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Watch Ben Bernanke's Press Conference Live
Ready to be disappointed by the Chairman announcing a whole lot of nothing, but doing it in a very Greenspanesque manner? Here it is: the live webcast from the Bernanke press conference which is about to begin.
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I'd love to watch it - no, really - but I can't bring myself to...
DavidC
When the Collapse Of Western Civilization movie is made, I vote for William H Macy to play the Chairsatan, Fargo style.
Re: Financial Inequality - "Improving unemployment will improve inequality". What a load of crap.
Ahhhh, if you want more inequality (as in, that is the improvement) then the statement is fine.
Lolololol.
Shakey McShakes admits that he would like to be out of MBS...on the same day criminal syndicate Wall Street bankers were bidding up stocks on the certainty that he would announce MBS purchases.
Well then, when absolutely wrong about something, immediately commence ETF bid lifting then.
There is no market, and there will be no market until this banking cabal is simply erased.
**and right on cue...market wide quote stuffing ensues. Unreal.**
Re "Is Shalom, his middle name, Jewish?"
What was your point, Clueless Economist Troll?
(Out of order due to groundswell comments)
Shalom ain't necessarily joo, us goyim can have that kind of name too. Better pull that old dirty trick, and check the foreskin on his dick
The majority of goy dicks are cut too.
Reporter: How do you reconcile the fact that you've been saying that you're going to "fix" things for several years now and things have only proceeded to get worse?
Bernanke: I didn't count on the fact that gold demand would be as high as it has been and most of our efforts have been in surpressing the price of gold.
Reporter: So why has the price of gold gone up so much in the past few years?
Bernanke: We haven't done a good enough job keeping the price of gold down. Demand is brisk!
Reporter: Given your failed policies, why should we have any confidence in what you say and do now?
Bernanke: You probably shouldn't but when the entire US economy blows up, I'll be long gone.
Who was that Market watch moron? He is in the wrong line of business if he doesn't know that foreigners are buying treasuries.
Seriously, y'ad think the guy would have done a little homework.
That's the fat guy from Office Space they kept moving around(he lost weight)
He just said they aren't facing any losses from the MF'ers. JPM is part of the FED and is filing liens against the MF Global assets as we speak. So many lies you can't keep up.
One day ben!
"elements of BAD LUCK!"
Yes. It meant "Hello". And now it means "Goodbye".
huh, I thought Bernake was announcing that he was gay.....wrong video oops
you know he said he saved the banks and the USA economy...but he destroyed the savers...and the small banks..and starved people all over the world...but he...all in a days work
Well, you know that when you are doing God's work.....sometimes you gotta break a few eggs.......
Oh I see, the drags on the "recovery" were "stronger" than they anticipated. In 15 minutes this will all be fixed.
2 min of this and I'm allready bored. Really effective!
"We've kept inflation at 2% or better". Ah yes, those jerry rigged numbers from the BLS. If it weren't for hedonics, Benny boy would be out of a job.
Per Ben, MF Global appears to be an isolated situation . . .
Really?
Hmmm, wonder when we've heard that before.
Right after Lehman Bros.
Same old games. They never ended.
Next time, the results are going to be vastly worse. The revolution will not be televised.
Per Ben, MF Global appears to be an isolated situation . . .
Really?
Hmmm, wonder when we've heard that before.
Lice-mans body language says it all. He is sat there with his hand completely covering his mouth , in a very odd manner. He is covering up his own mouth for Bens lies. Its like they are twins.
Liesman wrote "Love" on his right eyelid and "you" on his left, what is that all about?
ha!
and the bernank said...............yada yada yada...
God forbid we have deflation in this piece of shit fractional reserve system. Deflation should be a good thing!! I like it when things cost less.
But they don't because then their interest costs more to pay back.
Quivering voice = he's lying again.
And then he mentioned the "Recovery" continuining. This is so sickening, it's ridiculous.
