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alstry (35.13)

Bernanke Is A Economic Terrorist

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November 06, 2010 – Comments (10)

Asked by a student if “skyrocketing” commodities prices may threaten his inflation outlook, Bernanke said rising commodities prices are “the one exception” to a broad reduction in inflationary pressures. Overall, excess slack in the economy will make it difficult for producers to push through higher prices to consumers, he said.

http://market-ticker.org/akcs-www?post=171431

If your input costs rise....but you can't pass on the increased costs to customers....the only choice left you have is to lower your labor costs.....or go out of business...which is now happening to millions of businesses and tens of millions of workers around America.

However, if you are one of the select few chosen Wall Street Companies, you can keep losing money by simply continually borrowing from our pension funds and deplete the last remaining dollars from our retireees.....the public homebuilders are a perfect example.

Ben Bernanke yesterday admitted eliminating profits was a consquence of his policy..which I call Zombulation....effectively destroying the incomes of tens of millions of Americans and shutting down the profitability of business.

None of this was hard to see.....none of it was hard to forecast in a nation that is a service based economy that is highly leveraged and runs a massive trade defict where pratically no one benefits from rising commodity/input prices that can't be passed on to the customers.

Ben Bernanke's expertise was limited to the Great Depression...where we were a low debt and export based economy and rising commodity prices could actually helped drive rising wages.....but now, rising commodity prices destroy profitability and will drive much lower wages and accelerate business shut downs.

As more and more money is concentrated in food and fuel, less will be able to be spent anywhere else.....and since most businesses in America are ex food and fuel, more and more businesses will shut down......while the need to print will only increase driving down the value of our money further and making the above situation even worse......

Now we KNOW Ben Shalom Bernanke is intentionally destroying our economy by eliminating profits...........the question is what will we do about it?

10 Comments – Post Your Own

#1) On November 06, 2010 at 1:01 PM, HarryCarysGhost (99.70) wrote:

 

http://www.suntimes.com/business/savage/2866990,CST-NWS-savage05.savagearticle

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#2) On November 06, 2010 at 3:29 PM, alstry (35.13) wrote:

The Law continues to break down in America....

EAGLE, Colorado — A financial manager for wealthy clients will not face felony charges for a hit-and-run because it could jeopardize his job, prosecutors said Thursday.


http://www.vaildaily.com/article/20101104/NEWS/101109939/1078&ParentProfile=1062

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#3) On November 06, 2010 at 3:40 PM, alstry (35.13) wrote:

As more and more money is spent on Inflating Food, Fuel and Input Costs....Less and Less will be available for employees and other expenditures...

Atlantic City's Credit Rating Lowered Three Levels Due to  Revenues Worries

Aurora Health Care - 175

Express Script - Plans 1,000

 

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#4) On November 06, 2010 at 3:49 PM, alstry (35.13) wrote:

WHO IS ENTITLED TO PRINTED COUNTERFEIT MONEY?

BBC journalists strike for 2nd day over pensions

The Anchorage PD - 22

Update: Chula Vista CA - up to 146 Possible 

VS......

Fannie Mae Asks for $2.5 Billion in New US Aid

9 AIRCRAFT IN OBAMA ENTOURAGE...

'Not since the Pharaohs or the Roman Emperors has a head of state travelled in such pomp'...

NOW THE QUESTION IS WHO HAS THE RIGHT TO PRINTED MONEY WHEN PROFITS NO LONGER MATTER....OR AT LEAST ARE BEING INTENTIONALLY DESTROYED BY OUR OWN FED HEAD?

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#5) On November 06, 2010 at 3:53 PM, alstry (35.13) wrote:

DONNER....I should have never doubted you.....

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#6) On November 06, 2010 at 4:05 PM, RonChapmanJr (91.04) wrote:

alstry (33.05) wrote:Ron...my guess is I can create six blogs faster than most create one...but I will let this one stand for a while.......the next event will likely start with a bang....and at that point, it will be pointless to blog.

#4) On November 05, 2010 at 8:06 PM, RonChapmanJr (99.89) wrote: I say you hold out for ~5 hours.  :)

Pretty close.

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#7) On November 06, 2010 at 10:21 PM, oshiri (< 20) wrote:

Sempai . . .

      I've decided its better buy 1 or 2 more pieces of every durable good in my house then keep the money in the bank. I'm also buying 3-4 cases of every non-perishable I use instead of staring at the glitter.

     Assets Comrade Alstrymous, hard but consumable assets that I can use as a hedge. I only wish I had more storage space.

     BTW, yer St Paul Mild won again tonight. They're in 2nd place in their division . . . the question is, how??? 

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#8) On November 07, 2010 at 12:03 AM, topsecret10 (< 20) wrote:

   Bernanke Is creating the biggest bubble EVER as I respond to your blog. What the!@#$%^&^%$#@!@#$%!!!!@#$#@!  are these Idiots thinking ?  Prices are already skyrocketing on everything. Food and gasoline are heading higher Into the WINTER. Diesel fuel just rocketed past premium here In Caleeeeeeefornia....    Enjoy this market of smoke and mirrors while you can,because when It falls your stop loss orders will not matter. I suggest that you use stop limit orders for the coming stock market disaster.   TS

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#9) On November 07, 2010 at 8:10 AM, FreeMarkets (91.80) wrote:

I rec'd this post just on the title.  Alstry, when you call Bernanke an economic terrorist, you don't have to defend the position, it's common knowledge. :-)

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#10) On November 07, 2010 at 8:24 AM, NOTvuffett (< 20) wrote:

If Bernanke is an economic terrorist, why are we the ones that have to wear the suicide vests? lol.

 

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