Obama ORDERS Bernanke To Buy Him The Election

[Soggy in NOLA]

So we have an entity who is supposedly not control by the president but has the authority to intervene in order to benefit.....who?

,

The American people.


I know good news for the economy is bad news for Republicans, but come on now...put away the pom poms.

Monetizing debt is not good for the economy.

 

[TakeAStepBack]

The federal reserve is out of ammo. Obama is a failure, but this isn't an admission to that. This is the federal reserve signaling they are willing to destroy the dollar in order to bail out banks because they have no other way of dealing with the monetary crisis they created.

In other words, Ron Paul is going to get his wish by default. The federal reserve is goign to abolish itself. We just have to go along for the ride. In positive news, gold and silver will soar due to all the cheap currency.

 

[8537]

So we have an entity who is supposedly not control by the president but has the authority to intervene in order to benefit.....who?

,

The American people.


I know good news for the economy is bad news for Republicans, but come on now...put away the pom poms.

Monetizing debt is not good for the economy.

We've been monetizing debt - both public and private - for a century.

 

[Contumacious]

Until the toxic mortgages are resolved (and that only through selling them at values and rates buyers or re--fiers can afford), this economy will remain sick. This program, which Romney will support regardless of what he says, should have been implemented at least twelve months ago.

The economy will remain sick as long as politicians are able to fuck around with the same and the Federal Reserve Board exists.

.

 

[JakeStarkey]

Nah, the Board ain't going nowhere, and you are not in jail. Life is good for you. Quit squawking.

 

[Liberal]

Obama is about as responsible for this as Bush was for driving hurricane Katrina into N.O. with his weather machine.

Give it a rest.

The argument should about the validity/solvency of the fed doing this, not accusing the POTUS of making it happen.

 

[Contumacious]

Bernanke needs to be fired just like Romney said.
He just screwed us royally.
He keeps devaluing our dollar and now gas, utilities and food are going to skyrocket.
We are going to have a lot of our poor who are going to freeze to death this winter.

HUH?

Has Romney ever suggested that the FRB be abolished?

.

 

[Dr.House]

Obama ORDERS Bernanke To Buy Him The Election

It bought him another credit downgrade....

 

[Contumacious]

Take a look at gasoline prices:

UGA - SharpCharts Workbench - StockCharts.com

I think Bernanke just sealed the fate of the President. National pump price > 5$ a gallon come election day.

You can't print gasoline, silver and gold Ben,

Buying a LOAF OF BREAD during the German Hyperinflation

.

 

[Middleoftheroad]

Take a look at gasoline prices:

UGA - SharpCharts Workbench - StockCharts.com

I think Bernanke just sealed the fate of the President. National pump price > 5$ a gallon come election day.

You can't print gasoline, silver and gold Ben,

Buying a LOAF OF BREAD during the German Hyperinflation

.

Yes but have you even bothered to do the math?

America = 74 trillion in assets.
Bond buying program 40B per month or 480B per year.

480B/74 trillion = .64%
So your "hyperinflation" comes out to well less then 1% per year...

 

[Polk]

The Fed Board should be incarcerated for this theft of our money. How dare they make our money worth less.

Prices are going to skyrocket in the next few months.

about a trillion or so dollars worth of a recessionary gap with 8% unemployment at the moment, and you're worried about....

Inflation?

To be fair, he's also concerned about dragons.

 

[Polk]

about a trillion or so dollars worth of a recessionary gap with 8% unemployment at the moment, and you're worried about....

Inflation?

It takes anywhere from 12 to 18 months AFTER Bernanke begins pumping the counterfeit currency before inflation surfaces - by then Obama would have been re-elected and nobody will give a shit.

.

The Fed first started purchasing MBS's in November of 2008. Four years later the inflation rate is at historic lows.

Like the Millerites, they're confident the Second Coming is just over the horizon.

 

[TakeAStepBack]

Take a look at gasoline prices:

UGA - SharpCharts Workbench - StockCharts.com

I think Bernanke just sealed the fate of the President. National pump price > 5$ a gallon come election day.

You can't print gasoline, silver and gold Ben,

Buying a LOAF OF BREAD during the German Hyperinflation

.

Yes but have you even bothered to do the math?

America = 74 trillion in assets.
Bond buying program 40B per month or 480B per year.

480B/74 trillion = .64%
So your "hyperinflation" comes out to well less then 1% per year...

Nice work, Cork. Is there anything else we might need to know to draw a conclusion?

 

[Polk]

The same claims being made today about hyperinflation being just around the corner were made by their kindred about Japan 20 years ago. How is that prediction working out?

 

[TakeAStepBack]

Hyper inflation isn't the concern we face, default and massive federal government protectionist (or confiscatory measures) are.

 

[TakeAStepBack]

We can always just monetize more debt too. Sell that back to the federal reserve and have them buy more MBS that are toxic. The banks absolutely love us!

 

[Polk]

Hyper inflation isn't the concern we face, default and massive federal government protectionist (or confiscatory measures) are.

Please, explain how Bernanke's action makes default more likely (hint: it doesn't).

 

[TakeAStepBack]

It doesn't. It just makes our purchasing power and overall wealth in decline. Depending on how far that decline goes, will determine how much of a depression we face down the road when interest rates are forced to rise beyond the feds ability to hold them down.

 

[TakeAStepBack]

Or the government defaults.

 

[TakeAStepBack]

Or both.