Is it me, or the back lighting? The Chairman appears to be ' sprouting' , cranial horns !
his nose grew exponentially in the past 5 min
Ha, No QE. So fuck all the fascist/communist/crony capitalist bull tards who are the fascist/communists/crony capitalists that stand firm in bringing down a once great nation!
Always the same broken record, i.e., The bailouts were necessary; The Fed doesn't serve the banksters. He has no credibility.
You left off Independence and Privacy are necessary to avoid political pressure.
"bad luck?" are you kidding? is this SNL
Ok, have to go pure! FUCK YOU JOHN! AND MARYANN!
Watching this feels like the eye of the storm!
Lecturing on "financial literacy" now. Please. Here is a link that Ben would approve of:
http://en.wikipedia.org/wiki/Ponzi_scheme
Can someone ask him why he hasn't done the right thing after sooooo many 15 minutes he claimed to need?
On Halloween, Nat'l Debt Exceeds Gross Domestic Product
"A little-noticed event occurred at approximately midnight on Monday, October 31, 2011: The national debt of the United States exceeded, for the first time since World War II, the country’s gross domestic product. The website USDebtClock.org showed the gross domestic product crossing the $15 trillion mark for the first time on Monday, while earlier in the day the numbers from TreasuryDirect showed the total public debt outstanding at $14.993 trillion and growing by more than seven billion dollars a day."
http://www.thenewamerican.com/economy/commentary-mainmenu-43/9609-a-firs...
Would someone shut him up already so the fat-fingers at the Fed quits levitating this market
He just said savers should take risks in this ponzi market. Boy, I'd be pissed to no end if I were on a fixed income, unable to work or the average american. Oooops!, I am an average american. Life sucks1 I'm pissed!
His mouth is moving.... He's lying again.
He came right out and said he doesn't mind screwing over savers for the greater good. Sorry son of a bitch.
f granny
Bernanke just said they believe that the unemployment we are experiencing is cyclical? Cyclical. Somebody send this man his pink slip.
everybody needs to relax..........ben says that by 2014, unemployment will be down to 8 percent.........
if they continue allowing more ilegal immigration.
should be hanged for treason
Ben i just saw a tree. Should i tell someone where it is?
No.
Why?
Because that tree is money.
ows has it all wrong. we are here to help the people...
Binky is better spoken than Greensqueak ! Greenie would speak slowly and carefully select his words only to make bizarre usage of the language ! Binky spits it out glibly and makes the Capitol idiots sound good to themselves ! You can tell it's all staged because they always break just in time for lunch or whatever ! Shit and git ! Monedas 2011 Comedy Jihad Reality Rehearsal
just heard sth. about "aggregate demand" and "increased spending" and had to lmfao all the time. how could anyone say actually nothing by using so many words like the bernank?
He's an academic. Remember the degrees, Bull Shit (BS) More Shit (MS) and Piled Higer and Deeper (Ph.D). That part of his expending of effort is in line with current expectations. Never say anything in active voice, always make it passive voice so that your statements are more vague. It makes it easier to deny and defend oneself later if need be.
Ben, Passive voice: Due to Fed role expectations and the dual mandate of price stability and employment, intervention in markets is deemed necessary in order to avoid the possibility of a double dip recession.
Notice how wordy, yet vague. You are not certain who did what.
Ben, Active voice: I drove the economy off a cliff and into a depressionary abyss with my printing press, my ginormous Fed balance sheet, and low interest rates.
Notice here you can tell specifically just who did what.
Why each time this idiot speaks, the market rallies?
Perhaps the PPT or what the hell ever it's now called?
Anything other than " Idiocy" ' is perceived as positive. Just remember , all the votes are based on spending, not growth!
This just in: The Bernak has been cast to play the lead in the remake of The Producers! Liesman rumorded to be co starring!
a song for chrome dome, bernank............we love you benjamin........we know you. we want you real bad........
http://www.youtube.com/watch?v=eYwKGDe7AnQ
"Watch Ben Bernanke's Press Conference Live"
Why?
