Bernanke's doing well

[Pa(b)st Prime]

Paul's the only person in elected government willing to link artificially low rates with dollar debasement. Everyone else loves to use hackneyed jargon like "market forces at work" as if "markets" make pricing decisions predicated upon random policy choices.

This cheap money has been death and because 99% of American's are either clueless or beneficiaries (every home owner and stock holder has been rewarded 20x since the 60's) talking about lack of purchasing power and standard of living gaps is strictly taboo.

Bernanke is making the same grave error committed by the U.K.'s Heath government in 1972. By manically choosing growth over price stability, inflation in England hit 25% in 1974. We could be SHOCKED at the surge in the cost of essentials soon to hit us.

 

[ElCubano]

Quote from gnome:

.. + I've paid $MILLIONS in taxes...

this alone is reason to bitch..... considering where it all ends up...

 

[jficquette]

Democrats are pathetic at this meeting.


John

 

[jficquette]

Quote from musicman:

Yea well did you see that guy just nail Bernanke on low interest rates and people who save and have money in CD’s . Basically he called him out on the low interest rates hurting the dollar, and people who actually save money. This bullshit with the Fed lowering interest rates to help the sub prime and Economy is bullshit . Low interest rates caused this whole mess to begin with. These idiots keep making the same mistakes.
Just keep lowering interest rates so that people who can not afford to borrow will borrow more. Just plain dumb from people who are suppose to be so smart.
They should raise rates and wash out all the bullshit !!

That guy was Ron Paul.


John

 

[daddyeaux]

oopps...

Sanchez just turned traitor...fading the dollar...our own government ...junkin' our stuff

 

[Ivanovich]

Quote from buzzy2:

It's british-style black humor.

In a moment, the Benny Hill music will start playing, Ben Bernanke is going to get up and run around the congress room at high speed with the interviewers chasing him with hands in the air. They'll go in one door, come out another. Then an angry gorilla will chase Ben while 5 or 6 scantly clad women in lingerie chase ben, and then vice versa.

<object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/spz8_rpE0e0&rel=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/spz8_rpE0e0&rel=1" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>

 

[lindq]

Quote from jficquette:

Democrats are pathetic at this meeting.


John

I do have to feel sorry for Bernanke being forced to sit in front of this group of pontificating blowhards.

A very, very sad testimony on the people we have sent to "represent us".

 

[musicman]

"That guy was Ron Paul."


I know .

 

[Cache Landing]

I don't want to defend Bernanke, but in all fairness he is in a no-win situation. He either causes a crash later, or his life/job sucks for the next few years as he catches crap from polititians left and right, and Joe American blames him for retirement losses.

Sucks to be him, and a good part of it was caused by Greenspan who gracefully bowed out before it all started to hit the fan.

 

[gnome]

Quote from Cache Landing:

I don't want to defend Bernanke, but in all fairness he is in a no-win situation. He either causes a crash later, or his life/job sucks for the next few years as he catches crap from politicians left and right, and Joe American blames him for retirement losses.

Sucks to be him, and a good part of it was caused by Greenspan who gracefully bowed out before it all started to hit the fan.

Nevertheless... the Fed has the choice to either promote "America's best interest" or to do "other".

Paul Volker raised rates and "squeezed out the crap". We need such courage and discipline NOW!

FWIW... look up "Gramm Rudman Hollings Act"... about 1987