Economic sabotage is going to be a capital offense.
Blindfold, Ben?
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 08/27/2010 11:36:27 AM PDT by mojito
JACKSON HOLE, Wyo. — The Federal Reserve chairman, Ben S. Bernanke, said Friday that the central bank was determined to prevent the economy from slipping into a cycle of falling prices, even as he emphasized that he believed growth would continue in the second half of the year, “albeit at a relatively modest pace.”
To help sustain the economy, Mr. Bernanke gave his strongest indication yet that the Fed was ready to resume its large purchases of longer-term debt if the economy worsened, a move that would add to the Fed’s already substantial holdings.
“We have come a long way, but there is still some way to travel,” Mr. Bernanke said.
“I believe that additional purchases of longer-term securities, should the F.O.M.C. choose to take them, would be effective in further easing financial conditions,” Mr. Bernanke told a Fed policy symposium here. He was referring to the Federal Open Market Committee, the panel that sets interest rates, which Mr. Bernanke leads; some members have expressed unease over the prospect of the Fed pursuing any further monetary accommodation.
(Excerpt) Read more at nytimes.com ...
Economic sabotage is going to be a capital offense.
Blindfold, Ben?
Apparently, this is what the market was hoping.
All these “enemies within” must be fired before they destroy our country and steal our freedom and end our future.
American traitors abound! What a national disgrace. Is it November 2nd yet?
Not really hope, but if you are holding US dollars, soon to turn into crap, what would you do with them? Gold?, US Stocks,
US Land? Only so many ways to go. At some point dollars will be worth more as toilet paper than any thing you could trade them for.
Ben and his banking buddies want deflation. Don’t be fooled by his rhetoric.
Silver has been a rocket lately. People want commodities Oil, Silver and Gold for a good reason.
Is it November 2nd yet?
Can’t wait Grrrrrrrrrrr!
The yield on the ten-year note is up sharply today.
What are they buying? They are already committed to backing mortgage backed securities. Wiil they buy credit card derivatives? Auto derivatives?
The “deflation” fear is pseudo intellectual tinsel.
What's it up to? I remember crying the blues when I was paying 9 dollars an ounce for it.
Every Republican should include in their platform the removal of this Chairman at the earliest legal opportunity.
Silver futures shine as gold loses steam
Silver posts best week since early April
They’re going to pour money into the economy, thus diluting its purchasing power and causing INFLATION. The rising prices will cause larger numbers all around, which they will claim is renewed prosperity.
Inflation is easily confused with economic growth.
Thats the most honest statement I have heard from him
I thought if things fell apart there would be only so many physical dollars and cash would be king untill they figured something else out.
What the heck would we use for money?
One day firing squads will be busy... if we survive this crap.
LLS
“In the college of Kings, Inflation 101 is a required course”
Bert, August 2010
I want to get in line fore one of those checks.
I bet you have to be unemployed or employed by the state
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