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Jon Stewart attempts to figure out if Ben Bernanke is printing money or not:

Recs

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December 08, 2010 – Comments (8)

Vox Day with the post here:

http://voxday.blogspot.com/

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And Karl Denninger points out that the Fed's own M1 and M2 statistics prove that Helicopter Ben was definitely lying even if Stewart hadn't shown him on tape contradicting himself.

 

8 Comments – Post Your Own

#1) On December 08, 2010 at 9:59 PM, MoneyWorksforMe (< 20) wrote:

This is great! And Bernanke is a TERRIBLE liar!

God help us.

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#2) On December 08, 2010 at 10:06 PM, abitare (39.45) wrote:

Mish has more and comments here:

http://globaleconomicanalysis.blogspot.com/2010/12/caught-in-massive-lie-daily-show.html

I watched the most recent Bernanke interview on 60 Minutes and was startled by one of Bernanke's responses to the interviewer. When asked how certain he was that QE2 would work, Bernanke replied: "100%!"

That reminded me of the preface to Nobel Prize-winning author Czeslaw Milosz's The Captive Mind:

"When someone is honestly 55% right, that’s very good and there’s no use wrangling. And if someone is 60% right, it’s wonderful, it’s great luck, and let him thank God. But what’s to be said about 75% right? Wise people say this is suspicious. Well, and what about 100% right? Whoever say he’s 100% right is a fanatic, a thug, and the worst kind of rascal."

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#3) On December 08, 2010 at 10:14 PM, Option1307 (29.70) wrote:

Ha ha ha awesome piece!

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#4) On December 09, 2010 at 9:24 AM, workfor (< 20) wrote:

Lets see, that will be one rec for every $100.00 bill burned. I read somewhere yesterday the cost of the printing error was over $100 million. Gee I hope they don't lose all that money before they can destroy it, like the 6 billion they found and then lost in Iraq.

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#5) On December 09, 2010 at 10:57 AM, workfor (< 20) wrote:

Its good to know there is no printing money going on. Now we fools can relax and sell all our precious metal stocks.

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#6) On December 09, 2010 at 8:35 PM, Bkeepr100 (< 20) wrote:

Sure you sell...I'll buy as much as possible...

 

 

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