Fed chief says inflation not a threat to U.S.

MSNBC ^ | 2/9/11 | Staff

[Nachum]

Washington - Is inflation a growing threat or isn't it? Federal Reserve Chairman Ben Bernanke thinks not, and he told a House Budget Committee meeting as much Wednesday even as lawmakers expressed worries about rising fuel and food prices in the United States and abroad. (Snip) “Inflation is expected to persist below the levels that Federal Reserve policymakers have judged to be consistent” with their mandate, Bernanke told lawmakers. In his first appearance before the House since Republicans

[Circle_Hook]

With over 600 TRILLION in derivative bad bets, they couldn’t print enough money. Hell, the world’s GDP is no where even close to that number. There is a day of reckoning coming and that right soon! ;-)

[P8riot]

Then how does he explain this in his own F'n words?

Bernanke to Congress: We're Much Closer to Total Destruction Than You Think

[Fedupwithit]

Oh, who has the ‘Baghdad Bob’ picture...this post SOOO needs it

[T. Jefferson]

The interest on the national debt is over $400 billion a year, with fed funds rate near zero. I dont’ know the actual figure, but I imagine if the national debt was pegged at the accurate inflation rate of 8%+, the annual interest would $800 billion plus. Countries would quickly realize they need to stop buying treasuries yesterday.

[ViLaLuz]

Mars Attacks comes to mind, when the martians are broadcasting messages, “Do not be afraid. We come in peace. We are your friends.”

[Radix]

So does this mean that it won’t all be Bush’s fault?

[Clay Moore]

Nothing to see, move along!

[Lockbox]

I have seen price increase twice a year for the last two years from the MFGs we represent. Each time these increases have been somewhere between 5 to 8 percent.

But gee, no inflation in my business. /S

[The Comedian]

We are so f****** screwed.....

Last week or so, one of our little band of merry miscreants here put it quite well:

We're in a game of musical chairs.

Let the music stop.

I make my own chairs.

You and I won't be screwed, but a few hundred million others are going to run out of McNuggets, and 911 is gonna be off the hook.

Today is a good day to die.
I didn't say for whom.

[BenKenobi]

This is why they need to let the system fall apart and rebuild.

[dljordan]

“The FBI fraud unit should have been there to arrest him and perp walk him out in cuffs after that statement of fraud.”

They OWN the FBI and they OWN us.

[LomanBill]

There is no threat of inflation you infidels!

And all your HumV are STILL belong to us.