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Bernanke speech

CaptHenwayCaptHenway Posts: 33,379 ✭✭✭✭✭
in Precious Metals
Bernanke wants to cut the deficit, but he doesn't want to either:
A: Raise taxes, or
B: Cut spending.

link

What part of this equation do you understand?

TD
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Author of "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.

Comments

  • meluaufeetmeluaufeet Posts: 768 ✭✭✭
    Hey Capt,

    I guess he wants QE2,3,4,5,6,7,8.....

    And a few more 'Man of the Year' honors from Time Magazine. Maybe a Presidential Medal of Honor.
  • jmski52jmski52 Posts: 23,871 ✭✭✭✭✭
    What he said was that HE didn't want to be the one to do it - that is better left to the politicians.

    What a guy!
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BuffalodeBuffalode Posts: 339
    Cutting spending and deficits seems to be a popular topic nowadays, but most of the speeches by those in positions of authority seem to include some version of "now is not the time". I can't help wondering when it ever will be the time.
    Bob

  • ProofCollectionProofCollection Posts: 7,540 ✭✭✭✭✭
    How do you think he will respond to Japan cutting interest rates?
  • timcointimcoin Posts: 674 ✭
    Fixing this disgrace in all fifty States and on a Federal level would be a good start.
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭


    << <i>How do you think he will respond to Japan cutting interest rates? >>



    Simply put, NO country wants their currency strong. I don't think any country is even giving lip service that they want a strong currency!Great for gold appreciation and you are seeing that today in the price of gold. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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