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Santelli Exposes The Political Fed Behind The Curtain As Romney Makes Bernanke A Target
UPDATE: Added Romney's Bernanke-Busting Clip
With Romney's comments (that QE2 didn't work, that he doesn't back QE3, and that Bernanke should go) somewhat cornering the Fed-Head's decision-making, CNBC's Rick Santelli's comments this morning are even more prescient. The Chicago truth-sayer vociferously noted the increasingly politicized Federal Reserve actions, highlighting Schumer's recent 'demand' that Bernanke do his job. With Bullard this morning noting that muddle-through was not enough to justify the size of QE3 the market seems to be anticipating, it appears any actions by the Fed in the near-term can only be seen as political. The only way to justify any sizable NEW QE is then surely for the market to crash - and with Spain's no-bailout-soon, and Merkel back in the headlines, who knows what's possible. One thing is certain: under Romney the country will need a Fed Chairman. And if it is not Bernanke, despite Glenn Hubbard's promises yesterday, one very likely name will be Hubbard's close friend and co-author: Goldman's Bill Dudley, who now runs the NY Fed. One wonders which choice will be worse for the country (if not for gold longs) - the Chairsatan or Bill Dudley? Of course, look for Obama to retaliate and promise to para-drop dolla dolla billz if elected. Critically, the wizened ex-Gold trader Santelli notes the precious metal knows this and is acting as a barometer of anxiety in this stand-off.
Full CNBC Santelli Transcript:
Here is the question.
I am not sure anybody can answer it and it is couched in humor but just a bit. Is the Fed apolitical or is the fed a lot political?
Well, you know, in mid-July (and remember, November 6th, November 6th is the election), most politicians on either side of the aisle and even the middle of the road aisle (if you want to count that as a political position), they really don't want to give you too much because they want to hold back a bit - [because] the more things you say, the more ways you can get penned in by the other side.
It seems as though in mid-July in front of the senate banking committee there was some instructions in my opinion given to Ben Bernanke.
Listen to senator Schumer. "The Fed is the only game in town, so get to work, mr. chairman."
In my opinion you can say that is a bit of humor, but in the context of objectivity, if i take a step back and if it looks like a duck and quacks like a duck, sometimes it is a duck.
We know the politicians don't want to get off-center.
I think that Bernanke seems to be dragging all of this up in a timeline that certainly seems to intersect with november 6th.
I look at gold. i cut my teeth trading gold late '70, early 80s. looks like it is up $36.
What is making gold move? This is a debate on the floor everywhere.
In my opinion what makes gold move in a proactive trending way is any time the barometer of anxiety goes up.
September is approaching, Europe, you know, Mario Draghi, I don't think what he said is doable. I think what he said when he said it was absolutely brilliant. It bought them four to six weeks. You know, that might not sound like a lot to everybody, but it has stabilized the markets.
I think that gold when it corrects, when it goes from active trending based on anxieties to the upside, liquidation mode is much more random.
I think that's where everybody kind of gets off the game plan. When it goes into correction mode some people are liquidating and some people are paying other positions. In the end I think we're in the proactive trending phase and i wouldn't dismiss how much higher gold can go.
and here is Romney's Bernanke-Busting Interview (the Bernanke discussion starts at around 7:10)...
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wizened ex-gold trader ?? where did that come from
central-fucking-casting
On a happier note and off topic, breaking news:
VICTORY: Circuit Court Orders Brandon Raub Released, Dismisses Case Against Marine Arrested, Detained in Veterans Admin. Psych Ward over Political Views, Song Lyrics Posted on Facebookhttps://www.rutherford.org/publications_resources/on_the_front_lines/vic...
I can't stand sycophantic libertarians that constantly suck up to rich people like Santelli, Doug Casey and Rick Rule and believe everything they say. They don't stop for second to think that they're BEING USED. Libertarians are actually being TRICKED by the rich into promoting a philosophy that allows industrial class to literally buy and sell goods and services and hire people at will without any restrictions. Libertarians don't even believe in environmental regulations because "private property" will take care of it (*LOL*). Libertarians are so deluded that they don't trust their own ELECTED government or the Federal Reserve Bank.
MDB's Greatest Hits!
MillionDollarBonus_ Tue, 05/18/2012 - 09:33 -
I predicted this from the start. FB is the AAPL, and any price below $100 is CHEAP. You may laugh at me now, but I'll be laughing when it's trading at $200 and you doomers are chasing the market.
