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Ben Bernake and 2 % inflation rate

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07-25-2013, 02:18 PM
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Kadri43
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Ben Bernake and 2 % inflation rate

http://www.bloomberg.com/news/2013-0...inflation.html

Oh yes, The Fed reserve is at it once again. Chairman Bernake actually says the inflation is too low and The Fed would act to combat this problem! Maybe this country needs some DEFLATION! Is this outright theft of the middle and lower incomes? What about people on social assistance? As the fed continues to ignore market interest rates and also going completely insane on quantitative easing when are the people finally going complain? Is the devaluation of the dollar not the same as theft? How can the fed continue to increase the money supply at the detriment of the whole country? What happens when the unprecedented stimulus from the banks actually reaches the market? What the hell is going to happen to the dollar then?

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07-25-2013, 02:21 PM
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07-25-2013, 02:23 PM
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This is what happens when you have a criminology student at a backwater university thinking he knows more than experienced bureaucrats in one of the most important banks in the world.

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07-25-2013, 02:24 PM
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Quote:
Originally Posted by buddahsmoka1 View Post
This is what happens when you have a criminology student at a backwater university thinking he knows more than experienced bureaucrats in one of the most important banks in the world.
I only wish Ben Bernanke would read this board, Kadri could have helped hundreds of millions of Americans.

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07-25-2013, 02:26 PM
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Kadri43
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Quote:
Originally Posted by buddahsmoka1 View Post
This is what happens when you have a criminology student at a backwater university thinking he knows more than experienced bureaucrats in one of the most important banks in the world.
Well for one, Alan Greenspan is having second guesses now that he is retired. You know, the previous Chairman.

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07-25-2013, 02:26 PM
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Quote:
Originally Posted by buddahsmoka1 View Post
This is what happens when you have a criminology student at a backwater university thinking he knows more than experienced bureaucrats in one of the most important banks in the world.
How DARE you! He almost has a Master's degree!

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07-25-2013, 02:27 PM
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Kadri43
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Originally Posted by buddahsmoka1 View Post
This is what happens when you have a criminology student at a backwater university thinking he knows more than experienced bureaucrats in one of the most important banks in the world.
Have you ever wondered that maybe the central bankers are actually doing everything wrong on purpose?

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07-25-2013, 02:32 PM
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Originally Posted by buddahsmoka1 View Post
This is what happens when you have a criminology student at a backwater university thinking he knows more than experienced bureaucrats in one of the most important banks in the world.
Oh yes, continue watching CNN. I will continue reading austrian economics.
Do you remember Ben Bernake prior to the 08 collapse? Actually, even after he would not admit that he did anything wrong until well after. Face it, Bernake is there to help central bankers at the detriment of everyone else.
Chairman Paul Polcker was the only Chairman in recent times that actually did a little bit of good.

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07-25-2013, 02:32 PM
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The US never prospered more, faster than since the creation of the Fed 100 years ago.

Here's hoping they continue doing "everything wrong, on purpose" for another century like this last one.

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07-25-2013, 02:34 PM
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Originally Posted by Kadri43 View Post
Well for one, Alan Greenspan is having second guesses now that he is retired. You know, the previous Chairman.
I didn't say they were infallible. I just don't see the point of criticizing such complex economics and complex processes with absolutely no expertise in the field.

Quote:
Originally Posted by Kadri43 View Post
Have you ever wondered that maybe the central bankers are actually doing everything wrong on purpose?
No.

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07-25-2013, 02:35 PM
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Kadri43
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Originally Posted by Dado View Post
The US never prospered more, faster than since the creation of the Fed 100 years ago.

Here's hoping they continue doing "everything wrong, on purpose" for another century like this last one.
The industrial revolution says hi.

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07-25-2013, 02:36 PM
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I mean can you even do rudimentary econometrics?

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07-25-2013, 02:37 PM
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I love how kadri replied to the same post multiple times, as if his personalities all wanted a piece of him.

