This page has been archived and commenting is disabled.

Live Webcast Of Politician Bernanke Explaining Open-Ended QE Two Months Before The Election

Tyler Durden's picture




 

This is the last Bernanke conference that people will actually pay attention to, as we now know going forward everything that the FOMC will do. He better make it count.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 09/13/2012 - 14:01 | 2790874 Parabolic
Parabolic's picture

Where is Graham Summers now Bitchez??

Thu, 09/13/2012 - 14:02 | 2790886 YuropeanImbecille
YuropeanImbecille's picture

GOTTO LOVE THIS DUDE! MY PM's LOVE HIM AND SO DO I!!!

 

YEEEHAAA!

Thu, 09/13/2012 - 14:06 | 2790932 malikai
malikai's picture

I just checked again, and I can confirm: You cannot print gold, silver, or oil.

Thu, 09/13/2012 - 14:08 | 2790948 AN0NYM0US
AN0NYM0US's picture
Open Letter to Ben Bernanke

The following is the text of an open letter to Federal Reserve Chairman Ben Bernanke signed by several economists, along with investors and political strategists, most of them close to Republicans:

We believe the Federal Reserve’s large-scale asset purchase plan (so-called “quantitative easing”) should be reconsidered and discontinued...

http://blogs.wsj.com/economics/2010/11/15/open-letter-to-ben-bernanke/

Thu, 09/13/2012 - 14:11 | 2790963 Atlas_shrugging
Atlas_shrugging's picture

Come on guys, can't you all see that today's market ramp is pure evidence that the Obama Administration's policies are working?   Chances of hearing this tonight on TV...100%.     (sarc a la MDB)

Thu, 09/13/2012 - 14:28 | 2791091 Stackers
Stackers's picture

And surprise surprise Steve LIESman gets the first question, again.

Thu, 09/13/2012 - 14:31 | 2791117 malikai
malikai's picture

What a complete dud this guy is spewing.

Thu, 09/13/2012 - 14:35 | 2791147 Michael
Michael's picture

I 100% guaranteed QE3 to all my clients so they could get filthy rich too, or they could put a bullet in my head should I fail.

Thank the Creator I'm off the hook now.

Thu, 09/13/2012 - 14:42 | 2791198 nope-1004
nope-1004's picture

 

 

"The other accomodative tool we have is communication.  We can better communicate to the public our intentions, and therefore better educate the public as to our goals, which will facilitate further investment and growth."

 

WTF??????

 

Thu, 09/13/2012 - 14:43 | 2791215 exi1ed0ne
exi1ed0ne's picture

 "I am a tool that jawbones"

That's my translation.

Thu, 09/13/2012 - 14:47 | 2791241 redpill
redpill's picture

That Rothschild peeking out from behind the blue curtain is one hell of a ventriloquist, I don't even see his lips moving!

Thu, 09/13/2012 - 14:51 | 2791282 YBNguy
YBNguy's picture

"I am Jabroni"

Thu, 09/13/2012 - 14:59 | 2791351 Chief KnocAHoma
Chief KnocAHoma's picture

What a whore this guy is. Romney comes out tells the World if elected, Ben is done. So he uses the printing press to try and save Obama's job.

To steal a phrase from the kneejerk libs: "But what about the children Ben? You just increased the cost of milk, and formula, and all that birth control that walking cum dumpster Fluker needs. You are just being cruel to the little people, crushing them with inflation."

The good news is, I don't think even this will save Obama's job. He is finally showing the World that he is in way over his head.

Thu, 09/13/2012 - 15:18 | 2791482 Michael
Thu, 09/13/2012 - 14:39 | 2791176 azzhatter
azzhatter's picture

LIESman should just fellate him and get it over with

Thu, 09/13/2012 - 15:07 | 2791405 Assetman
Assetman's picture

Actually, Steve Liesman a very good question about the inflation mandate.

Ben Bernanke is making a much riskier bet than most people realize.  He really didn't squarely address Liesman's question about the inflation mandate and inflation targeting, but only talked in generalities about inflation remaining stable... which apparently helped justify the move toward even more QE.

When one looks backwards, the inflation picture has been quite benign.  However, the market's measure on FORWARD inflation expectations have been heading north for about a year now-- and have spiked again in a significant way on this current move.  Bernanke can explain away food and energy inflation as "temporary hazards"-- he can't counter what the market EXPECTS inflaiton to be over the next 5 years.  And it's moving north of 3%...

In actuality, it's very apparent at this stage that the Fed is providing lip service to the inflation mandate-- and have locked into the terribly misguided belief that even more fuel on the liquidity fire will adequately address the employment picture.  If the cause of high unemployment is even partially structural-- as more and more evidence suggests-- then Bernanke is pushing on a string.  The key here is that Ben will DO EVEN MORE QE if he doesn't like what he sees on the employment picture.

I just think it's terribly dangerous and terribly foolish policy, as they're doing things they've never done before-- and have bought into the belief that they can reverse it with nominal consequence.  They can't-- but they've just upped the ante a few hundred $ billion anyway.

