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I WOULD LIKE TO ASK YOU ALL 700 trillion of phony instruments are inflationary (asset inflation to be more correct) and no matter what accounting you use for economic activity these 700 trl are extremely dangerous.

small business are the backbone of the economy.

Go to cuba then, 0% unemployment..................enjoy it.!!!!!!!!!!

To be an effective FED chairman Mr Bernanke needs to study Bubbleconomics volume 2 when Greenspan finish it.

Yeah I hear this Economy very weak. How about Depression already?? Stock Market free fall. How about CRASH?? Banking Industry crisis. How about the whole thing INSOLVENT?? Government bailouts. How about future tax burdens on taxpayers to pay the fed?? Oh yeah I do listen to a lot of stuff...

A year from today the stock market was at 12,200 and now is at 6,700. A 44% LOST. What was the % lost from Oct 1929 to Oct 1930??? I bet they are about the same or 2008 is even bigger.

Finance?? How about Accounting??? As far as I am concern most people in business schools hate finance and accounting, lets not even mention economics. I have my BS in Economics but I prefer to work in Accounting, I am good at it and I have little competition.

STOCK BELOW 7000. I think floor is 6000

As an immigrant myself I am happy. illegal immigration is very negative to legal immigration. Only LEGAL immigration.

I think there is a strong possibility people might want him to run for a 3rd term.

I think it is called transferring wealth my friend. That is what really happens in crises.

The constitution gives congress the power to issue money, however, congress has delegated this function to the fed. I think that If congress regains power over the issuance of money things will be better, although no perfect. As you well said govt always screw with money, but I think is worse...

They can't allow banks to fail because that is how money is created. In essence they would kill the money making mechanism.

Forget about the 19th century, in the 20th and 21st century, the problem is central bankers. To prevent screwing around with money, simply don't make make too much, stop m1,m2,m3. There should only be one currency.

My concern is about what is in those m1,m2,m3 are not liquid forms of money. They have been dropped there to increase "credit" and for the last decades have increased at astonishing rates. That's why I drop the question "What is money???" Apparently there are many forms of it.

No I am not that sure, but there are things in m2 and m3 that we would not consider them to be money. Check them out please. you will see.

Is not surprising, he is into deep trouble and will now make others responsible for his wrong accions. CIVIL WAR in Venezuela.

Interesting. However, I am worry that there are many types of money. The kind of money banks uses to generate credit is not the 5,10,20,50,100 notes that you and I use. My concern is that because there are some types of money for different purposes, this generates crises. Example: M3...

Check out my thread about bubbleconomics

GUYS LETS START NOW BY DIFINING "MONEY". Our money supply has many components, some, so large that I would not consider them money as it should be. WHAT IS MONEY??? CAN THERE BE MANY TYPES OF IT AT THE SAME TIME BASED ON LIQUIDITY??? Just like we have in m1, m2 and m3???