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« Inside Job Wins The Oscar: "Not A Single Financial Executive Has Gone To Jail, And That's Wrong" | Main | PHOTO - Occupy New Year's Eve 2011 »
Monday
Jan022012

A Movement By The People To Prevent The Reappointment Of The Fed Chairman - Bernanke's Failed CNBC Predictions Caught On Tape

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Spliced video from 5 CNBC appearances from 2005-07 where Bernanke demonstrates that he knows absolutely nothing.  This one is so good we need it to go viral.  Please send it to your reps in Congress and to the White House.  Washington contact info for everyone and everything is here.

If we can get a million voters to see the clip, and from that group, 100,000 or so to actually email the video to someone in Washington, we might just be able to make enough noise to send B-52 back to Princeton.  At a minimum we will make his life miserable and cause him extreme distress as this video passes through a million households and his utter lack of competence is seen by so many.  If nothing else, think of it as a few minutes of your time for karmic revenge.  Thank you!

  • There is no excuse or precedent for the Chairman of the Federal Reserve to misunderstand, miscalculate and misrepresent the greatest debt bubble of the last 200 years so tragically.  Thousands saw it coming, but Greenspan & Bernanke were completely and utterly disconnected from reality.
  • Bernanke actually said that lending standards were circumspect and safe, or something to that effect, and that regulators were closely monitoring the quality of loans made by banks. I will pause while you get off the floor from laughing.
  • Every time he opens his mouth in this clip, he's not just wrong, but insufferably so.  His credibility is non-existent.
  • Chairman Bernanke, there is no excuse.  Admit your failure.  We the people ask for demand your resignation.

 

Fed, Federal Reserve Chairman Ben Bernanke

  • Thank you!

 

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Reader Comments (36)

Why not create some trouble for Bernanke.

I think it's safe to say his incompetence has created substantial trouble for taxpayers. Time to turn the tables and make his life miserable with a campaign to prevent his reappointment.
Jul 30, 2009 at 7:27 AM | Registered CommenterDailyBail
True, Gentle Ben SUCKS LARGE, but what if we get that insolent pig SUMMERS as fed chairman? Talk about going from bad to worse. A fellow patriot/blogger recommended Alan Blinder, but I think Obama is in love with SUMMERS, the gender-bigoted derivative destroyer of the Harvard endowment (who was basically ousted from Harvard in an unprecedented vote of no confidence). SUMMERS, the cheif engineer of the Russian public-private scandal who paid millions to settle a federal lawsuit charging fraud and bribery. SUMMERS, the sleepy one day a week quant fruitbag who made 5.2 million last year at D. E. SHAW & Co hedge fund. SUMMERS, the highest paid guest "speaker" at $135,000 for a single appearance at Goldman Sachs, and who made 2.77 million over 40 speaking engagements to the financial sector. SUMMERS the most egregious case of conflict of interest and collusion with Wall Street to ever walk the halls of Capitol Hill.
That's who's in the running for the post.
Please read this entire article:
http://letthemfail.us/archives/1247
(it's the best contribution I could ever make to your cause here)
God help us either way, and THANKS AGAIN to the Daily Bail for waking up the sheople from their consumption-induced debt-coma -Wil
Jul 30, 2009 at 8:46 AM | Unregistered CommenterWil Martindale
Bernanke is EITHER...an IDIOT....or.... in on the HEIST. I am voting the latter........AB
Jul 30, 2009 at 9:25 AM | Unregistered CommenterAin't Bullshittin'
I forgot Maria B. was ever that thin. BB made himself a fool.
Jul 30, 2009 at 9:50 AM | Unregistered CommenterKeelie Cie
Bwahahahaha.

He missed everything.

Now I know why he admits to mis-reading the crisis. Looks more like he's got some honesty issues. We do not need him. And not Lawrence S. either. He would sleep thru the FOMC meetings.
Jul 30, 2009 at 9:55 AM | Unregistered CommenterMoses on the Buy Side
Bernanke is like weathermen. Their predictions are about as good as a monkey throwing a dart.
Jul 30, 2009 at 10:05 AM | Unregistered CommenterRobertM
Time for "B-52" to take a hike.
Jul 30, 2009 at 10:43 AM | Unregistered CommenterSell Short
ABOLISH THE FED
Jul 30, 2009 at 10:54 AM | Unregistered CommenterJamie Dimon
This problem is not about an individual, though tar and feathers for the individuals would be fun and just. The problem is systemic.

There are only 2 solutions: Ending the Fed and Fractional Reserve Banking, or a Volker type fed chair who is willing to make everyone miserable for 10 years with 15% interest rates to save the dollar.

