Bernanke Denies Causing Inflation

AOL ^ | 2/4/2011 | Connie Madon

[blam]

"Is Federal Reserve Chairman Ben Bernanke stoking inflation? Of course he is. Anyone with common sense knows that if you give $600 billion cash to the banks with no qualifications -- as he did with the second round of quantitative easing -- they will use it to speculate in the markets. JPMorgan Chase (JPM) just bought $1 billion of copper. "

[PSYCHO-FREEP]

That's Federal Reserve magic for you..........When the treasury goes empty, “POOF” out of thin air, springs another Trillion Dollars for spending and distribution amongst the Corporate Cronies.

More magical than that is the situation where the Federal Government loans money to itself, then prints more worthless cash to buy it's own debt from itself and pays itself back with money that never existed in the first place!

Now there is some brilliant financial wizardry there. And Burn-yank-me, is a master at it. (Or so he thinks.)

[Auntie Mame]

Do you know how to explain what happened with inflation during the Carter years, or do you know of a good book to explain THAT inflation? I’m having a hard time wrapping my mind around the inflation during the Carter years with insanely high interest rates, and the inflation going on right now with insanely low interest rates.

[Freedom_Is_Not_Free]

Inflating home prices back up has been the plan all along. Anything But Deflation. The only question has been, does the FED have the means to inflate us out of deflation. Some point to Japan as proof they don’t have the means to force inflation. The jury is still out, but BurnYankee’s helicopter has been flooding dollars toward that end.

He is only one of a huge horde of scum sucking liars in government, business and the media. As long as Joe Brainless buys the lie, he will never stop.

[The Comedian]

Inflation, which doesn't exist, is nobody's fault. At least nobody in government. Or the Fed.

It just happens randomly and without forethought or cause, just like pregnancy, or third world starvation, or Joe Biden's words.

Today is a good day to die.
I didn't say for whom.

[BlackVeil]

Inflating home prices back up has been the plan all along. Anything But Deflation.

I totally agree. Inflation is the "answer" to so many problems, including the pension plans which states can no longer afford. If they are paid in devalued dollars, they become worthless.

It is not just in the US. In a recent article, the British govt denied that they were trying to launch inflation in order to inflate away debt. Oh no ... indeed no. They have denied it.

[FromLori]

Sweet deal huh the Bernank gives Obama’s favorite banker Jamie Demon a bunch of money to play with and he knows a good thing when he see’s one electric vehicles...

“Because an electric motor is used as the primary propulsion source, these vehicles will have a much higher copper content than a conventional vehicle”

http://www.copper.org/publications/newsletters/innovations/1998/02/ev_intro.html

President Obama’s Favorite Banker

http://www.economicpolicyjournal.com/2009/07/president-obamas-favorite-banker.html

[blam]

"I’m having a hard time wrapping my mind around the inflation during the Carter years with insanely high interest rates, and the inflation going on right now with insanely low interest rates."

You're in early, high interest rates are coming.