Posted on 07/13/2011 4:36:31 PM PDT by Iam1ru1-2
Edited on 07/13/2011 5:00:29 PM PDT by Admin Moderator. [history]
Bernanke said in prepared remarks that the economy is growing more slowly than expected, and should that continue the central bank stands at the ready with more accommodative measures.
"However, given the range of uncertainties about the strength of the recovery and prospects for inflation over the medium term, the Federal Reserve remains prepared to respond should economic developments indicate that an adjustment in the stance of monetary policy would be appropriate."
(Excerpt) Read more at cnbc.com ...
It’s official.
There is snail excrement that is smarter than Bernanke.
Continue that path of destruction!
The vandals are coming back
Printing MOre money are we? Sell your US dollars and buy Australian.
These liberal facisists in the Obama regime deserve the utmost ridicule.
They do not have any money for their ACORN programs, or their Union buddies if the debt ceiling is not increased.
Thats the long and short of it.
I SAY STARVE THE B__TARDS.
There is a saying that liberals don’t understand when something they try doesn’t work; they just think they haven’t done enough of it.
And what part of “this country is broke” don’t they understand?
I guess Ben finally got that new shipment of refill ink for the printers.
Make them stop...just freakin’ stop it Washington D.C.
Default... please, please...actually default.
Then can we just shut it down and the only ones allowed back in are those willing to volunteer to save our Nation’s backside and our children’s futures.
I will gladly go through this hell now...if it means my great nieces and nephews will live in freedom.
That’s the problem with government. No matter how many times you fail, you get to keep doing the same thing over and over again.
I just spit Coke all over the keyboard.
This was yesterday my FRiends - the markets open a couple hours here in Southeast Asia -
It is going to be a BLOODBATH!!
I was watching this Bozo on C span this morning and He thought that the devaluing the dollar didn’t cause inflation or the cost of oil going up....
The dollar getting beaten like a red-headed stepchild.
This could get very very ugly. Fugly in fact.
One last QE before the elections to promote what is left of the economy to bolster reelection chances.
“The possibility remains that the recent economic weakness may prove more persistent.... implying a need for additional policy support,”
Did it ever occur to him at any time or anywhere in his grey matter that “policy support” has created the economic weakness?
He probably would argue that its not devaluation. I think he is that far out of the sanity wagon.
Who expected robust recovery with a Democrat in the White House besides John McCain?
It should be called the DC Incumbant Re-election Slush Fund.
Oh yeah! The rich get richer and Conservatives get the blame.
Life is good in Obamaland. :)
How impossibly Escher.
--------------------------
 Obama's stimulus put unions ahead of a healthy economy. He placated the unions and torpedoed the private sector. And there you have it, a jobless, non-recovery. Unions feed the Democrats campaign cash so that Democrats will get elected in order to give unions sweetheart deals at the taxpayer's expense. Two rounds of quantitative easing and it's all fiat money now. Meaning that it has value only because the Fed says it does! So we have an unstable economy wobbling atop unsound money. Money that the government takes from taxpayers, or borrows with no intention of paying it back, or prints without end. Obama and his Administration admit that they don't have any idea what's wrong with the economy. Bernanke said: "We don't have a precise read on why this slower pace of growth is persisting" -- Wednesday, June 22, 2011.
If they tell us we had 1.8% growth, it really means we had no growth or negative growth. Obama owns this mess. Wise money has been running like rats from a sinking ship from Obama's first day. Every day he brings more damage to the country. Democrats want more spending and no accountability. So fire up the presses. And make sure Ben doesn't run out of ink printing all that money - with nothing backing it up! Obama bamboozled millions... gave them the old 'okee doke.' Eff'n commie. |
Make them stop...just freakin’ stop it Washington D.C.
Default... please, please...actually default.
Then can we just shut it down and the only ones allowed back in are those willing to volunteer to save our Nation’s backside and our children’s futures.
I will gladly go through this hell now...if it means my great nieces and nephews will live in freedom.
