-blames oil, what, copper prices for inflation
-says emerging markets have tools for inflation...LOL
"Under all circumstances, our policy actions will be guided by the objectives of supporting the recovery in output and employment while helping ensure that inflation, over time, is at levels consistent with the Federal Reserve's mandate"
For those of you not well educated in greek mythology, the goddess Panakeia was the the goddess of healing. Thus, printing money is not the agent of healing? So stop giving the wrong medicine...
LOL
Click here for entire speech ...
SGS,
ReplyDeletethe financial have been hit pretty hard. They need QEx. You taking trade XLF?
No. Im dont trade when this lunatic talks.
ReplyDeleteschiff is going to have a field day on this speech...cant wait.
ReplyDelete@malcolm: I'm waiting for a real QE announcement. Bernank is just walking all over his dick in this speech. ES still down.
ReplyDeleteLOL,
ReplyDeleteI'm sure as hell he will dissect Benny with a meat cleaver!
Zero Hedge, has the transcript.
ReplyDeleteSame ol, same ol
the fuck head forgot to talk about the shortage in gold and silver ....I guess its just not that important.
ReplyDeleteHold on there was was some veiled bullshit.......
Yes I also can't wait for Schiff's comments. Schiff was on fire yesterday on his radio show, blasting Obama for taking 500 "support staff" with him to the G8. Including 35 cooks. lol Can't wait to hear his commentary on the Bernank.
ReplyDeleteSO with QE not happening and interest rates set at nothing, who is going to buy US debt? I have to assume we are about to have a crash where US debt becomes the safe haven again then? i.e. Gold/Silver, stocks and commodities will be made un-safe as they crash? Am I missing something or is Ben lying? Somebody has to buy out worthless debt?
ReplyDeleteNot at all the way I read it. Jobs still weak and falling, GDP in the crapper, and interest rate hike would tank the economy. Ben did exactly what he did last time he made cautious statements. I read between the lines and say QE3 is a rose. A rose buy any other name would not be so sweet.
ReplyDeleteIMO, eloquently spoken to gently state that jobs are a far cry from what they need to be so QE cometh. And gents to will play into the hands of the next silver leg up!
QE3 has been a rose for a long time. Real question is when exactly?
ReplyDeletewhy would anyone listen to this dickhead...He is a POS and no one while he is delivering his BS shouts out in disrespect for his shit for brains rhetoric..he needs to be yelled at and shouted down in PUBLIC...fuck him and the horse he rode in on....
ReplyDeleteShlomo has spoken. Expect the ESF to go into action shortly, and mark a short term bottom on the S&P. This is about making QE3 palatable and retention of power by the bankers. Since the attention span of the American public is about three weeks, I expect a right shoulder top on the S&P around August 3, followed by an adrenaline induced Wall Street yelp for cash. Of course, Joe Eightpack has no stocks or cash either for that matter, (let alone pm's) so it will be up to the chattering classes to decide on devaluing the dollar. This will be done. It's now just a question of timing. Keep an eye on the Euro, despite protestations from every cocksucker of Larry Pudblow's ilk, it's broken out and tested a long term trend line that barring a reversal soon around 148, spells ditchwater dollar. A reversal in the Euro may happen, as gold looks to be overextended and due for a pullback soon after marking a nominal new high, but any way you slice it they're gonna print money.
ReplyDeleteThis guy is beyond "tool". He's an entire fucking Home Depot, Ace, and Lowes all rolled into one.
ReplyDeleteBecause I am too lazy to do the research, since the inception of the federal reserve in 1913, has there ever been a chairman that wasn't Jewish?
ReplyDelete@Tom H.- By blood, no, not all of them. By action, yes, every single one.
ReplyDelete@Tom good grief Tom, two minutes with google yields this.
ReplyDelete:)
glad to see people are starting to catch on
ReplyDeleteag thug, what's google? LMAO
ReplyDeletea zionist controlled search(i.e. spy) engine
ReplyDeleteagThug,
ReplyDeleteWhiteCivilRights.com! Really, I hope that was just search result.
I know we all use the term "running around like a chicken with its head cut off" without ever once witnessing a chickens head being cut of, and it running around all frantic like. But in the case of "QE3 is coming or not", no chicken without a head here. I can proudly say, IT DOESN'T FUCKING MATTER!!! If it does, were fucked. If it doesn't, were fucked. Just keep buying silver and gold, stock up on food and ammo, make sure you have maps and a couple survival books on edible plants and trapping animals stashed away. Be ready for shit hitting the fan, but don't go about your days worrying about it. If it comes, you know you will be ready. If it doesn't, well, you're still alive aren't you so what the hell were you worried about? Take a break, relax. This wont play out like a movie, all terror and destruction all the time. No.... this is different. The boring parts will not be edited out.
ReplyDeleteHighrise,
ReplyDelete>without ever once witnessing a chickens head being cut of
I used to have chickens and cut their heads off with an axe. And yes they do flop around even with no head. They don't "run around" but they most certainly do "flop around". Just speaking from experience.
Highrise408: great post
ReplyDeletereefman: witnessed them too. They flop around like sons-a-bitches...especially the larger ones.
ReplyDeleteChris from The Weekly Telegram, says hes all in cash, lol.
ReplyDelete@malcolm
ReplyDeleteHey it's from the interwebs, it's gotta be true.
That Shit Was Funny!!!!
ReplyDeleteHey peoples.
ReplyDeleteI'm not form the US but I do have a US etrade account due to my employer having a stock plan system and such.
I've been noticing how the PE ratios of US stocks were ridiculously low for some time and I am anticipating another big crash, but I am afraid to have my wealth in currency in case of a bank collapse during the downturn (which you would have to expect is a reasonable possibility).
Etrade apparently use the Bank Of New York. Does anyone have any idea how well they would fare in another collapse? I know that there is supposedly insurance, but if there was a widespread banking collapse then I imagine the insurers wont be able to cover it, so the whole thing sounds like a complete farce.
SO should I keep my wealth safely in depreciating stocks, or should I sell into relatively stable currency and risk it all in order to jump on the dips?
P.S, I already have gold and silver :p