MillionDollarBonus_ Tue, 05/18/2012 - 11:12 -
Everyone is excited about this historic IPO except for lame uptight doomer libertarians. FB is a fresh new IPO - perfect for young investors just getting started and looking to build a respectable but forward looking portfolio. This is a great day for hip, upmarket investors, but a sad day for envious and bitter and sulking rednecks.
MillionDollarBonus_ Tue, 05/22/2012 - 08:45 -
Bought another 300 shares yesterday - taking advantage of this discount. It's all about dollar-cost averaging. My average entry is now at $38 so I'm in the same boat as most of the top buy-side bidders at the original offering.
MillionDollarBonus_ Tue, 05/29/2012 - 10:42 -
$30 should be solid psychological support. Bought another 500 shares this morning - The value is off the charts here. This cannot last much longer. This is the social networking revolution - older people just don't get it.
MillionDollarBonus_ Thu, 08/16/2012 - 10:20 -
For long term value investors, this is just short-term noise. This is a great dip-buying opportunity – and honestly, who cares whether you pay $19 or $40 when the long term price target is in the $100s???
MillionDollarBonus_ Fri, 08/17/2012 - 16:32 -
You idiots talk about the sell off as if this is just normal market activity ... this is a JOKE. How the HELL can the SEC just stand by and watch while these manipulative short sellers hammer the stock into the ground???
Hahahahahaha... yea some people just don't get it...
Romney should keep his mouth shut. You can bet QE III is coming.
MDB did good today. I love the Libertarian jokes.
Seriously, this is the discussion they are having?
How about something a bit more hard-hitting, like what Romney will do with the renewal of the Fed's 100-year charter next year.
holy flying fiat, WAKE UP....come on people.....romney doesnt give a crap (nor do any of the repblicrats, demublicans) about issues such as the fed or who the chairman is, he CARES ABOUT PULLING RON PAUL VOTERS AS THE CONVENTION DRAWS NEAR.......and how does he pull ron paul voters??whyyyy....of course.....disingenuous bashing of bernanke and the fed.....puuuuhhhlease people, more bread and circuses...focus....focus......romney is backed by the giant sucking tentacles of goldman and other nefarious parasites in the financial world.....romney doesnt give a f*ck about what is good for the country any more than obama or any other bastard who voted for ndaa, the patriot act, the drone bill, etc....................
Exactly.
Presumably MDB was discussing the 'exciting' Facebook IPO.
Why buy that company? It doesn't make anything, it doesn't have a product. It's a transparent Ponzi scheme.
When Facebook comes out with something as useful as a vacuum cleaner, I'll buy the stock.
Bernanke is irrelevant. What will the Fed buy/lend to? Treasury markets are now near historical highs ... he could lend to Fannie/Freddie but the effect would be negligible because the Fed cannot make institutions solvent.
When the Fed can 'print' crude oil or jobs, I'll listen to Bernanke.
They all got trouble and they know it.
WRITE IN RON PAUL FOR PRESIDENT.
Very nice Malikai.
Watching the psychology of a troll. Very amuzing . . .
I will tell him you said hello when I am behind him at the store (just before he uses his SNAP card) . . .
Opinions = Faith = Facts
+1
Nice quotes for our resident troll
Ha I don't log in much anymore but had to tonight to give you an up arrow and a thank you for the laugh.
"Libertarians are so deluded that they don't trust their own ELECTED government or the Federal Reserve Bank. "
no, we don't .... but it has nothing to do with delusions....
Please provide your broker number. Since that is required under Dodd/Frank, If you are giving public trading advice, which you clearly are per Malikai, you must supply your broker number MDB, or face the wrath of your own creation.
Good luck..
MillionDollarBoobus.
Oddly enough I only know who one of those guys are, and that's because he own's Goldmoney.com. The rest of them I have no clue who they are and I've been a Libertarian for 14 years.
SWEET!
Paul Ryan and John Taylor on QE2 and the Dual Mandate http://www.nationalreview.com/corner/254266/paul-ryan-and-john-taylor-qe2-and-dual-mandate-daniel-foster
Refocus The Fed On Price Stability Instead Of Bailing Out Fiscal Policy
http://news.investors.com/article/555234/201011301909/refocus-the-fed-on-price-stability-instead-of-bailing-out-fiscal-policy.htm?p=3
What do you think John Taylor as FOMC chairman means for commodities ("owning stuff") bubble?