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07-25-2013, 02:37 PM
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Originally Posted by buddahsmoka1 View Post
I didn't say they were infallible. I just don't see the point of criticizing such complex economics and complex processes with absolutely no expertise in the field.
I just listen to austrian economists, you know the ones that actually understand interest rates. Alan Greenspan was a big supporter of the austrian school at one time. Why listen to Chairman Bernake when he has constantly lied to everyone?

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07-25-2013, 02:38 PM
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The Industrial Revolution created an endless stream of Dickens novels.

The Fed era created the largest, wealthiest and most powerful middle class the world has ever seen.

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07-25-2013, 02:39 PM
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Originally Posted by Kadri43 View Post
I just listen to austrian economists, you know the ones that actually understand interest rates. Alan Greenspan was a big supporter of the austrian school at one time. Why listen to Chairman Bernake when he has constantly lied to everyone?
Look at me, I only listen to a certain type of economist, I am so enlightened!

Do you only get your political knowledge from Marxists too?

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07-25-2013, 02:39 PM
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Originally Posted by Vyacheslav View Post
I love how kadri replied to the same post multiple times, as if his personalities all wanted a piece of him.
I guarantee that everyone who replied listens to mainstream news owned by corporations and the government. Also, everyone is older than 35 and have been listened to the system for too long to question anything.
Where are the smart critical thinking posters like Slip?

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07-25-2013, 02:40 PM
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Originally Posted by Kadri43 View Post
I guarantee that everyone who replied listens to mainstream news owned by corporations and the government. Also, everyone is older than 35 and have been listened to the system for too long to question anything.
Where are the smart critical thinking posters like Slip?
Wrong.

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07-25-2013, 02:42 PM
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Kadri43
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Quote:
Originally Posted by Dado View Post
The Industrial Revolution created an endless stream of Dickens novels.

The Fed era created the largest, wealthiest and most powerful middle class the world has ever seen.
The Industrial Revolution was more than what you were proposing.

Where is the middle class today? Yes, post World War II saw the greatest expansion of the middle class in its history. However, the Fed at the time did not EVEN COME CLOSE to what the Fed is doing today. Quantitative easing and these crazy low overnight interests rates were not going on back then. Did you know that?

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07-25-2013, 02:42 PM
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Quote:
Originally Posted by Kadri43 View Post
I guarantee that everyone who replied listens to mainstream news owned by corporations and the government. Also, everyone is older than 35 and have been listened to the system for too long to question anything.
Where are the smart critical thinking posters like Slip?
I just don't see why you replied to the same post three separate times with three different replies.

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07-25-2013, 02:49 PM
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Clearly Austrian economics are the best system in the world and an example for all to follow. Look at all the countries that use that system. You're all just blind.

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07-25-2013, 02:52 PM
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Originally Posted by Kadri43 View Post
I will continue reading austrian economics.
I think I've identified your problem.

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07-25-2013, 02:52 PM
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Originally Posted by KirkP View Post
Clearly Austrian economics are the best system in the world and an example for all to follow. Look at all the countries that use that system. You're all just blind.
You mean the Oil Rig Republic? It encompasses an entire oil rig!!!

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07-25-2013, 02:54 PM
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Kadri43
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Originally Posted by KirkP View Post
Clearly Austrian economics are the best system in the world and an example for all to follow. Look at all the countries that use that system. You're all just blind.
Do you not realize the power and money behind central bankers? Do you not realize the power of major financial institutions? Do you not realize the whole government structure is supported by central banks. Do you not realize that defense contractors would be pretty much useless without the fed.
You know, that just MIGHT have something to do with it.

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07-25-2013, 02:57 PM
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Kadri43
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Originally Posted by Ugmo View Post
I think I've identified your problem.
What is wrong with reading a theory that is critical of the status quo? It would be a really boring and unhealthy world for everyone to blindly follow all the policies of the current power structure.
The biggest threat to knowledge is the end of debate.

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