Very Well Stated. Too bad Washington doesn’t care what we think.
He can issue all the stimulous he wants from his bank account. Since it’s not debt and “stimilous” spending approved by the US Congress, taxpayers should not be obligated to pay him back. It’s nice of ole Ben to use his own pile of wealth to stimulate the economy for his good friend Barack. The banksters are always looking out for us!
30 Ben Bernanke Quotes That Are So Stupid That You Won’t Know Whether To Laugh Or Cry
http://www.freerepublic.com/focus/f-news/2748048/posts
Cry.
I’ve come to the conclusion that whatever Bernanke says, we should do the opposite.
a noted one, who kept a tavern at Amboy, was standing at his door, with as pretty a child in his hand, about eight or nine years old, as I ever saw, and after speaking his mind as freely as he thought was prudent, finished with this unfatherly expression, "Well! give me peace in my day." Not a man lives on the continent but fully believes that a separation must some time or other finally take place, and a generous parent should have said, "If there must be trouble, let it be in my day, that my child may have peace;" and this single reflection, well applied, is sufficient to awaken every man to duty
Oh, THAT’S gonna help...
that's an apt description.
Color me surprised.
They are stealing the value from existing dollars, yours and ours, by printing up these new dollars. This is economic vandalism in my opinion.
This would be a great idea if the money did not go straight to the banks. Which is all Bernanke can do, give more money to banks.
We need to start building again to catchup and surpass our competitors. The city of Shanghai makes the city of Dallas look like a small town in comparison.
As a country we have become Google/Facebook/Twitter zombies. Its time to work again. Where would the money come from? Same place Bernanke gets his money, from us.
I am no capitalist wiz kid (wish I was) but I would start the work building a new unified modern [T]ransportation, [E]nergy, [C]communication system throughout all 50 states. Imho TEC are the building blocks of capitalism moving forward.
Every TEC contract would have a Hoover Clause. The Hoover Dam was built specifically stating who would be hired to build the Dam. The Dam still stands strong today.
So I am not afraid that if we have a Hoover Clause that says for example; only US Citizens can be hired for TEC. That somehow we would just fail cause some other country has workers who can do it better.
Honestly Im sure other countries do, but if we don’t build TEC ourselves then we will never learn from the process and we will always be reliant on other countries instead of self reliant.
Obama and the rest of the communist party are losing their base so they need more “walking around” money to hand out.
If anyone hasn’t seen todays sparring between Ron Paul and Big Ben then they should definitely take a look.
Ron Paul sure is one crazy congressman.
http://www.youtube.com/watch?v=2NJnL10vZ1Y&feature=player_embedded
I just saw that Youtube, was Bernanke the only one applying for the Federal Reserve job? I looked at his resume on Wiki, it looked like he successfully failed up. :/
>> Ron Paul sure is one crazy congressman.
Not necessarily “crazy” bump.
Is it “more slowly” or “slower”?
The folks in DC have officially moved into the realm of “a good rope and a fine hanging”.
Quantitative Easing Explained (Obscenity Free Edition)
http://www.youtube.com/watch?v=5JO43HH7CXQ
The most likely explanation is that Easy Money Ben is feeling like ol’ Bernie Madoff towards the end of his run. The house of cards is starting to crumble and the only way to keep it going one more day is to recruit more “investors”. There probably comes a point where putting off the inevitable just one more day or one more week becomes the guiding, operating principle.
“And what part of “this country is broke” don’t they understand?”
They do understand.
They understand we’re legally obligated to pay debts with dollars.
They understand nothing says those dollars must maintain particular value relative to anything else.
They understand they control the presses.
They understand reducing spending is political suicide.
They understand the only favorable option they have is to fire up the presses and make as many dollars as they need.
They understand this solution doesn’t work _for_you_, but they don’t care because it works for them, and will work better the more of it they do.
Cash out.
Stock up.
Bumpy ride comin’.
That’s right,keep throwing crap in the crapper til it unclogs.
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