Ben 'Shalom' Bernanke on 60 minutes "We're not printing money"

[Scorpio]

ol' Shalom seems to be lying through his teeth and seems quite nervous as well.

[yeti]

If you believe these people when they say unemployment is at only 9.5%, you are part of the problem.

What a nauseating interview. I need to go and puke my guts out now...

[Scorpio]

(12-06-2010 11:20 PM)yeti Wrote:  If you believe these people when they say unemployment is at only 9.5%, you are part of the problem.

What a nauseating interview. I need to go and puke my guts out now...

I must admit, I agree with you 100% on this one.
All of the govt. numbers are 'goosed' right now. How about the Fed saying there is no inflation?! Yeah right. As long as you don't eat, put gas in the car or heat your home - then there's no inflation.

As far as the unemployment goes, yes the 9.5%. figure is absolute BS.
Many people put it at 17% or higher. The other problem is that many of the new jobs being created are low wage jobs with little or no benefits. (Walmart, McD's ect.)

[FastTadpole]

This response fits here too. Originally posted on this thread.

The debt on the Federal Reserve is the best secured and most backed currency on the planet. It is far from fiat and is proven to be payable. By way of the way QE1 and QE2 have been allocated. China has cashed in big time through apparent under the table dealings for assets such as energy, technology (even military tech), land titles and water. The UN dealings appropriate billions annually. The research in universities go to private dealings with stock holders of different nationalities. Also on the table is a bank and transaction monitoring system 2nd only to India.

With a VAT on the way the debt is payable through every goods and service more is appropriated to debt on top of the trillions garnered through the hidden price at the pumps (straight to the IMF). Foreign subsidies are going to all types through various NGOs, Grants and tax deductions. We sold off everything from highways (Spain - North American Super Highway) to water (Swiss - Nestle) to Drilling rights (Britan BP - Gulf of Mexico) to cover the trillions of borrowed dollars.

The dollar is and has been backed by something all along our land, our resources and us.

The Money That Is Sold Abroad Is You!




It's not worthless pieces of paper.. the government collateralizes us.

Edit: Oh they're also eyeing the social security pot (or what is left of it) to hand out to "developing" nations as part of the carbon dioxide equalization subsidy. The health care dollars may also be subject to that pot marked for redistribution by government.