Thu, 09/13/2012 - 18:33 | 2792399 Lucius Corneliu...
Lucius Cornelius Sulla's picture

I agree with what you are saying.  I would like to add that, having stated that the FED's policies are working on the employment front, if things do not improve or they get worse (which I think they will), he has opened himself to take the blame.  These are acts of desperation.  When inflation gets out of control and unemployment goes to double digits there will be no recourse and the FED's raison d'etre will be called into question.  Bernanke will be seen as the world's biggest fraud and huckster since John Law (which of course he is).

It never ceases to amaze me how we learn nothing from history.

Thu, 09/13/2012 - 21:46 | 2793103 i_fly_me
i_fly_me's picture

Inflation is already out of control; unemployment is already double digits; it is being hidden and everyone is still begging the FED to print (MOAR!).  It will continue until it can no longer, and Bernanke will be seen as an uninteresting footnote to the largest economic collapse in history which swept him along and left him no choice but the actions he took.  Eventually history will point the finger of blame right where it belongs, in the face of the American people.  The American people were handed a simple and humble but brilliant republic which required nothing more than that they follow the rule of law and live by the principle of subsidiaridy.  They got lazy and greedy.  The end.

Thu, 09/13/2012 - 14:33 | 2791136 Sofa King Confused
Sofa King Confused's picture

Welcome to Bernankistan.  I will personally make sure everyone here is truly happy. How do we do that you say,  well its quite simple,  we will have you Bernanketized into our system.  If you are good, you get a job and get paid in Bernanke Bucks.  Bernanke Bucks are a wonderful thing that you must use very quickly because they lose value as time goes on.  So buy things as soon as you get them and help stimulate growth.  Dont forget to vote for either Bernankabama or Bernankomney.  Thank you and may God Bless Bernankistan

Thu, 09/13/2012 - 14:08 | 2790954 Bay of Pigs
Bay of Pigs's picture

Wheres Kito at? Come on out you fucking little weasel!

LMAO.  GOLED & SILVER bitchez...

Thu, 09/13/2012 - 14:47 | 2791239 Bay of Pigs
Bay of Pigs's picture

Thx. Good one on him. Turkey sammiches all around...

Oh yeah, and FUCK YOU BERNANKE!

Thu, 09/13/2012 - 15:04 | 2791381 55 men
55 men's picture

Sky rockets in flight. Afternoon delight. Afternoon delight.

Thu, 09/13/2012 - 14:29 | 2791093 Kaiser Sousa
Kaiser Sousa's picture

but wait, ben just said i fixing to benefit from negative interest rates on my savings for years to come...

and ben said, they aint spending like the gubment, but they buyin shit with money they got stored somewhere in the basement....

he just said, aint no inflation, and not to trip...

and sale all ya'ls "tradition" u might be a hiding somewhere in the cabin........

so, knock off all that Gold and Silver buyin you hethens....

 

NOT!!!!!!!!!!!!!!!!!! 

Thu, 09/13/2012 - 14:07 | 2790942 AssFire
AssFire's picture

He always knew what he wanted to do even as a small child...

http://panzner.typepad.com/.a/6a00d83451591e69e2017c31b4fcf8970b-pi

 

Thu, 09/13/2012 - 14:14 | 2790994 withnmeans
withnmeans's picture

When I was a young lad studying Economics and Finance in College things like this would make us cringe. The thought that comes to mind now is "why would an administration want to destroy an economy, and more so the Country".

Apparently they must know something that the Main Stream does not. We all know that across the globe, Central Banks are literally puking cash, the only outcome of this being won "is by somebody refusing to PAY, or somebody to refuse to BUY someone else's debt".

Who I wonder will win this game of straws?

Thu, 09/13/2012 - 14:28 | 2791081 walküre
walküre's picture

The only outcome of this will be that NOBODY will want that cash anymore, least of them the people who work for a living and producers of commodities or food.

When CONFIDENCE is gone and PERCEPTION is that money is essentially worthless, you have hyperinflation. We are at that point.

Why accept FIAT for anything anymore? My skills, my labor and my products are worth more to me than the value of the number on the bills it supposedly represents.

Living in the USSR with a worthless rubel was no picnic. Just ask the Russians. If you wanted anything better than GREY, you better had tangible assets to barter with or "HARD" currency.

Today we're out of hard currency. So all that's left are tangible assets. Stock up because everyone else will.

Thu, 09/13/2012 - 14:39 | 2791184 withnmeans
withnmeans's picture

This is also a good point on confidence, but I have to disagree that we are at that point. You,I, and others "educated on current events" may be to "that point". Don't forget that part of the equation that is most important...

The SHEEPLE factor!!

 

Sheeple, do not have a clue what money is, as long as they live paycheck to paycheck, and the MSM tells them it is all good. The bad thing is they will never know "UNTIL IT HAPPENS".

 

Stay thirsty, and pray for a better day!

