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 : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Yorikke who wrote (13704)	2/21/2013 8:31:38 AM
From: ggersh	1 Recommendation Respond to of 33421

Mein Kampf in disguise.... "Listening to the Bernack brings bile to my throat, for here is an intelligent man who has committed the academic sin or trying to prove his Doctoral Dissertation's conclusions at the cost of pauperizing all our lives. Yet he is cheered on as another great Economic thinker, rather than recognized as a desperate loser who was too lazy to gather sufficient data to make his dissertation meaningful, or mature enough to admit his subtle scam and walk away from it like a gentleman." The politically correct phenomenon strikes again, can anyone be wrong theses days?

To: Yorikke who wrote (13704)	2/21/2013 9:36:37 AM
From: John Pitera	Respond to of 33421

Hi Yorikke, your post is simply one of the most remarkable and brilliant........ but at it's core essence...... It rings TRUE.... thruth is something that is unfortunately for all of us in very short supply today. DR. Carson, renewed my faith in talking about matters in Parables.........this is what Jesus did so very well. The further down the trail we go ..... the more we see conversations from 6 , 8, 10 and 15 years ago were really quite prescient........ THE one thing that I have to give to Dr.. Greenspan (other than him being the biggest bubble maker since John Law's experiment with Credit in1719-1720) is that he at least spoke in academic triple speak...... actually very much as Dr. Henry Kissinger...... Kissenger.... with his native language of German..Managed to construct sentences with double and triple negative responses.....That actually took some intellect to determine..... what exactly he was saying. Kissinger's Biographer, Walter Isaacson, the CEO of the Aspen Institute, has been chairman of CNN and the managing editor of Time magazine. He is the author of Benjamin Franklin: An American Life and of Kissinger: A Biography, and the coauthor of The Wise Men: Six Friends and the World They Made. He lives in Washington, D.C., with his wife and daughter. did an excellent job in his biography of bringing this issue forward...... unfortunately..... I do not have the appropriate parable at hand and thus........ this too shall pass. I as has everyone on SI has always greatly benefitted from you insights and intellect. my very best regards, John John

To: Yorikke who wrote (13704)	2/21/2013 11:44:56 AM
From: The Ox	5 Recommendations Read Replies (3) \| Respond to of 33421

Greenspan and Bernacke are bankers. They see life through the ivory tower at the top of the largest banks in the world. Their only responsibility is to the bankers. Anyone who thinks differently needs to recheck their thought processes. The FED is in business for the FED. That's it. They can say publicly that they have other interests, but when you boil it all down and see what's left over, you get the large banks and only the large banks. That is why the saying "Don't fight the FED" is so important. The rest of the world can go to hell in a handbasket as far as they're concerned. It's the press and a few others who worship people on the FED who make them out to be more than they are. They get labeled as great economic thinkers but in reality, as we all (should) know, they are simply out to maintain their cartel's dominance. Nothing more and nothing less. It's not sinister or devious or anything of this ilk. They are just doing what they feel they have to do. I don't applaud what they do but I try to see it for what it is, rather than what I'd like it to be. Greenspan would slam hard on the accelerator and then slam on the breaks. He did this over and over again. Why? Because that's what made the banks the most money. Not because he was engineering the economy but because the massive swings allowed the bankers to pull in money hand over fist. Blow up the bubble, pop the bubble. Blow another one and repeat. JMO TO