Bernanke predicts inflation
Posted June 3rd, 2008 by healthnut4freedom
output
Really! He is predicting inflation because of a weakened dollar. How sad. He doesn't think he can lower interest rates anymore to 'help' us. God help us.
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Seriously, you have to chuckle
The guy who is the head of the FED who is controlling our entire economy is JUST now giving a weak admission that our economy is faltering when in fact they are the ones with the finger in the dyke keeping it from fulling flooding over. They also have their reasons to do so.
Tomorrow, tomorrow, I love ya, tomorrow.
Bernake predicting inflation is like Annie singing "The sun will come out tomorrow". Master of the obvious.
weak dollar causes
weak dollar causes inflation? or Inflation causes weak dollar? typical deception by confusing cause and effect.
Blessed Lord Rothschild
BERNANKE YOU LYING BASTARD
THE DOLLAR IS GOOD
THERE IS NO INFLATION
It must be the Ron Paul Virus
Bernanke Good Damn You
Thnk God for the Federal reserve
Paul Warburg, JP Morgan, & John D Rockefeller were visionaries. We should be thankful that they still allow us to buy houses!
________________________________________________________________
"let it not be said that no one cared, that no one objected once it's realized that our freedoms & wealth are in jeoprady"
Ron Paul
Why Does Anyone Listen to this Fool?
The Federal Reserve is the Engine of Inflation. Who is this guy kidding? If it weren't for the Federal Reserve, there would be no inflation. We would have honest money. There would be no declining dollar.
Bernanke is part of this crooked system that has been stealing from the American people for almost a hundred years. It's time to pull the plug on the Federal Reserve. Let's all work to expose this criminal enterprise.
Apparently there is more too
Something I just learned about - http://.www.CAFR1.com
For the pornstar BillyDee
http://thebivouac.wordpre...
Ron Paul questions Bernanke at Joint Economic Committee
If I find any others to help you Billy, I will be happy to post it here.
I've seen it
I've seen just about every video and interview of Dr. Paul, but thanks.
My point below was the Dr. Paul does note hate Bernanke. He hates the Federal Reserves system. That's what makes him angry, not Bernanke personally. Paul is more mature than that. He knows that Bernanke is just a guy doing his job that's stuck between a rock and a hard place, because no matter what he does it's going to be wrong (in the sense of not setting the interest rate/money supply at the rate the market would set it). The Fed system is inherently inefficient.
--------
Dr. Paul says Barr is an ally (http://www.newsweek.com/i...)
and would do "a very good job" as president (http://www.youtube.com/wa...).
Watch for Barr on the Colbert Report Jun 4, and on the Glenn Beck Program Jun 5.
Anyone who follows the strings that hold him as a puppet
is not a person to be respected.
He is a coward and drowning in the Whitehouse spins and lies, and not enough spine to stand up and leave it behind.
Not true
The smartest economist should take the job, so as to prevent lesser minds from taking the job and harming the economy worse.
Greenspan took the job, while believing that the Federal Reserve should not set the money supply. That's an honorable thing to do, in my opinion. It's better that an anti-statist is in the position than a statist.
Bernanke is doing his best to try to minimize inflation while minimizing recession. He's not an evil man.
--------
Dr. Paul says Barr is an ally (http://www.newsweek.com/i...)
and would do "a very good job" as president (http://www.youtube.com/wa...).
Watch for Barr on the Colbert Report Jun 4, and on the Glenn Beck Program Jun 5.
If Bernanke is saying that
If Bernanke is saying that he is unable to lower interest rates anymore in order to "help" us, my guess is that he will be lowering interest rates again. Because if he somehow pulls off the "impossible" and "helps" us, maybe he could end up looking like some type of hero to all the lemmings who simply do not understand the true ramifications of it.
Gee, what a smart guy. You
Gee, what a smart guy. You know who else told me that? My barber.
Just saw this on
www.jsmineset.com
Today is the same as yesterday, and the day before, and all the days before that.
At 4am in comes the ESF and the Big Six into the euro and gold market.
At 7am the Spin begins.
At 9am the Gold Gang barfs one more time.
