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Bernanke: We Don't Have 'Tools' to Offset 'Fiscal Cliff' Dive



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Uncle Ben! Got tool ideas? Win prizes fron the US Treassury!

Yes Uncle, it is true! The US Government is giving away prizes for tool ideas! They discovered foreigners are using mobile devices to access your global financial information. You, with all your ideas, may already be a winner! Here is our Rosie Rios, US Treasurer announcing the plan.

Rosie Ries, US Treasurer offers prizes for financial ideas! Mobile application! Listen to these 2 minute introductory offer.

You may be the first to patent your idea on how to save our economy.

  • Fiscal Cliff, Save America App
  • National Debt, Co-Sign for America App
  • Bailout a Foreign Nation App
  • IMF Loan Broker to Foreign Nation App
  • Word Bank Loan Broker to Foreigner at Large App
  • And for a limit time only, "Save the Fed" App

Hurry. Operators are standing by. Uncle! We mustn't dawdle. Pip pip!
_______________________ Fine Print__________________________

The U.S. Department of the Treasury, together with partners the D2D Fund & the Center for Financial Services Innovation, kicked off the MyMoneyAppUp Challenge to solicit ideas from the public for mobile applications to help Americans shape their financial futures everyday—even while on the move. ... To submit your ideas, visit http://MyMoneyAppUp.challenge.gov.

Your Treasurer, Rosie Rios (My signature is in your wallet.)

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Cyril's picture

Over Or Not Over The Cliff

"[...]we're ALREADY over the cliff. Question is how we're going TO LAND !"

-- Ron Paul

---
Ref.

http://www.dailypaul.com/262343/ron-paul-were-broke-and-alre...

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Robert Rubin & the Ink Jets painted the Comex tape gold

"You took my watch, & pawned it too!"

Robert Rubin & the Ink Jets (played by Ruben & the Jets ~ Really Frank Zappa & the Mothers of Invention playing a cheap trick.).

Robert Rubin, Treasury Secretary suppressed Comex ® Option price of Gold to pretend his Strong Dollar policy (Rubin. Not Ruben nor Zappa). "Legal Tender" ... I am the "Great Pretender." But that is not my song either.

These are all bad takes. I will leave it for you to decide which is worse.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Bernanke

Bernanke seems like a pretty big tool to me...

Resist the temptation to feed the trolls.

Cyril's picture

Agreed, same impression here. And a fancily bearded tool at that

Agreed, same impression here. And a fancily bearded tool at that.

"Why anyone takes his views seriously is a mystery."

-- Ron Paul ("Conversations with Bernanke" - End The Fed)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

http://www.hulu.com/watch/243

http://www.hulu.com/watch/243601

Resist the temptation to feed the trolls.

That made way more sense than the usual political commentary :-)

Now that song is stuck in my head.

Cyril's picture

LOL

LOL

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

What is all this smoke? [Cough]

This is what we see when you are exhausted.

Stop loaning us blind. You need to brake your habit.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Haven't the tools? Misplaced our gold. Our money.

Loaned us blind, with but promissory notes? ... "Legal tender?"

So tell us, Uncle Ben? If you abscond with our tools too, what then? You will put them on our tab too? Yet more bonds that bind us? Your National Debt?

What is this you say about an, "exit strategy?"

Fed Exit Strategy"

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Paper money isn't a real

Paper money isn't a real tool, it's an illusion.

And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

Why is this the case? Why

Why is this the case?

Why does anything have value? Because fundamnetally, people give it value. As long as people give fiat money value, it has value.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

No one gives paper money

No one gives paper money value, it represents force. You have to take it or else, that is what legal tender means. Except people are forced to take it for debts in court judgements and use it in taxes it has no value.

And taxes are themselves force.

Being forced to do something is not an indication of people's values

That is way free markets work better than marxism.

And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

You have to take it, or else

You have to take it, or else what?

