Comments on: Big Brother Bernanke

By: Robert Glisson

Robert Glisson — Tue, 20 Oct 2009 22:07:47 +0000

“It is the same trade-off — spending now or saving for later? — that the private sector thoroughly botched.” So ends the NYT article Myron referenced. My wife and I saved for years, watching what we bought and/or used. When I retired, we had our savings to help; at least so we thought. Now through Washington’s meddling with Fanny and Freddie, our stocks crashed, lost about thirty percent, Then the wonderful friends of the working class, created at least two trillion more “stimulus dollars” which then dropped the value of what savings we had left to less than half its buying power. Now since the IRA is approaching maturity (Time wise, not money wise) we have to draw it out and pay taxes on what little is left. My brother-in-law instead enjoys payday to payday and we are rapidly coming to his same financial status, except he has fond memories of the fun he used his money for. Please tell me again how we in the private sector thoroughly botched savings.

[You are absolutely right that the traitor class penalizes prudent behavior such as saving.]

By: Myron Pauli

Myron Pauli — Tue, 20 Oct 2009 21:19:17 +0000

M. B. – thanks for the limericks. Let us all head to the inflationary gallows with a good laugh.

By: M. B. Moon

M. B. Moon — Tue, 20 Oct 2009 20:58:28 +0000

Myron, I kinda like Huey. Thanks for the link!

Bankers, repent! I am all for free enterprise but you ain’t it!

By: M. B. Moon

M. B. Moon — Tue, 20 Oct 2009 20:32:24 +0000

There once was a banker Bernanke
well versed in all Fed hanky-panky.
He tried many things rotten
with linen and cotton
but ended up
with nary a “thank-ye.”

There once was a banker Greenspan
who sat at the feet of Ms. Rand.
Her ideas seemed fine
for just the right time,
but till then honest banking be damned.

There was once a country misled
by a banker con know as the Fed.
It stole by inflation
and ruined a great nation.
Now many of us wish it quite dead.

By: Gringo Malo

Gringo Malo — Tue, 20 Oct 2009 16:05:07 +0000

Global economic growth depends on consumers? Somehow, I had acquired the notion that economic growth depends on producers. Silly me! I like the new paradigm much better. I can consume with the best of them, and would happily stimulate the bejesus out of the global economy, provided that no one expects me to pay for the stuff I’m consuming.

By: John Danforth

John Danforth — Tue, 20 Oct 2009 13:30:46 +0000

(Bernanke to China:) “You produce too much and save too much, and your government doesn’t deficit spend enough. Stop it.”

LOL!

The Big Lie has never been so absurd. How can he say these things with a straight face?

By: Myron Pauli

Myron Pauli — Tue, 20 Oct 2009 13:08:57 +0000

Emperor Obama is continuing Bush’s Ownership Society by forcing Americans to inflate home prices and subsidize houses for those who cannot afford them – via, as usual, inflation and taxation ” New Gov’t Plan Aims to Help Poor Borrowers”:

http://www.cbsnews.com/stories/2009/…/main5397427.shtml

“This initiative is critical to helping working families maintain access to affordable rental housing and homeownership in tough economic times,” Treasury Secretary Timothy Geithner said. “Through this initiative, the administration aims to help (the housing finance agencies) jump-start new lending to borrowers who might not otherwise be served and to better support the financing costs of their current programs – key components in stabilizing the housing market overall.”

Needless to say, GlobalEconomic Czar Ben Hanky-Panky-Bernanke and his Goldman-Sachs banksters will be in on this fraud.

Aside than being unconstitutional, fraudulent, inflationary, and immoral (theft from A to B), this is a great idea. As the late Huey Long said, ” Ev’ry man a King, ev’ry man a King For you can be a millionaire” – Governor Share The Wealth and his song is featured in this 1:15 minute Youtube:

http://www.youtube.com/watch?v=S8elIlcrNf0

That and 800,000,000,000,000,000,000 $$$$Mugabes$$$$ will buy you a loaf of bread!

And Bernanke wants China to imitate US!!

By: james huggins

james huggins — Tue, 20 Oct 2009 12:55:11 +0000

Who knows what's going on with the economy? Certainly not the leftist yutzes who are running the country. Not even they can be as stupid as they seem to be. It almost looks as if they're trying to screw it up on purpose. Maybe to achieve that exploitable crisis they seem to covet. [If you read this space, you know that thinkers from the Austrian school of economics know, understand, and regularly predict exactly what's "going on with the economy."]

By: Myron Pauli

Myron Pauli — Tue, 20 Oct 2009 12:42:37 +0000

Here is an interesting article from Sunday’s NY Times:

http://www.nytimes.com/2009/10/18/magazine/18FOB-wwln-t.html

By: M. B. Moon

M. B. Moon — Tue, 20 Oct 2009 11:39:17 +0000

Hey Bernanke, is it possible that government backed, systematic violation of “Thou shall not bear false witness” and “Thou shall not steal” could be the problem? Or how about this one:

“You shall have just balances, just weights, a just ephah, and a just hin; I am the LORD your God, who brought you out from the land of Egypt.” Leviticus 19:36

Is it also possible that recessions and depressions oppress the poor?