Thu, 09/13/2012 - 15:07 | 2791403 Row Well Number 41
Row Well Number 41's picture

3/4 of all dollar holders are outside the US.  The American sheeple don't need to recognize what's happening for thing to go out of control, just the rest of the world who have not been quite so throughly indoctrinated by the FED.

#41

Thu, 09/13/2012 - 15:22 | 2791510 osolomio
osolomio's picture

all the people I know are broke. This latest stupidity only helps those who already own gold or silver. Or who have enough money to speculate on its future. Real producers of actual things people need to live and enjoy life are fuked. Sure its fun holding a gold coin but how often do you do it. It also has been really tiresome listening to zhedgers waiting for this mans bullshit on a monthly basis. My first post but I have been reading zhedge for 2 years. I still am amazed that alot of people still do not know what the real hidden agenda is which is playing out quite brazenly now. Even I am a little embarrassed that I only learned the truth in the last 5 years. I would like to express my appreciation for zhedges and all the commenters too. I have learnedmuch and the links are fantastic. So thank you all.

Thu, 09/13/2012 - 14:39 | 2791186 HardAssets
HardAssets's picture

Except he talks too much . . . the more he does, the more the questions come up.

They would do better on 'communications' if they just made their announcement and shut up.

Thu, 09/13/2012 - 14:03 | 2790899 Colombian Gringo
Colombian Gringo's picture

Where is Graham Summers,

 

Sucking Bernank Dick and taking QE3 up the ass, along with his subscribers.

Thu, 09/13/2012 - 14:24 | 2791054 Cognitive Dissonance
Cognitive Dissonance's picture

I was surprised how emotional, even manic, Graham was recently while claiming the Fed would do nothing.

Emotion is a trader's/investor's worst enemy, even worse when dealing with the cold calculated (and blatant) manipulation of late.

Thu, 09/13/2012 - 14:04 | 2790912 King_of_simpletons
King_of_simpletons's picture

The illusion of prosperity has once again been lit.

And once again to prove that pigs have started flying here is an article about Ron Paul being the most corrupt member of Congress: http://www.usnews.com/news/blogs/washington-whispers/2012/09/12/ron-paul-one-of-the-most-corrupt-members-of-congress-report-finds

Thu, 09/13/2012 - 14:21 | 2790976 LongSoupLine
LongSoupLine's picture

recycled article to try and unseat an honest man.  Elizabeth Flock wrote the article and guess what?....

 

http://www.huffingtonpost.com/2012/04/17/washington-post-elizabeth-flock-resigns_n_1431005.html

Thu, 09/13/2012 - 14:15 | 2791002 Duke Dog
Duke Dog's picture

Aptly named!

Thu, 09/13/2012 - 14:46 | 2791228 HardAssets
HardAssets's picture

Total b.s. - -

Ron Paul isn't even taking his Congressional retirement after leaving office.

An amateurish hit piece.

You'd think they would have been satisfied with their changing party rules and losing Paul voter ballots.

Thu, 09/13/2012 - 16:03 | 2791747 mmlevine
mmlevine's picture

Do you really think Ron Paul fills out his own expense report?  Most likely a clerical mistake being completely blown out of proportion.

Thu, 09/13/2012 - 16:59 | 2792055 Abiotic Oil
Abiotic Oil's picture

Shut up fucking sheep.  The article is apolitical hit job originating from one flase source.  Follow the linky and read the whole thing then STFU. 

http://optimiskeptic.com/2012/09/12/u-s-news-world-report-crew-blow-it-b...

Further evidence that journalists are just pawns of the political agendas of our leaders


Elizabeth Flock recently published an article on her Washington Whispers blog on U.S. News & World Report titled, Ron Paul One Of The Most Corrupt Members Of Congress, Report Finds. After investigating these allegations, I have found that not only is this headline wildly inaccurate, but Elizabeth Flock and the citizens watchdog group, Citizens for Responsibility and Ethics in Washington (CREW) have missed a huge opportunity to report on actual corruption in Washington – which I myself managed to uncover in less than two hours.

This article caught my eye because former Presidential candidate Congressman Ron Paul (R-TX) has a reputation for being one of the most honest, consistently principled, and frugal members of congress. As Ms. Flock reports, Ron Paul has been accused of requesting reimbursements for travel expenses for the same flights both from the U.S. government and from Libertarian leaning non-profit groups. Even Ms. Flock notices the implied irony:

The revelation would be ironic in part because Paul made fiscal responsibility a central tenet of his 2012 presidential campaign. The congressman celebrated a major victory in July when his bill to audit the Federal Reserve for greater transparency passed the House.

Ms. Flock even states that all of these non-profit groups are, “under his control or his campaign committee,” thus implying a very nefarious level of corruption indeed.

This implication seems very fishy, however. Why would a politician worth $4.9 million nickle and dime charities (in amounts such as $230.50, $323.60, $403.70, & $646.50) over a period of 10 years while simultaneously returning $100,000-$140,000 of his office’s budget to the U.S. Treasury on a near annual basis?

