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Bernanke Tells American Soldiers To Make Good Financial Decisions Even As He Routinely Bails Out Those Who Don't

Tyler Durden's picture


Ben Bernanke is speaking in Texas to some soldiers and ther families in what is mostly a boilerplate presentation: he mourns the bubble economy, protects his policies and tries to deflect focus away from the Fed, just like the ECB, to the legislative. To wit: "it doesn't feel like the recession ever ended. The unemployment rate remains painfully high, and more than two-fifths of the unemployed have been out of work for longer than six months, by far the highest ratio since World War II. These problems are very serious, and we at the Federal Reserve have been focusing intently on supporting job creation. Supporting job creation is half of our marching orders, so to speak; the other half is controlling inflation." On Congress: "the Federal Reserve was never intended to shoulder the entire burden of promoting economic prosperity. Fostering healthy growth and job creation is a shared responsibility of all economic policymakers, in close cooperation with the private sector." Most interesting is Bernanke's attempt to get quite cozy with men and women in uniform: "soldiers who had taken the course were more likely to make smart financial choices, such as comparison shopping for major purchases, saving for retirement, and educating themselves about money management. They were less likely to make questionable financial decisions, like paying overdraft fees, taking out car title loans, and continually running credit card balances. Making good, well-thought-out financial decisions can make all the difference to your financial future." Like saving, yes? But with 0.001% deposit rates, just why should these brave men and women do anything "smart" choices: can't they simply do what the banks do every day and make dumb choices, instead knowing full well that you will bail them out. Will you bail out the soldiers of this country who follow in the banks' footsteps? Or do they need more weapons before they become too big to fail?

From the Fed:

At the Town Hall Meeting with Soldiers and and Their Families, Fort Bliss, Texas

November 10, 2011

It is an honor and a privilege for me to join the men and women of Fort Bliss today. As someone who puts a high value on public service, I want to thank the soldiers here for their service to our country and for helping to make the world a safer place. I admire your professionalism and dedication. I want to thank your family members as well; servicemembers could not achieve what they do without the support and sacrifices of their families. You should all be proud of what you have accomplished and what you stand for.

You may be wondering why the Chairman of the Federal Reserve would travel to Texas to speak at a military base. I meet with groups with a wide range of backgrounds and perspectives on our economy to listen and learn, as well as to explain what the Federal Reserve is doing to try to improve our economic situation. I'm here because the men and women in military service, like all Americans, are profoundly affected by the economic challenges our nation has faced these past several years. Your hometowns may be struggling with foreclosures. You may have had difficulty getting a loan to buy a car or a house. You may have family members who have had trouble finding employment in a tough job market. You may be worried about your own job prospects when the time comes for you to leave the military. So this morning I thought I'd first say a few words about what the Federal Reserve is doing to help strengthen our economy and increase economic opportunity.

I also want to make sure you are aware of some of the special financial protections for people in the military. Just this Tuesday I met with Holly Petraeus, head of the Office of Servicemembers Affairs in the new Consumer Financial Protection Bureau. Ms. Petraeus and I share a common commitment to ensuring that the men and women who protect the security of our country are themselves protected from predatory lending and other abusive financial practices. I will also share a few thoughts about what each of you can do to give yourself the best shot at a promising financial future.

Federal Reserve Efforts to Improve the Economy's Performance
At the Federal Reserve, we are working hard--both as central bankers and as financial regulators--to help restore our nation's prosperity. In 2008 and early 2009, the world suffered the worst financial crisis since the Great Depression, a crisis which, had it been left unchecked, would have resulted in a global financial meltdown and an economic collapse. Working with policymakers around the world, the Federal Reserve acted creatively and forcefully to help stabilize the financial system and halt the economic slide. Our economy has been growing and adding jobs for more than two years now. But for a lot of people, I know, it doesn't feel like the recession ever ended. The unemployment rate remains painfully high, and more than two-fifths of the unemployed have been out of work for longer than six months, by far the highest ratio since World War II. These problems are very serious, and we at the Federal Reserve have been focusing intently on supporting job creation. Supporting job creation is half of our marching orders, so to speak; the other half is controlling inflation. Or, in the language of the law that sets the mandate for monetary policy, the Federal Reserve is required to seek both maximum employment and price stability.

We pursue those two important goals by influencing the level of interest rates and other financial conditions. My colleagues and I on the Federal Reserve's monetary policymaking committee equate price stability with inflation being at 2 percent or a little less. That rate is low enough that people and businesses can make financial decisions without having to worry too much about rising costs, but high enough to keep the economy away from deflation--falling wages and prices--which is both a cause and a symptom of an extremely weak economy. Although spikes in oil and food prices, and other transitory factors, pushed inflation up earlier this year, inflation appears to be moderating, and we expect, based on the best information that we have today, that it will remain reasonably close to our objective of 2 percent or a bit less for the foreseeable future.

In the longer term, monetary policy is the main determinant of inflation, and so Federal Reserve policymakers have considerable latitude to choose our longer-term inflation goal. In contrast, "maximum employment" depends on many factors outside of the Federal Reserve's control, such as the skills of the workforce and the pace of technological innovation. Right now, my colleagues on the Fed's policymaking committee estimate that the U.S. economy could sustain an unemployment rate of somewhere between 5 and 6 percent without generating a buildup of inflation pressures. But, regardless of whether the sustainable rate is 5 or 6 percent, with unemployment currently at 9 percent, our economy is certainly falling far short of maximum employment. That high unemployment rate is why the Federal Reserve is focusing its monetary policy at strengthening the recovery and job creation, including keeping short-term interest rates near zero and longer-term rates, such as mortgage rates, at the lowest levels in decades. Keeping borrowing costs very low supports consumer purchases of houses, cars, and other goods and services, as well as business investment in new equipment, software, and facilities. Over time, greater demand on the part of households and businesses leads to increased economic activity and employment.

Like other central banks around the world, one way in which we have put downward pressure on longer-term interest rates is by purchasing high-quality, longer-term securities in the open market--specifically, in our case, U.S. government securities and federally backed mortgage securities. It is important to understand that this type of activity isn't the same as government spending. We will sell the securities back into the market or simply allow them to mature as part of the process of tightening monetary policy when the economy improves. In the meantime, we earn interest on the securities we hold. In fact, the Federal Reserve's securities purchases and other actions during and after the crisis have had the side effect of reducing the federal budget deficit. Last year and the year before, we returned a total of $125 billion of those earnings to the U.S. Treasury, and payments to the Treasury in the current year will be substantial as well.