Is someone forcing you tto live in this country? To do business in this country? To have a job in this country? To remain a citizen of this country?

I also have an issue with this idea that a free market would pick the "best" money. The "free market", would precisely arrive in a system we have today....why do you think our current banking system is the way it is? Because liberals want to help poor people, or because the wealthy of elite of this country want it to be so?

The free market would pick the money that is best for the most powerful people. Who normally controls the money supply in this country? Do you thinks banks would want stable, full-reserve money?

The only way to change that is to have a better informed populace, or a more moral banking-class. Those things are independent of a the presence of government force.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

How can you write such

Didnt you do a little looking around enought to realize its the same system in every country. Dont you know the name Rothschild? Dont you see the same corporate central bank in every nation issuing money as compounding debt.

Yet you boldly tell anyone who dont like it to leave.

I restrain myself from posting all the insults I wish to heap upon those like you who blame the victim. You are the problem and your solution is incorrect.

sovereign

Sorry I cannot help w/ your unanswered question.

My investigation lead nowhere. My conjecture is, there might be a typewriter involved.

The machine is at Bliss's, grimly pursuing its appointed mission, slowly & implacably rotting away at another man's chances for salvation.

I have sent Bliss word not to donate it to a charity (though it is a pity to fool away a chance to do a charity an ill turn), but to let me know when he has got his dose, because I've got another candidate for damnation. You just wait a couple of weeks & if you don't see the Type-Writer coming tilting along toward Cambridge with the raging hell of an unsatisfied appetite in its eye, I lose my guess.
- Letter to William Dean Howells, 25 June 1875

Twain's typewriter: ...I will now claim -- until dispossessed -- that I was the first person in the world to apply the typewriter to literature...The early machine was full of caprices, full of defects--devilish ones. It had as many immoralities as the machine of today has virtues. After a year or two I found that it was degrading my character, so I thought I would give it to Howells...He took it home to Boston, and my morals began to improve, but his have never recovered.
- "The First Writing Machines"

Please do not even divulge the fact that I own a machine. I have entirely stopped using the Type-Writer, for the reason that I never could write a letter with it to anybody without receiving a request by return mail that I would not only describe the machine but state what progress I had made in the use of it, etc., etc. I don't like to write letters, and so I don't want people to know that I own this curiosity-breeding little joker.
- Letter, 19 March 1875

One of Mark Twain's typewriters, a Hammond model circa 1880,
is located in the Mark Twain Museum in Hannibal, MO

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Cyril's picture

Outstanding Uncle Ben's ...

Had to watch it again, out of morbid curiosity. Couldn't help.

Seriously. This man's cynicism and contempt for anyone's intelligence in their sane mind...

... is just OUTSTANDING.

@ 0:33 :

"[...] But [...] I don't think the Fed has 'the tools' to offset that; that's why it's important for Congress [sic!] to address those fiscal issues soon, and you know, ['the good old' ?] bipartisan way [sic], in a way that achieves the necessary long term sustainability concerns [sic!] [...] but also takes into account [...] of how much restraint we will be experiencing for the next six months to a year [...]"

Woa.

Thank you for such a great, positive heads up, dear uncle Ben !

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Ben the puppet crime bank gangster family puppet

says he needs more power than just creating our sovereign curency digitaly as a compounding debt out of thin air unacountable to the people charged for the false debt.

Yah the criminal needs more power to save the country from the fiscal cliff that he has brought it to.

There was another character that took populations to cliffs, The Pied Pieper.

sovereign

No, Uncle Ben. You are late. No welcome sign in sight. Now git!

To my DailyPaul reader guests, :: Post Thanksgiving November 23, 2012

Thanksgiving: You ask me for a sentiment which shall state how much I have to be thankful for this time. For years it has been a rule with me not to expose my gratitude in print on Thanksgiving Day, but I wish to break the rule now and pour out my thankfulness; for there is more of it than I can contain without straining myself. I am thankful -- thankful beyond words -- that I had only $51,000 on deposit in the Knickerbocker Trust, instead of a million; for if I had had a million in that bucket shop, I should be nineteen times as sorry as I am now.

