Summing Up the Scum From Bernanke's Pie Hole In a Few Short Words

WC Varones paraphrases the sentiment he got from Zimbabwe Ben's latest speech so you don't have to waste your quality time actually reading it:

- There isn't any inflation.
- The inflation is not my fault.
- The easy money flogging will continue until morale improves.

Silly central banker, don't you know recoveries are for healthy economies?

Meanwhile, Sheldon Filger called Bernanke clueless over at HuffPo, which also about sums up the situation.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


I haven't read a Fed statement in about 30 years. Who cares what the FedHead says?


Anonymous said...

on the other hand....

Paul tells Manchester crowd inflation will hit 50 percent
Published Jun 11, 2011 at 3:00 am (Updated Jun 10, 2011)

MANCHESTER — Texas congressman Ron Paul on Friday predicted that
inflation will hit 50 percent in the next couple of years, thanks to
the massive debt the country has accumulated.

Paul, who spoke to admirers and Republican activists at a Manchester
house party, said the inflation will act like default.

Social Security checks will still be cut and interest payments will
still be made, but the inflated dollars will allow the government to
repay borrowed dollars with devalued money, Paul said.

“They cannot pay the debt,” he said. “I don’t think that means you
shouldn’t try and work things out, but with the size of this debt it
never gets paid.”

The national debt is about $14.3 trillion.

Paul spoke to about 150 people at the home of Ovide and Bettie
Lamontagne, who are hosting receptions for candidates in the
Republican presidential primary.