In addition to our monetary policy role, the Federal Reserve shares responsibility with other government agencies for regulating and supervising banks, protecting consumers in their financial dealings, and fostering financial stability. We're working with the other agencies to significantly increase the financial reserves that banks--especially the largest banks that can put the financial system at risk--must hold against possible losses. The Fed and the other agencies also are toughening the restrictions on the kinds of financial transactions that banks can undertake and working to ensure that bankers' compensation packages do not give them incentives to take excessive risks. We are requiring banks to compensate and assist foreclosed-upon homeowners who were unfairly treated. And, importantly, we are working to increase the resilience of the financial system as a whole against financial and economic shocks that may occur in the future. We are also collaborating with the Federal Deposit Insurance Corporation to implement new rules that will make it easier for the government to unwind big financial firms if they get into trouble, rather than being faced with the terrible choice of either bailing them out or risking the collapse of the financial system if they fail.

Of course, the Federal Reserve was never intended to shoulder the entire burden of promoting economic prosperity. Fostering healthy growth and job creation is a shared responsibility of all economic policymakers, in close cooperation with the private sector. Spending and tax policy is of critical importance, but a wide range of other policies--pertaining to labor markets, housing, trade, taxation, and regulation, for example--also have important roles to play.

Financial Protections for Servicemembers
The Federal Reserve, along with the other agencies, is working hard to enforce an array of strengthened regulations that protect mortgage borrowers, credit card holders, and other consumers of financial services. The people in this room should be aware, in particular, of the special rights and protections provided to military personnel by the Servicemembers Civil Relief Act. The law's purpose is to allow servicemembers to perform their duties without worry of foreclosure, eviction, and civil prosecution--under most circumstances. It caps interest rates for debts incurred before a servicemember begins active duty, it prevents creditors from foreclosing on a home or repossessing a car without a court order, it gives servicemembers the option to terminate residential property and motor vehicle leases, it stays civil proceedings while servicemembers are on active duty, and it entitles servicemembers to reinstatement of health insurance that was in effect before their military service began. Additionally, Department of Defense rules regulate the terms of certain kinds of high-cost loans to servicemembers and their families, such as payday loans, tax refund anticipation loans, and motor vehicle title loans.

Advice on Securing and Promising Financial Future
It takes more than rules, however sound, and enforcement, however diligent, to provide you and your families with a promising financial future. While I have the pulpit, so to speak, permit me to offer three pieces of advice. First, while you are in the military, take advantage of training opportunities. Many specific skills learned in the military--nursing and healthcare, mechanics, computer programming, police and security work--transfer to civilian jobs. The military also offers training in various life skills. For instance, this morning I visited the Fort Bliss Army Community Service training center, which offers classes on such financial topics as budgeting, debt management, understanding credit, car buying, and protecting against identity theft. More broadly, according to a recent study, 80 percent of veterans said their military experience helped them get ahead in life.1  They said the experience helped them mature, taught them to work with others, and built their self-confidence. The value of military experience is reflected in the fact that the unemployment rate for veterans tends to be lower than the rate for non-veterans.2 

Second, when you leave the military, take advantage of education benefits for veterans. The Post-9/11 GI Bill pays for tuition and fees, a monthly housing allowance, and books and supplies. Keep in mind that, on average, compared with high school graduates, people with college degrees earn about twice as much and suffer about half the rate of unemployment.3 

Finally, educate yourself about your own personal finances. Research by the Federal Reserve right here at Fort Bliss shows that financial education can pay off.4  Beginning in 2003, the Federal Reserve collaborated with Army Emergency Relief, the U.S. Army's own financial assistance organization, to provide a two-day financial education course, taught by the staff of San Diego City College, to younger enlisted soldiers--mostly men in their early 20s. We surveyed them about their financial history and activities at the time of the course, and we did follow-up surveys in 2008 and 2009 of both servicemembers who had participated in the course and soldiers who had not. We found that soldiers who had taken the course were more likely to make smart financial choices, such as comparison shopping for major purchases, saving for retirement, and educating themselves about money management. They were less likely to make questionable financial decisions, like paying overdraft fees, taking out car title loans, and continually running credit card balances. Making good, well-thought-out financial decisions can make all the difference to your financial future.

I began my remarks by describing some of our country's near-term economic challenges. I want to end by sounding a note of optimism. The U.S. economy remains the largest in the world, with a highly diverse mix of industries and a degree of international competitiveness that, if anything, has improved in recent years. The United States continues to be a great place to do business, with a strong system of laws, an entrepreneurial tradition, and flexible capital and labor markets. And our country remains a technological leader, with many of the world's leading research universities and the highest spending on research and development of any nation.

Ultimately, these strengths will reassert themselves if our country takes the steps that are necessary to prepare for the future--for example, by putting the federal budget on a sustainable path and improving our primary and secondary education system. The Federal Reserve will certainly do its part to help restore high rates of growth and employment in a context of price stability.

Let me end by again expressing my deep gratitude to all of you here for your service to our country. I am happy to respond to your questions.


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Thu, 11/10/2011 - 14:02 | 1866690 Hard1
Hard1's picture

That's just right, screw the people who have been diligent and were "trying" to save for retirement in order to rescue the idiots who will ask for whatever credit they can get, regardless of weather they can afford it.  You are on a roll Tyler.

Thu, 11/10/2011 - 14:20 | 1866744 hedgeless_horseman
hedgeless_horseman's picture



But for a lot of people, I know, it doesn't feel like the recession ever ended. The unemployment rate remains painfully high, and more than two-fifths of the unemployed have been out of work for longer than six months, by far the highest ratio since World War II.


But at least the shareholders of the big banks (my bosses) didn't lose money, and they really haven't since before WWI.  Without people like you, we could not haver maintained our nearly 100 year record of privatizing gains and socializing losses.

Thu, 11/10/2011 - 14:20 | 1866792 Jay Gould Esq.
Jay Gould Esq.'s picture

Bernanke before the troops...

...the Quaestor currying favor with the legions. Interesting indeed.

Thu, 11/10/2011 - 15:05 | 1867010 Cathartes Aura
Cathartes Aura's picture

uni-formed volunteers, they work for the Bernanke & his cronies, not surprising he deigns to speak before them, keeping up morale & loyalty & that feeling of "specialness" as the world economy continues to circle the drain. . .

before you flame me, I return to this meme in the hopes that more people will stop with the "our troops fight terrorism for our freedoms" non-sense, so that more people will not CHOOSE this "heroic" roleplaying going forward, and begin to wake up, choose a side WITH the people, not against them - whatever nationstate they find themselves corralled in.

it's the people against the global "elite" - always has been, time to get straight with who you fight for/with.

