Gotta call 'em as you see 'em
derryb
Posts: 36,793 ✭✭✭✭✭
From Forbes:
"In a semiannual report to Congress, Fed Chairman Ben Bernanke told politicians that commodity-price inflation, and oil prices more specifically, could pose a threat to economic growth and price stability if sustained at high levels, while at the same time reassuring markets and politicians that inflation remained low and expectations stable."
From derryb:
"Ben Bernake and the Federal Reserve Bank are a threat to economic growth and price stability. Inflation is much higher than reported and economic expectations are frightening."
"In a semiannual report to Congress, Fed Chairman Ben Bernanke told politicians that commodity-price inflation, and oil prices more specifically, could pose a threat to economic growth and price stability if sustained at high levels, while at the same time reassuring markets and politicians that inflation remained low and expectations stable."
From derryb:
"Ben Bernake and the Federal Reserve Bank are a threat to economic growth and price stability. Inflation is much higher than reported and economic expectations are frightening."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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Comments
"People are catching on to our massive ponzi scheme, and the rising commodity prices are a sign that this current system is on its way to collapse."
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Why does the economic news these days sound like a Monty Python sketch???
The problem is it ain't funny!
Fred, Las Vegas, NV
can confiscate, secretly and unobserved, an important
part of the wealth of their citizens.
There is no subtler, no surer means of overturning
the existing basis of society than to debauch the currency.
The process engages all the hidden forces of economic
law on the side of destruction, and does it in a manner
which not one man in a million is able to diagnose."
-- John Maynard Keynes "The Economic Consequences Of The Peace."
<< <i>Why does the economic news these days sound like a Monty Python sketch???
I do say, my walk has become a little sillier lately.
<< <i>Why does the economic news these days sound like a Monty Python sketch??? >>
I agree CaptH. Now for something completely different.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
"Not increasing the debt limit is like saying you're going to solve your family's debt problems by not paying your credit card bills,"
As opposed to what Benny? Solving your family's debt problems by opening a new credit card and living off that till its maxed out?
Is this guy an idiot, or is he just trying to push this snakeoil for as much as he can?
<< <i>As opposed to what Benny? Solving your family's debt problems by opening a new credit card and living off that till its maxed out? >>
What I don't understand is why people always say "if we did yada yada yada then China won't keep buying our debt so be nice because we need them"
Which makes no sense because that new "credit card" is digging us into a deeper hole. If they didn't buy the debt it would be like the bank telling the family "no new credit card, start reducing your spending and paying off your debt". Wouldn't that be good for the long term?
Kinda glad I own precious metals.
I knew it would happen.