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Bernanke Lecture III Decrypted, Depression 14: AIG 29: Fail 33: Rescue 0

Tyler Durden's picture





 

While the previous two lectures have had a clear message - Central Banks good, Gold Standard bad, Stability Only Through Central Planning - today's lecture, while unequivocally net positive for the staggering power of the Fed to do what it wants, was less focused. With only one use of the words 'CDO' and 'Save'-the-world, Bernanke focused on the threat of Depression (14 times) and the world-ending 'M.A.D.-bringing' event that would have been the end of AIG (29 times!). With the word mortgage dominant (75 times) and 'Fail' bandied around 33 times, it is clear where Bernanke sees the blame and how the saving of AIG truly was a Flash Gordon moment. Nowhere is this bias better indicated than the 9 uses of the 'People' compared to the 104 uses of the word 'Bank' and should you feel that this was a 'save' by the Fed, the word 'Rescue' does not appear once during the 11,431 word diatribe.

As far as subliminal messaging - a few struck us as ironic - The flow from System to Mortgages To Money To Financials, the smallness of People, 'Now Maqrket Liquidity" being so close, and finally, "Funding Just Banks" was particularly appropriate when the hand-of-wordle was applied...

 


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Tue, 03/27/2012 - 15:45 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Any Italian Bonds in there? Maybe under "Purchased"?

Tue, 03/27/2012 - 18:01 | Link to Comment Zero Govt
Zero Govt's picture

Italian Bonds, and the Italian Prime Minister in fact, both come under the Feds Goldman Sucks 'Black Ops' accounting

Tue, 03/27/2012 - 15:32 | Link to Comment trampstamp
trampstamp's picture

wtf!

Tue, 03/27/2012 - 15:35 | Link to Comment The Axe
The Axe's picture

Hey..I resemble that remark

Tue, 03/27/2012 - 15:35 | Link to Comment williambanzai7
williambanzai7's picture

WORD CLOUDS

Tue, 03/27/2012 - 15:39 | Link to Comment Paul Atreides
Paul Atreides's picture

Excellent imagery, very prophetic.

Tue, 03/27/2012 - 15:39 | Link to Comment Long-John-Silver
Long-John-Silver's picture

You should add a well kicked can.

Tue, 03/27/2012 - 15:49 | Link to Comment williambanzai7
williambanzai7's picture

YES WE CAN

Tue, 03/27/2012 - 15:53 | Link to Comment t_kAyk
t_kAyk's picture

Bravo

Tue, 03/27/2012 - 16:08 | Link to Comment dwdollar
dwdollar's picture

Dr. Seuss?

Yes we can kick the can, we will, and we am.

Tue, 03/27/2012 - 16:12 | Link to Comment williambanzai7
williambanzai7's picture

Uncle Sam I am...

Tue, 03/27/2012 - 16:39 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

boy, u r QUICK, too.... 10 min turn-around from the can suggestion? zoomer

Tue, 03/27/2012 - 17:58 | Link to Comment Zero Govt
Zero Govt's picture

Banzais got ammo ..stored!!

Tue, 03/27/2012 - 15:42 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Follow the yellow fiat road.

Follow, follow, follow, follow the yellow fiat road.

http://www.youtube.com/watch?v=3bu3o3YaER0

BTW are those Munchkins......or Goldman Sachs Muppets in the video clip?

Just askin'

http://artsbeat.blogs.nytimes.com/2012/03/27/the-muppets-strike-back-at-goldman-sachs/

http://en.wikipedia.org/wiki/Munchkin

http://en.wikipedia.org/wiki/The_Muppets

Tue, 03/27/2012 - 16:15 | Link to Comment williambanzai7
williambanzai7's picture

LLOYD MUPPET

Tue, 03/27/2012 - 17:29 | Link to Comment t_kAyk
t_kAyk's picture

Looks just like him!!