Thu, 11/10/2011 - 15:19 | 1867088 Ima anal sphincter
Ima anal sphincter's picture

Very true Mr. Aura.

Thu, 11/10/2011 - 15:37 | 1867187 Cathartes Aura
Cathartes Aura's picture

XX chromosomes Mr. sphincter, but I appreciate your awareness nonetheless.

spread the word, save some lives.

Thu, 11/10/2011 - 22:18 | 1868593 smlbizman
smlbizman's picture

Thu, 11/10/2011 - 15:19 | 1867091 Jay Gould Esq.
Jay Gould Esq.'s picture

Right in the San Francisco Fed's back yard...

Thu, 11/10/2011 - 15:37 | 1867179 Pegasus Muse
Pegasus Muse's picture

What kind of PR gambit is The Bernank playing?  

Banskters never talk to Soldiers unless they are trying to get them to finance something or trying to repo said item a few months later.

Just the facts, sir.

Thu, 11/10/2011 - 20:51 | 1868398 Vlad Tepid
Vlad Tepid's picture

Since the military practically forces overseas service members to bank through BofA, via "Community Bank," he may just be soothing spirits as the Fed/BofA "Operation Liquidity Backstop to Infinity" gets underway so the folks with guns don't use them as pitchforkswhen they realized they arebeing robbed in EVERY conceivable way.

Thu, 11/10/2011 - 22:07 | 1868571 UP Forester
UP Forester's picture

Would have been funny if a troopie asked The Bernank "What's a gallon of milk cost now?"


***cricket, cricket***

Thu, 11/10/2011 - 15:48 | 1867252 johny2
johny2's picture

Maybe he wanted to tell them that they should leave some money for a proper funeral just in case, as it seems that remains of cremated US troops killed in action in Iran and Afganistan were dumped in landfill. 


Thu, 11/10/2011 - 14:23 | 1866814 Nigh Eve
Nigh Eve's picture

Here's another example of how "helpful" the Fed (FOMC) has been for people trying to save:

Hey, how about another slice of delicious Quant Easing?

Thu, 11/10/2011 - 14:26 | 1866832 Hard1
Hard1's picture

I must have gotten junked by an idiot who is maxed out on his credit!

Thu, 11/10/2011 - 14:04 | 1866696 Iriestx
Iriestx's picture

Time for these soldiers to defend their country instead of their government, and start shooting bankers and politicians.  Start with Bernanke.

Thu, 11/10/2011 - 14:09 | 1866743 john39
john39's picture

and please use silver bullets.  helps with vampire types.

Thu, 11/10/2011 - 14:31 | 1866856 Darth..Putter
Darth..Putter's picture

"we at the Federal Reserve have been focusing intently"


With lazer like intent.

Thu, 11/10/2011 - 17:23 | 1867713 r00t61
r00t61's picture

Silver bullets kill werewolves.

Gold bullets kill central bankers.

Thu, 11/10/2011 - 19:44 | 1868223 GOSPLAN HERO
GOSPLAN HERO's picture

U.S. soldiers take an oath to "defend the Constitution of the United States against all enemies both foreign and domestic."

Thu, 11/10/2011 - 22:49 | 1868648 RiverRoad
RiverRoad's picture

I like that "domestic" part.

Thu, 11/10/2011 - 14:03 | 1866697 GeneMarchbanks
GeneMarchbanks's picture
'Bernanke Tells American Soldiers To Make Good Financial Decisions Even As He Routinely Bails Out Those Who Don't'

As in save in 'tradition'?

Thu, 11/10/2011 - 14:03 | 1866700 centerline
centerline's picture

Financial education should begin with a study of "what is money?"

Or maybe a quickie lesson that the Fed is owned by the banks... and the banks own Washington... and therefore, your real Commander in Chief was just talking.





Thu, 11/10/2011 - 14:03 | 1866702 midgetrannyporn
midgetrannyporn's picture

egad. how insulting.

Thu, 11/10/2011 - 14:03 | 1866703 I Got Worms
I Got Worms's picture

His comments in that forum are downright insulting.

Thu, 11/10/2011 - 14:16 | 1866768 midgetrannyporn
midgetrannyporn's picture

The truth would have been even more insulting. That he had the nads to stand in front of that group of fine individuals proves he has no conscience.

Thu, 11/10/2011 - 14:53 | 1866953 DaveyJones
DaveyJones's picture

only humans have a conscience

Thu, 11/10/2011 - 14:03 | 1866704 The Deleuzian
The Deleuzian's picture

Ben!  There are countless questions!

Thu, 11/10/2011 - 14:04 | 1866712 sabra1
sabra1's picture

 Greece Hit by Magnitude 5.2 Quake (Developing)

Thu, 11/10/2011 - 14:15 | 1866772 GeneMarchbanks
GeneMarchbanks's picture


Thu, 11/10/2011 - 15:02 | 1866995 bnbdnb
bnbdnb's picture

Greece being destroyed by EQ is SO natural QE.

Thu, 11/10/2011 - 14:04 | 1866713 The Fonz...befo...
The Fonz...before shark jump's picture

Bernake is 10 lbs of shit in a 5 lbs bag


Thu, 11/10/2011 - 14:15 | 1866764 SheepDog-One
SheepDog-One's picture

How tall ARE you Bernank!

5 foot 11 sir!

I didnt know they could stack shit that high! You sure youre not trying to squeeze in an extra inch there maggot?

Thu, 11/10/2011 - 14:52 | 1866948 I Am The Unknow...
I Am The Unknown Comic's picture

Love the FMJ reference SD-1

Well, at least now the troops know how much space Benny would take up at Gitmo

Thu, 11/10/2011 - 15:13 | 1867049 pods
pods's picture

I betcha the best part of him ran down the crack of his momma's ass and ended up as a brown stain on the mattress!


Thu, 11/10/2011 - 14:05 | 1866719 NEOSERF
NEOSERF's picture

And if you are anyone with half a brain with an underwater home the decision to "live for today" and go to the mall seems easier than it was when you could save either in your home, savings account or stock market and actually have a shot at this point not living well today to not live well tomorrow doesn't seem like a good option

Thu, 11/10/2011 - 14:27 | 1866838 Mariposa de Oro
Mariposa de Oro's picture

 go to the mall

I go to the coin store.


Thu, 11/10/2011 - 14:05 | 1866720 keepusfree
keepusfree's picture

He'd better kiss up to the military. Once they understand what he and his ilk are doing to their country, he's toast. Some of them already understand, and they're using THEIR extra cash to donate to Ron Paul.



