Posts Tagged ‘Bernanke’

This week the Fed lost its appeal to protect it from having to disclose who it gave emergency loans under the pretense of saving the global financial system during the 2008 banking crisis. As he faces the fact that he is consistently wrong about the economy, lying about inflation, printing money at a pace never seen before, bailing out and subsidizing banks and Wall Street, and watching governments borrow and spend their nations into bankruptcy he will have to figure out how to not become a victim of the economic hitmen.  Might be a rough weekend at Bernanke’s.     More »

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This week we learn that in the month of February the Beltway Burglars ran a deficit of 225 billion dollars.  That is 2.7 trillion dollars – nearly a trillion dollars more than the current official annual budget deficit estimate.  Now DC has been saying for months that the economy is showing signs of growth.  If this is growth the US economy is destined to return to the womb.     More »

As Ben Bernanke continues to hurtle the US economy along at breakneck speed around the most dangerous track he can find, the scene appears to resemble a runaway passenger train loaded up with government, academic, and corporate intellectuals – a veritable who’s who of crash test dummies about to premiere with their greatest hit – or is that their greatest crack-up.     More »

Fourth quarter revised GDP is in from the Bureau of Economic Assassination.  And the verdict is that the economy was growing slower than originally estimated at 2.8 percent, down from the 3.2 percent pimped to the press in January.  What a shocker!  Down the memory hole with that advance announcement.  If you account for the way that Washington understates price inflation in the GDP deflator you find out that the economy is actually contracting as it has been since the housing bubble popped.  All of the actions that have been taken by Fed chairman Ben Bernanke have completely and utterly failed to do anything except generate inflation worldwide in commodities, energy, and food.  Let’s hear if for America’s new Demolition Man.     More »

Deflation has become the new dirty word in the government and financial stratosphere where our political and corporate masters dwell.  The Fed has printing money at an alarming rate to stave off deflation in the markets.  According to the Keynesians, the bankers, and the government it is the greatest disaster that can hit an economy.  But what is it?     More »

The economy is now several months into Bernanke‘s Viagra treatment program otherwise known as QE2.  This misguided program of artificial stimulation claims it will make things grow and the world will be a better for it, nut just like the pharmaceutical it is only a temporary solution.   There is no real growth that will be sustained, only a symptomatic rise and fall with a whole lot of money spent and no lasting growth.  Ben is praying for a return to the days of his youth.     More »

This week a great entertainer from my childhood passed away – Dandy Don Meredith.  The man responsible for the longest pass play to date in Dallas Cowboys history, and the comedian of the hot new Monday Night Football broadcasts still looms large in my memory.  I can still hear him singing near the end of a game that had gotten out of hand with one team thumping the other, “Good night the party’s over…”  I can only assume that right before he died he was singing the same tune to the US government, the Europeans, and the Federal Reserve. The market was thumping the governments, central banks, and Wall Street elitists.     More »