Bernanke just doesnt have a clue...

[Feelgood]

http://biz.yahoo.com/ap/080315/fed_interest_rates.html?.v=9

 

[Rhys]

they're doing a 'surge'. it's not over. they think they'll win. they also think they'll win in Iraq.

 

[kirkblitz]

glad i bought some gold

 

[Alawn]

I think he does have a clue. He just lies about what his goal is. He wants to tank the dollar.

 

[OptionsTrader]

He has a clue, but he is going to do what is in the banks' best interest anyway. That's his first priority, not the county's best interests or the poor/middle class people's best interests.

 

[Alawn]

Any time the interest of the banks conflicts with the interest the country the fed will always choose the banks.

 

[AJ Antimony]

No, the man definitely has a clue, he's just lying every time he speaks.

 

[aravoth]

He has a clue, but he is going to do what is in the banks' best interest anyway. That's his first priority, not the county's best interests or the poor/middle class people's best interests.

+1

The guy knows exactly what he is doing.

 

[constitutional]

And for the record, don't say Americans did not see this coming: "I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered." - Thomas Jefferson.

 

[OptionsTrader]

And for the record, don't say Americans did not see this coming: "I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered." - Thomas Jefferson.

I was talking to a 50 year old woman and she told me "I get my information from the View, I know that is sad but that is what I do."

History schmistory, Barbara Walters will tell them what they need to know if it is important enough, right?

lol, we are fucked.

 

[Rhys]

I was talking to a 50 year old woman and she told me "I get my information from the View, I know that is sad but that is what I do."

History schmistory, Barbara Walters will tell them what they need to know if it is important enough, right?

lol, we are fucked.

that's why we have a republic and not a democracy. a concept forgotten by all but a few.

 

[DrCap]

I go from thinking bernacke has not got any clue to the idea he thinks he doing everything he can to save the economy and knows he's propping it up everywhere....

1). bernacke can't be a moron to get as far as he has, though he may turn out to be very damaging for many americans.

2). I've known a number of otherwise very bright economists who don't quite agree with the Austrian school (ie chicago school economists). So just because they have such a background that may be very free market, etc, they may still not quite see what's playing out right now. And many of these folks would feel the data will guide them to make good decisions.

3). I think bernacke and co. are actually very worried. If they weren't they would not have been as aggressive with cutting rates. They also may believe they can inflate their way out of this mess successfully.

So in conclusion, assume bernacke is a ethically good person, who is intelligent, but has a very basic flawed theoretical foundation in monetary policy. He knows he might be wrong, as much as he believes his foundation and so is secretely probably very nervous... Put all this together in the pot, with the election year and hints from bush to delay the recession, etc. and I think you have his current position.

Now don't attack me too much, these are assumptions, and I don't completely rule out the possibility of double talk etc, ppt trying to burn shorts and other games they may be playing in a very ruthless fashion, I just don't think they are really that savvy. (though I'm worried they could be that slippery).

 

[JeNNiF00F00]

I was talking to a 50 year old woman and she told me "I get my information from the View, I know that is sad but that is what I do."

History schmistory, Barbara Walters will tell them what they need to know if it is important enough, right?

lol, we are fucked.

Isn't Barbara Walters CFR?? Seems like I saw that somewhere.

 

[Corydoras]

Isn't Barbara Walters CFR?? Seems like I saw that somewhere.

Yup.
http://en.wikipedia.org/wiki/Members_of_the_Council_on_Foreign_Relations

 

[Tom228]

I remember Alan Greenspan on Jon Stewart talking about the Federal Reserve and Free Markets. According to Greenspan; the US didn't need a Central Bank such as the Federal Reserve because of the Gold Standard. Since the supply of gold is relatively stable aside from those gold supply shocks, there would be no need for an Central Bank to control the money supply. But with our fiat money system, a Central Bank is needed in order to control the money supply.

here's the video:

http://youtube.com/watch?v=hctMdz5BqGA

 

[danberkeley]

I was talking to a 50 year old woman and she told me "I get my information from the View, I know that is sad but that is what I do."

History schmistory, Barbara Walters will tell them what they need to know if it is important enough, right?

lol, we are fucked.

well, not us. but the people who watch the View and Oprah et al are. lol

 

[Cowlesy]

http://www.youtube.com/watch?v=_Er69b4HMl8&feature=related