May 01, 2008

Make sure you thank Ben Bernanke when you're at the gas station this weekend




You know, because bailing out his rich banker buds was sure more important than you and your silly problems.

52 comments:

Anonymous said...

waahhhh wahhhh wahhhhh

So gas is $4 a gallon big fucking deal. It's double that in Europe and has been for years. And so instead of driving H2s witth 10 miles per gallon they drive turbo diesels with 40 miles per gallon.

problem solved

Mark in San Diego said...

I have been saying this to friends for months - expensive gas is NOT the complete fault of Exxon and Chevron, etc. but can be traced right back to Ben Bernake and CO. Oil is priced in dollars, and dollars are toilet paper! If your Euro is worth 1.60 or British Pound 1.99, then you could buy a lot more gas!!

I get really pissed off at politicians who have no understanding of this, and get the oil company executives up in a witch hunt. . .I never thought I would see the day when I would defend Exxon, but it isn't their fault!!

Allis Well said...

.
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STARBUCKS Earnings Sink 21% ...
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GM posts loss of $3.3B on weak auto market...
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MORE CASH NEEDED: CITIGROUP to sell $4.5 billion in stock...
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EU bails out German bank for $7.8B...
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Paying for health care: The $2 trillion puzzle .
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You make the call, All is well?

Lost Cause said...

I want 18 cents from John McCain. Almost two shiney dimes!

tangelo mozilo said...

Oh, no. Don't you realize that gasoline is so expensive because of the greedy commodities speculators and the increased demand from China and India? Plus, we're running out of oil, and taxes on gasoline are out of control, and greedy oil companies are making huge "windfall" profits . . .

No one in the media ever places the blame where it belongs: squarely at the feet of the Federal Reserve.

Legislators, journalists, and common people are wholly ignorant of how money works in this system and of the consequences of monetary policy. And that's how the corporations that are "too big to fail" like it.

Home of the Free and the Brave... said...

I will thank the George W. Bushco regime. The most incompetent and dangerous group of unconvicted felons ever collected.

These people make Hitler, Stalin, Pol Pot, Charles Manson and Jeffrey Dahmer look like warm puppies.

The Bush Family has done more to Kill the American dream than any group in history including Clintons past and present.

They should all be locked up forever.

Anonymous said...

http://tinyurl.com/46wc3n


Struggling with mounting debt and rising prices, faced with the toughest economic times since the early 1990s, Americans are selling prized possessions online and at flea markets at alarming rates.

To meet higher gas, food and prescription drug bills, they are selling off grandmother's dishes and their own belongings. Some of the household purging has been extremely painful -- families forced to part with heirlooms.

Anonymous said...

Summarizing the FED's Meddling from NN--

The result of this huge leverage is that the government no longer has the funds to avert a systemic financial disaster. The sort of money it would take to do that could only be captured from the future earnings power of the American people and the debasement of their currency.

Paulson's plan is being sold to us as a responsible act of government looking out for us, in an attempt to save us from our own irresponsibility. We like government to look out for us and save us from ourselves. We don't want to be forced to accept the consequences for creating this huge debt overhang, so we are all too willing to accept his plan without looking behind the curtain.

If we did take a look, we would see that Paulson's plan is really a huge mortgage on our future and the future of our children. In the final analysis, the Fed is financed by the Treasury, which is financed by borrowing, taxing Americans, and robbing them by the debasement of their currency

Paid Off said...

Well Said Keith. Those jerks have no concept of reality anyway. It's just a pissing contest to them.

million said...

.
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it's okay, Hillary and McCain are going to knock 18.4 cents off that from Memorial Day to Labor Day. a consumption tax break is exactly what our lagging economy needs right now! if you're not sacrificing... wait, no... consuming, if you're not consuming, then the terrorists have won.

Edgar Alpo said...

Scum Bucket Nation

Anonymous said...

Looks like the guy in the pic can do some more walking anyhow....

haans blix laughing his ass off said...

GOP Republicans, officials, judges and their network of criminal corporate supporters and church leaders are a bunch of out-of-control sick wacko's!!!!!!

YOU know who you are!

We need to build more prisons ASAP.

John said...

S&P back over 1400! High-five! Wait, weren't you guys buying after it dropped under 1300? No? You were buying gold at all-time highs and singing songs of doom and gloom? Oh. Oh well. Surely someone somewhere will give me a high-five. Carry on.

Anonymous said...

when will you people give this a rest? Dow is up huge again. Dow is now higher than what it was a year ago.

Gold is plummeting as is oil. The recession that has supposedly been coming for years is still not here and is looking less and less likely.

Now give this doom and gloom talk a rest already. You all sound like imbeciles.

Agent #777 said...

I'd like to do that!

Do you have Big Ben's cell number? ;)

Anonymous said...

