Showing posts with label Bernanke. Show all posts
Showing posts with label Bernanke. Show all posts

Wednesday, November 20, 2013

US Fed to get greater powers: Bernanke

As usual, the headlines are misleading.  The Fed is enacting laws--in conjunction with the International Monetary Fund--to prevent a taxpayer-funded bank bailout at the onset of the next financial crisis.  It sounds reasonable and noble enough, given the plundering of tax funds to recapitalize the collapsed banking industry in 2008.

The problem is the solutions they are now proposing, but are not being reported to the masses, include bank bail-ins, which target credit holders and "investors" in the bank.  In other words, they will raid customer deposits.

http://www.heraldsun.com.au/business/breaking-news/us-fed-to-get-greater-powers-bernanke/story-fni0xqe4-1226756295740

Monday, August 26, 2013

Saturday, July 20, 2013

Bernanke Passes The Buck On "Contained" Student Debt

I've always said Fed Chairman Ben Bernanke has a track record of being wrong on 100% of his forecasts.  I could flip a coin and be right 50% of the time.  But one has to TRY to be wrong 100% of the time.  In other words, he's not incompetent.  He's a trained liar.

http://www.zerohedge.com/news/2013-07-18/bernanke-passes-buck-contained-student-debt
2007 - "The subprime mess is grave but largely contained" - Ben Bernanke

2013 - "The amount of US Student Debt is large, but not particularly likely to cause macro-economic instability." - Ben Bernanke

Bernanke Ruminates On "Incomprehensible" Gold Prices

http://www.zerohedge.com/news/2013-07-18/bernanke-ruminates-incomprehensible-gold-prices

Monday, June 24, 2013

What's Bernanke Afraid Of?





http://video.cnbc.com/gallery/?video=3000176107&play=1

Tuesday, May 7, 2013

Bernanke's Neofeudal Rentier Economy

http://charleshughsmith.blogspot.com/2013/05/bernankes-neofeudal-rentier-economy.html
The Fed has directly created a neofeudal rentier economy and society. Giving the financier class unlimited access to free credit with which to buy rentier assets serves two purposes: 1) it drives the valuations of rentier assets ever higher, creating the useful (in terms of propaganda and perception management) illusion of economic vitality, and 2) it greatly enriches the financier class at the expense of the bottom 95%.

Goebbels would approve of the Fed's masterful propaganda campaign: rob the bottom 95% to benefit the financier class, all the while piously proclaiming that its policies were aimed at increasing employment for the bottom 95%.

In terms of propagandistic chutzpah, it doesn't get any better than this. Congratulations, Bernanke, Yellen, et al.

Sunday, April 21, 2013

WHO SAID THE HYDRA W OULD TAKE IT LYING DOWN

http://feketeresearch.com/upload/Who-said-the-hydra-would-take-it-lying-down-Prof-A-E-Fekete.pdf
"In fact, however, a lower gold price is making the problem more intractable, not less. The Fed is diving from the frying pan into the fire. This is the point missed by almost all observers and market analysts. They ignore the underlying flight into physical gold that continues unabated, in spite of (or, better still, because of) the panic in the paper gold market. The Fed’s intervention in bankrolling short interest is going to back-fire, for the following simple reason. The Fed’s strategy is inherently contradictory. A lower price for paper gold makes it easier, not harder, to demand delivery on maturing futures contracts.

The more paper gold Bernanke sells, the lower the cost of acquiring physical gold in exchange for paper gold becomes."