This isn’t the first time Congressman Paul has been accused of improper dealings regarding his Congressional travel. At first glance, I thought this article was a reference to the previously debunked claim made back in January that Ron Paul was making lavish first class airline flights on taxpayer dollars (Jan. 17, 2012). I thought this might be related.

So, I carefully researched Flock’s two sources for her article: CREW’s Most Corrupt report and an article published in Roll Call titled, Records Show Ron Paul Trips Paid Twice (Feb. 6, 2012) by Jonathan Strong. As it turns out, this story was unrelated to the January article, however the timing seemed very strange. Further investigation was warranted.


So let us retrace the events here:

  1. 2006-2008: Jonathan Strong is employed by Congressman Dan Lungren and receives attention for also reporting favorably on Lungren at the Daily Caller.
  2. 2007: Dan Lungren is identified by Congressman Ron Paul supporters as a major political rival to Paul’s political positions.
  3. March 2011: Dan Lungren expresses support over Newt Gingrich’s run for President, later officially endorsing him.
  4. April 2011: Ron Paul returns over $140,000 in unused funds from his congressional office to the U.S. Treasury, a something he has repeatedly done during his time as a Congressman.
  5. December, 2012: Gingrich identifies Paul as “worse than Obama” declaring he (Gingrich) would never vote for him (Paul) if he received the GOP nomination.
  6. January 3, 2012: Gingrich loses the Iowa Caucuses, placing a distant fourth behind Paul’s third and specifically targets Paul for criticism in his concession speech.
  7. January 17, 2012: An AP article comes out accusing Ron Paul of lavish spending on First Class flights on taxpayer’s dime, but is subsequently debunked by Lawrence O’Donnell and various other sources.
  8. February 6, 2012: Jonathan Strong publishes an article on Roll Call implicating Ron Paul in another travel related scandal, this time for receiving double reimbursements from non-profits and the government to the tune of $15,000 over a 10 year period based on stolen evidence that does not actually imply intentional fraud or Paul’s knowledge/involvement. Strong published two follow-up articles with no new evidence presented.
  9. September 2012: Citizens for Responsibility and Ethics in Washington (CREW) gives Paul “dishonorable mention” in their “Most Corrupt Members of Congress” report based solely on the three Strong articles published earlier that year.
  10. September 12, 2012: Elizabeth Flock of U.S. News & World Report publishes on the Washington Whispers blog, “Ron Paul One Of The Most Corrupt Members of Congress, Report Finds”

Thu, 09/13/2012 - 14:32 | 2791120 Turd Ferguson
Turd Ferguson's picture

Please buy all dips and TAKE DELIVERY.

This is the moment you've been waiting for where you can buy with impunity.

http://www.tfmetalsreport.com/blog/4182/qe-infinity

Thu, 09/13/2012 - 15:11 | 2791432 TheCanadianAustrian
TheCanadianAustrian's picture

I bought with impunity a month ago.

Thu, 09/13/2012 - 18:18 | 2792351 GoinFawr
GoinFawr's picture

Impunity is my middle name.

Thu, 09/13/2012 - 14:34 | 2791140 q99x2
q99x2's picture

Winter is coming. He is checking to see if he has enough newsletters to heat his shed this year.

Thu, 09/13/2012 - 14:01 | 2790881 FL_Conservative
FL_Conservative's picture

Wish I was there to throw one of my shoes at him!

Thu, 09/13/2012 - 14:29 | 2791103 machineh
machineh's picture

Hell, I'd volunteer to tote his cross if they would crucify his ass.

Thu, 09/13/2012 - 14:02 | 2790882 williambanzai7
williambanzai7's picture

On vaudeville this was known as taking a Brodie...jumping off a bridge to keep an audience.

Thu, 09/13/2012 - 14:02 | 2790883 GFORCE
GFORCE's picture

Haha, Graham Summers got open ended!

 

Thu, 09/13/2012 - 14:02 | 2790887 WALLST8MY8BALL
WALLST8MY8BALL's picture

MANBERNKRUG!

Thu, 09/13/2012 - 14:06 | 2790892 Cognitive Dissonance
Cognitive Dissonance's picture

Ignore that clown in front of the microphone. I am the all powerful Wizard of Oz.

<And my name is Gold and Silver.>

Thu, 09/13/2012 - 14:03 | 2790894 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bernanke the Short Killa.

Thu, 09/13/2012 - 14:20 | 2791036 gjp
gjp's picture

New highs in AMZN and AAPL.  So homebuyers don't pay their mortgages, the banks don't take the loss and everyone shops for smart phones and other e-toys online.  Wow, America, City on the Hill and all that, showing the rest of the world how to live with dignity. /s

Thu, 09/13/2012 - 15:06 | 2791390 WarPony
WarPony's picture

enjoying the AMZN ride, CMG has been good too - thanks Ben, but you're still a Bitch

Thu, 09/13/2012 - 15:57 | 2791727 ZeroAvatar
ZeroAvatar's picture

gjp:   LOL!   TOO fucking funny!

Thu, 09/13/2012 - 14:02 | 2790897 Conrad Murray
Conrad Murray's picture

BERNANKRUPTCY!