Tue, 03/27/2012 - 17:57 | Link to Comment Zero Govt
Zero Govt's picture

actually Ben's wearing the dress in the photo

Tue, 03/27/2012 - 23:49 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

The pig on the left looks alot like my Auntie Sow.

Tue, 03/27/2012 - 15:43 | Link to Comment Monedas
Monedas's picture

Harry Reid Memorial Highway....Searchlight, Nevada !   Monedas  2012   Comedy Jihad World Tour

Tue, 03/27/2012 - 16:04 | Link to Comment LouisDega
LouisDega's picture

              Cue up  Jim Croce's I got a name chorus

              Movin’ me down the highway
                                   Rollin’ me down the highway
                                   Movin’ ahead so life won’t pass me by

Tue, 03/27/2012 - 15:37 | Link to Comment jus_lite_reading
jus_lite_reading's picture

The man steering the ship when the whole thing goes down will have a lot of s'plaining to do...

Get ready for the bank runs once the cat is out of the bag on the reality of the corruption...

Tue, 03/27/2012 - 15:39 | Link to Comment trampstamp
trampstamp's picture

Sure 20 years down the road it seems like. I'll be 6 feet under by then. What fun is that

Tue, 03/27/2012 - 15:41 | Link to Comment jcaz
jcaz's picture

Yep, he'll be explaining like Greenspan is-  "not my fault, where's my next speaking deal?"

Tue, 03/27/2012 - 16:04 | Link to Comment Havana White
Havana White's picture

"Where do you think you're going, young man?  Get back there and clean up the mess you made!"  -- Lady Liberty

Tue, 03/27/2012 - 15:38 | Link to Comment The Axe
The Axe's picture

Do you think the Fed will trade me Red Roof INN debt for my exwife's Ford Pinto, with a full gas tank?

Tue, 03/27/2012 - 15:44 | Link to Comment Long-John-Silver
Long-John-Silver's picture

The TSA will will drop by to confiscate the FORD Pinto with it's full tank of gas and arrest you for possession of a bomb and perhaps an instrument of terror.

Tue, 03/27/2012 - 15:40 | Link to Comment jcaz
jcaz's picture

Might as well just start using "comrades" instead of "people"......

Tue, 03/27/2012 - 15:41 | Link to Comment t_kAyk
t_kAyk's picture

Not one 'sustainable'.  Huh, I wonder why? 

Tue, 03/27/2012 - 15:41 | Link to Comment Dien Bien Poo
Dien Bien Poo's picture

ive had a great night. this wasnt it.

Tue, 03/27/2012 - 15:42 | Link to Comment no life
no life's picture

He's like subliminal man from snl..

Tue, 03/27/2012 - 15:42 | Link to Comment francis_sawyer
francis_sawyer's picture

Bernanke decoded:

blah blah blah blah blah blah PRINT blah blah blah blah blah blah blah blah PRINT blah blah blah blah blah blah blah blah PRINT blah blah blah blah blah blah blah blah PRINT blah blah blah blah blah blah blah blah PRINT blah blah PRINT AT MEGA FUCKING HYPER WARP SPEED blah blah blah blah blah blah PRINT blah blah blah blah blah blah blah blah PRINT blah blah BARBARIC RELIC blah blah blah blah blah blah PRINT blah blah blah blah blah blah blah blah PRINT blah blah...

 

Tue, 03/27/2012 - 15:44 | Link to Comment morning_glory
morning_glory's picture

"To the Ben Bernanke, if you are not a banker, you simply don't exist"

http://www.youtube.com/watch?v=yipV_pK6HXw

Tue, 03/27/2012 - 15:44 | Link to Comment Number 156
Number 156's picture

I think you got it wrong,,, the word cloud shoud read like this:

