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Forum Post: There Goes Bernake Spewing His Nonsense Again

Posted 8 years ago on Oct. 1, 2012, 5:03 p.m. EST by hchc (3297) from Tampa, FL
This content is user submitted and not an official statement

http://www.zerohedge.com/news/2012-10-01/guest-post-ben-bernanke-just-told-massive-lie-about-milton-friedman

I'm pretty sure there has never been, nor ever will be, a economist who thinks that wreaking havoc on the global economy is a smart move.

Nice job to the current adminstration to keep all the same clowns involved that are the ones that created this mess.

Same shit, different pile. Time to get a bigger shovel.

15 Comments

15 Comments


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[-] 1 points by hazencage (58) 8 years ago

The Federal Reserve can not really lower interest rates any further so what else are they supposed to do?

[-] 0 points by hchc (3297) from Tampa, FL 8 years ago

The reason they cant lower them anymore is because they have screwed themselves into a corner.

They shouldnt be doing anything at this point. Manipulating the markets and delaying the inevitable is pointless.

[-] 0 points by yobstreet (-575) 8 years ago

The lack of liquidity argument is all bullshit, too. "Banks have no money to lend" was the convenient lie that Americans embraced because it has allowed working and middle class husbands to deny their wives in the relentless pursuit of more through debt; they're saying, "the banks have no money! With an Irish smirk of, "I like it. I really, really, like it."

This federal bank of debt serves only the .01% while every year Americans see their buying power or ability to stay afloat retreat just a little bit more; the question is my mind has always been one of, at what point does it become a realization? Setting assets aside, most have suffered at least a 10% combined loss over the last seven to eight years; they may not feel it until the sudden realization of a 25 - 30% loss which I would expect to occur over the next three to four years.

OWS support of this administration is in direct opposition to their public stance on virtually all issues; it's a ruse intended to appeal to those of societal angst and attract Obama votes.

At the debates he will unveil yet another inspirational. But if he steals another term, in light of wars and economic woes, the Dem party will eventually cease to exist and the Republican party of the future may be vastly different - at some point we're going to see the birth of a new American party.

[-] -2 points by Mowat (164) 8 years ago

They are supposed to leave the scene once and for all. These gangsters have hijacked the money supply. They should be forced to stop printing money which indirectly taxes people on their savings and salaries. Every time this shitty entity decides to "help" the economy by printing more money, investors will go on buying assets in stock market shares in order to escape liquidity which becomes devalued through the process. This makes people think that the market is getting better.

By printing money out of thin air, the government is lowering the value of the dollar (its buying power) thus creating inflation. They use this printed money to supply banks with money that contains part of the wealth of the nation. In other words, the banks are taking your money! They are in it together.

This, once, a wealthy country where everyone could own a home/car/what-have-you is becoming the most debited nation on Earth. Most people live in rented apartments or are paying tons of money to the banks in back-breaking interest for their homes and cars. It's funny - and sad - how so many people are being duped by the "clever" Zionists. Now you know what Zionists are all about.

[-] 0 points by hazencage (58) 8 years ago

//By printing money out of thin air// lol. Look up the Term Treasury Auction.

//lowering the value of the dollar// what makes you so sure that is a bad thing?

[-] 1 points by Mowat (164) 8 years ago

Cause & Effect.

See how rich this land is. See how poor its people are.

It's the effect of the cause (money-controllers from Hell.)

[-] 1 points by hazencage (58) 8 years ago

correlation does not equal causation.

[-] 1 points by notaneoliberal (2269) 8 years ago

So true, and the greatest periods of gain by the working class happened during periods of inflation. What can you do with these people?

[-] 0 points by hazencage (58) 8 years ago

so you are blaming inflation? Remeber their are two kinds of inflation. what are they?

[-] 1 points by notaneoliberal (2269) 8 years ago

No, I was not blaming inflation. Maybe you thought that was sarcasm. The 1950-1970 time period was a period of steady moderate inflation. It was also a period of great prosperity for the working class. I was agreeing that correlation is not causation.

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[-] -1 points by Mowat (164) 8 years ago

Theft is never a good thing.

Printing money not backed by real value is theft. How can that be good?

[-] 0 points by hazencage (58) 8 years ago

you didn't answer my question. Google strong dollar vs weak dollar and read up on how it effects imports and exports.

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[-] 0 points by Clicheisking (-210) 8 years ago

I can't agree with you. bush and his cronies accelerated this situation. We can only hope that Obama will correct it.

[-] 0 points by hchc (3297) from Tampa, FL 8 years ago

This has been in motion for a long time. Bush Sr, Clinton, Bushie, and now Obama is only helping to accelerate it.

"We can only hope that Obama will correct it"... That line of reasoning is the entire reason we are in this mess.

....clicheis? Perhaps?

[-] -1 points by Clicheisking (-210) 8 years ago

Not cliches. Just the truth. Obama represents real progress for this country. And by extension the world.