Obama Directs Holder To Indict Obama And Bernanke
The Market Ticker ® - Commentary on The Capital Markets
Posted 2011-04-21 18:10
by Karl Denninger
in Editorial
Ignore this thread
Obama Directs Holder To Indict Obama And Bernanke
 

That was easy....

(Reuters) - President Barack Obama said on Thursday the U.S. attorney general was assembling a team to root out any fraud and manipulation in the oil markets that might be contributing to higher U.S. gasoline prices.

This case will require 15 seconds to solve.  My evidence is below:

The chart is oil, the white line the dollar.

The dollar has collapsed as Bernanke and Obama have together conspired to demand QE2 to support Obama's insane borrowing and spending in the economy.

There is a near-perfect inverse correlation between these two charts.

Please surrender at the nearest FBI office for your arrest Mr. Bernanke and Mr. Obama.

Case CLOSED.

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User Info Obama Directs Holder To Indict Obama And Bernanke in forum [Market-Ticker]
Lenguado
Posts: 1272
Incept: 2010-01-12
Gold A True American Patriot!
Orlando, FL
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Quote:
Please surrender {to} the nearest FBI office for your arrest Mr. Bernanke and Mr. Obama.

Holding my breath for that to happen...... smiley

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I just realized... they aren't saying, "Keynesian Economics"
they're saying "Kenyansian Economics". Grass Huts for everyone!
smiley
Welcome to history’s first Double Dip Depression

Riceman
Posts: 196
Incept: 2008-02-07
Green
The front row
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We know the cause. Feigning some wild investigation is only wasting more taxpayer dollars and is itself a fraud.

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"You miss 100 percent of the shots you never take." - Wayne Gretzky
Kylafoon
Posts: 2458
Incept: 2009-02-05
Gold
Zombie Portal Lookout
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Touche' bitches!!!

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"...But whenever we see things done wildly, but taken tamely, then the State is growing insane..." - Gilbert Keith Chesterton 1910

"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008
Richard112360
Posts: 610
Incept: 2008-02-06

Hooterville
Banned
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**** 'em both!!!!
Viper
Posts: 1064
Incept: 2007-08-28
Green
Madison, WI
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smiley
Jstanley01
Posts: 8182
Incept: 2008-07-30
Silver A True American Patriot!
San Antonio, Texas
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Those two, and 535 others.

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You can't cheat an honest man. ~P.T. Barnum
Peterm99
Posts: 4990
Incept: 2009-03-21
Gold
SoCal
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Jstanley01 -

Never forget the additional nine.

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". . . the Constitution has died, the economy welters in irreversible decline, we have perpetual war, all power lies in the hands of the executive, the police are supreme, and a surveillance beyond Orwell’s imaginings falls into place." - Fred Reed
Tallystick
Posts: 2230
Incept: 2009-09-20
Green
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No, sorry but that's backwards hehe. It's the oil speculators who are responsible for the collapsing dollar. That's why we have to take Libya's oil and let the Saudis kill Bahrainis. Trump it up!
Trades50
Posts: 4215
Incept: 2007-10-30
Silver
Land of Tax and Spend
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Seems Bernanke's family has a long histoty of extending credit.

http://www.time.com/time/photogallery/0,....

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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
Bertdilbert
Posts: 2661
Incept: 2008-12-22
Gold
CA
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OK so exactly where are you supposed to put your money? All currencies are trashing themselves by money printing.

Scratch the following as places where you can put your money.

Currencies? They all have the printing presses running full speed.
Housing? Uh bad idea, massive inventory overhang.
Commercial real estate? That looks scary.
Stocks? Overvalued and risky due to interest rate manipulation.
Bonds? Heh, return below inflation.
Industry? We cannot compete.
Bank CD? Bwhahhaha

Well, we just ran through the standard areas of where money is invested.

What is left? Oil, gold, silver, wheat, cotton, corn.

Provide a good place to put money and the money will flow there. Hey Mr. President, I have an idea. How about raising interest rates and reward saving rather than commodity speculation? How about balancing the budget so that people will not want to dump dollars rather than hoard things that are not printable out of a printing press?

