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To: grusum who wrote (233785)	12/20/2009 12:45:36 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

agreed. the issue is whether they were dumb or they were orchestrating a plan. i know it is the latter because they are fundamentally dishonest people. bernanke is much smarter than i. he nailed a 1599 on his SAT. he has 100 phd economists working for him. when he said we were giving trillions to the banks so they could lend the money out, i told everyone he was lying through his teeth, the banks wouldn't lend because they were broke and the lending environment sucked so they obviously wouldn't lend. i'm not even in banking. i didn't get a 1599 on my sats. i don't have 1 phd economist working for me, let alone 100. those that have my school of thought were right and bernanke was wrong. it is extremely unlikely that he's stupid. his bosses created a money backed by debt system. it is a debt based ponzi scheme. in that environment, the bankers need ever increasing debt to maximize their profits. how did greenspan and ben do? market-ticker.denninger.net market-ticker.denninger.net the solution is to reduce debt levels, but everything bernanke does is to increase debt! that's as rational as a drunk drinking more to avoid the hangover from binge drinking! bernanke's irrational approach (give more credit to fix excessive credit) is simply explained by an effort to continue the money is debt based ponzi scheme of his employers - the private bankers that own the fed! if bernanke doesn't keep inflating money, there isn't enough money to pay back the loans to the bankers and this will wipe out his bosses. money is debt. interest payments require more debt... more debt means more interest. more interest means more debt. this is a ponzi scheme that will invariably break. w are close to the breaking point, hence, the fed's looting of the public to benefit bernanke's banker bosses has commenced on a scale beyond your comprehension. $24 trillion in government guarantees. from the worker... to the banker... mediated by a fed chairman employed by bankers. bernanke IS NOT a government employee. greenspan was knighted - it is illegal for a government employee to be knighted. greenspan and bernanke work for the bankers, not the public. sorry for the rant, but the quicker people figure out these people are frauds, the faster we can deal with these internal financial terrorists out to do MAJOR HARM to the american citizen.

To: grusum who wrote (233785)	12/21/2009 12:40:30 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

denninger nails it... the government wants more and more debt... everything else be dmned. they can lie all they want, but they can't hide their actions. as a prime example. as the dollar sunk from 150 to 72, the fed and treasury line was "we support a strong dollar policy." they were lying*. their actions proved it. ------------------------------------- Reality is that none of the so-called "regulators" - worldwide - have any interest at all in prudent lending. Why not? Because prudence in lending, leverage ratios that are actually enforced and mark-to-market restrict bank profits - that is, the amount of GDP that banking institutions of all sorts can extract from the economy and transfer out to the "privileged class" via so-called "proprietary trading" and bonuses. Indeed, this is where government and regulatory interests align to the detriment of economy stability: Governments want to see big GDP increases, and increasing leverage (amount of borrowing outstanding in the economy for a given GDP level) is one way to do this. The best way to control this trend would be to mandate (by law) that GDP be adjusted to reflect leverage changes in the economy - that is, if debt goes up by 4% of GDP then the 4% has to come off the reported GDP numbers. That would stop the BS immediately - which, of course, is why it won't happen. Don't believe the hype - it is increased leverage over the last 30 years, as I have identified in The Ticker since 2007, that has driven our so-called "strong economic growth." Now the check for our profligacy is on the table and the waiter is tapping his foot. market-ticker.denninger.net