All the spin and stabilization cannot prevent the imminent consequences from the bailing out of every bank and financial agency that has issued OTC derivatives.
The consequence is a form of the Weimar experience. The consequence is Gold at $1650. The consequence is a substantially lower dollar.
Spin and stabilization cannot stop the onslaught of these consequences. Bernanke cannot play the Hawk without trashing what is left of the financials.
Bernanke needs ammunition for further problems so of course he has rates on hold. The show rate, also known as the discount rate, is so low that he needs a point and a half in reserve for the next crisis.
Don't be fooled. Let the fools be fooled.
Sincerely,
Jim
Duh
as if he just came up with that....
It's really easy for him to predict a problem
that he himself has caused.
ahhh E_, finally a post
ahhh E_,
finally a post where we don't have the economic "experts" in here telling us all is well...
as for me and my home, we shall worship the LORD
well,
at least not yet.
Sierra, I started a bullion thread over at Devon's new site. Check it out when you get the chance.
Burn the bribe.
Ron Paul would never accept matching funds from the government or for that matter any kind of bribe. So why should we? Why not take the $600 check we are all suppose to recieve as part of the economic stimulus, withdrawl the money out of the bank in small bills and publicly burn them. This will serve to not stimulate the Chinese economy and it will prevent the devaluation of the dollar even further. Show them we can't be bought. Of course you may not want to show your face.
buy silver instead
you keep the money out of the banks, and you get the bonus of having precious silver, instead of a pile of ashes.
I
Have silver eagles US mint. APMEX has them and so does your local bullion/coins store. During my time over sea's I did witness the silver shortage as there was none to be purchased when silver was around $23 dollars an ounce. Scary stuff.
No shit Sherlock!
*
"I
Fortune Favors the Bold
The great NostraDogbert, make my boldest prediction ever. There will be turmoil in the Middle East!"
"Really? You're going out on a limb there. Will there be sand involved?"
Somewhere, sometime, it will snow this year.
We all have our roles.
yes indeed we do. *stares at
yes indeed we do. *stares at a beloved guest*
Unite, we cannot
But I would die for you if it furthered the message of freedom.
AAAAHHHH ..... freedom.
It is in the back left quadrant of the tongue. The buds are waiting.
We all have our roles.
I like Bernanke.
He's a smart guy. I like his writings on economics. He agrees that the Fed caused the Great Depression.
I know it's fashionable around here to vilify him, but he's just a guy doing his job. We have a Fed. Until it's eliminated or collapses, SOMEBODY has to head it. It might as well be someone intelligent. He's done a good job so far, given the few tools he has.
--------
Dr. Paul says Barr is an ally (http://www.newsweek.com/i...)
and would do "a very good job" as president (http://www.youtube.com/wa...).
some may yell at me for
some may yell at me for this... but billydee you are an absolute moron! the man who you supposidly support hates the federal reserve. the moron at the head of it is a con artist.. you support that con artist you are one too! go to your bobb barr web site and spout you verbal diahrea
somewhere else.
as for me and my home, we shall worship the LORD
I'm for the abolition of the Federal Reserve too
That's not inconsistent with having nothing personal against Bernanke or Greenspan or liking or admiring them.
By the way, Barr is for abolition of the Fed too.
--------
Dr. Paul says Barr is an ally (http://www.newsweek.com/i...)
and would do "a very good job" as president (http://www.youtube.com/wa...).
You must have missed that great moment
when Ron Paul called Bernanke out, basically taught Bernanke some economics..
Anyone got that video for Billy to learn from???
Consider including both of them
as well as your respected Murdoch into your pathetic idea of a revolution you blather on about. Of course if Barr wants to use his "magic wand" to make them disappear there may be a conflict of interest there. Your time could be used contacting all of these men you admire so much and using your sales pitch on them instead of endlessly annoying us. What do you say?
Murdoch is a supporter
of OBama. I don't like Murdoch's politics. I said he was an admirable BUSINESSMAN.
You don't know what you're talking about.
--------
Dr. Paul says Barr is an ally (http://www.newsweek.com/i...)
and would do "a very good job" as president (http://www.youtube.com/wa...).