Trusting this paean of joy will satisfy your requirement, I am Yours truly, Mark Twain.
- letter to editor of New York World, 27 October 1907. Reprinted in Word Shadows of the Great by Thomas F. Madigan

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

I wanna hear the Fed's say (after we fire them all)

"Dey Terk errr Jerbs"

Cyril's picture

On Powerful Tools, The Universe, And Everything...

On Powerful Tools, The Universe, And Everything...

"Fractional-reserve banking permits a bank to make loans against the reserves it takes in as demand deposits. Full-reserve banking would not permit lending from demand deposits.
[...]
This "borrowing short, lending long," or maturity transformation function of fractional-reserve banking is a role that many economists consider to be an important function of the commercial banking system.
[...]
Additionally, according to macroeconomic theory, a well-regulated fractional-reserve bank system also benefits the economy by providing regulators with powerful tools for influencing the money supply and interest rates. Many economists believe that these should be adjusted by government to promote various public policy objectives.
[...]
Modern central banking allows banks to practice fractional-reserve banking with inter-bank business transactions with a reduced risk of bankruptcy. The process of fractional-reserve banking expands the money supply of the economy but also increases the risk that a bank cannot meet its depositor withdrawals
[...]"

http://en.wikipedia.org/wiki/Fractional_reserve_banking#Econ...

Your Honest Man's Curiosity Highlights

1. "Many economists consider..." ?

2. "According to macroeconomic theory" ?

3. "Benefits the economy by providing regulators..." ?

4. "Powerful tools" ?

5. "Many economists believe..." ?

6. "To promote various public policy objectives" ?

7. "Inter-bank business transactions" ?

8. "with a reduced risk of bankruptcy" ?! ... Er... WHAT FOR, EXACTLY ? Am I not allowed to go bankrupt ? But then, others "SHALL NOT" ?

9. "also increases the risk that a bank cannot meet its depositor withdrawals" ?! ... Er... Nevermind the depositor, then ?

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Woohoo.

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Oh sooo promising BY VERY DESIGN, WASN'T IT ?!!!

http://en.wikipedia.org/wiki/Jekyll_Island#Planning_of_the_F...

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Bear.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Tomorrow, in San Francisco,

Tomorrow, in San Francisco, we'll let the central bankers know how much we LOOOOOVE them and how much we appreciate everything they're doing so zealously, as they ARE DESTROYING THIS COUNTRY, debasing its currency :

http://www.dailypaul.com/263916/end-the-fed-2012-event-at-th...

Lots of love coming to them.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

This might be preaching to the choir, but..

I want to punch Bernanke in his face. Just once. Is that so bad?

It would be a sucker punch so he would "never see it coming." I'd call it a Federal Sucker Punch to fool people that the sucker punch was made to help Bernanke realize what he's doing...then charge him through taxes for my services.

Bernanke, if you're reading this: f**k you.

Lima-1, out.

If you don't know your rights, you don't have any.

i'm glad they admitted it;

i'm glad they admitted it; now it's time to replace them with someone who actually has solutions to the problem.

Translation. We the FED are the problem and you the people

are totally screwed and cannot do anything about it. And the only TOOLS are Bernanke, the FED, the bankers and congress.

beephree

ecorob's picture

they only have the "tools"...

to create the calamity, not to fix it!

END THE FED!

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

It can't be said enough:

END THE FED!

Lima-1, out.

If you don't know your rights, you don't have any.

had the exact same thought

to the point

He's got plenty of tools.

They are all taking their golden parachute jumps out of the helicopter of Benjy's.
My internet project for today.... Who is responsible to bring a "treason" charge, how is it done?

Love or fear? Choose again with every breath.