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Live Webcast Of Politician Bernanke Explaining Open-Ended QE Two Months Before The Election
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.
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Did you catch the direct bid on the "Treasury" auction earlier? China & Japan are #1 & #2 holders of long dated " Treasury Notes"
Japan and China discussed an offshore "mutual exchange trading band" earlier this year. All that inbred Island fighting is banter.
What I really find perplexing, is how that trading band can be maintained, with the 2-5% yuan/$ trading range, and visa -versa.
Yeah, no shit, me either. I have been waiting for the Chinese to fuck us for over a year now. I been putting my money into the Bank of China, on Madison Ave., and then converting from USD to RMB (Yuan) denominated account.
I have [put my money there instead of my Roth since I have been taking a beating there.
I figured if/when the Chinese started dumping treasury bonds the PRC would decouple from the USD and USD:RMB would go to parity.
How long do I have to wait for the Chinese to dump T-Bonds?
This is already taking place and has been for some time.
Does he HONESTLY believe some of the tripe he is coming out with?
DavidC
The deluded usually do.
Why the VIP Room rope separating the front row from the other rows?
I'm not sure exactly, but I bet Steve Liesman had to work very hard to get to sit in the VIP section
it's a taser rope
"The fed will be there to do what it can"
Say no more........
Looking at him I think he knows the outcome. What an asswipe
OK, "Chairsatan" was funny for a long time. Now it's real.
I made the same comment a long time ago, but whenever the Chairsatan takes open questions and starts talking about the benefits to Main Street/jobs, his voice wavers a lot more than the rest of the time. This is a sign either of an introverted person who feels very strongly about something ... or the sign of a motherfucking liar who's been given talking points. I'm thinking the latter. Who are his masters? Hm, tough one.
The guy is brordering on insanity trying more of the same expecting a different result.
There are two questions nobody asked:
1) How does the economy slows down when oil prices rise significantly? it will likely offset all those virtues that your program will supposedly bring.
and
2) It has been well documented that additional debt and QE does not rise GNP significantly, in fact some have argued we are on the diminisjing returns side of the curve now. Cooments on this.
Bernankenstein has now secured his next position as a page to Chucky Schmucky.
Looks like they plan on having the Rothschilds pay the FED back cause after funding the takeover of the world, which seems to be slow going, no one else can.
Impeach Bernanke.
Oh boy time to get the list out of every politician that voted for NDAA and other benefits for banksters.
If we don't do some serious ass kicking this election cycle Jessie Ventura says he's going to run for president in 2016. Ben can probably keep saying he is printing until then (even if he can't print.)
Tool #1: ctrl <p>
Tool #2: Lie about inflation
He paused, eyes darting around, before answering the question on did FOMC discuss the politics of the election. They did discuss it. He lied.
He wants to give Obummer a boost because he knows his ass is grass if Romney is elected.
That's reason enough to vote for Romney.
No, no it is not.
Something I overheard from Romney today on CNN (through no fault of my own): "America, since the time of FDR has had the capacity to engage in two conflicts at once, yet Obama has us in only one. What a pussy." That last sentence is paraphrased but the gist was that he went full retard.
Cthulhu/Diablo '12
I think you're seeing this through your O-colored glasses and I think you paraphrased more than just the last sentence.
During WWII, were were able to fight Germany and Japan simulataneously. Post-war military doctrine stated that the US should have the capability to fight one and a half wars at the same time (The Soviet Union and someone else.) In that context, Korea and Viet Nam were considered to be "half wars". So Romney is essentially correct.
Riddle me this: When GHW Bush was President, we were able to send a half million troops to go fight the Gulf War. By the time of the Iraq war, we send 130,000 and we're stretched thin? Hmm... What happened in between? The dirty little secret of those Clinton budget surpluses is that they came exclusively from cuts to the military.
Riddled with assumptions, your post is. First off I believe I did pretty well from memory, here is the actual quote:
So you assumption about O-colored glasses hindering my memory might be misled, mostly because the quote is correct, and also because I don't have said glasses.
The second assumption is a bit more tragic, since it is apparently an assumption that Romney and his supporters holdclose to heart, meaning that it might find its way into American policy. It is the assumption that America needs to commit its military to the maximum degree possible. That since we have the capacity for two conflicts, then that would be the appropriate number of conflicts to be engaged in. That kind of thinking not only seems like pandering to the belief that war is necessary for American prosperity, which is proven empirically wrong in the economic sense, but it is also unsustainable and morally questionable.
In regards to WWII, America had some help, and by help I mean the Soviet Union, and by the Soviet Union I mean the country that was responsible for the vast majority of the fighting with Germany. And in regards to Clinton's reduction of military spending, it actually doesn't seem like a bad move considering that lower military spending seems to correlate with better economic conditions in America.
My question is, why start war if you don't have to?
And if you're so sure he's wants to start a new war, pray tell who against? There are so many candidates to choose from.