Unless 1) Romney is a moron (possible) or 2) Obama wins (not bloody likely) or 3) Taylor refuses, John Taylor will be the next Fed Chairman. It will mean that the Fed uses explicit rules in formulating policy. In the current environment it means the Fed would likely have PIRP. It would also likely begin unwinding its portfolio slowly at the margins. These changes would mean slightly higher rates and lower money supply as the system reboots with a lag until velocity picks up a bit, and it also means Keynesians running around screaming the sky is falling. So risk off in the near term as the dollar goes higher, meaning commodities down.
The other consequence is that treasury pays more which REALLY puts a spotlight on the US debt situation.
Exactly, it means shorter term pain, but the right thing to do for this country future.
Bernanke is a protégée of Greenspan. After Greenspan left, Bernanke continued Greenspan's policies of catering to Wall Street.
John Taylor is more like David Stockman or Paul Volker. He does not give a shit about Wall Street speculators.
"That is ironic, since no one disapproved of the excesses of Wall Street in the 1980s so much as the chairman of the Fed, Paul Volcker. At a rare Saturday press conference, on October 6, 1979, Volker announced that the money supply would cease to fluctuate with the business cycle: money supply would be fixed, and interest rates would float."
(creating the bond 'golden age'...no more storing)
Liar's Poker, M.Lewis
Repeating a comment from another thread doesn't make it more valid.
Interest rate increases - and the implicit "show-me-your-tits" calls in all markets and relationships - put a higher value on real tits, not tissue-stuffed, not silicon-inflated, not wonder bra, real tits ... real tits being (in my analogy) real money, hard assets, viz a viz gold and silver.
STACK TITS
I will be making a t-shirt that says, "STACK TITS"
YOU HONOR ME.
This is all just so FREAKING funny to me. First - only the most uneducated among us would not recognize that the defacto World Reserve Currency is in fact.... GOLD.
The masses however, continue to accept and rely on unbacked fiat. Pieces of paper with numbers printed on them. We'll send you a truck load of them for that tanker of oil, or better yet, we'll just create them with a computer generated exchange of 1 and 0.
But I guess a people dumb enough to elect Obama and thrust the Kardashians to fame for being sluts is just stupid enough to rely on such a fucked system.
that about sums it up Chief....
nah, I just think 90% of the 'joes' out there THINK it is already backed with gold.......
Rick is the only truth teller on that lousy network... The Bernank should be tarred and feathered...
That would be great. I'm long both tar and feathers.
Tar and feathers sound nice but remember oil and poultry are trading near highs and then there is that nasty disposal issue to take care of...
Low natural gas prices on the other hand...
My circle has been fancying Great Stuff expanding foam and Owens Corning Pink R13 glass blanket. Should have similar effects and readily available at the home improvement store nearest you!
I'm looking at four strategic retail locations on the Beltway. My stores will sell only two items: Torches and Pitchforks. If things don't start to change soon, by 2020 I figure I'll be a trillionaire.
look, ...Santelli's making a good living in the farcical melodrama of CNBC
before getting all warm and fuzzy over truthman Rick, just ask yourself; what isn't political?
truth is, nobody has the political balls to bring this house of cards down.
anybody that puts weight behind anything Romoney or his lapdog Ryan proclaim is as much a fucking idiot as the worst Obamabots.
when the music's over, you'll know what's truth
If he's airing this on cnbc with Santilli it's because the Bernank asked him to stage the conversation. This way when the Bernank doesn't ease it's because of the "politics"
I agree with your wisdom. Both sides are whores, but one whore is a bit closer to the truth and believes the best hope for the World is a thriving USA.
Just ask the rest of the planet if they are better off if our military retracted, or our influence fades.
Go ask a Jew from 1930 Poland, if you can find one.
I guess my point is, we ain't perfect, and the music will never truly stop. The song may change to music you no longer recognize, but continue it will.
This video is no longer available. A message has been sent to customer care team in the event there has been an error so that we may fix the problem.
I know the problem, the truth is leaking.
Yes
To wrap it up in a sentence - Fuck you Central planners, you incompetent SOB's!
Woot!
I thought metals were up due to a strike in Africa...WTF...I'm so confused! Fuck it, drunk again tonight.
Nice looking pup, chocolate lab?
