Skip to comments.Bernanke Says US Inflation Spike Won't Last
Posted on 04/04/2011 9:18:11 PM PDT by Perdogg
A recent increase in U.S. inflation is driven primarily by rising commodity prices globally, and is unlikely to persist, Federal Reserve Chairman Ben Bernanke said on Monday.
(Excerpt) Read more at cnbc.com ...
yeah, he is right , he will not have to worry about rising prices beyond this summer.
Did this trick pony once state that there would be no inflation?
How stupid do they think we are?
Well now. His prediction about the stimulas kickback scheme getting the economy going keeping unemployment at no more than 8% was so amazingly accurate I guess we can all just breath a big sigh of relief.
So, in other words... he’s saying that the pain of inflation will be “contained,” right?
He keeps using that word. I don’t think it means what he thinks it means.
Probably true, some people are saying that it will be two years max before we implode.
This is to keep the population quiet until the ultimate goal is reached, namely, the removal of the US Dollar as the “Global Reserve Currency”! Then it will be too late to protect your family, savings, retirement or anything else! Overnight we will be a Third World economic debtor, unable to repay the debt, and totally subservient to Globalist criminals who have been working on this for over 70 years at a minimum.
You can thank the two controlled puppet parties, the concentration of Corporate power, totally corrupt media, and the hidden hand (as exposed in the book “The Franklin Cover-up”) for the total lost of your freedoms and economic future!
Kinda like how the income tax was temporary?
This dipshit somehow missed the housing mortgage bubble yet he confidently predicts inflation (which he also recently said wasn’t happening...) will be a blip...
All they have to do is “let” there be another liquidity event like 2008.
Then all the hedge funds and others will unwind there positions. And dump commodities galore.
The real question becomes, how many times can they do that without the dollar falling instead of bouncing up again?
If they DO this, again and again, the confidence will really dry up. Fiat currencies need confidence to work.
We are well on our way to destroying the US dollar.
It has been closing below 76 the last few days.
You know, reading this garbage reminds me of reading Pravda 40 years ago.
Although, unlike Bernanke and Co., I don't believe the writers at Pravda actually believed their own propaganda. This bunch is in dire need of Haloperidol (an antipsychotic medication used to treat patients that suffer from delusions, hallucinations, unorganized thought)
True... soon the prices will be called not a spike..... but normal..
We need to see Bens portfolio and make it public.I bet he’s all in on Asian investments,war materials or metals.
Throw in the Fascist FED too!!!
How long do you think they have to implement their change from US dollars to some NWO currency?
Is he lying now?
Like he’s been lying all along?
Hiding the fact that taxpayer money went to foreign banks without taxpayer’s knowledge, leads me to believe the man is comfortable in lying.
Prove me wrong.
Time to quit paying taxes, huh?
(I heard, tonight, that the movie “Atlas Shrugged” is having a difficult time finding backers that could put the movie into neighborhood theaters....they just don’t want us to know the depth of b*llsh*t we’re in, and the means to take back the country from LOOTERS. Heard this on the Rusty Shackleford....ummm...Rusty Humphrie’s Show.)
There had been a rumor in 2008 that Ben had his money in Canadian Treasuries.
Unsubstantiated, of course.
That is a shame. I would like to see that movie.
Maybe they can just go to DVD sales?
What options would they have?
“How long do you think they have to implement their change from US dollars to some NWO currency?”
One night is my estimate!
Banks will close, new currency will be issued over a few week period, and chaos and riots will issue, with martial law imposed, gold and silver may be confiscated.
It’s already planned, Checkout the Executive Orders that give The Usurper and the Feds total control of every aspect of life in an emergency!
Let me rephrase that.
When do you think they will do this?
I won’t be surprised that they will let chaos reign for a month or so, hoping that the relief of something being done ( implementing the NWO $$) will blunt the masses from being too mad about it.
The Executive Orders are just the half of it. The ‘regional czars’ that match the FEMA regions, to the Fusion centers, a police state is being put into place. Never mind the TSA goons.
