You’ve heard about the famous “Helicopter” speech in 2002. Guess what – Ben disavowed it in his Humphry-Hawkins testimony on Wednesday. Beware if you’re counting on a hyperinflationary future…..
Bernanke Repudiates 2002 Thesis
April 2, 2011
@ kdenninger- – - – - – ?
[Translate]
@kdenninger Holding physical gold silver is just one of many means against (economic) turmoil to help one survive by bartering, trading and exchanging skill and services locally, sidelining official gov. rules and the tax man of course.
[Translate]
@kdenninger Well seeing as how I don’t have millions to move into gold and less than $20,000, I can just sell it for cash like the last car I owned. You can also trade gold coins directly for something of value if the currency collapses. If the currency collapses you won’t get anything for dollars.
[Translate]
Time for a new video Karl. It has been a while and much has happened.
[Translate]
301301
[Translate]
are you saying that Ben Bernanke LIED? Are you calling him a LIAR?!!! 
Gosh, golly, gee-whiz, he LIED! 
[Translate]
Looking at bernanke is a waste of time. hes a puppet. This established banking / government cartel is just a group of sick, sadistic luciferians. I know most people don’t think that ,but they are satan-worshippers, pedophiles and worse.
[Translate]
Are these posts going through right away?
[Translate]
They want the banks to collapse so that the central bank can buy them all up strengthen their control grid. The Fed, or more accurately, the international bankers behind the fed, have plenty of money. The Fed is just a front for their massive, undisclosed wealth. When the country goes down, they will be just fine. We don’t know all of the places that these globalists are hiding their money or how much of it they really have.
[Translate]
still think they’re just “INCOMPETENT”? Still think the fed is trying real hard but they’re just INCOMPETENT? Still think they’re not destroying the economy ON PURPOSE? Still think DAVID ICKE is a “NUT”? Still think these freaks don’t WORSHIP SATAN? Keep thinking that.
[Translate]
buy gold and silver, not anything in paper, for the near-term currency crises for every currency. If you find a good set of assets to buy into after, and do not buy in the spike-range that will likely happen like before, that’s awesome. So when gold hits $1400 this is NORMAL, not a spike. When it goes above that, I’d be super wary. Just wait it out and see if you can help yourself by trading that gold for something else.
Holding paper is a loser’s gambit.
[Translate]
There is no way deflation will happen. The gold price reflects the inflation expected just now and quite a lot more to come.
There is no more honest barometer of all currencies and economies than gold and platinum.
Too bad you can’t see the truth for what it is. I’m not wasting my time suscribing to this channel anymore.
[Translate]
What makes you think that – after the bank holiday – there won’t be inflation adjusted protection for those in charge for mortgages, car and student loans, credit cards, etc.
[Translate]
(cont. ) but the shareholders (general public) get the loosing value of the shares (which will also be inflated offsetting their loss). Lastly, if the banks don’t get the profit (in true value) from the inflated payback, whatever value that goes in will still be extracted while the banks will be said to be “too big to fail”, requiring the taxpayers to continue to guarantee their existence. The transfer of wealth to bankers continues and the system survives.
[Translate]
There are a lot of good points here. It is true that getting paid in inflated dollars is not beneficial to the banks IF that was the only factor. Since the banks have sold so many of the mortgages off as mortgage backed securities, they are not losing nearly as significantly as the holder of those securities (many of them foreigners). Further, inflating the currency salves the system (better than the alternative). Lastly, the bankers still get their bonuses. . . (cont. )
[Translate]
301301
[Translate]
the USA will hyper-inflate, Mr. Denninger.
Bernanke has no real choice. He can choose what words to use but he has no choice about what actions he will (not) take.
[Translate]
Nobody rips into these FR Keynesian guys as well as Denninger.
[Translate]
@WesSeid, the gov is getting desperate and they do not know what else to do. They don’t want to have 5+ million hungry people with pitchforks in the next 6 months.
We can fix this, but it has to be with the government out of the way. All the gov will do is make things worse and prolong the corrections that are needed.
[Translate]
- ?Ricans
[Translate]
- TH- ?Ø- ‘;?afters- 2
[Translate]
Wow.
I suppose Karl, that you have never reversed your position after 8 years. What a moron. Seriously.
“The purpose of the Market Ticker is to force all of you to listen to me pontificate on any subject, and god forbid anyone challenge any of my ideas, because I am always right concerning any moral delimma. “
[Translate]
I agree in essence but. since people don’t care about Greece (after all it is their lives, not your own), from that on would reason that people would not care about Freddie mac and Fannie may. And if you use this as an reason, the rest of your argument falls. (Not that you are wrong, but the logical step is missing)
. . .
[Translate]
Bernanke lies, don’t listen to him, don’t trust him. 
[Translate]
Karl Denninger is Batman.
[Translate]