Yes. He will be 7 in October. And his name is really is Vincent Vega. You a yellow?
Gold rises for seventh day after Fed stimulus surprise
http://www.reuters.com/article/2012/08/23/us-markets-precious-idUSBRE87501B20120823
Exactly my point. Scroll back a few articles here on ZH today and you will see: Gold and Platinum Surge as Mining Unrest Spreads.
You didn't build that - the FED made that happen!
I'm sure top men at Goldman are cooking up their best recipe before elections.
Certainly every little peep on the forever coming QE and Isreal bombing Iran everyday from now until the elections shall work well.
Oil and gas to the moon!
Let's not forget the last time this recipe was cooked.
What you lost 50% of your net worth?
Sorry.
Bill Dudley bullish for gold! any politician today is bullish for gold!
Fat Greedy Democrats love bankers. Murdering Republicans love military.
I'm voting for Gary Johnson.
Fat Greedy Democrats love bankers. Murdering Republicans love military.
Then why is it, that every war, or undeclared war,Since WWII been started save ONE,been on Demoncrat watches?.
But they all love ill-gotten gains.
That's odd. The right wingnuts and Rednecks keep insisting the left is weak on defense issues. Really odd.
More proof the Banksters fund CNBC. The video is no longer available.
Find out how much money is being donated to what Politician...and you can tell who Goldman-Sachs wants and what they are planning on...or demanding...I think GS is a Democratic leaning company
When Politics decides where Productivity gains are allocated all hope for capital preservation gets destroyed.
Got gold, silver, food, ammo, alternative energy and booze?
You forgot loose women.........
and dsiposable lighters, those fiats won't self-combust
Even better - get one of these:
http://www.youtube.com/watch?v=NtL3mXRRp-I
Swedish Army Firesteel :)
Finally, finally, finally.
Fed is political.
Fed membership and leadership is an academic position.
As Richard Fisher told Mario Bartiromo:
Maria Bartiromo: Chuch Schumer said that the Fed is the only game in town.
Richard Fisher: No Maria, congress is the only game in town.
Federal Reserve members are just order takers. Period. Get used to it!
Well said the Fed's balance sheet proves that
"Once you understand the details of modern central banking, you are able to step back and see that it truly is a way for the government to use the printing press to pay its bills. All of the complicated process of targeting interest rates through buying Treasuries simply hides this essential point — and perhaps deliberately so."
http://mises.org/daily/4029
Behold The "New Normal" Buyers Of First, Last And Only Resort
Before the Banking Act of 1935, the original stipulated limit coverage ratio for FRN's was 40% of M2. At today's M2, gold would trade above $13,000 an ounce. Mr Santelli - that's how high gold can go.
It was actually 40% of the monetary base. Today that would be about $5000 an ounce.
(Based on the above and Bullard's comments today)
What if, when the market slides this time, there was no Hilsenrath rumor. What if the Fed has decided that a little slide in equities is necessary in order to garner the support needed for QE 3. I just dont think a single word that comes from the Fed or any of its governors that isnt done with exact intentions (intentions to drive outcomes). Just a thought.
Yeah, well this time it is bushes fault, when doofus W reappointed bubble boy ben over now Romney advisor Glenn Hubbard. Professor Hubbard is no fan of the current fed head.
The problem is not Bernanke. The problem is that the Federal Resevre is a private for profit organization that controls the dollar.
And Romney would not end the Fed, he would do nothing about the dollar.
- Alan Greenspan to Jim Lerher on his News Hour
First thing I saw was video no longer available. Then after posting this, it is now showing. WTF?
C'mon, like Romney and Ryan don't know who the boss is? And romney's best buddie is Natan Yahoo! gimme a break!
Yesterday's Fed minutes struck me as exactly the kind of thing you'd want to say to keep both QE bulls and bears on their seat guessing for a couple of months through the election.
Will they? Won't they? They've gotten away with playing footsie this long. Just 2.5 more months to go....
Uh oh, looks like CNBC (the ministry of truth) has taken the video down.
Perhaps they got a phone call from the Fed.
