchased from Bernanke's paternal grandfather, Jonas Bernanke.[4]

The interesting thing is that, as the FED-backed corporations devour their competition(think Walgreens and CVS), even Ben's family won't be able to find work outside of government.
Sun, 05/03/2015 - 20:52 | 6057262 earnyermoney
earnyermoney's picture

Dillon, SC

Home of Pedro and South of the Border. Only damn thing Bernanke is qualified to do is where a Chinese sombrero as he pumps gas at South of the Border. On second thought, he's only qualified to where the Chinese sombrero.

There's a special place in hell for this sociopath.

Sun, 05/03/2015 - 21:41 | 6057352 Niall Of The Ni...
Niall Of The Nine Hostages's picture

Actually, the family business appears to still exist. These days it focuses on medical equipment (oxygen tanks, etc.). Medicaid accepted, by necessity in a majority black town.

https://nppes.cms.hhs.gov/NPPESRegistry/DisplayProviderDetails.do?search...

 

Sun, 05/03/2015 - 22:17 | 6057428 NotApplicable
NotApplicable's picture

As weak as he always appeared (Mr. Lip Quiver), I figured they'd toss him under the bus eventually, as he certainly is no "Maestro."

This is a little sooner than expected. So... who started this fight, exactly?

Sun, 05/03/2015 - 20:39 | 6057230 liverdiefree
liverdiefree's picture

Not really. It's just that we're so much smarter than people such as yourself that it seems that way. It's not your fault you were born dumb. There, feel better now?

Sun, 05/03/2015 - 21:00 | 6057272 Usurious
Usurious's picture

I got Billy on my side bitch.......

 

Rev. Billy Graham openly voiced a belief that Jews control the American media, calling it a "stranglehold" during a 1972 conversation with President Richard Nixon, according to a tape of the Oval Office meeting released Thursday by the National Archives.

"This stranglehold has got to be broken or the country's going down the drain," the nation's best-known preacher declared as he agreed with a stream of bigoted Nixon comments about Jews and their perceived influence in American life.

"You believe that?" Nixon says after the "stranglehold" comment.

"Yes, sir," Graham says.

"Oh, boy," replies Nixon. "So do I. I can't ever say that but I believe it."

http://www.jewishmag.com/167mag/kissinger-nixon-war-watergate/kissinger-...

Sun, 05/03/2015 - 21:06 | 6057284 weburke
weburke's picture

oh come on, they are tools. why did sharon get cabbage brained? and who did it, ect.

Sun, 05/03/2015 - 23:57 | 6057588 tarabel
tarabel's picture

 

 

Personally, I never spent much time in school learning about the Jews being victims. We did study a lot about the brave deeds of our fathers in snuffing out the candles of totalitarianism.

Of course every generation has its own battles to fight and ours is rapidly approaching. I wish you would be there to help us but you've already been subverted into the same mirror image of racist hatred that you claim is practiced against you. Best you stay on the side of the Deceiver that you've chosen.

 

Mon, 05/04/2015 - 11:34 | 6058558 TheFourthStoog-ing
TheFourthStoog-ing's picture

It's easier to blame the Jews than it is to take responsibility for your own wretched state of existence, isn't it?

Sun, 05/03/2015 - 19:24 | 6057103 Seize Mars
Seize Mars's picture

Uh, "Blaming," for his "mistakes?" Bullshit. Bernanke did exactly as he was told, all day, every day. The idea that his actions are "controversial" is smoke and mirrors, the classic false dichotomy. "Oh, yes, if only centrally planned policy would have been different..."

This is why occult imagery has so much black & white checkers in it. They're masters of the false dichotomy.

 

Sun, 05/03/2015 - 19:29 | 6057107 Irving Phelps
Irving Phelps's picture

Another one of the NWO. He'll get is due justice some day but, in the meantime, he's just another fucking untouchable. Put him in a police uniform and send him to Baltimore. He's not worth the cost of one round of ammo.

Sun, 05/03/2015 - 20:23 | 6057191 WillyGroper
WillyGroper's picture

With Tetra gear firmly angled at his nads.

Sun, 05/03/2015 - 19:29 | 6057110 29.5 hours
29.5 hours's picture

 

 

"The mainstream is beginning to sound a lot like some fringe blog..."

It seems as if a lot of MSM assets have been taking ZH pills lately. Whether it's two days or two years ahead, ZH has the real stuff first.

 

 

Mon, 05/04/2015 - 12:26 | 6058724 Kirk2NCC1701
Kirk2NCC1701's picture

That's because there IS some universal truth being spoken, that crosses all boundaries of ideology/worldview and genetic allegiance.

W/o exception, if you get in the (complacent then lazy) habit of drinking the Kool-Aid of whatever group you identify with, you stop thinking.  Your thoughts and views become automatic, reflexive and ingrained.  A true and lucid thinker will always try so reconcile whatever is being said or promoted with Fundamentals of Nature and Human Nature. 

