Paul Krugman's Newest QE2 Fantasy (VIDEO)

Video:  Paul Krugman -- CNBC Oct. 13, 2010

Watch this.  Relevant comments come in the first minute.

The man whom Taleb accused last week of 'stealing from your grandchildren' wants $8-10 trillion in quantitative easing from Bernanke.  Seriously.

• "It's on a scale that no one is willing to talk about."

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The rest of the clip focuses on China, and is actually quite interesting.  You can read more about his comments here:

• China Is ‘Bad Guy’ in Currency War: Krugman

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Even fellow Keynesian Joseph Stiglitz is screaming for Bernanke to stop!:

• Stiglitz: The FED's Flood Of Liquidity Is Throwing The World Into Currency Chaos (Ambrose Says $30 Trillion QE2)

Must see:

• Nassim Taleb says "The Federal Reserve Will Be Gone In 25 Years," Ridicules Geithner Publicly And Accuses Krugman Of 'Stealing Assets From Your Grandchildren'
  

Comments

[DailyBail]

Federal Reserve Chairman Ben Bernanke took another step toward signaling further monetary stimulus Friday, but in doing so left one key issue unanswered: What if all this intervention causes more harm than good?

http://www.cnbc.com/id/39688214

[DailyBail]

Krugman: We Need $8-10 Trillion Worth of Quantitative Easing

http://www.creditwritedowns.com/2010/10/krugman-we-need-8-10-trillion-worth-of-quantitative-easing.html#ixzz12ScflEdy

[DailyBail]

Bank, auto rescues aren't getting the credit they deserve

http://www.washingtonpost.com/wp-dyn/content/article/2010/10/13/AR2010101305530.html

We sent him an email in an attempt to set the record straight...;-)

[DailyBail]

As French Strikes Continue, Worries About Fuel Supply

http://www.nytimes.com/2010/10/16/world/europe/16france.html?_r=1&hp

Check this out...restless in europe...

[DailyBail]

Bernanke: Fed prepared to act to boost economy

http://www.washingtonpost.com/wp-dyn/content/article/2010/10/15/AR2010101501819.html?hpid=topnews

[Smack MacDougal]

So the Chinese are currency manipulators but somehow Americans are not? Then what is QE2 if not currency manipulation? The result is the same, a reduction in the buying power of the dollar relative to other foreign money.

[DailyBail]

Not to be outdone, FDIC joins the robo-signing club, too

http://www.nakedcapitalism.com/2010/10/not-to-be-outdone-fdic-joins-the-robo-signing-club-too.html

[Z]

This goes back to what Max Keiser said about the amount of money needed to fill the black hole of debt caused by the collapsed economy. Max put the number at around $20 trillion.

People like Krugman and the Group of Thirty are the people who have Obama's ear. They are giving him these numbers and telling him to spend like their is no tomorrow.

Think of all the potential we had during the last great depression, look at what we are left with. Some could argue that we peaked in the late 60's when we put a man on the moon. We have to tear down many of truth's protective layers and admit that we as a country have a major problem and a lot of rebuilding to do.

Obama has been a failure and a fraud. He should resign and move back to Chicago and hope that Biden pardons him for all the evil he has done.

[DailyBail]

Pay Attention: Bernanke Just Told You Interest Rates Won’t Go Up Until 2012

http://www.cnbc.com/id/39685896

[Z]

If this were Sarah Palin, boy would it be news...

http://www.youtube.com/watch?v=tC4xMOwldSk

[DailyBail]

@ smack...exactly...

z...you know i hate pelosi...but not choosing to debate someone is not news...incumbents make that choice all the time...

[Z]

If Sarah Palin did the same thing, it would not be news either. I'm sold. You should go back to ignoring me DB, when you do respond you only prove what I already know.

[Don Robertson]

LOL - OMFG.

I hope no one really thought the social safety net is for suburban wage slaves.

NOT ON THIS PLANET! The social safety net is for Princeton economists, Wall Street and bankers.

Look -there are TWO PROBLEMS in this country. And neither one of those problems is deflation or inflation.

Those are just the facts of life in a fair and reasonable economic system.

The TWO PROBLEMS are called Democrats and Republicans.

That's why A BIG NEW POLITICAL PARTY is forming right now.

Moral Revolutionary Party says -come 2012- this sort of TREASONOUS malfeasance is going to stop.

Get front row tickets to The Greatest Show on Earth coming to America.

THE MRP 2012 presidential candidate will run on a platform declaring that in the first 30 days of the MRP administration, EVERY present and past official of the federal government (Democrat or Republican) -from all three branches of government- their bankers and their economist-pals -will be charged with treason, tried, convicted and executed.

This will all take only 30 days. And -it won't cost a trillion dollars!

NOW THAT'S GOING TO BE SOME CHANGE THAT'LL MAKE YOU STAND UP AND SALUTE THE FLAG AGAIN!

Don Robertson, Co-Chair
Moral Revolutionary Party

Be sure to play the PodCast!

http://partymembers.moralrevolutionaryparty.com/wordpress/?p=11