Senate reaches deal on Bernanke votes

The Fed can take the next ten years off. Do you really think they are going to raise rates? This is going to turn out just like Japan. Sure we may get a token rate hike to 1.00% in a couple of years just to make it look like there doing something.
 
just found this one.
here goes another 4 years.
Ben-Bernanke-39795.jpg
 
70 relected the dealer. Shiller from Yale would've been a better Fed chief.

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Japan died years ago.
 
Quote from Covertibility:

70 relected the dealer. Shiller from Yale would've been a better Fed chief.

Japan died years ago.

Yeah, Japan should be dead a long time ago.
But they have Toyota and JVC and what else to add to their GDP.

I have to quote an interesting comment from the SHTFPlan site from last November
http://www.shtfplan.com/forecasting/us-government-total-bankrupt-in-a-year-and-a-half_11102009

Quote from Patrick:

I realize we are NOT Japan, and we have basically no savings, but consider the following. Our debt as fraction of GDP is only about 80-90%, while that of Japan is OVER 200% already, and headed for approx 250% by 2014! I don’t know what fraction of their govt debt is funded internally vs by foreigners, but I’m sure their internal funding is a lot higher than ours.

It is crazy though, to think that they are at 2-3x the debt as % of GDP that we are at… and they’re not collapsing.
 
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