Having said that... People get/got burned with all kinds of financial products, because their weaknesses & foibles got the better of their judgement and prudence.  E.g. if you went overboard on Asset X, and that asset has gone in a different price direction than you hoped, you lost money.  It happens.  But if you allocated too much of your money on said Asset X, then shame on YOU, because your emotions (desires, fears) got you to over-extend yourself and lean too far out the window.  And (with foresight or hindsight), we all know what Time + Murphy's Laws do to people and groups who are overextended, who are leaning too far out the window:  Tim-berrr!  SPLAT!

There is NO asset or asset class on earth that is immune to perturbations, manipulation, bubbles, corrections, theft or confiscation.  Even those which typically withstand the test of time (Land, Gold, Gems) have cyclical or temporary or massive setbacks or corrections, or are stolen or confiscated.  NOTHING is secure or immune forever.  Which is why...

"THOU SHALL ALLOCATE WISELY IN ALL WEALTH CLASSES:  PRIMARY, SECONDARY and TERTIARY WEALTH.  ALLOCATE WISELY OR PERISH."  In THIS context Bernanke's remarks are spot on:  Stop your moaning, groaning, bitching and blaming!  Have a Vision, a Plan (write them down, to give you clarity and force commitment!), and have the discipline & stamina to execute to that plan.  Cause... DARWINISM RULES, and no matter what they told you at home, in Bible Camp or whatever academic School, your Prime Mission is to SURVIVE, mother-truckers.

p.s. The organized religion (i.e. Worldview) of the Self-Chosenites knows this and is in tune with Darwinism ("You shall be Rulers, not Ruled!").  By contrast, most flavors of Christianity keep selling Kool-Aid (Sermon on The Mount crap, and all that BS of being Sheep, Flock, etc).  Which is why, when confronted with a more predatory and organized group, they have succumbed and are now ruled, milked, sheared and fleeced by a tiny minority (who have decided to BE their own salvation, rather than pray, hope and wait for it).  Truth and Cognitive Dissonance is a bitch, when it perturbs your deep and pre-programmed worldview, I know.  I know, because I've been there also.  I've traveled to where few dare to go: the Valley of Ideological Death, where ALL bullshit, myths and lies are stripped off and washed away -- before stepping into the Light of seeing how the Universe and Human Nature truly ARE, rather than what I want it to be, or others have programmed me to believe.

Your move!  What say you, little sheep?

Sun, 05/03/2015 - 19:34 | 6057113 izzee
izzee's picture

His April 30 Brookings Blog closed the comments and then "published" 7 of them.

Ben should sign on to the Hysterical for Hillary Campaign. 

OOOPS is the word "hysterical" permitted in reference to Hillary? 

Mon, 05/04/2015 - 00:44 | 6057639 pgroup
pgroup's picture

As long as she hasn't had a hysterectomy.

Sun, 05/03/2015 - 19:36 | 6057114 Yes_Questions
Yes_Questions's picture

The failure to attract the long-term unemployed into the job market is one reason the Fed continues to hold interest rates so low.

huh?

is this code for something?

so, if the job market somehow managed to attract the long term unemployed off their unproductive asses and into meaningless work, this justifies fleecing those connected to the first source of credit money?

which means further fleecing those who'll have to borrow in the retail side of credit?

wtf?

Sun, 05/03/2015 - 20:15 | 6057172 Rico
Rico's picture

". . .to attract the long term unemployed off their unproductive asses and into meaningless work,"

 

Yeah, 92 million americans are just too lazy to get off of their unproductive asses and go find jobs...Are you really saying that there are 92 million jobs just laying around waiting for them to make a lifestyle change?...jesus, thats a stupid comment...

Really? Letting interest rates normalize means fleecing those connected to the first source of credit money? 

which means further fleecing those who'll have to borrow in the retail side of credit?

Great, gawd forbid the banks get fleeced as you call it by interest rates going up..boo hoo their play money just got slightly more expensive after 8 years of free money..What about retirees and others living off of the income generated by their asssets? They are the ones who have reaped the true ass rape from the Fed holding interest rates so low..

Not sure how someone can be so obtuse...

 

Sun, 05/03/2015 - 22:19 | 6057434 GMadScientist
GMadScientist's picture

We're supposed to believe that people who were exempt employees pulling six figures should suck it up and apply at the local Applebee's as a server until the 1% have had enough champagne to trickle.

Mon, 05/04/2015 - 00:53 | 6057648 pgroup
pgroup's picture

when I was younger, I'd start my own business if I couldn't find a job. But there is no evidence those 92 million aren't already doing self-employment and are simply not reporting their income. If you knew you could make enough money doing side work 20 hours a week as long as you kept all of it, how stupid would you be to play the bankster /IRS game by giving up 30% of it?

I bet that 50 million out of those 92 million are working under the table and they ain't never coming back into the system. They peeked behind the curtain. It's too late. The feds will either have to pretend they don't exist or they will have to hunt them down.

There ain't enough money to hire the posse needed to hunt 'em down. They've gone Galt and they ain't part of the slave machine anymore.

Mon, 05/04/2015 - 05:23 | 6057731 CultiVader
CultiVader's picture

True Dat brother! The god damn global financial crisis was the best thing that ever happened to me. Didn't see a slow down in business from 2010 until this past year ( which sucked, production issues mainly). Oh, and thanks for paying me to go to university in the meantime. The last meltdown was so fucking lucrative I can't wait for the next one! Bring it bitches!

