By Craig Torres
Feb. 3 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke told his staff today that the U.S. central bank faces “enormous challenges” as he was sworn in for a second four- year term.
“This institution, like our country, faces enormous challenges,” including the need to increase transparency and protect the central bank’s independence, the Fed chairman said, according to the text of his remarks released by the Fed.
The 56-year-old former Princeton University professor was confirmed last month by a Senate vote of 70 to 30, the most opposition to a Fed chief since the chamber started confirming in 1978.
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How is this a hint of total collapse? Kind of a reach don't you think
ReplyDeleteThis is the second leg of the total collapse of the WORLD economy. Get ready folks, its gonna get real crazy over the next several months! Massive swings in bonds, gold, commodities and currency. I hope you are all prepared and god bless.
ReplyDeletehey 520 go out in your city or a big city and look at how many are homeless, businesses closed, foreclosure signs, cars for sale everywhere, you would have to be high to not notice what is coming.
ReplyDelete“This institution, like our country, faces enormous challenges". A hint of a catastrophic challenge meaning get prepared you're toast? I thought the Economy has RECOVERED?????
ReplyDeleteWouldn't it be great if people in general would just say waht they mean and mean what they say ?
ReplyDeleteI think one of the biggest problems this entire world faces is this type of what I like to call "Fed speak jibberish" - it's just hours upon hours of worthless drivel that really means nothing.
We now have it present in all walks of life; just mindless droning on and on about nothing.
Talk is cheap Ben - show us or get the hell out.
That goes for you too Obama -
Bernanke is a joke - just look at how wrong he was since 2005 on housing being a bubble - The only challenge the fed faces is keeping the free billions in bonuses to the bankers flowing when they finally raise rates.
ReplyDeleteGlad I didn't send my kids to Princeton.
ReplyDelete5:20 probably lives in DC area and works for the gov't trolling the internet because there isnt anything left for him/her to do when gets to work. Your the next wave of "what happened?" people to hit the street. Or he's 12 yrs old and lives with his drunk mommy.
ReplyDelete@5:55 PM
ReplyDeletePal, by now you should have gotten it already that he is not a joke. He is a master in charge of "controlled demolition". Stop being such an idiot. People do not get this jobs because they are jokes. They get these jobs because the have a goal to accomplish and they do it really well.
@6:28 PM
I think regardless of you efforts the only thing that matters at Princeton or any other prestigious university is affiliation with prominent Jewish financial mafia. And do not think for a second that they are stupid. They study hard to fu$k you hard when the time comes. That's why after this controlled demolition they'll walk away before the majority of sleeping dorks realizes what happened.
Sometimes I shake my head at you people. I read the headline then I read the article and all we get is typical Bernanke speak. He mentioned nothing of a total collapse. Not even close. I'm not saying one can't happen. But it wasn't explicitly said in this article. "enormous challenges". No shit Sherlock.
ReplyDeleteIt's the 2010 first annual Bernankefest.
ReplyDeleteRides followed by face painting.
Clothing optional.
Hey you're going to lose your shirt anywat!
7:58 don't be surprised everything is just as usual blown out of proportion on this blog. Anyway non of what have been predicted so far on this blog has happened. Just go through the archive and see for yourself... just try a small experiment just ask the EA or should I say the SCV(serial crap vomiter) or anyone on this blog about previous prediction made and the guaranteed answer you get is you are a Troll.
ReplyDeleteLet's not forget the Bernanke is nothing more than a frontman, or cardboard standee just like Obama. Their purpose is to 'take the hits.'
ReplyDeleteThe real power are the Corporate Oligarch Bankers that own this country.
11:15pm...When you give best before dates then yes they will expire. If you don't look at it in terms of when they happen but that it is inevitable the articles have much more validity. ie. there are sovereign debt bombs that will go off, Stated debt bombs that will go off,consumer debt bombs that will continue to go off, and corporate debt bombs that will continue to go off...get the point...
ReplyDeleteTime to raid the banks and execute their CEOs.
ReplyDelete11:15 - while you are exactly correct, in this era of gov't fraud and lies, they will just make up the numbers to keep everyone happy and unsuspecting. Latest round of fraud is todays unemployment numbers - 9.7%. What a crock!
ReplyDeleteCorrection on above, 5:20 is exactly correct--11:15 is a troll.
ReplyDeleteYou should stop calling everyone you disagree with a troll. The word has no meaning around here. It is true that sometimes things are over-blown on this blog. Take, for instance, the claim that the Vatican reads here daily, LOL.
ReplyDelete5:03 I view who comes here, where they come from including time date ip address as well as the exact detail of your computer
ReplyDeleteOh, well, well... now who is acting like big brother?
ReplyDeleteThe exact detail being color resolution, operating system, etc. Yeah, so what? That is common information that websites glean from visitors.
Does it prove the Vatican visits here daily? I think not wise guy.
I like Ben Bernanke, great allround type of guy, funny , witty, wears his heart on his sleeve , i bet he even takes the garbage out. And what about the intellect, this mans from another planet, i mean , who wouldv'e even thought it possible to cure too much debt, spending and loose credit with even more debt, more spending and no credit?. Totally unique, i'll bet he's in line for some type of award, might even run for president.
ReplyDeleteExactly. There are those that claim it is all planned by devious superior intelligence, but the truth is much more plain. These people are not all that smart and a product of the past 75 years of expanding econonomic growth and keneysian theory. They believe that growth is infinite and that "more of the same" medicine can only help. But needless to say they are wrong.
ReplyDeleteThere are websites that will track visitors for you. It's just interesting to see how many people you are reaching, not a "Big Brother" thing. My old website had visits from over 40 countries, and one url just said PENTAGON and one said .DOJ. I printed out those pages in case anyone ever doubted it. My site was mainly about exposing truth.
ReplyDelete