Thu, 11/10/2011 - 14:05 | 1866721 baby_BLYTHE
baby_BLYTHE's picture

Without QE2 and the FED's purchase of nearly 80% of all government bonds a very good case can be made that the overseas empire is running on nothing other than 'printed' fiat benny bucks. As Ron Paul says, If the FED couldn't manipulate interest rates, rates would go up and we would be forced to make cuts in an instant. In the future people will be scratching their heads as to why we thought we would be able to continue to get away with this.

Thu, 11/10/2011 - 14:12 | 1866759 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

In the future people will be wondering why they didn't vote for Ron Paul.

Thu, 11/10/2011 - 15:04 | 1867002 DaveyJones
DaveyJones's picture

why we weren't in the streets.

Thu, 11/10/2011 - 14:05 | 1866725 LawsofPhysics
LawsofPhysics's picture

Completely amazed he was able to walk away alive from that meeting.  These families must have been pre-screened.

Thu, 11/10/2011 - 14:32 | 1866864 XitSam
XitSam's picture

I'm sure they were. Officer's and Senior NCO's spouses that know not to screw up their spouses career. Any junior enlisted present would be selected for their prior "don't rock the boat" behavior.

Thu, 11/10/2011 - 14:06 | 1866726 Roland99
Roland99's picture

whatever he said in the rest of the speech was embraced with loving arms by the markets. treasuries selling off after 30-year auction, too.


Thu, 11/10/2011 - 14:30 | 1866853 optimator
optimator's picture

Did he talk about his own military service, and the military service of the Fed members?  4F or deferrments?

Thu, 11/10/2011 - 14:06 | 1866729 Ratscam
Ratscam's picture

What an honorable cock sucker Ben Shalom Bernanke.
Shame on you!

Thu, 11/10/2011 - 14:07 | 1866731 InconvenientCou...
InconvenientCounterParty's picture


I'm a banker and I'm here to help.

If gov't regulations would be eased from the current oppressive levels, we can continue to innovate our way out of this; getting GDP back up and gasoline, beer and iPad prices down where they belong.

(smiles, revealing a single gold crowned tooth.)

Thu, 11/10/2011 - 14:10 | 1866749 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I was just watching Bernanke in El Paso.  I had to turn it of after a few minutes.  An "economist" lecturing our soldiers is just pitiful.

Thu, 11/10/2011 - 14:10 | 1866750 Orange Pekoe
Orange Pekoe's picture

Bernanke: "Federal Reserve is charging you 10 cents per year per dollar. You should be responsible with the other 90 cents. You're welcome. Thank you for shopping at Federal Reserve."



Thu, 11/10/2011 - 14:10 | 1866751 vintageyz
vintageyz's picture

Too bad the troops didn't have target practice scheduled for just after

Thu, 11/10/2011 - 14:11 | 1866756 Motorhead
Motorhead's picture

WTF, are you kidding me?  The Fed chairman talking to the troops?  That has to be a first, and why?  And oh, I'm sure that's a real boost to the troops' morale.  Ben's "fireside chats" are next, eh? 

Thu, 11/10/2011 - 14:14 | 1866767 SheepDog-One
SheepDog-One's picture

Yea really....WTF??

Thu, 11/10/2011 - 14:43 | 1866906 Mariposa de Oro
Mariposa de Oro's picture

Aren't many soldiers Ron Paul supporters?  Isn't Ron Paul the anti-Federal Reserve?  Isn't there an anti Federarl Reserve Awakening moving through the sheeple herd?  Looks to me like the Bernanke is trying to win over the people who will be asked to defend him with their lives.  But what do I know.  I'm just a dumb bug.

Thu, 11/10/2011 - 22:44 | 1868633 RiverRoad
RiverRoad's picture

You're a lot smarter than you think.  Some background info here:  USAA was royally pissed off at the major banks re the way militarily personnel have lost their homes when sent over seas and were faced with situations in which they were unable to make their mortgage payments.  Major banks = Fed. and MAJOR reason for the armed services tremedous contributions and support of Ron Paul.  The Fed's NOT political?????   Oh, gag me with a spoon.

Thu, 11/10/2011 - 14:12 | 1866761 magpie
magpie's picture

Meet your real C-in-C day.

Thu, 11/10/2011 - 14:15 | 1866770 sabra1
sabra1's picture
Bernanke Tells American Soldiers To Make Good Financial Decisions, Even As We Plunder Your Pensions, And Kill You Off To Keep You Quiet! 

Thu, 11/10/2011 - 14:18 | 1866784 kaiserhoff
kaiserhoff's picture

First, he should explain what an arrogant, unelected Jew is doing squandering trillions of dollars and their children's futures. 

Thu, 11/10/2011 - 14:24 | 1866817 paterphysi
paterphysi's picture

Another idiot blaming the Jews. God, you're pathetic. It is people like you who, through your idiotic, immature, antisemitism, lead people to defend corrupt people like Bernanke.

Thu, 11/10/2011 - 14:32 | 1866863 kaiserhoff
kaiserhoff's picture

Some of us will stop pointing out that they all ALL JEWS, when they are no longer ALL JEWS.

The problem of the Jews has nothing to do with religion.  It is that they are a tribe, hiding behind a superstition.  A well organized, largely invisible minority, can always roll the majority.  Study some history and we'll have this conversation again.

Thu, 11/10/2011 - 14:44 | 1866914 paterphysi
paterphysi's picture

Seig Heil Kaiser, you stupid ignorant Nazi.

Thu, 11/10/2011 - 15:30 | 1867138 baby_BLYTHE
baby_BLYTHE's picture

2% of the population = 45% of our Supreme Court. Over represented much?

Thu, 11/10/2011 - 15:35 | 1867177 paterphysi
paterphysi's picture

Seig Heil! I bet you long for a return to the camps. I thought this was Zero Hedge, not Storm Front.

Thu, 11/10/2011 - 15:42 | 1867200 baby_BLYTHE
baby_BLYTHE's picture

work camps were a normal part of WWII. We even had them here in the United States to house the Japs while we were over bombing the living daylights out of them. As unpleasent as the truth may be, how am I a Nazi for pointing this out?

Thu, 11/10/2011 - 15:45 | 1867224 paterphysi
paterphysi's picture

You're a Nazi because your default reaction is to blame the Jews. That's pathetic. Plus you're basically being an apologist for Nazi death camps. Yeah, you are sad and twisted person.


How's that master race working out for ya?


Have a nice day!

Thu, 11/10/2011 - 15:57 | 1867287 baby_BLYTHE
baby_BLYTHE's picture

Both World War I and World War II were unnessary and fought on phony pretexts. Every death resulting from the war is tragic. All 70 million of them including the 6 million Jews in that number. You do know Jews fought in Hitler's army, correct?