It costs me $1.00 to take a bus 1 mile down the road to the Metro, which costs me $3.05 to get to work. So, it costs me about 201.00/month to go to and from work and I do not have to deal with all the traffic in DC metro.

Now, if I commuted via automobile it would cost at least 350/month for to get another car, 100/month for insurance, 200/month in parking fees and then probably at least another 200/month in gas. So, not including maintenance, that is a savings of at least $649.00/month.

And again, I get to read the paper on the way to work, check out some hotties here and there and I do not have to deal with the a-holes in traffic.

BB and his new world order cronies can eat my ass for all I care!

Anonymous said...

Is that guy in the lower picture grabbing his wanker at the gas station?? Oops...wrong hose!

Tom said...

Is that the picture of our economy? Oh no, that's rate cuts going off a cliff. Might as well be the economy going off. If they want to spur real economic growth, they need to raise rates because everyone is getting killed.

Andrew from Russia said...

Ben Bernanke the Environmentalist: finally made people feel concerned with their hydrocarbon consumption.

Anonymous said...

Keith, you are such an alarmist. America is still a great nation. America's economy is 13 TRILLION DOLLARS. The largest economy in the world! We have the world's highest standard of living. So what more do you want you asshole??? All you do is rant and rave about how bad it is here in America from over there in Europe. You dimwit, how many people in America want to leave this country? Zero. That speaks for it all. Go get a fucking life and look at the positive side.

Anonymous said...

I paid $4.36 a gallon today in Seattle for premium! $4.36!!!!

Luckily, I was ridding my Vespa which only holds 1 1/2 gallons...

Note: This was downtown (Shell - Broadway@Pine) , and I don't know if all stations are this pricy.

Anonymous said...

Ahh close in, walkable urban life. 1 car for 2 of us, fill up the tank once every 5 weeks!

Anonymous said...

The rich and famous start to feel the heat...

http://www.abcnews.go.
com/Business/Economy/
story?id=4768489&page=1

Peter said...

It will be interesting to see how much gas will cost after Israel and the US bomb bomb bomb Iran....just wonderin.. Iran officially said the dollar is worthless. Gee, who did that last time?

Anonymous said...

Keith, we need a custom chart I think. Everything start going "haywire" in mid-late 2007.


I would like to see a DETAILED (ie. hi resolution) chart that juxtaposes the massive rate decreases with the price of commodities, food,m2, m3 reconstruction, and the stock market.

I think this would be interesting. Why not call out for one with your millions of viewers, I am sure someone can do this.

Anonymous said...

August of 2007 is an important time period:

It is when rates were/were expected to be slashed.

It is when commodities such as oil/etc started soaring (notice the new upslope on almost every commodity)

Notice the dollar trend starting at this point.



what has happened? What did the markets know or the FED hint at to its buddies?


August 2007 is just like 1995 when everything started spiking for a long term hyperinflationary bull run

Anonymous said...

Jose Canseco loses his Encino home to foreclosure: http://tinyurl.com/6lznyb

Stop the insanity!

yu been skooled said...

FLASH: HPers have a coronary. The apostate billionaire Sam Zell says investments in commercial real estate to resume.

"The commercial real estate market is going to do terrific no matter what the economy does, short of a depression.''

http://tinyurl.com/6rk7f5

In other news: HP website rings its last deathknell, members form circle jerk one last time.

John said...

Buy a small car. Or a bike and get rid of the obesity epidemic while you're at it.

San Mateo Home Sellers in Trouble said...

I don't understand what the point was in bailing out the banks and foreclosed people. Anyone with half a brain knows that we need lower housing prices, not a decimation of our money and rampant inflation.

Anonymous said...

Why is gas more expensive in Europe and Asia? Is that also Bernanke and Cheney's fault?

Owner Earnings said...

See you in Berkshire Hathaway Ville! Anyone else going out there that wants to meet up just drop a post on my blog.

Anonymous said...

BWA HA HA HA HA HA HA HA HA HA


BWA HA HA HA HA HA HA HA HA HA


Stock markets soar once again today.

Unemployment rate drops.

Some crash!

Some depression!

DOPES
DOLTS
FOOLS
TOOLS

Anonymous said...

Gotta love working with soccer moms who drive Chevy Suburban trucks 25 miles to work. $20 in transit to get to a job, exert pressure on the boss for more pay, which causes corporate USA to continue to out-source all of us.
I really think consumption is collective within my socio-economy.

Investorazzi.com said...

Here's an interesting quote from Jeremy Grantham, chairman and chief strategist of fund manager GMO, which appeared in the Financial Times (UK) this past Tuesday:

...when shall we stop appointing as Fed chairmen either academic economists - out of touch with the messy real world? - or lightweight commercial economists and find someone with solid banking experience? Would a banker with even a hint of John Pierpont Morgan in him have allowed such a sad deterioration of credit and banking standards? Where was Mr Volcker when we needed him? Fired for doing unpleasant but necessary things. So perhaps we get the Fed we deserve...