Sun, 05/03/2015 - 22:18 | 6057432 GMadScientist
GMadScientist's picture

We're meant to believe that the Fed gives a shit about people with less than 3 commas in their net worth, but it's pretty clear that the only people they're looking out for are inside the beltway or on Wall St.

Sun, 05/03/2015 - 23:33 | 6057564 OldPhart
OldPhart's picture

With the benefits, time, and opportunity cost, here in California, you would be north of $20 an hour to bring dregs to work.  We offered $18 an hour and can't get anyone to cross into the light.

I've got a staff making an average of $11 an hour and they are working for self respect and fear of falling into that black hole of helplessness.  Granted they're pretty much all grandmothers...

It's become acceptable to recieve handouts.  Benefits are transparent, there's no longer physical food stamps, nor, apparently, a bias against men in the home.

When I was in college I was forced to put my family on food stamps and welfare.  And the state beat my ass every day.  I worked what I could find and reported all earnings and had to fill out mounds of paperwork every month.  In the meantime I was taking 24 to 27 units a quarter to get through school as fast as possible.

In the end, I pretty much had to pay back every dollar they gave me.  Because they issued checks twice.  Funny thing was, I didn't cash the second checks.  It didn't matter to the state of commiefornia.

Going to the store and having to pull out food stamps in front of everyone in line as they watched what you bought...shame came into the equation and you made sure that there was NOTHING that was out of line.

A miserable period of my life, worse than being homeless at seven.  I think it lasted about three years.  I'll kill before ever going back on government handouts.

Sun, 05/03/2015 - 19:35 | 6057115 NoWayJose
NoWayJose's picture

If you want to place blame for a weak economy, you cannot really blame Bernanke. Honestly - there was nothing he could do with the cards he was dealt except to kick the can a little further. There is nothing Obama or Yellen's can do either. It is also too late for any of the Republicans running in 2016.

Blame can go to the creation of the Fed, FDR entitlements, LBJ's Great Society, the Vietnam War, Nixon's taking us off the gold standard, Reagan and Tip O'Neill introducing larger budget deficits and empowering big defense companies, Bush 1 raising taxes, Clinton and Bush 1& 2 repealing banking laws, approving one-sided trade agreements and tax breaks for export US jobs, bailing out banks that should have failed, and policing the world.

All of the above, plus poor demographics, basically means that there is nothing Bernanke or anyone else could do to save the US economy. The last great opportunity was in the mid-1990's with Newt's Contract with America. But we blew it. Now it is too late.

Sun, 05/03/2015 - 19:51 | 6057122 SofaPapa
SofaPapa's picture

Interesting question that: when was the last great opportunity?  I would place it earlier than you do.

I think if this country had reacted appropriately to Vietnam, we could have chosen a different path.  If they had said, "hmm... clearly even the largest economy in the world doesn't mean we can do whatever we want" and at that point used the opportunity they were given to dismantle the imperial state - especially the MIC, we could have turned it around.  The 70s were going to be a wash no matter what, but we could have started real growth in the 80s if we had focused inward rather than going imperial.  But nope.  We went the full-imperial model, and had to go into full on fiat debt creation to achieve it.  And now here we are.

All the other points you reference are right, too (e.g. FDR, etc), and I've argued before this can be taken back to the Civil War.  Some say the faults in the system were built in from the beginning, and there's some merit there.  But Vietnam was a case where the population was ready to give up the "we are God's gift to the world" meme, and that chance was squandered.  Ever since then, we are convinced that the US is "exceptional".

<God Bless Our Troops>  The sign of our times, and that is just plain depressing.

Sun, 05/03/2015 - 20:06 | 6057157 TradingTroll
TradingTroll's picture

Bernanke took the job and cashed the paychecks. Going into the job his 'heli-ben' reputation was huge. People expected the world of him. Look it up.

Sun, 05/03/2015 - 20:26 | 6057196 WillyGroper
WillyGroper's picture

NEWT? Are you kidding?

There's prolly not going to be a 2016.

Sun, 05/03/2015 - 22:20 | 6057438 GMadScientist
GMadScientist's picture

BS, the dipshit was culpable a year before the crisis.

Mon, 05/04/2015 - 02:28 | 6057683 HughK
HughK's picture

I like the long term thinking, but the idea that this is primarily due to governemnt action is probably mistaken.  Certainly that's significant, but the two hundred year expansion of industrial civilization brought about by fossil fuels is now flatlining and is likely to go into a slow decline (in terms of energy return on investment and per capita energy) and this is the primary cause of our economic limits.

I certainly think that Greenspan, Bernanke, and Yellen are guilty of policies that appear to try to stimulate growth but actually benefit the big banks for than anyone else.

Sun, 05/03/2015 - 19:43 | 6057120 zjxn06
zjxn06's picture

He's a self avowed student of history.

An expert on the Great Depression.

Told Milt Fredman he'd never allow that to happen again.

The depression is here but soup kitchens and food lines are gone because of EBT. Whole Foods is the new food bank.

Me thinks history will not be kind on the Bernank.

