Bernanke Goes All In. translation? anyone care to try?

AtomicRob

Well-Known Member
Joined
Feb 4, 2009
Messages
513
Reaction score
458
Location
California
Man I would hate to be Bernanke... No matter what you say, everyone suddenly becomes an expert and has to correct you. Like having 300 million back seat drivers and armchair quarterbacks. :naughty:
 

SmokeyDopey

Well-Known Member
VIP Member
Joined
Mar 9, 2011
Messages
11,876
Reaction score
8,074
Location
Argentina
You do have some interesting and worrying things going on in your country. Kirchener is a balls to the wall kind of woman but I'm not sure that is benefitting Argentina too much at the moment. How passionate are argentines about the Falklands/Maldives dispute? Do they really care or is it a way for politicians to distract from the economic issues? However, you do have a national treasure in the person of Juan Martin Del Potro and he represents all Argentinians well.

The way she speaks or gives speeches... It is eerily similar to Hitler's way of giving speeches.

Some people are really passionate about it. Even in maps in school it doesn's show as Falkland's, it shows as "Islas Malvinas", as if they were Argentine.
But it comes and goes... Sometimes people don't really say anything, but then they start mentioning it again, pumping up the masses with national pride. And there is even a big sign close to where I live that says something like "The English are pirates, Islas Malvinas are Argentine" with a picture of a skull with n eye patch and the British flag in he backround.

When I see that sign I twitch... And when I hear other people (even friends) talk passionately about it, and how they talk about soccer/football as if it were the most important thing that's going on (The president made soccer free for everyone. yippee.....) It makes me want to start throwing punches and slapping people.
A friend of mine even said "Hey, you should know a little more about soccer, you should watch it more, know what's going on"

:wtf: No, I'm not really worried about SOCCER right now (oops, football, sorry brits :D)
 

scat7s

Well-Known Member
VIP Member
Joined
Nov 19, 2010
Messages
13,870
Reaction score
7,292
Man I would hate to be Bernanke... No matter what you say, everyone suddenly becomes an expert and has to correct you. Like having 300 million back seat drivers and armchair quarterbacks. :naughty:


dont feel too badly for him, im sure he collects a paycheck worthy of being the public whipping boy. and he will be just fine.
 

crossroadsnyc

Senior Moderator
Staff Member
Joined
Feb 5, 2009
Messages
22,224
Reaction score
23,381
Sure, I'll take a stab at this one ...

hyperinflation-1.jpg


tumblr_m7lvoqP2pF1ry96k9o1_500.jpg


inflation.jpg


Inflaci_utan_1946.jpg
 

scat7s

Well-Known Member
VIP Member
Joined
Nov 19, 2010
Messages
13,870
Reaction score
7,292
This is so weird. Just the other day I saw an interesting movie that talks about this.
Now I don´t agree with all of it, some assumptions are wrong in my opinion and some reasoning is naive unfortunately, how ever well intended and ultimately true.
But it raises some very interesting ideas. Look at it. Food for thought.
It´s the top movie on the right. And don´t be afraid, the movie is in english:)

Zeitgeiströrelsen i Sverige

i think smokey showed this to me a while back...is this the guy that wants to build plastic houses and stuff?

like you said, its got some interesting points, but ultimately sounds like hes advocating socialism, there are points i agree with and stuff i think needs some rework in his ideas.
 

SmokeyDopey

Well-Known Member
VIP Member
Joined
Mar 9, 2011
Messages
11,876
Reaction score
8,074
Location
Argentina
I agree, it's not all perfect, but I like that ideas are being thrown out there.

A lot of us complain and complain but don't really contribute to suggestions.
Some ideas being thrown out there can be seeds that can later develop into something else. But different ideas develop with time. It is food for thought.

And some things being exposed can serve well as a slap in the face for those of us still living in fantasy world, which is an illusion. We need to snap the fuck out of it.
 

scat7s

Well-Known Member
VIP Member
Joined
Nov 19, 2010
Messages
13,870
Reaction score
7,292
agreed.

i do like some of his thoughts. at times though, it felt like what he was proposing was simply new world order philosophy. it felt contradictory at times.
 

Les Moore

Well-Known Member
Joined
Mar 8, 2011
Messages
2,368
Reaction score
924
Location
Stockholm Sweden
One definition of stupidity goes something like "doing the same mistake several times".
About Zeitgeist. I think the idea of everybody doing their share and having equal oportunities is a wonderful idea. I remember like 30 years ago I made a thought experiment. Just take money out of the equation and let everybody continue as usual with work. Divide work equally and everyone would just go and get what they need. We would work less and be able to devote our time to what we are interested in. But you soon realise that it would fail because of the human ego. Too many individuals would start taking too much of everything. This is where I think the "plastic building guy" is wrong. The foundation of his whole idea seems to be "there is no human nature only human behaviour". I don´t agree. And if he, as I say, is wrong then the whole construct of his social idea will fall like a house of cards.
BUT, the idea that education and information could or would lead to a more fair society is right in my opinion. We can make better decisions and will be better off if we can make choices based on correct information instead of what some wants us to believe for one reason or another.
 