The Fed is Red
That's not only funny but it's true at least as far as bernanke is concerned
QE (quantitative easing) is essentially the printing of money and the addition of liquidity into the markets so that stock (and other asset) prices are given an artificial boost. Federal Reserve Chief Ben Bernanke believes that by pulling up stocks, the masses will feel richer and spend more on consumer goods, thus lifting up the economy. This is based on Karl Marx's reflexivity theory (George Soros essentially paraphrased Marx) that states by turning the small wheel (stocks), you can turn the big wheel (economy), which in turn will come back and turn up the small wheel (stocks). Bernanke subscribes to such a theory, and he wants QE to lift up the small wheel (stocks), which he hopes will lift up the big wheel (the economy).
video's up, I'm watching it embedded
Pretty odd sounding ducks! Not sure where he goes hunting? Perhaps Mars....
Measuring anxiety eh? Strange how gold was MIA during the "anxious" days of Sept 2011 - Aug 2012.
You mean during the time period when Bernanke "learned" he had gold as a reserve in certificate form on his books? Shit, I bet while Bernanke was oblivious to what his assets, reserves, and liabilities are (because he is too busy giving speeches to college freshman about the horrible idea that gold should ever be used as money again) his minions were loaning gold to other entities, quelling demand in the short run.
romney is going to energy independence the usa by 2020 and be the first man to walk on mars too bitchez!
The best thing about all this talk or maybe the worst is that if there is a Lehman 2.0 from now until elections be it overseas or otherwise they will have sit on their hands and there will be no market protection.
These prop desks have been calling for QE for a year and by time they get it well hold on boys and girls.
Too big to bail and too little to late.
Go ranting Rick, one of the few that tells it like it is, just hope he don't have a heart attack before he finishes what he has to say!
Bernanke is doing his job: The value of the dollar has fallen by 97% since 1913 and 50% since 2000.
as almost all zh'ers know, gold rising is another way of saying the dollar is dropping given that an ounce of gold today is the same as it was way back in the day of the romans and greeks. as has been pointed out umpteen times before, the usa defaulted on the dollar in 1933, 1965/8 and 1971 by dropping the backing of the dollar with gold, silver etc .... default is nothing new. the usa will do it again.
Santelli is right on!
The S&P 500 (Right Before QE3?)
Congress to Bernanke: Do less, not more
snip
Judging from recent economic commentary, there are plenty of economists who think the Federal Reserve needs to do much, much more to juice the U.S. economy. Scott Sumner, Paul Krugman, and the Economist have all lambasted Fed Chairman Ben Bernanke on this front.
But in Congress, this view seems curiously absent. On Thursday morning, Bernanke testifiedbefore the U.S. Congress Joint Economic Committee. Republicans at the hearing were quick to criticize the Fed chairman over recent reports that the central bank might contemplate more “quantitative easing” — the so-called QE3 — to jump-start the stalling recovery. Very few Democrats, however, offered any sort of counterbalance. At the moment, most of the political pressure on Bernanke is to do lessstimulus, not to do more.
“I wish you would take QE3 off the table,” said Texas Rep. Kevin Brady, the ranking Republican on the committee. “I wish you would look the markets in the eye and say that the Fed has done too much.” Similarly, Sen. Jim DeMint (R-SC) complained to Bernanke that many of the stimulative measures the Federal Reserve has taken “are giving us a false sense of security.”
But what about Democrats? The ranking Democrat on the committee, Sen. Bob Casey, merely inquired, in a neutral tone, whether the Federal Reserve was planning to take further action. Bernanke simply replied that the Fed was still contemplating the matter, and a lot depended on whether “there will be enough growth going forward to make material progress on the unemployment rate.” (Fed officials meet on June 19 to discuss their next steps.)
Indeed, the harshest grilling that Bernanke got on the Democratic side was from Sen. Bernie Sanders (I-Vermont), who was more interested in criticizing the Federal Reserve for various conflicts of interest —
more
http://www.washingtonpost.com/blogs/ezra-klein/post/congress-to-bernanke-do-less-not-more/2012/06/07/gJQA8jNMLV_blog.html
Did Fed telegraph QE3 at last meeting?snip
He points out that the Fed said unless incoming data point to “substantial and sustainable” strengthening in the recovery more accommodation is likely to be “warranted fairly soon.”
