Two Articles by Frederick Sheehan showing the utter duplicity and stupidity of Ben Bernanke and his cohorts at the Federal Reserve.

http://dailyreckoning.com/orwell-targets-bernanke-an-unteachable-hole-in-the-air-part-one-of-two/

http://dailyreckoning.com/orwell-targets-bernanke-an-unteachable-hole-in-the-air-part-two-of-two/

Damned scary, as Bernanke thinks 2% of inflation will be a good thing.

Keep in mind, inflation has grown by 13% since June.

Quote from: Shooterman on October 24, 2010, 07:12:47 AM
Two Articles by Frederick Sheehan showing the utter duplicity and stupidity of Ben Bernanke and his cohorts at the Federal Reserve.

http://dailyreckoning.com/orwell-targets-bernanke-an-unteachable-hole-in-the-air-part-one-of-two/

http://dailyreckoning.com/orwell-targets-bernanke-an-unteachable-hole-in-the-air-part-two-of-two/

Damned scary, as Bernanke thinks 2% of inflation will be a good thing.

Keep in mind, inflation has grown by 13% since June.

13%? And you're worried about a mere 2%? ::)

None of these people have any business being in the position they're in.

Oh wait, if their job is to destroy the American economy, then they're doing a Hell of a bang up job.
After all, isn't that Huseins goal?

Solar, you unwittingly fell into the "statistics trap" by misinterpreting what shooter stated.  This should serve as a PERFECT example of what the federal government does in purposely throwing out statistics that are either false or misleading.  You obviously accidentally misinterpreted the statistics that Shooter stated, so I am not picking on you, Solar.  Just pointing out that the government PURPOSELY manipulates statistics in the same way that you ACCIDENTALLY did.

Shooter stated that "Bernanke thinks 2% of inflation will be a good thing".  Then Shooter stated that "inflation has grown by 13% since June.

Breaking this all down, what Shooter meant to say is that inflation has INCREASED by 13% since June.  Shooter did not mean that the RATE of inflation has increased by 13% since June. 

So basically, if the actual rate of inflation is 2%, then the proper calculation is multiply .13 times 2, and add that number to the 2%, which gives us an inflation rate of 2.26%.

Quote from: AmericanFlyer on October 24, 2010, 08:37:11 AM
Solar, you unwittingly fell into the "statistics trap" by misinterpreting what shooter stated.  This should serve as a PERFECT example of what the federal government does in purposely throwing out statistics that are either false or misleading.  You obviously accidentally misinterpreted the statistics that Shooter stated, so I am not picking on you, Solar.  Just pointing out that the government PURPOSELY manipulates statistics in the same way that you ACCIDENTALLY did.

Shooter stated that "Bernanke thinks 2% of inflation will be a good thing".  Then Shooter stated that "inflation has grown by 13% since June.

Breaking this all down, what Shooter meant to say is that inflation has INCREASED by 13% since June.  Shooter did not mean that the RATE of inflation has increased by 13% since June. 

So basically, if the actual rate of inflation is 2%, then the proper calculation is multiply .13 times 2, and add that number to the 2%, which gives us an inflation rate of 2.26%.

It was sarcasm, do try and keep up. ;)

The point, gentlemen is simply the FED and Bernanke have absolutely no concept of what they're doing.

Quote from: Shooterman on October 24, 2010, 09:11:04 AM
The point, gentlemen is simply the FED and Bernanke have absolutely no concept of what they're doing.

That was my point the other day when this came up.
They actually think they have the power to create jobs and cure the economy, but in reality, the only power they actually wield, is the ability to destroy both of those.

We are a Capitalist society, where the mkt should dictate the outcome, not a fuckin bureaucracy.
I can't wait for Nov...

Quote from: Shooterman on October 24, 2010, 09:11:04 AM
The point, gentlemen is simply the FED and Bernanke have absolutely no concept of what they're doing.

Obviously you are correct, Shooter.  My point was that the government skews all of their statistics to fit whatever political agenda they are promoting, and that using percentages of increase and decrease is just one example of that.

I'm keeping up just fine, Solar.  Thanks for your concern.

Quote from: AmericanFlyer on October 24, 2010, 10:28:40 AM
Obviously you are correct, Shooter.  My point was that the government skews all of their statistics to fit whatever political agenda they are promoting, and that using percentages of increase and decrease is just one example of that.

I'm keeping up just fine, Solar.  Thanks for your concern.

A fine example is our supposed 9.5% unemployment rate.
Anyone that believes that is ...
Well, a liberal. ;D

Isn't part of the Keynes theory inflation to reduce the debt by lowering the value of the dollar?

Quote from: Cryptic Bert on October 24, 2010, 04:43:48 PM
Isn't part of the Keynes theory inflation to reduce the debt by lowering the value of the dollar?

Is that like when Biden said we have to keep spending so we don't go broke?

Quote from: taxed on October 24, 2010, 04:48:19 PM
Is that like when Biden said we have to keep spending so we don't go broke?

I guess. I don't get  it liberals or their policies...

Quote from: taxed on October 24, 2010, 04:48:19 PM
Is that like when Biden said we have to keep spending so we don't go broke?

Yep, like when Pelousy said unemployment is good for the economy.
I wish I had a money tree like they do...

Obamao:  We can't be broke, I still have more checks left. ::)


Billy