Thu, 09/13/2012 - 14:04 | 2790907 bidaskspread
bidaskspread's picture

Spain is not Uganda, but the US is Japan.

Thu, 09/13/2012 - 14:22 | 2791051 Rip van Wrinkle
Rip van Wrinkle's picture

In ya dreams.

Thu, 09/13/2012 - 14:03 | 2790910 Darkness
Darkness's picture

Starts at 2:15PM EST?

Thu, 09/13/2012 - 14:27 | 2791079 LongSoupLine
LongSoupLine's picture

His voice is waivering more than I've ever heard prior.  That fucking treasonous crook is lying.  This is nothing more than the largest ponzi transfer of wealth in human history!

 

Madoff should get his Eagle Scout badge compared to this fucking criminal!

Thu, 09/13/2012 - 14:05 | 2790924 Vincent Vega
Vincent Vega's picture

Fuck You Bernanke, Bitchez!

Thu, 09/13/2012 - 14:08 | 2790944 mayhem
mayhem's picture

This is so much fun can I get off now before I puke some more. To infinity and beyond!! Long wine and spirits.

Thu, 09/13/2012 - 14:08 | 2790947 Dr. Engali
Dr. Engali's picture

Well it's a downward spiral from here. I hope everybody is tying up the loose ends, events will start accelerating now as we prepare for the big fiat supernova.

Thu, 09/13/2012 - 14:26 | 2791071 lakecity55
lakecity55's picture

"...to boldly go where no fiat has gone before."

Thu, 09/13/2012 - 14:39 | 2791189 fuu
fuu's picture

"...to boldly go where all fiat has gone before."

Thu, 09/13/2012 - 15:05 | 2791387 XitSam
XitSam's picture

Food check.  Water check.

Thu, 09/13/2012 - 16:02 | 2791744 ZeroAvatar
ZeroAvatar's picture

You just said it all, DR. E.  The fed just showed it's hand.  The PTB know it's all over but the final loot, now.

 

And so it begins.

Thu, 09/13/2012 - 14:09 | 2790952 JLee2027
JLee2027's picture

2% inflation forecast? What are they counting as inflation? Can't be anything people actually use and need.

Thu, 09/13/2012 - 14:51 | 2791283 ParkAveFlasher
ParkAveFlasher's picture

They are counting diamond rings, jenga giftsets, car fresheners in the shape of fruit, and cheez wiz. That's about as much sense as 2% makes.

Thu, 09/13/2012 - 15:11 | 2791424 RobD
RobD's picture

Ah cheez wiz is food...well mostly so I don't think they count that.

Thu, 09/13/2012 - 14:12 | 2790953 GoinFawr
GoinFawr's picture

Anyone recognize the score being played? Muffy, Biff, Tad, and I are three sheets to the wind 12 miles out and having some difficulty placing it... It isn't 'Taps' is it?

Thu, 09/13/2012 - 16:04 | 2791758 ZeroAvatar
ZeroAvatar's picture

Ride of the Valkyries.  (?)

Thu, 09/13/2012 - 14:09 | 2790961 sadmamapatriot
sadmamapatriot's picture

Helicopter Ben strikes again! To infinity and beyond, bitchez!!

Thu, 09/13/2012 - 14:11 | 2790962 malikai
malikai's picture

I don't know about you guys, but I'm just loving this wait music. Man this is some groovy shit.

This must be FED rape music.

Thu, 09/13/2012 - 14:12 | 2790981 Dr. Engali
Dr. Engali's picture

I was thinking the same thing...This is kind of like the music when the credits are running at the end of a sci-fi movie.

Thu, 09/13/2012 - 14:13 | 2790988 dynomutt
dynomutt's picture

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

 

Bernanke is buying shit-paper.  The shit-seller is quite like a pig in shit, ATM.

Thu, 09/13/2012 - 14:23 | 2791000 tocointhephrase
tocointhephrase's picture

ZeroHedge BiTcHeZ

 

Edit: Fuck you ben bernanke!

Thu, 09/13/2012 - 14:15 | 2791001 PaperWillBurn
PaperWillBurn's picture

iPhone 5 didn't impress the market...send in the QE!

Thu, 09/13/2012 - 14:16 | 2791003 Sofa King Confused
Sofa King Confused's picture

Can't somebody hack into a live stream and put a sign above his head that says "I'm A Shithead"

Thu, 09/13/2012 - 16:06 | 2791768 ZeroAvatar
ZeroAvatar's picture

No, but we CAN paint a 'smiley face' on the front of the Eccles building!

Thu, 09/13/2012 - 14:16 | 2791010 Jason T
Jason T's picture

Remember Rick Perry on Ben printing money? Don't go to Texas Ben..

http://www.youtube.com/watch?v=Zd7hbr3VP4k

Thu, 09/13/2012 - 14:22 | 2791052 Global Hunter
Global Hunter's picture

I care about what Rick Perry thinks about economics about as I much as I care what Zoolander thinks.  Perry is a bimbo.