Fairly soon is an interesting construction given that we are approximately 10 weeks away from the presidential election and nearly a year ago Congressional Republican leaders took the unprecedented step of writing Fed Chairman Bernanke “expressing their reservations” regarding additional Fed intervention. They wrote “the board should resist further extraordinary intervention in the U.S. economy,”
in full
http://www.futuresmag.com/2012/08/22/did-fed-telegraph-qe3-at-last-meeting?ref=hp
Romney Warms to Ron Paul's Fed Audit Ideahttp://www.christianpost.com/news/romney-warms-to-ron-pauls-fed-audit-idea-80419/
New Video today
Romney Says He Would Not Reappoint Fed Chairman Ben Bernanke
http://www.realclearpolitics.com/video/2012/08/23/romney_says_he_would_not_reappoint_fed_chairman_ben_bernanke.html?utm_source=co2hog
Most traders know the markets rarely falter during an election year. What a fantastic coincidence. The fed is the most political entity on the planet. The arrangements they make outside of public oversight dwarf official governments treaties. One of the few things the government should have control over is monetary policy as existing policy is the root cause of most social problems and global instability.
Somebody please figure out how we can get Andrew Jackson back from the Ether.
Yelling "fire fire" in Noah's flood. if Rick didn't exist they'd have to create him. "Believe friends, believe inflation is coming. Spend, spend I say." Move that multiplier. He's an entertainer not a trader.
The machinery of money creation for the middle class is broken. Housing, the best inflation game in America, remains shut down. If inflation were on the cards, the MERS problem would be fixed yesterday.
Bernanke knows that the only FED Chairmen who have retained their reputations have been inflation fighters. He's got his own legacy to protect.
Yes, unemployment is a great way to fight inflation.
The dialectic is tired. Deflation, inflation? It depends what the asset is. Do you need to own a house? No. Do you need to eat? Yes. Those assets which are necessary will rise, those that are not will fall.
Call it something else. Call it Blobflation (credit Max Keiser). But don't get caught in the box the psuedo-science of economics forces you to be in.
You're much too kind on that. The FED chairmen are concerned about their reputations as "inflation fighters"? LMAO. That's pure fucking nonsense (aside from Volcker's actions).
Truth is, they create inflation by debasing and debauching the currency.
Romney uses the backlash vs the Bernack to get elected and then boot Ben yet replaces him with another kosher eco guru to keep the same pace towards destruction of liberty
I think the one thing everyone(MSM), is not talking about is the "DEBT CEILING", issue. It's pretty hard to justify 7-800b in more Qe when the administration blows through debt ceiling increases (6 months prematurely) !
It's called poaching the Ron Paul voters ... with a fake show of sincerity and vague finger wags ...
I thought the "contract" for 99 years for the Fed is up here shortly. So, the easy way out is not to extend this contract...flush to Fed down the toilet. Or, if we do extend it, make Santelli the new Fed Chairman. This picking of former NY Fed guys has gotten us in enough trouble.
Romney: "I firmly believe the next Fed chairman should be someone who is significantly... taller."
Anyone else seen this garbage about a "Chicago Plan Revisited"...why would we do this to ourselves. Don't know which is worse the Feds holding our debt or the banksters.
As long as the Fed is still around, Gold will hit $2000. Then, Silver will hit $100. Doesn't matter who is Chairman or who is President. They will continue to depress the dollar.
A gold standard is not feasible right now, IMO. Everyone should just be honest and go bankrupt...start over. Then, talk about physical commodity-based money.
These proportions are mismatched.
Power of 2 is the detected rule short-term, long-term is not even quite so good silver vs gold. See scatterplot:
http://flic.kr/p/cnxjAC
longer term http://flic.kr/p/aWJ9mx
and 10 years: http://flic.kr/p/b3wmPP
Generally near-term 2000/oz gold USD does this to silver: (2000/1665) squared = M, M x silver_now = silver_later
1.20 squared = M = 1.443 , 30.50 x 1.443 = 44/oz
Working back the other way on this consistent trend, starting with silver to 100/oz, does this with gold:
100 / 30.5 = 3.2787 = (gold_later / gold_now)^2
1.811 = gold_later / 1665
gold_later = 3,014 matching 100/oz silver
Thanks for coming out. Math is your friend.
All these comments of Bernanke doing this or that to protect his job (ie. print to re-elect Obama). Do you seriously think that if he gets fired, he won't have a much higher paying offer from the private sector within seconds?
I love Romney talking about QE2 & QE3. Like he knows.
Here's what he does know: he's throwing Ron Paul under the bus and when Ron does not appear at the RNC everyone will know he did that. Without Ron's voters, Romney is DOA. It's over. EOS. Thus the kabuki about gold and Bernanke. Lets send Mr Romney and the Repubneocons a strong message.