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Varchild2008 (85.88)

Jeremy Grantham's No Confidence Vote in Bernanke

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November 11, 2010 – Comments (4)

Hmm..... Now we have Jeremy Grantham warning about potential growing currency war and out of control inflation in not just metals or oil (which have traded the same over the years) but in everything across the board.

This is in Maria Bartriromo's  interview with Jeremy Grantham.

So while some far leftists of the AP, REUTERS, Wall Street Journal  are desperate to attack Sarah Palin for speaking out against QE2 and any other types of pump priming,  the reality is that Sarah Palin has far more Smart Friends backing her up than she has mindless journalists on the opposite end.

Who are you with?  Tax Cheat Timothy Geithner and Biased Journalists?

Or are you on the side of Jeremy Grantham, Ben Bernanke's own teammates coming out in protest over QE2, and so on?

Sarah Palin's warning about across the board inflation especially on necessities is not something to treat lightly.

Typical mentality of a Sarah Palin Obsessed Hater:

"Waaaaaaah  Waaaaaah  I don't like Conservatism.... I hate Conservatives.... Sarah = Conservative so smear attack!!  smear attack!!!!  I oppose anything she says!!! If she says the sky is blue then it is Green!!!  If she says the Earth is Round... Then it is TRIANGULAR instead!!!!"

In my opinion Sarah Palin would be a far better Fed Chairman than Ben Bernanke.
At least she wouldn't have the entire G20 upset at her for Pump Priming...sending OIL just below $90 a barrel in a matter of a few weeks.

So STOP with the thoughtless Sarah Palin hate.... and face the facts.....Before you finally are faced with a 1970s style Oil Crisis.

Not to say we will have one anytime soon as we have tons of Barrels of Oil on reserve.
But, at the same time no one wants to pay $5.00+ a gallon of gas.  Here in Michigan it is as high in some places as $3.11/3.12 a gallon.

4 Comments – Post Your Own

#1) On November 11, 2010 at 11:53 AM, davejh23 (< 20) wrote:

Just curious; why did you choose to comment so much on Sarah Palin's remarks concerning QE2?  Was this discussed in another blog post I missed?  Were her statements ridiculed on the news last night?  I happen to agree with her general sentiment towards the Fed's move, but anything she says doesn't carry much weight...she's not considered an "expert" on anything by anybody.  On the other hand, there are plenty of people that could be considered experts that have openly ridiculed the Fed's actions and are warning of disastrous consequences.  I know Bernanke is a self-proclaimed expert on the Great Depression, but judging by his actions, it seems that he's never heard of the Depression...the currency/trade wars now evolving will make the protectionism of the Depression era look like nothing...

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#2) On November 11, 2010 at 11:59 AM, gabeborenstein (< 20) wrote:

Mr.Grantham is wrong.Mr .Bernanke while contributing to the events of 2008 via restrictice policy untill 2007,had rescued U.S and the global economies (with the help of TARP and TARF)from a decompression which would have dwarfed in magnitude the 1929 Depression.Mr Bernanke should be given credit for learning from the past mistakes and steering U.S economy towards unprecedented ,noninflationary economic growth in the period ahead.The dollar weakness is reflective of a record speculative short positions.The real demand for dollar exists ie record Chinese government's purchase of the U.S treasurues and other dollar denominated assets.Dollar will rally in the period ahead as will the stock market responding to unprecedented ,noninflationary expansion in the period ahead.Mr.Bernanke will go down in a history as the greatest Chairman in the history of the FED.

 

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#3) On November 11, 2010 at 7:38 PM, Varchild2008 (85.88) wrote:

I spend a lot of time on Yahoo Finance and other sites and I've seen multiple articles... 1 from Wall Street Journal that has been talked about extensively..

And another article whose head line was something like, "Why Sarah Palin is wrong about Inflation."  That was linked on yahoo fianance website.

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#4) On November 11, 2010 at 7:40 PM, Varchild2008 (85.88) wrote:

".Mr.Bernanke will go down in a history as the greatest Chairman in the history of the FED."

And the Republican Party in Congress will receive all of the blame for the impending Food/Oil price crisis of 2012...instead of laying the blame where it belongs....on Ben Bernanke's feet.

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