Don't give up your day job
if you really are the guy you were bragging about earlier. It is as far as you are going to go.
Why do you say that?
Maybe you should GET a job. What do you think?
--------
Dr. Paul says Barr is an ally (http://www.newsweek.com/i...)
and would do "a very good job" as president (http://www.youtube.com/wa...).
Watch Barr on the Colbert Report, Jun 4, and Glenn Beck Show June 5.
HA
Digging deep for any attention you can get. Damn it just gave you attention. Oh well while I'm here. Billydee I do not like thee. You'll just say anything to get a reply. Next you'll say it was a good idea to go into Iraq. Or It was wonderful that Sept 11 happened so that we could give up our liberties for the patriot act. Which in your attention whoring mind was a good Idea. Just helping your little mind out. It seems you need this sort of attention.
What?
I never said the Patriot Act was a good idea. Where are you getting that idea?
--------
Dr. Paul says Barr is an ally (http://www.newsweek.com/i...)
and would do "a very good job" as president (http://www.youtube.com/wa...).
You Know Who Else Is A Smart Guy?
George Bush. He went to Yale. Goebbels was also a smart guy.
He's done a good job? Why are you on a Ron Paul site?
Bernanke is printing money
they always have and they always will. I agree with you "he's very smart". He's telling you 'directly through taxes and indirectly through the confiscation of your wealth from fiat money and credit creation - he is stealing the purchasing power of your savings and wages while it sits in your bank account'. That's what he's telling you. Yes, he's the smart one. Who is it that said "only one man in a million understands the money system?" He's also taking toxic waste for U.S. treasury notes. I wonder what dumb is!!!!
Hi Lysa...
Agreed - and I believe it was Keynes who quoted Lenin's statement:
"Lenin was right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
Yours in Liberty,
Shovel
Keynes
Fortune Favors the Bold
was a Fabian socialist, Like David Rockefeller.
http://en.wikipedia.org/w...
Hi John,
Yep, no argument from me on that. I was just helping with the quote source...
Yours in Liberty,
Shovel
You would.
Bet you got a poster of him in your office, right? Bernake is one of them. He is a traitor to this country. Dont give me the just doing your job drivel, it's getting old. The Nazi's were just doing thier jobs too. Remember that. Tell me BillyDee, are you just doing your job too?
How is he a traitor?
If the Fed exists, and you feel that you have the best understanding of economics than the people who are up to the job as Fed chief and therefore could prevent more harm to the economy than other lesser minds could prevent, you're a patriot if you apply for the job.
To vilify him is ridiculous.
Alan Greenspan took the job, while at the same time agreeing that we're better off without a Federal Reserve.
--------
Dr. Paul says Barr is an ally (http://www.newsweek.com/i...)
and would do "a very good job" as president (http://www.youtube.com/wa...).
He is lying to the
American people. He has been telling them that there is no recession. We have been in a recession for two years! Now when he cant control it any longer he says, hey now, we got us some inflation going on! PLEEASSSE. Oh, is that what you call it Mr. Bernake? Inflation? Well gollee gee. Maybe he should try to tell the TRUTH for once the friggin traitor. BillyDee you can see it on his face. Just LOOK at him when he speaks, there lies a man who hates himself. He knows what he is. Why doesn't he say, hey, America we have printed so much of this fiat currency that soon you will pay a hundred dollars for a loaf of bread, and forget about the national debt, you slaves you, we will only be able to touch the interest on it. As long as you keep sending in your forced taxes, soon you slaves will have to work 9 months out of the year to pay for it and so will your childrens, children and thier children and so on till the end of time. We will not come out of this one BillyDee.
Can you prove that he's lying?
Do you realize that "recession" has an official definition, being 2 consecutive quarters of negative economic growth? There is no reason to think he's lying. The data simply hadn't indicated that.
Your statement "BillyDee you can see it on his face. Just LOOK at him when he speaks, there lies a man who hates himself," tells me that you're not using your rational faculty. Just by looking at someone's face you can tell that they hate themselves?
