Forum Post: Any thought on Bernake's comments?
Posted 12 years ago on March 2, 2012, 6:14 p.m. EST by Riley2011
(110)
from New Britain, CT
This content is user submitted and not an official statement
I was interested in what Bernake said the other day, about the harm of long term unemployment.
He also stated that the economy's growth has been "uneven and modest by historical standards."
He did mention Europe's debt crisis and the price of gasoline on the rise.
So when does it come crashing down? Or is everything peaches and cream?
They are in oh sh!t mode. There is no fix for Greece. Basically the IMF has been buying time for Greece, waiting for some other countries to get far enough ahead of the recession so they can shift the debt. That isn't happening and there simply is nobody with the capital to cover it, but we are all tied to it none the less because we (the US fed) already own a large stake in it. Can't save them and can't detach from them. OH SH!T
Bernanke's full of shit and a liar!
Remember....."He who has all the gold.....Makes all the rules"! All of Bernanke's comments are a magic trick using illusions to tell people the sky is falling to continue the same bullshit path because along with the US Fed Reserve........they still think their "Economic Models" work and are continually perpetuating the same lies and bullshit to continue the same shit they have only gotten better at bullshitting 99% of the rest of the world. Of course Bernanke's not worried about long term unemployment. He's only worried about keeping the Fed Discount Window rate at .1% to continue the same banking practices until it makes every country an "Economic Slave" to the banks.
With your second point.......He also stated that the economy's growth has been "uneven and modest by historical standards."
With looking at charts that show indexes of shit bought and sold I guess a 3rd grader could make that assessment.
It's almost like me saying......."With the economic data that is distibuted by MSM it's to my best judgement that I believe everything that MSM perpetuates." Sounds good but is so full of holes and shit that thank goodness for OWS for continually beating the Drums methaphorically that they all are corrupt and criminal!
Look at it this way........if Greece needs $171 BILLION dollars for a "bailout"...........1) How did they really and truly get into this situation ??? and 2) Who's to collect this supposed $171 Billion dollars. Looks like it all leads back to criminal banking and accounting!
Historical standards............my ass!
Heres a couple nice little sidenotes!
For the last 8 weeks MSNBC every friday would post some BS about "Investors and Greek Debt" before the monday opening of Wall Street. If the stock market done well for the week the headline would read "Investors fear Greek Debt in the coming week" or if the market did poorly it would read the opposite......"Stock market declines in fear of Greek Debt."
Now you would have to be a total moron not to short any of your Greek stocks or bonds plus after 8 weeks of hearing this bullshit would you even buy Greek stock or bonds????? This whole bullshit was to make the Greek people to accept austerity mearsures by force thru propaganda.
How about this.......on F29...................30.....THIRTY............Three Zero.......colleges and universities in California protested against various issues but the most prominent was tuition rates. Let's say 100 people per campus protested.....thats 3000 PEOPLE in 1 state. You would think this would be important as State news but nowhere in MSM locally or nationally was there any mention of the GRAND SCALE of these protests. Not to mention the other protests all over this state and the nation combined. You know what appeared on MSNBC........A skier died in an avalanche! Now that is sad but with as much organization and coordination you would think the College students would have gotten some type of coverage!
Everything is not peaches and cream however the sky is not falling either.
Gas prices are on the rise due to 2 factors. 1) The ole' arch nemisis financial strategy. The same bullshit the US did during the "Cold War...hahaha" If you have an imaginary enemy like we did with Russia we could out dick measure them with building bigger guns. As it relates today to Gas prices.........all Isreal has to due is crank up the propaganda that Iran is the "Enemy" and since Iran produces 20% of the worlds oil. 2 things happen. 1) the fear price that oil wont be available and 2) sanctions Irans oil to control the market by making huge profits from fear of this imaginary shortage by raising prices because of this imaginary enemy.
The #2 reason was the unusually warm winter which meant less heating oil was bought. In order to reclaim 1st quarter profits the market is being manipulated by the same bubble practices that were used during the Housing bubble. Its an imaginary price inflation that I'll buy shit at this price and sell the same pile of shit to someone willing to pay the price i'm selling it for then..........rinse and repeat. However it was always a pile of shit and it was never worth more than it was originally paid for but if you believe it's worth more......I'll sell it to you at a profit and then you can sell it at a profit and again......rinse and repeat. It's the same tried and true "Enron" scam except with a different commodity!
Thats why 400 people own all the wealth in this country!
in a nutshell, he said that the fed is willing to tolerate elevated unemployment at the expense of keeping core inflation under control
i agree with his strategy
Probably when the bombs start falling on Iran. Greece is completely dependent on Iran for Oil (no one else will give it credit)... soon as Iran gets bombed, Greece is going to tank and take the rest of the world with it.
nope, food's going up with gasoline as it always does
Well shit, he and his cronies create and cure depression, recession, and periods of economic growth.
Please read this speech to Congress from Louis T. McFadden (American Hero) from 1934.
http://hiwaay.net/~becraft/mcfadden.html
Louis McFadden was a certifiable nut job, the template for conspiracy whackos from his tim e on, and was laughed out of office.
You may have a valid point, but using him as a source destroys your own credibility.
In your opinion and based on what you understand to be trus. His character was assassinated prior to his mortal assassination. I ask you if you think JFK was a whacko conspiracry theorist?
The fact is you have not sufficeintly done your homework. This financil system has been hijacked since the First National Bank of the United States was chartered on February, 25th 1791. It was th e ultimate sellout.
"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild
The Federal Reserve Act of 1913 was not drafted by anyone in Congrress it was drafted behind closed doors on Skull Island off the coast of Georgia. This my friend is not conspiracy it is fact.
You just do not have sufficent facts to make the asrbritrary statements that you make in relationship to McFadden or this topic in general, but you are entitled to and I amd encourage your opinion and participation. Thanks.
As I said, you may have real valid arguments to support your position. I know a good deal about McFadden. His speeches alone are evidence enough of his lunacy. And using him as a reference does NOT bolster your case.
Once again, YOUR argument may be sound. None of HIS were.
Richard Great post..I too think that we are going to learn how interconnected we are As a global economy
Why do I see a cloud on the horizon?
It's not a cloud it's a Cat 5 Global Hurricane!
I chuckle every time I hear him extoll the economic healing virtues of all Americans borrowing money and keeping the debt cycle rolling.......