Jump to content
Sign in to follow this  
I AM NOT THAT GUY

When are they going to fire the guy that got us into this mess?

27 posts in this topic

Recommended Posts

Fed open to more stimulus if needed: Bernanke

US Federal Reserve chairman Ben Bernanke said Wednesday that the Fed was prepared to renew its stimulus efforts if the economy remains feeble.

Two weeks after the end of its $600 billion bond-purchases program, or quantitative easing dubbed QE2, Bernanke told members of Congress that a new such effort could be launched, and other measures be taken, if economic weakness persists through the second half of the year.

"The possibility remains that the recent economic weakness may prove more persistent than expected and that deflationary risks might reemerge, implying the need for additional policy support," Bernanke said.

He said the Fed could follow in the footsteps of QE2 and increase its purchases of US securities, pushing more liquidity into the economy.

It could also cut a key interest rate it pays to banks on their reserves -- which could help push down commercial lending rates, he said.

Meanwhile the Fed will take its time unwinding the QE2 program, he confirmed. The central bank will continue to reinvest the original $600 billion into new Treasury securities and not reel the funds in as long as economic growth remains tepid, he said.

Bernanke defended the quantitative easing program, which some economists and finance industry analysts have argued had little impact in helping the economy recover from the 2008-2009 recession.

"The program had the intended effects of reducing the risk of deflation and shoring up economic activity," he said.

"This was a significant achievement, as we know from the Japanese experience that protracted deflation can be quite costly."

He also said it helped boost employment, even though the jobless rate remains a high 9.2 percent.

http://www.breitbart.com/article.php?id=CNG.dfda125de3d979ba9ecd87d665a4ab40.c1&show_article=1

Share this post


Link to post
Share on other sites

Fed open to more stimulus if needed: Bernanke

US Federal Reserve chairman Ben Bernanke said Wednesday that the Fed was prepared to renew its stimulus efforts if the economy remains feeble.

Two weeks after the end of its $600 billion bond-purchases program, or quantitative easing dubbed QE2, Bernanke told members of Congress that a new such effort could be launched, and other measures be taken, if economic weakness persists through the second half of the year.

"The possibility remains that the recent economic weakness may prove more persistent than expected and that deflationary risks might reemerge, implying the need for additional policy support," Bernanke said.

He said the Fed could follow in the footsteps of QE2 and increase its purchases of US securities, pushing more liquidity into the economy.

It could also cut a key interest rate it pays to banks on their reserves -- which could help push down commercial lending rates, he said.

Meanwhile the Fed will take its time unwinding the QE2 program, he confirmed. The central bank will continue to reinvest the original $600 billion into new Treasury securities and not reel the funds in as long as economic growth remains tepid, he said.

Bernanke defended the quantitative easing program, which some economists and finance industry analysts have argued had little impact in helping the economy recover from the 2008-2009 recession.

"The program had the intended effects of reducing the risk of deflation and shoring up economic activity," he said.

"This was a significant achievement, as we know from the Japanese experience that protracted deflation can be quite costly."

He also said it helped boost employment, even though the jobless rate remains a high 9.2 percent.

http://www.breitbart.com/article.php?id=CNG.dfda125de3d979ba9ecd87d665a4ab40.c1&show_article=1

You mean Greenspan?

Share this post


Link to post
Share on other sites

You mean Greenspan?

:thumbs:

someone pays attention around here!


nfrsig.jpg

The Great Canadian to Texas Transfer Timeline:

2/22/2010 - I-129F Packet Mailed

2/24/2010 - Packet Delivered to VSC

2/26/2010 - VSC Cashed Filing Fee

3/04/2010 - NOA1 Received!

8/14/2010 - Touched!

10/04/2010 - NOA2 Received!

10/25/2010 - Packet 3 Received!

02/07/2011 - Medical!

03/15/2011 - Interview in Montreal! - Approved!!!

Share this post


Link to post
Share on other sites

Greenspan told it like it was. He warned Bush time and time again. If anyone is to blame, blame Bush and blame Congress...whether it be Republican or Democrat.


sigbet.jpg

"I want to take this opportunity to mention how thankful I am for an Obama re-election. The choice was clear. We cannot live in a country that treats homosexuals and women as second class citizens. Homosexuals deserve all of the rights and benefits of marriage that heterosexuals receive. Women deserve to be treated with respect and their salaries should not depend on their gender, but their quality of work. I am also thankful that the great, progressive state of California once again voted for the correct President. America is moving forward, and the direction is a positive one."