"The second assumption is a bit more tragic, since it is apparently an assumption that Romney and his supporters holdclose to heart, meaning that it might find its way into American policy. It is the assumption that America needs to commit its military to the maximum degree possible. That since we have the capacity for two conflicts, then that would be the appropriate number of conflicts to be engaged in."
No, that's your assumption colored by your prejudices. If that is true, then why didn't we ever have a hot war with the Soviet Union? That's, after all, what we prepared for all during the 50's, 60's, 70's and 80's. So history has proven you wrong on that point.
As far as reduced military spending correlating with a better economy, maybe you can somehow connect military spending cuts with the internet bubble, but I doubt it. Correlation does not mean causation. If you think so, then explain this:
http://www.overthinkingit.com/2008/09/23/the-hubbert-peak-theory-of-rock...
The reason we didn't have a hot war with the USSR was because of nuclear weapons.
And it is not my assumption, it is implied by the fact that Romney is clearly referring the move by Obama to end the conflict in Iraq, and this reduced the capacity for conflict. Romney doesn't reference military spending, me mentionsthe number of conflicts as the thing that determines capacity for war. The logic in that since Obama cut back on the number of conflicts, he cut back on the capacity for conflict. It is not only a logically flawed argument, since stopping to do something does not mean you lower capacity to do it, but also the only assumption that must accompany such logic is that number of conflicts = capacity for conflicts.
It was difficult to say the US was not # 1 when the whole world wanted our currency.
Current leadership is making sure that in the near future the whole world, including Americans hate our currency.
http://www.quickmeme.com/meme/3qw70f/
Never go full retard.
FedRes buying mortgage from Fannie / Fredie, who holds them on debt from the federal gov, who is borrowing money from the FedRes, who is {repeat}
Bernanke looks VERY unsure..almost as if he had been PRESSURED...
he always looks like that in the face of straight questions... notice he is basically filibustering every question
Bernanke's job is not to create policy, it is to implement the policies presented to him and then make people believe those policies are in their best interests.
First by inflation, then by deflation...
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.
Sigh.
I was hoping for sanity, but that is not to be. They are just trying to hold everything together for the elections, after that it goes to hell. Who ever wins will oversee the destruction of the US.
"Fed announcements have considerable credability" ... for 3 microseconds.
I'm getting off this tumbling stagecoach! Time to take stock of my situation. Rebalance!
Sell my facebook, Groupon and Linked in shares. Park it somewhere.
Can't buy bonds. Don't touch munis. Shit. Just keep in cash. No, don't do that.
Refi the house, sell the SUV, and buy a Prius. Stock up on gold, guns, turrets, ammunition, goats, sheep, cows, alfalfa, montana real estate, wind-powered generators, butter churns, composters, seeds of non-modified corn, reruns of Sopranos on DVD. Dig a big hole and fill it with gas. Need to get some drilling equipment and a still for making liquor out of apples. I think that's called 'Calvados'. Hops and barley and a book on making beer.
My abundant powerpoint and excel skills are looking less relevant every minute. I have one kidney to burn.
It always helps to have a plan. I feel much better now.
Bernanke: I just want to assure that Obama gets relected.
Someone needs to ask "If you want to help Main St, why not just give 20k to each citizen instead of the banks?"
I'd love to see Bernanke turn into the ZH deer.
"We expect inflation to stay within our 2% target."
Yes, but the Fed doesn't look at energy prices when it calculates the inflation rate. Oil is up over 1% just today. Get ready for $5 gas.
I'd say $10 gas at implosion time....
I wonder if their next QE(4), final = negative interest rates? Or are the foreclosure-blockages the same thing? And, will they forgive student loans after chumps [like me] pay off my daughter's?
It's like you can't plan for the future b/c nut jobs are at the helm.
So...basically Bernanke admits that the Fed can't fix anything and that we aren't talking about real growth here...just the perception of growth which will, he hopes, encourage people to "feel" wealthier. Did I get that right?
rofl, are they playing him out with a lyre? bwahahaha. strum those ear-tongues benny.
Ben: "iGotThis"
He has done all that he could do to satisfy people's want of money.
Your turn now, people.
Ben read about "flow" on Zero Hedge and turned it into policy
I like how they got the guy from Doctor Strangelove to help out by asking questions...that, at least, seems logical.
Thanks Ben for even higher gas prices, food prices and the upcoming riots that we'll see all over the world..
Scumbag...
After that speach I'm not going to cover anything. The FED is out of bullets (how does he top what is baking into this). Still long tequilla and red solo cups. Maybe another week or two before all hell breaks loose. It is going to be a nasty election year!
The easiest way to make a buck today? Buy $50 worth of nickels.
With the Fed induced commodities bounce today their base metal value is 102%.
When do I get a raise to keep up with the inflation?
At least my mortgage is fixed rate.
I should be making $250,000 in a few years, due to inflation, then even I can pay the 35% because I'll be above the "rich" threashold!!!!
You know that will be the next move by Congress.
"jews" are economic and social terrorists
Thank you Ben for making my Gold and Silver skyrocket!