Username2

New Member
Joined
Feb 15, 2011
Messages
4,415
Reaction score
4,700
One definition of stupidity goes something like "doing the same mistake several times".
About Zeitgeist. I think the idea of everybody doing their share and having equal oportunities is a wonderful idea. I remember like 30 years ago I made a thought experiment. Just take money out of the equation and let everybody continue as usual with work. Divide work equally and everyone would just go and get what they need. We would work less and be able to devote our time to what we are interested in. But you soon realise that it would fail because of the human ego. Too many individuals would start taking too much of everything. This is where I think the "plastic building guy" is wrong. The foundation of his whole idea seems to be "there is no human nature only human behaviour". I don´t agree. And if he, as I say, is wrong then the whole construct of his social idea will fall like a house of cards.
BUT, the idea that education and information could or would lead to a more fair society is right in my opinion. We can make better decisions and will be better off if we can make choices based on correct information instead of what some wants us to believe for one reason or another.

Read Karl Marx, your vision is communism. No thanks.

Heres an idea. How about we quit spending money we don't have, anyone else but me want to talk about cutting spending and entitlments? How about we quit growing the beast which is government, after all the bigger it grows the less freedom and liberty we have. How about we quit with all these schemes (the Fed) to falsly manipulate the economy.

Most of all how about ever person and country mind their own fucking business.
 

scat7s

Well-Known Member
VIP Member
Joined
Nov 19, 2010
Messages
13,870
Reaction score
7,292
Most of all how about ever person and country mind their own fucking business.

aint gonna happen.

entitlements like social security? haha...thats the only one they seem interested in trimming back and/or bumping up the age at which you can collect it.

btw, thats sarcasm, SS has only been considered an "entitlement" in the last few years. thank goodness we are still "entitled" to collect something if we live long enough, considering we pay into the fucking thing for our entire working lives....
 

SmokeyDopey

Well-Known Member
VIP Member
Joined
Mar 9, 2011
Messages
11,876
Reaction score
8,074
Location
Argentina
Read Karl Marx, your vision is communism. No thanks.

Heres an idea. How about we quit spending money we don't have, anyone else but me want to talk about cutting spending and entitlments? How about we quit growing the beast which is government, after all the bigger it grows the less freedom and liberty we have. How about we quit with all these schemes (the Fed) to falsly manipulate the economy.

Most of all how about ever person and country mind their own fucking business.

It's not the same as communism. Communism is the same crap.
Why? Because it too works with money.
 

scat7s

Well-Known Member
VIP Member
Joined
Nov 19, 2010
Messages
13,870
Reaction score
7,292
Ron Paul vs. Ben Bernanke: final battle ends on surprising note

With Rep. Ron Paul retiring this year, his epic battles with Federal Reserve chairmen are coming to an end. But his last run-in with Ben Bernanke took a more reflective turn.


By David Grant, Staff writer / July 18, 2012





Federal Reserve Chairman Ben Bernanke appears before the House Financial Services Committee Wednesday to deliver his twice-a-year report to Congress on the state of the economy.
J. Scott Applewhite/AP







Since 2006, when the latter was named as the chairman of the Federal Reserve system, the former – the libertarian congressman from Texas – has been haranguing Mr. Bernanke during his annual visits to the House Committee on Financial Services.
But with Mr. Paul retiring after this term, Wednesday marked the final chapter of six years of Paul-Bernanke combat. Their engagements have often been the stuff of Internet lore.


Paul-Bernanke matches “certainly made the hearings more interesting – and provided several memorable YouTube moments,” said Rep. Spencer Bachus (R) of Alabama, the chairman of the House Committee on Financial Services at the top of the hearing.
The script usually goes like this: Paul launches into a lecture about Austrian economics for somewhere near half of his allotted time, followed by a perfunctory question to Bernanke. Bernanke answers succinctly, often with a slim smile. Paul then fires off several other questions which Bernanke deflects with a mix of concision and respectful disagreement.
Wednesday wasn’t much different – but it dropped a curtain on a poignant, long-running episode of a broader battle within the GOP on fiscal and monetary priorities.
On one side of that divide stands Bernanke, a Republican and economist with technocratic bona fides after being thrice nominated by President George W. Bush to various posts, including his current spot, before being reappointed by President Obama. On the other is Paul, the leading light for the Republican Party’s disaffected libertarian cohort who see the Bernanke years, including bank bailouts and rock-bottom interest rates for years on end, as not distasteful necessities but deep betrayals of conservative financial principles.
Many on the Financial Services Committee were in a reflective mood early in Wednesday’s hearing – including Paul.