Blah blah BLAH blah blah blah BLAH blah, Blah blah BLAH blah blah blah BLAH blah, Blah blah BLAH blah blah blah BLAH blah, Blah blah BLAH blah blah blah BLAH blah, Blah blah BLAH blah blah blah BLAH blah, Blah blah BLAH blah blah blah BLAH blah, Blah blah BLAH blah blah blah BLAH blah, Blah blah BLAH blah blah blah BLAH blah, Blah blah BLAHBLAHblah BLAH blah, Blah blah BLAH blah blah blah BLAH blah, Blah blah BLAH blah blah blah BLAH blah, Blah blah BLAH blah blah blah BLAH blah, Blah blah BLAH blah blah blah BLAH blah, Blah blah BLAH blah blah blah BLAH blah, Blah blah BLAH blah blah blah BLAH blah,....furthermore... Blah blah BLAH blah blah blah BLAH blah, Blah blah BLAH blah blah blah BLAH blah, blah blah BLAH blah, Blah blah BLAH blah blah blah blah blah BLAH blah, Blah blah BLAH blah blah blah blah blah BLAH blah, Blah blah BLAH blah blah blah blah blah BLAH blah, Blah blah BLAH blah blah blah blah blah BLAH blah, Blah blah BLAH blah  blah blah BLAH blah, Blah blah BLAH blah blah blah

Tue, 03/27/2012 - 15:45 | Link to Comment francis_sawyer
francis_sawyer's picture

I forgot to add in a bunch of "LADYBOY's too...

Tue, 03/27/2012 - 15:48 | Link to Comment t_kAyk
t_kAyk's picture

It's an old bit, but the 'furthermore' made me laugh. 

Tue, 03/27/2012 - 17:55 | Link to Comment Zero Govt
Zero Govt's picture

i thought the word "market" was the funniest

Ben doesn't know a "market" he hasn't rigged, from US Govt long Bonds to interest rates to the Gold "market" ...he's stiffed the lot

Zombie Ben, kills "markets" stone cold dead

Wed, 03/28/2012 - 01:46 | Link to Comment t_kAyk
t_kAyk's picture

I hear ya.  'Furthremore' is one of those robot words, he will throw it in just to sound like a bullshit scholar.  'Market', well, that's just silly.  If you want to kill something it has to be alive beforehand,

Tue, 03/27/2012 - 15:57 | Link to Comment Monedas
Monedas's picture

 

Bernanke....Barnanke....Barnank....Barnerank....Barnefrank....Barneyfrank....Barney Frank    Monedas  2012    Million Dollar Boner's Arch-Nemesis

Tue, 03/27/2012 - 15:50 | Link to Comment kito
kito's picture

is it just me, or does that word clump image resemble a footprint.....of Big Brother?.......................

Tue, 03/27/2012 - 16:00 | Link to Comment Jim in MN
Jim in MN's picture

RAN Squawk sez:

Fed's Rosengren says consumption growth in US is unacceptably slow

How dare anyone deleverage????  Ve must punish zem!!!

Tue, 03/27/2012 - 16:26 | Link to Comment kito
kito's picture

we must consume....like locusts....destroying the fabric of society and the good earth with it..........

 

 

Tue, 03/27/2012 - 16:04 | Link to Comment Dull Which
Dull Which's picture

Gold has taken a hammering this afternoon.....

Tue, 03/27/2012 - 16:11 | Link to Comment no life
no life's picture

Ladies' Underwear

Tue, 03/27/2012 - 16:15 | Link to Comment LongSoupLine
LongSoupLine's picture

Hmmm, I dont see:

 

Bail Europe, Student bankrupt, Goldman orders, or...pesky ink stains

Tue, 03/27/2012 - 16:28 | Link to Comment AgShaman
AgShaman's picture

Lecture: 3

    +

Depression: 14

    +

AIG: 29

    +

Fail: 33................= 79...the elemental number for Gold

Tue, 03/27/2012 - 16:38 | Link to Comment MiddletonRobert3
MiddletonRobert3's picture

my roomate's sister makes $85 hourly on the computer. She has been fired from work for 6 months but last month her paycheck was $16158 just working on the computer for a few hours. Read more here .....  http://lazyCash9.com

Tue, 03/27/2012 - 18:30 | Link to Comment dataanalytics
dataanalytics's picture

TD/ZH- please kick this POS spammer off the site.