Mon, 05/04/2015 - 12:26 | 6058727 sleigher
sleigher's picture

Soup kitches are gone because only criminals run soup kitchens.

https://www.youtube.com/watch?v=sIK1H5vNmVQ

https://www.youtube.com/watch?v=pLqWYBSyQbs

Feeding hungry people is illegal in the land of the free.

Sun, 05/03/2015 - 19:49 | 6057129 spinone
spinone's picture

You can be sure that if the big connected players (WSJ owned by Rupert Murdoch) are beating the drum against the fed, it's no coincidence.

Sun, 05/03/2015 - 19:49 | 6057132 kchrisc
kchrisc's picture

More noiZ-media theater.

They are losing control, and are abandoning the dollar and DC US ship. The FedRes is being prepared to be the fall-guy. Not that they don't deserve it, but the plunder did not flow to the FedRes, but thru the FedRes to Zion. Zion needs to preserve their dollar/fiat denominated assets, so they are laying the groundwork for the blame to be laid at the feet of the FedRes and then use that propaganda as cover to institute an SDR fiat-currency.

That is why the theatrical turning against the FedRes and current and past Fed-heads.

Liberty is a demand. Tyranny is a submission.

 

The bottom line is this: If it is in the noiZ-media, there is an agenda/lie attached. Always.

Sun, 05/03/2015 - 21:11 | 6057296 MonetaryApostate
MonetaryApostate's picture

Everyone likes to blame the bankers, but nobody wants to point a finger at the elephant in the room...

http://www.globalresearch.ca/new-world-order-the-founding-fathers/5445255

Sun, 05/03/2015 - 21:33 | 6057341 kchrisc
kchrisc's picture

"Everyone likes to blame the bankers, but nobody wants to point a finger at the elephant in the room..."

Precisely one of the reasons I push the concept and reality of "Zion" all the time. I think it important that people understand how foreign interlopers are controlling and plundering America, but I am also motivated to try and take back the word "Zion."

Zion has relegated the word "Zion" to the "anti-semantic" tar pits, and I desire to reclaim it and clean it up, and then pin it to their chest like a "Scarlett Letter."

So when someone sees all the noiZ-media outlets pushing the same agendas, and often utilizing the same language to do so; That's Zion, not a coincidence. When people see coordinated false-flags like Sandy Hoax; That's Zion. When one can predict that, on failing in Syria in 2013 because of Russia, the elites would turn to undermining the Ukraine to punish Russia; That's Zion. When one sees in the noiZ-media increasing pressures to divide the population against each other in smaller and smaller swaths, gays, then gay-marriage, and now transgender; That's Zion.

Basically anything that is stealing your Liberty and/or having you paying more attention to FUDD (Fear, uncertainty, dread, and distraction) than your Liberty is Zion at work.

Liberty is a demand. Tyranny is submission.

Sun, 05/03/2015 - 22:10 | 6057413 Usurious
Usurious's picture

that was fucking beautiful.........

Sun, 05/03/2015 - 19:50 | 6057135 yogibear
yogibear's picture

What do you expect from another academic parasite?

Bernanke got his PhD from other peoples work and boasting that what he did saved the world.

It only made the day of reckoning worse. He'll blame others. It's why he left being the Fed head so quickly.

Sun, 05/03/2015 - 19:52 | 6057138 nmewn
nmewn's picture

Before I start, fuck the WSJ for their Captain Obvious routine, they know perfectly well what the Fed is and how its symbiotic relationship works with the oligarchial-statist class, afterall they are part of it.

So anyways, what is it with TPTB lately?

Ben has found himself blogging like Joe Sixpack at the sociali...er, um "progressive" Brookings Institute while lucratively sitting as an "advisor" at Citadel, no self-marketing cognitive dissonance there at all right?

The matriarch of the Clinton Crime Family tries to portray herself as the "champion of average everday Americans" when not commiting felonies by deleting thousands of government & personal related emails, smashing her server to smithereens and raking in millions in cash from God only knows where & from who across the planet, not even the slightest appearence of impropriety there...lol.

They seem to think they are above justice (extrajudicial or otherwise) or we are stupid.

I'm going with the former, Common Core hasn't really taken hold yet ;-)

Sun, 05/03/2015 - 21:43 | 6057358 kchrisc
kchrisc's picture

Keep a list. Build a guillotine. Acquirer baskets. Lots, and lots of baskets.

Liberty is a demand. Tyranny is submission.

 

At a minimum, every American should be compiling a list, call it the Crimes Against the American People List (CAAPL), or Treason List.?? A list of known pol, crat, functionaries (funcs), and bankster criminals that they are aware of.

Oath violating and treasonous gun and badge thugs, corrupt pols and crats, thieving banksters, etc. should be placed on it. At a minimum, their names, victims, crimes, and positions, should be kept for future reference for accountability, trial, and punishment.

When the DC US finally collapses, these lists can then be used to root out the known criminals that will think that they can hide among their victims--no "Truth and Reconciliation," and no quarter.

Sun, 05/03/2015 - 22:09 | 6057409 nmewn
nmewn's picture

Liberty is a demand, I like it ;-)

Sun, 05/03/2015 - 23:08 | 6057518 tarabel
tarabel's picture

 

 

That's the sort of great thinking that makes the Middle East such a nice place to live in.

