It's official : Bernanke has lost his mind

Volker was never "in". His views are inconsistent with this administration and he is simply too old to win the battle for Obama's ears.

There seem to be no constraints on their idiocy. The only remaining question is will the real run on the dollar be next week or six months from now but the run is coming.
 
Quote from Swan Noir:

Volker was never "in". His views are inconsistent with this administration and he is simply too old to win the battle for Obama's ears.

There seem to be no constraints on their idiocy. The only remaining question is will the real run on the dollar be next week or six months from now but the run is coming.
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Agreed. The documentary on youtube about Argentina's economic collapse summarizes well what is next for the American dollar.
 
The entire "crisis" has happened by design so GS could eliminate its competition and move one step closer to becoming the world bank while JPM becomes the world's Fed. <b>Goldman Sachs: Coming to a country near you.</b>

Quote from Kamala:

EXACTOMUNDO

this is the part not many are getting

this is all by design :cool:

FED guys are not stupid nor incompetent
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Quote from Kamala:

EXACTOMUNDO

this is the part not many are getting

this is all by design :cool:

FED guys are not stupid nor incompetent
More...

Bernanke is doing everything possible to avoid repeating the same mistakes the Fed made during the last depression.

Unfortunately he is not considering that the cause of the last depression, came from actions taken by the Fed during the 1920s , which is exactly what the Fed is doing again.

Yep, history does repeat itself.

Enjoy while it lasts. :)
 
Quote from Swan Noir:

Volker was never "in". His views are inconsistent with this administration and he is simply too old to win the battle for Obama's ears.

There seem to be no constraints on their idiocy. The only remaining question is will the real run on the dollar be next week or six months from now but the run is coming.
More...

Too bad. He was the only person on his economic team with any "sense".
 
After the Dow has retraced 100%, he will proclaim "What crash? See, it's all good."

Meanwhile, Rome will be burning at his feet, but he won't notice or care. He'll have his market recovery for what little it will actually be worth.
 
Quote from wjk:

After the Dow has retraced 100%, he will proclaim "What crash? See, it's all good."

Meanwhile, Rome will be burning at his feet, but he won't notice or care. He'll have his market recovery for what little it will actually be worth.
More...

the fed is no longer 'a factor' in the market, it is 'The Factor', that overrides everything else

get everything else right, but that one wrong, and you lose
 
Quote from endsongs:

Well, Paul V. couldn't raise rates much even if he were in charge. Unlike when Reagan was President, there was not this massive load of debt run up by previous Presidents. As stated in my previous posts, you can't raise rates too high too fast with this much debt without crippling the economy under the burden of massive interests payments. See Japan and other countries. We are already approaching the point where people and governments will need to borrow just to pay interest even with the fund rates so low.
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I hate to nitpick and all, but BHO managed to triple the budget deficit he inherited from the previous monkey in his first three months in office. So, pardon me if I don't buy the "poor barack inherited all this bad mess".
 
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