[MeneMeneTekelUpharsin]

Bernanke, one day you will eat those words. YOU LIE!

[John W]

“The markets are up today,” he said. “I don’t think the impact has been enormous.”

This is a recording that can, has and will be played every day until such day as it is not the case.

[NVDave]

Says the academic who told us that the sub-prime issue would be “contained.”

[Vaquero]

geeeeze how I miss Greenspan and Volcker

[MeneMeneTekelUpharsin]

James 3:5 So also the tongue is a small part of the body, and yet it boasts of great things. Behold, how great a forest is set aflame by such a small fire!

Cyprus is a small flame about to set off a big fire. And, Bernanke's lie about it is also part of the problem. Or, with the hyperinflation you create by printing boatloads of cash, you'll give them their money back all right. However, when they get the money back, a loaf of bread to buy with the same amount of money they had will now cost $20 per loaf so to speak.

[The Working Man]

It’s like the canary in the coal mine. As long as it’s alive you can safely ignore the gas fumes building up around you. But when it’s dead? Well then, if you aren’t already rushing for an exit you probably won’t make it out alive.

[sergeantdave]

Both the finance minister and and energy minister from Cyprus were seen in Moscow yesterday. The word on the street is that Cyprus is looking for bailout money from Russia. In turn, the Cypriots would give the Russians a stake in the natural gas fields discovered in the Mediterranean Sea.

[demshateGod]

I wish he just wouldn’t have said anything.....

[Carriage Hill]

This economic bubble is getting enormous, and will burst, one day very soon, as an over-inflated balloon does. It’s an illusion. SHTF for sure.

[muawiyah]

The events surrounding the Arch Duke Francis Ferdinand really had no bearing on America in 1914.

[silverleaf]

as a student of the Great Depression Bernanke is positive that Cyprus could never turn into Credit-Anstalt 2.0

[Casie]

Let me translate Bernanke's entire interview:

I'd be stockpiling food, water and PMs if I were you guys.

[Sir Napsalot]

>>> Bernanke: Cyprus poses ‘no major risk’ to U.S. banks, economy

And he (Bernanke) would be right, but not for his reason.

The Major Risk to U.S. banks, economy (and indeed our society) is our ‘ruling class’ and fellow low-info citizens/non-countrymen.

[Ronald_Magnus]

[unixfox]

Define “MAJOR”

[Sirius Lee]

"House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals."

"At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained." ~ Ben Bukkake.

[lwd]

They still haven’t re-opened the banks over there. Will Ben being singing this same tune when the inevitable run on the Cyprus banks really gets going?

[Soul of the South]

Bernanke is part of the George W. Bush legacy that keeps on giving.

[dfwgator]