Thu, 09/13/2012 - 14:17 | 2791014 DavidC
DavidC's picture

Doesn't Bernake understand that his actions are exacerbating the (un)employment situation?!

DavidC

Thu, 09/13/2012 - 14:35 | 2791146 GoinFawr
GoinFawr's picture

Wrong question DC, the real question is: Does he care?

Listen to his voice; I am not sympathetic, but public speaking isn't easy at the best of times, let alone when the entire planet is scrutinizing the minutae down to the last syllable. It's not quite so bad if you believe what you're saying, of course...

Thu, 09/13/2012 - 14:39 | 2791177 LMAOLORI
LMAOLORI's picture

 

 

Of course he understands that silly

Thu, 09/13/2012 - 14:17 | 2791016 Snakeeyes
Snakeeyes's picture

Bernanke "The Cookie Monster" dispenses sugar cookies to investors creating a sugar rush. The economy needs protein, and The Fed doesn't distrbute that.

http://confoundedinterest.wordpress.com/2012/09/13/fed-pulls-the-trigger...

Thu, 09/13/2012 - 14:18 | 2791020 Tsunami Wave
Tsunami Wave's picture

Why can't Benny pull a QE to pay for mining costs for gold/silver to add to the fed's inventory, and not bonds/troubled assets? It makes 100000000x more sense at least if you're going to print money.

Thu, 09/13/2012 - 14:18 | 2791023 Dr. Engali
Dr. Engali's picture

Listen to his voice quiver....he knows he is full of shit and he just hammered the last nail in the coffin of the U.S dollar.

Thu, 09/13/2012 - 14:24 | 2791061 Global Hunter
Global Hunter's picture

at times he sounds like he may start whimpering.

Thu, 09/13/2012 - 15:10 | 2791419 Arkadaba
Arkadaba's picture

lol just misread your comment as "at times he sounds like my cat whimpering" - both true!

Thu, 09/13/2012 - 14:18 | 2791024 bxy
bxy's picture

Can Vol go to zero?

Thu, 09/13/2012 - 14:19 | 2791028 Bay of Pigs
Bay of Pigs's picture

QE to Infinity

Jim Sinclair

 

Thu, 09/13/2012 - 14:19 | 2791031 Spaceman Spiff
Spaceman Spiff's picture

Did I just hear that we've enjoyed price stability since the 1990's?

Thu, 09/13/2012 - 14:20 | 2791038 Yen Cross
Yen Cross's picture

 The Bernaks lips sound like they are "bouncing off a scrotum sac"!

Thu, 09/13/2012 - 14:21 | 2791042 I am a Man I am...
I am a Man I am Forty's picture

Like I keep saying on this board, you know they are going to print, so you better be all in something other than cash.  ANR up 48% in a week and half....LMAO

Thu, 09/13/2012 - 14:22 | 2791044 youngman
youngman's picture

Prudent..he used the word prudent....open ended is the key words today....that means it will never stop until it does....he should end with  a reading of his resume...he is going to need it...

I like in the intro that Congress makes him do it....a CYA...

Thu, 09/13/2012 - 14:23 | 2791056 Bastiat
Bastiat's picture

Inflation, hyperinfation, war => Idiocracy.

Thu, 09/13/2012 - 14:23 | 2791058 Mudja
Mudja's picture

You guys will benefit from ZIRP! Hahaha what a joke

Thu, 09/13/2012 - 14:24 | 2791059 XitSam
XitSam's picture

"We're aware that we're screwing savers because the economy in general will pick up eventually."  Bitch.

Thu, 09/13/2012 - 14:25 | 2791066 Lucius Corneliu...
Lucius Cornelius Sulla's picture

This jackass has seriously boxed himself in.  When SHTF he will be crucified!

Thu, 09/13/2012 - 14:26 | 2791073 Yen Cross
Yen Cross's picture

Drawn and Quartered!

Thu, 09/13/2012 - 16:54 | 2792020 Hi Ho Silver
Hi Ho Silver's picture

Bernake and Judge Roberts will retire to Malta.

Thu, 09/13/2012 - 14:42 | 2791191 LMAOLORI
LMAOLORI's picture

 

 

He has obama protecting him and his bankster buddies from mobs with torches & pitchforks

Thu, 09/13/2012 - 14:29 | 2791074 Count de Money
Count de Money's picture

"Since everything we tried hasn't worked up to this point, the obvious solution is to do more of what hasn't worked." Asshole.

Thu, 09/13/2012 - 14:27 | 2791076 roadsnbridges
roadsnbridges's picture

What a chin-quivering moron.

"We know low interest rates cause some hardships"

F U LIESman!

Fri, 09/14/2012 - 11:57 | 2791080 honestann
honestann's picture

The ECONOMY CAN NEVER RECOVER as long as QE continues.  Therefore, Bernanke has just promised to destroy the world.  Oh how brilliant is central planning!