Anonymous said...

The unemployment data came out today and it was a lot better than expected. Only 20,000 jobs were lost and the unemployment rate went down to 5%. So all of you HP'ers expecting the sky to fall and the economy to collapse keep dreaming. Oh, the rebuttal to my argument will be "oh, it is a conspiracy", "you can't trust the government's numbers", etc... You guys are a total joke.

Anonymous said...

In your poll for the best Bubble Guru, you have missed a person who has escaped the media radar. Mike Stathis. If you read his books, "America's Financial Apocalypse: How to Profit from the Next Great Depression" and "Cashing in on the Real Estate Bubble," you will see why. Note that he predicts a depression and he explains in detail why.

While Schiff's book is informative, I found it lacking substance and real data. "America's Financial Apocalypse" is far more insightful in my opinion.

Anonymous said...

"...Stock markets...Unemployment..."

How many people work for a living, versus owning companies and trading stocks?

Anonymous said...

My commute to and from work is $90/month for the bus pass, paid for by my employer. Sometimes I bike part of the way for exercise. I have no pity for the "patriots" who drive OVERSIZED SUVs alone and have to pay $4/gal for gas. Their problems are of their own doing. If they were too dumb to see just a year+ ahead, what can I do. I say let Darwin figure it out.

Lady Di said...

Oil price per barrel year 2000 - $20.00

Oil price per barrel year 2008 - $115.00

Mission Accomplished.

Bush Jr. may be the worst president ever, but he definitely ain't the dumbest.

Anonymous said...

Is it bad that I paid more attention to the odd sumo wrestler than the gas price sign on the picture?

Anonymous said...

n your poll for the best Bubble Guru, you have missed a person who has escaped the media radar. Mike Stathis. If you read his books, "America's Financial Apocalypse: How to Profit from the Next Great Depression" and "Cashing in on the Real Estate Bubble," you will see why.

Shame, not available for Kindle yet. It seems that the author will be ok during the depression, since he charges $56 for a paperback!!!

Anonymous said...

Oh, the rebuttal to my argument will be "oh, it is a conspiracy", "you can't trust the government's numbers", etc... You guys are a total joke.

No, the rebuttal is that the economy has been losing jobs for 6 straight months with no end in sight. Funny how rosy (fake) economic indicators always come out with Bernanke's cuts. If it's so rosy, why relax collateral requirements, extend the window, and cut rates like crazy? Let me guess, next month there will be a surprise big jump on unemployment which nobody expected. Once in a while they pull a fake to bring a phony rally to fleece the sheep. It's all rigged!

Anonymous said...

Anonymous said...

Keith, you are such an alarmist. America is still a great nation. America's economy is 13 TRILLION DOLLARS. The largest economy in the world! We have the world's highest standard of living. So what more do you want you asshole??? All you do is rant and rave about how bad it is here in America from over there in Europe. You dimwit, how many people in America want to leave this country? Zero. That speaks for it all. Go get a fucking life and look at the positive side.

That's your queue Jymkata to flash the debt at this bozo.

We have every intention of leaving this country in 5 1/2 years (counting days) along with thousands of other expatriates. Retirement is waaayy better south of the border.

So how many times have you been out of the country exactly?

Why are you here? Shouldn't you be reading a blog entitled God Bless America or something?

JaneZ

Anonymous said...

Nation, stop comparing gas prices with Europe because it's apples to oranges. Europe has an excellent public transportation, while the US was built to sell cars and oil, as planned by the secret society, Rockefellers and automakers. Nobody in Europe needs to drive a lot, especially in those countries the size of Rhode Island.

ONCE AGAIN, STOP COMPARING GAS PRICES WITH EUROPE BECAUSE YOU SOUND STUPID.

Anonymous said...

Oil wasn't $20/brl in 2000 you lying leftwing moron

Anonymous said...

Oil in 1980 under Peanut Brains Carter - $40

Oil in 1988 under Ronald Reagan - $14


Mission accomplished

Anonymous said...

Oil 1972 under Richard Nixon - $3.75

Oil 1980 under Peanut Brains Carter $40


A 1000% increase!!!

Anonymous said...

AMELIKA IS CENTER OF THE UNIVERSE!!!

WE CONTROL THE PRICES OF ALL COMMODITIES IN THE WORLD!!!

EVERYTHING BAD IS AMELIKA'S FAULT

Vanilla Ice said...

Anonymous said...

"waahhhh wahhhh wahhhhh

So gas is $4 a gallon big fucking deal. It's double that in Europe and has been for years. And so instead of driving H2s witth 10 miles per gallon they drive turbo diesels with 40 miles per gallon.

problem solved"


We're all so stupid!

realtor luvr said...

anon 650 said -You all sound like imbeciles.

maybe that sound you hear is you talking to yourself like when you have your daily real estate meetings and shoot the sh*t with all the other former used car salespeople.