MercoPress. South Atlantic News Agency
“Fed not ready to take its foot off the gas”, Bernanke tells the US Congress
The Federal Reserve's monetary stimulus is helping the US economy recover, and the central bank needs to see further signs of traction before taking its foot off the gas, central bank chairman Ben Bernanke said on Wednesday. Read full article
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Disclaimer & comment rulesIt's only the fact that the US Dollar is the worlds reserve currency that they are getting away with this shit.
May 22nd, 2013 - 07:07 pm - Link - Report abuse 0“It's only the fact that the US Dollar is the worlds reserve currency that they are getting away with this shit.”
May 22nd, 2013 - 11:07 pm - Link - Report abuse 0Indeed, but won't last for long, and they know that though they don't give a damn.
Bernanke who gets it's orders from the gangsters, will never take his foot off the gas pedal, otherwise it's game over, though this game can't and won't last forever, because other nations are moving slowly away from using the US dollar.
http://en.mercopress.com/2013/05/22/fed-not-ready-to-take-its-foot-off-the-gas-bernanke-tells-the-us-congress#comment249167: And its working. Your point is?
May 23rd, 2013 - 02:18 am - Link - Report abuse 0An interesting article in Forbes today titled “Economically, Could Obama Be America's Best President?” The answer is, basically, yes. It points out that at the end of the Bush 43 administration the budget defecit was 10% of GDP, is now 4% of GDP and is falling. This is not what budget hawkes and “rartional” economists (who are neither rational nor economists) predicted.
#2 fucking dido.......get out of duching your ass for a moment and send a link that the U$ is on it's way out as the reserve currency of the world? Not utube or wiki........something real.......I will assume that you can't. Swallow it as long as it is the reserve currency of choice......I wil swallow when it is not.
May 23rd, 2013 - 01:14 pm - Link - Report abuse 0All you haters of the US, check this out. Lets say I was to give you a million bucks for a gift, and the deal of the gift were that you had to invest this money somewhere in the world, ANYWHERE in the world, EXCEPT your OWN country. Where would you invest it?
May 24th, 2013 - 09:38 pm - Link - Report abuse 05 commonsparrow
May 25th, 2013 - 12:21 pm - Link - Report abuse 0I am most certainly NOT a hater of the USA, just of the whole 'Fed' setup where the epople who caused the problem for all of us, the idiots who even The Sage Of Omaha described their products as 'the weapons of mass financial destrution' are supposed to put it right.
What a fcuked up idea that is. You like having your money ruined to keep these wankers in their overpaid, overblown jobs do you?
Anyway your challenge is too closely focussed. As an investor myself I am not interested.
Chris I would not go as far as poster #5, but i am also open to ideas on what country on this planet has the best system, being that the USA must take the 'world”into account when managing domestic affairs? You are not the only little fish to have money in various vehicles. I would beg to differ on your statement of not hating the USA and quite frankly Americans are getting tired of being the big fish with little fish pointing their fins.
May 25th, 2013 - 03:39 pm - Link - Report abuse 0You Brits quite obviously hate South Americans, the posts are plain to see. China and Russia is also in the group as well as the USA, being we are the cause to the downfall of the free world and or course......Britain is blameless. Being you are ready to jump ship on the EU.......Who do you guys like? A legitimate question, not rhetorical?
7 Captain Poppy
May 25th, 2013 - 08:48 pm - Link - Report abuse 0You amaze me! Have you not understood my posts over the last two years?
And what is it with you clumping everybody in the same boat?
“You Brits quite obviously hate South Americans, the posts are plain to see” what abject nonsense: I LIVE IN SOUTH AMERICA, YOU DO NOT, YOU LIVE IN NORTH AMERICA.
Don't give me the bollocks that your family is in Argentina: it id the family of your wife, they and you are doing the very best to get them out of South America! So much for liking SA!
Do you not see the hypocrisy of your post as regards me?
And what about Buffet? Is he a baddy because he saw the absolute bollocks the Fed was allowing to happen?
Britain is not blameless in this. Our banks were the stupid bastards who listened to your criminal stupid bastards and put money into these stupid, stupid schemes. Have YOU actually researched these devices and the dishonest tricks that their inventers came up with?
And the actions of Obama when he was a Senator?
I am dismayed you have posted this to me.
There are a lot of British that loath all SA's, read the numerous posts that blame them all. I time after time I read the posts blaming the USA for everything including your statement of the“fed setup” ruining it for everyone. Perhaps you failed to elaborate exactly which fed did ruin it for everyone and just what defined everyone because to me, everyone seems like the world to me? Seems like a pointed finger to me at the USA, unless perhaps you were referring to some other fed? Maybe everyone in the USA? or was everyone the world?
May 25th, 2013 - 09:49 pm - Link - Report abuse 0As for my wive's family, yes I am trying to get them out of Argentina before it falls.......big frigging deal. Does that prove and state I hate South America? I have clearly and frequently stated on numerous occassions my beef is with the government and these trolls, not the average Argentine.......on many posts. I get sick of seeing pointed fingers for the downfall of western civilization. But I will say I have never lumped and blamed all Argentines for Kirchner coming to power, did you? Honestly I don't recall so I apoligize for “lumping” you. Oh and yes, you must love SA because you live there.
However, I do thank you for clarifying that “my” guys where criminally stupid and “your” guys were merely stupid. Stands to reason that us yanks are not only stupid, but criminally motivated as well. Perhaps your guys can instill some morals in my guys.