True. It will be supplanted by a currency collapse...
I think he means that his fed is going to raise interest rates....so get stuff paid off if you can...
Yeah, the “spike” will become permanent. Thanks Bernak.
30 years of a "do nothing" energy policy has left us dependent on foreign oil and very vulnerable to oil price shocks like the one that caused the current economic crisis.
Unfortunately the Federal Reserve will probably take the brunt of the blame for inflation, when a lot of the inflation would have happened if the FED had done nothing.
I suppose at some point alternatives do become cheaper than oil. But I don't know how high oil goes before that becomes true. The inflation caused by the FED's QE2 should indeed be limited and a one time occurrance. The inflation caused by energy, will probably continue, until we get serious about pursuing proven viable sources of energy like nuclear.
“Bernanke Says US Inflation Spike Won’t Last”
Wait a second, weren’t they telling us just LAST MONTH that there WAS no inflation, we were just dreaming it?
Call me a stickler, but I don’t think this is inflation. The price rises we are seeing are the result of shifts in the supply curve of various commodities, not the devaluation of currency.
If you’re an investor, it’s a supply curve shift. If you’re buying gas at the pump and more for groceries, it’s inflation.
"Federal Reserve Chairman Ben Bernanke said the central bank's attempts to restore the credit markets were aiding the economic recovery without stoking inflation"
"Bernanke Says US Inflation Spike Won't Last"
"Bernanke Says Cannibalism 'Not bad grub if you can get it.'"
“Globalist criminals who have been working on this for over 70 years at a minimum.”
Man, they must really be old by now.
Bernanke is god, don’t you know? He can predict Iran will play nice and the US military will keep trade and... oh, no he cannot. Basicaly that idiot is telling the wife lies about his job prospects while he is losing it long term.
Full Monty for Bernanke soon, clown for clown.
Indeed he lies to cover from previous lies. It’s not statement about current trends but a “gain time” make believe so he can desperately keep his now rotten job.
Rogue trader with a hidden bloat account comes to mind. He is not talking about the real puker factor that will take the institution down.
“Barnacle” the slimey sick scavenger is crawling backwards into his nasty shell of cr’p.
He's (overly) optimistic in public to avoid panic but plenty already noticed the inflation. Can't deny it now, just claim it won't last. Walmart's CEO has a more pessimistic view.
This recovery is taking far too long but any uptick makes Obama that much more impervious in 2012.
This is coming from the same idiot who asserted that there was no INFLATION?! =.=
That is just what I was thinking.
Most comments on this thread have nothing to do with prices, their pure politics. The routine here is that the church-of-doom sings a chorus of "We Got Hyperinflation" and when a newcomer mentions actual prices (you know, like money) the congregation goes wild.
Those of us just watching overall price trends know actual real life inflation dangers are nothing compared to this child like hyperinflation scare. Like watching libs at a global warming rally.
Not to worry, they’ll temporarily “fix” it during barry’s campaign.
Such BS. They are already planning the next QE 3, or is it QE 4.
This bunch is in dire need of Haloperidol (an antipsychotic medication used to treat patients that suffer from delusions, hallucinations, unorganized thought)
I'm stealing this fact for my tagline.
-——saying inflation would probably remain moderate.-———
To eat the debt with compounded moderated inflation, the inflation must be prolonged. It must be global.
International linked currency deflation must occur at a tolerable rate for as long as necessary to absorb the debt imbalance
It's true that price trends affect the impact of the burden of debt, but the idea here is to handle public debt with economic growth, not inflation. The moderate inflation is only needed for preventing deflation.
In other news, The Onion, an organization that reports news events in a satirical and cynical vein declared bankruptcy today. The Onion’s chief editor, I. M. Stuned is quoted as saying, “Who can compete in this market with these megamasters of bulls#!t news reporters such as CNBC, CNN, MSNBC, AP, Reuters, and the like? There’s no longer any credible way the reading public can discern between what we use to write in a tongue-in-cheek manner and today’s bizarre reality.”