Thu, 09/13/2012 - 14:27 | 2791084 DrDinkus
DrDinkus's picture

this is surreal.....screw it, im in

Thu, 09/13/2012 - 14:28 | 2791086 max2205
max2205's picture

hey BEN, SUCK MY DICK

Thu, 09/13/2012 - 14:46 | 2791227 falak pema
falak pema's picture

is it as big as my QE to infinity?

Will it levitate up as high as my WS asset pump?

Personally I doubt it.

Nothing compares to my huge...ummmm....Qe-to infinity; awesome testimony and I hope eloquent inspiration for the epitaph placed on my career plaque as Czar of the FED.

Will they make me a Big BEN memorial like they did for Lincoln?

Where the people come and admire me sitting above the mortals as the Man who saved the West; not just the country and federation.

The FED under me was not the Federation, it was a small step to global QE and a giant step for humanoid humanity. 

Thu, 09/13/2012 - 14:28 | 2791090 mademesmile
mademesmile's picture

Our mid 2015 projections don't include any inflation ... HAAAAAA!

 

Thu, 09/13/2012 - 14:29 | 2791100 Spaceman Spiff
Spaceman Spiff's picture

The third world food prices will lead to many more facebook revolutions!   Thanks Bernank.

Thu, 09/13/2012 - 14:34 | 2791108 which way weste...
which way western man's picture

benjamin shalom....the face and voice of a jewish counterfeiting crime syndicate.

He just made your food and gas much more expensive, and your savings worthless, bitches.

Thu, 09/13/2012 - 14:32 | 2791119 Count de Money
Count de Money's picture

Ben to savers: "Suck my dick!"

Thu, 09/13/2012 - 14:36 | 2791157 WhiteNight123129
WhiteNight123129's picture

Nope, his message is spend your savings because I am going to destroy your capital.

 

Thu, 09/13/2012 - 14:41 | 2791199 LMAOLORI
LMAOLORI's picture

 

 

It's like doublmint gum two for the price of one

Thu, 09/13/2012 - 14:32 | 2791121 roadsnbridges
roadsnbridges's picture

Progress?  You butthead, have you tried to re-fi a 3.6M loan lately?

Thu, 09/13/2012 - 14:32 | 2791123 Dr. Engali
Dr. Engali's picture

What a stupid question...it's not about providing benefits to the economy. I wish these well placed "investigative reporters" would get past that train of thought and push the questions of derivatives, shadow bank deflation, banks, and government spending. But alas that is too much to ask.

Thu, 09/13/2012 - 14:36 | 2791158 XitSam
XitSam's picture

I think three average zero hedgers asking him questions would blow things wide open.

Thu, 09/13/2012 - 14:43 | 2791214 Dr. Engali
Dr. Engali's picture

I agree..I haven't had the opportunity to associate with a knowledge base this large any place else than on the Hedge. There are a lot of smart people here.

Thu, 09/13/2012 - 14:32 | 2791125 Tsar Pointless
Tsar Pointless's picture

Wow. The bastard did it. I am shocked.

Guess I will fill-up the tank while gasoline *only* costs $3.99.

Thu, 09/13/2012 - 14:32 | 2791127 PhD
PhD's picture

So the worse the economy becomes, the more money the FED will pour over the Banks? Are you F**KING kidding me?

Thu, 09/13/2012 - 14:47 | 2791244 PhD
PhD's picture

There is no way in hell that the FED do not understand the implications of their policy. The volatility of money is going to plummit as a consequence of this policy. Would not be supprised at all if they even increase the remuneration rate at this point

Thu, 09/13/2012 - 14:34 | 2791128 DavidC
DavidC's picture

We can work with communication tools - WTF?!

DavidC

Thu, 09/13/2012 - 14:33 | 2791131 XitSam
XitSam's picture

He keeps repeating his escape clause: "monetary policy is not a panacea."  'Don't blame me when things blow up. The politicians didn't do their part!'

Thu, 09/13/2012 - 14:47 | 2791240 giovanni_f
giovanni_f's picture

he meant "monetary policy is not a conundrum"

Thu, 09/13/2012 - 15:14 | 2791453 hedgehog9999
hedgehog9999's picture

He actually telegraphed that the shit will hit the fan very soon, but I did my part!!! and washed his hands as any good religious asshole would do.

You fucked it up you moron, along with the Obummer and Geithner!!!

I am now 1/2 short the market and 1/2 long PM's....

Thu, 09/13/2012 - 14:33 | 2791134 The worst trader
The worst trader's picture

What A complete joke. Did we realy need it? Is there larger problems Tyler has missed? I thought the economy was just fine according to BAMBAM.

 

Thu, 09/13/2012 - 14:33 | 2791135 Village Smithy
Village Smithy's picture

Is it just me or does there seem to be a lack of conviction in his responses?

 

Thu, 09/13/2012 - 14:34 | 2791137 krispkritter
krispkritter's picture

 

"...that we're making progress towards more acceptable levels of unemployment..."  Exactly what IS an acceptable level of unemployment Ben?

I tell you what mine is; when you, Geithner, and Obammy are all unemployed...

