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Keyword: benanke

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  • Gold: The new bond vigilante for the country to big to fail.

    07/18/2011 9:28:02 AM PDT · by milwguy · 5 replies · 1+ views
    7/18/2011 | milwguy
    As Ludwig Von Mises once famously postulated ...."Paper is the only commodity that government can render worthless merely by applying ink". In our current economic environment, our merry band of incompetents, Obama, Benranake, and Geithner are intent of proving Von Mises correct. In his testimony before Congress last week, Bernanke got into an argument with Ron Paul about his overuse of the gov't printing presses. Bernanke actually told Paul that 'gold is an asset, it is not money". This kind of hubris by the man charged with running the Federal Reserve has been noticed by the rest of the world,...
  • Government can’t print money properly

    12/06/2010 1:54:07 PM PST · by hattend · 31 replies · 1+ views
    The Lookout News Blog and Yahoo ^ | Mon Dec 6, 9:36 am ET | Zachary Roth
    As a metaphor for our troubled economic and financial era -- and the government's stumbling response -- this one's hard to beat. You can't stimulate the economy via the money supply, after all, if you can't print the money correctly. Because of a problem with the presses, the federal government has shut down production of its flashy new $100 bills, and has quarantined more than 1 billion of them -- more than 10 percent of all existing U.S. cash -- in a vault in Fort Worth, Texas, reports CNBC