Oh, and a big shout out to you for encouraging people to self-incriminate themselves on a conspiracy rap by compiling lists of public officials to be killed. Or are you planning on using your guillotine as a cigar cutter? Juries love that stuff.

It may well happen that the country will need the services of its patriotic sons and daughters in the near future. Having them all out on parole or awaiting trial for an easily-avoidable rap is not a fabulous way of recruiting.

Unless, of course, you're a cop trolling for idiots to give you a hearty "Hell, yeah."

But of course I know you aren't a cop trolling for suckers, so, since you feel so strongly about it, perhaps you'd favor us with your personal list of exactly who should be killed...

Not happening?

Why's that?

Because you're a cop or because you know better than to do something that stupid? After all that big talk about your lonely guillotine, you get pretty weasel-like and lawyerly later down the list.

But, in either case, you want other people to do something that stupid.

Listen carefully, people. Read the newspapers. You all know the story.

THE LOUDEST VOICE FOR VIOLENT ACTION IS THE ONE WHO IS REPORTING BACK TO HEADQUARTERS AFTER THE MEETING IS OVER.

Don't make lists. There are only two outcomes-- It doesn't matter. Or you will be incredibly sorry you did that. Risk versus reward. Don't let somebody push your emotional buttons and get you into a spot you did not personally intend on getting into.

Mon, 05/04/2015 - 00:40 | 6057636 kchrisc
kchrisc's picture

Just an American citizen, not US subject advocating that a first step that the American people can take, and take right now, is to start a list of criminals and their crimes that they are aware of.

The lists are for seeking later justice against the criminals.

Additionally, tyranny should not be the only ones keeping lists, especially since they are the thieving and murderous criminals.

Now don't get me wrong, I do not advocate violence as what is needed first, as non-violent Rejection is what is first required. However, history informs that tyranny will resort to violence, as that, and theft, are all they have; are all they are. So we must be ready.

A long journey starts with the first step, and a list is a good first step in the coming Revolution against the DC US' tyranny.

Liberty is  a demand. Tyranny is submission.

 

Mon, 05/04/2015 - 05:41 | 6057735 bunnyswanson
bunnyswanson's picture

When the Blacks Matter / Cops Stop Killing Us! riots reach the NSA buildings and 2 million of them breach the entrance, we'll have all the information we will need.  I hope someone tells them not to burn it down.

Sun, 05/03/2015 - 20:09 | 6057161 Dead Man Walking
Dead Man Walking's picture

Everything is so scripted and fake now, it seems like if I get angry it will be a waste because I'll just be playing into one side or the other's bs game. My income peaked in 1999 and has gone steadily down since. There is no demand for capital expense investments in businesses anymore. Fuck Greenspan, Bush, Bernanke, Obama and the Clintons-what a royal bunch of scammers.

Sun, 05/03/2015 - 20:09 | 6057162 Ban KKiller
Ban KKiller's picture

Stanley Fischer, the Fed’s current vice chairman, who recently said on CNBC that “we are going to be changing monetary policy from the most extremely expansionary we’ve been able to do in all of history to an extremely expansionary monetary policy.”  So....

NO change, got it. 

Sun, 05/03/2015 - 20:18 | 6057176 Fun Facts
Fun Facts's picture

Failure ?

The tenure of Herr Bernanke was enormously successful in wiping out the remainder of the middle class, along with effecting the biggest wealth transfer in the history of the world from you, to his BIS, IMF, FED, ZWO shareholders.

Mission accomplished.

Sun, 05/03/2015 - 20:20 | 6057183 WillyGroper
WillyGroper's picture

A Murdick production. Well ain't that special!

Aw c'mon folks give the Bernank a break.

He was given a rectal labotomy at Princeton.

Forward Cherry Marine Comrads!

Sun, 05/03/2015 - 20:21 | 6057187 Reaper
Reaper's picture

Is there honor among our financial masterminds? Who are the greater fools, those who believed their financial prowess, or the fools that thought they had financial prowess?

Trust in Fed Bankers was the WSJ's opiate. Trust in WSJ was the opiate of some other fools. Responsibility by either is above their character level.

Sun, 05/03/2015 - 20:23 | 6057189 WTFUD
WTFUD's picture

More important news is Ma Long(Chn) defeated Fang Bo(Chn) in the Men's Table Tennis World Championships in a thriller.

Ding Ning(Chn) and Liu Shiwen(Chn) contest the Ladies Final. Ding Ning's taken an early lead.

Sun, 05/03/2015 - 22:52 | 6057501 tarabel
tarabel's picture

 

 

Did China have to unplug all of its refrigerators to watch the match?

Sun, 05/03/2015 - 20:23 | 6057190 Pancho de Villa
Pancho de Villa's picture

"What next? Cats living with dogs, mass hysteria, the dead rising from the grave?"

 

 

The clocks will all run backwards,

All the sheep will have two heads,

And Thursday night and Friday,

Will be on Tuesday night instead

 

And all the times will keep on changing,

And the movement will increase,

There's something about the living, babe,

That sends me off my feet

 

There's breeding in the sewers,

And the rats are on their way,

They're clouding up the images,

Of my perfect day… 

 

And I know I'm not alone...