Hey, I just saw a bumper sticker with Obama's face on it. It says "Does this ASS make my bumper look big?" LMAO

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Dear Euroland: Relax, Germany has a plan for your money!

Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
Mlshawaii
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Great Ticker. smiley
Etz
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Silver
LA
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We know the cause. Feigning some wild investigation is only wasting more taxpayer dollars and is itself a fraud.

This ^^^

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Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora.

Infidel
Posts: 5463
Incept: 2007-08-27
Green A True American Patriot!
between here and there
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I thought the dumb ass said oil would skyrocket under his administration.
Funny, it is the ONLY promise he made and kept!

We are ruled by the village idiot

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"DON'T BELIEVE THEM, DON'T FEAR THEM, DON'T ASK ANYTHING OF THEM." -ALEXANDER SOLZHENITSYN.

Tm22721
Posts: 976
Incept: 2008-01-09
Gold
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This could be Obama trying to defuse the outrage of $5 gas after the Chinese pull a yuan stunt this weekend.

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The country is terminally ill and IT JUST WANTS A PILL.

The only way up is down.
Mikek31
Posts: 4357
Incept: 2009-05-04
Green
Chicago
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Yep, same old garbage from three years ago - just replace one set of pigmen with another. Better get them gardens growin' before the SHTF again...

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Intentional manipulation of markets is usually thought of as a crime, not a benefit, and should lead to indictments, not praise. -Karl
Bailout-funder
Posts: 1019
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SF Bay Area, CA
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Oh, and pre-meditated, too:
"under my plan, uh, on the cap and trade system, electricity rates would necessarily skyrocket".

http://www.youtube.com/watch?v=HlTxGHn4s....

I just love it when the bunghole is so honest.

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"As we have now seen, one little lie, repeated often enough, becomes one gigantic mess."
"Someone clearly got the best government money can buy, but it certainly wasn’t us."
--Karl Denninger
Bagbalm
Posts: 4259
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Just North of Detroit
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Speculators? Is that code for Juzzz attacking the Fa...uh, Homeland?
Richard112360
Posts: 610
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Hooterville
Banned
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Quote:
This could be Obama trying to defuse the outrage of $5 gas after the Chinese pull a yuan stunt this weekend.



If the Chinese allow the Yuan to appreciate, won't all that U.S. paper they own suddenly becomes a lot less valuable.
Olduser
Posts: 287
Incept: 2009-09-11
Silver
Mile High
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OK, this ticker made me LOL as well...

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No, folks, we will not do this voluntarily.
We'll do it the hard way. - Karl Denninger

I only care what is and I just prepare. - Genesis
Albino
Posts: 3
Incept: 2011-04-20


Banned
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One just can't make this shiv up (this statement seems to be applicable on a daily basis unfortunately).

Those who voted for Obamama should be taken out behind the toolshed and beaten with a clue stick.
Bohemian
Posts: 9658
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California
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Hilarious. Nice Ticker!

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"The politicians are put there to give you the idea you have freedom of choice. You don't. You have no choice; you have owners. They own you. They own everything." - George Carlin
Zappafan
Posts: 1801
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Green
Atlanta
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I hereby nominate President Obama for the first annual "OJ" award.

This award is given to the person who best exemplifies the spirit of the Juice, who after offing his wife and a friend, and getting acquitted on murder charges, claimed he was going to spend the rest of his life searching for the "real" killers.

In this case the analogy is perfect. Obama, by nominating Ben, perpetrated a crime on the American consumer with higher gas prices. Now he says he's going after the "real" perps, those evil speculators.

Anyone want to start a collection? I suggest a bronze likeness of the Juice, carrying a set of golf clubs and with a big sh*t-eating grin. Just make sure it isn't made of silver or gold, that would cost a small fortune.


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The alternative to not borrowing from a counterfeiting cartel is to be priced
out by those who do
Harrisonact
Posts: 1754
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canada
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LMAO

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bilge
My playbook speaks español. Deal with it. Im too lazy to fix it.
Awells1902
Posts: 39
Incept: 2010-09-02

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Come on, that is silly. He clearly meant at the level of independent gas pump owners. Find someone like that, and they are willing to throw a book at them. Something heavy, the budget, or the tax code.
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