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

Tyler Durden's picture

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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.

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.

Jay Gould Esq.'s picture

Bernanke before the troops...

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

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.

Cathartes Aura's picture

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

spread the word, save some lives.

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.

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.

UP Forester's picture

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

 

***cricket, cricket***

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. 

 

Nigh Eve's picture

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

http://www.usatoday.com/money/economy/inflation/story/2011-11-10/Thanksgiving-dinner-preparation-costs/51152650/1

Hey, how about another slice of delicious Quant Easing?

Hard1's picture

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

Iriestx's picture

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

john39's picture

and please use silver bullets.  helps with vampire types.

Darth..Putter's picture

"we at the Federal Reserve have been focusing intently"

 

With lazer like intent.

r00t61's picture

Silver bullets kill werewolves.

Gold bullets kill central bankers.

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."

RiverRoad's picture

I like that "domestic" part.

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'?

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.

 

 

 

 

midgetrannyporn's picture

egad. how insulting.

I Got Worms's picture

His comments in that forum are downright insulting.

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.

DaveyJones's picture

only humans have a conscience

The Deleuzian's picture

Ben!  There are countless questions!

sabra1's picture

 Greece Hit by Magnitude 5.2 Quake (Developing)

The Fonz...before shark jump's picture

Bernake is 10 lbs of shit in a 5 lbs bag

 

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?

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

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!

pods

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 retirement...at this point not living well today to not live well tomorrow doesn't seem like a good option

Mariposa de Oro's picture

 go to the mall

I go to the coin store.

;)

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.  http://thereaganwing.wordpress.com/2011/11/06/why-ron-paul-supporters-se...

 

 

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.

Mr Lennon Hendrix's picture

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

DaveyJones's picture

why we weren't in the streets.

LawsofPhysics's picture

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

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.

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.

 

optimator's picture

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

Ratscam's picture

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

InconvenientCounterParty's picture

Hi.

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.)

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.

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."

 

 

vintageyz's picture

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