~ World Party, Way Down Now

 

 

Sun, 05/03/2015 - 20:27 | 6057194 williambanzai7
williambanzai7's picture

..

This douche weasel should just shut his fucking mouth and lay low.

Instead, he has decided to rewrite history with yet another shitty book and continuously drip blog us with his condescending Keynesian con-fabulations. Simultaneously he is flaunting his ethically challenged personna as a revolving door manslut.

Show him the money... 

Sun, 05/03/2015 - 20:37 | 6057228 espirit
espirit's picture

Is that a Paslode da Bernank is holding to his head?

(wish it was so)

Sun, 05/03/2015 - 20:46 | 6057248 shovelhead
shovelhead's picture

Funny how they always manage to land on their feet after serving our great nation.

Sun, 05/03/2015 - 20:48 | 6057252 Reaper
Reaper's picture

He's better as a self apologist than a financial mastermind. The smaller the brain, the more room inside a hollow head for imaginary skills.

Sun, 05/03/2015 - 20:27 | 6057201 will ling
will ling's picture

this little socialist pig is goin' to hell and he thinks a blog will stav-it-off.

Sun, 05/03/2015 - 20:30 | 6057204 BI2
BI2's picture

Obviously Bernanke is suffering from the Syndrome=> wp.me/p4OZ4v-1CZ

Sun, 05/03/2015 - 20:34 | 6057218 Fix It Again Timmy
Fix It Again Timmy's picture

7 bumble-fuck FED governors make even a witchdoctor seem respectable...

Sun, 05/03/2015 - 20:34 | 6057219 Jonesy
Jonesy's picture

Awesome, more Jew v. Jew theater for the Goy.  They're really going at it!  They'll get to the bottom of it and then things will change, I just know this time is different.

Sun, 05/03/2015 - 22:50 | 6057500 tarabel
tarabel's picture

 

 

If they ever stop charging admission at Nazi Moron Theater, you're going to walk home a rich man.

But then some gang of unemployed Jewish boys will step out of the shadows and force you to buy a new car that you cannot afford.

Mon, 05/04/2015 - 06:03 | 6057726 AIIB
AIIB's picture

From my observations:

 

- there aren't many unemployed jewish boys (even the ones who lose their jobs at The Fed get gigs at Citadel & PIMCO)

- they prefer doing business from the shadows

- the 'gang' part you probably got right

 

nobody 'forces' me to do anything. At very worst, I'm simply vocal about failed 'attempts' at it. You, OTOH, seem to prefer to criticize people like myself for doing so (despite overwhelming historical evidence that implicates those whom you go out of your way to defend).

 

What's most laughable is that you appear to be offended by the (correct) observation that WSJ & Bernanke slinging poo back & forth is essentially 'jew vs. jew'. So naturally an evil 'NAZI' could be the only one who could ever come to that conclusion.

 

This fucking shit is never gonna stop. Ever.

Sun, 05/03/2015 - 20:46 | 6057249 buzzsaw99
buzzsaw99's picture

He's so tough, as pure as the driven slush.
And that's not true what he's talkin' about,
It really don't cost that much...

[/Pearl Necklace, ZZ Top]

Sun, 05/03/2015 - 20:54 | 6057264 Miss Expectations
Miss Expectations's picture

“Regardless of whatever else happens, I know I did the best I could under the circumstances and am not sorry for anything I did."

Loris Lerner

 


Sun, 05/03/2015 - 23:45 | 6057575 OldPhart
OldPhart's picture

One of my ancestors, on the gallows, was told to step on the trap.

He asked, "Do you think it's safe?"

I'd love to hear Lerner's comment as she stepped onto the trap.

[yeah, we're those kind of people.]

Sun, 05/03/2015 - 21:02 | 6057275 I Write Code
I Write Code's picture

Bernanke's blog posts so far are revisionist half-truths and drivel.

I wonder if Pimco gets anything better for their money.

I give The Bernank some grudging respect for his moves in 2008, but honestly you can go back to his public statements at the time, compare that to what actually happened, compare them to what market movements tell you, and compare them to his recent blogs - and nothing matches. 

And he should have found a way to turn it all off by about 2010 instead of passing it onto Ms. Janet.  It was cowardly of him not to do so.

Sun, 05/03/2015 - 21:03 | 6057277 nah
nah's picture

The Federal Reserve controlls the value of US assets

.

I think thats what the congress wants with their almighty will to tax whats left

Sun, 05/03/2015 - 21:13 | 6057300 MonetaryApostate
MonetaryApostate's picture

Everyone likes to blame the bankers, but nobody wants to point a finger at the elephant in the room...

http://www.globalresearch.ca/new-world-order-the-founding-fathers/5445255

Sun, 05/03/2015 - 22:24 | 6057451 shovelhead
shovelhead's picture

Big deal.

So a few guys with some time on their hands start a social club.

Mon, 05/04/2015 - 05:35 | 6057733 bunnyswanson
bunnyswanson's picture

Secrets are fine.  Colluding to over thrown a govet is another.

https://www.youtube.com/watch?v=ExmO8UgQL4E  (Peter Jennings the Last Real News Broadcast Journalist shows clip of portion of ritual/initiation of Yale S&B new members.

