Bernanke On 60 Minutes: "We're NOT Printing Money"
Video - Federal Reserve Chairman Ben Bernanke - 60 Minutes - Aired Tonight
Below you will find web-only content from tonight's broadcast - 10 minutes not shown on CBS - plus a link to Bernanke's 2009 60 Minutes interview.
This is a must see - Bernanke is so nervous his lip quivers from beginning to end.
"Well, this fear of inflation, I think is way overstated. We've looked at it very, very carefully. We've analyzed it every which way. One myth that's out there is that what we're doing is printing money. We're not printing money. The amount of currency in circulation is not changing. The money supply is not changing in any significant way. What we're doing is lowing interest rates by buying Treasury securities. And by lowering interest rates, we hope to stimulate the economy to grow faster. So, the trick is to find the appropriate moment when to begin to unwind this policy. And that's what we're gonna do."
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Bonus clip...
60 Minutes Overtime - Exclusive web-only footage from tonight's broadcast
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Has anything changed since 2009...
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Other 60 Minutes segments covered at the Bail:
Medicare Fraud: A $60 Billion Crime
Palin Said VP Selection Was 'God's Plan' -- Lieberman Was McCain's First Choice
Obama Interview - Health Care, Debt & Deficits, & The Stimulus
Michel Lewis On 60 Minutes -- Wall Street: Inside The Collapse
60 Minutes: Walking Away From Your Mortgage
Madoff Whistleblower Harry Markopolos On 60 Minutes
Fixing the Deficit by Taxing the Rich - 60 Minutes
60 Minutes- High Frequency Trading
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Dec 6, 2010 at 3:03 PM
Reader Comments (40)
Until you receive something that you agree has a value equal to the labour that you put in you have not been paid.
So he is buying all those bonds with his good looks?? He dumps $800B in
fiat equity into all the banks around the world demanding put-backs because of the
fraud he facilitated and everything is on track??? Another $600B of fiat equity
to prop up the stock market and Obamas wars and he's not concerned. And then
the biggest whopper, he didn't see the bubble coming and thinks we tried to regulate
it. All 50 states DID but Bush shut them down on HIS WATCH......
"One myth that's out there is that what we're doing is printing money. We're not printing money. The amount of currency in circulation is not changing."
He's just throwing bank credit from the helicopter, and unlike actual hard currency none of it could possibly land in the hands of we the people.
Shameless propaganda. The sad part is most of America is gonna swallow it hook, line and sinker!
BUY SILVER!!!!!!
You can start here. And once you're finished I bet you'll have a completely different perspective.
http://www.flightoffire.com.au/index.php?option=com_content&view=article&id=39:the-strawman-illusion&catid=2:leading-edge-research&Itemid=3
i've seen those strawman clips many times...we've been operating here for 23 months...you're new...don't assume so much about our understanding of the issues...i value your input, but i don't need to be condemned every time i publish something because you don't think i get it...thanks...
To give you an idea...i watch on average 100 videos per day as part of what i do here, every day since January of 2009...when i'm not publishing, i'm watching...count on it...
http://dailybail.com/home/bailout-news-cbs-60-minutes-video-complete-interview-with-fe.html
This is a VERY nervous man. Notice his lips quiver, stuttering, voice inflection.
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noticed it immediately while watching live on cbs tonight...i have watched hundreds of bernanke clips in the past 23 months...i've seen him nervous before but this was BY FAR the worst it's been..his upper lip quivered throughout the clip...nice catch...
http://www.cbsnews.com/stories/2009/03/12/60minutes/main4862191.shtml
To be blunt, and understanding that you are a little new around here, The strawman is something that has been discussed many times around here.
Everything on this earth is already ordained for the elite of the world. Better be learning to hunt, fish, and grow food. The modern effeminate mans hunting grounds (grocery store) will be reserved for the elite, and just buying silver or gold will only get you so far when she goes belly up.
They are already trying to outlaw being able to provide for ones self, and very few Americans are even interested, and they will probably eventually outlaw hunting the Kings deer as well.
http://naturalnews.com/030418_Food_Safety_Modernization_Act_seeds.html
You need to produce a lot of "criminals" to feed a slave labor system the likes of which men like Tom Delay and the globalists have dreamed about since the time of the attempted 33 coup.
