Bernanke: Fed will use all tools at its disposal

Yahoo finance ^ | Mark Felsenthal; Editing by Leslie Adler)

[Lady GOP]

WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke said on Saturday the U.S. central bank would use all of its tools to stabilize financial markets and pull the economy out of recession.

"At the Federal Reserve, we will continue to forcefully deploy all the tools at our disposal as long as necessary to support the restoration of financial stability and the resumption of healthy economic growth," he said in remarks prepared for delivery at a naming ceremony in Dillon, South Carolina.

A copy of his remarks was distributed in Washington.

[Lady GOP]

He will be using further interventionist strategies to ensure we will be pushed into a depression.

[ETL]

The Fed lowered benchmark interest rates to near zero in December...

How about "negative interest rates" where the banks, I meant the guberment, pays US interest when we borrow money or use our credit cards?

[Lady GOP]

The problem is there are too many tools running the country.

The problem is there are too many tools running the country....off the cliff.

[Lady GOP]

[sport]

Yeah. Soup lines. rationing, confinskation, starvation.

History tells us that each time that the Communists take over a Nation, they kill off a good percentage of the population. That is the next step here.

[ETL]

The problem is there are too many tools running the country....off the cliff.

The problem is there are too many (F)ools running the country....off the cliff.

[Caipirabob]

I'd say "Excellent" but let's just stick with "Accurate" as I just can't associate the former as a description of the current situation. : )

[Caipirabob]

Not that I have that much to run with but what good would it do or be if the bottom is a total currency change. Imagine Bama nickles.

GAH!

Stop it! LOL!!!!

: )

[RFEngineer]

“we will continue to forcefully deploy all the tools at our disposal”

Translated: We’re running the printing presses at full tilt, and whipping the operators.

We’ll buy all the debt the treasury dares to issue with the money we are printing with wild abandon to support the policies of spend spend spend.

We’ll continue to print money in exponentially increasing denominations to support the coming inflation.

The Fed: Destroying currency & savings the old fashioned way.

[Red in Blue PA]

“Bernanke: Fed will use all tools at its disposal”

Translation: We are adding faster gears to the printing presses.

[palmer]

The only tool it has left is to print huge quantities of monopoly money. This will bring about 3, 4 and 5 figure inflation.

To make that work Zero and associates will have to nationalize a lot of incomes so they can be raised along with prices. Or just eliminate other incomes Zimbabwe style (90% unemployment) and hand out soup coupons. He will start with a nationalized auto industry, then unionize everything else and raise the minimum wage as prices rise. I could easily see a scenario with triple digit inflation.