Ron Paul slams Bernanke Today…

[gdcox]

Well this guy was right to raise the issues BUT these seeds were sown by Greenspan and Congress in the early 2000’s when rates were kept too low for too long. With that inheritance and the rise of China etc all , a surging commodity boom has been unavoidable and with it a fall in the standard of living for the US and the UK where I live. I am re-modelling my houe and when i first discussed plans it was going to cost about $140K and now it will be more like $200 K all due to the surge of commodities (should have bought gold futures !) .

The Bernanke Fed did not cause the present problem at all and he cannot but lower rates. He missed a major trick though by not reminding Paul that the Fed is required by Congress to keep growth going , so inflation fighting is undertaken with one hand tied behind the back.

[Mean Reversion]

Bernake has been restricting the money supply since last August. The current inflation is just a side-effect of the previous hangover plus loose credit markets.

Are you f*cking kidding me, kewp? The money supply has been restricted?? Do you know how this system works?

M2 increased $16.3 billion in the week ended Feb. 11, according to data released late Thursday by the Federal Reserve. M2 has advanced $139 billion to $7.585 trillion over the past four weeks, the most for any four weeks since September 2001, when it advanced $207 billion over a four-week span.

To bring the funds rate down, the Fed must do something: inject reserves into the banking system.

By increasing the supply of money, the price of money decreases, and that is how the Fed achieves a lower funds rate.

[Mean Reversion]

Bernake has been restricting the money supply since last August. The current inflation is just a side-effect of the previous hangover plus loose credit markets.

Are you f*cking kidding me, kewp? The money supply has been restricted?? Do you know how this system works?

M2 increased $16.3 billion in the week ended Feb. 11, according to data released late Thursday by the Federal Reserve. M2 has advanced $139 billion to $7.585 trillion over the past four weeks, the most for any four weeks since September 2001, when it advanced $207 billion over a four-week span.

To bring the funds rate down, the Fed must do something: inject reserves into the banking system.

By increasing the supply of money, the price of money decreases, and that is how the Fed achieves a lower funds rate.

[Mean Reversion]

Bernake has been restricting the money supply since last August. The current inflation is just a side-effect of the previous hangover plus loose credit markets.

Are you f*cking kidding me, kewp? The money supply has been restricted?? Do you know how this system works?

M2 increased $16.3 billion in the week ended Feb. 11, according to data released late Thursday by the Federal Reserve. M2 has advanced $139 billion to $7.585 trillion over the past four weeks, the most for any four weeks since September 2001, when it advanced $207 billion over a four-week span.

To bring the funds rate down, the Fed must do something: inject reserves into the banking system.

By increasing the supply of money, the price of money decreases, and that is how the Fed achieves a lower funds rate.

[Mean Reversion]

Bernake has been restricting the money supply since last August. The current inflation is just a side-effect of the previous hangover plus loose credit markets.

Are you f*cking kidding me, kewp? The money supply has been restricted?? Do you know how this system works?

M2 increased $16.3 billion in the week ended Feb. 11, according to data released late Thursday by the Federal Reserve. M2 has advanced $139 billion to $7.585 trillion over the past four weeks, the most for any four weeks since September 2001, when it advanced $207 billion over a four-week span.

To bring the funds rate down, the Fed must do something: inject reserves into the banking system.

By increasing the supply of money, the price of money decreases, and that is how the Fed achieves a lower funds rate.

[Mean Reversion]

Bernake has been restricting the money supply since last August. The current inflation is just a side-effect of the previous hangover plus loose credit markets.

Are you f*cking kidding me, kewp? The money supply has been restricted?? Do you know how this system works?

M2 increased $16.3 billion in the week ended Feb. 11, according to data released late Thursday by the Federal Reserve. M2 has advanced $139 billion to $7.585 trillion over the past four weeks, the most for any four weeks since September 2001, when it advanced $207 billion over a four-week span.

To bring the funds rate down, the Fed must do something: inject reserves into the banking system.

By increasing the supply of money, the price of money decreases, and that is how the Fed achieves a lower funds rate.