“I have over the years obviously been critical about what goes on in monetary policy, but it hasn’t been so much the chairman of the Federal Reserve, whether it was Paul Volcker or Alan Greenspan or the current chairman, it’s always been the system,” Paul said. “I think they have a job that they can’t do because it’s an unmanageable job, it’s a fallacy, it’s a flawed system, and therefore we shouldn’t expect good results.




Burnished by double a member’s usual time allotment – fellow libertarian Rep. Walter Jones (R) of North Carolina gave up his time so Paul could speak at greater length – Paul uncorked one of his standard diatribes about the Federal Reserve’s secret deliberations over monetary moves.


The argument has particular weight this week, as the House is set to take up (and likely pass) next week Paul’s bill to force the Federal Reserve to reveal more about its deliberations over monetary policy moves.
“Whose responsibility is it under the Constitution to manage monetary policy?” he asked.

“Congress has the authority and it's delegated to the Federal Reserve. That’s a policy decision that you’ve made,” Bernanke replied.
Paul was unimpressed.

“But [Congress] can’t transfer authority. You can’t amend the Constitution by just by saying ‘We’re going to create some secret group of individuals and banks.’ That’s amending the Constitution. You can’t do that, and then all of a sudden allow this to exist in secrecy,” Paul fumed.
Bernanke parried by saying Congress has given that authority and they could decide to take it away. He wouldn’t recommend it, as he argued independent central banks have delivered better economic results than nonindependent ones. But Congress could do so.
Paul’s reply?
“Congress ought to get a backbone, we have a right to know, we have an obligation to defend our currency,” he said.

And that launched a soliloquy that was picture-perfect Paul.

“It’s the destruction of the currency that destroys the middle class. There’s a principle of free market thinking that says destroying the value of the currency through inflation, you transfer the wealth from the middle class and it gravitates to the very wealth. The bankers, the government, the politicians – they all love this. It is the fact that the Federal Reserve is the facilitator. If you like big government, love the Fed. They can finance the wars and all the welfare you want ... but your country ends up in a crisis. It’s a solvency crisis, and it can’t be solved by printing a whole lot of money,” he concluded.
Paul, whose warnings about debt, deficits, and inflation have been his calling card during some 20 years in public service, later offered another line of argument that could stand in as an essential statement of his critics during his time in Congress.
“We’re in deep doldrums and we never change policy. We never challenge anything. We just keep doing the same thing. Congress keeps spending the money, welfare expands exponentially, wars never end, and deficits don’t matter,” Paul said.
And what did Bernanke say to that? Nothing, directly. Paul had gobbled up all of his available time. Only when Rep. Barney Frank (D) of Massachusetts asked for a moment for Bernanke to respond did he get a word in to defend the Fed’s current procedures.
“So far my views have not prevailed,” Paul later said, “but I have appreciated this opportunity to have served on the [financial services] committee.”
 

TwinACStacks

New Member
Joined
Mar 29, 2009
Messages
14,938
Reaction score
8,095
Location
DETROIT Suburbs
Translation... Americans are so fucking stupid and are being robbed.... for a third time.

Printing money devalues ever asset you own except gold and bullets. The reason he did this, because he wants to help the economy, some say it is recovering... turn on the TV they will tell you. Dollar dropped like a rock today didn't it. They want you have cash in your wallet so you don't notice until the morning you wake up and discover you are carry ass wipe in your wallet.


The end game is for debt to destroy the US economy and the dollar. It is the only thing that stands in the way of one world currency. Except the world currency will not be a currency at all, it will be the beast.

I hear you loud and Clear, Nuke. The Book of Revelation becomes reality as we watch.

:cool::cool: TWIN
 

Username2

New Member
Joined
Feb 15, 2011
Messages
4,415
Reaction score
4,700
Ron Paul vs. Ben Bernanke: final battle ends on surprising note



Take a good look at this guy. He is the biggest thief in history. No other man has done more to steal so much wealth that has yet to be created.
 

Les Moore

Well-Known Member
Joined
Mar 8, 2011
Messages
2,368
Reaction score
924
Location
Stockholm Sweden
Apart from the money issue that Smokey took up about why communism doesn´t work, is the concentration of power. As soon as you start doing that, ego will sooner or later start to take over. I think that a certain type of person is interested in working for governments and other types of power concentrated organisations. The same type that later on will get corrupted in one way or another. That is one reason I voted no on the whole EU thing. And look at it now...
 

Latest posts



Top