Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (71302)	11/17/2007 9:53:35 AM
From: 10K a day	Read Replies (1) \| Respond to of 116555

Dude. what do you expect? They think they have to prop this crap up. Otherwise the dollar is dead and well. What then. Bread lines?

To: Crimson Ghost who wrote (71302)	11/17/2007 10:07:37 AM
From: skinowski	Read Replies (1) \| Respond to of 116555

A smart liar would know better that to make such a naive statement in front of a Congressional committee. If my next door neighbor will say this over a beer after moving his lawn, I can live with that. But hearing this from a presumably big intellectual Fed head is scary.

To: Crimson Ghost who wrote (71302)	11/17/2007 10:28:53 AM
From: zamboz	Read Replies (2) \| Respond to of 116555

he is using inflation to help resolve the banking and housing crisis. but he cannot say that. we are all gonna be millionaires shopping at walmart and eating at mickey d's, struggling to make ends meet.

To: Crimson Ghost who wrote (71302)	11/17/2007 10:30:42 AM
From: westpacific	Respond to of 116555

Bernanke, has no clue.....and Jim Rogers is correct. "He said, I will have all my money out of dollars by summer for one reason - this Bernanke has no brain. Bearded (introvert) Bernanke said that if Americans buy products produced in America with their dollars they are not losing any purchasing power!!!! And Rogers said, but what about the cost of oil, energy, chemicals and everything else that go into making them and are hyperinflating as the dollar collapses!" Bernanke is no fool! You kidding me! No he is no fool, he will let America burn to save his banking buddies. And tbose banking buddies will set up shop elsewere once we burn. No, be afraid, very..... Note also the massive spike in gold after these clowns had the gall to cut rates back in August. Money is flooding out of the US and if these clowns cut again, your dollar will be cut in half again. He is clueless, like many on the Hill. They should be cutting back spending BIG TIME, raising taxes and raising interest rates. Sure it may cause some banks to fail and home prices to drop, but that is nothing compared to what could (will - if rates drop again) happen if the dollar collapses into the toilet bowl! What most do not understand is the power of the new European Union and China. Let alone the emerging political force in S. America and the energy richness of Russia! China #1 in manufacturing Germany #2 Pretty soon the rest of the world will have NO NEED FOR AMERICA, get it......(and you wonder why the world is afraid of America with that massive military!) Unless we get some sanity back soon, and reduce the debt along with Americans saving money for a change - there will be no turning back. In Japan they save, In Europe they save, In China they save - in America they SPEND and SPEND again. West