I'm personally saving all of my Federal Reserve notes and T-bills to burn for warmth in the next 10 years. I may also save another pile of bills to eat, as the fiber in the paper will undoubtedly be more than I could exchange the paper for.
Jul 30, 2009 at 1:19 PM | Unregistered CommenterIlDente
Chris Matthews is going to take over for Robert Gibbs as Obama's press secretary.

What do you think, is that a good idea?
Jul 30, 2009 at 2:38 PM | Unregistered Commentergobias bluth
My impression is that he sees his role as the paternalistic cheerleader - protecting us from a truth we couldn't understand or handle. In each snippet was that generic, political speak - translation - don't worry, be happy and keep on spending.
Jul 30, 2009 at 4:36 PM | Unregistered CommenterAngry Jones
Daily Bail, We are with you--can't you hear the faint tippy-tapping of our keyboards?

I visited an old place of employment this week--a manufacturer of automation components. Since December '08 they reduced people's hours to 6 from 7 1/2, and pay by 20%. People are hurting, and it infuriates me to see that soft headed little weasel in his finely tailored pretty suit recite those evil selfish lies. Now wait until the inflation hits.

I am more convinced than ever that this den of thieves is the command central for most of our problems. I intend to refocus my efforts on helping inform people--look at what happened with Ron Paul and his 'audit the Fed' bill: he got 276 CO-SIGNERS when he was expecting a handful! All we have to do is spread the info--the outrage grows spontaneously from that.

Any other 'news' out there is a distraction, either planned or utilized happily by our rulers to try and lead us off track. Well, it isn't going to work on me anymore.
Jul 30, 2009 at 11:21 PM | Unregistered CommenterSonic Ninja Kitty
@ Sonic

"I intend to refocus my efforts on helping inform people--look at what happened with Ron Paul and his 'audit the Fed' bill: he got 276 CO-SIGNERS when he was expecting a handful! All we have to do is spread the info--the outrage grows spontaneously from that."

Pretty amazing.
Jul 31, 2009 at 7:03 AM | Registered CommenterDailyBail
In watching these clips it also reminds me how much of a tool that Steve Liesman - the so called Sr Economics Reporter - is! He is always spouting the company line and laps up this kind of misinformation like the lap dog that he is. None of the CNBC hosts are ever critical they are merely cheerleaders for the Investment Banks, Federal Reserve, et al. Lastly I despise morons like Mark Haines who has the audacity to make fun of and discredit pundits like Peter Schiff who are 1,000 more knowledgeable than anyone employed by CNBC. CNBC is a complete waste of time.
Aug 16, 2009 at 3:39 PM | Unregistered CommenterSFMikey
SFMikey

Good stuff...Liesman gets skewered around here appropriately whenever I post a clip of him...thanks for your comments.
Aug 17, 2009 at 1:50 AM | Registered CommenterDailyBail
INJUSTICE TYRANNY MUST BE FOUGHT NOW........

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=tm&bn=8089&tid=421439&mid=421439&tof=-1&rt=1&frt=2&off=1



My Fellow Americans

Do you get it now or not?

We the working class (So called Middle Class) Have been scammed by biggest MORTGAGE PONZI SCAM by Federal Reserve Banker Thugs /Walls Street Shills

Also Corporate Crooks have looted our Pensions with Zero Cost Back Dated stock option crimes and shipped our Industrial base & Jobs to Asia.

Federal Reserve Banker Thugs/Wall Street Shills/Corprate Crooks = HOME GROWN FINANCIAL AL QAEDA

Washington= DEMON_RATS & REPO-CONS =Politicians in Washington DC have worked for the HOME GROWN FINANCIAL AL QAEDA .

or this way to understand:

The Washington Criminal Blood Sucking Pests (SENATE & CONGRESS)+PRESIDENTS starting with BILL CLINTON/BUSHES/Now CHICAGO MOB SHILL(OBAMA) have sided with the HOME GROWN FINANCIAL AL QAEDA

My fellow Americans: remember it is our Blood Sweat TAX Dollar Credit card the HOME GROWN FINANCIAL AL Qaeda is using at Zero Percent Interest Rate handed by WASHINGTON CRIMINAL SENATORS * CONGRESS*

And do ya get it now or not?

It is our TAx Blood Sweat dollars and we are being banged and scammed by same criminal crooks with higher Credit card/ fees and Interest rates and thrown out of homes.

