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Bernanke speech

CaptHenwayCaptHenway Posts: 34,090 ✭✭✭✭✭
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
Professional Numismatist, Retired. 55 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. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.

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    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.
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    jmski52jmski52 Posts: 23,995 ✭✭✭✭✭
    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.
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    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

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    ProofCollectionProofCollection Posts: 7,995 ✭✭✭✭✭
    How do you think he will respond to Japan cutting interest rates?
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    timcointimcoin Posts: 674 ✭
    Fixing this disgrace in all fifty States and on a Federal level would be a good start.
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    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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