25 votes

Bernanke Confirms: "If We Were To Tighten Policy, The Economy Would Tank"

Bernanke Confirms: "If We Were To Tighten Policy, The Economy Would Tank"

Mac Slavo
July 18th, 2013
SHTFplan.com

Financial analysts have opined that the United States is well on the road to recovery. They cite various data points to make the case that the multi-trillion dollar bailouts and stimulus have brought us back from the brink of a collapse so serious that Congressional leaders had been told that should the bailouts fail, there was a real possibility of martial law being declared.

We’re doing so well, in fact, that just a couple of years ago President Obama assured the nation of our progress, claiming that we “reversed the recession, avoided a depression, [and] got the economy moving again.”

But were one to take a step back from the rhetoric of talking heads, political leaders and so-called Wall Street experts, a completely different picture begins to emerge

Read more: http://www.shtfplan.com/headline-news/bernanke-confirms-if-w...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Here's the whole testimony...

...For those asking for a source, or video.

Thanks emalvini for posting it to a thread that got no attention whatsoever.

http://www.c-spanvideo.org/program/313982-1

EDIT: I didn't watch it all yet, so I probably will soon here :)

Keep your eye on the prize! - Ending legal tender laws in order for the Federal Reserve System to self-destruct is of the upmost importance.
What in the World are They Spraying https://www.youtube.com/watch?v=jf0khstYDLA
http://geoengineeringwatch.org

BUMP! I must have missed this. Sorry for the late comment.

This IS big.

That rat Bernanke is going to time his exit right about the time the SHTF.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Right, Uncle Benny! The bullcrap plundocratic economy would tank

That's Right, Uncle Benny! The bullcrap plundocratic economy would tank! The economy that serves the 0.001% and strips the rest of us of all our wealth and ships it to foreign creditors overseas would tank! He's absoltuely right! But we can't stop the crime wave now, can we? Know how many back orders Rolls-Royce has for its hand-painted Landau carriages? Mont Blanc just came out with their limited edition rhino horn watch bands. Back ordered!

Anyway, there are still too many of us with two nickels to rub together. QE won't stop till one or both of our fingers are broken to release them buffalos.

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"

I hate Ben Bernanke. I can't

I hate Ben Bernanke. I can't believe there is a human being as stupid as he is, who is running our economy. Why are stupid idiots like him aloud to exist?

Truth

Would 'tanking' really mean a return to principal housing/food/gas prices and the dissolution of fiat currency when intrusive government finally loses economic control?

If so, the sooner, the better

Government Is The Drug Pusher

The more drugs the government hands out the more addicted America's people become..

Like a prostitute selling herself to the sex addict..

America has played the Harlot

Recovery summer, welcome to the recovery

green shoots.
Been hearing this for nearly five years and the next recession is already starting!
http://smaulgld.com/how-to-spot-an-economic-recovery-addict/

Please subscribe to smaulgld.com

shtfplan

A website called Shit hits the fan plan is hardly a reputable source.

There is no productive economy.

There is borrowing to pay cronies and to support a bloated federal government.

If Benny stops, cronies won't get paid and government will not have money to waste.

Free includes debt-free!

If Benny were to tighten policy, it would be revealed

that the economy remains in the tank.

And it's a very short trip from the tank to the bowl.

Like a doctor saying "If we were to stop giving heroin to the

patient we have CURED, he would keel over dead in a heartbeat."

Just how is the patient cured again?

I see the stimulus economy

I see the stimulus economy akin to a meth addict. We should crash and go to sleep so we can actully wake up to a real economy but once the hit wears off we keep doing another bump. Now of course with QE infinite we pretty much have Meth hooked up to an IV slowly dripping into our veins.

We all share this eternally evolving present moment- The past and future only exist as inconsequential mental fabrications.

True,

if Bernanke tightens then the market will tank. But, the conclusion (Bernanke is going to tighten, exit) of the article is speculation. If he tightens, then he is purposely collapsing the financial system. I do believe that all the money printing is causing inflation, but, there is a price for gold that will balance the books of the system. Bail-ins do not solve the FED's problem (higher prices for housing). If interest rates rise, then the bank go bankrupt. JPMorgan does not want to go bankrupt. My conclusion to Bernanke's statement is he will not tighten, just threaten to tighten. We will see.

BOOM!!

Dear Dr. Ron Paul: if you read this please respond if you can about Bernanke's comment.

Thank You,

'E"