Thu, 11/10/2011 - 16:02 | 1867307 paterphysi
paterphysi's picture

I am not surprised that you twist facts to fit your world view. Or maybe you just don't understand facts? But whichever, you are an apologist for the death camps and a Nazi. A Ron Paul supporter too! I feel bad that Paul's good name has to be besmirched but loons such as you being behind his cause.


I bet you don't get the irony behind Belsen was a Gas.

Good luck with your master race.



Thu, 11/10/2011 - 15:34 | 1867175 tamboo
tamboo's picture

heh heh except the joo banksters funded the nazis too.

they create conflict and fund both sides to maximise slaughter and profit.

thank you thugs for slaughtering your brothers and destroying resources

on our behalf. shalom sheeple!


"In 1933 Mr. Bernard J. Brown wrote, “Being consciously Jewish is the lowest kind of chauvinism, for it is the only chauvinism that is based on false premises.” The premises are those of the Talmud-Torah; namely, that God promised a certain tribe supremacy over all enslaved others in this world, and exclusive inheritance of the next world in return for strict observance of a law based on blood sacrifice and the destruction or enslavement of the lesser breeds without this Law. Whether Talmudic chauvinism or Zionist chauvinism (I believe either term is more correct than Mr. Brown's “Jewish chauvinism”) is or is not “the lowest kind” of chauvinism, these fifty years have shown that it is the most violent kind yet known to man.


Thu, 11/10/2011 - 18:24 | 1867976 lotsoffun
lotsoffun's picture

there are good things here and bad things, the fact of the matter is, the jews are an extremely powerful minority.  and - if you are a minority as such, it does help you to know where it is you stand relative to the stereotypes and prejudices against you.  and this bernake is one arrogant fking ...


Thu, 11/10/2011 - 14:43 | 1866908 Dr. Richard Head
Dr. Richard Head's picture

This is my printer

This is my gold

This is for stealing

This won't be sold

Thu, 11/10/2011 - 14:16 | 1866777 PaperBear
PaperBear's picture

Gold/silver coming back yet again and time to get gold back over $1,800/oz and silver back over $35/oz.

Thu, 11/10/2011 - 16:22 | 1867378 Conax
Conax's picture

The CBs hold mucho gold- they tend to let it run sometimes. Silver is staggering about trying to make it to 34.  It's such a small market they can clamp it down like swatting a fly.

"It vexes me, I'm terribly vexed." 

Thu, 11/10/2011 - 14:17 | 1866779 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Greece was just hit by a 5.2 mag earthquake.....

They are sure getting frequent, ain't they.

Thu, 11/10/2011 - 14:57 | 1866976 dexter_morgan
dexter_morgan's picture

must be too much fracking going on over there.........

Thu, 11/10/2011 - 23:01 | 1868695 RiverRoad
RiverRoad's picture

Getting downright biblical.  What's next.....Frogs?

Thu, 11/10/2011 - 14:18 | 1866783 SmoothCoolSmoke
SmoothCoolSmoke's picture

Speech over........... jack markets.  Dow jumps 60 in 5 mins.  Too funny

Thu, 11/10/2011 - 14:33 | 1866867 optimator
optimator's picture

Could be he didn't have his finger on the button while giving that speech.

Thu, 11/10/2011 - 14:19 | 1866787 Astute Investor
Astute Investor's picture

Bernanke is such a duplicitous POS.  To paraphrase John Mitchell, it's more important to watch what people do versus what they say.  It should be anyone's SOP when evaluating any sound bite from the TPTB.

Thu, 11/10/2011 - 14:21 | 1866798 nobusiness
nobusiness's picture

Bernake "Fuck you soldiers, pay your fucking bills and save a few pennies a month.  I only care about the banks"

Thu, 11/10/2011 - 14:45 | 1866920 Dr. Richard Head
Dr. Richard Head's picture

Bernanke should be thanking these troops for being cannon fodder for his traveling printing circus show of theft.

Wars have winners and losers, but the bankster funds both sides.

Thu, 11/10/2011 - 14:22 | 1866807 bob_dabolina
bob_dabolina's picture


Buy /ES if your don't want your dismembered corpse to end up in a landfill 


Thu, 11/10/2011 - 14:22 | 1866809 ArkOmen1
ArkOmen1's picture

Did he tell the soldiers to buy gold and silver? How can you save when the "money" you're being issued & earning isn't sound money, and does not even fit the definition of money? It is amazing how propagandized the minds are of the poor American people. Scary really.

Now the Pentagon wants to get involved in protecting the Federal Reserve Note? Huh? When these monetary controllers who issue unlimited, unbacked fiat currency to the citizenries of countries, now have influence over the military to "protect" their fraudulent and corrupt issuance, as well as prevent you from protecting yourself from their insanity, this is is the most pure definition of tyranny. WAKE UP!!!

Thu, 11/10/2011 - 14:48 | 1866934 Dr. Richard Head
Dr. Richard Head's picture

It's even more amazing when someone educated about the differences between money and currency tells those poor uneducated American people (I was one of them) aboutthe difference between the two.  This is no easy path at this point.

Thu, 11/10/2011 - 14:58 | 1866977 MachoMan
MachoMan's picture

So you think it's something new that the pentagon wants to get involved in protecting the FRN?  geez... 

Thu, 11/10/2011 - 14:23 | 1866813 812
812's picture

Avenida revolution!!!! Power Law - Pareto

Army of zombie slaves with their graves foreclosed by the FED associates.
United Nations For Exploitation BITCHEZZZZZZ!!!! Wake UP!

Thu, 11/10/2011 - 14:24 | 1866816 PaperBear
PaperBear's picture

Why do people listen to this guy ?

He did not see the crisis coming when there was plenty of others who did.

Thu, 11/10/2011 - 14:26 | 1866831 SheepDog-One
SheepDog-One's picture

None of em ever saw it coming, all those who are still in charge with all the answers.

Thu, 11/10/2011 - 23:04 | 1868705 RiverRoad
RiverRoad's picture

Didn't see it coming 'cause he was deliberately looking the other way.

Thu, 11/10/2011 - 14:24 | 1866820 marcusfenix
marcusfenix's picture

when I first saw this I seriously thought it was satire, or a parody...but as is becoming the norm in today's mad world "you can't make this shit up".

but I guess the troops finally got to meet, face to face, the head bankster in charge.

Thu, 11/10/2011 - 14:25 | 1866823 SheepDog-One
SheepDog-One's picture

So now theyll ramp these broken markets back to 12,200 and wipe out all the drop from yesterdays disastrous news days of confirmed western world economic what a difference 12 hours makes huh.