Thu, 09/13/2012 - 14:34 | 2791139 roadsnbridges
roadsnbridges's picture

Will this short squeeze ever end?

<squished ball-sack to infinity>

Thu, 09/13/2012 - 14:35 | 2791145 lakecity55
lakecity55's picture

So, he and Barry take their orders from the same guy(s).

Coupla cretins.

Thu, 09/13/2012 - 14:35 | 2791148 Count de Money
Count de Money's picture

What this idiot doesn't get is that if people aren't borrowing at 3%, they're not going to borrow at 2%.

Thu, 09/13/2012 - 14:46 | 2791236 Cthonic
Cthonic's picture

Oh he gets it; this is a program for institutions to off-load their MBS into so FHA can pretend that it's healthy.

Thu, 09/13/2012 - 14:35 | 2791149 roadsnbridges
roadsnbridges's picture

Makes me ill to see Stolper get one for once.

Thu, 09/13/2012 - 14:36 | 2791151 e-man
e-man's picture

When Bernanke says "maximum employment," does he mean bank-run labor camps?

Thu, 09/13/2012 - 15:03 | 2791279 giovanni_f
giovanni_f's picture

yes - they are going to privatize fema camps. They are planning to produce chevy volts there that run on 5 solyndras. Mitt Romney did the business case. Approval in congress just a formality

Thu, 09/13/2012 - 14:36 | 2791154 Dr. Engali
Dr. Engali's picture

The Ben Bernank speculation economy....hey Ben people don't have money to put into a 401k  ...or to pay their mortgage in hopesthat they feel wealthier as their "house price appeciates."

Thu, 09/13/2012 - 14:38 | 2791156 stinkhammer
stinkhammer's picture

i quit the system today, that's it  no more work for fiat, no more debt payments, no more taxes  call me John

Thu, 09/13/2012 - 14:36 | 2791160 Duke Dog
Duke Dog's picture

I'm just waiting on the announcement of open ended margin hikes on "real" assets that should occur sometime over the next few days - the last of my $US will be used at that time. Before this abortion is over, Bernake or his replacement(s) will be having daily press conferences to reveal the day's infusion levels.

What a contrived mess.

Thu, 09/13/2012 - 14:37 | 2791161 tongue.stan
tongue.stan's picture

bullshitstreamlive.com

Thu, 09/13/2012 - 14:37 | 2791167 Yen Cross
Yen Cross's picture

 Is it just me? Bernanke has spoken more about the stock market, in the last 10 minutes than the last 4 years!

  Tyler, you just solidified what every sane trader already knows!  Bernanke is all about " funny money" inflation!

 

Thu, 09/13/2012 - 14:38 | 2791170 Ineverslice
Ineverslice's picture

Ben the coward.

Off to the Hamptons everyone...

Thu, 09/13/2012 - 14:38 | 2791172 Kaiser Sousa
Kaiser Sousa's picture

Ben just said that if he can get housing prices to go up again, that i will feel mo' rich again like i did back in 2010 when i lost it...

says, all i need to do is feel richer and i 'll go out and spend money i dont have...

i believe him too....he a PHD aint he.....

Thu, 09/13/2012 - 14:39 | 2791174 khakuda
khakuda's picture

I love when Bernanke says he wants people to feel wealthier by raising stock and house prices so people spend more.  What an idiot.

You're not actually wealthier in a sustainable way, we just want you to feel that way so you stupidly spend money you don't have once again.

He should pass out Brad and Angelina masks so we can wear them and feel pretty, too.  We won't be, but damn, we'll feel that way and who cares about reality anyway.

 

Thu, 09/13/2012 - 14:43 | 2791208 magpie
magpie's picture

Yay, feel wealthier with more zeroes in the currency. Hope he mentions Gross National Hapiness too.

Thu, 09/13/2012 - 15:11 | 2791428 Yen Cross
Yen Cross's picture

 Hey Magpie, you were spot on with your comments Re; shorting the euro /via xau,cad,aud...ect the night before last. ( German court ruling) . I just didn't want to fight the Italian Stallion, at that point in time. You were very intuitive with that post. ;)

    I hope you got some. I faded "Cable twice" last night.

Thu, 09/13/2012 - 14:41 | 2791175 RopeADope
RopeADope's picture

Memo to Chairman Bernanke:

 

A market that has a painful erection for more than 12 quarters is at high risk for permanent damage.

 

Dr. Reality

Thu, 09/13/2012 - 14:56 | 2791321 TheFineKid
TheFineKid's picture

And it should contact it's doctor immediarely

Thu, 09/13/2012 - 14:39 | 2791183 youngman
youngman's picture

I bet the Chinese and other holders of our debt start to dump it.....I would...I would try to surrond us with purchases of commodities...mines, oil fields, ports, things.....other than our paper...on the other hand..I bet the Japanese, the EU, Britain, and the USA....all play the circle jerk of I buy yours if you buy mine...

Thu, 09/13/2012 - 14:41 | 2791202 DavidC
DavidC's picture

The UK is the 4th largest holder of US Treasuries, despite being broke.

DavidC

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