Quote of the day from the Bernanke
derryb
Posts: 36,793 ✭✭✭✭✭
PMs continue to look promising because we have a liar (and an idiot) running our economic control center:
"The Federal Reserve's actions in recent years have doubtless helped stabilize the financial system, ease credit and financial conditions, guard against deflation, and promote economic recovery. All of this has been accomplished, I should note, at no net cost to the federal budget or to the U.S. taxpayer." - The Bernanke, June 6, 2011
"The Federal Reserve's actions in recent years have doubtless helped stabilize the financial system, ease credit and financial conditions, guard against deflation, and promote economic recovery. All of this has been accomplished, I should note, at no net cost to the federal budget or to the U.S. taxpayer." - The Bernanke, June 6, 2011
"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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I knew it would happen.
"I should note, at no net cost to the federal budget or to the U.S. taxpayer."
This could be the joke of this century if we look back in 50 years.
Probably someone is telling "the truth" if they say that NOTHING is made in America any more, or NO ONE is working, and EVERYONE is on food stamps, and the dollar is WORTHLESS, the world is RUINED, and NO ASSET IS EVER BETTER THAN GOLD FOR ANYONE AT ANY TIME OR PLACE
Liberty: Parent of Science & Industry
So the FED's budget is not part of the "government".... until we bail them out!
In God We Trust.... all others pay in Gold and Silver!
<< <i>Yeah, for sure a bunch of internet message board yahoos are a lot smarter than the Chairman of the Federal Reserve.
Probably someone is telling "the truth" if they say that NOTHING is made in America any more, or NO ONE is working, and EVERYONE is on food stamps, and the dollar is WORTHLESS, the world is RUINED, and NO ASSET IS EVER BETTER THAN GOLD FOR ANYONE AT ANY TIME OR PLACE >>
Ben, is that you? Welcome to reality.
"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
You heard it here first!
I knew it would happen.
<< <i>Yeah, for sure a bunch of internet message board yahoos are a lot smarter than the Chairman of the Federal Reserve. >>
I think the degree of smartness has nothing to do with it.
When I see a man jumping off a cliff, I don't need to be smart to draw the conclusion that something bad is going to happen to that man.
<< <i>or NO ONE is working, and EVERYONE is on food stamps, and the dollar is WORTHLESS >>
I'm working, and I don't get food stamps, and I just traded a bundle of dollars for another ounce of gold.
And just to throw fuel on the fire, on Monday I started a new job as GM Americas Region for a Chinese company. It's true, they do have all the money, but they offered to share a small pile of it with me. Interstingly enough they also offered to pay me in whatever currency I wanted, including RMB/CHF/Euros/Dollars.
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Roger's Text
Yes he is retarted and yes he has been bullied by girls and yes he has learning difficulties; yet, he has a beard. He has one adult trait.
Miles
<< <i> a bunch of internet message board yahoos are a lot smarter than the Chairman of the Federal Reserve
You heard it here first!
I don't have a problem with that statement.
This one was funny, another thing that "cost the taxpayer nothing":
Auto bailout speech fact checker
A) "The Federal Reserve's actions in recent years have doubtless helped stabilize the financial system, ease credit and financial conditions, guard against deflation, and promote economic recovery. All of this has been accomplished, I should note, at no net cost to the federal budget or to the U.S. taxpayer." - Ben Bernanke, June 6, 2011
or
"The debts that are in this country are skyrocketing. In the last three years the government has spent staggering amounts of money and the Federal Reserve is taking on staggering amounts of debt. "
"When the problems arise next time…what are they going to do? They can’t quadruple the debt again. They cannot print that much more money. It’s gonna be worse the next time around."
"The U.S. is the largest debtor nation in the history of the world. The debts are going through the roof. Would you keep lending money to somebody who's spending money and not doing anything about it? No you wouldn't."
"I hope he doesn't come back with QE3 but that's all he knows. The only thing he knows is to print money."
"They're gonna bring it back because [Bernanke will] be terrified and Washington will be terrified," he said. "There's an election coming in November 2012. Washington's gonna print more money." ----Jim Rogers June 8, 2011
My money is on B........................MJ
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......
A ten year recession. Oh what a feeling.
Would you like fries with that sir?
Although it is moving in the right direction, the economy is still producing at levels well below its potential; consequently, accommodative monetary policies are still needed.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>
Although it is moving in the right direction, the economy is still producing at levels well below its potential; consequently, accommodative monetary policies are still needed. >>
Producing at potential would mean a zero or negative savings rate. Thats what got us here in the first place. Is that what we really want?
Knowledge is the enemy of fear
I have a very strict gun control policy: if there's a gun around, I want to be in control of it - Clint Eastwood