Thu, 11/10/2011 - 14:26 | 1866834 nobusiness
nobusiness's picture

Bernacke "My fellow bankers and I are laying the groundwork for WWIII, I will run and hide while you fight and die for another war of convenience"  "Please prepare accordingly"

Thu, 11/10/2011 - 15:07 | 1867022 e-recep
e-recep's picture

We must find a "Lösung" for this bankers and usurers problem.

Thu, 11/10/2011 - 14:30 | 1866854 Seasmoke
Seasmoke's picture

sounds like a real conflict of interest

Thu, 11/10/2011 - 14:31 | 1866855 bill1102inf
bill1102inf's picture

Bernake is lucky the soldiers do not show up for him and hang him from a lamp post.

Thu, 11/10/2011 - 14:32 | 1866858 The Fonz...befo...
The Fonz...before shark jump's picture

kissing ass to the military next up, kissing ass to police forces....the subtext to his little chat with the soldiers?


the fed will look after you, dont worry, the people wont look after you...the fed will look after you...because we care about you and your financial well being

Thu, 11/10/2011 - 14:36 | 1866880 Moe Howard
Moe Howard's picture

As a retired soldier, may I say, fuck you Federal Reserve.

Thu, 11/10/2011 - 15:13 | 1866881 Shadowsil
Shadowsil's picture

Call me a conspirator or an idiot, but I dont think you all really understand why he is there.

Everything he has said, has alrady been said at one point and time and or you can look it up.  Him physically showing up to give a fucking finance update to the military on the world economy is not the real reason why he is there. ( do you really believe this guy has this much free time on his hands for just giving a finance class? He has fucking chaos all on his paperwork for the day every day.)

IMO this is to alleviate the basic mindset of what the majority of the military think of the fucking bullshit  that is our goverment and all this shit they have been pulling on us for decades.

It also serves a secondary purpose, to help the next elected official for presidency have the backing of the U.S Military instead of the other way around...


There are assloads of Active, retired, guard, reserve etc who support the foundation of our Constitution, and when they sign the fucking dotted line with the U.S Gov't they expect the Gov't to do what the Fucking constition says also( lead by example)


If anything were to happen in America, sadly for those in Washington it would not receive the majority support of our Military and they fucking know this...


 Look whats going on around you, people are pissed all the time everyday.. hell for that matter just look at our website here that we frequent all the time and read the comments. The Feds know people are fed up with this shit and are trying to diffuse the situation before it gets worse.. Social unrest is a motherfuka.



Thu, 11/10/2011 - 14:39 | 1866888 faustian bargain
faustian bargain's picture

"controlling inflation"...that lie just makes me want to break things. Gawd, central planners are assholes.

Thu, 11/10/2011 - 14:41 | 1866892 SamAdams1234
SamAdams1234's picture

When are the Amerikan meat puppets going to Iran to protect the *ahum* oil fields?

Thu, 11/10/2011 - 14:41 | 1866893 SamAdams1234
SamAdams1234's picture

When are the Amerikan meat puppets going to Iran to protect the *ahum* oil fields?

Thu, 11/10/2011 - 14:43 | 1866907 docmac324
docmac324's picture

He is preparing to run for political office.  It's the only reason to address the military, in uniform.  Total PR stunt.

Thu, 11/10/2011 - 14:47 | 1866931 f16hoser
f16hoser's picture

The average family can't make a good financial decision when "Numb-Nuts" like Bernanke keep inflating the dollar. Our Economy is based on Debt and Pork-Belly Politicians. There is only one financial decision: Take all your money out of the stock market and retirement accounts "Now" and buy physical Gold/Silver. Nuff Said.

Thu, 11/10/2011 - 15:07 | 1867023 MachoMan
MachoMan's picture

I think the average family is inherently incapable of making good financial decisions on a long enough time line...  people like the Bernak exploit this inherent deficiency...  this is why when the credit is extended, it is ALWAYS eventually taken.

Do you blame the drug addict or the drug dealer?

Thu, 11/10/2011 - 15:00 | 1866942 Use of Weapons
Use of Weapons's picture

Sigh. How I hate the obvious tells - I'm of a mind that the old guard need replacing by some more sophisticated software agents.

Let me break it down:

Fort Bliss talking to soldiers = Elysium fields [double pun, Greek paradise for Heroes only, but also a phonetic take on I-lies-em - there's also a joke within the original Greek and Bernanke, but we'll not go there].


Aka, "Thanks for Serving - you're totally fucked now, but hey... here's a flag and some cheering cattle to make it all worth while, please don't side with those nasty Unpatriotic anarchists in OWS and anonymous blogs who tell you any different. Oh, and you're going to be unemployed for the next 10 years".



That the highest Priest in the land has to give the address says a lot. Scared in the sacred halls we are.

Thu, 11/10/2011 - 14:52 | 1866949 dexter_morgan
dexter_morgan's picture

Is this unprecedented? I can't recall any FRB types speaking to the troops.........

Wonder what it means, what TPTB are thinking here.

Thu, 11/10/2011 - 14:54 | 1866963 Use of Weapons
Use of Weapons's picture

See a single post above yours.

Thu, 11/10/2011 - 15:01 | 1866983 dexter_morgan
dexter_morgan's picture

"Aren't many soldiers Ron Paul supporters?  Isn't Ron Paul the anti-Federal Reserve?  Isn't there an anti Federarl Reserve Awakening moving through the sheeple herd?  Looks to me like the Bernanke is trying to win over the people who will be asked to defend him with their lives.  But what do I know.  I'm just a dumb bug."

This one from a poster (Mariposa de Oro) a while back may be on target.

Thu, 11/10/2011 - 15:05 | 1867005 Use of Weapons
Use of Weapons's picture

Ron Paul isn't a solution, nor could he ever take the stand, or be allowed to - in simple terms, he lacks support from those who count. Hint: Electoral College determines the winner, not votes. JFK had a far greater appeal, and was part "of the family / club" [hint: look up where the patriarch made his money - 1929 / 30's crash] and he got whacked.


RP won't even make it to the ballet box. Time to stop fooling yourself, and get real. There's no great white libertarian hope, and there never will be.

Thu, 11/10/2011 - 15:08 | 1867027 dexter_morgan
dexter_morgan's picture

We'll see.

Thu, 11/10/2011 - 15:11 | 1867043 Use of Weapons
Use of Weapons's picture

You're either a shill or a fool.


Either way, you're totally clueless about the realities of the world.


Hope is fine: as long as your hope is about the real world, not unicorns, fairies and elves.