Tue, 03/27/2012 - 16:42 | Link to Comment tahoebumsmith
tahoebumsmith's picture

Here Ben lets talk about your real interest in saving AIG. As we all know the FED and its crony whore banks blew up the housing bubble by selling their crap CDO'S and MBS to sucker investors as AAA rated investments. As all the money rolled in and you greedy ZIONIST whores couln't get enough of it, you started lending to anyone who wanted the American Dream knowing full well the entire bubble was going to burst and none of these borrowers would ever payback their mortgages. So to protect yourselves with insurance when the plan fell apart you used AIG as your payout by stocking up on CDS to the tune of 64 BILLION DOLLARS! So when the housing bubble burst that you and your crony banks created and made billions off you could also make billions on the Insurance you had with AIG... Nothing but a money laundering scam set up to fail from the start and also a way to profit on both sides of the swing. Who is kidding who? I wish I could interview you so your lip would quiver and you would end up pleading the 5th just like all your other members of the syndicate have done in the past. It's absolute bullshit that this continues 4 years later and you act like you saved us from destruction when actually you cost the taxpayers nearly 50 billion and funneled the toxic crap off your crony banks balance sheets and shunted it into a Fed-run entity called Maiden Lane III? DON'T try to sell me your BULLSHIT, this was planned back in 2002 to play out exactly the way it did and since the plans inception you and your CRONIES have sucked over 10 TRILLION DOLLARS out of stupid sheeple Americans that are clueless to the extent of your looting. And if you wonder why 2009 and 2010 was record bonus years for the whores, now you know fricking why.. OBTW I know full well that TIMMAY was the chosen one to make sure you and your CRONIES got your payout from AIG... He delivered as promised and you promoted him the the SEC Of the Treasury as his reward...

http://www.nakedcapitalism.com/2009/10/fed-authorized-100-payout-by-aig-on-cds.html

Tue, 03/27/2012 - 18:25 | Link to Comment earleflorida
earleflorida's picture

In the beginning there was 9-11 --- in the end, not even the electrons garnered by CTRL-P, will neutronlize their electromagnetic armageddon?

 Http://www.youtube.com/watch?v=VxLacN2Dp6A

Tue, 03/27/2012 - 16:40 | Link to Comment Milton Waddams
Milton Waddams's picture

I caught some of Bernanke's lesson.  To be honest he appears much more comfortable in the professor role.  There is little of the stuttering and wavering voice that is so common in his testimonies and various other public appearances (i.e. original propaganda piece, the 60 minutes interview).  Also he is a true economic genius when analyzing and commenting on, and this is important, past events.  Real time?  Not so much.

Tue, 03/27/2012 - 17:20 | Link to Comment q99x2
q99x2's picture

Get the gallows ready.

Tue, 03/27/2012 - 17:51 | Link to Comment Zero Govt
Zero Govt's picture

too quick ...too painless ...got any better forms of torture?

Tue, 03/27/2012 - 18:45 | Link to Comment Zero Govt
Zero Govt's picture

 

I've decrypted Bens speech too 

Full Fat Porkies: 17

Half-truths: 13

Ducking Fed Accountability for The Depression: $3 Trillion ..and counting.. 


Wed, 03/28/2012 - 11:32 | Link to Comment Crash2012
Crash2012's picture

Somehow, I now see Bernanke in a different light.

 

Bernanke has clearly stated many times that he is interested in keeping rates, and the status quo, through 2014.

 

In 2014, Bernanke plans to leave.

 

The Bernanke plan is to quietly run away from all of this before the federal reserve, as we now know it, falls into the ash heap of history!

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