This is a problem for you. You're coming to conclusion without evidence.
--------
Dr. Paul says Barr is an ally (http://www.newsweek.com/i...)
and would do "a very good job" as president (http://www.youtube.com/wa...).
I dont need evidence.
All I have to do is look around to get ALL the friggin evidence I need. People are out of work and losing everything homes, cars, jobs meanwhile trying to afford FOOD, GAS and trying to maintain this new thing called INFLATION, that just now appeared out of nowhere, huh BillyFlea? Which is brought about by the worthless dollar, while your beloved fed keeps right on lying and pumping out this fiat toiletpaper. I watched RP tear Bernake a new anus, while Bernake shook like a little girl. That's when I SAW IT ON HIS FACE. Your hero? Your plain out pathetic, and everyone on this site is smart enough to figure you out. Oh, by the way.. nobody on DP is buying your Barr sell. That's why it's DailyPAUL. Got It?
What do you mean
by "my beloved Fed?" I'm opposed to the existence of the Fed.
You misinterpret Dr. Paul. Dr. Paul is not angry at Bernanke and has nothing at all against him. The questions directed at Bernanke were not of a personal nature in the slightest. Paul is against the EXISTENCE of the Fed.
I'm the same as Dr. Paul on this.
--------
Dr. Paul says Barr is an ally (http://www.newsweek.com/i...)
and would do "a very good job" as president (http://www.youtube.com/wa...).
Ummm
I dont think I misinterpret Dr. Paul at all. Dr. Paul WAS turning the heat on Bernake and Bernake was quaking in his boots. He was directing his questions AT Bernake. Ron Paul told him HE WAS ROBBING THE AMERICAN PEOPLE. PRICELESS. Last time I checked Bernake was the head of the FED and a lying little weasel who licks the boots of the masters that be. You have a nice day now, cause I am done with you.
Oh come off it
Dr. Paul didn't mean Bernanke himself was robbing anyone. He was talking about the Federal Reserve SYSTEM.
And Bernanke was not "quaking in his boots." He probably agrees with Dr. Paul. But, that's his job, to centrally manage the money supply.
--------
Dr. Paul says Barr is an ally (http://www.newsweek.com/i...)
and would do "a very good job" as president (http://www.youtube.com/wa...).
I think you are confused. It
I think you are confused. It was only after Greenspan retired from the Fed did he come out and say that we're better off without it.
Wrong
Both before and during his tenure he held to the same belief. Dr. Paul questioned him on it a few times.
He is, and has always been, an Objectivist, you know?
For example here is Dr. Paul questioning him on it in 1998:
Dr. PAUL. A very quick question. You seem to welcome, and you have been quoted as welcoming, a downturn in the economy to compensate for the surge and modest growth in the economy. Is it not true that in a free market, with sound money, you never welcome a downturn in the economy? You never welcome the idea of decreased growth, and you don't concern yourself about this? And yet, here we talk about when is the Fed going to intervene and turn down the economy?
It seems that there is a welcoming effect to the fact that the Southeast Asia has tampered-you know, price pressures. Couldn't we make a case that the free market would operate a lot better than the market we use today?
Mr. GREENSPAN. I think you have to define what you mean by a ''free market.'' If you have a fiat currency, which is what everyone has in the world--
Dr. PAUL. That is not free market.
Mr. GREENSPAN. That is not free market. Central banks, of necessity, determine what the money supply is. If you are on a gold standard or other mechanism in which the central banks do not have discretion, then the system works automatically.
The reason there is very little support for the gold standard is the consequences of those types of market adjustments are not considered to be appropriate in the 20th and 21st century. I am one of the rare people who have still some nostalgic view about the old gold standard, as you know, but I must tell you, I am in a very small minority among my colleagues on that issue.
Here is Greenspan in 1967, in the article Gold and Economic Freedom: "In almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense--perhaps more clearly and subtly than many consistent defenders of laissez-faire--that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. . . . This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights."
He never changed on that.
--------
Dr. Paul says Barr is an ally (http://www.newsweek.com/i...)
and would do "a very good job" as president (http://www.youtube.com/wa...).