BTW.....I try to refrain from posting things about the UK and Britain and I prefer to focus on primarily Argentina. Bush created more than a generations worth of problems for the US and the world, but we can surely bullet list a few volumes on GB over the past few centuries....we can start with the middle east from WWI.
When I first came onto MP some tow years ago now I did not gaurd my posts against NOT lincluding all Argentines as ‘argies’. I have since ensured that I DO NOT do that. It was me who pointed out (from using INDEC figures) that TMBOA only got 32.6% of the ELECTORATE voting for her, so 67.4% did NOT.
May 26th, 2013 - 06:37 pm - Link - Report abuse 0And I make no apologies for the global meltdown caused by ‘The Weapons Of Mass Financial Destruction WMFD © Warren Buffet, the CRIMINAL actions of Lehman Brothers in stuffing these ‘devices’ with KNOWN defaulters on their mortgages and then selling them on to stupid bastards like my own bank The Royal Bank of Scotland. THEN Lehmans BET AGAINST these devices and made even more money. The RBS giot stuffed twice! Lehmans liquidators are STILL fighting criminal prosecutions to bring to a close the whole sorry business.
AND of course Ben Bernanke, the chairman of the U.S. Federal Reserve System (not bank) who has done more than anyone to fuck the world up financially, including America by devaluing the Dollar by 40% since 2008 following his printing money as if there is no tomorrow. The Fed is of course nothing to do with the Federal Government other than the chairman has to appear before a few committees of Congress who have oversight of the Fed.
Don’t feel that I am picking on the US again. The UK were just a stupid under the cunt Brown who decided that some banks were too big to fail and we, the taxpayers, have bailed these conmen out. I say conmen because they operated TWO banks within one. The first was the real bank which carried out traditional banking services and made a moderate profit. The second was / is still a casino in reality.
The casino bit employs ANYBODY who they think can make money gambling on all sorts of financial vehicles and one of those was WMFD © Warren Buffet which took all sorts of questionable mortgages, weighted by ‘risk’ (this was NEVER defined) and parcelled it up for stupid bastards like RBS to ‘buy’. There is a famous interview
I don't deny any of that, my humble apologies.
May 26th, 2013 - 09:43 pm - Link - Report abuse 0http://en.mercopress.com/2013/05/22/fed-not-ready-to-take-its-foot-off-the-gas-bernanke-tells-the-us-congress#comment250275: As I remeber nearly all American republics, Argentina included, require an absolute majority of votes in either the first or second round to elect a president.
May 29th, 2013 - 05:05 am - Link - Report abuse 0The USA only have one round in the election of our president. And it is by a simple majority. And for those that think the electoral college is in effect, it is note. State laws in all but 2 require the simple majority of the state win the electorate count.
May 29th, 2013 - 09:50 am - Link - Report abuse 0http://en.mercopress.com/2013/05/22/fed-not-ready-to-take-its-foot-off-the-gas-bernanke-tells-the-us-congress#comment250999: True, the US does have one round. But the “simple majority” you refer to is a majority in the Electoral College. 48 states have a winner takes all method to select the electors. Fortunately, the pluraity of the popular vote and the majority of the electors agree - but not always. For instance, I seem to remember that Bush 43 was elected without a popular plurarity.
May 29th, 2013 - 03:20 pm - Link - Report abuse 0But the real problem with the Electoral College is that each state must have a minimum of 3 electors (1 for the HoR and 2 for the Senate) irrespective of the state's population. This means that a vote in, say, ND has about twice the value of a vote in CA.
In the SA republics the absolute majority in either the 1st or 2nd round is on a 1 vote 1 value basis.
The electoral college is a vintage of the past.The popular vote determine the electoral oint one is given. The HoR is based on population, I believe the HoR is one rep per 100k.
May 29th, 2013 - 08:27 pm - Link - Report abuse 0Bush was not the first, but it happens.
BTW.....is 51 of 100 not an absolute majority?
15 Captain Poppy
May 29th, 2013 - 09:14 pm - Link - Report abuse 0But it's not as good as 54%.
And we all know how that was arrived at. :o)
http://en.mercopress.com/2013/05/22/fed-not-ready-to-take-its-foot-off-the-gas-bernanke-tells-the-us-congress#comment251118: Yes, 51% is an absolute majority. But I do not understand the significance of your statement in this context.
May 30th, 2013 - 04:14 am - Link - Report abuse 0Simple majority versus an absolutely majority.....a majority is a majority. No adjective makes a majority more of a majority, unless you mean like an “overwhelming” majority. Either way, the electoral college is on the way out and is more of a point system. We Americans are slow to change things.....like constitutions and such, unlike down in your neck of the jungle where things change in the blink of an eye.
May 30th, 2013 - 09:28 am - Link - Report abuse 0It goes back to your statement that nearly all American republicans require an absolute majority. What is an absolute majority? 51 of 100 is a majority. A majority is a majority....no? 6 of 10, 2 of 3....13 of 25
http://en.mercopress.com/2013/05/22/fed-not-ready-to-take-its-foot-off-the-gas-bernanke-tells-the-us-congress#comment251202: I used “absolute” in a math sense to distinguish majority from “plurality” (relative majority) in the same way as absolute errors are diferenciated from relative errors. I think that the word “plurality” is not used outside of the US and I have heard people from the UK use the term majority when what they really mean is plurarity. However “absolute majority” seems to mean something other than what I was using it for and what I really meant was majority.
May 30th, 2013 - 03:35 pm - Link - Report abuse 0Commenting for this story is now closed.
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