Share this post


Link to post
Share on other sites

GWB = Greenspan, 'W' and Bernanke?

I guess so.

Bernanke was a tenured professor at Princeton University and was chair of the Department of Economics there from 1996 to September 2002, when he went on public service leave. From 2002 until 2005, he served as a member of the Board of Governors of the Federal Reserve System. Here he outlined the Bernanke Doctrine and first spoke of The Great Moderation, where he postulated that we are in a new era, where modern macroeconomic policy has decreased the volatility of the business cycle. He then served as Chairman of President George W. Bush's Council of Economic Advisers before President Bush appointed him to be Chairman of the United States Federal Reserve on February 1, 2006. Bernanke was confirmed for a second term as Chairman on January 28, 2010, after being nominated by President Barack Obama.

Guess he got that wrong, too.

Edited by Some Old Guy

Share this post


Link to post
Share on other sites

I thought Greenspan was retired from the Fed.

And you like the job that Bernanke, Geithner, and Paulson have done in the last decade?

Bernanke has done nothing but continue what Greenspan started. Actually Bernanke has been a tame duck compared to Greenspan's Fed. a VERY tame duck.

Look up Brooksley Born vs Greenspan.

Trust me. The worst thing that ever happened to our economy/financial system (for you and me that is) is Alan Greenspan.


nfrsig.jpg

The Great Canadian to Texas Transfer Timeline:

2/22/2010 - I-129F Packet Mailed

2/24/2010 - Packet Delivered to VSC

2/26/2010 - VSC Cashed Filing Fee

3/04/2010 - NOA1 Received!

8/14/2010 - Touched!

10/04/2010 - NOA2 Received!

10/25/2010 - Packet 3 Received!

02/07/2011 - Medical!

03/15/2011 - Interview in Montreal! - Approved!!!

Share this post


Link to post
Share on other sites

Greenspan told it like it was. He warned Bush time and time again. If anyone is to blame, blame Bush and blame Congress...whether it be Republican or Democrat.

Greenspan didn't warn ####### until it was too late.

He 'warned' everyone after he was replaced.

Remember, we are the ones who suffer, NOT the FED.

People need to get it in their thick skulls that the greatest atrocity of the US Government against the American people was the Federal Reserve Act of 1913. We are 98 years in deep shite.


nfrsig.jpg

The Great Canadian to Texas Transfer Timeline:

2/22/2010 - I-129F Packet Mailed

2/24/2010 - Packet Delivered to VSC

2/26/2010 - VSC Cashed Filing Fee

3/04/2010 - NOA1 Received!

8/14/2010 - Touched!

10/04/2010 - NOA2 Received!

10/25/2010 - Packet 3 Received!

02/07/2011 - Medical!

03/15/2011 - Interview in Montreal! - Approved!!!

Share this post


Link to post
Share on other sites

I am curious what others think about this. Is Gold money?

according to the constitution, all of our money must be coined from gold or silver.


nfrsig.jpg

The Great Canadian to Texas Transfer Timeline:

2/22/2010 - I-129F Packet Mailed

2/24/2010 - Packet Delivered to VSC

2/26/2010 - VSC Cashed Filing Fee

3/04/2010 - NOA1 Received!

8/14/2010 - Touched!

10/04/2010 - NOA2 Received!

10/25/2010 - Packet 3 Received!

02/07/2011 - Medical!

03/15/2011 - Interview in Montreal! - Approved!!!

Share this post


Link to post
Share on other sites

excuse me. My mind is fried from the day.

I've been stuck on the 10th amendment here, which provides that state's can only pay their debts in the form of gold and silver.


nfrsig.jpg

The Great Canadian to Texas Transfer Timeline:

2/22/2010 - I-129F Packet Mailed

2/24/2010 - Packet Delivered to VSC

2/26/2010 - VSC Cashed Filing Fee

3/04/2010 - NOA1 Received!

8/14/2010 - Touched!

10/04/2010 - NOA2 Received!

10/25/2010 - Packet 3 Received!

02/07/2011 - Medical!

03/15/2011 - Interview in Montreal! - Approved!!!

Share this post


Link to post
Share on other sites
 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  
- Back to Top -


Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×