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Bernanke Says US Inflation Spike Won't Last
CNBC ^ | 04.04.11

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 ...


TOPICS: Business/Economy; Miscellaneous; News/Current Events
KEYWORDS: bernanke; bho44; economy; fed; inflation; obama
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To: Perdogg

This is coming from the same idiot who asserted that there was no INFLATION?! =.=


41 posted on 04/05/2011 4:57:39 AM PDT by cranked
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To: org.whodat

You lie!!!!

That is just what I was thinking.


42 posted on 04/05/2011 5:26:18 AM PDT by 2001convSVT (That Beck guy was right about gold, too.)
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To: dr_lew
"...don’t think this is inflation. The price rises we are seeing..."

Me too.

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.

43 posted on 04/05/2011 5:28:28 AM PDT by expat_panama
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To: Perdogg

Not to worry, they’ll temporarily “fix” it during barry’s campaign.


44 posted on 04/05/2011 5:30:32 AM PDT by jersey117
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To: Perdogg
Man this guy is either world class idiot or in such denial it is unbelievable or my personal favorite - he is making buttloads of money off the inflation curve.
45 posted on 04/05/2011 5:32:38 AM PDT by mad_as_he$$
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To: Perdogg

Such BS. They are already planning the next QE 3, or is it QE 4.


46 posted on 04/05/2011 5:35:51 AM PDT by dforest
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To: ChildOfThe60s
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.

47 posted on 04/05/2011 5:40:58 AM PDT by The Theophilus (Obama's Key to win 2012: Ban Haloperidol)
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To: Perdogg

-——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


48 posted on 04/05/2011 5:57:14 AM PDT by bert (K.E. N.P. N.C. D.E. +12 ....( History is a process, not an event ))
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To: bert
"...eat the debt with compounded moderated inflation..."

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.

49 posted on 04/05/2011 7:26:04 AM PDT by expat_panama
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To: Perdogg

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.”


50 posted on 04/05/2011 7:39:57 AM PDT by OB1kNOb (Solution to Libya's problem: They want a new Muslim leader, I say, give them ours...2 problm solved!)
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To: Perdogg

Yeah, your crystal ball has worked pretty good for you so far, hasn’t it Benny boy..


51 posted on 04/05/2011 10:11:58 AM PDT by CarryaBigStick (My office is an Airtractor 402)
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To: Perdogg

The dollar will continue to fall much in the long run. The falling dollar is a consequence of globalism, free trade, etc. Foreigners manufacturing products get more wealthy and buy cars (higher oil) and other consumer items. Foreign vendors raise prices in reaction. Foreign product prices go up for foreign workers, Americans, all. Thus, with foreign product prices up, it also takes more US dollars to buy those products.

Do you see the light now? ...see what’s going on? Prepare for US default, currency wars, trade wars,...


52 posted on 04/05/2011 2:01:39 PM PDT by familyop ("Don't worry, they'll row for a month before they figure out I'm fakin' it." --Deacon, "Waterworld")
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To: TruthConquers

“...Fusion centers ...”

???
Could you expand on Fusion centers? I have not heard or read of them.
Thanks for your informative post.


53 posted on 04/06/2011 4:52:53 PM PDT by J Edgar
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To: J Edgar

Be glad to. But I don’t have the links to this topic.

Fusion centers are where our various “police” forces, from local cops to FBI, share information. They are compiling data on all “suspicious” citizens. These centers have the same districts that FEMA has. It is more talked about on “nook” blogs, but they are real, and the law has been changed to accommodate them.

I also used to have a link to the RAND corp paper about how to merge our military forces with local police into an international police force.

It is all below the threshold of the MSM, of course.


54 posted on 04/06/2011 6:26:52 PM PDT by TruthConquers (.Delendae sunt publicae scholae)
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To: TruthConquers

Thanks for the important information.


55 posted on 04/07/2011 9:23:06 PM PDT by J Edgar
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To: expat_panama
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.

You're delusional if you think the game plan isn't default via inflation. The debt can't be paid and won't be paid in current purchasing power terms, it's mathematically impossible. Peak oil has also guaranteed slow-to-no growth, so there's no way to grow out of this. Bernanke knows this and that's why he must keep printing.
56 posted on 04/08/2011 10:31:33 PM PDT by dollarbull (why are paperbugs so bad at history?)
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To: dollarbull
You're delusional if you think the game plan isn't default via inflation.

Some would point out that inflation makes paying off debts easier, but let's go with the idea that Obama and Bernanke got together and decided to bring about a US gov't default and that's why we've got runaway hyperinflation.

Seriously?

57 posted on 04/09/2011 6:19:33 AM PDT by expat_panama
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To: expat_panama
Some would point out that inflation makes paying off debts easier, but let's go with the idea that Obama and Bernanke got together and decided to bring about a US gov't default and that's why we've got runaway hyperinflation.

It's probably too much to ask you to read your history. many of of have seen this movie before (100x) and we know how it ends and what the plot is (why there is inflation).

There's no requirement for you to educate yourself however, you can keep believing the bagdad bob inflation and unemployement #s to your heart's content.

If I recall, you were the guy a few months ago arguing that there wasn't any inflation in grocery prices. LOL. Whaddaya think now? It's only going to get worse from here.
58 posted on 04/09/2011 7:18:42 AM PDT by dollarbull (why are paperbugs so bad at history?)
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To: Perdogg

59 posted on 04/09/2011 7:25:40 AM PDT by PSYCHO-FREEP (Patriotic by Proxy! (Cause I'm a nutcase and it's someone Else's' fault!....))
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To: Perdogg

Hold it, I thought Bernacke said there was no inflation.


60 posted on 04/09/2011 7:40:08 AM PDT by FourPeas
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