One only has to look at the heroic "capitalism in a petri dish" model in Saipan.
"We could raise interest rates in 15 minutes if we wanted to."
Were it not for the Fed's $3.3T intervention... "Unemployment might be much much higher, like it was in the Depression, 25%."
"The Fed didn't have oversight of... Lehman Brothers."
Record-breaking income inequality in the U.S. is "based very much on educational differences."
This clown wouldn't last 5 minutes on a trading floor or even in a poker game. I'm with McHugh. Buy silver. Bernanke is simply not at risk of finding a clue any time soon. Scary shit.
You're talking about a group of people who've mostly never seen combat (or even experienced wanting what they can't have), couldn't support themselves if they wanted to and couldn't create a useful good or service if their lives depended on it. (creating useless currency to enslave the world is NOT something of value, in fact it actually has a negative value over time) Hence, they are terrified of everyone else who possesses any such skills, because ultimately they're about the most unfit, pathetic group the world's ever spawned, and the only thing they're really good at is making imaginary somethings out of nothing. And if that charade fails, where will they go? That IS their skill.
Ultimately, it doesn't matter if it falls now, or falls later, the Empire WILL fall, because it ALWAYS does. The delusion of permanent anything is a foolish trapping of humanity. That's what karma's for. The question you must ask yourself is, "How long do I want that to be?"
Were it not for the Fed's $3.3T intervention... "Unemployment might be much much higher, like it was in the Depression, 25%."
"The Fed didn't have oversight of... Lehman Brothers."
@ cheyenne..
nice catches...all 3 of those lines stuck with me as well...
"The Fed didn't have oversight of... Lehman Brothers." - say the fuck what bernanke...my first thought was NY FED - geithner running the show...one of their enumerated tasks is regulation of Wall Street...bold-faced bull shit from b-52...
"Unemployment might be much much higher, like it was in the Depression, 25%." - Unemployment already is the SAME as teh depression, it's just measured differently...i've posted the chart real unemployment rate is 23% ---from john williams shadow stats...more bernanke bullshit that pissed me off
"We could raise interest rates in 15 minutes if we wanted to." -- And this comment just made me laugh...and spit up some of my beer...
http://www.cbsnews.com/8301-503544_162-20024629-503544.html
several people were pardoned for cocaine trafficking...
And like it's already been mentioned - it's a shame that most the undereducated proteletariat believes everything they're fed. We're doomed.
That guy was dying up there, and I was loving it. Hopefully, he has to go through every waking moment in that same terrified state. He knows what he's done--will America lynch him for his crimes?
According to Zimbabwe Ben - College graduates make much more than their counterparts. Ask yourself a few questions: Is it because they're smarter? Is it because they work harder? Or is it because the banksters want everyone to start off their life in the hole?
If you've ever wondered why we can't build MagLev trains, stop a leaking pipe on the ocean floor, or why we are pursuing ALL the wrong options in our energy, economic and political policies, look no farther the Harvard and Yale. Now look at history, and tell me how many world changing ideas, inventions, works of art & literature came from those ivory towers?
Not many.
Please don't think I'm advocating ignorance - I most certainly am not. We have set up an extremely expensive system of education and reinforced it with business models also dependant on taxpayer money. So you need a degree to get a "good" job, but that job isn't capitalist - it's welfare. Defense contractors, Wall Street and money-changers of all stripes, every government agency, researchers and statisticians - none of them actually earn their keep, they just reinforce the idiotic, failed policies of our politicians of the oligarchy.
"...you dropped a hundred and fifty grand on a fuckin education you coulda got for a dollar fifty in late charges at the public library...."
But no matter how much you spend...you can't fix stupid.
That is why I referred to them as effeminate men, if their precious fiat money fails them, they will be the ones who are screwed, along with the people who cannot be pried away from the tube or sit around relying on others to take care of them.
If they destroy their own precious fiat with their lies and avarice, I don't care how much of it they have, they will not be fed by me. If people believe that can't happen in America, I got news for you, it already has.
Ever hear of Confederate money?
My "ordained" statement was sarcasm, I do that some times, in their minds they believe they are, not in mine. I see them for their pathetic weakness.
