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What if Obama replace Bernanke?

cohodkcohodk Posts: 19,187 ✭✭✭✭✭
in Precious Metals
With helicopter Ben gone, do the printing presses stop? Do we lose the desire for inflation?
Excuses are tools of the ignorant

Knowledge is the enemy of fear

Comments

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Maybe BHO could hire an actual helicopter pilot.
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    Have you not heard Obama the last two weeks? He has big plans, if he replaces Bernanke, it will be with someone else who believes you spend your way out of our current problems. Plus a lot of the money is already out there, just not circulating yet, I suppose they could recall that by buying back Gov Bonds or something, but I don't think that is in Obama's plans at the moment.
    imageQuid pro quo. Yes or no?
  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭


    << <i>Have you not heard Obama the last two weeks? He has big plans, if he replaces Bernanke, it will be with someone else who believes you spend your way out of our current problems. Plus a lot of the money is already out there, just not circulating yet, I suppose they could recall that by buying back Gov Bonds or something, but I don't think that is in Obama's plans at the moment. >>



    2 things come to mind.

    1. Spending will just maintain the status quo and keep the hole from geting deeper. I see no inflation in that.
    2. There is no money out there.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • rpwrpw Posts: 235 ✭✭
    Obama can't touch him until February 1, 2010.
    imageimage Small Size National Bank Note Type Set $5-$100
  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭
    Bernake's the perfect boy for the job. JP Morgan, Goldman & Sons will have a cushy spot for him when he leaves the Fed. In the meantime, who could do it any more prolifically than Ben?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭


    << <i> 2 things come to mind.

    1. Spending will just maintain the status quo and keep the hole from geting deeper. I see no inflation in that.
    2. There is no money out there. >>



    What are the banks that are being given all of this money doing with it? Thought that they were supposed to lend it at low rates to pump money into the economy. . .

    Of course alot of folks are afraid to borrow now and until that changes the economy will continue to tank and deflation will be the rule. Right?
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
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  • gecko109gecko109 Posts: 8,231 ✭


    << <i>

    << <i> 2 things come to mind.

    1. Spending will just maintain the status quo and keep the hole from geting deeper. I see no inflation in that.
    2. There is no money out there. >>



    What are the banks that are being given all of this money doing with it? Thought that they were supposed to lend it at low rates to pump money into the economy. . .

    Of course alot of folks are afraid to borrow now and until that changes the economy will continue to tank and deflation will be the rule. Right? >>




    Deflation? Stuff for the most part is either staying the same, or going up in price. Look at the very company that runs this forum. Did they decrease or increase their prices for 2009? You could point to gasoline as an indicator, however, energy costs are specifically left out of an inflation/deflation index. The price of eggs, milk, cars, and entertainment has NOT fallen, but rather has increased.
  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭


    << <i>

    << <i>

    << <i> 2 things come to mind.

    1. Spending will just maintain the status quo and keep the hole from geting deeper. I see no inflation in that.
    2. There is no money out there. >>



    What are the banks that are being given all of this money doing with it? Thought that they were supposed to lend it at low rates to pump money into the economy. . .

    Of course alot of folks are afraid to borrow now and until that changes the economy will continue to tank and deflation will be the rule. Right? >>




    Deflation? Stuff for the most part is either staying the same, or going up in price. Look at the very company that runs this forum. Did they decrease or increase their prices for 2009? You could point to gasoline as an indicator, however, energy costs are specifically left out of an inflation/deflation index. The price of eggs, milk, cars, and entertainment has NOT fallen, but rather has increased. >>




    I just paid $2.15 for a gallon of whole milk on Monday night. It was over $3.50 last year. There are MAJOR deals to be had if you are looking for a new or used car. Companies have elected to layoff workers, rather than lower prices. This will only lead to less demand, which will result in lower prices. The best that the FED can hope for is that prices remain stable.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BearBear Posts: 18,953 ✭✭✭
    How about we eliminate the entire Federal Reserve

    and turn all of their powers over to the Treasury Department.
    There once was a place called
    Camelotimage
  • DeadhorseDeadhorse Posts: 3,720 ✭
    And I just paid $9 for a jar of olives that was $4.50 last summer.

    Meat and dairy may be a bit more volitile based on demand, but nearly everything in my shoppng cart has increased and by at least 15% and more in many cases.

    Ground sirloin seems to be about the same as last summer but that was the only thing in my cart that was. Bakery items are way up.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
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