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Economic Architect Bernanke: Economy Close to Faltering; Concerns About Europe; Very Serious Risk of Substantial Impact to U.S. Financial System

 
Astrochik
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10/05/2011 12:28 PM
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Economic Architect Bernanke: Economy Close to Faltering; Concerns About Europe; Very Serious Risk of Substantial Impact to U.S. Financial System
[link to www.shtfplan.com]

Ben Bernanke updates America on the status of our economy, interdependence on Europe, and what may ensue if Greece and the rest of the Europe’s sovereign debt and banking issues aren’t resolved in an orderly fashion. (Hint: They won’t be, so get ready for the worst case scenario) :

First it would depend on the conditions of the default. If it were done in a way that was, where there were very substantial firewalls, backstops, protections done in a very orderly and controlled way, then that would be one thing.

If it was disorderly, unplanned and disruptive that’d be a very different matter.

As I said to Congressman Brady, the direct exposures of our banks to Greece are minimal.

If there were a disorderly default, which led to, for example, runs or defaults of other sovereigns or stresses on European banks, it would create a huge amount of financial volatility globally that would have a very substantial impact not only on our financial system, but on our economy. So, it’s a very, very serious risk if that were to happen.

Ben Bernanke, the architect of our economic recovery, just told us that the worst case scenario will have a “substantial impact” on our financial and economic systems. We’re to the point where Mr. Bernanke is now talking about bank runs in Europe, and Congress is concerned of similar situations playing out right here at home.
26 Qualities That Make Man God-Like:

1: Fearlessness 2: purity of heart 3: Steadfastness 4: Almsgiving 5: Self-restraint 6: Religious rites 7: Right study of the scriptures 8: Self discipline 9: Straightforwardness 10: Noninjury 11: Truth 12: Absense of wrath 13: Renunciation 14: Peace 15: Absence of fault-finding and calumny 16: Compassion toward all beings 17: Noncovetousness, absence of greed 18: Gentleness 19: Modesty 20: Absence of restlessness 21: Radiance of character 22: Forgiveness 23: Patience or fortitude 24: Cleanness of body and purity of mind 25: Nonhatred 26: Lack of conceit
Astrochik (OP)

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10/05/2011 12:47 PM
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Re: Economic Architect Bernanke: Economy Close to Faltering; Concerns About Europe; Very Serious Risk of Substantial Impact to U.S. Financial System
Bernanke: European Problems Pose Very Serious Risk of Substantial Impact to U.S. Economy



[link to www.youtube.com]
26 Qualities That Make Man God-Like:

1: Fearlessness 2: purity of heart 3: Steadfastness 4: Almsgiving 5: Self-restraint 6: Religious rites 7: Right study of the scriptures 8: Self discipline 9: Straightforwardness 10: Noninjury 11: Truth 12: Absense of wrath 13: Renunciation 14: Peace 15: Absence of fault-finding and calumny 16: Compassion toward all beings 17: Noncovetousness, absence of greed 18: Gentleness 19: Modesty 20: Absence of restlessness 21: Radiance of character 22: Forgiveness 23: Patience or fortitude 24: Cleanness of body and purity of mind 25: Nonhatred 26: Lack of conceit
Astrochik (OP)

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10/05/2011 12:58 PM
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Re: Economic Architect Bernanke: Economy Close to Faltering; Concerns About Europe; Very Serious Risk of Substantial Impact to U.S. Financial System
A Day That Will Never Be Forgotten: Anonymous Hackers Declare War; Threaten to “Erase” the NYSE On October 10th

[link to www.shtfplan.com]
26 Qualities That Make Man God-Like:

1: Fearlessness 2: purity of heart 3: Steadfastness 4: Almsgiving 5: Self-restraint 6: Religious rites 7: Right study of the scriptures 8: Self discipline 9: Straightforwardness 10: Noninjury 11: Truth 12: Absense of wrath 13: Renunciation 14: Peace 15: Absence of fault-finding and calumny 16: Compassion toward all beings 17: Noncovetousness, absence of greed 18: Gentleness 19: Modesty 20: Absence of restlessness 21: Radiance of character 22: Forgiveness 23: Patience or fortitude 24: Cleanness of body and purity of mind 25: Nonhatred 26: Lack of conceit
Astrochik (OP)

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10/05/2011 01:04 PM
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Re: Economic Architect Bernanke: Economy Close to Faltering; Concerns About Europe; Very Serious Risk of Substantial Impact to U.S. Financial System
Point of No Return



[link to www.youtube.com]
26 Qualities That Make Man God-Like:

1: Fearlessness 2: purity of heart 3: Steadfastness 4: Almsgiving 5: Self-restraint 6: Religious rites 7: Right study of the scriptures 8: Self discipline 9: Straightforwardness 10: Noninjury 11: Truth 12: Absense of wrath 13: Renunciation 14: Peace 15: Absence of fault-finding and calumny 16: Compassion toward all beings 17: Noncovetousness, absence of greed 18: Gentleness 19: Modesty 20: Absence of restlessness 21: Radiance of character 22: Forgiveness 23: Patience or fortitude 24: Cleanness of body and purity of mind 25: Nonhatred 26: Lack of conceit
Astrochik (OP)

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10/05/2011 02:23 PM
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Re: Economic Architect Bernanke: Economy Close to Faltering; Concerns About Europe; Very Serious Risk of Substantial Impact to U.S. Financial System
tomato
26 Qualities That Make Man God-Like:

1: Fearlessness 2: purity of heart 3: Steadfastness 4: Almsgiving 5: Self-restraint 6: Religious rites 7: Right study of the scriptures 8: Self discipline 9: Straightforwardness 10: Noninjury 11: Truth 12: Absense of wrath 13: Renunciation 14: Peace 15: Absence of fault-finding and calumny 16: Compassion toward all beings 17: Noncovetousness, absence of greed 18: Gentleness 19: Modesty 20: Absence of restlessness 21: Radiance of character 22: Forgiveness 23: Patience or fortitude 24: Cleanness of body and purity of mind 25: Nonhatred 26: Lack of conceit

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