What was Ben thinking?
August 09, 2006
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
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22 comments:
"bark bark bark"
that's ben answering to his masters down at 1600
"why the hell did I take this job?"
"f-ing greenspan!"
Got to choose between the frying pan and the fire. What did mom teach me???
We'll get another reading on the inflation indicators, and if they don't turn down with the economy, we'll raise again in the fall.
he was thinking that the previous rate increases have done their job, and the economy is showing clear signs of slowing. In addition, we are in a commodity bubble, so the inflation scare wont get much worse than it is right now.
Oil the next bubble?
Yep, you bet. The US and world economies are slowing and we will use less of it; period. These high prices are and will bring more conservation. In addition, there are billions invested in these "commodity" funds that will have to liquidate and sell crude futures and energy stocks when the music stops. There will be a day when crude is down $20. All the rookies like Keith see no downside in metals and crude. When this happenes, you know it's a bubble.
In economics, people look to history to explain ups, downs, recessions, bubbles, calms and panics. Two things to remember, never before in history has there been 6.7 billion energy hungry humans on this earth and we have had 5,000 years of stripping the easy to get resources out of her. Now we need ever more energy to pour on the land to produce food and ever more energy to run the machines to access ever deeper and harder to get resources.
Ben says, may god help us all.
"There will be a day when crude is down $20."
Hey Anon - you may be right - after a demand destruction event - like and 80% dieoff on the planet - OR like glassing over china and india taking out millions of cars.
If I am paying 75 cents at the pump - it only means 8 in 10 WENT.
Other than that - expect more like $20.00 AT THE PUMP.
Last Anon - you got it nailed down again...uptil 1850 1 billion people - 150 years later 7 billion heading to 12 in under 15 years...8 in 10 gotz to go.
Ben was thinking - "Darn oil - inflating everything - there is nothing I can do"
How can I print another 5 trillion next month and not have all the prices go up? Come on, think! COME ON!
Richard, you're just a "dick"
Well done Ben, gold up nearly 9 bucks today and silver over 32 cents, so far!!
$1 at nearly $1.91 to £1 (GBP) and nearly $1.29 to 1€ (euro)
So by my reckoning Keith your wages have had a 10% not so much a haircut but scalping in the last 2 weeks!!
"Richard, you're just a "dick""
LMFAO!!!!
Hey anon - go back a few posts - find my per. email - then just send me one - just one note from yours.
Private bank MY ASS!
I think he's praying.....but to whom?
You don't think the ruling class doesn't manipulate all of us? In the Penniless Billionaire, about the Crash of 29, it shows how the ruling elite manipulated the market making millions and then again after the crash coming in an picking up assets with their cash.
Everybody chasing something for nothing. God, land, euro's, stocks, real estate, what is the difference? Soro's will play one currency against another. Buy Euro's today, sell tomorrow, take the profit, buy dollars, take the profit, buy commodiites, take the profit, buy real estate, take the profit, and the chase game continues. Broker's, real estate agents, companies, banks, they all skim the cream, taking profit and interest from all us smucks chasing riches.
The world has always been that way, no different than Mexico except people there know the rich play this game and keep them down. Here we call it smart capitalism and don't recognize our masters. Sort of like our delusion about a free press.
"There will be a day when crude is down $20."
Sure---after a huge explosive pop to to $200 (or $400?)
Oil is different from the other commodities.
In the past in commodity booms and busts, the booms caused new increase in supply due to new investment, e.g. in mines. Higher prices brought higher supply, after a lag. Then the downturn came.
This was the case for oil for 3 or 4 cycles. This time it isn't. Significantly higher prices have brought very substantial new activity in oil exploration and production---and yet overall supply has not gone up anywhere commensurate---it has flatlined.
Why?
Read www.theoildrum.com
Petroleum is different. How long would civilization had lasted on oil from whales?
We are hunting the last of the petroleum whales. More whaling ships are finding less whale.
i, benjamin shalom bernanke (educated at haaa-vard and mit and indoctrinated goyim at stanford and princeton) am a "jew". i was hired to do the bidding of my jewish petrobanking benefactors. i will not disappoint my mother and my benefactors. we are chosen. we must not permit deflation, which is the bane of jews' existence. we must provide fiat paper to the goyim imperialists (as we have the british, french, hapsburgs, russians, holy roman empire, romans, bablonians, assyrians, et al.). we must talk down inflation and buy the gold sold to us by the goyim. he who owns the gold rules the world. as long as paper money exists, jews are kings. if deflation occurs, the goyim turn their fury on us. we jews were punished by our desert sky god for creating golden idols in the wilderness, but as long as the goyim are ignorant of our idolatry and betrayal we can fool most of the goyim most of the time and rule. when the goyim discover gold as a "safe haven" it's time to sell to them to satisfy their appetites and to profit from their ignorance and avarice.
shalom ben
How can I f=ck consumers and workers, and protect my real interests: the Bushes and Cheneys of the world?
How can I f=ck consumers and workers, and protect my real interests: the Bushes and Cheneys of the world?
yes, the goyim are inferior creatures, whereas we jews are clearly superior and worthy of f@@king everyone. g-d commands us to do so.
Ben's thought bubble:
God, I wish I was a greeter at Wal-Mart.
When he's nervous he puts his fingers under his arms then smells them!
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