[Deal Hunter]

The most troubling part of the testimony was when Ben "assured" the rep from Illinois that the "[Dollar] is doing fine and that there is no question that the world accepts the U.S. Dollar are the reserve currency and will continue to respect it as such…"

Weird because that wasn't even the question the Rep asked.  He was asking Bernanke to explain t-bill spreads and why mortgage rates went up as the Fed funds went down.  Bernanke went completely around the explanation and just blurted that manure about the Dollar being strong.

Strange.

[Deal Hunter]

The most troubling part of the testimony was when Ben "assured" the rep from Illinois that the "[Dollar] is doing fine and that there is no question that the world accepts the U.S. Dollar are the reserve currency and will continue to respect it as such…"

Weird because that wasn't even the question the Rep asked.  He was asking Bernanke to explain t-bill spreads and why mortgage rates went up as the Fed funds went down.  Bernanke went completely around the explanation and just blurted that manure about the Dollar being strong.

Strange.

[Deal Hunter]

The most troubling part of the testimony was when Ben "assured" the rep from Illinois that the "[Dollar] is doing fine and that there is no question that the world accepts the U.S. Dollar are the reserve currency and will continue to respect it as such…"

Weird because that wasn't even the question the Rep asked.  He was asking Bernanke to explain t-bill spreads and why mortgage rates went up as the Fed funds went down.  Bernanke went completely around the explanation and just blurted that manure about the Dollar being strong.

Strange.

[Deal Hunter]

The most troubling part of the testimony was when Ben "assured" the rep from Illinois that the "[Dollar] is doing fine and that there is no question that the world accepts the U.S. Dollar are the reserve currency and will continue to respect it as such…"

Weird because that wasn't even the question the Rep asked.  He was asking Bernanke to explain t-bill spreads and why mortgage rates went up as the Fed funds went down.  Bernanke went completely around the explanation and just blurted that manure about the Dollar being strong.

Strange.

[Deal Hunter]

The most troubling part of the testimony was when Ben "assured" the rep from Illinois that the "[Dollar] is doing fine and that there is no question that the world accepts the U.S. Dollar are the reserve currency and will continue to respect it as such…"

Weird because that wasn't even the question the Rep asked.  He was asking Bernanke to explain t-bill spreads and why mortgage rates went up as the Fed funds went down.  Bernanke went completely around the explanation and just blurted that manure about the Dollar being strong.

Strange.

[kewp]

Do you know how this system works?

Sure do! Speaking of knowledge, do you know how to *not* act like a dick?

I don’t pay particularly close attention to what the Fed does, but I do check the ShadowStats site from time to time. See:

http://www.shadowstats.com/alternate_data

The M1 line has been sorta going downwards for awhile.

If the Fed is inflating again as of last week it won’t be visible there and is indeed news to me. Thanks for the heads up.

[kewp]

Do you know how this system works?

Sure do! Speaking of knowledge, do you know how to *not* act like a dick?

I don’t pay particularly close attention to what the Fed does, but I do check the ShadowStats site from time to time. See:

http://www.shadowstats.com/alternate_data

The M1 line has been sorta going downwards for awhile.

If the Fed is inflating again as of last week it won’t be visible there and is indeed news to me. Thanks for the heads up.

[kewp]

Do you know how this system works?

Sure do! Speaking of knowledge, do you know how to *not* act like a dick?

I don’t pay particularly close attention to what the Fed does, but I do check the ShadowStats site from time to time. See:

http://www.shadowstats.com/alternate_data

The M1 line has been sorta going downwards for awhile.

If the Fed is inflating again as of last week it won’t be visible there and is indeed news to me. Thanks for the heads up.

[kewp]

Do you know how this system works?

Sure do! Speaking of knowledge, do you know how to *not* act like a dick?

I don’t pay particularly close attention to what the Fed does, but I do check the ShadowStats site from time to time. See:

http://www.shadowstats.com/alternate_data

The M1 line has been sorta going downwards for awhile.

If the Fed is inflating again as of last week it won’t be visible there and is indeed news to me. Thanks for the heads up.

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