And no Criminal got punished but got rewarded by OBAMA(CHICAGO MOB SHILL) + DEMON RATS/REPO-CONS


BIGGEST PONZI SCAM CRIME EVER IN HUMAN HISTORY AND WE USA BAMBOOZLED FUCKS DON't GET IT?

My Fellow Americans;

WASHINGTON CRIMINAL CROOKS ARE CRIMINAL RULERS AND NOT OUR REPRESENTATIVES ANY MORE......................

HARSH REALITY: We are now broke and reeling under debt and are perma working slaves of this HOME GROWN FINANCIAL AL QAEDA

Now we must decide:

Do we want to be Working slaves of this Home Grown Financial Al Qaeda who busted and is rewarded for the crimes?

or

We must revolt now to free our selves from this enforced DEBT Slavery on us by these Criminals?

My Fellow Americans:

I give you my conviction, we must revolt and I provide you all with a NON VIOLENT WEAPON that we must unitedly use now

WEAPON: Dump all Mutual Funds and stocks and buy short term treasury bonds

Stop making all payments to Banker Thugs

this weapon will CRASH THE PONZI SCAM WALL STREET CASINO(EPICENTER OF THE HOME GROWN FINANIAL AL AQEDA)

And Shut the Federal Reserve down.......

LAUNCH NEW PARTY UNDER LEADERSHIP OF DR. RON PAUL and defeat both party criminal blood sucking pests.........

We refuse to honor Nation Debt enforced on us by these criminal Al Qaeda...................

A NEW NATION WILL BE BORN AGAIN ACCORDING TO WISHES OF OUR FOUNDING FATHERS........................

WE ALL WILL BE DEBT FREE................

MY FELLOW AMERICANS:LET US UNLEASH THE REVOLUTION NOW


The Great American Bank Robbery



(From UCLA's Hammer Forum) -- William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses the latest scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis. He will examine the political failure behind this economic disaster, in which not only massive fraud has taken place, but a vast transfer of wealth from the poor and middle class continues as the federal government bails out the seemingly reckless, if not the criminal. Black teaches economics and law at the University of Missouri, Kansas City and is the author of The Best Way to Rob a Bank Is to Own One. (Run Time: 1 hour, 38 min.)

http://neweconomicperspectives.blogspot.com/2009/08/great-american-bank-robbery.html
Aug 20, 2009 at 2:10 PM | Unregistered CommenterKen
I like the site, but have to disagree with the claim that "Adjusted for inflation, house prices fell dramatically nationwide during the 1970s" -- I made enough money to retire by buying houses during that period -- but you can check a more authoritative source: http://mysite.verizon.net/vzeqrguz/housingbubble/ -- or for a look back over more than a century see: http://mysite.verizon.net/vzeqrguz/housingbubble/united_states_1890-2008.png

Those who are interested in what really happened should know that virtually everyone in the system, from the poorest home owner to the head of AIG and the Fed felt that housing prices could not decline substantially over the whole country at the same time -- steady inflation seemed to guarantee that prices would increase, as they had for about 70 years. By borrowing money, the buyer got the inflation profit. When prices go up 10% that can be double the amount of the down payment. Almost no one saw that the interest rate fluctuations by the Fed would so distort the market as to cause a bubble that was not visible in the Consumer Price Index (it largely ignores home prices) and then a crash.

If you are convinced that this was all a scheme by calculating crooks, you may wish to ignore the facts. On the other hand, the fact is that it does appear some calculating crooks (aided by some fools in D.C.) found a way to protect themselves at the expense of the rest of us.
Sep 8, 2009 at 4:31 AM | Unregistered CommenterFredric Williams
Frederic wrote:

If you are convinced that this was all a scheme by calculating crooks, you may wish to ignore the facts. On the other hand, the fact is that it does appear some calculating crooks (aided by some fools in D.C.) found a way to protect themselves at the expense of the rest of us.

I stand corrected on the housing price data for the 70s.

You have an interesting resume...

http://fredricwilliams.freeservers.com/custom.html

Stick around and join our daily, painful discussions...we could use your voice...
Sep 8, 2009 at 10:57 AM | Unregistered CommenterDailyBail
Do Twitter and Blogs Really Drive software sales?
Sep 9, 2009 at 2:43 PM | Unregistered Commenterpupitro
It's all a lie, if so many of us who are out of the "loop" saw it coming how could wallshington st. not see it? Especially since they designed it! Hog frkn wash!
Sep 22, 2009 at 10:07 PM | Unregistered Commenterk jacobs
It's all a lie, if so many of us who are out of the "loop" saw it coming how could wallshington st. not see it? Especially since they designed it! Hog frkn wash!

