Pam, Pam, Pam.  What is wrong with you?  You have a problem, read the follow up I did if that is not to much for you to handle.  Listen anyone who likes a Socialist Card Carrying guy who has the title of President could not find their **** with both hands.

Bernanke doesn´t understand the real effect of negative interest rates on the investors´end. It weakens the economy by suppressing income for savers. On the other side, borrowers don´t get those low financial costs, because of credit ratings and bank monopolies. Monetary policy is not linear, that´s why his theories are mistaken.

If the FED were to be graded on providing economic stability and preventing boom and bust cycles (that's their mandate isn't it?), they would receive a big F from the teacher. It seems that every time a bubble is created and subsequently bursts, the middle class develops a massive hole in its pocket that leaks wealth at an astounding pace moving to deeper pockets.

 

Does Bernanke deserve a dunce cap or an atta boy? It depends on who sets the goals and it ain't you and me.

 

 

For those of you who agree with this guy, that Bernanke is only doing what he must, I hope that you live long enough to endure the inflationary consequnces of his actions.  Greenspan started it and Bernanke has made an even greater mess.  And neither of these bozos was elected but rather appointed by both politican parties.  So what does that tell you??  Let's see the arguments again on why one party is so much better than the other, shall we?

 

We need controls on how much money the Fed is allowed to print or otherwise release into the economy.   It used to be the gold supply and now it is a dysfunctional political system that would rather print than solve. 

 

Personally I plan to vote against the incumbents and for the independents every chance I get.  I think this is the only hope, albeit slim,  for avoiding total catastrophe.  We have to start breaking up what created the mess in the first place.

Facebook is losing out to Twitter because Twitter doesn't sell private information to advertising companies.

That and anybody with a brain cell could have seen that the Facebook stock was both over-hyped and overpriced. FB stocks are better off as penny stocks. Even that is too much.

My grandfather once told me that a snake was neither good or bad, it was just  a snake and snakes do what snakes do.  BB is neither good or bad, he is just doing what he is supposed to do, keep the banking system rolling.   

 

Our system only works when the money supply is growing and moving.  The FED does the best it can to make it do that. That's why the rates are so low right now.  They want to discourage saving and keep as much money moving as possible.  Low rates also allow banks to loan more money into existence which feeds into the ponzi scheme we've been born into.  You can argue that he or his predecessor should have seen the housing bubble coming......come on...Really?   They created it for Pete's sake.  They are smart people.  Since our last real producer of wealth, manufacturing, was allowed to move overseas, they had to have another vehicle to keep the ball rolling.  (Remember, when our shark economy quits swimming, it dies).   So they lowered rates so poor credit risks could buy houses and good credit risks could buy more house than they needed.  Housing inflates but what the heck, we're still creating money so the shark swims again.  At some point it has to pop because there aren't enough real wealth producing activities to cover the debt created by all these loans.  Once everyone has a McMansion, they just don't appreciate like they used to.

 

Strictly speaking, if BB is at fault it is for not having another developing bubble in place to keep the money supply growing and give the illusion of prosperity.  QE's are just cheating.    

 

So I can't argue that BB is good or bad, he is just doing what a central banker does.  The real question you should be asking yourself is if you agree with the system.   I think it sucks. 

Between the Fed , Wall Street( Crooks ) , analysts( Crooks ) , money managers AND Bankers ( The worst CROOKS ) . You Guys are all to blame and you have your jobs , while Hardworking Americans are loosing Jobs . So off course HE and the rest of people mentioned above are to blame , who else ?  

Look Cramer you bone head you just made are point for us. He didnt recognize the housing bubble??? Are you freaking nuts?

"Let me ask you a simple question: What have the other central bankers done right that makes him seem like such a dope to so many of you?"

Allow me. As Fed Chief, it was Ben's job upon installation to establish the work that preceded his arrival. That was easy to deduce... cheap money, lax regulations to total deregulation and housing in obvious hyper-appreciation fortified by terrible lending criteria and literally without diligence. Enough prognostication existed to suggest that big business was going to terminate personnel and bet heavily on Europe failing with America prevailing. The Fed's role was to establish whether it's own member banks could withstand economic slowdown and sustain if sharp shifts occurred in credit and savings. His banks were not only weak but vulnerable too. Every indicator suggested that Dubya's money printing and increases in the Debt Ceiling had aligned us with the same scenario leading to and during the French Revolution. Ben is touted as a student of the Great Depression. Did he not bother to review Andrew Dickson White and prior depressions or grasp what business manipulation did to America in 1905? In short, Ben said "bring it on", it came and he stepped in the same crap other scholars have, who lacked any REAL exposure to bank corruption. Ben bought assets he had no business doing and he set the Bank Rate so low that banks could borrow from the Fed and buy their own debt notes for a yield profit! Where are we because of Ben? There are Trillions buried in Euro Debt instruments we will never see again. Banks set up massive facilities for big businesses that have no assets personnel or factories, who expose us to national security threats by having product made and imported overseas. Not ONE Fed Member Bank is actually solvent and NONE are connected to America through common People. In short, Ben Bernanke is the greatest CRIMINAL America has ever known and still is. We will we going to war soon. Financial people who refuse to stop destroying America will be destroyed. Businesses that don't fire every hired-in executive and go find ALL it's prior workforce will be destroyed. We will literally be the epicenter for World War III over greed. Think I'm going overboard, Jim? I didn't go to Harvard, I worked Main Street across America. My employer was taken out by the Gramm Leach Bliley Act of Terrorism in 1999 and I scrambled to work in subordinate roles to absolute fools at banks until 2008. Since then, we've endured EXACTLY what I said we would and I am not wrong about the future. How idiotic is it that Ben Bernanke doesn't fire Yellin and get the likes of Dimon off his Board. The Bank Rate has to be hiked and his banks be told to FIX the ONLY lending rate at 12% in order to force them into quality Risk models that actually perform for profit. He needs to claw back debasing dollars to restore the value of those sitting on the sidelines and crush corrupt speculators. He needs to get billions to Main Street directly, help us build direct competitors to banks, businesses and the ancillary aspects like utility and fuel, to purge the bloated ancient fools who anchor us to the 20th century. If I were one of his advisers, it would be my daily pleasure to devise a way to give some hoarder diarrhea from a direct degradation of the cash in his vault. It's currency, not the fodder for New World Order. It's what makes America tick. Ben has two months left. If we approach elections without corrections, there will be anger like none of us have ever known. You took the role, Ben... I think you're too smart in all the wrong ways, and not smart enough to look out your own window, or reach out to someone like me for help. I'm right here. What's the matter, trouble managing the laptop?