Good catch Mark, and yes, it is because they want you to start in the hole. And if they have their way, you will never get out of the hole. I think you will enjoy this tongue in cheek blog that rings of a little truth:
http://www.thehealthcareblog.com/the_health_care_blog/2009/04/oped-lets-pay-nurses-minimum-wage.html
http://news.yahoo.com/s/yblog_thelookout/20101206/us_yblog_thelookout/government-cant-print-money-properly
The banks that received in secret--had paid back the Trillion$--WTF?
$2 trillion was given to European banks because American banks sold WORTHLESS mortgages--and they were about to SUE the USA feds/Banks.
Seems 60 minutes is a tool of governmemt.
Why is Bernanke not fired? Because the Jewman has a 14 year contract.
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I had the EXACT same thought. The obvious follow-up from a real journalist would be something like, "What do you think unemployment would look like right now if you hadn't been royally f***ing up since at least 2004?" McHugh is right -- teeball session.
great comments mark...
and nice link john on the inability to print our own new money without f'ing it up...
GRIFTOPIA is going to bring us to our knees much sooner than most Americans realize. I'm starting to think the Mayans had it right all along. Wouldn't that be freakin ironic?
Note to Bennie: Even the trailer-trash uneducated dolts know where the tar and feathers kept. THAT's why his lip is quivering; the death threats are starting to get worrisome and the guns all have really good sights on them. Some of Amerika's now unemployed and desperate can hit a forehead at 1000 feet. It's the same 'some of us' who are really, really, really angry and aren't buying his bullshit anymore. What part of 'he's been wrong all along' NOW translates into '100% confidence!' ?
Wow. Just wow. I've met mall crystal ball gazers with more of a grasp on reality.
Notice how the corporate guy doesn't challenge the fact we are in a depression and not recovering from a recession.
Bernanke knows he's getting over ... I think people are dreaming to think he is nervous.
What pissed me off about the canned education spiel was Bernanke's utterly non-responsive "answer" to the question. He wasn't asked about unemployment rates, he was asked whether he found record-breaking income disparities troubling. He ducked the question by talking about disparate education levels and corresponding unemployment rates. How disingenuous. I guarantee you many readers here are more educated than either Jamie Dimon (M.B.A.) or Lloyd Blankfein (J.D.)--and yet each of those pompous douche nozzles will pull down more in a single year than many readers will in a lifetime.
It is clearer than day that the Bernank is growing increasingly uncomfortable defending the winless record of his masters.
http://research.stlouisfed.org/fred2/series/WCURCIR?cid=32215
Splain that one away Benny.
Signalfire - first post I've seen by you - good stuff!
I'll tell you what - Maybe he's sounds so nervous because he's not sure who's gonna get to him first - Joe Sixpack or his Bilderberg buddies. They would never sacrifice one of their own, would they?
Is anyone else out there getting tired of posting on blogs and responding to the NY Times on their ill-considered and ill-managed web site 'comment' sites and wanting true action? If I enumerated all the vivid fantasies I've had about revenge against the Banksters, fixing the system and other possibly ill-advised but necessary revolutionary acts, I'd get put away for a very long time by the same people who seem to think Julian Assange is a 'traitor' (not that he's an American or anything...). A true patriot, a true hero steps forward and tells the truth, shows us the truth about what our tax money has been paying for, and what happens? Some of our 'politicians' call for his assassination. Strangely enough, these are the same people who profess a high regard for Jesus. They would have been the first in line demanding HIS execution, too. Fuckwits, all of them. I'm so angry on any given day, I could spit. I have homeless people walking by my window every day; dozens of foreclosed upon houses in my neighborhood, and this plastic piece of intellectual hubris gets a fawning interview to explain that we're all poor cuz of our educational levels, and that flooding the world with money is not the same as actually 'printing' it; and the fucking press gives him a fucking PASS! Gaaaaahhhhh!
But this time it will not be replaced again by a government of human origin. It will be replaced by the fast approaching righteous Kingdom of Jehovah God. Please read your Bible and pray for guidance, gaurd your heart and search for Jehovah while He may still yet be found. This current system with all its evil and injustice will soon be done away with.
@ vegas rage...nice find...great link...
@signal fire...awesome rant...loved reading it...
U.S. will only become better if we kick fuck ass Fed member out of the board, especially Mr. Fuck bernanke.