Thu, 11/10/2011 - 15:13 | 1867054 dexter_morgan
dexter_morgan's picture

Have to admit he has been shaping much of the debate this election season, as well as being about 100% correct on his predictions of our financial situation and reasons for it. Is there a better alternative? Obama? Romney? peas on a pod.

As far as being a shill, no - fool maybe. Can't all be awesome and self-righteous like you brother.

Thu, 11/10/2011 - 15:18 | 1867081 Use of Weapons
Use of Weapons's picture

The truth is useless. You have to understand this right now. You can't deposit the truth in a bank. You can't buy groceries with the truth. You can't pay rent with the truth. The truth is a useless commodity that will hang around your neck like an albatross all the way to the homeless shelter. And if you think that the million or so people in this country that are really interested in the truth about their government can support people who would tell them the truth, you got another thing coming. Because the million or so people in this country that are truly interested in the truth don't have any money. Jeb Bush.


Elected Florida, where George got his recount, chads and electoral win.



Fucking grow up already - it is shameful a grown man doesn't face the truth. Especially in light of TPTB manipulating veterans because they're afraid of the 50k who are coming back. Get a back bone.


Fucking revolt.

Thu, 11/10/2011 - 15:25 | 1867128 dexter_morgan
dexter_morgan's picture

Ok, so now the truth is useless, but yet I have to wake up to face the truth and grow up all at the same time while revolting, OK, gotcha...................

Thu, 11/10/2011 - 15:31 | 1867157 Use of Weapons
Use of Weapons's picture

Yeah, you're a shill. Fuck off and die. If a paid member of the cartel tells you "truth is useless", you instantly know that the truth is worthwhile, but within the system they control, will never see the light of day.

Any thinking man would have grasped that those who rule you have no respect for truth (LOL - try viewing the SEC findings) - hint:



Thu, 11/10/2011 - 15:48 | 1867251 dexter_morgan
dexter_morgan's picture

LOL - deep.....very deep

Thu, 11/10/2011 - 15:57 | 1867291 Use of Weapons
Use of Weapons's picture

Deeper than vainly putting a chad into a box and thinking that your own echo-chamber on the internet is real.

Your best bet, at this time, is to go talk to some OWS peeps. If you find them ignorant and foolish... well... talk to them.

Libertarian young guy, being feted but at least he's got passion:




And yes: he might be a plant. But fuck me, he's 1000% more eloquent and wired up than the Republican debate. OWS is not all hippies - go make your mark. And take the military with you.

Thu, 11/10/2011 - 15:34 | 1867174 karzai_luver
karzai_luver's picture


What is wrong with you?

CONfidence, recall the whole thing , the whole ponzi b.s. , the whole country is built on CONfidence, truth justice ....blah blah blah , I am tired of laughing so just stop it ok.

Luv you Joe.



Thu, 11/10/2011 - 15:30 | 1867150 Mariposa de Oro
Mariposa de Oro's picture

Ron Paul doesn't have to win to be a problem to TPTB.  All he has to do is win over the masses and the military, which btw, he's pretty much doing.   If RP's momentum keeps building and the masses/military get wise to the fact that tptb will ensure RP NEVER gets in power/office, what do you think the reaction will be?  Who will tptb call up to defend them?  It will be the military.  You should think on that for a minute or two.

Thu, 11/10/2011 - 15:33 | 1867163 Use of Weapons
Use of Weapons's picture

Already been modeled.


He won't even get 5% of the vote. Echo chamber alert - MSM cattle outnumber you 10,000,000 - 1. And that's being generous.

Thu, 11/10/2011 - 15:53 | 1867275 Use of Weapons
Use of Weapons's picture

Awww... to my mass-junker.


Reality alert.


USA: Population 320,000,000.

Average Ron Paul website poll: 4,000.


Yes, we'd a love it if it was these odds:


Sadly.. that's last two generations, fuckwits.



Thu, 11/10/2011 - 15:55 | 1867280 Mariposa de Oro
Mariposa de Oro's picture

Absolutely they out number me, AT THIS TIME.  Once many more of them are sent to the financial slaughterhouse, that will change.  Granted, most of them will never understand who is responsible for their ruin, however, all that's required is that they be angry and troublesome.  Look at all the different viewpoints found in the OWS protesters.  Most of them don't have a clue, but they're out there protesting and causing a problem for the ptb.   Use your imagination to figure out where this will lead  to year from now.  The economy will not recover and will only continue to collapse.  More and more sheep will lose damn near everything.  Agitators from various groups will fan the flames.  Even the government understands where this is headed.  Look at DHS and all the programs and equipment they are implementing.  Look at the police state legislation that Congress/Obama are passing.  This doesn't stand out to you?

Thu, 11/10/2011 - 15:32 | 1867158 baby_BLYTHE
baby_BLYTHE's picture

RP won't even make it to the ballet box. Time to stop fooling yourself, and get real. There's no great white libertarian hope, and there never will be.


Then we are doomed and will not be able to prevent the collapse that is coming

Thu, 11/10/2011 - 15:46 | 1867199 Use of Weapons
Use of Weapons's picture

You can join the other branch of humanity. Evolve. All the tools are there, and they welcome you.

And "God knows" how much flak I get for neutering myself through drugs to stay on this level. Contempt isn't the word - only a while back I had a few of them overtly stating "you're dead" to me.1 But, hey... fuck you: sterile mule turns out to be a well hidden and camouflaged predator. And I love even the of the world.


Scum of the universe - someone has to love you... even if it involves a lightsabre.

  • 1. Note: direct statements of intent not masked by double meanings are an anathema to us/them, and was a direct statement of disagreement with how I was acting. Silly ones, couldn't see the big picture. But yeah, fairly serious people wishing me death for my stance. Ho-hum.
Thu, 11/10/2011 - 16:22 | 1867376 lesterbegood
lesterbegood's picture

An act of desparation by the Fed?

I doubt he will get much support from the US military. Who wants to fight for fraud?

Thu, 11/10/2011 - 14:53 | 1866955 Taffy Lewis
Taffy Lewis's picture

"Of course, the Federal Reserve was never intended to shoulder the entire burden of promoting economic prosperity."

He is pure evil.


Thu, 11/10/2011 - 15:04 | 1867004 Taffy Lewis
Taffy Lewis's picture

Traditional turkey dinner costs 13% more than a year ago

Move along people - no inflation here. Food and energy don't count.

Ben, you evil piece of shit.

Thu, 11/10/2011 - 18:34 | 1868020 lotsoffun
lotsoffun's picture

he really is a bad man.  he only cares about proving that his economic theorys are correct.

be patient.  he's toast.  he really is and he is starting to know that.