Skulls

&

Bones

Where the rich are programmed to kill at an earlier enough age that their blood and tear soaked path in life will not cause them to lose any sleep. 

 

Sun, 05/03/2015 - 21:12 | 6057287 XRAYD
XRAYD's picture

Thank goodness there is some intellectual and honest analysis in the WSJ here. One cannot simply do stuff, create a personal theory or rules to justify it based on 'scholarrship', specially when one is not directly elected in democracy and decides to make ruled (carry out orders and make wishes( behind closed doors in the name of "save the financuak system" and save the world.

 

The only historic examples of such balls=pah that come to mind:

 

1) Oliver Cromwell (Wolfhall currently on Masterpiece) and Thomas More (A man For All Seasons), who chose to give his life to object to such invention for the convenience of his master for a son, or a bank; and 

 

2) the legal justification for the Invasion of Iraq and torture - as concocted by the 'Cheney' administration. 

 

  

When we serve masters others that truth, fairness, and justice for all ... we are but slaves! And it is infinitely worse when one does so for the priests of the temples of money (see Jesus, and the money changers) and then goes to work for hedge funds and money managers. That is YOU, Ben - the Judas for America, and Freedom!

Sun, 05/03/2015 - 21:14 | 6057302 pachanguero
pachanguero's picture

Fucking Jewsish Mafia.  I'l lbet the let the nukes fly before they go down. Why can't we nuke the Whole middle east?

Sun, 05/03/2015 - 21:59 | 6057390 shovelhead
shovelhead's picture

You see?

This is why we don't let Mexicans have nuclear weapons.

Mon, 05/04/2015 - 00:06 | 6057595 OldPhart
OldPhart's picture

Told this before, but it fits here....

A couple of years ago was binged by son in Afghanistan on mschat.  He wanted to test some McGyvered shit he had rigged with computers and satellites and cell phones.

He said he was on some mission at some FOB and that he had to do a couple things to verify his system was working.  He asked me a couple questions about my internet and sent a ping where he 'found me'.

At that point he said his mission was over, that he was successful and we had some time to chat.

We had a bit of coversation and somewhere in it I mentioned that we should drop a nuke every ten miles starting Syria and go up to the Russian border.

Another mschat window opened from NSAGUY.  "Mr. OldPhart (actually used my real name), You cannot advocate a nuclear exchange on open systems.  You may cause an international crisis.  You cannot say such things."

Me: "Fuck you, NSAGUY, I'm an American in fucking America and I can say what ever the fuck I want.  You take your whiny ass and go fuck yourself."

Two weeks later...first interview with NSA.

Can't keep my mouth shut...

Two months ago...first interview with FBI for October post on facebook.

Voice disgust and dissatisfaction, or disbelief, and YOU are going to get a personal visit by some federal drone.

I will personally attest to it.

(EDIT:  Dumbass son is going on his thirteenth year in Afghanistan.  He's a contractor with a one year old son.  He needs to get his ass back home and be a dad.  I have no patriotism left.  He's already been blown up three times and escaped the helicopter crash that killed eleven about five years ago (he had a tooth pulled, a broken finger, and his military boss felt sorry for him and took his place.  He was actually, physically, on that helicopter before the switch.  Longest fucking day of my life.)  The money is too good, and he has, what I drilled into him before 2008, a solid belief in our government and military...I think I've killed my son.]

Mon, 05/04/2015 - 00:14 | 6057603 OldPhart
OldPhart's picture

Duped...sorry.

Sun, 05/03/2015 - 23:30 | 6057322 mijev
mijev's picture

Word to the WSJ and Ben. How do two gay men settle an argument? Like gentlemen. They step outside and exchange blows.

Mon, 05/04/2015 - 00:49 | 6057644 OldPhart
OldPhart's picture

Me, announcing I'm getting a cigarette....

"I'm stepping out to blow a fag."

"I'm gonna go suck a butt."

"I have to pass gas."

"I need a wheeze."

"Need to pound a coffin nail."

"It's a disgusting habit, but someone's got to do it."

"Time to pay another dollar to our government."

"Fuck you, you're boring and have nothing to say worth listening to."

Sun, 05/03/2015 - 21:33 | 6057339 Zapporius
Zapporius's picture

Ok, is this website some kind of information gatekeeper distraction, or are you guys for real? Why are you even talking about Bernanke as some kind of guy who was doing his job and "made a mistake"? They robbed you, and everyone else. Or maybe you lot were complicit in search for easy money on wall street, got out, and now you can't look into your own jungian shadow.

Stop projecting some kind of "it was all just a misunderstanding" picture, you know they were screwing over everyone, but it was ok as long as it was happening to someone else. You called it economy back then. Once you figured out it was a ponzi scheme, and you were maybe left out, it's all sarcasm and stories.

Sun, 05/03/2015 - 22:17 | 6057431 lordbyroniv
lordbyroniv's picture

yup

 

they lie to the fishes

Mon, 05/04/2015 - 02:04 | 6057677 bunnyswanson
bunnyswanson's picture

Oh this is no mistake.  And to say the US economic collapse, Ponzi scheme shaped like a stock market, currency collapse is all a big mistake is just what they are hoping for.  Dump/pump has given impression that all is well but bleeding off gains is what it appears to be to me. 