Great point K. Jacobs, and one that we make often here...

Millions of Americans have seen this coming for nearly a decade...and these folks made the smart decision to rent...never bought into the bubble...and now they have to pay for others who did...

It's pretty disgusting.
Sep 23, 2009 at 1:12 AM | Registered CommenterDailyBail
Why was he still the Fed chief? When do any of our official take responsibility for their actions? Where is the accountability? If a private institution had a CEO who made completely errorous judgements, if we forced out the CEOs of GM & Chrysler as a condition of bailing out their past mistakes in judgement, why isn't this guy out?
Apr 19, 2010 at 12:40 AM | Unregistered CommenterMark Chen
he's not out mark because the senate re-appointed him...sadly, we covered it closely and fought like hell to do our part to cause problems for bernanke...
Apr 26, 2010 at 12:49 PM | Registered CommenterDailyBail
BERNAKE
F-YOU YOU A-HOLE!!!
GO THE HELL AWAY!!!!!!!!!!!!!
THE FED NEEDS TO BE ABOLISHED NOW!!!!!!!!!!!!!!!!!!!
AND SHAVE OFF THE BEARD YOU JERK!!!!!!!!!!!!!!!!!!!!!!!!!!!
Feb 11, 2011 at 11:13 PM | Unregistered CommenterNOELLE
A PICTURE IS WORTH A THOUSAND LIES..AS SUCH BERNANKS MIDDLE FINGER OF LEFT HAND SAYS IT ALL TO THOSE WHO CAN SEE PAST THE FOG.....HERES TO YOU AMERICA.....
Feb 19, 2011 at 5:01 PM | Unregistered Commenterdan
Why is Bernanke still in employment?
Mar 4, 2011 at 10:07 AM | Unregistered CommenterKieran
Found this site today. Great stuff. Some of your videos have been taken down from youtube. Please host your videos elsewhere and have mirrors - I and other users will help with the mirrors.
Oct 16, 2011 at 8:20 PM | Unregistered Commenterclue
Thanks for the heads up..the video has been fixed.
Oct 17, 2011 at 12:36 PM | Registered CommenterDailyBail
The Chairman studied the '29 Depression and was correct in citing inadequate liquidity and lack
of fiscal stimulus.

His solution, unfortunately, consisted of ripping off all who made good decisions or saved dutifully for
retirement in favor of $US trillions in free reserves for bad decision-making and also shady bankers.

He had no problem visible with other Bad Bank apologists from New Jersey apparently propping up
venues such as Iceland for the purpose of facilitating the bad deeds of same banks, and then he
apparently was O.K. with such as the carry trade taking down other economies also in furtherance
of the bad banks' folly.

In strong arming people into bidding up bad banks' over-valued collateral, he has wacked places like
India on the head with a baseball bat by way of slamming on the value of the $US.

Believe it or not, having spent so many trillions on bad band bad assets at bad bank wished-for
prices, he's placed the Federal Reserve in a position wherein if Mr. Bernanke were to suddenly
stop benchmarking the world economy to his 0% policy, the Fed would immediately be insolvent,
absent real money creation.

He seems to have been honest-minded in these endeavors, though.

He's not actually a bag man, believe it or not, though bag men and front men abound in high
places in Washington, including at Treasury and on Pennsylvania Ave.

In short, Mr. Bernanke is a lousy banker and, based on the above video, actually would not likely
be a decent investment advisor. way too trend-following, way too presumptuous to listen to
growing choruses of dissenters.

What's a guy to do when he's come as far as Mr. Bernanke but then realizes he's not good at his
profession?

He could always go back to teaching in New Jersey and maybe start writing explanations of why what's good
for bad banks is what's good for you.

But hang on to your seats. He's not finished.
Dec 19, 2011 at 9:47 PM | Unregistered CommenterChairman Confused
This A$$H@)E isn't stupid. He's lying. Having worked in the industry for a couple of years I recognize the difference in the language used between Little Timmy Geithener The Bernank. I just watched the video of Elizabeth Warren questioning Little Timmy and I gotta tell you, they are talking in the "code". Not as much, The Bernank. He's dumbing it down for the suckers.

When I listen to The Bernank in this video, he reminds me of one of the kids when they were small. Every time he was lying, he smirked. The Bernank is smirking in much of these clips just the same way. Not to mention that he was a mouthpiece trolling the people to keep them stupid, and keep them IN. It's the snotty way these creepy Banksters talk. I once heard a licensed Financial Rep tell an older farmer that as long as he didn't take his money out of his account, he hadn't lost anything. He just KNEW he was so much smarter than that old, dirty, working-type man. I was floored when that old farmer didn't mash that jerk in the maw. The Bernank has the same tone. He's talkin' simple, to the simple minds like you and me.