Thu, 11/10/2011 - 15:05 | 1867008 Mediocritas
Mediocritas's picture

Bernanke is VERY brave standing in front of soldiers and telling them to make sound financial decisions. One of them might interpret that as: "take aim, FIRE". :-p

Thu, 11/10/2011 - 15:13 | 1867055 LauraB
LauraB's picture

Peter Barnes on FBN interviewed two of the soldiers after Bernanke's speech.  The scary part was that the one guy's take away from Bernanke's speech was that mortgage interest rates are low so he should run out and buy a house. 

Thu, 11/10/2011 - 15:21 | 1867097 Use of Weapons
Use of Weapons's picture

With their pensions, I do hope he recommended the $500 Detroit option.

Thu, 11/10/2011 - 15:21 | 1867102 ziggy59
ziggy59's picture

Were any soldiers allowed to carry their guns into the speech?

Thu, 11/10/2011 - 15:21 | 1867110 I am a Man I am...
I am a Man I am Forty's picture

They could have given the soldiers a mother fucking day off, but no, mother fucking Bernanke is in town, let's have our soldiers listen to some monetary mother fucking policy.

What asshole scheduled this shit with the soldiers, to listen to some unelected fuck that is working for an organization that is destroying our country.  Geezus effin christ.

Thu, 11/10/2011 - 15:37 | 1867182 karzai_luver
karzai_luver's picture

Must be cause of the Mean Green's b/day , i guess.



Thu, 11/10/2011 - 15:30 | 1867148 AldoHux_IV
AldoHux_IV's picture

The men and women who serve (and their families) shouldn't have to deal with this kind of mental tortue and be lied to after their shared sacrifices in fighting the wars of corrupt policymakers.

May they have the insight to realize that the fed is not there to help them nor anyone else outside of the financial institutions-- some of which that have stolen funds from veterans.


Thu, 11/10/2011 - 15:30 | 1867149 azzhatter
azzhatter's picture

Take a suck Benny

Thu, 11/10/2011 - 18:44 | 1867152 LauraB
LauraB's picture

My first thought when I saw an article about Bernanke visiting the troops this morning was ... Does the military's support for Ron Paul have the Fed running scared?  Are they concerned that when it all comes tumbling down these soldiers will uphold their oath to protect and defend the Constitution and the rights of the American people rather than follow orders to protect the banking and political elite? 

This appearance at a military base by Bernanke shows that Ron Paul is not as irrelevant as the media makes him out to be.  It demonstrates the power of Ron Paul to influence the direction of the country on significant issues, such as monetary policy. 75% of Americans support a full audit of the Fed.  The military supports Ron Paul more than all of the other Republican candidates combined and more than Obama.  Ron Paul is polling well everywhere.  Despite what the media says, Ron Paul can win!  The banking and political elites know it and they are scared.

Thu, 11/10/2011 - 23:16 | 1868747 RiverRoad
RiverRoad's picture

+ 1,000

Thu, 11/10/2011 - 15:46 | 1867225 UTICA CLUB XX PURE

but they shouted, saying, Crucify him. Crucify him. Crucify him.

LUKE 23:21

Thu, 11/10/2011 - 16:00 | 1867301 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

Bernanke is just doing what Dubya did,and try and get cheap publicity and boost his image to "patriotic Americans" who despite being a dwindling majority,still think that the US should be fighting phoney wars against "terrorism" for no good reason in Iraq, Afghanistan and next Iran.

To those who think the American people deserve better of their political leaders, just have alook at what might be leading you into WWIII with Iran-at least Reagan had the excuse of early stage Alzheimers,what's Rick Perry's excuse? To me,he is a perfect example of the political class that are only their to their masters bidding,whether he comes across as a complete and utter incompetent clown doesn't matter,you either vote for him or someone else just like him,!

Thu, 11/10/2011 - 16:28 | 1867404 Eireann go Brach
Eireann go Brach's picture

I will say this as nicely as I can...FUCK you Bernanke! A few of these well trained marines need to take you out back and make you squeal like a pig!

Thu, 11/10/2011 - 17:26 | 1867734 blindman
blindman's picture

18 veterans commit suicide each day
By Rick Maze - Staff writer
Posted : Thursday Apr 22, 2010 14:56:43 EDT

Thu, 11/10/2011 - 17:39 | 1867803 Bansters-in-my-...
Bansters-in-my- feces's picture

You delusional FuckTard Bernanke...!!!!

The sooner you stop breathing,the better off the world will be....

In case you can't feel the sentiment......see above. FuckTard.

Thu, 11/10/2011 - 17:42 | 1867818 Quantum Nucleonics
Quantum Nucleonics's picture

This speech should be setting off alarm bells.  This is essentially a political stump speech by the head of an obstinately non-political (please, stop laughing) institution .  Who is he stumping for?  The Fed, the Administration, both?  It appears to me that the Fed Chairman now sees himself as the head of a fourth branch of government.  That's a dangerous shift in our basic system of government and a diminution of our liberty.

Thu, 11/10/2011 - 17:46 | 1867836 Bansters-in-my-...
Bansters-in-my- feces's picture

"with a strong system of laws".........(USA)

Okee Dokee, you cum swallowing fucktard.

For the sheeple you must mean.

Thu, 11/10/2011 - 18:01 | 1867877 blindman
blindman's picture

But for a start, we need to talk more about getting soldiers through the times when they are lost and humiliated and in pain. We need to offer meaningful jobs. And focus on re-connecting Soldiers and their community.

Read more:

spc albert godding removes the firing pin,  the fed supplies many new ones.

first fiddle



Thu, 11/10/2011 - 18:01 | 1867878 YesWeKahn
YesWeKahn's picture

my advice to Bernanke: fu ck off.

Thu, 11/10/2011 - 21:07 | 1868439 dolph9
dolph9's picture

Fuck Bernanke and the Jewish control of our money.

Sorry, Jews, this gentile isn't going to lift one finger much less take a bullet for you, or your precious Israel.

Fri, 11/11/2011 - 04:12 | 1869209 slvrizgold
slvrizgold's picture

The best decision soldiers could make would be to HONOR THEIR OATH TO PROTECT THE CONSTITUTION AGAINST ENEMIES - foreign AND *DOMESTIC*!!!    Come back home, fuck shit up, and make politician and bankster criminals more scared than Joox in 1939 Germany.

Fri, 11/11/2011 - 14:04 | 1870368 blindman
blindman's picture
WikiLeaks releases secret video of journalists, civilians killed in Baghdad
Posted on November 11, 2011 by maxkeiser

Do NOT follow this link or you will be banned from the site!