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 ...
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.