Ben Bernanke, Yellen and the rest of the "club" should be FIRED - Not given jobs.  The fact they are swooned over like goddam movie stars indicates to me they are handing out gifts and free prizes to anyone in power who agrees to say nothing while America is dismantled. 

Kill The Dollar (3 years ago)

http://marinkapeschmann.com/were-just-going-to-kill-the-dollar-white-house-justice-dept-treasury-do-not-deny-alleged-senior-obama-member-statement/

https://www.youtube.com/watch?v=ILKolTI1s50

Kyle Bass states he was informed by a Sr White House official "We are going to kill the dollar"  (The Godfather)

 

Look what i found:

frenchy137   3 years ago

Zerohedge brought me here.

 

Sun, 05/03/2015 - 21:53 | 6057382 WTFUD
WTFUD's picture

WANTED PREFERABLY DEAD

Sun, 05/03/2015 - 22:19 | 6057435 SubjectivObject
SubjectivObject's picture

I entered this thread thinking evry post would end with

Fuck You bernanke !

My bad.

Fuck You bernanke

and Fuck the WSJ; the epitome of Janus journalism.  [it must be deemed safe to tell us now]

Sun, 05/03/2015 - 22:34 | 6057471 ekm1
ekm1's picture

WSJ is the propaganda arm of the Fed.

Hmmm.

 

Civil war going on inside bank lobby as to who are going to be sacrificial lambs and sacrificial bulls for the rest to surive

Sun, 05/03/2015 - 22:35 | 6057474 Downtoolong
Downtoolong's picture

All true. But, wasn't Bernanke spouting all the same BS when he was Fed Chair? Funny that the WSJ didn't have anything bad to say about him until now.

 

 

 

Sun, 05/03/2015 - 22:45 | 6057493 JoWazzoo
JoWazzoo's picture

Fuck you Bernanke. Useless piece of shit. Nope - no problem in housing. Trouble is - this MoFo believes the shit he shovels. He and Krugman prob get together over drinks and cigars.

Sun, 05/03/2015 - 22:56 | 6057511 RSDallas
RSDallas's picture

Are you kidding me. been ankle and all of your predecessors are full of shit. Your idiots, plain and simple. You can't interrupt the business cycle without causing collateral damage. I wish you well Mr, Bernanke, but I must say that you and your colleagues since Andrew Jackson's time have been flatt ass wrong! The Fed is a major drag on our society, not economy, but society. Raise your voices America!

Sun, 05/03/2015 - 23:00 | 6057514 Goldilocks
Goldilocks's picture

What is the purpose of the Federal Reserve System?
http://www.federalreserve.gov/faqs/about_12594.htm

The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. Today, the Federal Reserve's responsibilities fall into four general areas.

    Conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices.
    Supervising and regulating banks and other important financial institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers.
    Maintaining the stability of the financial system and containing systemic risk that may arise in financial markets.
    Providing certain financial services to the U.S. government, U.S. financial institutions, and foreign official institutions, and playing a major role in operating and overseeing the nation's payments systems.

~//~

Sarcasm.

Sun, 05/03/2015 - 23:10 | 6057516 BoPeople
BoPeople's picture

Bernanke is weak. He has no following, I am guessing that if he goes into the bunker he will be one of the first on the menu.

They need weak compromised people in the top positions so that they can be flattered and pushed around.

Bernanke is a weak compromised traitor, just like Woodrow Wilson, who is now trying desperately to make it look as if he was not as bad as he obviously was. He has not so unwitting ruined his country. He knew what he was doing. He was just weak and compromised.

Sun, 05/03/2015 - 23:06 | 6057527 DeusHedge
DeusHedge's picture

so they invented a supply chain line all the way from rocks to the cure for cancer, and bernanke proposed mass debt and no capital savings for a solution. Where's the logic?

Sun, 05/03/2015 - 23:15 | 6057537 q99x2
q99x2's picture

Why isn't he in prison. 

What the hell kind of world is this?

Sun, 05/03/2015 - 23:30 | 6057556 Goldilocks
Goldilocks's picture

Cartman Respect My Authoritah - South Park
http://www.youtube.com/watch?v=gx4jn77VKlQ (1:18)

Sun, 05/03/2015 - 23:38 | 6057566 4 wheel drift
4 wheel drift's picture

hmmm.... after all.... obozo and bernankaput must be cousins....     given the blame the other shit

Mon, 05/04/2015 - 00:15 | 6057608 HTZMR
HTZMR's picture

Love the ghostbusters reference!

Mon, 05/04/2015 - 01:51 | 6057668 Jstanley011
Jstanley011's picture

The Monetarists claimed that central banks could prevent economic resets, making depressions a thing of the past. On par with the Marxist claim that the workers would build a Communist paradise. This is only the beginning of the recriminations as the scam continues to unravel.

Mon, 05/04/2015 - 03:02 | 6057689 koan
koan's picture

Why do you think they picked an old cat lady for the new chair, how is it going to look when you start beating on her?

Mon, 05/04/2015 - 03:02 | 6057690 koan
koan's picture

Why do you think they picked an old cat lady for the new chair, how is it going to look when you start beating on her?

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