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If you don't know who Ben Bernanke is you're part of the problem! - politics

Mr. Bernanke, what's wrong with asking about the difference between your bubble-blowing money-printing monetary policies and those of Alan Greenspan? I mean, can't anyone "print money out of thin air" and pump it into financial assets like stocks and bonds? What's so intelligent and creative about doing that? How long can this money printing scheme go on before inflation rips through the US economy? Well Mr. Bernanke, it appears you have convinced speculators of your success with "quantitative easing" and "Operation Twist." The stock market is fast approaching the highs seen in the good old days that your predecessor created. Congratulations, you can print trillions of dollars buying overvalued U.S. government bonds pumping equities higher and higher. I'm impressed. But not with the fact that you know how to create a giant global Ponzi scheme. No, no...I'm impressed that central banks are letting you get away with it. Poor Portugal, Italy, Ireland, Greece, and Spain; if only these "PIIGS" could print their way out of a global crisis into a false recovery like you have done. Of course Wall Street insiders know you are providing Europe all the greenbacks needed to kick the can further down the road. We all know your plan is to get the stock market to new all-time highs creating the illusion of recovery and prosperity. How sad it will be for America when inflation rips out of control from your reckless policies. Do you really think a Ponzi scheme, where the Treasury issues bonds and the Federal Reserve buys those bonds, can last without collapsing the US dollar? Do you think that repeating the bubble-blowing mistakes of Alan Greenspan is a good long-term monetary policy? Isn't this just more of the same: short-term gain for long-term pain? And are you planning to buy every piece of US debt on the planet that comes for sale once central banks wise up and really unload bonds at all-time highs? That time will be your fork in the road -- the moment of truth. Will you take the path toward super inflation or the path toward free markets? Mr. Bernanke, bonds can only go so high, so you're reaching your bubble-blowing limits. Soon the greatest bubble since dot-com, global real estate, and commodities will blow your giant Ponzi scheme to pieces. And I'm afraid history will judge you just like Alan 'bubble-blowing' Greenspan. But I'm more afraid of what our economy and our exploding government debt will look like when the bond bubble bursts and US interest rates roar higher.

TAGS: vik battaile

politics If you don't know who Ben Bernanke is you're part of the problem!
vbattaile  #53963 Created December 23, 2013



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Liberals - politics

are selective hypocrites

TAGS: selective

politics Liberals
JGalt  #53878 Created December 21, 2013



GrouchoMarxists - November 24, 2017, 4:13 pm
..Yes they are..
foxrecon19d - May 5, 2014, 8:05 am
Take Moo(+) advice. Express your point and use your freedom of expression to ignore whatever right-wing nut job stuff I say when I express mine. I don't attack dumb liberals, per se'. I attack the liberal main stream media that is making them dumb.
foxrecon19d - May 5, 2014, 8:01 am
Hey J, Chillax... Most of us here have friendly rivalries (emphasis on friendly)Take faux and I. We are polar opposites, and we go back and forth all the time. But I know that he is a good guy and he knows how to intelligently make his point.
fauxnews - May 4, 2014, 11:04 pm
You're for real, right? Not a parody?
Mooooooooooooooooooo - May 4, 2014, 11:02 pm

And know that this site (due to recent BS) will be more closely moderated. Personal attacks and pointless insults will not be tolerated.
Mooooooooooooooooooo - May 4, 2014, 11:00 pm

Take a stand for your party, don't stress over the competition.
Mooooooooooooooooooo - May 4, 2014, 10:59 pm

Right after the election the liberals dominated this site, since the election they have dwindled off really fast....the parties come and go, right now there are more conservatives/Libertarians. who knows what will happen next week/month/year?
Jamison12 - May 4, 2014, 10:55 pm
Look, I shouldn't have told you how to moderatem that was wrong, and I admit that, but seriously, this site is overrun by users out on a witch hunt for people who happen to be liberal! It's getting out of hand!
Mooooooooooooooooooo - May 4, 2014, 10:50 pm

I'll never tell you not to use the word "hypocrite" but "dumbass", "f***tard" and the like are off the table.
Mooooooooooooooooooo - May 4, 2014, 10:47 pm

Things have changed around here. I'm doing my job, but I can't go back in time and fix everything. Don't tell me how to moderate.
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An unbelievable choice by Senate Democrats - politics

Senate Democrats voted to keep benefits for illegal immigrants while reducing benefits to disabled veterans. This is unbelievable!