And I have to admit, it worked on me, at the time. I had gotten out of selling cars in Jan. of 2002. After 9/11, the business crashed. It started crashing when W. hit office, and 9/11 just killed the business. In 2006, I thought maybe I'd made a bad choice and considered getting back in. My gut told me no. So I didn't. But I saw this jerk, and the sockpuppets that are the "experts" talking it all up, and I seriously considered it.

Now I put my $ in Silver and Gold. Only safe bet left. I don't have much, but I have managed to be a little ahead of the crowd, and maybe it'll keep our heads above the waterline when this all comes down.
Jan 10, 2012 at 12:11 AM | Unregistered CommenterVikingChick
Enjoyed the comment Viking Chick.
Jan 12, 2012 at 11:25 AM | Registered CommenterDailyBail
I can't believe someone hasn't shot this bastard between the eyes yet.
Apr 9, 2013 at 1:40 PM | Unregistered Commenterbeijingyank
Bernanke is quite competent in what he is doing. What he is doing is transferring huge amounts of hard earned cash equity to the genetic slag and drones of Europe to save the sorry royal asses from their inability to achieve. We will get back a huge imbalance of pie-in-the-sky derivatives. God bless America. We got The Count Bernanke the Vampire anchored in our throats with his partner Little Timmy 'Igor' Geithner filling in the blanks and blowing smoke as well.. Richard Perle the neocon used to be Little Timmy's mentor, and you KNOW what that can mean. The Bernanke is an evil pro. Geithner tried once already to turn himself into an FBI office abroad over the pressure of the LIBOR fraud investigation, but they threw him out into the street.

The staged violence of Aurora, Denver and Sandy Hook and Boston is to distract us all from what we address here today. Done by the exact same little club keeping their accounts at the Royal Bank of Scotland. Maybe The Coutts Branch.
Apr 27, 2013 at 8:53 PM | Unregistered CommenterHoward T. Lewis III
HOWARD

Saying that the violence was fake makes you look like a fucking nutjob.

You were already banned for 3 days. I just lifted it tonight. If there is one thing I won't tolerate, it's assholes implying that I'm censoring the truth. And you were one of those assholes. You can disagree with me all you want. But do not ever again accuse me of being a government shill, and saying things like, "Don't worry, DB. The stink will wear off soon."

The violence in Boston was real. I know 2 victims of the bombings, and 4 others who were there. If you post one more reference to actors and fake violence, you will be banned again, for good this time.
Apr 27, 2013 at 9:56 PM | Registered CommenterDailyBail
DB, With all due respect didn't the facists in Italy create violent scenarios to control the populace. Also in regards Aurora, there were witnesses who stated rather emphatically that there were more than one accomplice. Same thing with Newtown in which there multiple people arrested and footage of several men running into the woods. The violence DID happen. The question is why it was allowed to happen. All facts need to be put on the table. Why is the gov of Conn still telling NPR as of last week that that young man used an AR 15 when factually he did not. Again listening to NPR why did those brothers slip through the cracks. The Fed official gave some sort of convoluted statement to the effect that each agency has their own protocol in regards levels of danger. This is what we have been slammed with? And after how many untold billions of dollars. You gotta be kidding me. The questions have to be asked. There have to be skeptics and doubting Thomas's.
Apr 27, 2013 at 11:44 PM | Unregistered CommenterSKINFLINT
SKIN

That's not my complaint. Read what I wrote again. It's right there in the first sentence. Howard is saying these events were NOT real. In all cases -- Sandy Hook, Boston, Aurora -- he is saying that the events were staged and that actors were used. THAT is why I react so negatively. For Christ's sake we are talking about dozens and dozens of tragic deaths that destroyed families.. And he thinks it's cool to say the events didn't really happen. People can debate anything they want about these events on my site. I encourage it. Except for that one thing. I just won't stand for it. It's so incredibly disrespectful to the families of those who have been killed. And that is what Howard did, has done, and will continue to do.

He said some inappropriate things the other night that I've since deleted. I did NOT start this battle. And then in his FIRST post back after a 3-day suspension, he decides to repeat his claim that the Boston attacks never happened. He was giving me the middle finger in his own unique way.

Regarding what you wrote, you know I have never criticized anyone for discussing the points you bring up. EVER. What Howard and others are doing is completely different. I'm sure you can see the difference.
Apr 28, 2013 at 1:53 AM | Registered CommenterDailyBail

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