Because you can't watch it dead?
Okay, I'll go sit down. I don't have a good answer.
damn. I missed it. and of course there's not a replay available.
ok, here's a classic vid mash I did some years ago on the Fed Chairman:
No Country for Old Ben
http://www.youtube.com/watch?v=FrpuVDMW6lw
take note that Ben's hirsuite look borrows heavily from the monkey
Dumb money ramping stocks after the fascist bank leader speaks!
trust me, insiders are selling into this rally! HFT's are covering for them!
I just can't watch this idiot. It's an insult to my IQ.
Fucking 'market analysts' (read teet suckers) are drooling over the difference in fed positon from 'they were discussing further action' to 'ready to impliment further action if needed.' Get me off this stupid rollercoaster. This market reminds me of the teen girls at an Elvis concert (bernanke being elvis).
Silly me. Here I am, under the profound impression that everyone had a close relationship with the Fed Chairman, and that he actually had something meaningful to say for us.
His voice began to really quiver when he began defending the Fed's policies, stating the intent was to help the broader economy and not a bailout/subsidy of/to his employer's owners.
Blankfeins got one
I'm sure Corzines got one
Does the Bernank have a criminal attorney yet?
he's got Ike Sorkin on retainer
Frank Zappa had Bernanke and his crystal ball pegged dead on with his 1974 tune "Cosmik Debris" .... "The price of meat has just gone up, And your old lady has just gone down!".
http://www.youtube.com/watch?v=KeQ_58G16Rw
too bad he left too early for this party.............
Link is broken as a new upload. Strangely enough, my exact copy works perfectly.
http://www.youtube.com/watch?v=KeQ_S8G16Rw
Works though as a direct ctrl+c/v, with 50k views.
My nose is itching, someone is sniffing my packets.
In the ethical dilemma test of the Overcrowded Lifeboat scenario where some people need to be thrown overboard or all allegedly will perish, Captain Bernanke decides to throw overboard the weaker people on the lifeboat, the savers, so that the stronger ones, the international investment bankers, can row to safety :
According to a recap on MarketWatch today of Bernanke’s "savers lose, borrowers win" comment :
Very low interest rates are hurting the returns that savers count on, Fed Chairman Ben Bernanke acknowledges. But he says that savers should realize that these low rates are for "the greater good" -- the health of the U.S. economy. He says savers won't ever receive decent returns on their savings until the economy is doing better, because the best investments are investments that are made in an economy that's growing. – Rex Nutting
Students are asked, Is this ethical?
The fly-in-the-ointment with the ethical dilemma faced by the Captain of the overcrowded lifeboat is that in our modern version, our Captain saves his employers, JP Morgan Chase and Goldman Sachs.
IOW, Captain Bernanke rips the life jacket off the American saver so that the JP Morgan Chase CEO can be “saved.” That’s the JP Morgan Chase CEO who makes 843 times the median household income and pays his Chase customers 0.01 percent on their savings.
The Fed’s interest rate policy costs savers and investors more than $350 billion a year, according toTodd E. Petzel, chief investment officer at Offit Capital Advisors. Consumer price inflation is running at more than 11%, according to Shadowstats.
Believe it or not, the low interest rate environment will motivate investment.
"Parking" money is actually generating negative interests. Equities are dead.
So what are American millionaires and billionaires going to do from this point on? Sit on their cash until their last days?
It just might work if the money is being put to work as it should.
I really think this guy believes that if he just gets up there and simply says, "Hi!", that the markets will go up!
Apparently, he has been proven right....dumb mother f'ers!!!
Hey!
What's that Jon Corzine lookin' motherfucker doing on the TeeVee...
The Fed keeps on playing just like the band on the Titanic. Housing bubble? What housing bubble? One word for the Fed chairman: TOSSER!