Tag: Ben Bernanke

Thug vs. hooligan: Vladimir Putin disses Ben Bernanke

Did you ever think you’d see the day when Vladimir Putin seems to be more concerned about the future of the United States than Ben Bernanke is?

Did you ever think you’d see the day when Vladimir Putin seems to be more concerned about the future of the United States than Ben Bernanke is?

If this story from Zero Hedge doesn’t sum up the dismal state of our economy, nothing does:

dollar-printing-press
Vladimir Putin is not only against the free press, he's against the printing press

In a speech before the of economic experts at the Russian Academy of Sciences, the Russian prime minister had the following to say: “Thank God, or unfortunately, we do not print a reserve currency but what are they doing? They are behaving like hooligans, switching on the printing press and tossing them around the whole world, forgetting their main obligations.”
What appears to have angered the former KGB spy is the end of QE2. According to RIAN: “Putin’s comments came in the wake of the completion of the US’ quantitative easing (QE) 2 program on June 30, in which the Federal Reserve bought $600 billion worth of its Treasury bonds. The Fed’s first round of QE, which ended in March last year, amounted to less than half the size of QE2.”

Bernanke’s response? He’s now proposing QE3, which is also known as the Barack Obama Reelection Slush Fund.

The macho Putin could break Bernanke in half like a twig. And we kind of wish he would.

Source: Zero Hedge

$700 billion can’t buy Ben Bernanke a clue

Some startling news: The Pope is Catholic, bears excrete better things than the 2009 Stimulus bill in the woods and Fed Chairman Bernanke has no clue what’s wrong with the economy.

Some startling news: The Pope is Catholic, bears excrete better things than the 2009 Stimulus bill in the woods and Fed Chairman Bernanke has no clue what’s wrong with the economy.

Forbes has the story:

[In his second post-FOMC press conference] Bernanke admitted that he had no clue what was actually causing the current fragility in the U.S. economic recovery. While the FOMC statement assigned blame outside of the U.S., pointing at Japan along with rising food and oil prices, Bernanke […admitted…] only some of the factors were temporary and that he didn’t know exactly what was causing the slowdown, but that it would persist. “Growth,” said Bernanke, “will return into 2012.”

bernanke-praying
Ben Bernanke prays that no one will ask him a really hard question

Ben’s cluelessness is not news. His moves recently have been a central banker’s version of running in circles and screaming. What does surprise is the fact he still doesn’t get it, like someone having Anthony Weiner for a roommate and not understanding why he spends so much time with his smartphone. The problem is as plain as the nose on Barack Obama’s face.

Victor Davis Hanson explains:

…those in business, from the small entrepreneur to the captain of industry, have decided that it is wisest to sit out what is left of this administration, and wait to hire, buy, invest, and expand until someone at the top shows a basic knowledge of finance and economics, and some sympathy concerning what those in the private sector must contend with.

Simply put, growth will return in 2013 or 2017, when Barack Obama doesn’t.

– Written by Bonfire of the Absurdities

Source: Forbes, Victor David Hanson

Paul Ryan and Ben Bernanke agree: If you want to stimulate growth, cut spending

Questioning the Chairman on Capitol Hill last week, Republican Paul Ryan got Bernanke to agree that the best way to generate growth in the economy is to cut spending. Direct question, very direct answer.

President Obama may want to spend another $53 billion on high speed trains and other nonsense, but even the Chairman of the Fed knows this madness cannot go on forever.

Questioning the Chairman on Capitol Hill last week, Republican Paul Ryan got Bernanke to agree that the best way to generate growth in the economy is to cut spending. Direct question, very direct answer.

But then Ben said, “I’d really love to answer more questions, Congressman Ryan, but I’m working swing shift on the printing press tonight and I really have to get going. George Soros gets very angry when I’m late.”

OK, well, maybe he didn’t say it, but we’re pretty sure he was thinking it.

Ron Paul is nuts. And Ben Bernanke tells him so
to his face.

The head of the Fed came right out and said what so many of us think: Ron Paul is crazy as a loon. Bernanke told the doddering former presidential candidate that his conspiracy theories are “absolutely bizarre.”

Yup. The head of the Fed came right out and said what so many of us think: Ron Paul is crazy as a loon. Bernanke told the doddering former presidential candidate that his conspiracy theories are “absolutely bizarre.”

NOTE: IHateTheMedia.com’s editor and administrator have been arguing about this story since last night. The Editor thinks Ron Paul is a complete nutcase, but the Administrator thinks he’s only a bit nutty and good to have around. Where do our readers stand?

Source: Mofo Politics

You gave half a trillion of our dollars to who? And why?

Florida Congressman Alan Grayson may be a Democrat, but watching him grill Federal Reserve Chairman Ben Bernanke before the House Financial Services Committee is a thing of beauty.

Florida Congressman Alan Grayson may be a Democrat, but watching him grill Federal Reserve Chairman Ben Bernanke before the House Financial Services Committee is a thing of beauty.

Bernanke sent half of a trillion dollars to overseas banks, but gets a little hazy when it comes to explaining where the money went.

The highlight is when Grayson laughs out loud at Bernanke. We think he’d been reading IHateTheMedia.com and knew that if he didn’t laugh, he’d cry.

Source: Author editorPosted on Categories News 2Tags , , 2 Comments on You gave half a trillion of our dollars to who? And why?

Bernanke says world will come to an end if anyone finds out what he is doing

When questioned by Congressman John Hunter (R-TN), Federal Reserve Chairman Bernanke made it quite clear that the fate of the world depends on his ability to do whatever the hell he wants under complete cover of darkness:

Ron Paul has introduced a piece of legislation called H.R. 1207. It’s co-sponsored by a majority of the members of Congress.

It simply grants Congress the authority to audit the Fed. You know, to give the representatives of the people the right to find out what Ben Bernanke and the boys are doing with trillions of your tax dollars.

When questioned by Congressman John Hunter (R-TN), Federal Reserve Chairman Bernanke made it quite clear that the fate of the world depends on his ability to do whatever the hell he wants under complete cover of darkness:

“My concern about the legislation is that if the GAO is auditing not only the operational aspects of our programs and the details of the programs but is making judgments about our policy decisions that would effectively be a takeover of monetary policy by the Congress, a repudiation of the independence of the Federal Reserve which would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.”

Surprisingly, Bernanke neglected to mention that it would also cause global warming, swine flu, and fraudulent elections in Iran.

Source: AudacityofHypocrisy.com

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