TAGS: vik

politics An unbelievable choice by Senate Democrats
vbattaile  #53823 Created December 19, 2013



GrouchoMarxists - November 24, 2017, 4:13 pm
..This tasted as good as my fermented beet sushi..
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Indict Bernanke! Abolish the Fed. 'Bernanke bubble,' deficits are the road to ruin - politics

The March 31 letter from Pelvo White Jr. ("Bull market doesn't translate to a healthy economy," The News Herald) brings to mind a few thoughts. White asks why the average person isn't benefiting from the stock market gains. Let's look at why we are experiencing a bull market at this time. It's actually pretty simple. It goes back to two factors: 1) enormous deficit spending by the current administration, and 2) multiple episodes of quantitative easing. "Quantitative easing" is nothing more than freely printing new money with no substance to back it. Federal Reserve Chairman Ben Bernanke is the culprit here, backed in full by the Obama team. In case you haven't heard the term the "Bernanke Bubble," you need to remember it now. It is going to come back to bite us, and folks are going to wonder how this happened. In addition, the two other major banking systems, the Bank of Japan and the European Central Bank, are doing the same thing in an effort to devalue their currencies to gain a competitive edge in the world market. Historically, it's well known that every country that has tried this has failed miserably. It was the beginning of the Great Depression, and has occurred two more times since then. The "Bernanke Bubble" has kept interest rates artificially low, primarily helping big banks get cheap money, but in turn they are lending only to clients with the highest credit ratings. This is all contrary to what President Obama would have us believe. Of course, the low interest rates are hurting most savers, thus forcing investors into the stock market and raising the prices (bull market). The second factor — the enormous deficit spending — keeps pumping money into sectors of the economy, which hasn't helped the average person. Much of the spending has gone into subsidizing Obama's pet industries, such as Solyndra and the ethanol boondoggle, among many. Can anyone point out a spending program under Obama that has truly and actually helped the economy? When this country's overspending and money printing finally reaches a critical mass, we will see much more difficult times. When the "Bernanke Bubble" bursts, the inflation rate will skyrocket, hurting the average person the most. If case you haven't noticed, the prices of our commodities are creeping up already. Due to our country's fiscal irresponsibility, you haven't seen anything yet!

TAGS: vik battaile

politics Indict Bernanke! Abolish the Fed. 'Bernanke bubble,' deficits are the road to ruin
vbattaile  #53788 Created December 18, 2013



GrouchoMarxists - November 24, 2017, 4:14 pm
..If you have trouble sleeping and need a sedative, read one of these..
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THE FED: INDEBTING THE NATION SINCE 1913. Stop Counterfeiters... Abolish the Fed! - politics

As the Federal Reserve's 100th anniversary approaches on Dec. 23, Andrew Huszar, who helped manage the Fed's quantitative easing program, is publicly apologizing for what he has done. He says that quantitative easing has accomplished next to nothing for the average person on the street. Instead, he says that it has been "the greatest backdoor Wall Street bailout of all time." Other aspects of the Fed's dubious record: the economy has experienced just as many recessions in its 100-year history as it did in the 100 years prior to its existence; the U.S. dollar has been destabilized and its value has declined by more than 95 percent; the U.S. national debt has gotten more than 5,000 times larger. In short, under the Fed, the rich have gotten richer, the poor have gotten poorer, the middle class is getting smaller and the rest of world is beginning to openly wonder why they should continue to use the U.S. dollar as the de facto reserve currency. No wonder the latest Rasmussen Reports national telephone survey finds that 74 percent of American adults favor auditing the Federal Reserve and making the results available to the public.

TAGS: vik

politics THE FED: INDEBTING THE NATION SINCE 1913. Stop Counterfeiters... Abolish the Fed!
vbattaile  #53787 Created December 18, 2013



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