| User Info
| Questions For Ben in forum [Market-Ticker]
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Gable
Posts: 409
Incept: 2009-07-04
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Quote:Today a 1 year CD yields, at best, about 1.25%. That same household now has an income from their CDs of $12,500. It is shocking that someone with a million bucks in the bank has an income below the poverty level...that alone should wake people up to how much damage has been done.
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In all of history, no government became more honest, less corrupt, or granted its citizens more rights as it grew in size. E.L. 2011
Ellie's Law-As an online discussion about the failures of the Obama Administration continues, the probability someone shouting "It's Bush's Fault" approaches 1
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Rickcaird
Posts: 78
Incept: 2009-08-17
Boynton Beach, Fl
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"It is shocking that someone with a million bucks in the bank has an income below the poverty level...that alone should wake people up to how much damage has been done."
Worse, that missing interest has been stolen from savers and given to the banks who managed to cause most of this mess.
While I like the questions Karl raises, I wonder why it takes a press conference when Bernanke is required to testify before Congress. Congress should be asking these questions.
Reason: trying to fix html
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Trades50
Posts: 4214
Incept: 2007-10-30
Land of Tax and Spend
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Only way this stops is if Bernanke is forced to stop monetizing.
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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
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Dan721
Posts: 2776
Incept: 2007-08-23
Phoenix, AZ
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+1 on the poverty line analysis. Very clean, very sober, irrefutable analysis.
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Pooslinger
Posts: 4378
Incept: 2007-11-06
Illinois
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Steelhead23
Posts: 2037
Incept: 2008-09-09
Portland OR
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Here's a question I would like to ask: Sir, what would you like for your last meal?
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"Give me control of a nation's money and I care not who makes it's laws" —Mayer Amschel Bauer Rothschild Benjamin Bernanke
For-profit commercial banks are a menace and should be eradicated
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Snooze
Posts: 2820
Incept: 2007-07-09
florida
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In addition; the monetization has increased the price of fuel and food. So it's a double whammy. Destroy their income and steal their purchasing power.
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Wealth is found in the warmth of the sun, in the coolness of moist soil, in the taste of fresh air, and in the pulse of your heart. Plant a seed and harvest your riches.
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Mayorviolet
Posts: 67
Incept: 2010-09-16
Philadelphia, PA
Banned
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Steel -
Best comment ever.
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Aztrader
Posts: 6648
Incept: 2007-09-10
Scottsdale, AZ
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Ben, How many people have committed suicide thanks to your zero rate policies?
Ben, How many people can't qualify for a loan due to the massive fraud the fed allowed for the past 10 years?
Ben, How many of your banks have made billions front running your market manipulation?
Ben, How is QE benefiting the middle class in any way?
Ben, Is everything you say today the complete and total sworn truth?
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Randy123
Posts: 5767
Incept: 2008-09-24
Earth
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What brand dog food would you suggest seniors buy for food?
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China is the Enemy. Wake Up.
New Normal. Same As The Old Awful.
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Tallystick
Posts: 2228
Incept: 2009-09-20
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Mr. Bernanke, who are you working for?
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Rutben
Posts: 1414
Incept: 2007-07-27
Phoenix, AZ
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Simple question: "Would you explain 'monetization' to taxpayers in terms they can understand?"
Follow up: If you purchase treasury paper from primary dealers shortly after they have purchased it from treasury, do you consider that 'monetization'?"
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Andrew123
Posts: 175
Incept: 2009-07-05
California
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I think you should amend question number 1. He can always claim he changed his mind, as the facts changed. The better question in my opinion is that given he broke his promise within 6 months of giving it, why should anyone beleive that he will keep any of his current promises? Why should anyone beleive a [godamn] thing that comes out of his mouth?
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Jal
Posts: 512
Incept: 2009-03-25
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Who is accepting your questions to ask to Ben?
jal
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Mannfm11
Posts: 3533
Incept: 2009-02-28
DFW, Tx
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I haven't seen money rates of a year as high as 1.25% too many places. I'm not sure it is worth 1% to have your money locked up in this environment. In any case, $1 million will pay the rent on a borderline slum here.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Jpg
Posts: 329
Incept: 2009-03-23
MI
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Carpediem0496
Posts: 12
Incept: 2010-06-11
New York
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Gen,
No one has the insight or the guts to ask these relevant questions.
Can you get a press pass as a member of the blogoshpere?
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Genesis
Posts: 130674
Incept: 2007-06-26
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 Not a snowball's chance in hell he'd call on me. I got one question through to him a couple of years ago through the mainstream media, and he's not dumb enough to let me toss another beanball at his noggin.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Bogey
Posts: 1302
Incept: 2008-03-12
Montana
Banned
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I don't mind Obama so much. It's the people in power that I can't stand.
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Bohemian
Posts: 9658
Incept: 2010-07-27
California
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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
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Genesis
Posts: 130674
Incept: 2007-06-26
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Of course.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Mayorquimby
Posts: 13907
Incept: 2008-09-18
The Archaic Past
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I think more direct questions would work best:
1. Ben - What do you suggest I do to preserve my purchasing power in the face of rising inflation and low yields?
2. Isn't the entire point of having an independent monetary authority to prevent excess liquidity?
3. How many median-wage individuals are involved in decision-making at the Fed? if none - how can they possibly comprehend or relate to your average individual?
4. Does the Fed purchase securities that are NOT backed by the full faith of the US gvmt?
5. How do injections of liquidity result in wage growth and/or job creation?
etc.
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They who wish to hurt you, work within the law.
- Morrissey
Gold is theft.
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3600
Posts: 1641
Incept: 2007-12-01
Michigan
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Recently the Supreme Court ordered the Fed to turn over documents related to the 2008 financial bailout. Your compliance with this court order was border line contempt. You chose to hand over a CD with individual PDF files that made it extremely difficult if not impossible for individuals to diseminate the information. Please explain why you chose to release the information in that format and also why you think that you have the right to ignore and obstruct the US Supreme Court.
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you're good at stealing and you're good at lying now lets see how good you're at flying... jump you ****ers....Gene Burnett
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Henderson1
Posts: 1129
Incept: 2007-08-09
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Mr. Chairman:
Banks and large corporations are benefiting enormously from your low interest rate policies. Yet consumers have no chance of getting loans anywhere near these historically low interest rates. Don’t you think the economy would benefit by allowing consumers access to ultra-low interest rates that banks have enjoyed for years?
What are the economic implications of making 0-0.25% home loans available to any mortgages in good standing?
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